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Page 1
Andal dalam Pelayanan,
Unggul dalam Kinerja
Reliable in Services, Excellent in Performance




2025
Laporan Tahunan
Annual Report


PT Jasa Marga (Persero) Tbk
Page 2
2   Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 3
Sanggahan dan Batasan Tanggung Jawab
Disclaimer and Limitation of Liability

Laporan Tahunan ini dapat berisi beberapa pernyataan               This Annual Report may contain statements that are
yang merupakan proyeksi dan pandangan masa depan                   projections and forward-looking statements describing
yang menggambarkan cara pandang Perseroan terhadap                 the Company's views on future events and financial
kejadian-kejadian dan kinerja keuangan di masa depan,              performance, as well as financial conditions, operating and
serta kondisi keuangan, hasil operasi dan hasil usaha, kondisi     business results, economic conditions, sector conditions,
ekonomi, kondisi sektor, kondisi lalu lintas, serta rencana        traffic conditions, and related plans and objectives. The
dan tujuan terkait. Kinerja historis yang menggambarkan            historical performance illustrating the Company's future
risiko, peluang, dan prospek Perseroan di masa depan yang          risks, opportunities, and sustainability prospects is detailed
berkaitan dengan nilai keberlanjutan secara rinci disajikan        in the Sustainability Report, which is a separate book, but it
dalam Laporan Keberlanjutan dalam buku terpisah namun              remains an integral part of this Annual Report.
masih menjadi satu kesatuan dengan Laporan Tahunan ini.

Pandangan-pandangan ini didasarkan pada beberapa                   These views are based on current estimates and
estimasi dan asumsi saat ini yang dapat berubah seiring            assumptions that are subject to change due to uncertainties,
dengan ketidakpastian, kontingensi dan berbagai risiko             contingencies, and various business, economic, and
bisnis, ekonomi dan kompetisi yang dapat berubah                   competitive risks that may change at any time; may cause
sewaktu-waktu; dapat menyebabkan hasil, kinerja dan                actual results, performance, and events to differ materially
kejadian sebenarnya berbeda secara material dari yang              from those predicted or projected; and are beyond the
telah diprediksi atau diproyeksi; dan hal ini berada di luar       control of the Company and its Board of Directors. These
kendali Perseroan dan Direksi Perseroan. Pernyataan-               statements are not related either directly or exclusively to
pernyataan tersebut tidak terkait baik secara langsung             historical facts and do not reflect the Company's intentions,
maupun secara eksklusif dengan fakta-fakta historis dan            plans, expectations, assumptions, and beliefs regarding
tidak mencerminkan niat, rencana, ekspektasi, asumsi dan           future events. There is no guarantee that future events
keyakinan Perseroan mengenai kejadian-kejadian di masa             will occur, projections will be achieved, or the Company's
datang. Tidak ada jaminan bahwa kejadian di masa datang            assumptions will prove correct. These statements are
akan muncul, proyeksi akan tercapai, atau asumsi Perseroan         not and cannot be considered as representations of the
benar. Pernyataan-pernyataan tersebut bukan dan tidak              Company's future performance.
dapat dianggap sebagai representasi atas kinerja Perseroan
di masa datang.

Laporan tahunan ini memuat kata “Jasa Marga”, dan                  This annual report contains the terms “Jasa Marga” and
“Perseroan” yang didefinisikan sebagai PT Jasa Marga               “the Company,” which are defined as PT Jasa Marga
(Persero) Tbk yang menjalankan kegiatan usaha di bidang            (Persero) Tbk, which conducts business activities in the
pengusahaan jalan tol. Penyebutan satuan mata uang                 toll road sector. The currency units “Rupiah,” “Rp,” or IDR
“Rupiah”, “Rp” atau IDR merujuk pada mata uang resmi               refer to the official currency of the Republic of Indonesia. In
Republik Indonesia, sedangkan “Dolar AS” atau USD merujuk          contrast, “US Dollar” or USD refers to the official currency
pada mata uang resmi Amerika Serikat. Semua informasi              of the United States. All financial information is presented
keuangan disajikan dalam mata uang Rupiah. Laporan                 in Rupiah. This Annual Report (including the Consolidated
Tahunan ini (termasuk Laporan Keuangan Konsolidasian)              Financial Statements) is submitted and published promptly
disampaikan dan dipublikasikan secara tepat waktu sesuai           following the applicable rules and regulations.
dengan aturan dan ketentuan yang berlaku.




Pemberitahuan Tabel dan Grafik
Notice of Tables and Charts

Tabel dan grafik pada Laporan Tahunan ini memaparkan data          The tables and charts in this Annual Report present numerical
numerik dengan standar penulisan mengikuti kaidah Bahasa           data written following Indonesian language standards.
Indonesia. Pemaparan numerik dalam teks menggunakan                Numerical presentations in the text use Indonesian and
standar kaidah Bahasa Indonesia dan Bahasa Inggris sesuai          English language standards as appropriate to the context.
konteks.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                               3
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4   Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 5
Tema dan Arti Tema
Theme and Its Meaning




        2025
     Andal dalam Pelayanan,
     Unggul dalam Kinerja
     Reliable in Services, Excellent in Performance



     Jasa Marga untuk terus memperkuat posisinya                   Jasa Marga continues to strengthen its position as the
     sebagai pemimpin industri jalan tol di Indonesia              leader in Indonesia's toll road industry through excellent
     melalui pelayanan prima dan pencapaian kinerja                service and sustainable performance. Reliability in
     yang     berkelanjutan.   Andal     dalam     pelayanan       service is the Company's dedication to providing the
     merupakan dedikasi Perseroan dalam memberikan                 best service for all toll road users. This reliability is
     layanan terbaik bagi seluruh pengguna jalan tol.              realized through the fulfillment of Minimum Service
     Keandalan ini diwujudkan melalui pemenuhan                    Standards (SPM), the application of technological
     Standar Pelayanan Minimal (SPM), penerapan                    innovations, improvements in infrastructure quality,
     inovasi teknologi, peningkatan kualitas infrastruktur,        and the development of support services in rest
     serta pengembangan layanan pendukung di rest                  areas. The goal is to create a safe, comfortable,
     area. Tujuannya adalah menciptakan pengalaman                 and efficient driving experience. On the other hand,
     berkendara yang aman, nyaman, dan efisien. Di                 performance excellence demonstrates the Company's
     sisi lain, unggul dalam kinerja menunjukkan tekad             determination to consistently maintain and improve its
     Perseroan untuk menjaga dan meningkatkan                      financial, operational, and non-financial performance.
     kinerja keuangan, operasional, dan non-keuangan               This performance excellence is achieved through
     secara konsisten. Keunggulan kinerja ini dicapai              the optimization of the toll road portfolio, operational
     melalui optimalisasi portofolio jalan tol, efisiensi          efficiency, strengthening of innovative and sustainable
     operasional, penguatan pendanaan yang inovatif dan            funding, and diversification of non-toll businesses. In
     berkelanjutan, serta diversifikasi bisnis non-tol. Selain     addition, commitment to ESG (Environmental, Social,
     itu, komitmen pada aspek ESG (Environmental, Social,          and Governance) aspects is an important pillar for
     and Governance) juga menjadi pilar penting untuk              ensuring growth that focuses not only on profitability
     memastikan pertumbuhan yang tidak hanya berfokus              but also on sustainability. Jasa Marga emphasizes that
     pada profitabilitas, tetapi juga keberlanjutan. Jasa          the Company's success is not only measured by the
     Marga menegaskan bahwa keberhasilan Perseroan                 scale of its business and financial achievements but
     tidak hanya diukur dari skala bisnis dan capaian              also by the quality of its reliable services and positive
     finansial, melainkan juga dari kualitas layanan yang          contributions to national connectivity development and
     dapat diandalkan serta kontribusi positif terhadap            community welfare.
     pembangunan konektivitas nasional dan kesejahteraan
     masyarakat.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                5
Page 6
    Kesinambungan Tema
    Theme Continuity




                            2024                                                                2023
     Membuka Jalan Menuju Masa Depan                                    Mengedepankan Keberlanjutan Bisnis,
              Berkelanjutan                                                  Meningkatkan Daya Saing
      Paving the Pathway Towards Sustainable Future                 Emphasizing Business Continuity, Increasing Competitiveness


Perseroan di tahun 2024 berupaya meraih pencapaian target           Memastikan keberlanjutan bisnis merupakan prioritas utama
kinerja secara berkesinambungan dan mempersiapkan landasan          Perseroan dalam menjalankan kegiatan usahanya. Kontribusi
yang kuat bagi masa depan keberlangsungan bisnis. Peningkatan       pendorong terbesar dari solidnya kinerja Perseroan di tahun 2023
teknologi inovatif dilakukan guna mendorong efisiensi operasi       merupakan manifestasi dari langkah strategis dan upaya Perseroan
yang tetap memenuhi Standar Pelayanan Minimal (SPM).                untuk terus meningkatkan daya saingnya. Perseroan melakukan
Pengelolaan risiko yang efektif di seluruh rantai nilai usaha,      optimalisasi portofolio atas ruas tol yang dimiliki, sebagai salah
salah satunya ditunjukkan oleh keberhasilan atas eksekusi           satu strategi yang memberikan dampak positif untuk mendorong
aksi korporasi dalam rangka menjaga kesehatan finansial             peningkatan nilai dan kinerja Perseroan. Perseroan juga adaptif dan
Perseroan secara jangka panjang. Penerapan digitalisasi dalam       inovatif dalam menerapkan dan mengembangkan teknologi digital
pembelajaran diharapkan mampu meningkatkan kapasitas                secara berkesinambungan, baik pada bisnis inti maupun bisnis
modal insani. Penerapan tata kelola yang baik serta pelaksanaan     pendukung. Dengan demikian, Perseroan dapat membangun bisnis
praktik berkelanjutan sebagai bentuk komitmen transparansi.         yang tangguh, andal, dan berorientasi pada pelanggan. Perseroan
Melalui berbagai pendekatan ini, Perseroan tidak hanya berfokus     turut membangun lingkungan kerja yang harmoni dan melanjutkan
pada kinerja jangka pendek, tetapi juga menciptakan nilai           regenerasi human capital sebagai wujud dari peningkatan daya
untuk memberikan dampak jangka panjang dan berkelanjutan            saing untuk bergerak maju meningkatkan produktivitas serta
bagi seluruh pemangku kepentingan. Melalui pendekatan               kelincahan organisasi. Dalam hal pengelolaan bisnis, Perseroan
yang menyeluruh dan berfokus pada keberlanjutan tersebut,           juga berpegang pada prinsip Tata Kelola Perusahaan yang Baik
Perseroan berupaya untuk membuka jalan menuju masa depan            (Good Corporate Governance) dan mendorong transformasi
yang lebih baik bagi seluruh pemangku kepentingan.                  secara berkelanjutan. Seluruh aspek tersebut menjadi landasan
                                                                    bagi Perseroan dalam membangun keunggulan bersaingnya
In 2024, the Company strives to sustainably achieve its             sehingga tercipta kesinambungan bisnis demi memantapkan posisi
performance targets while laying a strong foundation for the        Perseroan sebagai pemimpin industri jalan tol Indonesia, sekarang
future continuity of its business. Innovative technological         dan di masa yang akan datang.
advancements are implemented to drive operational efficiency
while maintaining compliance with Minimum Service Standards         Ensuring business sustainability is the Company’s top priority in
(MSS). Effective risk management across the entire business         conducting its operations. The most significant factor contributing
value chain is exemplified by the successful execution of           to the Company’s solid performance in 2023 was its strategic
corporate actions aimed at ensuring the Company’s long-             measures and continuous efforts to improve competitiveness.
term financial health. The integration of digitalization in         The Company optimized its toll road portfolio as part of the
learning is expected to enhance human capital capacity. The         strategy, yielding positive impacts on value creation and
implementation of good governance and sustainable practices         performance improvement. The Company also remained adaptive
demonstrates the Company’s commitment to transparency.              and innovative in continuously implementing and developing
Through these various approaches, the Company is focused            digital technology in both the core and supporting businesses.
not only on short-term performance but also on creating value       This enabled the Company to build a resilient, reliable, and
that delivers long-term, sustainable impact for all stakeholders.   customer-oriented business. Additionally, the Company fostered
With a comprehensive and sustainability-focused approach, the       a harmonious work environment and continued human capital
Company is committed to paving the way toward a better future       regeneration to enhance competitiveness, productivity, and
for all its stakeholders.                                           organizational agility. In business management, the Company
                                                                    adhered to Good Corporate Governance (GCG) principles while
                                                                    driving sustainable transformation. These efforts served as a
                                                                    foundation for building competitive advantages and ensuring
                                                                    business continuity, solidifying the Company’s position as a
                                                                    leader in Indonesia’s toll road industry, now and in the future.



6                                                                        Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 7
                              2022                                                           2021
    Tumbuh Semakin Tangguh dengan                                           Adaptif dan Inovatif Mengatasi
     Memperkuat Fundamental untuk                                            Tantangan untuk Wujudkan
  Menyambut Masa Depan yang Lebih Baik                                         Jalan Tol Berkelanjutan
             Growing Stronger by Strengthening                          Adaptive and Innovative, Overcoming Challenges
          Fundamentals to Welcome a Better Future                            Towards More Sustainable Toll Roads


Pada tahun 2022, Perseroan berhasil menorehkan pertumbuhan         Jasa Marga senantiasa memanfaatkan peluang dari
kinerja yang terus menguat dan semakin tangguh yang                perkembangan teknologi digital yang begitu pesat untuk terus
merupakan hasil dari penerapan strategi yang berfokus pada         berinovasi dalam meningkatkan pelayanan di tengah tantangan
upaya menyeimbangkan pertumbuhan dan kesinambungan                 pandemi COVID-19. Pada tahun 2021, Jasa Marga berhasil
finansial untuk membangun ketahanan Perseroan. Perseroan           meningkatkan kinerja positif dengan adanya pertumbuhan
juga terus memperkuat fundamentalnya melalui serangkaian           pendapatan tol, implementasi asset recycling dan penetapan
upaya pengembangan bisnis, optimalisasi biaya, penguatan           prioritas program kerja dalam rangka efisiensi beban usaha.
pendanaan, peningkatan kapabilitas human capital serta             Seluruh upaya Perseroan dalam menjalankan bisnisnya
pengembangan teknologi. Berbekal keunggulan kompetitif saat        dilakukan dengan asas keberlanjutan dengan memperhatikan
ini ditambah kinerja yang tumbuh berkelanjutan dan fundamental     keselarasan antara ekonomi, sosial, dan lingkungan.
yang semakin kuat, Perseroan optimis dapat menyambut masa
                                                                   Jasa Marga consistently leveraged the rapid advancements in
depan yang lebih baik dengan perannya untuk menghubungkan
                                                                   digital technology to innovate and improve services amid the
Indonesia.
                                                                   challenges of the COVID-19 pandemic. In 2021, the Company
In 2022, the Company achieved steady and strengthening             achieved positive performance growth through toll revenue
performance growth due to strategies that focused on balancing     increases, asset recycling implementation, and prioritization
growth and financial sustainability to build resilience. The       of work programs aimed at operational cost efficiency. All
Company fortified its fundamentals through various efforts,        the Company’s business activities were conducted with a
including business development, cost optimization, funding         sustainability principle, emphasizing harmony among economic,
reinforcement, human capital capability enhancement, and           social, and environmental factors.
technological advancement. Armed with current competitive
advantages, sustainable performance growth, and strengthened
fundamentals, the Company remained optimistic about its role in
connecting Indonesia and welcoming a brighter future.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                             7
Page 8
Daftar Isi
Table of Content
         Sanggahan dan Batasan Tanggung Jawab
                                                                          Laporan Manajemen
                                                                 02 Management Report
    3
         Disclaimer and Limitation of Liability

         Pemberitahuan Tabel dan Grafik
    3
         Notice of Tables and Graphs
                                                                       Laporan Dewan Komisaris
                                                                 52
         Tema dan Arti Tema                                            Board of Commissioners’ Report
    5
         Theme and Its Meaning
                                                                       Penilaian terhadap Kinerja Direksi mengenai Pengelolaan
         Kesinambungan Tema                                            Perseroan
    6                                                            53
         Theme Continuity                                              Assessment of the Board of Directors’ Performance in
                                                                       Company Management
         Daftar Isi
    8                                                                  Pandangan atas Prospek Usaha Perseroan
         Table of Content                                        57
                                                                       Outlook on the Company’s Business Prospects
         Keunggulan Utama Jasa Marga Membangun Kinerja Unggul
                                                                       Pandangan atas Penerapan Tata Kelola
    12   The Main Advantages of Jasa Marga Building Excellent    58
         Performance                                                   Outlook on the Corporate Governance Implementation


         Sasaran Strategis dan Kinerja Tahun 2025                      Capaian Program Kerja dan Pelaksanaan Tugas
    14                                                                 Dewan Komisaris
         2025 Strategic Targets and Performance                  59
                                                                       Achievements of the Board of Commissioners’ Work
                                                                       Program and Implementation of Duties

                                                                       Penilaian Kinerja Dewan Komisaris Tahun 2025
                                                                 63    Performance Assessment of the Board of Commissioners
            Ikhtisar Kinerja Utama                                     in 2025
01          Main Performance Highlights
                                                                       Penilaian Kinerja Komite yang Berada di bawah
                                                                       Dewan Komisaris
                                                                 63
                                                                       Performance Assessment of Committees under
         Ikhtisar Keuangan                                             the Board of Commissioners
 20
         Financial Highlights
                                                                       Perubahan Komposisi Dewan Komisaris
 24
         Ikhtisar Operasional                                    64
                                                                       Changes in Board of Commissioners’ Composition
         Operational Highlights

         Informasi Harga Saham                                         Apresiasi
 25                                                              65
         Stock Price Information                                       Appreciation

         Laporan Analis Perseroan                                      Profil Dewan Komisaris
 27                                                              66
         Company Analyst Report                                        Board of Commissioners’ Profile

         Aksi Korporasi                                                Laporan Direksi
    31                                                           68
         Corporate Action                                              Board of Directors’ Report

         Informasi Penghentian Sementara Perdagangan Saham             Kondisi Ekonomi dan Industri 2025
         (Suspension) dan/atau Penghapusan Pencatatan Saham      69
    31                                                                 Economic and Industry Conditions in 2025
         (Delisting)
         Information on Stocks Suspension and/or Delisting             Strategi dan Kebijakan Strategis
                                                                 71
                                                                       Strategy and Strategic Policies
         Informasi Obligasi, Sukuk, dan/atau Obligasi Konversi
         serta Pendanaan Lainnya
 32                                                                    Peranan Direksi dalam Perumusan Strategi dan Kebijakan
         Information on Bonds, Sukuk, and/or Converted Bonds,
                                                                       Strategis
         and other Financing                                     72
                                                                       Board of Directors’ Role in Formulating Strategies and
                                                                       Strategic Policies
         Penghargaan dan Sertifikasi
 34
         Awards and Certifications
                                                                       Proses yang Dilakukan Direksi untuk Memastikan
         Peristiwa Penting 2025                                        Implementasi Strategi
 46                                                              73
         Event Highlights 2025                                         Board of Directors’ Processes to Ensure Strategy
                                                                       Implementation

                                                                       Perbandingan antara Hasil yang Dicapai dengan yang
                                                                 74    Ditargetkan
                                                                       Comparison between Achievement and Targets

                                                                       Tantangan dan Kendala yang Dihadapi dan Langkah
                                                                 76    Penyelesaiannya
                                                                       Challenges, Obstacles, and Solutions

                                                                       Penilaian Kinerja Komite di bawah Direksi dan Dasar
                                                                       Penilaiannya
                                                                 78
                                                                       Performance Assessment of Committees under the Board
                                                                       of Directors and Evaluation Basis

                                                                       Prospek Usaha
                                                                 78
                                                                       Business Prospects




8                                                                  Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 9
          Penerapan Tata Kelola Perusahaan                                Informasi Perubahan Komposisi Dewan Komisaris dan
  80
          Corporate Governance Implementation                             Direksi Setelah Tahun Buku 2025
                                                                    132
                                                                          Changes in the Board of Commissioners and the Board of
          Perubahan Komposisi Direksi                                     Directors after the 2025 Fiscal Year
  82
          Changes in Board of Directors’ Composition
                                                                          Profil Dewan Komisaris
                                                                    133
          Apresiasi                                                       Profile of the Board of Commissioners
  83
          Appreciation
                                                                          Profil Direksi
                                                                    139
          Profil Direksi                                                  Profile of the Board of Directors
  84
          Board of Directors’ Profile
                                                                          Profil Komite Audit
                                                                    146
          Surat Pernyataan Anggota Direksi dan Anggota Dewan              Profile of the Audit Committee
          Komisaris tentang Tanggung Jawab atas Laporan
          Tahunan PT Jasa Marga (Persero) Tbk Tahun Buku 2025             Profil Komite Nominasi dan Remunerasi
                                                                    149
  86      Statement of Members of The Board of Directors and              Profile of the Nomination and Remuneration Committee
          Board of Commissioners on Responsibility for the Annual
          Report of PT Jasa Marga (Persero) Tbk for the 2025              Profil Komite Pemantau Risiko dan Hukum
          Fiscal Year
                                                                    152
                                                                          Profile of the Risk Monitoring and Legal Committee

                                                                          Profil Komite Tata Kelola Terintegrasi
                                                                    155
                                                                          Profile of the Integrated Governance Committee

                                                                          Profil Sekretaris Dewan Komisaris
                                                                    164
                                                                          Profile of the Board of Commissioners Secretary

            Profil Perusahaan
 03 Company Profile                                                  165
                                                                          Pejabat Eksekutif
                                                                          Executive Management

                                                                          Demografi Karyawan 2024-2025
                                                                    176
          Identitas Jasa Marga                                            Employee Demography 2024-2025
  90
          Jasa Marga Identity
                                                                          Pendidikan dan/atau Pelatihan Dewan Komisaris, Direksi,
          Riwayat Singkat Perseroan                                       Komite-Komite, Sekretaris Perusahaan, Unit Audit Internal
  92                                                                      dan Unit Manajemen Risiko
          Company Brief History                                     179
                                                                          Education and/or Training for Board of Commissioners,
          Informasi tentang Perubahan Nama                                Board of Directors, Committees, Corporate Secretary,
  93                                                                      Internal Audit Unit, and Risk Management Unit
          Information on Name Alteration

          Keanggotaan dalam Asosiasi                                      Komposisi Pemegang Saham
  94                                                                243
          Membership in Association                                       Shareholders Composition

          Jejak Langkah                                                   Entitas Anak, Ventura Bersama, dan Entitas Asosiasi
  95                                                                249
          Milestones                                                      Subsidiaries, Joint Ventures, and Associate Entities

          Wilayah Operasional Perseroan                                   Struktur Grup Perseroan
  96                                                                282
          Company Operational Area                                        Company’s Group Structure

          Akses terhadap Perseroan                                        Kronologi Penerbitan dan/atau Pencatatan Saham
  104                                                               284
          Access to the Company                                           Chronology of Share Issuance and/or Listing

          Visi, Misi, dan Budaya Perseroan                                Kronologi Penerbitan dan/atau Pencatatan Obligasi
  106                                                               285
          Vision, Mission, and Corporate Culture                          Chronology of Bonds Issuance and/or Listing

          Bidang Usaha                                                    Obligasi Jasa Marga yang Belum Jatuh Tempo
  114                                                               288
          Line of Business                                                Jasa Marga Outstanding Bonds

          Produk dan Jasa yang Dihasilkan (Model Bisnis)                  Kronologi Penerbitan dan/atau Pencatatan Sukuk
  117                                                               293
          Products and Services Offered (Business Model)                  Chronology of Sukuk Issuance and/or Registration

          Logo Perseroan                                                  Kronologi Penerbitan dan/atau Pencatatan Sumber
  126                                                                     Pendanaan Lainnya
          Company’s Logo                                            294
                                                                          Chronology of Other Sources of Funding Issuance and/
          Struktur Organisasi                                             or Listing
  128
          Organization Structure
                                                                          Lembaga dan/atau Profesi Penunjang
                                                                    295
          Perubahan Komposisi Dewan Komisaris dan Direksi di              Supporting Institutions and/or Professions
          Tahun Buku 2025
  130                                                                     Informasi pada Situs Web Perseroan
          Changes in the Board of Commissioners and the Board of    298
          Directors Composition on 2025 Fiscal Year                       Information on the Company’s Website




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                 9
Page 10
                                                                           Perubahan Kebijakan Akuntansi yang Diterapkan
         Analisis dan
                                                                           Perseroan pada Tahun Buku Terakhir
         Pembahasan Manajemen                                        416
04 Management Discussion and Analysis
                                                                           Changes in Accounting Policies Implemented by the
                                                                           Company in the Recent Fiscal Year

                                                                           Informasi Kelangsungan Usaha
                                                                     417
                                                                           Information on Business Continuity
      Tinjauan Umum
302
      General Overview
                                                                           Tingkat Kesehatan Perusahaan
                                                                     418
                                                                           Company Soundness Level
      Tinjauan Operasi per Segmen Usaha
310
      Operations Review per Business Segment
                                                                           Komitmen dan Kontingensi
                                                                     418
                                                                           Commitments and Contingencies
      Tinjauan Keuangan
343
      Financial Overview

      Kemampuan Membayar Utang dan Tingkat Kolektibilitas
380   Piutang
      Ability to Pay Debt and Collectibility in Receivables
                                                                              Fungsi Penunjang Bisnis
382
      Struktur Modal
      Capital Structure
                                                                     05 Business Support Function
      Ikatan Material Investasi Barang Modal
384                                                                        Transformasi Berkelanjutan Jasa Marga
      Material Commitments for Capital Expenditure                   422
                                                                           Jasa Marga’s Continuous Transformation
      Investasi Barang Modal
384                                                                  426   Human Capital
      Capital Expenditure

      Pencapaian Target 2025 dan Target 2026                               Strategi Pengelolaan Human Capital
385                                                                  427
      Achievement of 2025 Targets and 2026 Targets                         Human Capital Management Strategy

      Informasi dan Fakta Material Setelah Tanggal Laporan                 Pengembangan Organisasi
                                                                     430
      Akuntan                                                              Organizational Development
386
      Information and Material Facts after the Accountant’s
      Report Date                                                          Manajemen Human Capital
                                                                     432
                                                                           Human Capital Management
      Prospek Usaha
388                                                                        Pengembangan Karyawan
      Business Prospect
                                                                     436
                                                                           Employee Development
      Aspek Pemasaran
390                                                                        Pengelolaan Kinerja
      Marketing Aspect
                                                                     441
                                                                           Performance Management
      Kebijakan dan Pembayaran Dividen
392                                                                        Kesejahteraan Karyawan
      Dividend Policy and Payments
                                                                     443
                                                                           Employee Welfare
      Program Kepemilikan Saham oleh Karyawan dan
      Manajemen (ESOP/MSOP)                                                Program Pasca Kerja
393                                                                  445
      Employee and Management Stock Ownership Program                      Post-Employment Program
      (ESOP/MSOP)
                                                                           Penghargaan kepada Karyawan
      Program Employee Stock Allocation (ESA)                        446
                                                                           Employee Recognition
394
      Employee Stock Allocation (ESA) Program
                                                                           Hubungan Industrial
      Realisasi Penggunaan Dana Hasil Penawaran Umum                 447
                                                                           Industrial Relations
395
      Realization of Use of Public Offering Proceeds
                                                                           Teknologi Informasi
      Informasi Material Mengenai Investasi, Ekspansi,               448
                                                                           Information Technology
      Divestasi, Penggabungan/Peleburan Usaha, Akuisisi,
      Restrukturisasi Utang dan Modal, Transaksi Material, dan
      Transaksi Afiliasi
398
      Material Information Regarding Investment, Expansion,
      Divestment, Merger/Consolidation, Acquisition, Debt and
      Capital Restructuring, Material Transactions, and Affiliated
      Transactions

      Informasi Transaksi dengan Pihak Berelasi atau Benturan
      Kepentingan
403
      Information on Transactions with Related Parties or
      Conflicts of Interest

      Kepatuhan Pembayaran Pajak
411
      Tax Payment Compliance

      Perubahan Peraturan Perundang-undangan terhadap
      Perseroan pada Tahun Buku Terakhir
412
      Changes to the Laws and Regulations on the Company in
      the Recent Fiscal Year




10                                                                     Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 11
                                                                           Kode Etik
                                                                     742
             Tata Kelola Perusahaan
 06
                                                                           Code of Conduct
             Corporate Governance
                                                                           Kebijakan Anti Korupsi/Anti-Fraud dan Sosialisasinya
                                                                     746
                                                                           Anti-Corruption/Anti-Fraud Policies and the Dissemination
          Penerapan Tata Kelola Perusahaan yang Baik                       Pengendalian Gratifikasi
 458                                                                 749
          Implementation of Good Corporate Governance                      Gratification Control
          Perkembangan Penerapan Tata Kelola Perusahaan yang               Kebijakan Pengadaan Barang dan Jasa
          Baik di Lingkup Perseroan Penetapan Standar Kualitas       756
                                                                           Procurement Policy
          GCG di Lingkup Perseroan
 465
          Development of Good Corporate Governance                         Laporan Harta Kekayaan Penyelenggara Negara (LHKPN)
          Implementation in the Establishment of GCG Quality         761
                                                                           State Officials’ Wealth Report (LHKPN)
          Standards in the Company
                                                                     762   Whistleblowing System
          Struktur Organ Tata Kelola Perusahaan
 490
          Corporate Governance Structure                                   Kebijakan Insider Trading
                                                                     767
                                                                           Insider Trading Policy
          Pemegang Saham dan Rapat Umum Pemegang Saham
 494
          Shareholders and General Meetings of Shareholders                Informasi tentang Pembelian Kembali Saham dan Obligasi
                                                                     768
                                                                           Information on Share and Bond Buybacks
          Dewan Komisaris
  531
          Board of Commissioners                                           Penyediaan Dana untuk Kegiatan Politik
                                                                     768
                                                                           Fund Provision for Political Activities
          Komisaris Independen
  557
          Independent Commissioner                                         Transparansi Praktik Bad Governance
                                                                     768
                                                                           Transparency of Bad Governance Practices
          Direksi
 559
          Board of Directors                                               Tata Kelola Teknologi Informasi
                                                                     769
                                                                           Information Technology Governance
          Penilaian Kinerja Dewan Komisaris dan Direksi
  581     Performance Assessment of the Board of Commissioners
          and Board of Directors

          Rapat Dewan Komisaris dan Direksi
 584
          Board of Commissioners and Board of Directors Meetings
                                                                              Tanggung Jawab Sosial
          Nominasi dan Remunerasi bagi Dewan Komisaris dan Direksi
                                                                              dan Lingkungan
  591     Nomination and Remuneration for the Board of
          Commissioners and Board of Directors                       07       Social and Environmental Responsibility

          Hubungan Dewan Komisaris dan Direksi
                                                                           Tanggung Jawab Sosial dan Lingkungan 2025
 596      Relationship between the Board of Commissioners and        776
          Board of Directors                                               Social and Environmental Responsibility 2025

          Pengungkapan Hubungan Afiliasi
  597
          Disclosure of Affiliated Relationship

          Keberagaman Komposisi Dewan Komisaris dan Direksi
 599      Board of Commissioners and Board of Directors                      Referensi POJK, SEOJK,
                                                                             dan Kriteria ARA
                                                                     08 Reference of POJK, SEOJK, and ARA Criteria
          Composition Diversity

          Organ dan Komite di bawah Dewan Komisaris
 606
          Organs and Committees under the Board of Commissioners

          Organ dan Komite di bawah Direksi                                Referensi POJK No. 29/POJK.04/2016 dan
 663                                                                       SEOJK No. 14/SEOJK.04/2021
          Organs and Committees under the Board of Directors         780
                                                                           POJK No. 29/POJK.04/2016 and SEOJK
          Kantor Akuntan Publik                                            No. 16/ SEOJK.04/2021 Reference
 704
          Public Accounting Firm
                                                                           Kriteria Annual Report Award (ARA)
          Manajemen Risiko                                           799
                                                                           Annual Report Award (ARA) Criteria
  706
          Risk Management

          Sistem Pengendalian Internal
  732
          Internal Control System

          Kebijakan Pemberian Kompensasi Jangka Panjang                       Laporan Keuangan
                                                                              Konsolidasian
                                                                     09 Consolidated Financial Statement
  735     Berbasis Kinerja
          Performance-Based Long-Term Compensation Policy

          Perkara Hukum
  735
          Legal Issues                                                     PT Jasa Marga (Persero) Tbk dan Entitas Anaknya
                                                                     824
                                                                           PT Jasa Marga (Persero) Tbk and Its Subsidiaries
          Kebijakan Pengungkapan Informasi
  740
          Information Disclosure Policy

          Komunikasi dan Akses Informasi dan Data Perseroan
          untuk Pemegang Saham dan Masyarakat
  740
          Communication and Access to Company Information and
          Data for Shareholders and the Public




PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                               11
Page 12
     Keunggulan Utama Jasa Marga
     Membangun Kinerja Unggul
     The Main Advantages of Jasa Marga Building
     Excellent Performance




          Dukungan Keuangan yang Solid                       Pengoperasian Jalan Tol Terpanjang,
              Solid Financial Support                             Inovatif dan Berkelanjutan
                                                                Operation of the Longest, Most
                                                             Innovative, and Sustainable Toll Roads
     • Didukung 13 ruas jalan tol mature yang
       optimal dan produktif.
     • Kinerja semakin kuat dari kontribusi jalan tol     • Lebih dari 48 tahun memimpin industri jalan
       baru.                                                tol Indonesia.
     • Rasio keuangan terjaga melalui manajemen           • 1.294 km jalan tol yang menghubungkan
       portofolio efektif.                                  negeri, dari barat hingga timur.
     • Relasi strategis membuka akses pendanaan           • Pelayanan prima: menghadirkan perjalanan
       kompetitif.                                          yang aman, nyaman, dan andal.
     • Supported by 13 mature toll roads that are         • More than 48 years of leadership in the
       optimal and productive.                              Indonesian toll road industry.
     • Stronger performance from the contribution         • 1,294 km of toll roads connecting the
       of new toll roads.                                   country, from west to east.
     • Financial ratios maintained through effective      • Excellent service: providing safe,
       portfolio management.                                comfortable, and reliable travel.
     • Strategic relationships open up access to
       competitive funding.




12                                                      Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 13
             Competitive Human Capital                                          Resilient Industry

      • Human capital berpengalaman & kompeten di
        industri jalan tol.                                        • Kinerja bisnis dan operasional pulih dengan
      • Produktivitas terjaga lewat peran strategis                  cepat meski menghadapi perubahan
        Jasa Marga Grup.                                             eksternal.
      • Teknologi terintegrasi: Jasa Marga                         • Tren positif ditopang oleh peningkatan
        Performance Development (JMPD) dan                           pendapatan non-konstruksi dan EBITDA
        Human Capital Information System (HCIS).                     yang konsisten tumbuh dalam 5 tahun
      • Regenerasi kepemimpinan Perseroan                            terakhir.
        ditopang oleh 78,9% milenial di level BOD-1                • Dukungan pemerintah dalam menciptakan
        dan 47,3% perempuan dalam Nominated                          iklim investasi yang kondusif melalui
        Talent, serta diperkuat melalui program                      Undang-Undang Pembebasan Lahan,
        sertifikasi, pengembangan digital talent, dan                penerapan teknologi untuk efisiensi,
        JM-Click e-learning.                                         serta komitmen pemenuhan Perjanjian
      • Mendukung terciptanya lingkungan kerja                       Pengusahaan Jalan Tol (PPJT).
        yang sehat, aman, dan nyaman untuk
        mendukung peningkatan kinerja melalui                      • Business and operational performance
        penyediaan program konseling dan daycare.                    recovered quickly despite external changes.
                                                                   • Positive trends are supported by an increase
      • Experienced and competent human capital in                   in non-construction revenue and consistent
        the toll road industry.                                      EBITDA growth over the past five years.
      • Productivity is maintained through the                     • A conducive investment climate through land
        strategic role of the Jasa Marga Group.                      acquisition laws, the application of technology
      • Integrated technology: Jasa Marga                            for efficiency, and a commitment to fulfill the
        Performance Development (JMPD) and                           Toll Road Concession Agreement (PPJT).
        Human Capital Information System (HCIS).
      • The Company’s leadership regeneration is
        supported by 78.9% millennials at the BOD-1
        level and 47.3% women in Nominated Talent,
        and is strengthened through certification
        programs, digital talent development, and
        JM-Click e-learning.
      • Supporting the creation of a healthy, safe,
        and comfortable working environment to
        enhance performance through the provision
        of counselling and daycare programmes.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                       13
Page 14
Sasaran
Strategis dan
Kinerja 2025
2025 Strategic Targets
and Performance


Strategi Komersial, Bisnis & Operasi
Commercial, Business & Operational Strategies


Bisnis Konsesi
Concession Business
Berfokus pada optimalisasi kinerja portofolio jalan tol melalui                Focusing on optimizing toll road portfolio performance through
standardisasi biaya operasi dan preservasi untuk meningkatkan                  standardization of operating and preservation costs to improve
efisiensi, serta pelaksanaan inisiatif penyehatan dan asset recycling          efficiency, as well as implementing revitalization and asset recycling
guna meningkatkan nilai dan kontribusi aset terhadap portofolio.               initiatives to increase the value and contribution of assets to the
                                                                               portfolio.


Kinerja 2025
2025 Performance



       Pendapatan tol konsolidasi                Volume lalu lintas
       Consolidated toll revenue                 Trafic Volume

       Rp18,15                                   1,31
       triliun | trillion                        miliar transaksi | billion transactions

       yaitu meningkat sebesar                   yaitu meningkat sebesar
       which increased by                        which increased by


              5,41%                                   0,35%




Bisnis Pendukung Jalan Tol (Pengoperasian dan Preservasi)
Toll Road Support Business (Operation and Preservation)
Berfokus pada ekspansi pasar dengan memanfaatkan keunggulan                    Focusing on market expansion by leveraging our strengths as a
sebagai penyedia layanan pengoperasian dan preservasi jalan tol,               provider of toll road operation and preservation services, through
melalui peralihan dari operasi berbasis tenaga kerja ke teknologi              the transition from labor-based operations to technology through
melalui digitalisasi, pengembangan solusi teknologi seperti Electronic         digitalization, the development of technological solutions such as
Toll Collection (ETC), peningkatan kualitas material dan standar               Electronic Toll Collection (ETC), improvements in material quality and
pekerjaan preservasi, serta peningkatan integrasi operasi melalui              preservation work standards, and increased operational integration
penguatan kapabilitas personel dan penyatuan sistem komunikasi.                through strengthening personnel capabilities and unifying
                                                                               communication systems.




14                                                                                   Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 15
Kinerja 2025: Bisnis Pengoperasian                                   Kinerja 2025: Bisnis Preservasi
2025 Performance: Operation Business                                 2025 Performance: Preservation Business



   Pendapatan Usaha                                                    Pendapatan Usaha
   Operating Revenue                                                   Operating Revenue


   Rp2,33                                                              Rp3,34
                               Layanan pengoperasian
   triliun | trillion          jalan tol untuk:                        triliun | trillion
                                                                                              Kontrak Preservasi Jalan Tol
                               Toll road operation services for:                              Toll Road Preservation Contract

                               36       Ruas Tol
                                        Toll Roads
                                                                                              30      Ruas Tol
                                                                                                      Toll Roads


                               1.452 km                                                       1.187 km
Bisnis Prospektif                                                    Kinerja 2025: Bisnis Prospektif
Prospective Business                                                 2025 Performance: Prospective Business

Berfokus pada peningkatan utilisasi aset non-tol guna
mendorong pertumbuhan pendapatan non-tol sekaligus
memperkuat brand image Jasa Marga.
Focusing on increasing the utilization of non-toll assets to drive
non-toll revenue growth while strengthening Jasa Marga’s
brand image.
                                                                         Pendapatan Usaha
                                                                         Operating Revenue
                                                                                                     Peresmian Travoy Hub
                                                                         Rp1,04                      Taman Mini
                                                                                                     Inauguration of Taman Mini
                                                                         triliun | trillion          Travoy Hub



                                                                         SPKLU                       27
                                                                         172
                                                                                                     Travoy Rest




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                  15
Page 16
     Strategi Inovasi & Customer                                   Kinerja 2025
     Experience                                                    2025 Performance
     Innovation & Customer
     Experience Strategy                                            • Peningkatan downloader aplikasi Travoy sebesar 48,2% dan monthly active
                                                                      user sebesar 37,1% terhadap tahun 2024.
     Berfokus pada pengembangan dan komersialisasi                  • Aplikasi Travoy dilengkapi Fitur ‘Digital Receipt’ memungkinkan pengguna
     produk serta layanan yang berorientasi pada pelanggan            mengunduh histori transaksi di jalan tol, Fitur ‘Towing’ di ruas Jagorawi,
     melalui inovasi dan kolaborasi, dengan inisiatif untuk           Cawang-Tomang-Pluit dan Sedyatmo, serta mengintegrasikan layanan
                                                                      Travoy Go dalam aplikasi Travoy.
     meningkatkan pengalaman dan keterlibatan pelanggan
                                                                    • Travoy Pay berekspansi sebagai solusi pembayaran digital terintegrasi
     melalui pemanfaatan Travoy serta berbagai inovasi layanan
                                                                      payment gateway, mendukung Point of Sales (POS), Payment Point Online
     berbasis teknologi. Selain itu, Jasa Marga memperluas kerja
                                                                      Banking (PPOB), dan “Take n Go” untuk mendukung transaksi yang lebih
     sama dengan mitra strategis dan pemangku kepentingan             cepat pada bazar makanan, UMKM, dan ritel di Jabodetabek.
     guna mempercepat pengembangan serta komersialisasi             • Layanan parkir digital Travoy Park berbasis RFID sudah digunakan di
     layanan inovatif, termasuk layanan digital yang dikelola         berbagai lokasi penting, seperti RS Brawijaya Duren Tiga, Universitas Katolik
     Anak Perusahaan dan pengembangan solusi baru yang                Parahyangan, Kantor Pusat Jasa Marga, Travoy Hub, Stasiun LRT TMII, BP
     mendukung ekosistem jalan tol.                                   BUMN, dan RS Pertamina Jaya Jakarta.
     Focusing on the development and commercialization              • A 48.2% increase in Travoy app downloads and a 37.1% increase in monthly
     of customer-oriented products and services through               active users compared to 2024.
     innovation management and collaboration, with initiatives      • The Travoy application is equipped with a “Digital Receipt” feature that allows
     to enhance customer experience and engagement                    users to download their toll road transaction history, a “Towing” feature on the
     through the use of Travoy and various technology-based           Jagorawi, Cawang-Tomang-Pluit and Sedyatmo sections, and integrates the
     service innovations. In addition, Jasa Marga is expanding        Travoy Go service into the Travoy application.
     its cooperation with strategic partners and stakeholders       • Travoy Pay is expanding as an integrated digital payment solution and payment
                                                                      gateway, supporting Point of Sales (POS), Payment Point Online Banking
     to accelerate the development and commercialization of
                                                                      (PPOB), and ‘Take n Go’ to enable faster transactions at food bazaars, MSMEs,
     innovative services, including digital services managed by
                                                                      and retail outlets across the Greater Jakarta area (Jabodetabek).
     its subsidiaries and the development of new solutions that     • Travoy Park’s RFID-based digital parking service has been implemented at
     support the toll road ecosystem.                                 various key locations, including Brawijaya Duren Tiga Hospital, Parahyangan
                                                                      Catholic University, Jasa Marga Head Office, Travoy Hub, TMII LRT Station, BP
                                                                      BUMN, and Pertamina Jaya Hospital Jakarta.




                                                                   Kinerja 2025
     Strategi
                                                                   2025 Performance
     Pengembangan Bisnis
     Business Development
     Strategy                                                       • Pengoperasian Tol Solo–Yogyakarta–NYIA Kulon Progo Paket 1.2A (Klaten–
                                                                      Prambanan) sepanjang 7,85 km menambah total panjang tol beroperasi
     Diarahkan pada transisi menuju model investasi brownfield        menjadi 1.294 km.
     dan perluasan pasar internasional, dengan fokus pada           • Penandatanganan Perjanjian Pengusahaan Jalan Tol (PPJT) ruas Bogor -
     pemutakhiran pedoman investasi melalui peningkatan               Serpong.
     kriteria kelayakan dan fungsi monitoring evaluasi, ekspansi    • The operation of the Solo–Yogyakarta–NYIA Kulon Progo Toll Road Package
     ke pasar regional, serta penerapan model bisnis berbasis         1.2A (Klaten–Prambanan) with a length of 7.85 km brings the total length of
     investasi untuk pengembangan aset brownfield.                    operational toll roads to 1,294 km.
     Directed towards the transition to a brownfield investment     • Signing of the Toll Road Concession Agreement (PPJT) for the Bogor -
     model and international market expansion, with a focus           Serpong section.
     on updating investment guidelines by improving eligibility
     criteria and monitoring and evaluation functions, expanding
     into regional markets, and implementing investment-based
     business models for brownfield asset development.




     Strategi Teknologi                                            Kinerja 2025
                                                                   2025 Performance
     Technology Strategy

     Berfokus pada pengembangan kapasitas dan infrastruktur          iRAP Star Rating                             Early Warning System
     teknologi untuk mendukung pengambilan keputusan
     berbasis data (data-driven), dengan mengimplementasikan
     data warehouse dan platform business intelligence,              5    Ruas Jalan Tol
                                                                          Toll Roads                              23       Titik
                                                                                                                           Point

     peningkatkan evolusi data analytics dari fase deskriptif


                                                                                                                               956
     menuju preskriptif, dan penyempurnaan Masterplan IT.           Smart Penerangan Jalan Umum (PJU)                                        Tiang
     Focusing on developing technological capacity and              Smart Street Lighting                                                    Poles
     infrastructure to support data-driven decision making, by
     implementing data warehouses and business intelligence
     platforms, advancing data analytics from the descriptive to
     the prescriptive phase, and refining the IT Master Plan.




16                                                                       Laporan Tahunan 2025 Annual Report         PT Jasa Marga (Persero) Tbk
Page 17
                                                                   Kinerja 2025
Strategi Finansial                                                 2025 Performance
Financial Strategy
                                                                    Weighted Average Cost of                        EBITDA Margin
                                                                    Debt (WACD) Jasa Marga Grup
Berfokus pada efisiensi biaya keuangan melalui pendanaan
alternatif dan meningkatkan pengelolaan portofolio                  Turun sebesar 0,04% dibandingkan
                                                                    tahun sebelumnya menjadi
Perseroan melalui integrated asset management.
                                                                    Decreased by 0.04% compared to the
Focusing on financial cost efficiency through alternative           previous year to
funding and improving corporate portfolio management
through integrated asset management.
                                                                    6,73%                                           67,00%
                                                                    Penerbitan PUB Obligasi Berkelanjutan
                                                                    III Tahap II Tahun 2025 sebesar
                                                                    The Issuance of Shelf-Registration
                                                                                                                          Rp1 Triliun
                                                                                                                              Trillion
                                                                    Bonds III Phase II in 2025 amounting to




Strategi                                                           Kinerja 2025
                                                                   2025 Performance
Organisasi dan SDM
Organizational and Human
Capital (HC) Strategy                                               Biaya Pengembangan                       Jumlah Peserta
                                                                    Kompetensi                               Pelatihan
Berfokus pada restrukturisasi organisasi, peningkatan
                                                                    Competency                               Total Training
kompetensi, dan pembentukan layanan bersama melalui
                                                                    Development Costs                        Participants
restrukturisasi fungsi dan manajemen SDM end-to-end,
penguatan shared service center (SSC), program upskilling
                                                                    Rp24,02 Miliar
                                                                            Billion                         16.810                 Orang
                                                                                                                                   People
berbasis kompetensi, serta internalisasi budaya kerja
berlandaskan nilai JSMR MOVE.
Focusing on organizational restructuring, competency
improvement, and the establishment of shared services
through the restructuring of end-to-end HR functions and
management, the strengthening of shared service centers
(SSCs), competency-based upskilling programs, and the
internalization of a work culture based on JSMR MOVE
values.




Strategi Enviromental,                                             Kinerja 2025
                                                                   2025 Performance
Social and Governance
(ESG)
                                                                     •    Perseroan mengintegrasikan ESG ke dalam strategi korporasi melalui
Environmental, Social, and                                                Road Map ESG 2025–2029 dan Pilar Keberlanjutan (Lingkungan,
Governance (ESG) Strategy                                                 Sosial, dan Tata Kelola) sebagai dasar pengelolaan risiko, peluang
                                                                          bisnis, dan penciptaan nilai jangka panjang.
Berfokus pada pada peningkatan penerapan inisiatif hijau             •    Jasa Marga memperoleh ESG Risk Rating Sustainalytics sebesar 10,7
                                                                          (Low Risk), mencerminkan pengelolaan risiko ESG yang baik dan
dalam operasional utama, seperti penghijauan koridor dan
                                                                          melampaui rata-rata BUMN.
penggunaan energi surya, sekaligus membuka peluang
penerbitan pendanaan hijau.                                          •    The company integrates ESG into its corporate strategy through the
Focusing on increasing the implementation of green                        2025–2029 ESG Road Map and Sustainability Pillars (Environmental,
                                                                          Social, and Governance) as the basis for managing risk, business
initiatives in key operations, such as greening corridors
                                                                          opportunities, and long-term value creation.
and using solar energy, while opening up opportunities for
                                                                     •    Jasa Marga obtained a Sustainalytics ESG Risk Rating of 10.7 (Low
green financing.
                                                                          Risk), reflecting good ESG risk management and exceeding the
                                                                          average for state-owned enterprises.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                               17
Page 18
01              Ikhtisar
                Kinerja Utama
                Main Performance Highlights


          Ikhtisar Keuangan                                          Informasi Obligasi, Sukuk, dan/atau Obligasi Konversi
     20
          Financial Highlights                                       serta Pendanaan Lainnya
                                                               32
                                                                     Information on Bonds, Sukuk and/or Converted Bonds and
          Ikhtisar Operasional                                       Other Financing
     24
          Operational Highlights
                                                                     Penghargaan dan Sertifikasi
          Informasi Harga Saham                                34
     25                                                              Awards and Certifications
          Stock Price Information
                                                                     Peristiwa Penting
          Laporan Analis Perseroan                             46
     27                                                              Highlight Events
          Company Analyst Report

          Aksi Korporasi
     31
          Corporate Action

          Informasi Penghentian Sementara Perdagangan Saham
          (Suspension) dan/atau Penghapusan Pencatatan Saham
     31
          (Delisting)
          Information on Stocks Suspension and/or Delisting




     Fondasi keuangan yang kuat, model
     bisnis yang resilient, serta fokus pada
     optimalisasi dan inovasi menjadi
     pendorong utama kinerja Jasa Marga
     dalam menciptakan nilai jangka panjang.
     A strong financial foundation, a resilient business
     model, and a focus on optimization and innovation
     are the main drivers of Jasa Marga’s performance
     in creating long-term value.


18                                                             Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 19
PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report   19
Page 20
01                                 02                           03                        04                                            05
Ikhtisar Kinerja Utama             Laporan Manajemen            Profil Perusahaan          Analisa dan Pembahasan Manajemen              Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report            Company Profile            Management Discussion and Analysis            Business Support Functions




Ikhtisar Keuangan
Financial Highlights

Tabel Historis Ikhtisar Keuangan Periode 2021-2025                                                                  (dalam miliar Rupiah, kecuali dinyatakan lain)
Table of Historical Financial Highlights for the 2021-2025 Period                                                       (in billion Rupiah, unless stated otherwise)




                           Uraian                                      2025              2024*               2023                2022                 2021
                         Description

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

 Pendapatan Usaha
                                                                           19.811             18.734             15.566               13.783               11.776
 Operating Revenues

      Pendapatan Tol
                                                                           18.153              17.222            13.948              12.444               10.786
      Toll Operating Revenues

      Pendapatan Usaha Lain
                                                                            1.658               1.512              1.618               1.339                 990
      Other Operating Revenues

 Pendapatan Konstruksi
                                                                           10.079             13.022               5.753               2.800               3.393
 Construction Revenues

 Beban Pendapatan
                                                                         (18.104)           (20.445)           (12.360)              (9.165)             (8.695)
 Cost of Revenues

 Laba Usaha
                                                                            9.646              9.508              11.322               7.383               6.720
 Profit from Operations

 EBITDA
                                                                           13.274              12.615              9.912               8.680                7.676
 EBITDA

 Laba Sebelum Pajak Penghasilan
                                                                            6.354              5.763               7.926               3.726               2.072
 Profit Before Income Tax

 Beban Pajak Penghasilan
                                                                          (1.547)               (158)             (1.177)            (1.402)              (1.201)
 Income Tax Expense

 Laba Tahun Berjalan yang Dapat Diatribusikan kepada:
 Profit for the Year Attributable to:

      Pemilik Entitas Induk
                                                                            3.660              4.533               6.794               2.747                1.615
      Owners of the Parent Entity

      Kepentingan Non Pengendali
                                                                             1.147              1.073               (44)               (423)                (744)
      Non-controlling Interest

 Total Laba (Rugi) Tahun Berjalan
                                                                            4.807              5.606               6.749               2.324                  871
 Total Profit (Loss) for the Year

 Total Penghasilan Komprehensif Tahun Berjalan yang Dapat Diatribusikan kepada:
 Total Comprehensive Income for the Year Attributable to:

      Pemilik Entitas Induk
                                                                            3.456               4.415             6.620                1.239                1.532
      Owners of the parent entity

      Kepentingan Non Pengendali
                                                                             1.147              1.053               (33)               (422)                (744)
      Non-controlling Interest

 Total Penghasilan Komprehensif Tahun Berjalan
                                                                            4.603              5.468               6.587                 818                 788
 Total Comprehensive Income for the Year

 Laba per Saham (Rupiah Penuh)
                                                                              504                625                936                  378                 222
 Earnings per Share (Full Rupiah)


*) Disajikan kembali (lihat Catatan 51) dan Direklasifikasi (lihat Catatan 52) pada Laporan Keuangan Konsolidasian PT Jasa Marga (Persero) Tbk 31 Desember 2025.
*) Restated (see Note 51) and reclassified (see Note 52) in the Consolidated Financial Statements of PT Jasa Marga (Persero) Tbk as at December 31, 2025.




20                                                                                       Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 21
06                                   07                                         08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




Tabel Historis Ikhtisar Keuangan Periode 2021-2025                                                                  (dalam miliar Rupiah, kecuali dinyatakan lain)
Table of Historical Financial Highlight for the Period of 2021-2025                                                     (in billion Rupiah, unless stated otherwise)




                           Uraian                                       2025             2024*              2023*                2022                 2021
                         Description
 Posisi Keuangan Konsolidasian
 Consolidated Statements of Financial Position

 Total Aset
                                                                         159.995             148.717            134.732               91.139             101.243
 Total Assets

 Total Liabilitas
                                                                           97.634             89.883             95.004               65.518              75.743
 Total Liabilities

 Total Ekuitas
                                                                          62.362              58.833             39.728               25.621              25.500
 Total Equity

 Belanja Modal
                                                                           13.582             15.093              12.128               7.915               5.836
 Capital Expenditure

 Investasi pada Entitas Asosiasi dan Ventura Bersama
                                                                            5.924              5.609               6.156               8.974               6.537
 Investment in Associates and Joint Ventures

 Modal Kerja Bersih
                                                                          (11.197)          (13.506)           (14.846)                  344              (1.653)
 Net Working Capital

 Arus Kas Konsolidasian
 Consolidated Cash Flows

 Arus Kas dari Aktivitas Operasi
                                                                            5.661              5.904               4.166               4.022               2.765
 Cash Flows from Operating Activities

 Arus Kas dari Aktivitas Investasi
                                                                         (13.224)            (13.401)            (8.324)             (1.640)             (3.906)
 Cash Flows from Investing Activities

 Arus Kas dari Aktivitas Pendanaan
                                                                             9.191              7.924                168                 (62)              2.992
 Cash Flows from Financing Activities

 Kenaikan Neto Kas dan Setara Kas
                                                                            1.628                427             (3.990)               2.320                1.851
 Net Increase of Cash and Cash Equivalents

 Kas dan Setara Kas pada Awal Tahun
                                                                            5.123              4.696              8.429                6.279               4.597
 Cash and Cash Equivalents at Beginning of the Year

 Kas dan Setara Kas pada Akhir Tahun
                                                                            6.751               5.123             4.439                8.429               6.279
 Cash and Cash Flows at End of Year

 Rasio Keuangan Utama (%)
 Main Financial Ratios (%)

 Rasio Laba (Rugi) terhadap Aset
                                                                               2,3                 3,1                5,0                 3,0                  1,6
 Return on Asset Ratio

 Rasio Laba (Rugi) terhadap Ekuitas
                                                                               5,9                 7,7               17,1                10,7                 6,3
 Return on Equity Ratio

 Marjin Laba (Rugi) terhadap Pendapatan Usaha
                                                                              18,5               24,2               43,6                 19,9                13,7
 Gross Margin Ratio

 Rasio Lancar
                                                                              57,9               33,4               33,3               102,8                 86,2
 Current Ratio

 Rasio Liabilitas terhadap Jumlah Ekuitas
                                                                            156,6               152,8              239,1               255,7                297,0
 Debt to Equity Ratio

 Rasio Liabilitas terhadap Jumlah Aset
                                                                              61,0               60,4               70,5                 71,9                74,8
 Debt to Asset Ratio

 EBITDA Margin                                                                67,0               67,3               63,7                63,0                 65,2


*) Disajikan kembali (lihat Catatan 51) dan Direklasifikasi (lihat Catatan 52) pada Laporan Keuangan Konsolidasian PT Jasa Marga (Persero) Tbk 31 Desember 2025.
*) Restated (see Note 51) and reclassified (see Note 52) in the Consolidated Financial Statements of PT Jasa Marga (Persero) Tbk as at December 31, 2025.




PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                                           21
Page 22
01                                   02                         03                   04                                           05
Ikhtisar Kinerja Utama               Laporan Manajemen          Profil Perusahaan     Analisa dan Pembahasan Manajemen             Fungsi Penunjang Bisnis
Main Performace Highlights           Management Report          Company Profile       Management Discussion and Analysis           Business Support Functions




Grafik Pendapatan Usaha di Luar                                                     Grafik Beban Pendapatan
Pendapatan Konstruksi 2021-2025                                                    di Luar Beban Konstruksi 2021-2025
Chart of Non-Construction                          (dalam miliar Rupiah)           Chart of Non-Construction Operating                (dalam miliar Rupiah)
Operating Revenue in 2021-2025                         (in billion Rupiah)         Cost in 2021-2025                                      (in billion Rupiah)


 19.811      18.734      15.566       13.783     11.776                            8.082       7.495       6.643          6.392     5.334




 2025        2024            2023     2022       2021                              2025       2024         2023           2022      2021




Grafik Laba Usaha 2021-2025                                                         Grafik Laba Sebelum Pajak Penghasilan 2021-2025
Chart of Profit from Operations                                                     Chart of Profit Before Income Tax in 2021-2025
in 2021-2025                                         (dalam miliar Rupiah)                                                            (dalam miliar Rupiah)
                                                         (in billion Rupiah)                                                              (in billion Rupiah)


 9.646       9.508       11.322       7.383       6.720                            6.354       5.763       7.926          3.726      2.072




 2025        2024            2023     2022        2021                             2025       2024         2023           2022       2021




Grafik Laba Tahun Berjalan yang                                                     Grafik Laba Bersih per Saham 2021-2025
dapat Diatribusikan kepada Pemilik                                                 Chart of Earnings per Share in 2021-2025
Entitas Induk 2021-2025
Chart of Profit for the Year
Attributable to Owners of the                        (dalam miliar Rupiah)                                                            (dalam miliar Rupiah)
Parent Entity in 2021-2025                               (in billion Rupiah)                                                              (in billion Rupiah)

 3.660       4.533           6.794    2.747       1.615                             504         625         936            378         223




 2025        2024            2023     2022        2021                             2025       2024         2023           2022       2021




22                                                                                  Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 23
06                                     07                                       08
Tata Kelola Perusahaan                 Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance              Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




Grafik EBITDA 2021-2025                              (dalam miliar Rupiah)             Grafik Total Aset 2021-2025                         (dalam miliar Rupiah)
Chart of EBITDA 2021-2025                               (in billion Rupiah)           Chart of Total Assets in 2021-2025                     (in billion Rupiah)



13.274      12.615       9.912         8.680        7.676                            159.995      148.717     134.732        91.139   101.243




 2025        2024        2023          2022        2021                                2025       2024         2023          2022     2021




Grafik Total Liabilitas 2021-2025                      (dalam miliar Rupiah)           Grafik Total Ekuitas 2021-2025                      (dalam miliar Rupiah)
Chart of Total Liabilities in 2021-2025                   (in billion Rupiah)         Chart of Total Equity in 2021-2025                     (in billion Rupiah)



97.634      89.883      95.004         65.518      75.743                             62.362      58.833      39.728         25.621   25.500




 2025        2024        2023          2022        2021                                2025       2024         2023          2022     2021




       Pendapatan Usaha di Luar
       Pendapatan Konstruksi Tahun 2025
       Non-Construction Operating Revenue 2025



                 5,75%
       Rp19,81 triliun | trillion




       EBITDA




                 5,22%
       Rp13,27 triliun | trillion




PT Jasa Marga (Persero) Tbk         Laporan Tahunan 2025 Annual Report                                                                                   23
Page 24
01                                   02                   03                        04                                           05
Ikhtisar Kinerja Utama               Laporan Manajemen    Profil Perusahaan          Analisa dan Pembahasan Manajemen             Fungsi Penunjang Bisnis
Main Performace Highlights           Management Report    Company Profile            Management Discussion and Analysis           Business Support Functions




Ikhtisar Operasional
Operational Highlights

Tabel Historis Ikhtisar Operasional Periode 2021-2025                                                        (dalam miliar Rupiah, kecuali dinyatakan lain)
Table of Historical Operational Highlights for the 2021-2025 Period                                              (in billion Rupiah, unless stated otherwise)




                           Uraian                                 2025              2024              2023                2022                 2021
                         Description

 Panjang Jalan Tol Beroperasi (km)
                                                                          1.294           1.286             1.264               1.260                1.246
 Total Length of Operated Toll Roads (km)

 Hak Konsesi Jalan Tol (km)
                                                                          1.736           1.736             1.736               1.906                1.603
 Toll Roads Concession Rights (km)

 Volume Lalu Lintas Transaksi (Jutaan Kendaraan)
                                                                          1.306           1.302             1.292               1.230                1.066
 Transaction Traffic Volume (million vehicles)

 Volume Lalu Lintas Transaksi Harian Rata-rata (Ribuan
 Kendaraan)
                                                                          3.579           3.567             3.538               3.370               2.922
 Average Daily Traffic Transactions Volume (thousand
 vehicles)

 Pendapatan Tol Harian Rata-rata (Jutaan Rupiah)
                                                                         57.930        46.956              37.723             34.093               29.552
 Average Daily Toll Road Revenue (million Rupiah)

 Jumlah Karyawan Konsolidasi (Orang)
                                                                          7.833           7.919             7.949               7.990                8.160
 Number of Employees (People)

 Jumlah Petugas Customer Service (Orang)
                                                                          2.768           2.356             2.776               2.726               3.490
 Number of Customer Service Officers (People)

 Pemenuhan Standar Pelayanan Minimal (SPM)
                                                                          100%            100%              100%                100%                 100%
 Minimum Standard of Services (SPM) Compliance




Panjang Jalan Tol Operasi 2021-2025                                               Hak Konsesi Jalan Tol 2021-2025
Total Length of Operated Toll Roads in 2021-2025                                  Total Roads Concession Rights in 2021-2025
                                                          (dalam km)                                                                             (dalam km)
                                                               (in km)                                                                                (in km)


 1.294       1.286           1.264    1.260       1.246                           1.736      1.736       1.736       1.906        1.603




 2025        2024            2023     2022       2021                             2025       2024        2023       2022          2021




24                                                                                 Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 25
06                                  07                                               08
Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan                 Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility                  Reference of POJK, SEOJK, and ARA Criteria




Informasi Harga Saham
Stock Price Information

Tabel Harga, Volume, dan Kapitalisasi Saham JSMR 2024-2025
Table of JSMR Stocks Price, Volume, and Market Capitalization in 2024-2025


                              Harga per Saham (Rupiah Penuh)                                    Jumlah Saham              Volume
                                                                                                                                            Kapitalisasi Pasar
                                Price per Share (Full Rupiah)                                      Beredar               Transaksi
                                                                                                                                               (Rp triliun)
   Periode                                                                                        (lembar)               (lembar)
                                                                                                                                                 Market
   Periode         Pembukaan              Tertinggi      Terendah           Penutupan            Total Shares           Transaction
                                                                                                                                              Capitalization
                    Opening                Highest        Lowest              Closing            Outstanding               Volume
                                                                                                                                               (Rp trillion)
                                                                                                   (Shares)               (Shares)

 2025

 Triwulan I
                        4.340               4.590             3.560               3.980           7.257.871.200         223.468.800                   28,9
 1st Quarter

 Triwulan II
                        3.590               4.630             3.480               3.650           7.257.871.200           311.292.100                 26,5
 2nd Quarter

 Triwulan III
                        3.620               3.750             3.200               3.480           7.257.871.200          381.654.600                  25,3
 3rd Quarter

 Triwulan IV
                        3.450               4.180             3.330               3.410           7.257.871.200         420.529.000                   24,7
 4th Quarter

 2024

 Triwulan I
                        4.870               5.700             4.610               5.550           7.257.871.200         442.460.000                   40,3
 1st Quarter

 Triwulan II
                        5.600               5.700             4.630               4.980           7.257.871.200         289.853.400                   36,1
 2nd Quarter

 Triwulan III
                        4.980               5.600             4.770               4.930           7.257.871.200         459.895.900                   35,8
 3rd Quarter

 Triwulan IV
                        4.960               4.990             3.940               4.330           7.257.871.200         260.305.900                   31,4
 4th Quarter




                                Grafik Pergerakan Harga dan Volume Saham JSMR Tahun 2024-2025
                                   JSMR Stocks Price and Volume Movement Chart in 2024-2025

                                                                                                                                                             5.500




                                                                                                                                                             5.000




                                                                                                                                                             4.500




                                                                                                                                                             4.000




                                                                                                                                                             3.500
                                                                                                                                                             3.410



                                                                                                                                                             0
                                                                                                                                                             40M



                                                                                                                                                             20M
                                                                                                                                                             9,532M

                                                                                                                                                             0
      Jan   Feb   Mar   Apr   May   Jun     Jul   Aug   Sep   Oct     Nov   Dec    Jan    Feb   Mar   Apr   May   Jun   Jul   Aug   Sep   Oct   Nov   Dec

                                      2024                                                                         2025




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                                                   25
Page 26
01                             02                            03                           04                                       05
Ikhtisar Kinerja Utama         Laporan Manajemen             Profil Perusahaan             Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights     Management Report             Company Profile               Management Discussion and Analysis       Business Support Functions




Pergerakan Harga Penutupan Saham Triwulanan Tahun 2024-2025
                                                                                                                                            (dalam Rp Penuh)
Quarterly Closing Stock Price Movements in 2024-2025                                                                                  (in Full Amount Rupiah)



   6.000           5.550
                                                      4.980                                               4.930
   5.000
                                                                                                                                              4.330

   4.000
                   3.980
   3.000                                              3.650
                                                                                                          3.480
                                                                                                                                              3.410
   2.000

   1.000

       0

                 Triwulan I                        Triwulan II                                        Triwulan III                          Triwulan IV
                 1st Quarter                       2nd Quarter                                        3rd Quarter                           4th Quarter



                                                                           2024    2025




Pergerakan Volume Saham Triwulanan Tahun 2024-2025
                                                                                                                                    (dalam jutaan transaksi)
Quarterly Stock Volume Movement in 2024-2025                                                                                       (in millions of transaction)


     500
                                                                                                         459,9
                   442,5
     450                                                                                                                                         420,5

     400                                                                                                 381,7

     350
                                                     311,3
     300
                                                                                                                                                   260,3
                                                     289,9
     250           223,5

     200

     150

     100

      50

       0

                 Triwulan I                        Triwulan II                                        Triwulan III                            Triwulan IV
                 1st Quarter                       2nd Quarter                                        3rd Quarter                             4th Quarter



                                                                            2024   2025




Kapitalisasi Pasar Saham Tahun 2024-2025
                                                                                                                                            (dalam Rp triliun)
Quarterly Stock Market Capitalization in 2024-2025                                                                                          (in trillion Rupiah)


      50

      45
                   40,3
      40
                                                      36,1                                              35,8
      35
                                                                                                                                                 31,4
      30
                   28,9
      25
                                                      26,5
                                                                                                       25,3                                       24,7
      20

      15

      10

       5

       0

                 Triwulan I                        Triwulan II                                        Triwulan III                            Triwulan IV
                 1st Quarter                       2nd Quarter                                        3rd Quarter                             4th Quarter


                                                                           2024    2025




26                                                                                    Laporan Tahunan 2025 Annual Report       PT Jasa Marga (Persero) Tbk
Page 27
06                                 07                                         08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




Laporan Analis Perseroan
Company Analyst Report

Tabel Hasil Laporan Analis terhadap Perseroan Tahun 2025
Table of Analyst Report Results for the Company in 2025
                                                                      Target
                            Sekuritas -                               Harga
          Tanggal             Analis        Rekomendasi                (Rp)                                      Ringkasan
 No.
           Date              Security -    Recommendation             Target                                      Summary
                              Analyst                                  Price
                                                                       (Rp)
                                                                                  Jasa Marga mencatat laba inti 4Q24 yang lebih tinggi sebesar
                                                                                  +36%, didorong oleh pertumbuhan pendapatan tol sebesar +23%
                                                                                  YoY, meskipun pertumbuhan lalu lintas secara keseluruhan relatif
                                                                                  stagnan dengan +0,8% YoY. Kontribusi pendapatan dari ruas tol
                                                                                  baru menunjukkan peningkatan terhadap total pendapatan tol,
                                                                                  yaitu sebesar 48,95% pada tahun 2024 dibandingkan tahun 2023
                                                                                  sebesar 46,88%. Dari sisi biaya utang, tercatat kenaikan sebesar
                                                                                  8 basis poin YoY, namun Perseroan berhasil menurunkan beban
                                                                                  keuangan sebesar -13,4% QoQ. Perseroan juga meningkatkan
        5 Maret                                                                   Interest Coverage Ratio secara YoY menjadi 3,13% yang mana
        2025            UBS - Joshua                                              pencapaian ini didukung oleh equity financing dari PT Jasamarga
  1.                                                Buy               6.450
        March 5,        Tanja                                                     Transjawa Tol (JTT).
        2025                                                                      Jasa Marga recorded a higher core profit of +36% in 4Q24, driven
                                                                                  by toll revenue growth of +23% YoY, despite relatively stagnant
                                                                                  overall traffic growth of +0.8% YoY. The contribution of revenue
                                                                                  from new toll road sections increased total toll revenue by 48.95%
                                                                                  in 2024, compared to 46.88% in 2023. In terms of debt costs,
                                                                                  there was an increase of 8 basis points YoY, but the Company
                                                                                  managed to reduce its financial expenses by -13.4% QoQ. The
                                                                                  Company also improved its Interest Coverage Ratio YoY to 3.13%,
                                                                                  supported by equity financing from PT Jasamarga Transjawa Tol
                                                                                  (JTT).

                                                                                  Perseroan mencatatkan kinerja solid pada FY24, dengan
                                                                                  pertumbuhan pendapatan dan EBITDA masing-masing sebesar
                                                                                  +26% dan +36% YoY. Pertumbuhan pendapatan didorong oleh
                                                                                  penyesuaian tarif pada ruas tol baru serta rekonsolidasi tiga
                                                                                  ruas tol di tengah pertumbuhan lalu lintas yang relatif moderat.
                                                                                  Perseroan juga menunjukkan struktur keuangan yang secara
                                                                                  signifikan lebih baik, dengan rasio Net Debt to Equity dan
                                                                                  Net Debt to EBITDA turun menjadi 0,9x dan 4,3x di FY24 dari
                                                                                  puncaknya pada di masa COVID-19. Hal ini di dukung oleh aksi
        6 Maret
                        Macquarie                                                 korporasi seperti divestasi ~30% saham JTT yang menghasilkan
        2025
  2.                    Sekuritas –                 Buy               5.500       dana sebesar Rp15 triliun.
        March 6,
                        Indra Cahya                                               The Company posted solid performance in FY24, with revenue and
        2025
                                                                                  EBITDA growth of +26% and +36% YoY, respectively. Revenue
                                                                                  growth was driven by tariff adjustments on new toll roads and the
                                                                                  reconsolidation of three toll roads amid relatively moderate traffic
                                                                                  growth. The Company also showed a significantly improved
                                                                                  financial structure, with Net Debt to Equity and Net Debt to
                                                                                  EBITDA ratios falling to 0.9x and 4.3x, respectively, in FY24, from
                                                                                  their COVID-19 peak levels. This was supported by corporate
                                                                                  actions, including the divestment of ~30% of JTT shares, which
                                                                                  raised Rp15 trillion in funds.




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                               27
Page 28
01                                  02                        03                     04                                         05
Ikhtisar Kinerja Utama              Laporan Manajemen         Profil Perusahaan       Analisa dan Pembahasan Manajemen           Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report         Company Profile         Management Discussion and Analysis         Business Support Functions




Tabel Hasil Laporan Analis terhadap Perseroan Tahun 2025
Table of Analyst Report Results for the Company in 2025
                                                                      Target
                             Sekuritas -                              Harga
           Tanggal             Analis         Rekomendasi              (Rp)                                  Ringkasan
 No.
            Date              Security -     Recommendation           Target                                  Summary
                               Analyst                                 Price
                                                                       (Rp)
                                                                                 Sepanjang tahun 2024 laba inti Jasa Marga tumbuh 36% YoY,
                                                                                 didorong oleh kenaikan tarif dan efisiensi biaya operasional.
                                                                                 Pendapatan tol meningkat stabil seiring penyesuaian tarif rata-
                                                                                 rata 9,6% per tahun. Perseroan juga tengah mengembangkan
                                                                                 lima proyek tol baru di pulau Jawa sepanjang 443 km untuk
                                                                                 memperkuat sumber pertumbuhan jangka panjang. Laba inti 2025
         11 Maret            Sucor                                               diproyeksikan naik 5%, dengan potensi percepatan pada 2026
         2025                Sekuritas –                                         seiring kontribusi proyek baru dan penurunan biaya bunga.
   3.                                                   Buy            7.000
         March 11,           Christofer                                          Throughout 2024, Jasa Marga’s core profit grew 36% YoY, driven
         2025                Kojongian                                           by tariff increases and operational cost efficiencies. Toll revenue
                                                                                 increased steadily in line with an average tariff adjustment of
                                                                                 9.6% per annum. The Company is also developing five new toll
                                                                                 road projects in Java spanning 443 km to strengthen its long-term
                                                                                 growth sources. Core profit in 2025 is projected to increase by
                                                                                 5%, with the potential for acceleration in 2026 as new projects
                                                                                 contribute and interest costs decline.

                                                                                 Jasa Marga menunjukkan kinerja kuat dengan estimasi laba
                                                                                 bersih 1Q25 sebesar Rp919 miliar, naik +57% YoY, didukung
                                                                                 oleh peningkatan volume lalu lintas, pendapatan tol stabil,
                                                                                 dan penurunan biaya operasional yang mendorong EBITDA
                                                                                 diproyeksikan mencapai Rp3,4 triliun. Perseroan fokus untuk
                                                                                 menyelesaikan lima proyek jalan tol utama dengan capex sebesar
                                                                                 Rp10 triliun per tahun. Dengan capex yang stabil dan suku
         24 April            Maybank
                                                                                 bunga yang terkendali, kami mengekspektasikan peningkatan
         2025                Sekuritas –
   4.                                                   Buy            6.000     pembayaran dividen untuk FY25/26E.
         April 24,           Etta Rusdiana
                                                                                 Jasa Marga showed strong performance with estimated net profit
         2025                Putra
                                                                                 of Rp919 billion in 1Q25, up +57% YoY, supported by increased
                                                                                 traffic volume, stable toll revenue, and lower operating costs,
                                                                                 which boosted EBITDA to a projected Rp3.4 trillion with an EBITDA
                                                                                 margin of 70%. The company is focused on completing five major
                                                                                 toll road projects with fixed capital expenditure of IDR 10 trillion
                                                                                 per year. With aggressive expansion and controlled interest rates,
                                                                                 we expect an increase in dividend payments.

                                                                                 Laba bersih Jasa Marga pada 1Q25 menunjukkan hasil yang
                                                                                 sejalan dengan ekspekstasi yaitu Rp927,5 miliar (+49,5% YoY,
                                                                                 -32,9% QoQ), didukung oleh peningkatan pendapatan tol seiring
                                                                                 penyesuaian tarif dan rekonsolidasi ruas tol Gempol-Pandaan.
                                                                                 Penurunan QoQ mencerminkan efek musiman dari basis tinggi
                                                                                 di 4Q24. Meskipun cost of revenue naik karena kenaikan gaji
                                                                                 dan tunjangan Lebaran, efisiensi biaya umum dan administrasi
                                                                                 (BUA) serta penurunan beban keuangan serta pajak mendorong
                                                                                 profitabilitas. Pertumbuhan pendapatan tol diperkirakan tetap
                                                                                 kuat melalui pengoperasian ruas tol baru serta penyesuaian tarif
                                                                                 tambahan. Laba bersih tahun penuh diperkirakan mencapai Rp3,5
                             Ciptadana                                           triliun di 2025 dan Rp3,8 triliun di 2026, dengan potensi tambahan
                             Sekuritas                                           dari strategi asset recycling meski belum dimasukkan ke dalam
         2 Mei 2025
   5.                        - Richard                  Buy            5.300     proyeksi saat ini.
         May 2, 2025
                             Jonathan                                            Jasa Marga’s net profit in 1Q25 was in line with expectations at IDR
                             Halim                                               927.5 billion (+49.5% YoY, -32.9% QoQ), supported by increased
                                                                                 toll revenue following tariff adjustments and the reconsolidation of
                                                                                 the Gempol-Pandaan toll road section. The QoQ decline reflects
                                                                                 seasonal effects from a high base in 4Q24. Although revenue
                                                                                 costs rose due to salary increases and Lebaran allowances, G&A
                                                                                 cost efficiency and lower financial expenses and taxes drove
                                                                                 profitability. Toll revenue growth is expected to remain strong
                                                                                 through the operation of new toll road sections and additional
                                                                                 tariff adjustments. Full-year net profit is projected to reach Rp3.5
                                                                                 trillion in 2025 and Rp3.8 trillion in 2026, with additional potential
                                                                                 from the asset recycling strategy, although this has not been
                                                                                 included in the current projections.




28                                                                                  Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
Page 29
06                                 07                                         08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




Tabel Hasil Laporan Analis terhadap Perseroan Tahun 2025
Table of Analyst Report Results for the Company in 2025
                                                                      Target
                            Sekuritas -                               Harga
          Tanggal             Analis        Rekomendasi                (Rp)                                      Ringkasan
 No.
           Date              Security -    Recommendation             Target                                      Summary
                              Analyst                                  Price
                                                                       (Rp)
                                                                                  Jasa Marga mencatat kinerja stabil pada 2Q25, dengan pendapatan
                                                                                  yang stabil secara kuartalan meskipun diberlakukannya diskon
                                                                                  tarif 20% di 12 ruas tol selama periode libur panjang Juni-Juli.
                                                                                  Dampak diskon tarif terhadap pendapatan bersifat netral,
                                                                                  didukung oleh pergeseran volume lalu lintas dari tol dalam kota
                                                                                  ke tol antar daerah. Ke depan, prospek kinerja Perseroan tetap
                                                                                  positif seiring dengan berjalannya program penyesuaian tarif
                                                                                  pada 16 ruas tol di tahun 2025. Hingga 2Q25, lima ruas telah
                                                                                  mengalami kenaikan tarif, termasuk ruas Pandaan-Malang
                                                                                  dengan kenaikan +7% yang melampaui inflasi kumulatif wilayah
                                                                                  terkait. Penyesuaian tarif untuk ruas Cipularang dan Padaleunyi
                                                                                  dijadwalkan pada 3Q25, sementara delapan ruas lainnya akan
                                                                                  disesuaikan pada 4Q25. Seluruh penyesuaian diperkirakan
                        Yuanta                                                    berjalan sesuai jadwal, mendukung pertumbuhan pendapatan
        7 Juli 2025     Sekuritas                                                 berkelanjutan ke depan.
  6.                                                Buy               5.330
        July 7, 2025    – Chandra                                                 Jasa Marga recorded stable performance in 2Q25, with
                        Pasaribu                                                  quarterly revenue remaining stable despite the implementation
                                                                                  of a 20% toll discount on 12 toll roads during the long holiday
                                                                                  period in June-July. The impact of the toll discount on revenue
                                                                                  was neutral, supported by a shift in traffic volume from inner-
                                                                                  city toll roads to inter-regional toll roads. Looking ahead, the
                                                                                  Company’s performance outlook remains positive as the toll rate
                                                                                  adjustment program on 16 toll roads in 2025 progresses. As of
                                                                                  2Q25, five toll roads have experienced rate increases, including
                                                                                  the Pandaan-Malang toll road with a +7% increase that exceeded
                                                                                  the cumulative inflation of the relevant region. Tariff adjustments
                                                                                  for the Cipularang and Padaleunyi sections are scheduled for
                                                                                  3Q25, while the other eight sections will be adjusted in 4Q25. All
                                                                                  adjustments are expected to proceed as scheduled, supporting
                                                                                  sustainable revenue growth going forward.

                                                                                  Jasa Marga membukukan laba bersih sebesar Rp1,9 triliun pada
                                                                                  periode 1H25, sejalan dengan konsensus Bloomberg, didukung
                                                                                  oleh efisiensi beban bunga dan peningkatan EBITDA margin
                                                                                  menjadi 68,4%. Perseroan menurunkan guidance pertumbuhan
                                                                                  pendapatan tol dan EBITDA FY25F masing-masing menjadi
                                                                                  4-6%, seiring dengan pelemahan kondisi makro. Jasa Marga juga
                                                                                  akan mengkonsolidasikan ruas tol Jogja–Solo setelah mencapai
                                                                                  kesepakatan dengan Adhi Karya pada Juli 2025. Rekomendasi
        29 Juli 2025    CGS
                                                                                  buy tetap dipertahankan berkat valuasi yang menarik di 0,7x P/BV
  7.    July 29,        International –             Buy               4.900
                                                                                  dan prospek arus kas yang kuat.
        2025            Bob Setiadi
                                                                                  Jasa Marga posted a net profit of IDR 1.9 trillion in 1H25, in line with
                                                                                  Bloomberg consensus, supported by interest expense efficiency
                                                                                  and an increase in EBITDA margin to 68.4%. The company lowered
                                                                                  its toll revenue and EBITDA FY25F will each be 4-6%, in line with
                                                                                  weakening macro conditions. Jasa Marga will also consolidate the
                                                                                  Jogja–Solo toll road section after reaching an agreement with Adhi
                                                                                  Karya in July 2025. The buy recommendation is maintained due to
                                                                                  attractive valuation at 0.7x P/BV and strong cash flow prospects.




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                                   29
Page 30
01                                 02                        03                     04                                       05
Ikhtisar Kinerja Utama             Laporan Manajemen         Profil Perusahaan       Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report         Company Profile         Management Discussion and Analysis       Business Support Functions




Tabel Hasil Laporan Analis terhadap Perseroan Tahun 2025
Table of Analyst Report Results for the Company in 2025
                                                                     Target
                             Sekuritas -                             Harga
           Tanggal             Analis         Rekomendasi             (Rp)                                  Ringkasan
 No.
            Date              Security -     Recommendation          Target                                  Summary
                               Analyst                                Price
                                                                      (Rp)
                                                                                Pada semester pertama tahun 2025, Jasa Marga mencatat
                                                                                kinerja operasional yang solid dengan total pendapatan sebesar
                                                                                Rp12,9 triliun, sedikit menurun 1% secara tahunan. Pendapatan
                                                                                dari segmen jalan tol tumbuh 5% YoY, didorong oleh peningkatan
                                                                                volume lalu lintas dan ekspansi jaringan. Meskipun laba bersih
                                                                                turun 19% YoY akibat tekanan non-operasional, efisiensi
                                                                                Perseroan meningkat tercermin dari peningkatan operational
         5 Agustus           Kiwoom                                             margin. Interest coverage ratio juga membaik, meskipun leverage
         2025                Sekuritas                                          menunjukkan peningkatan yang perlu diantisipasi.
   8.                                                  Buy            5.500
         August 5,           – Sukarno                                          In the first half of 2025, Jasa Marga posted solid operating
         2025                Alattas                                            performance with total revenue of Rp12.9 trillion, down slightly
                                                                                by 1% year-on-year. Revenue from the toll road segment grew
                                                                                5% YoY, driven by increased traffic volume and network
                                                                                expansion. Although net profit fell 19% YoY due to non-operating
                                                                                pressures, the company’s efficiency improved, as reflected in an
                                                                                increase in operational margin. The interest coverage ratio also
                                                                                improved, although leverage showed an increase that needs to
                                                                                be anticipated.

                                                                                Pendapatan Jasa Marga FY25F diperkirakan tumbuh sebesar
                                                                                4–6% dengan total lalu lintas konsolidasian cenderung stabil
                                                                                (+0,1% YoY), didukung oleh peningkatan pada ruas tol baru sebesar
                                                                                +2,8% YoY. Kami memproyeksikan pertumbuhan pendapatan
                                                                                Jasa Marga sebesar 6,5% YoY atau lebih optimis dibandingkan
                                                                                guidance Perseroan. Hal ini didorong oleh pertumbuhan di ruas
                                                                                Transjawa serta dampak penuh dari penyesuaian tarif tol tahun
                                                                                sebelumnya. Sebagai catatan, beberapa di antaranya merupakan
                                                                                penyesuaian tarif khusus seperti ruas Jakarta-Cikampek pada
                                                                                Maret 2024 sebesar 35%. Hingga 2027, Perseroan menargetkan
                                                                                penyelesaian 4 ruas tol utama dengan total capex sekitar Rp28
         22 Oktober
                             BCA Sekuritas                                      triliun, sehingga kebutuhan capex tahunan Rp8–10 triliun masih
         2025
   9.                        – Ryan                    Buy            5.700     dapat dipenuhi dari EBITDA internal sebesar Rp13,8 triliun.
         October 22,
                             Santoso                                            Jasa Marga’s FY25F revenue is expected to grow by 4–6% with
         2025
                                                                                total consolidated traffic remaining flat (+0.1% YoY), supported by
                                                                                a +2.8% YoY increase in new toll road sections. We project Jasa
                                                                                Marga’s revenue to grow by 6.5% YoY, which is more optimistic
                                                                                than the Company’s guidance. This is driven by growth in the
                                                                                Transjawa section and the full impact of the previous year’s toll
                                                                                rate adjustments. For the record, some of these are special tariff
                                                                                adjustments, such as the Jakarta-Cikampek section in March
                                                                                2024 by 35%. Until 2027, the Company targets the completion
                                                                                of 4 major toll road sections with a total capex of around Rp28
                                                                                trillion, so that the annual capex requirement of IDR 8–10 trillion
                                                                                can still be met from internal EBITDA of Rp13.8 trillion.




30                                                                                 Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 31
06                                 07                                          08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan            Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility             Reference of POJK, SEOJK, and ARA Criteria




Tabel Hasil Laporan Analis terhadap Perseroan Tahun 2025
Table of Analyst Report Results for the Company in 2025
                                                                      Target
                            Sekuritas -                               Harga
          Tanggal             Analis        Rekomendasi                (Rp)                                       Ringkasan
 No.
           Date              Security -    Recommendation             Target                                       Summary
                              Analyst                                  Price
                                                                       (Rp)
                                                                                   Saham JSMR mencatatkan kinerja lebih rendah 30% dibandingkan
                                                                                   IHSG secara year-to-date, seiring terjadinya penurunan valuasi
                                                                                   (de-rating) akibat kekhawatiran pasar terhadap potensi
                                                                                   pengalihan aset jalan tol dari BUMN karya di bawah pengelolaan
                                                                                   Danantara. Saat ini, saham JSMR diperdagangkan pada valuasi
                                                                                   historis rendah, yang mana nilai ini menawarkan profil risk/
                                                                                   reward yang menarik. Kami menilai ekspektasi pasar terhadap
                                                                                   probabilitas transfer aset (>50%) cenderung berlebihan. Analisis
                        J.P.Morgan                                                 ini didukung oleh tren re-rating BUMN serta fokus manajemen
        17 November
                        Sekuritas                                                  Danantara pada peningkatan ROE di seluruh portofolio BUMN.
        2025
  10.                   Indonesia                   Buy                5.175       JSMR shares have underperformed the IDX Composite (IHSG) by
        November
                        - Arnanto                                                  30% year-to-date, following a decline in valuation (de-rating) due
        17, 2025
                        Januri                                                     to market concerns over the potential transfer of toll road assets
                                                                                   from state-owned construction companies (BUMN Karya) under
                                                                                   Danantara’s management. Currently, JSMR shares are trading
                                                                                   at historically low valuations, which present an attractive risk/
                                                                                   reward profile. We believe the market’s expectations regarding
                                                                                   the probability of asset transfer (>50%) are likely overstated.
                                                                                   This view is supported by the re-rating trend among BUMNs and
                                                                                   Danantara management’s focus on improving ROE across the
                                                                                   entire BUMN portfolio.




Aksi Korporasi
Corporate Action
Sampai dengan 31 Desember 2025, Perseroan tidak                                  Until December 31, 2025, the Company did not conduct any
melakukan aksi korporasi yang mengakibatkan terjadinya                           corporate actions that resulted in changes to the stock split
perubahan rasio pemecahan saham (stock split),                                   ratio, reverse stock, stock dividend, bonus stock distribution,
penggabungan saham (reverse stock), pembagian dividen                            increase in the number or price of outstanding shares, or
saham dan saham bonus, penambahan jumlah dan harga                               changes to the nominal value of the Company’s shares.
saham beredar, serta perubahan nilai nominal saham
Perseroan.




Informasi Penghentian Sementara
Perdagangan Saham (Suspension) dan/atau
Penghapusan Pencatatan Saham (Delisting)
Information on Stocks Suspension and/or Delisting
Selama tahun 2025, PT Jasa Marga (Persero) Tbk                                   In 2025, PT Jasa Marga (Persero) Tbk was never subject
tidak pernah dikenakan sanksi penghentian sementara                              to sanctions, including a temporary suspension of stock
perdagangan saham (suspension) dan/atau penghapusan                              trading and/or delisting.
pencatatan saham (delisting).




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                               31
Page 32
01                                  02                            03                       04                                            05
Ikhtisar Kinerja Utama              Laporan Manajemen             Profil Perusahaan         Analisa dan Pembahasan Manajemen              Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report             Company Profile           Management Discussion and Analysis            Business Support Functions




Informasi Obligasi, Sukuk, dan/atau
Obligasi Konversi serta Pendanaan Lainnya
Information on Bonds, Sukuk, and/or Converted Bonds,
and other Financing

Informasi Obligasi
Information on Bonds

Tabel Obligasi PT Jasa Marga (Persero) Tbk Tahun 2025
Table of Bonds of PT Jasa Marga (Persero) Tbk in 2025
                                                                        Jumlah                                                        Peringkat
                                                                       Obligasi/                   Tingkat                             Rating
                                                                                      Tanggal
                              Tanggal        Tenor                      Sukuk                       Suku          Status
                                                            Mata                       Jatuh                                                              Wali
            Uraian           Penerbitan     (Tahun)                      (Juta)                     Bunga      Pembayaran
 No.                                                        Uang                      Tempo                                                              Amanat
          Description         Issuance       Tenor                        Total                      (%)         Payment
                                                           Currecny                   Maturity                                    2025        2024       Trustee
                                Data         (Year)                     Bonds/                     Interest       Status
                                                                                        Date
                                                                         Sukuk                     Rate(%)
                                                                       (Million)
  1.   Obligasi I Marga      8 November    Seri A: 3         Rp        Seri A:       Seri A:       Seri A:     Seri A, B, C:     idAAA       idAAA       PT Bank
       Lingkar Jakarta       2017          Series A: 3                 Series A:     Series A:     Series A:   A, B, C Series:   (sf) oleh   (sf) oleh   Mega
       Tahun 2017            November                                  200.000       8 November    7,45%       Lunas             | by        | by        Tbk
       Bonds I Marga         8, 2017       Seri B: 5                                 | November                Paid Off          Pefindo     Pefindo
       Lingkar Jakarta                     Series B: 5                 Seri B:       8, 2020       Seri B:
       Year 2017                                                       Series B:                   Series B:   Seri D, E:
                                           Seri C: 7                   217.000       Seri B:       7,75%       D, E Series:
                                           Series C: 7                               Series B:                 Belum Lunas
                                                                       Seri C:       8 November    Seri C:     Not Paid Off
                                           Seri D: 10                  Series C:     | November    Series C:
                                           Series D: 10                299.000       8, 2022       8,30%

                                           Seri E: 12                  Seri D:       Seri C:       Seri D:
                                           Series E : 12               Series D:     Series C:     Series D:
                                                                       320.000       8 November    8,70%
                                                                                     | November
                                                                       Seri E:       8, 2024       Seri E:
                                                                       Series E:                   Series E:
                                                                       464.000       Seri D:       8,85%
                                                                                     Series D:
                                                                                     8 November
                                                                                     | November
                                                                                     8, 2027

                                                                                     Seri E:
                                                                                     Series E:
                                                                                     8 November
                                                                                     | November
                                                                                     8, 2029

  2.   Obligasi              8 September   Seri A: 3         Rp        Seri A:       Seri A:       Seri A:     Seri A, B:        idAAA       idAAA       PT Bank
       Berkelanjutan         2020          Series A: 3                 Series A:     Series A:     Series A:   A, B Series:      (sf) oleh   (sf) oleh   Mega
       II Jasa Marga         September                                 1.100.350     8 September   7,90%       Lunas             | by        | by        Tbk
       Tahap I Tahun         8, 2020       Seri B: 5                                 | September               Paid Off          Pefindo     Pefindo
       2020                                Series B: 5                 Seri B:       8, 2023       Seri B:
       Shelf-                                                          Series B:                   Series B:   Seri C, D :
       Registration                        Seri C: 7                   286.000       Seri B:       8,25%       C, D Series:
       Bonds II Jasa                       Series C: 7                               Series B:                 Belum Lunas
       Marga Phase I                                                   Seri C:       8 September   Seri C:     Not Paid Off
       Year 2020                           Seri D: 10                  Series C:     | September   Series C:
                                           Series D: 10                90.050        8, 2025       8,60%

                                                                       Seri D:       Seri C:       Seri D:
                                                                       Series D:     Series C:     Series D:
                                                                       523.600       8 September   9,00%
                                                                                     | September
                                                                                     8, 2027

                                                                                     Seri D:
                                                                                     Series D:
                                                                                     8 September
                                                                                     | September
                                                                                     8, 2030




32                                                                                        Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 33
06                                07                                         08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




Tabel Obligasi PT Jasa Marga (Persero) Tbk Tahun 2025
Table of Bonds of PT Jasa Marga (Persero) Tbk in 2025
                                                                  Jumlah                                                          Peringkat
                                                                 Obligasi/                     Tingkat                             Rating
                                                                                Tanggal
                         Tanggal         Tenor                    Sukuk                         Suku          Status
                                                       Mata                      Jatuh                                                                Wali
           Uraian       Penerbitan      (Tahun)                    (Juta)                       Bunga      Pembayaran
 No.                                                   Uang                     Tempo                                                                Amanat
         Description     Issuance        Tenor                      Total                        (%)         Payment
                                                      Currecny                  Maturity                                      2025           2024    Trustee
                           Data          (Year)                   Bonds/                       Interest       Status
                                                                                  Date
                                                                   Sukuk                       Rate(%)
                                                                 (Million)
  3.   Obligasi         5 Juli 2024    Seri A: 3        Rp       Seri A:      Seri A:         Seri A:      Seri A, B, C:     idAA        idAA        PT Bank
       Berkelanjutan    July 5, 2024   Series A: 3               Series A:    Series A:       Series A:    A, B, C Series:   oleh | by   oleh | by   Mega
       III Jasa Marga                                            90.155       5 Juli | July   6,90%        Belum Lunas       Pefindo     Pefindo     Tbk
       Tahap I Tahun                   Seri B: 5                              5, 2027                      Not Paid Off
       2024                            Series B: 5               Seri B:                      Seri B:
       Shelf-                                                    Series B:    Seri B:         Series B:
       Registration                    Seri C: 10                241.055      Series B:       7,00%
       Bonds III Jasa                  Series C: 10                           5 Juli | July
       Marga Phase I                                             Seri C:      5, 2029         Seri C:
       Year 2024                                                 Series C:                    Series C:
                                                                 601.140      Seri C:         7,20%
                                                                              Series C:
                                                                              5 Juli | July
                                                                              5, 2034

  4.   Obligasi         4              Seri A: 3        Rp       Seri A:      Seri A:         Seri A:      Seri A, B, C:     idAA        -           PT Bank
       Berkelanjutan    September      Series A: 3               Series A:    Series A:       Series A:    A, B, C Series:   oleh | by               Mega
       III Jasa Marga   2025                                     120.000      4 September     6,40%        Belum Lunas       Pefindo                 Tbk
       Tahap II Tahun   September      Seri B: 5                              | September                  Not Paid Off
       2025             4, 2025        Series B: 5               Seri B:      4, 2028         Seri B:
       Shelf-                                                    Series B:                    Series B:
       Registration                    Seri C: 10                100.000      Seri B:         6,60%
       Bonds III Jasa                  Series C: 10                           Series B:
       Marga Phase II                                            Seri C:      4 September     Seri C:
       Year 2025                                                 Series C:    | September     Series C:
                                                                 780.000      4, 2030         7,15%

                                                                              Seri C:
                                                                              Series C:
                                                                              4 September
                                                                              | September
                                                                              4, 2035



Informasi Sukuk                                                                Information on Sukuk
Sampai dengan 31 Desember 2025, Jasa Marga tidak                               Until December 31, 2025, Jasa Marga has not issued
menerbitkan sukuk. Dengan demikian, Perseroan tidak                            any Sukuk. Therefore, the Company has no information
memiliki informasi mengenai sukuk.                                             regarding Sukuk.


Informasi Obligasi Konversi                                                    Information on Converted Bonds
Sampai dengan 31 Desember 2025, Jasa Marga tidak                               Until December 31, 2025, Jasa Marga has not issued
menerbitkan obligasi konversi. Dengan demikian, Perseroan                      any convertible bonds. Therefore, the Company has no
tidak memiliki informasi mengenai obligasi konversi.                           information regarding convertible bonds.


Informasi Sumber Pendanaan Lainnya                                             Information on Other Sources of
                                                                               Financing
Sampai dengan 31 Desember 2025, Jasa Marga tidak                               Until December 31, 2025, Jasa Marga has not issued any
menerbitkan instrumen pendanaan lainnya. Dengan                                other funding instruments. Therefore, the Company has no
demikian, Perseroan tidak memiliki informasi mengenai                          information regarding other funding sources.
sumber pendanaan lainnya.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                                        33
Page 34
01                               02                  03                     04                                       05
Ikhtisar Kinerja Utama           Laporan Manajemen   Profil Perusahaan       Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report   Company Profile         Management Discussion and Analysis       Business Support Functions




Penghargaan dan Sertifikasi
Awards and Certifications


Penghargaan
Awards




                             1                                          2                                           3




                             4                                          5                                           6




                             7                                          8                                           9




                                                                    10



34                                                                          Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 35
06                                  07                                     08
Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




Tabel Daftar Penghargaan yang Diperoleh Perseroan pada Tahun 2025
Table of List of Awards Received by the Company in 2025



           Nama Acara                           Penghargaan/Kategori                         Penyelenggara               Lingkup          Tanggal
 No.                                               Award Category
           Event Name                                                                          Organizer                  Scope            Date

                                                                                                                                        15 Januari 2025
       Indonesia Green         Pengorganisasian Tanggung Jawab Sosial Perusahaan            La Tofi School of             Nasional
  1.                                                                                                                                    January 15,
       Award (IGA) 2025        Corporate Social Responsibility Organization                 Social Responsibility         National
                                                                                                                                        2025

                                                                                                                                        5 Februari 2025
                               Kategori Outstanding Bussiness Colaboration                                                Nasional
  2.   Elshinta Award 2025                                                                  Radio Elshinta                              February 5,
                               Outstanding Bussiness Colaboration Category                                                National
                                                                                                                                        2025

                                                                                                                                        11 Februari
       Indonesia Top PR        Kategori Top Digital PR 2025                                 Infobrand.id dan              Nasional      2025
  3.
       2025                    Top Digital PR 2025 Category                                 Tras N Co                     National      February 11,
                                                                                                                                        2025

       Digital Forum-6th                                                                                                                14 Februari
       Anniversary Awarding                                                                                               Nasional      2025
  4.                           Indonesia Top Digital Innovation Award 2025                   The Iconomics
       Session Indonesia                                                                                                  National      February 14,
       Digital Awards 2025                                                                                                              2025

                                                                                                                                        15 Februari
       18th Annual
                                                                                             Alpha Southeast            Internasional   2025
  5.   Transaction Banking     Best Cross Border M&A Deal of The Year 2024
                                                                                             Asia                       International   February 15,
       Awards 2024
                                                                                                                                        2025

                               1.     Kategori Sectoral Sektor Infrastruktur Middle Cap
                                      Sectoral Category, Middle Cap Infrastructure Sector                                               25 Februari
                               2.     Kategori BUMN & Anak Usaha BUMN Sektor                 Investortrust dan            Nasional      2025
  6.   Best Stock Award
                                      Infrastruktur Middle Cap                               Infovesta Utama              National      February 25,
                                      SOE & Subsidiaries of SOE Category, Middle Cap                                                    2025
                                      Infrastructure Secto

                                                                                                                                        26 Februari
       Contact Center
                               JMTC Call Center Public Service                                                            Nasional      2025
  7.   Service Excellent                                                                     Carre Center
                               for achieving "Exceptional" Service Performance                                            National      February 26,
       Award 2025
                                                                                                                                        2025

       6th Anniversary
                                                                                                                          Nasional      18 Maret 2025
  8.   Indonesia Best 50       Best CEO Direktur Utama Jasa Marga Subakti Syukur            The Iconomics
                                                                                                                          National      March 18, 2025
       CEO Awards 2025

       Indonesia Sales         The Best Indonesia Sales Marketing Award-VIII-2025 Gold
                                                                                                                          Nasional      30 April 2025
  9.   Marketing Award ke-8    Award (B) Excellent (4 Star) Category Public Company -        Economic Review
                                                                                                                          National      April 30, 2025
       2025                    State Owned Enterprises Company - Asset > Rp. 50T

                               1. Kategori: Pelestarian Kebudayaan melalui UMKM
       Anugerah &                 kepada PT Jasa Marga (Persero) Tbk (Perusahaan)
       Sertifikasi TJSL           Category: Cultural Preservation through MSMEs to
       UMKM-Pariwisata-           PT Jasa Marga (Persero) Tbk (Company)
       Kebudayaan 2025         2. Kategori: Pelestarian Kebudayaan melalui UMKM              La Tofi School of            Nasional      21 Mei 2025
 10.
       TJSL Awards &              kepada Oleh-oleh Khas Jakarta Hj. Maemune (UMKM            Social Responsibility        National      May 21, 2025
       Certification for          Binaan Perusahaan)
       UMKM-Tourism-              Category: Cultural Preservation through MSMEs
       Culture 2025               to Jakarta’s Hj. Maemune Signature Souvenirs
                                  (Company-Supported MSME)




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                                  35
Page 36
01                           02                  03                 04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan   Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile     Management Discussion and Analysis       Business Support Functions




                                            11                                                             12




                                            13                                                             14




                        15                                     16                                          17




36                                                                  Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 37
06                                    07                                        08
Tata Kelola Perusahaan                Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance             Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Tabel Daftar Penghargaan yang Diperoleh Perseroan pada Tahun 2025
Table of List of Awards Received by the Company in 2025



            Nama Acara                            Penghargaan/Kategori                            Penyelenggara              Lingkup      Tanggal
 No.                                                 Award Category
            Event Name                                                                              Organizer                 Scope        Date

                                    1. TOP CSR Awards 2025 on Star 5 Predikat Excellent
                                       untuk kategori Perusahaan
                                       TOP CSR Awards 2025 on Star 5 Excellent Rating for
                                       the Company category
         TOP CSR Awards             2. TOP Leader on CSR Commitment 2025 untuk Direktur           Majalah Top                Nasional   11 Juni 2025
  11.
         2025                          Human Capital & Transformasi Jasa Marga Yoga Tri           Business                   National   June 11, 2025
                                       Anggoro
                                       TOP Leader on CSR Commitment 2025 for Jasa
                                       Marga Director of Human Capital & Transformation,
                                       Yoga Tri Anggoro

                                    Piagam Penghargaan Atas Partisipasi dalam Mendukung
                                    Terwujudnya Keamanan, Keselamatan, Ketertiban, dan            Korlantas/Mabes
         Rakernis Korlantas
                                    Kelancaran Lalu Lintas dalam Kegiatan Operasi Ketupat         Polri
         Polri 2025                                                                                                          Nasional   12 Juni 2025
 12.                                Tahun 2025                                                    National Police
         National Police Traffic                                                                                             National   June 12, 2025
                                    Certificate of Appreciation for Participation in Supporting   Traffic Corps/
         Corps Meeting 2025
                                    the Realization of Security, Safety, Order, and Smooth        Headquarters
                                    Traffic Flow in the 2025 Ketupat Operation Activities

                                    1. The Most Committed BUMN Pembina UMKM on All
                                       Sector
                                       The Most Committed SOE in Supporting UMKM Across
                                       All Sectors
                                    2. Best Performance Food & Beverage Sector Gold Winner
                                       Best Performance in the Food & Beverage Sector Gold
         1st UMKM BUMN                                                                                                       Nasional   25 Juni 2025
 1 13.                                 Winner                                              BUMN Track
         Award 2025                                                                                                          National   June 25, 2025
                                    3. Best Performance Fashion Sector Gold Winner
                                       Best Performance in the Fashion Sector Gold Winner
                                    4. Best Performance Fashion Sector Gold Winner
                                       Best Performance in the Fashion Sector Gold Winner
                                    5. Best Performance Craft Sector Silver Winner
                                       Best Performance in the Craft Sector Silver Winner

                                    Anugerah Utama Sektor Infrastruktur dengan Program ESG:
         IDX Channel Anugerah       Pengelolaan Sampah Terpadu Rest Area                                                     Nasional   4 Juli 2025
 14.                                                                                           IDX Channel
         ESG 2025                   Main Award for the Infrastructure Sector with ESG Program:                               National   July 4, 2025
                                    Integrated Waste Management at Rest Areas

                                    Kategori: Best Infrastructure Services for Maintaining
                                    Business Growth Stability through Strategy
                                    Implementation                                                Warta Ekonomi/             Nasional   24 Juli 2025
  15.    Industry Award 2025
                                    Category: Best Infrastructure Services for Maintaining        Industry.co.id             National   July 24, 2025
                                    Business Growth Stability through Strategy
                                    Implementation

                                    Kategori: BUMN Corporate Excellence 2025 Award
         Investortrust BUMN         Holding Asset Class Rp 100-500 Trilion                                                   Nasional   31 Juli 2025
  16.                                                                                             Investortrust
         Award 2025                 Category: BUMN Corporate Excellence 2025 Award                                           National   July 31, 2025
                                    Holding Asset Class Rp100-500 Trillion

                                    1. 6th Indonesia Corporate Reputation Awards 2025
                                       untuk kategori Toll Operator (Perusahaan)
                                       6th Indonesia Corporate Reputation Awards 2025 for
                                       the Toll Operator (Company) category                                                             8 Agustus
         6th Indonesia Public
                                    2. 6th Indonesia 50 Popular PR Person Awards 2025                                        Nasional   2025
  17.    Relations Summit                                                                         The Iconomics
                                       untuk Corporate Communication & Community                                             National   August 8,
         2025
                                       Development Group Head Jasa Marga Lisye Octaviana                                                2025
                                       6th Indonesia 50 Popular PR Person Awards 2025 for
                                       Jasa Marga Corporate Communication & Community
                                       Development Group Head, Lisye Octaviana




PT Jasa Marga (Persero) Tbk        Laporan Tahunan 2025 Annual Report                                                                               37
Page 38
01                                02                  03                  04                                       05
Ikhtisar Kinerja Utama            Laporan Manajemen   Profil Perusahaan    Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report   Company Profile      Management Discussion and Analysis       Business Support Functions




                             18                                                          19




                         20                                          21                                          22




                                                23                                         24




                                                25                                         26




38                                                                        Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 39
06                                 07                                       08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




Tabel Daftar Penghargaan yang Diperoleh Perseroan pada Tahun 2025
Table of List of Awards Received by the Company in 2025



           Nama Acara                          Penghargaan/Kategori                           Penyelenggara              Lingkup        Tanggal
 No.                                              Award Category
           Event Name                                                                           Organizer                 Scope          Date

                                 “Pemrakarsa dan Pemilik Pohon Turbin Angin Terintegrasi
                                 dengan Panel Surya (Hybrid Wind Tree) Pertama” dan
        Museum Rekor Dunia-      “Pemasangan Turbin Angin Terintegrasi dengan Panel                                                   25 Agustus
        Indonesia (MURI)         Surya Pertama di Gerbang Jalan Bebas Hambatan”                                          Nasional     2025
  18.                                                                                         MURI Indonesia
        Indonesian Museum        “Initiator and Owner of the First Integrated Wind                                       National     August 25,
        of Records (MURI)        Turbine Tree with Solar Panels (Hybrid Wind Tree)” and                                               2025
                                 “Installation of the First Integrated Wind Turbine with
                                 Solar Panels at the Toll Road Gate”

                                 Golden Trophy TOP GRC Award 2025, predikat TOP
                                 GRC Award 2025 #5 Star, serta penghargaan The Most
                                 Committed GRC Leader 2025 yang dianugerahkan
                                                                                                                                      8 September
                                 kepada Direktur Human Capital & Transformasi Jasa
        TOP GRC Awards                                                                                                   Nasional     2025
 19.                             Marga, Yoga Tri Anggoro                                      Majalah TopBusiness
        2025                                                                                                             National     September 8,
                                 Golden Trophy TOP GRC Award 2025, TOP GRC Award
                                                                                                                                      2025
                                 2025 #5 Star title, and The Most Committed GRC Leader
                                 2025 award presented to Jasa Marga Director of Human
                                 Capital & Transformation, Yoga Tri Anggoro

        The 16th IICD
                                 Top 50 Emiten pada kategori Kapitalisasi Pasar Terbesar                                              15 September
        Corporate                                                                             Indonesian Institute
                                 (Big Cap PLCs)                                                                          Nasional     2025
 20.    Governance                                                                            for Corporate
                                 Top 50 Issuers in the Largest Market Capitalization                                     National     September 15,
        Conference and                                                                        Directorship
                                 Category (Big Cap PLCs)                                                                              2025
        Award 2025

                                 100 perusahaan terbesar di Indonesia versi Fortune                                                   17 September
        Fortune Indonesia 100    Indonesia                                                                               Nasional     2025
  21.                                                                                         IDN
        Tahun 2025               The 100 largest companies in Indonesia, according to                                    National     September 17,
                                 Fortune Indonesia                                                                                    2025

                                 Most Innovative Mobile Marketing Campaign dengan                                                     18 September
        Next Award Indonesia     peringkat Gold                                                                          Nasional     2025
 22.                                                                                         MARTECH APAC
        2025                     Most Innovative Mobile Marketing Campaign with Gold                                     National     September 18,
                                 rating                                                                                               2025

                                                                                                                                      26 September
        The Best Indonesia                                                                                               Nasional     2025
 23.                             The Best Indonesia CSR-SDG-ESG 2025                          Economic Review
        CSR-SDG-ESG 2025                                                                                                 National     September 26,
                                                                                                                                      2025

        Excellence                                                                                                                    2 Oktober
        Performance State                                                                                                             2025
 24.                             Excellence Performance State Owned Enterprise 2025           Asian Post                 Asian Post
        Owned Enterprise                                                                                                              October 2,
        2025                                                                                                                          2025

                                                                                                                                      28 November
                                 Kategori Gold Rank in Accordance                                                        Nasional     2025
 25.    ASRRAT Award 2025                                                                    NCCR
                                 Gold Rank in Accordance Category                                                        National     November 28,
                                                                                                                                      2025

        Anugerah
                                                                                                                                      15 Desember
        Keterbukaan Informasi
                                 Badan Publik dengan Kualifikasi Informatif                  Komisi Informasi            Nasional     2025
 26.    Publik
                                 Public Agencies with Informative Qualifications             Pusat RI                    National     December 15,
        Public Information
                                                                                                                                      2025
        Disclosure Award




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                             39
Page 40
01                           02                      03                  04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen       Profil Perusahaan    Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report       Company Profile      Management Discussion and Analysis       Business Support Functions




Sertifikasi
Certificate




                                                    2                                 3                                 4




                         1




                                                    5                                 6                                 7



Tabel Daftar Sertifikasi Perseroan yang Masih Berlaku s.d. 31 Desember 2025
Table of the Company’s Valid Certifications until December 31, 2025


                                                                             Masa Berlaku | Valid Period                Lembaga
                                                                                                                        Sertifikasi
             Lingkup Sertifikasi                                                                                           yang
 No.                                             ISO/OHSAS                     Mulai                 Berakhir
             Certification Scope                                                                                       Memberikan
                                                                               From                     To             Certification
                                                                                                                          Issuer
        Kantor Pusat | Head Office    Quality Management System – ISO    27 Desember 2025      26 Desember 2028       PT BSI Group
  1.
        PT Jasa Marga (Persero) Tbk   9001:2015                          December 27, 2025     December 26, 2028      Indonesia

                                      Occupational Health & Safety
        Kantor Pusat | Head Office                                       27 Desember 2025      26 Desember 2028       PT BSI Group
  2.                                  Management System – ISO
        PT Jasa Marga (Persero) Tbk                                      December 27, 2025     December 26, 2028      Indonesia
                                      45001:2018

        Kantor Pusat | Head Office    Environmental Management System    27 Desember 2025      26 Desember 2028       PT BSI Group
  3.
        PT Jasa Marga (Persero) Tbk   – ISO 14001:2015                   December 27, 2025     December 26, 2028      Indonesia

        Kantor Pusat | Head Office    Anti-Bribery Management System -   16 Desember 2023      5 Desember 2026        PT BSI Group
  4.
        PT Jasa Marga (Persero) Tbk   ISO 37001:2016                     December 16, 2023     December 5, 2026       Indonesia

        Data Center Kantor Pusat |
                                      Information Security Management    4 Juni 2024           3 Juni 2027            PT TÜV SÜD
  5.    Head Office Data Center
                                      System - ISO/IEC 27001:2013        June 4, 2024          June 3, 2027           Indonesia
        PT Jasa Marga (Persero) Tbk

                                      Sistem Manajemen Keselamatan
                                      dan Kesehatan Kerja Kategori                                                    Kementerian
        Kantor Pusat | Head Office    Tingkat Lanjutan (166 Kriteria)    6 Agustus 2024        5 Agustus 2027         Ketenagakerjaan
  6.
        PT Jasa Marga (Persero) Tbk   Occupational Safety and Health     August 6, 2024        August 5, 2027         Ministry of
                                      Management System, Advanced                                                     Manpower
                                      Level Category (166 Criteria)

        Kantor Pusat | Head Office
        Jasamarga Nusantara           Quality Management System – ISO    24 Oktober 2025       31 Agustus 2028        PT BSI Group
  7.
        Tollroad Regional Division    9001:2015                          October 24, 2025      August 31, 2028        Indonesia
        PT Jasa Marga (Persero) Tbk




40                                                                       Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 41
06                               07                                    08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




              8                                     9                                10




                                                                                                                           14




              11                                   12                                13



Tabel Daftar Sertifikasi Perseroan yang Masih Berlaku s.d. 31 Desember 2025
Table of the Company’s Valid Certifications until December 31, 2025


                                                                                     Masa Berlaku | Valid Period                  Lembaga
                                                                                                                                  Sertifikasi
           Lingkup Sertifikasi                                                                                                       yang
 No.                                                 ISO/OHSAS                        Mulai                   Berakhir
           Certification Scope                                                                                                   Memberikan
                                                                                      From                       To              Certification
                                                                                                                                    Issuer
       Kantor Pusat | Head Office
                                        Occupational Health & Safety
       Jasamarga Nusantara                                                     24 Oktober 2025          31 Agustus 2028         PT BSI Group
  8.                                    Management System – ISO
       Tollroad Regional Division                                              October 24, 2025         August 31, 2028         Indonesia
                                        45001:2018
       PT Jasa Marga (Persero) Tbk

       Kantor Pusat | Head Office
       Jasamarga Nusantara              Environmental Management System        24 Oktober 2025          31 Agustus 2028         PT BSI Group
  9.
       Tollroad Regional Division       – ISO 14001:2015                       October 24, 2025         August 31, 2028         Indonesia
       PT Jasa Marga (Persero) Tbk

       Kantor Pusat | Head Office
       Jasamarga Nusantara              Anti-Bribery Management System -       27 Januari 2023          26 Januari 2026         PT BSI Group
 10.
       Tollroad Regional Division       ISO 37001:2016                         January 27, 2023         January 26, 2026        Indonesia
       PT Jasa Marga (Persero) Tbk

       Kantor Pusat | Head Office
       Jasamarga Metropolitan           Quality Management System – ISO        1 November 2025          31 Oktober 2028         PT BSI Group
 11.
       Tollroad Regional Division       9001:2015                              November 1, 2025         October 31, 2028        Indonesia
       PT Jasa Marga (Persero) Tbk

       Kantor Pusat | Head Office
                                        Occupational Health & Safety
       Jasamarga Metropolitan                                                  1 November 2025          31 Oktober 2028         PT BSI Group
 12.                                    Management System – ISO
       Tollroad Regional Division                                              November 1, 2025         October 31, 2028        Indonesia
                                        45001:2018
       PT Jasa Marga (Persero) Tbk

       Kantor Pusat | Head Office
       Jasamarga Metropolitan           Environmental Management System        1 November 2025          31 Oktober 2028         PT BSI Group
 13.
       Tollroad Regional Division       – ISO 14001:2015                       November 1, 2025         October 31, 2028        Indonesia
       PT Jasa Marga (Persero) Tbk

       Kantor Pusat | Head Office
       Jasamarga Metropolitan           Anti-Bribery Management System -       27 Januari 2023          26 Januari 2026         PT BSI Group
 14.
       Tollroad Regional Division       ISO 37001:2016                         January 27, 2023         January 26, 2026        Indonesia
       PT Jasa Marga (Persero) Tbk


PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                               41
Page 42
01                              02                       03                 04                                        05
Ikhtisar Kinerja Utama          Laporan Manajemen        Profil Perusahaan   Analisa dan Pembahasan Manajemen          Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report        Company Profile     Management Discussion and Analysis        Business Support Functions




                15                                  16                              17                                     18




               19                                   20                              21                                     22



Tabel Daftar Sertifikasi Perseroan yang Masih Berlaku s.d. 31 Desember 2025
Table of the Company’s Valid Certifications until December 31, 2025


                                                                                Masa Berlaku | Valid Period                 Lembaga
                                                                                                                            Sertifikasi
             Lingkup Sertifikasi                                                                                               yang
 No.                                                ISO/OHSAS                     Mulai                 Berakhir
             Certification Scope                                                                                           Memberikan
                                                                                  From                     To              Certification
                                                                                                                              Issuer
                                                                            30 Desember
        Kantor Pusat | Head Office &
                                         Quality Management System – ISO    2025                  29 Desember 2028        PT BSI Group
  15.   Representative Offices
                                         9001:2015                          December 30,          December 29, 2028       Indonesia
        PT Jasamarga Transjawa Tol
                                                                            2025

                                                                            30 Desember
        Kantor Pusat | Head Office &     Occupational Health & Safety
                                                                            2025                  29 Desember 2028        PT BSI Group
  16.   Representative Offices           Management System – ISO
                                                                            December 30,          December 29, 2028       Indonesia
        PT Jasamarga Transjawa Tol       45001:2018
                                                                            2025

                                                                            30 Desember
        Kantor Pusat | Head Office &
                                         Environmental Management System    2025                  29 Desember 2028        PT BSI Group
  17.   Representative Offices
                                         – ISO 14001:2015                   December 30,          December 29, 2028       Indonesia
        PT Jasamarga Transjawa Tol
                                                                            2025

        Kantor Pusat | Head Office &
                                         Anti-Bribery Management System -   1 Februari 2024       31 Januari 2027         PT BSI Group
  18.   Representative Offices
                                         ISO 37001:2016                     February 1, 2024      January 31, 2027        Indonesia
        PT Jasamarga Transjawa Tol

                                                                                                                          PT Garuda
                                         Quality Management System – ISO    24 Agustus 2023       23 Agustus 2026
 19.    PT Jasamarga Bali Tol                                                                                             Sertifikasi
                                         9001:2015                          August 24, 2023       August 23, 2026
                                                                                                                          Indonesia

                                         Occupational Health & Safety                                                     PT Garuda
                                                                            24 Agustus 2023       23 Agustus 2026
 20.    PT Jasamarga Bali Tol            Management System – ISO                                                          Sertifikasi
                                                                            August 24, 2023       August 23, 2026
                                         45001:2018                                                                       Indonesia

                                                                                                                          PT Garuda
                                         Environmental Management System    24 Agustus 2023       23 Agustus 2026
  21.   PT Jasamarga Bali Tol                                                                                             Sertifikasi
                                         – ISO 14001:2015                   August 24, 2023       August 23, 2026
                                                                                                                          Indonesia

                                         Anti-Bribery Management System –   29 Juli 2024          28 Juli 2027            PT BSI Group
 22.    PT Marga Lingkar Jakarta
                                         ISO 37001:2016                     July 29, 2024         July 28, 2027           Indonesia




42                                                                          Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 43
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




              23                                    24                                25                                  26




              27                                    28                                29                                  30



Tabel Daftar Sertifikasi Perseroan yang Masih Berlaku s.d. 31 Desember 2025
Table of the Company’s Valid Certifications until December 31, 2025


                                                                                  Masa Berlaku | Valid Period              Lembaga
                                                                                                                           Sertifikasi
           Lingkup Sertifikasi                                                                                                yang
 No.                                                 ISO/OHSAS                     Mulai                   Berakhir
           Certification Scope                                                                                            Memberikan
                                                                                   From                       To          Certification
                                                                                                                             Issuer
                                                                            4 September 2024
       Kantor Pusat | Head Office       Anti-Bribery Management System –                             3 September 2027    PT Evodia Global
 23.                                                                        September 4,
       PT Cinere Serpong Jaya           ISO 37001:2016                                               September 3, 2027   Sertifikasi
                                                                            2024

       Kantor Pusat | Head Office       Anti-Bribery Management System –    5 November 2024          4 November 2027     PT Evodia Global
 24.
       PT Marga Trans Nusantara         ISO 37001:2016                      November 5, 2024         November 4, 2027    Sertifikasi

                                                                            13 November 2024
       Kantor Pusat | Head Office       Anti-Bribery Management System –                             12 November 2027    PT Evodia Global
 25.                                                                        November 13,
       PT Marga Sarana Jabar            ISO 37001:2016                                               November 12, 2027   Sertifikasi
                                                                            2024

       PT Jasamarga Kunciran            Anti-Bribery Management System –    4 Juni 2025              3 Juni 2028         PT Evodia Global
 26.
       Cengkareng                       ISO 37001:2016                      June 4, 2025             June 3, 2028        Sertifikasi

       Kantor Pusat | Head Office
                                        Anti-Bribery Management System –    29 Januari 2024          28 Januari 2027     PT BSI Group
 27.   PT Jasamarga Ngawi
                                        ISO 37001:2016                      January 29, 2024         January 28, 2027    Indonesia
       Kertosono

       Kantor Pusat | Head Office
                                        Anti-Bribery Management System -    19 Februari 2024         18 Februari 2027    PT BSI Group
 28.   PT Jasamarga Surabaya
                                        ISO 37001:2016                      February 19, 2024        February 18, 2027   Indonesia
       Mojokerto

       Kantor Pusat | Head Office       Anti-Bribery Management System –    21 Agustus 2024          20 Agustus 2027     PT BSI Group
 29.
       PT Jasamarga Solo Ngawi          ISO 37001:2016                      August 21, 2024          August 20, 2027     Indonesia

       Kantor Pusat | Head Office
                                        Anti-Bribery Management System –    7 April 2025             6 April 2028        PT BSI Group
 30.   PT Jasamarga Gempol
                                        ISO 37001:2016                      April 7, 2025            April 6, 2028       Indonesia
       Pasuruan




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                     43
Page 44
01                            02                      03                  04                                       05
Ikhtisar Kinerja Utama        Laporan Manajemen       Profil Perusahaan    Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights    Management Report       Company Profile      Management Discussion and Analysis       Business Support Functions




                   31                               32                                 33




                                                                                                                        37




                  34                                35                                 36



Tabel Daftar Sertifikasi Perseroan yang Masih Berlaku s.d. 31 Desember 2025
Table of the Company’s Valid Certifications until December 31, 2025


                                                                              Masa Berlaku | Valid Period                Lembaga
                                                                                                                         Sertifikasi
             Lingkup Sertifikasi                                                                                            yang
 No.                                              ISO/OHSAS                     Mulai                 Berakhir
             Certification Scope                                                                                        Memberikan
                                                                                From                     To             Certification
                                                                                                                           Issuer
        Kantor Pusat | Head Office     Anti-Bribery Management System –   20 Agustus 2025       19 Agustus 2028        PT BSI Group
  31
        PT Jasamarga Pandaan Tol       ISO 37001:2016                     August 20, 2025       August 19, 2028        Indonesia

        Kantor Pusat | Head Office
                                       Anti-Bribery Management System –   9 Oktober 2025        8 Oktober 2028         PT BSI Group
  32    PT Jasamarga Pandaan
                                       ISO 37001:2016                     October 9, 2025       October 8, 2028        Indonesia
        Malang

        Kantor Pusat | Head Office
                                       Quality Management System – ISO    10 Februari 2023      9 Februari 2026        PT BSI Group
  33    PT Jasamarga Tollroad
                                       9001:2015                          February 10, 2023     February 9, 2026       Indonesia
        Operator

        Kantor Pusat | Head Office     Occupational Health & Safety
                                                                          10 Februari 2023      9 Februari 2026        PT BSI Group
  34    PT Jasamarga Tollroad          Management System – ISO
                                                                          February 10, 2023     February 9, 2026       Indonesia
        Operator                       45001:2018

        Kantor Pusat dan Command
        Center | Head Office and                                          25 Desember 2024
                                       Anti-Bribery Management System –                         24 Desember 2027       PT BSI Group
  35    Command Center                                                    December 25,
                                       ISO 37001:2016                                           December 24, 2027      Indonesia
        PT Jasamarga Tollroad                                             2024
        Operator

        Manajemen Proyek Preservasi
        | Preservation Project
                                       Anti-Bribery Management System -   27 Mei 2025           26 Mei 2028            SIS Certifications
  36    Management
                                       ISO 37001:2016                     May 27, 2025          May 26, 2028           Pvt. Ltd.
        PT Jasamarga Tollroad
        Maintenance

        Direktorat Finance & Human
        Capital | Finance & Human                                         27 Desember 2023
                                       Anti-Bribery Management System -                         26 Desember 2026       PT Evodia Global
  37    Capital Directorate                                               December 27,
                                       ISO 37001:2016                                           December 26, 2026      Sertifikasi
        PT Jasamarga Related                                              2023
        Business




44                                                                        Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 45
06                               07                                   08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan     Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility      Reference of POJK, SEOJK, and ARA Criteria




                38                                    39                                 40                                 41




                                               42                                           43




Tabel Daftar Sertifikasi Perseroan yang Masih Berlaku s.d. 31 Desember 2025
Table of the Company’s Valid Certifications until December 31, 2025


                                                                                    Masa Berlaku | Valid Period              Lembaga
                                                                                                                             Sertifikasi
           Lingkup Sertifikasi                                                                                                  yang
 No.                                                 ISO/OHSAS                       Mulai                   Berakhir
           Certification Scope                                                                                              Memberikan
                                                                                     From                       To          Certification
                                                                                                                               Issuer
       Ruas Jalan Tol Gempol –          Green Toll Road Indonesia Kategori    30 Desember
                                                                                                                           Green Product
       Pandaan | Gempol – Pandaan       Eksisting V.1.2 Predikat Gold         2025                     30 Desember 2027
 38                                                                                                                        Council
       Toll Road Section                Green Toll Road Indonesia Existing    December 30,             December 30, 2027
                                                                                                                           Indonesia
       PT Jasamarga Pandaan Tol         Category V.1.1 Gold Predicate         2025

       Ruas Jalan Tol Pandaan –
                                        Green Toll Road Indonesia Kategori    30 Desember
       Malang | Pandaan – Malang                                                                                           Green Product
                                        Eksisting V.1.2 Predikat Gold         2025                     30 Desember 2027
 39    Toll Road Section                                                                                                   Council
                                        Green Toll Road Indonesia Existing    December 30,             December 30, 2027
       PT Jasamarga Pandaan                                                                                                Indonesia
                                        Category V.1.1 Gold Predicate         2025
       Malang

       Ruas Jalan Tol Ngurah Rai –
                                        Green Toll Road Indonesia Kategori
       Nusa Dua – Benoa | Ngurah                                                                                           Green Product
                                        Eksisting V.1.2 Predikat Gold         6 Oktober 2024           6 Oktober 2026
 40    Rai – Nusa Dua – Benoa Toll                                                                                         Council
                                        Green Toll Road Indonesia Existing    October 6, 2024          October 6, 2026
       Road Section                                                                                                        Indonesia
                                        Category V.1.2 Gold Predicate
       PT Jasamarga Bali Tol

       Ruas Jalan Tol Kunciran –        Green Toll Road Indonesia Kategori
                                                                                                                           Green Product
       Serpong | Kunciran – Serpong     Eksisting V.1.2 Predikat Gold         5 Februari 2025          5 Februari 2027
  41                                                                                                                       Council
       Toll Road Section                Green Toll Road Indonesia Existing    February 5, 2025         February 5, 2027
                                                                                                                           Indonesia
       PT Marga Trans Nusantara         Category V.1.2 Gold Predicate

                                        Greenship New Building V.1.2
       Kantor Pusat | Head Office                                                                                          Green Building
                                        Predikat Silver                       15 Maret 2023            15 Maret 2026
 42    PT Jasamarga Ngawi                                                                                                  Council
                                        Greenship New Building V.1.2 Silver   March 15, 2023           March 15, 2026
       Kertosono Kediri                                                                                                    Indonesia
                                        Rating

       Manajemen Proyek dan
       Manajemen Traffik Jalan Tol
       | Project Management and         Anti-Bribery Management System –      29 Desember 2023         29 Desember 2026    QAI Indonesia
 43
       Traffic Management Toll          ISO 37001:2016                        December 29, 2023        Desember 29, 2026   Sertification
       Roads
       PT Jasamarga Jogja Solo



PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                       45
Page 46
01                           02                      03                   04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen       Profil Perusahaan     Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report       Company Profile       Management Discussion and Analysis       Business Support Functions




Peristiwa
Penting 2025
Event Highlights 2025




     16 Januari | January, 16                     26 Januari | January, 26                        6 Februari | February, 6

  Dorong    Penerapan    SMK3     yang           Jasa Marga Salurkan Bantuan untuk              Jasa Marga Perkuat Kolaborasi Lintas
  Produktif, Jasa Marga Gelar Apel               Korban Banjir dan Longsor di Kendal            Sektor untuk Tekan Dampak Negatif
  Peringatan Bulan K3 Nasional 2025.             dan Pekalongan.                                Kendaraan ODOL (Over Dimension
  To Promote the Implementation of               Jasa Marga Distributes Aid to Flood            Over Load) pada Infrastruktur dan
  Productive SMK3, Jasa Marga Holds a            and Landslide Victims in Kendal and            Keselamatan Jalan Tol Nasional.
  Ceremony to Mark National OHS Month            Pekalongan.                                    Jasa Marga Strengthens Cross-Sector
  2025.                                                                                         Collaboration to Mitigate the Negative
                                                                                                Impact of ODOL (Over Dimension Over
                                                                                                Load) Vehicles on National Toll Road
                                                                                                Infrastructure and Safety.




     11 Februari | February, 11                   26 Maret | March, 26                            27 Maret | March, 27

  Jasa Marga Dukung UMKM Naik Kelas              Perkuat ESG Perseroan, Jasa Marga              Hantarkan Kembali ke Kampung
  Lewat Pameran Inacraft 2025.                   dan Kementerian Lingkungan Hidup               Halaman dengan Aman dan Nyaman:
  Jasa Marga Supports MSME to Upgrade            Tandatangani Nota Kesepahaman                  Komitmen Sosial Jasa Marga Lewat
  Through the Inacraft 2025 Exhibition.          Pengelolaan Sampah di Rest Area.               Program Mudik Gratis.
                                                 Strengthening Corporate ESG, Jasa              Return to Your Hometown Safely and
                                                 Marga and the Ministry of Environment          Comfortably: Jasa Marga’s Social
                                                 Sign a Memorandum of Understanding             Commitment     Through  the   Free
                                                 on Waste Management at Rest Areas.             Homecoming Programme.




46                                                                        Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 47
06                               07                                       08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




     1 April | April, 1                                17 April | April, 17                                 7 Mei | May, 7

  Jasa Marga Optimalkan Pelayanan                    Dorong Pertumbuhan Ekonomi Petani                    Laporkan Kinerja Positif, RUPST 2025
  Arus Balik Libur Lebaran 2025 dengan               dan Pelestarian Lingkungan, Jasa                     Jasa Marga Bagi Dividen Rp 1,13 Triliun.
  Siapkan Jalur Fungsional Jalan Tol                 Marga Tanam 1.500 Bibit Durian di Pati.              Reporting     Positive      Performance,
  Jakarta-Cikampek II Selatan.                       To Boost Farmers’ Economic Growth                    Jasa Marga’s 2025 AGMS Distributes
  Jasa Marga Optimizes Services for                  and Environmental Conservation, Jasa                 Dividends of Rp1.13 Trillion.
  the 2025 Eid Holiday Return Traffic                Marga Plants 1,500 Durian Saplings in
  by Preparing a Functional Lane on the              Pati.
  Jakarta-Cikampek II South Toll Road.




     15 Mei | May, 15                                  3 Juni | June, 3                                     9 Juni | June, 9
  Jasa     Marga       Bersama      Lembaga          Memperingati Hari Lingkungan Hidup                   Jasa Marga Salurkan 344 Hewan
  Pengkajian Pangan, Obat-obatan dan                 Sedunia, Jasa Marga dan Kementerian                  Kurban, Wujud Kontribusi Nyata Bagi
  Kosmetika (LPPOM) Majelis Ulama                    Lingkungan Hidup Sinergi Wujudkan                    Mayarakat di Sekitar Jalan Tol.
  Indonesia (MUI) Dorong UMKM Naik                   Jalan Tol Ramah Lingkungan Melalui                   Jasa Marga Distributes 344 Sacrificial
  Kelas Lewat Bimbingan Teknis Sertifikasi           Penanaman Pohon dan Uji Emisi                        Animals,    Demonstrating       Tangible
  Halal di Rest Area Travoy KM 379A.                 Kendaraan Bermotor.                                  Contribution to Communities Around
  Jasa Marga, in collaboration with the              Celebrating     World     Environment                Toll Roads.
  Indonesian Ulema Council’s Food, Drug              Day, Jasa Marga and the Ministry of
  and Cosmetics Assessment Agency                    Environment Collaborate to Create
  (LPPOM MUI), encourages MSMEs to                   an Environmentally Friendly Toll Road
  upgrade through technical guidance on              Through Tree Planting and Vehicle
  halal certification at the Travoy KM 379A          Emission Testing.
  Rest Area.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                               47
Page 48
01                            02                       03                    04                                       05
Ikhtisar Kinerja Utama        Laporan Manajemen        Profil Perusahaan      Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights    Management Report        Company Profile        Management Discussion and Analysis       Business Support Functions




     4 Juli | July, 4                              11 Juli | July, 11                                24 Juli | July, 24
  Memperkuat Ekosistem Sumber Daya                Jasa Marga Pastikan Pembangunan                  Perkuat Konektivitas Pulau Jawa,
  Manusia (SDM) Badan Usaha Milik                 Jalan   Tol    Solo–Yogyakarta–NYIA              Jasa Marga Mengendalikan Penuh
  Negara (BUMN) Menuju Kepemimpinan               Kulonprogo    Segmen     Prambanan-              PT Jasamarga Jogja Solo.
  Adaptif, Jasa Marga & Jasa Raharja              Purwomartani Sesuai Rencana.                     Strengthening Java Island Connectivity,
  Tandatangani      Memorandum       of           Jasa Marga Ensures Construction of               Jasa Marga Fully Controls PT Jasamarga
  Understanding (MoU) Talent Mobility.            Solo–Yogyakarta–NYIA      Kulonprogo             Jogja Solo.
  Strengthening the Human Resource                Toll  Road    Segment    Prambanan-
  (HR) Ecosystem of State-Owned
                                                  Purwomartani Proceeds as Planned.
  Enterprises (SOEs) toward Adaptive
  Leadership, Jasa Marga & Jasa Raharja
  Sign a Memorandum of Understanding
  (MoU) on Talent Mobility.




     25 Agustus | August, 25                       25 Agustus | August, 25                           4 September | September, 4

  Wujudkan Komitmen Sustainability                Jasa Marga dan Pemkot Bandung                    Jasa Marga Hadirkan Inovasi Pelayanan
  Green Toll Road, Jasa Marga Raih                Jajaki Kolaborasi Wujudkan Ikon Kota             yang Berkelanjutan Kepada Pengguna
  Penghargaan MURI atas Inovasi Hybrid            Bandung di Ruas Tol Cipularang.                  Jalan Tol dalam Hari Pelanggan
  Wind Tree.                                      Jasa Marga and Bandung City                      Nasional 2025.
  Demonstrating      Commitment     to            Government Explore Collaboration to              Jasa Marga Introduces Sustainable
  Sustainable Green Toll Roads, Jasa              Create Bandung City Icon on Cipularang           Service Innovations for Toll Road Users
  Marga Receives MURI Award for Hybrid            Toll Road Section.                               on National Customer Day 2025.
  Wind Tree Innovation.




     12 September | September, 12                  25 September | September, 25                      3 Oktober | October, 3

  Jasa Marga Sampaikan Peningkatan                Menko Infrawil AHY Resmikan Tempat              Jasa Marga Perkuat Konektivitas
  Kinerja Positif hingga Semester I               Istirahat (TI) Pengembangan KM                  Kawasan       Jabodetabek      melalui
  Tahun 2025 dalam Public Expose Live             05 Jagorawi Travoy Hub, Rest Area               Penandatanganan             Perjanjian
  2025.                                           Generasi Baru dengan Konsep Toll                Pengusahaan Jalan Tol Ruas Bogor-
  Jasa     Marga      Reports    Positive         Corridor Development.                           Serpong.
  Performance Improvement in the First            Coordinating Minister for Infrastructure        Jasa Marga Strengthens Connectivity in
  Half of 2025 in the 2025 Public Expose          AHY Officially Inaugurates the Jagorawi         Jabodetabek Area through the Signing
  Live.                                           Travoy Hub Rest Area Development at             of a Toll Road Concession Agreement
                                                  KM 05, a New Generation Rest Area with          for the Bogor-Serpong Section.
                                                  a Toll Corridor Development Concept.




48                                                                           Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 49
06                               07                                     08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




     17 Oktober | October, 17                          28 Oktober | October, 28                            1 November | November, 1

  Dukung UMKM Naik Kelas, Jasa Marga                 RS Brawijaya Travoy Hub Taman Mini                 Jasa Marga Perkuat Pemulihan Pasca
  Fasilitasi Mitra Binaan pada Trade Expo            Diresmikan, Jasa Marga Perkuat                     Bencana Masyarakat Terdampak Banjir
  Indonesia 2025.                                    Ekosistem Layanan untuk Mobilitas,                 dan Longsor di Sukabumi.
  Supporting MSMEs to Move Up the                    Ruang Publik, dan Kesehatan.                       Jasa Marga Strengthens Post-Disaster
  Value Chain, Jasa Marga Facilitates                RS Brawijaya Travoy Hub Taman Mini                 Recovery for Communities Affected by
  Fostered Partners at the Indonesia                 Officially Inaugurated, Jasa Marga                 Floods and Landslides in Sukabumi.
  Trade Expo 2025.                                   Strengthens the Service Ecosystem for
                                                     Mobility, Public Spaces, and Healthcare.




     20 November | November, 20                        8 Desember | December, 8                           9 Desember | December, 9

  Jasa Marga Luncurkan JSMR MOVE,                    Jasa Marga Raih Juara 2 Annual Report              Travoy Kids Milik Jasa Marga Raih
  Budaya Kerja untuk Percepatan                      Award (ARA) 2024 Kategori BUMN Go                  Sertifikasi dengan Predikat TARA
  Transformasi Pelayanan Jalan Tol.                  Publik Non Keuangan.                               Utama dari Kementerian PPPA.
  Jasa Marga Launches JSMR MOVE, a                   Jasa Marga Wins 2nd Place at the                   Jasa Marga’s Travoy Kids Receives
  Work Culture to Accelerate Toll Road               2024 Annual Report Award 2024 in                   TARA Utama Certification from the
  Service Transformation.                            the Non-Financial Listed State-Owned               Ministry of Women’s Empowerment and
                                                     Enterprises Category.                              Child Protection.




     15 Desember | December, 15                        15 Desember | December, 15                         17 Desember | December, 17

  Kick Off Satgas Jasa Marga Siaga                   Bukti Komitmen pada Transparansi dan               Jasa Marga Menyelenggarakan Rapat
  Operasional Natal 2025 dan Tahun                   Tata Kelola Informasi Kepada Publik,               Umum Pemegang Saham Luar Biasa
  Baru 2026.                                         Jasa Marga Raih Peringkat Tiga Besar               Tahun 2025.
  Kick-Off of the Jasa Marga Task Force              BUMN dengan Predikat Informatif.                   Jasa Marga Holds an Extraordinary
  for the 2025 Christmas and 2026 New                As a demonstration of its commitment               General Meeting of Shareholders for
  Year Operational Readiness.                        to transparency and public information             2025.
                                                     management, Jasa Marga has been
                                                     ranked among the top three state-
                                                     owned enterprises with an ‘Informative’
                                                     rating.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                        49
Page 50
02             Laporan
               Manajemen
               Management Report


          Laporan Dewan Komisaris                                         Peranan Direksi dalam Perumusan Strategi dan Kebijakan
     52
          Board of Commissioners’ Report                                  Strategis
                                                                    72
                                                                          Board of Directors’ Role in Formulating Strategies and
          Penilaian terhadap Kinerja Direksi mengenai Pengelolaan
                                                                          Strategic Policies
          Perseroan
     53
          Assessment of the Board of Directors’ Performance in            Proses yang Dilakukan Direksi untuk Memastikan
          Company Management                                              Implementasi Strategi
                                                                    73
                                                                          Board of Directors’ Processes to Ensure Strategy
          Pandangan atas Prospek Usaha Perseroan
     57                                                                   Implementation
          Outlook on the Company’s Business Prospects
                                                                          Perbandingan antara Hasil yang Dicapai dengan yang
          Pandangan atas Penerapan Tata Kelola
     58                                                             74    Ditargetkan
          Perspective on Corporate Governance Implementation
                                                                          Comparison between Achievement and Targets
          Capaian Program Kerja dan Pelaksanaan Tugas
                                                                          Tantangan dan Kendala yang Dihadapi dan Langkah
          Dewan Komisaris
     59                                                             76    Penyelesaiannya
          Achievements of the Board of Commissioners’ Work
                                                                          Challenges, Obstacles, and Solutions
          Program and Implementation of Duties
                                                                          Penilaian Kinerja Komite di bawah Direksi dan Dasar
          Penilaian Kinerja Dewan Komisaris tahun 2025
     63   Performance Assessment of the Board of Commissioners            Penilaiannya
                                                                    78
          in 2025                                                         Performance Assessment of Committees under the Board of
                                                                          Directors and Evaluation Basis
          Penilaian Kinerja Komite yang Berada di bawah Dewan
                                                                          Prospek Usaha
          Komisaris                                                 78
     63                                                                   Business Prospects
          Performance Assessment of Committees under the Board of
          Commissioners                                                   Penerapan Tata Kelola Perusahaan
                                                                    80
                                                                          Corporate Governance Implementation
          Perubahan Komposisi Dewan Komisaris
     64
          Changes in Board of Commissioners’ Composition                  Perubahan Komposisi Direksi
                                                                    82
                                                                          Changes in Board of Directors’ Composition
          Apresiasi
     65
          Appreciation                                                    Apresiasi
                                                                    83
                                                                          Appreciation
          Profil Dewan Komisaris
     66
          Board of Commissioners’ Profile                                 Profil Direksi
                                                                    84
                                                                          Board of Directors’ Profile
          Laporan Direksi
     68
          Board of Directors’ Report                                      Surat Pernyataan Anggota Direksi dan Anggota Dewan
          Kondisi Ekonomi dan Industri 2025                               Komisaris tentang Tanggung Jawab atas Laporan Tahunan
     69                                                                   PT Jasa Marga (Persero) Tbk Tahun Buku 2025
          Economic and Industry Conditions in 2025                  86
                                                                          Statement of Members of The Board of Directors and Board
          Strategi dan Kebijakan Strategis                                of Commissioners on Responsibility for the Annual Report of
     71
          Strategy and Strategic Policies                                 PT Jasa Marga (Persero) Tbk for the 2025 Fiscal Year




     Melalui kolaborasi yang selaras antara Dewan Komisaris
     dan Direksi, Perseroan memastikan pengawasan yang
     efektif dan pengambilan keputusan yang tepat, sehingga
     mampu menjaga kinerja yang unggul dan mendukung
     pertumbuhan berkelanjutan.
     Through the well-aligned collaboration between the Board of
     Commissioners and the Board of Directors, the Company secures
     effective oversight and prudent decision-making, which in turn
     supports excellent performance and long-term sustainable growth.

50                                                                  Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 51
PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report   51
Page 52
01                           02                  03                 04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan   Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile     Management Discussion and Analysis       Business Support Functions




Laporan Dewan Komisaris
Board of Commissioners’ Report




Juri Ardiantoro
Komisaris Utama
President Commissioner




52                                                                  Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 53
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Dewan Komisaris meyakini bahwa efektivitas pengawasan dan
kebijakan strategis yang adaptif menjadi fondasi utama bagi
keberlanjutan pertumbuhan dan penguatan posisi Perseroan.
The Board of Commissioners believes that effective supervision and adaptive
strategic policies are the main foundations for the Company’s continued growth
and strengthening of its position.


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

Atas rahmat dan perlindungan Allah SWT, PT Jasa Marga                 By the grace and protection of Allah SWT, PT Jasa
(Persero) Tbk berhasil mengakhiri tahun 2025 dengan kinerja           Marga (Persero) Tbk successfully ended 2025 with solid
yang solid dan pencapaian positif. Melalui kesempatan ini,            performance and positive achievements. On this occasion,
izinkan saya atas nama Dewan Komisaris menyampaikan                   allow me, on behalf of the Board of Commissioners, to
laporan pelaksanaan fungsi pengawasan yang dijalankan                 present a report on the implementation of supervisory
secara independen, objektif, dan berlandaskan prinsip                 functions carried out independently, objectively, and based
Tata Kelola Perusahaan yang Baik atau Good Corporate                  on the principles of Good Corporate Governance (GCG) in
Governance (GCG) terhadap pengelolaan Perseroan oleh                  the management of the Company by the Board of Directors
Direksi sepanjang tahun 2025. Pengawasan ini difokuskan               throughout 2025. This supervision focused on ensuring
untuk memastikan pencapaian sasaran Rencana Kerja dan                 the achievement of the 2025 Company Work Plan and
Anggaran Perusahaan (RKAP) 2025 yang selaras dengan                   Budget (RKAP) targets in line with the strategic direction
arah strategis Rencana Jangka Panjang Perusahaan (RJPP)               of the 2025–2029 Company Long-Term Plan (RJPP). This
2025–2029. Laporan ini menjadi wujud akuntabilitas Dewan              report is a manifestation of the Board of Commissioners’
Komisaris dalam memperkuat tata kelola dan daya saing                 accountability in strengthening the Company’s governance
Perseroan guna mendukung keberlanjutan usaha.                         and competitiveness to support business sustainability.

Dewan Komisaris berperan sebagai pengawas dan penasihat               The Board of Commissioners acts as a supervisory and
strategis yang memberikan pandangan objektif dalam                    strategic advisory body, providing objective views in the
proses pengambilan keputusan Direksi. Dalam menjalankan               Board of Directors’ decision-making process. In carrying
fungsi tersebut, Dewan senantiasa menyeimbangkan                      out this function, the Board constantly balances commercial
antara kepentingan komersial dan pertumbuhan bisnis                   interests and long-term business growth by ensuring that
jangka panjang, dengan memastikan penerapan prinsip                   GCG principles serve as the primary foundation for the
GCG sebagai landasan utama dalam setiap kebijakan dan                 Company’s strategic policies and decisions.
keputusan strategis Perseroan.


Penilaian terhadap Kinerja Direksi                                    Assessment of the Board of Directors’
Mengenai Pengelolaan Perseroan                                        Performance in Company Management
Sepanjang tahun 2025, Dewan Komisaris mencermati                      Throughout 2025, the Board of Commissioners observed
dinamika bisnis yang semakin kompleks dan menuntut                    increasingly complex business dynamics that required
adaptasi berkelanjutan dari Perseroan. Perubahan lanskap              continuous adaptation from the Company. Changes in
regulasi, intensitas persaingan, serta pergeseran kebutuhan           the regulatory landscape, the intensity of competition,
dan preferensi masyarakat menjadi faktor utama yang                   and shifts in public needs and preferences were the main
mendorong perlunya penyesuaian strategi agar Perseroan                factors driving the need to adjust strategies so that the
tetap relevan dan kompetitif. Dewan Komisaris meyakini                Company remains relevant and competitive. The Board
bahwa kemampuan Manajemen Perseroan dalam merespons                   of Commissioners believes that the Company’s ability to
dinamika tersebut akan menjadi kunci untuk memperkuat                 respond to these dynamics will be key to strengthening its
posisi     pasar    sekaligus    mendorong     pertumbuhan            market position and driving sustainable long-term growth.
berkelanjutan dalam jangka panjang.

Dalam menghadapi situasi tersebut, maka model bisnis                  In addressing this situation, a resilient, adaptive, innovative,
pengelolaan usaha jalan tol yang tangguh, adaptif, inovatif           and responsive toll road management business model is
serta responsif terhadap perubahan situasi ekonomi global             essential. This is important considering that toll roads have
maupun domestik menjadi suatu keharusan. Hal ini penting              become the backbone of national connectivity. The Board




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                53
Page 54
01                           02                   03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen    Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report    Company Profile          Management Discussion and Analysis       Business Support Functions




mengingat jalan tol saat ini sudah menjadi tulang punggung           of Commissioners believes that the Company’s success
konektivitas nasional. Dewan Komisaris meyakini bahwa                in responding to these challenges will not only secure its
keberhasilan Perseroan dalam merespons tantangan                     market position and strengthen its internal capacity but also
tersebut tidak hanya akan mengamankan posisi pasar                   support sustainable long-term growth.
dan memperkuat kapasitas internal Perseroan, tetapi juga
mendukung pertumbuhan berkelanjutan dalam jangka
panjang.

Selaras dengan hal tersebut, Dewan Komisaris memberikan              In line with this, the Board of Commissioners highly
apresiasi yang tinggi atas langkah-langkah strategis yang            appreciates the strategic steps taken by the Board of
dilakukan oleh Direksi melalui realisasi sejumlah program            Directors through the realization of a number of the
strategis Perseroan yang tercantum dalam RKAP 2025 di                Company’s strategic programs listed in the 2025 RKAP,
antaranya di bidang bisnis konsesi jalan tol, pengoperasian          including in the areas of toll road concession business,
jalan tol, optimalisasi bisnis prospektif, serta penguatan           toll road operation, optimization of prospective business,
kapasitas internal Perseroan. Dewan Komisaris juga                   and strengthening the Company’s internal capacity. The
memberikan apresiasi atas langkah strategis Direksi dalam            Board of Commissioners also appreciates the Board of
menyesuaikan arah bisnis, termasuk perumusan kembali                 Directors’ strategic steps to realign the business, including
Visi dan Misi Perseroan guna memastikan keselarasan                  reformulating the Company’s Vision and Mission to ensure
dengan kondisi pasar dan arah Rencana Jangka Panjang                 alignment with market conditions and the 2025-2029 Long-
Perusahaan (RJPP) 2025–2029. Langkah ini diyakini menjadi            Term Plan (RJPP). This step is believed to be an important
fondasi penting bagi pertumbuhan yang lebih tangguh dan              foundation for more resilient and adaptive growth, enabling
adaptif, memungkinkan Perseroan tidak hanya bertahan,                the Company not only to survive but also to take advantage
tetapi juga memanfaatkan peluang baru untuk menciptakan              of new opportunities to create sustainable added value.
nilai tambah yang berkelanjutan.

Dalam hal penilaian kinerja Direksi, Dewan Komisaris                 To assess the Board of Directors’ performance, the Board
melakukan evaluasi secara berkala atas Laporan Manajemen             of Commissioners conducts periodic evaluations of the
Triwulanan. Evaluasi tersebut mencakup penilaian terhadap            Quarterly Management Reports. These evaluations include
kepatuhan seluruh Anggota Direksi dalam menjalankan                  an assessment of all Members of the Board of Directors
pengelolaan Perseroan sesuai dengan RKAP dan RJPP yang               compliance with the established RKAP and RJPP in managing
telah ditetapkan. Selain itu, Dewan Komisaris juga menilai           the Company. In addition, The Board of Commissioners also
kemampuan masing-masing Direksi dalam menindaklanjuti                assesses the capabilities of each member of the Board of
keputusan-keputusan yang dihasilkan dari rapat Dewan                 Directors ability to follow up on decisions made at Board of
Komisaris, serta rapat koordinasi antara Dewan Komisaris             Commissioners meetings and to coordinate with the Board
dan Direksi. Tindak lanjut atas saran dan rekomendasi yang           of Commissioners at coordination meetings between the
diberikan oleh auditor eksternal juga menjadi bagian penting         Board of Commissioners and the Board of Directors. Follow-
dalam evaluasi tersebut, guna memastikan bahwa setiap                up on external auditors’ suggestions and recommendations
langkah yang diambil selaras dengan regulasi dan ketentuan           is also an important part of the evaluation, to ensure that
yang berlaku.                                                        every step taken is in line with applicable regulations and
                                                                     provisions.

Dewan Komisaris berkomitmen untuk melaksanakan                       The Board of Commissioners is committed to conducting
penilaian kinerja para Anggota Direksi secara objektif,              an objective, transparent, and balanced assessment of
transparan, dan berimbang dengan mengacu pada                        all Members of the Board of Directors performance, using
indikator kinerja utama Perseroan. Salah satu ukuran                 the Company’s key performance indicators. One important
penting dalam menilai efektivitas kinerja Direksi adalah             measure in assessing the effectiveness of the Board of
tingkat pencapaian Key Performance Indicators (KPI)                  Directors’ performance is the achievement of the set
yang telah ditetapkan. Pada tahun 2025, keberhasilan                 Key Performance Indicators (KPIs). In 2025, the Board of
pencapaian realisasi KPI Direksi, termasuk Direktur Utama,           Directors, including the President Director, successfully
adalah sebesar 101,36%, yang menunjukkan target utama                achieved a KPI realisation of 101.36%, indicating that
Perseroan telah tercapai dengan baik. Capaian tersebut               the Company’s main targets had been successfully
merefleksikan konsistensi langkah strategis Direksi dalam            met. This achievement reflects the consistency of the
mengoptimalkan kinerja bisnis dan operasional Perseroan              Board of Directors’ strategic steps in optimising the
secara berkelanjutan, di tengah dinamika dan tantangan               Company’s business and operational performance in a
lingkungan usaha yang dihadapi. Proses evaluasi dilakukan            sustainable manner, amid the dynamics and challenges
secara menyeluruh terhadap setiap Anggota Direksi,                   of the business environment. The evaluation process
dengan mempertimbangkan berbagai aspek kinerja, mulai                was conducted comprehensively for each member of the
dari pencapaian hasil bisnis, efektivitas operasional, hingga        Board of Directors, taking into account various aspects of
penerapan prinsip tata kelola yang baik. Hasil penilaian             performance, including business results and operational




54                                                                       Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
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06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




tersebut kemudian dilaporkan kepada Pemegang Saham                    effectiveness, as well as the implementation of good
Seri A Dwiwarna sebagai bentuk komitmen Perseroan                     governance principles. The assessment results were
terhadap transparansi dan akuntabilitas dalam setiap                  then reported to the Series A Dwiwarna Shareholders as
tahapan pengelolaan.                                                  part of the Company’s commitment to transparency and
                                                                      accountability at every stage of management.

Bagi Dewan Komisaris, evaluasi kinerja tidak hanya berfungsi          For the Board of Commissioners, performance evaluation
sebagai alat ukur keberhasilan, tetapi juga menjadi sarana            serves not only as a measure of success but also as a means
untuk memperkuat dialog strategis dan kolaborasi yang                 to strengthen strategic dialogue and productive collaboration
produktif dengan Direksi. Dengan hasil yang positif ini,              with the Board of Directors. With these positive results, the
Dewan Komisaris memberikan apresiasi atas kinerja                     Board of Commissioners expresses its appreciation for
Direksi serta meyakini bahwa sinergi yang telah terbangun             the Board of Directors’ performance and believes that the
akan menjadi modal penting bagi Perseroan untuk terus                 synergy built will be an important asset for the Company
berinovasi, beradaptasi, dan tumbuh berkelanjutan di                  to continue innovating, adapting, and growing sustainably
tengah dinamika industri yang terus berkembang.                       amid the ever-evolving dynamics of the industry.

Pengawasan Dewan Komisaris dalam Perumusan                            Board of Commissioners Supervision in
dan Implementasi Strategi Perseroan                                   the Formulation and Implementation of the
                                                                      Company’s Strategy

Dewan Komisaris memiliki peran penting dalam memastikan               The Board of Commissioners plays an important role in
strategi Perseroan dirumuskan dan dijalankan secara                   ensuring that the Company’s strategy is formulated and
efektif. Berdasarkan Surat Keputusan Dewan Komisaris                  implemented effectively. Per the Board of Commissioners’
No. KEP-079/VI/2025 tanggal 4 Juni 2025, bidang tugas                 Decree No. KEP-079/VI/2025 dated June 4, 2025, the duties
Anggota Dewan Komisaris dibagi dalam 6 (enam) bidang                  of the Board of Commissioners are divided into 6 (six)
tugas pengawasan dan pemberian nasihat kepada Direksi,                areas of supervision and advisory services to the Board of
meliputi:                                                             Directors, including:
1. Bidang Kebijakan dan Strategi Pengelolaan Pengusahaan              1. Toll Road Management Policy and Strategy with
    Jalan Tol dengan Sarana Penunjangnya;                                 Supporting Facilities;
2. Bidang Pengelolaan Human Capital dan Transformasi;                 2. Human Capital Management and Transformation;
3. Bidang Pengelolaan Pengembangan Usaha;                             3. Business Development Management;
4. Bidang Pengelolaan Operasi & Pemeliharaan;                         4. Operations & Maintenance Management;
5. BIdang Pengelolaan Bisnis; dan                                     5. Business Management; and
6. Bidang Pengelolaan Keuangan dan Manajemen Risiko.                  6. Financial Management and Risk Management.

Sehubungan dengan adanya penambahan direktorat baru                   In connection with the addition of a new directorate decided
yang diputuskan dalam Rapat Umum Pemegang Saham Luar                  at the Extraordinary General Meeting of Shareholders
Biasa (RUPSLB) tanggal 17 Desember 2025, sampai dengan                (EGMS) on December 17, 2025, until the end of the 2025
akhir tahun buku 2025 Dewan Komisaris tengah melakukan                financial year, the Board of Commissioners is finalising the
finalisasi atas Keputusan Dewan Komisaris mengenai                    Board of Commissioners’ Decision regarding the adjustment
penyesuaian pembagian tugas dan wewenang tersebut.                    of the division of duties and authorities. The decision is
Keputusan dimaksud direncanakan diterbitkan pada periode              planned to be issued in early 2026 as a form of aligning the
awal tahun 2026 sebagai bentuk penyelarasan struktur                  supervisory structure with the dynamics of the Company’s
pengawasan dengan dinamika organisasi Perseroan.                      organisation.

Dewan Komisaris memiliki tanggung jawab dalam                         The Board of Commissioners is responsible for ensuring
memastikan bahwa strategi Perseroan dirumuskan dan                    that the Company’s strategies are properly formulated
diimplementasikan dengan baik. Sesuai dengan Keputusan                and implemented. Per the Board of Commissioners Decree
Dewan Komisaris No. KEP 015/I/2025 tanggal 30 Januari                 No. KEP 015/I/2025 dated January 30, 2025, the Board of
2025, Dewan Komisaris telah menetapkan program kerja                  Commissioners has established a clear and detailed work
yang jelas dan rinci, serta membagi tugas dan tanggung                program and divided the duties and responsibilities of each
jawab masing-masing anggota. Hal ini bertujuan untuk                  member. This aims to ensure that each member of the
memastikan bahwa setiap Anggota Dewan Komisaris dapat                 Board of Commissioners can contribute maximally to the
berkontribusi secara maksimal dalam pengawasan dan                    supervision and decision-making related to the Company’s
pengambilan keputusan yang berhubungan dengan arah                    strategic direction. With an organized structure, the Board
strategis Perseroan. Dengan struktur yang terorganisir,               of Commissioners is committed to performing its functions
Dewan Komisaris berkomitmen untuk melaksanakan                        effectively in supporting the Company’s sustainability and
fungsinya secara efektif dalam mendukung keberlanjutan                growth.
dan pertumbuhan Perseroan.




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01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Sebagai bagian dari fungsi pengawasan, Dewan Komisaris              As part of its supervisory function, the Board of
secara rutin mengadakan rapat untuk memantau kinerja dan            Commissioners regularly holds meetings to monitor
membahas isu-isu strategis yang memerlukan perhatian                performance and discuss strategic issues that require
khusus. Forum tersebut menjadi sarana penting dalam                 special attention. This forum is an important means of
proses pengambilan keputusan yang bersifat kolegial                 collegial decision-making based on comprehensive data
dan berbasis pada data serta analisis yang komprehensif.            and analysis. When necessary, the Board also holds joint
Apabila diperlukan, Dewan Komisaris juga menggelar rapat            meetings with the Board of Directors to obtain in-depth
bersama Direksi untuk memperoleh penjelasan mendalam                explanations on specific agendas that require the Board
terkait agenda tertentu yang membutuhkan rekomendasi                of Commissioners’ recommendations or approval. This
atau persetujuan Dewan Komisaris. Pendekatan kolaboratif            collaborative approach reflects the spirit of openness and
ini mencerminkan semangat keterbukaan dan sinergi antara            synergy between the Board of Commissioners and the
Dewan Komisaris dan Direksi dalam memastikan setiap                 Board of Directors, ensuring that every strategic decision
keputusan strategis didasarkan pada pemahaman yang utuh             is based on a thorough understanding of the Company’s
terhadap tantangan dan peluang yang dihadapi Perseroan.             challenges and opportunities.

Selama periode tahun 2025, Dewan Komisaris telah                    During the 2025 period, the Board of Commissioners held
menyelenggarakan 17 (tujuh belas) Rapat Dewan Komisaris,            17 (seventeen) Board of Commissioners Meetings, with an
dengan tingkat kehadiran Anggota Dewan Komisaris                    attendance rate of 95% among Board of Commissioners
mencapai 95%. Tingkat rata-rata kehadiran yang tinggi               members.     This     high average    attendance   rate
menunjukkan komitmen Anggota Dewan Komisaris,                       demonstrates the commitment of Board of Commissioners
termasuk Komisaris Utama, terhadap tanggung jawabnya                members, including the President Commissioner, to
dan keseriusan dalam menjalankan fungsi pengawasan.                 their responsibilities and seriousness in carrying out
Selain itu, Dewan Komisaris juga melaksanakan 11 (sebelas)          their supervisory functions. In addition, the Board of
Rapat Gabungan sebagai forum koordinasi rutin dengan                Commissioners also held 11 (eleven) Joint Meetings as a
Direksi, yang juga memiliki tingkat kehadiran rata-rata             regular coordination forum with the Board of Directors,
Anggota Dewan Komisaris dan Direksi yang sangat baik,               which also had a very good average attendance rate of
yaitu 98%.                                                          Board of Commissioners and Board of Directors members,
                                                                    namely 98%.

Seluruh keputusan Rapat Dewan Komisaris diambil melalui             All decisions at Board of Commissioners Meetings were
prinsip musyawarah untuk mufakat, dan seluruh hasil                 reached through deliberation to reach consensus, and all
keputusan telah ditindaklanjuti secara konsisten. Mekanisme         decisions were consistently followed up on. This mechanism
ini memastikan setiap pandangan Anggota Dewan Komisaris             ensures that each member’s views are considered in a
diperhitungkan secara seimbang, sehingga keputusan yang             balanced manner, so that the decisions made truly reflect
dihasilkan benar-benar mencerminkan kepentingan terbaik             the Company’s best interests. Through these forums,
bagi Perseroan. Melalui forum-forum tersebut, Dewan                 the Board of Commissioners actively provides strategic
Komisaris secara aktif memberikan arahan dan pandangan              direction and insight to the Board of Directors, including
strategis kepada Direksi, termasuk dalam proses perumusan           in the formulation of short- and long-term policies and in
kebijakan jangka pendek maupun jangka panjang, serta                preparing the Company’s Long-Term Plan (RJPP) for 2025-
penyusunan Rencana Jangka Panjang Perusahaan (RJPP)                 2029. This active role is a tangible manifestation of the
2025–2029. Peran aktif ini menjadi wujud nyata kontribusi           Board’s support for the Company’s Vision and Mission.
Dewan Komisaris dalam mendukung terwujudnya Visi dan
Misi Perseroan.

Sebagai bagian dari tanggung jawab pengawasan, Dewan                As part of its supervisory responsibilities, the Board of
Komisaris secara berkelanjutan melakukan monitoring dan             Commissioners continuously monitors and evaluates
evaluasi atas implementasi strategi dan kinerja Perseroan.          the implementation of the Company’s strategies and
Melalui analisis yang komprehensif, Dewan memberikan                performance. Through comprehensive analysis, the Board
rekomendasi yang relevan untuk memastikan setiap                    provides recommendations to ensure that every strategic
langkah strategis senantiasa selaras dengan dinamika                step aligns with market dynamics and internal company
pasar dan kondisi internal Perseroan. Pendekatan ini tidak          conditions. This approach not only improves operational
hanya meningkatkan efektivitas operasional, tetapi juga             effectiveness but also strengthens the Company’s resilience
memperkuat ketahanan Perseroan dalam mencapai sasaran               in achieving its long-term goals.
jangka panjangnya.

Dalam rangka memperkuat pemantauan terhadap proses                  To strengthen monitoring of business processes, the Board
bisnis, Dewan Komisaris juga melakukan kunjungan kerja              of Commissioners also conducted working visits to various
baik ke Regional maupun ke Anak Perusahaan. Kunjungan               regions and subsidiaries. These visits aimed to review
ini bertujuan untuk meninjau perkembangan proyek                    the progress of toll road construction projects, as well




56                                                                      Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




pembangunan jalan tol, serta mengevaluasi pengembangan                as evaluate operational business development and new
bisnis operasional dan potensi bisnis baru. Di tahun 2025,            business potential. In 2025, the Board of Commissioners
Dewan Komisaris melakukan 6 (enam) kunjungan kerja                    conducted 6 (six) working visits to toll road projects, both
ke proyek-proyek jalan tol, baik yang masih dalam tahap               those still under construction and those already in operation.
konstruksi maupun yang sudah beroperasi. Kunjungan                    These visits provided direct insight into the challenges and
ini memberikan wawasan langsung tentang tantangan                     opportunities, enabling the Board of Commissioners to
dan peluang yang dihadapi, serta memungkinkan Dewan                   provide more targeted guidance based on field information.
Komisaris untuk memberikan arahan yang lebih tepat
sasaran berdasarkan informasi lapangan.

Pengawasan yang dilakukan Dewan Komisaris atas                        The Board of Commissioners’ supervision of the formulation
perumusan dan pelaksanaan strategi Perseroan merupakan                and implementation of the Company’s strategy is a tangible
wujud nyata penerapan prinsip GCG. Melalui koordinasi                 manifestation of the application of GCG principles. Through
yang sinergis dengan Direksi, Dewan Komisaris memastikan              synergistic coordination with the Board of Directors, the
setiap kebijakan strategis dijalankan secara konsisten,               Board of Commissioners ensures that every strategic policy
transparan, dan berorientasi pada penciptaan nilai jangka             is implemented consistently, transparently, and with a focus
panjang. Secara keseluruhan, komitmen ini memperkuat                  on creating long-term value. Overall, this commitment
peran Dewan Komisaris dalam mendorong pertumbuhan                     strengthens the Board of Commissioners’ role in driving
berkelanjutan, menjaga ketahanan bisnis, dan memastikan               sustainable growth, maintaining business resilience, and
Perseroan tetap kompetitif di tengah dinamika lingkungan              ensuring the Company remains competitive amid the ever-
usaha yang terus berkembang.                                          evolving business environment.


Pandangan atas Prospek Usaha Perseroan                                Outlook On the Company’s Business
                                                                      Prospects
Dewan Komisaris memandang tahun 2026 sebagai periode                  The Board of Commissioners views 2026 as a period of solid
dengan peluang pertumbuhan yang solid, didukung oleh                  growth opportunities, supported by a conducive industrial
iklim industri yang kondusif, stabilitas makroekonomi                 climate, maintained national macroeconomic stability, and
nasional yang terjaga, serta berlanjutnya agenda                      the continuation of the Government’s strategic infrastructure
pembangunan infrastruktur strategis Pemerintah. Proyeksi              development agenda. Indonesia’s prospective economic
pertumbuhan ekonomi Indonesia yang prospektif, selaras                growth projections, in line with fiscal policies that remain
dengan kebijakan fiskal yang tetap pro-investasi, menjadi             pro-investment, form a foundation that strengthens demand
fondasi yang memperkuat permintaan terhadap layanan                   for transportation services and toll road connectivity.
transportasi dan konektivitas jalan tol.

Sejalan dengan dinamika industri dan arah kebijakan                   In line with industry dynamics and strategic policy directions,
strategis, Perseroan memandang bahwa strategi penguatan               the Company believes that its portfolio strengthening
portofolio yang telah dijalankan akan semakin relevan pada            strategy will become increasingly relevant in 2026. The
tahun 2026. Optimalisasi aset yang sudah beroperasi,                  optimization of existing assets, improvement of operational
peningkatan kinerja operasi dan pemeliharaan, serta                   and maintenance performance, and expansion of non-toll
perluasan bisnis non-tol diharapkan memberikan kontribusi             road businesses are expected to contribute more steadily
yang semakin stabil terhadap pendapatan Perseroan.                    to the Company’s revenue. This step is part of Jasa Marga’s
Langkah ini merupakan bagian dari strategi jangka panjang             long-term strategy to create a balance between expansion
Jasa Marga untuk menciptakan keseimbangan antara                      and profitability.
ekspansi dan profitabilitas.

Selain itu, Dewan Komisaris meyakini bahwa transformasi               In addition, the Board of Commissioners believes that
digital akan menjadi keunggulan kompetitif Perseroan                  digital transformation will be the Company’s competitive
dalam mengelola pertumbuhan di tahun 2026. Implementasi               advantage in managing growth in 2026. The implementation
teknologi cerdas serta sistem manajemen operasi digital               of smart technology and an integrated digital operations
terintegrasi akan semakin meningkatkan kualitas layanan,              management system will further improve service quality,
efisiensi operasional, dan ketepatan pengambilan keputusan            operational efficiency, and the accuracy of data-driven
berbasis data. Pemanfaatan teknologi juga memungkinkan                decision making. The use of technology also enables the
Perseroan memperkuat pengalaman pengguna jalan tol                    Company to strengthen the overall experience of toll road
secara menyeluruh, mendukung keselamatan, kelancaran,                 users, supporting safety, smoothness, and comfort while
dan kenyamanan dalam berkendara.                                      driving.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                57
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01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Dari perspektif pendanaan, stabilitas perekonomian dan              From a funding perspective, economic stability and
kondisi pasar keuangan nasional yang kondusif memberikan            favorable national financial market conditions provide room
ruang bagi Jasa Marga untuk menjalankan strategi                    for Jasa Marga to implement a prudent and sustainable
pembiayaan yang prudent dan berkelanjutan. Optimalisasi             financing strategy. Optimizing the asset recycling scheme
skema asset recycling dan diversifikasi sumber pendanaan            and diversifying funding sources are important pillars in
menjadi salah satu pilar penting dalam menjaga struktur             maintaining a healthy capital structure and supporting
permodalan yang sehat dan mendukung ekspansi usaha                  measured business expansion.
secara terukur.

Dengan mempertimbangkan keseluruhan faktor tersebut,                Considering all these factors, the Board of Commissioners
Dewan Komisaris memandang prospek usaha Perseroan                   views the Company’s business prospects in 2026 as being
pada tahun 2026 berada pada jalur pertumbuhan yang tepat            on the right track for sustainable growth. Through a focus
dan berkelanjutan. Melalui fokus pada penguatan portofolio,         on strengthening the portfolio, service innovation, digital
inovasi layanan, transformasi digital, serta kolaborasi             transformation, and strategic collaboration with various
strategis dengan berbagai pemangku kepentingan, Dewan               stakeholders, the Board of Commissioners is optimistic that
Komisaris optimistis bahwa Perseroan dapat terus berperan           the Company can continue to play a leading role in national
sebagai penggerak utama konektivitas nasional dan                   connectivity and provide added value to the Indonesian
memberikan nilai tambah bagi perekonomian Indonesia.                economy.



Pandangan atas Penerapan Tata Kelola                                Perspective on Corporate Governance
                                                                    Implementation
Dewan Komisaris menegaskan bahwa Perseroan tetap                    The Board of Commissioners emphasizes that the Company
memegang teguh komitmen dalam menjunjung tinggi                     remains firmly committed to upholding the implementation
penerapan Tata Kelola Perusahaan yang Baik (GCG), serta             of Good Corporate Governance (GCG) and consistently
secara konsisten melaksanakan asesmen GCG, selain                   conducts GCG assessments. This is carried out not only
sebagai amanat Peraturan Menteri BUMN, juga sebagai                 as a mandate of the Regulation of the Minister of State-
salah satu upaya dalam menilai efektivitas implementasi             Owned Enterprises, but also as one of the efforts to
GCG di Perseroan. Dalam melakukan penilaian, Perseroan              evaluate the effectiveness of GCG implementation within
menggunakan kriteria/parameter Otoritas Jasa Keuangan               the Company. In conducting the assessment, the Company
(OJK), Pedoman Umum Governansi Korporat Indonesia                   applies the criteria/parameters of the Financial Services
(PUGKI), dan ASEAN Corporate Governance Scorecard                   Authority (OJK), the Indonesian General Guidelines on
(ACGS), yang kami laksanakan pada tahun 2025 baik secara            Corporate Governance (PUGKI), and the ASEAN Corporate
mandiri (self-assessment) maupun oleh pihak independen.             Governance Scorecard (ACGS), which were implemented
Pada kriteria OJK dan PUGKI, Perseroan telah dominan                in 2025 both through self-assessment and assessments
dalam menerapkan dan mematuhi rekomendasi yang ada.                 by independent parties. Under the OJK and PUGKI criteria,
Lebih lanjut, berdasarkan parameter ACGS, Perseroan                 the Company has predominantly implemented and complied
berhasil memperoleh skor sebesar 103,46 dengan predikat             with the existing recommendations. Furthermore, based on
“Leadership in Corporate Governance”, suatu pencapaian              the ACGS parameters, the Company successfully achieved
yang menempatkan skor total kami di atas rata-rata                  a score of 103.46 with the designation “Leadership in
perusahaan publik kategori Big Cap, sekaligus membuktikan           Corporate Governance,” an achievement that places our
bahwa praktik GCG kami telah mengadopsi sebagian besar              total score above the average of Big Cap public companies
standar internasional.                                              and demonstrates that our GCG practices have adopted
                                                                    most international standards.

Di sisi lain, Dewan Komisaris menilai bahwa penerapan               On the other hand, the Board of Commissioners assessed
manajemen risiko dan pengendalian internal juga telah               that the implementation of risk management and internal
berjalan secara terintegrasi dengan tata kelola korporasi.          control has also been integrated with corporate governance.
Fungsi Enterprise Risk Management (ERM) diperkuat dengan            The Enterprise Risk Management (ERM) function is
pendekatan risk-based decision making yang memastikan               strengthened by a risk-based decision-making approach
setiap keputusan strategis mempertimbangkan aspek risiko,           that ensures every strategic decision considers aspects
peluang, dan keberlanjutan usaha. Penerapan sistem digital          of risk, opportunity, and business sustainability. The
seperti Jasamarga Risk Management Information System                implementation of digital systems such as the Jasamarga
(JRMIS) serta pelaksanaan risk awareness program secara             Risk Management Information System (JRMIS) and the
rutin menunjukkan bahwa manajemen risiko telah menjadi              routine implementation of risk awareness programs
bagian dari budaya kerja yang melekat dalam organisasi.             demonstrate that risk management has become an integral
                                                                    part of the organization’s work culture.

Dari sisi budaya integritas dan pengendalian kecurangan,            In terms of integrity, culture, and fraud control, the Board
Dewan Komisaris mengapresiasi langkah Perseroan dalam               appreciates the Company’s steps to expand the Anti-Bribery
memperluas sertifikasi Sistem Manajemen Anti Penyuapan              Management System (SMAP ISO 37001:2016) certification
(SMAP ISO 37001:2016) ke berbagai entitas anak, serta               to various subsidiaries and to strengthen the effectiveness



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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




memperkuat efektivitas Whistleblowing System (WBS).                   of the Whistleblowing System (WBS). The whistleblowing
Sistem pelaporan pelanggaran tersebut telah dioptimalkan              system has been optimized for security, confidentiality, and
baik dari sisi keamanan, kerahasiaan, maupun tindak lanjut            complaint follow-up, thereby fostering an open and ethical
pengaduan, yang terbukti efektif dalam membangun iklim                organizational climate. In addition, periodic activities carried
organisasi yang terbuka dan beretika. Di samping itu,                 out to enhance awareness of Good Corporate Governance
kegiatan-kegiatan dalam rangka meningkatkan awareness                 (GCG) have further strengthened ethical awareness and
terkait GCG yang dilaksanakan secara periodik turut                   individual responsibility across all levels of the organization.
memperkuat kesadaran etika dan tanggung jawab individu
di seluruh jenjang organisasi.

Dalam konteks pencapaian tata kelola, Dewan Komisaris                 In the context of governance achievements, the Board of
memberikan apresiasi atas keberhasilan Perseroan dalam                Commissioners extends its appreciation for the Company’s
perolehan penghargaan di bidang GRC (Governance,                      success in receiving awards in the field of GRC (Governance,
Risk, and Compliance) yang menegaskan pengakuan                       Risk, and Compliance), which affirms external recognition
eksternal atas kualitas penerapan GCG di Jasa Marga.                  of the quality of GCG implementation at Jasa Marga. The
Penerapan prinsip keberlanjutan (Environmental, Social,               application of sustainability principles (Environmental,
and Governance – ESG) juga semakin diperkuat melalui                  Social, and Governance – ESG) has also been further
kebijakan Green Financing, efisiensi energi, pengelolaan              strengthened through Green Financing policies, energy
emisi, serta pengembangan rest area hijau sebagai wujud               efficiency initiatives, emissions management, and the
tanggung jawab sosial dan lingkungan.                                 development of green rest areas as a manifestation of the
                                                                      Company’s social and environmental responsibility.

Secara keseluruhan, Dewan Komisaris berpendapat bahwa                 Overall, the Board of Commissioners believes that the Board
Direksi telah menunjukkan komitmen yang kuat dalam                    of Directors has demonstrated a strong commitment to
membangun sistem tata kelola yang efektif, adaptif, dan               building an effective, adaptive, and competitive governance
berdaya saing. Dewan Komisaris mendorong agar Perseroan               system. The Board encourages the Company to continue
terus memperkuat sinergi antara GCG, manajemen risiko,                strengthening the synergy among GCG, risk management,
dan ESG sebagai satu kesatuan yang tak terpisahkan dalam              and ESG as an inseparable whole to create sustainable
menciptakan nilai berkelanjutan (sustainable value). Dengan           value. With the strengthening of holistic, integrity-based
penguatan tata kelola yang holistik dan berintegritas, Jasa           governance, Jasa Marga is believed to be able to maintain
Marga diyakini mampu mempertahankan reputasi sebagai                  its reputation as a trusted, resilient national infrastructure
Perusahaan infrastruktur nasional yang terpercaya, tangguh,           corporation that delivers broad benefits to all stakeholders.
dan memberikan manfaat luas bagi seluruh pemangku
kepentingan.


Capaian Program Kerja dan Pelaksanaan                                 Achievements of the Board of
Tugas Dewan Komisaris                                                 Commissioners’ Work Program and
                                                                      Implementation of Duties
Dalam melaksanakan mandat pengawasan, Dewan Komisaris                 In carrying out its supervisory mandate, the Board
senantiasa menjunjung tinggi efektivitas, independensi,               of   Commissioners     always    upholds    effectiveness,
dan kepatuhan terhadap seluruh ketentuan perundang-                   independence, and compliance with all applicable laws
undangan yang berlaku. Setiap arahan dan keputusan                    and regulations. Every directive and decision is always
senantiasa didasarkan pada penerapan prinsip-prinsip GCG              based on the application of GCG principles to ensure that
guna memastikan bahwa pengelolaan Perseroan berjalan                  the Company is managed with integrity, transparency, and
dengan integritas, transparansi, serta akuntabilitas yang             adequate accountability. Through this commitment, the
memadai. Melalui komitmen tersebut, Dewan Komisaris                   Board of Commissioners strives to strengthen investor and
berupaya memperkuat kepercayaan investor dan para                     stakeholder confidence in the Company’s performance.
pemangku kepentingan atas keberlangsungan kinerja
Perseroan.

Sebagai bagian dari mekanisme tata kelola, Dewan                      As part of the governance mechanism, the Board of
Komisaris menyusun program kerja tahunan yang                         Commissioners prepares an annual work program, the
pelaksanaannya dievaluasi secara berkala dan dituangkan               implementation of which is evaluated periodically and




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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




dalam laporan pengawasan Dewan Komisaris. Laporan                   documented in the Board of Commissioners’ supervision
tersebut menjadi instrumen penting untuk menilai efektivitas        report. This report is an important instrument for assessing
fungsi pengawasan sekaligus bentuk pertanggungjawaban               the effectiveness of the supervisory function and a
Dewan Komisaris kepada para pemegang saham melalui                  form of accountability of the Board of Commissioners to
penyampaian Laporan Pengawasan Dewan Komisaris                      shareholders, as it is presented at the Annual General
dalam Rapat Umum Pemegang Saham (RUPS) Tahunan.                     Meeting of Shareholders (GMS) Supervisory Board
Proses evaluatif ini memastikan bahwa Dewan Komisaris               Report. This evaluative process ensures that the Board
terus meningkatkan kapasitas dan ketanggapan dalam                  of Commissioners continues to improve its capacity and
menjalankan perannya.                                               responsiveness in carrying out its role.

Sepanjang tahun 2025, seluruh program kerja yang                    Throughout 2025, all of the established work programs were
telah ditetapkan berhasil direalisasikan dengan baik oleh           successfully implemented by all members of the Board of
seluruh Anggota Dewan Komisaris. Capaian tersebut                   Commissioners. These achievements were presented at
telah disampaikan dalam RUPS Tahunan sebagai bagian                 the Annual GMS as part of the supervisory report, including
dari laporan pelaksanaan tugas pengawasan, termasuk                 measures to strengthen the GCG implementation across all
langkah-langkah penguatan penerapan GCG di seluruh                  lines of the Company. This success reflects the dedication of
lini Perseroan. Keberhasilan ini mencerminkan dedikasi              the Board of Commissioners’ to ensuring that the Company’s
Anggota Dewan Komisaris dalam memastikan pengelolaan                management aligns with high governance standards. With
Perseroan berlangsung selaras dengan standar tata kelola            these achievements, the Board of Commissioners affirms its
yang tinggi. Dengan pencapaian tersebut, Dewan Komisaris            role as an active, effective, and quality-oriented supervisor
menegaskan perannya sebagai pengawas yang aktif,                    focused on the Company’s operational sustainability.
efektif, dan berorientasi pada peningkatan kualitas serta
keberlanjutan operasional Perseroan.

Sepanjang tahun 2025 Dewan Komisaris telah melaksanakan             Throughout 2025, the Board of Commissioners has carried
fungsi, tugas, dan tanggung jawabnya, yang tertuang dalam           out its functions, duties, and responsibilities, which are
beberapa program kerja besar, meliputi:                             outlined in several major work programs, including:

•    Pengusulan Kantor Akuntan Publik (KAP) untuk                   •   Proposal of Public Accounting Firm (KAP) to be
     Disetujui dan Ditetapkan oleh Rapat Umum Pemegang                  Approved and Appointed by the General Meeting of
     Saham (RUPS)                                                       Shareholders (GMS)
     Dewan Komisaris memegang peran strategis dalam                     The Board of Commissioners plays a strategic role in
     memastikan laporan keuangan Perseroan diaudit oleh                 ensuring that the Company’s financial statements are
     auditor independen dan profesional. Sehubungan                     audited by independent and professional auditors. In
     dengan itu, Dewan Komisaris menyetujui pengusulan                  this regard, the Board of Commissioners approved the
     Kantor Akuntan Publik Amir Abadi Jusuf, Aryanto, Mawar             proposal of Public Accounting Firm Amir Abadi Jusuf,
     & Rekan (Anggota Jaringan Global RSM) sebagai auditor              Aryanto, Mawar & Partners (Member of the RSM Global
     laporan keuangan konsolidasian Perseroan serta laporan             Network) as the auditor of the Company’s consolidated
     Program Pendanaan Usaha Mikro dan Usaha Kecil                      financial statements and the 2025 Micro and Small
     (PUMK) tahun 2025.                                                 Business Funding Program (PUMK) report.

     Pengusulan tersebut dilakukan melalui proses evaluasi              The proposal was made through an in-depth evaluation
     mendalam dengan mempertimbangkan rekam jejak,                      process that took into account the track record,
     reputasi, serta kapabilitas KAP dalam memberikan                   reputation, and capabilities of the public accounting
     layanan audit berkualitas tinggi. Setelah melalui                  firm in providing high-quality audit services. After a
     penilaian yang komprehensif, rekomendasi ini diajukan              comprehensive assessment, this recommendation
     kepada RUPS untuk memperoleh persetujuan, termasuk                 was submitted to the GMS for approval, including the
     pelimpahan kewenangan kepada Dewan Komisaris                       delegation of authority to the Board of Commissioners
     untuk menetapkan besaran imbalan jasa audit, potensi               to determine the amount of audit fees, potential
     penambahan ruang lingkup, serta persyaratan lain yang              additions to the scope, and other requirements deemed
     dinilai wajar bagi KAP yang ditunjuk.                              reasonable for the appointed Public Accounting Firm.

•    Pemberian Persetujuan dan Penetapan RKAP 2025                  •   Approval and Determination of the 2025 RKAP
     Dewan Komisaris memberikan persetujuan dan                         The Board of Commissioners approved and determined
     penetapan atas RKAP 2025 melalui Surat Keputusan                   the 2025 RKAP through Decree of the Board of
     Dewan Komisaris PT Jasa Marga (Persero) Tbk nomor                  Commissioners of PT Jasa Marga (Persero) Tbk Number
     KEP-015/I/2025 tanggal 30 Januari 2025, sebagai                    KEP-015/I/2025 dated January 30, 2025, as part of
     bagian dari upaya memastikan Perseroan memiliki arah               efforts to ensure that the Company has a clear strategic




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




     strategis yang jelas untuk tahun mendatang. Penyusunan                direction for the coming year. The RKAP was prepared
     RKAP dilakukan melalui analisis komprehensif terhadap                 through a comprehensive analysis of the previous year’s
     kinerja tahun sebelumnya, proyeksi pasar, serta rencana               performance, market projections, and strategic plans in
     strategis yang selaras dengan tujuan jangka panjang                   line with the Company’s long-term objectives.
     Perseroan.

     Dalam prosesnya, Dewan Komisaris berkoordinasi                        In the process, the Board of Commissioners coordinated
     dengan Komite di bawah Dewan Komisaris dan Direksi                    with the Committees under the Board of Commissioners
     untuk merumuskan RKAP yang mencakup sasaran                           and the Board of Directors to formulate the RKAP, which
     utama, program kerja prioritas, dan alokasi anggaran                  includes key objectives, priority work programs, and the
     yang diperlukan guna mencapai target yang telah                       necessary budget allocations to achieve the set targets.
     ditetapkan.

     RKAP yang ditetapkan tersebut menjadi pedoman                         The approved RKAP serves as the main guideline for
     utama dalam pengelolaan operasional Perseroan                         the Company’s operational management throughout
     sepanjang tahun 2025. Dewan Komisaris menegaskan                      2025. The Board of Commissioners emphasizes the
     pentingnya pelaksanaan RKAP secara konsisten dan                      importance of consistent and effective implementation
     efektif agar setiap program berjalan sesuai rencana dan               of the RKAP so that each program runs according to plan
     mampu memberikan kontribusi positif terhadap kinerja                  and is able to contribute positively to the Company’s
     Perseroan.                                                            performance.

•    Pengawasan terhadap Kebijakan dan Pelaksanaan                    •    Supervision of Policies and Implementation of
     Pengelolaan Anak Perusahaan                                           Subsidiary Management
     Salah satu fokus utama Dewan Komisaris adalah                         One of the main focuses of the Board of Commissioners
     melakukan     pengawasan       atas    kebijakan dan                  is to supervise the policies and implementation of
     implementasi pengelolaan Anak Perusahaan. Mengingat                   Subsidiary management. Given the strategic role of
     peran strategis anak perusahaan dalam mendukung                       subsidiaries in supporting the Company’s growth and
     pertumbuhan dan keberlanjutan Perseroan, Dewan                        sustainability, the Board of Commissioners ensures that
     Komisaris memastikan bahwa kebijakan yang dijalankan                  the policies implemented are in line with the Company’s
     selaras dengan visi, strategi, dan arah pengembangan                  vision, strategy, and development direction. Through
     Perseroan. Melalui pemantauan yang intensif, Dewan                    intensive monitoring, the Board of Commissioners seeks
     Komisaris berupaya mengidentifikasi tantangan yang                    to identify challenges faced by subsidiaries and provide
     dihadapi Anak Perusahaan serta memberikan dukungan                    the necessary support to resolve them.
     yang diperlukan untuk penyelesaiannya.

     Melalui kunjungan kerja dan rapat koordinasi berkala,                 Through regular working visits and coordination
     Dewan Komisaris memperoleh pemahaman langsung                         meetings, the Board of Commissioners gains a
     mengenai kondisi operasional Anak Perusahaan.                         direct understanding of the operational conditions
     Pendekatan ini memungkinkan Dewan Komisaris menilai                   of subsidiaries. This approach enables the Board of
     kinerja secara objektif sekaligus memberikan arahan                   Commissioners to assess performance objectively
     strategis yang relevan dalam proses pengambilan                       while providing relevant strategic direction in the
     keputusan. Dengan pengawasan yang proaktif, Dewan                     decision-making process. With proactive supervision,
     Komisaris berkomitmen memastikan setiap Anak                          the Board of Commissioners is committed to ensuring
     Perusahaan beroperasi secara optimal dan memberikan                   that each Subsidiary operates optimally and contributes
     kontribusi signifikan terhadap pencapaian tujuan                      significantly to the achievement of the Company’s
     Perseroan.                                                            objectives.

•    Arahan atas Implementasi Rencana dan Kebijakan                   •    Direction on the Implementation of the Company’s
     Perseroan                                                             Plans and Policies
     Dewan Komisaris memberikan arahan yang jelas dan                      The Board of Commissioners provides clear and
     strategis terkait implementasi rencana dan kebijakan                  strategic guidance regarding the implementation
     Perseroan. Arahan tersebut mencakup berbagai aspek                    of the Company’s plans and policies. This guidance
     yang disesuaikan dengan dinamika bisnis, tantangan                    covers various aspects tailored to business dynamics,
     yang dihadapi, serta aspirasi pemegang saham dan                      challenges faced, and the aspirations of shareholders
     pemangku kepentingan lainnya. Dengan panduan ini,                     and other stakeholders. With this guidance, the Board
     Dewan Komisaris memastikan bahwa setiap langkah                       of Commissioners ensures that every step taken by the
     yang diambil Direksi tetap selaras dengan tujuan jangka               Board of Directors remains in line with the Company’s
     panjang Perseroan.                                                    long-term objectives.




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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




     Dalam pelaksanaannya, Dewan Komisaris memfokuskan                  In its implementation, the Board of Commissioners
     pengawasan pada efektivitas implementasi rencana                   focuses its supervision on the effectiveness of the
     yang telah disetujui. Melalui rapat koordinasi dan                 implementation of approved plans. Through coordination
     diskusi intensif, Dewan Komisaris memberikan masukan               meetings and intensive discussions, the Board of
     konstruktif sekaligus mengidentifikasi potensi risiko              Commissioners provides constructive input while
     yang perlu diantisipasi. Dengan pendekatan tersebut,               identifying potential risks that need to be anticipated.
     Dewan Komisaris berperan aktif mendukung Direksi agar              With this approach, the Board of Commissioners plays
     setiap kebijakan yang dijalankan mampu memberikan                  an active role in supporting the Board of Directors so
     dampak positif terhadap kinerja Perseroan.                         that every policy implemented can have a positive
                                                                        impact on the Company’s performance.

•    Arahan Terkait Keberlanjutan Bisnis dan Peningkatan            •   Directions Related to Business Sustainability and
     Daya Saing                                                         Competitiveness Improvement
     Dewan Komisaris memahami bahwa keberlanjutan                       The Board of Commissioners understands that
     berbasis Environmental, Social, and Governance                     sustainability based on Environmental, Social, and
     (ESG) merupakan elemen penting dalam menjawab                      Governance (ESG) is an important element in responding
     tantangan industri yang semakin kompetitif. Untuk itu,             to increasingly competitive industry challenges. To that
     Dewan Komisaris memberikan arahan strategis terkait                end, the Board of Commissioners provides strategic
     pengembangan kebijakan keberlanjutan yang selaras                  directions related to the development of sustainability
     dengan tren pasar dan kebutuhan masyarakat. Dalam                  policies that are in line with market trends and
     arahan tersebut, Dewan Komisaris mendorong Direksi                 community needs. In these guidelines, the Board of
     untuk terus berinovasi dan meningkatkan kualitas                   Commissioners encourages the Board of Directors to
     layanan, sehingga Perseroan dapat mempertahankan                   continue innovating and improving service quality so
     daya saing dan memiliki fondasi yang kuat untuk                    that the Company can maintain its competitiveness and
     bertumbuh secara berkelanjutan di tengah dinamika                  have a strong foundation for sustainable growth amid
     pasar.                                                             market dynamics.

     Penguatan fondasi kinerja tidak hanya ditopang                     Strengthening the performance foundation is not only
     oleh kualitas, tetapi juga oleh efisiensi operasional              supported by quality, but also by operational efficiency
     dan pengelolaan sumber daya yang berkelanjutan.                    and sustainable resource management. The Board
     Dewan Komisaris berkomitmen memastikan strategi                    of Commissioners is committed to ensuring that the
     keberlanjutan yang dijalankan mampu memberikan nilai               sustainability strategy implemented is able to provide
     jangka panjang bagi Perseroan sekaligus memberikan                 long-term value for the Company while making a positive
     kontribusi positif bagi pembangunan sosial dan                     contribution to social and environmental development.
     lingkungan.

•    Arahan Terkait Penguatan Sistem Pengendalian                   •   Directions Related to Strengthening the Internal
     Internal                                                           Control System
     Penguatan sistem pengendalian internal terus menjadi               Strengthening the internal control system continues
     perhatian utama Dewan Komisaris dalam pelaksanaan                  to be a major concern for the Board of Commissioners
     fungsi pengawasan. Dewan Komisaris memahami                        in carrying out its supervisory function. The Board of
     bahwa kualitas sistem ini sangat menentukan terjaganya             Commissioners understands that the quality of this
     integritas laporan keuangan serta kepatuhan operasional            system is crucial in maintaining the integrity of financial
     terhadap kebijakan yang berlaku. Untuk itu, Dewan                  reports and operational compliance with applicable
     Komisaris mendorong dilakukannya evaluasi menyeluruh               policies. To that end, the Board of Commissioners
     dan peningkatan berkelanjutan guna mendeteksi                      encourages comprehensive evaluation and continuous
     potensi kelemahan sekaligus memperkuat mekanisme                   improvement to detect potential weaknesses and
     pengendalian yang ada.                                             strengthen existing control mechanisms.

     Selain itu, Dewan Komisaris mengarahkan Direksi untuk              In addition, the Board of Commissioners directs the
     memastikan bahwa penerapan pengendalian internal                   Board of Directors to ensure that the implementation
     melibatkan seluruh lini organisasi. Dengan pemahaman               of internal controls involves all lines of the organization.
     yang merata mengenai pentingnya tata kelola yang                   With a shared understanding of the importance of good
     baik, setiap karyawan diharapkan dapat berperan aktif              governance, every employee is expected to play an
     dalam menjaga disiplin, transparansi, dan kepatuhan                active role in maintaining discipline, transparency, and
     operasional. Pendekatan ini diharapkan membentuk                   operational compliance. This approach is expected to
     budaya Perseroan yang lebih kuat dan konsisten dalam               foster a stronger and more consistent corporate culture
     menerapkan prinsip-prinsip pengendalian internal.                  in applying internal control principles.




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




•    Arahan Terkait Efektivitas Sistem Manajemen Risiko               •    Directions Related to the Effectiveness of the
     Perseroan                                                             Company’s Risk Management System
     Dewan Komisaris memandang penguatan sistem                            The Board of Commissioners views the strengthening
     manajemen risiko sebagai elemen krusial dalam menjaga                 of the risk management system as a crucial element in
     ketahanan Perseroan di tengah ketidakpastian. Seiring                 maintaining the Company’s resilience amid uncertainty.
     dengan meningkatnya potensi risiko dari berbagai aspek,               Along with the increasing potential for risk from various
     Dewan Komisaris menekankan perlunya penerapan                         aspects, the Board of Commissioners emphasizes the
     manajemen risiko yang terstruktur dan berkelanjutan.                  need for structured and sustainable risk management.
     Fokus arahan ini mencakup pembangunan kerangka kerja                  This directive focuses on developing a framework
     yang mampu mengenali, menilai, dan mengendalikan                      capable of identifying, assessing, and controlling risks
     risiko yang dapat memengaruhi operasional, kinerja                    that may affect the Company’s operations, financial
     keuangan, maupun reputasi Perseroan.                                  performance, and reputation.

     Dalam pelaksanaannya, Dewan Komisaris memastikan                      In its implementation, the Board of Commissioners
     Direksi terlibat aktif dalam proses pengelolaan risiko,               ensures that the Board of Directors is actively involved in
     sehingga setiap temuan dapat ditindaklanjuti melalui                  the risk management process, so that each finding can
     strategi yang responsif dan tepat sasaran. Dewan                      be followed up with responsive and targeted strategies.
     Komisaris juga mendorong penyajian laporan risiko yang                The Board of Commissioners also encourages the
     transparan sebagai dasar bagi pengambilan keputusan                   presentation of transparent risk reports as a basis for
     strategis. Dengan pendekatan yang lebih menyeluruh                    strategic decision making. With a more comprehensive
     dan sistematis, Perseroan diharapkan memiliki                         and systematic approach, the Company is expected
     ketahanan yang kuat sekaligus kesiapan menghadapi                     to have strong resilience and readiness to face various
     berbagai tantangan di masa depan.                                     challenges in the future.


Penilaian Kinerja Dewan Komisaris Tahun                               Performance Assessment of the Board of
2025                                                                  Commissioners in 2025
Penilaian kinerja seluruh Anggota Dewan Komisaris,                    The performance assessment of the Board of
termasuk Komisaris Utama, dilakukan berdasarkan pedoman               Commissioners, including the President Commissioner, is
self-assessment kinerja Dewan Komisaris yang ditetapkan               conducted based on the guidelines for self-assessment
dalam Keputusan Dewan Komisaris No. 125/X/2019 tanggal                of the Board of Commissioners’ performance as stipulated
18 Oktober 2019 tentang Penetapan Revisi Sistem Self-                 in Board of Commissioners Decree No. 125/X/2019 dated
Assessment Kinerja Dewan Komisaris PT Jasa Marga                      October 18, 2019, on the Determination of Revisions to the
(Persero) Tbk. Penilaian kinerja dimaksud dilaksanakan                Self-Assessment System for the Performance of the Board
setiap akhir Triwulan, termasuk setiap akhir Triwulan                 of Commissioners of PT Jasa Marga (Persero) Tbk. The
IV menjelang akhir tahun buku untuk penilaian 1 (satu)                performance evaluation is conducted at the end of each
tahun buku secara keseluruhan. Hasil penilaian dimaksud               quarter, including at the end of the fourth quarter prior to
disampaikan kepada Pemegang Saham Seri A Dwiwarna.                    the close of the financial year for the assessment of the full
                                                                      one-year financial period. The results of the evaluation are
                                                                      submitted to the Series A Dwiwarna Shareholder.

Sesuai dengan pedoman self-assessment kinerja Dewan                   In accordance with the Board of Commissioners’ self-
Komisaris, hasil penilaian kinerja Dewan Komisaris tahun              assessment guidelines, the results for 2025 are 5.0 or 100%,
2025 secara self-assessment adalah sebesar 5,0 atau 100%              in line with the target set for 2025. This score is maintained
sesuai dengan target yang ditetapkan untuk tahun 2025.                from the previous year, when the Board of Commissioners
Skor tersebut dipertahankan dari tahun sebelumnya, dimana             aspect scored 5.0 or 100%.
skor tahun lalu untuk aspek Dewan Komisaris adalah 5,0
atau 100%.


Penilaian Kinerja Komite yang Berada di                               Performance Assessment of Committees
Bawah Dewan Komisaris                                                 Under the Board of Commissioners
Dewan Komisaris membawahi komite-komite yang akan                     The Board of Commissioners oversees committees that
membantu pelaksanaan tugasnya. Setiap tahun Dewan                     assist in carrying out its duties. Each year, the Board
Komisaris memberikan penilaian terhadap kinerja masing-               of Commissioners assesses the performance of each
masing Komite sesuai dengan tugas dan tanggung jawab                  Committee in accordance with its duties and responsibilities,
yang diembannya berdasarkan piagam/charter masing-                    as defined in each Committee’s charter. The performance
masing Komite. Prosedur penilaian kinerja Komite di bawah             assessment procedure for Committees under the Board




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Dewan Komisaris dilakukan dengan mengevaluasi rencana                   of Commissioners is carried out by evaluating the annual
program kerja tahunan serta KPI masing-masing Komite                    work program plans and KPIs for each Committee, as
yang telah disepakati bersama dengan Dewan Komisaris                    agreed with the Board of Commissioners, as well as
beserta realisasinya. Sementara itu, kriteria penilaian                 their actual performance. Meanwhile, the criteria for
kinerja Komite di bawah Dewan Komisaris didasari oleh                   assessing the performance of the Committees under the
perbandingan pencapaian kinerja masing-masing Komite                    Board of Commissioners are based on comparisons of
dengan target KPI sesuai rencana program kerja tahunan                  each Committee’s performance against its KPI targets, in
yang telah ditetapkan pada tahun buku berjalan.                         accordance with the annual work program for the current
                                                                        fiscal year.

Berdasarkan hasil evaluasi yang dilakukan oleh Dewan                    Based on the evaluation conducted by the Board of
Komisaris pada tahun 2025, seluruh Komite dinilai telah                 Commissioners in 2025, all Committees were considered to
menjalankan tugas dan tanggung jawabnya dengan secara                   have carried out their duties and responsibilities optimally,
optimal, intensif, efektif dan berkelanjutan sehingga                   intensively, effectively, and on a sustainable basis, resulting
menghasilkan kinerja yang sangat baik. Dewan Komisaris                  in very strong performance. The Board of Commissioners
menyampaikan apresiasi atas kinerja tersebut serta menilai              expresses its appreciation for this achievement and
bahwa Komite-komite telah memberikan kontribusi yang                    acknowledges that the Committees have made significant
berarti dalam membantu Dewan Komisaris meningkatkan                     contributions in assisting the Board of Commissioners
kualitas pengawasan internal terhadap pengelolaan                       in enhancing the quality of internal oversight over the
Perseroan. Untuk itu, Dewan Komisaris juga mendorong                    Company’s management. Accordingly, the Board of
seluruh Komite untuk senantiasa memperkuat perannya                     Commissioners encourages all Committees to continuously
secara berkelanjutan, agar fungsi pengawasan semakin                    strengthen their roles on an ongoing basis, so that the
optimal dalam menjaga integritas dan akuntabilitas                      supervisory function can be further optimized in maintaining
operasional Perseroan di masa mendatang.                                the integrity and accountability of the Company’s operations
                                                                        in the future.


Perubahan Komposisi Dewan Komisaris                                     Changes in Board of Commissioners’
                                                                        Composition
Di tahun buku 2025, terdapat perubahan komposisi Dewan                  In the 2025 financial year, changes were made to the
Komisaris dan Direksi Perseroan berdasarkan keputusan                   composition of the Company’s Board of Commissioners and
Rapat Umum Pemegang Saham (RUPS) Tahunan Tahun                          Board of Directors pursuant to the resolutions of the Annual
buku 2024 pada tanggal 07 Mei 2025 dan Rapat Umum                       General Meeting of Shareholders (AGMS) for the 2024
Pemegang Saham (RUPS) Luar Biasa tanggal 17 Desember                    financial year held on May 7, 2025 and the Extraordinary
2025, sehingga susunan Dewan Komisaris pada akhir tahun                 General Meeting of Shareholders (EGMS) held on December
buku 2025 yaitu sebagai berikut:                                        17, 2025. Accordingly, the composition of the Board of
                                                                        Commissioners as of the end of the 2025 financial year is
                                                                        as follows:

Komposisi Dewan Komisaris pada Akhir Tahun Buku 2025
Composition of the Board of Commissioners as of the End of the 2025 Financial Year


               Nama                          Jabatan                                Dasar Pengangkatan Pertama Kali
               Name                          Position                                  Basis of Initial Appointment
 Dewan Komisaris
 Board of Commissioners
                                Komisaris Utama                        Keputusan RUPS Tahunan Tahun buku 2024 tanggal 07 Mei 2025
 Juri Ardiantoro
                                President Commissioner                 Decision of the Annual GMS for the 2024 fiscal year on May 7, 2025
                                Komisaris                              Keputusan RUPS Tahunan Tahun buku 2024 tanggal 07 Mei 2025
 Syamsul Bachri Yusuf
                                Commissioner                           Decision of the Annual GMS for the 2024 fiscal year on May 7, 2025
                                Komisaris Independen                   Keputusan RUPS Tahunan Tahun buku 2024 tanggal 07 Mei 2025
 Nachrowi Ramli
                                Independent Commissioner               Decision of the Annual GMS for the 2024 fiscal year on May 7, 2025
                                Komisaris Independen                   Keputusan RUPS Luar Biasa tanggal 17 Desember 2025
 Tedi Kurniawan
                                Independent Commissioner               Decision of the Extraordinary GMS on December 17, 2025
                                Komisaris Independen                   Keputusan RUPS Tahunan Tahun buku 2024 tanggal 07 Mei 2025
 Rudi Antariksawan
                                Independent Commissioner               Decision of the Annual GMS for the 2024 fiscal year on May 7, 2025
                                Komisaris                              Keputusan RUPS Tahunan Tahun buku 2024 tanggal 07 Mei 2025
 Asrorun Ni’am Sholeh
                                Commissioner                           Decision of the Annual GMS for the 2024 fiscal year on May 7, 2025




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




Seluruh Anggota Dewan Komisaris memiliki integritas,                      All members of the Board of Commissioners possess integrity,
kompetensi, dan reputasi di bidangnya masing-masing yang                  competence, and a sufficient reputation in their respective
memadai serta mampu menyediakan waktu yang cukup                          fields, can dedicate adequate time to perform their duties,
dalam menjalankan tugasnya, serta tidak memiliki benturan                 and have no conflicts of interest or family relationships up
kepentingan dan tidak saling memiliki hubungan keluarga                   to the second degree with other members of the Board of
sampai dengan derajat kedua dengan sesama Anggota                         Commissioners and/or the Board of Directors.
Dewan Komisaris dan/atau Direksi.


Apresiasi                                                                 Appreciation
Atas nama Dewan Komisaris, izinkan saya menyampaikan                      On behalf of the Board of Commissioners, allow me to express
apresiasi yang setinggi-tingginya kepada seluruh pemangku                 my highest appreciation to all stakeholders, especially
kepentingan, terutama para pemegang saham, Direksi, dan                   the shareholders, the Board of Directors, and all Jasa
seluruh insan Jasa Marga atas dukungan, dedikasi, dan kerja               Marga employees, for their support, dedication, and solid
sama yang solid sepanjang tahun 2025. Setiap pencapaian                   cooperation throughout 2025. Every achievement made by
yang diraih Perseroan merupakan hasil dari komitmen,                      the Company is the result of commitment, professionalism,
profesionalisme, dan semangat kebersamaan dalam                           and a spirit of togetherness in consistently carrying out their
menjalankan peran dan tanggung jawab masing-masing                        respective roles and responsibilities.
secara konsisten.

Dalam kaitan menatap masa depan yang lebih baik,                          In looking toward a better future, the Board of Commissioners
Dewan Komisaris menegaskan komitmennya untuk terus                        reaffirms its commitment to continue strengthening its
memperkuat fungsi pengawasan strategis, mendukung                         strategic oversight function, supporting the implementation
pelaksanaan transformasi bisnis, dan memastikan                           of business transformation, and ensuring the Company’s
keberlanjutan kinerja Perseroan di tengah dinamika industri               sustainable performance amid the ever-evolving dynamics
yang terus berkembang. Kami meyakini bahwa dengan                         of the industry. We believe that with a solid governance
landasan tata kelola yang kokoh, sinergi yang harmonis                    foundation, harmonious synergy between the Board of
antara Dewan Komisaris, Direksi, dan seluruh karyawan,                    Commissioners, the Board of Directors, and all employees,
serta semangat inovasi yang berkesinambungan, Jasa Marga                  as well as a spirit of continuous innovation, Jasa Marga
akan terus tumbuh sebagai korporasi infrastruktur nasional                will continue to grow as a resilient national infrastructure
yang tangguh, berdaya saing global, dan memberikan                        corporation with global competitiveness, delivering added
nilai tambah bagi seluruh pemangku kepentingan serta                      value to all stakeholders and the Indonesian people.
masyarakat Indonesia.



                                                             Jakarta, 28 April 2026

                                                     Atas Nama Dewan Komisaris
                                                On Behalf of the Board of Commissioners




                                                               Juri Ardiantoro
                                                              Komisaris Utama
                                                           President Commissioner




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Profil Dewan Komisaris
Board of Board of Commissioners’ Profile




                       Rudi Antariksawan                               Juri Ardiantoro                                    Tedi Kurniawan
                       Komisaris Independen                          Komisaris Utama                                    Komisaris Independen
                    Independent Commissioner                      President Commissioner                             Independent Commissioner



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 Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan     Referensi POJK, SEOJK, dan Kriteria ARA
 Good Corporate Governance        Corporate Social Responsibility      Reference of POJK, SEOJK, and ARA Criteria




Asrorun Ni’am Sholeh                                         Nachrowi Ramli                                   Syamsul Bachri Yusuf
        Komisaris                                          Komisaris Independen                                       Komisaris
      Commissioner                                      Independent Commissioner                                    Commissioner



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Laporan Direksi
Board of Directors’ Report




Rivan A. Purwantono
Direktur Utama
President Director




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Perseroan menegaskan fokus usaha di tahun 2025 pada pertumbuhan
berkelanjutan melalui strategi terintegrasi, inovasi teknologi, dan
kebijakan operasional yang efektif.
The company emphasizes its business focus in 2025 on sustainable growth through
integrated strategies, technological innovation, and effective operational policies.



Para Pemegang Saham dan Pemangku Kepentingan yang                     Esteemed Shareholders and Stakeholders,
Terhormat,
Izinkan saya mengawali laporan ini dengan mengucapkan                 Allow me to begin this report by expressing my gratitude to
puji syukur ke hadirat Tuhan Yang Maha Esa, karena atas               God Almighty, for it is through His grace and blessings that
rahmat dan karunia-Nya, Perseroan berhasil menutup                    the Company has successfully closed 2025 with positive
tahun 2025 dengan pencapaian yang positif. Di tengah                  achievements. Amid various challenges, the Company
berbagai tantangan, Perseroan tetap berkomitmen                       remains committed to making the best possible contribution
memberikan kontribusi terbaik bagi masyarakat, pelanggan,             to the community, customers, and all stakeholders. This
dan seluruh pemangku kepentingan. Laporan ini disusun                 report has been prepared to inform you of the Company’s
untuk menginformasikan perkembangan kinerja Perseroan                 performance throughout 2025 and to lay a solid foundation
sepanjang tahun 2025 sekaligus mempersiapkan landasan                 for sustainable growth and value creation for all stakeholders.
yang kokoh bagi pertumbuhan berkelanjutan dan penciptaan
nilai bagi seluruh pemangku kepentingan.


Kondisi Ekonomi dan Industri 2025                                     Economic and Industry Conditions in 2025
Sebagaimana dikutip dari Tinjauan Kebijakan Moneter Bank              As cited from Bank Indonesia’s Monetary Policy Review
Indonesia yang dirilis Desember 2025, perekonomian global             released in December 2025, short-term global economic
jangka pendek membaik namun dengan ketidakpastian yang                conditions showed improvement, albeit with uncertainties
perlu terus diwaspadai. Pertumbuhan ekonomi dunia 2025                that must continue to be closely monitored. Global economic
diperkirakan menjadi sekitar 3,2% dipengaruhi oleh kenaikan           growth in 2025 is projected to reach approximately 3.2%,
ekonomi Jepang dan India yang didukung konsumsi rumah                 driven by stronger economic performance in Japan and India
tangga dan kebijakan stimulus fiskal. Prospek ekonomi                 supported by household consumption and fiscal stimulus
kawasan Eropa tetap baik ditopang konsumsi rumah tangga,              policies. The growth outlook for the European region
investasi, dan kondisi ketenagakerjaan.                               remains positive, underpinned by household consumption,
                                                                      investment, and favourable labour market conditions.

Sementara itu, ekonomi Amerika Serikat (AS) pada                      Meanwhile, the United States (US) economy in 2025
2025 masih melambat dipengaruhi dampak temporary                      is expected to decelerate, affected by the temporary
government shutdown dan pelemahan pasar tenaga                        government shutdown and a weakening labour market.
kerja. Prospek ekonomi Tiongkok juga terus melambat                   China’s economic outlook also continues to moderate due
dipengaruhi permintaan domestik yang tetap lemah. Di                  to persistently weak domestic demand. In global financial
pasar keuangan global, Fed Funds Rate (FFR) turun 25 bps              markets, the Federal Funds Rate (FFR) was reduced by
pada Desember 2025 dengan kecenderungan penurunan                     25 bps in December 2025, with a more limited scope for
yang lebih terbatas ke depan. Tingkat imbal hasil (yield) US          further easing going forward. Yields on 2-year US Treasury
Treasury tenor 2 tahun cenderung bergerak naik, sementara             securities tended to increase, while 10-year yields remained
yield US Treasury tenor 10 tahun tetap tinggi sejalan dengan          elevated in line with the high level of US government debt.
tingginya tingkat utang Pemerintah AS. Perkembangan ini               These developments sustained the strength of the US Dollar
menyebabkan indeks mata uang AS (DXY) masih tinggi dan                Index (DXY) and limited foreign capital inflows into emerging
tetap terbatasnya aliran masuk modal asing ke emerging                markets (EM).
market (EM).

Di sisi lain, pertumbuhan ekonomi Indonesia cenderung                 On the other hand, Indonesia’s economic growth exhibited
membaik dan perlu terus didorong agar sesuai dengan                   improvement and must continue to be strengthened to
kapasitas perekonomian. Konsumsi rumah tangga triwulan                align with the economy’s potential capacity. Household
IV 2025 membaik didukung oleh belanja sosial Pemerintah,              consumption in the fourth quarter of 2025 increased,
serta keyakinan rumah tangga terhadap kondisi penghasilan             supported by Government social spending and stronger
dan ketersediaan lapangan kerja yang terus meningkat.                 household confidence regarding income conditions and job
Perkembangan ini mendorong meningkatnya penjualan                     availability. These developments contributed to stronger



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eceran pada berbagai kelompok barang. Investasi, khususnya           retail sales across various product categories. Investment,
nonbangunan, membaik dipengaruhi oleh meningkatnya                   particularly non-construction investment, also improved
keyakinan pelaku usaha yang tecermin pada pola ekspansi              in line with rising business confidence reflected in the
Purchasing Managers’ Index (PMI) manufaktur.                         expansionary trajectory of the Manufacturing Purchasing
                                                                     Managers’ Index (PMI).

Permintaan domestik tersebut perlu makin diperkuat sejalan           Domestic demand must be further reinforced in view
dengan kinerja ekspor yang diprakirakan melambat seiring             of export performance, which is expected to moderate
berakhirnya frontloading ekspor ke AS serta menurunnya               following the conclusion of frontloading shipments to the US
ekspor besi baja ke Tiongkok dan minyak kelapa sawit (CPO)           and declining exports of steel to China and crude palm oil
ke India. Secara sektoral, Lapangan Usaha (LU) utama, yakni          (CPO) to India. Sectorally, key business sectors—including
LU Industri Pengolahan, LU Perdagangan Besar dan Eceran,             Manufacturing, Wholesale and Retail Trade, Transportation
LU Transportasi dan Pergudangan, serta LU Penyediaan                 and Warehousing, as well as Accommodation and Food and
Akomodasi dan Makan Minum menunjukkan kinerja positif.               Beverage Services—recorded positive performance.

Sementara itu, nilai tukar Rupiah terkendali didukung                Meanwhile, the Rupiah exchange rate remained under
kebijakan stabilisasi Bank Indonesia dan aliran masuk                control, supported by Bank Indonesia’s stabilization
modal asing ke instrumen keuangan domestik. Nilai tukar              measures and continued foreign capital inflows into domestic
Rupiah pada 16 Desember 2025 tercatat sebesar Rp16.685               financial instruments. As of December 16, 2025, the Rupiah
per dolar AS, relatif stabil bila dibandingkan dengan level          traded at Rp16,685 per US dollar, relatively stable compared
akhir November 2025. Perkembangan nilai tukar Rupiah                 to end-November 2025 levels. Exchange rate developments
masih sejalan dengan pergerakan mata uang regional dan               remained in line with movements in regional and Indonesia’s
mitra dagang Indonesia, bahkan tercatat menguat bila                 trading partner currencies, and even recorded appreciation
dibandingkan dengan mata uang negara maju, kecuali AS.               against several advanced-economy currencies, excluding
Perkembangan ini didukung oleh langkah stabilisasi Bank              the US dollar. These developments were supported by Bank
Indonesia melalui intervensi pasar non-deliverable forward           Indonesia’s stabilization actions through intervention in the
(NDF) baik di off-shore maupun on-shore (DNDF), di pasar             Non-Deliverable Forward (NDF) market both offshore and
spot, dan pembelian SBN di pasar sekunder serta inflows              onshore (DNDF), in the spot market, as well as secondary
pada saham dan SRBI. Selain itu, tambahan pasokan valas              market purchases of Government Securities (SBN), alongside
dari korporasi, termasuk dari peningkatan konversi valas             inflows into equities and SRBI instruments. In addition,
ke Rupiah oleh eksportir seiring penerapan penguatan                 increased foreign exchange supply from corporates,
kebijakan Devisa Hasil Ekspor Sumber Daya Alam (DHE SDA),            including higher conversion of export proceeds into Rupiah
juga mendukung tetap terkendalinya nilai tukar Rupiah.               following the strengthening of the Natural Resource
                                                                     Export Proceeds (DHE SDA) policy, further contributed to
                                                                     maintaining Rupiah stability.

Perekonomian Indonesia menunjukkan ketahanan dan                     The Indonesian economy shows resilience and solid growth,
pertumbuhan yang solid, didukung kebijakan fiskal                    supported by expansionary fiscal policies, government
ekspansif, stimulus belanja negara, dan stabilitas moneter           spending stimulus, and monetary stability from Bank
dari Bank Indonesia. Infrastruktur jalan tol tetap menjadi           Indonesia. Toll road infrastructure remains a key driver
penggerak utama konektivitas, efisiensi logistik, dan                of connectivity, logistics efficiency, and economic zone
pengembangan kawasan ekonomi. Sebagai pemimpin                       development. As the industry leader with a market share of
industri dengan pangsa pasar sekitar 42%, Jasa Marga                 around 42%, Jasa Marga’s manages 1,736 km of concessions,
mengelola 1.736 km konsesi, termasuk ruas strategis                  including strategic sections in Java, Sumatra, and Sulawesi,
di Jawa, Sumatra, dan Sulawesi, serta menyelesaikan                  and has completed important projects such as the Solo–
proyek strategis seperti Jalan Tol Solo–Yogyakarta–NYIA              Yogyakarta–NYIA Kulonprogo Toll Road. The development
Kulonprogo. Strategi pengembangan fokus pada efisiensi               strategy focuses on operational efficiency, network
operasional, integrasi jaringan, dan diversifikasi pendapatan        integration, and revenue diversification through regional
melalui model regional dan inisiatif beyond toll road,               models and beyond toll-road initiatives, including Toll
termasuk Toll Corridor Development, TIP modern, serta                Corridor Development, modern TIP, as well as cooperation
kerja sama Stasiun Pengisian Kendaraan Listrik Umum                  with Public Electric Vehicle Charging Stations (SPKLU) and
(SPKLU) dan jaringan fiber optic. Volume lalu lintas terus           fiber-optic networks. Traffic volume continues to grow,
tumbuh, didukung pemulihan ekonomi dan kepercayaan                   supported by economic recovery and public confidence,
publik, sementara penyesuaian tarif tol dilakukan sesuai             while toll rate adjustments are made in accordance with
Standar Pelayanan Minimal (SPM) dan kemampuan bayar                  Minimum Service Standards (SPM) and user affordability.
pengguna. Dengan landasan ekonomi makro yang stabil dan              With a stable macroeconomic foundation and government
dukungan kebijakan pemerintah, Jasa Marga berkomitmen                policy support, Jasa Marga is committed to strengthening
memperkuat posisinya sebagai national toll road champion,            its position as the national toll road champion and to
meningkatkan kualitas layanan, efisiensi, dan penciptaan             improving service quality, efficiency, and value creation for
nilai bagi seluruh pemangku kepentingan.                             all stakeholders.




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Strategi dan Kebijakan Strategis                                      Strategy and Strategic Policies
Perseroan menetapkan strategi yang berfokus pada                      The Company has established a strategy focused on
pertumbuhan usaha, inovasi, keberlanjutan, dan peningkatan            business growth, innovation, sustainability, and service
kualitas layanan sebagai wujud implementasi visi dan misi             quality improvement to implement its new vision and mission.
baru. Strategi ini dituangkan secara rinci dalam Rencana              This strategy is detailed in the Company’s 2025-2029 Long-
Jangka Panjang Perusahaan 2025–2029 yang dibagi menjadi               Term Plan, which is divided into three phases: a five-year
tiga fase, yaitu jangka pendek lima tahun, jangka menengah            short-term phase, a five- to ten-year medium-term phase,
lima hingga sepuluh tahun, dan jangka panjang sepuluh                 and a ten- to fifteen-year long-term phase. Each phase
hingga lima belas tahun. Setiap fase memiliki sasaran dan             has objectives and initiatives designed to strengthen the
inisiatif yang dirancang untuk memperkuat fondasi bisnis              Company’s business foundation while preparing for long-
Perseroan sekaligus menyiapkan peluang pertumbuhan                    term growth opportunities.
jangka panjang.

Pada tahun 2025, Perseroan menjalankan strategi jangka                In 2025, the Company implemented a short-term strategy
pendek dengan fokus pada peningkatan kinerja portofolio               focused on improving the performance of its existing
yang ada dan memperkuat interaksi dengan pelanggan.                   portfolio and strengthening customer interactions. The
Perseroan menekankan pemanfaatan teknologi sebagai                    Company emphasizes the use of technology to enable
enabler layanan jalan tol yang inovatif dan sesuai kebutuhan          innovative toll road services that meet user needs. The
pengguna. Perseroan juga meningkatkan performa portofolio             Company is also improving the performance of its existing
eksisting, menjajaki peluang ekspansi ke pasar yang                   portfolio, exploring opportunities for expansion into broader
lebih luas, mendorong inovasi melalui kolaborasi dengan               markets, encouraging innovation through collaboration
pemangku kepentingan di ekosistem jalan tol, memperluas               with stakeholders in the toll road ecosystem, expanding
implementasi sistem elektronik pembayaran tol melalui kerja           the implementation of electronic toll payment systems
sama dengan mitra strategis, dan menetapkan target serta              through cooperation with strategic partners, as well as
inisiatif berkelanjutan yang mendukung pencapaian target              setting targets and sustainable initiatives that support the
dekarbonisasi nasional.                                               achievement of national decarbonization targets.

Strategi Perseroan disusun dalam sembilan aspek utama,                The Company’s strategy is structured around nine key
terdiri dari tiga strategi bisnis yang berhubungan langsung           aspects: three business strategies directly related to
dengan operasi utama dan enam strategi fungsional yang                core operations and six functional strategies that support
mendukung kelancaran dan efisiensi operasional. Strategi              operational efficiency and smoothness. The business
bisnis meliputi optimasi portofolio konsesi jalan tol melalui         strategies include optimizing the toll road concession
standarisasi biaya operasional, preservasi aset, dan upaya            portfolio through standardization of operational costs,
asset recycling yang memiliki kinerja di bawah standar,               asset preservation, and recycling underperforming assets;
pengembangan pasar layanan pendukung jalan tol melalui                developing the toll road support services market by
pemanfaatan keunggulan kompetitif unik, serta pengelolaan             leveraging unique competitive advantages; and managing
aset non-tol untuk meningkatkan pendapatan tambahan                   non-toll assets to increase revenue and strengthen the
dan memperkuat citra Perseroan.                                       Company’s image.

Di sisi lain, Perseroan juga menjalankan enam strategi                On the other hand, the Company also implements six
fungsional mencakup inovasi dan pengalaman pelanggan,                 functional strategies covering innovation and customer
pengembangan bisnis, penguatan infrastruktur teknologi,               experience,     business     development,        strengthening
pengelolaan keuangan yang efisien, pengembangan                       technological infrastructure, efficient financial management,
organisasi dan sumber daya manusia, serta penerapan                   organizational and human resource development, as
prinsip lingkungan, sosial, dan tata kelola yang baik.                well as the application of environmental, social, and
Dalam inovasi dan pengalaman pelanggan, Perseroan                     good governance principles. In innovation and customer
mengembangkan produk dan layanan yang berorientasi                    experience, the Company develops products and services
pada kebutuhan pengguna melalui manajemen inovasi dan                 that are oriented towards user needs through effective
kolaborasi yang efektif.                                              innovation management and collaboration.

Sementara       itu,    strategi   pengembangan     bisnis            Meanwhile, the business development strategy emphasizes
menekankan transisi ke model investasi brownfield                     transitioning to a brownfield investment model and exploring
serta eksplorasi peluang di pasar internasional. Strategi             opportunities in international markets. The technology
teknologi menitikberatkan pada penguatan kapasitas                    strategy focuses on strengthening information technology
dan infrastruktur teknologi informasi untuk mendukung                 capacity and infrastructure to support data-driven decision-
pengambilan keputusan berbasis data. Strategi finansial               making. The financial strategy is focused on cost efficiency,
diarahkan pada efisiensi biaya, pemanfaatan pendanaan                 the use of alternative funding, and integrated management
alternatif, dan pengelolaan portofolio Perseroan secara               of the Company’s portfolio. The organizational and human
terintegrasi. Strategi organisasi dan sumber daya manusia             resources strategy emphasizes organizational restructuring,




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Ikhtisar Kinerja Utama       Laporan Manajemen     Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report     Company Profile          Management Discussion and Analysis       Business Support Functions




menekankan restrukturisasi organisasi, pengembangan                   employee competency development, and the establishment
kompetensi karyawan, serta pembentukan layanan bersama                of shared services to support the achievement of business
untuk mendukung pencapaian rencana bisnis. Strategi                   plans. The environmental, social, and governance strategy
lingkungan, sosial, dan tata kelola bertujuan meningkatkan            aims to increase the adoption of environmentally friendly
adopsi inisiatif ramah lingkungan dalam operasi utama dan             initiatives in key operations and open up opportunities for
membuka peluang pendanaan berkelanjutan.                              sustainable funding.

Perseroan juga menerapkan lima kebijakan utama sebagai                The Company also implements five key policies as guidelines
pedoman operasional dan pengambilan keputusan                         for operations and management decision-making. The
manajemen. Kebijakan pengembangan usaha memastikan                    business development policy ensures the completion of
penyelesaian ruas tol yang sedang konstruksi, penambahan              toll road sections currently under construction, the addition
kepemilikan jalan tol strategis, peningkatan nilai aset               of strategic toll road ownership, the increase in existing
yang ada, serta studi kelayakan untuk proyek potensial.               asset value, and feasibility studies for potential projects.
Bisnis prospektif dikelola melalui PT Jasamarga Related               Prospective businesses are managed through PT Jasamarga
Business, dengan fokus pada pengembangan rest area                    Related Business, with a focus on developing modern and
modern dan ramah lingkungan, pengembangan layanan                     environmentally friendly rest areas, developing retail and
ritel dan hiburan di sepanjang koridor jalan tol, pemanfaatan         entertainment services along toll road corridors, utilizing
energi terbarukan, daur ulang limbah, serta pembangunan               renewable energy, recycling waste, and building integrated
koridor tol terintegrasi melalui sinergi dengan pemangku              toll corridors through synergy with stakeholders, including
kepentingan, termasuk badan usaha milik negara dan mitra              state-owned enterprises and other strategic partners.
strategis lainnya.

Kebijakan operasional menekankan peningkatan kualitas                 The operational policy emphasizes improving toll road quality
jalan tol melalui inovasi teknologi, efisiensi operasional            through technological innovation, data-driven operational
berbasis data, pemenuhan standar pelayanan minimal,                   efficiency, meeting minimum service standards, modernizing
modernisasi sistem transaksi dengan skema nirhenti dan                transaction systems with non-stop, non-contact schemes,
nirsentuh, penggunaan energi terbarukan, preservasi jalan             using renewable energy, sustainable toll road preservation,
tol yang berkelanjutan, serta kontrol kelebihan muatan.               and overload control. Financial policy emphasizes long-
Kebijakan keuangan menekankan stabilitas finansial                    term financial stability, efficient management of operational
jangka panjang, pengelolaan investasi operasional dan                 investments and business development, and the application
pengembangan bisnis secara efisien, serta penerapan                   of usage-based amortization methods.
metode amortisasi berbasis penggunaan.

Kebijakan organisasi dan sumber daya manusia meliputi                 Organizational and human resource policies include
restrukturisasi organisasi, pengembangan kompetensi,                  organizational restructuring, competency development,
penyusunan rencana tenaga kerja yang adaptif, rekrutmen               adaptive workforce planning, leadership cadre recruitment,
kader pemimpin, serta pembentukan pemimpin masa                       and the development of characterful and talented future
depan berkarakter dan bertalenta. Kebijakan teknologi                 leaders. The technology policy emphasizes accelerating
menekankan percepatan transformasi digital, modernisasi               digital transformation, modernizing information technology
infrastruktur teknologi informasi, integrasi sistem back office       infrastructure, integrating back-office systems with toll
dengan operasi jalan tol, pengadaan terpusat, standarisasi            road operations, centralizing procurement, standardizing
spesifikasi, dan penerapan tata kelola teknologi informasi            specifications, as well as implementing information
dan data yang sesuai dengan pedoman Perseroan.                        technology and data governance in accordance with
                                                                      company guidelines.

Dengan strategi dan kebijakan yang komprehensif ini,                  With these comprehensive strategies and policies, the
Perseroan menegaskan komitmen untuk mendorong                         Company affirms its commitment to driving sustainable
pertumbuhan yang berkelanjutan, meningkatkan efisiensi                growth, improving operational efficiency, strengthening
operasional, memperkuat kualitas layanan, serta menciptakan           service quality, and creating added value for all stakeholders,
nilai tambah bagi seluruh pemangku kepentingan, sekaligus             while supporting the development of toll road infrastructure
mendukung pembangunan infrastruktur jalan tol sebagai                 as the backbone of connectivity and a driver of national
tulang punggung konektivitas dan pendorong pertumbuhan                economic growth.
ekonomi nasional.


Peranan Direksi dalam Perumusan Strategi                              Board of Directors’ Role in Formulating
dan Kebijakan Strategis                                               Strategies and Strategic Policies
Seluruh Jajaran Direksi aktif merumuskan strategi dan                 The Board of Directors actively formulates the Company’s
kebijakan Perseroan dengan memperhatikan kondisi pasar                strategies and policies by taking into account market
dan regulasi yang berlaku. Pendekatan ini memastikan                  conditions and applicable regulations. This approach
setiap strategi yang diambil relevan, fleksibel, dan mampu            ensures that every strategy is relevant, flexible, and
menyesuaikan diri dengan perubahan lingkungan bisnis.                 adaptable to changes in the business environment. In this
Dengan cara ini, Perseroan tidak hanya mampu menghadapi               way, the Company is not only able to face challenges but




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




tantangan, tetapi juga memanfaatkan peluang yang muncul               also take advantage of opportunities that arise in the market.
di pasar. Direksi secara rutin meninjau kinerja Perseroan dan         The Board of Directors regularly reviews the Company’s
melakukan penyesuaian kebijakan agar operasional tetap                performance and makes policy adjustments to ensure that
efisien dan responsif.                                                operations remain efficient and responsive.

Selain menetapkan strategi korporat secara umum, Direksi              In addition to establishing general corporate strategies,
juga menekankan arah dan kebijakan strategis untuk setiap             the Board of Directors emphasizes strategic directions and
unit bisnis. Hal ini meliputi penetapan target yang jelas,            policies for each business unit. This includes setting clear
perencanaan pertumbuhan yang terukur, dan penyediaan                  targets, developing measurable growth plans, and providing
fasilitas penting, termasuk teknologi dan infrastruktur, yang         essential facilities — such as technology and infrastructure
mendukung pencapaian tujuan. Sumber daya manusia                      — that support the achievement of objectives. Human
menjadi fokus utama, dengan memastikan seluruh tenaga                 resources are a key focus, ensuring that all employees have
kerja memiliki kompetensi dan kesiapan menghadapi                     the competencies and readiness to face challenges in the
tantangan di industri jalan tol. Direksi juga mengelola risiko        toll road industry. The Board of Directors also manages risk
dengan menerapkan langkah-langkah pencegahan dan                      by implementing preventive measures and rapid responses
tindakan cepat untuk meminimalkan gangguan terhadap                   to minimize operational disruptions.
operasional.

Direksi bekerja sama secara erat dengan Dewan                         The Board of Directors works closely with the Board of
Komisaris untuk mendapatkan arahan dan masukan yang                   Commissioners to obtain constructive guidance and input.
konstruktif. Kolaborasi ini memastikan setiap kebijakan               This collaboration ensures that every policy considers both
mempertimbangkan perspektif internal maupun eksternal.                internal and external perspectives. The Board of Directors is
Direksi bertanggung jawab menjaga organisasi berjalan                 responsible for keeping the organization running effectively
efektif melalui kebijakan dan prosedur yang jelas, didukung           through clear policies and procedures, supported by a solid
sistem manajemen risiko yang solid dan menyeluruh.                    and comprehensive risk management system.


Proses yang Dilakukan Direksi untuk                                   Board of Directors’ Processes to Ensure
Memastikan Implementasi Strategi                                      Strategy Implementation
Direksi memastikan implementasi strategi Perseroan tahun              The Board of Directors ensures that the Company’s 2025
2025 berjalan sesuai rencana melalui serangkaian proses               strategy is implemented according to plan through a series
yang terstruktur. Pertama, Direksi menetapkan sasaran                 of structured processes. First, the Board of Directors sets
strategis jangka panjang yang dituangkan dalam Rencana                long-term strategic objectives as outlined in the 2025-
Jangka Panjang Perusahaan (RJPP) 2025-2029. Kemudian                  2029 Long-Term Corporate Plan (RJPP). The RJPP is then
RJPP dituangkan dalam Rencana Kerja dan Anggaran                      incorporated into the Company’s Work Plan and Budget
Perusahaan (RKAP) serta Key Performance Indicators                    (RKAP) and Key Performance Indicators (KPIs), which are
(KPI) yang jelas, terukur dan selaras dengan Visi dan Misi            clear, measurable, and aligned with the Company’s Vision
Perseroan. Seluruh target tersebut kemudian diturunkan                and Mission. All of these targets are then translated into
menjadi program inisiatif strategis dan program kerja di              strategic initiative programs and work programs in each
masing-masing Unit Kerja dan Anak Perusahaan.                         Work Unit and Subsidiary.

Berdasarkan Visi Perseroan yaitu “Inovasi menuju                      Based on the Company’s Vision of “Innovation towards
peningkatan nilai yang berkelanjutan”, Jasa Marga                     the enhancement of sustainable value,” Jasa Marga has
merumuskan beberapa Misi yang secara umum berfokus                    formulated several Missions that generally focus on business
kepada pertumbuhan usaha, inovasi, keberlanjutan serta                growth, innovation, sustainability, and excellent service. To
pelayanan terbaik. Untuk mewujudkan Visi dan Misi                     realize this Vision and Mission, the strategic objectives to be
tersebut, tujuan strategis yang akan dicapai Perseroan                achieved by the Company over the next five years through
selama lima tahun ke depan melalui RJPP 2025-2029 yaitu               the 2025-2029 RJPP are to improve the performance of
meningkatkan kinerja portofolio yang sudah ada serta                  the existing portfolio and to better engage and understand
melibatkan dan memahami pelanggan dengan lebih baik.                  customers.

Kedua, Direksi melakukan proses monitoring dan evaluasi               Second, the Board of Directors conducts regular monitoring
secara berkala melalui laporan manajemen, rapat                       and evaluation processes through management reports,
kinerja, maupun forum-forum khusus untuk melakukan                    performance meetings, and special forums to review
tinjauan terkait dengan strategi. Evaluasi ini mencakup               strategies. This evaluation covers KPI achievements,
pencapaian KPI, progress program inisiatif strategis,                 progress on strategic initiatives, and identifies obstacles
serta mengidentifikasi hambatan dan juga risiko. Dengan               and risks. Thus, any deviations or differences from the initial
demikian, setiap deviasi atau perbedaan dari rencana awal             plan and its realization can be identified immediately, and
dan realisasi dapat segera diidentifikasi dan diberikan               follow-up directions can be given.
arahan tindak lanjut.




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Ikhtisar Kinerja Utama       Laporan Manajemen       Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report       Company Profile          Management Discussion and Analysis       Business Support Functions




Untuk memastikan seluruh inisiatif strategis berjalan efektif           To ensure that all strategic initiatives run effectively and
dan sesuai arah RJPP, Direksi dibantu unit-unit khusus yang             in line with the RJPP, the Board of Directors is supported
berperan sebagai pusat pengendalian pelaksanaan program                 by specialized units that serve as control centers for the
strategis. Unit ini menjalankan fungsi Program Management               implementation of strategic programs. These units perform
Office (PMO) yang bertanggung jawab mengoordinasikan,                   the functions of a Program Management Office (PMO)
memantau, dan mengevaluasi pelaksanaan inisiatif                        responsible for coordinating, monitoring, and evaluating
strategis di seluruh lini organisasi dan Anak Perusahaan.               the implementation of strategic initiatives across all lines of
Secara berkala, Direksi memantau capaian, kendala,                      the organization and subsidiaries. The Board of Directors
serta kebutuhan dukungan implementasi strategi melalui                  periodically monitors achievements, obstacles, and
mekanisme pelaporan rutin. Proses pemantauan dilakukan                  implementation support needs through a routine reporting
dengan koordinasi langsung bersama unit kerja terkait untuk             mechanism. The monitoring process is carried out in direct
memastikan keselarasan pelaksanaan program dengan                       coordination with the relevant work units to ensure program
sasaran strategis Perseroan.                                            implementation aligns with the Company’s strategic
                                                                        objectives.

Dalam menjalankan perannya, Direksi memastikan tiga                     In carrying out its role, the Board of Directors ensures
fungsi utama terlaksana secara konsisten, yaitu koordinasi,             that three main functions are consistently maintained:
kesinambungan, dan efektivitas. Melalui fungsi koordinasi,              coordination, continuity, and effectiveness. Through its
Direksi memastikan setiap inisiatif strategis terintegrasi lintas       coordination function, the Board of Directors ensures that
direktorat dan unit kerja sehingga menghindari tumpang                  every strategic initiative is integrated across directorates and
tindih dan menjaga efektivitas komunikasi organisasi.                   work units to avoid overlap and maintain the effectiveness
Pada aspek kesinambungan, Direksi menjaga stabilitas                    of organizational communication. In terms of continuity,
pelaksanaan program melalui pemantauan berkelanjutan                    the Board of Directors maintains program implementation
dan mekanisme pengendalian yang sistematis. Sementara                   stability through continuous monitoring and systematic
dari sisi efektivitas, Direksi mengoptimalkan penggunaan                control mechanisms. Meanwhile, in terms of effectiveness,
waktu, biaya, dan sumber daya manusia agar target strategis             the Board of Directors optimizes the use of time, costs, and
tercapai tepat sasaran dan sesuai jadwal.                               human resources to ensure strategic targets are met on time
                                                                        and on target.

Direksi   juga     menerapkan     pendekatan     continuous             The Board of Directors also implements a continuous
improvement       dengan   kerangka     Plan–Do–Check–Act               improvement approach using the Plan–Do–Check–Act (PDCA)
(PDCA) untuk memastikan setiap tahapan implementasi,                    framework to ensure that each stage of implementation,
evaluasi, dan tindak lanjut berjalan konsisten dan adaptif              evaluation, and follow-up is consistent and adaptive to
terhadap perubahan. Selain itu, Direksi memastikan seluruh              change. In addition, the Board of Directors ensures that all
pelaksanaan strategi sejalan dengan kebijakan, regulasi, dan            strategy implementation is in line with policies, regulations,
prinsip Good Corporate Governance (GCG). Pengawasan                     and Good Corporate Governance (GCG) principles. Internal
internal dilakukan melalui pemantauan ketat terhadap                    supervision is carried out through strict monitoring of
alokasi sumber daya, kepatuhan terhadap kebijakan                       resource allocation, compliance with company policies, and
perusahaan, serta pelibatan fungsi audit internal dalam                 the involvement of internal audit functions in assessing the
menilai efektivitas implementasi strategi.                              effectiveness of strategy implementation.


Perbandingan antara Hasil yang Dicapai                                  Comparison between Achievement and
dengan yang Ditargetkan                                                 Targets
Salah satu indikator utama keberhasilan Perseroan tercermin             One of the main indicators of the Company’s success is
dari capaian kinerja tahun 2025 dibandingkan dengan target              reflected in its 2025 performance compared to the targets
yang telah ditetapkan dalam RKAP 2025. Sepanjang tahun                  set in the 2025 RKAP. Throughout the year, the Company
tersebut, Perseroan mampu membukukan kinerja yang                       delivered solid performance, with the majority of key
solid, dengan mayoritas indikator utama menunjukkan                     indicators posting positive results. In the face of market
hasil yang positif. Dalam menghadapi dinamika pasar                     dynamics and ever-changing economic conditions, the
dan kondisi ekonomi yang terus bergerak, Direksi secara                 Board of Directors consistently ensured that every strategy
konsisten memastikan bahwa setiap strategi dan keputusan                and operational decision aligned with realistic, measurable,
operasional selaras dengan target yang realistis, terukur,              and value-oriented targets. These achievements reflect not
dan berorientasi pada penciptaan nilai. Capaian tersebut                only financial success, but also the Company’s effectiveness
mencerminkan tidak hanya keberhasilan finansial, tetapi                 in implementing planned programs and strategic initiatives.
juga efektivitas Perseroan dalam menjalankan program dan
inisiatif strategis yang telah direncanakan.

Melalui langkah-langkah proaktif, termasuk optimalisasi                 Through proactive measures, including service optimization
layanan    dan    pengembangan      infrastruktur yang                  and sustainable infrastructure development, the Company
berkesinambungan, Perseroan berhasil memenuhi target                    has successfully met the targets set out in the 2025
sebagaimana tertuang dalam RKAP 2025. Pertumbuhan                       RKAP. Growth in traffic volume and increased toll revenue




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




volume lalu lintas serta peningkatan pendapatan tol                        are important factors contributing to the stability and
merupakan salah satu elemen penting dalam berkontribusi                    sustainability of the Company’s financial performance.
terhadap stabilitas dan keberlanjutan kinerja keuangan                     In addition, the commitment to sustainability principles
Perseroan. Selain itu, komitmen terhadap prinsip                           continues to be integrated into every business process,
keberlanjutan terus diintegrasikan ke dalam setiap proses                  providing added value to stakeholders and supporting the
bisnis, memberikan nilai tambah bagi pemangku kepentingan                  achievement of overall targets.
dan mendukung pencapaian target secara keseluruhan.

Kinerja Utama Perseroan, yang mencerminkan Kinerja                         The Company’s Key Performance, which reflects the
seluruh Anggota Direksi diukur melalui lima perspektif                     performance of all members of the Board of Directors
strategis, yaitu (i) Nilai Ekonomi dan Sosial untuk Indonesia,             through five strategic perspectives, namely (i) Economic and
(ii) Inovasi Model Bisnis, (iii) Kepemimpinan Teknologi, (iv)              Social Value for Indonesia, (ii) Business Model Innovation,
Peningkatan Investasi, dan (v) Pengembangan Talenta.                       (iii) Technological Leadership, (iv) Investment Enhancement,
Dari perspektif ini, nilai total Key Performance Indicator                 and (v) Talent Development. From this perspective, the
(KPI) korporat (Direktur Utama beserta Anggota Direksi                     total value of the 2025 corporate (President Director and
lainnya) tahun 2025 tercapai sebesar 105,07%, yang                         other members of the Board of Directors) Key Performance
menunjukkan pencapaian di atas rencana sebesar 5,07%.                      Indicators (KPIs) was achieved at 105.07%, which is 5.07%
Hasil ini menegaskan komitmen Perseroan yang tidak hanya                   above the target. This result confirms the Company’s
mengejar kinerja finansial, tetapi juga menghadirkan nilai                 commitment not only to pursuing financial performance but
tambah bagi seluruh pemangku kepentingan.                                  also to delivering added value to all stakeholders.

                        Pencapaian Lima Perspektif Strategis Indikator Kinerja Perseroan Tahun 2025
                  Achievement of the Five Strategic Perspectives of Company Performance Indicators in 2025




             105%                                                   110%                                              107%
         Nilai Ekonomi untuk Sosial                           Inovasi Model Bisnis                              Kepemimpinan Teknologi
          Economic Value for Social                         Business Model Innovation                            Technology Leadership




                                       99%                                               110%
                                  Peningkatan Investasi                              Pengembangan Talenta
                                 Investment Enhancement                                Talent Development




                                                           105,07%
                                                     Total Indikator Kinerja Utama Perseroan
                                                   The Company Total Key Performance Indicators
                                                                      (KPI)




Di sisi lain, dengan mempertimbangkan kondisi internal,                    Taking into account internal and macro conditions, as well
kondisi makro, dan proyeksi pasar ke depan, Perseroan telah                as future market projections, the Company has set business
merancang target rencana bisnis dari beberapa komponen                     plan targets across several substantial components
substansial sebagai tolak ukur dalam menilai kinerja usaha.                as benchmarks for assessing business performance.
Manajemen menilai bahwa Jasa Marga telah berhasil                          Management assesses that Jasa Marga has successfully
mengarungi tahun 2025 dengan hasil yang baik. Keberhasilan                 navigated 2025 with good results. The Company’s success
Perseroan dapat dilihat dari capaian kinerja sepanjang                     is evident from its performance throughout 2025 compared
tahun 2025 dibandingkan dengan target yang ditetapkan                      to the targets set in the 2025 Work Plan and Budget. In
dalam Rencana Kerja dan Anggaran Perusahaan 2025. Pada                     that year, the Company demonstrated strong performance,
tahun tersebut, Perseroan berhasil menunjukkan kinerja                     with key indicators achieving optimal results. In 2025, Jasa
yang baik, dengan berbagai indikator utama yang mencapai                   Marga planned to obtain several substantial components
hasil optimal. Di tahun 2025, Jasa Marga merencanakan                      as benchmarks for assessing the Company’s performance.
perolehan dari beberapa komponen substansial sebagai                       The comparison between the plan and the realization is as
tolak ukur dalam menilai kinerja Perseroan. Perbandingan                   follows:
antara rencana dan realisasi adalah sebagai berikut:




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Ikhtisar Kinerja Utama       Laporan Manajemen      Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report      Company Profile          Management Discussion and Analysis       Business Support Functions




    Pendapatan Usaha diluar       Pendapatan usaha di luar pendapatan konstruksi Perseroan pada tahun 2025 tercatat
    Pendapatan Konstruksi         sebesar Rp19,81 triliun, atau 99,19% dari target Rp19,97 triliun. Pencapaian ini menunjukkan
    Non-Construction              kinerja yang tetap solid di tengah berbagai dinamika bisnis yang berlangsung. Realisasi
    Operating Revenue             pendapatan tersebut didorong oleh penyesuaian tarif pada enam ruas jalan tol Perseroan,
                                  serta kontribusi dari kinerja pendapatan usaha lainnya, khususnya yang berasal dari
    Rp 19,81                      penjualan properti, penjualan BBM, dan pendapatan pengoperasian.
    triliun | trillion            Non-construction operating revenue of the Company in 2025 was recorded at Rp19.81
                                  trillion, representing 99.19% of the target of Rp19.97 trillion. This achievement reflects
                                  solid performance amid the ongoing business dynamics. The revenue realization was
                                  supported by tariff adjustments on six of the Company’s toll road sections, as well as
                                  contributions from other operating revenues, particularly from property sales, fuel sales,
                                  and operating income.




    EBITDA                        Pada tahun 2025, Perseroan mencatatkan EBITDA sebesar Rp13,27 triliun, atau 1,09%
                                  lebih tinggi dibandingkan target yang ditetapkan sebesar Rp13,13 triliun. Pencapaian ini
    Rp 13,27                      terutama didukung oleh pertumbuhan pendapatan dari jalan tol serta pengoperasian
                                  jalan tol baru, yaitu PT Jasamarga Jogja Solo, serta penerapan penyesuaian tarif pada 6
     triliun | trillion           ruas jalan tol.

                                  In 2025, the Company recorded an EBITDA of Rp13.27 trillion, which was 1.09% higher
                                  than the target of Rp13.13 trillion. This achievement was primarily supported by revenue
                                  growth from toll roads, the operation of a newly operational toll road, PT Jasamarga
                                  Jogja Solo, and the implementation of tariff adjustments on six toll road sections.



Mengingat kondisi pasar dan ekonomi yang terus bergerak                Given the dynamic market and economic conditions, the
dinamis, Direksi memastikan setiap strategi dan kebijakan              Board of Directors ensures that every strategy and policy
yang dijalankan berfokus pada pencapaian target yang                   implemented focuses on achieving realistic and measurable
realistis dan terukur. Hasil yang diraih tidak hanya                   targets. The results achieved not only reflect the Company’s
mencerminkan kinerja finansial Perseroan, tetapi juga                  financial performance but also affirm its ability to manage
menegaskan kemampuan perusahaan dalam mengelola                        and implement the strategic initiatives designed.
dan melaksanakan berbagai inisiatif strategis yang telah
dirancang.


Tantangan dan Kendala yang Dihadapi                                    Challenges, Obstacles, and Solutions
dan Langkah Penyelesaiannya
Seiring dengan upaya Perseroan dalam menjaga kinerja yang              As the Company strives to maintain solid performance
solid sepanjang tahun 2025, Jasa Marga tetap dihadapkan                throughout 2025, Jasa Marga continues to face various
pada berbagai tantangan baik dari faktor eksternal maupun              challenges, both external and internal. Global economic
internal. Dinamika ekonomi global, keterlambatan proyek                dynamics, delays in strategic projects, and the complexity
strategis, serta kompleksitas pengelolaan aset jalan tol               of toll road asset management are factors that require
menjadi faktor yang memerlukan perhatian dan penanganan                comprehensive attention and handling. The Company views
komprehensif. Perseroan memandang setiap tantangan                     each of these challenges as an opportunity to strengthen
tersebut sebagai peluang untuk memperkuat ketahanan                    operational resilience, improve governance, and accelerate
operasional, meningkatkan tata kelola, dan mempercepat                 its transformation into a sustainable integrated mobility
transformasi menuju Perseroan mobilitas terintegrasi yang              company.
berkelanjutan.

Secara umum, Perseroan menghadapi sejumlah tantangan                   In general, the Company faces several challenges in carrying
dalam pelaksanaan kegiatan usaha dan telah mengambil                   out its business activities and has taken measured steps
langkah penanganan yang terukur untuk memastikan                       to ensure operational continuity and achieve performance
keberlangsungan operasional dan pencapaian target kinerja.             targets. One of the main obstacles is the adjustment of toll




76                                                                         Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Salah satu kendala utama adalah penyesuaian tarif jalan tol,          road tariffs, as well as changes to BPJT and DJBM’s field
serta perubahan mekanisme pemeriksaan lapangan oleh                   inspection mechanisms. The Company responds to these
Badan Pengatur Jalan Tol (BPJT) dan Direktorat Jenderal               challenges by strengthening inter-agency coordination
Bina Marga (DJBM). Perseroan merespon tantangan                       and ensuring that all administrative requirements are met,
tersebut dengan memperkuat koordinasi lintas instansi dan             enabling the tariff adjustment process to run faster and on
memastikan seluruh persyaratan administrasi terpenuhi                 time.
agar proses penyesuaian tarif dapat berjalan lebih cepat dan
tepat waktu.

Selain itu, beberapa proyek konstruksi strategis juga                 In addition, several strategic construction projects have
mengalami hambatan termasuk di antaranya kendala                      encountered obstacles, including complex land-acquisition
pembebasan lahan yang kompleks. Untuk mengatasinya,                   issues. To overcome this, the Company has increased
Perseroan meningkatkan koordinasi dengan kementerian                  coordination with relevant ministries, the National Land
terkait, Badan Pertanahan Nasional (BPN), dan kontraktor              Agency (BPN), and contractors to accelerate the resolution
guna mempercepat penyelesaian masalah serta menjaga                   of issues and maintain project continuity in accordance with
kesinambungan proyek sesuai rencana kerja.                            the work plan.

Dari sisi operasional, Perseroan juga menghadapi risiko               From an operational perspective, the Company also
kerugian akibat faktor eksternal seperti kecelakaan,                  faces the risk of losses from external factors, such as
bencana alam, dan gangguan keamanan atau infrastruktur.               accidents, natural disasters, and disruptions to security or
Perseroan melakukan evaluasi menyeluruh terhadap setiap               infrastructure. The Company conducts a comprehensive
insiden, memperkuat sistem pengendalian internal, serta               evaluation of each incident, strengthens its internal control
meningkatkan efektivitas manajemen risiko operasional di              systems, and improves the effectiveness of operational risk
seluruh lini guna meminimalkan dampak terhadap kinerja                management across all lines to minimize the impact on the
Perseroan.                                                            Company’s performance.

Tantangan lain muncul dari aspek teknologi dan keamanan               Another challenge arises from technology and cybersecurity,
siber, di mana gangguan teknis seperti kerusakan perangkat            where technical disruptions such as damage to cameras,
kamera, converter, dan sistem Real Time Streaming                     converters, and Real Time Streaming Protocol (RTSP)
Protocol (RTSP) memengaruhi efektivitas pemantauan                    systems affect the effectiveness of traffic monitoring
lalu lintas dan pengawasan operasional. Sebagai respons,              and operational surveillance. In response, the Company
Perseroan memperkuat infrastruktur teknologi informasi,               strengthened its information technology infrastructure,
meningkatkan pemeliharaan preventif, serta membangun                  improved preventive maintenance, and established a
Security Operation Center dan Computer Security Incident              Security Operations Center and a Computer Security
Response Team (CSIRT) untuk memastikan kesiapsiagaan                  Incident Response Team (CSIRT) to ensure continuous
menghadapi potensi ancaman siber secara berkelanjutan.                preparedness to face potential cyber threats.

Perseroan juga terus memperkuat sistem pengendalian                   The Company also continues to strengthen its internal
internal dan kepatuhan serta meningkatkan efektivitas                 control and compliance systems, enhance the effectiveness
penerapan Sistem Manajemen Anti Penyuapan (SMAP)                      of the implementation of the Anti-Bribery Management
dan anti-fraud serta menumbuhkan budaya integritas di                 System (ABMS) and anti-fraud measures, and foster a
seluruh jajaran organisasi. Upaya yang dilakukan meliputi             culture of integrity across all levels of the organization.
peningkatan kompetensi pegawai, digitalisasi pelaporan                These efforts include improving employee competencies,
gratifikasi, dan integrasi Whistleblowing System Jasa Marga           digitalizing gratuity reporting, and integrating Jasa Marga’s
(Jasa Marga Amanah) dengan sistem pelaporan nasional                  Whistleblowing System (Jasa Marga Amanah) with the
(Aroma) yang terintegrasi dengan Komisi Pemberantasan                 national reporting system (Aroma) integrated with the
Korupsi (KPK), guna memastikan tata kelola yang bersih,               Corruption Eradication Commission (KPK), in order to ensure
transparan, dan berintegritas tinggi.                                 clean, transparent, and high-integrity governance.

Melalui langkah-langkah strategis tersebut, Jasa Marga                Through these strategic steps, Jasa Marga is committed to
berkomitmen menjaga stabilitas kinerja, memastikan                    maintaining performance stability, ensuring the sustainability
keberlanjutan proyek strategis nasional, dan memperkuat               of national strategic projects, and strengthening the
fondasi tata kelola perusahaan yang transparan, adaptif,              foundation of transparent, adaptive, and highly competitive
serta berdaya saing tinggi.                                           corporate governance.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                               77
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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Penilaian Kinerja Komite di bawah Direksi                           Performance Assessment of Committees
dan Dasar Penilaiannya                                              under the Board of Directors and
                                                                    Evaluation Basis
Direksi Jasa Marga memiliki beberapa Komite di bawah                Jasa Marga’s Board of Directors has several committees
Direksi, di antaranya: Komite Manajemen Risiko, Komite              under its authority, including: the Risk Management
Pengarah Teknologi Informasi, dan Komite Sustainability             Committee, Information Technology Steering Committee,
(sebelumnya Komite TJSL) yang membantu pelaksanaan                  and Sustainability Committee (formerly TJSL Committee),
tugas Direksi. Atas kinerja Komite Manajemen Risiko, Komite         which assist the Board in carrying out its duties. Based on
Pengarah Teknologi Informasi, dan Komite Sustainability di          the performance of the Risk Management Committee, the
tahun 2025, Direksi menilai bahwa ketiga Komite tersebut            Information Technology Steering Committee, and the TJSL
telah menjalankan tugas dan tanggung jawabnya dengan                Committee in 2025, the Board assessed that the three
baik dan telah memberikan sejumlah rekomendasi dan saran            Committees had performed their duties and responsibilities
kepada Direksi terkait impelementasi manajemen risiko,              well and had provided several recommendations and
pengembangan TI, dan pelaksanaan TJSL di Perseroan.                 suggestions to the Board regarding the implementation of
                                                                    risk management, IT development, and TJSL implementation
                                                                    in the Company.

Sepanjang tahun 2025, Direksi menilai bahwa ketiga                  Throughout 2025, the Board of Directors assessed that
komite pendukung telah menjalankan fungsi dan                       the three supporting committees performed their functions
tanggung jawabnya dengan sangat baik. Ketiga komite                 and responsibilities excellently. These committees
tersebut melaksanakan mandatnya secara efektif dengan               executed their mandates effectively, demonstrating a
menunjukkan komitmen yang kuat terhadap penguatan                   steadfast commitment to strengthening risk management,
manajemen risiko, akselerasi transformasi teknologi, serta          accelerating technological transformation, and integrating
penerapan prinsip keberlanjutan dalam kegiatan usaha.               sustainability principles into business operations.

Dalam pelaksanaan tugasnya, masing-masing komite                    In discharging their duties, each committee operated in
bekerja sesuai dengan pedoman dan prosedur yang telah               accordance with established guidelines and procedures
ditetapkan, sekaligus memberikan rekomendasi strategis              while providing strategic recommendations to the Board
kepada Direksi atas berbagai isu material yang memerlukan           of Directors on material issues requiring specific attention.
perhatian khusus. Melalui rapat yang diselenggarakan                Through regularly convened meetings, the committees
secara berkala, komite memastikan pemantauan atas                   ensured continuous monitoring of the latest developments in
perkembangan terkini di bidang risiko, teknologi informasi,         risk, information technology, and Environmental, Social, and
dan aspek Environmental, Social, and Governance (ESG),              Governance (ESG) factors. Furthermore, they proactively
serta melakukan penyesuaian kebijakan dan strategi guna             adjusted policies and strategies to navigate an increasingly
merespons dinamika lingkungan bisnis yang semakin                   complex and dynamic business environment.
kompleks dan dinamis.

Direksi secara periodik melakukan evaluasi atas kinerja             The Board of Directors periodically evaluates committee
komite berdasarkan kerangka kebijakan yang berlaku untuk            performance based on the prevailing policy framework to
memastikan keselarasan program kerja dengan kondisi                 ensure alignment between work programmes, economic
ekonomi, arah strategis Perseroan, serta ketentuan regulasi         conditions, the Company’s strategic direction, and relevant
yang relevan. Evaluasi dilaksanakan melalui mekanisme yang          regulatory requirements. These evaluations are conducted
sistematis dan terukur, mencakup penilaian atas capaian             through a systematic and measurable mechanism,
kinerja, efektivitas pelaksanaan rapat, serta kontribusi            encompassing assessments of performance achievements,
terhadap proses pengambilan keputusan strategis. Dengan             the effectiveness of meeting execution, and the quality of
pendekatan tersebut, Direksi memastikan bahwa seluruh               contributions to strategic decision-making. Through this
komite beroperasi secara optimal dan memberikan nilai               approach, the Board ensures that all committees operate
tambah yang signifikan dalam mendukung pencapaian                   optimally, providing significant added value in supporting
tujuan jangka pendek maupun jangka panjang Perseroan.               the Company’s short-term and long-term objectives.


Prospek Usaha                                                       Business Prospects
Menghadapi tahun 2026, Jasa Marga menghadapi prospek                Heading into the 2026 fiscal year, Jasa Marga faces
usaha yang konstruktif, didukung oleh pertumbuhan                   promising business prospects, supported by solid national
ekonomi nasional yang tetap solid, stabilitas makroekonomi          economic growth, maintained macroeconomic stability,
yang terjaga, serta komitmen Pemerintah dalam melanjutkan           and the Government’s commitment to ongoing strategic
pembangunan infrastruktur strategis. Sebagai pengelola              infrastructure development. As the largest toll road operator
jalan tol terbesar di Indonesia dengan pangsa pasar 42% dari        in Indonesia, with a 42% market share of the national toll
total panjang jalan tol yang beroperasi nasional, Perseroan         road network, the Company is well positioned to continue
berada pada posisi strategis untuk terus memperluas                 expanding its network, deepen service integration, and
jaringan, memperdalam integrasi layanan, dan mempercepat            accelerate business transformation towards a global-scale
transformasi bisnis menuju Perseroan infrastruktur berskala         infrastructure company.
global.


78                                                                      Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Dalam konteks industri, peningkatan mobilitas masyarakat,             In the industrial context, increased community mobility,
pertumbuhan pusat ekonomi baru di berbagai wilayah, serta             the growth of new economic centers in various regions,
akselerasi pembangunan di berbagai daerah khususnya di                and accelerated development in various areas, especially
Pulau Jawa menjadi katalis utama bagi perluasan jaringan              on the island of Java, have been the main catalysts for the
jalan tol. Pertumbuhan ini membuka ruang yang luas bagi               expansion of the toll road network. This growth has opened
Jasa Marga untuk memperluas portofolio konsesi secara                 up vast opportunities for Jasa Marga to selectively expand
selektif dan memperkuat integrasi layanan pada ruas-                  its concession portfolio and strengthen service integration
ruas tol prioritas. Tren positif tersebut juga diperkuat oleh         on priority toll road sections. This positive trend is also
meningkatnya kebutuhan terhadap layanan jalan tol yang                reinforced by the increasing demand for reliable, efficient,
andal, efisien, dan berorientasi kepada pengguna.                     and user-oriented toll road services.

Jasa Marga secara aktif berkontribusi dalam Proyek Strategis          Jasa Marga actively contributes to National Strategic Projects
Nasional (PSN), termasuk ruas Solo–Yogyakarta–NYIA                    (PSN), including the Solo–Yogyakarta–NYIA Kulon Progo
Kulon Progo, yang semakin memperkokoh posisi Perseroan                section, which further strengthens the Company’s position
sebagai mitra utama Pemerintah dalam pengembangan                     as the Government’s main partner in the development of an
jaringan jalan tol terintegrasi.                                      integrated toll road network.

Di sisi lain, ekspansi dan penguatan portofolio bisnis telah          On the other hand, expanding and strengthening its business
menjadi agenda penting Jasa Marga. Strategi pertumbuhan               portfolio has become an important agenda for Jasa Marga.
Perseroan berfokus pada optimalisasi portofolio konsesi dan           The Company’s growth strategy focuses on optimising
diversifikasi bisnis di sektor prospektif. Dengan pendekatan          its concession portfolio and diversifying its business in
selektif dan berbasis kelayakan komersial, Perseroan                  prospective sectors. With a selective and commercially
menyeimbangkan ekspansi dengan kapasitas keuangan                     viable approach, the Company balances expansion with
yang terukur. Ke depannya, Jasa Marga memproyeksikan                  measurable financial capacity. Going forward, Jasa Marga
total 1.736 km konsesi, dengan 1.373 km telah beroperasi              projects a total of 1,736 km of concessions, with 1,373 km
hingga akhir tahun 2026. Pembangunan ruas prioritas dan               already operational by the end of 2026. The construction of
akses tambahan akan berlanjut di koridor utama Trans Jawa,            priority sections and additional access will continue in the
serta wilayah pertumbuhan baru di Sumatra, Kalimantan, dan            main Trans Java corridor, as well as new growth areas in
Sulawesi, guna meningkatkan konektivitas dan mendorong                Sumatra, Kalimantan, and Sulawesi, to improve connectivity
pertumbuhan ekonomi regional.                                         and drive regional economic growth.

Lini bisnis pengoperasian dan pemeliharaan jalan tol melalui          The toll road operation and maintenance business line
PT Jasamarga Tollroad Operator (JMTO) dan PT Jasamarga                through PT Jasamarga Tollroad Operator (JMTO) and PT
Tollroad Maintenance (JMTM) terus diperkuat dengan                    Jasamarga Tollroad Maintenance (JMTM) continues to be
penerapan teknologi cerdas, otomatisasi, dan sistem                   strengthened through the application of smart technology,
pemeliharaan prediktif. Pendekatan ini menjaga kualitas               automation, and predictive maintenance systems. This
layanan sekaligus efisiensi biaya operasional. Sementara              approach maintains service quality while ensuring
itu, pengembangan bisnis prospektif melalui PT Jasamarga              operational cost efficiency. Meanwhile, prospective
Related Business (JMRB) diarahkan untuk memaksimalkan                 business development through PT Jasamarga Related
potensi pendapatan usaha lain melalui pengelolaan rest                Business (JMRB) is aimed at maximizing the revenue
area, bisnis iklan, Toll Corridor Development (TCD), serta            potential of other businesses through the management of
penyediaan infrastruktur pendukung seperti Stasiun                    rest areas, advertising, Toll Corridor Development (TCD),
Pengisian Kendaraan Listrik Umum (SPKLU).                             and the provision of supporting infrastructure such as Public
                                                                      Electric Vehicle Charging Stations (SPKLU).

Transformasi digital dan inovasi operasional juga diakselerasi        Digital transformation and operational innovation are
sesuai perkembangan zaman. Perseroan mempercepat                      also accelerated in line with the times. The Company is
agenda digitalisasi sebagai fondasi pengelolaan bisnis                accelerating its digitalization agenda as the foundation for
modern. Implementasi Jasamarga Integrated Maintenance                 modern business management. The implementation of the
Management System (JIMMS), Jasamarga Integrated                       Jasamarga Integrated Maintenance Management System
Digitalmap (JID), serta integrasi SAP Analytic Cloud (SAC)            (JIMMS), Jasamarga Integrated Digitalmap (JID), and the
membentuk ekosistem data-driven decision making yang                  integration of SAP Analytics Cloud (SAC) form a data-driven
meningkatkan efisiensi operasional, akurasi pelaporan, dan            decision-making ecosystem that improves operational
responsibilitas tim lapangan. Teknologi seperti Intelligent           efficiency, reporting accuracy, and field team responsibilities.
Transportation System (ITS), Electronic Toll Collection               Technologies such as Intelligent Transportation System
(ETC), dan Traffic Information Center (TIC) turut mendukung           (ITS), Electronic Toll Collection (ETC), and Traffic Information
peningkatan keselamatan, kenyamanan, dan kemudahan                    Center (TIC) also support improvements in safety, comfort,
perjalanan bagi pengguna jalan.                                       and ease of travel for road users.

Transformasi digital ini juga memperkuat peran Jasa                   This digital transformation also strengthens the role of
Marga Tollroad Command Center (JMTC) sebagai pusat                    the Jasa Marga Tollroad Command Center (JMTC) as an
kendali operasional nasional yang terintegrasi, mendukung             integrated national operational control center, supporting
keandalan layanan secara real-time, sekaligus menjadi                 real-time service reliability and serving as the backbone
tulang punggung dalam implementasi sistem transportasi                for the implementation of smart transportation systems in
cerdas di jaringan tol Indonesia.                                     Indonesia’s toll road network.


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Ikhtisar Kinerja Utama       Laporan Manajemen       Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report       Company Profile          Management Discussion and Analysis       Business Support Functions




Manajemen       senantiasa    berkomitmen         untuk    terus        Management remains committed to continuing to prioritize
memprioritaskan penguatan struktur keuangan sebagai                     strengthening the Company’s financial structure as the
fondasi keberlanjutan kinerja Perseroan. Di tengah dinamika             foundation for sustainable performance. Amid global
makroekonomi global dan pergerakan suku bunga yang                      macroeconomic dynamics and fluctuating interest rates,
fluktuatif, Perseroan menerapkan strategi pembiayaan yang               the Company implements a disciplined, measured financing
disiplin dan terukur. Berbagai inisiatif, mulai dari optimalisasi       strategy. Various initiatives, ranging from optimizing
program asset recycling, pemanfaatan peluang pendanaan                  asset recycling programs, utilizing capital market funding
di pasar modal, hingga penerapan instrumen pembiayaan                   opportunities, to implementing green financing instruments,
hijau, dijalankan secara konsisten sejalan dengan prinsip               are consistently carried out in line with Environmental, Social,
Environmental, Social, and Governance (ESG). Kolaborasi erat            and Governance (ESG) principles. Close collaboration with
dengan entitas anak dan mitra strategis turut memperkuat                subsidiaries and strategic partners has also strengthened
posisi kas, menjaga likuiditas, serta meningkatkan efisiensi            the Company’s cash position, maintained liquidity, and
biaya pembiayaan, sehingga Perseroan tetap berada pada                  improved financing cost efficiency, enabling the Company
jalur pertumbuhan yang sehat dan berkelanjutan.                         to remain on a path of sound, sustainable growth.

Perseroan juga menanamkan prinsip keberlanjutan                         The company also instills the principle of sustainability in all
dalam seluruh aktivitas bisnis, mulai dari efisiensi energi,            business activities, ranging from energy efficiency, emissions
pengelolaan emisi, hingga pengembangan rest area                        management, to the development of environmentally
ramah lingkungan dengan penggunaan energi terbarukan,                   friendly rest areas with the use of renewable energy, waste
pengelolaan sampah dan air, serta menyediakan ruang                     and water management, as well as providing business space
usaha bagi UMKM lokal untuk menciptakan nilai ekonomi dan               for local MSMEs to create balanced economic and social
sosial yang berimbang bagi seluruh pemangku kepentingan.                value for all stakeholders.

Berdasarkan RJPP 2025–2029 bertema “Meningkatkan                        Based on the 2025-2029 RJPP themed “Improving Existing
Kinerja Portofolio yang Sudah Ada serta Melibatkan                      Portfolio Performance and Engaging and Understanding
dan Memahami Pelanggan dengan Baik”, Jasa Marga                         Customers Well,” Jasa Marga is committed to becoming
berkomitmen menjadi perusahaan mobilitas terintegrasi                   an integrated mobility company. The Company focuses
(Integrated    Mobility  Company).     Perseroan    fokus               on optimizing the performance of its toll road portfolio
mengoptimalkan kinerja portofolio jalan tol dan entitas                 and subsidiaries to strengthen profitability, encouraging
anak untuk memperkuat profitabilitas, mendorong inovasi                 digital service innovation for a better customer experience,
layanan digital demi pengalaman pelanggan yang lebih                    developing sustainable infrastructure, including green
baik, mengembangkan infrastruktur berkelanjutan termasuk                toll roads, improving organizational capabilities and
green toll road, meningkatkan kapabilitas organisasi                    human resource competencies, and establishing strategic
serta kompetensi sumber daya manusia, dan menjalin                      collaborations with national and global partners to accelerate
kolaborasi strategis dengan mitra nasional maupun global                long-term value creation and have a positive impact on the
untuk mempercepat penciptaan nilai jangka panjang serta                 national economy.
memberikan dampak positif bagi perekonomian nasional.


Penerapan Tata Kelola Perusahaan                                        Corporate Governance Implementation
Jasa Marga terus memperkuat komitmen dalam menerapkan                   Jasa Marga continues to strengthen its commitment to
prinsip Tata Kelola Perusahaan yang Baik (GCG) secara                   implementing the principles of Good Corporate Governance
menyeluruh dan konsisten di seluruh aktivitas usaha.                    (GCG) comprehensively and consistently in all business
Sepanjang tahun 2025, Perseroan secara aktif memastikan                 activities. Throughout 2025, the Company actively ensures
seluruh prinsip GCG dijalankan melalui langkah konkret                  that all GCG principles are implemented through concrete,
dan terukur. Setiap unit kerja melaksanakan Fraud Risk                  measurable steps. Each work unit conducts a Fraud
Assessment (FRA) yang terintegrasi dengan Bribery Risk                  Risk Assessment (FRA) integrated with a Bribery Risk
Assessment (BRA) dengan pendampingan langsung dari                      Assessment (BRA), with direct assistance from the Legal &
Legal & Compliance Group selaku Fungsi Kepatuhan Anti                   Compliance Group as the Anti-Bribery Compliance Function
Penyuapan dan Fungsi Satuan Anti-Fraud. Perseroan                       and Anti-Fraud Unit Function. The Company also expanded
juga memperluas penerapan Integrated Compliance                         implementation of the Integrated Compliance Management
Management System hingga ke Anak Perusahaan melalui                     System across its subsidiaries by preparing a Compliance
penyusunan Compliance Obligation List, pelaksanaan self-                Obligation List, conducting periodic self-assessments,
assessment kepatuhan berkala, serta pemantauan tingkat                  and monitoring compliance with the obligations listed. To
kepatuhan terhadap daftar kewajiban tersebut. Untuk                     strengthen governance, Jasa Marga has operated a digital-
memperkuat tata kelola, Jasa Marga telah mengoperasikan                 based Regulatory Compliance System application that
aplikasi Regulatory Compliance System berbasis digital                  enables real-time compliance monitoring across all business
yang memungkinkan pengawasan kepatuhan secara real-                     entities.
time di seluruh entitas usaha.




80                                                                           Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Di sisi lain, dalam pengelolaan Whistleblowing System                 On the other hand, in managing the Whistleblowing System
(WBS) selama tahun 2025, Perseroan bekerja sama dengan                (WBS) during 2025, the Company collaborated with an
pihak independen sebagai pengelola kanal pelaporan WBS                independent party, PT DC Solutions, as the manager of the
yakni PT DC Solutions. Selama tahun 2025, masih terdapat 1            WBS reporting channel. During 2025, there was still one
laporan dugaan pelanggaran dalam lingkup WBS yang masih               report of alleged violations within the scope of the WBS that
dalam proses tindak lanjut.                                           was still being followed up.

Sebagai perusahaan terbuka dan BUMN, Jasa Marga                       As a public company and state-owned enterprise, Jasa
berkomitmen dalam penerapan tata kelola perusahaan                    Marga is committed to implementing good corporate
yang baik (GCG) yang implementasinya diukur baik melalui              governance (GCG), the implementation of which is measured
assessment dan/atau self-assessment GCG berdasarkan                   through GCG assessments and/or self-assessments based
parameter berdasarkan POJK No. 21/POJK.04/2015, SEOJK                 on parameters set out in POJK No. 21/POJK.04/2015,
No. 32/SEOJK.04/2015, serta Pedoman Umum Governansi                   SEOJK No. 32/SEOJK.04/2015, and the Indonesian
Korporat Indonesia (PUGKI). Selain mengacu pada prinsip               Corporate Governance Guidelines (PUGKI). In addition
TARIF      (Transparency/Transparansi,      Accountability/           to referring to the TARIF principles (Transparency,
Akuntabilitas,      Responsibility/Tanggung       Jawab,              Accountability, Responsibility, Independence, and Fairness),
Independence/Kemandirian,     dan     Fairness/Kewajaran),            the implementation of GCG in the Company also refers to
implementasi GCG Perseroan juga mengacu pada best                     best practices, including Ethical Behaviour, Transparency,
practice, di antaranya Perilaku Beretika, Transparansi,               Accountability, and Sustainability (ETAK). This step affirms
Akuntabilitas, dan Keberlanjutan (ETAK). Langkah ini                  the Company’s commitment to maintaining high governance
menegaskan komitmen Perseroan untuk menjaga standar                   standards amid changes in national assessment policies.
tata kelola yang tinggi di tengah perubahan kebijakan
penilaian nasional.

Sebagaimana tahun-tahun sebelumnya, pada tahun 2025,                  As in previous years, in 2025 Jasa Marga once again
Jasa Marga melakukan kembali penilaian ACGS, yang                     conducted an ACGS assessment, which was based on
penilaiannya didasarkan pada informasi publik, termasuk               publicly available information, including but not limited to the
namun tidak terbatas pada Laporan Tahunan 2024 serta situs            2024 Annual Report and the Company’s website. Based on
web Perseroan. Berdasarkan laporan penilaian ACGS yang                the ACGS assessment report carried out by the independent
dilakukan oleh pihak independen the Indonesian Institute for          party, the Indonesian Institute for Corporate Directorship
Corporate Directorship (IICD), Total Corporate Governance             (IICD), the Total Corporate Governance Score (overall score)
Score (overall score) berdasarkan parameter ACGS untuk                under the ACGS parameters for 2025 reached 103.46 with
tahun 2025, Perseroan memperoleh hasil capaian sebesar                the Company earning the designation of “Leadership in
103,46 dengan predikat sebagai “Leadership in Corporate               Corporate Governance.”
Governance”.

Perseroan juga mengimplementasikan Internal Control Over              The Company also implements Internal Control Over Financial
Financial Reporting (ICOFR) untuk memastikan keandalan                Reporting (ICOFR) to ensure the reliability of consolidated
laporan keuangan konsolidasian dan efektivitas pengendalian           financial statements and the effectiveness of internal
internal. Implementasi ICOFR mengacu pada COSO Internal               controls. The ICOFR implementation refers to the COSO
Control Framework dan COBIT 2019 Framework, serta                     Internal Control Framework and the COBIT 2019 Framework
sejalan dengan ketentuan dalam Peraturan Menteri BUMN                 and is in line with the provisions of Regulation of the Minister
No. PER-2/MBU/02/2023 tentang Pedoman Tata Kelola dan                 of State-Owned Enterprises No. PER-2/MBU/02/2023
Kegiatan Korporasi Signifikan.                                        concerning Guidelines for Corporate Governance and
                                                                      Significant Corporate Activities.

Proses penerapan ICOFR dilakukan secara sistematis                    The ICOFR implementation process is carried out
melalui beberapa tahapan utama. Pada tahap perencanaan,               systematically through several main stages. In the planning
menentukan ruang lingkup dengan melakukan penentuan                   stage, the scope is determined by determining materiality,
materialitas, penentuan akun dan pengungkapan laporan                 determining significant financial statement disclosures and
keuangan signifikan, penentuan perusahaan signifikan,                 accounts, determining significant companies, determining
penentuan proses bisnis signifikan dan penentuan aplikasi             significant business processes, and determining significant
signifikan dan Information Technology General Control                 applications and Information Technology General Control
(ITGC). Selanjutnya, unit kerja mengidentifikasi risiko dan           (ITGC). Next, the work unit identifies risks and designs
merancang pengendalian yang terdokumentasi dalam                      controls that are documented in the Business Process Model
Business Process Mapping dan Risk Control Matrix (RCM).               (BPM) and Risk Control Matrix (RCM). After the design is
Setelah rancangan dikaji dan divalidasi, tahap implementasi           reviewed and validated, the implementation and continuous




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01                               02                            03                       04                                       05
Ikhtisar Kinerja Utama           Laporan Manajemen             Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report             Company Profile           Management Discussion and Analysis       Business Support Functions




dan pemantauan berkelanjutan dilakukan melalui Control                            monitoring stages are carried out through Control Self
Self Assessment (CSA) dan pemutakhiran BPM serta RCM.                             Assessment (CSA) and updating of the BPM and RCM. At
Pada tahap evaluasi, Lini ketiga dalam Fungsi ICOFR dalam                         the evaluation stage, the third line in the ICOFR Function, in
hal ini merupakan IAU Group melaksanakan Test of Design                           this case the IAU Group, conducts a Test of Design (TOD)
(TOD) dan Test of Operating Effectiveness (TOE) untuk                             and Test of Operating Effectiveness (TOE) to ensure the
memastikan efektivitas pengendalian dalam penyusunan                              effectiveness of controls in the preparation of financial
laporan keuangan. Setiap defisiensi yang ditemukan                                statements. Any deficiencies found are immediately followed
langsung ditindaklanjuti melalui proses remediasi, dan hasil                      up through a remediation process, and the final results
akhir dilaporkan kepada manajemen sebelum dilakukan                               are reported to management before external assurance is
external assurance oleh auditor eksternal.                                        performed by external auditors.

Dengan penerapan GCG yang konsisten dan pengendalian                              With consistent implementation of GCG and strong internal
internal yang kuat, Jasa Marga memastikan tata kelola                             controls, Jasa Marga ensures that corporate governance is
perusahaan berjalan transparan, akuntabel, dan berintegritas.                     transparent, accountable, and has integrity. This step not
Langkah ini tidak hanya memperkuat kepercayaan publik                             only strengthens public and regulatory confidence but also
dan regulator, tetapi juga menjadi fondasi bagi tercapainya                       lays the foundation for achieving sustainable performance
kinerja yang berkelanjutan dan penciptaan nilai tambah bagi                       and creating added value for all stakeholders.
seluruh pemangku kepentingan.


Perubahan Komposisi Direksi                                                       Changes in Board of Directors’
                                                                                  Composition
Sebagai bagian dari upaya penguatan tata kelola dan                               As part of the Company’s efforts to strengthen corporate
optimalisasi peran, fungsi serta pelaksanaan tugas                                governance and optimize the roles, functions, and duties
Direksi, Perseroan melakukan penyesuaian susunan                                  of the Board of Directors, adjustments were made to the
Direksi berdasarkan berdasarkan keputusan Rapat Umum                              composition of the Board of Directors pursuant to the
Pemegang Saham (RUPS) Tahunan Tahun Buku 2024 dan                                 resolutions of the Annual General Meeting of Shareholders
Rapat Umum Pemegang Saham (RUPS) Luar Biasa tanggal                               (AGMS) for the 2024 financial year and the Extraordinary
17 Desember 2025. Sehingga susunan Direksi pada akhir                             General Meeting of Shareholders (EGMS) held on December
tahun buku 2025 yaitu sebagai berikut:                                            17, 2025. Accordingly, the composition of the Board of
                                                                                  Directors at the end of the 2025 financial year was as
                                                                                  follows:

Komposisi Direksi pada Akhir Tahun Buku 2025
Composition of the Board of Directors as of the End of the 2025 Financial Year


           Nama                                     Jabatan                                        Dasar Pengangkatan Pertama Kali
           Name                                     Position                                          Basis of Initial Appointment
                             Direktur Utama                                         Keputusan RUPS Tahunan Tahun Buku 2024 tanggal 07 Mei 2025
 Rivan A. Purwantono
                             President Director                                     Decision of the Annual GMS for the 2024 Fiscal Year on May 7, 2025

                             Direktur Bisnis                                        Keputusan RUPS Luar Biasa tanggal 22 Desember 2021
 Reza Febriano
                             Director of Business                                   Decision of the Extraordinary GMS on December 22, 2021

                             Direktur Human Capital dan Transformasi                Keputusan RUPS Tahunan Tahun Buku 2024 tanggal 07 Mei 2025
 Yoga Tri Anggoro
                             Director of Human Capital and Transformation           Decision of the Annual GMS for the 2024 Fiscal Year on May 7, 2025

                             Direktur Keuangan dan Manajemen Risiko                 Keputusan RUPS Luar Biasa tanggal 08 Februari 2023
 Pramitha Wulanjani
                             Director of Finance and Risk Management                Decision of the Extraordinary GMS on February 8, 2023

                             Direktur Operasi                                       Keputusan RUPS Luar Biasa tanggal 17 Desember 2025
 Fitri Wiyanti
                             Director of Operations                                 Decision of the Extraordinary GMS on December 17, 2025

                             Direktur Layanan                                       Keputusan RUPS Luar Biasa tanggal 17 Desember 2025
 Yaya Ruhiya
                             Director of Services                                   Decision of the Extraordinary GMS on December 17, 2025

                             Direktur Pengembangan Usaha                            Keputusan RUPS Luar Biasa tanggal 17 Desember 2025
 Ari Respati
                             Director of Business Development                       Decision of the Extraordinary GMS on December 17, 2025




Segenap jajaran Direksi berkomitmen untuk menjalankan                             The entire Board of Directors is committed to fulfilling this
amanah ini dengan senantiasa mengedepankan prinsip                                mandate by consistently prioritizing the principles of good
tata kelola perusahaan yang baik untuk kepentingan Para                           corporate governance for the benefit of Shareholders and
Pemegang Saham dan Para Pemangku Kepentingan Lainnya.                             Other Stakeholders.




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06                               07                                     08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




Apresiasi                                                                 Appreciation
Tahun 2025 telah dilalui dengan penuh dinamika dan                        The year 2025 has been dynamic and challenging, but
tantangan, namun Jasa Marga berhasil menjaga kinerja yang                 Jasa Marga has maintained solid, sustainable performance.
solid dan berkelanjutan. Direksi menyampaikan apresiasi                   The Board of Directors would like to express its highest
yang setinggi-tingginya kepada seluruh Insan Jasa Marga                   appreciation to all Jasa Marga employees for their
atas dedikasi, semangat, dan komitmen luar biasa dalam                    dedication, enthusiasm, and extraordinary commitment in
memberikan kinerja terbaik bagi Perseroan. Ucapan terima                  delivering the best performance for the Company. We also
kasih juga kami sampaikan kepada Dewan Komisaris atas                     extend our gratitude to the Board of Commissioners for their
dukungan, arahan, serta rekomendasi konstruktif yang                      support, guidance, and constructive recommendations that
senantiasa memperkuat tata kelola perusahaan.                             have consistently strengthened corporate governance.

Atas nama Perseroan, Direksi juga menyampaikan                            On behalf of the Company, the Board of Directors also
penghargaan kepada para pemegang saham, mitra kerja,                      extends its gratitude to shareholders, business partners,
dan pengguna jalan tol atas kepercayaan serta kerja sama                  and toll road users for their trust and excellent cooperation.
yang telah terjalin dengan baik. Dukungan dari seluruh                    Support from all stakeholders is a crucial foundation in
pemangku kepentingan menjadi fondasi penting dalam                        Jasa Marga’s journey toward becoming a sustainable
perjalanan transformasi Jasa Marga menuju perusahaan                      integrated mobility company. With a spirit of innovation
mobilitas terintegrasi yang berkelanjutan. Dengan semangat                and collaboration, we are confident that Jasa Marga will
inovasi dan kolaborasi, kami optimistis Jasa Marga akan                   continue to navigate challenges and seize every opportunity
terus melaju menghadapi tantangan dan memanfaatkan                        to achieve optimal performance growth.
setiap peluang untuk menciptakan pertumbuhan kinerja
yang optimal.




                                                             Jakarta, 28 April 2026

                                                           Atas Nama Direksi
                                                    On Behalf of the Board of Directors




                                                             Rivan A. Purwantono
                                                                Direktur Utama
                                                               President Director




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01                                02                    03                   04                                       05
Ikhtisar Kinerja Utama            Laporan Manajemen     Profil Perusahaan     Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report     Company Profile       Management Discussion and Analysis       Business Support Functions




Profil Direksi
Board of Directors’ Profile




                             Ari Respati                         Yoga Tri Anggoro                             Pramitha Wulanjani
                 Direktur Pengembangan Usaha          Direktur Human Capital dan Transformasi       Direktur Keuangan dan Manajemen Risiko
                Director of Business Development           Director of Human Capital and            Director of Finance and Risk Management
                                                                  Transformation




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  06                               07                                 08
  Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
  Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Rivan Achmad Purwantono                       Fitri Wiyanti                   Yaya Ruhiya                           Reza Febriano
      Direktur Utama                         Direktur Operasi               Direktur Layanan                          Direktur Bisnis
     President Director                   Director of Operations           Director of Services                    Director of Business




  PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                        85
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01                               02                        03                   04                                       05
Ikhtisar Kinerja Utama           Laporan Manajemen         Profil Perusahaan     Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report         Company Profile       Management Discussion and Analysis       Business Support Functions




Surat Pernyataan Anggota Direksi dan Anggota Dewan
Komisaris tentang Tanggung Jawab atas Laporan Tahunan
PT Jasa Marga (Persero) Tbk Tahun Buku 2025

Kami yang bertanda tangan di bawah ini menyatakan bahwa semua informasi dalam Laporan Tahunan PT Jasa Marga (Persero)
Tbk Tahun Buku 2025 telah dimuat secara lengkap dan bertanggung jawab penuh atas kebenaran isi Laporan Tahunan
Perseroan.

Demikian pernyataan ini dibuat dengan sebenarnya.




                                                            Jakarta, 28 April 2026



                                                         Anggota Dewan Komisaris
                                                     Member of the Board of Commissioners




                                                                Juri Ardiantoro
                                                              Komisaris Utama
                                                           President Commissioner




                         Syamsul Bachri Yusuf                                                       Nachrowi Ramli
                               Komisaris                                                        Komisaris Independen
                             Commissioner                                                    Independent Commissioner




                             Tedi Kurniawan                                                         Rudi Antariksawan
                        Komisaris Independen                                                      Komisaris Independen
                     Independent Commissioner                                                  Independent Commissioner




                                                            Asrorun Ni’am Sholeh
                                                                   Komisaris
                                                                 Commissioner




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06                                07                                     08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




Statement of Members of the Board of Directors and Board
of Commissioners on Responsibility for the Annual Report of
PT Jasa Marga (Persero) Tbk for the 2025 Fiscal Year

We, the undersigned, declare that all information in the Annual Report of PT Jasa Marga (Persero) Tbk for the 2025 Fiscal
Year has been duly disclosed and take full responsibility for the accuracy of the information on the Company’s Annual Report.

This statement is made truthfully.




                                                              Jakarta, 28 April 2026



                                                             Anggota Direksi
                                                      Members of the Board of Directors




                                                          Rivan Achmad Purwantono
                                                                 Direktur Utama
                                                                President Director




                            Reza Febriano                                                             Yoga Tri Anggoro
                          Direktur Bisnis                                              Direktur Human Capital dan Transformasi
                       Director of Business                                         Director of Human Capital and Transformation




                       Pramitha Wulanjani                                                                 Fitri Wiyanti
          Direktur Keuangan dan Manajemen Risiko                                                       Direktur Operasi
          Director of Finance and Risk Management                                                   Director of Operations




                              Yaya Ruhiya                                                                  Ari Respati
                        Direktur Layanan                                                     Direktur Pengembangan Usaha
                       Director of Services                                                 Director of Business Development




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03              Profil
                Perusahaan
                Company Profile

           Identitas Jasa Marga                           Informasi Perubahan Komposisi                    Komposisi Pemegang Saham
     90                                                                                              243
           Jasa Marga Identity                            Dewan Komisaris dan Direksi Setelah              Shareholders Composition
                                                          Tahun Buku 2025
           Riwayat Singkat Perseroan                132                                                    Entitas Anak, Ventura Bersama, dan
     92                                                   Changes in the Board of
           Company Brief History                                                                           Entitas Asosiasi
                                                          Commissioners and the Board of             249
                                                          Directors after the 2025 Fiscal Year             Subsidiaries, Joint Ventures, and
           Informasi tentang Perubahan Nama
     93                                                                                                    Associate Entities
           Information on Name Alteration
                                                          Profil Dewan Komisaris
                                                    133                                                    Struktur Grup Perseroan
           Keanggotaan dalam Asosiasi                     Profile of the Board of Commissioners      282
     94                                                                                                    Company’s Group Structure
           Membership in Association
                                                          Profil Direksi
                                                    139                                                    Kronologi Penerbitan dan/atau
           Jejak Langkah                                  Profile of the Board of Directors
     95                                                                                                    Pencatatan Saham
           Milestones                                                                                284
                                                          Profil Komite Audit                              Chronology of Share Issuance and/
                                                    146
           Wilayah Operasional Perseroan                  Profile of the Audit Committee                   or Listing
     96
           Company Operational Area
                                                          Profil Komite Nominasi dan                       Kronologi Penerbitan dan/atau
           Akses terhadap Perseroan                       Remunerasi                                       Pencatatan Obligasi
     104                                            149                                              285
           Access to the Company                          Profile of the Nomination and                    Chronology of Bonds Issuance and/
                                                          Remuneration Committee                           or Listing
           Visi, Misi, dan Budaya Perseroan
     106
           Vision, Mission, and Corporate Culture         Profil Komite Pemantau Risiko dan                Obligasi Jasa Marga yang Belum
                                                          Hukum                                      288   Jatuh Tempo
           Bidang Usaha                             152
     114                                                  Profile of the Risk Monitoring and               Jasa Marga Outstanding Bonds
           Line of Business                               Legal Committee
                                                                                                           Kronologi Penerbitan dan/atau
           Produk dan Jasa yang Dihasilkan                Profil Komite Tata Kelola Terintegrasi           Pencatatan Sukuk
           (Model Bisnis)                           155   Profile of the Integrated Governance       293
     117                                                                                                   Chronology of Sukuk Issuance and/or
           Products and Services Offered                  Committee                                        Registration
           (Business Model)
                                                          Profil Sekretaris Dewan Komisaris                Kronologi Penerbitan dan/atau
           Logo Perseroan                           164   Profile of the Board of Commissioners
     126                                                                                                   Pencatatan Sumber Pendanaan
           Company’s Logo                                 Secretary                                  294   Lainnya
           Struktur Organisasi                            Pejabat Eksekutif                                Chronology of Other Sources of
     128                                            165
           Organization Structure                         Executive Management                             Funding Issuance and/or Listing

           Perubahan Komposisi Dewan                      Demografi Karyawan 2024-2025                     Lembaga dan/atau Profesi Penunjang
           Komisaris dan Direksi di Tahun Buku      176                                              295   Supporting Institutions and/or
                                                          Employee Demography 2024-2025
           2025                                                                                            Professions
     130   Changes in the Board of                        Pendidikan dan/atau Pelatihan Dewan
                                                                                                           Informasi pada Situs Web Perseroan
           Commissioners and the Board of                 Komisaris, Direksi, Komite-Komite,         298
                                                                                                           Information on the Company’s Website
           Directors Composition on 2025 Fiscal           Sekretaris Perusahaan, Unit Audit
           Year                                           Internal dan Unit Manajemen Risiko
                                                    179   Education and/or Training for
                                                          Board of Commissioners, Board of
                                                          Directors, Committees, Corporate
                                                          Secretary, Internal Audit Unit, and Risk
                                                          Management Unit




     Dengan pengalaman lebih dari empat dekade sebagai pionir
     jalan tol Indonesia, Jasa Marga terus memperkuat posisi
     sebagai pengembang dan operator infrastruktur nasional
     melalui inovasi, tata kelola yang kuat, dan pengelolaan
     portofolio yang berkelanjutan.
     With more than four decades of experience as a pioneer of Indonesia’s
     toll roads, Jasa Marga continues to strengthen its position as a
     national infrastructure developer and operator through innovation,
     strong governance, and sustainable portfolio management.



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PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report   89
Page 90
01                                   02                         03                       04                                           05
Ikhtisar Kinerja Utama               Laporan Manajemen          Profil Perusahaan         Analisa dan Pembahasan Manajemen             Fungsi Penunjang Bisnis
Main Performace Highlights           Management Report          Company Profile           Management Discussion and Analysis           Business Support Functions




         Identitas
         Jasa Marga
         Jasa Marga Identity


Nama Perusahaan                                             Nama Panggilan
Company’s Name                                              Business Name

PT Jasa Marga (Persero) Tbk                                 Jasa Marga




Tanggal Pendirian                      Bidang Usaha                                           Dasar Hukum Pendirian
Establishment Date                     Line of Business                                       Legal Basis of Establishment

1 Maret 1978                           Pengusahaan Jalan Tol                                  Peraturan Pemerintah
March 1, 1978                          Toll Road Business                                     No. 04 Tahun 1978
                                                                                              The Government of
                                                                                              Indonesia No. 04 Year 1978



Modal Dasar                  Modal Ditempatkan
                                                                                              Tanggal IPO                       Kode Saham
Authorized Capital           Issued Capital
                                                                                              Initial Public                    Ticker Code
                                                                                              Offering (IPO) Date
Rp
     9,52                    Rp
                                  3,63
     Triliun | Trillion           Triliun | Trillion
                                                                                              12 November 2007
                                                                                              November 12, 2007
                                                                                                                               JSMR

Kepemilikan Saham
                                                                                   30%
Shares Ownership
     Pemerintah Indonesia
                                                                                              Jumlah Karyawan
                                                                                              Total Employees
                                                                                                                              7.833
     Government of Indonesia                                                                                                  Pegawai | Employees
     Jumlah lembar saham 5.080.509.840, terdiri dari:
     • 1 Lembar Saham Seri A Dwiwarna dimiliki oleh Badan
       Pengaturan Badan Usaha Milik Negara (BP BUMN)
     • 5.080.509.839 Lembar Saham Seri B dimiliki oleh
       PT Danantara Asset Management (Persero)
     Total shares 5,080,509,840, consisting of:                                               Nama Bursa                          Bursa Efek Indonesia
     • 1 Series A Dwiwarna Share is owned by the State-           70%                         Stock Exchange                      Indonesia Stock Exchange
       Owned Enterprise Regulatory Agency (BP BUMN)
     • 5,080,509,839 Series B Shares owned by
       PT Danantara Asset Management (Persero)

     Publik Nasional
     Public National                                                                          Corporate Secretary &
     • 2.177.361.360 Lembar Saham Seri B dimiliki oleh publik                                 Chief Administration Officer
                                                                                                                                             Ari Wibowo
     • 2,177,361,360 Series B shares owned by the public



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06                               07                                     08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




Entitas Anak                                          Entitas Asosiasi dan Ventura Bersama               Ventura Bersama dari
Subsidiaries                                          Associate Entities and Joint Ventures              PT Jasamarga Transjawa Tol (JTT)
                                                                                                         Joint Ventures under PT Jasamarga
1.    PT Marga Sarana Jabar                           1.    PT Marga Lingkar Jakarta
                                                                                                         Transjawa Tol (JTT)
2.    PT Cinere Serpong Jaya                          2.    PT Trans Lingkar Kita Jaya
3.    PT Marga Trans Nusantara                        3.    PT Bogor Serpong Infra Selaras               1.    PT Jasamarga Jalanlayang
4.    PT Jasamarga Kunciran Cengkareng                                                                         Cikampek
5.    PT Jasamarga Japek Selatan                                                                         2.    PT Trans Marga Jateng
                                                                                                         3.    PT Jasamarga Pandaan Malang
6.    PT Jasamarga Jogja Bawen                        Entitas Anak dari PT Jasamarga
7.    PT Jasamarga Probolinggo                        Transjawa Tol (JTT)
      Banyuwangi                                      Subsidiaries under PT Jasamarga
8.    PT Jasamarga Kualanamu Tol                      Transjawa Tol (JTT)
9.    PT Jasamarga Balikpapan Samarinda               1.    PT Jasamarga Semarang Batang
10.   PT Jasamarga Manado Bitung                      2.    PT Jasamarga Solo Ngawi
11.   PT Jasamarga Bali Tol                           3.    PT Jasamarga Ngawi Kertosono
12.   PT Jasamarga Jogja Solo                         4.    PT Jasamarga Surabaya
13.   PT Jasamarga Akses Patimban                           Mojokerto
14.   PT Jasamarga Transjawa Tol                      5.    PT Jasamarga Gempol Pasuruan
15.   PT Jasamarga Tollroad Operator                  6.    PT Jasamarga Pandaan Tol
16.   PT Jasamarga Tollroad Maintenance               7.    PT Lintas Marga Jawa
17.   PT Jasamarga Related Business                   8.    PT Trans Optima Luhur




            Alamat Kantor Pusat                                 Pusat Informasi Lalu Lintas dan Pelayanan Lainnya
            Head Office Address                                 Center for Traffic Information and Other Services

            Plaza Tol Taman Mini Indonesia                      Jasa Marga Tollroad Command Center
            Indah Jakarta 13550 Indonesia
                 +62-21 841 3526, +62-21 841 3630                   One Call Center 24 Jam/24 Hours: 133

                                                                    Mobile Apps Travoy
                 jsmr@jasamarga.co.id
                 corcomm@jasamarga.co.id                            Official Jasa Marga                       @PTJASAMARGA
                 investor.relations@jasamarga.co.id                                                           (khusus informasi lalu lintas)
                                                                    PT Jasa Marga – Persero Tbk               (dedicated for traffic Information)
                 www.jasamarga.com
                                                                    @official.jasamarga                       @OFFICIAL_JSMR
                                                                                                              (untuk informasi umum lainnya)
                                                                    @official.jasamarga                       (for other general information)



PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                                91
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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Riwayat Singkat Perseroan
Company Brief History

PT Jasa Marga (Persero) Tbk, yang selanjutnya disebut “Jasa         PT Jasa Marga (Persero) Tbk, hereinafter referred to as
Marga” atau “Perseroan”, memulai perjalanannya pada tahun           “Jasa Marga” or “the Company”, began its journey in 1978,
1978 ketika Perseroan secara komersial mulai menjalankan            when it commenced commercial operations in the toll road
kegiatan usahanya di industri jalan tol. Perseroan telah            industry. The Company has grown into a symbol of progress
tumbuh menjadi simbol kemajuan infrastruktur jalan tol di           in Indonesia’s toll road infrastructure.
Tanah Air.

Secara legalitas, Perseroan dibentuk berdasarkan Peraturan          Legally, the Company was established based on
Pemerintah Republik Indonesia No. 4 Tahun 1978 tentang              Government Regulation of the Republic of Indonesia No. 4 of
Peraturan Pemerintah (PP) tentang Penyertaan Modal                  1978 on Government Regulations (PP) on the Participation
Negara Republik Indonesia dalam Pendirian Perusahaan                of the Republic of Indonesia in the Establishment of State-
Perusahaan (Persero) di Bidang Pengelolaan, Preservasi, dan         Owned Enterprises (Persero) in the Field of Management,
Pengadaan Jaringan Jalan Tol, serta Ketentuan-Ketentuan             Preservation, and Procurement of Toll Road Networks, as
Pengusahaannya tanggal 27 Februari 1978. Kemudian                   well as Business Provisions dated February 27, 1978. The
Perseroan didirikan berdasarkan Akta No. 1 tanggal 1 Maret          Company was then established under Deed No. 1 dated
1978 dengan nama PT Jasa Marga (Indonesia Highway                   March 1, 1978, in the name of PT Jasa Marga (Indonesia
Corporation) yang dibuat dihadapan Kartini Muljadi, S.H.,           Highway Corporation), drawn up before Kartini Muljadi, S.H.,
Notaris di Jakarta. Perseroan secara resmi mengubah                 Notary in Jakarta. The Company officially changed its name
namanya menjadi PT Jasa Marga (Persero) berdasarkan                 to PT Jasa Marga (Persero) based on Deed No. 187 dated
Akta No. 187 tanggal 19 Mei 1981 yang dibuat di hadapan             May 19, 1981, drawn up before the same Notary.
Notaris yang sama.

Di tahun 1978, Perseroan mencatatkan tonggak sejarah                In 1978, the Company made a milestone in the development
bagi perkembangan industri jalan tol di Tanah Air dengan            of the toll road industry in Indonesia by developing a toll
mengembangkan jaringan jalan tol di Indonesia, salah                road network in the country, one of which was through the
satunya melalui pengoperasian jalan tol Jagorawi (Jakarta-          operation of the Jagorawi (Jakarta-Bogor-Ciawi) toll road.
Bogor-Ciawi). Pada 12 November 2007, Perseroan kembali              On November 12, 2007, the Company took another major
mengambil langkah besar lainnya dengan melakukan                    step by conducting an Initial Public Offering (IPO) by listing
aksi korporasi Penawaran Saham Perdana (Initial Public              30% of its shares on the Indonesia Stock Exchange and
Offering/IPO) dengan mencatatkan 30% sahamnya di Bursa              changing the Company’s logo, marking its transformation
Efek Indonesia dan perubahan logo Perseroan, menandai               into a more dynamic and responsive public company in the
transformasi menjadi perusahaan publik yang lebih dinamis           infrastructure sector.
dan responsif terhadap tantangan serta peluang di sektor
infrastruktur.

Pasca perubahan status Perseroan menjadi perusahaan                 After changing its status to a public company, the
publik, Perseroan bergerak semakin lincah dan mulai                 Company moved more swiftly and began massive toll road
melakukan pembangunan jalan tol secara masif.                       construction. This construction was also balanced with
Pembangunan ini juga diimbangi dengan peningkatan                   improved services through the use of electronic cards as
layanan melalui penggunaan kartu elektronik sebagai sistem          a payment system, which saved users time and facilitated
pembayaran sehingga dapat menghemat waktu pengguna                  accessibility at entry and exit gates in 2017.
pembayaran dan memperlancar aksesibilitas pada gerbang
masuk maupun gerbang keluar di tahun 2017.

Dalam upaya untuk terus berinovasi dan meningkatkan                 In an effort to continue innovating and improving services,
layanan,  Perseroan      mengimplementasikan      teknologi         the Company implemented advanced technologies, including
canggih seperti Intelligent Transport System (ITS) untuk            the Intelligent Transport System (ITS) to enhance toll road
peningkatan pelayanan lalu lintas jalan tol dan Integrated          traffic services and the Integrated Tollroad Maintenance
Tollroad Maintenance System (ITMS) untuk peningkatan                System (ITMS) to improve toll road preservation services.
pelayanan preservasi jalan tol. Inisiatif ini tidak hanya           These initiatives not only increased operational efficiency
meningkatkan efisiensi operasional tetapi juga memastikan           but also ensured safety and comfort for road users.
keamanan dan kenyamanan bagi pengguna jalan.

Memahami pentingnya peran jalan tol dalam mendukung                 Recognizing the importance of toll roads in supporting
mobilitas dan pertumbuhan ekonomi masyarakat, Perseroan             community mobility and economic growth, the Company
kemudian mengembangkan bisnis prospektif agar dapat                 then developed prospective businesses to optimize
mengoptimalkan peluang yang ada dengan memanfaatkan                 existing opportunities by utilizing the areas surrounding
kawasan di sekitar jalur tol. Melalui strategi bisnis yang          the toll roads. Through a sustainable business strategy, the



92                                                                       Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




berkelanjutan, Perseroan berupaya mengoptimalkan potensi              Company strives to optimize existing potential and make a
yang ada dan memberikan kontribusi signifikan terhadap                significant contribution to national economic development.
pembangunan ekonomi nasional.

Perseroan juga secara konsisten beradaptasi dan                       The Company also consistently adapts and innovates
berinovasi guna mengantisipasi perkembangan teknologi,                to anticipate technological developments and the ever-
serta dinamika bisnis yang terus berkembang. Untuk itu,               evolving business landscape. To that end, the Company has
Perseroan telah menetapkan Rencana Jangka Panjang                     established a 2025-2029 Long-Term Corporate Plan (RJPP)
Perusahaan (RJPP) 2025-2029 dan memperbarui visi dan                  and updated its vision and mission to reaffirm its commitment
misinya untuk menegaskan komitmennya dalam beradaptasi                to adapting to changes in the business environment. The
dengan perubahan lingkungan bisnis. Perseroan meyakini                Company believes that this step will enable it to continue
bahwa langkah ini dapat membawa Perseroan untuk terus                 paving the way towards a sustainable future by providing
membuka jalan menuju masa depan yang berkelanjutan                    connectivity between cities and regions, and by making
dengan menghadirkan konektivitas antara kota dan daerah,              a positive contribution to society and the environment,
serta memberikan kontribusi positif terhadap masyarakat               thereby making resilient infrastructure a pillar of sustainable
dan lingkungan, untuk menjadikan infrastruktur yang                   development for Indonesia.
tangguh sebagai pilar pembangunan yang berkelanjutan
bagi Indonesia.

Di tahun 2025, PT Jasa Marga (Persero) Tbk (JSMR)                     In 2025, PT Jasa Marga (Persero) Tbk (JSMR) transferred
mengalihkan 5.080.509.839 lembar saham Seri B atau 70%                5,080,509,839 Series B shares or 70% of its shares to
dari sahamnya kepada PT Danantara Asset Management                    PT Danantara Asset Management (Persero) as state capital
(Persero) sebagai penyertaan modal negara (inbreng) untuk             contribution (inbreng) to form the operational holding
membentuk holding operasional Badan Pengelola Investasi               company Daya Anagata Nusantara Investment Management
Daya Anagata Nusantara (BPI Danantara), sesuai UU Nomor               Agency (BPI Danantara), in accordance with Law No. 1
1 Tahun 2025 dan PP Nomor 15 Tahun 2025. Pengalihan ini               of 2025 and Government Regulation No. 15 of 2025. This
dilakukan pada 22 Maret 2025 dengan harga Rp500 per                   transfer was carried out on March 22, 2025, for Rp500 per
lembar saham, namun negara tetap menjadi pemegang                     share, but the state remains the holder of Series A shares
saham Seri A dan pemilik manfaat akhir JSMR.                          and the ultimate beneficiary of JSMR.

Sampai dengan akhir tahun 2025, Perseroan telah memiliki              By the end of 2025, the Company had 17 (seventeen)
17 (tujuh belas) Entitas Anak, 3 (tiga) Entitas Asosiasi              Subsidiaries, three Associates and Joint Ventures, 8 (eight)
dan Ventura Bersama, 8 (delapan) Entitas Anak dari                    subsidiaries of PT Jasamarga Transjawa Tol (JTT), and 3
PT Jasamarga Transjawa Tol (JTT) serta 3 (tiga) Ventura               (three) joint ventures of PT JTT as strategic supports for
Bersama dari PT JTT sebagai pendukung strategis dalam                 business development and profitability enhancement.
pengembangan usaha dan meningkatkan profitabilitas.




Informasi tentang Perubahan Nama
Information on Name Alteration

Berdasarkan Akta No. 01 tanggal 1 Maret 1978, Perseroan               Based on Deed No. 01 dated March 1, 1978, the Company
didirikan dengan nama, “PT Jasa Marga (Indonesia Highway              was established under the name “PT Jasa Marga (Indonesia
Corporation)”, yang kemudian diubah berdasarkan Akta                  Highway Corporation)”, which was then changed based on
No. 187 tanggal 19 Mei 1981 dan nama Perseroan diubah                 Deed No. 187 dated May 19, 1981, and the Company’s name
menjadi “PT Jasa Marga (Persero)”, keduanya dibuat di                 was changed to “PT Jasa Marga (Persero)”, both of which
hadapan Notaris Kartini Muljadi, S.H., di Jakarta. Selanjutnya        were executed before Notary Kartini Muljadi, S.H., in Jakarta.
nama Perseroan diubah kembali berdasarkan Akta No. 27                 Subsequently, the Company’s name was changed again
tanggal 12 September 2007 yang dibuat di hadapan Notaris              based on Deed No. 27 dated September 12, 2007, drawn up
Poerbaningsing Adi Warsito, S.H., Notaris di Jakarta yaitu            before Notary Poerbaningsing Adi Warsito, S.H., Notary in
menjadi Perusahaan Perseroan (Persero) PT Jasa Marga                  Jakarta, to become Perusahaan Perseroan (Persero) PT Jasa
(Indonesia Highway Corporatama) Tbk, disingkat PT Jasa                Marga (Indonesia Highway Corporatama) Tbk, abbreviated
Marga (Persero) Tbk, setelah Perseroan secara resmi                   as PT Jasa Marga (Persero) Tbk, after the Company officially
mencatatkan saham di Bursa Efek Indonesia.                            listed its shares on the Indonesia Stock Exchange.

Hingga saat ini nama Perseroan tetap “PT Jasa Marga                   To date, the Company’s name remains “PT Jasa Marga
(Persero) Tbk”.                                                       (Persero) Tbk”.




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Ikhtisar Kinerja Utama           Laporan Manajemen           Profil Perusahaan           Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report           Company Profile             Management Discussion and Analysis             Business Support Functions




Keanggotaan dalam Asosiasi
Membership in Association
Tabel Keanggotaan Perseroan dalam Asosiasi
Table of Company’s Membership in Association

                                                                                                                                                  Status
       Nama Asosiasi                Tingkat                                              Kegiatan                                              Keanggotaan
     Name of Association             Level                                               Activities                                            Membership
                                                                                                                                                  Status
 Asosiasi Tol Indonesia (ATI)    Nasional        Pelaksanaan Pelayanan Bersama, Pengamanan dan Penegakan Hukum pada Jalan Tol di               Ketua Umum
 Indonesian Toll Association     National        Seluruh Indonesia.                                                                            Chairman
 (ATI)                                           Joint Services, Security, and Law Enforcement on Toll Roads throughout Indonesia.

 Road Engineering Association    Internasional   Mempromosikan sains dan praktik perekayasaan jalan dan profesi Anggota terkait melalui        Anggota
 of Asia and Australia (REAAA)   International   pengembangan jaringan profesional dan komersial member di antara negara-negara di             Member
                                                 Kawasan Asia Pasifik.
                                                 Promoting road science and engineering practices and related members’ professions
                                                 through the development of a professional and commercial member network of Asia
                                                 Pacific countries.

 Asosiasi Emiten Indonesia       Nasional        Melakukan pertukaran informasi dan advokasi di antara perusahaan emiten di Indonesia.         Anggota
 (AEI)                           National        Information exchange and advocacy between listed companies in Indonesia.                      Member
 Association of Indonesia
 Issuers (AEI)

 Persatuan Insinyur Indonesia    Nasional        Referensi standar profesi teknik dan insinyur.                                                Anggota
 (PII)                           National        Reference of technical and engineering professional standards.                                Member
 Indonesian Engineers
 Association (PII)

 Forum Human Capital             Nasional        •    Program Magang Mahasiswa Bersertifikat.                                                  Pengurus
 Indonesia (FHCI)                National        •    Program Perekrutan Bersama.                                                              Management
 Indonesian Human Capital                        •    Integrated Talent Management System.
 Forum (FHCI)                                    •    Program FHCI Summit.
                                                 •    FHCI Connect Expert Series.
                                                 •    Certified Student Internship Program.
                                                 •    Joint Recruitment Program.
                                                 •    Integrated Talent Management System.
                                                 •    FHCI Summit Program.
                                                 •    FHCI Connect Expert Series.

 Forum Manajemen Risiko          Nasional        Peningkatan kompetensi anggota terhadap manajemen risiko.                                     Anggota
 BUMN                            National        Improvement of members’ competence in risk management.                                        Member
 State-Owned Enterprises
 (SOE) Risk Management Forum

 Forum Humas BUMN                Nasional        Menciptakan sistem komunikasi dan pertukaran informasi yang terintegrasi antar BUMN.          Anggota
 State-Owned Enterprises         National        Creating an integrated communication and information exchange system among State-             Member
 Public Relations Forum                          Owned Enterprises (BUMN).

 Forum Komunikasi Satuan         Nasional        Forum komunikasi dan koordinasi antara satuan pengawas intern BUMN, instansi                  Pengurus Inti
 Pengawasan Intern               National        pemerintah dan swasta di Indonesia.                                                           Key Management
 Internal Audit Division                         A communication and coordination forum between SOE internal supervisory units,
 Communication Forum                             government institutions, and private agencies in Indonesia.

 Indonesia Corporate Secretary   Internasional   Mempromosikan tata penyelenggaraan.                                                           Anggota
 Association (ICSA)              International   Promoting the governance system.                                                              Member

 Himpunan Pengembang Jalan       Nasional        Wadah bagi pengembangan profesi dan keahlian di bidang jalan.                                 Pengurus Inti
 Indonesia (HPJI)                National        A platform for the development of professions and expertise in the field of roads.            Key Management
 Indonesian Road Development
 Association (HPJI)

 Forum BUMN Muda                 Nasional        BUMN Muda akan menjadi wadah bagi talenta muda untuk berbagai ide, inspirasi,                 Vice Chief of
 Young State-Owned               National        berinovasi, dan berkreasi sehingga bisa menjadi Sumber Daya Manusia (SDM) yang                BUMN Muda
 Enterprises Forum (BUMN                         unggul, kompetitif, mandiri, sehingga mampu membawa BUMN Go Global.                           Network
 Muda Forum)                                     BUMN Muda will serve as a platform for young talents to share ideas, inspiration, innovate,   Vice Chief of
                                                 and create so that they can become excellent, competitive, and independent Human              SOEs
                                                 Resources (HR), capable of taking SOEs (State-Owned Enterprises) globally.                    Youth Network

 Digital Forum                   Nasional        Berbagi pengalaman, best practices, dan solusi terkait digitalisasi serta mendorong           Anggota
                                 National        sinergi antar perusahaan.                                                                     Member
                                                 Sharing experiences, best practices, and solutions related to digitalization, as well as
                                                 promoting synergy between companies.

 Intelligent Transport System    Nasional        Mendorong inisiatif pembangunan dan penggunaan Intelligent Transport System (ITS)             Anggota
 Indonesia                       National        untuk menyediakan ekosistem transportasi yang aman dan nyaman.                                Member
                                                 Encourage the development and use of Intelligent Transport System (ITS) initiatives to
                                                 provide a safe and comfortable transportation ecosystem.




94                                                                                     Laporan Tahunan 2025 Annual Report          PT Jasa Marga (Persero) Tbk
Page 95
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Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan     Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility      Reference of POJK, SEOJK, and ARA Criteria




Jejak Langkah
Milestones                                                                                 1978
                                                                                       •    PT Jasa Marga (Indonesia Highway Corporation) didirikan
                                                                                            Pemerintah Republik Indonesia berdasarkan Akta No. 1 tanggal 1
                                                                                            Maret 1978 sebagai penyelenggara jalan tol di Indonesia.
                                                                                       •    Pengoperasian jalan Tol Jagorawi (Jakarta-Bogor-Ciawi) sebagai
                                                                                            jalan tol pertama di Indonesia.

2004                                                                                   •    PT Jasa Marga (Indonesia Highway Corporation) was established
                                                                                            by the Republic of Indonesia Government pursuant to Deed No. 1
Berdasarkan Undang-Undang No. 38/2004, Jasa Marga tidak lagi                                dated March 1, 1978 as toll road operator in Indonesia.
berperan sebagai regulator penyelenggara jalan tol di Indonesia. Fungsi                •    The operation of Jagorawi (Jakarta-Bogor- Ciawi) Toll road as the
sebagai regulator selanjutnya dilaksanakan oleh Badan Pengatur Jalan                        first toll road in Indonesia.
Tol sesuai Keputusan Menteri Pekerjaan Umum dan Perumahan Rakyat
No. 295/PRT/M/2005.
Under the Law No. 38/2004, Jasa Marga is no longer responsible as
the toll road operations regulator in Indonesia. The regulator function
delegated to the Toll Road Operator Agency with reference to Minister
                                                                                       2007
of Public Works and Public Housing No. 295/PRT/M/2005.                                 •    Jasa Marga melakukan Penawaran Umum Perdana (Initial Public
                                                                                            Offering) di Bursa Efek Indonesia (BEI) dengan kode saham
                                                                                            JSMR.
                                                                                       •    Perubahan Logo Jasa Marga yang menggambarkan Modernisasi
                                                                                            dan Transformasi Perseroan.
2016                                                                                   •    Jasa Marga conducted an Initial Public Offering at Indonesia
                                                                                            Stock Exchange (IDX) with the ticker code JSMR.
                 Mengoperasikan 593 km jalan tol.                                      •    The change in Jasa Marga’s logo, which represents the
                 Operating 593 km of toll roads.                                            Company’s modernization and transformation.



                                                                                       2019
                                                                                       •    Menambah 162 km pengoperasian jalan tol, sehingga total
                                                                                            pengoperasian menjadi 1.162 km.
                                                                                       •    Uji coba terbatas pembayaran elektronik Nir-Henti (Single Lane
2021                                                                                   •
                                                                                            Free Flow/SLFF).
                                                                                            Penerbitan Sukuk Ijarah pertama.
Peresmian Jasa Marga Tollroad Command Center sebagai pusat
                                                                                       •    Pengembangan bisnis usaha non tol.
kendali yang berbasis Intelligent Transportation System (ITS)
                                                                                       •    Addition of 162 km toll road operations resulting the total
pertama di Indonesia serta peluncuran aplikasi Travoy 3.0 sebagai
                                                                                            operation reaching to 1,162 km.
asisten perjalanan digital bagi pengguna jalan.
                                                                                       •    Limited trial of Single Lane Free Flow (SLFF) electronic
Inauguration of the Jasa Marga Tollroad Command Center as the
                                                                                            payments.
first Intelligent Transportation System (ITS)-based control center
                                                                                       •    Issuance of the first Ijarah Sukuk.
in Indonesia and launch of the Travoy 3.0 app as a digital travel
                                                                                       •    Non-toll road business development.
assistant for road users.



                                                                                       2022
                                                                                       Memisahkan 4 (empat) ruas segmen jalan tol di bawah Jasamarga
                                                                                       Transjawa Tollroad Regional Division dan mengalihkan kepemilikan
                                                                                       saham di 9 (sembilan) Entitas Anak dan Ventura Bersama ke

2024                                                                                   PT Jasamarga Transjawa Tol (JTT).
                                                                                       Spin-off 4 (four) toll road segments under the Jasamarga Transjawa
•    Memperbaharui visi dan misi Perseroan sejalan dengan RJPP                         Tollroad Regional Division and transferring share ownership in 9
     2025-2029.                                                                        (nine) Subsidiaries and Joint Ventures to PT Jasamarga Transjawa
•    Melakukan optimalisasi aset melalui Equity Financing PT JTT.                      Tol (JTT).
•    Melakukan optimalisasi aset dengan mengkonsolidasi ruas
     jalan tol yaitu ruas Gempol-Pandaan.
•    Updating the company’s vision and mission in line with the
     Long-Term Company Plan (RJPP) 2025-2029.
•    Optimizing assets through Equity Financing of PT Jasamarga
     Transjawa Tol.
•    Optimizing assets by consolidating toll road section, namely
     the Gempol-Pandaan toll road.
                                                                                       2025
                                                                                       •    Perseroan mengalihkan 5.080.509.839 lembar saham Seri B atau
                                                                                            70% dari sahamnya kepada PT Danantara Asset Management
                                                                                            (Persero).
                                                                                       •    PT Jasamarga Jogja Solo resmi menjadi Anak Perusahaan Jasa
                                                                                            Marga dari sebelumnya adalah perusahaan ventura bersama.
                                                                                       •    The Company transferred 5,080,509,839 Series B shares or 70%
                                                                                            of its shares to PT Danantara Asset Management (Persero).
                                                                                       •    PT Jasamarga Jogja Solo officially becomes a subsidiary of Jasa
                                                                                            Marga, having previously been a joint venture.




PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                                 95
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Ikhtisar Kinerja Utama                    Laporan Manajemen                  Profil Perusahaan            Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights                Management Report                  Company Profile              Management Discussion and Analysis             Business Support Functions




Wilayah Operasional Perseroan
Company Operational Area

Perseroan memiliki 1 (satu) Kantor Pusat, 2 (dua) Regional, 4                                    The Company has 1 (one) Head Office, 2 (two) Regional
(empat) Representative Offices, 17 (tujuh belas) Entitas Anak,                                   Offices, 4 (four) Representative Offices, 17 (seventeen)
1 (satu) Entitas Ventura Bersama, 3 (tiga) Representative                                        Subsidiaries, 1 (one) Joint Venture Entity, 3 (three)
Offices dari PT JTT, 6 (enam) Entitas Anak dari PT JTT,                                          Representative Offices of PT JTT, 6 (six) Subsidiaries of PT
dan 3 (tiga) Ventura Bersama dari PT JTT yang tersebar di                                        JTT, and 3 (three) Joint Ventures of PT JTT spread across
seluruh Indonesia.                                                                               Indonesia.




              Sumatera Utara
              North Sumatra

  Representative Office
  • Medan: 1 Representative Office
    » Representative Office 1, Jasamarga
      Nusantara Tollroad Regional Division (Ruas/
      Segment Belawan-Medan-Tj. Morawa
  Entitas Anak
  Subsidiaries
  Deli Serdang: 1 Entitas Anak/1 Subsidiary
  PT Jasamarga Kualanamu Tol




               Jakarta dan Sekitarnya (Jabodetabekdung)
                  Greater Jakarta (Jabodetabekdung)
    Kantor Pusat                              Entitas Anak
    Head Office                               Subsidiaries
    • Jakarta: 1 Kantor Pusat/1 Head          • Jakarta: 4 Entitas Anak/
      Office                                    4 Subsidiaries
      » PT Jasa Marga (Persero) Tbk             » PT Jasamarga Japek Selatan
                                                » PT Jasamarga Related Business
    Regional
                                                » PT Jasamarga Tollroad Operator
    Regions
    • Jakarta: 2 Regional/2 Regions
                                                » PT Jasamarga Tollroad                                     Jawa Barat                                 Jawa Tengah/DIY
      » Jasamarga Metropolitan Tollroad
                                                   Maintenance                                              West Java                            Central Java/Special Region of
                                              • Bogor: 1 Entitas Anak/1 Subsidiary                                                                         Yogyakarta
        Regional Division
                                                » PT Marga Sarana Jabar                         Entitas Anak
      » Jasamarga Nusantara Tollroad
                                              • Tangerang: 1 Entitas Anak/                      Subsidiaries                                  Entitas Anak
        Regional Division
                                                1 Subsidiary                                    • Bekasi: 1 Entitas Anak/1 Subsidiary         Subsidiaries
    Representative Office                       » PT Jasamarga Kunciran                           » PT Jasamarga Transjawa Tol                • Yogyakarta: 2 Entitas Anak/2 Subsidiaries
    • Jakarta: 2 Representative Offices            Cengkareng                                   • Subang: 1 Entitas Anak/1 Subsidiary           » PT Jasamarga Jogja Bawen
      » Representative Office 1,              • Tangerang Selatan/South                           » PT Jasamarga Akses Patimban                 » PT Jasamarga Jogja Solo
        Jasamarga Metropolitan Tollroad         Tangerang: 2 Entitas Anak/                      Representative Office dari PT JTT             Entitas Anak dari PT JTT
        Regional Division (Ruas/Segment         2 Subsidiaries                                  Representative Office under PT JTT            Subsidiaries under PT JTT
        Jagorawi, Ruas/Segment JORR             » PT Cinere Serpong Jaya                        • Bekasi: 1 Representative Office             • Semarang: 1 Entitas Anak dari/Subsidiary
        E1 E2 E3 W2S, dan/and Pondok            » PT Marga Trans Nusantara                        » Representative Office 1                     under PT JTT
        Aren-Ulujami)
                                              Entitas Asosiasi dan Ventura                          PT Jasamarga Transjawa                      » PT Jasamarga Semarang-Batang
      » Representative Office 2,
                                              Bersama                                               Tol (Ruas/Segment Jakarta-                • Boyolali: 1 Entitas Anak dari/Subsidiary
        Jasamarga Metropolitan Tollroad
                                              Associated Entities and Joint                         Cikampek)                                   under PT JTT
        Regional Division (Ruas/Segment
                                              Ventures                                          • Cirebon: 1 Representative Office              » PT Jasamarga Solo Ngawi
        Cawang-Tomang-Pluit atau/or
                                              • Jakarta: 1 Ventura Bersama/1 Joint                » Representative Office 2
        Dalam Kota/Innercity Ring Road,                                                                                                       Ventura Bersama dari PT JTT
                                                Venture                                             PT Jasamarga Transjawa Tol
        Ruas/Segment Sedyatmo, Ruas/                                                                                                          Joint Ventures under PT JTT
                                                » PT Marga Lingkar Jakarta                          (Ruas/Segment Palimanan-Kanci)
        Segment Jakarta-Tangerang)                                                                                                            • Semarang: 1 Ventura Bersama dari PT JTT
    • Bandung: 1 Representative Office                                                          Ventura Bersama dari PT JTT                     » PT Trans Marga Jateng
      » Representative Office 3                                                                 Joint Ventures under PT JTT
                                                                                                • Bekasi: 1 Ventura Bersama dari/             Representative Office dari PT JTT
        Jasamarga Metropolitan Tollroad
                                                                                                  Joint Ventures under PT JTT                 Representative Office under PT JTT
        Regional Division (Ruas/Segment
                                                                                                  » PT Jasamarga Jalanlayang                  • Semarang: 1 Representative Office
        Cikampek-Padalarang-Cileunyi)
                                                                                                    Cikampek                                    » Representative Office 2 PT Jasamarga
                                                                                                                                                  Transjawa Tol (Ruas/Segment Semarang
                                                                                                                                                  Seksi/Section A,B,C)




96                                                                                                      Laporan Tahunan 2025 Annual Report         PT Jasa Marga (Persero) Tbk
Page 97
06                                    07                                               08
Tata Kelola Perusahaan                Tanggung Jawab Sosial Perusahaan                 Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance             Corporate Social Responsibility                  Reference of POJK, SEOJK, and ARA Criteria




                                                                                           Tabel Wilayah Operasional Selama 5 Tahun Terakhir
                                                                                           Table of Operational Areas for the Last 5 Years



                                                                                             Jaringan Kantor                 2025   2024       2023      2022      2021
                                                                                             Office Networks

                                                                                            Kantor Pusat
                                                                                                                              1      1           1         1          1
                                                                                            Head Office

                                                                                            Kantor Regional
            Kalimantan                             Sulawesi Utara                                                             2      2           2         2          3
                                                                                            Regional Office
                                                   North Sulawesi
   Entitas Anak                             Entitas Anak                                    Representative Office             4      4           4         4          8
   Subsidiaries                             Subsidiaries
   • Samboja: 1 Entitas Anak/1              • Minahasa Utara: 1 Entitas                     Entitas Anak
                                                                                                                              17     17          17       16          19
     Subsidiary                               Anak/1 Subsidiary                             Subsidiaries
     » PT Jasamarga Balikpapan                » PT Jasamarga Manado
        Samarinda                                Bitung                                     Ventura Bersama
                                                                                                                              1      2           2         2          7
                                                                                            Joint Venture




                  Bali                                                        Jawa Timur
                                                                               East Java
    Entitas Anak
    Subsidiaries                               Entitas Anak                            • Pasuruan: 1 Entitas Anak dari
    • Denpasar: 1 Entitas Anak/1               Subsidiaries                              PT JTT/1 Subsidiary under PT JTT
      Subsidiary                               • Probolinggo: 1 Entitas                  » PT Jasamarga Pandaan Tol
      » PT Jasamarga Bali Tol                    Anak/1 Subsidiary
                                                                                       Representative Office dari PT JTT
                                                 » PT Jasamarga Probolinggo
                                                                                       Representative Office under PT JTT
                                                    Banyuwangi
                                                                                       • Surabaya: 1 Representative Office
                                               Entitas Anak dari PT JTT                  » Representative Office 3
                                               Subsidiaries under PT JTT                   PT Jasamarga Transjawa Tol
                                               • Madiun: 1 Entitas Anak dari PT JTT/       (Ruas/Segment Surabaya-
                                                 1 Subsidiary under PT JTT                 Gempol)
                                                 » PT Jasamarga Ngawi Kertosono
                                                                                       Ventura Bersama dari PT JTT
                                                    Kediri
                                                                                       Joint Ventures under PT JTT
                                               • Sidoarjo: 1 Entitas Anak dari
                                                                                       • Malang: 1 Ventura Bersama dari PT
                                                 PT JTT/1 Subsidiary under PT JTT
                                                                                         JTT/1 Joint Venture under PT JTT
                                                 » PT Jasamarga Surabaya                                                                 Jasamarga Nusantara Tollroad
                                                                                         » PT Jasamarga Pandaan Malang
                                                    Mojokerto                                                                            Regional Division
                                               • Pasuruan: 1 Entitas Anak dari
                                                 PT JTT/1 Subsidiary under PT JTT                                                        Jasamarga Metropolitan Tollroad
                                                 » PT Jasamarga Gempol Pasuruan                                                          Regional Division
                                                                                                                                         PT Jasamarga Transjawa Tol




PT Jasa Marga (Persero) Tbk        Laporan Tahunan 2025 Annual Report                                                                                                 97
Page 98
01                              02                            03                       04                                        05
Ikhtisar Kinerja Utama          Laporan Manajemen             Profil Perusahaan         Analisa dan Pembahasan Manajemen          Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report             Company Profile           Management Discussion and Analysis        Business Support Functions




Peta Jasa Marga Metropolitan Tollroad Regional Division
Map of Jasa Marga Metropolitan Tollroad Regional Divison




                                  Cengkareng
                                                    4     Penjaringan

                                Batuceper                                Pluit
                                                                                                            Cilincing


                                                             Kebon          Tomang            Kelapa
                                        11                   Jeruk                            Gading             Cakung

                                               3             9                              Cawang                                          Cibitung
                                                                               2
                             Kunciran                                                               7                   Bekasi
                                                                     Ulujami
                                             12

                                                                           Antasari                    Cikunir
                                                                     8
                                         Serpong

                                                        13




                                                             Cinere

                                                                                   Cimanggis



                                                                            Depok
                                                                                           1

                                                    Salabenda


                                                                         Simpang
                                                        Simpang          Yasmin
                                                        Semplak
                                                                           10
                                                                                      Bogor




98                                                                                    Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
Page 99
           06                                 07                                  08
           Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan    Referensi POJK, SEOJK, dan Kriteria ARA
           Good Corporate Governance          Corporate Social Responsibility     Reference of POJK, SEOJK, and ARA Criteria




                                Legenda | Legend

                                            Jalan Tol Beroperasi Milik Jasa Marga
                                            Operational Toll Road Owned by Jasa Marga

                                            Jalan Tol Fase Pembebasan Lahan & Konstruksi Milik Jasa Marga
                                            Toll Road Owned by Jasa Marga in Land Acquisition & Construction Phases

                                            Jalan Tol Beroperasi Milik Badan Usaha Jalan Tol Lain
                                            Operational Toll Road Owned by Other Toll Road Enterprises

                                            Jalan Tol Fase Pembebasan Lahan & Konstruksi Milik Badan Usaha Jalan Tol Lain
                                            Toll Road Owned by Other Toll Road Enterprises in Land Acquisition & Construction Phases




                                                            Ruas Jalan Tol                                   Perusahaan
Cikampek                         No.                          Toll Roads                                      Company
                                  1.     Jakarta-Bogor-Ciawi                                   PT Jasa Marga (Persero) Tbk

                                  2.     Cawang-Tomang-Pluit                                   PT Jasa Marga (Persero) Tbk

                                  3.     Jakarta-Tangerang                                     PT Jasa Marga (Persero) Tbk

                                  4.     Prof. Dr. Ir. Sedyatmo                                PT Jasa Marga (Persero) Tbk
      Purwakarta
                                  5.     Cikampek-Purwakarta-Padalarang                        PT Jasa Marga (Persero) Tbk

                                  6.     Padalarang-Cileunyi                                   PT Jasa Marga (Persero) Tbk

                                  7.     JORR Seksi Non S                                      PT Jasa Marga (Persero) Tbk

                                  8.     Pondok Aren-Bintaro Viaduct-Ulujami                   PT Jasa Marga (Persero) Tbk

                                  9.     Ullujami-Kebon Jeruk (JORR W2 Utara)                  PT Marga Lingkar Jakarta

                                 10.     Bogor Ring Road                                       PT Marga Sarana Jabar
  5
                                 11.     Cengkareng-Batuceper-Kunciran                         PT Jasamarga Kunciran Cengkareng

                                 12.     Kunciran-Serpong                                      PT Marga Trans Nusantara

                                 13.     Serpong-Cinere                                        PT Cinere Serpong Jaya




                   Padalarang




                                                             Cileunyi



                   Bandung                   6




           PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                           99
Page 100
01                                    02                      03                     04                                           05
Ikhtisar Kinerja Utama                Laporan Manajemen       Profil Perusahaan       Analisa dan Pembahasan Manajemen             Fungsi Penunjang Bisnis
Main Performace Highlights            Management Report       Company Profile         Management Discussion and Analysis           Business Support Functions




Peta PT Jasamarga Transjawa Tol
Map of PT Jasamarga Transjawa Tol




                                                     JAKARTA
                      Merak
                                           Tangerang                                             Patimban
                             Serang

                                                                            5        Cikampek
                                                                                 1
                        Rangkasbitung Balaraja
                                                                                          Subang
                                                          Depok
                                                                      Purwakarta                         Palimanan
                                                                  Bogor                                                   2      Cirebon
                       BANTEN                                                         Padalarang
                                                                                         Bandung         Sumedang
                                                                  Sukabumi                                                            Pejagan            Pemalang   Batang
                                                                                                   Cileunyi


                                                                    JAWA BARAT
                                                                                                                                                 JAWA TENGAH




                                                                                                                                                                         Kulonp




                              Ruas Jalan Tol                                     Perusahaan
 No.                            Toll Roads                                        Company
   1.    Jakarta-Cikampek (Japek)                                 PT Jasamarga Transjawa Tol

  2.     Palimanan-Kanci (Palikanci)                              PT Jasamarga Transjawa Tol

  3.     Semarang ABC                                             PT Jasamarga Transjawa Tol

  4.     Surabaya-Gempol (Surgem)                                 PT Jasamarga Transjawa Tol

  5.     Jalan Layang Sheikh Mohamed Bin Zayed (MBZ)              PT Jasamarga Jalanlayang Cikampek

  6.     Batang-Semarang                                          PT Jasamarga Semarang Batang

   7.    Semarang-Solo                                            PT Trans Marga Jateng

  8.     Solo-Ngawi                                               PT Jasamarga Solo Ngawi

  9.     Ngawi-Kertosono-Kediri                                   PT Jasamarga Ngawi Kertosono Kediri

  10.    Surabaya-Mojokerto                                       PT Jasamarga Surabaya Mojokerto

  11.    Gempol-Pandaan                                           PT Jasamarga Pandaan Tol

  12.    Gempol-Pasuruan                                          PT Jasamarga Gempol Pasuruan

  13.    Pandaan-Malang                                           PT Jasamarga Pandaan Malang




100                                                                                  Laporan Tahunan 2025 Annual Report       PT Jasa Marga (Persero) Tbk
Page 101
                           06                                  07                                          08
                           Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan            Referensi POJK, SEOJK, dan Kriteria ARA
                           Good Corporate Governance           Corporate Social Responsibility             Reference of POJK, SEOJK, and ARA Criteria




                                                                                                                                          MADURA


                            Demak
        6          Semarang
                                                                                                  Gresik
               3                                                  JAWA TIMUR                                    Surabaya
                   Bawen
                                                       Ngawi                                          10
                                                                                    Mojekerto               4
                     7                      8
                              Solo                                                                 Gempol               Pasuruan
                                                                         9          Kertosono                      12
                                                                                                         11
                                                                                                   Pandaan
                                                                                                              13
progo                                                                                                                                Probolinggo
              Yogyakarta
                                                                                    Kediri                      Malang
            YOGYAKARTA

                                                                                                                                                        Banyuwangi




                                                Legenda | Legend

                                                           Jalan Tol Beroperasi Milik Jasa Marga
                                                           Operational Toll Road Owned by Jasa Marga

                                                           Jalan Tol Fase Pembebasan Lahan & Konstruksi Milik Jasa Marga
                                                           Toll Road Owned by Jasa Marga in Land Acquisition & Construction Phases

                                                           Jalan Tol Beroperasi Milik Badan Usaha Jalan Tol Lain
                                                           Operational Toll Road Owned by Other Toll Road Enterprises

                                                           Jalan Tol Fase Pembebasan Lahan & Konstruksi Milik Badan Usaha Jalan Tol Lain
                                                           Toll Road Owned by Other Toll Road Enterprises in Land Acquisition & Construction Phases




                           PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                            101
Page 102
01                               02                     03                    04                                           05
Ikhtisar Kinerja Utama           Laporan Manajemen      Profil Perusahaan      Analisa dan Pembahasan Manajemen             Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report      Company Profile        Management Discussion and Analysis           Business Support Functions




Peta Jasa Marga Nusantara Tollroad Regional Division
Map of Jasa Marga Nusantara Tollroad Regional Divison




                             1

                                      2




                                                                                                                                                            4




                                                                                                                   6
                                                                                                                                                        3




          Legenda | Legend


                                  Ruas Jalan Tol                             Perusahaan
            No.                     Toll Roads                                Company
              1.     Belawan-Medan-Tanjung Morawa (Belmera)       PT Jasa Marga (Persero) Tbk

              2.     Medan-Kualanamu-Tebing Tinggi                PT Jasamarga Kualanamu Tol

              3.     Nusa Dua-Ngurah Rai-Benoa                    PT Jasamarga Bali Tol

              4.     Balikpapan-Samarinda                         PT Jasamarga Balikpapan Samarinda

              5.     Manado-Bitung                                PT Jasamarga Manado Bitung

              6.     Solo-Yogyakarta-NYIA Kulon Progo             PT Jasamarga Jogja Solo




102                                                                          Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 103
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




              5




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                 103
Page 104
01                                        02                               03                               04                                                05
Ikhtisar Kinerja Utama                    Laporan Manajemen                Profil Perusahaan                 Analisa dan Pembahasan Manajemen                  Fungsi Penunjang Bisnis
Main Performace Highlights                Management Report                Company Profile                   Management Discussion and Analysis                Business Support Functions




Akses terhadap Perseroan
Access to the Company



PT Jasa Marga (Persero) Tbk
Plaza Tol Taman Mini Indonesia
Indah, Jakarta 13550
(021) 841 3526, 841 3630
jsmr@jasamarga.co.id




 Jasamarga Metropolitan                  Representative Office 1            Representative Office 2                  Representative Office 3
 Tollroad Regional Division              (Jagorawi)                         (Dalkot, Janger)                         (Bandung)
 Plaza Tol Cililitan                     Plaza Tol Cibubur 1                Plaza Tol Cililitan                      Plaza Toll Pasteur
 Jl. Cililitan Besar,                    Jl. Buperta-Jambore,               Jl. Cililitan Besar,                     Jl. Dr. Djundjunan No. 257,
 Jakarta 13510                           Pondok Rangon,                     Jakarta 13510                            Bandung 40164
 (021) 80887227                          Jakarta Timur 13860                (021) 80887227                           (022) 2000868
 jm.regmetropolitan@jasamarga.co.id      ro1jmt@jasamarga.co.id             ro2jmt@jasamarga.co.id                   purbaleunyi@jasamarga.co.id




 PT Cinere Serpong Jaya                  PT Jasamarga Kunciran Cengkareng   PT Marga Lingkar Jakarta                 PT Marga Sarana Jabar                PT Marga Trans Nusantara
 (PT CSJ)                                (PT JKC)                           (PT MLJ)                                 (PT MSJ)                             (PT MTN)
 Plaza Tol Pamulang                      GRHA JKC                           Plaza Tol Meruya                         Plaza Tol Sentul Barat               Plaza Tol Parigi
 Jl. RE Martadinata, Ciputat,            Jl. Arteri Blok Kelapa No. 17,     Jl. Meruya Utara No. 1,                  Jl. Tol Lingkar Luar Bogor,          Jl. H. Rasam, Parigi Baru,
 Tangerang Selatan 15411                 Kel. Buaran Indah                  Jakarta Barat 11620                      Kab. Bogor, Jawa Barat 16710         Kec. Pd. Aren, Kota Tangerang Selatan,
 (021) 74783000                          Kec. Tangerang 15119               (021) 589 08462                          (021) 29255000                       Banten 15228
 csj@jasamarga.co.id                     (021) 55782453                     margalingkarjakarta@mlj-tollroad.co.id   margasaranajabar@gmail.com           (021) 22215888
                                         jkc@jasamarga.co.id                                                                                              kunciranserpong.tollroad@mtn.co.id




 PT Jasamarga Transjawa Tol              Representative Office 1            Representative Office 2                  Representative Office 2              Representative Office 3
 (PT JTT)                                (Cikampek)                         (Palikanci)                              (Semarang)                           (Surabaya)
 Plaza Tol Jakarta-Cikampek              Jl. Teuku Umar Sepanjang Jaya      Jl. Jendral Sudirman No. 138,            Plaza Tol Manyaran                   Plaza Tol Kota Satelit
 Jl. Teuku Umar Sepanjang Jaya           Rawalumbu,                         Ciperna-Cirebon 45171                    Semarang, Jawa Tengah 5014           Jl. Mayjen Sungkono, Putat Gede
 Rawalumbu,                              Kota Bekasi 17114                  (0231) 489800                            (024) 7606014                        Surabaya Timur
 Kota Bekasi 17114                       (021) 8216515                      palikanci@jasamarga.co.id                semarang@jasamarga.co.id             (031) 5624444
 (021) 8216515                           ro1@jmtransjawatol.co.id                                                                                         ro3@jmtransjawatol.co.id
 jasamarga.transjawa@jasamarga.co.id




 PT Jasamarga Gempol Pasuruan            PT Jasamarga Pandaan Malang        PT Jasamarga Jalanlayang                 PT Jasamarga Pandaan Tol             PT Jasamarga Ngawi Kertosono
 (PT JGP)                                (PT JPM)                           Cikampek (PT JJC)                        (PT JPT)                             Kediri (PT JNK)
 Plaza Tol Pasuruan                      Plaza Tol Singosari                Jl. Teuku Umar No. 1,                    Plaza Tol Pandaan                    Plaza Tol Madiun
 Jl. Urip Sumoharjo, Sutojayan,          Malang 65153                       RT 02 RW 01, Kel. Sepanjangjaya,         Pasuruan, Jawa Timur 67156           RT 26 RW 04, Desa Bagi,
 Pohjentrek, Purworejo,                  (0341) 4366666                     Kec. Rawalumbu, Bekasi 17114             (0343) 5650727                       Kec. Madiun, Kab. Madiun,
 Kota Pasuruan, Jawa Timur 67119         jpm@jasamarga.co.id                (021) 82738397                           jasamarga.pandaantol@gmail.com       Jawa Timur 63151
 (0343) 5633333                                                             jasamarga.jjc@gmail.com                                                       0811-3782-403
 jgp@jasamarga.co.id                                                                                                                                      jnk@jnktollroad.com




 PT Jasamarga Semarang Batang            PT Jasamarga Surabaya Mojokerto     PT Trans Marga Jateng                   PT Jasamarga Solo Ngawi
 (PT JSB)                                (PT JSM)                            (PT TMJ)                                (PT JSN)
 Plaza Tol Kalikangkung                  Plaza Tol Waru 1 & Ramp             Plaza Tol Banyumanik                    Plaza Tol Ngemplak
 RW 01, Kel. Gondoriyo, Kec. Ngaliyan,   Jl. Raya Taman, Sidoarjo 61256      Jl. Mulawarman Raya No. 1B,             RT 06 RW 01, Desa Sawahan,
 Kota Semarang 50187                     (031) 7879994                       RT.02/RW.04,                            Kec. Ngemplak, Kab. Boyolali 57375
 (024) 76433625                          sekretariat@tollsumo.com            Pedalangan, Banyumanik,                 (0271) 7788 777
 office@jsb.co.id                                                            Semarang, Jawa Tengah 50268             ptjasamargasolongawi@gmail.com
                                                                             (024) 7475222
                                                                             admin@transmargajateng.com




104                                                                                                     Laporan Tahunan 2025 Annual Report                PT Jasa Marga (Persero) Tbk
Page 105
06                                          07                                                08
Tata Kelola Perusahaan                      Tanggung Jawab Sosial Perusahaan                  Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance                   Corporate Social Responsibility                   Reference of POJK, SEOJK, and ARA Criteria




Jasamarga Nusantara                    Representative Office 1
Tollroad Regional Division             Jasamarga Nusantara Tollroad Regional
Plaza Tol Taman Mini Indonesia Indah   Division (Ruas Belawan-Medan-Tj. Morawa
Gedung A Lt. 3, Jakarta 13550          Jl. Alumunium Raya,
T: 0811613999                          Tanjung Mulia, Medan Deli,
E: nusantara@jasamarga.co.id           Kota Medan, Sumatera Utara 20241




PT Jasamarga Balikpapan                PT Jasamarga Manado Bitung           PT Jasamarga Bali Tol                PT Jasamarga Kualanamu Tol            PT Jasamarga Jogja Solo
Samarinda (PT JBS)                     (PT JMB)                             (PT JBT)                             (PT JMKT)                             (PT JMJ)
Jl. Sungai Merdeka RT 004,             Plaza Tol Jasamarga Manado Bitung    Grha Bali Tol                        Plaza Tol Kualanamu                   Jl. Ring Road Utara No.98
Kel. Sungai Merdeka,                   Jl. Tol Manado-Bitung KM. 0,         Jl. Raya Pelabuhan Benoa No.88,      Penara Kebun, Tanjung Morawa,         Nayan, Maguwoharjo
Kec. Samboja Barat,                    Desa Maumbi, Kec. Kalawat,           Kota Denpasar, Bali 80222            Deli Serdang, Sumatra Utara 20362     Kec. Depok, Kabupaten Sleman,
Kab. Kutai Kartanegara, Kalimantan     Minahasa Utara, Sulawesi Utara       corporate@jasamargabalitol.co.id     0811-613-8888, 0811-613-9999          Daerah Istimewa Yogyakarta 55281
Timur 75271                            95378                                                                     jasamarga.kualanamutol@gmail.com      T: 027-4488780
tolbalikpapansamarinda@gmail.com       jmmanadobitung@gmail.com                                                                                        E: jmj@jasamarga.co.id




PT Jasamarga Akses Patimban                     PT Jasamarga Japek Selatan                    PT Jasamarga Jogja Bawen                      PT Jasamarga Probolinggo
(PT JAP)                                        (PT JJS)                                      (PT JJB)                                      Banyuwangi (PT JPB)
Jl. Raya Purwadadi No. 62,                      Plaza Tol Pondok Gede Timur                   Jl. Sareh No.3,                               Jl. Panglima Sudirman KM. 120,
Kampung Karangsambung,                          RT 001 RW 007, Jatibening,                    Kotabaru, Gondokusuman,                       Tanggul Angin, RT 002 RW 002,
RT 001 RW 001,                                  Pondok Gede, Bekasi,                          Kota Yogyakarta, DIY 55224                    Sukomulyo, Pajarakan,
Desa Pasirbungur, Kec. Purwadadi,               Jawa Barat 17412                              jasamargajogjabawen@gmail.com                 Probolinggo, Jawa Timur
Kab. Subang, Jawa Barat 41261                   (021) 85211970                                                                              (0335) 8473 333
pt.jap@jasamarga.co.id                          jasamargajapekselatan@gmail.com                                                             tolprobowangi@gmail.com
japatimban@gmail.com




PT Jasamarga Tollroad Operator                 PT Jasamarga Tollroad Maintenance              PT Jasamarga Related Business
Gedung C Lt. 3 & 4                             Gedung C Lt. 1                                 Gedung C Lt. 2
Plaza Tol Taman Mini Indonesia Indah           Plaza Tol Taman Mini Indonesia Indah           Plaza Tol Taman Mini Indonesia Indah
Jakarta 13550                                  Jakarta 13550                                  Jakarta 13550
(021) 22984722                                 (021) 2983 5858                                (021) 22093560
support@jmto.co.id                             cs@jmtm.co.id                                  relatedbusiness@jmrb.co.id




PT Jasa Marga (Persero) Tbk            Laporan Tahunan 2025 Annual Report                                                                                                    105
Page 106
01                                 02                            03                        04                                            05
Ikhtisar Kinerja Utama             Laporan Manajemen             Profil Perusahaan          Analisa dan Pembahasan Manajemen              Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report             Company Profile            Management Discussion and Analysis            Business Support Functions




Visi, Misi, dan Budaya Perseroan
Vision, Mission, and Corporate Culture
Review atas Perubahan Visi dan Misi Perseroan                                       Review of the Company’s Vision and Mission

Perseroan secara konsisten melakukan kajian terhadap kesesuaian Visi dan Misi       The Company consistently reviews the alignment of its Vision and Mission with
agar selaras dengan ketahanan usaha dan pertumbuhan, serta tetap memberikan         business resilience and growth, while continuing to provide the best service to
pelayanan terbaik kepada pengguna jalan tol dengan inovasi untuk peningkatan        toll road users through innovation to enhance sustainable value. The Company’s
nilai yang berkelanjutan. Kajian yang dilakukan Perseroan senantiasa melibatkan     reviews always involve all relevant parties, namely the Board of Commissioners,
seluruh pihak terkait, yakni Dewan Komisaris, Direksi, dan karyawan dengan          the Board of Directors, and employees, while considering the interests of
tetap memperhatikan kepentingan dari para pemangku kepentingan, tantangan,          stakeholders, challenges, business development plans, and business dynamics.
rencana pengembangan usaha, dan dinamika bisnis yang terjadi.


Pada tahun 2024, Perseroan melakukan perubahan Visi dan Misi sesuai dengan          In 2024, the Company revised its Vision and Mission in accordance with Board
Surat Keputusan Direksi No. 60/KPTS/2024 tanggal 29 April 2024 tentang Visi         of Directors Decree No. 60/KPTS/2024, dated April 29, 2024, on the Company’s
dan Misi Perseroan. Berdasarkan hasil kajian yang telah dilakukan pada tahun        Vision and Mission. Based on the results of a 2025 study, the Company’s vision
2025, visi dan misi Perseroan tidak mengalami perubahan. Perseroan menilai          and mission remain unchanged. The Company considers the current vision and
bahwa visi dan misi yang ada saat ini masih relevan, di mana keputusan ini juga     mission to remain relevant, and this decision has also been approved by the
telah mendapat persetujuan dari Dewan Komisaris.                                    Board of Commissioners.




 Visi Inovasi menuju peningkatan nilai
      yang berkelanjutan.
     Vision                  Innovation towards the enhancement of sustainable value.



                              Inovasi mencerminkan bahwa Perseroan mendorong untuk terus menerus mencari solusi baru dan kreatif,
                              mengembangkan ide-ide baru, dan menerapkan praktik terkini yang dapat meningkatkan efisiensi, produktivitas,
                              dan kualitas. Inovasi dapat melibatkan teknologi, proses yang efisien, serta perbaikan yang berkelanjutan dalam
                              operasi Perseroan.
       Inovasi                Innovation reflects the Company’s commitment to continuously seek new and creative solutions, develop new
                              ideas, and implement the latest practices to enhance efficiency, productivity, and quality. Innovation may involve
     Innovation               technology, efficient processes, and continuous improvements in the Company’s operations.


                              Peningkatan nilai bermakna bahwa Perseroan dalam menjalankan setiap aktivitas dan kegiatan bisnisnya
                              berfokus untuk memberikan nilai tambah untuk seluruh pemangku kepentingan. Pemangku kepentingan tersebut
                              meliputi antara lain pemerintah, pengguna jalan tol, pemegang saham, investor/kreditur/mitra bisnis, karyawan,
                              dan masyarakat umum.
 Peningkatan Nilai
Value Enhancement             Indikasi peningkatan manfaat bagi masing-masing pemangku kepentingan adalah sebagai berikut, namun tidak
                              terbatas pada:
                              •   Pemerintah: penyediaan infrastruktur, pertumbuhan ekonomi wilayah, dan lain sebagainya,
                              •   Pengguna Jalan tol: pengurangan waktu tempuh, pengurangan kemacetan, kenyamanan dan keamanan
                                  dalam melewati jalan tol, dan lain sebagainya;
                              •   Pemegang saham: peningkatan nilai saham, reputasi Perseroan, peningkatan dividen, dan lain sebagainya;
                              •   Investor/kreditur/mitra bisnis: pertumbuhan bisnis, peningkatan kolaborasi, dan lain sebagainya;
                              •   Karyawan: peningkatan kesejahteraan, pengembangan karier, lingkungan kerja yang sehat dan kondusif, dan
                                  lain sebagainya; dan
                              •   Masyarakat umum: mendorong peningkatan ekonomi masyarakat, peningkatan mobilitas, dan lain sebagainya.

                              Value enhancement means that the Company, in conducting business activities, focuses on providing added value
                              for all stakeholders. These stakeholders include, among others, the government, toll road users, shareholders,
                              investors/creditors/business partners, employees, and the general public.

                              The indication of increased benefits for each stakeholder is as follows, but not limited to:
                              • Government: provision of infrastructure, regional economic growth, and so on,
                              • Toll road users: reduced travel time, reduced congestion, comfort and safety when using the toll road, and so on;
                              • Shareholders: increase in stock value, the Company’s reputation, increased dividends, and so on;
                              • Investors/creditors/business partners: business growth, increased collaboration, and so on;
                              • Employees: improved welfare, career development, a healthy and conducive work environment, and so on; ; and
                              • The general public: encouraging economic growth, increased mobility, and so on.


                              Berkelanjutan bermakna luas baik dari sisi bisnis Perseroan, maupun dari sisi sosial, ekonomi, dan lingkungan,
                              serta tata kelola Perusahaan yang baik dengan menekankan pada keberlanjutan ekonomi Perseroan, pengelolaan
                              sumber daya secara bijak, dan keterlibatan dalam praktik bisnis yang mendukung ketahanan Perseroan jangka
                              panjang.
                              Sustainability refers broadly to both the company’s business side and the social, economic, and environmental
  Berkelanjutan               aspects, as well as good corporate governance. It emphasizes the company’s economic sustainability, prudent
  Sustainability              resource management, and engagement in business practices that support the company’s long-term resilience.




106                                                                                       Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 107
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




    Misi
                                                                    Misi Perseroan disusun untuk menjabarkan lebih lanjut
                                                                    aktivitas inti Perseroan untuk memenuhi visi.
                                                                    The Company’s mission is formulated to further elaborate
     Mission                                                        the core activities of the Company in order to fulfill its vision.




                     Mengembangkan jaringan jalan tol dan menjalankan usaha di rantai nilai bisnis dalam skala
                     nasional maupun internasional
                     To develop a network of toll roads and operate in the business value chain both nationally
                     and internationally

                     Filosofi di balik misi ini mencakup komitmen terhadap kualitas, keandalan, dan kontribusi terhadap konektivitas dan
                     mobilitas serta peningkatan ekosistem bisnis Perseroan secara luas.
                     The philosophy behind this mission encompasses a commitment to quality, reliability, and contributing to connectivity
                     and mobility, as well as enhancing the Company’s business ecosystem at large.


                     Mengembangkan inovasi untuk memberikan pelayanan unggul, meningkatkan keselamatan,
                     kenyamanan, dan kemudahan perjalanan, serta menjalankan operasi dan proses bisnis
                     Perusahaan dengan efisien dan berkesinambungan
                     Developing innovations to provide excellent service, enhance safety, comfort, and
                     convenience of travel, as well as operating and managing the Company’s business processes
                     efficiently and sustainably

                     Filosofi di balik misi ini mencakup dorongan untuk terus menerapkan ide-ide baru dan inovasi sebagai budaya
                     Perseroan dan ways of working dalam mewujudkan layanan berkualitas serta mencapai proses bisnis yang efisien dan
                     berkesinambungan.
                     The philosophy behind this mission includes the motivation to continuously implement new ideas and innovations as part
                     of the Company’s culture and ways of working, to deliver high-quality services and achieve efficient and sustainable
                     business processes.


                     Menerapkan prinsip-prinsip lingkungan, sosial, dan tata kelola Perusahaan yang baik untuk
                     memastikan ketahanan usaha
                     Implementing environmental, social, and good corporate governance principles to ensure
                     business resilience

                     Filosofi yang mendasari misi ini mencakup komitmen terhadap keberlanjutan ekonomi, tanggung jawab sosial, dan
                     pelestarian lingkungan sebagai elemen kunci dalam pengelolaan Perseroan, termasuk tata kelola dan manajemen risiko
                     untuk mengantisipasi dampak jangka panjang dalam setiap pengambilan keputusan.
                     The philosophy underlying this mission includes a commitment to economic sustainability, social responsibility, and
                     environmental preservation as key elements in the Company’s management. This encompasses governance and risk
                     management to anticipate long-term impacts in every decision-making process.


                     Mendorong peningkatan manfaat yang berkelanjutan bagi masyarakat, pemegang saham,
                     dan stakeholder lainnya, serta peningkatan nilai Perusahaan secara menyeluruh
                     Promoting the continuous enhancement of sustainable benefits for society, shareholders,
                     and other stakeholders, as well as the overall value of the Company

                     Filosofi yang mendasari misi ini bahwa Perseroan harus selalu berupaya untuk mempertahankan keberlanjutan usaha
                     dalam jangka waktu yang panjang dan memberikan peningkatan nilai Perseroan secara menyeluruh untuk memastikan
                     dampak positif dan manfaat bagi seluruh pemangku kepentingan.
                     The philosophy underlying this mission is that the Company must always strive to maintain long-term business
                     sustainability and deliver comprehensive value enhancement to ensure positive impacts and benefits for all stakeholders.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                       107
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Ikhtisar Kinerja Utama          Laporan Manajemen         Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report         Company Profile          Management Discussion and Analysis       Business Support Functions




Budaya Perseroan                                                             Corporate Culture

Tata Nilai                                                                   Core Values
Jasa Marga menerapkan tata nilai AKHLAK (Amanah,                             Jasa Marga implements the AKHLAK values (Trustworthy,
Kompeten, Harmonis, Loyal, Adaptif, dan Kolaboratif)                         Competent, Harmonious, Loyal, Adaptive, and Collaborative)
sebagai landasan dalam berperilaku bagi seluruh karyawan                     as the foundation for the behavior of all employees working
yang bekerja di lingkungan Jasa Marga Grup. Penerapan                        within Jasa Marga Group. This implementation is in
tersebut telah sesuai dengan Surat Edaran Menteri BUMN                       accordance with the Circular Letter of the Minister of SOE
No. SE-7/MBU/07/2020 tanggal 1 Juli 2020 tentang Nilai-                      No. SE-7/MBU/07/2020 dated July 1, 2020, on the Core
Nilai Utama (Core Values) Sumber Daya Manusia BUMN.                          Values of Human Resources in State-Owned Enterprises.

Jasa Marga telah mengimplementasikan tata nilai AKHLAK                       Jasa Marga has implemented the AKHLAK values in both
baik di lingkungan induk maupun anak perusahaan, sehingga                    the parent company and its subsidiaries, thereby creating
Perseroan memiliki budaya kerja yang dapat meningkatkan                      a work culture that enhances the Company’s value and
nilai Perseroan dan memperkuat daya saingnya.                                strengthens its competitiveness.

Perubahan atas tata nilai Perseroan dari semula APIC                         The change in the Company’s values from APIC (Agility,
(Agility, Professionalism, Integrity, dan Customer Focus)                    Professionalism, Integrity, and Customer Focus) to AKHLAK
menjadi AKHLAK tertuang dalam Surat Keputusan Direksi                        is stipulated in the Board of Directors Decree No. 58/
No. 58/KPTS/2020 tanggal 29 Juli 2020 tentang Tata                           KPTS/2020 dated July 29, 2020, on Corporate Values. The
Nilai Perusahaan. Penerapan tata nilai AKHLAK dilakukan                      implementation of AKHLAK values is carried out through
melalui 4 (empat) proses tahapan untuk transformasi                          4 (four) stages of the Company’s cultural transformation:
Budaya Perseroan yaitu tahap Awareness (Sosialisasi),                        the Awareness (Dissemination) stage, the Understanding
tahap Understanding (Internalisasi), tahap Acceptance                        (Internalization) stage, the Acceptance stage, and the
(Penerimaan), dan tahap Commitment (Penguatan) yang                          Commitment stage. The AKHLAK Core Values consist of six
dilakukan secara konsisten. Tata Nilai AKHLAK terdiri dari 6                 core values and 18 key behaviors, as explained below:
core values dan 18 perilaku utama, sebagaimana dijelaskan
sebagai berikut:




  Launching JSMR MOVE, Sebagai Budaya Kerja untuk Percepatan Transformasi Pelayanan Jalan Tol
  Launching JSMR MOVE, Working Culture for Accelerating Toll Road Service Transformation




108                                                                              Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 109
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




     Amanah                                           Kompeten                                           Harmonis
     Trustworthy                                      Competent                                          Harmonious

  Makna | Meaning                                   Makna | Meaning                                    Makna | Meaning
  Memegang teguh kepercayaan yang                   Terus belajar dan mengembangkan                    Saling peduli dan menghargai
  diberikan.                                        kapabilitas.                                       perbedaan.
  Firmly uphold the given trust.                    Continuous learning and develop                    Care each other and respect diversity.
                                                    capacity.
  Perilaku Utama | Key Behavior                                                                        Perilaku Utama | Key Behavior
  • Memenuhi janji dan komitmen.                    Perilaku Utama | Key Behavior                      • Menghargai setiap orang apapun latar
  • Bertanggung jawab atas tugas,                   • Kreatif dan inovatif serta meningkatkan            belakangnya.
    keputusan, dan tindakan yang                      kompetensi diri untuk menjawab                   • Peduli dan suka menolong orang lain.
    dilakukan.                                        tantangan yang selalu berubah.                   • Membangun lingkungan kerja yang
  • Berpegang teguh kepada kejujuran,               • Memberikan solusi terbaik dan                      kondusif.
    moral, dan etika.                                 membantu orang lain belajar.                     • Respect everyone’s opinions, ideas or
  • Fulfilling promise and commitment.              • Disiplin dalam menyelesaikan tugas dan             ideas regardless of their background.
  • Responsible over duties, decision                 bekerja tuntas dengan kualitas terbaik.          • Care and help others.
    and actions taken.                              • Creative and innovative as well as               • Build a conducive work environment.
  • Commitment towards integrity,                     improving individual competency to
    morality, and ethics.                             answer the changing challenges.
                                                    • Provide the best solution and help
                                                      others to learn.
                                                    • Discipline in fulfilling the duties
                                                      and work completely with excellent
                                                      quality.




     Loyal                                            Adaptif                                            Kolaboratif
     Loyal                                            Adaptive                                           Collaborative

  Makna | Meaning                                   Makna | Meaning                                    Makna | Meaning
  Berdedikasi dan mengutamakan                      Terus berinovasi dan antusias dalam                Membangun kerja sama yang sinergis.
  kepentingan Bangsa dan Negara.                    menggerakkan ataupun menghadapi                    Build synergic partnership.
  Dedicated and prioritizing interests of           perubahan.
  the Nation and State.                             Continue to innovate and be enthusiastic           Perilaku Utama | Key Behavior
                                                    in driving or facing change.                       • Memberi kesempatan kepada
  Perilaku Utama | Key Behavior                                                                          berbagai pihak untuk berkontribusi.
  • Menjaga nama baik sesama                        Perilaku Utama | Key Behavior                      • Terbuka dalam bekerja sama secara
    karyawan, pimpinan, BUMN, dan                   • Cepat, lincah, dan pantang menyerah                sinergis untuk menghasilkan nilai
    Negara.                                           dalam menyesuaikan diri menjadi                    tambah.
  • Rela berkorban untuk mencapai                     lebih baik.                                      • Menggerakkan pemanfaatan berbagai
    tujuan yang lebih besar.                        • Sigap dan terus-menerus melakukan                  sumber daya untuk tujuan bersama.
  • Patuh kepada pimpinan sepanjang                   perbaikan mengikuti perkembangan                 • Give opportunity to everyone to
    tidak bertentangan dengan hukum                   teknologi.                                         contribute.
    dan etika.                                      • Gigih, tangguh, dan bertindak proaktif.          • Open to cooperate synergically to
  • Upholding the reputation of                     • Moving Fast, agile and never give up               gain added-values.
    colleagues, leaders, SOEs, and the                in facing challenges to be better.               • Drive utilization of various resources
    State.                                          • Responsive and continuous                          for a better common goals.
  • Willing to make sacrifices to                     improvement in following the
    achieve a greater goal.                           technology.
  • Obey the leaders as long not                    • Persistent, tough, and proactive.
    violating the law and ethics.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                          109
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Ikhtisar Kinerja Utama            Laporan Manajemen          Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report          Company Profile           Management Discussion and Analysis       Business Support Functions




     Perkuat Komitmen Perempuan sebagai Agen Perubahan, Jasa Marga Selenggarakan Town Hall Meeting “Kartiniʼs Legacy”
     Strengthening Women’s Commitment as Agents of Change, Jasa Marga Hosts the ‘Kartini’s Legacy’ Town Hall Meeting




Sepanjang tahun 2025, PT Jasa Marga (Persero) Tbk                               Throughout 2025, PT Jasa Marga (Persero) Tbk continues
terus melanjutkan fase penguatan budaya untuk Tahap                             to strengthen its culture for the Commitment Stage in
Commitment dalam implementasi Tata Nilai AKHLAK                                 implementing the AKHLAK Values in the Company by
di   Perseroan   dengan   menyelenggarakan  program                             organizing the following programs:
sebagai berikut:

1.     Town Hall Meeting (THM)                                                  1.   Town Hall Meeting (THM)
       THM diselenggarakan sebagai forum para pimpinan                               THM is held as a forum for leaders and Jasa Marga
       dan juga Roadster Jasa Marga untuk saling berdiskusi,                         Roadsters to discuss, share experiences, and gain
       berbagi pengalaman serta mendapatkan insight dari                             insights from external speakers to improve the
       narasumber eksternal untuk meningkatkan penerapan                             implementation of the AKHLAK culture, which can have
       budaya AKHLAK yang dapat berdampak pada prilaku                               an impact on the behavior and performance of the
       dan kinerja unit. Sepanjang tahun 2025, THM telah                             unit. Throughout 2025, THM has been held in 3 (three)
       diselenggarakan sebanyak 3 (tiga) series, di antaranya                        series, including in commemoration of Kartini Day
       yaitu dalam rangka Hari Kartini dengan tema “Kartiniʼs                        with the theme “Kartini’s Legacy: Women’s Steps as
       Legacy: Langkah Perempuan sebagai Change Agents                               Change Agents in the Modern Era” with Retno Marsudi
       di Era Modern” bersama Retno Marsudi (Menteri Luar                            (Indonesian Minister of Foreign Affairs for the 2012-2024
       Negeri RI Periode 2012-2024), dalam rangka Hari                               term), in conjunction with National Customer Day with
       Pelanggan Nasional dengan tema “Leveraging Digital                            the theme “Leveraging Digital Innovation to Amplify
       Innovation to Amplify Customer Experience” bersama                            Customer Experience” with Didiek Hartantyo (President
       Didiek Hartantyo (Direktur Utama PT Kereta Api                                Director of PT Kereta Api Indonesia (Persero) for the
       Indonesia (Persero) Periode 2020-2025) dan dalam                              2020-2025 period) and in conjunction with the launch of
       rangka peluncuran budaya kerja baru JSMR MOVE.                                the new JSMR MOVE work culture.

2. Lomba Jasa Marga Impactful AKHLAK Program (JM                                2. Jasa Marga Impactful AKHLAK Program Competition
   ImAP)                                                                           (JM ImAP)
   JM ImAP dilaksanakan untuk menilai kinerja dan                                  JM ImAP is held to assess the performance and
   efektivitas program budaya AKHLAK di semua unit                                 effectiveness of the AKHLAK culture program in Jasa
   kerja dan anak perusahaan Jasa Marga Grup termasuk                              Marga Group, including regions and operational areas
   wilayah dan area operasional di lingkungan Jasa Marga                           within the Jasa Marga Group. In the 2025 JM ImAP,
   Grup. Pada JM ImAP Tahun 2025, terdapat penambahan                              there is an additional competition category, Obligatory
   satu kategori kompetisi yaitu Obligatory Culture yang                           Culture, which complements the three previous JM ImAP
   melengkapi tiga kategori JM ImAP sebelumnya yaitu                               categories: Motivation Culture, Capability Culture, and
   Motivation Culture, Capability Culture dan Engagement                           Engagement Culture. A total of 75 culture teams across
   Culture. Sebanyak 75 tim budaya di seluruh Jasa Marga                           the Jasa Marga Group participated in the 2025 JM ImAP
   Grup mengikuti program JM ImAP Tahun 2025.                                      program.




110                                                                                   Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 111
06                               07                                   08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan     Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility      Reference of POJK, SEOJK, and ARA Criteria




3. Sharing Session Pengelolaan Budaya Jasa Marga oleh                   3. Sharing Session on Jasa Marga Culture Management by
   Narasumber Internal Perseroan                                           Internal Company Speakers
   Perseroan menggelar program benchmark implementasi                      The Company held an AKHLAK implementation
   AKHLAK pada unit kerja Jasa Marga Grup dengan                           benchmarking program at Jasa Marga Group work
   narasumber tim budaya unit kerja atau anak perusahaan                   units, featuring speakers from the culture teams who
   Jasa Marga Grup yang merupakan pemenang lomba                           were winners of the Impactful AKHLAK Program (ImAP)
   Impactful AKHLAK Program (ImAP). Program sharing                        competition. The sharing session program was held once
   session dilaksanakan sebanyak satu kali dalam JM Talk                   during the JM Talk Sustainability Series for the 1st-place
   Sustainability Series untuk Juara 1 Kategori Obligatory                 winner of the Obligatory Culture category, related to the
   Culture terkait dengan program pengelolaan sampah                       regional synergy-based waste management program.
   berbasis sinergitas kewilayahan.

4. Net Promoter Score (NPS)                                             4. Net Promoter Score (NPS)
   Perseroan melakukan pengukuran NPS yang bertujuan                       The Company conducted an NPS measurement to
   untuk mengetahui efektivitas implementasi Tata Nilai                    determine the effectiveness of the implementation of
   AKHLAK oleh karyawan Jasa Marga Grup. NPS juga                          AKHLAK Values by Jasa Marga Group employees. NPS
   digunakan untuk memberikan wawasan tentang                              is also used to provide insight into how employees
   bagaimana nilai-nilai AKHLAK tersebut diterima,                         and other stakeholders accept, understand, and apply
   dipahami, dan diterapkan oleh karyawan dan pemangku                     these AKHLAK values. This survey was conducted
   kepentingan lainnya. Survei ini telah dilaksakan pada                   from October 10-24, 2025, and the results have been
   periode 10-24 Oktober 2025 yang hasilnya telah                          submitted to the Work Units and to the Jasa Marga
   disampaikan kepada unit kerja dan anak perusahaan                       Group Subsidiaries for follow-up.
   Jasa Marga Grup untuk ditindaklanjuti.

5. BOD Message                                                          5. BOD Message
   Untuk memperkuat hubungan antara manajemen dengan                       To strengthen the relationship between management
   karyawan, Perseroan secara berkala menyusun BOD                         and employees, the Company regularly compiles BOD
   Message untuk mengkomunikasikan dan memberikan                          Messages to communicate and foster understanding of
   pemahaman terkait visi, misi & isu strategis Perseroan,                 the Company’s vision, mission, and strategic issues, and
   memotivasi serta mendorong semangat kerja karyawan                      to motivate and encourage employee morale, building
   dalam membangun kepercayaan dan memperkuat                              trust and strengthening the Company’s culture. There
   budaya Perseroan. Jumlah BOD Message sepanjang                          were 12 (twelve) BOD Messages in 2025.
   tahun 2025 adalah sebanyak 12 (dua belas) kali.


Budaya Kerja                                                            Work Culture
Untuk mendukung Tata Nilai AKHLAK di lingkungan Jasa                    To support the AKHLAK values within the Jasa Marga Group,
Marga Grup, Jasa Marga meluncurkan budaya kerja yang                    Jasa Marga has launched a work culture known as JSMR
dikenal dengan JSMR MOVE (Modern, Optimistic, Valuable,                 MOVE (Modern, Optimistic, Valuable, Excellent). JSMR
Excellent). JSMR MOVE hadir sebagai bentuk budaya kerja                 MOVE is a work culture embodied in the characteristics of
yang diwujudkan dalam bentuk karakteristik Roadster Jasa                Jasa Marga Roadster, which are relevant to the strategic
Marga yang relevan dengan arah strategis dan menjawab                   direction and respond to future business challenges. With
tantangan bisnis di masa depan. Dengan JSMR MOVE,                       JSMR MOVE, Jasa Marga Roadsters not only work, but also
Roadster Jasa Marga tidak hanya bekerja, namun juga                     move with meaning.
bergerak dengan makna.

                                                  Tata Nilai Utama Budaya Kerja Perusahaan
                                                  Core Values of the Company’s Work Culture




                       Modern                         Optimistic                      Valuable                     Excellent




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                               111
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Ikhtisar Kinerja Utama                Laporan Manajemen              Profil Perusahaan               Analisa dan Pembahasan Manajemen             Fungsi Penunjang Bisnis
Main Performace Highlights            Management Report              Company Profile                 Management Discussion and Analysis           Business Support Functions




Inisiatif ini merupakan langkah strategis Perseroan untuk                                This initiative is a strategic step by the Company to transform
mentransformasi budaya kerja dan juga layanan dari                                       its work culture and services from an infrastructure-focused
pendekatan yang berfokus pada infrastruktur menjadi                                      approach to an infraculture that prioritises customer
sebuah infraculture yaitu Budaya yang memperioritaskan                                   satisfaction, human capital capability enhancement, and
kepuasan pelanggan, peningkatan kapabilitas human capital,                               operational optimisation as its main priorities.
dan optimalisasi operasional sebagai prioritas utama.

Salah satu wujud nyata dari transformasi pelayanan tersebut                              One tangible manifestation of this service transformation is the
adalah penguatan praktik Salam Roadster Melayani, yakni                                  strengthening of the Salam Roadster Melayani (Salam Roadster
Salam, Senyum, Sapa yang diharapkan menjadi standar                                      Serving) practice, namely Salam, Senyum, Sapa (Greetings,
interaksi setiap titik layanan kepada pengguna jalan tol.                                Smiles, Greetings), which is expected to become the standard
                                                                                         of interaction at every service point for toll road users.

Implementasi JSMR MOVE akan menitikberatkan pada                                         The implementation of JSMR MOVE will focus on developing
pengembangan kompetensi Roadster melalui program                                         Roadster competencies through structured learning
pembelajaran terstruktur, peningkatan literasi digital, serta                            programmes, improving digital literacy, and standardising
standarisasi praktik layanan di seluruh titik operasional.                               service practices at all operational points. These steps are
Langkah-langkah ini dirancang untuk mempercepat                                          designed to accelerate decision-making, align organisational
pengambilan keputusan, menyelaraskan perilaku organisasi                                 behaviour with strategic objectives, and create a consistent
dengan tujuan strategis, dan menciptakan pengalaman                                      and value-added customer experience. The transformation
pelanggan yang konsisten serta bernilai tambah.                                          from ‘infrastructure as a structure’ to ‘infrastructure as a
Transformasi dari “infra as a structure” menjadi “infra as a                             culture’ is a framework that guides human investment and
culture” menjadi kerangka kerja yang mengarahkan investasi                               processes in line with modern technological capabilities and
manusia dan proses sejalan dengan kapabilitas teknologi                                  governance.
dan tata kelola yang modern.

JSMR MOVE hadir sebagai simbol komitmen Perusahaan                                       JSMR MOVE symbolises the company's commitment to
mendorong mindset baru di seluruh Roadster Jasa Marga                                    fostering a new mindset across the Jasa Marga Group
Grup dalam memperkuat operational excellence, menjaga                                    in strengthening operational excellence, maintaining the
relevansi Perseroan di tengah percepatan transformasi                                    company's relevance amid the accelerating transformation
sektor transportasi, membangun infrastruktur jalan tol                                   of the transportation sector, building toll road infrastructure
yang meningkatkan konektivitas negeri, dan menjaga                                       that enhances national connectivity, and upholding public
kepercayaan publik sebagai wujud tanggung jawab                                          trust as a manifestation of the company's responsibility
Perseroan terhadap pembangunan nasional.                                                 towards national development.




                                                                      Karakteristik Karyawan
        Simbol           Nilai Utama              Definsi
                                                                            Employee                               Doʼs                             Donʼts
        Symbol           Core Values             Definition
                                                                         Characteristics


                                                                                                      Inovatif (Menciptakan terobosan    Lamban (Lamban merespons
                                                                                                      dan menggunakan teknologi          dan memperlambat alur kerja)
                                                                                                      untuk memperbarui proses           Slow (Slow to respond and
                                                                                                      kerja)                             slows down workflow)
                                                                      a.   Terbuka pada
                                                                                                      Innovative (Creating
                                                                           perubahan;
                                           Sikap terbuka                                              breakthroughs and using
                                                                      b.   Cepat belajar
                                           terhadap                                                   technology to update work
                                                                           teknologi baru; dan
                                           perkembangan                                               processes)
                                                                      c.   Proaktif
                                           zaman, teknologi, dan
                                                                           memanfaatkan               Gerak Cepat (Bergerak cepat,       Enggan Berubah (Menutup
                                           cara kerja baru yang
                                                                           inovasi digital.           responsif, dan lincah dalam        diri terhadap pembaruan dan
                                           efisian dan relevan.
                             Modern                                   a.   Openness to                menuntaskan pekerjaan)             inovasi)
                                           An open attitude
                                                                           change;                    Quick Movement (Move quickly,      Reluctant to Change (Closing
                                           toward evolving
                                                                      b.   Rapid adoption of          be responsive, and agile in        oneself off to renewal and
                                           times, technology,
                                                                           new technologies;          completing tasks)                  innovation)
                                           and new ways of
                                                                           and
                                           working that are                                           Terus Belajar (Meningkatkan        Malas (Enggan berusaha dan
                                                                      c.   Proactive
                                           efficient and relevant.                                    kemampuan dan wawasan              bekerja untuk memberikan
                                                                           utilization of digital
                                                                                                      untuk beradaptasi dengan           yang terbaik)
                                                                           innovations.
                                                                                                      perkembangan baru)                 Lazy (Unwilling to try and
                                                                                                      Keep learning (Improve your        work to give one's best)
                                                                                                      skills and knowledge to adapt to
                                                                                                      new developments)




112                                                                                                 Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 113
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Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan             Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility              Reference of POJK, SEOJK, and ARA Criteria




                                                                Karakteristik Karyawan
      Simbol         Nilai Utama            Definsi
                                                                      Employee                             Doʼs                               Donʼts
      Symbol         Core Values           Definition
                                                                   Characteristics


                                                                                            Antusias (Membawa energi              Pesimis (Berfokus pada
                                                                a.   Semangat tinggi;
                                                                                            positif yang menguatkan kerja         hambatan sehingga
                                                                b.   Resiliensi;
                                                                                            sama tim)                             melemahkan semangat tim)
                                                                c.   Melihat kegagalan
                                                                                            Enthusiastic (Bringing positive       Pessimistic (Focusing on
                                     Sikap positif dalam             sebagai
                                                                                            energy that strengthens               obstacles, thereby weakening
                                     memandang                       pembelajaran; dan
                                                                                            teamwork)                             team spirit)
                                     tantangan dan              d.   Menjaga suasana
                                     perubahan, dengan               kerja yang             Tangguh (Tangguh menghadapi           Skeptis (Meragukan ide baru
                                     keyakinan terhadap              konstruktif.           tantangan dan mampu bangkit           tanpa penilaian objektif)
                                     hasil yang lebih baik.     a.   High levels of         dari tekanan)                         Sceptical (Doubting new
                      Optimistic
                                     A positive attitude in          enthusiasm and         Resilient (Resilient in the face of   ideas without objective
                                     viewing challenges              drive;                 challenges and able to bounce         assessment)
                                     and change, with           b.   Resilience;            back from pressure)
                                     confidence in              c.   Viewing failures
                                                                                            Percaya Diri (Meyakini                Mudah Menyerah (Berhenti
                                     achieving better                as learning
                                                                                            langkah dan keputusan untuk           sebelum alternatif solusi
                                     outcomes.                       opportunities; and
                                                                                            memperkuat eksekusi)                  dieksplorasi)
                                                                d.   Maintaining a
                                                                                            Self-confidence (Believing in         Giving up easily (stopping
                                                                     constructive work
                                                                                            your actions and decisions to         before alternative solutions are
                                                                     environment.
                                                                                            strengthen execution)                 explored)


                                                                a.   Berpikir tentang       Bermanfaat (Menghasilkan              Pasif (Menunggu instruksi
                                                                     nilai dan dampak       output yang memberi nilai             dan tidak berinisiatif)
                                                                     tindakan;              nyata dan manfaat yang                Passive (Waiting for
                                                                b.   Proaktif mengubah      berkelanjutan)                        instructions and not taking
                                                                     ide menjadi            Beneficial (Produces outputs          initiative)
                                                                     kontribusi bernilai;   that provide real value and
                                                                     dan                    sustainable benefits)
                                     Kemampuan
                                                                c.   Menginspirasi tim
                                     menciptakan nilai                                      Kontributif (Berperan aktif dalam     Egois (Mementingkan diri
                                                                     untuk berkolaborasi
                                     berkelanjutan dari                                     mendukung pencapaian tim dan          sendiri dan mengabaikan
                                                                     menciptakan hasil
                                     setiap peluang dan                                     proses)                               kerja sama)
                                                                     berkelanjutan.
                                     keputusan strategis.                                   Contributive (Actively                Selfish (Putting oneself
                      Valuable                                  a.   Analytical thinking
                                     The ability to                                         involved in supporting team           first and disregarding
                                                                     regarding the value
                                     create sustainable                                     achievements and processes)           cooperation)
                                                                     and impact of
                                     value from every
                                                                     actions;               Solutif (Menghadirkan solusi          Sia-Sia (Menghasilkan
                                     opportunity and
                                                                b.   Proactively            kreatif yang meningkatkan             pekerjaan yang minim
                                     strategic decision.
                                                                     transforming           kualitas dan efisiensi)               dampak dan tidak relevan)
                                                                     ideas into valuable    Solution (Providing creative          Pointless (producing work
                                                                     contributions; and     solutions that improve quality        that has minimal impact and
                                                                c.   Inspiring teams        and efficiency)                       is irrelevant)
                                                                     to collaborate in
                                                                     creating sustainable
                                                                     outcomes.


                                                                                            Berstandar Tinggi                     Ceroboh (Ceroboh dan
                                                                a.   Teliti;
                                                                                            (Menghasilkan kinerja sesuai          mengabaikan prosedur)
                                                                b.   Bertanggung jawab;
                                                                                            standar tinggi dan konsisten)         Careless (Careless and
                                                                c.   Berorientasi hasil
                                                                                            High Standard (Delivering high        disregarding procedures)
                                                                     terbaik; dan
                                                                                            and consistent performance)
                                     Komitmen terhadap          d.   Melayani dengan
                                     standar tertinggi               sepenuh hati.          Peduli (Melayani dengan empati        Asal-asalan (Menghasilkan
                                     dalam layanan,             a.   Meticulous             dan perhatian)                        pekerjaan yang di bawah
                                     kinerja, dan integritas.        attention to detail;   Caring (Serving with empathy          standar)
                      Excellent
                                     Commitment to the          b.   Accountability and     and attention)                        Careless (Producing
                                     highest standards of            responsibility;                                              substandard work)
                                     service, performance,      c.   Result-oriented
                                                                                            Cermat (Menjaga ketelitian            Apatis (Mengabaikan
                                     and integrity.                  toward achieving
                                                                                            untuk memastikan kualitas dan         kebutuhan pemangku
                                                                     excellence; and
                                                                                            keandalan proses)                     kepentingan)
                                                                d.   Delivering service
                                                                                            Diligence (Maintaining precision      Apathetic (Ignoring
                                                                     with full dedication
                                                                                            to ensure the quality and             stakeholder needs)
                                                                     and heart.
                                                                                            reliability of the process)




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                                                113
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Ikhtisar Kinerja Utama       Laporan Manajemen     Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report     Company Profile          Management Discussion and Analysis       Business Support Functions




Bidang Usaha
Line of Business

Maksud dan Tujuan Kegiatan Usaha                                      Purpose and Objectives of Business
Menurut Anggaran Dasar Terakhir                                       Activities Under the Latest Articles of
                                                                      Association
Berdasarkan anggaran Dasar Perusahaan Perseroan                       Based on the Articles of Association of PT Jasa Marga
(Persero) PT Jasa Marga (Persero) Tbk sebagaimana                     (Persero) Tbk as stipulated in the Notarial Deed of
tertuang dalam Akta Notaris Ir. Nanette Cahyanie Handari              Ir. Nanette Cahyanie Handari Adi Warsito, S.H., Deed
Adi Warsito, SH akta No. 04 tanggal 09 Januari 2026, berikut          No. 04 dated 9 January 2026, along with the Receipt of
Surat Penerimaan Pemberitahuan dari Direktorat Jenderal               Notification from the Directorate General of General Legal
Administrasi Hukum Umum Kementerian Hukum Republik                    Administration of the Ministry of Law of the Republic of
Indonesia No. AHUAH.01.03-0013716 tanggal 19 Januari                  Indonesia No. AHU-AH.01.03-0013716 dated 19 January
2026 dan telah didaftar dalam Daftar Perseroan No. AHU-               2026, and as registered in the Company Register No. AHU-
0007721.AH.01.11.Tahun 2026 tanggal 19 Januari 2026;                  0007721.AH.01.11.Year 2026 dated 19 January 2026; the
maksud dan tujuan Perseroan ialah turut serta melaksanakan            purpose and objective of the Company are to participate
dan menunjang kebijakan dan program Pemerintah di bidang              in and support Government policies and programs in the
ekonomi dan pembangunan nasional pada umumnya,                        field of the economy and national development in general,
khususnya pembangunan di bidang Pengusahaan Jalan                     particularly in the development of toll road operations and
Tol dengan sarana penunjangnya dengan menerapkan                      their supporting facilities, by applying the principles of a
prinsip-prinsip perseroan terbatas.                                   limited liability company.

Sedangkan berdasarkan Pasal 3 ayat (2) dan Pasal 3 ayat               Meanwhile, based on Article 3 paragraph (2) and Article
(3) menyatakan bahwa kegiatan usaha dan kegiatan usaha                3 paragraph (3), the Company’s business activities and
penunjang Perseroan adalah sebagai berikut:                           supporting business activities are as follows:
1. Kegiatan Usaha Utama Perseroan, meliputi:                          1. The Company’s Main Business Activities include:
    a. Melakukan perencanaan teknis, pelaksanaan                         a. Conducting technical planning, construction,
        konstruksi, pengoperasian dan/atau preservasi jalan                  operation, and/or preservation of toll roads.
        tol.
    b. Mengusahakan lahan di ruang milik jalan tol                       b. Developing land within the toll road right-of-way
        (rumijatol) dan lahan yang berbatasan dengan                        (rumijatol) and land adjacent to the rumijatol for rest
        rumijatol untuk tempat istirahat dan pelayanan,                     areas and services, along with facilities and other
        berikut dengan fasilitas-fasilitas dan usaha lainnya.               businesses.
    c. Melakukan kegiatan pengembangan kawasan yang                      c. Conducting integrated area development activities
        terintegrasi dengan pengembangan jaringan jalan                     with toll road network development.
        tol.
    d. Melakukan kegiatan di bidang jasa layanan preservasi              d. Providing services in the field of toll road preservation
        dan pengoperasian jalan tol.                                          and operation.
    e. Aktivitas jalan tol, mencakup pelayanan lalu lintas               e. Toll road activities, including vehicle traffic services
        kendaraan melalui jalan atau jembatan tol.                            through toll roads or bridges.
    f. Melakukan investasi termasuk penyertaan modal                     f. Making investments, including capital participation
        pada perusahaan lainnya sejalan dengan dan untuk                      in other companies, in line with and to achieve the
        mencapai maksud dan tujuan Perseroan.                                 Company’s objectives and goals.
2. Kegiatan Usaha Penunjang, meliputi:                                2. Supporting Business Activities, including:
    Bidang pengembangan jasa untuk usaha-usaha yang                      Service development for businesses related to modes/
    terkait   dengan    moda-moda/sarana         transportasi,           means of transportation, distribution of liquid/solid/gas
    pendistribusian material cair/padat/gas, jaringan sarana             materials, information, technology, and communication
    informasi, teknologi dan komunikasi, terkait dengan                  networks, related to toll road corridors, with due regard
    koridor jalan tol dengan memperhatikan Peraturan                     to laws and regulations.
    Perundang-undangan.


Kegiatan Usaha yang Dijalankan pada                                   Business Activities in the Fiscal Year
Tahun Buku
Pada tahun buku 2025, Jasa Marga telah menjalankan                    In the 2025 fiscal year, Jasa Marga has carried out all of the
seluruh kegiatan usaha utama yang tercantum pada pasal 3              main business activities listed in Article 3 paragraph (2) of
ayat (2) Anggaran Dasar Perseroan.                                    the Company’s Articles of Association.




114                                                                        Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 115
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Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




Model Operasi                                                                    Business Model
Dalam rangka mendukung tercapainya target Perseroan                              To support the achievement of the Company’s targets in
pada tahun-tahun berikutnya serta menjaga keberlanjutan                          the coming years and maintain business sustainability
bisnis sebagaimana tertuang dalam Rencana Jangka                                 as outlined in the 2025-2029 Long-Term Business Plan
Panjang Perusahaan (RJPP) tahun 2025-2029, Perseroan                             (RJPP), the Company has developed a business model
mengembangkan model bisnis yang terdiri dari tiga lini bisnis                    consisting of three business lines, namely: (i) the toll road
yakni: (i) lini bisnis konsesi jalan tol; (ii) lini bisnis pendukung             concession business line; (ii) toll road operations support
operasi jalan tol yang mencakup bisnis pengoperasian                             business line, which includes toll road operations and toll
jalan tol serta bisnis preservasi jalan tol; dan (iii) lini bisnis               road preservation; and (iii) prospective business line, which
prospektif yang mencakup pengembangan properti/                                  includes property development/Toll Corridor Development
Toll Corridor Development (TCD), Tempat Istirahat dan                            (TCD), Rest and Service Areas (TIP), advertising and utilities,
Pelayanan (TIP), iklan dan utilitas, building management,                        building management, and commercial businesses.
serta bisnis komersil.

                                              Bagan Lini Bisnis, Peran, dan Ruang Lingkup Pekerjaan
                                                  Chart of Business Lines, Roles, and Work Scope



                Lini Bisnis                                                 Peran                                            Ruang Lingkup
             Line of Business                                                Role                                               Scope


                                          A
                     Konsesi Jalan Tol
                     Toll Road Consession

                                                          1
                                                                                                                      Vision & Mission Strategic
                                                                        Asset Owner
                                                                                                                             Leadership




                                          B
                                                          2
                    Pendukung Operasi                                                                             Planning, Managing, Monitoring,
                                                                       Asset Manager
                        Jalan Tol                                                                                      Reviewing, Evaluating
                     Supporting Toll Road
                         Operations


                                                                                                                              Asset Operator
                                                                                                                  (Lalu Lintas, Transaksi/Traffic, Transaction)

                                          C               3
                                                                                                                             Asset Maintainer
                            Prospektif                                 Service Provider
                                                                                                                            (Preservasi/Preservation)
                            Prospective

                                                                                                                              Asset Optimizer
                                                                                                                   (Pengembangan TCD/TCD Development)




     Bisnis Konsesi Jalan Tol masih menjadi bisnis utama PT Jasa Marga (Persero) Tbk berdasarkan Visi dan Misi Perseroan
      The Toll Road Consession is still the main business of PT Jasa Marga (Persero) Tbk based on the Company’s Vision and Mission



Perseroan berupaya mendesain organisasi yang dinamis                             The Company strives to design a dynamic, flexible
dan fleksibel menyesuaikan dengan arah perkembangan                              organization that adapts to the direction of its development
Perseroan serta beradaptasi dengan perubahan. Perseroan                          and changes. The Company has divided roles and
telah membagi peran dan tanggung jawab menjadi 3                                 responsibilities into 3 (three) areas: asset owner, asset
(tiga), yaitu asset owner, asset manager dan service                             manager, and service provider. The role of asset owner is
provider. Peran sebagai asset owner berada pada level                            at the central or corporate level, where the scope of work
pusat atau korporat di mana ruang lingkup pekerjaannya                           includes developing Vision and Mission, strategic functions,




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Ikhtisar Kinerja Utama            Laporan Manajemen           Profil Perusahaan           Analisa dan Pembahasan Manajemen           Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report           Company Profile             Management Discussion and Analysis         Business Support Functions




mencakup pengembangan Visi dan Misi, fungsi strategis                            and leadership. Furthermore, the role of asset manager
dan kepemimpinan. Selanjutnya, peran sebagai asset                               spans the Regional, Representative Office, and Subsidiary
manager berada pada level Regional, Representative Office,                       Entity levels, which include planning, management,
dan Entitas Anak dengan ruang lingkup pekerjaan meliputi                         monitoring, review, and evaluation. Meanwhile, the role
perencanaan, pengelolaan, pemantauan, peninjauan, dan                            of service provider has a scope as a toll road business
evaluasi. Sementara peran service provider memiliki ruang                        supporter, divided into 3 (three) parts: asset operator
lingkup sebagai pendukung bisnis jalan tol yang terbagi                          (traffic and transactions), asset maintainer (preservation),
menjadi 3 (tiga) bagian, yaitu asset operator (lalu lintas                       and asset optimizer (TCD development).
dan transaksi), asset maintainer (preservasi), dan asset
optimizer (pengembangan TCD).



                                  Bagan High Level Pembagian Peran dan Tanggung Jawab Jasa Marga Grup
                             High-Level Diagram of Role and Responsibility Distribution within the Jasa Marga Group

1
                                         1. Pendanaan/Funding                                           6. Corporate Strategy
               Concession &
                                         2. Manajemen Portofolio/Portfolio Management                   7. Investasi/Investment
               Asset Owner
                                         3. Manajemen Kinerja/Performance Management                    8. Merger & Akuisisi/Mergers & Acquisitions
                                         4. Human Resource (HR) Management                              9. SOP/Standard Operating Procedure
           Korporat/Corporate
                                         5. Stakeholder Management                                      10. Sinergi/Synergy




2
      Asset Manager                                                                            Subsidiary
                                                            Regions
                                                                                               Subholding                             APJT
      1. Planning
                                                                                                                                    Toll Road
      2. Controlling                                                                                                               Subsidiaries
      3. Stakeholder Management                          Representative                        Representative
      4. Project Management                                  Office                                Office




3
                                        Asset Operator                                               Asset Maintainer               Asset Optimizer


                                                                                                                                  Pengembangan TCD/
         Layanan Lalu Lintas          Layanan Transaksi          Teknologi Transaksi               Layanan Lalu Lintas                Usaha Lain
           Traffic Services          Transaction Services       Transaction Technology               Traffic Services              TCD/Other Business
                                                                                                                                     Development

      • Teknologi Layanan Lalu    • Pelaksanaan Layanan        • Teknologi Transaksi            • Pemeliharaan,               •   Perencanaan
        Lintas                      Transaksi                  • Clearing House                   Preventif, Rutin,           •   Kemitraan
      • Pemeliharaan Peralatan    • Pemeliharaan Peralatan                                        Periodik, Rekonstruksi,     •   Pendanaan
        Operasi                     Transaksi                  • Transaction Technology           Peningkatan Kapasitas       •   Contract Management
      • Derek                     • Pengumpulan Tol            • Clearing House                 • Teknologi Preservasi
      • Ambulans                                                                                • Manajemen Vendor            •   Planning
      • Traffic Management        • Transaction Service                                         • Kontrak Manajemen           •   Partnership
        Center                      Implements                                                  • Program Preservasi          •   Funding
                                  • Transaction Equipment                                       • Disaster Recovery           •   Contract Management
      • Traffic Service             Maintenance
        Technology                • Toll Collections                                            • Maintenance,
      • Operating Equipment                                                                       Preventive,
        Maintenance                                                                               Routine, Periodic,
      • Crane                                                                                     Reconstructive,
      • Ambulance                                                                                 Capacity Increase
      • Traffic Management                                                                      • Preservation
        Center                                                                                    Technology
                                                                                                • Vendor Management
                                                                                                • Contract Management
                                                                                                • Preservation Program
                                                                                                • Disaster Recovery




116                                                                                    Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Produk dan Jasa yang Dihasilkan (Model Bisnis)
Products and Services Offered (Business Model)

Produk dan Jasa yang ditawarkan Jasa Marga dibagi dalam                  The products and services offered by Jasa Marga are
3 (tiga) bidang utama, yakni:                                            divided into 3 (three) main areas, namely:


Bisnis Konsesi Jalan Tol                                                 Toll Road Concession Business
Dalam rangka mewujudkan tujuan Perseroan untuk                           To achieve the Company’s goal of becoming the largest,
menjadi perusahaan jalan tol nasional terbesar, terpercaya,              most trusted, and most sustainable national toll road
dan berkesinambungan, Jasa Marga berupaya untuk                          company, Jasa Marga strives to maintain its market share
mempertahankan pangsa pasar jalan tol di Indonesia.                      in Indonesia’s toll road sector. The Company manages the
Perseroan mengelola penambahan kepemilikan hak                           addition of toll road operating rights through its Subsidiaries
pengusahaan jalan tol melalui Entitas Anak dalam bentuk                  in the form of Toll Road Business Entities (BUJT). Each
Badan Usaha Jalan Tol (BUJT). Masing-masing Entitas                      Subsidiary, in the form of a BUJT, is established to carry out
Anak dalam bentuk BUJT didirikan untuk melaksanakan                      toll road operations, including financing, technical planning,
pengusahaan jalan tol, yang meliputi pendanaan,                          construction, toll road operations and preservation, as well
perencanaan teknik, pelaksanaan konstruksi, pengoperasian                as other businesses, in accordance with applicable laws and
dan preservasi jalan tol, serta usaha-usaha lainnya sesuai               regulations.
dengan ketentuan-ketentuan dan peraturan perundang-
undangan yang berlaku.

Sampai dengan 31 Desember 2025, Perseroan memiliki hak                   Until December 31, 2025, the Company has concession
konsesi untuk 36 ruas jalan tol sepanjang 1.736 km melalui               rights for 36 toll road sections spanning 1,736 km through
proses tender, akuisisi, dan pemrakarsa. Pengoperasian atas              tenders, acquisitions, and initiatives. The operation of
konsesi jalan tol tersebut terbagi ke dalam 2 (dua) Regional             these toll road concessions is divided into two (2) regions
dan melalui Entitas Anak dari subholding PT Jasamarga                    and through subsidiaries of the subholding company
Transjawa Tol (JTT). Hingga akhir tahun 2025, sepanjang                  PT Jasamarga Transjawa Tol (JTT). By the end of 2025,
1.294 km jalan tol dari total panjang konsesi yang dimiliki              1,294 km of toll roads from the total length of concessions
Perseroan telah beroperasi secara efektif.                               owned by the Company will be effectively operational.

Tabel Ruas Jalan Tol Jasa Marga Periode 1978-2025
Table of Jasa Marga’s Toll Roads in 1978-2025 Period

                                                                                                         Tahun Mulai Operasi Perusahaan
                                  Konsesi                                   Panjang (Km)                             (Induk)
 No.
                                 Concession                                  Length (Km)                    Year of Commencement of
                                                                                                           Operations (Parent Company)
  1.    Jakarta-Bogor-Ciawi (Jagorawi)                                            59,0                                  1978

  2.    Jakarta-Tangerang                                                         33,0                                  1984

  3.    Prof. Dr. Ir. Sedyatmo                                                    14,3                                  1984

  4.    Cawang-Tomang-Pluit                                                       23,6                                  1987

  5.    Padalarang-Cileunyi (Padaleunyi)                                          64,4                                  1990

  6.    Cikampek-Padalarang (Cipularang)                                          58,5                                  2003

  7.    Belawan-Medan-Tanjung Morawa (Belmera)                                    42,7                                  1986

  8.    Jakarta Outer Ring Road (JORR) Seksi E1, E2, E3, W2S                      28,3                                  1991

  9.    Ulujami-Pondok Aren                                                        5,6                                  2001

  10.   JORR W2 Utara                                                              7,9                                  2014

                                                                                                         Beroperasi sebagian sejak tahun 2009
  11.   Bogor Outer Ring Road (BORR)                                              11,3
                                                                                                             Partially operated since 2009

  12.   Cengkareng-Batuceper-Kunciran                                             14,2                                  2021

  13.   Kunciran-Serpong                                                           11,1                                 2019

  14.   Semarang-Solo                                                             72,6                                  2011

  15.   Surabaya-Mojokerto                                                        36,3                                  2011

  16.   Gempol-Pasuruan                                                           34,2                                  2017

  17.   Gempol-Pandaan                                                            13,6                                  2015




PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                      117
Page 118
01                              02                     03                      04                                       05
Ikhtisar Kinerja Utama          Laporan Manajemen      Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report      Company Profile          Management Discussion and Analysis       Business Support Functions




Tabel Ruas Jalan Tol Jasa Marga Periode 1978-2025
Table of Jasa Marga’s Toll Roads in 1978-2025 Period

                                                                                                       Tahun Mulai Operasi Perusahaan
                               Konsesi                                      Panjang (Km)                           (Induk)
 No.
                              Concession                                     Length (Km)                  Year of Commencement of
                                                                                                         Operations (Parent Company)
  18.    Nusa Dua-Ngurah Rai-Benoa                                               9,7                                   2013

  19.    Medan- Kualanamu-Tebing Tinggi                                          61,7                                  2017

  20.    Solo-Ngawi                                                              91,1                                  2018

                                                                                                       Beroperasi sebagian sejak tahun 2018
  21.    Ngawi-Kertosono-Kediri                                                  108
                                                                                                           Partially operated since 2018

  22.    Cinere-Serpong                                                          10,1                                  2021

  23.    Jakarta-Cikampek (Japek)                                                72,5                                  1988

  24.    Semarang A,B,C                                                          25,5                                  1983

  25.    Surabaya-Gempol (Surgem)                                                44,4                                  1986

  26.    Palimanan-Kanci (Palikanci)                                             28,8                                  1998

  27.    Batang-Semarang                                                         75,0                                  2018

  28.    Balikpapan-Samarinda                                                    97,3                                  2019

  29.    Manado-Bitung                                                           39,9                                  2020

  30.    Pandaan-Malang                                                          38,5                                  2019

  31.    Jalan Layang Sheikh Mohammed Bin Zayed (MBZ)                            36,4                                  2019

                                                                                                              Tahap pembebasan lahan
                                                                                                                   dan konstruksi
  32.    Probolinggo-Banyuwangi                                                 175,4
                                                                                                                Land acquisition and
                                                                                                                 construction phase

                                                                                                              Tahap pembebasan lahan
                                                                                                                   dan konstruksi
  33.    Jakarta-Cikampek II Selatan                                             64,0
                                                                                                                Land acquisition and
                                                                                                                 construction phase

                                                                                                              Tahap pembebasan lahan
                                                                                                                   dan konstruksi
  34.    Yogyakarta-Bawen                                                        75,1
                                                                                                                Land acquisition and
                                                                                                                 construction phase

                                                                                                       Beroperasi sebagian sejak tahun 2024
  35.    Solo-Yogyakarta-NYIA Kuloprogo                                          96,6
                                                                                                           Partially operated since 2024

                                                                                                              Tahap pembebasan lahan
  36.    Akses Patimban                                                          37,1
                                                                                                               Land acquisition phase




Bisnis Pengoperasian Jalan Tol                                            Toll Road Operation Business
Perseroan menjalankan bisnis pengoperasian jalan tol                      The Company operates toll road businesses through its
melalui Entitas Anak, yaitu PT Jasamarga Tollroad Operator                Subsidiary, PT Jasamarga Tollroad Operator (JMTO). The
(JMTO). Layanan yang diberikan Perseroan antara lain                      Company’s services include transaction services, and traffic
layanan transaksi, dan layanan lalu lintas. Layanan transaksi             services. Transaction services refer to the availability and
berhubungan dengan ketersediaan maupun kecepatan                          speed of equipment and systems at toll gates for each
alat dan sistem di gerbang tol untuk memproses transaksi                  toll road user to process transactions. Traffic services are
yang dilakukan oleh setiap pengguna jalan tol. Layanan                    a series of activities that include planning, procurement,
lalu lintas adalah serangkaian upaya kegiatan yang meliputi               installation, regulation, and maintenance of road facilities
perencanaan, pengadaan, pemasangan, pengaturan, dan                       to ensure, support, and maintain security, safety, order, and
pemeliharaan fasilitas perlengkapan jalan dalam rangka                    smooth traffic, especially on toll roads. In addition to toll
mewujudkan, mendukung, dan memelihara keamanan,                           road operations, PT JMTO provides information technology
keselamatan, ketertiban, dan kelancaran lalu lintas                       and Electronic Toll Collection (ETC) services to support toll
khususnya di jalan tol. Selain layanan pengoperasian jalan                road operations.
tol, PT JMTO juga menyediakan layanan teknologi informasi
dan layanan Electronic Toll Collection (ETC) sebagai
pendukung operasional jalan tol.




118                                                                           Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 119
06                                07                                   08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan     Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility      Reference of POJK, SEOJK, and ARA Criteria




Keseluruhan layanan pengoperasian jalan tol yang                         All toll road operations services provided by PT JMTO are
disediakan oleh PT JMTO adalah layanan dengan berbasis                   based on continuously developed and improved information
pada teknologi informasi yang terus-menerus dikembangkan                 technology to meet the needs of road users. Some of these
dan ditingkatkan untuk memenuhi kebutuhan pengguna                       services include the development of the Travoy Journey
jalan. Beberapa di antaranya adalah pengembangan                         feature, which serves as a navigation companion for toll
fitur unggulan Travoy Journey sebagai sahabat navigasi                   road users, allowing them to easily obtain travel route
perjalanan bagi pengguna jalan tol untuk dengan mudah                    recommendations, toll rates, rest area information, and
mendapatkan rekomendasi rute perjalanan, kebutuhan biaya                 other details, as well as conveniently obtain digital payment
tarif tol, informasi rest area dan lainnya serta kemudahan               receipts through the digital receipt feature on the Travoy
mendapatkan struk bukti transaksi pembayaran secara                      app.
digital melalui fitur resi digital pada Aplikasi Travoy.

Layanan pengoperasian jalan tol juga didukung pada                       Toll road operations services are also supported by
pengelolaan informasi yang dilakukan di Jasa Marga                       information management at the Jasa Marga Tollroad
Tollroad Command Center yang dikelola oleh PT JMTO.                      Command Center, managed by PT JMTO. JMTC manages
JMTC mengelola informasi dan juga sebagai pusat one call                 information and serves as the 133 one-call center, the main
center 133 yang menjadi kanal utama pengguna jalan dalam                 channel for road users to obtain information and assistance.
mendapatkan informasi dan bantuan.

Tabel Produk Layanan Pengoperasian Jalan Tol, Electronic Toll Collection, dan Teknologi Informasi PT JMTO Tahun 2025
Table of Toll Road Operation Services, Electronic Toll Collection, and Information Technology Products of PT JMTO in 2025


                                                                                                       Layanan
                                                                                                       Services
                                   Ruas                               Pengoperasian                                   Teknologi
 No.
                                 Toll Road                               Jalan Tol                 Electronic Toll    Informasi
                                                                         Toll Road                   Collection      Information
                                                                        Operations                                   Technology
 Perusahaan (Induk)
 The Company (Parent)

  1.    Jagorawi (Jakarta – Bogor – Ciawi)

        Ruas JORR seksi E
  2.
        JORR section E Toll Road

  3.    Ulujami - Pondok Aren

        Ruas Dalam Kota
  4.
        Inner City Toll Road
        Ruas Sedyatmo
  5.
        Sedyatmo Toll Road
        Ruas Jakarta – Tangerang
  6.
        Jakarta – Tangerang Toll Road
        Ruas Cikampek – Padalarang
  7.
        Cikampek – Padalarang Toll Road
        Ruas Padalarang – Cileunyi
  8.
        Padalarang – Cileunyi Toll Road
        Ruas Belawan – Medan – Tanjung Morawa
  9.
        Belawan – Medan – Tanjung Morawa Toll Road
 Entitas Anak, Ventura Bersama serta Entitas Anak dan Ventura Bersama dari PT JTT
 Subsidiaries and Joint Venture Entities, as well as Subsidiaries and Joint Venture Entities under PT JTT
        Ruas Jakarta – Cikampek
  1.
        Jakarta – Cikampek Toll Road
        Ruas Surabaya – Gempol
  2.
        Surabaya – Gempol Toll Road
        Ruas Semarang A, B, C
  3.
        Semarang A, B, C Toll Road
        Ruas Palimanan – Kanci
  4.
        Palimanan – Kanci Toll Road
        Ruas Kebon Jeruk – Ulujami
  5.
        Kebon Jeruk – Ulujami Toll Road




PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                               119
Page 120
01                              02                        03                  04                                       05
Ikhtisar Kinerja Utama          Laporan Manajemen         Profil Perusahaan    Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report         Company Profile      Management Discussion and Analysis       Business Support Functions




Tabel Produk Layanan Pengoperasian Jalan Tol, Electronic Toll Collection, dan Teknologi Informasi PT JMTO Tahun 2025
Table of Toll Road Operation Services, Electronic Toll Collection, and Information Technology Products of PT JMTO in 2025


                                                                                                   Layanan
                                                                                                   Services
                                    Ruas                                Pengoperasian                                      Teknologi
 No.
                                  Toll Road                                Jalan Tol            Electronic Toll            Informasi
                                                                           Toll Road              Collection              Information
                                                                          Operations                                      Technology
         Ruas Bogor Outer Ring Road
   6.
         Bogor Outer Ring Road Toll Road
         Ruas Kunciran – Serpong
   7.
         Kunciran – Serpong Toll Road
         Ruas Cengkareng – Batuceper – Kunciran
   8.
         Cengkareng – Batuceper – Kunciran Toll Road
         Ruas Serpong – Cinere
   9.
         Serpong – Cinere Toll Road
         Ruas Medan – Kualanamu – Tebing Tinggi
  10.
         Medan – Kualanamu – Tebing Tinggi Toll Road
         Ruas Nusa Dua – Tanjung Benoa
  11.
         Nusa Dua – Tanjung Benoa Toll Road
         Ruas Balikpapan – Samarinda
  12.
         Balikpapan – Samarinda Toll Road
         Ruas Manado – Bitung
  13.
         Manado – Bitung Toll Road
         Ruas Jogja – Solo
  14.
         Jogja-Solo Toll Road
         Ruas Jalan Layang MBZ Sheikh Mohamed Bin Zayed
  15.
         MBZ Sheikh Mohamed Bin Zayed Elevated Toll Road
         Ruas Semarang – Solo
  16.
         Semarang – Solo Toll Road
         Ruas Semarang – Batang
  17.
         Semarang – Batang Toll Road
         Ruas Solo – Ngawi
  18.
         Solo – Ngawi Toll Road
         Ruas Surabaya – Mojokerto
  19.
         Surabaya – Mojokerto Toll Road
         Ruas Gempol – Pandaan
  20.
         Gempol – Pandaan Toll Road
         Ruas Gempol – Pasuruan
  21.
         Gempol – Pasuruan Toll Road
         Ruas Pandaan – Malang
  22.
         Pandaan – Malang Toll Road
         Ruas Ngawi – Kertosono
  23.
         Ngawi – Kertosono Toll Road
         Ruas Jakarta – Cikampek II Sisi Selatan
  24.
         Jakarta – Cikampek II South Section Toll Road
         Ruas Probolinggo – Banyuwangi
  25.
         Probolinggo – Banyuwangi Toll Road
 BUJT di Luar Kelompok Usaha Jasa Marga
 BUJT Outside Jasa Marga Group

         Ruas Krian – Legundi – Bunder – Manyar
   1.
         Krian – Legundi – Bunder – Manyar Toll Road
         Ruas Cimanggis – Cibitung
   2.
         Cimanggis – Cibitung Toll Road
         Ruas Bogor – Ciawi – Sukabumi
   3.
         Bogor – Ciawi – Sukabumi Toll Road
         Ruas Cibitung – Cilincing – Tanjung Priok
   4.
         Cibitung – Cilincing – Tanjung Priok Toll Road
         Ruas Serpong – Balaraja
   5.
         Serpong – Balaraja Toll Road




120                                                                           Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 121
06                                   07                                 08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Tabel Produk Layanan Pengoperasian Jalan Tol, Electronic Toll Collection, dan Teknologi Informasi PT JMTO Tahun 2025
Table of Toll Road Operation Services, Electronic Toll Collection, and Information Technology Products of PT JMTO in 2025


                                                                                                        Layanan
                                                                                                        Services
                                     Ruas                               Pengoperasian                                          Teknologi
 No.
                                   Toll Road                               Jalan Tol                Electronic Toll            Informasi
                                                                           Toll Road                  Collection              Information
                                                                          Operations                                          Technology
         Ruas Kayu Agung – Palembang – Betung
  6.
         Kayu Agung – Palembang – Betung Toll Road
         Ruas Semarang – Demak
  7.
         Semarang – Demak Toll Road
 Keterangan/Notes:
 Toll Collection termasuk dengan Jakarta-Cikampek II Selatan.
 Toll Collection is included in the Jakarta-Cikampek II South.


Sementara, layanan manajemen preservasi jalan tol dan                     Meanwhile, the Company’s toll road preservation and
konstruksi yang diberikan Perseroan dilakukan melalui                     construction management services are provided through
Entitas Anak, yaitu PT Jasamarga Tollroad Maintenance                     its Subsidiary, PT Jasamarga Tollroad Maintenance (JMTM).
(JMTM). Layanan preservasi dilakukan untuk menjaga                        Preservation services are carried out to maintain the quality
kualitas jalan tol, yang meliputi kegiatan perencanaan dan                of toll roads, which include toll road preservation planning
pelaksanaan preservasi jalan tol, peningkatan kapasitas                   and implementation, toll road capacity improvement, and
jalan tol, serta penyewaan alat berat untuk memenuhi                      heavy equipment rental to meet the Minimum Service
Standar Pelayanan Minimal (SPM) jalan tol. Adapun rincian                 Standards (SPM) for toll roads. Details regarding PT JMTM’s
terkait layanan PT JMTM dapat dilihat pada tabel berikut:                 services can be viewed in the following table:

Tabel Daftar Pekerjaan PT Jasamarga Tollroad Maintenance (JMTM) Tahun 2025
Table of Project List for PT Jasamarga Tollroad Maintenance (JMTM) in 2025


                                                      Ruas                                                           Pemberi Kerja
  No.                                               Toll Road                                                          Employer
   1.     Jagorawi (Jakarta - Bogor - Ciawi)
   2.     JORR W2, E1, E2, E3
   3.     Jakarta - Tangerang
   4.     Ulujami - Pondok Aren
   5.     Dalam Kota Jakarta
                                                                                                    PT Jasa Marga (Persero) Tbk
          Jakarta Inner City
   6.     Prof. Dr. Ir. Sedyatmo
   7.     Padalarang - Cileunyi
   8.     Cikampek - Padalarang
   9.     Belmera (Belawan - Medan - Tanjung Morawa)
  10.     Jakarta - Cikampek
   11.    Surabaya - Gempol
                                                                                                    PT Jasamarga Transjawa Tol
  12.     Semarang
  13.     Palikanci (Palimanan - Kanci)
  14.     Jakarta - Cikampek Elevated                                                               PT Jasamarga Jalanlayang Cikampek
  15.     Kunciran - Cengkareng                                                                     PT Jasamarga Kunciran Cengkareng
  16.     Cinere - Serpong                                                                          PT Cinere Serpong Jaya
  17.     Semarang - Batang                                                                         PT Jasamarga Semarang Batang
  18.     Solo - Ngawi                                                                              PT Jasamarga Solo Ngawi
  19.     Surabaya - Mojokerto                                                                      PT Jasamarga Surabaya Mojokerto
  20.     Gempol - Pasuruan                                                                         PT Jasamarga Gempol Pasuruan
  21.     Gempol - Pandaan                                                                          PT Jasamarga Pandaan Tol
  22.     Ngawi - Kertosono - Kediri                                                                PT Jasamarga Ngawi Kertosono Kediri




PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                       121
Page 122
01                             02                       03                     04                                           05
Ikhtisar Kinerja Utama         Laporan Manajemen        Profil Perusahaan       Analisa dan Pembahasan Manajemen             Fungsi Penunjang Bisnis
Main Performace Highlights     Management Report        Company Profile         Management Discussion and Analysis           Business Support Functions




Tabel Daftar Pekerjaan PT Jasamarga Tollroad Maintenance (JMTM) Tahun 2025
Table of Project List for PT Jasamarga Tollroad Maintenance (JMTM) in 2025


                                                Ruas                                                                Pemberi Kerja
  No.                                         Toll Road                                                               Employer
  23.     Medan - Kualanamu - Tebing Tinggi                                                      PT Jasamarga Kualanamu Tol
  24.     Bali - Mandara                                                                         PT Jasamarga Bali Tol
  25.     Balikpapan - Samarinda                                                                 PT Jasamarga Balikpapan Samarinda
  26.     Manado - Bitung                                                                        PT Jasamarga Manado Bitung



Tabel Daftar Pekerjaan Preservasi Infrastruktur, Survei & Pengukuran, dan Material & Alat Berat PT Jasamarga Tollroad Maintenance
(JMTM) Tahun 2025
Table of Infrastructure Preservation, Survey & Measurement, and Materials & Heavy Equipment Work List for PT Jasamarga Tollroad
Maintenance (JMTM) in 2025


                                                   Pekerjaan                                                            Pemberi Kerja
  No.                                               Project                                                               Employer
    1.     Pekerjaan Perbaikan Runway di Bandar Udara Halim Perdanakusuma                                    KSO HLP
           Runway Improvement Works at Halim Perdanakusuma Airport

   2.      Pekerjaan Pengadaan dan Pemasangan Pagar Pengaman Jalan Pada Ruas Jalan Tol Solo-                 PT Jasamarga Solo Ngawi
           Ngawi Tahun 2025
           Procurement and Installation of Road Guardrails on the Solo-Ngawi Toll Road Section in 2025

   3.      Pekerjaan Pondasi Tahap-1 Gedung Gereja HKBP Bincarung                                            Gereja HKBP Bincarung
           Phase-1 Foundation Works for HKBP Bincarung Church Building

   4.      Pekerjaan Scrapping Gerbang Tol Meruya Utama 1 Pada Jalan Tol JORR W2 Utara (Kebon                PT Astra Tol Nusantra - Astra
           Jeruk - Ulujami) Tahun 2025                                                                       Infra Solutions
           Scrapping of the Main Toll Gate 1 at Meruya on the JORR W2 North Toll Road (Kebon Jeruk -
           Ulujami) in 2025

   5.      Pekerjaan Rekonstruksi Rigid Pavement Gerbang Tol Meruya Utama 1 Pada Jalan Tol JORR W2           PT Astra Tol Nusantra - Astra
           Utara (Kebon Jeruk - Ulujami) Tahun 2025                                                          Infra Solutions
           Rigid Pavement Reconstruction Works for Main Toll Gate 1 at Meruya on the JORR W2 North
           Toll Road (Kebon Jeruk - Ulujami) in 2025

   6.      Pekerjaan Scrapping Filling Overlay (SFO) dan Rekonstruksi Rigid Pavement Pada Jalan Tol          PT Astra Tol Nusantra - Astra
           JORR W2 Utara (Kebon Jeruk - Ulujami) Tahun 2025                                                  Infra Solutions
           Scrapping Filling Overlay (SFO) and Rigid Pavement Reconstruction Works on the JORR W2
           North Toll Road (Kebon Jeruk - Ulujami) in 2025

    7.     Pekerjaan Levelling/SFO dan Rekonstruksi Rigid Pada Jalan Tol Cibitung-Cilincing                  PT Akses Pelabuhan Indonesia
           Levelling/SFO and Rigid Reconstruction Works on the Cibitung-Cilincing Toll Road

   8.      Jasa Pemborongan Layanan Pemeliharaan Rutin Aset dan Sarana Perlengkapan Keselamatan              PT Cimanggis Cibitung Tollways
           Jalan Pada Jalan Tol Cimanggis – Cibitung Seksi 1A s.d Seksi 2B Tahun 2025
           Routine Asset Maintenance Services and Road Safety Equipment on Cimanggis-Cibitung Toll
           Road Section 1A to Section 2B in 2025

   9.      Pemeliharaan Berkala Jalan/Jembatan/FO/Underpass di Provinsi DKI Jakarta (Pekerjaan               Dinas Bina Marga DKI Jakarta
           Hotmix Paket 7 di Provinsi DKI Jakarta Tahun 2025)
           Periodic Maintenance of Roads/Bridges/FO/Underpasses in DKI Jakarta Province (Hotmix
           Package 7 in DKI Jakarta in 2025)

   10.     Pemeliharaan Berkala Jalan/Jembatan/FO/Underpass di Provinsi DKI Jakarta (Pekerjaan               Dinas Bina Marga DKI Jakarta
           Hotmix Paket 28 di Provinsi DKI Jakarta Tahun 2025)
           Periodic Maintenance of Roads/Bridges/FO/Underpasses in DKI Jakarta Province (Hotmix
           Package 28 in DKI Jakarta in 2025)

   11.     Pekerjaan Rambu dan Gerbang Tol Modifikasi Simpang Susun Tol Bitung Paramount Petals              PT Acset Indonusa Tbk
           Signage and Toll Gate Modification Work at the Bitung Paramount Petals Toll Road Interchange

   12.     Pemeliharaan Berkala Jalan/Jembatan/FO/Underpass di Provinsi DKI Jakarta (Pekerjaan               Dinas Bina Marga DKI Jakarta
           Hotmix Aspal PG Paket 5 di Provinsi DKI Jakarta Tahun 2025)
           Periodic Maintenance of Roads/Bridges/FO/Underpasses in DKI Jakarta Province (Hotmix
           Asphalt PG Package 5 in DKI Jakarta in 2025)

   13.     Trial Compaction PT Patimban International Car Terminal                                           PT Ageng Jawah Rejeki
           Patimban PortTrial Compaction at PT Patimban International Car Terminal Patimban Port




122                                                                           Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 123
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Tabel Daftar Pekerjaan Preservasi Infrastruktur, Survei & Pengukuran, dan Material & Alat Berat PT Jasamarga Tollroad Maintenance
(JMTM) Tahun 2025
Table of Infrastructure Preservation, Survey & Measurement, and Materials & Heavy Equipment Work List for PT Jasamarga Tollroad
Maintenance (JMTM) in 2025


                                                     Pekerjaan                                                       Pemberi Kerja
  No.                                                 Project                                                          Employer
  14.    Pekerjaan Peralatan Tol dan Sistem Informasi dan Komunikasi Pada Gerbang Tol Bitung                 PT Paramount Enterprise
         Paramount                                                                                           International
         Toll Equipment and Information and Communication Systems Works at the Bitung Paramount
         Toll Gate

  15.    Pekerjaan Pembangunan Irigasi Belimbing                                                             PT Wijaya Karya (Persero) Tbk
         Construction of Belimbing Irrigation System

  16.    Pengadaan Jasa Pemborongan Pekerjaan Pembangunan Bangunan Pengganti Tanah                           PT Cinere Serpong Jaya
         Aset Kementerian Pendidikan, Kebudayaan, Riset dan Teknologi yang Terkena Dampak
         Pembangunan Akses Simpang Tak Sebidang (STS) Martadinata
         Procurement of Contracting Services for the Construction of Replacement Buildings for the
         Ministry of Education, Culture, Research, and Technology’s Land Assets Affected by the
         Development of the Intersection Access (STS) Martadinata

   17.   Pekerjaan Lapis Tambah (Overlay) dan Rekonstruksi Perkerasan Jalan Tol JORR II Ruas                 PT Jasamarga Kunciran
         Cengkareng – Batuceper – Kunciran                                                                   Cengkareng
         Overlay Works and Reconstruction of Pavement on the JORR II Toll Road, Cengkareng –
         Batuceper – Kunciran Section

  18.    Pekerjaan Pembuatan dan Pemasangan Tiang RFID                                                       PT Jasamarga Tollroad Operator
         Works for Manufacturing and Installing RFID Poles

  19.    Pekerjaan Surface Course (Hotmix) PT Patimban International Car Terminal – Patimban Port            PT Prasarana Danoes Cemerlang
         Surface Course (Hotmix) Works for PT Patimban International Car Terminal – Patimban Port

  20.    Steel Structure Works - Geotermal Civil Works to Support Power Plant Patuha, Ciwidey,               PT. Sasco Global Indonesia
         Bandung

  21.    The Proposed Construction and Completion of Railing in Pedestrian at Jl. Wanamarta Raya,            PT. Kawasan Industri Kendal
         Jl. Mandura, Jl. Lokapala, Jl. Suralaya and Jl. Saptarengga at Kendal Industrial Park

  22.    Jasa Konstruksi Pembangunan Jalan Akses Stasiun Karawang Kereta Cepat Jakarta –                     PT Kereta Cepat Indonesia China
         Bandung melalui Kawasan Industri Trans Heksa Karawang
         Construction Services for the Development of Access Roads to Karawang Station for Jakarta –
         Bandung High-Speed Rail through the Trans Heksa Karawang Industrial Area

  23.    Reinstatement Works for Asphalt Pavement of State Secretary Area (affected by Fence                 Shimizu MRT
         Reinforcement Works of the Presidential palace)

  24.    Asphalting Works for Stage-2D Traffic Diversion in Thamrin Station                                  Shimizu MRT

  25.    Pekerjaan Perbaikan Lereng Ruas Tol Cinere - Serpong                                                PT Waskita Karya
         Slope Repair Works on the Cinere - Serpong Toll Road

  26.    Sewa Bridge Inspection untuk Pekerjaan Inspeksi Jembatan pada Ruas Semarang-Solo                    PT Eskapindo Matra
         Tahun 2025
         Bridge Inspection Rental for Bridge Inspection Works on the Semarang-Solo Section in 2025

  27.    Pengukuran IRI dan Kekesatan Ruas Solo-Jogja                                                        PT Adhi Karya (Persero)
         IRI and Roughness Measurement on the Solo-Jogja Section

  28.    Pengukuran IRI Tahap 2 Ruas Solo-Jogja                                                              PT Adhi Karya (Persero)
         IRI Measurement for Stage 2 of the Solo-Jogja Section

  29.    Pengukuran IRI dan Kekesatan Ruas Solo-Jogja                                                        PT Daya Mulia Turangga
         IRI and Roughness Measurement on the Solo-Jogja Section

  30.    Pengukuran IRI Ruas Pandaan - Malang                                                                PT Astra Infra Solution
         IRI Measurement on the Pandaan - Malang Section

  31.    Pengukuran IRI dan Kekesatan Ruas Tol Serpong - Balaraja                                            PT Trans Bumi Serbaraja
         IRI and Roughness Measurement on the Serpong - Balaraja Toll Road

  32.    Pengukuran IRI Ruas Kunciran-Serpong Desember 2024                                                  PT Astra Infra Solution
         IRI Measurement on the Kunciran-Serpong Section in December 2024

  33.    Pengukuran IRI Ruas Waru-Juanda                                                                     PT Citramarga Surabaya
         IRI Measurement on the Waru-Juanda Section

  34.    Pengukuran IRI Ruas Semarang- Solo                                                                  PT Astra Infra Solution
         IRI Measurement on the Semarang-Solo Section




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Ikhtisar Kinerja Utama              Laporan Manajemen       Profil Perusahaan        Analisa dan Pembahasan Manajemen           Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report       Company Profile          Management Discussion and Analysis         Business Support Functions




Tabel Daftar Pekerjaan Preservasi Infrastruktur, Survei & Pengukuran, dan Material & Alat Berat PT Jasamarga Tollroad Maintenance
(JMTM) Tahun 2025
Table of Infrastructure Preservation, Survey & Measurement, and Materials & Heavy Equipment Work List for PT Jasamarga Tollroad
Maintenance (JMTM) in 2025


                                                        Pekerjaan                                                           Pemberi Kerja
  No.                                                    Project                                                              Employer
   35.     Pengukuran IRI Ruas MLJ Ulujami - Kebun Jeruk                                                          PT MLJ
           IRI Measurement on the MLJ Ulujami - Kebun Jeruk Section

   36.     Pengukuran IRI dan Kekesatan Ruas Serbaraja                                                            PT Serbaraja
           IRI and Roughness Measurement on the Serbaraja Section

   37.     IRI Manado - Bitung Seksi 2                                                                            PT PP
           IRI Manado - Bitung Section 2

   38.     IRI Ruas Kunciran - Serpong Tahun 2025                                                                 PT Astra Infra Solution
           IRI Measurement on the Kunciran - Serpong Section in 2025



Bisnis Prospektif                                                              Prospective Business
Perseroan juga menjalankan lini bisnis prospektif                              The Company also runs prospective business lines to
untuk meningkatkan pertumbuhan kinerjanya dengan                               boost performance growth by optimizing the potential
mengoptimalkan potensi usaha dan aset di ruang milik jalan                     of its business and assets in the toll road right-of-way
tol (Rumija) di sepanjang ruas jalan milik Jasa Marga Grup.                    (Rumija) along the Jasa Marga Group’s road sections. This
Lini bisnis prospektif ini dikelola oleh Entitas Anak, yaitu                   prospective business line is managed by a subsidiary,
PT Jasamarga Related Business (JMRB) yang bergerak di                          PT Jasamarga Related Business (JMRB), which is engaged
bidang pengembangan properti/Toll Corridor Development                         in property development/Toll Corridor Development (TCD),
(TCD), Tempat Istirahat dan Pelayanan (TIP), utilitas, building                Rest and Service Areas (TIP), utilities, building management,
management, serta bisnis komersil.                                             and commercial businesses.

Tabel Tempat Istirahat dan Pelayanan (TIP) Milik PT Jasamarga Related Business (JMRB) Tahun 2025
Table of Rest & Service Area (TIP) Owned by PT Jasamarga Related Business (JMRB) in 2025


                             Ruas Tol                          Tempat Istirahat dan Pelayanan (TIP)                              Status
                             Toll Road                              Rest & Service Area (TIP)                                    Status
                                                                                  KM 88A                                  Beroperasi | Operating
 Cipularang
                                                                                   KM 88B                                 Beroperasi | Operating

 Palimanan-Kanci                                                                  KM 207A                                 Beroperasi | Operating

 Pejagan-Pemalang                                                                 KM 260B                                 Beroperasi | Operating

                                                                                  KM 360B                                 Beroperasi | Operating

                                                                                  KM 379A                                 Beroperasi | Operating
 Batang-Semarang
                                                                                  KM 389B                                 Beroperasi | Operating

                                                                                  KM 391A                                 Beroperasi | Operating

                                                                                  KM 519A                                 Beroperasi | Operating

                                                                                  KM 519B                                 Beroperasi | Operating

                                                                                  KM 538A                                 Beroperasi | Operating
 Solo-Ngawi
                                                                                  KM 538B                                 Beroperasi | Operating

                                                                                  KM 575A                                 Beroperasi | Operating

                                                                                  KM 575B                                 Beroperasi | Operating

                                                                                  KM 597A                                 Beroperasi | Operating
 Ngawi-Kertosono-Kediri
                                                                                  KM 597B                                 Beroperasi | Operating

 Surabaya-Mojokerto                                                               KM 725A                                 Beroperasi | Operating

                                                                                   KM 66A                                 Beroperasi | Operating

                                                                                   KM 66B                                 Beroperasi | Operating
 Pandaan-Malang
                                                                                  KM 84A                                  Beroperasi | Operating

                                                                                   KM 84B                                 Beroperasi | Operating




124                                                                                Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 125
06                               07                                    08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




Tabel Tempat Istirahat dan Pelayanan (TIP) Milik PT Jasamarga Related Business (JMRB) Tahun 2025
Table of Rest & Service Area (TIP) Owned by PT Jasamarga Related Business (JMRB) in 2025


                       Ruas Tol                               Tempat Istirahat dan Pelayanan (TIP)                         Status
                       Toll Road                                   Rest & Service Area (TIP)                               Status
                                                                             KM 792A                                Beroperasi | Operating
 Gempol-Pasuruan
                                                                             KM 792B                                Beroperasi | Operating

                                                                              KM 65A                                Beroperasi | Operating
 Medan-Kualanamu-Tebing Tinggi
                                                                              KM 65B                                Beroperasi | Operating

                                                                              KM 36A                                Beroperasi | Operating
 Balikpapan-Samarinda
                                                                              KM 36B                                Beroperasi | Operating


Toll Corridor Development (TCD) Taman Mini atau Travoy                   Toll Corridor Development (TCD) Taman Mini or Travoy
Hub sebagai TIP Pengembangan pertama di Indonesia                        Hub, the first TIP Development in Indonesia developed by
yang dikembangkan oleh PT JMRB resmi beroperasi di                       PT JMRB, officially began operations in 2023. Travoy Hub
tahun 2023. Travoy Hub menjadi tempat pemberhentian                      serves as an interconnection hub linking various modes
dengan interkoneksi yang menghubungkan berbagai moda                     of transportation, including the Jagorawi TIP KM 05+500,
transportasi di antaranya TIP KM 05+500 Jagorawi, Light                  Jabodebek Light Rail Transit (LRT), Trans Jakarta, Jak
Rail Transit (LRT) Jabodebek, Trans Jakarta, Jak Lingko,                 Lingko, Online Ojek, and Mikrotrans.
Ojek Online hingga Mikrotrans.

Pada tahun 2025, PT JMRB masih melakukan                                 In 2025, PT JMRB will continue its development by building
pengembangan dengan membangun Travoy Hub Fase 2                          Travoy Hub Phases 2 and 3, which will include a commercial
dan 3 yang mencakup area komersil berupa ritel berkonsep                 area in the form of an open space retail concept equipped
open space yang dilengkapi berbagai prasarana umum,                      with various public facilities, as well as a hospital in
serta rumah sakit yang bekerja sama dengan Brawijaya                     collaboration with Brawijaya Healthcare. The development of
Healthcare. Pengembangan Travoy Hub menghadirkan                         Travoy Hub presents a modern transportation hub concept
konsep transportation hub modern yang mengintegrasikan                   that integrates mobility, lifestyle, and public services in one
mobilitas, gaya hidup, dan pelayanan publik dalam satu                   integrated area. Located in Taman Mini Indonesia Indah,
kawasan terpadu. Berlokasi di Taman Mini Indonesia Indah,                Travoy Hub is a pilot project for Toll Corridor Development
Travoy Hub menjadi proyek percontohan Toll Corridor                      (TCD) that connects Taman Mini LRT Station, the JakLingko
Development (TCD) yang menghubungkan Stasiun LRT                         network, TransJakarta, and Jasa Marga’s Rest and Service
Taman Mini, jaringan JakLingko, TransJakarta, serta Tempat               Area (TIP). With the support of retail facilities, Brawijaya
Istirahat dan Pelayanan (TIP) Jasa Marga. Dengan dukungan                Hospital, and a dynamic commercial area, Travoy Hub is
fasilitas ritel, Rumah Sakit Brawijaya, dan area komersial               presented to create a more comfortable, efficient, and
yang dinamis, Travoy Hub dihadirkan untuk menciptakan                    classy travel experience for urban communities.
pengalaman perjalanan yang lebih nyaman, efisien, dan
berkelas bagi masyarakat urban.

Memiliki luas lahan sekitar 37.000 meter persegi dengan                  Spanning approximately 37,000 square meters of land with
total bangunan mencapai 68.000 meter persegi, Travoy                     a total building area of 68,000 square meters, Travoy Hub
Hub dirancang sebagai destinasi gaya hidup sekaligus                     is designed as a lifestyle destination and connectivity hub
pusat konektivitas yang mendukung ekosistem jalan tol                    that supports a sustainable toll road ecosystem. This aligns
berkelanjutan. Hal ini sejalan dengan komitmen Jasa Marga                with Jasa Marga’s commitment to expanding business value
untuk memperluas nilai tambah bisnis sekaligus memperkuat                while strengthening its position as a leader in integrated toll
posisinya sebagai pemimpin dalam inovasi layanan jalan tol               road service innovation in Indonesia.
terintegrasi di Indonesia.




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01                                  02                  03                      04                                          05
Ikhtisar Kinerja Utama              Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report   Company Profile          Management Discussion and Analysis          Business Support Functions




Logo Perseroan
Company’s Logo




Jasa Marga memiliki logo yang sangat dikenal oleh                          Jasa Marga has a well-known logo among the Indonesian
masyarakat Indonesia yang juga menjadi “brand” perusahaan                  public and has also become the company’s “brand” in the
yang bergerak di bidang industri jalan tol. Logo Perseroan                 toll road industry. The company logo was established
ditetapkan berdasarkan Keputusan Direksi PT Jasa Marga                     based on the Board of Directors Decree of PT Jasa Marga
(Persero) No. 102/KPTS/2025 tanggal 29 Juli 2025. Logo                     (Persero) No. 102/KPTS/2025 tanggal July 29, 2025. This
ini dinilai dapat menggambarkan citra Perseroan yang                       logo represents the Company’s image, packaged in a
dikemas dengan desain modern, sederhana, dan elegan                        modern, simple, and elegant design, with blue and yellow as
menggunakan warna biru dan kuning sebagai identitas                        its primary colors.
utama.



Makna dan Arti Logo
Logo Meaning and Explanation
                                                                                                                 Konfigurasi jalan membentuk huruf
                                                                                                                 “J” (huruf pertama Perseroan),
                                                                                                                 mencerminkan perjalanan panjang
                                                                                                                 sekaligus mencitrakan Perseroan
      Warna biru dan kuning pada                                                                                 yang semakin dinamis.
 logo mencerminkan harapan dan                                                                                   The road configuration forms
masa depan, serta semangat dan                                                                                   the letter “J” (the Company’s first
                        komitmen.                                                                                letter), reflecting a long journey
    The blue and yellow colors in                                                                                while also portraying the Company
    the logo reflect hope and the                                                                                as increasingly dynamic.
future, as well as enthusiasm and
                     commitment.
                                                                                                                 Bola berwarna biru menunjukkan
                                                                                                                 bahwa Jasa Marga menuju
                                                                                                                 perusahaan yang berstandar
                                                                                                                 global.
                                                                                                                 The blue ball indicates that Jasa
                                                                                                                 Marga is moving towards becoming
                                                                                                                 a global standard company.


Perubahan Logo                                                             Logo Changes
Sejak pertama kali didirikan, Perseroan telah mengalami                    Since its inception, the Company has undergone 3 (three)
3 (tiga) kali perubahan logo, yakni pada tahun 1993, 2007,                 logo changes, in 1993, 2007, and 2025. Despite these
dan 2025. Meski mengalami perubahan, tetapi Perseroan                      changes, the Company has retained the letter “J” symbol,
tidak menghilangkan simbol huruf “J” yang mencerminkan                     which reflects its increasingly dynamic historical journey and
perjalanan historis Perseroan yang semakin dinamis serta                   its commitment to continuously providing global-standard
komitmen Perseroan untuk senantiasa memberikan layanan                     services and developing into a modern, professional
berstandar global, dan berkembang menjadi perusahaan                       company in its industry. The Company’s current logo is also
yang modern dan profesional di industrinya. Logo Perseroan                 considered a “brand” in the form of a symbol or emblem,
saat ini juga dinilai merepresentasikan “brand” berbentuk                  packaged in accordance with the Company’s philosophy so
simbol atau lambang yang dikemas sesuai dengan filosofi                    that it is easily recognizable by customers and the wider
Perseroan agar mudah dikenali oleh para pelanggan dan                      community.
masyarakat luas.




  1978-1993                            1993-2007                    2007-2025                                        2025-sekarang
                                                                                                                       2025-present




126                                                                             Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 127
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Maskot Korporat                                                       Corporate Mascot
Jasa Marga senantiasa mendekatkan “brand” dalam                       Jasa Marga consistently promotes its brand by
penyampaian informasi terkait Perseroan serta meningkatkan            communicating information about the Company and
efektivitas komunikasi visual kepada masyarakat luas.                 enhances the effectiveness of its visual communication to
Untuk itu, Perseroan memiliki maskot Bang Jasmar dan Sis              the general public. To this end, the Company has mascots
Conni yang sering tampil di media sosial Perseroan, seperti           Bang Jasmar and Sis Conni, who frequently appear on the
Instagram, Facebook, X atau Twitter, Youtube, Tiktok,                 Company’s social media platforms, including Instagram,
serta media internal Perseroan seperti Miles Bulletin, Miles          Facebook, X (formerly Twitter), YouTube, and TikTok, as
Photoboard, dan Miles Magazine.                                       well as internal Company media such as Miles Bulletin, Miles
                                                                      Photoboard, and Miles Magazine.

Sebagai ikon representatif Roadster Jasa Marga, Bang                  As representative icons of Jasa Marga Roadster, Bang
Jasmar dan Sis Conni senantiasa menerapkan tata nilai                 Jasmar and Sis Conni consistently embody the AKHLAK
AKHLAK (Amanah, Kompeten, Harmonis, Loyal, Adaptif dan                values (Trustworthy, Competent, Harmonious, Loyal,
Kolaboratif) dan menyampaikan beragam informasi tentang               Adaptive, and Collaborative) and convey information about
kegiatan korporasi, layanan jalan tol dan informasi lainnya           corporate activities, toll road services, and other matters
kepada stakeholder eksternal maupun internal. Penyampaian             to external and internal stakeholders. Using the corporate
informasi dengan menggunakan maskot korporat tersebut                 mascot to convey information will enhance the effectiveness
akan meningkatkan efektivitas komunikasi atas beragam                 of communication about the diverse information the
informasi yang ingin disampaikan oleh Perseroan.                      Company wishes to share.




                              Bang Jasmar                                                         Sis Conni




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01                                  02                       03                     04                                         05
Ikhtisar Kinerja Utama              Laporan Manajemen        Profil Perusahaan       Analisa dan Pembahasan Manajemen           Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report        Company Profile         Management Discussion and Analysis         Business Support Functions




Struktur Organisasi
Organization Structure

                                                                                                                                Direktur Utama
                                                                                                                               President Director

                                                                                                                             Rivan A. Purwantono

                      Strategic
                   Transformation
                     Group Head

                       Gandes
                     Aisyaharum




                    Direktur Bisnis                         Direktur Operasi                         Direktur Layanan
                 Director of Business                          Director of                          Director of Services
                                                               Operations

                    Reza Febriano                             Fitri Wiyanti                            Yaya Ruhiya




                                                               Operation &
                  Concession Business
                                                              Maintenance
                  Planning Group Head                                                        Customer Experience
                                                            Management Group
                                                                 Head                       Management Group Head
                     Denny Chandra
                        Irawan                               Atika Dara Prahita




                  Regions                                       Information
                                                             Technology Group
                                                                   Head
          Jasamarga Metropolitan                               Ayudya Rizka
         Tollroad Regional Division                               Fauzia



       Jasamarga Nusantara Tollroad
            Regional Division




                                             Bisnis Konsesi Jalan Tol                                               Bisnis Prospektif
                                      Toll Road Concession Line of Business                                   Prospective Line of Business


                 AP Subholding                           APJT Persiapan & Konstruksi                        AP Bidang Related Business
                 Sub-Holding Toll Road                   Toll Road Subsidiaries in                          Supporting Toll Road
                                                         Preparation & Construction                         Subsidiaries in Related Business




                 BUJT Subholding                         APJT Operasi

                 BUJT Subholding                         Toll Road Subsidiaries in Operation




128                                                                                Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 129
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Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




      Struktur Organisasi Perseroan ditetapkan berdasarkan                     The Company’s organizational structure is established in
      Keputusan    Direksi  No.   200/KPTS/2025     tanggal                    accordance with the Board of Directors’ Decree No. 200/
      31 Desember 2025 tentang Struktur Organisasi PT Jasa                     KPTS/2025 dated December 31, 2025 on the Organizational
      Marga (Persero) Tbk.                                                     Structure of PT Jasa Marga (Persero) Tbk.




                                                                                        Internal Audit
                                                                                      Senior Group Head
                                                                                       Agung Laksana
                                                                                          Pranata




            Direktur                        Direktur Keuangan dan                     Direktur Human Capital
     Pengembangan Usaha                       Manajemen Risiko                           dan Transformasi
      Director of Business                   Director of Finance and                 Director of Human Capital
          Development                           Risk Management                         and Transformation
          Ari Respati                         Pramitha Wulanjani                         Yoga Tri Anggoro




           Toll Project                      Corporate Finance                            Human Capital                   Corporate Secretary &
          Development                        & Investor Relations                       Development Group                  Chief Administration
          Group Head                         Senior Group Head                                Head                                Officer
          George I.M.P
           Manurung                           Haning Pangastuty                           Aprilizayanti Putri                  Ari Wibowo




       Non-Concession                         Corporate Planning                                                                Corporate
     Business Management                          & Portfolio                             Human Capital                      Communication &
         & Investment                           Management                             Services Group Head                Community Development
          Group Head                             Group Head                                                                    Group Head
         Aldrin Maulana                         Trias Andriyanto                          Windharti Amelia                   Lisye Octaviana




                                              Accounting & Tax                                                             Procurement & Fixed
                                                                                        Jasa Marga Learning
                                                Group Head                                                                  Asset Group Head
                                                                                        Institute Group Head
                                                 Ricky Ricardo                                                              Syailendra Wisnu
                                                   Sarael B.                                Irawati Savitri                    Wardhana




                                                Risk & Quality,
                                               Health, Safety and                                                             Plt. Legal and
                                                 Environment                                                              Compliance Group Head
                                                 Group Head
                                                                                                                               Ivan Mawara
                                                 Devi Lusyana




         Bisnis Pengoperasian                                Dana Pensiun
           Bisnis Pengoperasian                               Pension Fund


       AP2JT Bidang Operasi                                Dana Pensiun

       Supporting Toll Road                                Pension Fund
       Subsidiaries in Operation




       AP2JT Bidang Preservasi

       Supporting Toll Road
       Subsidiaries in Maintenance




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                          129
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01                           02                         03                    04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen          Profil Perusahaan      Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report          Company Profile        Management Discussion and Analysis       Business Support Functions




Perubahan Komposisi Dewan Komisaris
dan Direksi di Tahun Buku 2025
Changes in the Board of Commissioners and the Board
of Directors Composition in the 2025 Fiscal Year
Komposisi Dewan Komisaris dan Direksi sebelum RUPS Tahunan pada tanggal 07 Mei 2025
Board of Commissioners and Board of Directors Composition prior to the Annual GMS on May 7, 2025


              Nama                                  Jabatan                                Dasar Pengangkatan Pertama Kali
              Name                                  Position                                  Basis of Initial Appointment
 Dewan Komisaris
 Board of Commissioners

 Mohammad Zainal Fatah         Komisaris Utama                                   Keputusan RUPS Luar Biasa tanggal 08 Februari 2023
                               President Commissioner                            Decision of the Extraordinary GMS on February 8, 2023

 M. Roskanedi                  Komisaris                                         Keputusan RUPS Tahunan tanggal 27 Mei 2021
                               Commissioner                                      Decision of the Annual GMS on May 27, 2021

 Raja Erizman                  Komisaris                                         Keputusan RUPS Tahunan tanggal 27 Mei 2021
                               Commissioner                                      Decision of the Annual GMS on May 27, 2021

 Chandra Wijaya                Komisaris Independen                              Keputusan RUPS Luar Biasa tanggal 08 Februari 2023
                               Independent Commissioner                          Decision of the Extraordinary GMS on February 8, 2023

 Seppalga Ahmad                Komisaris Independen                              Keputusan RUPS Luar Biasa tanggal 08 Februari 2023
                               Independent Commissioner                          Decision of the Extraordinary GMS on February 8, 2023

 Marsetio                      Komisaris Independen                              Keputusan RUPS Luar Biasa tanggal 08 Februari 2023
                               Independent Commissioner                          Decision of the Extraordinary GMS on February 8, 2023

 Abdul Rachman                 Komisaris Independen                              Keputusan RUPS Luar Biasa tanggal 08 Februari 2023
                               Independent Commissioner                          Decision of the Extraordinary GMS on February 8, 2023

 Direksi
 Board of Directors

 Subakti Syukur                Direktur Utama                                    •    Keputusan RUPS Luar Biasa tanggal 29 Agustus 2016
                               President Director                                     (Periode Pertama)
                                                                                 •    Keputusan RUPS Tahunan tanggal 27 Mei 2021 juncto
                                                                                      Keputusan RUPS Luar Biasa tanggal 27 Agustus 2021
                                                                                      (Periode Kedua)
                                                                                 •    Decision of the Extraordinary GMS on August 29,
                                                                                      2016 (First Period)
                                                                                 •    Decision of the Annual GMS on May 27, 2021 juncto
                                                                                      Decision of the Extraordinary GMS on August 27, 2021
                                                                                      (Second Period)

 Reza Febriano                 Direktur Bisnis                                   Keputusan RUPS Luar Biasa tanggal 22 Desember 2021
                               Director of Business                              Decision of the Extraordinary GMS on December 22, 2021

 Bagus Cahya Arinta B.         Direktur Human Capital dan Transformasi           Keputusan RUPS Luar Biasa tanggal 22 Desember 2021
                               Director of Human Capital and Transformation      Decision of the Extraordinary GMS on December 22, 2021

 Fitri Wiyanti                 Direktur Operasi                                  Keputusan RUPS Tahunan tanggal 11 Juni 2020
                               Director of Operations                            Decision of the Annual GMS on June 11, 2020

 Mohamad Agus Setiawan         Direktur Pengembangan Usaha                       Keputusan RUPS Luar Biasa tanggal 22 Desember 2021
                               Director of Business Development                  Decision of the Extraordinary GMS on December 22, 2021

 Pramitha Wulanjani            Direktur Keuangan dan Manajemen Risiko            Keputusan RUPS Luar Biasa tanggal 08 Februari 2023
                               Director of Finance and Risk Management           Decision of the Extraordinary GMS on February 08, 2023




130                                                                        Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 131
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




Adapun komposisi Dewan Komisaris dan Direksi setelah                     The composition of the Board of Commissioners and Board
RUPS Tahunan tanggal 07 Mei 2025 adalah sebagai berikut:                 of Directors following the Annual GMS on May 7, 2025, is as
                                                                         follows:

Komposisi Dewan Komisaris dan Direksi setelah RUPS Tahunan pada tanggal 07 Mei 2025
Board of Commissioners and Board of Directors Composition after the Annual GMS on May 7, 2025


             Nama                                     Jabatan                                 Dasar Pengangkatan Pertama Kali
             Name                                     Position                                   Basis of Initial Appointment
 Dewan Komisaris
 Board of Commissioners

 Juri Ardiantoro                 Komisaris Utama                                    Keputusan RUPS Tahunan tanggal 07 Mei 2025
                                 President Commissioner                             Decision of the Annual GMS on May 7, 2025

 Syamsul Bachri Yusuf            Komisaris                                          Keputusan RUPS Tahunan tanggal 07 Mei 2025
                                 Commissioner                                       Decision of the Annual GMS on May 7, 2025

 Asrorun Ni’am Sholeh            Komisaris                                          Keputusan RUPS Tahunan tanggal 07 Mei 2025
                                 Commissioner                                       Decision of the Annual GMS on May 7, 2025

 Nachrowi Ramli                  Komisaris Independen                               Keputusan RUPS Tahunan tanggal 07 Mei 2025
                                 Independent Commissioner                           Decision of the Annual GMS on May 7, 2025

 Rudi Antariksawan               Komisaris Independen                               Keputusan RUPS Tahunan tanggal 07 Mei 2025
                                 Independent Commissioner                           Decision of the Annual GMS on May 7, 2025

 Seppalga Ahmad                  Komisaris Independen                               Keputusan RUPS Luar Biasa tanggal 08 Februari 2023
                                 Independent Commissioner                           Decision of the Extraordinary GMS on February 8, 2023

 Direksi
 Board of Directors

 Rivan Achmad Purwantono         Direktur Utama                                     Keputusan RUPS Tahunan tanggal 07 Mei 2025
                                 President Director                                 Decision of the Annual GMS on May 7, 2025

 Reza Febriano                   Direktur Bisnis                                    Keputusan RUPS Luar Biasa tanggal 22 Desember 2021
                                 Director of Business                               Decision of the Extraordinary GMS on December 22, 2021

 Yoga Tri Anggoro                Direktur Human Capital dan Transformasi            Keputusan RUPS Tahunan tanggal 07 Mei 2025
                                 Director of Human Capital and Transformation       Decision of the Annual GMS on May 7, 2025

 Fitri Wiyanti                   Direktur Operasi dan Layanan                       •    Keputusan RUPS Tahunan tanggal 11 Juni 2020
                                 Director of Operations and Services                •    Keputusan RUPS Tahunan tanggal 07 Mei 2025
                                                                                    •    Decision of the Annual GMS on June 11, 2020
                                                                                    •    Decision of the Annual GMS on May 7, 2025

 Mohamad Agus Setiawan           Direktur Pengembangan Usaha                        Keputusan RUPS Luar Biasa tanggal 22 Desember 2021
                                 Director of Business Development                   Decision of the Extraordinary GMS on December 22, 2021

 Pramitha Wulanjani              Direktur Keuangan dan Manajemen Risiko             Keputusan RUPS Luar Biasa tanggal 08 Februari 2023
                                 Director of Finance and Risk Management            Decision of the Extraordinary GMS on February 8, 2023




Pada    tanggal    17   Desember     2025      Perseroan                 On December 17, 2025, the Company held an Extraordinary
menyelenggarakan Rapat Umum Pemegang saham Luar                          General Meeting of Shareholders, resulting in the following
Biasa, sehingga komposisi Dewan Komisaris dan Direksi                    composition of the Board of Commissioners and Board of
pada Akhir Tahun Buku 2025 adalah sebagai berikut:                       Directors as of the End of Fiscal Year 2025 is as follow:


Komposisi Dewan Komisaris dan Direksi pada Akhir Tahun Buku 2025
Composition of the Board of Commissioners and the Board of Directors as of the End of Fiscal Year 2025


            Nama                               Jabatan                                   Dasar Pengangkatan Pertama Kali
            Name                               Position                                     Basis of Initial Appointment
 Dewan Komisaris
 Board of Commissioners

 Juri Ardiantoro               Komisaris Utama                            Keputusan RUPS Tahunan Tahun buku 2024 tanggal 07 Mei 2025
                               President Commissioner                     Decision of the Annual GMS for the 2024 fiscal year on May 7, 2025

 Syamsul Bachri Yusuf          Komisaris                                  Keputusan RUPS Tahunan Tahun buku 2024 tanggal 07 Mei 2025
                               Commissioner                               Decision of the Annual GMS for the 2024 fiscal year on May 7, 2025

 Nachrowi Ramli                Komisaris Independen                       Keputusan RUPS Tahunan Tahun buku 2024 tanggal 07 Mei 2025
                               Independent Commissioner                   Decision of the Annual GMS for the 2024 fiscal year on May 7, 2025




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Page 132
01                                02                           03                        04                                           05
Ikhtisar Kinerja Utama            Laporan Manajemen            Profil Perusahaan          Analisa dan Pembahasan Manajemen             Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report            Company Profile            Management Discussion and Analysis           Business Support Functions




Komposisi Dewan Komisaris dan Direksi pada Akhir Tahun Buku 2025
Composition of the Board of Commissioners and the Board of Directors as of the End of Fiscal Year 2025


             Nama                                   Jabatan                                       Dasar Pengangkatan Pertama Kali
             Name                                   Position                                         Basis of Initial Appointment
 Tedi Kurniawan                   Komisaris Independen                             Keputusan RUPS Luar Biasa tanggal 17 Desember 2025
                                  Independent Commissioner                         Decision of the Extraordinary GMS on December 17, 2025

 Rudi Antariksawan                Komisaris Independen                             Keputusan RUPS Tahunan Tahun buku 2024 tanggal 07 Mei 2025
                                  Independent Commissioner                         Decision of the Annual GMS for the 2024 fiscal year on May 7, 2025

 Asrorun Ni’am Sholeh             Komisaris                                        Keputusan RUPS Tahunan Tahun buku 2024 tanggal 07 Mei 2025
                                  Commissioner                                     Decision of the Annual GMS for the 2024 fiscal year on May 7, 2025

 Direksi
 Board of Directors

 Rivan Achmad Purwantono          Direktur Utama                                   Keputusan RUPS Tahunan Tahun Buku 2024 tanggal 07 Mei 2025
                                  President Director                               Decision of the Annual GMS for the 2024 fiscal year on May 7, 2025

 Reza Febriano                    Direktur Bisnis                                  Keputusan RUPS Luar Biasa tanggal 22 Desember 2021
                                  Director of Business                             Decision of the Extraordinary GMS on December 22, 2021

 Yoga Tri Anggoro                 Direktur Human Capital dan Transformasi          Keputusan RUPS Tahunan Tahun Buku 2024 tanggal 07 Mei 2025
                                  Director of Human Capital and                    Decision of the Annual GMS for the 2024 fiscal year on May 7, 2025
                                  Transformation

 Pramitha Wulanjani               Direktur Keuangan dan Manajemen                  Keputusan RUPS Luar Biasa tanggal 08 Februari 2023
                                  Risiko                                           Decision of the Extraordinary General Meeting of Shareholders on
                                  Director of Finance and Risk                     February 8, 2023
                                  Management

 Fitri Wiyanti*                   Direktur Operasi                                 Keputusan RUPS Luar Biasa tanggal 17 Desember 2025
                                  Director of Operations                           Decision of the Extraordinary GMS on December 17, 2025

 Yaya Ruhiya                      Direktur Layanan                                 Keputusan RUPS Luar Biasa tanggal 17 Desember 2025
                                  Director of Services                             Decision of the Extraordinary GMS on December 17, 2025

 Ari Respati                      Direktur Pengembangan Usaha                      Keputusan RUPS Luar Biasa tanggal 17 Desember 2025
                                  Director of Business Development                 Decision of the Extraordinary GMS on December 17, 2025
 * Per 7 Mei 2025, nomenklatur berubah menjadi Direktur Operasi dan Layanan, kemudian ditetapkan kembali menjadi Direktur Operasi melalui RUPS Luar Biasa
   tanggal 17 Desember 2025.
 * As of May 7, 2025, the nomenclature changed to Director of Operations and Services, then reverted to Director of Operations through an Extraordinary General
   Meeting of Shareholders on December 17, 2025.




Informasi Perubahan Komposisi Dewan
Komisaris dan Direksi Setelah Tahun Buku 2025
Information on Changes in the Composition of the Board of
Commissioners and Board of Directors after the 2025 Fiscal Year

Setelah tahun buku 2025 berakhir hingga penyampaian                               From the end of the 2025 fiscal year until the submission of
laporan ini, tidak terdapat perubahan komposisi Dewan                             this report, there have been no changes in the composition
Komisaris dan Direksi Perseroan.                                                  of the Board of Commissioners and Board of Directors of
                                                                                  the Company.




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06                               07                                     08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




Profil Dewan Komisaris
Profile of the Board of Commissioners



                                                                    Juri Ardiantoro
                                                                    Komisaris Utama
                                                                    President Commissioner


                                                                        Kewarganegaraan                              Domisili
                                                                        Nationality                                  Domicile
                                                                        Warga Negara Indonesia                       Jakarta
                                                                        Indonesian                                   Jakarta


                                                                        Usia per 31 Desember 2025               52 tahun
                                                                        Age per December 31, 2025               52 years old




     Riwayat Penunjukan                                                   Riwayat Jabatan
     Appointment History                                                  Career Experience
     Diangkat menjadi Komisaris Utama berdasarkan Keputusan               •    Komisaris PT Pertamina Patra Niaga (2020-2024)
     RUPS Tahunan tanggal 07 Mei 2025 berdasarkan Akta                    •    Deputi Kepala Staf Kepresidenan Bidang Informasi dan
     Pernyataan Keputusan Rapat Umum Pemegang Saham No. 36                     Komunikasi Politik, Staf Kepresidenan (2020)
     tanggal 19 Mei 2025                                                  •    Commissioner of PT Pertamina Patra Niaga (2020-2024)
     Appointed as President Commissioner pursuant to the Annual           •    Deputy Chief of Staff for Political Information and
     GMS Resolution dated May 7, 2025, based on the Deed of                    Communication, Presidential Staff (2020)
     Statement of the General Meeting of Shareholders Resolution
     No. 36 dated May 19, 2025
                                                                          Riwayat Pendidikan
                                                                          Educational Background
     Periode Menjabat
                                                                          •    S1 Sejarah dari Universitas Negeri Jakarta (1999)
     Term of Office
                                                                          •    S2 Sosiologi dari Universitas Indonesia (2003)
     Periode menjabat sejak 07 Mei 2025 sampai dengan penutupan
                                                                          •    S3 Ilmu Sosiologi dari Universitas Malaya (2015)
     RUPS Tahunan Tahun 2030 (periode pertama)
                                                                          •    Bachelor’s degree in History from the Jakarta National
     Term of office from May 7, 2025, until the closing of the 2030
                                                                               University (1999)
     Annual GMS (first term)
                                                                          •    Master’s degree in Sociology from the University of
                                                                               Indonesia (2003)
                                                                          •    Doctorate in Sociology from the University of Malaya (2015)
     Jabatan Rangkap
     Concurrent Positions
     Di Perseroan:                                                        Kepemilikan Saham JSMR
     • Ketua merangkap anggota Komite Tata Kelola Terintegrasi            Share Ownership in JSMR
         PT Jasa Marga (Persero) Tbk (Mei 2025 - Sekarang)                Tidak memiliki saham Perseroan pada awal dan akhir tahun buku
     • Anggota Komite Nominasi dan Remunerasi PT Jasa Marga               Does not own any shares in the Company at the beginning and
         (Persero) Tbk (Mei 2025 - Sekarang)                              end of the fiscal year
     Di Luar Perseroan:
     Wakil Menteri Sekretaris Negara (2024 - Sekarang)
                                                                          Hubungan Afiliasi
     In the Company:                                                      Affiliated Relation
     • Chairman and member of the Integrated Governance                   Tidak memiliki hubungan afiliasi dengan anggota Dewan
          Committee PT Jasa Marga (Persero) Tbk (May 2025 -               Komisaris lainnya, pemegang saham utama, dan pengendali
          Present)                                                        baik langsung maupun tidak langsung sampai kepada pemilik
     • Member of the Nomination and Remuneration Committee                individu
          of PT Jasa Marga (Persero) Tbk (May 2025 - Present)             No affiliation with other members of the Board of
                                                                          Commissioners, major shareholders, or controllers, either
     Outside the Company:
                                                                          directly or indirectly, up to the individual owners
     Deputy Minister of State Secretary (2024 - Present)




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01                            02                        03                        04                                             05
Ikhtisar Kinerja Utama        Laporan Manajemen         Profil Perusahaan          Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights    Management Report         Company Profile            Management Discussion and Analysis             Business Support Functions




                                                                 Syamsul Bachri Yusuf
                                                                 Komisaris
                                                                 Commissioner


                                                                       Kewarganegaraan                                 Domisili
                                                                       Nationality                                     Domicile
                                                                       Warga Negara Indonesia                          Jakarta
                                                                       Indonesian                                      Jakarta


                                                                       Usia per 31 Desember 2025               45 tahun
                                                                       Age per December 31, 2025               45 years old




      Riwayat Penunjukan                                                   Riwayat Jabatan
      Appointment History                                                  Career Experience
      Diangkat menjadi Komisaris berdasarkan Keputusan RUPS                •   Staf Ahli (Senior Advisor) PT Maluku Energi Abadi
      Tahunan tanggal 07 Mei 2025 berdasarkan Akta Pernyataan                  (Perseroda) (2022-2024)
      Keputusan Rapat Umum Pemegang Saham No. 36 tanggal 19                •   Direktur Utama Perumda Air Minum Jakarta (PAM Jaya)
      Mei 2025                                                                 (2021-2022)
      Appointed as Commissioner pursuant to the Annual GMS                 •   Senior Advisor of PT Maluku Energi Abadi (Perseroda)
      Resolution dated May 7, 2025, based on the Deed of Statement             (2022-2024)
      of the General Meeting of Shareholders Resolution No. 36             •   Director General of Perumda Air Minum Jakarta (PAM Jaya)
      dated May 19, 2025                                                       (2021-2022)


      Periode Menjabat                                                     Riwayat Pendidikan
      Term of Office                                                       Educational Background
      Periode menjabat sejak 07 Mei 2025 sampai dengan penutupan           •   S1 Teknik Mesin dari University of Applied Sciences and
      RUPS Tahunan Tahun 2030 (periode pertama)                                Arts Hannover, Jerman (2006)
      Term of office from May 7, 2025, until the closing of the 2030       •   S2 Manajemen Pertahanan (Ketahanan Energi) dari
      Annual GMS (first term)                                                  Universitas Pertahanan Indonesia (2016)
                                                                           •   Pendidikan Pemantapan Pimpinan Nasional (P3N) XXVI
      Jabatan Rangkap                                                          dari Lembaga Ketahanan Nasional RI (2025)
                                                                           •   Bachelor’s degree in Mechanical Engineering from the
      Concurrent Positions
                                                                               University of Applied Sciences and Arts Hannover,
      Di Perseroan:
                                                                               Germany (2006)
      • Ketua Komite Pemantau Risiko dan Hukum PT Jasa Marga
                                                                           •   Master’s degree in Defense Management (Energy Security)
          (Persero) Tbk (Mei 2025 - Sekarang)
                                                                               from the Indonesian Defense University (2016)
      • Anggota Komite Tata Kelola Terintegrasi PT Jasa Marga
                                                                           •   National Leadership Consolidation Education (P3N) XXVI
          (Persero) Tbk (Mei 2025 - Sekarang)
                                                                               from the National Defense Institute of Indonesia (2025)
      Di Luar Perseroan:
      Staf Khusus Bidang Teknologi, Tata Kelola, dan Kepatuhan
      Kementerian Pekerjaan Umum (2024 - Sekarang)                         Kepemilikan Saham JSMR
                                                                           Share Ownership in JSMR
      In the Company:                                                      Tidak memiliki saham Perseroan pada awal dan akhir tahun buku
      • Chairman of the Risk Monitoring and Legal Committee of             Does not own any shares in the Company at the beginning and
           PT Jasa Marga (Persero) Tbk (May 2025 - Present)                end of the fiscal year
      • Member of the Integrated Governance Committee of
           PT Jasa Marga (Persero) Tbk (May 2025 - Present)
                                                                           Hubungan Afiliasi
      Outside the Company:                                                 Affiliated Relation
      Special Staff for Technology, Governance, and Compliance,            Tidak memiliki hubungan afiliasi dengan anggota Dewan
      Ministry of Public Works (2024 - Present)                            Komisaris lainnya, pemegang saham utama, dan pengendali baik
                                                                           langsung maupun tidak langsung sampai kepada pemilik individu
                                                                           No affiliation with other members of the Board of Commissioners,
                                                                           major shareholders, or controllers, either directly or indirectly, up
                                                                           to the individual owners




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




                                                                    Asrorun Ni’am Sholeh
                                                                    Komisaris
                                                                    Commissioner


                                                                       Kewarganegaraan                               Domisili
                                                                       Nationality                                   Domicile
                                                                       Warga Negara Indonesia                        Jakarta
                                                                       Indonesian                                    Jakarta


                                                                       Usia per 31 Desember 2025                49 tahun
                                                                       Age per December 31, 2025                49 years old




     Riwayat Penunjukan                                                   Riwayat Jabatan
     Appointment History                                                  Career Experience
     Diangkat menjadi Komisaris berdasarkan Keputusan RUPS                •    Deputi Pemberdayaan Pemuda Kementerian Pemuda dan
     Tahunan tanggal 07 Mei 2025 berdasarkan Akta Pernyataan                   Olahraga (2023-2025)
     Keputusan Rapat Umum Pemegang Saham No. 36 tanggal 19                •    Deputi Pengembangan Pemuda Kementerian Pemuda dan
     Mei 2025                                                                  Olahraga (2017-2023)
     Appointed as Commissioner pursuant to the Annual GMS                 •    Deputy for Youth Empowerment at the Ministry of Youth
     Resolution dated May 7, 2025, based on the Deed of Statement              and Sports (2023-2025)
     of the General Meeting of Shareholders Resolution No. 36             •    Deputy for Youth Development at the Ministry of Youth and
     dated May 19, 2025                                                        Sports (2017–2023)


     Periode Menjabat                                                     Riwayat Pendidikan
     Term of Office                                                       Educational Background
     Periode menjabat sejak 07 Mei 2025 sampai dengan penutupan           •    S1 Pendidikan dari IAIA Jakarta (1997)
     RUPS Tahunan Tahun 2030 (periode pertama)                            •    S1 Hukum Islam dari Lembaga Ilmu Pengetahuan Islam dan
     Term of office from May 7, 2025, until the closing of the 2030            Arab (LIPIA) Jakarta (2001)
     Annual GMS (first term)
                                                                          •    S2 Filsafat Hukum (Ushul Fiqih) dari Institut Agama Islam
                                                                               Negeri (IAIN) Jakarta (2002)
                                                                          •    S3 Hukum Fikih dari Universitas Islam Negeri Syarif
     Jabatan Rangkap
                                                                               Hidayatullah Jakarta (2008)
     Concurrent Positions
                                                                          •    Bachelor’s degree in Education from IAIA Jakarta (1997)
     Di Perseroan:
                                                                          •    Bachelor’s degree Islamic Law from the Institute for the
     • Anggota Komite Pemantau Risiko dan Hukum PT Jasa
                                                                               Study of Islam and Arabic (LIPIA) Jakarta (2001)
         Marga (Persero) Tbk (Juni 2025 - Sekarang)
                                                                          •    Master’s degree in Legal Philosophy (Ushul Fiqih) from the
     • Anggota Komite Tata Kelola Terintegrasi PT Jasa Marga
                                                                               Institute of Islamic Studies (IAIN) Jakarta (2002)
         (Persero) Tbk (Juni 2025 - Sekarang)
                                                                          •    Doctorate in Fiqh Law from Syarif Hidayatullah State
     Di Luar Perseroan:                                                        Islamic University Jakarta (2008)
     • Ketua Majelis Ulama Indonesis (MUI) Bidang Fatwa
         (2025-Sekarang)
     • Staf Ahli Bidang Inovasi Kepemudaan dan Keolahragaan               Kepemilikan Saham JSMR
         Kementerian Pemuda dan Olahraga (2025-Sekarang)                  Share Ownership in JSMR

     In the Company:                                                      Tidak memiliki saham Perseroan pada awal dan akhir tahun buku
     • Member of the Risk Monitoring and Legal Committee of               Does not own any shares in the Company at the beginning and
          PT Jasa Marga (Persero) Tbk (June 2025 - Present)               end of the fiscal year
     • Member of the Integrated Governance Committee of
          PT Jasa Marga (Persero) Tbk (June 2025 - Present)
                                                                          Hubungan Afiliasi
     Outside the Company:
                                                                          Affiliated Relation
     • Chairman of the Indonesian Ulema Council (MUI) Fatwa
         Division (2025-Present)                                          Tidak memiliki hubungan afiliasi dengan anggota Dewan
     • Expert Staff for Youth Innovation and Sports at the Ministry       Komisaris lainnya, pemegang saham utama, dan pengendali
         of Youth and Sports (2025-Present)                               baik langsung maupun tidak langsung sampai kepada pemilik
                                                                          individu
                                                                          No affiliation with other members of the Board of
                                                                          Commissioners, major shareholders, or controllers, either
                                                                          directly or indirectly, up to the individual owners




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01                            02                        03                        04                                             05
Ikhtisar Kinerja Utama        Laporan Manajemen         Profil Perusahaan          Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights    Management Report         Company Profile            Management Discussion and Analysis             Business Support Functions




                                                                 Nachrowi Ramli
                                                                 Komisaris Independen
                                                                 Independent Commissioner


                                                                           Kewarganegaraan                             Domisili
                                                                           Nationality                                 Domicile
                                                                           Warga Negara Indonesia                      Jakarta
                                                                           Indonesian                                  Jakarta


                                                                           Usia per 31 Desember 2025           74 tahun
                                                                           Age per December 31, 2025           74 years old




      Riwayat Penunjukan                                                    Riwayat Jabatan
      Appointment History                                                   Career Experience
      Diangkat menjadi Komisaris Independen berdasarkan                     •   Kepala Lembaga Sandi Negara (2002-2008)
      Keputusan RUPS Tahunan tanggal 07 Mei 2025 berdasarkan                •   Sekretaris Umum Lembaga Sandi Negara (2001-2002)
      Akta Pernyataan Keputusan Rapat Umum Pemegang Saham                   •   Head of the National Encryption Agency (2002-2008)
      No. 36 tanggal 19 Mei 2025                                            •   Secretary General of the National Encryption Agency
      Appointed as Independent Commissioner pursuant to the                     (2001-2002)
      Annual GMS Resolution dated May 7, 2025, based on the
      Deed of Statement of the General Meeting of Shareholders
      Resolution No. 36 dated May 19, 2025                                  Riwayat Pendidikan
                                                                            Educational Background
                                                                            •   Akademi Angkatan Bersenjata Republik Indonesia (1973)
      Periode Menjabat
                                                                            •   Ahli Sandi dan Akademi Sandi Negara (1980)
      Term of Office
                                                                            •   S1 Ekonomi dari Universitas Borobudur (2004)
      Periode menjabat sejak 07 Mei 2025 sampai dengan penutupan            •   Indonesian Military Academy (AKABRI) (1973)
      RUPS Tahunan Tahun 2030 (periode pertama)                             •   State Cryptography Academy (Cryptography Expert Level
      Term of office from May 7, 2025, until the closing of the 2030
                                                                                III) (1980)
      Annual GMS (first term)
                                                                            •   Bachelor’s degree in Economics from Borobudur University
                                                                                (2004)
      Jabatan Rangkap
      Concurrent Positions
      Di Perseroan:                                                         Kepemilikan Saham JSMR
      • Ketua Komite Nominasi dan Remunerasi PT Jasa Marga                  Share Ownership in JSMR
          (Persero) Tbk (Juni 2025 - Sekarang)                              Tidak memiliki saham Perseroan pada awal dan akhir tahun buku
      • Anggota Komite Tata Kelola Terintegrasi PT Jasa Marga               Does not own any shares in the Company at the beginning and
          (Persero) Tbk (Juni 2025 - Sekarang)                              end of the fiscal year
      Di Luar Perseroan:
      -
                                                                            Hubungan Afiliasi
      In the Company:                                                       Affiliated Relation
      • Chairman of the Nomination and Remuneration Committee               Tidak memiliki hubungan afiliasi dengan anggota Dewan
           of PT Jasa Marga (Persero) Tbk (June 2025 - Present)             Komisaris lainnya, pemegang saham utama, dan pengendali
      • Member of the Integrated Governance Committee of                    baik langsung maupun tidak langsung sampai kepada pemilik
           PT Jasa Marga (Persero) Tbk (June 2025 - Present)                individu
      Outside the Company:                                                  No affiliation with other members of the Board of
      -                                                                     Commissioners, major shareholders, or controllers, either
                                                                            directly or indirectly, up to the individual owners




136                                                                              Laporan Tahunan 2025 Annual Report       PT Jasa Marga (Persero) Tbk
Page 137
06                               07                                     08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




                                                                    Rudi Antariksawan
                                                                    Komisaris Independen
                                                                    Independent Commissioner


                                                                       Kewarganegaraan                               Domisili
                                                                       Nationality                                   Domicile
                                                                       Warga Negara Indonesia                        Jakarta
                                                                       Indonesian                                    Jakarta


                                                                       Usia per 31 Desember 2025                59 tahun
                                                                       Age per December 31, 2025                59 years old




     Riwayat Penunjukan                                                   Riwayat Jabatan
     Appointment History                                                  Career Experience
     Diangkat menjadi Komisaris Independen berdasarkan                    •    Widyaiswara Kepolisian Utama Tingkat I Sekolah Staf dan
     Keputusan RUPS Tahunan tanggal 07 Mei 2025 berdasarkan                    Pimpinan Lembaga Pendidikan dan Pelatihan Kepolisian
     Akta Pernyataan Keputusan Rapat Umum Pemegang Saham                       Negara Republik Indonesia (2024)
     No. 36 tanggal 19 Mei 2025                                           •    Direktur Samapta Bhayangkara Badan Pemelihara
     Appointed as Independent Commissioner pursuant to the                     Keamanan Kepolisian Negara Republik Indonesia (2021)
     Annual GMS Resolution dated May 7, 2025, based on the                •    Senior Police Instructor Level I at the Staff and Leadership
     Deed of Statement of the General Meeting of Shareholders                  School of the Indonesian National Police Education and
     Resolution No. 36 dated May 19, 2025                                      Training Institution (2024)
                                                                          •    Director of Samapta Bhayangkara, Security Maintenance
     Periode Menjabat                                                          Agency of the Indonesian National Police (2021)
     Term of Office
     Periode menjabat sejak 07 Mei 2025 sampai dengan penutupan           Riwayat Pendidikan
     RUPS Tahunan Tahun 2030 (periode pertama)                            Educational Background
     Term of office from May 7, 2025, until the closing of the 2030       •    S1 Akademi Kepolisian (1989)
     Annual GMS (first term)
                                                                          •    S2 Kajian Ilmu Kepolisian dari Universitas Indonesia (2004)
                                                                          •    S3 Kriminolog dari Universitas Indonesia (2019)
                                                                          •    Bachelor’s degree from Police Academy (1989)
     Jabatan Rangkap
                                                                          •    Master’s degree in Police Science from the University of
     Concurrent Positions
                                                                               Indonesia (2004)
     Di Perseroan:                                                        •    Doctorate in Criminology from the University of Indonesia
     • Ketua Komite Audit PT Jasa Marga (Persero) Tbk                          (2019)
         (Januari 2026 - Sekarang)
     • Anggota Komite Tata Kelola Terintegrasi PT Jasa Marga
         (Persero) Tbk (Juni 2025 - Sekarang)                             Kepemilikan Saham JSMR
                                                                          Share Ownership in JSMR
     Di Luar Perseroan:
     -                                                                    Tidak memiliki saham Perseroan pada awal dan akhir tahun buku
                                                                          Does not own any shares in the Company at the beginning and
     In the Company:                                                      end of the fiscal year
     • Chairman of the Audit Committee of PT Jasa Marga
          (Persero) Tbk (January 2026 – present)
                                                                          Hubungan Afiliasi
     • Member of the Integrated Governance Committee of
                                                                          Affiliated Relation
          PT Jasa Marga (Persero) Tbk (June 2025-Present)
                                                                          Tidak memiliki hubungan afiliasi dengan anggota Dewan
     Outside the Company:                                                 Komisaris lainnya, pemegang saham utama, dan pengendali
     -                                                                    baik langsung maupun tidak langsung sampai kepada pemilik
                                                                          individu
                                                                          No affiliation with other members of the Board of
                                                                          Commissioners, major shareholders, or controllers, either
                                                                          directly or indirectly, up to the individual owners




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01                             02                       03                        04                                             05
Ikhtisar Kinerja Utama         Laporan Manajemen        Profil Perusahaan          Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights     Management Report        Company Profile            Management Discussion and Analysis             Business Support Functions




                                                                 Tedi Kurniawan
                                                                 Komisaris Independen
                                                                 Independent Commissioner


                                                                           Kewarganegaraan                             Domisili
                                                                           Nationality                                 Domicile
                                                                           Warga Negara Indonesia                      Jakarta
                                                                           Indonesian                                  Jakarta


                                                                           Usia per 31 Desember 2025           41 tahun
                                                                           Age per December 31, 2025           41 years old




      Riwayat Penunjukan                                                    Riwayat Jabatan
      Appointment History                                                   Career Experience
      Diangkat menjadi Komisaris Independen berdasarkan Keputusan           •   Staf Khusus Menteri Perhubungan (2025)
      RUPS Luar Biasa tanggal 17 Desember 2025 berdasarkan Akta             •   Wakil Ketua DPRD Kabupaten Tanggamus (2019 – 2024)
      Pernyataan Keputusan Rapat Umum Pemegang Saham No. 47                 •   Special Staff to the Minister of Transportation (2025)
      tanggal 24 Desember 2025                                              •   Deputy Chair of the Tanggamus Regency Regional People’s
      Appointed as Independent Commissioner pursuant to the                     Representative Council (2019–2024)
      Extraordinary GMS Resolution dated December 17, 2025,
      based on the Deed of Statement of the General Meeting of
      Shareholders Resolution No. 47 dated December 24, 2025
                                                                            Riwayat Pendidikan
                                                                            Educational Background
                                                                            •   S1 Fakultas Ekonomi dari Universitas Bandar Lampung
      Periode Menjabat
                                                                                (2006)
      Term of Office
                                                                            •   Bachelor of Economics from Bandar Lampung University
      Periode menjabat sejak 17 Desember 2025 sampai dengan                     (2006)
      penutupan RUPS Tahunan Tahun 2030 (periode pertama)
      Term of office from December 17, 2025, until the closing of the
      2030 Annual GMS (first term)
                                                                            Kepemilikan Saham JSMR
                                                                            Share Ownership in JSMR
                                                                            Tidak memiliki saham Perseroan pada awal dan akhir tahun buku
      Jabatan Rangkap                                                       Does not own any shares in the Company at the beginning and
      Concurrent Positions                                                  end of the fiscal year
      Di Perseroan:
      • Anggota Komite Audit PT Jasa Marga (Persero) Tbk
          (2025-Sekarang)                                                   Hubungan Afiliasi
      • Anggota Komite Tata Kelola Terintegrasi PT Jasa Marga               Affiliated Relation
          (Persero) Tbk (2025-Sekarang)                                     Tidak memiliki hubungan afiliasi baik dengan anggota Direksi,
                                                                            anggota Dewan Komisaris lainnya, maupun dengan pemegang
      Di Luar Perseroan:
                                                                            saham pengendali dan utama
      -
                                                                            No affiliation with other members of the Board of
      In the Company:                                                       Commissioners, major shareholders, or controllers, either
      • Member of the Audit Committee of PT Jasa Marga                      directly or indirectly, up to the individual owners
           (Persero) Tbk (2025-Present)
      • Member of the Integrated Governance Committee
           of PT Jasa Marga (Persero) Tbk (2025-Present)

      Outside the Company:
      -




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06                               07                                      08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




Profil Direksi
Profile of the Board of Directors



                                                                    Rivan A. Purwantono
                                                                    Direktur Utama
                                                                    President Director


                                                                         Kewarganegaraan                              Domisili
                                                                         Nationality                                  Domicile
                                                                         Warga Negara Indonesia                       Jakarta
                                                                         Indonesian                                   Jakarta


                                                                         Usia per 31 Desember 2025               59 tahun
                                                                         Age per December 31, 2025               59 years old




                                                                           • Honorary Lecturer at Sultan Agung Islamic University,
     Riwayat Penunjukan                                                      Semarang (2024–present)
     Appointment History                                                   • Chair of the Legal & Advocacy Division of the Certified
     Diangkat menjadi Direktur Utama berdasarkan Keputusan RUPS              Wealth Manager’s Association (2007–present)
     Tahunan tanggal 07 Mei 2025 berdasarkan Akta Pernyataan
     Keputusan Rapat Umum Pemegang Saham No. 36 tanggal 19                 Riwayat Jabatan
     Mei 2025                                                              Career Experience
     Appointed as President Director pursuant to the Annual GMS
                                                                           • Direktur Utama PT Asuransi Kerugian Jasa Raharja
     Resolution dated May 7, 2025, based on the Deed of Statement
                                                                             (2021-2025)
     of the General Meeting of Shareholders Resolution No. 36
                                                                           • Direktur Utama PT Bank Bukopin (2020-2021)
     dated May 19, 2025
                                                                           • President Director of PT Asuransi Kerugian Jasa Raharja
                                                                             (2021-2025)
     Periode Menjabat
                                                                           • President Director of PT Bank Bukopin (2020-2021)
     Term of Office
     Periode menjabat sejak 07 Mei 2025 sampai dengan penutupan
                                                                           Riwayat Pendidikan
     RUPS Tahunan Tahun 2030 (periode pertama)
                                                                           Educational Background
     Term of office from May 7, 2025, until the closing of the 2030
     Annual GMS (first term)                                               • S1 Universitas Gadjah Mada (1991)
                                                                           • S1 Universitas 17 Agustus 1945 Semarang (2023)
                                                                           • S2 Bidang Hukum dari Universitas Pelita Harapan (2003)
     Jabatan Rangkap
                                                                           • S3 Bidang Hukum dari Universitas Sultan Agung (2023)
     Concurrent Positions
                                                                           • Bachelor’s Degree from Gadjah Mada University (1991)
     Di Perseroan:                                                         • Bachelor’s Degree from 17 Agustus 1945 University, Semarang
     -
                                                                             (2023)
     Di Luar Perseroan:                                                    • Master’s Degree in Law from Pelita Harapan University (2003)
     • Ketua Umum Asosiasi Jalan Tol Indonesia (2025 - sekarang)           • Doctorate in Law from Sultan Agung University (2023)
     • Wakil Ketua Masyarakat Transportasi Indonesia (2021 - 2025)
     • Komite Audit Universitas Gadjah Mada (2019 - sekarang)              Kepemilikan Saham JSMR
     • Dosen Universitas Gadjah Mada (2024 - sekarang)
                                                                           Share Ownership in JSMR
     • Dosen Kehormatan Universitas Islam Sultan Agung Semarang
        (2024 - sekarang)                                                  Tidak memiliki saham Perseroan pada awal dan akhir tahun buku
     • Ketua Bidang Hukum & Advokasi Certified Wealth Managerʼs            Does not own any shares in the Company at the beginning and
        Association (2007 - sekarang)                                      end of the fiscal year

     In the Company:                                                       Hubungan Afiliasi
     -
                                                                           Affiliated Relation
     Outside the Company:                                                  Tidak memiliki hubungan afiliasi dengan anggota Dewan
     • Chairman of the Indonesian Toll Road Association (2025–             Komisaris lainnya, pemegang saham utama, dan pengendali
       present)                                                            baik langsung maupun tidak langsung sampai kepada pemilik
     • Vice Chairman of the Indonesian Transportation Society              individu
       (2021–2025)                                                         No affiliation with other members of the Board of
     • Audit Committee of Gadjah Mada University (2019–present)
                                                                           Commissioners, major shareholders, or controllers, either
     • Lecturer at Gadjah Mada University (2024–present)
                                                                           directly or indirectly, up to the individual owners




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                       139
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01                             02                       03                       04                                             05
Ikhtisar Kinerja Utama         Laporan Manajemen        Profil Perusahaan         Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights     Management Report        Company Profile           Management Discussion and Analysis             Business Support Functions




                                                                Reza Febriano
                                                                Direktur Bisnis
                                                                Director of Business


                                                                        Kewarganegaraan                               Domisili
                                                                        Nationality                                   Domicile
                                                                        Warga Negara Indonesia                        Jakarta
                                                                        Indonesian                                    Jakarta


                                                                        Usia per 31 Desember 2025             46 tahun
                                                                        Age per December 31, 2025             46 years old




      Riwayat Penunjukan                                                   Riwayat Pendidikan
      Appointment History                                                  Educational Background
      Diangkat sebagai Direktur Bisnis berdasarkan Keputusan               •   S1 Ilmu Pemerintahan dari Universitas Padjadjaran (2002)
      RUPS Luar Biasa tanggal 22 Desember 2021 berdasarkan Akta            •   S1 Teknik Sipil dari Universitas Katolik Parahyangan (2003)
      Pernyataan Keputusan Rapat Umum Pemegang Saham No. 53                •   S2 Teknik Sipil dari Universitas Indonesia (2007)
      tanggal 24 Desember 2021                                             •   S2 Manajemen dari PPM School of Management (2021)
      Appointed as Director of Business pursuant to the Extraordinary      •   Program Profesi Insinyur dari Universitas Indonesia (2025)
      GMS Resolution dated December 22, 2021, based on the                 •   Bachelor’s degree in Public Administration from Padjadjaran
      Deed of Statement of the General Meeting of Shareholders                 University (2002)
      Resolution No. 53 dated December 24, 2021                            •   Bachelor’s degree in Civil Engineering from Parahyangan
                                                                               Catholic University (2003)
      Periode Menjabat                                                     •   Master’s degree in Civil Engineering from the University of
      Term of Office                                                           Indonesia (2007)
      Periode menjabat sejak 22 Desember 2021 sampai dengan                •   Master’s degree in Management from PPM School of
      penutupan RUPS Tahunan Tahun 2026 (periode pertama)                      Management (2021)
      Term of office from December 22, 2021, until the closing of the      •   Engineering Professional Program from the University of
      2026 Annual GMS (first term)                                             Indonesia (2025)


      Jabatan Rangkap                                                      Kepemilikan Saham JSMR
      Concurrent Positions                                                 Share Ownership in JSMR
      Di Perseroan/In the Company:                                         560.200 lembar saham (0,0077185%)
      -                                                                    560,200 shares (0.0077185%)
      Di Luar Perseroan/Outside the Company:
      -
                                                                           Hubungan Afiliasi
      Riwayat Jabatan                                                      Affiliated Relation
      Career Experience                                                    Tidak memiliki hubungan afiliasi dengan anggota Dewan
      •    Komisaris Utama PT Jasamarga Transjawa Tol                      Komisaris lainnya, pemegang saham utama, dan pengendali
           (Februari 2023 - Maret 2023)                                    baik langsung maupun tidak langsung sampai kepada pemilik
      •    Corporate Secretary PT Jasa Marga (Persero) Tbk                 individu
           (Juni 2021 - Desember 2021)                                     No affiliation with other members of the Board of
      •    President Commissioner of PT Jasamarga Transjawa Tol            Commissioners, major shareholders, or controllers, either
           (February 2023 - March 2023)                                    directly or indirectly, up to the individual owners
      •    Corporate Secretary of PT Jasa Marga (Persero) Tbk
           (June 2021 - December 2021)




140                                                                             Laporan Tahunan 2025 Annual Report       PT Jasa Marga (Persero) Tbk
Page 141
06                               07                                      08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




                                                                    Yoga Tri Anggoro
                                                                    Direktur Human Capital & Transformasi
                                                                    Director of Human Capital & Transformation


                                                                         Kewarganegaraan                              Domisili
                                                                         Nationality                                  Domicile
                                                                         Warga Negara Indonesia                       Jakarta
                                                                         Indonesian                                   Jakarta


                                                                         Usia per 31 Desember 2025               39 tahun
                                                                         Age per December 31, 2025               39 years old




     Riwayat Penunjukan                                                    Riwayat Pendidikan
     Appointment History                                                   Educational Background
     Diangkat sebagai Direktur Human Capital & Transformasi                •    S1 Teknik Industri dari Universitas Gadjah Mada (2008)
     berdasarkan Keputusan RUPS Tahunan tanggal 07 Mei                     •    S2 Magister Manajemen dari Universitas Indonesia (2023)
     2025 berdasarkan Akta Pernyataan Keputusan Rapat Umum                 •    Bachelor’s degree in Industrial Engineering from Gadjah
     Pemegang Saham No. 36 tanggal 19 Mei 2025                                  Mada University (2008)
     Appointed as Director of Human Capital and Transformation             •    Master’s degree in Management from the University of
     pursuant to the Annual GMS Resolution dated May 7, 2025,                   Indonesia (2023)
     based on the Deed of Statement of the General Meeting of
     Shareholders Resolution No. 36 dated May 19, 2025
                                                                           Kepemilikan Saham JSMR
                                                                           Share Ownership in JSMR
     Periode Menjabat
     Term of Office                                                        Tidak memiliki saham Perseroan pada awal dan akhir tahun buku
                                                                           Does not own any shares in the Company at the beginning and
     Periode menjabat sejak 07 Mei 2025 sampai dengan penutupan
                                                                           end of the fiscal year
     RUPS Tahunan Tahun 2030 (periode pertama)
     Term of office from May 7, 2025, until the closing of the 2030
     Annual GMS (first term)
                                                                           Hubungan Afiliasi
                                                                           Affiliated Relation

     Jabatan Rangkap                                                       Tidak memiliki hubungan afiliasi dengan anggota Dewan
     Concurrent Positions                                                  Komisaris lainnya, pemegang saham utama, dan pengendali
                                                                           baik langsung maupun tidak langsung sampai kepada pemilik
     Di Perseroan/In the Company:
                                                                           individu
     -
                                                                           No affiliation with other members of the Board of
     Di Luar Perseroan/Outside the Company:
                                                                           Commissioners, major shareholders, or controllers, either
     -
                                                                           directly or indirectly, up to the individual owners


     Riwayat Jabatan
     Career Experience
     •   Direktur Utama PT Jasamarga Tollroad Operator
         (2022-2025)
     •   Direktur Operasi PT Jasamarga Tollroad Operator
         (2019-2022)
     •   President Director of PT Jasamarga Tollroad
         Operator (2022-2025)
     •   Director of Operations at PT Jasamarga Tollroad
         Operator (2019-2022)




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01                             02                       03                       04                                             05
Ikhtisar Kinerja Utama         Laporan Manajemen        Profil Perusahaan         Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights     Management Report        Company Profile           Management Discussion and Analysis             Business Support Functions




                                                               Fitri Wiyanti
                                                               Direktur Operasi
                                                               Director of Operations


                                                                       Kewarganegaraan                                Domisili
                                                                       Nationality                                    Domicile
                                                                       Warga Negara Indonesia                         Jakarta
                                                                       Indonesian                                     Jakarta


                                                                       Usia per 31 Desember 2025              51 tahun
                                                                       Age per December 31, 2025              51 years old




      Riwayat Penunjukan                                                   Riwayat Jabatan
      Appointment History                                                  Career Experience
      •    Diangkat menjadi Direktur Operasi pada RUPS Tahunan             •   Komisaris Utama PT Jasamarga Tollroad Operator
           tanggal 11 Juni 2020 berdasarkan Akta Pernyataan                    (September 2020-Maret 2023)
           Keputusan Rapat Umum Pemegang Saham No. 41 tanggal              •   Operation and Maintenance Management Group Head
           15 Juni 2020                                                        (2019-2020)
      •    Diangkat sebagai Direktur Operasi dan Layanan                   •   President Commissioner of PT Jasamarga Tollroad
           berdasarkan Keputusan RUPS Tahunan tanggal 07 Mei                   Operator (September 2020–March 2023)
           2025 berdasarkan Akta Pernyataan Keputusan Rapat                •   Operation and Maintenance Management Group Head
           Umum Pemegang Saham No. 36 tanggal 19 Mei 2025                      (2019–2020)
      •    Perubahan Nomenklatur jabatan sebagai Direktur Operasi
           berdasarkan Keputusan RUPS Luar Biasa tanggal 17
           Desember 2025 berdasarkan Akta Pernyataan Keputusan             Riwayat Pendidikan
           Rapat Umum Pemegang Saham Luar Biasa No. 47 tanggal             Educational Background
           24 Desember 2025                                                S1 Teknik Mesin dari Universitas Indonesia (1997)
      •    Appointed as Director of Operations pursuant to the             Bachelor’s degree in Mechanical Engineering from the
           Annual GMS Resolution dated June 11, 2020, based on the         University of Indonesia (1997)
           Deed of Statement of the General Meeting of Shareholders
           Resolution No. 41 dated June 15, 2020
      •    Appointed as Director of Operations and Services pursuant       Kepemilikan Saham JSMR
           to the Annual GMS Resolution dated May 7, 2025, based           Share Ownership in JSMR
           on the Deed of Statement of the General Meeting of
                                                                           587.800 lembar saham (0,0080988%)
           Shareholders Resolution No. 36 dated May 19, 2025
                                                                           587,800 shares (0.0080988%)
      •    Change in the nomenclature of the position of Director of
           Operations based on the Extraordinary GMS Resolution
           dated December 17, 2025, based on the Deed of Statement         Hubungan Afiliasi
           of Extraordinary General Meeting of Shareholders                Affiliated Relation
           Resolution No. 47 dated December 24, 2025
                                                                           Tidak memiliki hubungan afiliasi dengan anggota Dewan
                                                                           Komisaris lainnya, pemegang saham utama, dan pengendali
      Periode Menjabat                                                     baik langsung maupun tidak langsung sampai kepada pemilik
      Term of Office                                                       individu
                                                                           No affiliation with other members of the Board of
      Periode Menjabat sejak 7 Mei 2025 sampai dengan penutupan
                                                                           Commissioners, major shareholders, or controllers, either
      RUPS Tahunan Tahun 2030 (periode kedua)
                                                                           directly or indirectly, up to the individual owners
      Term of office from May 7, 2025, until the closing of the 2030
      Annual GMS (second term)


      Jabatan Rangkap
      Concurrent Positions
      Di Perseroan/In the Company:
      -
      Di Luar Perseroan/Outside the Company:
      -




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06                               07                                      08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




                                                                    Pramitha Wulanjani
                                                                    Direktur Keuangan dan Manajemen Risiko
                                                                    Director of Finance and Risk Management


                                                                        Kewarganegaraan                               Domisili
                                                                        Nationality                                   Domicile
                                                                        Warga Negara Indonesia                        Jakarta
                                                                        Indonesian                                    Jakarta


                                                                        Usia per 31 Desember 2025                38 tahun
                                                                        Age per December 31, 2025                38 years old




     Riwayat Penunjukan                                                    Riwayat Pendidikan
     Appointment History                                                   Educational Background
     Diangkat menjadi Direktur Keuangan dan Manajemen Risiko               S1 Akuntansi dari Universitas Gadjah Mada (2008)
     pada RUPS Luar Biasa pada tanggal 08 Februari 2023                    Bachelor’s degree in Accounting from Gadjah Mada University
     berdasarkan Akta Pernyataan Keputusan Rapat Umum                      (2008)
     Pemegang Saham No. 30 tanggal 14 Februari 2023
     Appointed as Director of Finance and Risk Management
     pursuant to the Extraordinary GMS Resolution dated February 8,        Kepemilikan Saham JSMR
     2023, based on the Deed of Statement of the General Meeting           Share Ownership in JSMR
     of Shareholders Resolution No. 30 dated February 14, 2023             289.200 lembar saham (0,0039846%)
                                                                           289,200 shares (0.0039846%)

     Periode Menjabat
     Term of Office                                                        Hubungan Afiliasi
     Periode Menjabat sejak 08 Februari 2023 sampai dengan                 Affiliated Relation
     penutupan RUPS Tahunan Tahun 2028 (periode pertama)                   Tidak memiliki hubungan afiliasi dengan anggota Dewan
     Term of office from February 8, 2023, until the closing of the        Komisaris lainnya, pemegang saham utama, dan pengendali
     2028 Annual GMS (first term)                                          baik langsung maupun tidak langsung sampai kepada pemilik
                                                                           individu
                                                                           No affiliation with other members of the Board of
     Jabatan Rangkap                                                       Commissioners, major shareholders, or controllers, either
     Concurrent Positions                                                  directly or indirectly, up to the individual owners
     Di Perseroan/In the Company:
     -
     Di Luar Perseroan/Outside the Company:
     -


     Riwayat Jabatan
     Career Experience
     •   Komisaris PT Pilar Sinergi BUMN Indonesia (Februari
         2023-Oktober 2023)
     •   Direktur Keuangan PT Jasamarga Transjawa Tol
         (2022-2023)
     •   Commissioner of PT Pilar Sinergi BUMN Indonesia
         (February 2023-October 2023)
     •   Director of Finance of PT Jasamarga Transjawa Toll
         (2022-2023)




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01                              02                       03                       04                                             05
Ikhtisar Kinerja Utama          Laporan Manajemen        Profil Perusahaan         Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report        Company Profile           Management Discussion and Analysis             Business Support Functions




                                                                Yaya Ruhiya
                                                                Direktur Layanan
                                                                Director of Services


                                                                        Kewarganegaraan                                Domisili
                                                                        Nationality                                    Domicile
                                                                        Warga Negara Indonesia                         Jakarta
                                                                        Indonesian                                     Jakarta


                                                                        Usia per 31 Desember 2025              59 tahun
                                                                        Age per December 31, 2025              59 years old




      Riwayat Penunjukan                                                    Riwayat Pendidikan
      Appointment History                                                   Educational Background
      Diangkat menjadi Direktur Layanan pada RUPS Luar Biasa                •   S1 Teknik Sipil dari Universitas Katolik Parahyangan (1990)
      tanggal 17 Desember 2025 berdasarkan Akta Pernyataan                  •   S2 Magister Sistem dan Teknik Jalan Raya dari Institut
      Keputusan Rapat Umum Pemegang Saham No. 47 tanggal                        Teknologi Bandung (1992)
      24 Desember 2025                                                      •   Bachelor’s Degree in Civil Engineering from Parahyangan
      Appointed as Director of Services at the Extraordinary GMS on             Catholic University (1990)
      December 17, 2025, based on the Deed of Statement of the              •   Master’s Degree in Highway Systems and Engineering from
      General Meeting of Shareholders No. 47 dated December 24,                 the Bandung Institute of Technology (1992)
      2025

                                                                            Kepemilikan Saham JSMR
      Periode Menjabat                                                      Share Ownership in JSMR
      Term of Office                                                        Tidak memiliki saham Perseroan pada awal dan akhir tahun
      Periode menjabat sejak 17 Desember 2025 sampai dengan                 buku
      penutupan RUPS Tahunan Tahun 2030 (periode pertama)                   Does not own any shares in the Company at the beginning and
      Term of office from December 17, 2025 until the closing of the        end of the fiscal year
      2030 Annual GMS (first term)


                                                                            Hubungan Afiliasi
      Jabatan Rangkap
                                                                            Affiliated Relation
      Concurrent Positions
                                                                            Tidak memiliki hubungan afiliasi dengan anggota Dewan
      Di Perseroan/In the Company:
                                                                            Komisaris lainnya, pemegang saham utama, dan pengendali
      -
                                                                            baik langsung maupun tidak langsung sampai kepada pemilik
      Di Luar Perseroan/Outside the Company:
                                                                            individu
      -
                                                                            No affiliation with other members of the Board of
                                                                            Commissioners, major shareholders, or controllers, either
      Riwayat Jabatan                                                       directly or indirectly, up to the individual owners
      Career Experience
      •    Direktur Utama PT Cibitung Tanjung Priok Port Tollways
           (2024-2025)
      •    Direktur Teknik dan Operasi PT Cibitung Tanjung Priok Port
           Tollways (2021-2024)
      •    Chief Executive Officer of PT Cibitung Tanjung Priok Port
           Tollways (2024–2025)
      •    Technical and Operations Director of PT Cibitung Tanjung
           Priok Port Tollways (2021–2024)




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




                                                                    Ari Respati
                                                                    Direktur Pengembangan Usaha
                                                                    Director of Business Development


                                                                        Kewarganegaraan                               Domisili
                                                                        Nationality                                   Domicile
                                                                        Warga Negara Indonesia                        Jakarta
                                                                        Indonesian                                    Jakarta


                                                                        Usia per 31 Desember 2025                51 tahun
                                                                        Age per December 31, 2025                51 years old




     Riwayat Penunjukan                                                    Riwayat Pendidikan
     Appointment History                                                   Educational Background
     Diangkat menjadi Direktur Pengembangan Usaha pada RUPS                •    S1 Arsitektur dan Konstruksi Sains dari The University of
     Luar Biasa tanggal 17 Desember 2025 berdasarkan Akta                       Oklahoma (1998)
     Pernyataan Keputusan Rapat Umum Pemegang Saham No. 47                 •    S2 Manajemen Properti dari Arizona State University
     tanggal Desember 24, 2025                                                  (2000)
     Appointed as Director of Services at the Extraordinary GMS on         •    School of Hotel Administration, General Manager Program
     December 17, 2025, based on the Deed of Statement of the                   (GMP) dari Cornell University (2012)
     General Meeting of Shareholders No. 47 dated December 24,             •    Doctoral Candidate Fakultas Ilmu Administrasi dari
     2025                                                                       Universitas Brawijaya (2023)
                                                                           •    Bachelor of Science in Architecture and Construction, The
                                                                                University of Oklahoma (1998)
     Periode Menjabat
                                                                           •    Master of Science in Property Management, Arizona State
     Term of Office
                                                                                University (2000)
     Periode menjabat sejak 17 Desember 2025 sampai dengan                 •    School of Hotel Administration, General Manager
     penutupan RUPS Tahunan Tahun 2030 (periode pertama)                        Programme (GMP), Cornell University (2012)
     Term of office from December 17, 2025 until the closing of the        •    Doctoral Candidate, Faculty of Administrative Sciences,
     2030 Annual GMS (first term)                                               Brawijaya University (2023)



     Jabatan Rangkap                                                       Kepemilikan Saham JSMR
     Concurrent Positions                                                  Share Ownership in JSMR
     Di Perseroan/In the Company:                                          Tidak memiliki saham Perseroan pada awal dan akhir tahun
     -                                                                     buku
     Di Luar Perseroan/Outside the Company:                                Does not own any shares in the Company at the beginning and
     -                                                                     end of the fiscal year


     Riwayat Jabatan
                                                                           Hubungan Afiliasi
     Career Experience
                                                                           Affiliated Relation
     •   Direktur Utama ITDC (InJourney Tourism Development
                                                                           Tidak memiliki hubungan afiliasi dengan anggota Dewan
         Corporation) PT Pengembangan Pariwisata Indonesia
                                                                           Komisaris lainnya, pemegang saham utama, dan pengendali
         (Persero) (2022-2025)
                                                                           baik langsung maupun tidak langsung sampai kepada pemilik
     •   CEO & Founder AR Hospitality & Yats Colony Yogyakarta
                                                                           individu
         (2014-2022)
                                                                           No affiliation with other members of the Board of
     •   President Director of ITDC (InJourney Tourism
                                                                           Commissioners, major shareholders, or controllers, either
         Development Corporation) PT Pengembangan Pariwisata
                                                                           directly or indirectly, up to the individual owners
         Indonesia (Persero) (2022-2025)
     •   CEO & Founder of AR Hospitality & Yats Colony Yogyakarta
         (2014-2022)




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                       145
Page 146
01                                  02                             03                       04                                                   05
Ikhtisar Kinerja Utama              Laporan Manajemen              Profil Perusahaan         Analisa dan Pembahasan Manajemen                     Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report              Company Profile           Management Discussion and Analysis                   Business Support Functions




Profil Komite Audit
Profile of the Audit Committee

Pada tahun 2025, terdapat perubahan komposisi Komite                                  In 2025, there was a change in the composition of the
Audit Perseroan sesuai dengan Keputusan Dewan Komisaris                               Company’s Audit Committee in accordance with Board of
No. KEP-80/VI/2025 tanggal 05 Juni 2025. Kemudian                                     Commissioners Decision No. KEP-80/VI/2025 dated June 5,
diubah kembali berdasarkan Keputusan Dewan Komisaris                                  2025. This was subsequently amended based on Board of
No. KEP-005/I/2026 sehubungan dengan perubahan Dewan                                  Commissioners Decision No. KEP-005/I/2026 in connection
Komisaris Perseroan berdasarkan Rapat Umum Pemegang                                   with changes to the Company’s Board of Commissioners
Saham (RUPS) Luar Biasa tanggal 17 Desember 2025.                                     based on the Extraordinary General Meeting of Shareholders
Berdasarkan keputusan tersebut, komposisi Komite Audit                                (EGMS) on December 17, 2025. Based on this decision, the
Perseroan adalah sebagai berikut:                                                     composition of the Company’s Audit Committee is as follows:




                                             Rudi Antariksawan                                                                        Seppalga Ahmad*
                                             Ketua Komite Audit                                                                       Ketua Komite Audit
                                             Chairman of the Audit                                                                    Chairman of the Audit
                                             Committee                                                                                Committee


           Kewarganegaraan                                Domisili                               Kewarganegaraan                                     Domisili
           Nationality                                    Domicile                               Nationality                                         Domicile
   Warga Negara Indonesia                         Jakarta                               Warga Negara Indonesia                              Jakarta
   Indonesian                                     Jakarta                               Indonesian                                          Jakarta



           Usia per 31 Desember 2025                                                             Usia per 31 Desember 2025
           Age per December 31, 2025                                                             Age per December 31, 2025
   59 tahun                                                                             54 tahun
   59 years old                                                                         54 years old



           Dasar Hukum Pengangkatan                                                              Dasar Hukum Pengangkatan
           Legal Basis of Appointment                                                            Legal Basis of Appointment
   Menjadi Ketua Komite Audit sejak 19 Januari 2026 berdasarkan                         Menjadi Ketua Komite Audit sejak 05 Juni 2025 berdasarkan
   Keputusan Dewan Komisaris Jasa Marga No. KEP-005/I/2026                              Keputusan Dewan Komisaris Jasa Marga No. KEP-80/VI/2025
   Appointed as Chairman of the Audit Committee as of January                           Appointed as Chairman of the Audit Committee as of June
   19, 2026, pursuant to the Board of Commissioners Decree of                           5, 2025, pursuant to the Board of Commissioners Decree of
   Jasa Marga No. KEP-005/I/2026                                                        Jasa Marga No. KEP-80/VI/2025



           Periode Menjabat                                                                      Periode Menjabat
           Term of Office                                                                        Term of Office
   Sejak 19 Januari 2026 sampai berakhirnya masa jabatan                                Sejak 05 Juni 2025 sampai berakhirnya masa jabatan
   sebagai Komisaris Independen PT Jasa Marga (Persero) Tbk                             sebagai Komisaris Independen PT Jasa Marga (Persero) Tbk
   From January 19, 2026, until the end of the term as                                  From June 5, 2025, until the end of the term as Independent
   Independent Commissioner of PT Jasa Marga (Persero) Tbk                              Commissioner of PT Jasa Marga (Persero) Tbk



   Profil lengkap dapat dilihat di bagian Profil Dewan Komisaris.                       Profil lengkap dapat dilihat di bagian Profil Dewan Komisaris.
   Full profile available in the Board of Commissioners Profile section.                Full profile available in the Board of Commissioners Profile section.


                                                                                        *) Berakhir menjabat sebagai ketua komite audit sebagaimana telah berakhirnya masa
                                                                                          jabatan sebagai Komisaris Independen.
                                                                                        *) Ended his term as chairman of the audit committee upon the expiry of his term as
                                                                                          Independent Commissioner.




146                                                                                        Laporan Tahunan 2025 Annual Report               PT Jasa Marga (Persero) Tbk
Page 147
06                                    07                                   08
Tata Kelola Perusahaan                Tanggung Jawab Sosial Perusahaan     Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance             Corporate Social Responsibility      Reference of POJK, SEOJK, and ARA Criteria




                                            Tedi Kurniawan                                                              Siti Purnama Rizki
                                            Anggota Komite Audit                                                        Anggota Komite Audit
                                            Member of the Audit                                                         Member of the Audit
                                            Committee                                                                   Committee


          Kewarganegaraan                                Domisili                        Kewarganegaraan                            Domisili
          Nationality                                    Domicile                        Nationality                                Domicile
   Warga Negara Indonesia                        Jakarta                        Warga Negara Indonesia                       Jakarta
   Indonesian                                    Jakarta                        Indonesian                                   Jakarta


          Usia per 31 Desember 2025                                                      Usia per 31 Desember 2025
          Age per December 31, 2025                                                      Age per December 31, 2025
                                                                                37 tahun
   41 tahun
                                                                                37 years old
   41 years old


          Dasar Hukum Pengangkatan                                                       Dasar Hukum Pengangkatan
          Legal Basis of Appointment                                                     Legal Basis of Appointment
   Menjadi Anggota Komite Audit sejak 19 Januari 2026 berdasarkan               Menjadi Anggota Komite Audit sejak 02 Oktober 2023 berdasarkan
   Keputusan Dewan Komisaris Jasa Marga No. KEP-005/I/2026                      Keputusan Dewan Komisaris No. KEP-125/X/2023
   Appointed as Member of the Audit Committee as of January 19,                 Appointed as Member of the Audit Committee as of October 2,
   2026, pursuant to the Board of Commissioners Decree of                       2023, pursuant to the Board of Commissioners Decree No. KEP-
   Jasa Marga No. KEP-005/I/2026                                                125/X/2023


          Periode Menjabat                                                               Periode Menjabat
          Term of Office                                                                 Term of Office
   Sejak 19 Januari 2026 sampai berakhirnya masa jabatan sebagai                Sejak 02 Oktober 2023 sampai dengan 01 Oktober 2026
   Komisaris Independen PT Jasa Marga (Persero) Tbk                             From October 2, 2023, to October 1, 2026
   From January 19, 2026, until the end of the term as Independent
   Commissioner of PT Jasa Marga (Persero) Tbk                                           Jabatan Rangkap
                                                                                         Concurrent Positions
                                                                                Tidak memiliki jabatan rangkap
   Profil lengkap dapat dilihat di bagian Profil Dewan Komisaris.               No concurrent positions
   Full profile available in the Board of Commissioners Profile section.
                                                                                         Riwayat Jabatan
                                                                                         Career Experience
                                                                                •   Komite Audit BPJS Kesehatan (2020-2022)
                                                                                •   Assistant Manager Audit Deloitte Indonesia (2018-2019)
                                                                                •   Audit Committee, BPJS Kesehatan (2020–2022)
                                                                                •   Assistant Manager, Audit, Deloitte Indonesia (2018–2019)


                                                                                         Riwayat Pendidikan
                                                                                         Educational Background
                                                                                • Sarjana Akuntansi, Sekolah Tinggi Ekonomi dan Perbankan
                                                                                    Indonesia (2010)
                                                                                • Magister Akuntansi, Universitas Indonesia (2015)
                                                                                • Bachelor’s    degree    in   Accounting,   Indonesian   College   of
                                                                                    Economics and Banking (2010)
                                                                                • Master’s degree in Accounting, University of Indonesia (2015)


                                                                                         Kepemilikan Saham JSMR
                                                                                         Share Ownership in JSMR
                                                                                 Tidak memiliki saham Perseroan pada awal dan akhir tahun buku
                                                                                 Does not own any shares in the Company at the beginning and end
                                                                                 of the fiscal year


                                                                                         Hubungan Afiliasi
                                                                                         Affiliated Relation
                                                                                Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris
                                                                                lainnya, pemegang saham utama, dan pengendali baik langsung
                                                                                maupun tidak langsung sampai kepada pemilik individu
                                                                                No affiliation with other members of the Board of Commissioners,
                                                                                major shareholders, or controllers, either directly or indirectly, up to
                                                                                the individual owners



PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                                147
Page 148
01                               02                           03                       04                                        05
Ikhtisar Kinerja Utama           Laporan Manajemen            Profil Perusahaan         Analisa dan Pembahasan Manajemen          Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report            Company Profile           Management Discussion and Analysis        Business Support Functions




                                        Fibria Indriati Dwi Liestiawati
                                        Anggota Komite Audit
                                        Member of the Audit Committee




           Kewarganegaraan                                    Domisili                                             Usia per 31 Desember 2025
           Nationality                                        Domicile                                             Age per December 31, 2025
   Warga Negara Indonesia                            Depok                                                 48 tahun
   Indonesian                                        Depok                                                 48 years old



           Dasar Hukum Pengangkatan                                                     Periode Menjabat
           Legal Basis of Appointment                                                   Term of Office
   Menjadi Anggota Komite Audit sejak 03 Maret 2025 berdasarkan                  Sejak 03 Maret 2025 sampai dengan 02 Maret 2030
   Keputusan Dewan Komisaris No. KEP-035/III/2025                                From March 3, 2025, to March 2, 2030
   Appointed as Member of the Audit Committee as of March 3,
   2025, pursuant to the Board of Commissioners Decree No. KEP-
   035/III/2025


           Jabatan Rangkap
           Concurrent Positions
   Dosen Fakultas Ilmu           Administrasi   Universitas     Indonesia        Lecturer at the Faculty of Administrative Sciences, University of
   (2000 – sekarang)                                                             Indonesia (2000 – present)




           Riwayat Jabatan
           Career Experience
   •    Wakil Dekan Pendidikan, Penelitian dan Kemahasiswaan,                    •   Deputy Dean for Education, Research, and Student Affairs,
        Fakultas Ilmu Administrasi, Universitas Indonesia (2021-2025)                Faculty of Administrative Sciences, University of Indonesia
                                                                                     (2021–2025)
   •    Pjs. Kepala Program Pascasarjana Ilmu Administrasi Fakultas              •   Acting Head of the Graduate Program in Administrative
        Ilmu Administrasi, Universitas Indonesia (2021- 2025)                        Sciences, Faculty of Administrative Sciences, University of
                                                                                     Indonesia (2001-2025)



           Riwayat Pendidikan
           Educational Background
   •    Sarjana Administrasi Bisnis dari Universitas Indonesia (2000)            •   Bachelor’s degree Business Administration from the University
                                                                                     of Indonesia (2000)
   •    Magister Sains dari Universitas Indonesia (2005)                         •   Master’s degree in Sciences from the University of Indonesia
                                                                                     (2005)
   •    Doktor Ilmu Manajemen dari Sekolah Bisnis dan Manajemen                  •   Doctorate in Management from the School of Business and
        (SBM) Institut Teknologi Bandung (ITB) (2016)                                Management (SBM) at the Bandung Institute of Technology
                                                                                     (ITB) (2016)


           Kepemilikan Saham JSMR
           Share Ownership in JSMR
   Tidak memiliki saham Perseroan pada awal dan akhir tahun buku                 Does not own any shares in the Company at the beginning and
                                                                                 end of the fiscal year



           Hubungan Afiliasi
           Affiliated Relation
   Tidak memiliki hubungan afiliasi dengan anggota Dewan                         No affiliation with other members of the Board of Commissioners,
   Komisaris lainnya, pemegang saham utama, dan pengendali baik                  major shareholders, or controllers, either directly or indirectly, up
   langsung maupun tidak langsung sampai kepada pemilik individu                 to the individual owners




148                                                                                   Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
Page 149
06                                    07                                   08
Tata Kelola Perusahaan                Tanggung Jawab Sosial Perusahaan     Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance             Corporate Social Responsibility      Reference of POJK, SEOJK, and ARA Criteria




Profil Komite Nominasi dan Remunerasi
Profile of the Nomination and Remuneration Committee

Di tahun 2025, terdapat perubahan komposisi Komite                           In 2025, there was a change in the composition of the
Nominasi dan Remunerasi Perseroan sesuai dengan                              Company’s Nomination and Remuneration Committee per
Keputusan Dewan Komisaris No. KEP-81/VI/2025 tanggal 05                      the Board of Commissioners Decree No. KEP-81/VI/2025
Juni 2025. Dengan demikian, komposisi Komite Nominasi                        dated June 5, 2025. Thus, the composition of the Company’s
dan Remunerasi Perseroan hingga 31 Desember 2025                             Nomination and Remuneration Committee until December
adalah sebagai berikut:                                                      31, 2025, is as follows:




                                             Nachrowi Ramli                                                               Juri Ardiantoro
                                             Ketua Komite Nominasi                                                        Anggota Komite Nominasi
                                             dan Remunerasi                                                               dan Remunerasi
                                             Chairman of the                                                              Member of the Nomination
                                             Nomination and                                                               and Remuneration
                                             Remuneration Committee                                                       Committee


           Kewarganegaraan                                Domisili                      Kewarganegaraan                                Domisili
           Nationality                                    Domicile                      Nationality                                    Domicile
   Warga Negara Indonesia                         Jakarta                       Warga Negara Indonesia                         Jakarta
   Indonesian                                     Jakarta                       Indonesian                                     Jakarta



           Usia per 31 Desember 2025                                                    Usia per 31 Desember 2025
           Age per December 31, 2025                                                    Age per December 31, 2025
   74 tahun                                                                     52 tahun
   74 years old                                                                 52 years old



           Dasar Hukum Pengangkatan                                                     Dasar Hukum Pengangkatan
           Legal Basis of Appointment                                                   Legal Basis of Appointment
   Menjadi Ketua Komite Nominasi dan Remunerasi sejak 05 Juni                   Menjadi Anggota Komite Nominasi dan Remunerasi
   2025 berdasarkan Keputusan Dewan Komisaris Jasa Marga                        sejak 05 Juni 2025 berdasarkan Keputusan Dewan Komisaris
   No. KEP-81/VI/2025                                                           Jasa Marga No. KEP-81/VI/2025
   Appointed as Chairman of the Nomination and Remuneration                     Appointed as Member of the Nomination and Remuneration
   Committee as of June 5, 2025, pursuant to the Board of                       Committee as of June 5, 2025, pursuant to the Board of
   Commissioners Decree of Jasa Marga No. KEP-81/VI/2025                        Commissioners Decree of Jasa Marga No. KEP-81/VI/2025



           Periode Menjabat                                                             Periode Menjabat
           Term of Office                                                               Term of Office
   Sejak 05 Juni 2025 sampai berakhirnya masa jabatan                           Sejak 05 Juni 2025 sampai berakhirnya masa jabatan
   sebagai Komisaris Independen PT Jasa Marga (Persero) Tbk                     sebagai Komisaris Utama PT Jasa Marga (Persero) Tbk
   From June 5, 2025, until the end of the term as Independent                  From June 5, 2025, until the end of the term as President
   Commissioner of PT Jasa Marga (Persero) Tbk                                  Commissioner of PT Jasa Marga (Persero) Tbk



   Profil lengkap dapat dilihat di bagian Profil Dewan Komisaris.               Profil lengkap dapat dilihat di bagian Profil Dewan Komisaris.
   Full profile available in the Board of Commissioners Profile section.        Full profile available in the Board of Commissioners Profile section.




PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                                    149
Page 150
01                               02                        03                       04                                        05
Ikhtisar Kinerja Utama           Laporan Manajemen         Profil Perusahaan         Analisa dan Pembahasan Manajemen          Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report         Company Profile           Management Discussion and Analysis        Business Support Functions




                                        Partoyo
                                        Anggota Komite Nominasi dan Remunerasi
                                        Member of the Nomination and Remuneration
                                        Committee


           Kewarganegaraan                           Domisili                        Usia per 31 Desember 2025
           Nationality                               Domicile                        Age per December 31, 2025
   Warga Negara Indonesia                   Depok                             75 tahun
   Indonesian                               Depok                             75 years old



           Dasar Hukum Pengangkatan
           Legal Basis of Appointment
   Menjadi Anggota Komite Nominasi dan Remunerasi sejak 01 Juli               Appointed as Member of the Nomination and Remuneration
   2025 berdasarkan Keputusan Dewan Komisaris No. KEP-113/                    Committee as of July 1, 2025, pursuant to the Board of
   VII/2025                                                                   Commissioners Decree No. KEP-113/VII/2025



           Periode Menjabat                                                          Jabatan Rangkap
           Term of Office                                                            Concurrent Positions
   Sejak 01 Juli 2025 sampai dengan 1 Juli 2028                               Tidak memiliki jabatan rangkap
   From July 1, 2025, to July 1, 2028                                         No concurrent positions



           Riwayat Jabatan
           Career Experience
   •    Kepala Dinas Informasi dan Pengolahan Data TNI AD                     •   Head of the Indonesian Army Information and Data
        (2002-2006)                                                               Processing Service (2002-2006)
   •    Wakil Direktur Eksekutif Partai Demokrat (2015-2020)                  •   Deputy Executive Director of the Democratic Party
                                                                                  (2015-2020)



           Riwayat Pendidikan
           Educational Background
   •    Australia Defense Collage/ADC (2000)                                  •   Australia Defense College/ADC (2000)
   •    Pascasarjana Computer Science dari Naval Postgraduate                 •   Master’s degree in Computer Science from the Naval
        School (NPS), USA (1990)                                                  Postgraduate School (NPS), USA (1990)




           Kepemilikan Saham JSMR
           Share Ownership in JSMR
   Tidak memiliki saham Perseroan pada awal dan akhir tahun buku              Does not own any shares in the Company at the beginning and
                                                                              end of the fiscal year




           Hubungan Afiliasi
           Affiliated Relation
   Tidak memiliki hubungan afiliasi dengan anggota Dewan                      No affiliation with other members of the Board of Commissioners,
   Komisaris lainnya, pemegang saham utama, dan pengendali baik               major shareholders, or controllers, either directly or indirectly, up
   langsung maupun tidak langsung sampai kepada pemilik individu              to the individual owners




150                                                                                Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
Page 151
06                                 07                                 08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




                                        Fariz Alnizar
                                        Anggota Komite Nominasi dan Remunerasi
                                        Member of the Nomination and Remuneration
                                        Committee


          Kewarganegaraan                            Domisili                   Usia per 31 Desember 2025
          Nationality                                Domicile                   Age per December 31, 2025
   Warga Negara Indonesia                    Lamongan                   37 tahun
   Indonesian                                Lamongan                   37 years old



          Dasar Hukum Pengangkatan
          Legal Basis of Appointment
   Menjadi Anggota Komite Nominasi dan Remunerasi sejak 01 Juli         Appointed as Member of the Nomination and Remuneration
   2025 berdasarkan Keputusan Dewan Komisaris No. KEP-114/              Committee as of July 1, 2025, pursuant to the Board of
   VII/2025                                                             Commissioners Decree No. KEP-114/VII/2025



          Periode Menjabat                                                      Jabatan Rangkap
          Term of Office                                                        Concurrent Positions
   Sejak 01 Juli 2025 sampai dengan 30 Juni 2030                        Tidak memiliki jabatan rangkap
   From July 1, 2025, to June 30, 2030                                  No concurrent positions



          Riwayat Jabatan
          Career Experience
   •   Wakil Rektor Bidang Kemahasiswaan, Alumni dan Kehumasan          •    Vice Rector for Student Affairs, Alumni, and Public Relations
       Universitas Nahdlatul Ulama Indonesia/Unusia (2021-2025)              at the University of Nahdlatul Ulama Indonesia (2021-2025)
   •   Asisten Staf Khusus Presiden Republik Indonesia (2024)           •    Special Staff Assistant to the President of the Republic of
                                                                             Indonesia (2024)



          Riwayat Pendidikan
          Educational Background
   •   Sarjana Bahasa Arab dari Universitas Islam Negeri Sunan          •    Bachelor’s degree in Arabic Language from Sunan Ampel
       Ampel (2010)                                                          State Islamic University (2010)
   •   Magister Linguistik Terapan dari Universitas Negeri Jakarta      •    Master’s degree in Applied Linguistics from Jakarta State
       (2014)                                                                University (2014)
   •   Doktor Linguistik dari Universitas Gadjah Mada (2021)            •    Doctorate in Linguistics from Gadjah Mada University (2021)



          Kepemilikan Saham JSMR
          Share Ownership in JSMR
   Tidak memiliki saham Perseroan pada awal dan akhir tahun buku        Does not own any shares in the Company at the beginning and
                                                                        end of the fiscal year



          Hubungan Afiliasi
          Affiliated Relation
   Tidak memiliki hubungan afiliasi dengan anggota Dewan                No affiliation with other members of the Board of Commissioners,
   Komisaris lainnya, pemegang saham utama, dan pengendali baik         major shareholders, or controllers, either directly or indirectly, up
   langsung maupun tidak langsung sampai kepada pemilik individu        to the individual owners




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                       151
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01                                  02                             03                       04                                             05
Ikhtisar Kinerja Utama              Laporan Manajemen              Profil Perusahaan         Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report              Company Profile           Management Discussion and Analysis             Business Support Functions




Profil Komite Pemantau Risiko dan Hukum
Profile of the Risk Monitoring and Legal Committee

Pada tahun 2025, komposisi Komite Pemantau Risiko dan                                 In 2025, the composition of the Company’s Risk Monitoring
Hukum Perseroan mengalami perubahan berdasarkan                                       and Legal Committee underwent changes based on the
Keputusan Dewan Komisaris No. KEP-82/VI/2025 tanggal                                  Board of Commissioners Decree No. KEP-82/VI/2025 dated
05 Juni 2025. Adapun komposisi Komite Pemantau Risiko                                 June 5, 2025. The composition of the Risk Monitoring and
dan Hukum sampai dengan 31 Desember 2025 adalah                                       Legal Committee until December 31, 2025, is as follows:
sebagai berikut:




                                          Syamsul Bachri Yusuf                                                                 Asrorun Ni’am Sholeh
                                          Ketua Komite Pemantau                                                                Anggota Komite Pemantau
                                          Risiko dan Hukum                                                                     Risiko dan Hukum
                                          Chairman of the Risk                                                                 Member of the Risk
                                          Monitoring and Legal                                                                 Monitoring and Legal
                                          Committee                                                                            Committee


           Kewarganegaraan                                Domisili                              Kewarganegaraan                                Domisili
           Nationality                                    Domicile                              Nationality                                    Domicile
   Warga Negara Indonesia                         Jakarta                               Warga Negara Indonesia                         Depok
   Indonesian                                     Jakarta                               Indonesian                                     Depok



           Usia per 31 Desember 2025                                                            Usia per 31 Desember 2025
           Age per December 31, 2025                                                            Age per December 31, 2025
   45 tahun                                                                             49 tahun
   45 years old                                                                         49 years old



           Dasar Hukum Pengangkatan                                                             Dasar Hukum Pengangkatan
           Legal Basis of Appointment                                                           Legal Basis of Appointment
   Menjadi Ketua Komite Pemantau Risiko dan Hukum sejak                                 Menjadi Anggota Komite Pemantau Risiko dan Hukum sejak
   05 Juni 2025 berdasarkan Keputusan Dewan Komisaris Jasa                              05 Juni 2025 berdasarkan Keputusan Dewan Komisaris Jasa
   Marga No. KEP-82/VI/2025                                                             Marga No. KEP-82/VI/2025
   Appointed as Chairman of the Risk Monitoring and Legal                               Appointed as Member of the Risk Monitoring and Legal
   Committee as of June 5, 2025, pursuant to the Board of                               Committee as of June 5, 2025, pursuant to the Board of
   Commissioners Decree of Jasa Marga No. KEP-82/VI/2025                                Commissioners Decree of Jasa Marga No. KEP-82/VI/2025



           Periode Menjabat                                                                     Periode Menjabat
           Term of Office                                                                       Term of Office
   Sejak 05 Juni 2025 sampai berakhirnya masa jabatan                                   Sejak 05 Juni 2025 sampai berakhirnya masa jabatan
   sebagai Komisaris PT Jasa Marga (Persero) Tbk                                        sebagai Komisaris PT Jasa Marga (Persero) Tbk
   From June 5, 2025, until the end of the term as Commissioner                         From June 5, 2025, until the end of the term as Commissioner
   of PT Jasa Marga (Persero) Tbk                                                       of PT Jasa Marga (Persero) Tbk




   Profil lengkap dapat dilihat di bagian Profil Dewan Komisaris.                       Profil lengkap dapat dilihat di bagian Profil Dewan Komisaris.
   Full profile available in the Board of Commissioners Profile section.                Full profile available in the Board of Commissioners Profile section.




152                                                                                        Laporan Tahunan 2025 Annual Report          PT Jasa Marga (Persero) Tbk
Page 153
06                                 07                                  08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan    Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility     Reference of POJK, SEOJK, and ARA Criteria




                                   Mustolih Siradj
                                   Anggota Komite Pemantau Risiko dan Hukum
                                   Member of the Risk Monitoring and Legal Committee



          Kewarganegaraan                            Domisili                    Usia per 31 Desember 2025
          Nationality                                Domicile                    Age per December 31, 2025
   Warga Negara Indonesia                    Tangerang Selatan           45 tahun
   Indonesian                                South Tangerang             45 years old



          Dasar Hukum Pengangkatan
          Legal Basis of Appointment
   Menjadi Anggota Komite Pemantau Risiko dan Hukum sejak 01             Appointed as Member of the Risk Monitoring and Legal
   Juli 2025 berdasarkan Keputusan Dewan Komisaris No. KEP-117/          Committee as of July 1, 2025, pursuant to the Board of
   VII/2025                                                              Commissioners Decree No. KEP-117/VII/2025



          Periode Menjabat                                                       Jabatan Rangkap
          Term of Office                                                         Concurrent Positions
   Sejak 01 Juli 2025 sampai dengan 1 Juli 2028                          Dosen Fakultas Syariah dan Hukum UIN Syarif Hidayatullah
   From July 1, 2025, to July 1, 2028                                    Jakarta (2016 – sekarang)
                                                                         Lecturer at the Faculty of Sharia and Law, UIN Syarif Hidayatullah
                                                                         Jakarta (2016 – present)



          Riwayat Jabatan
          Career Experience
   •   Pengurus Pusat DPP Asosiasi Auditor Hukum Indonesia               •    Central Executive Board Member of the Indonesian Legal
       (ASAHI) (2023-2028)                                                    Auditors Association (ASAHI) (2023-2028)
   •   Wakil Ketua DPC PERADI Tangerang (2021-2026)                      •    Vice Chairperson of the Tangerang Branch of PERADI
                                                                              (2021-2026)



          Riwayat Pendidikan
          Educational Background
   •   S1 Syariah & Hukum dari Universitas Islam Negeri (UIN) Syarif     •    Bachelor’s degree Sharia & Law from Syarif Hidayatullah
       Hidayatullah Jakarta (2004)                                            Islamic State University (2004)
   •   S2 Ilmu Hukum, Konsentrasi Hukum Bisnis dari Universitas          •    Master’s degree in Laws, Concentration in Business Law
       Tarumanegara (2014)                                                    from Tarumanegara University (2014)
   •   S3 Hukum Bisnis dari Universitas Pelita Harapan (2025)            •    Doctorate in Business Law from Pelita Harapan University
                                                                              (2025)



          Kepemilikan Saham JSMR
          Share Ownership in JSMR
  Tidak memiliki saham Perseroan pada awal dan akhir tahun buku         Does not own any shares in the Company at the beginning and
                                                                        end of the fiscal year



          Hubungan Afiliasi
          Affiliated Relation
   Tidak memiliki hubungan afiliasi dengan anggota Dewan                 No affiliation with other members of the Board of Commissioners,
   Komisaris lainnya, pemegang saham utama, dan pengendali baik          major shareholders, or controllers, either directly or indirectly, up
   langsung maupun tidak langsung sampai kepada pemilik individu         to the individual owners




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                       153
Page 154
01                               02                        03                       04                                        05
Ikhtisar Kinerja Utama           Laporan Manajemen         Profil Perusahaan         Analisa dan Pembahasan Manajemen          Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report         Company Profile           Management Discussion and Analysis        Business Support Functions




                                      Erick
                                      Anggota Komite Pemantau Risiko dan Hukum
                                      Member of the Risk Monitoring and Legal Committee



           Kewarganegaraan                           Domisili                        Usia per 31 Desember 2025
           Nationality                               Domicile                        Age per December 31, 2025
   Warga Negara Indonesia                   Jakarta                           52 tahun
   Indonesian                               Jakarta                           52 years old


           Dasar Hukum Pengangkatan
           Legal Basis of Appointment
   Menjadi Anggota Komite Pemantau Risiko dan Hukum sejak 01                  Appointed as Member of the Risk Monitoring and Legal
   Juli 2025 berdasarkan Keputusan Dewan Komisaris No. KEP-118/               Committee as of July 1, 2025, pursuant to the Board of
   VII/2025                                                                   Commissioners Decree No. KEP-118/VII/2025


           Periode Menjabat                                                          Jabatan Rangkap
           Term of Office                                                            Concurrent Positions
   Sejak 01 Juli 2025 sampai dengan 1 Juli 2028                               •   Partner Kantor Jasa Penilai Publik (KJPP) Erick, Rikarnadi &
   From July 1, 2025, to July 1, 2028                                             Rekan (2018-Sekarang)
                                                                              •   Managing Partner JMT Law House (2005-Sekarang)
                                                                              •   Partner at Public Appraisal Services Firm (KJPP) Erick,
                                                                                  Rikarnadi & Partners (2018-Present)
                                                                              •   Managing Partner at JMT Law House (2005-Present)


           Riwayat Jabatan
           Career Experience
   •    Komisaris Utama PT Bank Jabar Banten Syariah (2014-2018)              •   President Commissioner at PT Bank Jabar Banten Syariah
                                                                                  (2014-2018)
   •    Anggota Komite Audit PT Bank Jabar Banten Syariah                     •   Member of the Audit Committee of PT Bank Jabar Banten
        (2012-2014)                                                               Syariah (2012-2014)


           Riwayat Pendidikan
           Educational Background
   •    Sarjana Ekonomi dari Universitas Indonesia (1997)                     •   Bachelor’s degree in Economics from the University of
                                                                                  Indonesia (1997)
   •    Sarjana Hukum Bisnis dan Perusahaan dari Universitas                  •   Bachelor’s degree in Business and Corporate Law from the
        Indonesia (2005)                                                          University of Indonesia (2005)
   •    Magister Manajemen Akuntansi dari Universitas Indonesia               •   Master’s degree in Accounting Management from the
        (2000)                                                                    University of Indonesia (2000)
   •    Doktor Filosofi dari Fakultas Hukum Universitas Kebangsaan            •   Doctorate in Philosophy from the Faculty of Law, National
        Malaysia (2019)                                                           University of Malaysia (2019)
   •    Doktor Manajemen dari Fakultas Ekonomi Universitas                    •   Doctorate in Management from the Faculty of Economics,
        Brawijaya (2021)                                                          Brawijaya University (2021)



           Kepemilikan Saham JSMR
           Share Ownership in JSMR
   Tidak memiliki saham Perseroan pada awal dan akhir tahun buku              Does not own any shares in the Company at the beginning and
                                                                              end of the fiscal year


           Hubungan Afiliasi
           Affiliated Relation
   Tidak memiliki hubungan afiliasi dengan anggota Dewan                      No affiliation with other members of the Board of Commissioners,
   Komisaris lainnya, pemegang saham utama, dan pengendali baik               major shareholders, or controllers, either directly or indirectly, up
   langsung maupun tidak langsung sampai kepada pemilik individu              to the individual owners




154                                                                                Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
Page 155
06                                 07                                        08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Profil Komite Tata Kelola Terintegrasi
Profile of the Integrated Governance Committee

Komposisi Komite Tata Kelola Terintegrasi Perseroan                            The composition of the Company’s Integrated Governance
ditetapkan berdasarkan Keputusan Dewan Komisaris                               Committee is determined based on the Board of
No. KEP-39/III/2024 tanggal 22 Maret 2024. Dewan                               Commissioners’ Decree No. KEP-39/III/2024 dated March
Komisaris PT Jasa Marga (Persero) Tbk membentuk Tata                           22, 2024. The Board of Commissioners of PT Jasa Marga
Kelola Terintegrasi dengan anggota yang terdiri dari seluruh                   (Persero) Tbk established an Integrated Governance with
Komisaris Induk, dimana ketua komite adalah Komisaris                          members consisting of all Parent Company Commissioners,
Utama Perseroan, dan seluruh Komisaris Utama Anak                              where the committee chair is the Company’s President
Perusahaan sebagai anggota komite.                                             Commissioner, and all Subsidiaries’ President Commissioners
                                                                               as committee members.

Adapun komposisi Komite Tata Kelola Terintegrasi sampai                        The composition of the Integrated Governance Committee
dengan 31 Desember 2025 adalah sebagai berikut:                                until December 31, 2025 is as follows:




                                 Juri Ardiantoro                                               Syamsul Bachri Yusuf
                     Ketua Komite Tata Kelola Terintegrasi                            Anggota Komite Tata Kelola Terintegrasi
               Chairman of the Integrated Governance Committee                     Member of the Integrated Governance Committee


                           Asrorun Ni’am Sholeh                                                    Nachrowi Ramli
                  Anggota Komite Tata Kelola Terintegrasi                             Anggota Komite Tata Kelola Terintegrasi
               Member of the Integrated Governance Committee                       Member of the Integrated Governance Committee


                             Rudi Antariksawan                                                     Tedi Kurniawan
                  Anggota Komite Tata Kelola Terintegrasi                             Anggota Komite Tata Kelola Terintegrasi
               Member of the Integrated Governance Committee                       Member of the Integrated Governance Committee




                            Dasar Hukum Pengangkatan           Keputusan Dewan Komisaris PT Jasa Marga (Persero) Tbk
                            Legal Basis of Appointment         No. KEP-39/III/2024 tanggal 22 Maret 2024.
                                                               Decision of the Board of Commissioners of PT Jasa Marga
                                                               (Persero) Tbk No. KEP-39/III/2024 dated March 22, 2024.


 Profil lengkap anggota komite yang merupakan anggota Dewan Komisaris Perseroan telah disajikan di uraian Profil Dewan Komisaris pada Laporan Tahunan Ini.
 The complete profiles of committee members who are members of the Company’s Board of Commissioners are presented in the Board of Commissioners Profile
                                                            section of this Annual Report.




PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                                                   155
Page 156
01                             02                           03                      04                                       05
Ikhtisar Kinerja Utama         Laporan Manajemen            Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights     Management Report            Company Profile          Management Discussion and Analysis       Business Support Functions




Berikut adalah profil anggota komite yang merupakan                            The following are the profiles of committee members who
Komisaris Utama dari anak perusahaan Jasa Marga:                               are the Chief Commissioners of Jasa Marga’s subsidiaries:




                                Arief Budhy Hardono                                                             Firman Yosafat Siregar
                                Anggota Komite Tata Kelola                                                      Anggota Komite Tata Kelola
                                Terintegrasi                                                                    Terintegrasi
                                Member of the Integrated                                                        Member of the Integrated
                                Governance Committee                                                            Governance Committee


           Kewarganegaraan                         Domisili                            Kewarganegaraan                          Domisili
           Nationality                             Domicile                            Nationality                              Domicile
   Warga Negara Indonesia                 Jakarta                                Warga Negara Indonesia                  Jakarta
   Indonesian                             Jakarta                                Indonesian                              Jakarta


           Usia per 31 Desember 2025                                                   Usia per 31 Desember 2025
           Age per December 31, 2025                                                   Age per December 31, 2025
   59 tahun                                                                      57 tahun
   59 years old                                                                  57 years old


           Dasar Hukum Pengangkatan                                                    Dasar Hukum Pengangkatan
           Legal Basis of Appointment                                                  Legal Basis of Appointment
   Keputusan Dewan Komisaris PT Jasa Marga (Persero) Tbk                         Keputusan Dewan Komisaris PT Jasa Marga (Persero) Tbk
   No. KEP-39/III/2024 tanggal 22 Maret 2024                                     No. KEP-39/III/2024 tanggal 22 Maret 2024
   Decision of the Board of Commissioners of PT Jasa Marga                       Decision of the Board of Commissioners of PT Jasa Marga
   (Persero) Tbk No. KEP-39/III/2024 dated March 22, 2024                        (Persero) Tbk No. KEP-39/III/2024 dated March 22, 2024


           Periode Menjabat                                                            Periode Menjabat
           Term of Office                                                              Term of Office
   Sejak 22 Maret 2024 sampai berakhirnya masa jabatan sebagai                   Sejak 22 Maret 2024 sampai berakhirnya masa jabatan sebagai
   Komisaris Utama PT Marga Sarana Jabar                                         Komisaris Utama PT Marga Trans Nusantara
   From March 22, 2024, until the end of the term as President                   From March 22, 2024, until the end of the term as President
   Commissioner of PT Marga Sarana Jabar                                         Commissioner of PT Marga Trans Nusantara


           Jabatan Rangkap                                                             Jabatan Rangkap
           Concurrent Positions                                                        Concurrent Positions
   • Komisaris Utama PT Marga Sarana Jabar                                       • Komisaris Utama PT Marga Trans Nusantara
   • Direktur Utama PT Citra Marga Nusaphala Persada Tbk                         • Komisaris Utama PT Marga Lingkar Jakarta
   • Anggota Direksi PT Citra Margatama Surabaya                                 • President Commissioner of PT Marga Trans Nusantara
   • President Commissioner of PT Marga Sarana Jabar                             • President Commissioner of PT Marga Lingkar Jakarta
   • President Director of PT Citra Marga Nusaphala Persada Tbk
   • Member of the Board of Directors of PT Citra Margatama
     Surabaya                                                                          Riwayat Jabatan
                                                                                       Career Experience
                                                                                 • Presiden Direktur PT Serasi Autoraya (2014-2022)
           Riwayat Jabatan                                                       • Direktur Keuangan PT Astra Honda Motor (2007-2014)
           Career Experience                                                     • President Director of PT Serasi Autoraya (2014–2022)
   • Presiden Direksi PT Pionirbeton Industri (2013-2018)                        • Finance Director of PT Astra Honda Motor (2007–2014)
   • Presiden Direksi PT Citra Margatama Surabaya (2013-2016)
   • President Director of PT Pionirbeton Industri (2013-2018)
   • President Director of PT Citra Margatama Surabaya                                 Riwayat Pendidikan
     (2013-2016)                                                                       Educational Background
                                                                                 • S1 Akuntansi Fakultas Ekonomi Universitas Indonesia (1992)
                                                                                 • Master of Business Administration General Management
           Riwayat Pendidikan                                                      Monash University (1999)
           Educational Background                                                • S2 Magister Management IPMI International Business School
   S1 Teknik Sipil, Universitas Indonesia                                          (1999)
   Bachelor of Civil Engineering, University of Indonesia                        • Bachelor of Accounting, Faculty of Economics, University of
                                                                                   Indonesia (1992)
                                                                                 • Master of Business Administration General Management
                                                                                   Monash University (1999)
                                                                                 • S2 Magister Management IPMI International Business School
                                                                                   (1999)




156                                                                                Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 157
06                                07                                   08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan     Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility      Reference of POJK, SEOJK, and ARA Criteria




                              Agung Prabowo                                                               Widiyatmiko Nursejati
                              Anggota Komite Tata Kelola                                                  Anggota Komite Tata Kelola
                              Terintegrasi                                                                Terintegrasi
                              Member of the Integrated                                                    Member of the Integrated
                              Governance Committee                                                        Governance Committee


          Kewarganegaraan                          Domisili                         Kewarganegaraan                         Domisili
          Nationality                              Domicile                         Nationality                             Domicile
  Warga Negara Indonesia                    Jakarta                         Warga Negara Indonesia                    Jakarta
  Indonesian                                Jakarta                         Indonesian                                Jakarta


          Usia per 31 Desember 2025                                                 Usia per 31 Desember 2025
          Age per December 31, 2025                                                 Age per December 31, 2025
  70 tahun                                                                  39 tahun
  70 years old                                                              39 years old



          Dasar Hukum Pengangkatan                                                  Dasar Hukum Pengangkatan
          Legal Basis of Appointment                                                Legal Basis of Appointment
  Keputusan Dewan Komisaris PT Jasa Marga (Persero) Tbk                     Keputusan Dewan Komisaris PT Jasa Marga (Persero) Tbk
  No. KEP-39/III/2024 tanggal 22 Maret 2024                                 No. KEP-39/III/2024 tanggal 22 Maret 2024
  Decision of the Board of Commissioners of PT Jasa Marga                   Decision of the Board of Commissioners of PT Jasa Marga
  (Persero) Tbk No. KEP-39/III/2024 dated March 22, 2024                    (Persero) Tbk No. KEP-39/III/2024 dated March 22, 2024



          Periode Menjabat                                                          Periode Menjabat
          Term of Office                                                            Term of Office
  Sejak 22 Maret 2024 sampai berakhirnya masa jabatan sebagai               Sejak 22 Maret 2024 sampai berakhirnya masa jabatan sebagai
  Komisaris Utama PT Jasamarga Kunciran Cengkareng                          Komisaris Utama PT Jasamarga Japek Selatan
  From March 22, 2024, until the end of the term as President               From March 22, 2024, until the end of the term as President
  Commissioner of PT Jasamarga Kunciran Cengkareng                          Commissioner of PT Jasamarga Japek Selatan

          Jabatan Rangkap                                                           Jabatan Rangkap
          Concurrent Positions                                                      Concurrent Positions
  • Komisaris Utama PT Jasamarga Kunciran Cengkareng                        • Komisaris Utama PT Jasamarga Japek Selatan
  • Direktur PT Selangis Hidro Energi                                       • Pelaksana tugas (Plt) Direktur Utama PT Marga Lingkar
  • President Commissioner of PT Jasamarga Kunciran                           Jakarta (MLJ)
    Cengkareng                                                              • Jasamarga Metropolitan Tollroad Regional Division Senior
  • Director of PT Selangis Hidro Energi                                      General Manager
                                                                            • President Commissioner of PT Jasamarga Japek Selatan
                                                                            • Acting Chief Executive Officer of PT Marga Lingkar Jakarta
          Riwayat Jabatan                                                     (MLJ)
          Career Experience                                                 • Jasamarga Metropolitan Tollroad Regional Division Senior
  • Area Manager/Vice President PT Bank Mandiri, Jakarta Cikini               General Manager
    (2009-2011)
  • Area Manager/Vice President PT Bank Mandiri, Bandung
    (2006-2009)                                                                     Riwayat Jabatan
  • Area Manager/Vice President of PT Bank Mandiri, Jakarta                         Career Experience
    Cikini (2009–2011)
                                                                            • Direktur Utama PT Jasamarga Surabaya Mojokerto
  • Area Manager/Vice President of PT Bank Mandiri, Bandung
                                                                              (2021-2022)
    (2006–2009)
                                                                            • General Manager Office 1 RTT (2020-2021)
                                                                            • Managing Director of PT Jasamarga Surabaya Mojokerto
          Riwayat Pendidikan                                                  (2021-2022)
          Educational Background                                            • General Manager of Office 1 RTT (2020-2021)

  • S1 Fakultas Pertanian, Universitas Padjadjaran, Bandung
    (1981)
  • S2 Magister Manajemen Universitas Jenderal Soedirman                            Riwayat Pendidikan
    (1997)                                                                          Educational Background
  • Bachelor of Science (B.Sc.), Faculty of Agriculture, Padjadjaran        S1 Teknik Sipil, Universitas Indonesia (2009)
    University, Bandung (1981)                                              Bachelor of Civil Engineering, University of Indonesia (2009)
  • Master of Management, Jenderal Soedirman University (1997)




PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                                      157
Page 158
01                              02                        03                    04                                       05
Ikhtisar Kinerja Utama          Laporan Manajemen         Profil Perusahaan      Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report         Company Profile        Management Discussion and Analysis       Business Support Functions




                               Aldrin Maulana                                                         Abram Elsajaya Barus
                               Anggota Komite Tata Kelola                                             Anggota Komite Tata Kelola
                               Terintegrasi                                                           Terintegrasi
                               Member of the Integrated                                               Member of the Integrated
                               Governance Committee                                                   Governance Committee


           Kewarganegaraan                          Domisili                       Kewarganegaraan                          Domisili
           Nationality                              Domicile                       Nationality                              Domicile
   Warga Negara Indonesia                  Jakarta                           Warga Negara Indonesia                  Jakarta
   Indonesian                              Jakarta                           Indonesian                              Jakarta


           Usia per 31 Desember 2025                                               Usia per 31 Desember 2025
           Age per December 31, 2025                                               Age per December 31, 2025
   37 tahun                                                                  59 tahun
   37 years old                                                              59 years old


           Dasar Hukum Pengangkatan                                                Dasar Hukum Pengangkatan
           Legal Basis of Appointment                                              Legal Basis of Appointment
   Keputusan Dewan Komisaris PT Jasa Marga (Persero) Tbk                     Keputusan Dewan Komisaris PT Jasa Marga (Persero) Tbk
   No. KEP-39/III/2024 tanggal 22 Maret 2024                                 No. KEP-39/III/2024 tanggal 22 Maret 2024
   Decision of the Board of Commissioners of PT Jasa Marga                   Decision of the Board of Commissioners of PT Jasa Marga
   (Persero) Tbk No. KEP-39/III/2024 dated March 22, 2024                    (Persero) Tbk No. KEP-39/III/2024 dated March 22, 2024


           Periode Menjabat                                                        Periode Menjabat
           Term of Office                                                          Term of Office
   Sejak 22 Maret 2024 sampai berakhirnya masa jabatan sebagai               Sejak 22 Maret 2024 sampai berakhirnya masa jabatan sebagai
   Komisaris Utama PT Jasamarga Jogja Bawen                                  Komisaris Utama PT Jasamarga Probolinggo Banyuwangi
   From March 22, 2024, until the end of the term as President               From March 22, 2024, until the end of the term as President
   Commissioner of PT Jasamarga Jogja Bawen                                  Commissioner of PT Jasamarga Probolinggo Banyuwangi


           Jabatan Rangkap                                                         Jabatan Rangkap
           Concurrent Positions                                                    Concurrent Positions
   • Komisaris Utama PT Jasamarga Jogja Bawen                                Komisaris Utama PT Jasamarga Probolinggo Banyuwangi
   • Non-Concession Business Management & Investment                         President Commissioner of PT Jasamarga Probolinggo
     Group Head                                                              Banyuwangi
   • President Commissioner of PT Jasamarga Jogja Bawen
   • Non-Concession Business Management & Investment
     Group Head                                                                    Riwayat Jabatan
                                                                                   Career Experience
                                                                             • Staf Ahli Bidang Sosial Budaya dan Peran Masyarakat
           Riwayat Jabatan
                                                                               Kementerian PUPR (2023)
           Career Experience
                                                                             • Sekretaris Direktorat Jenderal Bina Marga, Kementerian
   • Corporate Secretary & Legal Group Head PT Jasamarga                       PUPR (2020)
     Transjawa Tol (2022-2023)                                               • Senior Advisor for Social, Cultural and Community Affairs,
   • Finance & Business Management Department Head                             Ministry of Public Works and Public Housing (2023)
     PT Jasamarga Transjawa Tol (2022)                                       • Secretary to the Director General of Highways, Ministry of
   • Corporate Secretary & Legal Group Head PT Jasamarga                       Public Works and Public Housing (2020)
     Transjawa Tol (2022-2023)
   • Finance & Business Management Department Head
     PT Jasamarga Transjawa Tol (2022)
                                                                                   Riwayat Pendidikan
                                                                                   Educational Background
                                                                             • S1 Teknik Sipil, Institut Teknologi Bandung (1990)
           Riwayat Pendidikan
                                                                             • S2 Transportasi, University of South Wales Sydney (2000)
           Educational Background
                                                                             • Bachelor of Civil Engineering, Bandung Institute of
   • S1 Teknik Sipil, Institut Teknologi Bandung (2010)                        Technology (1990)
   • S2 Manajemen, Universitas Indonesia (2023)                              • Master of Transport, University of South Wales, Sydney
   • Bachelor’s degree of Civil Engineering, Bandung Institute of              (2000)
     Technology (2010)
   • Master’s degree of Management, University of Indonesia
     (2023)




158                                                                            Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 159
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




                                Truly Nawangsasi                                                          Tyas Pramoda Wardhani

                                Anggota Komite Tata Kelola                                                Anggota Komite Tata Kelola
                                Terintegrasi                                                              Terintegrasi
                                Member of the Integrated                                                  Member of the Integrated
                                Governance Committee                                                      Governance Committee


          Kewarganegaraan                          Domisili                      Kewarganegaraan                          Domisili
          Nationality                              Domicile                      Nationality                              Domicile
  Warga Negara Indonesia                   Depok                         Warga Negara Indonesia                    Jakarta
  Indonesian                               Depok                         Indonesian                                Jakarta


          Usia per 31 Desember 2025                                              Usia per 31 Desember 2025
          Age per December 31, 2025                                              Age per December 31, 2025
  57 tahun                                                               38 tahun
  57 years old                                                           38 years old


          Dasar Hukum Pengangkatan                                               Dasar Hukum Pengangkatan
          Legal Basis of Appointment                                             Legal Basis of Appointment
  Keputusan Dewan Komisaris PT Jasa Marga (Persero) Tbk                  Keputusan Dewan Komisaris PT Jasa Marga (Persero) Tbk
  No. KEP-39/III/2024 tanggal 22 Maret 2024                              No. KEP-39/III/2024 tanggal 22 Maret 2024
  Decision of the Board of Commissioners of PT Jasa Marga                Decision of the Board of Commissioners of PT Jasa Marga
  (Persero) Tbk No. KEP-39/III/2024 dated March 22, 2024                 (Persero) Tbk No. KEP-39/III/2024 dated March 22, 2024



          Periode Menjabat
                                                                                 Periode Menjabat
          Term of Office
                                                                                 Term of Office
  Sejak 22 Maret 2024 sampai berakhirnya masa jabatan sebagai
                                                                         Sejak 22 Maret 2024 sampai berakhirnya masa jabatan
  Komisaris Utama PT Jasamarga Akses Patimban
                                                                         sebagai Komisaris Utama PT Jasamarga Kualanamu Tol
  From March 22, 2024, until the end of the term as President
                                                                         From March 22, 2024, until the end of the term as President
  Commissioner of PT Jasamarga Akses Patimban
                                                                         Commissioner of PT Jasamarga Kualanamu Tol


          Jabatan Rangkap                                                        Jabatan Rangkap
          Concurrent Positions                                                   Concurrent Positions
  Komisaris Utama PT Jasamarga Akses Patimban                            • Komisaris Utama PT Jasamarga Kualanamu Tol
  President Commissioner of PT Jasamarga Akses Patimban                  • Jasamarga Nusantara Tollroad Regional Division Senior
                                                                           General Manager
                                                                         • Jasamarga Nusantara Tollroad Regional Division Senior
                                                                           General Manager
          Riwayat Jabatan                                                • President Commissioner of PT Jasamarga Kualanamu Tol
          Career Experience
  • Jasamarga Nusantara Tollroad Regional Division Senior
    General Manager (2022-2024)
                                                                                 Riwayat Jabatan
  • Presiden Direktur PT Marga Trans Nusantara (2018-2022)
                                                                                 Career Experience
  • Jasamarga Nusantara Tollroad Regional Division Senior
    General Manager (2022-2024)                                          • Concession Business Planning Group Head (2022-2025)
  • President Director, PT Marga Trans Nusantara (2018-2022)             • Corporate Planning & Finance Group Head PT Jasamarga
                                                                           Transjawa Tol (2022)
                                                                         • Concession Business Planning Group Head (2022-2025)
                                                                         • Head of Corporate Planning & Finance Group, PT Jasamarga
          Riwayat Pendidikan                                               Transjawa Tol (2022)
          Educational Background
  S1 Teknik Sipil, Universitas Indonesia (1992)
  Bachelor of Civil Engineering, University of Indonesia (1992)                  Riwayat Pendidikan
                                                                                 Educational Background
                                                                         S1 Akuntansi, Universitas Indonesia (2011)
                                                                         Bachelor of Accounting, University of Indonesia (2011)




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                       159
Page 160
01                              02                        03                    04                                       05
Ikhtisar Kinerja Utama          Laporan Manajemen         Profil Perusahaan      Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report         Company Profile        Management Discussion and Analysis       Business Support Functions




                                                                                                         Pande Ketut Gede
                              Eko Sujiyanto
                                                                                                         Karmawan
                              Anggota Komite Tata Kelola                                                 Anggota Komite Tata Kelola
                              Terintegrasi                                                               Terintegrasi
                              Member of the Integrated                                                   Member of the Integrated
                              Governance Committee                                                       Governance Committee


           Kewarganegaraan                          Domisili                       Kewarganegaraan                          Domisili
           Nationality                              Domicile                       Nationality                              Domicile
   Warga Negara Indonesia                  Jakarta                           Warga Negara Indonesia                  Jakarta
   Indonesian                              Jakarta                           Indonesian                              Jakarta

           Usia per 31 Desember 2025                                               Usia per 31 Desember 2025
           Age per December 31, 2025                                               Age per December 31, 2025
   50 tahun                                                                  57 tahun
   50 years old                                                              57 years old


           Dasar Hukum Pengangkatan                                                Dasar Hukum Pengangkatan
           Legal Basis of Appointment                                              Legal Basis of Appointment
   Keputusan Dewan Komisaris PT Jasa Marga (Persero) Tbk                     Keputusan Dewan Komisaris PT Jasa Marga (Persero) Tbk
   No. KEP-39/III/2024 tanggal 22 Maret 2024                                 No. KEP-39/III/2024 tanggal 22 Maret 2024
   Decision of the Board of Commissioners of PT Jasa Marga                   Decision of the Board of Commissioners of PT Jasa Marga
   (Persero) Tbk No. KEP-39/III/2024 dated March 22, 2024                    (Persero) Tbk No. KEP-39/III/2024 dated March 22, 2024


           Periode Menjabat                                                        Periode Menjabat
           Term of Office                                                          Term of Office
   Sejak 22 Maret 2024 sampai berakhirnya masa jabatan sebagai               Sejak 22 Maret 2024 sampai berakhirnya masa jabatan sebagai
   Komisaris Utama PT Jasamarga Balikpapan Samarinda                         Komisaris Utama PT Jasamarga Manado Bitung
   From March 22, 2024, until the end of the term as President               From March 22, 2024, until the end of the term as President
   Commissioner of PT Jasamarga Balikpapan Samarinda                         Commissioner of PT Jasamarga Manado Bitung


                                                                                   Jabatan Rangkap
           Jabatan Rangkap
                                                                                   Concurrent Positions
           Concurrent Positions
                                                                             • Komisaris Utama PT Jasamarga Manado Bitung
   • Komisaris Utama PT Jasamarga Balikpapan Samarinda
                                                                             • Senior Vice President, Head of Infra-2 Operation Division
   • Senior Vice President Divisi Infrastruktur 1 PT Wijaya Karya
                                                                               PT Pembangunan Perumahan (Persero) Tbk
     (Persero) Tbk.
                                                                             • President Commissioner of PT Jasamarga Manado Bitung
   • President Commissioner of PT Jasamarga Balikpapan
                                                                             • Senior Vice President, Head of Infra-2 Operation Division
     Samarinda
                                                                               PT Pembangunan Perumahan (Persero) Tbk
   • Senior Vice President of Infrastructure Division 1,
     PT Wijaya Karya (Persero) Tbk.

                                                                                   Riwayat Jabatan
           Riwayat Jabatan                                                         Career Experience
           Career Experience                                                 Senior Professional Project Manager PT Pembangunan
   • General Manager of Operation 3 Dept - Infrastructure 1                  Perumahan (Persero) Tbk (2011-2020)
     Division (2023)                                                         Senior Professional Project Manager at PT Pembangunan
   • General Manager of Operation 2 Dept - Infrastructure 1                  Perumahan (Persero) Tbk (2011–2020)
     Division (2022)

                                                                                   Riwayat Pendidikan
                                                                                   Educational Background
           Riwayat Pendidikan
                                                                             • S1 Sarjana Teknik Sipil Universitas Atmajaya (1993)
           Educational Background
                                                                             • S2 Magister Manajemen Teknologi Institut Teknologi Sepuluh
   • S1 Teknik Sipil Universitas Gadjah Mada (2000)                            Nopember (2004)
   • S2 Teknik Sipil Universitas Sebelas Maret (2020)                        • Bachelor of Civil Engineering, Atmajaya University (1993)
   • Bachelor of Civil Engineering, Gadjah Mada University                   • Master of Technology Management, Sepuluh Nopember
     (2000)                                                                    Institute of Technology (2004)
   • Master of Civil Engineering, Sebelas Maret University (2020)




160                                                                            Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 161
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




                                Lisye Octaviana                                                           Inonu Ferryanto
                                Anggota Komite Tata Kelola                                                Anggota Komite Tata Kelola
                                Terintegrasi                                                              Terintegrasi
                                Member of the Integrated                                                  Member of the Integrated
                                Governance Committee                                                      Governance Committee


          Kewarganegaraan                         Domisili                       Kewarganegaraan                          Domisili
          Nationality                             Domicile                       Nationality                              Domicile
  Warga Negara Indonesia                   Jakarta                       Warga Negara Indonesia                    Jakarta
  Indonesian                               Jakarta                       Indonesian                                Jakarta


          Usia per 31 Desember 2025                                              Usia per 31 Desember 2025
          Age per December 31, 2025                                              Age per December 31, 2025
  39 tahun                                                               46 tahun
  39 years old                                                           46 years old


          Dasar Hukum Pengangkatan                                               Dasar Hukum Pengangkatan
          Legal Basis of Appointment                                             Legal Basis of Appointment
  Keputusan Dewan Komisaris PT Jasa Marga (Persero) Tbk                  Keputusan Dewan Komisaris PT Jasa Marga (Persero) Tbk
  No. KEP-39/III/2024 tanggal 22 Maret 2024                              No. KEP-39/III/2024 tanggal 22 Maret 2024
  Decision of the Board of Commissioners of PT Jasa Marga                Decision of the Board of Commissioners of PT Jasa Marga
  (Persero) Tbk No. KEP-39/III/2024 dated March 22, 2024                 (Persero) Tbk No. KEP-39/III/2024 dated March 22, 2024


          Periode Menjabat                                                       Periode Menjabat
          Term of Office                                                         Term of Office
  Sejak 22 Maret 2024 sampai berakhirnya masa jabatan sebagai            Sejak 22 Maret 2024 sampai berakhirnya masa jabatan sebagai
  Komisaris Utama PT Jasamarga Bali Tol                                  Komisaris Utama PT Jasamarga Jogja Solo
  From March 22, 2024, until the end of the term as President            From March 22, 2024, until the end of the term as President
  Commissioner of PT Jasamarga Bali Tol                                  Commissioner of PT Jasamarga Jogja Solo


          Jabatan Rangkap                                                        Jabatan Rangkap
          Concurrent Positions                                                   Concurrent Positions
  • Komisaris Utama PT Jasamarga Bali Tol                                • Komisaris Utama PT Jasamarga Jogja Solo
  • Corporate Communication & Community Development                      • General Manager Departemen Sistem, IT dan Inovasi
    Group Head                                                             PT Adhi Karya (Persero) Tbk
  • President Commissioner of PT Jasamarga Bali Tol                      • President Commissioner of PT Jasamarga Jogja Solo
  • Corporate Communication & Community Development                      • General Manager of the Systems, IT and Innovation
    Group Head                                                             Department at PT Adhi Karya (Persero) Tbk

          Riwayat Jabatan                                                        Riwayat Jabatan
          Career Experience                                                      Career Experience
  • Business & Marketing Department Head PT Jasamarga                    • General Manager Department EPC PT Adhi Karya (Persero)
    Tollroad Operator (2020-2022)                                          Tbk (2016-2020)
  • Senior Specialist Scholarship Jasamarga Learning Institute           • Project Manager PT Adhi Karya (Persero) Tbk, Wuhan JO
    (2019-2020)                                                            Ammonia Urea II (EPC) Project, Petro Kimia Gresik (2014-2016)
  • Business & Marketing Department Head PT Jasamarga                    • General Manager of the EPC Department at PT Adhi Karya
    Tollroad Operator (2020-2022)                                          (Persero) Tbk (2016–2020)
  • Senior Specialist Scholarship Jasamarga Learning Institute           • Project Manager at PT Adhi Karya (Persero) Tbk, Wuhan JO
    (2019-2020)                                                            Ammonia Urea II (EPC) Project, Petro Kimia Gresik (2014–2016)


          Riwayat Pendidikan                                                     Riwayat Pendidikan
          Educational Background                                                 Educational Background
  • S1 Ilmu Komunikasi, Universitas Padjadjaran (2009)                   • S1 Teknik Sipil Universitas Diponegoro (1994)
  • S2 Master of Business Administration, Australian National            • S2 Magister Teknik bidang Manajemen Konstruksi
    University (2020)                                                      Universitas Islam Indonesia (2003)
  • Bachelor of Communication Studies, Padjadjaran University            • Profesi Teknik, Universitas Katolik Atma Jaya (2021)
    (2009)                                                               • Bachelor of Civil Engineering, Diponegoro University (1994)
  • Master of Business Administration from Australian National           • Master of Engineering in Construction Management, Islamic
    University (2020)                                                      University of Indonesia (2003)
                                                                         • School of Engineering, Atma Jaya Catholic University (2021)




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                       161
Page 162
01                             02                        03                    04                                       05
Ikhtisar Kinerja Utama         Laporan Manajemen         Profil Perusahaan      Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights     Management Report         Company Profile        Management Discussion and Analysis       Business Support Functions




                               Ahmad Nasir Siregar                                                        Mira Handayani S
                               Anggota Komite Tata Kelola                                                 Anggota Komite Tata Kelola
                               Terintegrasi                                                               Terintegrasi
                               Member of the Integrated                                                   Member of the Integrated
                               Governance Committee                                                       Governance Committee



           Kewarganegaraan                         Domisili                       Kewarganegaraan                          Domisili
           Nationality                             Domicile                       Nationality                              Domicile
   Warga Negara Indonesia                 Bogor                             Warga Negara Indonesia                  Jakarta
   Indonesian                             Bogor                             Indonesian                              Jakarta


           Usia per 31 Desember 2025                                              Usia per 31 Desember 2025
           Age per December 31, 2025                                              Age per December 31, 2025
   44 tahun                                                                 59 tahun
   44 years old                                                             59 years old


           Dasar Hukum Pengangkatan                                               Dasar Hukum Pengangkatan
           Legal Basis of Appointment                                             Legal Basis of Appointment
   Keputusan Dewan Komisaris PT Jasa Marga (Persero) Tbk                    Keputusan Dewan Komisaris PT Jasa Marga (Persero) Tbk
   No. KEP-39/III/2024 tanggal 22 Maret 2024                                No. KEP-39/III/2024 tanggal 22 Maret 2024
   Decision of the Board of Commissioners of PT Jasa Marga                  Decision of the Board of Commissioners of PT Jasa Marga
   (Persero) Tbk No. KEP-39/III/2024 dated March 22, 2024                   (Persero) Tbk No. KEP-39/III/2024 dated March 22, 2024



           Periode Menjabat                                                       Periode Menjabat
           Term of Office                                                         Term of Office
   Sejak 10 Oktober 2025 sampai berakhirnya masa jabatan                    Sejak 22 Maret 2024 sampai berakhirnya masa jabatan sebagai
   sebagai Komisaris Utama PT Jasamarga Transjawa Tol                       Komisaris Utama PT Jasamarga Tollroad Operator
   From October 10, 2025, until the end of the term as President            From March 22, 2024, until the end of the term as President
   Commissioner of PT Jasamarga Transjawa Tol                               Commissioner of PT Jasamarga Tollroad Operator



           Jabatan Rangkap                                                        Jabatan Rangkap
           Concurrent Positions                                                   Concurrent Positions
   Komisaris Utama PT Jasamarga Transjawa Tol                               Komisaris Utama PT Jasamarga Tollroad Operator
   President Commissioner of PT Jasamarga Transjawa Tol                     President Commissioner of PT Jasamarga Tollroad Operator



           Riwayat Jabatan                                                        Riwayat Jabatan
           Career Experience                                                      Career Experience
   • Tenaga Ahli DPR RI (2015-2024)                                         • Designer Manager PT Bangun Cipta Kontraktor (2020)
   • Direktur Eksekutif Persaudaraan Alumni HМІ (2012)                      • Project Manager PT Mega Mulya Mico (2016-2018)
   • Expert Staff Member of the Indonesian House                 of         • Design Manager at PT Bangun Cipta Kontraktor (2020)
     Representatives (2015–2024)                                            • Project Manager at PT Mega Mulya Mico (2016–2018)
   • Executive Director of the HMI Alumni Association (2012)



                                                                                  Riwayat Pendidikan
           Riwayat Pendidikan
                                                                                  Educational Background
           Educational Background
                                                                            S1 Arsitek, Universtas Pancasila (1990)
   • S1 Ilmu Sosiatri, Universitas Gadjah Mada (2006)
                                                                            Bachelor of Architecture, Pancasila University (1990)
   • Bachelor of Sociology, Gadjah Mada University (2006)




162                                                                           Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 163
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




                              George I.M.P Manurung                                                    JB Satya Sananugraha
                              Anggota Komite Tata Kelola                                               Anggota Komite Tata Kelola
                              Terintegrasi                                                             Terintegrasi
                              Member of the Integrated                                                 Member of the Integrated
                              Governance Committee                                                     Governance Committee



          Kewarganegaraan                          Domisili                      Kewarganegaraan                         Domisili
          Nationality                              Domicile                      Nationality                             Domicile
  Warga Negara Indonesia                   Jakarta                       Warga Negara Indonesia                   Jakarta
  Indonesian                               Jakarta                       Indonesian                               Jakarta


          Usia per 31 Desember 2025
          Age per December 31, 2025                                              Usia per 31 Desember 2025
                                                                                 Age per December 31, 2025
  54 tahun
  54 years old                                                           62 tahun
                                                                         62 years old

          Dasar Hukum Pengangkatan
          Legal Basis of Appointment
  Keputusan Dewan Komisaris PT Jasa Marga (Persero) Tbk                          Dasar Hukum Pengangkatan
  No. KEP-39/III/2024 tanggal 22 Maret 2024                                      Legal Basis of Appointment
  Decision of the Board of Commissioners of PT Jasa Marga                Keputusan Dewan Komisaris PT Jasa Marga (Persero) Tbk
  (Persero) Tbk No. KEP-39/III/2024 dated March 22, 2024                 No. KEP-39/III/2024 tanggal 22 Maret 2024
                                                                         Decision of the Board of Commissioners of PT Jasa Marga
                                                                         (Persero) Tbk No. KEP-39/III/2024 dated March 22, 2024
          Periode Menjabat
          Term of Office
  Sejak 22 Maret 2024 sampai berakhirnya masa jabatan sebagai                    Periode Menjabat
  Komisaris Utama PT Jasamarga Tollroad Maintenance                              Term of Office
  From March 22, 2024, until the end of the term as President            Sejak 22 Maret 2024 sampai berakhirnya masa jabatan sebagai
  Commissioner of PT Jasamarga Tollroad Maintenance                      Komisaris Utama PT Jasamarga Related Business
                                                                         From March 22, 2024, until the end of the term as President
                                                                         Commissioner of PT Jasamarga Related Business
          Jabatan Rangkap
          Concurrent Positions
  • Komisaris Utama PT Jasamarga Tollroad Maintenance                            Jabatan Rangkap
  • Toll Project Development Group Head                                          Concurrent Positions
  • President Commissioner of PT Jasamarga Tollroad                      Komisaris Utama PT Jasamarga Related Business
    Maintenance                                                          President Commissioner of PT Jasamarga Related Business
  • Toll Project Development Group Head


                                                                                 Riwayat Jabatan
          Riwayat Jabatan                                                        Career Experience
          Career Experience                                              • Deputi Bidang Koordinasi Peningkatan Kualitas Kesehatan
  • Direktur Utama PT Jasamarga Jalanlayang Cikampek                       dan Pembangunan Kependudukan (2023-2024)
    (2021-2022)                                                          • Dewan Komisaris PT Jasa Marga Tbk (2021-2023)
  • Direktur Utama PT Jasamarga Manado Bitung (2016-2021)                • Deputy for Coordination of Health Quality Improvement
  • President Director of PT Jasamarga Jalanlayang Cikampek                and Population Development (2023-2024)
    (2021-2022)                                                          • Board of Commissioners of PT Jasa Marga Tbk
  • President Director of PT Jasamarga Manado Bitung                       (2021-2023)
    (2016-2021)

                                                                                 Riwayat Pendidikan
          Riwayat Pendidikan                                                     Educational Background
          Educational Background                                         • S1 Teknik Mesin, Universitas Brawijaya (1987)
  • S1 Teknik Sipil, Institut Teknologi Bandung (1996)                   • S2 Ibaraki University, Hitachi – Japan (1993)
  • S2 Business & Technology, University of New South Wales,             • Bachelor’s Degree in Mechanical Engineering, Brawijaya
    Australia (2002)                                                       University (1987)
  • Bachelor’s Degree of Civil Engineering, Bandung Institute of         • Master’s Degree, Ibaraki University, Hitachi – Japan
    Technology (1996)                                                      (1993)
  • Masters in Business & Technology, University of New South
    Wales, Australia (2002)




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                    163
Page 164
01                               02                        03                       04                                        05
Ikhtisar Kinerja Utama           Laporan Manajemen         Profil Perusahaan         Analisa dan Pembahasan Manajemen          Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report         Company Profile           Management Discussion and Analysis        Business Support Functions




Profil Sekretaris Dewan Komisaris
Profile of the Board of Commissioners Secretary




                                        Sukendar
                                        Sekretaris Dewan Komisaris
                                        Board of Commissioners Secretary



           Kewarganegaraan                           Domisili                        Usia per 31 Desember 2025
           Nationality                               Domicile                        Age per December 31, 2025
   Warga Negara Indonesia                   Jakarta                           43 tahun
   Indonesian                               Jakarta                           43 years old



           Dasar Hukum Pengangkatan
           Legal Basis of Appointment
   Menjadi Sekretaris Dewan Komisaris sejak 19 November 2024                  Appointed as Secretary to the Board of Commissioners as of
   berdasarkan Keputusan Dewan Komisaris No. KEP-185/XI/2024                  November 19, 2024, pursuant to the Board of Commissioners
                                                                              Decree No. KEP-185/XI/2024



           Periode Menjabat                                                          Jabatan Rangkap
           Term of Office                                                            Concurrent Positions
   Sejak 19 November 2024 sampai dengan 19 November 2027                      -
   From November 19, 2024, to November 19, 2027



           Riwayat Jabatan
           Career Experience
   • Penata Kelola Perusahaan Negara Madya (2024-sekarang)                    • Middle State-Owned Enterprise Manager (2024-present)
   • Penata Kelola Perusahaan Negara Muda (2021-2024)                         • Junior State-Owned Enterprise Manager (2021-2024)
   • Kepala Subbagian Bantuan Hukum I (2015-2020)                             • Head of Legal Assistance Subdivision I (2015-2020)



           Riwayat Pendidikan
           Educational Background
   • S1 Hukum, Universitas Gadjah Mada (2006)                                 • Bachelor’s degree in Law, Gadjah Mada University (2006)
   • S2 Magister Hukum, Universitas Indonesia (2018)                          • Master’s degree in Law, University of Indonesia (2018)



           Kepemilikan Saham JSMR
           Share Ownership in JSMR
   Tidak memiliki saham Perseroan pada awal dan akhir tahun buku              Does not own any shares in the Company at the beginning and
                                                                              end of the fiscal year


           Hubungan Afiliasi
           Affiliated Relation
   Tidak memiliki hubungan afiliasi dengan anggota Dewan                      No affiliation with other members of the Board of Commissioners,
   Komisaris lainnya, pemegang saham utama, dan pengendali baik               major shareholders, or controllers, either directly or indirectly, up
   langsung maupun tidak langsung sampai kepada pemilik individu              to the individual owners




164                                                                                Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
Page 165
06                                  07                                        08
Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Pejabat Eksekutif
Executive Management



                               Ari Wibowo                                                                        Agung Laksana Pranata
                               Corporate Secretary & Chief                                                       Internal Audit Senior Group Head
                               Administration Officer


     Kewarganegaraan           Domisili       Usia per 31 Desember 2025                Kewarganegaraan           Domisili        Usia per 31 Desember 2025
     Nationality               Domicile       Age per December 31, 2025                Nationality               Domicile        Age per December 31, 2025
 Warga Negara Indonesia     Jakarta       54 tahun                                 Warga Negara Indonesia     Jakarta        38 tahun
 Indonesian                 Jakarta       54 years old                             Indonesian                 Jakarta        38 years old


      Riwayat Jabatan                                                                  Riwayat Jabatan
      Career Experience                                                                Career Experience
 • Direktur Utama PT Marga Lingkar Jakarta (2020-2025)                             • Human Capital Development Advisor (2022-2023)
 • Direktur Utama PT Jasamarga Solo Ngawi (2019-2020)                              • Legal & Compliance Group Head (2019-2022)
 • President Director of PT Marga Lingkar Jakarta (2020-2025)                      • Human Capital Development Advisor (2022-2023)
 • President Director of PT Jasamarga Solo Ngawi (2019-2020)                       • Legal & Compliance Group Head (2019-2022)


     Riwayat Pendidikan
                                                                                       Riwayat Pendidikan
     Educational Background
                                                                                       Educational Background
 • S1 Teknik Sipil, Universitas Katolik Parahyangan (1996)
                                                                                   • S1 Hukum, Universitas Indonesia (2009)
 • S2 Teknik Sipil, Universitas Katolik Parahyangan (2011)
                                                                                   • S2 Hukum, The University of Queensland (2015)
 • Bachelor’s degree of Civil Engineering from Katolik Parahyangan
                                                                                   • Bachelor’s degree of Law at University of Indonesia (2005)
   University (1995)
                                                                                   • Master’s degree of Law at University of Queensland (2015)
 • Master’s Degree of Civil Engineering from Katolik Parahyangan University
   (2011)

                                                                                       Dasar Hukum Pengangkatan
     Dasar Hukum Pengangkatan                                                          Legal Basis of Appointment
     Legal Basis of Appointment                                                    Keputusan Direksi No. 034/AA.P-6A/2023 tanggal 25 Februari 2023
 Keputusan Direksi No. 002/AA.P-6A/2025 tanggal 13 Januari 2025                    Decision of The Board of Directors No. 034/AA.P-6A/2023 dated February
 Decision of the Board of Directors No. 002/AA.P-6A/2025 dated January             25, 2023
 13, 2025




                               Haning Pangastuty                                                                 Devi Lusyana
                               Corporate Finance & Investor                                                      Risk & Quality, Health, Safety &
                               Relations Senior Group Head                                                       Environment Group Head


     Kewarganegaraan           Domisili       Usia per 31 Desember 2025                Kewarganegaraan           Domisili        Usia per 31 Desember 2025
     Nationality               Domicile       Age per December 31, 2025                Nationality               Domicile        Age per December 31, 2025
 Warga Negara Indonesia     Jakarta       38 tahun                                 Warga Negara Indonesia     Jakarta        40 tahun
 Indonesian                 Jakarta       38 years old                             Indonesian                 Jakarta        40 years old

     Riwayat Jabatan                                                                    Riwayat Jabatan
     Career Experience                                                                  Career Experience
 • Corporate Planning & Portfolio Management Group Head (2020-2022)                • Risk Management Department Head (2019-2022)
 • Portfolio Management Department Head, Corporate Planning & Portfolio            • General Manager Keuangan & Administrasi PT Jasamarga Balikpapan
   Management Group (2019-2020)                                                      Samarinda (2018-2019)
 • Corporate Planning & Portfolio Management Group Head (2020-2022)                • Risk Management Department Head (2019-2022)
 • Portfolio Management Department Head, Corporate Planning & Portfolio            • General Manager Keuangan & Administrasi of PT Jasamarga Balikpapan
   Management Group (2019-2020)                                                      Samarinda (2018-2019)


     Riwayat Pendidikan                                                                Riwayat Pendidikan
     Educational Background                                                            Educational Background
 S1 Akuntansi, Universitas Indonesia (2009)                                        • S1 Sarjana Ekonomi, Universitas Indonesia (2009)
 Bachelor’s degree of Accounting from University of Indonesia (2009)               • S2 Master of Finance & Investment, University of Edinburgh Business
                                                                                     School (2015)
                                                                                   • Bachelor’s degree in Economics, University of Indonesia (2009)
    Dasar Hukum Pengangkatan                                                       • Master’s degree of Finance & Investment, University of Edinburgh
    Legal Basis of Appointment                                                       Business School (2015)
 Keputusan Direksi No. 076/AA.P-6A/2022 tanggal 11 April 2022
 Decision of the Board of Directors No. 076/AA.P-6A/2022 dated April 11,               Dasar Hukum Pengangkatan
 2022                                                                                  Legal Basis of Appointment
                                                                                   Keputusan Direksi No. 040/AA.P6A/2022 tanggal 08 Maret 2022
                                                                                   Decision of the Board of Directors No. 040/AA.P-6A/2022 dated March 8, 2022




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01                                 02                          03                     04                                          05
Ikhtisar Kinerja Utama             Laporan Manajemen           Profil Perusahaan       Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report           Company Profile         Management Discussion and Analysis          Business Support Functions




                             Syailendra Wisnu Wardhana                                                          Ivan Mawara
                             Procurement & Fixed Asset Group Head                                               Plt. Legal and Compliance Group Head



     Kewarganegaraan            Domisili       Usia per 31 Desember 2025              Kewarganegaraan         Domisili        Usia per 31 Desember 2025
     Nationality                Domicile       Age per December 31, 2025              Nationality             Domicile        Age per December 31, 2025
 Warga Negara Indonesia      Bekasi        36 tahun                               Warga Negara Indonesia   Bekasi          36 tahun
 Indonesian                  Bekasi        36 years old                           Indonesian               Bekasi          36 years old

                                                                                      Riwayat Jabatan
       Riwayat Jabatan
                                                                                      Career Experience
       Career Experience
                                                                                  • Corporate Legal Department Head (2020-2025)
 • Legal & Compliance Group Head (2022-2025)
                                                                                  • Corporation Specialist (2019-2020)
 • Litigation Department Head, Legal & Compliance Group (2019-2022)
                                                                                  • Corporate Legal Department Head (2020-2025)
 • Legal & Compliance Group Head (2022-2025)
                                                                                  • Corporation Specialist (2019-2020)
 • Litigation Department Head, Legal & Compliance Group (2019-2022)

                                                                                      Riwayat Pendidikan
                                                                                      Educational Background
     Riwayat Pendidikan                                                           • S1 Hukum, Universitas Padjadjaran (2012)
     Educational Background                                                       • S2 Business Administration, Institute Teknologi Bandung (2025)
 • S1 Ilmu Hukum, Universitas Sebelas Maret (2011)                                • Bachelor of Law, Padjadjaran University (2012)
 • S2 Ilmu Hukum, Universitas Indonesia (2021)                                    • Master of Business Administration, Bandung Institute of Technology
 • Bachelor’s degree of Law, Sebelas Maret University (2011)                        (2025)
 • Master’s degree in Law, University of Indonesia (2021)

                                                                                     Dasar Hukum Pengangkatan
    Dasar Hukum Pengangkatan                                                         Legal Basis of Appointment
    Legal Basis of Appointment                                                    Keputusan Direksi No. 153/EA.P-6a/2025 Tanggal 20 November 2025
 Keputusan Direksi No. 154/AA.P-6a/2025 Tanggal 20 November 2025                  Board of Directors Decision No. 153/EA.P-6a/2025 dated November 20, 2025
 Board of Directors Decision No. 154/AA.P-6a/2025 dated November 20, 2025




                                Windharti Amelia                                                               Ricky Ricardo
                                Human Capital Services Group Head                                              Sarael Benyamin
                                                                                                               Accounting and Tax Group Head


     Kewarganegaraan            Domisili       Usia per 31 Desember 2025              Kewarganegaraan         Domisili         Usia per 31 Desember 2025
     Nationality                Domicile       Age per December 31, 2025              Nationality             Domicile         Age per December 31, 2025
 Warga Negara Indonesia      Tangerang     39 tahun                               Warga Negara Indonesia   Jakarta         42 tahun
 Indonesian                  Tangerang     39 years old                           Indonesian               Jakarta         42 years old

     Riwayat Jabatan
                                                                                       Riwayat Jabatan
     Career Experience
                                                                                       Career Experience
 • Human Capital Development Group Head (2020-2023)
                                                                                  • Financial Accounting Department Head (2021-2022)
 • Senior Specialist PT Kereta Cepat Indonesia China (2019-2020)
                                                                                  • General Manager Keuangan PT Jasamarga Related Business (2020-2021)
 • Human Capital Development Group Head (2020-2023)
                                                                                  • Financial Accounting Department Head (2021-2022)
 • Senior Specialist PT Kereta Cepat Indonesia China (2019-2020)
                                                                                  • General Manager Keuangan PT Jasamarga Related Business (2020-2021)


     Riwayat Pendidikan
                                                                                      Riwayat Pendidikan
     Educational Background
                                                                                      Educational Background
 • S1 Teknik Industri, Universitas Gadjah Mada (2008)
                                                                                  S1 Akuntansi, Universitas Sumatera Utara (2007)
 • S2 Manajemen Bisnis, Universitas Bina Nusantara (2022)
                                                                                  Bachelor’s degree of Accounting, University of Sumatera Utara (2007)
 • Bachelor’s degree of Industrial Engineering, Gadjah Mada University
   (2008)
 • Master’s degree of Business Management, Bina Nusantara University
   (2022)                                                                            Dasar Hukum Pengangkatan
                                                                                     Legal Basis of Appointment
    Dasar Hukum Pengangkatan                                                      Keputusan Direksi No. 078/AA.P-6A/2022 tanggal 11 April 2022
    Legal Basis of Appointment                                                    Decision of the Board of Directors No. 078/AA.P-6A/2022 dated April 11,
 Keputusan Direksi No. 094/AA.P-6a/2023 Tanggal 06 Juni 2023                      2022
 Decision of the Board of Directors No. 094/AA.P-6a/2023 dated June 6,
 2023




166                                                                                  Laporan Tahunan 2025 Annual Report       PT Jasa Marga (Persero) Tbk
Page 167
06                                  07                                     08
Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




                               Irawati Savitri                                                                Atika Dara Prahita
                               Jasa Marga Learning Institute                                                  Operation and Maintenance
                               Group Head                                                                     Management Group Head


     Kewarganegaraan           Domisili        Usia per 31 Desember 2025            Kewarganegaraan           Domisili       Usia per 31 Desember 2025
     Nationality               Domicile        Age per December 31, 2025            Nationality               Domicile       Age per December 31, 2025
 Warga Negara Indonesia     Bogor          52 tahun                             Warga Negara Indonesia     Bekasi        40 tahun
 Indonesian                 Bogor          52 years old                         Indonesian                 Bekasi        40 years old


      Riwayat Jabatan                                                                Riwayat Jabatan
      Career Experience                                                              Career Experience
 • Learning Development Department Head Jasa Marga Learning Institute           • Traffic System Department Head (2019-2021)
   (2020)                                                                       • Traffic Management Department Head (2019)
 • Toll Road Management School Department Head, Jasa Marga Learning             • Traffic System Department Head (2019-2021)
   Institute (2019-2020)                                                        • Traffic Management Department Head (2019)
 • Learning Development Department Head Jasa Marga Learning Institute
   (2020)
 • Toll Road Management School Department Head, Jasa Marga Learning                 Riwayat Pendidikan
   Institute (2019-2020)                                                            Educational Background
                                                                                • S1 Teknik Sipil, Universitas Diponegoro (2007)
                                                                                • S2 Administrasi Bisnis, Universitas Gadjah Mada (2024)
     Riwayat Pendidikan                                                         • Bachelor’s degree of Civil Engineering, Diponegoro University (2007)
     Educational Background                                                     • Master’s degree in Business Administration, Gadjah Mada University
 S1 Psikologi, Universitas Indonesia (1997)                                       (2024)
 Bachelor’s degree of Psychology, University of Indonesia (1997)

                                                                                    Dasar Hukum Pengangkatan
                                                                                    Legal Basis of Appointment
     Dasar Hukum Pengangkatan
                                                                                Keputusan Direksi No. 030/AA.P-6a/2021 tanggal 09 Februari 2021
     Legal Basis of Appointment
                                                                                Decision of the Board of Directors No. 030/AA.P-6a/2021 dated February
 Keputusan Direksi PT Jasa Marga (Persero) Tbk No. 201/AA.P-6a/2020
                                                                                9, 2021
 tanggal 24 September 2020
 Decision of the Board of Directors No. 201/AA.P-6a/2020 dated September
 24, 2020




                               Aprilizayanti Putri
                                                                                                              Gandes Aisyaharum
                               Human Capital Development
                               Group Head                                                                     Strategic Transformation Group Head



     Kewarganegaraan           Domisili        Usia per 31 Desember 2025            Kewarganegaraan           Domisili       Usia per 31 Desember 2025
     Nationality               Domicile        Age per December 31, 2025            Nationality               Domicile       Age per December 31, 2025
 Warga Negara Indonesia     Depok          39 tahun                             Warga Negara Indonesia     Jakarta       37 tahun
 Indonesian                 Depok          39 years old                         Indonesian                 Jakarta       37 years old


      Riwayat Jabatan                                                                Riwayat Jabatan
      Career Experience                                                              Career Experience
 • Strategic Transformation Group Head (2022-2023)                              • Information Technology Group Head (2023-2025)
 • Human Capital & General Affair Dept. Head Jasamarga Metropolitan             • IT Planning & Development Department Head (2020)
   Tollroad Regional Division (2020-2022)                                       • Information Technology Group Head (2023-2025)
 • Strategic Transformation Group Head (2022-2023)                              • IT Planning & Development Department Head (2020)
 • Human Capital & General Affair Dept. Head Jasamarga Metropolitan
   Tollroad Regional Division (2020-2022)
                                                                                    Riwayat Pendidikan
     Riwayat Pendidikan                                                             Educational Background
     Educational Background                                                     • S1 Teknik Elektro, Universitas Gadjah Mada (2009)
 • S1 Ilmu Administrasi Niaga, Universitas Indonesia (2008)                     • S2 Business Analytic, The University of Edinburgh (2019)
 • S2 Manajemen Bisnis, Binus University (2022)                                 • Bachelor of Electrical Engineering, Gadjah Mada University (2009)
 • Bachelor’s degree of Business Administration, University of Indonesia        • Master of Business Analytics, The University of Edinburgh (2019)
   (2008)
 • Master’s degree of Business Management, Binus University (2022)

                                                                                    Dasar Hukum Pengangkatan
    Dasar Hukum Pengangkatan                                                        Legal Basis of Appointment
    Legal Basis of Appointment                                                  Keputusan Direksi No. 116/AA.P-6a/2025 tanggal 03 September 2025
 Keputusan Direksi No. 093/AA.P-6a/2023 Tanggal 06 Juni 2023                    Decision of the Board of Directors No. 116/AA.P-6a/2025 dated September
 Decision of the Board of Directors No. 093/AA.P-6a/2023 dated June 6,          03, 2025
 2023




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                                    167
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01                                 02                             03                     04                                           05
Ikhtisar Kinerja Utama             Laporan Manajemen              Profil Perusahaan       Analisa dan Pembahasan Manajemen             Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report              Company Profile         Management Discussion and Analysis           Business Support Functions




                                Ayudya Rizka Fauzia                                                               Trias Andriyanto
                                                                                                                  Corporate Planning & Portfolio
                                Information Technology Group Head
                                                                                                                  Management Group Head


     Kewarganegaraan            Domisili        Usia per 31 Desember 2025                Kewarganegaraan          Domisili       Usia per 31 Desember 2025
     Nationality                Domicile        Age per December 31, 2025                Nationality              Domicile       Age per December 31, 2025
 Warga Negara Indonesia      Bogor          34 tahun                                 Warga Negara Indonesia    Bandung Barat 41 tahun
 Indonesian                  Bogor          34 years old                             Indonesian                West Bandung 41 years old


      Riwayat Jabatan                                                                     Riwayat Jabatan
      Career Experience                                                                   Career Experience
 • IT Planning Department Head (2022 –2025)                                          • Accounting and Tax Group Head (2021-2022)
 • IT Planning & Development Department Head (2020 –2022)                            • Financial Accounting Department Head (2019-2021)
 • Head of the Information Technology Planning Department (2022–2025)                • Accounting and Tax Group Head (2021-2022)
 • Head of the Information Technology Planning and Development                       • Financial Accounting Department Head (2019-2021)
   Department (2020–2022)


                                                                                         Riwayat Pendidikan
     Riwayat Pendidikan                                                                  Educational Background
     Educational Background                                                          • S1 Akuntansi, Universitas Padjadjaran (2011)
 S1 Teknik Informatika, Institut Teknologi Telkom (2013)                             • S2 Manajemen, Universitas Indonesia (2023)
 Bachelor of Computer Science, Telkom Institute of Technology (2013)                 • Bachelor’s degree of Accounting, Padjadjaran University (2011)
                                                                                     • Master’s degree of Management, University of Indonesia (2023)



    Dasar Hukum Pengangkatan                                                            Dasar Hukum Pengangkatan
    Legal Basis of Appointment                                                          Legal Basis of Appointment
 Keputusan Direksi 171/AA.P-6a/2025 tanggal 31 Desember 2025                         Keputusan Direksi No. 077/AA.P-6A/2022 tanggal 11 April 2022
 Board of Directors Decision 171/AA.P-6a/2025 dated December 31, 2025                Decision of the Board of Directors No. 077/AA.P-6A/2022 dated April 11,
                                                                                     2022




                                                                                                                  Rudi Kurniadi
                              Denny Chandra Irawan
                                                                                                                  Direktur Utama | President Director
                              Concession Business Planning Group Head                                             PT Jasamarga Transjawa Toll


     Kewarganegaraan            Domisili        Usia per 31 Desember 2025                Kewarganegaraan          Domisili        Usia per 31 Desember 2025
     Nationality                Domicile        Age per December 31, 2025                Nationality              Domicile        Age per December 31, 2025
 Warga Negara Indonesia      Jakarta        42 tahun                                 Warga Negara Indonesia    Bogor          57 tahun
 Indonesian                  Jakarta        42 years old                             Indonesian                Bogor          57 years old

      Riwayat Jabatan                                                                     Riwayat Jabatan
      Career Experience                                                                   Career Experience
 • Project Management Office Project Director (2025)                                 • Corporate Planning & Portofolio Management Group Head (2019-2020)
 • Proyek Pengembangan Akses Tol KM 1+842 & KM 42 Ruas                               • Direktur Keuangan PT Jasamarga Probolinggo Banyuwangi (2016-2018)
   Jakarta-Cikampek & KM 151 Ruas Padalarang-Cileunyi Project Director               • Corporate Planning & Portfolio Management Group Head (2019-2020)
   (2023-2025)                                                                       • Director of Finance of PT Jasamarga Probolinggo Banyuwangi (2016-2018)
 • Project Management Office Project Director (2025)
 • Project Director for the Development of Toll Road Access at KM 1+842 & KM             Riwayat Pendidikan
   42 on the Jakarta-Cikampek Section and KM 151 on the Padalarang-Cileunyi              Educational Background
   Section (2023-2025)                                                               • S1 Akuntansi, Universitas Padjajaran (1993)
                                                                                     • S2 Applied Finance, University of Melbourne (2001)
     Riwayat Pendidikan                                                              • Bachelor’s degree in Accounting, Padjadjaran University (1993)
     Educational Background                                                          • Master’s degree in Applied Finance, University of Melbourne (2001)
 • S1 Teknik Sipil, Universitas Indonesia (2007)
 • S2 Manajemen, Universitas Mercu Buana (2021)                                          Dasar Hukum Pengangkatan
 • S2 Manajemen, Universitas Indonesia (2023)                                            Legal Basis of Appointment
 • Bachelor’s degree of Civil Engineering, University of Indonesia(2007)             Keputusan Direksi No. 069/AA.P-6A/2020 tanggal 1 April 2020
 • Master’s degree of Management, Mercu Buana University (2021)                      Decision of the Board of Directors No. 069/AA.P-6A/2020 dated April
 • Master’s degree of Management, University of Indonesia (2023)                     1, 2020

    Dasar Hukum Pengangkatan
    Legal Basis of Appointment
 Keputusan Direksi No. 152/AA.P-6a/2025 Tanggal 20 November 2025
 Board of Directors Decision No. 152/AA.P-6a/2025 dated November 20, 2025




168                                                                                     Laporan Tahunan 2025 Annual Report       PT Jasa Marga (Persero) Tbk
Page 169
06                                   07                                      08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




                               Rini Irawaty                                                                     Oemi Vierta Moerdika
                               Direktur Utama | President Director                                              Direktur Utama | President Director
                               PT Jasamarga Kunciran Cengkareng                                                 PT Marga Trans Nusantara


     Kewarganegaraan           Domisili        Usia per 31 Desember 2025              Kewarganegaraan           Domisili        Usia per 31 Desember 2025
     Nationality               Domicile        Age per December 31, 2025              Nationality               Domicile        Age per December 31, 2025
 Warga Negara Indonesia     Jakarta        47 tahun                               Warga Negara Indonesia     Bekasi         50 tahun
 Indonesian                 Jakarta        47 years old                           Indonesian                 Bekasi         50 years old


                                                                                       Riwayat Jabatan
      Riwayat Jabatan
                                                                                       Career Experience
      Career Experience
                                                                                  • Direktur Utama PT Jasamarga Jogja Bawen (2022)
 • Direktur Teknik & Operasi PT Jasamarga Kunciran Cengkareng
                                                                                  • Direktur Teknik PT Jasamarga Jogja Bawen (2021-2022)
   (2021-2022)
                                                                                  • President Director of PT Jasamarga Jogja Bawen (2022)
 • Direktur Teknik & Operasi PT Marga Trans Nusantara (2021)
                                                                                  • Director of Engineering of PT Jasamarga Jogja Bawen (2021-2022)
 • Director of Engineering & Operations of PT Jasamarga Kunciran
   Cengkareng (2021-2022)
 • Director of Engineering & Operations of PT Marga Trans Nusantara (2021)
                                                                                      Riwayat Pendidikan
                                                                                      Educational Background
                                                                                  • S1 Teknik Sipil, Universitas Khatolik Parahyangan (1997)
     Riwayat Pendidikan                                                           • S2 Sistem dan Teknik Jalan Raya, Institut Teknologi Bandung (2002)
     Educational Background                                                       • Bachelor’s Degree of Civil Engineering, Parahyangan Catholic University
 S1 Teknik Sipil, Universitas Pancasila (2003)                                      (1997)
 Bachelor’s degree of Civil Engineering, Pancasila University (2003)              • Master’s Degree of Highway Systems and Engineering, Bandung Institute
                                                                                    of Technology (2002)



     Dasar Hukum Pengangkatan                                                        Dasar Hukum Pengangkatan
     Legal Basis of Appointment                                                      Legal Basis of Appointment
 Keputusan Direksi No. 004/AA.P6A/2022 tanggal 5 Januari 2022                     Keputusan Direksi No. 100/AA.P-6A/2022 tanggal 18 Mei 2022
 Decision of The Board of Directors No. 004/AA.P6A/2022 dated January             Decision of the Board of Directors No. 100/AA.P-6A/2022 dated May 18,
 5, 2022                                                                          2022




                               Mirza Nurul Handayani                                                            Florysco Partogi Siahaan
                               Direktur Utama | President Director                                              Direktur Utama | President Director
                               PT Cinere Serpong Jaya                                                           PT Marga Sarana Jabar


     Kewarganegaraan           Domisili        Usia per 31 Desember 2025              Kewarganegaraan           Domisili        Usia per 31 Desember 2025
     Nationality               Domicile        Age per December 31, 2025              Nationality               Domicile        Age per December 31, 2025
 Warga Negara Indonesia     Jakarta        45 tahun                               Warga Negara Indonesia     Bekasi         55 tahun
 Indonesian                 Jakarta        45 years old                           Indonesian                 Bekasi         55 years old


      Riwayat Jabatan                                                                  Riwayat Jabatan
      Career Experience                                                                Career Experience
 • Direktur Utama PT Jasamarga Jogja Bawen (2020-2021)                            • Direktur Utama PT Jasamarga Manado Bitung (2022-2024)
 • Direktur Teknik PT Jasamarga Kunciran Cengkareng (2018-2020)                   • Direktur Teknik & Operasi PT Marga Sarana Jabar (2019-2022)
 • President Director of PT Jasamarga Jogja Bawen (2020-2021)                     • President Director of PT Jasamarga Manado Bitung (2022-2024)
 • Director of Engineering of PT Jasamarga Kunciran Cengkareng                    • Director of Engineering & Operations of PT Marga Sarana
   (2018-2020)                                                                      Jabar (2019-2022)



     Riwayat Pendidikan                                                               Riwayat Pendidikan
     Educational Background                                                           Educational Background
 • S1 Teknik Sipil, Universitas Trisakti (2002)                                   S1 Teknik Sipil, Institut Teknologi Bandung (1994)
 • S2 Teknik Sipil, Universitas Indonesia (2007)                                  Bachelor’s degree of Civil Engineering, Bandung Institute of Technology
 • Bachelor’s degree of Civil Engineering, Trisakti University (2002)             (1994)
 • Master’s degree of Civil Engineering, University of Indonesia (2007)


                                                                                     Dasar Hukum Pengangkatan
    Dasar Hukum Pengangkatan                                                         Legal Basis of Appointment
    Legal Basis of Appointment                                                    Keputusan Direksi No. 113/AA.P-6a/2024 Tanggal 22 Juli 2024
 Keputusan Direksi No. 152/AA.P-6A/2021 tanggal 03 September 2021                 Decision of the Board of Directors No. 113/AA.P-6a/2024 dated July 22,
 Decision of the Board of Directors No. 152/AA.P-6A/2021 dated                    2024
 September 3, 2021




PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                                   169
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01                                 02                           03                    04                                           05
Ikhtisar Kinerja Utama             Laporan Manajemen            Profil Perusahaan      Analisa dan Pembahasan Manajemen             Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report            Company Profile        Management Discussion and Analysis           Business Support Functions




                                Hendri Taufik                                                                   Nasrullah
                                Direktur Utama | President Director                                             Direktur Utama | President Director
                                PT Jasamarga Jalanlayang Cikampek                                               PT Jasamarga Semarang Batang


     Kewarganegaraan            Domisili       Usia per 31 Desember 2025               Kewarganegaraan         Domisili        Usia per 31 Desember 2025
     Nationality                Domicile       Age per December 31, 2025               Nationality             Domicile        Age per December 31, 2025
 Warga Negara Indonesia      Bekasi        41 tahun                                Warga Negara Indonesia   Jakarta        40 tahun
 Indonesian                  Bekasi        41 years old                            Indonesian               Jakarta        40 years old


                                                                                       Riwayat Jabatan
      Riwayat Jabatan                                                                  Career Experience
      Career Experience                                                            • Concession Business Planning Group Head (2022)
 • Direktur Utama PT Jasamarga Gempol Pasuruan (2022)                              • General Manager Representative Office 2 RMT (2020-2022)
 • General Manager Office 3 RTT (2020-2022)                                        • Concession Business Planning Group Head (2022)
 • President Director of PT Jasamarga Gempol Pasuruan (2022)                       • General Manager Representative Office 2 RMT (2020 – 2022)
 • General Manager Office 3 RTT (2020-2022)
                                                                                       Riwayat Pendidikan
                                                                                       Educational Background
                                                                                   • S1 Teknik Electro, Universitas Gajah Mada (2012)
      Riwayat Pendidikan
                                                                                   • S2 Business Administrasion, Universitas Gajah Mada (2015)
      Educational Background
                                                                                   • S2 Master of Commerce, University of New South Wales, Australia (2018)
  S1 Teknik Sipil, Universitas Lampung (2007)
                                                                                   • Bachelor’s degree of Electrical Engineering, Gadjah Mada University
  Bachelor’s degree of Civil Engineering, Lampung University (2007)
                                                                                     (2012)
                                                                                   • Master’s degree of Business Administration, Gadjah Mada University
                                                                                     (2015)
                                                                                   • Master’s degree of Business Management, University of New South
      Dasar Hukum Pengangkatan                                                       Wales, Australia (2018)
      Legal Basis of Appointment
  Keputusan Direksi No. 268/AA.P-6a/2022 tanggal 22 November 2022                     Dasar Hukum Pengangkatan
  Decision of the Board of Directors No. 268/AA.P-6a/2022 dated November              Legal Basis of Appointment
  22, 2022                                                                         Keputusan Direksi No. 178/AA.P-6A/2022 tanggal 9 Agustus 2022
                                                                                   Decision of the Board of Directors No. 178/AA.P-6A/2022 dated August 9,
                                                                                   2022




                                Prajudi                                                                         Mery Natacha Panjaitan
                                Direktur Utama | President Director                                             Direktur Utama | President Director
                                PT Trans Marga Jateng                                                           PT Jasamarga Solo Ngawi


     Kewarganegaraan            Domisili       Usia per 31 Desember 2025               Kewarganegaraan         Domisili        Usia per 31 Desember 2025
     Nationality                Domicile       Age per December 31, 2025               Nationality             Domicile        Age per December 31, 2025
 Warga Negara Indonesia      Cimahi        57 tahun                                Warga Negara Indonesia   Jakarta        51 tahun
 Indonesian                  Cimahi        57 years old                            Indonesian               Jakarta        51 years old



      Riwayat Jabatan                                                                   Riwayat Jabatan
      Career Experience                                                                 Career Experience
 • Direktur Utama PT Jasamarga Semarang Batang (2020-2022)                         • Direktur Keuangan dan Operasi PT Ismawa Trimitra (2021-2022)
 • General Manager Representive Office 2 RTT Palikanci (2020)                      • Procurement & Fix Asset Group Head (2019-2021)
 • President Director of PT Jasamarga Semarang Batang (2020-2022)                  • Director of Finance & Operations PT Ismawa Trimitra (2021-2022)
 • General Manager Representative Office 2 RTT Palikanci (2020)                    • Procurement & Fix Asset Group Head (2019-2021)



     Riwayat Pendidikan                                                                Riwayat Pendidikan
     Educational Background                                                            Educational Background
 S1 Teknik Sipil, Intitut Teknologi Bandung (1992)                                 • S1 Teknik Sipil, Universitas HKBP Nommensen Medan (1998)
 Bachelor’s degree of Civil Engineering, Bandung Institute of Technology           • S2 Teknik Sipil, Universitas Indonesia (2002)
 (1992)                                                                            • Bachelor’s degree of Civil Engineering, HKBP Nommensen University,
                                                                                     Medan (1998)
                                                                                   • Master’s degree of Civil Engineering, University of Indonesia (2002)


     Dasar Hukum Pengangkatan
     Legal Basis of Appointment                                                       Dasar Hukum Pengangkatan
 Keputusan Direksi No. 179/AA.P-6A/2022 tanggal 09 Agustus 2022                       Legal Basis of Appointment
 Decision of the Board of Directors No. 178/AA.P-6A/2022 dated August              Keputusan Direksi No. 213/AA.P-6A/2022 tanggal 29 Agustus 2022
 9, 2022                                                                           Decision of the Board of Directors No. 213/AA.P-6A/2022 dated August 29,
                                                                                   2022




170                                                                                   Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 171
06                                  07                                       08
Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




                               Arie Irianto                                                                     Netty Renova
                               Direktur Utama | President Director                                              Direktur Utama | President Director
                               PT Jasamarga Ngawi Kertosono Kediri                                              PT Jasamarga Related Business


     Kewarganegaraan           Domisili        Usia per 31 Desember 2025              Kewarganegaraan           Domisili       Usia per 31 Desember 2025
     Nationality               Domicile        Age per December 31, 2025              Nationality               Domicile       Age per December 31, 2025
 Warga Negara Indonesia     Jakarta        53 tahun                               Warga Negara Indonesia     Bogor         52 tahun
 Indonesian                 Jakarta        53 years old                           Indonesian                 Bogor         52 years old


                                                                                       Riwayat Jabatan
      Riwayat Jabatan
                                                                                       Career Experience
      Career Experience
                                                                                  • Direktur Utama PT Jasamarga Pandaan Malang & PT Jasamarga
 • Direktur Utama PT Jasamarga Solo Ngawi (2021-2022)
                                                                                    Pandaan Tol (2021-2025)
 • Direktur Utama PT Jasamarga Semarang Batang (2018-2020)
                                                                                  • Direktur Keuangan PT Jasamarga Semarang Batang (2019-2021)
 • President Director of PT Jasamarga Solo Ngawi (2021-2022)
                                                                                  • President Director of PT Jasamarga Pandaan Malang & PT Jasamarga
 • President Director of PT Jasamarga Semarang Batang (2018-2020)
                                                                                    Pandaan Tol (2021-2025)
                                                                                  • Finance Director of PT Jasamarga Semarang Batang (2019-2021)

     Riwayat Pendidikan
     Educational Background                                                           Riwayat Pendidikan
 • S1 Teknik Sipil, Universitas Katolik Parahyangan (1995)                            Educational Background
 • S2 Teknik Sipil, Universitas Indonesia (2005)                                  • S1 Teknik Sipil, Universitas Gadjah Mada (1999)
 • Bachelor’s degree of Civil Engineering, Parahyangan Catholic University        • S2 Teknik Pembangunan Wilayah dan Kota, Universitas Diponegoro
   (1995)                                                                           (2011)
 • Master’s degree of Civil Engineering , University of Indonesia (2005)          • Bachelor’s degree of Civil Engineering, Gadjah Mada University (1999)
                                                                                  • Master’s degree of Urban and Regional Planning Engineering, Diponegoro
                                                                                    University (2011)

     Dasar Hukum Pengangkatan
     Legal Basis of Appointment                                                      Dasar Hukum Pengangkatan
 Keputusan Direksi No. 214/AA.P-6A/2022 tanggal 29 Agustus 2022                      Legal Basis of Appointment
 Decision of the Board of Directors No. 214/AA.P-6A/2022 dated August             Keputusan Direksi No. 165/AA.P-6a/2025 tanggal 15 Desember 2025
 29, 2022                                                                         Board of Directors Decision No. 165/AA.P-6a/2025 dated December 15,
                                                                                  2025




                                                                                                                Muhammad Taufik Akbar
                               Dominicus Hari Pratama                                                           Direktur Utama | President Director
                               Direktur Utama | President Director                                              PT Jasamarga Gempol Pasuruan
                               PT Jasamarga Surabaya Mojokerto                                                  Plt. Direktur Utama | Acting President
                                                                                                                Director PT Jasamarga Pandaan Malang &
                                                                                                                PT Jasamarga Pandaan Tol


     Kewarganegaraan           Domisili        Usia per 31 Desember 2025              Kewarganegaraan           Domisili       Usia per 31 Desember 2025
     Nationality               Domicile        Age per December 31, 2025              Nationality               Domicile       Age per December 31, 2025
 Warga Negara Indonesia     Malang         54 tahun                               Warga Negara Indonesia     Bekasi        39 tahun
 Indonesian                 Malang         54 years old                           Indonesian                 Bekasi        39 years old

                                                                                       Riwayat Jabatan
      Riwayat Jabatan                                                                  Career Experience
      Career Experience                                                           • Direktur Teknik PT Marga Trans Nusantara (2022)
 • Direktur Utama PT Jasamarga Jalanlayang Cikampek (2020-2022)                   • General Manager Office 1 RTT (2021-2022)
 • Direktur Utama PT Jasamarga Probolinggo Banyuwangi (2018-2020)                 • Director of Engineering of PT Marga Trans Nusantara (2022)
 • President Director of PT Jasamarga Jalanlayang Cikampek (2020-2022)            • General Manager Office 1 RTT (2021-2022)
 • President Director of PT Jasamarga Probolinggo Banyuwangi (2018-2020)
                                                                                      Riwayat Pendidikan
                                                                                      Educational Background
     Riwayat Pendidikan                                                           • S1 Teknik Industri, Universitas Gadjah Mada (2008)
     Educational Background                                                       • S2 Manajemen, Sekolah Tinggi Manajemen PPM (2020)
 • S1 Teknik Sipil, Institut Teknologi Bandung (1995)                             • Bachelor’s degree of Industrial Engineering, Gadjah Mada University
 • S2 Build Environment and Engineering, Queensland University of                   (2008)
   Technology, Australia (2000)                                                   • Master’s degree of Management, PPM School of Management (2020)
 • Bachelor’s degree of Civil Engineering, Sepuluh Nopember Institute of
   Technology (1995)
                                                                                      Dasar Hukum Pengangkatan
 • Master’s degree of Build Environment and Engineering, Queensland
                                                                                      Legal Basis of Appointment
   University of Technology, Australia (2000)
                                                                                  • Keputusan Direksi No. 267/AA.P-6a/2022 tanggal 22 November 2022
                                                                                    (sebagai Direktur Utama PT Jasamarga Gempol Pasuruan)
    Dasar Hukum Pengangkatan                                                      • Keputusan Direksi No. 307/EA.P-6c/2025 tanggal 15 Desember 2025
    Legal Basis of Appointment                                                      (sebagai Plt. Direktur Utama PT Jasamarga Pandaan Malang &
 Keputusan Direksi No. 269/AA.P-6a/2022 tanggal 22 November 2022                    PT Jasamarga Pandaan Tol)
 Decision of the Board of Directors No. 269/AA.P-6a/2022 dated                    • Board of Directors Decision No. 267/AA.P-6a/2022 dated November 22,
 November 22, 2022                                                                  2022 (as President Director of PT Jasamarga Gempol Pasuruan)
                                                                                  • Board of Directors Decision No. 307/EA.P-6c/2025 dated December 15,
                                                                                    2025 (as Acting President Director of PT Jasamarga Pandaan Malang &
                                                                                    PT Jasamarga Pandaan Tol)




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                                    171
Page 172
01                                 02                           03                     04                                            05
Ikhtisar Kinerja Utama             Laporan Manajemen            Profil Perusahaan       Analisa dan Pembahasan Manajemen              Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report            Company Profile         Management Discussion and Analysis            Business Support Functions




                                Thomas Dwiatmanto                                                                I Ketut Adiputra Karang
                                Direktur Utama | President Director                                              Direktur Utama | President Director
                                PT Jasamarga Kualanamu Tol                                                       PT Jasamarga Bali Tol


     Kewarganegaraan            Domisili        Usia per 31 Desember 2025              Kewarganegaraan          Domisili         Usia per 31 Desember 2025
     Nationality                Domicile        Age per December 31, 2025              Nationality              Domicile         Age per December 31, 2025
 Warga Negara Indonesia      Medan          50 tahun                               Warga Negara Indonesia    Denpasar        35 tahun
 Indonesian                  Medan          50 years old                           Indonesian                Denpasar        35 years old


     Riwayat Jabatan                                                                    Riwayat Jabatan
     Career Experience                                                                  Career Experience
 • General Manager Representative Office 3 RMT (2020-2022)                         • Toll Collection Department Head (2019-2020)
 • Senior Specialist PT Jasamarga Tollroad Operator (2020)                         • Toll Collection System Development Divisi Operation Management
 • General Manager Representative Office 3 RMT (2020-2022)                           (2016-2019)
 • Senior Specialist PT Jasamarga Tollroad Operator (2020)                         • Toll Collection Department Head (2019-2020)
                                                                                   • Toll Collection System Development Divisi Operation Management
                                                                                     (2016- 2019)


     Riwayat Pendidikan                                                                Riwayat Pendidikan
     Educational Background                                                            Educational Background
 S1 Teknik Sipil, Sekolah Tinggi Teknologi Jakarta (2000)                          • S1 Teknik Sipil, Universitas Udayana (2011)
 Bachelor’s degree of Civil Engineering, Sekolah Tinggi Teknologi Jakarta          • S2 Teknik Sipil, Universitas Udayana (2024)
 (2000)                                                                            • Bachelor’s degree of Civil Engineering, Udayana University (2011)
                                                                                   • Master’s degree of Civil Engineering, Udayana University (2024)


     Dasar Hukum Pengangkatan
                                                                                      Dasar Hukum Pengangkatan
     Legal Basis of Appointment
                                                                                      Legal Basis of Appointment
 Keputusan Direksi No. 215/AA.P-6a/2022 Tanggal 31 Agustus 2022
                                                                                   Keputusan Direksi No. 173/AA.P-6a/2020 tanggal 28 Agustus 2020
 Decision of the Board of Directors No. 215/AA.P-6a/2022 dated August
                                                                                   Decision of the Board of Directors No. 173/AA.P-6a/2020 dated August 28,
 31, 2022
                                                                                   2020




                                Muhammad Taufiq                                                                  Charles Lendra
                                Direktur Utama | President Director
                                                                                                                 Direktur Utama | President Director
                                PT Jasamarga Balikpapan Samarinda &
                                                                                                                 PT Jasamarga Japek Selatan
                                PT Jasamarga Manado Bitung


     Kewarganegaraan             Domisili       Usia per 31 Desember 2025              Kewarganegaraan          Domisili         Usia per 31 Desember 2025
     Nationality                 Domicile       Age per December 31, 2025              Nationality              Domicile         Age per December 31, 2025
 Warga Negara Indonesia      Kutai          41 tahun                               Warga Negara Indonesia    Bogor           55 tahun
 Indonesian                  Kartanegara    41 years old                           Indonesian                Bogor           55 years old
                             Kutai
                             Kartanegara
                                                                                        Riwayat Jabatan
      Riwayat Jabatan                                                                   Career Experience
      Career Experience                                                            • Direktur Utama PT Jasamarga Manado Bitung (2021-2022)
 • Direktur Teknik PT Jasamarga Akses Patimban (2023)                              • Direktur Utama PT Jasamarga Pandaan Malang (2020-2021)
 • Direktur Teknik PT Jasamarga Gempol Pasuruan (2022-2023)                        • President Director of PT Jasamarga Manado Bitung (2021-2022)
 • Director of Engineering of PT Jasamarga Akses Patimban (2023)                   • President Director of PT Jasamarga Pandaan Malang (2020-2021)
 • Director of Engineering of PT Jasamarga Gempol Pasuruan (2022-2023)

      Riwayat Pendidikan                                                               Riwayat Pendidikan
      Educational Background                                                           Educational Background
  S1 Teknik Sipil, Institut Teknologi Sepuluh Nopember (2008)                      • S1 Teknik Sipil, Institut Teknologi Sepuluh November (1995)
  Bachelor’s degree of Civil Engineering, Sepuluh Nopember Institute of            • S2 Teknik Perencanaan Wilayah dan Kota, Universitas Diponegoro, (2012)
  Technology (2008)                                                                • Bachelor’s degree of Civil Engineering, Sepuluh Nopember Institute of
                                                                                     Technology (1995)
      Dasar Hukum Pengangkatan                                                     • Master’s degree of Urban and Regional Planning Engineering, Diponegoro
      Legal Basis of Appointment                                                     University (2012)
  • Keputusan Direksi No. 168/AA.P-6a/2023 tanggal 23 Oktober 2023
    (Direktur Utama PT Jasamarga Balikpapan Samarinda)
  • Keputusan Direksi No. 325/EA.P-6c/2024 tanggal 22 Juli 2024 (Direktur             Dasar Hukum Pengangkatan
    Utama PT Jasamarga Manado Bitung)                                                 Legal Basis of Appointment
  • Decision of the Board of Directors No. 168/AA.P-6a/2023 dated October          Dasar Hukum Pengangkatan Keputusan Direksi No. 013/AA.P-6a/2022
    23, 2023 (President Director of PT Jasamarga Balikpapan Samarinda)             Tanggal 09 Maret 2022
  • Decision of the Board of DirectorsNo. 325/EA.P-6c/2024 dated July 22,          Decision of the Board of Directors No. 013/AA.P-6a/2022 dated March 9,
    2024 (President Director of PT Jasamarga Manado Bitung)                        2022




172                                                                                   Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 173
06                                  07                                       08
Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




                                                                                                                Suchandra Paganda
                               A.J Dwi Winarsa                                                                  Hutabarat
                               Direktur Utama | President Director                                              Direktur Utama | President Director
                               PT Jasamarga Jogja Bawen                                                         PT Jasamarga Tollroad Maintenance


     Kewarganegaraan           Domisili        Usia per 31 Desember 2025              Kewarganegaraan          Domisili        Usia per 31 Desember 2025
     Nationality               Domicile        Age per December 31, 2025              Nationality              Domicile        Age per December 31, 2025
 Warga Negara Indonesia     Jakarta        54 tahun                               Warga Negara Indonesia    Bogor          51 tahun
 Indonesian                 Jakarta        54 years old                           Indonesian                Bogor          51 years old


                                                                                       Riwayat Jabatan
      Riwayat Jabatan
                                                                                       Career Experience
      Career Experience
                                                                                  • Direktur Utama PT Jasamarga Jogja Solo (2022-2024)
 • Direktur Utama PT Jasamarga Tollroad Operator (2021-2022)
                                                                                  • Direktur Operasi PT Jasamarga Tollroad Maintenaince (2021-2022)
 • Direktur Utama PT Trans Marga Jateng (2020-2021)
                                                                                  • President Director of PT Jasamarga Jogja Solo (2022-2024)
 • President Director of PT Jasamarga Tollroad Operator (2021-2022)
                                                                                  • Director of Operations PT Jasamarga Tollroad Maintenaince (2021-2022)
 • President Director of PT Trans Marga Jateng (2020-2021)



     Riwayat Pendidikan                                                               Riwayat Pendidikan
     Educational Background                                                           Educational Background
 • S1 Teknik Sipil, Institut Teknologi Bandung (1996)                             • S1 Teknik Sipil, Universitas Krisnadwipayana (2000)
 • S2 Manajemen, Universitas Indonesia (2005)                                     • S2 Perancangan Wilayah & Tata Kota, Universitas Diponegoro (2010)
 • Bachelor’s degree of Civil Engineering, Bandung Institute of Technology        • Bachelor’s degree of Civil Engineering, Krisnadwipayana University
 • (1996)                                                                           (2000)
 • Master’s degree of Management, University of Indonesia (2005)                  • Master’s degree of Urban and Regional Planning Engineering, Diponegoro
                                                                                    University (2010)



    Dasar Hukum Pengangkatan                                                          Dasar Hukum Pengangkatan
    Legal Basis of Appointment                                                        Legal Basis of Appointment
 Keputusan Direksi No. 100/AA.P-6A/2022 tanggal 18 Mei 2022                       Keputusan Direksi No. 048/AA.P-6A/2024 tanggal 27 Februari 2024
 Decision of the Board of Directors No. 100/AA.P-6A/2022 dated May 18,            Decision of the Board of Directors No. 048/AA.P-6A/2024 dated February
 2022                                                                             27, 2024




                               Adi Prasetyanto                                                                  Victor Nazarenko Mahandre
                               Direktur Utama | President Director                                              Direktur Utama | President Director
                               PT Jasamarga Probolinggo Banyuwangi                                              PT Jasamarga Akses Patimban


     Kewarganegaraan           Domisili        Usia per 31 Desember 2025              Kewarganegaraan          Domisili        Usia per 31 Desember 2025
     Nationality               Domicile        Age per December 31, 2025              Nationality              Domicile        Age per December 31, 2025
 Warga Negara Indonesia     Semarang       52 tahun                               Warga Negara Indonesia    Jakarta        41 tahun
 Indonesian                 Semarang       52 years old                           Indonesian                Jakarta        41 years old


      Riwayat Jabatan                                                                  Riwayat Jabatan
      Career Experience                                                                Career Experience
 • Information Technology Group Head (2019-2020)                                  • Business Development Group Head (2022-2023)
 • Business Management Group Head (2019)                                          • Toll Road Business Development Group Head (2020-2022)
 • Information Technology Group Head (2019-2020)                                  • Business Development Group Head (2022-2023)
 • Business Management Group Head (2019)                                          • Toll Road Business Development Group Head (2020-2022)



     Riwayat Pendidikan                                                               Riwayat Pendidikan
     Educational Background                                                           Educational Background
 • S1 Teknik Sipil, Universitas Diponegoro (1996)                                 S1 Teknik Sipil, Universitas Gajah Mada (2007)
 • S2 Manajemen Proyek, Universitas Indonesia (2003)                              Bachelor’s degree of Civil Engineering, Gadjah Mada University (2007)
 • Bachelor’s degree of Civil Engineering, Diponegoro University (1996)
 • Master’s degree of Project Management, University of Indonesia (2003)

                                                                                      Dasar Hukum Pengangkatan
                                                                                      Legal Basis of Appointment
     Dasar Hukum Pengangkatan                                                     Keputusan Direksi No. 005/AA.P-6A/2023 Tanggal 16 Januari 2023
     Legal Basis of Appointment                                                   Decision of the Board of Directors No. 005/AA.P-6A/2023 dated January
 Keputusan Direksi No. 152/AA.P-6A/2020 tanggal 24 Agustus 2020                   16, 2023
 Decision of the Board of Directors No. 152/AA.P-6A/2020 dated August
 24, 2020




PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                                   173
Page 174
01                                 02                            03                     04                                          05
Ikhtisar Kinerja Utama             Laporan Manajemen             Profil Perusahaan       Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report             Company Profile         Management Discussion and Analysis          Business Support Functions




                                Tri Wahyu Subekti                                                                Rudy Hardiansyah
                                Direktur Utama | President Director                                              Direktur Utama | President Director
                                PT Jasamarga Tollroad Operator                                                   PT Jasamarga Jogja Solo


     Kewarganegaraan            Domisili        Usia per 31 Desember 2025               Kewarganegaraan         Domisili         Usia per 31 Desember 2025
     Nationality                Domicile        Age per December 31, 2025               Nationality             Domicile         Age per December 31, 2025
 Warga Negara Indonesia      Depok          43 tahun                                Warga Negara Indonesia   Bekasi          54 tahun
 Indonesian                  Depok          43 years old                            Indonesian               Bekasi          54 years old


      Riwayat Jabatan                                                                    Riwayat Jabatan
      Career Experience                                                                  Career Experience
 • Direktur Operasi PT JMTO (2024-2025)                                             • Direktur Utama PT Jasamarga Tollroad Maintenance (2019-2024)
 • Direktur Teknik & Operasi PT JMTO (2022-2024)                                    • Maintenance Group Head (2019)
 • Director of Operations PT JMTO(2024-2025)                                        • President Director of PT Jasamarga Tollroad Maintenance (2019-2024)
 • Director of Engineering & Operations PT JMTO (2022-2024)                         • Maintenance Group Head (2019)



     Riwayat Pendidikan                                                                 Riwayat Pendidikan
     Educational Background                                                             Educational Background
 S1 Teknik Sipil, Universitas Gadjah Mada (2005)                                    • S1 Teknik Sipil, Institut Teknologi Bandung (1996)
 Bachelor’s degree in Civil Engineering, Gadjah Mada University (2005)              • S2 Magister Teknik Sipil, Universitas Katolik Parahyangan (2010)
                                                                                    • Bachelor’s degree of Civil Engineering, Bandung Institute of Technology
                                                                                      (1996)
                                                                                    • Master’s degree of Civil Engineering, Parahyangan Catholic University,
    Dasar Hukum Pengangkatan
                                                                                    • Bandung (2010)
    Legal Basis of Appointment
 Keputusan Direksi No. 159/AA.P-6a/2025 tanggal 26 November 2025
 Decision of the Board of Directors No. 159/AA.P-6a/2025 dated
 November 26, 2025                                                                      Dasar Hukum Pengangkatan
                                                                                        Legal Basis of Appointment
                                                                                    Keputusan Direksi No. 047/AA.P-6A/2024 tanggal 27 Februari 2024
                                                                                    Decision of the Board of Directors No. 047/AA.P-6A/2024 dated February
                                                                                    27, 2024




                                Abdul Hamid                                                                    Hendra Nata Saputra
                                Pjs. Direktur Utama | President Director                                       Plt. Project Management Office Project
                                Dana Pensiun Jasamarga                                                         Director


     Kewarganegaraan            Domisili        Usia per 31 Desember 2025               Kewarganegaraan         Domisili         Usia per 31 Desember 2025
     Nationality                Domicile        Age per December 31, 2025               Nationality             Domicile         Age per December 31, 2025
 Warga Negara Indonesia      Tangerang      50 tahun                                Warga Negara Indonesia   Depok           43 tahun
 Indonesian                  Tangerang      50 years old                            Indonesian               Depok           43 years old


      Riwayat Jabatan                                                                   Riwayat Jabatan
      Career Experience                                                                 Career Experience
 • Direktur DPJM (2025-Sekarang)                                                    • Operation 2 General Manager PT JMTM (2021-2025)
 • Human Capital Development Advisor (2024-2025)                                    • General Manager Project Maintenance PT JMTM (2021)
 • Director of DPJM (2025-Present)
 • Human Capital Development Advisor (2024-2025)
                                                                                        Riwayat Pendidikan
     Riwayat Pendidikan                                                                 Educational Background
     Educational Background                                                         • S1 Teknik Sipil, Universitas Gadjah Mada (2008)
 • S1 Manajemen, Universitas Surapati (2003)                                        • S2 Sistem dan Teknik Transportasi, Universitas Gadjah Mada (2011)
 • S2 Ilmu Pemerintahan, Universitas Pramita indonesia (2021)                       • Bachelor of Civil Engineering, Gadjah Mada University (2008)
 • Bachelor’s degree in Management, Surapati University (2003)                      • Master of Transportation Systems and Engineering, Gadjah Mada
 • Master’s degree in Government Science, Pramita Indonesia University                University (2011)
   (2021)

                                                                                       Dasar Hukum Pengangkatan
                                                                                       Legal Basis of Appointment
    Dasar Hukum Pengangkatan
                                                                                    Keputusan Direksi No. 151/EA.P-6a/2025 Tanggal 20 November 2025
    Legal Basis of Appointment
                                                                                    Board of Directors Decision No. 151/EA.P-6a/2025 dated November 20,
 Keputusan Rapat Pengurus Dana Pensiun Jasa Marga
                                                                                    2025
 General Meeting of Shareholders Resolution of Dana Pensiun Jasa Marga




174                                                                                    Laporan Tahunan 2025 Annual Report       PT Jasa Marga (Persero) Tbk
Page 175
06                                 07                                         08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




      Lisye Octaviana
      Corporate Communication & Community Development Group Head




      Aldrin Maulana
      Non-Concession Business Management & Investment Group Head




      Widiyatmiko Nursejati
      Jasamarga Metropolitan Tollroad Regional Division Senior General Manager




      Tyas Pramoda Wardhani
      Jasamarga Nusantara Tollroad Regional Division Senior General Manager




      George I.M.P Manurung
      Toll Project Development Group Head




                 Dapat dilihat pada pembahasan Profil Komite
                            Tata Kelola Terintegrasi.
                Can be seen in the discussion of the Integrated
                       Governance Committee Profile.




PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                          175
Page 176
01                                   02                             03                        04                                          05
Ikhtisar Kinerja Utama               Laporan Manajemen              Profil Perusahaan          Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights           Management Report              Company Profile            Management Discussion and Analysis          Business Support Functions




Demografi Karyawan 2024-2025
Employee Demography 2024-2025

Jumlah Karyawan berdasarkan Tingkat Organisasi
Total Employees by Organization Level
Tabel Jumlah Karyawan berdasarkan Tingkat Organisasi Periode 2024-2025                                                                          (dalam satuan orang)
Table of Total Employee by Organization Level during 2024-2025                                                                                            (in person)


                                                                      2025                                                         2024
       Tingkat Organisasi
       Organization Level                     Pria          Wanita          Jumlah                           Pria        Wanita        Jumlah
                                                                                               %                                                            %
                                              Male          Female           Total                           Male        Female         Total
 Manajemen Puncak
                                                54             23              77              1,0            53            23             76              1,0
 Top Management

 Manajemen Madya
                                               149             96             245              3,1            153           95            248              3,1
 Middle Management

 Manajemen Dasar
                                               287             78             365              4,7           269            74            343              4,3
 Basic Management

 Pelaksana
                                              5.865           1.281           7.146           91,2           5.983         1.269          7.252           91,6
 Officers

 Total                                        6.355           1.478          7.833           100,0           6.458         1.461          7.919          100,0

 Keterangan/Notes:

 Manajemen Puncak            :   Corporate Secretary & CAO, Senior Group Head, Group Head, Senior General Manager, Project Director, Direktur Anak Perusahaan,
 Top Management                  Advisor, Senior Expert, Senior Auditor
                                 Corporate Secretary & CAO, Senior Group Head, Group Head, Senior General Manager, Project Director, Subsidiaries Directors,
                                 Advisor, Senior Expert, Senior Auditor
 Manajemen Madya             :   Department Head, Senior Manager, Project Leader, Project Manager, Koordinator Area, Koordinator Bidang, Koordinator Program,
 Middle Management               Senior Specialist, Expert, Auditor
                                 Department Head, Senior Manager, Project Leader, Project Manager, Area Coordinator, Field Coordinator, Coordinator Program,
                                 Senior Specialist, Expert, Auditor
 Manajemen Dasar             :   Section Head, Specialist, Junior Auditor, Senior Treasurer, Junior Expert
 Basic Management
 Pelaksana                   :   Assistant, Treasurer, Senior Officer Treasurer, Senior Officer, Officer, Supervisor, Customer Service, Mobile Customer Service,
 Officers                        Traffic Information Center Communicator, Rescue, Ambulance, Driver, Messenger




Jumlah Karyawan berdasarkan Tingkat Pendidikan
Total Employees by Education Level
Tabel Jumlah Karyawan berdasarkan Tingkat Pendidikan Periode 2024-2025                                                                          (dalam satuan orang)
Table of Total Employee by Education Level during 2024-2025                                                                                               (in person)


                                                                      2025                                                         2024
      Tingkat Pendidikan
        Education Level                       Pria          Wanita          Jumlah                           Pria        Wanita        Jumlah
                                                                                               %                                                            %
                                              Male          Female           Total                           Male        Female         Total
 S3
                                                 -              -               -               -              -             -              -               -
 Doctoral Degree

 S2
                                               132             83              215             2,7            122           71            193              2,4
 Master’s Degree

 Sarjana dan Sederajat
                                              1.740            607           2.347            30,0           1.772         603            2.375           30,0
 Bachelor’s Degree

 Diploma
                                               155             52             207             2,6             175           53            228              2,9
 Diploma Degree

 SLTA
                                              4.328            736           5.064            64,7           4.389          734           5.123           64,7
 Senior High School

 Lainnya
                                                 -              -               -               -              -             -              -               -
 Others

 Total                                        6.355           1.478          7.833           100,0           6.458         1.461          7.919          100,0




176                                                                                          Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 177
06                                 07                                          08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan            Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility             Reference of POJK, SEOJK, and ARA Criteria




Jumlah Karyawan berdasarkan Status Kepegawaian
Total Employees by Employment Status
Tabel Jumlah Karyawan berdasarkan Status Kepegawaian Periode 2024-2025                                                                    (dalam satuan orang)
Table of Total Employees by Employment Status during 2024-2025                                                                                      (in person)


                                                                2025                                                           2024
     Status Kepegawaian
      Employment Status                  Pria          Wanita         Jumlah                           Pria          Wanita         Jumlah
                                                                                         %                                                            %
                                         Male          Female          Total                           Male          Female          Total
 Karyawan Tetap
                                            3.562              958       4.520               57,4         3.745              978        4.723             59,5
 Permanent Employees

 Karyawan Tidak Tetap (Kontrak)
 Non-Permanent Employees                    2.793              520       3.313               42,1         2.713              483        3.196           40,2
 (Contract)

 Sub Total                                  6.355          1.478         7.833             99,5          6.458              1.461       7.919           99,7

 Trainee*                                         22            17             39              0,5             15              9              24            0,3

 Total                                      6.377          1.495         7.872            100,0          6.473              1.470       7.943         100,0
 Keterangan/Notes:
 *)
    Trainee merupakan calon karyawan Perseroan dalam masa percobaan dengan status kepegawaian di luar karyawan tetap maupun karyawan tidak tetap/kontrak.
 *)
    Trainee is the Company’s employee candidate under probation with the employment status of outside of permanent or contract employee.




Jumlah Karyawan berdasarkan Rentang Usia
Total Employees by Age Group

Tabel Jumlah Karyawan berdasarkan Rentang Usia Periode 2024-2025                                                                          (dalam satuan orang)
Table of Total Employee by Age Group during 2024-2025                                                                                               (in person)


                                                                2025                                                           2024
          Rentang Usia
           Age Group                     Pria          Wanita         Jumlah                           Pria          Wanita         Jumlah
                                                                                         %                                                            %
                                         Male          Female          Total                           Male          Female          Total
 20-24                                    1.171          253           1.424            18,2           1.298           253            1.551         19,6

 25-29                                    1.147          266           1.413            18,0           1.138           288            1.426         18,0

 30-34                                   1.435           459           1.894            24,2           1.495           430            1.925         24,3

 35-39                                    834            165           999              12,8            669            134            803            10,1

 40-44                                    312             51           363               4,6            279             53            332            4,2

 45-49                                    482            143           625               8,0            605            170            775            9,8

 50-54                                    825            112           937              12,0            819             96            915            11,6

 >54                                      149            29             178              2,3            155             37            192            2,4

 Total                                   6.355          1.478          7.833           100,0          6.458           1.461           7.919        100,0




PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                                                      177
Page 178
01                            02                         03                  04                                          05
Ikhtisar Kinerja Utama        Laporan Manajemen          Profil Perusahaan    Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights    Management Report          Company Profile      Management Discussion and Analysis          Business Support Functions




Jumlah Karyawan berdasarkan Masa Kerja
Total Employees by Tenure
Tabel Jumlah Karyawan berdasarkan Masa Kerja Periode 2024-2025                                                                  (dalam satuan orang)
Table of Total Employee by Tenure during 2024-2025                                                                                        (in person)



                                                          2025                                                    2024
       Masa Kerja (Tahun)
         Tenure (Years)              Pria         Wanita        Jumlah                     Pria         Wanita        Jumlah
                                                                              %                                                             %
                                     Male         Female         Total                     Male         Female         Total
 <3                                  2.007         432            2.439       31,1         1.786           373           2.159            27,3

 4-5                                  846          161            1.007      12,9          996             169           1.165             14,7

 6-10                                 820          233            1.053      13,4         2.453            591           3.044            38,4

 11-15                               1.618         393            2.011      25,7           89             66            155               2,0

 16-20                                 35           24              59        0,8            5              -               5              0,1

 21-25                                160           42             202        2,6           194            45            239               3,0

 26-30                                421          111             532        6,8           688            154           842              10,6

 >30                                  448           82             530        6,8           247            63            310               3,9

 Total                               6.355        1.478           7.833      100,0        6.458           1.461          7.919           100,0




Jumlah Karyawan berdasarkan Jenis Kelamin
Total Employees by Gender
Tabel Jumlah Karyawan berdasarkan Jenis Kelamin Periode 2024-2025                                                               (dalam satuan orang)
Table of Total Employees by Gender during 2024-2025                                                                                       (in person)



                  Jenis Kelamin                                      2025                                          2024
                     Gender
 Pria
                                                                     6.355                                          6.458
 Male

 Wanita
                                                                     1.478                                          1.461
 Female

 Total                                                               7.833                                          7.919




178                                                                          Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
Page 179
06                                07                                    08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




Pendidikan dan/atau Pelatihan Dewan Komisaris,
Direksi, Komite-Komite, Sekretaris Perusahaan,
Unit Audit Internal, dan Unit Manajemen Risiko
Education and/or Training for the Board of Commissioners, Board
of Directors, Committees, Corporate Secretary, Internal Audit Unit,
and Risk Management Unit

Pendidikan dan/atau pelatihan yang diikuti oleh Dewan                     Education and/or training attended by the Board of
Komisaris, Direksi, Komite-Komite, Sekretaris Perusahaan,                 Commissioners, Board of Directors, Committees, Corporate
Unit Audit Internal, dan Unit Manajemen Risiko hingga 31                  Secretary, Internal Audit Unit, and Risk Management Unit up
Desember 2025 adalah sebagai berikut:                                     to December 31, 2025, is as follows:


Pengembangan Kompetensi Dewan Komisaris
Board of Commissioners Competency Development

Tabel Pengembangan Kompetensi Dewan Komisaris
Table of the Board of Commissioners Competency Development


                                                                                                          Waktu
      Nama             Jabatan           Materi Pengembangan Kompetensi/Pelatihan                      Pelaksanaan       Penyelenggara
      Name             Position          Subject of Competency Development/Training                   Implementation       Organizer
                                                                                                           Date
 Juri Ardiantoro*    Komisaris    Certified Governance Oversight Professional (CGOP)                 06 November 2025   CRMS Indonesia
                     Utama                                                                           November 6, 2025   (Center for Risk
                     President                                                                                          Management Studies)
                     Commissioner

 Syamsul Bachri      Komisaris    Professional Recognition Program (PRP) Qualified                   13 Juni 2025       Yayasan Pendidikan
 Yusuf               Commissioner Government Internal Auditor (QGIA)                                 June 13, 2025      Internal Audit (YPIA)
                                                                                                                        Internal Audit
                                                                                                                        Education
                                                                                                                        Foundation (YPIA)

                                       Certified Governance Oversight Professional (CGOP)            06 November 2025   CRMS Indonesia
                                                                                                     November 6, 2025   (Center for Risk
                                                                                                                        Management Studies)

 Asrorun Ni’am       Komisaris    Seminar aplikasi regulatory compliance system                      29 September 2025 PT BSI
 Sholeh              Commissioner Seminar on the regulatory compliance system application            September 29, 2025

                                       Certified Governance Oversight Professional (CGOP)            06 November 2025   CRMS Indonesia
                                                                                                     November 6, 2025   (Center for Risk
                                                                                                                        Management Studies)

 Nachrowi Ramli      Komisaris    Seminar aplikasi regulatory compliance system                      29 September 2025 PT BSI
                     Independen   Seminar on the regulatory compliance system application            September 29, 2025
                     Independent
                                  Certified Governance Oversight Professional (CGOP)                 06 November 2025   CRMS Indonesia
                     Commissioner
                                                                                                     November 6, 2025   (Center for Risk
                                                                                                                        Management Studies)

 Rudi                Komisaris    Certification In Audit Committee Practices CACP 2025             1 Juli 2025        Ikatan Komite Audit
 Antariksawan        Independen   Batch 59                                                           July 1, 2025       Indonesia (IKAI)
                     Independent                                                                                        Indonesian Institute
                     Commissioner                                                                                       of Audit Committee
                                                                                                                        (IKAI)

                                       Pelatihan Implementasi GRC dan Sertifikasi CGRCEO             19 Agustus 2025    CRMS Indonesia
                                       Training on GRC Implementation and CGRCEO                     July 19, 2025      (Center for Risk
                                       Certification                                                                    Management Studies)

                                       Pelatihan PPL IKAI: Internal Control Over Financial          26 Agustus 2025     Ikatan Komite Audit
                                       Reporting (ICOFR)                                            August 26, 2025     Indonesia (IKAI)
                                       IKAI PPL Training: Internal Control Over Financial Reporting                     Indonesian Institute
                                       (ICOFR)                                                                          of Audit Committee
                                                                                                                        (IKAI)




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                        179
Page 180
01                                  02                       03                     04                                        05
Ikhtisar Kinerja Utama              Laporan Manajemen        Profil Perusahaan       Analisa dan Pembahasan Manajemen          Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report        Company Profile         Management Discussion and Analysis        Business Support Functions




Tabel Pengembangan Kompetensi Dewan Komisaris
Table of the Board of Commissioners Competency Development


                                                                                                               Waktu
       Nama                  Jabatan       Materi Pengembangan Kompetensi/Pelatihan                         Pelaksanaan          Penyelenggara
       Name                  Position      Subject of Competency Development/Training                      Implementation          Organizer
                                                                                                                Date
 Rudi                  Komisaris    Sustainability Reporting: Impact & Implementation of               30 September 2025 Ikatan Akuntansi
 Antariksawan          Independen   PSPK 1 & 2 for Professionals                                       September 30, 2025 Indonesia (IAI)
                       Independent                                                                                        Indonesian
                       Commissioner                                                                                       Accountants
                                                                                                                          Association (IAI)

                                         Professional Recognition Program PRP) for Qualified          03 Oktober 2025       Yayasan Pendidikan
                                         Internal Auditor QIA                                        October 3, 2025       Internal Audit (YPIA)
                                                                                                                             Internal Audit
                                                                                                                             Education Foundation
                                                                                                                             (YPIA)

                                         Certified Governance Oversight Professional CGOP            06 November 2025      CRMS Indonesia
                                                                                                       November 6, 2025      (Center for Risk
                                                                                                                             Management Studies)

                                         Seminar Nasional Internal Audit (SNIA) 2025 “Whatʼs           03 Desember 2025      Yayasan Pendidikan
                                         Driving Change to Stay Ahead of The Curve for Internal        December 3, 2025      Internal Audit (YPIA)
                                         Auditors in The Coming Years?”                                                      Internal Audit
                                         National Internal Audit Seminar (SNIA) 2025 ‘What’s                                 Education Foundation
                                         Driving Change to Stay Ahead of The Curve for Internal                              (YPIA)
                                         Auditors in The Coming Years?’

                                         Pelatihan SAK For Executive                                   11 Desember 2025      Ikatan Akuntansi
                                         SAK Training for Executives                                   December 11, 2025     Indonesia (IAI)
                                                                                                                             Indonesian
                                                                                                                             Accountants
                                                                                                                             Association (IAI)

 Seppalga              Komisaris         Pelatihan dan Sertifikasi Double Degree Certified Human       21 Januari 2025       HR Academy
 Ahmad**               Independen        Capital General Manager (CHGM)                                January 21, 2025
                       Independent       Training and Certification for Double Degree Certified
                       Commissioner      Human Capital General Manager (CHGM)

                                         Kick Off dan Workshop "Desain dan Implementasi Internal 14 April 2025               Ernst & Young
                                         Control Over Financial Reporting (ICOFR) PT Jasa Marga  April 14, 2025
                                         (Persero) Tbk"
                                         Kick-off and Workshop on “Design and Implementation
                                         of Internal Control over Financial Reporting (ICOFR) at
                                         PT Jasa Marga (Persero) Tbk”

                                         Jenjang Kualifikasi 5 Bidang Pasar Modal Subbidang            20 Mei 2025           The Indonesia
                                         Penjamin Emisi Efek                                           May 20, 2025          Capital Market
                                         Qualification Level 5 Capital Market Sub-field Securities                           Institute (TICMI)
                                         Underwriting

                                         Professional Recognition Program PRP) for Qualified          03 Oktober 2025       Yayasan Pendidikan
                                         Internal Auditor QIA                                        October 3, 2025       Internal Audit (YPIA)
                                                                                                                             Internal Audit
                                                                                                                             Education Foundation
                                                                                                                             (YPIA)

                                         Certified Governance Oversight Professional CGOP            06 November 2025      CRMS Indonesia
                                                                                                       November 6, 2025      (Center for Risk
                                                                                                                             Management Studies)

                                         Seminar Nasional Internal Audit (SNIA) 2025 “Whatʼs           03 Desember 2025      Yayasan Pendidikan
                                         Driving Change to Stay Ahead of The Curve for Internal        December 3, 2025      Internal Audit (YPIA)
                                         Auditors in The Coming Years?”                                                      Internal Audit
                                         National Internal Audit Seminar (SNIA) 2025 ‘What’s                                 Education Foundation
                                         Driving Change to Stay Ahead of The Curve for Internal                              (YPIA)
                                         Auditors in The Coming Years?’

 Tedi                  Komisaris    -                                                                  -                     -
 Kurniawan***          Independen
                       Independent
                       Commissioner
 *) Resmi menjabat per 7 Mei 2025 berdasarkan Keputusan RUPS Tahunan tanggal 7 Mei 2025.
 **) Berhenti menjabat per 17 Desember 2025 berdasarkan Keputusan RUPS Luar Biasa tanggal 17 Desember 2025.
 ***) Resmi menjabat per 17 Desember 2025 berdasarkan Keputusan RUPS Luar Biasa tanggal 17 Desember 2025.
 *) Officially appointed as of May 7, 2025 based on the Annual General Meeting of Shareholders Resolution dated May 7, 2025.
 **) Ceased to hold office as of December 17, 2025 based on the Extraordinary General Meeting of Shareholders Resolution dated December 17, 2025.
 ***) Officially appointed as of December 17, 2025 based on the Extraordinary General Meeting of Shareholders Resolution dated December 17, 2025.




180                                                                                Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
Page 181
06                                07                                    08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




Pengembangan Kompetensi Direksi
Board of Directors Competency Development
Tabel Pengembangan Kompetensi Direksi
Table of the Board of Directors Competency Development



                                                                                                              Waktu
      Nama              Jabatan            Materi Pengembangan Kompetensi/Pelatihan                        Pelaksanaan       Penyelenggara
      Name              Position           Subject of Competency Development/Training                     Implementation       Organizer
                                                                                                               Date
 Rivan A.            Direktur Utama      Simposium Nasional dalam Rangka Terwujudnya Tata Kelola 24 Juli 2025                KAPOLRI
 Purwantono          President           Angkutan Logistik yang Berkeselamatan Guna Mendukung July 24, 2025                  Daerah Istimewa
                     Director            Peningkatan Kualitas Keselamatan di Jalan Raya                                      Yogyakarta
                                         National Symposium on Realizing Safe Logistics                                      Chief of Police of
                                         Transportation Management to Support Improved Road                                  the Special Region
                                         Safety                                                                              of Yogyakarta

                                         Narasumber acara Studium Generale Mahasiswa Baru,               19 Agustus 2025     Universitas Gadjah
                                         tema “Filosofi Modern dalam Manajemen”                          August 19, 2025     Mada
                                         Speaker at the New Student General Study event, theme
                                         “Modern Philosophy in Management”

                                         Narasumber Rapat Koordinasi Lintas Sektoral Bidang              15 Desember 2025    Kepolisian Republik
                                         Operasional Tahun 2025 dalam rangka Kesiapan                    December 15, 2025   Indonesia
                                         Pengamanan Natal Tahun 2025 dan Tahun Baru 2026                                     Indonesian
                                         Speakers at the 2025 Cross-Sectoral Operational                                     National Police
                                         Coordination Meeting in preparation for Christmas 2025
                                         and New Year 2026 security measures

 Reza Febriano       Direktur Bisnis     Qualified Risk Governance Profesional (QRGP)                    16 Januari 2025     Badan Nasional
                     Director of                                                                         January 16, 2025    Sertifikasi Profesi
                     Business                                                                                                National
                                                                                                                             Professional
                                                                                                                             Certification
                                                                                                                             Agency

                                         Elevating Excellence: Sustainable Futures Through               03 Februari 2025    PT Jasa Marga
                                         Innovation                                                      February 3, 2025    (Persero) Tbk

                                         Jasa Marga Executive Summit 2025                                06 Februari 2025    • Koeshartanto
                                                                                                         February 6, 2025      Koeswiranto -
                                                                                                                               KTalents Asia
                                                                                                                             • Panji Wasmana
                                                                                                                               - Microsoft
                                                                                                                               Indonesia
                                                                                                                             • Dr. Ir. Waluyo
                                                                                                                               MM - Anggota
                                                                                                                               Komite Akreditasi
                                                                                                                               Nasional |
                                                                                                                               Member of
                                                                                                                               the National
                                                                                                                               Accreditation
                                                                                                                               Committee

                                         Kick Off dan Workshop "Desain dan Implementasi                  15 April 2025       Ernst & Young
                                         Internal Control Over Financial Reporting (ICOFR)               April 15, 2025
                                         PT Jasa Marga (Persero) Tbk"
                                         Kick-off and Workshop on “Design and Implementation
                                         of Internal Control Over Financial Reporting (ICOFR) at
                                         PT Jasa Marga (Persero) Tbk”

                                         Pre Class Chief Business Director Officer Program               13 Agustus 2025     PT Danantara
                                                                                                         August 13, 2025     Asset Management
                                                                                                                             (Persero)

                                         Leveraging Digital Innovation to Amplify Customer               30 September        PT Jasa Marga
                                         Experience                                                      2025                (Persero) Tbk dan
                                                                                                         September 30,       | and Himpunan
                                                                                                         2025                Pengembangan
                                                                                                                             Jalan Indonesia




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                           181
Page 182
01                                02                      03                     04                                        05
Ikhtisar Kinerja Utama            Laporan Manajemen       Profil Perusahaan       Analisa dan Pembahasan Manajemen          Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report       Company Profile         Management Discussion and Analysis        Business Support Functions




Tabel Pengembangan Kompetensi Direksi
Table of the Board of Directors Competency Development



                                                                                                             Waktu
       Nama                  Jabatan        Materi Pengembangan Kompetensi/Pelatihan                      Pelaksanaan         Penyelenggara
       Name                  Position       Subject of Competency Development/Training                   Implementation         Organizer
                                                                                                              Date
 Yoga Tri              Direktur Human     Jasa Marga Executive Summit 2025                             06 Februari 2025       • Koeshartanto
 Anggoro               Capital dan                                                                     February 6, 2025         Koeswiranto -
                       Transformasi                                                                                             KTalents Asia
                       Director of                                                                                            • Panji Wasmana
                       Human Capital &                                                                                          - Microsoft
                       Transformation                                                                                           Indonesia
                                                                                                                              • Dr. Ir. Waluyo
                                                                                                                                MM - Anggota
                                                                                                                                Komite Akreditasi
                                                                                                                                Nasional |
                                                                                                                                Member of
                                                                                                                                the National
                                                                                                                                Accreditation
                                                                                                                                Committee

                                          Workshop Jasa Marga Communication Summit 2025                21 Februari 2025       • Neneg Herbawati
                                                                                                       February 21, 2025        - Founder dan
                                                                                                                                CEO IGICO Public
                                                                                                                                Affairs Advisory
                                                                                                                              • Fardila Astari
                                                                                                                                Rachmilliza -
                                                                                                                                Communication
                                                                                                                                Strategist di
                                                                                                                                Reputasia/Vice
                                                                                                                                Secretary General
                                                                                                                                Perhumas
                                                                                                                              • Iwet Ramadhan -
                                                                                                                                Broadcaster

                                          Pengenalan Strategis Merger & Acquisition                    10 Maret 2025          PT Prima Wahana
                                          Strategic Introduction to Mergers & Acquisitions             March 10, 2025         Caraka (PWC)

                                          Program Knowledge X, BSE BUMN                                05 Mei 2025            BUMN School of
                                                                                                       May 5, 2025            Excellence (BSE)

                                          Undangan Graduation Day Program Top Gun Cohort III           06 Mei 2025            BUMN School of
                                          Invitation to Graduation Day for the Top Gun Cohort III      May 6, 2025            Excellence (BSE)
                                          Program

                                          Human Capital Director Onboarding Program                    25 Juli 2025           PT Danantara
                                                                                                       July 25, 2025          Asset Management
                                                                                                                              (Persero)

                                          Pelatihan Toll Road Business Management                      20 Agustus 2025        Himpunan
                                          Toll Road Business Management Training                       August 20, 2025        Pengembangan
                                                                                                                              Jalan Indonesia
                                                                                                                              (HPJI)
                                                                                                                              Indonesian Road
                                                                                                                              Developers
                                                                                                                              Association (HPJI)

                                          Unlocking Employee Potential with Personalized AI           27 Agustus 2025        Forum Human
                                          Driven Development                                           August 27, 2025        Capital Indonesia
                                                                                                                              (FHCI)

                                          Leveraging Digital Innovation to Amplify Customer            30 September 2025 Didiek Hartantyo
                                          Experience                                                   September 30, 2025 - Direktur Utama |
                                                                                                                          President Director
                                                                                                                          of PT Kereta Api
                                                                                                                          Indonesia (Persero)

                                          Sharing Session FHCI Connect Expert Series 5 "From           19 November 2025       Forum Human
                                          Engagement to Impact : Building Stronger Organizations       November 19, 2025      Capital Indonesia
                                          Through People Power"                                                               (FHCI)

                                          Strategic Human Capital Director Certificate Program         10 Desember 2025       PT Danantara
                                          2025                                                         December 10, 2025      Asset Management
                                                                                                                              (Persero)




182                                                                             Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
Page 183
06                               07                                    08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Direksi
Table of the Board of Directors Competency Development



                                                                                                             Waktu
      Nama              Jabatan           Materi Pengembangan Kompetensi/Pelatihan                        Pelaksanaan       Penyelenggara
      Name              Position          Subject of Competency Development/Training                     Implementation       Organizer
                                                                                                              Date
 Fitri Wiyanti*      Direktur Operasi   Business Essential Program                                      9 Januari 2025      BUMN School of
                     Director of                                                                        January 9, 2025     Excellence
                     Operations
                                        Pengawasan Tata Kelola Risiko Qualified Risk                    16 Januari 2025     Badan Nasional
                                        Governance Professional (QRGP)                                  January 16, 2025    Sertifikasi
                                        Supervision of Risk Governance Qualified Risk                                       Profesional
                                        Governance Professional (QRGP)

                                        Penguatan Infrastruktur Jalan Tol, Layanan Transportasi         4 Maret 2025        Kementerian
                                        Darat, dan Perlindungan Asuransi bagi Para Pemudik Idul         March 4, 2025       BUMN
                                        Fitri 2025
                                        Strengthening Toll Road Infrastructure, Land
                                        Transportation Services, and Insurance Protection for
                                        Idul Fitri 2025 Travelers

                                        Rapat Koordinasi Kesiapan Operasi Ketupat 2025                  6 Maret 2025        Korlantas
                                        Coordination Meeting for Ketupat Operation Readiness            March 6, 2025
                                        2025

                                        Program Live Obrolan Newsroom “Kesiapan Mudik                   24 Maret 2025       Kompas.com
                                        Lebaran 2025”                                                   March 24, 2025
                                        Live Newsroom Chat Program “Lebaran Homecoming
                                        Readiness 2025”

                                        Penegakan Kebijakan Zero ODOL                                   26 Juni 2025        Kementerian
                                        Enforcement of Zero Over Dimension and Over Loading             June 26, 2025       Perhubungan
                                        (ODOL) Policy

                                        Pelatihan Toll Road Business Management - Insight               20 Agustus 2025     Himpunan
                                        Talk dengan topik "Menguatkan Pilar Ekonomi Lewat               August 20, 2025     Pengembangan
                                        Infrastruktur: Membangun Bisnis Jalan Tol Tangguh di                                Jalan Indonesia
                                        Masa Volatilitas Perekonomian” Kolaborasi Jasa Marga                                (HPJI)
                                        dan HPJI                                                                            Indonesian Road
                                        Toll Road Business Management Training - Insight Talk                               Developers
                                        with the topic ‘Strengthening Economic Pillars through                              Association (HPJI)
                                        Infrastructure: Building a Resilient Toll Road Business in
                                        Times of Economic Volatility’ Collaboration between Jasa
                                        Marga and HPJI"

                                        Leveraging Digital Innovation to Amplify Customer               30 September        Didiek Hartantyo
                                        Experience                                                      2025                - Direktur Utama |
                                                                                                        September 30,       President Director
                                                                                                        2025                of PT Kereta Api
                                                                                                                            Indonesia (Persero)

 Yaya Ruhiya        Direktur Layanan    Pertanggungjawaban Hukum & Ancaman Pidana Korupsi               31 Oktober 2025     • Visi Integritas
                    Director of         Bagi Direksi - Komisaris Anak Usaha BUMN Pasca                  October 31, 2025    • PT Pelabuhan
                    Services            Berlakunya UU BUMN Terbaru                                                            Indonesia
                                        Legal Accountability & Criminal Threats of Corruption for                             (Persero)
                                        Directors - Commissioners of State-Owned Enterprise
                                        Subsidiaries Following the Enactment of the Latest State-
                                        Owned Enterprise Law

 Mohamad Agus       Direktur            Narasumber Sinergi Strategis PT Sarana Multi Infrastruktur      18 Februari 2025    PT Sarana Multi
 Setiawan***        Pengembangan        Resource Person for Strategic Synergy at PT Sarana Multi        February 18, 2025   Infrastruktur
                    Usaha               Infrastruktur                                                                       (Persero)
                    Director of
                                        Narasumber Seminar “ICEE Navigating Global Economic             22 Februari 2025    Institut Teknologi
                    Business
                                        Challengers: Strategies for Optimizing Indonesia Logistic       February 22, 2025   Bandung
                    Development
                                        Infrastructure”                                                                     Institut Teknologi
                                        Speaker at the Seminar “ICEE Navigating Global                                      Bandung
                                        Economic Challengers: Strategies for Optimising
                                        Indonesia’s Logistics Infrastructure”




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                         183
Page 184
01                                02                       03                    04                                         05
Ikhtisar Kinerja Utama            Laporan Manajemen        Profil Perusahaan      Analisa dan Pembahasan Manajemen           Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report        Company Profile        Management Discussion and Analysis         Business Support Functions




Tabel Pengembangan Kompetensi Direksi
Table of the Board of Directors Competency Development



                                                                                                             Waktu
       Nama                  Jabatan        Materi Pengembangan Kompetensi/Pelatihan                      Pelaksanaan          Penyelenggara
       Name                  Position       Subject of Competency Development/Training                   Implementation          Organizer
                                                                                                              Date
 Mohamad Agus          Direktur           Narasumber Implementasi Analis SWOT dan Bussiness            11 Maret 2025           Universitas
 Setiawan***           Pengembangan       Modal Canvas: Studi Pengembangan Usaha pada                  March 11, 2025          Indonesia
                       Usaha              Perusahaan Jalan Tol di Indonesia                                                    Universitas
                       Director of        Resource person for SWOT Analysis and Business Model                                 Indonesia
                       Business           Canvas implementation: Business Development Study at
                       Development        Toll Road Companies in Indonesia

                                          Narasumber Seminar “The New Energy Vehicles: Electric        27 Mei 2025             PT Karya Bakti
                                          and Hydrogen-Based Vehicles”                                 May 27, 2025            Parahyangan
                                          Speaker at the Seminar on ‘New Energy Vehicles: Electric
                                          and Hydrogen-Based Vehicles’

                                          Narasumber Kuliah Umum: Tantangan Bisnis                     28 Mei 2025             PPM
                                          Pengusahaan Jalan Tol Indonesia                              May 28, 2025
                                          Lecture Speaker: Challenges in Indonesia’s Toll Road
                                          Business

                                          Narasumber Pelatihan Toll Road Business Management           20 Agustus 2025         Himpunan
                                          - Insight Talk dengan topik "Menguatkan Pilar Ekonomi        August 20, 2025         Pengembangan
                                          Lewat Infrastruktur: Membangun Bisnis Jalan Tol                                      Jalan Indonesia
                                          Tangguh di Masa Volatilitas Perekonomian” Kolaborasi                                 (HPJI)
                                          Jasa Marga dan HPJI                                                                  Indonesian Road
                                          Speaker for Toll Road Business Management Training                                   Developers
                                          - Insight Talk with the topic ‘Strengthening Economic                                Association (HPJI)
                                          Pillars Through Infrastructure: Building a Resilient
                                          Toll Road Business in Times of Economic Volatility’
                                          Collaboration between Jasa Marga and HPJI

                                          Narasumber “Penilaian Industri Keuangan (Bank),              24 September 2025 MAPPI
                                          Aset Hak Konsesi Jalan Tol & Properti dalam Tahap            September 24, 2025
                                          Pembangunan Pada Penilaian Bisnis & Properti
                                          Resource Person: ‘Assessment of the Financial Industry
                                          (Banks), Toll Road Concession Assets & Properties under
                                          Construction in Business & Property Assessment’

                                          Leveraging Digital Innovation to Amplify Customer            30 September 2025 Didiek Hartantyo
                                          Experience                                                   September 30, 2025 - Direktur Utama |
                                                                                                                          President Director
                                                                                                                          of PT Kereta Api
                                                                                                                          Indonesia (Persero)

 Ari Respati****       Direktur           Pelatihan Manajemen Risiko                                   19 Februari 2025        Jerry Marmen
                       Pengembangan       Risk Management Training                                     February 19, 2025
                       Usaha
                                          Penataan Tanah di The Nusa Dua                               28 Februari 2025        Badan Pertanahan
                       Director of
                                          Land Management in The Nusa Dua                              February 28, 2025       Kabupaten Badung
                       Business
                       Development        Legal Workshop & General Meeting                             21 Agustus 2025         ITDC
                                                                                                       August 21, 2025

                                          Narasumber Program SESPIBANK angkatan ke-81                  23 September 2025 LPPI
                                          Resource Person for the 81st SESPIBANK Programme             September 23, 2025

                                          Workshop GSTC                                                13 November 2025        Proxiss
                                                                                                       November 13, 2025

                                          Pelatihan SMAP                                               2 Desember 2025         Bintang Mars
                                          SMAP Training                                                December 2, 2025




184                                                                             Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 185
06                                  07                                        08
Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Direksi
Table of the Board of Directors Competency Development



                                                                                                                    Waktu
      Nama                Jabatan             Materi Pengembangan Kompetensi/Pelatihan                           Pelaksanaan           Penyelenggara
      Name                Position            Subject of Competency Development/Training                        Implementation           Organizer
                                                                                                                     Date
 Pramitha             Direktur             Sustainable Infrastructure for The Future: Innovation and           11-12 Juni 2025         Kementerian
 Wulanjani            Keuangan dan         Collaboration                                                       June 11-12, 2025        Koordinator Bidang
                      Manajemen                                                                                                        Infrastruktur dan
                      Risiko                                                                                                           Pembangunan
                      Director of                                                                                                      Kewilayahan
                      Finance & Risk                                                                                                   Ministry of
                      Management                                                                                                       Coordinating
                                                                                                                                       Infrastructure
                                                                                                                                       and Regional
                                                                                                                                       Development

                                           Resilience to Sustainability: Leading through GRC in the            21-22 Agustus 2025 CRMS Indonesia
                                           Post Digital Era                                                    August 21-22, 2025

                                           Leveraging Digital Innovation to Amplify Customer                   30 September 2025 Didiek Hartantyo
                                           Experience                                                          September 30, 2025 - Direktur Utama |
                                                                                                                                  President Director
                                                                                                                                  of PT Kereta Api
                                                                                                                                  Indonesia (Persero)
 *)    Per 7 Mei 2025, nomenklatur berubah menjadi Direktur Operasi dan Layanan, kemudian ditetapkan kembali menjadi Direktur Operasi melalui RUPSLB 17
       Desember 2025.
 **)   Resmi menjabat per 17 Desember 2025 berdasarkan Keputusan RUPS Luar Biasa tanggal 17 Desember 2025.
 ***) Berhenti menjabat per 17 Desember 2025 berdasarkan Keputusan RUPS Luar Biasa tanggal 17 Desember 2025.
 ****) Resmi menjabat per 17 Desember 2025 berdasarkan Keputusan RUPS Luar Biasa tanggal 17 Desember 2025.
 *)    As of May 7, 2025, the nomenclature changed to Director of Operations and Services, then reverted to Director of Operations through the Extraordinary
       General Meeting of Shareholders on December 17, 2025.
 **)   Officially appointed on December 17, 2025 based on the Extraordinary General Meeting of Shareholders decision dated December 17, 2025.
 ***) Resigned from office as of December 17, 2025, based on the Extraordinary General Meeting of Shareholders’ Decision dated December 17, 2025.
 ****) Officially took office on December 17, 2025, based on the Extraordinary General Meeting of Shareholders’ Decision dated December 17, 2025.




Pengembangan Kompetensi Komite Audit
Audit Committee Competency Development

Tabel Pengembangan Kompetensi Komite Audit
Table of the Audit Committee Competency Development


                                                                                                                 Waktu
      Nama                Jabatan           Materi Pengembangan Kompetensi/Pelatihan                          Pelaksanaan             Penyelenggara
      Name                Position          Subject of Competency Development/Training                       Implementation             Organizer
                                                                                                                  Date
 Rudi                 Ketua
 Antariksawan*        Chairman

 Seppalga             Ketua                Dapat dilihat pada pembahasan Pengembangan Kompetensi Dewan Komisaris
 Ahmad**              Chairman             Available in the Board of Commissioners Competency Development section
 Tedi                 Anggota
 Kurniawan***         Member

 Siti Purnama         Anggota              Pelatihan dan Sertifikasi Double Degree Certified                21 Januari 2025         HR Academy
 Rizki                Member               Human Capital General Manager (CHGM)                             January 21, 2025
                                           Training and Certification for Double Degree Certified
                                           Human Capital General Manager (CHGM)

                                           Workshop Implementasi Internal Control Over Financial            07 Mei 2025             The Institute of
                                           Reporting (ICOFR)                                                May 7, 2025             Internal Auditors
                                           Workshop on the Implementation of Internal Control                                       Indonesia (IIA)
                                           Over Financial Reporting (ICOFR)




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                                   185
Page 186
01                                 02                        03                        04                                        05
Ikhtisar Kinerja Utama             Laporan Manajemen         Profil Perusahaan          Analisa dan Pembahasan Manajemen          Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report         Company Profile            Management Discussion and Analysis        Business Support Functions




Tabel Pengembangan Kompetensi Komite Audit
Table of the Audit Committee Competency Development


                                                                                                                Waktu
       Nama                  Jabatan        Materi Pengembangan Kompetensi/Pelatihan                         Pelaksanaan           Penyelenggara
       Name                  Position       Subject of Competency Development/Training                      Implementation           Organizer
                                                                                                                 Date
 Siti Purnama          Anggota             Pelatihan Certificate in Climate Finance (CertCF)               17 Mei 2025           Ikatan Akuntan
 Rizki                 Member              Certificate in Climate Finance (CertCF) training                May 17, 2025          Indonesia (IAI)
                                                                                                                                 Indonesian
                                                                                                                                 Accountants
                                                                                                                                 Association (IAI)

                                           Certified Governance Oversight Professional (CGOP)              06 September          CRMS Indonesia
                                                                                                           2025                  (Center for Risk
                                                                                                           September 6, 2025     Management
                                                                                                                                 Studies)

                                           Professional Recognition Program PRP) for Qualified            03 Oktober 2025       Yayasan Pendidikan
                                           Internal Auditor QIA                                          October 3, 2025       Internal Audit (YPIA)
                                                                                                                                 Internal Audit
                                                                                                                                 Education Foundation
                                                                                                                                 (YPIA)

                                           Seminar Nasional Internal Audit (SNIA) 2025 “Whatʼs             03 Desember 2025      Yayasan Pendidikan
                                           Driving Change to Stay Ahead of The Curve for Internal          December 3, 2025      Internal Audit (YPIA)
                                           Auditors in The Coming Years?ˮ                                                        Internal Audit
                                           National Internal Audit Seminar (SNIA) 2025 ‘What’s                                   Education Foundation
                                           Driving Change to Stay Ahead of The Curve for Internal                                (YPIA)
                                           Auditors in The Coming Years?’

                                           Pelatihan SAK For Executive                                     11 Desember 2025      Ikatan Akuntan
                                           SAK Training for Executives                                     December 11, 2025     Indonesia (IAI)
                                                                                                                                 Indonesian
                                                                                                                                 Accountants
                                                                                                                                 Association (IAI)

 Fibria Indriati       Anggota             Jenjang Kualifikasi 5 Bidang Pasar Modal Subbidang              05 Juli 2025          The Indonesia Capital
 Dwi Liestiawati       Member              Manajemen Risiko                                                July 5, 2025          Market Institute
                                           Qualification Level 5 Capital Market Field, Risk                                      (TICMI)
                                           Management Subfield

                                           Workshop Implementasi Internal Control Over Financial           07 Mei 2025           The Institute of
                                           Reporting (ICOFR)                                               May 7, 2025           Internal Auditors
                                           Workshop on the Implementation of Internal Control                                    Indonesia (IIA)
                                           Over Financial Reporting (ICOFR)

                                           Pelatihan Implementasi GRC dan Sertifikasi CGRCEO               19 Agustus 2025       CRMS Indonesia
                                           Training on GRC Implementation and CGRCEO                       August 19, 2025       (Center for Risk
                                           Certification                                                                         Management
                                                                                                                                 Studies)

                                           Professional Recognition Program PRP) for Qualified            03 Oktober 2025       Yayasan Pendidikan
                                           Internal Auditor QIA                                          October 3, 2025       Internal Audit (YPIA)
                                                                                                                                 Internal Audit
                                                                                                                                 Education Foundation
                                                                                                                                 (YPIA)

                                           Certified Governance Oversight Professional (CGOP)              06 November 2025      CRMS Indonesia
                                                                                                           November 6, 2025      (Center for Risk
                                                                                                                                 Management
                                                                                                                                 Studies)

                                           Seminar Nasional Internal Audit (SNIA) 2025 “Whatʼs             03 Desember 2025      Yayasan Pendidikan
                                           Driving Change to Stay Ahead of The Curve for Internal          December 3, 2025      Internal Audit (YPIA)
                                           Auditors in The Coming Years?ˮ                                                        Internal Audit
                                           National Internal Audit Seminar (SNIA) 2025 ‘What’s                                   Education Foundation
                                           Driving Change to Stay Ahead of The Curve for Internal                                (YPIA)
                                           Auditors in The Coming Years?’

                                           Pelatihan SAK For Executive                                     11 Desember 2025      Ikatan Akuntan
                                           SAK Training for Executives                                     December 11, 2025     Indonesia (IAI)
                                                                                                                                 Indonesian
                                                                                                                                 Accountants
                                                                                                                                 Association (IAI)

 *) Resmi menjabat sebagai Ketua Komite Audit per 19 Januari 2026.
 **) Berakhir menjabat sebagai ketua komite audit sebagaimana telah berakhirnya masa jabatan sebagai komisaris independen.
 ***) Resmi menjabat sebagai Anggota Komite Audit per 19 Januari 2026.
 *) Officially appointed as Chair of the Audit Committee as of January 19, 2026.
 **) Term as Chair of the Audit Committee ended upon expiry of term as independent commissioner.
 ***) Officially appointed as Member of the Audit Committee as of January 19, 2026.




186                                                                                   Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
Page 187
06                                07                                  08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan    Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility     Reference of POJK, SEOJK, and ARA Criteria




Pengembangan Kompetensi Komite Nominasi dan Remunerasi
Nomination and Remuneration Committee Competency Development

Tabel Pengembangan Kompetensi Komite Nominasi dan Remunerasi
Table of the Nomination and Remuneration Committee Competency Development


                                                                                                           Waktu
         Nama           Jabatan            Materi Pengembangan Kompetensi/Pelatihan                     Pelaksanaan      Penyelenggara
         Name           Position           Subject of Competency Development/Training                  Implementation      Organizer
                                                                                                            Date
                     Ketua
 Nachrowi Ramli
                     Chairman            Dapat dilihat pada pembahasan Pengembangan Kompetensi Dewan Komisaris
                     Anggota             Disclosed in Board of Commissioners Competency Development Section
 Juri Ardiantoro
                     Member

 Partoyo             Anggota             Seminar aplikasi Regulatory Compliance System (RCS)          29 September 2025 PT BSI
                     Member              Seminar on Regulatory Compliance System (RCS)                September 29, 2025
                                         applications

                                         Certified Governance Oversight Professional (CGOP)           06 November 2025   CRMS Indonesia
                                                                                                      November 6, 2025   (Center for Risk
                                                                                                                         Management
                                                                                                                         Studies)

 Fariz Alnizar       Anggota             Seminar aplikasi Regulatory Compliance System (RCS)          29 September 2025 PT BSI
                     Member              Seminar on Regulatory Compliance System (RCS)                September 29, 2025
                                         applications

                                         Certified Governance Oversight Professional (CGOP)           06 November 2025   CRMS Indonesia
                                                                                                      November 6, 2025   (Center for Risk
                                                                                                                         Management
                                                                                                                         Studies)



Pengembangan Kompetensi Komite Pemantau Risiko dan Hukum
Risk Monitoring and Legal Committee Competency Development

Tabel Pengembangan Kompetensi Komite Pemantau Risiko dan Hukum
Table of the Risk Monitoring and Legal Committee Competency Development


                                                                                                           Waktu
         Nama           Jabatan            Materi Pengembangan Kompetensi/Pelatihan                     Pelaksanaan      Penyelenggara
         Name           Position           Subject of Competency Development/Training                  Implementation      Organizer
                                                                                                            Date
 Syamsul Bachri      Ketua
 Yusuf               Chairman            Dapat dilihat pada pembahasan Pengembangan Kompetensi Dewan Komisaris
 Asrorun Ni’am       Anggota             Available in the Board of Commissioners Competency Development section
 Sholeh              Member

 Mustolih Siradj     Anggota             Seminar aplikasi Regulatory Compliance System (RCS)          29 September 2025 PT BSI
                     Member              Seminar on Regulatory Compliance System (RCS)                September 29, 2025
                                         applications

                                         Certified Governance Oversight Professional (CGOP)           06 November 2025   CRMS Indonesia
                                                                                                      November 6, 2025   (Center for Risk
                                                                                                                         Management
                                                                                                                         Studies)

 Erick               Anggota             Certified Governance Oversight Professional (CGOP)           06 November 2025   CRMS Indonesia
                     Member                                                                           November 6, 2025   (Center for Risk
                                                                                                                         Management
                                                                                                                         Studies)




PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                                    187
Page 188
01                                 02                       03                     04                                       05
Ikhtisar Kinerja Utama             Laporan Manajemen        Profil Perusahaan       Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report        Company Profile         Management Discussion and Analysis       Business Support Functions




Pengembangan Kompetensi Komite Tata Kelola Terintegrasi
Integrated Governance Committee Competency Development

Tabel Pengembangan Kompetensi Komite Tata Kelola Terintegrasi
Table of the Integrated Governance Committee Competency Development



                                                                                                         Waktu
       Nama                                    Materi Pengembangan Kompetensi/
                             Jabatan                                                                  Pelaksanaan           Penyelenggara
       Name                                                Pelatihan
                             Position                                                                Implementation           Organizer
                                           Subject of Competency Development/Training
                                                                                                          Date
 Juri Ardiantoro       Ketua
                       Chairman

 Syamsul Bachri        Anggota
 Yusuf                 Member

 Nachrowi Ramli        Anggota
                       Member              Dapat dilihat pada pembahasan Pengembangan Kompetensi Dewan Komisaris
 Rudi                  Anggota             Available in the Board of Commissioners Competency Development section
 Antariksawan          Member

 Asrorun Ni’am         Anggota
 Sholeh                Member

 Tedi Kurniawan        Anggota
                       Member

 Aldrin Maulana        Anggota             BSE_Program Business Essential Batch IV Mid            10 Januari 2025       BUMN School of
                       Member              Offline Program Business Essential 2025_Strategic       January 10, 2025      Excellence (BSE)
                                           Management

                                           Jasa Marga Executive Summit 2025                        06 Februari 2025      • Koeshartanto
                                                                                                   February 6, 2025        Koeswiranto -
                                                                                                                           KTalents Asia
                                                                                                                         • Panji Wasmana -
                                                                                                                           Microsoft Indonesia
                                                                                                                         • Dr. Ir. Waluyo MM
                                                                                                                           - Anggota Komite
                                                                                                                           Akreditasi Nasional |
                                                                                                                           National Accreditation
                                                                                                                           Committee Member

                                           [Directorship] Pengenalan Strategis Merger &            10 Maret 2025         PT Prima Wahana
                                           Acquisition                                             March 10, 2025        Caraka (PWC)
                                           [Directorship] Strategic Introduction to Mergers &
                                           Acquisitions

                                           Perempuan dalam Kepemimpinan: Dari Inspirasi ke         11 Maret 2025         • FM Venusiana R -
                                           Aksi                                                    March 11, 2025          Direktur Enterprise
                                           Women in Leadership: From Inspiration to Action                                 & Business Service
                                                                                                                           PT Telkom Indonesia |
                                                                                                                           Director of Enterprise
                                                                                                                           & Business Service at
                                                                                                                           PT Telkom Indonesia
                                                                                                                         • Dwi Yuliawati Faiz -
                                                                                                                           Head of Programmes
                                                                                                                           UN Women Indonesia

                                           Kick Off dan Workshop "Desain dan Implementasi          14 April 2025         Ernst & Young
                                           Internal Control over Financial Reporting (ICOFR)       April 14, 2025
                                           PT Jasa Marga (Persero) Tbk"
                                           “Design and Implementation of Internal Control over
                                           Financial Reporting (ICOFR) PT Jasa Marga (Persero)
                                           Tbk” Kick Off and Workshop

                                           Kartiniʼs Legacy: Langkah Perempuan Sebagai             28 April 2025         Retno Marsudi -
                                           Change Agents di Era Modern                             April 28, 2025        Menteri Luar Negeri RI
                                           Kartini's Legacy: Women as Agents of Change in the                            (2014-2024) | Former
                                           Modern Era                                                                    Minister of Foreign
                                                                                                                         Affairs of the Republic
                                                                                                                         of Indonesia (2014-
                                                                                                                         2024)

                                           BSE Masterclass "Global Trade Tensions: Turning         28 Mei 2025           BUMN School of
                                           Crisis into Opportunity"                                May 28, 2025          Excellence (BSE)

                                           Workshop Business Acumen dan Strategic                  18 Juni 2025          PT Prasetiya Mulya ELI
                                           Innovation Batch 2                                      June 18, 2025
                                           Business Acumen and Strategic Innovation
                                           Workshop Batch 2




188                                                                               Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 189
06                                07                                    08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Komite Tata Kelola Terintegrasi
Table of the Integrated Governance Committee Competency Development



                                                                                                        Waktu
      Nama                                   Materi Pengembangan Kompetensi/
                        Jabatan                                                                      Pelaksanaan          Penyelenggara
      Name                                               Pelatihan
                        Position                                                                    Implementation          Organizer
                                         Subject of Competency Development/Training
                                                                                                         Date
 Aldrin Maulana      Anggota             Proposal Presentation Business Acumen dan                 10 Juli 2025        PT Prasetiya Mulya ELI
                     Member              Strategic Innovation Batch 2                              July 10, 2025
                                         Business Acumen and Strategic Innovation Proposal
                                         Presentation Batch 2

                                         Business Acumen dan Strategic Innovation Batch 2         28 Juli 2025        PT Prasetiya Mulya ELI
                                         Online Coaching                                           July 28, 2025
                                         Business Acumen and Strategic Innovation Batch 2:
                                         Online Coaching

                                         Coaching with Expert: Business Acumen dan                 26 Agustus 2025     PT Jasa Marga
                                         Strategic Innovation Batch 2                              August 26, 2025     (Persero) Tbk
                                         Coaching with Experts: Business Acumen and
                                         Strategic Innovation Batch 2

                                         Sharing Session Proses Pelaksanaan Konstruksi             22 September 2025 PT Jasa Marga
                                         Jalan Tol                                                 September 22, 2025 (Persero) Tbk
                                         Sharing Session on the Highway Construction
                                         Implementation Process

                                         Seminar aplikasi regulatory compliance system             29 September 2025 PT BSI
                                         Regulatory compliance system application seminar          September 29, 2025

                                         Business Acumen dan Strategic Innovation Grand            01 Oktober 2025     PT Jasa Marga
                                         Final Presentation                                        October 1, 2025     (Persero) Tbk
                                         Business Acumen and Strategic Innovation Grand
                                         Final Presentation

                                         [Program Cornell] International Executive                 02 Oktober 2025     Cornell University
                                         Development Program - Strategic Human Resources           October, 2025
                                         Leadership
                                         [Cornell Program] International Executive
                                         Development Program - Strategic Human Resources
                                         Leadership

                                         Workshop Jasa Marga Sustainability &                      10 November 2025    • Tommy Tjokro -
                                         Communication Summit 2025                                 November 10, 2025     Founder SEPIKUL
                                         Jasa Marga Sustainability & Communication Summit                                Indonesia
                                         2025 Workshop                                                                 • Maria Dian Nurani,
                                                                                                                         ST, MSi, SEP, ACPH -
                                                                                                                         CSR & Sustainability
                                                                                                                         Management Expert

                                         Workshop Demo Teknologi Pemadatan Cerdas                  11 Desember 2025    PT Jasa Marga
                                         (Intelligent Compaction)                                  December 11, 2025   (Persero) Tbk
                                         Intelligent Compaction Technology Demo Workshop

                                         Training User Aplikasi Regulatory Compliance              12 Desember 2025    Hukum Online
                                         System (RCS)                                              December 12, 2025
                                         Regulatory Compliance System (RCS) Application
                                         User Training

                                         Legal Summit: Peringatan Hakordia dan Seminar             15 Desember 2025    • Yudi Purnomo
                                         Dampak UU KUHAP "Penegakan Tindak Pidana                  December 15, 2025     Harahap - Penyidik
                                         Korupsi Ditinjau dari Prinsip Bussiness Judgement                               KPK | KPK
                                         Rule dan Pedoman Strategis Bagi Korporasi dalam                                 Investigator
                                         Menghadapi Implementasi UU KUHAP                                              • M. Agus Salim -
                                         Legal Summit: Hakordia Commemoration and                                        Hakim Ad-Hoc Tindak
                                         Seminar on the Impact of the Criminal Procedure                                 Pidana Korupsi |
                                         Code "Enforcement of Corruption Crimes Reviewed                                 Ad-Hoc Judge for
                                         from the Business Judgment Rule Principle and                                   Corruption Crimes
                                         Strategic Guidelines for Corporations in Facing the                           • Bobby R. Manalu
                                         Implementation of the Criminal Procedure Code                                   - Siregar Setiawan
                                                                                                                         Manalu Partnership

                                         Infrastructure Outlook 2026 Trends, Risks, and           22 Desember 2025 SBM ITB
                                         Opportunities                                             December 22, 2025

 George I.M.P.       Anggota             BSE_PROGRAM BUSINESS ESSENTIAL BATCH IV                  10 Januari 2025     BUMN School of
 Manurung            Member              MID OFFLINE PROGRAM BUSINESS ESSENTIAL                    January 10, 2025    Excellence (BSE)
                                         2025_Strategic Management

                                         Towards Sustainable Future: Bank Mandiriʼs                14 Januari 2025     PT Bank Mandiri
                                         Commitment to Positive Change                             January 14, 2025    (Persero) Tbk




PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                                         189
Page 190
01                                 02                       03                     04                                       05
Ikhtisar Kinerja Utama             Laporan Manajemen        Profil Perusahaan       Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report        Company Profile         Management Discussion and Analysis       Business Support Functions




Tabel Pengembangan Kompetensi Komite Tata Kelola Terintegrasi
Table of the Integrated Governance Committee Competency Development



                                                                                                         Waktu
       Nama                                    Materi Pengembangan Kompetensi/
                             Jabatan                                                                  Pelaksanaan           Penyelenggara
       Name                                                Pelatihan
                             Position                                                                Implementation           Organizer
                                           Subject of Competency Development/Training
                                                                                                          Date
 George I.M.P.         Anggota             Jasa Marga Executive Summit 2025                        06 Februari 2025      • Koeshartanto
 Manurung              Member                                                                      February 6, 2025        Koeswiranto -
                                                                                                                           KTalents Asia
                                                                                                                         • Panji Wasmana -
                                                                                                                           Microsoft Indonesia
                                                                                                                         • Dr. Ir. Waluyo MM
                                                                                                                           - Anggota Komite
                                                                                                                           Akreditasi Nasional |
                                                                                                                           National Accreditation
                                                                                                                           Committee Member

                                           Pelatihan Pengisian dan Pelaporan SPT Orang Pribadi 19 Februari 2025          PT Ortax
                                           Karyawan PT Jasa Marga (Persero) Tbk                 February 19, 2025
                                           Training on Filling Out and Reporting Personal Tax
                                           Returns for Employees of PT Jasa Marga (Persero) Tbk

                                           [Directorship] Pengenalan Strategis Merger &            10 Maret 2025         PT Prima Wahana
                                           Acquisition                                             March 10, 2025        Caraka (PWC)
                                           [Directorship] Strategic Introduction to Mergers &
                                           Acquisitions

                                           Webinar Employee Well Being Series_“Smart               20 Maret 2025         Alsi Mega Marsha
                                           Working, Not Overworking: Cara Produktif Tanpa          March 20, 2025        Tengker B.A, M. Sc., M.
                                           Harus Burn Out”                                                               Psi., (Caca Tengker)
                                           Employee Well-Being Series Webinar: “Smart                                    - Psikolog Klinis &
                                           Working, Not Overworking: How to Be Productive                                Founder Amanasa
                                           Without Burning Out”                                                          Indonesia | Clinical
                                                                                                                         Psychologist & Founder
                                                                                                                         of Amanasa Indonesia

                                           Kick Off dan Workshop "Desain dan Implementasi          14 April 2025         Ernst & Young
                                           Internal Control over Financial Reporting (ICOFR)       April 14, 2025
                                           PT Jasa Marga (Persero) Tbk"
                                           “Design and Implementation of Internal Control over
                                           Financial Reporting (ICOFR) PT Jasa Marga (Persero)
                                           Tbk” Kick Off and Workshop

                                           Sharing Session Sistem Manjemen Resiko -                17 April 2025         CRMS Indonesia
                                           Resertifikasi QCRO                                      April 17, 2025        (Center for Risk
                                           Risk Management System Sharing Session - QCRO                                 Management Studies)
                                           Recertification

                                           Kartiniʼs Legacy: Langkah Perempuan Sebagai             28 April 2025         Retno Marsudi -
                                           Change Agents di Era Modern                             April 28, 2025        Menteri Luar Negeri RI
                                           Kartini's Legacy: Women as Agents of Change in the                            (2014-2024) | Former
                                           Modern Era                                                                    Minister of Foreign
                                                                                                                         Affairs of the Republic
                                                                                                                         of Indonesia (2014-
                                                                                                                         2024)

                                           Perpanjangan Sertifikasi QCRO Batch 2                   05 May 2025           CRMS Indonesia
                                           QCRO Certification Extension Batch 2                    May 5, 2025           (Center for Risk
                                                                                                                         Management Studies)

                                           Workshop Business Acumen dan Strategic                  23 Mei 2025           PT Prasetiya Mulya ELI
                                           Innovation                                              May 23, 2025
                                           Business Acumen and Strategic Innovation
                                           Workshop

                                           Proposal Presentation - Pelatihan Business Acumen       17 Juni 2025          Jasa Marga Learning
                                           dan Strategic Innovation                                June 17, 2025         Institute
                                           Proposal Presentation - Business Acumen and
                                           Strategic Innovation Training

                                           Business Acumen dan Strategic Innovation Batch 1:       22 Juli 2025          PT Prasetiya Mulya ELI
                                           Online Coaching                                         July 22, 2025
                                           Business Acumen and Strategic Innovation Batch 1:
                                           Online Coaching




190                                                                               Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 191
06                                07                                      08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Komite Tata Kelola Terintegrasi
Table of the Integrated Governance Committee Competency Development



                                                                                                          Waktu
      Nama                                   Materi Pengembangan Kompetensi/
                        Jabatan                                                                        Pelaksanaan          Penyelenggara
      Name                                               Pelatihan
                        Position                                                                      Implementation          Organizer
                                         Subject of Competency Development/Training
                                                                                                           Date
 George I.M.P.       Anggota             Webinar Project Retrospective I2RI 2025                     01 Agustus 2025     Indonesia Infrastructure
 Manurung            Member              "Pengembangan Inovasi Artificial Intelligence (AI)          August 1, 2025      Research & Innovation
                                         Pothole Detection System"                                                       (I2RI)
                                         I2RI 2025 Project Retrospective Webinar
                                         “Development of Artificial Intelligence (AI) Pothole
                                         Detection System Innovation”

                                         Pelatihan Konsep Dasar dan Pentingnya Sistem                04 Agustus 2025     Agus Doddy S.Kom,
                                         Manajemen Kelangsungan Usaha berdasar ISO                   August 4, 2025      AMBCI, LA ISO BCMS -
                                         22301:2019                                                                      Chairman BCM Forum
                                         Training on the Basic Concepts and Importance of                                Indonesia & Senior
                                         Business Continuity Management Systems based on                                 Consultant JPM &
                                         ISO 22301:2019                                                                  Partners

                                         Pelatihan Toll Road Business Management - Insight           20 Agustus 2025     Himpunan
                                         Talk dengan topik "Menguatkan Pilar Ekonomi Lewat           August 20, 2025     Pengembangan Jalan
                                         Infrastruktur: Membangun Bisnis Jalan Tol Tangguh                               Indonesia (HPJI)
                                         di Masa Volatilitas Perekonomian” Kolaborasi Jasa                               Indonesian Road
                                         Marga dan HPJI                                                                  Developers Association
                                         Toll Road Business Management Training - Insight                                (HPJI)
                                         Talk on the topic "Strengthening Economic Pillars
                                         Through Infrastructure: Building a Resilient Toll
                                         Road Business in Times of Economic Volatility"
                                         Collaboration between Jasa Marga and HPJI

                                         Sharing Session Proses Pelaksanaan Konstruksi               22 September 2025 PT Jasa Marga
                                         Jalan Tol                                                   September 22, 2025 (Persero) Tbk
                                         Sharing Session on the Highway Construction
                                         Implementation Process

                                         Seminar aplikasi regulatory compliance system               29 September 2025 Hukum Online
                                         Regulatory compliance system application seminar            September 29, 2025

                                         Business Acumen dan Strategic Innovation Grand              01 Oktober 2025     Jasa Marga Learning
                                         Final Presentation                                          October 1, 2025     Institute
                                         Business Acumen and Strategic Innovation Grand
                                         Final Presentation

                                         Sharing Session Innovation 2025                             10 Oktober 2025     PT Jasa Marga
                                                                                                     October 10, 2025    (Persero) Tbk

                                         Seminar HPJI 2025_Solusi Holistik Geoteknik untuk           23 Oktober 2025     Himpunan
                                         Infrastruktur Jalan Tangguh dan Berkelanjutan               October 23, 2025    Pengembangan Jalan
                                         HPJI Seminar 2025_Holistic Geotechnical Solutions                               Indonesia (HPJI)
                                         for Resilient and Sustainable Road Infrastructure                               Indonesian Road
                                                                                                                         Developers Association
                                                                                                                         (HPJI)

                                         Workshop Jasa Marga Sustainability &                        10 November 2025    • Tommy Tjokro -
                                         Communication Summit 2025                                   November 10, 2025     Founder SEPIKUL
                                         Jasa Marga Sustainability & Communication Summit                                  Indonesia
                                         2025 Workshop                                                                   • Maria Dian Nurani,
                                                                                                                           ST, MSi, SEP, ACPH -
                                                                                                                           CSR & Sustainability
                                                                                                                           Management Expert

                                         Workshop Demo Teknologi Pemadatan Cerdas                    11 Desember 2025    PT Jasa Marga
                                         (Intelligent Compaction)                                    December 11, 2025   (Persero) Tbk
                                         Intelligent Compaction Technology Demo Workshop

                                         Training User Aplikasi Regulatory Compliance                12 Desember 2025    Hukum Online
                                         System (RCS)                                                December 12, 2025
                                         Regulatory Compliance System (RCS) Application
                                         User Training




PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                                          191
Page 192
01                                 02                       03                      04                                       05
Ikhtisar Kinerja Utama             Laporan Manajemen        Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report        Company Profile          Management Discussion and Analysis       Business Support Functions




Tabel Pengembangan Kompetensi Komite Tata Kelola Terintegrasi
Table of the Integrated Governance Committee Competency Development



                                                                                                          Waktu
       Nama                                    Materi Pengembangan Kompetensi/
                             Jabatan                                                                   Pelaksanaan           Penyelenggara
       Name                                                Pelatihan
                             Position                                                                 Implementation           Organizer
                                           Subject of Competency Development/Training
                                                                                                           Date
 George I.M.P.         Anggota             Legal Summit: Peringatan Hakordia dan Seminar            15 Desember 2025      • Yudi Purnomo
 Manurung              Member              Dampak UU KUHAP "Penegakan Tindak Pidana                 December 15, 2025       Harahap - Penyidik
                                           Korupsi Ditinjau dari Prinsip Bussiness Judgement                                KPK | KPK
                                           Rule dan Pedoman Strategis Bagi Korporasi dalam                                  Investigator
                                           Menghadapi Implementasi UU KUHAP                                               • M. Agus Salim -
                                           Legal Summit: Hakordia Commemoration and                                         Hakim Ad-Hoc
                                           Seminar on the Impact of the Criminal Procedure                                  Tindak Pidana
                                           Code "Enforcement of Corruption Crimes Reviewed                                  Korupsi | Ad-Hoc
                                           from the Business Judgment Rule Principle and                                    Judge for Corruption
                                           Strategic Guidelines for Corporations in Facing the                              Crimes
                                           Implementation of the Criminal Procedure Code                                  • Bobby R. Manalu
                                                                                                                            - Siregar Setiawan
                                                                                                                            Manalu Partnership

                                           Infrastructure Outlook 2026 Trends, Risks, and          22 Desember 2025 SBM ITB
                                           Opportunities                                            December 22, 2025

 Lisye Octaviana       Anggota             Pelatihan & Sertifikasi CSRS (Certified Sustainability   21 Januari 2025       Jasa Marga Learning
                       Member              Reporting Specialist)                                    January 21, 2025      Institute
                                           CSRS (Certified Sustainability Reporting Specialist)
                                           Training & Certification

                                           Elevating Excellence: Sustainable Futures Through        03 Februari 2025      Jasa Marga Learning
                                           Innovation [Rakor Direktorat Bisnis]                     February 3, 2025      Institute
                                           Elevating Excellence: Sustainable Futures Through
                                           Innovation [Business Directorate Coordination
                                           Meeting]

                                           Jasa Marga Executive Summit 2025                         06 Februari 2025      • Koeshartanto
                                                                                                    February 6, 2025        Koeswiranto -
                                                                                                                            KTalents Asia
                                                                                                                          • Panji Wasmana -
                                                                                                                            Microsoft Indonesia
                                                                                                                          • Dr. Ir. Waluyo MM
                                                                                                                            - Anggota Komite
                                                                                                                            Akreditasi Nasional |
                                                                                                                            National Accreditation
                                                                                                                            Committee Member

                                           Program EWB Srikandi: "Edukasi & Bantuan Program         14 Februari 2025      Srikandi JM
                                           Stunting, Ibu Hamil dan Posyandu"                        February 14, 2025
                                           EWB Srikandi Program: “Education & Assistance
                                           for Stunting, Pregnant Women, and Posyandu
                                           Programs”

                                           Workshop Jasa Marga Communication Summit 2025            21 Februari 2025      • Neneg Herbawati
                                           Day 2                                                  February 21, 2025       - Founder dan
                                           Jasa Marga Communication Summit 2025 Workshop                                    CEO IGICO Public
                                           (Day 2)                                                                          Affairs Advisory |
                                                                                                                            Founder and CEO of
                                                                                                                            IGICO Public Affairs
                                                                                                                            Advisory
                                                                                                                          • Fardila Astari
                                                                                                                            Rachmilliza -
                                                                                                                            Communication
                                                                                                                            Strategist di
                                                                                                                            Reputasia/Vice
                                                                                                                            Secretary General
                                                                                                                            Perhumas |
                                                                                                                            Communication
                                                                                                                            Strategist at
                                                                                                                            Reputasia/Vice
                                                                                                                            Secretary General
                                                                                                                            Perhumas
                                                                                                                          • Iwet Ramadhan -
                                                                                                                            Broadcaster

                                           [Directorship] Pengenalan Strategis Merger &             10 Maret 2025         PT Prima Wahana
                                           Acquisition                                              March 10, 2025        Caraka (PWC)
                                           [Directorship] Strategic Introduction to Mergers &
                                           Acquisitions




192                                                                                Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 193
06                                07                                   08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan     Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility      Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Komite Tata Kelola Terintegrasi
Table of the Integrated Governance Committee Competency Development



                                                                                                       Waktu
      Nama                                   Materi Pengembangan Kompetensi/
                        Jabatan                                                                     Pelaksanaan          Penyelenggara
      Name                                               Pelatihan
                        Position                                                                   Implementation          Organizer
                                         Subject of Competency Development/Training
                                                                                                        Date
 Lisye Octaviana     Anggota             Webinar Employee Well Being Series_“Smart                20 Maret 2025       Alsi Mega Marsha
                     Member              Working, Not Overworking: Cara Produktif Tanpa           March 20, 2025      Tengker B.A, M. Sc., M.
                                         Harus Burn Out”                                                              Psi., (Caca Tengker)
                                         Employee Well-Being Series Webinar: “Smart                                   - Psikolog Klinis &
                                         Working, Not Overworking: How to Be Productive                               Founder Amanasa
                                         Without Burning Out”                                                         Indonesia | Clinical
                                                                                                                      Psychologist & Founder
                                                                                                                      of Amanasa Indonesia

                                         Kick Off dan Workshop "Desain dan Implementasi           14 April 2025       Ernst & Young
                                         Internal Control over Financial Reporting (ICOFR)        April 14, 2025
                                         PT Jasa Marga (Persero) Tbk"
                                         “Design and Implementation of Internal Control over
                                         Financial Reporting (ICOFR) PT Jasa Marga (Persero)
                                         Tbk” Kick Off and Workshop

                                         BSE Masterclass "Global Trade Tensions: Turning          28 Mei 2025         BUMN School of
                                         Crisis into Opportunity"                                 May 28, 2025        Excellence (BSE)

                                         Webinar Employee Wellbeing (Mental Health)               13 Juni 2025        Dessy Ilsanti, M.Psi. -
                                         Growing Beyond Insecurity: Menjadi Cerdas                June 13, 2025       Psikolog Klinis | Clinical
                                         Emosional di Tempat Kerja                                                    Psychologist
                                         Employee Wellbeing (Mental Health) Webinar
                                         Growing Beyond Insecurity: Becoming Emotionally
                                         Intelligent in the Workplace

                                         Workshop Business Acumen dan Strategic                   18 Juni 2025        PT Prasetiya Mulya ELI
                                         Innovation Batch 2                                       June 18, 2025
                                         Business Acumen and Strategic Innovation
                                         Workshop Batch 2

                                         Proposal Presentation Business Acumen dan                10 Juli 2025        PT Prasetiya Mulya ELI
                                         Strategic Innovation Batch 2                             July 10, 2025
                                         Business Acumen and Strategic Innovation Proposal
                                         Presentation Batch 2

                                         Business Acumen dan Strategic Innovation Batch 2        28 Juli 2025        PT Prasetiya Mulya ELI
                                         Online Coaching                                          July 28, 2025
                                         Business Acumen and Strategic Innovation Batch 2:
                                         Online Coaching

                                         Pelatihan Toll Road Business Management - Insight        20 Agustus 2025     Himpunan
                                         Talk dengan topik "Menguatkan Pilar Ekonomi Lewat        August 20, 2025     Pengembangan Jalan
                                         Infrastruktur: Membangun Bisnis Jalan Tol Tangguh                            Indonesia (HPJI)
                                         di Masa Volatilitas Perekonomian” Kolaborasi Jasa                            Indonesian Road
                                         Marga dan HPJI                                                               Developers Association
                                         Toll Road Business Management Training - Insight                             (HPJI)
                                         Talk on the topic "Strengthening Economic Pillars
                                         Through Infrastructure: Building a Resilient Toll
                                         Road Business in Times of Economic Volatility"
                                         Collaboration between Jasa Marga and HPJI

                                         Coaching with Expert: Business Acumen dan                25 Agustus 2025     PT Jasa Marga
                                         Strategic Innovation Batch 2                             August 25, 2025     (Persero) Tbk
                                         Coaching with Expert: Business Acumen and
                                         Strategic Innovation Batch 2

                                         Seminar aplikasi regulatory compliance system            29 September 2025 Hukum Online
                                         Regulatory compliance system application seminar         September 29, 2025

                                         [Program Cornell] International Executive                02 Oktober 2025     Cornell University
                                         Development Program - Strategic Human Resources          October, 2025
                                         Leadership
                                         [Cornell Program] International Executive
                                         Development Program - Strategic Human Resources
                                         Leadership

                                         Markplus Conference 2026 "Lean & Agile: Al And           11 Desember 2025    Markplus
                                         China In Focus"                                          December 11, 2025

                                         Training User Aplikasi Regulatory Compliance             12 Desember 2025    Hukum Online
                                         System (RCS)                                             December 12, 2025
                                         Regulatory Compliance System (RCS) Application
                                         User Training




PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                                          193
Page 194
01                                 02                       03                     04                                       05
Ikhtisar Kinerja Utama             Laporan Manajemen        Profil Perusahaan       Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report        Company Profile         Management Discussion and Analysis       Business Support Functions




Tabel Pengembangan Kompetensi Komite Tata Kelola Terintegrasi
Table of the Integrated Governance Committee Competency Development



                                                                                                         Waktu
       Nama                                    Materi Pengembangan Kompetensi/
                             Jabatan                                                                  Pelaksanaan           Penyelenggara
       Name                                                Pelatihan
                             Position                                                                Implementation           Organizer
                                           Subject of Competency Development/Training
                                                                                                          Date
 Lisye Octaviana       Anggota             Legal Summit: Peringatan Hakordia dan Seminar           15 Desember 2025      • Yudi Purnomo
                       Member              Dampak UU KUHAP "Penegakan Tindak Pidana                December 15, 2025       Harahap - Penyidik
                                           Korupsi Ditinjau dari Prinsip Bussiness Judgement                               KPK | KPK
                                           Rule dan Pedoman Strategis Bagi Korporasi dalam                                 Investigator
                                           Menghadapi Implementasi UU KUHAP                                              • M. Agus Salim -
                                           Legal Summit: Hakordia Commemoration and                                        Hakim Ad-Hoc Tindak
                                           Seminar on the Impact of the Criminal Procedure                                 Pidana Korupsi |
                                           Code "Enforcement of Corruption Crimes Reviewed                                 Ad-Hoc Judge for
                                           from the Business Judgment Rule Principle and                                   Corruption Crimes
                                           Strategic Guidelines for Corporations in Facing the                           • Bobby R. Manalu
                                           Implementation of the Criminal Procedure Code                                   - Siregar Setiawan
                                                                                                                           Manalu Partnership

 Tyas Pramoda          Anggota             Jasa Marga Executive Summit 2025                        06 Februari 2025      • Koeshartanto
 Wardhani              Member                                                                      February 6, 2025        Koeswiranto -
                                                                                                                           KTalents Asia
                                                                                                                         • Panji Wasmana -
                                                                                                                           Microsoft Indonesia
                                                                                                                         • Dr. Ir. Waluyo MM
                                                                                                                           - Anggota Komite
                                                                                                                           Akreditasi Nasional |
                                                                                                                           National Accreditation
                                                                                                                           Committee Member

                                           JM Talk Operational Services: Tollroad Preservation     14 Februari 2025      PT Jasa Marga
                                           Improvement through the Implementation of Slope         February 14, 2025     (Persero) Tbk
                                           Management System

                                           [Directorship] Pengenalan Strategis Merger &            10 Maret 2025         PT Prima Wahana
                                           Acquisition                                             March 10, 2025        Caraka (PWC)
                                           [Directorship] Strategic Introduction to Mergers &
                                           Acquisitions

                                           Kick Off dan Workshop "Desain dan Implementasi          14 April 2025         Ernst & Young
                                           Internal Control over Financial Reporting (ICOFR)       April 14, 2025
                                           PT Jasa Marga (Persero) Tbk"
                                           “Design and Implementation of Internal Control over
                                           Financial Reporting (ICOFR) PT Jasa Marga (Persero)
                                           Tbk” Kick Off and Workshop

                                           Kartiniʼs Legacy: Langkah Perempuan Sebagai             28 April 2025         Retno Marsudi -
                                           Change Agents di Era Modern                             April 28, 2025        Menteri Luar Negeri RI
                                           Kartini's Legacy: Women as Agents of Change in the                            (2014-2024) | Former
                                           Modern Era                                                                    Minister of Foreign
                                                                                                                         Affairs of the Republic of
                                                                                                                         Indonesia (2014-2024)

                                           Workshop Business Acumen dan Strategic                  23 Mei 2025           PT Prasetiya Mulya ELI
                                           Innovation                                              May 23, 2025
                                           Business Acumen and Strategic Innovation
                                           Workshop

                                           BSE Masterclass "Global Trade Tensions: Turning         28 Mei 2025           BUMN School of
                                           Crisis into Opportunity"                                May 28, 2025          Excellence (BSE)

                                           Proposal Presentation - Pelatihan Business Acumen       17 Juni 2025          Jasa Marga Learning
                                           dan Strategic Innovation                                June 17, 2025         Institute
                                           Proposal Presentation - Business Acumen and
                                           Strategic Innovation Training

                                           Business Acumen dan Strategic Innovation Batch 1:       22 Juli 2025          PT Prasetiya Mulya ELI
                                           Online Coaching                                         July 22, 2025
                                           Business Acumen and Strategic Innovation Batch 1:
                                           Online Coaching




194                                                                               Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 195
06                                07                                    08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Komite Tata Kelola Terintegrasi
Table of the Integrated Governance Committee Competency Development



                                                                                                        Waktu
      Nama                                   Materi Pengembangan Kompetensi/
                        Jabatan                                                                      Pelaksanaan          Penyelenggara
      Name                                               Pelatihan
                        Position                                                                    Implementation          Organizer
                                         Subject of Competency Development/Training
                                                                                                         Date
 Tyas Pramoda        Anggota             Pelatihan Toll Road Business Management - Insight         20 Agustus 2025     Himpunan
 Wardhani            Member              Talk dengan topik "Menguatkan Pilar Ekonomi Lewat         August 20, 2025     Pengembangan Jalan
                                         Infrastruktur: Membangun Bisnis Jalan Tol Tangguh                             Indonesia (HPJI)
                                         di Masa Volatilitas Perekonomian” Kolaborasi Jasa                             Indonesian Road
                                         Marga dan HPJI                                                                Developers Association
                                         Toll Road Business Management Training - Insight                              (HPJI)
                                         Talk on the topic "Strengthening Economic Pillars
                                         Through Infrastructure: Building a Resilient Toll
                                         Road Business in Times of Economic Volatility"
                                         Collaboration between Jasa Marga and HPJI

                                         International Conference on Urban Infrastructure          08 September 2025 Universitas Katolik
                                         Development ICUID 2025                                  September 8, 2025 Parahyangan
                                                                                                                     Parahyangan Catholic
                                                                                                                     University

                                         Seminar aplikasi regulatory compliance system             29 September 2025 Hukum Online
                                         Regulatory compliance system application seminar          September 29, 2025

                                         Business Acumen dan Strategic Innovation Grand            01 Oktober 2025     Jasa Marga Learning
                                         Final Presentation                                        October 1, 2025     Institute
                                         Business Acumen and Strategic Innovation Grand
                                         Final Presentation

                                         [Program Cornell] International Executive                 02 Oktober 2025     Cornell University
                                         Development Program - Strategic Human Resources           October, 2025
                                         Leadership
                                         [Cornell Program] International Executive
                                         Development Program - Strategic Human Resources
                                         Leadership

                                         Workshop Jasa Marga Sustainability &                      10 November 2025    • Tommy Tjokro -
                                         Communication Summit 2025                                 November 10, 2025     Founder SEPIKUL
                                         Jasa Marga Sustainability & Communication Summit                                Indonesia
                                         2025 Workshop                                                                 • Maria Dian Nurani,
                                                                                                                         ST, MSi, SEP, ACPH -
                                                                                                                         CSR & Sustainability
                                                                                                                         Management Expert

                                         Workshop Demo Teknologi Pemadatan Cerdas                  11 Desember 2025    Hukum Online
                                         (Intelligent Compaction)                                  December 11, 2025
                                         Intelligent Compaction Technology Demo Workshop

 Widiyatmiko         Anggota             Jasa Marga Executive Summit 2025                          06 Februari 2025    • Koeshartanto
 Nursejati           Member                                                                        February 6, 2025      Koeswiranto -
                                                                                                                         KTalents Asia
                                                                                                                       • Panji Wasmana -
                                                                                                                         Microsoft Indonesia
                                                                                                                       • Dr. Ir. Waluyo
                                                                                                                         MM - Anggota
                                                                                                                         Komite Akreditasi
                                                                                                                         Nasional | National
                                                                                                                         Accreditation
                                                                                                                         Committee Member

                                         JM Talk Operational Services: Tollroad Preservation       14 Februari 2025    PT Jasa Marga
                                         Improvement through the Implementation of Slope           February 14, 2025   (Persero) Tbk
                                         Management System

                                         Pelatihan Pengisian dan Pelaporan SPT Orang               19 Februari 2025    PT Ortax
                                         Pribadi Karyawan PT Jasa Marga (Persero) Tbk              February 19, 2025
                                         Training on Filling Out and Reporting Personal Tax
                                         Returns for Employees of PT Jasa Marga (Persero)
                                         Tbk

                                         Coaching with Expert: Business Acumen dan                 26 Agustus 2025     PT Jasa Marga
                                         Strategic Innovation Batch 2                              August 26, 2025     (Persero) Tbk
                                         Coaching with Experts: Business Acumen and
                                         Strategic Innovation Batch 2

                                         Seminar aplikasi regulatory compliance system             29 September 2025 Hukum Online
                                         Regulatory compliance system application seminar          September 29, 2025




PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                                           195
Page 196
01                                 02                       03                    04                                       05
Ikhtisar Kinerja Utama             Laporan Manajemen        Profil Perusahaan      Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report        Company Profile        Management Discussion and Analysis       Business Support Functions




Tabel Pengembangan Kompetensi Komite Tata Kelola Terintegrasi
Table of the Integrated Governance Committee Competency Development



                                                                                                        Waktu
       Nama                                    Materi Pengembangan Kompetensi/
                             Jabatan                                                                 Pelaksanaan           Penyelenggara
       Name                                                Pelatihan
                             Position                                                               Implementation           Organizer
                                           Subject of Competency Development/Training
                                                                                                         Date
 Widiyatmiko           Anggota             Leveraging Digital Innovation to Amplify Customer      30 September 2025 Didiek Hartantyo
 Nursejati             Member              Experience                                             September 30, 2025 - Direktur Utama
                                                                                                                     PT Kereta Api Indonesia
                                                                                                                     (Persero) | Director of
                                                                                                                     PT Kereta Api Indonesia
                                                                                                                     (Persero)

                                           Workshop Jasa Marga Sustainability &                   10 November 2025      • Tommy Tjokro -
                                           Communication Summit 2025                              November 10, 2025       Founder SEPIKUL
                                           Jasa Marga Sustainability & Communication Summit                               Indonesia
                                           2025 Workshop                                                                • Maria Dian Nurani,
                                                                                                                          ST, MSi, SEP, ACPH -
                                                                                                                          CSR & Sustainability
                                                                                                                          Management Expert

                                           JM-TALK Business Support Series: Employee              12 November 2025      Dr. Maharsi
                                           Engagement Survey - Bekerja Sepenuh Hati,              November 12, 2025     Anindyajati, M.Psi.,
                                           Berdampak Memberi Arti                                                       Psikolog – Practitioner
                                           JM-TALK Business Support Series: Employee                                    | Psychologist –
                                           Engagement Survey - Working Wholeheartedly,                                  Practitioner
                                           Making a Meaningful Impact

                                           Workshop Demo Teknologi Pemadatan Cerdas               11 Desember 2025      Hukum Online
                                           (Intelligent Compaction)                               December 11, 2025
                                           Intelligent Compaction Technology Demo Workshop

                                           Legal Summit: Peringatan Hakordia dan Seminar          15 Desember 2025      • Yudi Purnomo
                                           Dampak UU KUHAP "Penegakan Tindak Pidana               December 15, 2025       Harahap - Penyidik
                                           Korupsi Ditinjau dari Prinsip Bussiness Judgement                              KPK | KPK
                                           Rule dan Pedoman Strategis Bagi Korporasi dalam                                Investigator
                                           Menghadapi Implementasi UU KUHAP                                             • M. Agus Salim -
                                           Legal Summit: Hakordia Commemoration and                                       Hakim Ad-Hoc Tindak
                                           Seminar on the Impact of the Criminal Procedure                                Pidana Korupsi |
                                           Code "Enforcement of Corruption Crimes Reviewed                                Ad-Hoc Judge for
                                           from the Business Judgment Rule Principle and                                  Corruption Crimes
                                           Strategic Guidelines for Corporations in Facing the                          • Bobby R. Manalu
                                           Implementation of the Criminal Procedure Code                                  - Siregar Setiawan
                                                                                                                          Manalu Partnership

 Truly                 Anggota             Webinar: Visual Interactive BIM Experience             24 Juni 2025          Jasa Marga Learning
 Nawangsasi            Member                                                                     June 24, 2025         Institute

                                           Knowledge Sharing Forum (KSF) terkait                  07 November 2025      Kementerian PUPR
                                           Pemeriksaan dan Pemeliharaan Terowongan MRT            November 7, 2025      Ministry of PUPR
                                           Jakarta
                                           Knowledge Sharing Forum (KSF) on Inspection and
                                           Maintenance of Jakarta MRT Tunnels

                                           Town Hall Meeting Jasa Marga Group: Launching          20 November 2025 PT Jasa Marga
                                           Budaya Kerja JSMR MOVE                                 November 20, 2025 (Persero) Tbk
                                           Jasa Marga Group Town Hall Meeting: Launching the
                                           JSMR MOVE Work Culture

                                           Webinar Series BK Sipil PII: Pembiayaan Kreatif        29 November 2025 PII
                                           Penyediaan Infrastruktur "Pembiayaan Infrastruktur     November 29, 2025
                                           Jalan Tol di Indonesia"
                                           PII Civil Engineering Webinar Series: Creative
                                           Financing for Infrastructure Provision “Toll Road
                                           Infrastructure Financing in Indonesia”

                                           Legal Summit: Peringatan Hakordia dan Seminar          15 Desember 2025      • Yudi Purnomo
                                           Dampak UU KUHAP "Penegakan Tindak Pidana               December 15, 2025       Harahap - Penyidik
                                           Korupsi Ditinjau dari Prinsip Bussiness Judgement                              KPK | KPK
                                           Rule dan Pedoman Strategis Bagi Korporasi dalam                                Investigator
                                           Menghadapi Implementasi UU KUHAP                                             • M. Agus Salim -
                                           Legal Summit: Hakordia Commemoration and                                       Hakim Ad-Hoc Tindak
                                           Seminar on the Impact of the Criminal Procedure                                Pidana Korupsi |
                                           Code "Enforcement of Corruption Crimes Reviewed                                Ad-Hoc Judge for
                                           from the Business Judgment Rule Principle and                                  Corruption Crimes
                                           Strategic Guidelines for Corporations in Facing the                          • Bobby R. Manalu
                                           Implementation of the Criminal Procedure Code                                  - Siregar Setiawan
                                                                                                                          Manalu Partnership




196                                                                              Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 197
06                                07                                    08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Komite Tata Kelola Terintegrasi
Table of the Integrated Governance Committee Competency Development



                                                                                                        Waktu
      Nama                                   Materi Pengembangan Kompetensi/
                        Jabatan                                                                      Pelaksanaan          Penyelenggara
      Name                                               Pelatihan
                        Position                                                                    Implementation          Organizer
                                         Subject of Competency Development/Training
                                                                                                         Date
 Truly               Anggota             Infrastructure Outlook 2026 Trends, Risks, and           22 Desember 2025 SBM ITB
 Nawangsasi          Member              Opportunities                                             December 22, 2025

 JB Satya            Anggota             Sharing Session terkait Tindak Lanjut Penanganan          19 September 2025 Jasa Marga Learning
 Sananugraha         Member              Aksi Unjuk Rasa Ruas Cawang – Tomang – Pluit              September 19, 2025 Institute
                                         (Dalam Kota)
                                         Sharing Session on Follow-up Actions to Handle
                                         Protests in the Cawang – Tomang – Pluit Area (Inner
                                         City)

                                         Knowledge Sharing Forum (KSF) terkait                     07 November 2025    Kementerian PUPR
                                         Pemeriksaan dan Pemeliharaan Terowongan MRT               November 7, 2025    Ministry of PUPR
                                         Jakarta
                                         Knowledge Sharing Forum (KSF) on Inspection and
                                         Maintenance of Jakarta MRT Tunnels

                                         Webinar Series BK Sipil PII: Pembiayaan Kreatif           29 November 2025 PII
                                         Penyediaan Infrastruktur " Pembiayaan Infrastruktur       November 29, 2025
                                         Jalan Tol di Indonesia"
                                         PII Civil Engineering Webinar Series: Creative
                                         Financing for Infrastructure Provision “Toll Road
                                         Infrastructure Financing in Indonesia”

                                         Legal Summit: Peringatan Hakordia dan Seminar             15 Desember 2025    • Yudi Purnomo
                                         Dampak UU KUHAP "Penegakan Tindak Pidana                  December 15, 2025     Harahap - Penyidik
                                         Korupsi Ditinjau dari Prinsip Bussiness Judgement                               KPK | KPK
                                         Rule dan Pedoman Strategis Bagi Korporasi dalam                                 Investigator
                                         Menghadapi Implementasi UU KUHAP                                              • M. Agus Salim -
                                         Legal Summit: Hakordia Commemoration and                                        Hakim Ad-Hoc Tindak
                                         Seminar on the Impact of the Criminal Procedure                                 Pidana Korupsi |
                                         Code "Enforcement of Corruption Crimes Reviewed                                 Ad-Hoc Judge for
                                         from the Business Judgment Rule Principle and                                   Corruption Crimes
                                         Strategic Guidelines for Corporations in Facing the                           • Bobby R. Manalu
                                         Implementation of the Criminal Procedure Code                                   - Siregar Setiawan
                                                                                                                         Manalu Partnership

 Agung Prabowo       Anggota             Seminar Bulan K3 Nasional Tahun 2025 PT Jasa              10 Februari 2025    dr. Andhika Raspati,
                     Member              Marga (Persero) Tbk                                       February 10, 2025   SpKO
                                         National OHS Month Seminar of 2025 in PT Jasa
                                         Marga (Persero) Tbk

                                         KSF Pengujian Pondasi                                     04 September 2025 Himpunan
                                         KSF on Foundation Testing                                 September 4, 2025 Pengembangan Jalan
                                                                                                                     Indonesia (HPJI)
                                                                                                                     Indonesian Road
                                                                                                                     Developers Association
                                                                                                                     (HPJI)

                                         Seminar HPJI 2025_Solusi Holistik Geoteknik untuk         23 Oktober 2025     Himpunan
                                         Infrastruktur Jalan Tangguh dan Berkelanjutan             October 23, 2025    Pengembangan Jalan
                                         HPJI Seminar 2025_Holistic Geotechnical Solutions                             Indonesia (HPJI)
                                         for Resilient and Sustainable Road Infrastructure                             Indonesian Road
                                                                                                                       Developers Association
                                                                                                                       (HPJI)

                                         Knowledge Sharing Forum (KSF) terkait                     07 November 2025    Kementerian PUPR
                                         Pemeriksaan dan Pemeliharaan Terowongan MRT               November 7, 2025    Ministry of PUPR
                                         Jakarta
                                         Knowledge Sharing Forum (KSF) on Inspection and
                                         Maintenance of Jakarta MRT Tunnels

                                         Webinar Series BK Sipil PII: Pembiayaan Kreatif           29 November 2025 PII
                                         Penyediaan Infrastruktur " Pembiayaan Infrastruktur       November 29, 2025
                                         Jalan Tol di Indonesia"
                                         PII Civil Engineering Webinar Series: Creative
                                         Financing for Infrastructure Provision “Toll Road
                                         Infrastructure Financing in Indonesia”

                                         Infrastructure Outlook 2026 Trends, Risks, and           22 Desember 2025 SBM ITB
                                         Opportunities                                             December 22, 2025




PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                                        197
Page 198
01                                 02                       03                    04                                       05
Ikhtisar Kinerja Utama             Laporan Manajemen        Profil Perusahaan      Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report        Company Profile        Management Discussion and Analysis       Business Support Functions




Tabel Pengembangan Kompetensi Komite Tata Kelola Terintegrasi
Table of the Integrated Governance Committee Competency Development



                                                                                                        Waktu
       Nama                                    Materi Pengembangan Kompetensi/
                             Jabatan                                                                 Pelaksanaan           Penyelenggara
       Name                                                Pelatihan
                             Position                                                               Implementation           Organizer
                                           Subject of Competency Development/Training
                                                                                                         Date
 Pande Ketut           Anggota             Webinar: Visual Interactive BIM Experience             24 Juni 2025          Jasa Marga Learning
 Gede Karmawan         Member                                                                     June 24, 2025         Institute

                                           Seminar HPJI 2025_Solusi Holistik Geoteknik untuk      23 Oktober 2025       Himpunan
                                           Infrastruktur Jalan Tangguh dan Berkelanjutan          October 23, 2025      Pengembangan Jalan
                                           HPJI Seminar 2025_Holistic Geotechnical Solutions                            Indonesia (HPJI)
                                           for Resilient and Sustainable Road Infrastructure                            Indonesian Road
                                                                                                                        Developers Association
                                                                                                                        (HPJI)

                                           Knowledge Sharing Forum (KSF) terkait Pemeriksaan 07 November 2025           Kementerian PUPR
                                           dan Pemeliharaan Terowongan MRT Jakarta           November 7, 2025           Ministry of PUPR
                                           Knowledge Sharing Forum (KSF) on Inspection and
                                           Maintenance of Jakarta MRT Tunnels

                                           Legal Summit: Peringatan Hakordia dan Seminar          15 Desember 2025      • Yudi Purnomo
                                           Dampak UU KUHAP "Penegakan Tindak Pidana               December 15, 2025       Harahap - Penyidik
                                           Korupsi Ditinjau dari Prinsip Bussiness Judgement                              KPK | KPK
                                           Rule dan Pedoman Strategis Bagi Korporasi dalam                                Investigator
                                           Menghadapi Implementasi UU KUHAP                                             • M. Agus Salim -
                                           Legal Summit: Hakordia Commemoration and                                       Hakim Ad-Hoc Tindak
                                           Seminar on the Impact of the Criminal Procedure                                Pidana Korupsi |
                                           Code "Enforcement of Corruption Crimes Reviewed                                Ad-Hoc Judge for
                                           from the Business Judgment Rule Principle and                                  Corruption Crimes
                                           Strategic Guidelines for Corporations in Facing the                          • Bobby R. Manalu
                                           Implementation of the Criminal Procedure Code                                  - Siregar Setiawan
                                                                                                                          Manalu Partnership

                                           Infrastructure Outlook 2026 Trends, Risks, and        22 Desember 2025 SBM ITB
                                           Opportunities                                          December 22, 2025

 Eko Sujianto          Anggota             Webinar: Visual Interactive BIM Experience             24 Juni 2025          Jasa Marga Learning
                       Member                                                                     June 24, 2025         Institute

                                           Knowledge Sharing Forum KSF Long-Span Bridge           19 Agustus 2025       BPSDM Kementerian
                                           Maintenance in Japan                                   August 19, 2025       Pekerjaan Umum
                                                                                                                        Ministry of Public
                                                                                                                        Works BPSDM

                                           Knowledge Sharing Forum (KSF) terkait                  07 November 2025      Kementerian PUPR
                                           Pemeriksaan dan Pemeliharaan Terowongan MRT            November 7, 2025      Ministry of PUPR
                                           Jakarta
                                           Knowledge Sharing Forum (KSF) on Inspection and
                                           Maintenance of Jakarta MRT Tunnels

                                           Learn & Share - Penerapan Hybrid Wind Tree             14 November 2025      Jasa Marga Learning
                                           sebagai Langkah Awal Efisiensi Energi di Jasa Marga    November 14, 2025     Institute Group
                                           [I2RI]
                                           Learn & Share - Implementation of Hybrid Wind
                                           Trees as a First Step Toward Energy Efficiency at
                                           Jasa Marga [I2RI]

                                           Webinar Series BK Sipil PII: Pembiayaan Kreatif        29 November 2025 PII
                                           Penyediaan Infrastruktur "Pembiayaan Infrastruktur     November 29, 2025
                                           Jalan Tol di Indonesia"
                                           PII Civil Engineering Webinar Series: Creative
                                           Financing for Infrastructure Provision “Toll Road
                                           Infrastructure Financing in Indonesia”

                                           Infrastructure Outlook 2026 Trends, Risks, and        22 Desember 2025 SBM ITB
                                           Opportunities                                          December 22, 2025

 Abram Elsajaya        Anggota             Seminar HPJI 2025_Solusi Holistik Geoteknik untuk      23 Oktober 2025       Himpunan
 Barus                 Member              Infrastruktur Jalan Tangguh dan Berkelanjutan          October 23, 2025      Pengembangan Jalan
                                           HPJI Seminar 2025_Holistic Geotechnical Solutions                            Indonesia (HPJI)
                                           for Resilient and Sustainable Road Infrastructure                            Indonesian Road
                                                                                                                        Developers Association
                                                                                                                        (HPJI)

                                           Knowledge Sharing Forum (KSF) terkait Pemeriksaan 07 November 2025           Kementerian PUPR
                                           dan Pemeliharaan Terowongan MRT Jakarta           November 7, 2025           Ministry of PUPR
                                           Knowledge Sharing Forum (KSF) on Inspection and
                                           Maintenance of Jakarta MRT Tunnels




198                                                                              Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 199
06                                07                                    08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Komite Tata Kelola Terintegrasi
Table of the Integrated Governance Committee Competency Development



                                                                                                        Waktu
      Nama                                   Materi Pengembangan Kompetensi/
                        Jabatan                                                                      Pelaksanaan           Penyelenggara
      Name                                               Pelatihan
                        Position                                                                    Implementation           Organizer
                                         Subject of Competency Development/Training
                                                                                                         Date
 Abram Elsajaya      Anggota             Webinar Series BK Sipil PII: Pembiayaan Kreatif           29 November 2025 PII
 Barus               Member              Penyediaan Infrastruktur "Pembiayaan Infrastruktur        November 29, 2025
                                         Jalan Tol di Indonesia"
                                         PII Civil Engineering Webinar Series: Creative
                                         Financing for Infrastructure Provision “Toll Road
                                         Infrastructure Financing in Indonesia”

                                         Legal Summit: Peringatan Hakordia dan Seminar             15 Desember 2025    • Yudi Purnomo
                                         Dampak UU KUHAP "Penegakan Tindak Pidana                  December 15, 2025     Harahap - Penyidik
                                         Korupsi Ditinjau dari Prinsip Bussiness Judgement                               KPK | KPK
                                         Rule dan Pedoman Strategis Bagi Korporasi dalam                                 Investigator
                                         Menghadapi Implementasi UU KUHAP                                              • M. Agus Salim -
                                         Legal Summit: Hakordia Commemoration and                                        Hakim Ad-Hoc Tindak
                                         Seminar on the Impact of the Criminal Procedure                                 Pidana Korupsi |
                                         Code "Enforcement of Corruption Crimes Reviewed                                 Ad-Hoc Judge for
                                         from the Business Judgment Rule Principle and                                   Corruption Crimes
                                         Strategic Guidelines for Corporations in Facing the                           • Bobby R. Manalu
                                         Implementation of the Criminal Procedure Code                                   - Siregar Setiawan
                                                                                                                         Manalu Partnership

                                         Infrastructure Outlook 2026 Trends, Risks, and           22 Desember 2025 SBM ITB
                                         Opportunities                                             December 22, 2025

 Inonu Ferryanto     Anggota             Kick Off dan Workshop "Desain dan Implementasi            14 April 2025       Ernst & Young
                     Member              Internal Control over Financial Reporting (ICOFR)         April 14, 2025
                                         PT Jasa Marga (Persero) Tbk"
                                         “Design and Implementation of Internal Control over
                                         Financial Reporting (ICOFR) PT Jasa Marga (Persero)
                                         Tbk” Kick Off and Workshop

                                         Seminar HPJI 2025_Solusi Holistik Geoteknik untuk         23 Oktober 2025     Himpunan
                                         Infrastruktur Jalan Tangguh dan Berkelanjutan             October 23, 2025    Pengembangan Jalan
                                         HPJI Seminar 2025_Holistic Geotechnical Solutions                             Indonesia (HPJI)
                                         for Resilient and Sustainable Road Infrastructure                             Indonesian Road
                                                                                                                       Developers Association
                                                                                                                       (HPJI)

                                         Knowledge Sharing Forum (KSF) terkait Pemeriksaan 07 November 2025            Kementerian PUPR
                                         dan Pemeliharaan Terowongan MRT Jakarta           November 7, 2025            Ministry of PUPR
                                         Knowledge Sharing Forum (KSF) on Inspection and
                                         Maintenance of Jakarta MRT Tunnels

                                         Learn & Share - Penerapan Hybrid Wind Tree sebagai 14 November 2025           Jasa Marga Learning
                                         Langkah Awal Efisiensi Energi di Jasa Marga [I2RI]  November 14, 2025         Institute Group
                                         Learn & Share - Implementation of Hybrid Wind Trees
                                         as a First Step Toward Energy Efficiency at Jasa
                                         Marga [I2RI]

                                         Legal Summit: Peringatan Hakordia dan Seminar             15 Desember 2025    • Yudi Purnomo
                                         Dampak UU KUHAP "Penegakan Tindak Pidana                  December 15, 2025     Harahap - Penyidik
                                         Korupsi Ditinjau dari Prinsip Bussiness Judgement                               KPK | KPK
                                         Rule dan Pedoman Strategis Bagi Korporasi dalam                                 Investigator
                                         Menghadapi Implementasi UU KUHAP                                              • M. Agus Salim -
                                         Legal Summit: Hakordia Commemoration and                                        Hakim Ad-Hoc Tindak
                                         Seminar on the Impact of the Criminal Procedure                                 Pidana Korupsi |
                                         Code "Enforcement of Corruption Crimes Reviewed                                 Ad-Hoc Judge for
                                         from the Business Judgment Rule Principle and                                   Corruption Crimes
                                         Strategic Guidelines for Corporations in Facing the                           • Bobby R. Manalu
                                         Implementation of the Criminal Procedure Code                                   - Siregar Setiawan
                                                                                                                         Manalu Partnership

                                         Infrastructure Outlook 2026 Trends, Risks, and           22 Desember 2025 SBM ITB
                                         Opportunities                                             December 22, 2025

 Firman Yosafat      Anggota             -                                                         -                   -
 Siregar             Member

 Arief Budhy         Anggota             -                                                         -                   -
 Hardono             Member

 Ahmad Nasir         Anggota             -                                                         -                   -
 Siregar             Member

 Mira Handayani      Anggota             -                                                         -                   -
 S                   Member



PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                                      199
Page 200
01                                 02                      03                      04                                          05
Ikhtisar Kinerja Utama             Laporan Manajemen       Profil Perusahaan        Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report       Company Profile          Management Discussion and Analysis          Business Support Functions




Pengembangan Kompetensi Sekretaris Dewan Komisaris
Board of Commissioners’ Secretary Competency Development

Tabel Pengembangan Kompetensi Sekretaris Dewan Komisaris
Table of the Board of Commissioners’ Secretary Competency Development


                                                                                                              Waktu
       Nama                  Jabatan         Materi Pengembangan Kompetensi/Pelatihan                      Pelaksanaan             Penyelenggara
       Name                  Position        Subject of Competency Development/Training                   Implementation             Organizer
                                                                                                               Date
 Sukendar              Sekretaris          Pelatihan Penyusunan Dokumen Sistem Manajemen                 28 Agustus 2025          Agus Doddy
                       Dewan               Kelangsungan Usaha Berdasarkan ISO 22301:2019                 August 28, 2025          S.Kom, AMBCI, LA
                       Komisaris           Training on the Development of Business Continuity                                     ISO BCMS
                       Board of            Management System Documentation Based on ISO
                       Commissioners’      22301:2019
                       Secretary



Tabel Pengembangan Kompetensi Sekretaris Perusahaan
Table of the Board of Corporate Secretary Competency Development


                                             Materi Pengembangan Kompetensi/                       Waktu
       Nama                  Jabatan                      Pelatihan                             Pelaksanaan                  Penyelenggara
       Name                  Position        Subject of Competency Development/                Implementation                  Organizer
                                                           Training                                 Date
 Ari Wibowo            Corporate           Jasa Marga Executive Summit 2025                  06 Februari 2025           • Koeshartanto Koeswiranto -
                       Secretary                                                             February 6, 2025             KTalents Asia
                       & Chief                                                                                          • Panji Wasmana - Microsoft
                       Administration                                                                                     Indonesia
                       Officer                                                                                          • Dr. Ir. Waluyo MM - Anggota
                                                                                                                          Komite Akreditasi Nasional
                                                                                                                          | Member of the National
                                                                                                                          Accreditation Committee

                                           Elevating Excellence: Sustainable Futures         03 Februari 2025           M. Fajrin Rasyid - Chief
                                           Through Innovation                                February 3, 2025           Digital & Innovation Officer
                                                                                                                        Telkom Indonesia

                                           Workshop Jasa Marga Communication Summit          21 Februari 2025           • Neneg Herbawati - Founder
                                           2025                                              February 21, 2025            dan CEO IGICO Public
                                                                                                                          Affairs Advisory
                                                                                                                        • Fardila Astari Rachmilliza -
                                                                                                                          Communication Strategist
                                                                                                                          di Reputasia/Vice Secretary
                                                                                                                          General Perhumas
                                                                                                                        • Iwet Ramadhan -
                                                                                                                          Broadcaster

                                           [Directorship] Pengenalan Strategis Merger &      10 Maret 2025              PT Prima Wahana Caraka
                                           Acquisition                                       March 10, 2025             (PWC)
                                           [Directorship] Strategic Introduction to
                                           Mergers & Acquisitions

                                           Kick Off dan Workshop "Desain dan                 14 April 2025              Ernst & Young
                                           Implementasi Internal Control Over Financial      April 14, 2025
                                           Reporting (ICOFR) PT Jasa Marga (Persero)
                                           Tbk"
                                           Kick-off and Workshop on “Design and
                                           Implementation of Internal Control Over
                                           Financial Reporting (ICOFR) at PT Jasa Marga
                                           (Persero) Tbk”

                                           “Kartiniʼs Legacy: Langkah Perempuan              28 April 2025              Retno Marsudi - Menteri Luar
                                           Sebagai Change Agents di Era Modern”              April 28, 2025             Negeri RI (2014-2024)
                                           “Kartini’s Legacy: Women as Change Agents in                                 Minister of Foreign Affairs
                                           the Modern Era                                                               of the Republic of Indonesia
                                                                                                                        (2014-2024)

                                           Sharing Session Sistem Manjemen Resiko -          17 April 2025              CRMS Indonesia (Center for
                                           Resertifikasi QCRO                                April 17, 2025             Risk Management Studies)
                                           Risk Management System Sharing Session –
                                           QCRO Recertification

                                           Perpanjangan Sertifikasi QCRO Batch 1             24 April 2025              CRMS Indonesia (Center for
                                           QCRO Certification Renewal – Batch 1              April 24, 2025             Risk Management Studies)




200                                                                              Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 201
06                                07                                        08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Sekretaris Perusahaan
Table of the Board of Corporate Secretary Competency Development


                                           Materi Pengembangan Kompetensi/                            Waktu
      Nama              Jabatan                         Pelatihan                                  Pelaksanaan                Penyelenggara
      Name              Position           Subject of Competency Development/                     Implementation                Organizer
                                                         Training                                      Date
 Ari Wibowo          Corporate           Pelatihan Toll Road Business Management -              20 Agustus 2025          Himpunan Pengembangan
                     Secretary           Insight Talk dengan topik "Menguatkan Pilar            August 20, 2025          Jalan Indonesia (HPJI)
                     & Chief             Ekonomi Lewat Infrastruktur: Membangun                                          Indonesian Road Developers
                     Administration      Bisnis Jalan Tol Tangguh di Masa Volatilitas                                    Association (HPJI)
                     Officer             Perekonomian” Kolaborasi Jasa Marga dan
                                         HPJI
                                         Toll Road Business Management Training
                                         - Insight Talk on the topic “Strengthening
                                         Economic Pillars Through Infrastructure:
                                         Building a Resilient Toll Road Business in
                                         Times of Economic Volatility” Collaboration
                                         between Jasa Marga and HPJI

                                         Go Live Aplikasi Regulatory Compliance                 29 September 2025        PT BSI
                                         System (RCS) dan Sharing Session Sistem                September 29, 2025
                                         Manajemen Kepatuhan Berbasis ISO
                                         37301:2021 (Compliance Management
                                         System)
                                         Go Live of the Regulatory Compliance System
                                         (RCS) App and Sharing Session on the ISO
                                         37301:2021-Based Compliance Management
                                         System



Pengembangan Kompetensi Komite Manajemen Risiko
Board of Commissioners’ Secretary Competency Development

Tabel Pengembangan Kompetensi Komite Manajemen Risiko
Table of the Risk Management Committee Competency Development


                                                                     Materi Pengembangan                    Waktu
      Nama              Jabatan            Kedudukan                 Kompetensi/Pelatihan                Pelaksanaan              Penyelenggara
      Name              Position              Role                   Subject of Competency              Implementation              Organizer
                                                                      Development/Training                   Date
 Rivan Achmad        Direktur Utama      Ketua Komite
 Purwantono          President           Chairman of the
                     Director            Committee
 Pramitha            Direktur            Sekretariat
 Wulanjani           Keuangan dan        Komite
                     Manajemen           Merangkap            Dapat dilihat pada pembahasan Pengembangan Kompetensi Direksi
                     Risiko              Anggota Komite       Available in the Board of Directors Competency Development section
                     Director of         Committee
                     Finance and Risk    Secretariat
                     Management          Concurrently
                                         as Committee
                                         Member
 Devi Lusyana        Risk & Quality,     Wakil Sekretaris     Jasa Marga Executive Summit              06 Februari 2025      • Koeshartanto
                     Health, Safety      Komite               2025                                     February 6, 2025        Koeswiranto -
                     & Environment       Merangkap                                                                             KTalents Asia
                     Group Head          Anggota                                                                             • Panji Wasmana -
                                         Deputy                                                                                Microsoft Indonesia
                                         Secretary of the                                                                    • Dr. Ir. Waluyo MM
                                         Committee and                                                                         - Anggota Komite
                                         Member                                                                                Akreditasi Nasional
                                                                                                                               | Member of the
                                                                                                                               National Accreditation
                                                                                                                               Committee
                                                              Pelatihan Internal Control Over          18 Februari 2025      PERURI
                                                              Financial Reporting (ICOFR)              February 18, 2025
                                                              Internal Control Over Financial
                                                              Reporting (ICOFR) Training
                                                              [Directorship] Pengenalan                10 Maret 2025         PT Prima Wahana
                                                              Strategis Merger & Acquisition           March 10, 2025        Caraka (PWC)
                                                              [Directorship] Strategic
                                                              Introduction to Mergers &
                                                              Acquisitions


PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                              201
Page 202
01                                02                         03                     04                                       05
Ikhtisar Kinerja Utama            Laporan Manajemen          Profil Perusahaan       Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report          Company Profile         Management Discussion and Analysis       Business Support Functions




Tabel Pengembangan Kompetensi Komite Manajemen Risiko
Table of the Risk Management Committee Competency Development


                                                                  Materi Pengembangan                     Waktu
       Nama                  Jabatan        Kedudukan             Kompetensi/Pelatihan                 Pelaksanaan           Penyelenggara
       Name                  Position          Role               Subject of Competency               Implementation           Organizer
                                                                   Development/Training                    Date
 Devi Lusyana          Risk & Quality,    Wakil Sekretaris     Kick Off dan Workshop "Desain         14 April 2025        Ernst & Young
                       Health, Safety     Komite               dan Implementasi Internal Control     April 14, 2025
                       & Environment      Merangkap            Over Financial Reporting (ICOFR)
                       Group Head         Anggota              PT Jasa Marga (Persero) Tbk"
                                          Deputy               Kick-off and Workshop on
                                          Secretary of the     “Design and Implementation of
                                          Committee and        Internal Control over Financial
                                          Member               Reporting (ICOFR) at PT Jasa
                                                               Marga (Persero) Tbk”

                                                               Perpanjangan Sertifikasi QCRO         24 April 2025        CRMS Indonesia (Center
                                                               Batch 1                               April 24, 2025       for Risk Management
                                                               QCRO Certification Renewal –                               Studies)
                                                               Batch 1




                                                               Kick-off Program CRO School           02 Mei 2025          BUMN School of
                                                               Tahun 2025                            May 2, 2025          Excellence (BSE)
                                                               Kick-off of the 2025 CRO School
                                                               Program

                                                               Offline Class_Program Chief           14 Mei 2025          BUMN School of
                                                               Risk Officer (CRO) School Tahun       May 14, 2025         Excellence (BSE)
                                                               2025_BSE
                                                               Offline Class_Chief Risk Officer
                                                               (CRO) School Program 2025_BSE

                                                               Pre Program_Chief Risk Officer        02 Mei 2025          BUMN School of
                                                               (CRO) School Tahun 2025_BSE           May 2, 2025          Excellence (BSE)
                                                               Pre-Program_Chief Risk Officer
                                                               (CRO) School 2025_BSE

                                                               Workshop Business Acumen dan          18 Juni 2025         PT Prasetiya Mulya ELI
                                                               Strategic Innovation Batch 2          June 18, 2025
                                                               Business Acumen and Strategic
                                                               Innovation Workshop Batch 2

                                                               Pelatihan Risk Maturity Index (RMI)   09 Juli 2025         RWI Consulting
                                                               Risk Maturity Index (RMI) Training    July 9, 2025

                                                               Proposal Presentation Business        10 Juli 2025         PT Prasetiya Mulya ELI
                                                               Acumen dan Strategic Innovation       July 10, 2025
                                                               Batch 2
                                                               Business Acumen and Strategic
                                                               Innovation Proposal Presentation
                                                               Batch 2

                                                               Business Acumen dan Strategic         28 Juli 2025         PT Prasetiya Mulya ELI
                                                               Innovation Batch 2 Online            July 28, 2025
                                                               Coaching
                                                               Business Acumen and Strategic
                                                               Innovation Batch 2: Online
                                                               Coaching

                                                               Pelatihan Konsep Dasar dan            04 Agustus 2025      Agus Doddy S.Kom,
                                                               Pentingnya Sistem Manajemen           August 4, 2025       AMBCI, LA ISO BCMS -
                                                               Kelangsungan Usaha Berdasar                                Chairman BCM Forum
                                                               ISO 22301:2019                                             Indonesia & Senior
                                                               Training on the Basic Concepts                             Consultant JPM &
                                                               and Importance of Business                                 Partners
                                                               Continuity Management Systems
                                                               based on ISO 22301:2019

                                                               Training and Certification Public     13 Agustus 2025      ESQ Leadership Center
                                                               Speaking BNSP                         August 13, 2025

                                                               GRC Summit Seminar and                21 Agustus 2025      CRMS Indonesia
                                                               Masterclass "Resilience to            August 21, 2025      (Center for Risk
                                                               Sustainability: Leading Through                            Management Studies)
                                                               GRC in The Post-Digital Era"




202                                                                                Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 203
06                                07                                        08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Komite Manajemen Risiko
Table of the Risk Management Committee Competency Development


                                                                     Materi Pengembangan                    Waktu
      Nama              Jabatan            Kedudukan                 Kompetensi/Pelatihan                Pelaksanaan          Penyelenggara
      Name              Position              Role                   Subject of Competency              Implementation          Organizer
                                                                      Development/Training                   Date
 Devi Lusyana        Risk & Quality,     Wakil Sekretaris     Coaching with Expert: Business           26 Agustus 2025     PT Jasa Marga
                     Health, Safety      Komite               Acumen dan Strategic Innovation          August 26, 2025     (Persero) Tbk
                     & Environment       Merangkap            Batch 2
                     Group Head          Anggota              Coaching with Expert: Business
                                         Deputy               Acumen and Strategic Innovation
                                         Secretary of the     Batch 2
                                         Committee and
                                                              Seminar aplikasi regulatory              29 September 2025 PT BSI
                                         Member
                                                              compliance system                        September 29, 2025
                                                              Seminar on the regulatory
                                                              compliance system application

                                                              Pelatihan Certificate In Climate         01 November 2025    Ikatan Akuntan
                                                              Finance                                  November 1, 2025    Indonesia (IAI)
                                                              Certificate in Climate Finance                               Indonesian
                                                              (CertCF) training                                            Accountants
                                                                                                                           Association (IAI)

                                                              Workshop Jasa Marga                      10 November 2025    • Tommy Tjokro -
                                                              Sustainability & Communication           November 10, 2025     Founder SEPIKUL
                                                              Summit 2025                                                    Indonesia
                                                                                                                           • Maria Dian Nurani,
                                                                                                                             ST, MSi, SEP, ACPH -
                                                                                                                             CSR & Sustainability
                                                                                                                             Management Expert

                                                              Training User Aplikasi Regulatory        11 Desember 2025    Hukum Online
                                                              Compliance System (RCS)                  December 11, 2025


                                                              Sosialisasi CSA ICOFR Jasa Marga 11 Desember 2025            PT Jasa Marga
                                                              Induk dan Anak Perusahaan           December 11, 2025        (Persero) Tbk
                                                              CSA ICOFR Awareness Campaign
                                                              for Jasa Marga and its Subsidiaries

                                                              Legal Summit: Peringatan             15 Desember 2025        • Yudi Purnomo
                                                              Hakordia dan Seminar Dampak          December 15, 2025         Harahap - Penyidik
                                                              UU KUHAP “Penegakan Tindak                                     KPK | KPK
                                                              Pidana Korupsi Ditinjau dari Prinsip                           investigator
                                                              Bussiness Judgement Rule dan                                 • M. Agus Salim -
                                                              Pedoman Strategis Bagi Korporasi                               Hakim Ad-Hoc Tindak
                                                              dalam Menghadapi Implementasi                                  Pidana Korupsi |
                                                              UU KUHAP                                                       Ad Hoc Judge for
                                                              Procedure Code Legal Summit:                                   Corruption Crimes
                                                              Hakordia Warning and Seminar                                 • Bobby R. Manalu
                                                              on the Impact of the Criminal                                  - Siregar Setiawan
                                                              Procedure Code “Enforcement of                                 Manalu Partnership”
                                                              Corruption Crimes Reviewed from
                                                              the Business Judgement Rule
                                                              Principle and Strategic Guidelines
                                                              for Corporations in Facing the
                                                              Implementation of the Criminal
                                                              Procedure Code

 Yoga Tri            Direktur Human      Anggota Komite
 Anggoro             Capital dan         Committee
                     Transformasi        Member
                     Director of
                     Human Capital &
                     Transformation                           Dapat dilihat pada pembahasan Pengembangan Kompetensi Direksi
                                                              Available in the Board of Directors Competency Development section
 Fitri Wiyanti       Direktur Operasi    Anggota Komite
                     dan Layanan         Committee
                     Director of         Member
                     Operations and
                     Services




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                               203
Page 204
01                                02                       03                     04                                       05
Ikhtisar Kinerja Utama            Laporan Manajemen        Profil Perusahaan       Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report        Company Profile         Management Discussion and Analysis       Business Support Functions




Tabel Pengembangan Kompetensi Komite Manajemen Risiko
Table of the Risk Management Committee Competency Development


                                                                Materi Pengembangan                     Waktu
       Nama                  Jabatan        Kedudukan           Kompetensi/Pelatihan                 Pelaksanaan           Penyelenggara
       Name                  Position          Role             Subject of Competency               Implementation           Organizer
                                                                 Development/Training                    Date
 Reza Febriano         Direktur Bisnis    Anggota Komite
                       Director of        Committee
                       Business           Member

 Ari Respati           Direktur           Anggota Komite     Dapat dilihat pada pembahasan Pengembangan Kompetensi Direksi
                       Pengembangan       Committee          Available in the Board of Directors Competency Development section
                       Usaha              Member
                       Director of
                       Business
                       Development

 Agung Laksana         Internal Audit     Anggota Komite     Jasa Marga Executive Summit           06 Februari 2025     • Koeshartanto
 Pranata               Senior Group       Committee          2025                                  February 6, 2025       Koeswiranto -
                       Head               Member                                                                          KTalents Asia
                                                                                                                        • Panji Wasmana -
                                                                                                                          Microsoft Indonesia
                                                                                                                        • Dr. Ir. Waluyo MM
                                                                                                                          - Anggota Komite
                                                                                                                          Akreditasi Nasional
                                                                                                                          | Member of the
                                                                                                                          National Accreditation
                                                                                                                          Committee

                                                             Pelatihan Pengisian dan Pelaporan     19 Februari 2025     PT Ortax
                                                             SPT Orang Pribadi Karyawan            February 19, 2025
                                                             PT Jasa Marga (Persero) Tbk
                                                             Training on Filling Out and
                                                             Reporting Personal Income Tax
                                                             Returns for Employees of PT Jasa
                                                             Marga (Persero) Tbk

                                                             Pelatihan Internal Control Over       18 Februari 2025     PERURI
                                                             Financial Reporting (ICOFR)           February 18, 2025
                                                             Internal Control Over Financial
                                                             Reporting (ICOFR) Training

                                                             [Directorship] Pengenalan             10 Maret 2025        PT Prima Wahana
                                                             Strategis Merger & Acquisition        March 10, 2025       Caraka (PWC)
                                                             [Directorship] Strategic
                                                             Introduction to Mergers &
                                                             Acquisitions

                                                             Kick Off dan Workshop "Desain         14 April 2025        Ernst & Young
                                                             dan Implementasi Internal Control     April 14, 2025
                                                             Over Financial Reporting (ICOFR)
                                                             PT Jasa Marga (Persero) Tbk"
                                                             Kick-off and Workshop on
                                                             “Design and Implementation of
                                                             Internal Control over Financial
                                                             Reporting (ICOFR) at PT Jasa
                                                             Marga (Persero) Tbk”

                                                             “Kartiniʼs Legacy: Langkah            28 April 2025        Retno Marsudi -
                                                             Perempuan Sebagai Change              April 28, 2025       Menteri Luar Negeri RI
                                                             Agents di Era Modern”                                      (2014-2024) | Minister
                                                             “Kartini’s Legacy: Women as                                of Foreign Affairs of the
                                                             Change Agents in the Modern                                Republic of Indonesia
                                                             Era”                                                       (2014-2024)

                                                             Workshop Implementasi Internal        07 Mei 2025          The Institute of Internal
                                                             Control Over Financial Reporting      May 7, 2025          Auditors Indonesia (IIA)
                                                             (ICOFR)
                                                             Workshop on the Implementation
                                                             of Internal Control Over Financial
                                                             Reporting (ICOFR)

                                                             BSE Masterclass "Global Trade         28 Mei 2025          BUMN School of
                                                             Tensions: Turning Crisis into         May 28, 2025         Excellence (BSE)
                                                             Opportunity"
                                                             BSE Masterclass “Global Trade
                                                             Tensions: Turning Crisis into
                                                             Opportunity”




204                                                                              Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 205
06                                07                                        08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Komite Manajemen Risiko
Table of the Risk Management Committee Competency Development


                                                                     Materi Pengembangan                    Waktu
      Nama              Jabatan            Kedudukan                 Kompetensi/Pelatihan                Pelaksanaan          Penyelenggara
      Name              Position              Role                   Subject of Competency              Implementation          Organizer
                                                                      Development/Training                   Date
 Agung Laksana       Internal Audit      Internal Audit       Konferensi Auditor Internal              02 Juli 2025        Yayasan Pendidikan
 Pranata             Senior Group        Senior Group         "Shifting Horizon for Internal           July 2, 2025        Internal Audit (YPIA)
                     Head                Head                 Auditors: Navigating Emerging                                Internal Audit Education
                                                              Risk, Governance and                                         Foundation (YPIA)
                                                              Opportunities in 2025"
                                                              Internal Auditor Conference
                                                              “Shifting Horizon for Internal
                                                              Auditors: Navigating Emerging
                                                              Risks, Governance, and
                                                              Opportunities in 2025”

                                                              Seminar Nasional – Bincang SPI           03 September 2025   Forum Komunikasi
                                                              2025 “Menjaga Profesionalisme            September 3, 2025   Satuan Pengawasan
                                                              Direksi dalam Bingkai Governance,                            Intern Wilayah Jawa
                                                              Risk & Compliance (GRC) dan                                  Barat & Banten
                                                              Business Judgment Rule terhadap                              Communication Forum
                                                              UU No. 1 Tahun 2025”                                         for Internal Audit Units
                                                              National Seminar – SPI 2025                                  in West Java & Banten
                                                              Discussion “Maintaining Board                                Regions
                                                              Professionalism within the
                                                              Framework of Governance, Risk &
                                                              Compliance (GRC) and Business
                                                              Judgment Rule in accordance
                                                              with Law No. 1 of 2025”

                                                              Program ACIIA Conference                 08 September 2025   Lembaga Profesi
                                                              2025 dan Onsite Learning Kuala           September 8, 2025   Auditor Internal
                                                              Lumpur                                                       Indonesia (LPAII)
                                                              ACIIA Conference 2025 Program                                Indonesian Internal
                                                              and Kuala Lumpur Onsite                                      Auditor Professional
                                                              Learning                                                     Association (LPAII)

                                                              Sharing Session Proses                   22 September 2025 PT Jasa Marga
                                                              Pelaksanaan Konstruksi Jalan Tol         September 22, 2025 (Persero) Tbk
                                                              Sharing Session on the
                                                              Implementation Process of
                                                              Motorway Construction

                                                              Go Live Aplikasi Regulatory              29 September 2025 PT BSI
                                                              Compliance System (RCS)                  September 29, 2025
                                                              dan Sharing Session Sistem
                                                              Manajemen Kepatuhan Berbasis
                                                              ISO 37301:2021 (Compliance
                                                              Management System)
                                                              Go Live of the Regulatory
                                                              Compliance System (RCS) App
                                                              and Sharing Session on the ISO
                                                              37301:2021-Based Compliance
                                                              Management System

                                                              Sharing Session Innovation 2025          10 Oktober 2025     PT Jasa Marga
                                                                                                       October 10, 2025    (Persero) Tbk


                                                              [Program Cornell] Kick Off               15 Oktober 2025     Cornell University
                                                              Program Cornell Cohort 2 dan 3           October 15, 2025
                                                              [Program Cornell] Kick Off
                                                              Program Cornell Cohort 2 and 3

                                                              Workshop Sistem Pengendalian             21 Oktober 2025     PT Jasa Marga
                                                              Internal (SPIN)                          October 21, 2025    (Persero) Tbk
                                                              Internal Control System (SPIN)
                                                              Workshop

                                                              Workshop Pelaksanaan Control             31 Oktober 2025     PT Jasa Marga
                                                              Self Assessment (CSA) Segmen             October 31, 2025    (Persero) Tbk
                                                              ITGC
                                                              Workshop on the Implementation
                                                              of Control Self-Assessment
                                                              (CSA) in the ITGC Segment




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                            205
Page 206
01                                02                       03                     04                                       05
Ikhtisar Kinerja Utama            Laporan Manajemen        Profil Perusahaan       Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report        Company Profile         Management Discussion and Analysis       Business Support Functions




Tabel Pengembangan Kompetensi Komite Manajemen Risiko
Table of the Risk Management Committee Competency Development


                                                                Materi Pengembangan                     Waktu
       Nama                  Jabatan        Kedudukan           Kompetensi/Pelatihan                 Pelaksanaan           Penyelenggara
       Name                  Position          Role             Subject of Competency               Implementation           Organizer
                                                                 Development/Training                    Date
 Agung Laksana         Internal Audit     Anggota Komite     Workshop Jasa Marga                   10 November 2025     • Tommy Tjokro -
 Pranata               Senior Group       Committee          Sustainability & Communication        November 10, 2025      Founder SEPIKUL
                       Head               Member             Summit 2025                                                  Indonesia
                                                                                                                        • Maria Dian Nurani,
                                                                                                                          ST, MSi, SEP, ACPH -
                                                                                                                          CSR & Sustainability
                                                                                                                          Management Expert

                                                             Seminar Nasional Internal Audit       3 Desember 2025      Yayasan Pendidikan
                                                             (SNIA) 2025 “What’s Driving           December 3, 2025     Internal Audit (YPIA)
                                                             Change to Stay Ahead of The                                Internal Audit
                                                             Curve for Internal Auditors in The                         Education Foundation
                                                             Coming Years?”                                             (YPIA)
                                                             National Internal Audit Seminar
                                                             (SNIA) 2025 “What Drives
                                                             Change to Stay Ahead of the
                                                             Curve for Internal Auditors in the
                                                             Coming Years?”

                                                             Pelatihan Internal Control over       8 Desember 2025      PT Prima Wahana
                                                             Financial Reporting (ICoFR) -         December 8, 2025     Caraka (PWC)
                                                             Test of Design Effectiveness
                                                             (TOD) dan Test of Operationg
                                                             Effectiveness (TOE)
                                                             Internal Control over Financial
                                                             Reporting (ICoFR) Training -
                                                             Design Effectiveness Testing
                                                             (TOD) and Operational
                                                             Effectiveness Testing (TOE)

                                                             Training User Aplikasi Regulatory     12 Desember 2025     Hukum Online
                                                             Compliance System (RCS)               December 12, 2025
                                                             Training for Regulatory
                                                             Compliance System (RCS)
                                                             Application Users

                                                             Legal Summit: Peringatan             15 Desember 2025      • Yudi Purnomo
                                                             Hakordia dan Seminar Dampak          December 15, 2025       Harahap - Penyidik
                                                             UU KUHAP “Penegakan Tindak                                   KPK | KPK
                                                             Pidana Korupsi Ditinjau dari Prinsip                         investigator
                                                             Bussiness Judgement Rule dan                               • M. Agus Salim -
                                                             Pedoman Strategis Bagi Korporasi                             Hakim Ad-Hoc Tindak
                                                             dalam Menghadapi Implementasi                                Pidana Korupsi |
                                                             UU KUHAP                                                     Ad Hoc Judge for
                                                             Procedure Code Legal Summit:                                 Corruption Crimes
                                                             Hakordia Warning and Seminar                               • Bobby R. Manalu
                                                             on the Impact of the Criminal                                - Siregar Setiawan
                                                             Procedure Code “Enforcement of                               Manalu Partnership”
                                                             Corruption Crimes Reviewed from
                                                             the Business Judgement Rule
                                                             Principle and Strategic Guidelines
                                                             for Corporations in Facing the
                                                             Implementation of the Criminal
                                                             Procedure Code

                                                             Workshop ICOFR: Metodologi            18 Desember 2025     Ernst & Young
                                                             dan Praktik Test of Design            December 18, 2025
                                                             Effectiveness (TOD) dan Test of
                                                             Operating Effectiveness (TOE)
                                                             Internal Control over Financial
                                                             Reporting (ICoFR) Training -
                                                             Test of Design Effectiveness
                                                             (TOD) and Test of Operational
                                                             Effectiveness (TOE)




206                                                                              Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 207
06                                 07                                        08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Komite Manajemen Risiko
Table of the Risk Management Committee Competency Development


                                                                      Materi Pengembangan                    Waktu
      Nama              Jabatan             Kedudukan                 Kompetensi/Pelatihan                Pelaksanaan          Penyelenggara
      Name              Position               Role                   Subject of Competency              Implementation          Organizer
                                                                       Development/Training                   Date
 Ayudya Rizka        Information          Anggota Komite       [Directorship] Pengenalan                10 Maret 2025       PT Prima Wahana
 Fauzia              Technology           Committee            Strategis Merger & Acquisition           March 10, 2025      Caraka (PWC)
                     Group Head           Member               [Directorship] Strategic
                                                               Introduction to Mergers &
                                                               Acquisitions

                                                               Kartini’s Legacy: Langkah                28 April 2025       Retno Marsudi - Menteri
                                                               Perempuan Sebagai Change                 April 28, 2025      Luar Negeri RI (2014-
                                                               Agents di Era Modern                                         2024)
                                                               “Kartini’s Legacy: Women as                                  Minister of Foreign
                                                               Change Agents in the Modern Era                              Affairs of the Republic of
                                                                                                                            Indonesia (2014-2024)

                                                               TOGAF® 10 Enterprise                     19 Mei 2025         Multimatics
                                                               Architecture Part 1 & 2                  May 19, 2025

                                                               Sharing Session terkait Digital          27 Mei 2025         SUWON ITS ASIA
                                                               TwinTechnology dan Traffic               May 27, 2025        PASIFIC FORUM
                                                               Information Center di Seoul,
                                                               Korea Selatan
                                                               Sharing Session on Digital
                                                               Twin Technology and Traffic
                                                               Information Centre in Seoul,
                                                               South Korea

                                                               20th Asia-Pacific Forum 2025 (ITS        28 Mei 2025         SUWON ITS ASIA
                                                               APF 2025)                                May 28, 2025        PASIFIC FORUM

                                                               Training Sistem Manajemen                29 September        PT BSI
                                                               Kepatuhan Berbasis ISO                   2025
                                                               37301:2021 (Compliance                   September 29,
                                                               Management System) dan                   2025
                                                               Go Live Aplikasi Regulatory
                                                               Compliance System (RCS)
                                                               Training on the ISO
                                                               37301:2021-Based Compliance
                                                               Management System and Go Live
                                                               of the Regulatory Compliance
                                                               System (RCS) App

                                                               Seminar aplikasi regulatory              29 September        PT BSI
                                                               compliance system                        2025
                                                               Seminar on the regulatory                September 29,
                                                               compliance system application            2025

                                                               Leveraging Digital Innovation to         30 September        Didiek Hartantyo
                                                               Amplify Customer Experience              2025                - Direktur Utama |
                                                                                                        September 30,       President Director
                                                                                                        2025                of PT Kereta Api
                                                                                                                            Indonesia (Persero)

                                                               Workshop Pelaksanaan Control             31 Oktober 2025     PT Jasa Marga
                                                               Self Assessment (CSA) Segmen             October 31, 2025    (Persero) Tbk
                                                               ITGC
                                                               Workshop on the Implementation
                                                               of Control Self-Assessment
                                                               (CSA) in the ITGC Segment

                                                               Workshop Jasa Marga                      10 November 2025    • Tommy Tjokro -
                                                               Sustainability & Communication           November 10, 2025     Founder SEPIKUL
                                                               Summit 2025                                                    Indonesia
                                                                                                                            • Maria Dian Nurani,
                                                                                                                              ST, MSi, SEP, ACPH -
                                                                                                                              CSR & Sustainability
                                                                                                                              Management Expert

                                                               Training User Aplikasi Regulatory        12 Desember 2025    Hukum Online
                                                               Compliance System (RCS)                  December 12, 2025
                                                               Training Users of the Regulatory
                                                               Compliance      System      (RCS)
                                                               Application




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                              207
Page 208
01                                02                       03                    04                                       05
Ikhtisar Kinerja Utama            Laporan Manajemen        Profil Perusahaan      Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report        Company Profile        Management Discussion and Analysis       Business Support Functions




Tabel Pengembangan Kompetensi Komite Manajemen Risiko
Table of the Risk Management Committee Competency Development


                                                                Materi Pengembangan                    Waktu
       Nama                  Jabatan        Kedudukan           Kompetensi/Pelatihan                Pelaksanaan           Penyelenggara
       Name                  Position          Role             Subject of Competency              Implementation           Organizer
                                                                 Development/Training                   Date
 Ayudya Rizka          Information        Anggota Komite     Legal Summit: Peringatan             15 Desember 2025     • Yudi Purnomo
 Fauzia                Technology         Committee          Hakordia dan Seminar Dampak          December 15, 2025      Harahap - Penyidik
                       Group Head         Member             UU KUHAP "Penegakan Tindak                                  KPK | KPK
                                                             Pidana Korupsi Ditinjau dari                                investigator
                                                             Prinsip Bussiness Judgement                               • M. Agus Salim -
                                                             Rule dan Pedoman Strategis Bagi                             Hakim Ad-Hoc Tindak
                                                             Korporasi dalam Menghadapi                                  Pidana Korupsi |
                                                             Implementasi UU KUHAP                                       Ad Hoc Judge for
                                                             Procedure Code Legal Summit:                                Corruption Crimes
                                                             Hakordia Warning and Seminar                              • Bobby R. Manalu
                                                             on the Impact of the Criminal                               - Siregar Setiawan
                                                             Procedure Code “Enforcement                                 Manalu Partnership"
                                                             of Corruption Crimes Reviewed
                                                             from the Business Judgement
                                                             Rule Principle and Strategic
                                                             Guidelines for Corporations in
                                                             Facing the Implementation of the
                                                             Criminal Procedure Code

 Ari Wibowo            Corporate          Anggota Komite
                       Secretary          Committee
                                                             Dapat dilihat pada pembahasan Pengembangan Kompetensi Sekretaris Perusahaan
                       & Chief            Member
                                                             Available in the Corporate Secretary Competency Development section
                       Administration
                       Officer



Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
Information Technology Steering Committee Competency Development

Tabel Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
Table of the Information Technology Steering Committee Competency Development


                                                                 Materi Pengembangan                   Waktu
       Nama                  Jabatan        Kedudukan            Kompetensi/Pelatihan               Pelaksanaan            Penyelenggara
       Name                  Position          Role              Subject of Competency             Implementation            Organizer
                                                                  Development/Training                  Date
 Rivan A.              Direktur Utama     Ketua Komite
 Purwantono            President          Committee
                       Director           Chairman

 Fitri Wiyanti         Direktur Operasi   Anggota
                       Director of        Member
                       Operations

 Reza Febriano         Direktur Bisnis    Anggota
                       Director of        Member             Dapat dilihat pada pembahasan Pengembangan Kompetensi Direksi
                       Business                              Available in the Directors Competency Development section

 Yoga Tri              Direktur Human     Anggota
 Anggoro               Capital dan        Member
                       Transformasi
                       Director
                       of Human
                       Capital and
                       Transformation

 Ari Respati           Direktur           Anggota
                       Pengembangan       Member
                       Usaha
                       Director of
                       Business
                       Development
                                                             Dapat dilihat pada pembahasan Pengembangan Kompetensi Direksi
 Pramitha              Direktur           Anggota            Available in the Directors Competency Development section
 Wulanjani             Keuangan dan       Member
                       Manajemen
                       Risiko
                       Director of
                       Finance and Risk
                       Management


208                                                                             Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 209
06                                 07                                       08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
Table of the Information Technology Steering Committee Competency Development


                                                                      Materi Pengembangan                    Waktu
      Nama              Jabatan             Kedudukan                 Kompetensi/Pelatihan                Pelaksanaan         Penyelenggara
      Name              Position               Role                   Subject of Competency              Implementation         Organizer
                                                                       Development/Training                   Date
 Ayudya Rizka        Information          Koordinator
 Fauzia              Technology           Teknis
                     Group Head           Technical
                                          Coordinator          Dapat dilihat pada pembahasan Pengembangan Kompetensi Komite Manajemen Risiko
 Devi Lusyana        Risk & Quality,      Anggota Komite       Available in the Risk Management Committee Competency Development section
                     Health, Safety       Committee
                     & Environment        Member
                     Group Head

 Lisye Octaviana     Corporate            Anggota Komite       Dapat dilihat pada pembahasan Pengembangan Kompetensi Komite Tata Kelola
                     Communication        Committee            Terintegrasi
                     & Community          Member               Available in the Integrated Governance Committee Competency Development
                     Development                               section
                     Group Head

 Syailendra          Procurement          Anggota Komite       JM Talk Operational Services:           14 Februari 2025    PT Jasa Marga
 Wisnu Wardhana      & Fixed Asset        Committee            Tollroad Preservation                   February 14, 2025   (Persero) Tbk
                     Group Head           Member               Improvement through the
                                                               Implementation of Slope
                                                               Management System

                                                               Kartiniʼs Legacy: Langkah               28 April 2025       Retno Marsudi -
                                                               Perempuan Sebagai Change                April 28, 2025      Menteri Luar Negeri RI
                                                               Agents di Era Modern                                        (2014-2024)
                                                               “Kartini’s Legacy: Women as                                 Minister of Foreign
                                                               Change Agents in the Modern                                 Affairs of the Republic of
                                                               Era”                                                        Indonesia (2014-2024)

                                                               Pelatihan & Ujian Sertifikasi CAFM      21 Mei 2025         Asia Anti fraud
                                                               (Certified Anti Fraud Manager)          May 21, 2025        Management (AAFM)
                                                               Batch 73
                                                               CAFM (Certified Anti Fraud
                                                               Manager) Training & Certification
                                                               Examination Batch 73

                                                               BSE Masterclass "Global Trade           28 Mei 2025         BUMN School of
                                                               Tensions: Turning Crisis into           May 28, 2025        Excellence (BSE)
                                                               Opportunity"

                                                               Dialog Ketenagakerjaan dan              03 Juni 2025        PT Jasa Marga
                                                               Pencegahan Perselisihan                 June 3, 2025        (Persero) Tbk
                                                               Hubungan Industrial di
                                                               Lingkungan Jasa Marga Group
                                                               Labour Dialogue and Prevention
                                                               of Industrial Relations Disputes
                                                               within the Jasa Marga Group

                                                               Pelatihan Toll Road Business         20 Agustus 2025        Himpunan
                                                               Management - Insight Talk dengan August 20, 2025            Pengembangan Jalan
                                                               topik "Menguatkan Pilar Ekonomi                             Indonesia (HPJI)
                                                               Lewat Infrastruktur: Membangun                              Indonesian Road
                                                               Bisnis Jalan Tol Tangguh di                                 Developers Association
                                                               Masa Volatilitas Perekonomian”                              (HPJI)
                                                               Kolaborasi Jasa Marga dan HPJI
                                                               Toll Road Business Management
                                                               Training - Insight Talk on the topic
                                                               “Strengthening Economic Pillars
                                                               Through Infrastructure: Building
                                                               a Resilient Toll Road Business
                                                               in Times of Economic Volatility”
                                                               Collaboration between Jasa Marga
                                                               and HPJI

                                                               Pelatihan Admin Regulatory              04 September 2025   Hukum Online
                                                               Compliance System (RCS)                 September 4, 2025
                                                               Training Users of the Regulatory
                                                               Compliance System (RCS)
                                                               Application




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                            209
Page 210
01                                02                       03                    04                                       05
Ikhtisar Kinerja Utama            Laporan Manajemen        Profil Perusahaan      Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report        Company Profile        Management Discussion and Analysis       Business Support Functions




Tabel Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
Table of the Information Technology Steering Committee Competency Development


                                                                 Materi Pengembangan                   Waktu
       Nama                  Jabatan        Kedudukan            Kompetensi/Pelatihan               Pelaksanaan            Penyelenggara
       Name                  Position          Role              Subject of Competency             Implementation            Organizer
                                                                  Development/Training                  Date
 Syailendra            Procurement        Anggota Komite     Sharing Session Proses               22 September 2025 PT Jasa Marga
 Wisnu Wardhana        & Fixed Asset      Committee          Pelaksanaan Konstruksi Jalan Tol     September 22, 2025 (Persero) Tbk
                       Group Head         Member             Sharing Session on the
                                                             Implementation Toll Road
                                                             Construction

                                                             Seminar Aplikasi Regulatory          29 September 2025 PT BSI
                                                             Compliance System                    September 29, 2025
                                                             Seminar on the regulatory
                                                             compliance system application

                                                             Workshop Jasa Marga                  10 November 2025      • Tommy Tjokro -
                                                             Sustainability & Communication       November 10, 2025       Founder SEPIKUL
                                                             Summit 2025                                                  Indonesia
                                                                                                                        • Maria Dian Nurani,
                                                                                                                          ST, MSi, SEP, ACPH -
                                                                                                                          CSR & Sustainability
                                                                                                                          Management Expert

                                                             Training User Aplikasi Regulatory    11 Desember 2025      Hukum Online
                                                             Compliance System (RCS)              December 11, 2025
                                                             Training Users of the Regulatory
                                                             Compliance System (RCS)
                                                             Application

                                                             Legal Summit: Peringatan Hakordia 15 Desember 2025         • Yudi Purnomo
                                                             dan Seminar Dampak UU KUHAP        December 15, 2025         Harahap - Penyidik
                                                             "Penegakan Tindak Pidana Korupsi                             KPK | KPK
                                                             Ditinjau dari Prinsip Bussiness                              investigator
                                                             Judgement Rule dan Pedoman                                 • M. Agus Salim -
                                                             Strategis Bagi Korporasi dalam                               Hakim Ad-Hoc Tindak
                                                             Menghadapi Implementasi UU                                   Pidana Korupsi |
                                                             KUHAP                                                        Ad Hoc Judge for
                                                             Implementation of the Criminal                               Corruption Crimes
                                                             Procedure Code Legal Summit:                               • Bobby R. Manalu
                                                             Hakordia Warning and Seminar                                 - Siregar Setiawan
                                                             on the Impact of the Criminal                                Manalu Partnership
                                                             Procedure Code “Enforcement of
                                                             Corruption Crimes Reviewed from
                                                             the Business Judgement Rule
                                                             Principle and Strategic Guidelines
                                                             for Corporations in Facing the
                                                             Implementation of the Criminal
                                                             Procedure Code

 Gandes                Strategic          Anggota Komite     [Directorship] Pengenalan Strategis 10 Maret 2025          PT Prima Wahana
 Aisyaharum            Transformation     Committee          Merger & Acquisition                  March 10, 2025       Caraka (PWC)
                       Group Head         Member             [Directorship] Strategic Introduction
                                                             to Mergers & Acquisitions

                                                             Kick Off dan Workshop "Desain        14 April 2025         Ernst & Young
                                                             dan Implementasi Internal Control    April 14, 2025
                                                             Over Financial Reporting (ICOFR)
                                                             PT Jasa Marga (Persero) Tbk"
                                                             Kick-off and Workshop on “Design
                                                             and Implementation of Internal
                                                             Control over Financial Reporting
                                                             (ICOFR) at PT Jasa Marga
                                                             (Persero) Tbk”

                                                             “Kartiniʼs Legacy: Langkah           28 April 2025         Retno Marsudi -
                                                             Perempuan Sebagai Change             April 28, 2025        Menteri Luar Negeri RI
                                                             Agents di Era Modern”                                      (2014-2024) | Minister
                                                             “Kartini’s Legacy: Women as                                of Foreign Affairs of the
                                                             Change Agents in the Modern Era                            Republic of Indonesia
                                                                                                                        (2014-2024)

                                                             Sharing Session Sistem Manjemen      17 April 2025         CRMS Indonesia
                                                             Resiko - Resertifikasi QCRO          April 17, 2025        (Center for Risk
                                                             Risk Management System Sharing                             Management Studies)
                                                             Session – QCRO Recertification




210                                                                             Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 211
06                               07                                       08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
Table of the Information Technology Steering Committee Competency Development


                                                                    Materi Pengembangan                    Waktu
      Nama              Jabatan           Kedudukan                 Kompetensi/Pelatihan                Pelaksanaan          Penyelenggara
      Name              Position             Role                   Subject of Competency              Implementation          Organizer
                                                                     Development/Training                   Date
 Gandes              Strategic          Anggota Komite       Perpanjangan Sertifikasi QCRO           05 Mei 2025          CRMS Indonesia
 Aisyaharum          Transformation     Committee            Batch 2                                 May 5, 2025          (Center for Risk
                     Group Head         Member               QCRO Certification Renewal –                                 Management Studies)
                                                             Batch 2

                                                             Workshop Business Acumen dan            18 Juni 2025         PT Prasetiya Mulya ELI
                                                             Strategic Innovation Batch 2            June 18, 2025
                                                             Business Acumen and Strategic
                                                             Innovation Workshop Batch 2

                                                             Proposal Presentation Business          10 Juli 2025         PT Prasetiya Mulya ELI
                                                             Acumen dan Strategic Innovation         July 10, 2025
                                                             Batch 2
                                                             Business Acumen and Strategic
                                                             Innovation Proposal Presentation
                                                             Batch 2

                                                             Business Acumen dan Strategic           28 Juli 2025         PT Prasetiya Mulya ELI
                                                             Innovation Batch 2 Online              July 28, 2025
                                                             Coaching
                                                             Business Acumen and Strategic
                                                             Innovation Batch 2: Online
                                                             Coaching

                                                             Certified Information Privacy           22 Agustus 2025      International
                                                             Manager (CIPM)                          August 22, 2024      Association of Privacy
                                                                                                                          Professionals (IAPP)

                                                             Coaching with Expert: Business          25 Agustus 2025      PT Jasa Marga
                                                             Acumen dan Strategic Innovation         August 25, 2025      (Persero) Tbk
                                                             Batch 2
                                                             Coaching with Expert: Business
                                                             Acumen dan Strategic Innovation
                                                             Batch 2

                                                             Pelatihan Konvensi Hak Anak,            12 September 2025    Kementerian
                                                             Pengasuhan Berbasis Hak                 September 12, 2025   Pemberdayaan
                                                             Anak, Gender dan Manajemen                                   Perempuan dan
                                                             Keselamatan Anak                                             Perlindungan Anak RI
                                                             Training on the Convention on the                            Ministry of Women’s
                                                             Rights of the Child, Child-Rights-                           Empowerment and
                                                             Based Care, Gender, and Child                                Child Protection of the
                                                             Safety Management                                            Republic of Indonesia

                                                             Seminar aplikasi regulatory             29 September         PT BSI
                                                             compliance system                       2025
                                                             Seminar on the regulatory               September 29,
                                                             compliance system application           2025

                                                             Workshop Jasa Marga                     10 November 2025     • Tommy Tjokro -
                                                             Sustainability & Communication          November 10, 2025      Founder SEPIKUL
                                                             Summit 2025                                                    Indonesia
                                                                                                                          • Maria Dian Nurani,
                                                                                                                            ST, MSi, SEP, ACPH -
                                                                                                                            CSR & Sustainability
                                                                                                                            Management Expert

                                                             Program Cornell] Executive             27 November 2025     Cornell University
                                                             Development Program for PQ              November 27, 2025
                                                             People: HR Analytics Program.

                                                             Training User Aplikasi Regulatory       12 Desember 2025     Hukum Online
                                                             Compliance System (RCS)                 December 12, 2025
                                                             Training Users of the Regulatory
                                                             Compliance System (RCS)
                                                             Application




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                               211
Page 212
01                                02                       03                    04                                       05
Ikhtisar Kinerja Utama            Laporan Manajemen        Profil Perusahaan      Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report        Company Profile        Management Discussion and Analysis       Business Support Functions




Tabel Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
Table of the Information Technology Steering Committee Competency Development


                                                                 Materi Pengembangan                   Waktu
       Nama                  Jabatan        Kedudukan            Kompetensi/Pelatihan               Pelaksanaan            Penyelenggara
       Name                  Position          Role              Subject of Competency             Implementation            Organizer
                                                                  Development/Training                  Date
 Gandes                Strategic          Anggota Komite     Legal Summit: Peringatan             15 Desember 2025      • Yudi Purnomo
 Aisyaharum            Transformation     Committee          Hakordia dan Seminar Dampak          December 15, 2025       Harahap - Penyidik
                       Group Head         Member             UU KUHAP "Penegakan Tindak                                   KPK | KPK
                                                             Pidana Korupsi Ditinjau dari                                 investigator
                                                             Prinsip Bussiness Judgement                                • M. Agus Salim -
                                                             Rule dan Pedoman Strategis Bagi                              Hakim Ad-Hoc Tindak
                                                             Korporasi dalam Menghadapi                                   Pidana Korupsi |
                                                             Implementasi UU KUHAP                                        Ad Hoc Judge for
                                                             Procedure Code Legal Summit:                                 Corruption Crimes
                                                             Hakordia Warning and Seminar                               • Bobby R. Manalu
                                                             on the Impact of the Criminal                                - Siregar Setiawan
                                                             Procedure Code “Enforcement                                  Manalu Partnership"
                                                             of Corruption Crimes Reviewed
                                                             from the Business Judgement
                                                             Rule Principle and Strategic
                                                             Guidelines for Corporations in
                                                             Facing the Implementation of the
                                                             Criminal Procedure Code

 Atika Dara            Operation &        Anggota Komite     Jasa Marga Executive Summit          06 Februari 2025      • Koeshartanto
 Prahita               Maintenance        Committee          2025                                 February 6, 2025        Koeswiranto -
                       Management         Member                                                                          KTalents Asia
                       Group Head                                                                                       • Panji Wasmana -
                                                                                                                          Microsoft Indonesia
                                                                                                                        • Dr. Ir. Waluyo
                                                                                                                          MM - Anggota
                                                                                                                          Komite Akreditasi
                                                                                                                          Nasional | National
                                                                                                                          Accreditation
                                                                                                                          Committee Member

                                                             Seminar Bulan K3 Nasional Tahun 11 Februari 2025           dr. Andhika Raspati,
                                                             2025 PT Jasa Marga (Persero) Tbk February 11, 2025         SpKO
                                                             National OHS Month
                                                             Seminar of 2025 in PT Jasa
                                                             Marga (Persero) Tbk

                                                             Workshop Jasa Marga                  21 Februari 2025      • Neneg Herbawati
                                                             Communication Summit 2025            February 21, 2025       - Founder dan
                                                             Day 2                                                      CEO IGICO Public
                                                             Jasa Marga Communication                                     Affairs Advisory |
                                                             Summit 2025 Workshop (Day 2)                                 Founder and CEO of
                                                                                                                          IGICO Public Affairs
                                                                                                                          Advisory
                                                                                                                        • Fardila Astari
                                                                                                                          Rachmilliza -
                                                                                                                          Communication
                                                                                                                          Strategist di
                                                                                                                          Reputasia/Vice
                                                                                                                          Secretary General
                                                                                                                          Perhumas
                                                                                                                        • Iwet Ramadhan -
                                                                                                                          Broadcaster

                                                             [Directorship] Pengenalan            10 Maret 2025         PT Prima Wahana
                                                             Strategis Merger & Acquisition       March 10, 2025        Caraka (PWC)
                                                             [Directorship] Strategic
                                                             Introduction to Mergers &
                                                             Acquisitions

                                                             Kick Off dan Workshop "Desain        14 April 2025         Ernst & Young
                                                             dan Implementasi Internal Control    April 14, 2025
                                                             over Financial Reporting (ICOFR)
                                                             PT Jasa Marga (Persero) Tbk"
                                                             “Design and Implementation of
                                                             Internal Control over Financial
                                                             Reporting (ICOFR) PT Jasa Marga
                                                             (Persero) Tbk” Kick Off and
                                                             Workshop




212                                                                             Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 213
06                               07                                       08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
Table of the Information Technology Steering Committee Competency Development


                                                                    Materi Pengembangan                    Waktu
      Nama              Jabatan           Kedudukan                 Kompetensi/Pelatihan                Pelaksanaan        Penyelenggara
      Name              Position             Role                   Subject of Competency              Implementation        Organizer
                                                                     Development/Training                   Date
 Atika Dara          Operation &        Anggota Komite       Kartiniʼs Legacy: Langkah               28 April 2025      Retno Marsudi -
 Prahita             Maintenance        Committee            Perempuan Sebagai Change                April 28, 2025     Menteri Luar Negeri RI
                     Management         Member               Agents di Era Modern                                       (2014-2024) | Former
                     Group Head                              Kartini's Legacy: Women as                                 Minister of Foreign
                                                             Agents of Change in the Modern                             Affairs of the Republic
                                                             Era                                                        of Indonesia (2014-
                                                                                                                        2024)

                                                             Workshop Business Acumen dan            18 Juni 2025       PT Prasetiya Mulya ELI
                                                             Strategic Innovation Batch 2            June 18, 2025
                                                             Business Acumen and Strategic
                                                             Innovation Workshop Batch 2

                                                             Proposal Presentation Business          10 Juli 2025       PT Prasetiya Mulya ELI
                                                             Acumen dan Strategic Innovation         July 10, 2025
                                                             Batch 2
                                                             Business Acumen and Strategic
                                                             Innovation Proposal Presentation
                                                             Batch 2

                                                             Business Acumen dan Strategic           28 Juli 2025       PT Prasetiya Mulya ELI
                                                             Innovation Batch 2 Online              July 28, 2025
                                                             Coaching
                                                             Business Acumen and Strategic
                                                             Innovation Batch 2: Online
                                                             Coaching

                                                             Pre Class Top Gun Program 2025          08 Agustus 2025    PT Danantara Asset
                                                                                                     August 8, 2025     Management (Persero)

                                                             Pre Class Chief Business Director       13 Agustus 2025    PT Danantara Asset
                                                             Officer Program                         August 13, 2025    Management (Persero)

                                                             Pelatihan Toll Road Business            20 Agustus 2025    Himpunan
                                                             Management - Insight Talk               August 20, 2025    Pengembangan Jalan
                                                             dengan topik "Menguatkan Pilar                             Indonesia (HPJI)
                                                             Ekonomi Lewat Infrastruktur:                               Indonesian Road
                                                             Membangun Bisnis Jalan Tol                                 Developers Association
                                                             Tangguh di Masa Volatilitas                                (HPJI)
                                                             Perekonomian” Kolaborasi Jasa
                                                             Marga dan HPJI
                                                             Toll Road Business Management
                                                             Training - Insight Talk on the topic
                                                             "Strengthening Economic Pillars
                                                             Through Infrastructure: Building
                                                             a Resilient Toll Road Business
                                                             in Times of Economic Volatility"
                                                             Collaboration between Jasa
                                                             Marga and HPJI

                                                             Coaching with Expert: Business          25 Agustus 2025    PT Jasa Marga
                                                             Acumen dan Strategic Innovation         August 25, 2025    (Persero) Tbk
                                                             Batch 2
                                                             Coaching with Expert: Business
                                                             Acumen and Strategic Innovation
                                                             Batch 2




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                         213
Page 214
01                                02                       03                    04                                       05
Ikhtisar Kinerja Utama            Laporan Manajemen        Profil Perusahaan      Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report        Company Profile        Management Discussion and Analysis       Business Support Functions




Tabel Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
Table of the Information Technology Steering Committee Competency Development


                                                                 Materi Pengembangan                   Waktu
       Nama                  Jabatan        Kedudukan            Kompetensi/Pelatihan               Pelaksanaan            Penyelenggara
       Name                  Position          Role              Subject of Competency             Implementation            Organizer
                                                                  Development/Training                  Date
 Atika Dara            Operation &        Anggota Komite     Training Sistem Manajemen            29 September 2025 PT BSI
 Prahita               Maintenance        Committee          Kepatuhan Berbasis ISO               September 29, 2025
                       Management         Member             37301:2021 (Compliance
                       Group Head                            Management System) dan
                                                             Go Live Aplikasi Regulatory
                                                             Compliance System (RCS)

                                                             Seminar aplikasi regulatory          29 September 2025 Hukum Online
                                                             compliance system                    September 29, 2025
                                                             Regulatory compliance system
                                                             application seminar

                                                             [Program Cornell] Kick Off           15 Oktober 2025       Cornell University
                                                             Program Cornell Cohort 2 dan 3       October 15, 2025
                                                             [Cornell Program] Kick Off for
                                                             Cornell Cohorts 2 and 3

                                                             Workshop Jasa Marga                  10 November 2025      • Tommy Tjokro -
                                                             Sustainability & Communication       November 10, 2025       Founder SEPIKUL
                                                             Summit 2025                                                  Indonesia
                                                             Jasa Marga Sustainability &                                • Maria Dian Nurani,
                                                             Communication Summit 2025                                    ST, MSi, SEP, ACPH -
                                                             Workshop                                                     CSR & Sustainability
                                                                                                                          Management Expert

                                                             Training User Aplikasi Regulatory    12 Desember 2025      Hukum Online
                                                             Compliance System ( RCS )            December 12, 2025
                                                             Regulatory Compliance System
                                                             (RCS) Application User Training

 Trias Andriyanto      Corporate          Anggota Komite     Jasa Marga Executive Summit          06 Februari 2025      • Koeshartanto
                       Planning           Committee          2025                                 February 6, 2025        Koeswiranto -
                       & Portfolio        Member                                                                          KTalents Asia
                       Management                                                                                       • Panji Wasmana -
                       Group Head                                                                                         Microsoft Indonesia
                                                                                                                        • Dr. Ir. Waluyo
                                                                                                                          MM - Anggota
                                                                                                                          Komite Akreditasi
                                                                                                                          Nasional | National
                                                                                                                          Accreditation
                                                                                                                          Committee Member

                                                             BSE_Masterclass Eksklusif:           21 Februari 2025      BUMN School of
                                                             Creating Business Ecosystem          February 21, 2025     Excellence (BSE)
                                                             BSE_Exclusive Masterclass:
                                                             Creating a Business Ecosystem

                                                             [Directorship] Pengenalan            10 Maret 2025         PT Prima Wahana
                                                             Strategis Merger & Acquisition       March 10, 2025        Caraka (PWC)
                                                             [Directorship] Strategic
                                                             Introduction to Mergers &
                                                             Acquisitions

                                                             Kick Off dan Workshop "Desain        14 April 2025         Ernst & Young
                                                             dan Implementasi Internal Control    April 14, 2025
                                                             over Financial Reporting (ICOFR)
                                                             PT Jasa Marga (Persero) Tbk"
                                                             “Design and Implementation of
                                                             Internal Control over Financial
                                                             Reporting (ICOFR) PT Jasa Marga
                                                             (Persero) Tbk” Kick Off and
                                                             Workshop

                                                             Kartiniʼs Legacy: Langkah            28 April 2025         Retno Marsudi -
                                                             Perempuan Sebagai Change             April 28, 2025        Menteri Luar Negeri RI
                                                             Agents di Era Modern                                       (2014-2024) | Former
                                                             Kartini's Legacy: Women as                                 Minister of Foreign
                                                             Agents of Change in the Modern                             Affairs of the Republic
                                                             Era                                                        of Indonesia (2014-
                                                                                                                        2024)

                                                             Workshop Business Acumen dan         23 Mei 2025           PT Prasetiya Mulya ELI
                                                             Strategic Innovation                 May 23, 2025
                                                             Business Acumen and Strategic
                                                             Innovation Workshop



214                                                                             Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 215
06                               07                                       08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
Table of the Information Technology Steering Committee Competency Development


                                                                    Materi Pengembangan                    Waktu
      Nama              Jabatan           Kedudukan                 Kompetensi/Pelatihan                Pelaksanaan         Penyelenggara
      Name              Position             Role                   Subject of Competency              Implementation         Organizer
                                                                     Development/Training                   Date
 Trias Andriyanto    Corporate          Anggota Komite       Proposal Presentation - Pelatihan       17 Juni 2025        PT Jasa Marga
                     Planning           Committee            Business Acumen dan Strategic           June 17, 2025       (Persero) Tbk
                     & Portfolio        Member               Innovation
                     Management                              Proposal Presentation - Business
                     Group Head                              Acumen and Strategic Innovation
                                                             Training

                                                             Business Acumen dan Strategic           22 Juli 2025        PT Prasetiya Mulya ELI
                                                             Innovation Batch 1 Online              July 22, 2025
                                                             Coaching
                                                             Business Acumen and Strategic
                                                             Innovation Batch 1: Online
                                                             Coaching

                                                             Introduction to Financial               30 Juli 2025        PT DC Solutions
                                                             Modelling                               July 30, 2025

                                                             Workshop to Financial Modelling         06 Agustus 2025     PT DC Solutions
                                                                                                     August 6, 2025

                                                             Seminar Aplikasi Regulatory             29 September 2025 Hukum Online
                                                             Compliance System                       September 29, 2025
                                                             Regulatory Compliance System
                                                             Application Seminar

                                                             [Program Cornell] Kick Off              15 Oktober 2025     Cornell University
                                                             Program Cornell Cohort 2 dan 3          October 15, 2025
                                                             [Cornell Program] Kick Off for
                                                             Cornell Cohorts 2 and 3

                                                             Workshop Jasa Marga                     10 November 2025    • Tommy Tjokro -
                                                             Sustainability & Communication          November 10, 2025     Founder SEPIKUL
                                                             Summit 2025                                                   Indonesia
                                                             Jasa Marga Sustainability &                                 • Maria Dian Nurani,
                                                             Communication Summit 2025                                     ST, MSi, SEP, ACPH -
                                                             Workshop                                                      CSR & Sustainability
                                                                                                                           Management Expert

                                                             [Program Cornell] Executive             27 November 2025    Cornell University
                                                             Development Program for PQ              November 27, 2025
                                                             Commercial: Growth Marketing
                                                             Program
                                                             [Cornell Program] Executive
                                                             Development Program for PQ
                                                             Commercial: Growth Marketing
                                                             Program

                                                             Training User Aplikasi Regulatory       11 Desember 2025    Hukum Online
                                                             Compliance System (RCS)                 December 11, 2025
                                                             User Training for the Regulatory
                                                             Compliance System (RCS)
                                                             Application

                                                             Legal Summit: Peringatan Hakordia 15 Desember 2025          • Yudi Purnomo
                                                             dan Seminar Dampak UU KUHAP        December 15, 2025          Harahap - Penyidik
                                                             "Penegakan Tindak Pidana Korupsi                              KPK | KPK
                                                             Ditinjau dari Prinsip Bussiness                               Investigator
                                                             Judgement Rule dan Pedoman                                  • M. Agus Salim -
                                                             Strategis Bagi Korporasi dalam                                Hakim Ad-Hoc
                                                             Menghadapi Implementasi UU                                    Tindak Pidana
                                                             KUHAP                                                         Korupsi | Ad-Hoc
                                                             Legal Summit: Hakordia                                        Judge for Corruption
                                                             Commemoration and Seminar                                     Crimes
                                                             on the Impact of the Criminal                               • Bobby R. Manalu
                                                             Procedure Code "Enforcement                                   - Siregar Setiawan
                                                             of Corruption Crimes Reviewed                                 Manalu Partnership
                                                             from the Business Judgment Rule
                                                             Principle and Strategic Guidelines
                                                             for Corporations in Facing the
                                                             Implementation of the Criminal
                                                             Procedure Code




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                           215
Page 216
01                                02                       03                    04                                       05
Ikhtisar Kinerja Utama            Laporan Manajemen        Profil Perusahaan      Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report        Company Profile        Management Discussion and Analysis       Business Support Functions




Tabel Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
Table of the Information Technology Steering Committee Competency Development


                                                                 Materi Pengembangan                   Waktu
       Nama                  Jabatan        Kedudukan            Kompetensi/Pelatihan               Pelaksanaan            Penyelenggara
       Name                  Position          Role              Subject of Competency             Implementation            Organizer
                                                                  Development/Training                  Date
 Ricky Ricardo         Accounting &       Anggota Komite     Jasa Marga Executive Summit          06 Februari 2025      • Koeshartanto
 Sarael Benyamin       Tax Group Head     Committee          2025                                 February 6, 2025        Koeswiranto -
                                          Member                                                                          KTalents Asia
                                                                                                                        • Panji Wasmana -
                                                                                                                          Microsoft Indonesia
                                                                                                                        • Dr. Ir. Waluyo
                                                                                                                          MM - Anggota
                                                                                                                          Komite Akreditasi
                                                                                                                          Nasional | National
                                                                                                                          Accreditation
                                                                                                                          Committee Member

                                                             Pelatihan Pengisian dan Pelaporan    19 Februari 2025      PT Ortax
                                                             SPT Orang Pribadi Karyawan           February 19, 2025
                                                             PT Jasa Marga (Persero) Tbk
                                                             Training on Filling Out and
                                                             Reporting Personal Tax Returns
                                                             for Employees of PT Jasa Marga
                                                             (Persero) Tbk

                                                             BSE_Masterclass Eksklusif:           21 Februari 2025      BUMN School of
                                                             Creating Business Ecosystem          February 21, 2025     Excellence (BSE)
                                                             BSE_Exclusive Masterclass:
                                                             Creating a Business Ecosystem

                                                             [Directorship] Pengenalan            10 Maret 2025         PT Prima Wahana
                                                             Strategis Merger & Acquisition       March 10, 2025        Caraka (PWC)
                                                             [Directorship] Strategic
                                                             Introduction to Mergers &
                                                             Acquisitions

                                                             Webinar Employee Well Being          20 Maret 2025         Alsi Mega Marsha
                                                             Series_“Smart Working, Not           March 20, 2025        Tengker B.A, M. Sc., M.
                                                             Overworking: Cara Produktif                                Psi., (Caca Tengker)
                                                             Tanpa Harus Burn Out”                                      - Psikolog Klinis &
                                                             Employee Well-Being Series                                 Founder Amanasa
                                                             Webinar: “Smart Working,                                   Indonesia | Clinical
                                                             Not Overworking: How to Be                                 Psychologist & Founder
                                                             Productive Without Burning Out”                            of Amanasa Indonesia

                                                             Kick Off dan Workshop "Desain        14 April 2025         Ernst & Young
                                                             dan Implementasi Internal Control    April 14, 2025
                                                             over Financial Reporting (ICOFR)
                                                             PT Jasa Marga (Persero) Tbk"
                                                             “Design and Implementation of
                                                             Internal Control over Financial
                                                             Reporting (ICOFR) PT Jasa Marga
                                                             (Persero) Tbk” Kick Off and
                                                             Workshop

                                                             Kartiniʼs Legacy: Langkah            28 April 2025         Retno Marsudi -
                                                             Perempuan Sebagai Change             April 28, 2025        Menteri Luar Negeri RI
                                                             Agents di Era Modern                                       (2014-2024) | Former
                                                             Kartini's Legacy: Women as                                 Minister of Foreign
                                                             Agents of Change in the Modern                             Affairs of the Republic of
                                                             Era                                                        Indonesia (2014-2024)

                                                             Workshop Business Acumen dan         18 Juni 2025          PT Prasetiya Mulya ELI
                                                             Strategic Innovation Batch 2         June 18, 2025
                                                             Business Acumen and Strategic
                                                             Innovation Workshop Batch 2

                                                             Proposal Presentation Business       10 Juli 2025          PT Prasetiya Mulya ELI
                                                             Acumen dan Strategic Innovation      July 10, 2025
                                                             Batch 2
                                                             Business Acumen and Strategic
                                                             Innovation Proposal Presentation
                                                             Batch 2




216                                                                             Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 217
06                               07                                       08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
Table of the Information Technology Steering Committee Competency Development


                                                                    Materi Pengembangan                    Waktu
      Nama              Jabatan           Kedudukan                 Kompetensi/Pelatihan                Pelaksanaan        Penyelenggara
      Name              Position             Role                   Subject of Competency              Implementation        Organizer
                                                                     Development/Training                   Date
 Ricky Ricardo       Accounting &       Anggota Komite       Business Acumen dan Strategic           28 Juli 2025        PT Prasetiya Mulya ELI
 Sarael Benyamin     Tax Group Head     Committee            Innovation Batch 2 Online              July 28, 2025
                                        Member               Coaching
                                                             Business Acumen and Strategic
                                                             Innovation Batch 2: Online
                                                             Coaching

                                                             Coaching with Expert: Business          26 Agustus 2025     PT Jasa Marga
                                                             Acumen dan Strategic Innovation         August 26, 2025     (Persero) Tbk
                                                             Batch 2
                                                             Coaching with Experts: Business
                                                             Acumen and Strategic Innovation
                                                             Batch 2

                                                             Seminar Aplikasi Regulatory             29 September        Hukum Online
                                                             Compliance System                       2025
                                                             Regulatory Compliance System            September 29,
                                                             Application Seminar                     2025

                                                             Business Acumen dan Strategic           01 Oktober 2025     Jasa Marga Learning
                                                             Innovation Grand Final                  October 1, 2025     Institute
                                                             Presentation
                                                             Business Acumen and Strategic
                                                             Innovation Grand Final
                                                             Presentation

                                                             Workshop Jasa Marga                     10 November 2025    • Tommy Tjokro -
                                                             Sustainability & Communication          November 10, 2025     Founder SEPIKUL
                                                             Summit 2025                                                   Indonesia
                                                             Jasa Marga Sustainability &                                 • Maria Dian Nurani,
                                                             Communication Summit 2025                                     ST, MSi, SEP, ACPH -
                                                             Workshop                                                      CSR & Sustainability
                                                                                                                           Management Expert

                                                             Training User Aplikasi Regulatory       11 Desember 2025    Hukum Online
                                                             Compliance System (RCS)                 December 11, 2025
                                                             User Training for the Regulatory
                                                             Compliance System (RCS)
                                                             Application

                                                             Legal Summit: Peringatan                15 Desember 2025    • Yudi Purnomo
                                                             Hakordia dan Seminar Dampak             December 15, 2025     Harahap - Penyidik
                                                             UU KUHAP "Penegakan Tindak                                    KPK | KPK
                                                             Pidana Korupsi Ditinjau dari                                  Investigator
                                                             Prinsip Bussiness Judgement                                 • M. Agus Salim -
                                                             Rule dan Pedoman Strategis Bagi                               Hakim Ad-Hoc Tindak
                                                             Korporasi dalam Menghadapi                                    Pidana Korupsi |
                                                             Implementasi UU KUHAP                                         Ad-Hoc Judge for
                                                             Legal Summit: Hakordia                                        Corruption Crimes
                                                             Commemoration and Seminar                                   • Bobby R. Manalu
                                                             on the Impact of the Criminal                                 - Siregar Setiawan
                                                             Procedure Code "Enforcement                                   Manalu Partnership
                                                             of Corruption Crimes Reviewed
                                                             from the Business Judgment Rule
                                                             Principle and Strategic Guidelines
                                                             for Corporations in Facing the
                                                             Implementation of the Criminal
                                                             Procedure Code

                                                             Fostering Global Business               16 Desember 2025    SBM ITB
                                                             Awareness and Insight                   December 16, 2025

                                                             Infrastructure Outlook 2026            22 Desember 2025 SBM ITB
                                                             Trends, Risks, and Opportunities        December 22, 2025

 Aprilizayanti       Human Capital      Anggota Komite       Towards Sustainable Future: Bank        14 Januari 2025     PT Bank Mandiri
 Putri               Development        Committee            Mandiriʼs Commitment to Positive        January 14, 2025    (Persero) Tbk
                     Group Head         Member               Change




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                           217
Page 218
01                                02                       03                    04                                       05
Ikhtisar Kinerja Utama            Laporan Manajemen        Profil Perusahaan      Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report        Company Profile        Management Discussion and Analysis       Business Support Functions




Tabel Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
Table of the Information Technology Steering Committee Competency Development


                                                                 Materi Pengembangan                   Waktu
       Nama                  Jabatan        Kedudukan            Kompetensi/Pelatihan               Pelaksanaan            Penyelenggara
       Name                  Position          Role              Subject of Competency             Implementation            Organizer
                                                                  Development/Training                  Date
 Aprilizayanti         Human Capital      Anggota Komite     Pelatihan dan Sertifikasi Double     21 Januari 2025       HR Academy
 Putri                 Development        Committee          Degree Certified Human Capital       January 21, 2025
                       Group Head         Member             General Manager (CHGM)
                                                             Training and Certification for
                                                             Double Degree Certified Human
                                                             Capital General Manager (CHGM)

                                                             Sharing Session Human Capital        23 Januari 2025       Forum Human Capital
                                                             Technology & People Analytics -      January 23, 2025      Indonesia (FHCI)
                                                             FHCI Bidang 6                                              Indonesian Human
                                                             Sharing Session on Human Capital                           Capital Forum (FHCI)
                                                             Technology & People Analytics -
                                                             FHCI Division 6

                                                             Jasa Marga Executive Summit          06 Februari 2025      • Koeshartanto
                                                             2025                                 February 6, 2025        Koeswiranto -
                                                                                                                          KTalents Asia
                                                                                                                        • Panji Wasmana -
                                                                                                                          Microsoft Indonesia
                                                                                                                        • Dr. Ir. Waluyo
                                                                                                                          MM - Anggota
                                                                                                                          Komite Akreditasi
                                                                                                                          Nasional | National
                                                                                                                          Accreditation
                                                                                                                          Committee Member

                                                             Seminar Bulan K3 Nasional Tahun 11 Februari 2025           dr. Andhika Raspati,
                                                             2025 PT Jasa Marga (Persero) Tbk February 11, 2025         SpKO
                                                             National OHS Month Seminar
                                                             of 2025 in PT Jasa Marga
                                                             (Persero) Tbk

                                                             Webinar Kesehatan Mental             11 Februari 2025      dr. Felosofa Fitriya,
                                                             K3: “Mental Health Awareness         February 11, 2025     MMR. Pakar Kesehatan
                                                             dan Implementasi K3: Strategi                              Publik dan Ahli
                                                             Membangun Budaya Kerja yang                                Kesehatan dan
                                                             Aman dan Sehat”                                            Keselamatan Kerja (K3) |
                                                             Mental Health and OHS Webinar:                             Public Health Expert and
                                                             “Mental Health Awareness and                               Occupational Health and
                                                             OHS Implementation: Strategies                             Safety (OHS) Specialist
                                                             for Building a Safe and Healthy
                                                             Work Culture”

                                                             JM Talk Operational Services:        14 Februari 2025      PT Jasa Marga
                                                             Tollroad Preservation                February 14, 2025     (Persero) Tbk
                                                             Improvement through the
                                                             Implementation of Slope
                                                             Management System

                                                             Program EWB Srikandi: "Edukasi       14 Februari 2025      Srikandi JM
                                                             & Bantuan Program Stunting, Ibu      February 14, 2025
                                                             Hamil dan Posyandu"
                                                             EWB Srikandi Program: “Education
                                                             & Assistance for Stunting,
                                                             Pregnant Women, and Posyandu
                                                             Programs”

                                                             Pelatihan Pengisian dan Pelaporan    19 Februari 2025      PT Ortax
                                                             SPT Orang Pribadi Karyawan           February 19, 2025
                                                             PT Jasa Marga (Persero) Tbk
                                                             Training on Filling Out and
                                                             Reporting Personal Tax Returns
                                                             for Employees of PT Jasa Marga
                                                             (Persero) Tbk

                                                             BSE_Masterclass Eksklusif:           21 Februari 2025      BUMN School of
                                                             Creating Business Ecosystem          February 21, 2025     Excellence (BSE)
                                                             BSE_Exclusive Masterclass:
                                                             Creating a Business Ecosystem




218                                                                             Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 219
06                               07                                       08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
Table of the Information Technology Steering Committee Competency Development


                                                                    Materi Pengembangan                    Waktu
      Nama              Jabatan           Kedudukan                 Kompetensi/Pelatihan                Pelaksanaan        Penyelenggara
      Name              Position             Role                   Subject of Competency              Implementation        Organizer
                                                                     Development/Training                   Date
 Aprilizayanti       Human Capital      Anggota Komite       [Directorship] Pengenalan               10 Maret 2025      PT Prima Wahana
 Putri               Development        Committee            Strategis Merger & Acquisition          March 10, 2025     Caraka (PWC)
                     Group Head         Member               [Directorship] Strategic
                                                             Introduction to Mergers &
                                                             Acquisitions

                                                             Perempuan dalam Kepemimpinan:           11 Maret 2025      • FM Venusiana R -
                                                             Dari Inspirasi ke Aksi                  March 11, 2025       Direktur Enterprise
                                                             Women in Leadership: From                                    & Business
                                                             Inspiration to Action                                        Service PT Telkom
                                                                                                                          Indonesia | Director
                                                                                                                          of Enterprise &
                                                                                                                          Business Service at
                                                                                                                          PT Telkom Indonesia
                                                                                                                        • Dwi Yuliawati
                                                                                                                          Faiz - Head of
                                                                                                                          Programmes UN
                                                                                                                          Women Indonesia

                                                             Menggali potensi SBN: Investasi         14 Maret 2025      Jasa Marga Learning
                                                             aman, cuan nyaman                       March 14, 2025     Institute
                                                             Exploring the SBN potential: Safe
                                                             investment, comfortable returns

                                                             Sosialisasi UU BUMN No. 1 tahun         17 Maret 2025      UMBRA Strategic Legal
                                                             2025                                    March 17, 2025     Solutions
                                                             Socialization of SOE Law No. 1
                                                             of 2025

                                                             Webinar Employee Well Being             20 Maret 2025      Alsi Mega Marsha
                                                             Series_“Smart Working, Not              March 20, 2025     Tengker B.A, M. Sc., M.
                                                             Overworking: Cara Produktif                                Psi., (Caca Tengker)
                                                             Tanpa Harus Burn Out”                                      - Psikolog Klinis &
                                                             Employee Well-Being Series                                 Founder Amanasa
                                                             Webinar: “Smart Working,                                   Indonesia | Clinical
                                                             Not Overworking: How to Be                                 Psychologist & Founder
                                                             Productive Without Burning Out”                            of Amanasa Indonesia

                                                             Kick Off dan Workshop "Desain           14 April 2025      Ernst & Young
                                                             dan Implementasi Internal Control       April 14, 2025
                                                             over Financial Reporting (ICOFR)
                                                             PT Jasa Marga (Persero) Tbk"
                                                             “Design and Implementation of
                                                             Internal Control over Financial
                                                             Reporting (ICOFR) PT Jasa Marga
                                                             (Persero) Tbk” Kick Off and
                                                             Workshop

                                                             Kartiniʼs Legacy: Langkah               28 April 2025      Retno Marsudi -
                                                             Perempuan Sebagai Change                April 28, 2025     Menteri Luar Negeri RI
                                                             Agents di Era Modern                                       (2014-2024) | Former
                                                             Kartini's Legacy: Women as                                 Minister of Foreign
                                                             Agents of Change in the Modern                             Affairs of the Republic of
                                                             Era                                                        Indonesia (2014-2024)

                                                             Sharing Session Sistem                  17 April 2025      CRMS Indonesia
                                                             Manjemen Resiko - Resertifikasi         April 17, 2025     (Center for Risk
                                                             QCRO                                                       Management Studies)
                                                             Risk Management System Sharing
                                                             Session - QCRO Recertification

                                                             Live Fireside Chat: AI Upskilling       22 April 2025      LinkedIn Learning
                                                             with Industry Leaders                   April 22, 2025

                                                             Webinar Wellbeing "Strategi             24 April 2025      PT Bank Syariah
                                                             Investasi Emas Tanpa Cemas”             April 24, 2025     Indonesia
                                                             Wellbeing Webinar "Strategies for
                                                             Worry-Free Gold Investment".

                                                             HCM Talks_Sustainability & Public       24 April 2025      Jasa Marga Learning
                                                             Policy                                  April 24, 2025     Institute




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                          219
Page 220
01                                02                       03                     04                                       05
Ikhtisar Kinerja Utama            Laporan Manajemen        Profil Perusahaan       Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report        Company Profile         Management Discussion and Analysis       Business Support Functions




Tabel Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
Table of the Information Technology Steering Committee Competency Development


                                                                 Materi Pengembangan                    Waktu
       Nama                  Jabatan        Kedudukan            Kompetensi/Pelatihan                Pelaksanaan            Penyelenggara
       Name                  Position          Role              Subject of Competency              Implementation            Organizer
                                                                  Development/Training                   Date
 Aprilizayanti         Human Capital      Anggota Komite     Perpanjangan Sertifikasi QCRO         05 May 2025           CRMS Indonesia
 Putri                 Development        Committee          Batch 2                               May 5, 2025           (Center for Risk
                       Group Head         Member             QCRO Certification Extension                                Management Studies)
                                                             Batch 2

                                                             BSE Masterclass "Global Trade         28 Mei 2025           BUMN School of
                                                             Tensions: Turning Crisis into         May 28, 2025          Excellence (BSE)
                                                             Opportunity"

                                                             Webinar Employee Wellbeing            13 Juni 2025          Dessy Ilsanti, M.Psi. -
                                                             (Mental Health) Growing Beyond        June 13, 2025         Psikolog Klinis | Clinical
                                                             Insecurity: Menjadi Cerdas                                  Psychologist
                                                             Emosional di Tempat Kerja
                                                             Employee Wellbeing (Mental
                                                             Health) Webinar Growing Beyond
                                                             Insecurity: Becoming Emotionally
                                                             Intelligent in the Workplace

                                                             The Future of People Adaptive         17 Juni 2025          International
                                                             Organisations in the Digital Era      June 17, 2025         Federation of Training
                                                                                                                         & Development
                                                                                                                         Organisations (IFTDO)

                                                             JM Talk Operational Services          11 Juli 2025          PT Jasa Marga
                                                             Series10 _Enhancing Tollroad          July 11, 2025         (Persero) Tbk
                                                             Longevity through Effective
                                                             Drainage Management

                                                             Townhall Meeting JMTM: Manfaat        09 Juli 2025          PT Jasa Marga
                                                             Program BP Jamsostek dan              July 9, 2025          (Persero) Tbk
                                                             Sharing Session Implementasi
                                                             Tata Nilai AKHLAK
                                                             JMTM Town Hall Meeting:
                                                             Benefits of the BP Jamsostek
                                                             Program and Sharing Session on
                                                             the Implementation of AKHLAK
                                                             Values

                                                             FHCI Connect Expert: Balancing        09 Juli 2025          Forum Human Capital
                                                             Compliance, Business Agility, and     July 9, 2025          Indonesia (FHCI)
                                                             Workforce Welfare - Series 1                                Indonesian Human
                                                                                                                         Capital Forum (FHCI)

                                                             PAVE Womenʼs Leadership               29 Juli 2025          Srikandi BUMN
                                                             Training for Infrastructure BUMNs     July 29, 2025
                                                             - Srikandi

                                                             The 9th Asia Pacific HR Forum         27 Agustus 2025       Inti Pesan
                                                             “A Great HR Management                August 27, 2025
                                                             System to Realize Business
                                                             Sustainabilityˮ

                                                             Pelatihan Penyusunan Dokumen          28 Agustus 2025       Agus Doddy S.Kom,
                                                             Sistem Manajemen Kelangsungan         August 28, 2025       AMBCI, LA ISO BCMS
                                                             Usaha Berdasarkan ISO
                                                             22301:2019
                                                             Training on the Development of
                                                             Business Continuity Management
                                                             System Documentation Based on
                                                             ISO 22301:2019

                                                             Kartini Danantara Leadership          26 September 2025 Srikandi BUMN
                                                             Development Program_Module 1         September 26, 2025
                                                             Lead Boldly: From Within to the
                                                             Future

                                                             Leveraging Digital Innovation to      30 September 2025 Didiek Hartantyo
                                                             Amplify Customer Experience           September 30, 2025 - Direktur Utama
                                                                                                                      PT Kereta Api Indonesia
                                                                                                                      (Persero) | President
                                                                                                                      Director of PT Kereta
                                                                                                                      Api Indonesia (Persero)




220                                                                              Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 221
06                               07                                       08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
Table of the Information Technology Steering Committee Competency Development


                                                                    Materi Pengembangan                    Waktu
      Nama              Jabatan           Kedudukan                 Kompetensi/Pelatihan                Pelaksanaan         Penyelenggara
      Name              Position             Role                   Subject of Competency              Implementation         Organizer
                                                                     Development/Training                   Date
 Aprilizayanti       Human Capital      Anggota Komite       Seminar Aplikasi Regulatory             29 September 2025 Hukum Online
 Putri               Development        Committee            Compliance System                       September 29, 2025
                     Group Head         Member               Regulatory Compliance System
                                                             Application Seminar

                                                             FHCI Connect Expert Series              08 Oktober 2025     PT Jasa Marga
                                                             3  HC Talent Development:              October 8, 2025     (Persero) Tbk
                                                             Global Trend, Future Insight and
                                                             Development

                                                             [Program Cornell] Kick Off              15 Oktober 2025     Cornell University
                                                             Program Cornell Cohort 2 dan 3          October 15, 2025
                                                             [Cornell Program] Kick Off for
                                                             Cornell Cohorts 2 and 3

                                                             Sosialisasi Sistem Pemgendalian         27 Oktober 2025     PT Jasa Marga
                                                             Internal (SPIN)                         October 27, 2025    (Persero) Tbk
                                                             Internal Control System (SPIN)
                                                             Socialization

                                                             Kartini Danantara Leadership            30 Oktober 2025     Danantara
                                                             Development Program                     October 30, 2025

                                                             (Day 1) Pelatihan Konvensi Hak          31 Oktober 2025     Kementerian
                                                             Anak, Pengasuhan Berbasis Hak           October 31, 2025    Pemberdayaan
                                                             Anak, Gender dan Manajemen                                  Perempuan dan
                                                             Keselamatan Anak                                            Perlindungan Anak RI
                                                             (Day 1) Training on the                                     Ministry of Women's
                                                             Convention on the Rights of                                 Empowerment and
                                                             the Child, Child-Rights-Based                               Child Protection of the
                                                             Care, Gender, and Child Safety                              Republic of Indonesia
                                                             Management

                                                             (Day 2) Pelatihan Konvensi Hak          01 November 2025    Kementerian
                                                             Anak, Pengasuhan Berbasis Hak           November 1, 2025    Pemberdayaan
                                                             Anak, Gender dan Manajemen                                  Perempuan dan
                                                             Keselamatan Anak                                            Perlindungan Anak RI
                                                             (Day 2) Training on the                                     Ministry of Women's
                                                             Convention on the Rights of                                 Empowerment and
                                                             the Child, Child-Rights-Based                               Child Protection of the
                                                             Care, Gender, and Child Safety                              Republic of Indonesia
                                                             Management

                                                             Workshop Jasa Marga                     10 November 2025    • Tommy Tjokro -
                                                             Sustainability & Communication          November 10, 2025     Founder SEPIKUL
                                                             Summit 2025                                                   Indonesia
                                                             Jasa Marga Sustainability &                                 • Maria Dian Nurani,
                                                             Communication Summit 2025                                     ST, MSi, SEP, ACPH -
                                                             Workshop                                                      CSR & Sustainability
                                                                                                                           Management Expert

                                                             Learn & Share - Penerapan               14 November 2025    PT Jasa Marga
                                                             Hybrid Wind Tree sebagai                November 14, 2025   (Persero) Tbk
                                                             Langkah Awal Efisiensi Energi di
                                                             Jasa Marga [I2RI]
                                                             Learn & Share - Implementation of
                                                             Hybrid Wind Trees as a First Step
                                                             Toward Energy Efficiency at Jasa
                                                             Marga [I2RI]

                                                             Sharing Session FHCI Connect            19 November 2025    Forum Human Capital
                                                             Expert Series 5 "From                   November 19, 2025   Indonesia (FHCI)
                                                             Engagement to Impact: Building                              Indonesian Human
                                                             Stronger Organizations Through                              Capital Forum (FHCI)
                                                             People Power"




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                          221
Page 222
01                                02                       03                     04                                       05
Ikhtisar Kinerja Utama            Laporan Manajemen        Profil Perusahaan       Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report        Company Profile         Management Discussion and Analysis       Business Support Functions




Tabel Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
Table of the Information Technology Steering Committee Competency Development


                                                                 Materi Pengembangan                    Waktu
       Nama                  Jabatan        Kedudukan            Kompetensi/Pelatihan                Pelaksanaan               Penyelenggara
       Name                  Position          Role              Subject of Competency              Implementation               Organizer
                                                                  Development/Training                   Date
 Aprilizayanti         Human Capital      Anggota Komite     Webinar Series BK Sipil PII:          29 November 2025      PII
 Putri                 Development        Committee          Pembiayaan Kreatif Penyediaan         Novembe 29, 2025
                       Group Head         Member             Infrastruktur "Pembiayaan
                                                             Infrastruktur Jalan Tol di
                                                             Indonesia"
                                                             PII Civil Engineering Webinar
                                                             Series: Creative Financing for
                                                             Infrastructure Provision “Toll
                                                             Road Infrastructure Financing in
                                                             Indonesia”

                                                             Training User Aplikasi Regulatory     11 Desember 2025      Hukum Online
                                                             Compliance System (RCS)               December 11, 2025
                                                             User Training for the Regulatory
                                                             Compliance System (RCS)
                                                             Application

                                                             Legal Summit: Peringatan              15 Desember 2025      • Yudi Purnomo
                                                             Hakordia dan Seminar Dampak           December 15, 2025       Harahap - Penyidik
                                                             UU KUHAP "Penegakan Tindak                                    KPK | KPK
                                                             Pidana Korupsi Ditinjau dari                                  Investigator
                                                             Prinsip Bussiness Judgement                                 • M. Agus Salim -
                                                             Rule dan Pedoman Strategis Bagi                               Hakim Ad-Hoc
                                                             Korporasi dalam Menghadapi                                    Tindak Pidana
                                                             Implementasi UU KUHAP                                         Korupsi | Ad-Hoc
                                                             Legal Summit: Hakordia                                        Judge for Corruption
                                                             Commemoration and Seminar                                     Crimes
                                                             on the Impact of the Criminal                               • Bobby R. Manalu
                                                             Procedure Code "Enforcement                                   - Siregar Setiawan
                                                             of Corruption Crimes Reviewed                                 Manalu Partnership
                                                             from the Business Judgment Rule
                                                             Principle and Strategic Guidelines
                                                             for Corporations in Facing the
                                                             Implementation of the Criminal
                                                             Procedure Code

                                                             Fostering Global Business             16 Desember 2025      SBM ITB
                                                             Awareness and Insight                 December 16, 2025

                                                             Webinar Employee Well Being:          19 Desember 2025      PT Jasa Marga
                                                             Kolaborasi Program Hunian             December 19, 2025     (Persero) Tbk dan
                                                             Karyawan Perumnas dan Jasa                                  Perum Perumnas
                                                             Marga "Hunian Berkualitas -
                                                             Terhubung Tanpa Batas "
                                                             Employee Well-Being Webinar:
                                                             Collaboration between Perumnas
                                                             and Jasa Marga's Employee
                                                             Housing Program “Quality Housing
                                                             - Connected Without Limits”

                                                             Infrastructure Outlook 2026          22 Desember 2025 SBM ITB
                                                             Trends, Risks, and Opportunities      December 22, 2025

 Ivan Mawara           Legal &            Anggota Komite     [Directorship] Pengenalan             10 Maret 2025         PT Prima Wahana
                       Compliance         Committee          Strategis Merger & Acquisition        March 10, 2025        Caraka (PWC)
                       Group Head         Member             [Directorship] Strategic
                                                             Introduction to Mergers &
                                                             Acquisitions

                                                             Business Intelligence Dashboard       04 Juni 2025          PT Jasa Marga
                                                             dalam rangka program self-            June 4, 2025          (Persero) Tbk
                                                             service analytics Perusahaan
                                                             Business Intelligence Dashboard
                                                             as part of the Company's self-
                                                             service analytics program

                                                             Sharing Session Proses                22 September 2025 PT Jasa Marga
                                                             Pelaksanaan Konstruksi Jalan Tol      September 22, 2025 (Persero) Tbk
                                                             Sharing Session on the Toll Road
                                                             Construction Implementation
                                                             Process




222                                                                              Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 223
06                                07                                       08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
Table of the Information Technology Steering Committee Competency Development


                                                                     Materi Pengembangan                    Waktu
      Nama              Jabatan            Kedudukan                 Kompetensi/Pelatihan                Pelaksanaan        Penyelenggara
      Name              Position              Role                   Subject of Competency              Implementation        Organizer
                                                                      Development/Training                   Date
 Ivan Mawara         Legal &             Anggota Komite       Training Sistem Manajemen               29 September 2025 PT BSI
                     Compliance          Committee            Kepatuhan Berbasis ISO                  September 29, 2025
                     Group Head          Member               37301:2021 (Compliance
                                                              Management System) dan
                                                              Go Live Aplikasi Regulatory
                                                              Compliance System (RCS)

                                                              Pendidikan dan Sertifikasi Auditor      28 Oktober 2025     Hukum Online
                                                              Hukum (Certified Legal Auditor)         October 28, 2025
                                                              Education and Certification of
                                                              Legal Auditors (Certified Legal
                                                              Auditor)

                                                              Training User Aplikasi Regulatory       11 Desember 2025    Hukum Online
                                                              Compliance System (RCS)                 December 11, 2025
                                                              User Training for the Regulatory
                                                              Compliance System (RCS)
                                                              Application

                                                              Legal Summit: Peringatan                15 Desember 2025    • Yudi Purnomo
                                                              Hakordia dan Seminar Dampak             December 15, 2025     Harahap - Penyidik
                                                              UU KUHAP "Penegakan Tindak                                    KPK | KPK
                                                              Pidana Korupsi Ditinjau dari                                  Investigator
                                                              Prinsip Bussiness Judgement                                 • M. Agus Salim -
                                                              Rule dan Pedoman Strategis Bagi                               Hakim Ad-Hoc
                                                              Korporasi dalam Menghadapi                                    Tindak Pidana
                                                              Implementasi UU KUHAP                                         Korupsi | Ad-Hoc
                                                              Legal Summit: Hakordia                                        Judge for Corruption
                                                              Commemoration and Seminar                                     Crimes
                                                              on the Impact of the Criminal                               • Bobby R. Manalu
                                                              Procedure Code "Enforcement                                   - Siregar Setiawan
                                                              of Corruption Crimes Reviewed                                 Manalu Partnership
                                                              from the Business Judgment Rule
                                                              Principle and Strategic Guidelines
                                                              for Corporations in Facing the
                                                              Implementation of the Criminal
                                                              Procedure Code

 Denny Chandra       Concession          Anggota Komite       Towards Sustainable Future: Bank        14 Januari 2025     PT Bank Mandiri
 Irawan              Business            Committee            Mandiriʼs Commitment to Positive        January 14, 2025    (Persero) Tbk
                     Planning Group      Member               Change
                     Head
                                                              Jasa Marga Executive Summit             06 Februari 2025    • Koeshartanto
                                                              2025                                    February 6, 2025      Koeswiranto -
                                                                                                                            KTalents Asia
                                                                                                                          • Panji Wasmana -
                                                                                                                            Microsoft Indonesia
                                                                                                                          • Dr. Ir. Waluyo
                                                                                                                            MM - Anggota
                                                                                                                            Komite Akreditasi
                                                                                                                            Nasional | National
                                                                                                                            Accreditation
                                                                                                                            Committee Member

                                                              Pelatihan Pengisian dan Pelaporan       19 Februari 2025    PT Ortax
                                                              SPT Orang Pribadi Karyawan              February 19, 2025
                                                              PT Jasa Marga (Persero) Tbk
                                                              Training on Filling Out and
                                                              Reporting Personal Tax Returns
                                                              for Employees of PT Jasa Marga
                                                              (Persero) Tbk

                                                              Seminar Aplikasi Regulatory             29 September 2025 Hukum Online
                                                              Compliance System                       September 29, 2025
                                                              Regulatory Compliance System
                                                              Application Seminar

                                                              Business Acumen dan Strategic           01 Oktober 2025     PT Jasa Marga
                                                              Innovation Grand Final                  October 1, 2025     (Persero) Tbk
                                                              Presentation
                                                              Business Acumen and Strategic
                                                              Innovation Grand Final
                                                              Presentation




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                          223
Page 224
01                                02                       03                     04                                       05
Ikhtisar Kinerja Utama            Laporan Manajemen        Profil Perusahaan       Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report        Company Profile         Management Discussion and Analysis       Business Support Functions




Tabel Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
Table of the Information Technology Steering Committee Competency Development


                                                                 Materi Pengembangan                    Waktu
       Nama                  Jabatan        Kedudukan            Kompetensi/Pelatihan                Pelaksanaan            Penyelenggara
       Name                  Position          Role              Subject of Competency              Implementation            Organizer
                                                                  Development/Training                   Date
 Denny Chandra         Concession         Anggota Komite     Seminar HPJI 2025_Solusi Holistik     23 Oktober 2025       Himpunan
 Irawan                Business           Committee          Geoteknik untuk Infrastruktur         October 23, 2025      Pengembangan Jalan
                       Planning Group     Member             Jalan Tangguh dan Berkelanjutan                             Indonesia (HPJI)
                       Head                                  HPJI Seminar 2025_Holistic                                  Indonesian Road
                                                             Geotechnical Solutions for                                  Developers Association
                                                             Resilient and Sustainable Road                              (HPJI)
                                                             Infrastructure

                                                             Workshop Jasa Marga                   10 November 2025      • Tommy Tjokro -
                                                             Sustainability & Communication        November 10, 2025       Founder SEPIKUL
                                                             Summit 2025                                                   Indonesia
                                                             Jasa Marga Sustainability &                                 • Maria Dian Nurani,
                                                             Communication Summit 2025                                     ST, MSi, SEP, ACPH -
                                                             Workshop                                                      CSR & Sustainability
                                                                                                                           Management Expert

                                                             Webinar Series BK Sipil PII:          29 November 2025 PII
                                                             Pembiayaan Kreatif Penyediaan         November, 29, 2025
                                                             Infrastruktur "Pembiayaan
                                                             Infrastruktur Jalan Tol di
                                                             Indonesia"
                                                             PII Civil Engineering Webinar
                                                             Series: Creative Financing for
                                                             Infrastructure Provision “Toll
                                                             Road Infrastructure Financing in
                                                             Indonesia”

                                                             Training User Aplikasi Regulatory     11 Desember 2025      Hukum Online
                                                             Compliance System (RCS)               December 11, 2025
                                                             User Training for the Regulatory
                                                             Compliance System (RCS)
                                                             Application

                                                             Legal Summit: Peringatan              15 Desember 2025      • Yudi Purnomo
                                                             Hakordia dan Seminar Dampak           December 15, 2025       Harahap - Penyidik
                                                             UU KUHAP "Penegakan Tindak                                    KPK | KPK
                                                             Pidana Korupsi Ditinjau dari                                  Investigator
                                                             Prinsip Bussiness Judgement                                 • M. Agus Salim -
                                                             Rule dan Pedoman Strategis Bagi                               Hakim Ad-Hoc
                                                             Korporasi dalam Menghadapi                                    Tindak Pidana
                                                             Implementasi UU KUHAP                                         Korupsi | Ad-Hoc
                                                             Legal Summit: Hakordia                                        Judge for Corruption
                                                             Commemoration and Seminar                                     Crimes
                                                             on the Impact of the Criminal                               • Bobby R. Manalu
                                                             Procedure Code "Enforcement                                   - Siregar Setiawan
                                                             of Corruption Crimes Reviewed                                 Manalu Partnership
                                                             from the Business Judgment Rule
                                                             Principle and Strategic Guidelines
                                                             for Corporations in Facing the
                                                             Implementation of the Criminal
                                                             Procedure Code




224                                                                              Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 225
06                                 07                                    08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




Pengembangan Kompetensi Unit Internal Audit
Internal Audit Unit Competency Development

Tabel Pengembangan Kompetensi Unit Internal Audit
Table of the Internal Audit Unit Competency Development


                                                                                                               Waktu
      Nama                  Jabatan          Materi Pengembangan Kompetensi/Pelatihan                       Pelaksanaan      Penyelenggara
      Name                  Position         Subject of Competency Development/Training                    Implementation      Organizer
                                                                                                                Date
 Agung Laksana       Internal Audit        Dapat dilihat pada pembahasan Pengembangan Kompetensi Komite Manajemen Risiko
 Pranata             Senior Group          Disclosed in Risk Management Committee Competency Development section
                     Head

 Sigit Sutarno       Internal Audit        [Directorship] Pengenalan Strategis Merger &                  10 Maret 2025       PT Prima Wahana
                     Planning &            Acquisition                                                   March 10, 2025      Caraka (PWC)
                     Execution             [Directorship] Strategic Introduction to Mergers &
                     Department Head       Acquisitions

                                           Workshop Implementasi Internal Control Over Financial         07 Mei 2025         The Institute of
                                           Reporting (ICOFR)                                             May 7, 2025         Internal Auditors
                                           Workshop on the Implementation of Internal Control                                Indonesia (IIA)
                                           Over Financial Reporting (ICOFR)

                                           Konferensi Auditor Internal dan Munas FKSPI 2025         02 Juli 2025             Yayasan
                                           "Shifting Horizon for Internal Auditors: Navigating      July 2, 2025             Pendidikan Internal
                                           Emerging Risk, Governance and Opportunities in 2025"                              Audit (YPIA)
                                           Internal Auditor Conference and FKSPI National                                    Internal Audit
                                           Conference 2025 “Shifting Horizon for Internal Auditors:                          Education
                                           Navigating Emerging Risk, Governance and Opportunities                            Foundation (YPIA)
                                           in 2025”

                                           Pelatihan Konsep Dasar dan Pentingnya Sistem                  04 Agustus 2025     Agus Doddy S.Kom,
                                           Manajemen Kelangsungan Usaha Berdasar ISO                     August 4, 2025      AMBCI, LA ISO
                                           22301:2019                                                                        BCMS - Chairman
                                           Training on the Basic Concepts and Importance of                                  BCM Forum
                                           Business Continuity Management Systems based on                                   Indonesia & Senior
                                           ISO 22301:2019                                                                    Consultant JPM &
                                                                                                                             Partners

                                           Training Sistem Manajemen Kepatuhan Berbasis ISO              29 September 2025 PT BSI
                                           37301:2021 (Compliance Management System) dan Go              September 29, 2025
                                           Live Aplikasi Regulatory Compliance System (RCS)
                                           Training on the ISO 37301:2021-Based Compliance
                                           Management System and Go Live of the Regulatory
                                           Compliance System (RCS) App

                                           Workshop Sistem Pengendalian Internal (SPIN)                  21 Oktober 2025     PT Jasa Marga
                                           Internal Control System (SPIN) Workshop                       October 21, 2025    (Persero) Tbk

                                           Sosialisasi Sistem Pengendalian Internal (SPIN)               27 Oktober 2025     PT Jasa Marga
                                           Socialisation of the Internal Control System (SPIN)           October 27, 2025    (Persero) Tbk

                                           Pelatihan Internal Control over Financial Reporting           8 Desember 2025     PT Prima Wahana
                                           (ICoFR) - Test of Design Effectiveness (TOD) dan Test         December 8, 2025    Caraka (PWC)
                                           of Operationg Effectiveness (TOE)
                                           Internal Control over Financial Reporting (ICoFR)
                                           Training - Test of Design Effectiveness (TOD) and Test
                                           of Operational Effectiveness (TOE)

                                           Training User Aplikasi Regulatory Compliance System           11 Desember 2025    Hukum Online
                                           (RCS)                                                         December 11, 2025
                                           Training for Regulatory Compliance System (RCS)
                                           Application Users

                                           Workshop ICOFR: Metodologi dan Praktik Test of Design         18 Desember 2025    Ernst & Young
                                           Effectiveness (TOD) dan Test of Operating Effectiveness       December 18, 2025
                                           (TOE)
                                           ICOFR Workshop: Methodology and Practice of Test
                                           of Design Effectiveness (TOD) and Test of Operating
                                           Effectiveness (TOE)

 Juairiah            Internal Audit        Sertifikasi QIA Kelas Reguler Tingkat Dasar                   06 Januari 2025     Yayasan
                     Monitoring &          QIA Certification Basic Level – Regular Class                 January 6, 2025     Pendidikan Internal
                     Operational                                                                                             Audit (YPIA)
                     Management                                                                                              Internal Audit
                     Assistant                                                                                               Education
                                                                                                                             Foundation (YPIA)




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                       225
Page 226
01                                02                       03                       04                                         05
Ikhtisar Kinerja Utama            Laporan Manajemen        Profil Perusahaan         Analisa dan Pembahasan Manajemen           Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report        Company Profile           Management Discussion and Analysis         Business Support Functions




Tabel Pengembangan Kompetensi Unit Internal Audit
Table of the Internal Audit Unit Competency Development


                                                                                                               Waktu
       Nama                  Jabatan         Materi Pengembangan Kompetensi/Pelatihan                       Pelaksanaan           Penyelenggara
       Name                  Position        Subject of Competency Development/Training                    Implementation           Organizer
                                                                                                                Date
 Juairiah              Internal Audit      Pelatihan & Sertifikasi CRA                                    17 Februari 2025        Smart Imdonesia
                       Monitoring &        CRA Training & Certification                                   February 17, 2025       Academy
                       Operational
                                           [Directorship] Pengenalan Strategis Merger &                   10 Maret 2025           PT Prima Wahana
                       Management
                                           Acquisition                                                    March 10, 2025          Caraka (PWC)
                       Assistant
                                           [Directorship] Strategic Introduction to Mergers &
                                           Acquisitions

                                           “Kartiniʼs Legacy: Langkah Perempuan Sebagai Change            28 April 2025           Retno Marsudi -
                                           Agents di Era Modern”                                          April 28, 2025          Menteri Luar Negeri
                                           “Kartini’s Legacy: Women as Change Agents in the                                       RI (2014-2024)
                                           Modern Era”                                                                            | Minister of
                                                                                                                                  Foreign Affairs
                                                                                                                                  of the Republic
                                                                                                                                  of Indonesia
                                                                                                                                  (2014-2024)

                                           Webinar Wellbeing "Strategi Investasi Emas Tanpa               24 April 2025           PT Bank Syariah
                                           Cemas”                                                         April 24, 2025          Indonesia
                                           Wellbeing Webinar “Strategies for Worry-Free Gold
                                           Investment”

                                           Webinar Employee Wellbeing (Mental Health) Growing             13 Juni 2025            Dessy Ilsanti,
                                           Beyond Insecurity: Menjadi Cerdas Emosional di Tempat          June 13, 2025           M.Psi. - Psikolog
                                           Kerja                                                                                  Klinis | Clinical
                                           Webinar on Employee Wellbeing (Mental Health)                                          Psychologist
                                           Growing Beyond Insecurity: Becoming Emotionally
                                           Intelligent at Work

                                           Pelatihan Risk Maturity Index (RMI)                            09 Juli 2025            RWI Consulting
                                           Risk Maturity Index (RMI) Training                             July 9, 2025

                                           Pelatihan dan Sertifikasi Certified Practitioner of Internal   21 Juli 2025            Yayasan
                                           Audit (CPIA)                                                   July 21, 2025           Pendidikan
                                           Certified Practitioner of Internal Audit (CPIA) Training                               Internal Audit
                                           and Certification                                                                      (YPIA)
                                                                                                                                  Internal Audit
                                                                                                                                  Education
                                                                                                                                  Foundation (YPIA)

                                           Pelatihan Konsep Dasar dan Penting nya Sistem                  04 Agustus 2025         Agus Doddy
                                           Manajemen Kelangsungan Usaha berdasar ISO                      August 4, 2025          S.Kom, AMBCI,
                                           22301:2019                                                                             LA ISO BCMS -
                                           Training on the Basic Concepts and Importance of                                       Chairman BCM
                                           Business Continuity Management Systems based on                                        Forum Indonesia &
                                           ISO 22301:2019                                                                         Senior Consultant
                                                                                                                                  JPM & Partners

                                           Leveraging Digital Innovation to Amplify Customer              30 September            Didiek Hartantyo
                                           Experience                                                     2025                    - Direktur Utama |
                                                                                                          September 30,           President Director
                                                                                                          2025                    PT Kereta Api
                                                                                                                                  Indonesia (Persero)

                                           Workshop Sistem Pengendalian Internal (SPIN)                   21 Oktober 2025         PT Jasa Marga
                                           Internal Control System SPIN Workshop                        October 21, 2025        (Persero) Tbk

                                           Sosialisasi Sistem Pengendalian Internal (SPIN)                27 Oktober 2025         PT Jasa Marga
                                           Socialisation of the Internal Control System (SPIN)            October 27, 2025        (Persero) Tbk

                                           Workshop Jasa Marga Sustainability & Communication             10 November 2025        • Tommy Tjokro -
                                           Summit 2025                                                    November 10, 2025         Founder SEPIKUL
                                                                                                                                    Indonesia
                                                                                                                                  • Maria Dian
                                                                                                                                    Nurani, ST, MSi,
                                                                                                                                    SEP, ACPH - CSR
                                                                                                                                    & Sustainability
                                                                                                                                    Management
                                                                                                                                    Expert




226                                                                                Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 227
06                                 07                                    08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Unit Internal Audit
Table of the Internal Audit Unit Competency Development


                                                                                                               Waktu
      Nama                  Jabatan          Materi Pengembangan Kompetensi/Pelatihan                       Pelaksanaan      Penyelenggara
      Name                  Position         Subject of Competency Development/Training                    Implementation      Organizer
                                                                                                                Date
 Juairiah            Internal Audit        Seminar Nasional Internal Audit (SNIA) 2025 “Whatʼs           03 Desember 2025    Yayasan
                     Monitoring &          Driving Change to Stay Ahead of The Curve for Internal        December 3, 2025    Pendidikan
                     Operational           Auditors in The Coming Years?”                                                    Internal Audit
                     Management            National Internal Audit Seminar (SNIA) 2025 ‘What                                 (YPIA)
                     Assistant             Drives Change to Stay Ahead of the Curve for Internal                             Internal Audit
                                           Auditors in the Coming Years?’                                                    Education
                                                                                                                             Foundation (YPIA)

                                           Pelatihan Internal Control over Financial Reporting           08 Desember 2025    PT Prima Wahana
                                           ICoFR - Test of Design Effectiveness TOD dan Test         December 8, 2025    Caraka (PWC)
                                           of Operationg Effectiveness TOE
                                           Internal Control over Financial Reporting (ICoFR)
                                           Training - Test of Design Effectiveness (TOD) and Test
                                           of Operational Effectiveness (TOE)

                                           Training User Aplikasi Regulatory Compliance System           12 Desember 2025    Hukum Online
                                           (RCS)                                                         December 12, 2025

                                           Workshop ICOFR: Metodologi dan Praktik Test of Design         18 Desember 2025    Ernst & Young
                                           Effectiveness (TOD) dan Test of Operating Effectiveness       December 18, 2025
                                           (TOE)
                                           ICOFR Workshop: Methodology and Practice of Test
                                           of Design Effectiveness (TOD) and Test of Operating
                                           Effectiveness (TOE)

 Hokie Fitriawan     Auditor               [Directorship] Pengenalan Strategis Merger &                  10 Maret 2025       PT Prima Wahana
                                           Acquisition                                                   March 10, 2025      Caraka (PWC)
                                           [Directorship] Strategic Introduction to Mergers &
                                           Acquisitions

                                           Kick Off dan Workshop "Desain dan Implementasi                14 April 2025       Ernst & Young
                                           Internal Control Over Financial Reporting (ICOFR)             April 14, 2025
                                           PT Jasa Marga (Persero) Tbk"
                                           Kick-off and Workshop on “Design and Implementation
                                           of Internal Control over Financial Reporting (ICOFR) at
                                           PT Jasa Marga (Persero) Tbk”

                                           Webinar Wellbeing "Strategi Investasi Emas Tanpa              24 April 2025       PT Bank Syariah
                                           Cemas”                                                        April 24, 2025      Indonesia
                                           Wellbeing Webinar “Strategies for Worry-Free Gold
                                           Investment”

                                           Workshop Implementasi Internal Control Over Financial         07 Mei 2025         The Institute of
                                           Reporting (ICOFR)                                             May 7, 2025         Internal Auditors
                                           Workshop on the Implementation of Internal Control                                Indonesia (IIA)
                                           Over Financial Reporting (ICOFR)

 Hokie Fitriawan     Auditor               Pelatihan Agreed-Upon Procedures (AUP) Kualitas               18 Juni 2025        Harry Mulyadi
                                           Penerapan Manajemen Risiko                                    June 18, 2025
                                           Agreed-Upon Procedures (AUP) Training on the Quality
                                           of Risk Management Implementation

                                           Seminar Nasional – Bincang SPI 2025 “Menjaga                  03 September 2025   Forum Komunikasi
                                           Profesionalisme Direksi dalam Bingkai Governance,             September 3, 2025   Satuan Pengawasan
                                           Risk & Compliance (GRC) dan Business Judgment Rule                                Intern Wilayah Jawa
                                           terhadap UU No. 1 Tahun 2025”                                                     Barat & Banten
                                           National Seminar – SPI 2025 Discussion “Maintaining                               Communication
                                           Board Professionalism within the Framework of                                     Forum for Internal
                                           Governance, Risk & Compliance (GRC) and Business                                  Audit Units in West
                                           Judgment Rule in accordance with Law No. 1 of 2025”                               Java & Banten
                                                                                                                             Regions

                                           Workshop Sistem Pengendalian Internal (SPIN)                  21 Oktober 2025     PT Jasa Marga
                                           Internal Control System (SPIN) Workshop                       October 21, 2025    (Persero) Tbk

                                           Sosialisasi Sistem Pengendalian Internal (SPIN)               27 Oktober 2025     PT Jasa Marga
                                           Socialisation of the Internal Control System (SPIN)           October 27, 2025    (Persero) Tbk

                                           Pelatihan Internal Control over Financial Reporting           8 Desember 2025     PT Prima Wahana
                                           (ICoFR) - Test of Design Effectiveness (TOD) dan Test         December 8, 2025    Caraka (PWC)
                                           of Operationg Effectiveness (TOE)
                                           Internal Control over Financial Reporting (ICoFR)
                                           Training - Test of Design Effectiveness (TOD) and Test
                                           of Operational Effectiveness (TOE)




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                       227
Page 228
01                                02                       03                     04                                         05
Ikhtisar Kinerja Utama            Laporan Manajemen        Profil Perusahaan       Analisa dan Pembahasan Manajemen           Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report        Company Profile         Management Discussion and Analysis         Business Support Functions




Tabel Pengembangan Kompetensi Unit Internal Audit
Table of the Internal Audit Unit Competency Development


                                                                                                             Waktu
       Nama                  Jabatan         Materi Pengembangan Kompetensi/Pelatihan                     Pelaksanaan           Penyelenggara
       Name                  Position        Subject of Competency Development/Training                  Implementation           Organizer
                                                                                                              Date
 Hokie Fitriawan       Auditor             Workshop ICOFR: Metodologi dan Praktik Test of Design        18 Desember 2025        Ernst & Young
                                           Effectiveness (TOD) dan Test of Operating Effectiveness      December 18, 2025
                                           (TOE)
                                           ICOFR Workshop: Methodology and Practice of Test
                                           of Design Effectiveness (TOD) and Test of Operating
                                           Effectiveness (TOE)

 Dias August           Senior Auditor      Towards Sustainable Future: Bank Mandiriʼs                   14 Januari 2025         PT Bank Mandiri
 Surya Putra                               Commitment to Positive Change                                January 14, 2025        (Persero) Tbk

                                           [Directorship] Pengenalan Strategis Merger &                 10 Maret 2025           PT Prima Wahana
                                           Acquisition                                                  March 10, 2025          Caraka (PWC)
                                           [Directorship] Strategic Introduction to Mergers &
                                           Acquisitions

                                           Kick Off dan Workshop “Desain dan Implementasi               14 April 2025           Ernst & Young
                                           Internal Control Over Financial Reporting (ICOFR)            April 14, 2025
                                           PT Jasa Marga (Persero) Tbk”
                                           Kick-off and Workshop on “Design and Implementation
                                           of Internal Control over Financial Reporting (ICOFR) at
                                           PT Jasa Marga (Persero) Tbk”

                                           “Kartiniʼs Legacy: Langkah Perempuan Sebagai Change          28 April 2025           Retno Marsudi -
                                           Agents di Era Modern”                                        April 28, 2025          Menteri Luar Negeri
                                           “Kartini’s Legacy: Women as Change Agents in the                                     RI (2014-2024)
                                           Modern Era”                                                                          | Minister of
                                                                                                                                Foreign Affairs
                                                                                                                                of the Republic
                                                                                                                                of Indonesia
                                                                                                                                (2014-2024)

                                           Konferensi Auditor Internal dan Munas FKSPI 2025         02 Juli 2025                Yayasan
                                           "Shifting Horizon for Internal Auditors: Navigating      July 2, 2025                Pendidikan Internal
                                           Emerging Risk, Governance and Opportunities in 2025"                                 Audit (YPIA)
                                           Internal Auditor Conference and FKSPI National                                       Internal Audit
                                           Conference 2025 “Shifting Horizon for Internal Auditors:                             Education
                                           Navigating Emerging Risk, Governance and Opportunities                               Foundation (YPIA)
                                           in 2025”

                                           Pelatihan Risk Maturity Index (RMI)                          09 Juli 2025            RWI Consulting
                                           Risk Maturity Index (RMI) Training                           July 9, 2025

                                           Pelatihan Konsep Dasar dan Penting nya Sistem                04 August 2025          Agus Doddy S.Kom,
                                           Manajemen Kelangsungan Usaha berdasar ISO                    August 4, 2025          AMBCI, LA ISO
                                           22301:2019                                                                           BCMS - Chairman
                                           Training on the Basic Concepts and Importance of                                     BCM Forum
                                           Business Continuity Management Systems based on                                      Indonesia & Senior
                                           ISO 22301:2019                                                                       Consultant JPM &
                                                                                                                                Partners

                                           Knowledge Sharing Forum KSF Long-Span Bridge                 19 Agustus 2025         BPSDM
                                           Maintenance in Japan                                         August 19, 2025         Kementerian
                                                                                                                                Pekerjaan Umum
                                                                                                                                Human Resources
                                                                                                                                Development
                                                                                                                                Agency – Ministry
                                                                                                                                of Public Works

                                           Program ACIIA Conference 2025 dan Onsite Learning            08 September 2025       Lembaga Profesi
                                           Kuala Lumpur                                                 September 8, 2025       Auditor Internal
                                           ACIIA Conference 2025 Program and Kuala Lumpur                                       Indonesia (LPAII)
                                           Onsite Learning                                                                      Indonesian
                                                                                                                                Internal Auditor
                                                                                                                                Professional
                                                                                                                                Association (LPAII)

                                           Sharing Session Proses Pelaksanaan Konstruksi Jalan Tol      22 September 2025       PT Jasa Marga
                                           Sharing Session on the Implementation Toll Road              September 22, 2025      (Persero) Tbk
                                           Construction




228                                                                              Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 229
06                                 07                                    08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Unit Internal Audit
Table of the Internal Audit Unit Competency Development


                                                                                                               Waktu
      Nama                  Jabatan          Materi Pengembangan Kompetensi/Pelatihan                       Pelaksanaan       Penyelenggara
      Name                  Position         Subject of Competency Development/Training                    Implementation       Organizer
                                                                                                                Date
 Dias August         Senior Auditor        Leveraging Digital Innovation to Amplify Customer             30 September 2025    Didiek Hartantyo
 Surya Putra                               Experience                                                    September 30, 2025   - Direktur Utama |
                                                                                                                              President Director
                                                                                                                              of PT Kereta Api
                                                                                                                              Indonesia (Persero)

                                           Workshop Sistem Pengendalian Internal (SPIN)                  21 Oktober 2025      PT Jasa Marga
                                           Internal Control System (SPIN) Workshop                       October 21, 2025     (Persero) Tbk

                                           Sosialisasi Sistem Pengendalian Internal (SPIN)               27 Oktober 2025      PT Jasa Marga
                                           Socialisation of the Internal Control System (SPIN)           October 27, 2025     (Persero) Tbk

                                           Town Hall Meeting Jasa Marga Group: Launching                 20 November 2025     PT Jasa Marga
                                           Budaya Kerja JSMR MOVE                                        November 20, 2025    (Persero) Tbk
                                           Jasa Marga Group Town Hall Meeting: Launching the
                                           JSMR MOVE Work Culture

                                           Pelatihan Internal Control over Financial Reporting           8 Desember 2025      PT Prima Wahana
                                           (ICoFR) - Test of Design Effectiveness (TOD) dan Test         December 8, 2025     Caraka (PWC)
                                           of Operationg Effectiveness (TOE)
                                           Internal Control over Financial Reporting (ICoFR)
                                           Training - Test of Design Effectiveness (TOD) and Test
                                           of Operational Effectiveness (TOE)

                                           Workshop ICOFR: Metodologi dan Praktik Test of Design         18 Desember 2025     Ernst & Young
                                           Effectiveness (TOD) dan Test of Operating Effectiveness       December 18, 2025
                                           (TOE)
                                           ICOFR Workshop: Methodology and Practice of Test
                                           of Design Effectiveness (TOD) and Test of Operating
                                           Effectiveness (TOE)

 Krisma Perwita      Internal Audit        Towards Sustainable Future: Bank Mandiriʼs                    14 Januari 2025      PT Bank Mandiri
 Sari                Monitoring &          Commitment to Positive Change                                 January 14, 2025     (Persero) Tbk
                     Operational
                                           JM Talk Operational Services: Tollroad Preservation           14 Februari 2025     PT Jasa Marga
                     Management
                                           Improvement through the Implementation of Slope               February 14, 2025    (Persero) Tbk
                     Department Head
                                           Management System

                                           Pelatihan Internal Control Over Financial Reporting           18 Februari 2025     PELINDO
                                           (ICOFR)                                                       February 18, 2025
                                           Internal Control Over Financial Reporting (ICOFR)
                                           Training

                                           [Directorship] Pengenalan Strategis Merger &                  10 Maret 2025        PT Prima Wahana
                                           Acquisition                                                   March 10, 2025       Caraka (PWC)
                                           [Directorship] Strategic Introduction to Mergers &
                                           Acquisitions

                                           Kick Off dan Workshop "Desain dan Implementasi                14 April 2025        Ernst & Young
                                           Internal Control Over Financial Reporting (ICOFR)             April 14, 2025
                                           PT Jasa Marga (Persero) Tbk"
                                           Kick-off and Workshop on “Design and Implementation
                                           of Internal Control over Financial Reporting (ICOFR) at
                                           PT Jasa Marga (Persero) Tbk”

                                           “Kartiniʼs Legacy: Langkah Perempuan Sebagai Change           28 April 2025        Retno Marsudi
                                           Agents di Era Modern”                                         April 28, 2025       - Menteri Luar
                                           “Kartini’s Legacy: Women as Change Agents in the                                   Negeri RI (2014-
                                           Modern Era”                                                                        2024) | Minister
                                                                                                                              of Foreign Affairs
                                                                                                                              of the Republic of
                                                                                                                              Indonesia (2014-
                                                                                                                              2024)

                                           Pelatihan Internal Manajemen Resiko 2025 (Batch 2)            16 April 2025        PT Jasa Marga
                                           Internal Risk Management Training 2025 (Batch 2)              April 16, 2025       (Persero) Tbk

                                           Pelatihan Building a Sustainable Quality Program              19 Mei 2025          PT Jasa Marga
                                           Training on Building a Sustainable Quality Program            May 19, 2025         (Persero) Tbk

                                           Sharing Session Proses Pelaksanaan Konstruksi Jalan Tol       22 September 2025 PT Jasa Marga
                                           Sharing Session on the Implementation Toll Road               September 22, 2025 (Persero) Tbk
                                           Construction




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                       229
Page 230
01                                02                       03                     04                                         05
Ikhtisar Kinerja Utama            Laporan Manajemen        Profil Perusahaan       Analisa dan Pembahasan Manajemen           Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report        Company Profile         Management Discussion and Analysis         Business Support Functions




Tabel Pengembangan Kompetensi Unit Internal Audit
Table of the Internal Audit Unit Competency Development


                                                                                                             Waktu
       Nama                  Jabatan         Materi Pengembangan Kompetensi/Pelatihan                     Pelaksanaan           Penyelenggara
       Name                  Position        Subject of Competency Development/Training                  Implementation           Organizer
                                                                                                              Date
 Krisma Perwita        Internal Audit      Training Sistem Manajemen Kepatuhan Berbasis ISO             29 September 2025 PT BSI
 Sari                  Monitoring &        37301:2021 (Compliance Management System) dan Go             September 29, 2025
                       Operational         Live Aplikasi Regulatory Compliance System (RCS)
                       Management          Training on the ISO 37301:2021-Based Compliance
                       Department Head     Management System and Go Live of the Regulatory
                                           Compliance System (RCS) App

                                           Workshop Sistem Pengendalian Internal (SPIN)                 21 Oktober 2025         PT Jasa Marga
                                           Internal Control System (SPIN) Workshop                      October 21, 2025        (Persero) Tbk

                                           Sosialisasi Sistem Pengendalian Internal (SPIN)              27 Oktober 2025         PT Jasa Marga
                                           Socialisation of the Internal Control System (SPIN)          October 27, 2025        (Persero) Tbk

                                           Sharing Session "Beyond Strategy: Leading Through            28 Oktober 2025         PT Jasa Marga
                                           Stakeholder Synergy"                                         October 28, 2025        (Persero) Tbk

                                           Workshop Jasa Marga Sustainability & Communication           10 November 2025        • Tommy Tjokro -
                                           Summit 2025                                                  November 10, 2025         Founder SEPIKUL
                                                                                                                                  Indonesia
                                                                                                                                • Maria Dian
                                                                                                                                  Nurani, ST, MSi,
                                                                                                                                  SEP, ACPH - CSR
                                                                                                                                  & Sustainability
                                                                                                                                  Management
                                                                                                                                  Expert

                                           Pelatihan Internal Control over Financial Reporting          8 Desember 2025         PT Prima Wahana
                                           (ICoFR) - Test of Design Effectiveness TOD dan Test        December 8, 2025        Caraka (PWC)
                                           of Operationg Effectiveness (TOE)
                                           Internal Control over Financial Reporting (ICoFR)
                                           Training - Test of Design Effectiveness (TOD) and Test
                                           of Operational Effectiveness (TOE)

                                           Training User Aplikasi Regulatory Compliance System          12 Desember 2025        Hukum Online
                                           (RCS)                                                        December 12, 2025
                                           Training for Regulatory Compliance System (RCS)
                                           Application Users

                                           Legal Summit: Peringatan Hakordia dan Seminar                15 Desember 2025        • Yudi Purnomo
                                           Dampak UU KUHAP "Penegakan Tindak Pidana Korupsi             December 15, 2025         Harahap -
                                           Ditinjau dari Prinsip Bussiness Judgement Rule dan                                     Penyidik KPK |
                                           Pedoman Strategis Bagi Korporasi dalam Menghadapi                                      KPK investigator
                                           Implementasi UU KUHAP                                                                • M. Agus Salim -
                                           Legal Summit: Hakordia Commemoration and Seminar                                       Hakim Ad-Hoc
                                           on the Impact of the Criminal Procedure Code                                           Tindak Pidana
                                           Law ‘Enforcement of Corruption Crimes Reviewed                                         Korupsi | Ad
                                           from the Business Judgement Rule Principle and                                         Hoc Judge for
                                           Strategic Guidelines for Corporations in Facing the                                    Corruption Crimes
                                           Implementation of the Criminal Procedure Code Law’                                   • Bobby R.
                                                                                                                                  Manalu - Siregar
                                                                                                                                  Setiawan Manalu
                                                                                                                                  Partnership

                                           Workshop ICOFR: Metodologi dan Praktik Test of Design        18 Desember 2025        Ernst & Young
                                           Effectiveness (TOD) dan Test of Operating Effectiveness      December 18, 2025
                                           (TOE)
                                           ICOFR Workshop: Methodology and Practice of Test
                                           of Design Effectiveness (TOD) and Test of Operating
                                           Effectiveness (TOE)

 Indri Kurnia          Internal Audit      [Directorship] Pengenalan Strategis Merger & Acquisition     10 Maret 2025           PT Prima Wahana
 Lestari               Planning &          [Directorship] Strategic Introduction to Mergers &           March 10, 2025          Caraka (PWC)
                       Execution Senior    Acquisitions
                       Specialist
                                           Webinar Wellbeing "Strategi Investasi Emas Tanpa Cemas” 24 April 2025                PT Bank Syariah
                                           Wellbeing Webinar “Strategies for Worry-Free Gold       April 24, 2025               Indonesia
                                           Investment”

                                           Webinar Employee Wellbeing (Mental Health) Growing           13 Juni 2025            Dessy Ilsanti,
                                           Beyond Insecurity: Menjadi Cerdas Emosional di Tempat        June, 13, 2025          M.Psi. - Psikolog
                                           Kerja                                                                                Klinis | Clinical
                                           Webinar on Employee Wellbeing (Mental Health)                                        Psychologist
                                           Growing Beyond Insecurity: Becoming Emotionally
                                           Intelligent at Work




230                                                                              Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 231
06                                 07                                      08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Unit Internal Audit
Table of the Internal Audit Unit Competency Development


                                                                                                                 Waktu
      Nama                  Jabatan          Materi Pengembangan Kompetensi/Pelatihan                         Pelaksanaan      Penyelenggara
      Name                  Position         Subject of Competency Development/Training                      Implementation      Organizer
                                                                                                                  Date
 Indri Kurnia        Internal Audit        Workshop Business Acumen dan Strategic Innovation               18 Juni 2025        PT Prasetiya
 Lestari             Planning &            Batch 2                                                         June 18, 2025       Mulya ELI
                     Execution Senior      Business Acumen and Strategic Innovation Workshop
                     Specialist            Batch 2

                                           Proposal Presentation Business Acumen dan Strategic             10 Juli 2025        PT Prasetiya
                                           Innovation Batch 2                                              July 10, 2025       Mulya ELI
                                           Business Acumen and Strategic Innovation Proposal
                                           Presentation Batch 2

                                           Business Acumen dan Strategic Innovation Batch 2:               28 Juli 2025        PT Prasetiya
                                           Online Coaching                                                 July 28, 2025       Mulya ELI
                                           Business Acumen and Strategic Innovation Batch 2:
                                           Online Coaching

                                           Workshop Legal Fundamentals for Business                        30 Juli 2025        PT Jasa Marga
                                           Professional                                                    July 30, 2025       (Persero) Tbk

                                           Coaching with Expert: Business Acumen dan Strategic             25 Agustus 2025     PT Jasa Marga
                                           Innovation Batch 2                                              August 25, 2025     (Persero) Tbk

                                           Pelatihan Internal Audit For New Internal Auditor (IAFNA) 25 Agustus 2025           PT Jasa Marga
                                           Internal Audit For New Internal Auditor (IAFNA) Training  August 25, 2025           (Persero) Tbk

                                           Pelatihan dan Sertifikasi Certified Practitioner of Internal    15 September 2025 Yayasan
                                           Audit (CPIA)                                                    September 15, 2025 Pendidikan Internal
                                           Certified Practitioner of Internal Audit (CPIA) Training                           Audit (YPIA)
                                           and Certification                                                                  Internal Audit
                                                                                                                              Education
                                                                                                                              Foundation (YPIA)

                                           Leveraging Digital Innovation to Amplify Customer               30 September 2025 Didiek Hartantyo
                                           Experience                                                      September 30, 2025 - Direktur Utama |
                                                                                                                              President Director
                                                                                                                              of PT Kereta
                                                                                                                              Api Indonesia
                                                                                                                              (Persero)

                                           Workshop Sistem Pengendalian Internal (SPIN)                    21 Oktober 2025     PT Jasa Marga
                                           Internal Control System (SPIN) Workshop                         October 21, 2025    (Persero) Tbk

                                           Pelatihan Internal Control over Financial Reporting             08 Desember 2025    PT Prima Wahana
                                           (ICoFR) - Test of Design Effectiveness (TOD) dan Test           December 8, 2025    Caraka (PWC)
                                           of Operationg Effectiveness (TOE)
                                           Internal Control over Financial Reporting (ICoFR)
                                           Training - Test of Design Effectiveness (TOD) and Test
                                           of Operational Effectiveness (TOE)

                                           Legal Summit: Peringatan Hakordia dan Seminar                   15 Desember 2025    • Yudi Purnomo
                                           Dampak UU KUHAP "Penegakan Tindak Pidana Korupsi                December 15, 2025     Harahap -
                                           Ditinjau dari Prinsip Bussiness Judgement Rule dan                                    Penyidik KPK |
                                           Pedoman Strategis Bagi Korporasi dalam Menghadapi                                     KPK investigator
                                           Implementasi UU KUHAP                                                               • M. Agus Salim -
                                           Implementation of the Criminal Procedure Code                                         Hakim Ad-Hoc
                                           Legal Summit: Hakordia Warning and Seminar on the                                     Tindak Pidana
                                           Impact of the Criminal Procedure Code “Enforcement                                    Korupsi | Ad
                                           of Corruption Crimes Reviewed from the Business                                       Hoc Judge for
                                           Judgement Rule Principle and Strategic Guidelines                                     Corruption
                                           for Corporations in Facing the Implementation of the                                  Crimes
                                           Criminal Procedure Code                                                             • Bobby R.
                                                                                                                                 Manalu - Siregar
                                                                                                                                 Setiawan
                                                                                                                                 Manalu
                                                                                                                                 Partnership

                                           Workshop ICOFR: Metodologi dan Praktik Test of Design           18 December 2025    Ernst & Young
                                           Effectiveness (TOD) dan Test of Operating Effectiveness         December 18, 2025
                                           (TOE)
                                           ICOFR Workshop: Methodology and Practice of Test
                                           of Design Effectiveness (TOD) and Test of Operating
                                           Effectiveness (TOE)




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                         231
Page 232
01                                02                       03                     04                                         05
Ikhtisar Kinerja Utama            Laporan Manajemen        Profil Perusahaan       Analisa dan Pembahasan Manajemen           Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report        Company Profile         Management Discussion and Analysis         Business Support Functions




Tabel Pengembangan Kompetensi Unit Internal Audit
Table of the Internal Audit Unit Competency Development


                                                                                                             Waktu
       Nama                  Jabatan         Materi Pengembangan Kompetensi/Pelatihan                     Pelaksanaan           Penyelenggara
       Name                  Position        Subject of Competency Development/Training                  Implementation           Organizer
                                                                                                              Date
 Corry Annelia         Internal Audit      [Directorship] Pengenalan Strategis Merger &                 10 Maret 2025           PT Prima Wahana
 Poundti H.            Planning &          Acquisition                                                  March 10, 2025          Caraka (PWC)
                       Execution Senior    [Directorship] Strategic Introduction to Mergers &
                       Specialist          Acquisitions"

                                           Webinar Employee Well Being Series_“Smart Working,           20 Maret 2025           Alsi Mega Marsha
                                           Not Overworking: Cara Produktif Tanpa Harus Burn Out”        March 20, 2025          Tengker B.A,
                                           Employee Well-Being Series Webinar: “Smart Working,                                  M. Sc., M. Psi.,
                                           Not Overworking: How to Be Productive Without Burning                                (Caca Tengker) -
                                           Out                                                                                  Psikolog Klinis &
                                                                                                                                Founder Amanasa
                                                                                                                                Indonesia | Clinical
                                                                                                                                Psychologist
                                                                                                                                & Founder
                                                                                                                                of Amanasa
                                                                                                                                Indonesia"

                                           Virtual Zoom Event: 5 Ways to Thrive in an AIReady          23 April 2025           LinkedIn Learning
                                           Future with LinkedIn Learning                                April 23, 2025


                                           Webinar Wellbeing "Strategi Investasi Emas Tanpa             24 April 2025           PT Bank Syariah
                                           Cemas”                                                       April 24, 2025          Indonesia
                                           Wellbeing Webinar "Strategies for Worry-Free Gold
                                           Investment”

                                           Kartiniʼs Legacy: Langkah Perempuan Sebagai Change           28 April 2025           Retno Marsudi -
                                           Agents di Era Modern                                         April 28, 2025          Menteri Luar Negeri
                                           Kartini's Legacy: Women as Agents of Change in the                                   RI (2014-2024) |
                                           Modern Era                                                                           Former Minister
                                                                                                                                of Foreign Affairs
                                                                                                                                of the Republic
                                                                                                                                of Indonesia
                                                                                                                                (2014-2024)

                                           Pelatihan Certificate in Data Analytics (CertDA)             02 Agustus 2025         Ikatan Akuntansi
                                           Certificate in Data Analytics (CertDA) Training              August 2, 2025          Indonesia (IAI)
                                                                                                                                Indonesian
                                                                                                                                Accountants
                                                                                                                                Association (IAI)

                                           Pelatihan Konsep Dasar dan Penting nya Sistem                04 Agustus 2025         Agus Doddy S.Kom,
                                           Manajemen Kelangsungan Usaha berdasar ISO                    August 4, 2025          AMBCI, LA ISO
                                           22301:2019                                                                           BCMS - Chairman
                                           Training on the Basic Concepts and Importance of                                     BCM Forum
                                           Business Continuity Management Systems based on                                      Indonesia & Senior
                                           ISO 22301:2019                                                                       Consultant JPM &
                                                                                                                                Partners

                                           Pelatihan Toll Road Business Management - Insight            20 Agustus 2025         Himpunan
                                           Talk dengan topik "Menguatkan Pilar Ekonomi Lewat            August 20, 2025"        Pengembangan
                                           Infrastruktur: Membangun Bisnis Jalan Tol Tangguh di                                 Jalan Indonesia
                                           Masa Volatilitas Perekonomian” Kolaborasi Jasa Marga                                 (HPJI)
                                           dan HPJI                                                                             Indonesian Road
                                           Toll Road Business Management Training - Insight Talk                                Developers
                                           on the topic "Strengthening Economic Pillars Through                                 Association
                                           Infrastructure: Building a Resilient Toll Road Business                              (HPJI)"
                                           in Times of Economic Volatility" Collaboration between
                                           Jasa Marga and HPJI

                                           Leveraging Digital Innovation to Amplify Customer            30 September 2025 Didiek Hartantyo
                                           Experience                                                   September 30, 2025 - Direktur Utama
                                                                                                                           PT Kereta
                                                                                                                           Api Indonesia
                                                                                                                           (Persero) |
                                                                                                                           President Director
                                                                                                                           of PT Kereta
                                                                                                                           Api Indonesia
                                                                                                                           (Persero)"

                                           Workshop Sistem Pengendalian Internal (SPIN)                 21 Oktober 2025         PT Jasa Marga
                                           Internal Control System (SPIN) Worksop"                      October 21, 2025        (Persero) Tbk




232                                                                              Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 233
06                                 07                                     08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Unit Internal Audit
Table of the Internal Audit Unit Competency Development


                                                                                                                Waktu
      Nama                  Jabatan          Materi Pengembangan Kompetensi/Pelatihan                        Pelaksanaan      Penyelenggara
      Name                  Position         Subject of Competency Development/Training                     Implementation      Organizer
                                                                                                                 Date
 Corry Annelia       Internal Audit        Sosialisasi Sistem Pemgendalian Internal (SPIN)                27 Oktober 2025     PT Jasa Marga
 Poundti H.          Planning &            Internal Control System (SPIN) Socialization                   October 27, 2025    (Persero) Tbk
                     Execution Senior
                                           Pelatihan dan Sertifikasi Qualified Internal Auditor (QIA)     01 Desember 2025    Yayasan
                     Specialist
                                           Tingkat Dasar                                                  December 1, 2025    Pendidikan
                                           Basic Level Qualified Internal Auditor (QIA) Training and                          Internal Audit
                                           Certification"                                                                     (YPIA)
                                                                                                                              Internal Audit
                                                                                                                              Education
                                                                                                                              Foundation
                                                                                                                              (YPIA)"

                                           Pelatihan Internal Control over Financial Reporting            08 Desember 2025    PT Prima Wahana
                                           (ICoFR) - Test of Design Effectiveness (TOD) dan Test          December 8, 2025    Caraka (PWC)
                                           of Operationg Effectiveness (TOE)
                                           Internal Control over Financial Reporting (ICoFR)
                                           Training - Test of Design Effectiveness (TOD) and Test
                                           of Operational Effectiveness (TOE)

                                           Workshop ICOFR: Metodologi dan Praktik Test of Design          18 Desember 2025    Ernst & Young
                                           Effectiveness (TOD) dan Test of Operating Effectiveness        December 18, 2025
                                           (TOE)
                                           ICOFR Workshop: Methodology and Practice of Test
                                           of Design Effectiveness (TOD) and Test of Operating
                                           Effectiveness (TOE)

 Aulia Rahmi         Internal Audit        Pelatihan Pengisian dan Pelaporan SPT Orang Pribadi            19 Februari 2025    PT Ortax
 Halida              Monitoring &          Karyawan PT Jasa Marga (Persero) Tbk                           February 19, 2025
                     Operational           Training on Filling Out and Reporting Personal Income
                     Senior Specialist     Tax Returns for Employees of PT Jasa Marga (Persero)
                                           Tbk

                                           [Directorship] Pengenalan Strategis Merger & Acquisition       10 Maret 2025       PT Prima Wahana
                                           [Directorship] Strategic Introduction to Mergers &             March 10, 2025      Caraka (PWC)
                                           Acquisitions

                                           Webinar Employee Well Being Series_“Smart Working,             20 Maret 2025       Alsi Mega Marsha
                                           Not Overworking: Cara Produktif Tanpa Harus Burn Out”          March 20, 2025      Tengker B.A, M.
                                           Webinar: Employee Well-Being Series – “Smart Working,                              Sc., M. Psi., (Caca
                                           Not Overworking: How to Be Productive Without Burning                              Tengker) - Psikolog
                                           Out”                                                                               Klinis & Founder
                                                                                                                              Amanasa Indonesia
                                                                                                                              | Clinical
                                                                                                                              Psychologist
                                                                                                                              & Founder of
                                                                                                                              Amanasa Indonesia

                                           Pelatihan ISO 37001:2016 Anti Bribery Management               24 April 2025       PT TUV SUD
                                           System SMAP (Sistem Manajemen Anti Suap)                       April 24, 2025      Indonesia
                                           ISO 37001:2016 Anti-Bribery Management System
                                           (SMAP) Training

                                           Sertifikasi PPP APMG (CP3P) Level Foundation                   06 Mei 2025         PT PII Penjaminan
                                           PPP APMG CP3P Level Foundation Certification                 May 6, 2025         & Infrastruktur

                                           Pelatihan dan Sertifikasi Qualified Auditor (QIA) tingkat      16 Juni 2025        Yayasan
                                           Dasar                                                          June 16, 2025       Pendidikan Internal
                                           Qualified Internal Auditor (QIA) Basic Level Training and                          Audit (YPIA)
                                           Certification                                                                      Internal Audit
                                                                                                                              Education
                                                                                                                              Foundation (YPIA)

                                           Pelatihan & Sertifikasi Qualified Internal Auditor (QIA)       20 Oktober 2025     Yayasan
                                           Tingkat Lanjutan                                               October 20, 2025    Pendidikan Internal
                                           QIA Advanced Level Training and Certification                                      Audit (YPIA)
                                                                                                                              Internal Audit
                                                                                                                              Education
                                                                                                                              Foundation (YPIA)

                                           Workshop Pelaksanaan Control Self Assessment (CSA)             31 Oktober 2025     PT Jasa Marga
                                           Segmen ITGC                                                    October 31, 2025    (Persero) Tbk
                                           Workshop on the Implementation of Control Self-
                                           Assessment (CSA) in the ITGC Segment




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                        233
Page 234
01                                02                       03                      04                                         05
Ikhtisar Kinerja Utama            Laporan Manajemen        Profil Perusahaan        Analisa dan Pembahasan Manajemen           Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report        Company Profile          Management Discussion and Analysis         Business Support Functions




Tabel Pengembangan Kompetensi Unit Internal Audit
Table of the Internal Audit Unit Competency Development


                                                                                                              Waktu
       Nama                  Jabatan         Materi Pengembangan Kompetensi/Pelatihan                      Pelaksanaan           Penyelenggara
       Name                  Position        Subject of Competency Development/Training                   Implementation           Organizer
                                                                                                               Date
 Aulia Rahmi           Internal Audit      Pelatihan Internal Control over Financial Reporting           08 Desember 2025        PT Prima Wahana
 Halida                Monitoring &        (ICoFR) - Test of Design Effectiveness (TOD) dan Test         December 8, 2025        Caraka (PWC)
                       Operational         of Operationg Effectiveness (TOE)
                       Senior Specialist   Internal Control over Financial Reporting (ICoFR)
                                           Training - Design Effectiveness Testing (TOD) and
                                           Operational Effectiveness Testing (TOE)

                                           Workshop ICOFR: Metodologi dan Praktik Test of Design         18 Desember 2025        Ernst & Young
                                           Effectiveness (TOD) dan Test of Operating Effectiveness       December 18, 2025
                                           (TOE)
                                           ICOFR Workshop: Methodology and Practice of Test
                                           of Design Effectiveness (TOD) and Test of Operating
                                           Effectiveness (TOE)

 Alif Aditya           Internal Audit      [Directorship] Pengenalan Strategis Merger & Acquisition      10 Maret 2025           PT Prima Wahana
 Suwandaru             Planning &          [Directorship] Strategic Introduction to Mergers &            March 10, 2025          Caraka (PWC)
                       Execution Senior    Acquisitions
                       Specialist
                                           JM Talk Operational Services Series 10: Enhancing             11 Juli 2025            PT Jasa Marga
                                           Tollroad Longevity through Effective Drainage                 July 11, 2025           (Persero) Tbk
                                           Management

                                           Workshop Pelaksanaan Control Self Assessment (CSA)            31 Oktober 2025         PT Jasa Marga
                                           Segmen ITGC                                                   October 31, 2025        (Persero) Tbk
                                           Workshop on the Implementation of Control Self-
                                           Assessment (CSA) in the ITGC Segment

                                           Pelatihan Internal Control over Financial Reporting           08 December 2025        PT Prima Wahana
                                           (ICoFR) - Test of Design Effectiveness (TOD) dan Test         December 8, 2025        Caraka (PWC)
                                           of Operationg Effectiveness (TOE)
                                           Internal Control over Financial Reporting (ICoFR)
                                           Training - Design Effectiveness Testing (TOD) and
                                           Operational Effectiveness Testing (TOE)

                                           Workshop ICOFR: Metodologi dan Praktik Test of Design         18 Desember 2025        Ernst & Young
                                           Effectiveness (TOD) dan Test of Operating Effectiveness       December 18, 2025
                                           (TOE)
                                           ICOFR Workshop: Methodology and Practice of Test
                                           of Design Effectiveness (TOD) and Test of Operating
                                           Effectiveness (TOE)

 Ajeng Amanda          Auditor             Seminar Bulan K3 Nasional Tahun 2025 PT Jasa Marga            11 Februari 2025        dr Andhika
 Pratiwi                                   (Persero) Tbk                                                 February 11, 2025       Raspati,SpKO
                                           National OHS Month Seminar of 2025 in PT Jasa Marga
                                           (Persero) Tbk
                                           Pelatihan Internal Control Over Financial Reporting           18 Maret 2025           Ikatan Akuntansi
                                           (ICOFR)                                                       March 18, 2025          Indonesia (IAI)
                                           Internal Control Over Financial Reporting (ICOFR) Training                            Indonesian
                                                                                                                                 Accountants
                                                                                                                                 Association (IAI)
                                           Webinar Employee Well Being Series “Smart Working,            20 Maret 2025           Alsi Mega Marsha
                                           Not Overworking: Cara Produktif Tanpa Harus Burn Out”         March 20, 2025          Tengker B.A,
                                           Webinar: Employee Well-Being Series – “Smart Working,                                 M. Sc., M. Psi.,
                                           Not Overworking: How to Be Productive Without Burning                                 (Caca Tengker) -
                                           Out”                                                                                  Psikolog Klinis &
                                                                                                                                 Founder Amanasa
                                                                                                                                 Indonesia | Clinical
                                                                                                                                 Psychologist
                                                                                                                                 & Founder of
                                                                                                                                 Amanasa Indonesia
                                           Kick Off dan Workshop "Desain dan Implementasi                14 April 2025           Ernst & Young
                                           Internal Control Over Financial Reporting (ICOFR)             April 14, 2025
                                           PT Jasa Marga (Persero) Tbk"
                                           Kick-off and Workshop on “Design and Implementation
                                           of Internal Control over Financial Reporting (ICOFR) at
                                           PT Jasa Marga (Persero) Tbk”




234                                                                               Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 235
06                                 07                                     08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Unit Internal Audit
Table of the Internal Audit Unit Competency Development


                                                                                                                Waktu
      Nama                  Jabatan          Materi Pengembangan Kompetensi/Pelatihan                        Pelaksanaan       Penyelenggara
      Name                  Position         Subject of Competency Development/Training                     Implementation       Organizer
                                                                                                                 Date
 Ajeng Amanda        Auditor               “Kartiniʼs Legacy: Langkah Perempuan Sebagai Change            28 April 2025        Retno Marsudi -
 Pratiwi                                   Agents di Era Modern”                                          April 28, 2025       Menteri Luar Negeri
                                           “Kartini’s Legacy: Women as Change Agents in the                                    RI (2014-2024)
                                           Modern Era”                                                                         | Minister of
                                                                                                                               Foreign Affairs of
                                                                                                                               the Republic of
                                                                                                                               Indonesia
                                                                                                                               (2014-2024)
                                           Webinar Wellbeing "Strategi Investasi Emas Tanpa               24 April 2025        PT Bank Syariah
                                           Cemas”                                                         April 24, 2025       Indonesia
                                           Wellbeing Webinar “Strategies for Worry-Free Gold
                                           Investment”
                                           Konferensi Auditor Internal "Shifting Horizon for Internal     02 Juli 2025         Yayasan
                                           Auditors: Navigating Emerging Risk, Governance and             July 2, 2025         Pendidikan Internal
                                           Opportunities in 2025"                                                              Audit (YPIA)
                                           Internal Auditor Conference “Shifting Horizon for Internal                          Internal Audit
                                           Auditors: Navigating Emerging Risks, Governance, and                                Education
                                           Opportunities in 2025”                                                              Foundation (YPIA)
                                           Pelatihan Risk Maturity Index (RMI)                            09 Juli 2025         RWI Consulting
                                           Risk Maturity Index (RMI) Training                             July 9, 2025
                                           Pelatihan Toll Road Business Management - Insight          20 Agustus 2025          Himpunan
                                           Talk dengan topik "Menguatkan Pilar Ekonomi Lewat          August 20, 2025          Pengembangan
                                           Infrastruktur: Membangun Bisnis Jalan Tol Tangguh di                                Jalan Indonesia
                                           Masa Volatilitas Perekonomian” Kolaborasi Jasa Marga                                (HPJI)
                                           dan HPJI                                                                            Indonesian Road
                                           Toll Road Business Management Training - Insight Talk                               Developers
                                           on the topic “Strengthening Economic Pillars Through                                Association (HPJI)
                                           Infrastructure: Building a Resilient Toll Road Business in
                                           Times of Economic Volatility” Collaboration between Jasa
                                           Marga and HPJI
                                           Leveraging Digital Innovation to Amplify Customer              30 September 2025    Didiek Hartantyo
                                           Experience                                                     September 30, 2025   - Direktur Utama |
                                                                                                                               President Director
                                                                                                                               of PT Kereta Api
                                                                                                                               Indonesia (Persero)
                                           Pelatihan Internal Control over Financial Reporting            8 Desember 2025      PT Prima Wahana
                                           ICoFR - Test of Design Effectiveness TOD dan Test          December 8, 2025     Caraka (PWC)
                                           of Operationg Effectiveness TOE
                                           Internal Control over Financial Reporting (ICoFR)
                                           Training - Design Effectiveness Testing (TOD) and
                                           Operational Effectiveness Testing (TOE)
                                           Workshop ICOFR: Metodologi dan Praktik Test of Design          18 Desember 2025     Ernst & Young
                                           Effectiveness (TOD) dan Test of Operating Effectiveness        December 18, 2025
                                           (TOE)
                                           ICOFR Workshop: Methodology and Practice of Test
                                           of Design Effectiveness (TOD) and Test of Operating
                                           Effectiveness (TOE)
 Saga Hayyu          Auditor               Towards Sustainable Future: Bank Mandiriʼs                     14 Januari 2025      PT Bank Mandiri
 Suyanto                                   Commitment to Positive Change                                  January 14, 2025     (Persero) Tbk

                                           [Directorship] Pengenalan Strategis Merger &                   10 Maret 2025        PT Prima Wahana
                                           Acquisition                                                    March 10, 2025       Caraka (PWC)
                                           [Directorship] Strategic Introduction to Mergers &
                                           Acquisitions

                                           Sosialisasi UU BUMN No. 1 Tahun 2025                           14 Maret 2025        UMBRA Strategic
                                           Socialization of SOE Law No. 1 of 2025                         March 14, 2025       Legal Solutions
                                           Kick Off dan Workshop "Desain dan Implementasi                 14 April 2025        Ernst & Young
                                           Internal Control Over Financial Reporting (ICOFR)              April 14, 2025
                                           PT Jasa Marga (Persero) Tbk"
                                           Kick-off and Workshop on “Design and Implementation
                                           of Internal Control Over Financial Reporting (ICOFR) at
                                           PT Jasa Marga (Persero) Tbk”




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                        235
Page 236
01                                02                       03                      04                                         05
Ikhtisar Kinerja Utama            Laporan Manajemen        Profil Perusahaan        Analisa dan Pembahasan Manajemen           Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report        Company Profile          Management Discussion and Analysis         Business Support Functions




Tabel Pengembangan Kompetensi Unit Internal Audit
Table of the Internal Audit Unit Competency Development


                                                                                                              Waktu
       Nama                  Jabatan         Materi Pengembangan Kompetensi/Pelatihan                      Pelaksanaan           Penyelenggara
       Name                  Position        Subject of Competency Development/Training                   Implementation           Organizer
                                                                                                               Date
 Saga Hayyu            Auditor             “Kartiniʼs Legacy: Langkah Perempuan Sebagai Change           28 April 2025           Retno Marsudi -
 Suyanto                                   Agents di Era Modern”                                         April 28, 2025          Menteri Luar Negeri
                                           “Kartini’s Legacy: Women as Change Agents in the                                      RI (2014-2024) |
                                           Modern Era”                                                                           Minister of Foreign
                                                                                                                                 Affairs of the
                                                                                                                                 RepublicofIndonesia
                                                                                                                                 (2014-2024)
                                           Webinar Wellbeing "Strategi Investasi Emas Tanpa              24 April 2025           PT Bank Syariah
                                           Cemas”                                                        April 24, 2025          Indonesia
                                           Wellbeing Webinar “Strategies for Worry-Free Gold
                                           Investment”
                                           Sertifikasi Qualified Internal Auditor (QIA) Tingkat Dasar    05 Mei 2025             Yayasan Pendidikan
                                           Qualified Internal Auditor (QIA) Basic Level Certification    May 5, 2025             Internal Audit (YPIA)
                                                                                                                                 Internal Audit
                                                                                                                                 Education
                                                                                                                                 Foundation (YPIA)
                                           Pelatihan dan Sertifikasi QIA Tingkat Lanjutan                02 Juni 2025            Yayasan Pendidikan
                                           QIA Advanced Level Training and Certification                 June 2, 2025            Internal Audit (YPIA)
                                                                                                                                 Internal Audit
                                                                                                                                 Education
                                                                                                                                 Foundation (YPIA)
                                           Pelatihan Risk Maturity Index (RMI)                           09 Juli 2025            RWI consulting
                                           Risk Maturity Index (RMI) Training                            July 9, 2025
                                           Pelatihan dan Sertifikasi Qualified Internal Auditor (QIA)    28 Juli 2025            PT Jasa Marga
                                           tingkat Manajerial                                            July 28, 2025           (Persero) Tbk
                                           Qualified Internal Auditor (QIA) Training and Certification
                                           for Managerial Level
                                           Leveraging Digital Innovation to Amplify Customer             30 September            Didiek Hartantyo
                                           Experience                                                    2025                    - Direktur Utama |
                                                                                                         September 30,           President Director
                                                                                                         2025                    of PT Kereta Api
                                                                                                                                 Indonesia (Persero)
                                           Workshop Sistem Pengendalian Internal (SPIN)                  21 Oktober 2025         PT Jasa Marga
                                           Internal Control System (SPIN) Workshop                       October 21, 2025        (Persero) Tbk

                                           Sosialisasi Sistem Pengendalian Internal (SPIN)               27 Oktober 2025         PT Jasa Marga
                                           Socialisation of the Internal Control System (SPIN)           October 27, 2025        (Persero) Tbk

                                           Pelatihan dan Sertifikasi Certified Risk Professional         28 Oktober 2025         Smart Indonesia
                                           CRP                                                         October 28, 2025        Academy
                                           Certified Risk Professional (CRP) Training and
                                           Certification
                                           Seminar Nasional Internal Audit (SNIA) 2025 “Whatʼs           03 Desember 2025        Yayasan
                                           Driving Change to Stay Ahead of The Curve for Internal        December 3, 2025        Pendidikan Internal
                                           Auditors in The Coming Years?”                                                        Audit (YPIA)
                                           National Internal Audit Seminar (SNIA) 2025 “What                                     Internal Audit
                                           Drives Change to Stay Ahead of the Curve for Internal                                 Education
                                           Auditors in the Coming Years?”                                                        Foundation (YPIA)
                                           Pelatihan Internal Control over Financial Reporting           08 Desember 2025        PT Prima Wahana
                                           (ICoFR) - Test of Design Effectiveness (TOD) dan Test         December 8, 2025        Caraka (PWC)
                                           of Operationg Effectiveness (TOE)
                                           Internal Control over Financial Reporting (ICoFR)
                                           Training - Design Effectiveness Testing (TOD) and
                                           Operational Effectiveness Testing (TOE)
                                           Workshop ICOFR: Metodologi dan Praktik Test of                18 Desember 2025        Ernst & Young
                                           Design Effectiveness (TOD) dan Test of Operating              December 18, 2025
                                           Effectiveness (TOE)
                                           ICOFR Workshop: Methodology and Practice of Test
                                           of Design Effectiveness (TOD) and Test of Operating
                                           Effectiveness (TOE)s




236                                                                               Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 237
06                                 07                                     08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Unit Internal Audit
Table of the Internal Audit Unit Competency Development


                                                                                                                Waktu
      Nama                  Jabatan          Materi Pengembangan Kompetensi/Pelatihan                        Pelaksanaan      Penyelenggara
      Name                  Position         Subject of Competency Development/Training                     Implementation      Organizer
                                                                                                                 Date
 F. Willys Hendra    Auditor               Sertifikasi QIA Kelas Reguler Tingkat Dasar                    06 Januari 2025     Yayasan
 Prasetya                                  QIA Certification Basic Level – Regular Class                  January 6, 2025     Pendidikan Internal
                                                                                                                              Audit (YPIA)
                                                                                                                              Internal Audit
                                                                                                                              Education
                                                                                                                              Foundation (YPIA)

                                           Sertifikasi Qualified Internal Auditor (QIA) Tingkat           17 Februari 2025    Yayasan
                                           Lanjutan                                                       February 17, 2025   Pendidikan Internal
                                           Qualified Internal Auditor (QIA) Advanced Level                                    Audit (YPIA)
                                           Certification                                                                      Internal Audit
                                                                                                                              Education
                                                                                                                              Foundation (YPIA)

                                           [Directorship] Pengenalan Strategis Merger &                   10 Maret 2025       PT Prima Wahana
                                           Acquisition                                                    March 10, 2025      Caraka (PWC)
                                           [Directorship] Strategic Introduction to Mergers &
                                           Acquisitions

                                           Pelatihan Internal Control Over Financial Reporting            18 Maret 2025       Ikatan Akuntansi
                                           (ICOFR)                                                        March 18, 2025      Indonesia (IAI)
                                           Internal Control Over Financial Reporting (ICOFR) Training                         Indonesian
                                                                                                                              Accountants
                                                                                                                              Association (IAI)

                                           Workshop Implementasi Internal Control Over Financial          07 Mei 2025         The Institute of
                                           Reporting (ICOFR)                                              May 7, 2025         Internal Auditors
                                           Workshop on the Implementation of Internal Control                                 Indonesia (IIA)
                                           Over Financial Reporting (ICOFR)

                                           Sertifikasi Qualified Internal Auditor (QIA) Tingkat          19 Mei 2025          Yayasan
                                           Manajerial                                                    May 19, 2025         Pendidikan Internal
                                           Qualified Internal Auditor (QIA) Certification for Managerial                      Audit (YPIA)
                                           Level

                                           Konferensi Auditor Internal "Shifting Horizon for Internal     02 Juli 2025        Yayasan
                                           Auditors: Navigating Emerging Risk, Governance and             July 2, 2025        Pendidikan Internal
                                           Opportunities in 2025"                                                             Audit (YPIA)
                                           Internal Auditor Conference “Shifting Horizon for Internal                         Internal Audit
                                           Auditors: Navigating Emerging Risks, Governance, and                               Education
                                           Opportunities in 2025”                                                             Foundation (YPIA)

                                           Leveraging Digital Innovation to Amplify Customer              30 September        Didiek Hartantyo
                                           Experience                                                     2025                - Direktur Utama |
                                                                                                          September 30,       President Director
                                                                                                          2025                of PT Kereta Api
                                                                                                                              Indonesia (Persero)

                                           Pelatihan Certified Information System Auditor (CISA)          20 Oktober 2025     PT Jasa Marga
                                           Certified Information Systems Auditor (CISA) Training          October 20, 2025    (Persero) Tbk

                                           Workshop Sistem Pengendalian Internal (SPIN)                   21 Oktober 2025     PT Jasa Marga
                                           Internal Control System (SPIN) Workshop                        October 21, 2025    (Persero) Tbk

                                           Sosialisasi Sistem Pengendalian Internal (SPIN)                27 Oktober 2025     PT Jasa Marga
                                           Socialisation of the Internal Control System (SPIN)            October 27, 2025    (Persero) Tbk

                                           Pelatihan dan Sertifikasi Certified Risk Professional          28 Oktober 2025     Smart Indonesia
                                           (CRP)                                                          October 28, 2025    Academy
                                           Certified Risk Professional (CRP) Training and
                                           Certification

                                           Workshop Pelaksanaan Control Self Assessment (CSA)             31 Oktober 2025     PT Jasa Marga
                                           Segmen ITGC                                                    October 31, 2025    (Persero) Tbk
                                           Workshop on the Implementation of Control Self-
                                           Assessment (CSA) in the ITGC Segment

                                           Pelatihan Internal Control over Financial Reporting            08 Desember 2025    PT Prima Wahana
                                           (ICoFR) - Test of Design Effectiveness (TOD) dan Test          December 8, 2025    Caraka (PWC)
                                           of Operationg Effectiveness (TOE)
                                           Internal Control over Financial Reporting (ICoFR)
                                           Training - Design Effectiveness Testing (TOD) and
                                           Operational Effectiveness Testing (TOE)

                                           Fostering Global Business Awareness and Insight                16 Desember 2025    SBM ITB
                                                                                                          December 16, 2025



PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                        237
Page 238
01                                 02                        03                      04                                         05
Ikhtisar Kinerja Utama             Laporan Manajemen         Profil Perusahaan        Analisa dan Pembahasan Manajemen           Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report         Company Profile          Management Discussion and Analysis         Business Support Functions




Tabel Pengembangan Kompetensi Unit Internal Audit
Table of the Internal Audit Unit Competency Development


                                                                                                                Waktu
       Nama                  Jabatan          Materi Pengembangan Kompetensi/Pelatihan                       Pelaksanaan           Penyelenggara
       Name                  Position         Subject of Competency Development/Training                    Implementation           Organizer
                                                                                                                 Date
 F. Willys Hendra      Auditor              Workshop ICOFR: Metodologi dan Praktik Test of Design          18 Desember 2025        Ernst & Young
 Prasetya                                   Effectiveness (TOD) dan Test of Operating Effectiveness        December 18, 2025
                                            (TOE)
                                            ICOFR Workshop: Methodology and Practice of Test
                                            of Design Effectiveness (TOD) and Test of Operating
                                            Effectiveness (TOE)

 Indri Astuti          Quality              Sertifikasi QIA Kelas Reguler Tingkat Dasar                    06 Januari 2025         Yayasan Pendidikan
                       Assurance            QIA Certification Basic Level – Regular Class                  January 6, 2025         Internal Audit (YPIA)
                                                                                                                                   Internal Audit
                                                                                                                                   Education
                                                                                                                                   Foundation (YPIA)

                                            Seminar Bulan K3 Nasional Tahun 2025 PT Jasa Marga             11 Februari 2025        dr Andhika
                                            (Persero) Tbk                                                  February 11, 2025       Raspati, SpKO
                                            National OHS Month Seminar of 2025 in PT Jasa Marga
                                            (Persero) Tbk

                                            Sertifikasi Qualified Internal Auditor (QIA) Tingkat           17 Februari 2025        Yayasan
                                            Lanjutan                                                       February 17, 2025       Pendidikan Internal
                                            Qualified Internal Auditor (QIA) Advanced Level                                        Audit (YPIA)
                                            Certification                                                                          Internal Audit
                                                                                                                                   Education
                                                                                                                                   Foundation (YPIA)

                                            Pelatihan Pengisian dan Pelaporan SPT Orang Pribadi            19 Februari 2025        PT Ortax
                                            Karyawan PT Jasa Marga (Persero) Tbk                           February 19, 2025
                                            Training on Filling Out and Reporting Personal Income Tax
                                            Returns for Employees of PT Jasa Marga (Persero) Tbk

                                            [Directorship] Pengenalan Strategis Merger &                   10 Maret 2025           PT Prima Wahana
                                            Acquisition                                                    March 10, 2025          Caraka (PWC)
                                            [Directorship] Strategic Introduction to Mergers &
                                            Acquisitions

                                            Kick Off dan Workshop "Desain dan Implementasi                 14 April 2025           Ernst & Young
                                            Internal Control Over Financial Reporting                      April 14, 2025
                                            (ICOFR) PT Jasa Marga (Persero) Tbk"
                                            Kick-off and Workshop on “Design and Implementation
                                            of Internal Control over Financial Reporting (ICOFR) at
                                            PT Jasa Marga (Persero) Tbk”

                                            Pelatihan ISO 37001:2016 Anti Bribery Management               24 April 2025           PT TUV SUD
                                            System SMAP (Sistem Manajemen Anti Suap)                       April 24, 2025          Indonesia
                                            ISO 37001:2016 Anti-Bribery Management System
                                            (SMAP) Training

                                            Sertifikasi Qualified Internal Auditor (QIA) Tingkat           19 Mei 2025             Yayasan
                                            Manajerial                                                     May 19, 2025            Pendidikan
                                            Qualified Internal Auditor (QIA) Certification for                                     Internal Audit
                                            Managerial Level                                                                       (YPIA)
                                                                                                                                   Internal Audit
                                                                                                                                   Education
                                                                                                                                   Foundation (YPIA)

                                            Pelatihan Agreed-Upon Procedures (AUP) Kualitas                18 Juni 2025            Harry Mulyadi
                                            Penerapan Manajemen Risiko                                     June 18, 2025
                                            Agreed-Upon Procedures (AUP) Training on the Quality
                                            of Risk Management Implementation

                                            Konferensi Auditor Internal "Shifting Horizon for Internal     02 Juli 2025            Yayasan
                                            Auditors: Navigating Emerging Risk, Governance and             July 2, 2025            Pendidikan Internal
                                            Opportunities in 2025"                                                                 Audit (YPIA)
                                            Internal Auditor Conference “Shifting Horizon for Internal                             Internal Audit
                                            Auditors: Navigating Emerging Risks, Governance, and                                   Education
                                            Opportunities in 2025”                                                                 Foundation (YPIA)

                                            Pelatihan Risk Maturity Index (RMI)                            09 Juli 2025            RWI Consulting
                                            Risk Maturity Index (RMI) Training                             July 9, 2025

                                            Leveraging Digital Innovation to Amplify Customer              30 September 2025 Didiek Hartantyo
                                            Experience                                                     September 30, 2025 - Direktur Utama |
                                                                                                                              President Director
                                                                                                                              of PT Kereta Api
                                                                                                                              Indonesia (Persero)




238                                                                                 Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 239
06                                 07                                    08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Unit Internal Audit
Table of the Internal Audit Unit Competency Development


                                                                                                               Waktu
      Nama                  Jabatan          Materi Pengembangan Kompetensi/Pelatihan                       Pelaksanaan      Penyelenggara
      Name                  Position         Subject of Competency Development/Training                    Implementation      Organizer
                                                                                                                Date
 Indri Astuti        Quality               Workshop Sistem Pengendalian Internal (SPIN)                  21 Oktober 2025     PT Jasa Marga
                     Assurance             Internal Control System (SPIN) Workshop                       October 21, 2025    (Persero) Tbk

                                           Sosialisasi Sistem Pengendalian Internal (SPIN)               27 Oktober 2025     PT Jasa Marga
                                           Socialisation of the Internal Control System (SPIN)           October 27, 2025    (Persero) Tbk

                                           Pelatihan Internal Control over Financial Reporting           8 Desember 2025     PT Prima Wahana
                                           (ICoFR) - Test of Design Effectiveness (TOD) dan Test         December 8, 2025    Caraka (PWC)
                                           of Operationg Effectiveness (TOE)
                                           Internal Control over Financial Reporting (ICoFR)
                                           Training - Design Effectiveness Testing (TOD) and
                                           Operational Effectiveness Testing (TOE)

                                           Workshop ICOFR: Metodologi dan Praktik Test of Design         18 Desember 2025    Ernst & Young
                                           Effectiveness (TOD) dan Test of Operating Effectiveness       December 18, 2025
                                           (TOE)
                                           ICOFR Workshop: Methodology and Practice of Test
                                           of Design Effectiveness (TOD) and Test of Operating
                                           Effectiveness (TOE)

 Iwan Setianto       Internal Audit        Webinar Employee Well Being Series_“Smart Working,            20 Maret 2025       Alsi Mega Marsha
                     Planning &            Not Overworking: Cara Produktif Tanpa Harus Burn Out”         March 20, 2025      Tengker B.A,
                     Execution             Webinar: Employee Well-Being Series – “Smart Working,                             M. Sc., M. Psi.,
                     Specialist            Not Overworking: How to Be Productive Without Burning                             (Caca Tengker) -
                                           Out”                                                                              Psikolog Klinis &
                                                                                                                             Founder Amanasa
                                                                                                                             Indonesia | Clinical
                                                                                                                             Psychologist
                                                                                                                             & Founder of
                                                                                                                             Amanasa Indonesia

                                           Pelatihan Penyusunan Dokumen Sistem Manajemen                 28 Agustus 2025     Agus Doddy
                                           Kelangsungan Usaha Berdasarkan ISO 22301:2019                 August 28, 2025     S.Kom, AMBCI, LA
                                           Training on the Development of Business Continuity                                ISO BCMS
                                           Management System Documentation Based on ISO
                                           22301:2019

                                           Leveraging Digital Innovation to Amplify Customer             30 September 2025 Didiek Hartantyo
                                           Experience                                                    September 30, 2025 - Direktur Utama |
                                                                                                                            President Director
                                                                                                                            PT Kereta Api
                                                                                                                            Indonesia (Persero)

                                           JM-TALK Business Support Series: Employee                     12 November 2025    Dr. Maharsi
                                           Engagement Survey - Bekerja Sepenuh Hati, Berdampak           November 12, 2025   Anindyajati,
                                           Memberi Arti                                                                      M.Psi., Psikolog –
                                           JM-TALK Business Support Series: Employee                                         Practitioner
                                           Engagement Survey - Bekerja Sepenuh Hati, Berdampak
                                           Memberi Arti

                                           Legal Summit: Peringatan Hakordia dan Seminar                 15 Desember 2025    • Yudi Purnomo
                                           Dampak UU KUHAP "Penegakan Tindak Pidana Korupsi              December 15, 2025     Harahap -
                                           Ditinjau dari Prinsip Bussiness Judgement Rule dan                                  Penyidik KPK |
                                           Pedoman Strategis Bagi Korporasi dalam Menghadapi                                   KPK investigator
                                           Implementasi UU KUHAP                                                             • M. Agus Salim -
                                           Implementation of the Criminal Procedure Code                                       Hakim Ad-Hoc
                                           Legal Summit: Hakordia Warning and Seminar on the                                   Tindak Pidana
                                           Impact of the Criminal Procedure Code “Enforcement                                  Korupsi | Ad
                                           of Corruption Crimes Reviewed from the Business                                     Hoc Judge for
                                           Judgement Rule Principle and Strategic Guidelines                                   Corruption
                                           for Corporations in Facing the Implementation of the                                Crimes
                                           Criminal Procedure Code                                                           • Bobby R.
                                                                                                                               Manalu - Siregar
                                                                                                                               Setiawan Manalu
                                                                                                                               Partnership

 Sriwahyuni          Internal Audit        Program Implementasi Nilai ESG: Meningkatkan                  21 Maret 2025       Kementerian
                     Monitoring &          Keberlanjutan Perusahaan Dengan Tanggung Jawab                March 21, 2025      BUMN
                     Operational           Sosial Lingkungan
                     Management            Program Implementasi Nilai ESG: Meningkatkan
                                           Keberlanjutan Perusahaan Dengan Tanggung Jawab
                     Specialist
                                           Sosial Lingkungan




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                       239
Page 240
01                                02                       03                     04                                         05
Ikhtisar Kinerja Utama            Laporan Manajemen        Profil Perusahaan       Analisa dan Pembahasan Manajemen           Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report        Company Profile         Management Discussion and Analysis         Business Support Functions




Tabel Pengembangan Kompetensi Unit Internal Audit
Table of the Internal Audit Unit Competency Development


                                                                                                             Waktu
       Nama                  Jabatan         Materi Pengembangan Kompetensi/Pelatihan                     Pelaksanaan           Penyelenggara
       Name                  Position        Subject of Competency Development/Training                  Implementation           Organizer
                                                                                                              Date
 Sriwahyuni            Internal Audit      “Kartiniʼs Legacy: Langkah Perempuan Sebagai Change          28 April 2025           Retno Marsudi -
                       Monitoring &        Agents di Era Modern”                                        April 28, 2025          Menteri Luar Negeri
                       Operational         “Kartini’s Legacy: Women as Change Agents in the                                     RI (2014-2024) |
                       Management          Modern Era”                                                                          Minister of Foreign
                                                                                                                                Affairs of the
                       Specialist
                                                                                                                                RepublicofIndonesia
                                                                                                                                (2014-2024)

                                           Internal Control Over Financial (ICOFR) Jasa Marga           03 Juni 2025            Ikatan Akuntansi
                                           Tahun 2025                                                   June 3, 2025            Indonesia (IAI)
                                           2025 Internal Control Over Financial (ICOFR) Jasa                                    Indonesian
                                           Marga                                                                                Accountants
                                                                                                                                Association (IAI)

                                           Pelatihan Admin Regulatory Compliance System (RCS)           04 September 2025 Hukum Online
                                           Training Users of the Regulatory Compliance System           September 4, 2025
                                           (RCS) Application

                                           Pelatihan & Sertifikasi Certified Procurement Officer        21 Oktober 2025         ICON Training
                                           (CPOf)                                                       October 21, 2025        Center
                                           Training & Certification of Certified Procurement Officer
                                           (CPOf)

                                           Workshop Pelaksanaan Control Self Assessment (CSA)           31 Oktober 2025         PT Jasa Marga
                                           Segmen ITGC                                                  October 31, 2025        (Persero) Tbk

                                           Pelatihan Junior Leadership 2025                             17 November 2025        APDC Indonesia
                                           Junior Leadership Training 2025                              November 17, 2025

                                           JM-TALK Business Support Series: Employee                    12 November 2025        Dr. Maharsi
                                           Engagement Survey - Bekerja Sepenuh Hati, Berdampak          November 12, 2025       Anindyajati,
                                           Memberi Arti                                                                         M.Psi., Psikolog –
                                           JM-TALK Business Support Series: Employee                                            Practitioner
                                           Engagement Survey - Bekerja Sepenuh Hati, Berdampak
                                           Memberi Arti

                                           Pelatihan Internal Control over Financial Reporting          08 Desember 2025        PT Prima Wahana
                                           (ICoFR) - Test of Design Effectiveness (TOD) dan Test        December 8, 2025        Caraka (PWC)
                                           of Operationg Effectiveness (TOE)
                                           Internal Control over Financial Reporting (ICoFR)
                                           Training - Test of Design Effectiveness (TOD) and Test
                                           of Operational Effectiveness (TOE)

                                           Training User Aplikasi Regulatory Compliance System          12 Desember 2025        Hukum Online
                                           (RCS)                                                        December 12, 2025
                                           Training for Regulatory Compliance System (RCS)
                                           Application Users

                                           Workshop ICOFR: Metodologi dan Praktik Test of Design        18 Desember 2025        Ernst & Young
                                           Effectiveness (TOD) dan Test of Operating Effectiveness      December 18, 2025
                                           (TOE)
                                           Internal Control over Financial Reporting (ICoFR)
                                           Training - Test of Design Effectiveness (TOD) and Test
                                           of Operational Effectiveness (TOE)

 Mochammad             Internal Audit      Pelatihan Pengisian dan Pelaporan SPT Orang Pribadi          19 Februari 2025        PT Ortax
 Mulyanto              Planning &          Karyawan PT Jasa Marga (Persero) Tbk                         February 19, 2025
                       Execution           Training on Filling Out and Reporting Personal Income Tax
                       Specialist          Returns for Employees of PT Jasa Marga (Persero) Tbk

                                           Pelatihan Internal Manajemen Resiko 2025 (Batch 2)           16 April 2025           PT Jasa Marga
                                           Internal Risk Management Training 2025 (Batch 2)             April 16, 2025          (Persero) Tbk

                                           Workshop Implementasi Internal Control Over Financial        07 Mei 2025             The Institute of
                                           Reporting (ICOFR)                                            May 7, 2025             Internal Auditors
                                           Workshop on the Implementation of Internal Control                                   Indonesia (IIA)
                                           Over Financial Reporting (ICOFR)

                                           Pelatihan Risk Maturity Index (RMI)                          09 Juli 2025            RWI Consulting
                                           Risk Maturity Index (RMI) Training                           July 9, 2025

                                           Workshop Offline Refreshment Training SAP Analytical         29 Juli 2025            IBM Indonesia
                                           Cloud (SAC)                                                  July 29, 2025




240                                                                              Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 241
06                                 07                                       08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengembangan Kompetensi Unit Internal Audit
Table of the Internal Audit Unit Competency Development


                                                                                                                  Waktu
      Nama                  Jabatan          Materi Pengembangan Kompetensi/Pelatihan                          Pelaksanaan      Penyelenggara
      Name                  Position         Subject of Competency Development/Training                       Implementation      Organizer
                                                                                                                   Date
 Mochammad           Internal Audit        Pelatihan Konsep Dasar dan Penting nya Sistem                    04 Agustus 2025     PT Jasa Marga
 Mulyanto            Planning &            Manajemen Kelangsungan Usaha berdasar ISO                        August 4, 2025      (Persero) Tbk
                     Execution             22301:2019
                     Specialist            Training on the Basic Concepts and Importance of
                                           Business Continuity Management Systems based on
                                           ISO 22301:2019

                                           Pelatihan dan Sertifikasi Certification In Audit                 19 Agustus 2025     Ikatan Komite
                                           Committee Practices (CACP) 2025                                  August 19, 2025     Audit Indonesia
                                           Training and Certification in Audit Committee Practices                              (IKAI)
                                           (CACP) 2025

                                           Workshop Sistem Pengendalian Internal (SPIN)                     21 Oktober 2025     PT Jasa Marga
                                           Internal Control System (SPIN) Workshop                          October 21, 2025    (Persero) Tbk

                                           Pelatihan Internal Control over Financial Reporting              8 Desember 2025     PT Prima Wahana
                                           (ICoFR) - Test of Design Effectiveness (TOD) dan Test            December 8, 2025    Caraka (PWC)
                                           of Operationg Effectiveness (TOE)
                                           Internal Control over Financial Reporting (ICoFR)
                                           Training - Design Effectiveness Testing (TOD) and
                                           Operational Effectiveness Testing (TOE)

                                           Training User Aplikasi Regulatory Compliance System              11 Desember 2025    Hukum Online
                                           (RCS)                                                            December 11, 2025
                                           Training for Regulatory Compliance System (RCS)
                                           Application Users

                                           Workshop ICOFR: Metodologi dan Praktik Test of Design            18 Desember 2025    Ernst & Young
                                           Effectiveness (TOD) dan Test of Operating Effectiveness          December 18, 2025
                                           (TOE)
                                           ICOFR Workshop: Methodology and Practice of Test
                                           of Design Effectiveness (TOD) and Test of Operating
                                           Effectiveness (TOE)

 Boyke Jaguar        Internal Audit        Sertifikasi QIA Kelas Reguler Tingkat Lanjutan                   06 Januari 2025     Yayasan
                     Monitoring &          QIA Advanced Level Certification – Regular Class                 January 6, 2025     Pendidikan Internal
                     Operational                                                                                                Audit (YPIA)
                     Management                                                                                                 Internal Audit
                     Senior Officer                                                                                             Education
                                                                                                                                Foundation (YPIA)

                                           Seminar Bulan K3 Nasional Tahun 2025 PT Jasa Marga               11 Februari 2025    dr Andhika
                                           (Persero) Tbk                                                    February 11, 2025   Raspati,SpKO
                                           National OHS Month Seminar of 2025 in PT Jasa Marga
                                           (Persero) Tbk

                                           Webinar Wellbeing "Strategi Investasi Emas Tanpa Cemas” 24 April 2025                PT Bank Syariah
                                           Wellbeing Webinar “Strategies for Worry-Free Gold       April 24, 2025               Indonesia
                                           Investment”

                                           Sertifikasi Qualified Internal Auditor (QIA) Tingkat             19 Mei 2025         Yayasan Pendidikan
                                           Manajerial                                                       May 19, 2025        Internal Audit (YPIA)
                                           Qualified Internal Auditor (QIA) Certification for Managerial                        Internal Audit
                                           Level                                                                                Education
                                                                                                                                Foundation (YPIA)

                                           Pelatihan Pengenalan Sistem Manajemen Anti                       12 Juni 2025        PT Madhava
                                           Penyuapan (SMAP) Sesuai Dengan ISO 37001:2016                    June 12, 2025       Dwikarya
                                           Training on the Introduction to the Anti-Bribery                                     Teknologi
                                           Management System (SMAP) per ISO 37001:2016

                                           Pelatihan Tanggap Darurat di Lingkungan Kantor Pusat             17 Juni 2025        PT Jasa Marga
                                           PT Jasa Marga (Persero) Tbk                                      June 17, 2025       (Persero) Tbk
                                           Emergency Response Training at PT Jasa Marga
                                           (Persero) Tbk Headquarters

                                           Konferensi Auditor Internal "Shifting Horizon for Internal       02 Juli 2025        Yayasan
                                           Auditors: Navigating Emerging Risk, Governance and               July 2, 2025        Pendidikan Internal
                                           Opportunities in 2025"                                                               Audit (YPIA)
                                           Internal Auditor Conference “Shifting Horizon for Internal                           Internal Audit
                                           Auditors: Navigating Emerging Risks, Governance, and                                 Education
                                           Opportunities in 2025”                                                               Foundation (YPIA)




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                           241
Page 242
01                                02                       03                      04                                       05
Ikhtisar Kinerja Utama            Laporan Manajemen        Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report        Company Profile          Management Discussion and Analysis       Business Support Functions




Tabel Pengembangan Kompetensi Unit Internal Audit
Table of the Internal Audit Unit Competency Development


                                                                                                              Waktu
       Nama                  Jabatan         Materi Pengembangan Kompetensi/Pelatihan                      Pelaksanaan         Penyelenggara
       Name                  Position        Subject of Competency Development/Training                   Implementation         Organizer
                                                                                                               Date
 Boyke Jaguar          Internal Audit      Pelatihan Konsep Dasar dan Pentingnya Sistem                  04 Agustus 2025       Agus Doddy S.Kom,
                       Monitoring &        Manajemen Kelangsungan Usaha Berdasar ISO                     August 4, 2025        AMBCI, LA ISO
                       Operational         22301:2019                                                                          BCMS - Chairman
                       Management          Training on the Basic Concepts and Importance of                                    BCM Forum
                       Senior Officer      Business Continuity Management Systems based on ISO                                 Indonesia & Senior
                                           22301:2019                                                                          Consultant JPM &
                                                                                                                               Partners

                                           Workshop Sistem Pengendalian Internal (SPIN)                  21 Oktober 2025       PT Jasa Marga
                                           Internal Control System (SPIN) Workshop                       October 21, 2025      (Persero) Tbk

                                           Sosialisasi Sistem Pengendalian Internal (SPIN)               27 Oktober 2025       PT Jasa Marga
                                           Socialisation of the Internal Control System (SPIN)           October 27, 2025      (Persero) Tbk

                                           Pelatihan Internal Control over Financial Reporting           08 Desember 2025      PT Prima Wahana
                                           (ICoFR) - Test of Design Effectiveness (TOD) dan Test         December 8, 2025      Caraka (PWC)
                                           of Operationg Effectiveness (TOE)
                                           Internal Control over Financial Reporting (ICoFR)
                                           Training - Design Effectiveness Testing (TOD) and
                                           Operational Effectiveness Testing (TOE)

                                           Workshop ICOFR: Metodologi dan Praktik Test of Design         18 Desember 2025      Ernst & Young
                                           Effectiveness (TOD) dan Test of Operating Effectiveness       December 18, 2025
                                           (TOE)
                                           ICOFR Workshop: Methodology and Practice of Test
                                           of Design Effectiveness (TOD) and Test of Operating
                                           Effectiveness (TOE)


Evaluasi Pelaksanaan Pengembangan                                             Evaluation of Competency Development
Kompetensi                                                                    Implementation
Perseroan secara konsisten melakukan evaluasi atas                            The Company consistently evaluates the implementation
pelaksanaan pengembangan kompetensi karyawan secara                           of employee competency development on a regular basis.
berkala. Proses evaluasi hasil pengembangan kompetensi                        The evaluation process for competency development
tersebut terintegrasi dengan sistem penilaian kinerja (Jasa                   results is integrated with the performance appraisal system
Marga Performance Development/JMPD) dan klasifikasi                           (Jasa Marga Performance Development–JMPD) and talent
talent (Talent Management System). Dengan demikian,                           classification (Talent Management System). Thus, the
Perseroan akan mampu menilai hasil serta dampak pelatihan                     Company will be able to assess the results and impact of
terhadap kinerja sumber daya manusia, yang tidak hanya                        training on human resource performance, which not only
menilai hasil kerja karyawan, tetapi juga perilaku (behaviour)                assesses employee work performance, but also behavior
dan kapasitas (capacity). Selanjutnya, Perseroan akan                         and capacity. Furthermore, the Company will use the
menjadikan hasil evaluasi tersebut sebagai feedback dalam                     evaluation results as feedback in developing future training
menyusun program pelatihan ke depannya.                                       programs.


Biaya Pengembangan Kompetensi                                                 Competency Development Costs
Sepanjang tahun 2025, Perseroan telah merealisasikan                          Throughout 2025, the Company has allocated funds
dana sebesar Rp24.023.558.593 yang ditujukan untuk                            amounting to Rp24,023,558,593 for employee competency
pengembangan       kompetensi    karyawan.     Perseroan                      development. The Company views these competency
memandang bahwa biaya pengembangan kompetensi ini                             development costs as a form of investment to create
merupakan salah satu bentuk investasi guna menciptakan                        superior human resources (HR) through an integrated
sumber daya manusia (SDM) yang unggul melalui pendekatan                      learning approach, both online and offline. The competency
pembelajaran terpadu, baik secara daring maupun luring.                       development carried out has a main focus on improving digital
Pengembangan kompetensi yang dilakukan memiliki fokus                         competencies and employee competency certification. This
utama mencakup peningkatan kompetensi digital dan                             step is taken to support the Company’s evolving business
sertifikasi kompetensi karyawan. Langkah ini dilakukan                        needs and ensure sustainable competitiveness.
untuk mendukung kebutuhan bisnis yang terus berkembang
dan memastikan daya saing yang berkelanjutan.




242                                                                               Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 243
06                               07                                      08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




Komposisi Pemegang Saham
Shareholders Composition

Sampai dengan 31 Desember 2025, komposisi pemegang                         Until December 31, 2025, the Company’s shareholder
saham Perseroan adalah sebagai berikut:                                    composition is as follows:




    70%
    Pemerintah Republik
    Indonesia



                                                                                                                            30%
    • 1 Lembar Saham Dwi
       Warna dimiliki oleh
       Badan Pengaturan
       BUMN (BP BUMN)
    • 5.080.509.839 Lembar                                                                                                  Masyarakat
       Saham Seri B dimiliki
       oleh PT Danantara
                                                                                                                            Public
       Asset Management
       (Persero)
    Government of the
    Republic of Indonesia
    • Series A Dwiwarna
      Share is owned by
      the State-Owned
      Enterprise Regulatory
      Agency (BP BUMN)
    • 5,080,509,839 Series
      B shares owned by
      PT Danantara Asset
      Management (Persero)



                                                           Pengendali        Non Pengendali
                                                           Controlling       Non-controlling


Kelompok pemegang saham publik Perseroan tidak ada                         None of the Company’s public shareholders hold more than
yang memiliki saham di atas 5%.                                            5% of the shares.


Pemegang Saham Jasa Marga per 31 Desember 2025
Jasa Marga Shareholders as of December 31, 2025

Tabel Pemegang Saham Jasa Marga per 31 Desember 2025
Table of Jasa Marga Shareholders as of December 31, 2025


                                                          Jumlah Pemegang
               Pemegang Saham                                  Saham                       Jumlah Saham                   Persentase (%)
                 Shareholders                                Number of                    Number of Shares                Percentage (%)
                                                            Shareholders
 Pemerintah Republik Indonesia
 Government of the Republic of Indonesia

 Saham Dwi Warna
 Badan Pengaturan Badan Usaha Milik Negara
 (BP BUMN)                                                                        1                                   1               0,00%
 Dwiwarna Share is owned by the State-Owned
 Enterprise Regulatory Agency (BP BUMN)

 Saham Seri B
 PT Danantara Asset Management (Persero)
                                                                                  1                  5.080.509.839                   70,00%
 Series B Shares
 PT Danantara Asset Management (Persero)

 Total                                                                            2                 5.080.509.840                    70,00%




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                      243
Page 244
 01                                   02                           03                        04                                           05
 Ikhtisar Kinerja Utama               Laporan Manajemen            Profil Perusahaan          Analisa dan Pembahasan Manajemen             Fungsi Penunjang Bisnis
 Main Performace Highlights           Management Report            Company Profile            Management Discussion and Analysis           Business Support Functions




 Tabel Pemegang Saham Jasa Marga per 31 Desember 2025
 Table of Jasa Marga Shareholders as of December 31, 2025


                                                                  Jumlah Pemegang
                         Pemegang Saham                                Saham                          Jumlah Saham                       Persentase (%)
                           Shareholders                              Number of                       Number of Shares                    Percentage (%)
                                                                    Shareholders
  Pemodal Nasional
  National Investors

  Perorangan Indonesia
                                                                                      24.243                     242.863.240                               3,35%
  Individual Domestic

  Lembaga/Badan Usaha Indonesia
                                                                                         187                     658.045.222                               9,07%
  Indonesian Business Institutes/Entities

  Asuransi
                                                                                            115                    203.101.211                             2,80%
  Insurance

  Yayasan
                                                                                            18                     16.063.666                              0,22%
  Foundations

  Koperasi
                                                                                             6                        555.381                              0,01%
  Cooperatives

  Reksadana
                                                                                            131                   179.818.095                              2,48%
  Mutual Funds

  Sub Total                                                                           24.700                   1.300.446.815                              17,92%

  Pemodal Asing
  Foreign Investors

  Perorangan Asing
                                                                                         167                          722.088                              0,01%
  Foreign Individuals

  Badan Usaha Asing
                                                                                         251                      876.192.457                             12,07%
  Foreign Enterprises

  Sub Total                                                                             418                      876.914.545                             12,08%

  Total                                                                               25.120                   7.257.871.200                                100%




                                        Grafik Komposisi Pemegang Saham Jasa Marga per 31 Desember 2025
                                        Graph of Jasa Marga Shareholder Composition as of December 31, 2025


70%                                                                     30%
Pemerintah Republik                                                     Masyarakat
Indonesia                                                               Public
• 1 Lembar Saham
  Seri A Dwiwarna
  dimiliki oleh Badan
  Pengaturan BUMN
  (BP BUMN)
                                                                                                  0,22%
• 5.080.509.839                                                                                     Yayasan
                                                                                                                           2,48%
  Lembar Saham
  Seri B dimiliki oleh
                                                                              2,80%               Foundation
                                                                                                                           Reksadana
  PT Danantara                                                                   Asuransi                                  Mutual Fund
  Asset Management                                                              Insurance
  (Persero)
Government of the
Republic of Indonesia
                                                                                                                                            3,35%
• 1 Dwiwarna Share
                                                                                                                                            Perorangan Indonesia
  owned by the State-
                                                                                                                                            Individual Domestic
  Owned Enterprise
                                Pengendali    Non Pengendali
  Regulatory Agency
                                Controlling   Non-controlling
  (BP BUMN)
• 5,080,509,839
  Series B shares
  owned by
  PT Danantara

                                                            12,08%
  Asset Management
  (Persero)
                                                          Investor Asing
                                                        Foreign Investors




                                                                                                                                                9,07%
                                                                                                                                                Institusi Indonesia
                                                                                                                                                Institution Domestic




 244                                                                                         Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 245
06                                   07                                          08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan            Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility             Reference of POJK, SEOJK, and ARA Criteria




Pemegang Saham dengan Kepemilikan Saham 5% atau Lebih
Shareholders with More than 5% Shares Ownership

Tabel Pemegang Saham yang Memiliki 5% atau Lebih Saham pada Awal dan Akhir Tahun Buku
Table of Shareholders Owned 5% or More Shares at the Beginning and End of the Fiscal Year


              Pemegang Saham                                 Jumlah Saham                        Persentase (%)                          Status
                Shareholders                                Number of Shares                     Percentage (%)                         Condition
                                                                                                                              Pemegang Saham Pengendali
 PT Danantara Asset Management (Persero)                                5.080.509.839                             70,00%
                                                                                                                                Controlling Shareholders




Kelompok Pemegang Saham Masyarakat dengan Kepemilikan Saham Masing-Masing
Kurang dari 5%
Public Shareholders Group with Less than 5% Shares Ownership
Tabel Kelompok Pemegang Saham Masyarakat dengan Kepemilikan Saham Masing-Masing Kurang dari 5% per 1 Januari 2025 dan
31 Desember 2025
Table of Public Shareholder Groups with Share Ownership Each Less than 5% as of January 1, 2025, and December 31, 2025


                                       Jumlah
                                                            Jumlah
                                      Pemegang                                                                                                 Persentase
                                                           Pemegang                                Jumlah Saham
                                     Saham pada                               Jumlah Saham                                Persentase
                                                          Saham pada                                 pada Akhir                                pada Akhir
                                     Awal Tahun                                  pada Awal                                 pada Awal
     Pemegang Saham                     Buku*
                                                          Akhir Tahun
                                                                               Tahun Buku*
                                                                                                    Tahun Buku*
                                                                                                                         Tahun Buku*
                                                                                                                                                 Tahun
                                                            Buku**                                   Number of                                   Buku**
       Shareholders                   Number of                                Shares at the                             Percentage at
                                                           Number of                                Shares at the                              Percentage at
                                   Shareholders at                              Beginning of                              Beginning of
                                                        Shareholders at                               End of the                               End of Fiscal
                                    the Beginning                             the Fiscal Year*                            Fiscal Year*
                                                         the End of the                              Fiscal Year*                                 Year**
                                     of the Fiscal
                                                          Fiscal Year*
                                         Year*

 Pemegang Saham Domestik
 Domestic Shareholders

 Perorangan Indonesia
                                             16.430               24.243          139.661.673          242.863.240                  1,92%                3,35%
 Indonesian Individuals

 Lembaga/Badan Usaha
 Indonesia
                                                 166                    187      643.206.582           658.045.222                  8,86%                 9,07%
 Indonesian Institutions/
 Business Entities

 Asuransi
                                                 123                    115       305.466.711           203.101.211                 4,21%                2,80%
 Insurance

 Yayasan
                                                   17                    18         17.197.266           16.063.666                 0,24%                0,22%
 Foundations

 Koperasi
                                                    2                    6              53.081              555.381                 0,00%                 0,01%
 Cooperatives

 Reksadana
                                                 158                    131      234.380.426            179.818.095                 3,23%                2,48%
 Mutual Funds

 Pemegang Saham Asing
 Foreign Investors Shareholders

 Perorangan Asing
                                                 175                    167          3.467.688              722.088                 0,05%                 0,01%
 Foreign Individuals

 Badan Usaha Asing
                                                 282                    251       833.395.621           876.192.457                11,49%               12,07%
 Foreign Enterprises

 Total                                       17.354                25.120       2.177.361.360        7.257.871.200                    30%                  30%
 Keterangan/Notes:
 *) Data jumlah pemegang saham pada awal tahun buku merupakan data pemegang saham Perseroan per tanggal penutupan bursa di tahun 2024.
 **) Akhir tahun buku Perseroan adalah 31 Desember 2025.
 *) The number of shareholders at the beginning of the fiscal year is based on the Company’s shareholder data per the closing date of the stock exchange in 2024.
 **) The end of the Company’s fiscal year is December 31, 2025.




PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                                     245
Page 246
01                              02                  03                       04                                        05
Ikhtisar Kinerja Utama          Laporan Manajemen   Profil Perusahaan         Analisa dan Pembahasan Manajemen          Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report   Company Profile           Management Discussion and Analysis        Business Support Functions




20 Pemegang Saham Terbesar
Top 20 Shareholders
Tabel 20 Pemegang Saham Terbesar per 31 Desember 2025
Table of Top 20 Shareholders as of December 31, 2025


                             Pemegang Saham                   Jumlah Saham             Persentase (%)                      Status
 No.                           Shareholders                  Number of Shares          Percentage (%)                     Condition
                                                                                                              Negara Republik Indonesia
  1.    PT DANANTARA ASSET MANAGEMENT (PERSERO)                        5.080.509.839                  70,00
                                                                                                              State of Republic of Indonesia

                                                                                                              Dana Pensiun
  2.    DJS KETENAGAKERJAAN PROGRAM JHT                                  247.524.233                   3,41
                                                                                                              Pension Fund

                                                                                                              Badan Usaha Asing
  3.    HSBC BK PLC S/A THE PRUDENTIAL ASSURANCE                         207.185.400                   2,85
                                                                                                              Foreign Enterprises

                                                                                                              Dana Pensiun
  4.    PT TASPEN (PERSERO) PENSIUN - FVTOCI                             159.509.900                   2,20
                                                                                                              Pension Fund

                                                                                                              Badan Usaha Asing
  5.    BNYM RE BNYMLB RE EMPLOYEES PROVIDENTFD                          105.856.385                   1,46
                                                                                                              Foreign Enterprises

                                                                                                              Dana Pensiun
  6.    DJS KETENAGAKERJAAN PROGRAM JP                                    72.410.615                   1,00
                                                                                                              Pension Fund

                                                                                                              Dana Pensiun
  7.    PT TASPEN (ASURANSI) - FVTOCI                                     56.642.720                   0,78
                                                                                                              Pension Fund

                                                                                                              Badan Usaha Asing
  8.    HSBC BANK PLC/M AND G FUNDS (1) ASIA PAC                          33.265.500                   0,46
                                                                                                              Foreign Enterprises

                                                                                                              Badan Usaha Asing
  9.    CITIBANK HONG KONG S/A 4D GLOBAL INFRAST                          33.177.285                   0,46
                                                                                                              Foreign Enterprises

                                                                                                              Badan Usaha Asing
  10.   SSB GMTR M&G INVT FDS (7)-M&G GLB EMG MK                          29.394.800                   0,41
                                                                                                              Foreign Enterprises

                                                                                                              Badan Usaha Asing
  11.   CITIBANK NEW YORK S/A ISHARES CORE MSCI                           27.393.880                   0,38
                                                                                                              Foreign Enterprises

                                                                                                              Badan Usaha Asing
  12.   CITIBANK NEW YORK S/A GOVERNMENT OF NORW                          27.283.600                   0,38
                                                                                                              Foreign Enterprises

                                                                                                              Badan Usaha Asing
  13.   CITIBANK HONG KONG S/A 4D GLOBAL INFRAST                          26.864.115                   0,37
                                                                                                              Foreign Enterprises

                                                                                                              Badan Usaha Asing
  14.   JPMCB NA RE-VANGUARD TOTAL INTERNATIONAL                          24.646.559                   0,34
                                                                                                              Foreign Enterprises

                                                                                                              Badan Usaha Asing
  15.   PT. PRUDENTIAL LIFE ASSURANCE - REF                               23.218.100                   0,32
                                                                                                              Foreign Enterprises

                                                                                                              Badan Usaha Asing
  16.   JPMCB NA RE - VANGUARD EMERGING MARKETS                           23.010.604                   0,32
                                                                                                              Foreign Enterprises

                                                                                                              Badan Usaha Asing
  17.   JPMCB NA RE - BLACKROCK INST TR CO N A I                          19.674.900                   0,27
                                                                                                              Foreign Enterprises

                                                                                                              Asuransi
  18.   PT PRUDENTIAL LIFE ASSURANCE - REF III                            17.932.300                   0,25
                                                                                                              Insurance

                                                                                                              Asuransi
  19.   DANA PENSIUN ASTRA DUA                                            16.753.300                   0,23
                                                                                                              Insurance

                                                                                                              Badan Usaha Asing
 20.    NTC-EDGBASTON ASIAN EQUITY (JERSEY) TRUS                          16.529.700                   0,23
                                                                                                              Foreign Enterprises

        Total                                                          6.248.783.735                  86,10




246                                                                         Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
Page 247
06                                   07                                           08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan             Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility              Reference of POJK, SEOJK, and ARA Criteria




Kepemilikan Saham Dewan Komisaris dan Direksi
The Board of Commissioners and the Board of Directors Shares Ownership

Tabel Kepemilikan Saham Dewan Komisaris dan Direksi pada Awal dan Akhir Tahun Buku
Table of Share Ownership by the Board of Commissioners and Directors at the Beginning and End of the Fiscal Year

                                                       Jumlah Saham                                                      Persentase (%)
                                                         Total Share                                                     Percentage (%)
                                            2025                                                               2025
                Nama                Awal             31                                                Awal             31
 No.                               Tahun          Desember                                            Tahun          Desember
                Name
                                   Buku*           2025**            2024             2023            Buku*           2025**            2024            2023
                                 Beginning        December                                          Beginning        December
                                  of Fiscal          31,                                             of Fiscal          31,
                                   Year*           2025**                                             Year*           2025**
 Dewan Komisaris
 Board of Commissioners

  1.     Juri Ardiantoro                      -               -               -                -                 -              -                -                -

  2.     Syamsul Bachri
                                              -               -               -                -                 -              -                -                -
         Yusuf

  3.     Asrorun Ni’am
                                              -               -               -                -                 -              -                -                -
         Sholeh

  4.     Nachrowi Ramli                       -               -               -                -                 -              -                -                -

  5.     Rudi Antariksawan                    -               -               -                -                 -              -                -                -

  6.     Tedi Kurniawan                       -               -               -                -                 -              -                -                -

 Direksi
 Board of Directors

  1.     Rivan Achmad
                                              -               -               -                -                 -              -                -                -
         Purwantono

  2.     Reza Febriano                560.200         560.200           560.200         289.600       0,0077185        0,0077185       0,0077185       0,0039902

  3.     Yoga Tri Anggoro                     -               -               -                -                 -              -                -                -

  4.     Fitri Wiyanti                587.800          587.800          587.800         316.600       0,0080988       0,0080988        0,0080988       0,0043622

  5.     Pramitha Wulanjani           289.200         289.200           289.200          50.000       0,0039846       0,0039846        0,0039846       0,0006889

  6.     Yaya Ruhiya                          -               -               -                -                 -              -                -                -

  7.     Ari Respati                          -               -               -                -                 -              -                -                -

 Keterangan/Notes:
 *) Awal Tahun Buku Perseroan adalah 1 Januari 2025, namun demikian dikarenakan tanggal 1 Januari 2025 masih merupakan hari libur Bursa, maka data yang
     digunakan adalah data per 2 Januari 2025.
 **) Akhir Tahun Buku Perseroan adalah 31 Desember 2025.
 *) The Company’s fiscal year begins on January 1, 2025; however, since January 1, 2025, is still a stock exchange holiday, the data used is as of January 2, 2025.
 **) The end of the Company’s fiscal year is December 31, 2025.




PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                                        247
Page 248
01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Kepemilikan Tidak Langsung Dewan                                    Indirect Ownership of Company Shares by
Komisaris dan Direksi terhadap Saham                                the Board of Commissioners and Board of
Perseroan                                                           Directors

Sepanjang tahun buku 2025, tidak terdapat anggota Dewan             Throughout the 2025 fiscal year, no members of the Board
Komisaris dan Direksi yang memiliki kepemilikan tidak               of Commissioners and Board of Directors had indirect
langsung atas saham Perseroan.                                      ownership of the Company’s shares.


Pembelian/Penjualan Saham Dewan                                     Purchase/Sale of Shares by the Board of
Komisaris dan Direksi                                               Commissioners and Board of Directors

Sesuai dengan Peraturan Otoritas Jasa Keuangan No. 11/              In accordance with Financial Services Authority Regulation
POJK.04/2017 tentang Laporan Kepemilikan atau Setiap                No. 11/POJK.04/2017 on Reports on Ownership or Any
Perubahan Kepemilikan Saham Perusahaan Terbuka, setiap              Changes in Ownership of Shares in Public Companies,
anggota Dewan Komisaris dan Direksi diwajibkan untuk                each member of the Board of Commissioners and Board of
menyampaikan informasi kepada Perseroan mengenai                    Directors is required to submit information to the Company
kepemilikan dan setiap perubahan kepemilikannya atas                regarding their ownership and any changes in their
saham Perseroan.                                                    ownership of the Company’s shares.


Informasi tentang Pemegang Saham                                    Information on Major Shareholders and/or
Utama dan/atau Pemegang Saham                                       Controlling Shareholders
Pengendali
Pemegang saham Utama Perseroan adalah Negara Republik               The Company’s Major Shareholder is the Republic of
Indonesia, yang diwakili oleh Pemerintah Republik Indonesia         Indonesia, represented by the Government of the Republic of
dengan kepemilikan sebesar 70% yang terdiri dari 1 (satu)           Indonesia, with a 70% ownership consisting of 1 (one) share
lembar Saham Seri A Dwiwarna melalui Badan Pengaturan               of Series A Dwiwarna through Indonesian State-Owned
Badan Usaha Milik Negara Republik Indonesia (BP BUMN)               Enterprise Regulatory Agency (BP BUMN) and 5,080,509,839
dan 5.080.509.839 lembar Saham Seri B Biasa melalui                 shares of Series B Common Shares through PT Danantara
PT Danantara Asset Management (Persero) yang berfungsi              Asset Management (Persero), which functions to manage
untuk mengelola serta mengoptimalkan aset negara,                   and optimize state assets, including SOEs, through strategic
termasuk BUMN, melalui investasi strategis. Tidak terdapat          investments. There are no individual owners who are major
pemilik individu yang menjadi pemegang saham utama dan              and controlling shareholders of the Company.
pengendali Perseroan.
                                                                    The Series A Dwiwarna (Preferred Share) policy was pursued
Kebijakan Saham Seri A Dwiwarna (Saham Preferen)                    by the Government as the main capital owner as a strategic
ditempuh oleh Pemerintah selaku pemilik modal utama                 measure related to Jasa Marga’s status as an SOE, which
sebagai langkah strategi terkait status Jasa Marga sebagai          requires the Government to encourage SOEs to contribute
entitas BUMN yang mempersyaratkan peran Pemerintah                  to the development of the national economy in general and
untuk mendorong BUMN dalam memberikan kontribusi                    state revenue in particular, in accordance with Law No. 19 of
bagi perkembangan perekonomian nasional pada umumnya                2003 on SOEs.
dan penerimaan negara pada khususnya, sesuai Undang-
Undang No. 19 Tahun 2003 tentang BUMN.
                                                                    The chart regarding the Company’s Main Shareholders and
Adapun bagan mengenai Pemegang Saham Utama dan                      Controlling Shareholders is available in the Company Profile
Pengendali Perseroan dapat dilihat di Bab Profil Perusahaan         chapter of this Annual Report.
dalam Buku Laporan Tahunan ini.




248                                                                     Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 249
06                                   07                                         08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




Entitas Anak, Ventura Bersama,
dan Entitas Asosiasi
Subsidiaries, Joint Ventures, and Associate Entities
Tabel Daftar Entitas Anak
Table of Subsidiaries List

                                                                                                                                  Total Aset Sebelum
                                                                                                                                        Eliminasi
                                                                  Persentase Kepemilikan
                                                                                                                    Periode      (dalam jutaan Rupiah)
                                                                   Ownership Percentage              Tahun
                                                                                                                     Masa            Assets Before
                                Aktivitas                                  (%)                       Operasi
                                                                                                                    Konsesi            Elimination
         Entitas Anak            Utama             Domisili                                         Komersial                        (in Rp million)
 No.                                                                                                                (Tahun)
         Subsidiaries           Principal          Domicile                                          Start of
                                                                     31               31                           Concession
                                 Activity                                                          Commercial
                                                                 Desember         Desember                           Period
                                                                                                   Operations
                                                                   2025             2024                             (Year)       2025        2024
                                                                 December         December
                                                                  31, 2025         31, 2024
  1.   PT Jalantol          Telah Dilikuidasi     Bekasi                  -          99,99        1 Oktober                  -       -        19.235
       Lingkarluar          Liquidated                                                            2001
       Jakarta (JLJ),                                                                             October 1,
       berdiri tanggal 22                                                                         2001
       Desember 2000*
       Established on
       December 22,
       2000*

  2.   PT Marga Sarana      Pengusahaan           Bogor                 55,00         55,00       23 November            50      3.130.571   3.338.289
       Jabar (MSJ),         Jalan Tol Bogor                                                       2009
       berdiri tanggal 11   Outer Ring Road                                                       November 23,
       Mei 2007             Bogor Ring Road                                                       2009
       Established on       Outer Toll Road
       May 11, 2007         Concession Holder

  3.   PT Marga Trans       Pengusahaan Ruas      Tangerang         60,00            60,00        20 Desember            35      3.781.236   3.857.433
       Nusantara (MTN),     Jalan Tol Kunciran    Selatan                                         2019
       berdiri tanggal 14   Serpong               South                                           December 20,
       Mei 2008             Kunciran Serpong      Tangerang                                       2019
       Established on       Toll Road
       May 14, 2008         Concession Holder

  4.   PT Jasamarga         Pengusahaan Ruas      Tangerang             88,67         88,67       11 November            35      4.963.862   5.074.118
       Kunciran             Jalan Tol Kunciran-                                                   2021
       Cengkareng           Cengkareng                                                            November 11,
       (JKC), berdiri       Kunciran-                                                             2021
       tanggal 14 Mei       Cengkareng Road
       2008                 Concession Holder
       Established on
       May 14, 2008

  5.   PT Jasamarga         Pengusahaan           Jakarta               99,82         99,82       10 Februari                -   2.853.051   2.336.183
       Tollroad             Jasa Preservasi                                                       1989
       Maintenance          dan Pemeliharaan                                                      February 10,
       (JMTM), berdiri      Jalan Tol, Jasa                                                       1989
       tanggal 26           Konstruksi, Jasa
       Agustus 1988         Sewa Alat Berat,
       Established on       serta Penjualan
       August 26, 1988      Aspal
                            Services in Toll
                            Road Preservation
                            and Maintenance,
                            Construction,
                            Heavy Equipment
                            Rental, and Asphalt
                            Sales

  6.   PT Jasamarga         Pengusahaan Ruas      Denpasar          64,44            64,44        1 Oktober              45      1.890.367   1.893.221
       Bali Tol (JBT),      Jalan Tol Nusa                                                        2013
       berdiri tanggal 22   Dua - Ngurah Rai -                                                    October 1,
       Agustus 2011         Benoa                                                                 2013
       Established on       Nusa Dua - Ngurah
       August 22, 2011      Rai - Benoa Toll
                            Road Concession
                            Holder




PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                             249
Page 250
01                                 02                            03                      04                                        05
Ikhtisar Kinerja Utama             Laporan Manajemen             Profil Perusahaan        Analisa dan Pembahasan Manajemen          Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report             Company Profile          Management Discussion and Analysis        Business Support Functions




Tabel Daftar Entitas Anak
Table of Subsidiaries List

                                                                                                                                 Total Aset Sebelum
                                                                                                                                       Eliminasi
                                                                   Persentase Kepemilikan
                                                                                                                   Periode      (dalam jutaan Rupiah)
                                                                    Ownership Percentage            Tahun
                                                                                                                    Masa            Assets Before
                                 Aktivitas                                  (%)                     Operasi
                                                                                                                   Konsesi            Elimination
          Entitas Anak            Utama            Domisili                                        Komersial                        (in Rp million)
 No.                                                                                                               (Tahun)
          Subsidiaries           Principal         Domicile                                         Start of
                                                                       31               31                        Concession
                                  Activity                                                        Commercial
                                                                   Desember         Desember                        Period
                                                                                                  Operations
                                                                     2025             2024                          (Year)         2025           2024
                                                                   December         December
                                                                    31, 2025         31, 2024
  7.    PT Jasamarga         Pengembangan         Jakarta             99,94           99,94      15 Januari             -        2.448.153      2.411.059
        Related Business     Bisnis Properti/                                                    2013
        (JMRB), berdiri      Toll Corridor                                                       January 15,
        tanggal 15 Januari   Development                                                         2013
        2013                 (TCD) dan
        Established on       pengembangan TIP
        January 15,          (Tempat Istirahat
        2013                 Pelayanan)
                             Development
                             In Property/
                             Toll Corridor
                             Development
                             (TCD)

  8.    PT Jasamarga         Pengusahaan Ruas     Deli Serdang        55,00           55,00      13 Oktober            40        4.061.404      4.085.376
        Kualanamu Tol        Jalan Tol Medan-                                                    2017
        (JMKT), berdiri      Kualanamu-Tebing                                                    October 13,
        tanggal 25           Tinggi                                                              2017
        November 2014        Kualanamu-Tebing
        Established on       Tinggi Toll Road
        November 25,         Concession Holder
        2014

  9.    PT Cinere            Pengusahaan Ruas     Tangerang           55,00           55,00      2 Juni 2021           35        3.452.664      3.410.460
        Serpong Jaya         Jalan Tol Serpong-   Selatan                                        June 2, 2021
        (CSJ), berdiri       Cinere               South
        tanggal 10 Juli      Toll Road            Tangerang
        2008                 Concession Holder
        Established on
        July 10, 2008

  10.   PT Jasamarga         Jasa                 Jakarta             99,98           99,98      31 Desember            -        1.715.639      1.497.552
        Tollroad Operator    Pengoperasian                                                       2015
        (JMTO), berdiri      Jalan Tol                                                           December 31,
        tanggal 21           Toll Road                                                           2015
        Agustus 2015         Operation Services
        Established on
        August 21, 2015

  11.   PT Jasamarga         Pengusahaan Ruas     Manado              64,97           64,97      30 Oktober            40        4.331.791      4.439.742
        Manado Bitung        Jalan Tol Manado-                                                   2020
        (JMB), berdiri       Bitung                                                              October 30,
        tanggal 6 Juni       Manado-Bitung                                                       2020
        2016                 Toll Road
        Established on       Concession
        June 6, 2016         Holder

  12.   PT Jasamarga         Pengusahaan          Balikpapan          67,39           67,39      14 Juni 2020          50        9.540.429      9.613.550
        Balikpapan           Ruas Jalan Tol                                                      June 14, 2020
        Samarinda (JBS),     Balikpapan-
        berdiri tanggal 6    Samarinda
        Juni 2016            Balikpapan-
        Established on       Samarinda Toll
        June 6, 2016         Road Concession
                             Holder

  13.   PT Jasamarga         Pengusahaan Ruas     Jakarta             65,00           65,00      2 Juni 2017            -       62.852.657     62.613.044
        Transjawa Tol        Jalan Tol Trans                                                     June 2, 2017
        (JTT), berdiri       Jawa
        tanggal 2 Juni       Trans Java Toll
        2017                 Road Concession
        Established on       Holder
        June 2, 2017

 14.    PT Jasamarga         Pengusahaan Ruas     Sleman              52,82           52,82      18 September          40        11.978.018     9.446.367
        Jogja Solo (JMJ),    Jalan Tol Solo-                                                     2024
        berdiri tanggal 9    Yogyakarta-NYIA                                                     September
        September 2020       Kulonprogo                                                          18, 2024
        Established on       Solo-Yogyakarta-
        September 9,         NYIA Kulonprogo
        2020                 Toll Road
                             Concession Holder




250                                                                                     Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
Page 251
06                                   07                                         08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




Tabel Daftar Entitas Anak
Table of Subsidiaries List

                                                                                                                                 Total Aset Sebelum
                                                                                                                                       Eliminasi
                                                                   Persentase Kepemilikan
                                                                                                                    Periode     (dalam jutaan Rupiah)
                                                                    Ownership Percentage             Tahun
                                                                                                                     Masa           Assets Before
                                 Aktivitas                                  (%)                      Operasi
                                                                                                                    Konsesi           Elimination
         Entitas Anak             Utama             Domisili                                        Komersial                       (in Rp million)
 No.                                                                                                                (Tahun)
         Subsidiaries            Principal          Domicile                                         Start of
                                                                       31             31                           Concession
                                  Activity                                                         Commercial
                                                                   Desember       Desember                           Period
                                                                                                   Operations
                                                                     2025           2024                             (Year)       2025        2024
                                                                   December       December
                                                                    31, 2025       31, 2024
 15.    PT Jasamarga         Pengusahaan Ruas     Jakarta             92,33           90,97       Tahap                  35     14.718.850   11.861.448
        Japek Selatan        Jalan Tol Jakarta                                                    konstruksi
        (JJS), berdiri       – Cikampek II Sisi                                                   Under
        tanggal 29           Selatan                                                              construction
        Desember 2017        Jakarta-Cikampek
        Established on       II South Section
        December 29,         Toll Road
        2017                 Concession Holder

 16.    PT Jasamarga         Pengusahaan          Probolinggo           98,47         97,70       Tahap                  50     9.168.074    6.416.386
        Probolinggo          Ruas Jalan Tol                                                       konstruksi
        Banyuwangi           Probolinggo –                                                        Under
        (JPB), berdiri       Banyuwangi                                                           construction
        tanggal 29           Probolinggo-
        Desember 2017        Banyuwangi Toll
        Established on       Road Concession
        December 29,         Holder
        2017

 17.    PT Jasamarga         Pengusahaan          Yogyakarta            73,18         74,09       Tahap                  40     8.235.231    5.386.707
        Jogja Bawen          Ruas Jalan Tol                                                       konstruksi
        (JJB), berdiri       Yogyakarta –                                                         Under
        tanggal 11           Bawen                                                                construction
        November 2020        Yogyakarta-
        Established on       Bawean Toll Road
        November 11,         Concession Holder
        2020

 18.    PT Jasamarga         Pengusahaan Ruas     Subang                66,22        62,04       Tahap                   50     2.006.740    1.764.844
        Akses Patimban       Jalan Tol Akses                                                     pengembangan
        (JAP), berdiri       Patimban                                                            Under
        tanggal 16 Januari   Patimban Access                                                     development
        2023                 Concession Holder
        Established on
        January 16, 2023

 Keterangan/Notes:
 *) Di tahun 2025, Perseroan telah melakukan likuidasi terhadap PT JLJ.
 *) In 2025, the Company liquidated PT JLJ.




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01                                   02                             03                         04                                                       05
Ikhtisar Kinerja Utama               Laporan Manajemen              Profil Perusahaan           Analisa dan Pembahasan Manajemen                         Fungsi Penunjang Bisnis
Main Performace Highlights           Management Report              Company Profile             Management Discussion and Analysis                       Business Support Functions




Profil Singkat Entitas Anak
Brief Profile of Subsidiaries

PT Marga Sarana Jabar (MSJ)




                                                                                   Cengkareng         Penjaringan

                                                                                  Batuceper                    Pluit
                                                                                                                                       Cilincing
                                                                                                                            Kelapa
    Profil Singkat                                                                            Kebon
                                                                                                                 Tomang     Gading
                                                                                              Jeruk                                     Cakung
    Brief Profile
                                                                                                                                                             Cibitung
                                                                                  Kunciran                       Cawang
    PT MSJ berdiri pada tanggal 11 Mei 2007, mengoperasikan                                      Ulujami                                       Bekasi

    ruas jalan tol Lingkar Bogor atau yang lebih dikenal dengan                                                Antasari          Cikunir
                                                                                       Serpong
    Bogor Outer Ring Road (BORR), membentang dari Sentul
    Selatan hingga Salabenda dengan panjang jalan tol beroperasi
    11,3 km. Jalan tol ini memudahkan mobilitas masyarakat
    sebagai pengguna jalan tol Jagorawi yang ingin melanjutkan                                        Cinere
                                                                                                                    Cimanggis
    perjalanan menuju Bogor bagian utara tanpa harus melalui
    kota Bogor terlebih dahulu.                                                                                    Depok


    PT MSJ was established on May 11, 2007, operating the Bogor                                  Salabenda
    Outer Ring Road toll road, stretching from South Sentul to
    Salabenda with an operational toll road length of 11.3 km.                         Simpang Semplak
    This toll road facilitates the mobility of the public as users of
    the Jagorawi toll road who wish to continue their journey to                                           Bogor           Sentul
    northern Bogor without having to pass through the city center
    of Bogor first.
                                                                                   Jalan Tol Beroperasi                         Jalan Tol Fase Pembebasan Lahan & Konstruksi
                                                                                   Operated Toll Road                           Toll Road in Land Acquisition & Construction Phases



    Kepemilikan Saham                                                       Kepengurusan
    Shares Ownership                                                        Management

    PT Jasa Marga (Persero) Tbk                            55,00%           Dewan Komisaris | Board of Commissioners
    PT Citra Marga Nusaphala Persada Tbk                   45,00%           Arief Budhy Hardono                             Komisaris Utama | President Commissioner

                                                                            Oscar Soebandi                                  Komisaris | Commissioner

                                                                            Hasyim                                          Komisaris | Commissioner


                                                                            Direksi | Board of Directors
                                                                            Florysco Partogi Siahaan                        Direktur Utama | President Director

                                                                            Rudy H. Sabungan Pardede                        Direktur Teknik | Director of Engineering

                                                                                                                            Direktur Keuangan dan Administrasi | Director of
                                                                            Mohammad Jusuf Hamka
                                                                                                                            Finance and Administration




  Jalan Tol Bogor Outer Ring Road (BORR)
  Bogor Outer Ring Road (BORR) Toll Road




252                                                                                           Laporan Tahunan 2025 Annual Report                   PT Jasa Marga (Persero) Tbk
Page 253
06                                   07                                       08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




PT Cinere Serpong Jaya (CSJ)




                                                                              Cengkareng          Penjaringan
                                                                              Batuceper                     Pluit
                                                                                                                                  Cilincing

                                                                                          Kebon                         Kelapa
   Profil Singkat                                                                         Jeruk               Tomang    Gading     Cakung
   Brief Profile                                                                                                                                   Cibitung
                                                                             Kunciran                         Cawang
                                                                                             Ulujami                                      Bekasi
   PT CSJ berdiri pada tanggal 10 Juli 2008, mengoperasikan
                                                                                                            Antasari         Cikunir
   ruas jalan tol Serpong-Cinere yang terdiri dari 2 Seksi,                   Serpong
   meliputi: Seksi I (Serpong – Pamulang) sepanjang 6,5 km
   telah dioperasikan sejak 02 Juni 2021 dan Seksi II (Pamulang
   – Cinere) saat ini telah beroperasi secara fungsional sejak
   Desember 2023. Jalan tol ini merupakan bagian dari jaringan                                Cinere            Cimanggis
   jalan tol Jakarta Outer Ring Road II (JORR II) yang diharapkan
   dapat menambah keleluasaan distribusi barang dan                                                           Depok

   pergerakan ekonomi dari wilayah Jakarta ke sekitar Jakarta.
                                                                                                   Salabenda
   PT CSJ was established on July 10, 2008, operating the
                                                                                  Simpang Semplak
   Serpong-Cinere toll road, consisting of two sections,
   including: Section I (Serpong–Pamulang) spanning 6.5 km,                                         Bogor           Sentul
   which has been operational since June 2, 2021, and Section II
   (Pamulang–Cinere), which has been functionally operational
   since December 2023. This toll road is part of the Jakarta
                                                                              Jalan Tol Beroperasi
   Outer Ring Road II (JORR II) toll road network, which is
                                                                              Operated Toll Road
   expected to enhance the flexibility of goods distribution
   and economic movement from the Jakarta area to the
   surrounding areas.
                                                                        Kepengurusan
                                                                        Management

    Kepemilikan Saham
                                                                        Dewan Komisaris | Board of Commissioners
    Shares Ownership
                                                                        -                                               Komisaris Utama | President Commissioner
    PT Jasa Marga (Persero) Tbk                        55,00%           Stevanus Adrianto Passat                        Komisaris | Commissioner
    PT Sarana Multi Infrastruktur (Persero)            34,99%
    PT Jakarta Propertindo                              10,00%          Rintis Sitaresmi                                Komisaris | Commissioner
    PT Waskita Karya (Persero) Tbk              1 lembar saham
                                                1 lembar saham          Direksi | Board of Directors
                                                                        Mirza Nurul Handayani                           Direktur Utama | President Director

                                                                        Victor Edward Sasdiyarto                        Direktur Teknik | Director of Engineering

                                                                        Asteria                                         Direktur Keuangan | Director of Finance




   Simpang Susun Jalan Tol Serpong-Cinere
   Interchange of the Serpong-Cinere Toll Road



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01                                   02                                 03                         04                                                        05
Ikhtisar Kinerja Utama               Laporan Manajemen                  Profil Perusahaan           Analisa dan Pembahasan Manajemen                          Fungsi Penunjang Bisnis
Main Performace Highlights           Management Report                  Company Profile             Management Discussion and Analysis                        Business Support Functions




PT Marga Trans Nusantara (MTN)




                                                                                      Cengkareng         Penjaringan

                                                                                     Batuceper                     Pluit
                                                                                                                                            Cilincing

                                                                                                 Kebon                           Kelapa
   Profil Singkat                                                                                Jeruk                Tomang     Gading      Cakung
   Brief Profile                                                                                                                                                  Cibitung
                                                                                  Kunciran                            Cawang                        Bekasi
   PT MTN berdiri pada tanggal 14 Mei 2008, mengoperasikan                                          Ulujami

   ruas jalan tol Kunciran-Serpong sepanjang 11,14 km yang telah                                                   Antasari            Cikunir
                                                                                      Serpong
   beroperasi sejak 20 Desember 2019. Jalan tol ini diresmikan
   oleh Presiden Joko Widodo pada tanggal 06 Desember
   2019 yang merupakan bagian dari jaringan jalan tol Jakarta
                                                                                                          Cinere
   Outer Ring Road II (JORR II) bersama dengan ruas Kunciran-
                                                                                                                       Cimanggis
   Serpong dan Cinere-Serpong. Diharapkan pengoperasian
   jalan tol ini dapat menambah keleluasaan distribusi barang dan                                                     Depok
   pergerakan ekonomi dari wilayah Jakarta ke sekitar Jakarta.
                                                                                                         Salabenda

   PT MTN was established on May 14, 2008, operating the
   11.14 km Kunciran-Serpong toll road section, which has                                  Simpang Semplak

   been operational since December 20, 2019. This toll road                                                   Bogor           Sentul
   was inaugurated by President Joko Widodo on December 6,
   2019, as part of the Jakarta Outer Ring Road II (JORR II) toll
   road network, along with the Kunciran-Serpong and Cinere-
   Serpong sections. It is hoped that the operation of this toll road                 Jalan Tol Beroperasi
                                                                                      Operated Toll Road
   will increase the flexibility of goods distribution and economic
   movement from the Jakarta area to its surrounding areas.

                                                                                Kepengurusan
                                                                                Management
    Kepemilikan Saham
    Shares Ownership                                                            Dewan Komisaris | Board of Commissioners
                                                                                Firman Yosafat Siregar                Presiden Komisaris | President Commissioner
    PT Jasa Marga (Persero) Tbk                             60,00%
    PT Astra Tol Nusantara                                  30,00%              Fabian Buddy Pascoal                  Wakil Presiden Komisaris | Vice President Commissioner
    PT Transutama Arya Sejahtera                            10,00%
                                                                                Billy Perkasa                         Komisaris | Commissioner


                                                                                Direksi | Board of Directors
                                                                                Oemi Vierta Moerdika                  Presiden Direktur | President Director

                                                                                Rachmad Soulisa                       Wakil Presiden Direktur | Vice President Director

                                                                                Donny Ikhwan Kinaly                   Direktur | Director




   Kantor Pusat PT MTN
   PT MTN Head Office




254                                                                                              Laporan Tahunan 2025 Annual Report                     PT Jasa Marga (Persero) Tbk
Page 255
06                                   07                                        08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




PT Jasamarga Kunciran Cengkareng (JKC)




                                                                          Cengkareng
                                                                                                  Penjaringan
                                                                              Batuceper                    Pluit
                                                                                                                                  Cilincing

                                                                                          Kebon                         Kelapa
   Profil Singkat                                                                         Jeruk               Tomang    Gading     Cakung
   Brief Profile                                                                                                                                   Cibitung
                                                                          Kunciran                            Cawang                      Bekasi
                                                                                             Ulujami
   PT JKC berdiri pada tanggal 14 Mei 2008, mengoperasikan
                                                                                                           Antasari          Cikunir
   ruas jalan tol Cengkareng-Batuceper-Kunciran sepanjang                        Serpong
   13,9 km yang telah beroperasi sejak 11 November 2021. Jalan
   tol ini merupakan bagian dari jaringan jalan tol Jakarta Outer
   Ring Road II (JORR II) bersama dengan ruas Kunciran-Serpong
                                                                                                  Cinere
   dan Cinere-Serpong yang diharapkan dapat menambah                                                            Cimanggis
   keleluasaan distribusi barang dan pergerakan ekonomi dari
   wilayah Jakarta ke sekitar Jakarta.                                                                         Depok


   PT JKC was established on May 14, 2008, operating the                                          Salabenda
   13.9 km Cengkareng-Batuceper-Kunciran toll road section,
                                                                                  Simpang Semplak
   which has been in operation since November 11, 2021. This
   toll road is part of the Jakarta Outer Ring Road II (JORR II)                                       Bogor        Sentul
   toll road network, along with the Kunciran-Serpong and
   Cinere-Serpong sections, which are expected to increase the
   flexibility of goods distribution and economic movement from
                                                                              Jalan Tol Beroperasi
   the Jakarta area to its surrounding areas.
                                                                              Operated Toll Road



   Kepemilikan Saham                                                    Kepengurusan
   Shares Ownership                                                     Management

   PT Jasa Marga (Persero) Tbk                           88,67%         Dewan Komisaris | Board of Commissioners
   PT Triputra Utama Selaras                              11,01%
                                                                        Agung Prabowo                                   Komisaris Utama | President Commissioner
   PT Nindya Karya (Persero)                              0,32%
                                                                        Irvanus Ellyus                                  Komisaris | Commissioner


                                                                        Direksi | Board of Directors
                                                                        Rini Irawaty                                    Direktur Utama | President Director

                                                                        Eldy Ellyus                                     Direktur Keuangan | Director of Finance




  Jalan Tol Cengkareng-Batuceper-Kunciran
  Cengkareng-Batuceper-Kunciran Toll Road



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Page 256
01                                  02                               03                               04                                                 05
Ikhtisar Kinerja Utama              Laporan Manajemen                Profil Perusahaan                 Analisa dan Pembahasan Manajemen                   Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report                Company Profile                   Management Discussion and Analysis                 Business Support Functions




PT Jasamarga Japek Selatan (JJS)




                                                                           Cengkareng        Penjaringan
                                                                           Batuceper                Pluit
                                                                                                                            Cilincing
                                                                                     Kebon              Tomang     Kelapa
   Profil Singkat                                                                    Jeruk                         Gading    Cakung
   Brief Profile                                                                                        Cawang                                Cibitung
                                                                          Kunciran                                                 Bekasi
                                                                                      Ulujami
   PT JJS berdiri pada tanggal 29 Desember 2017. Sampai                       Serpong
                                                                                                        Antasari
   dengan 31 Desember 2025, jalan tol Jakarta-Cikampek II
                                                                                                                         Cikunir
   Selatan ini dalam tahap pembebasan lahan dan konstruksi
   sehingga masih belum beroperasi. Pembangunan jalan tol
                                                                                             Cinere
   ini bertujuan untuk mengurangi kepadatan ruas Jakarta-                                                              Cimanggis
                                                                                                                                                                  Cikampek
   Cikampek dengan menjadi alternatif pengguna jalan tol
   menuju jalan tol Cipularang serta menghubungkan wilayah                                               Depok
   Jabodetabek dan wilayah Bandung dengan melewati                                      Salabenda                                                        Purwakarta
   berbagai wilayah industri dan komersil.
                                                                              Simpang Semplak
   PT JJS was established on December 29, 2017. On December                                       Bogor       Sentul
   31, 2025, the Jakarta-Cikampek II Selatan toll road is still in
   the land acquisition and construction phase and is therefore
   not yet operational. The construction of this toll road aims
   to reduce congestion on the Jakarta-Cikampek route by
   providing an alternative for toll road users heading to the
                                                                                        Jalan Tol Fase Pembebasan Lahan & Konstruksi
   Cipularang toll road, as well as connecting the Jabodetabek
                                                                                        Toll Road in Land Acquisition & Construction Phases
   and Bandung regions by passing through various industrial
   and commercial areas.

                                                                             Kepengurusan
                                                                             Management
    Kepemilikan Saham
    Shares Ownership
                                                                             Dewan Komisaris | Board of Commissioners
   PT Jasa Marga (Persero) Tbk                           92,33%              Widiyatmiko Nursejati                                 Komisaris Utama | President Commissioner
   PT Wiranusantara Bumi                                  7,67%
                                                                             Biswanto                                              Komisaris | Commissioner


                                                                             Direksi | Board of Directors
                                                                             Charles Lendra                                        Direktur Utama | President Director

                                                                             Iman Sulaiman                                         Direktur Teknik | Director of Engineering

                                                                             Deni Suherman                                         Direktur Keuangan | Director of Finance




  Proyek Jalan Tol Jakarta Cikampek II Selatan
  The Jakarta-Cikampek II South Toll Road Project



256                                                                                               Laporan Tahunan 2025 Annual Report                PT Jasa Marga (Persero) Tbk
Page 257
06                                   07                                          08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan            Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility             Reference of POJK, SEOJK, and ARA Criteria




PT Jasamarga Jogja Bawen (JJB)




                                                                                                                   Demak


                                                                        Batang
                                                                                                 Semarang
   Profil Singkat                                                                                                   Bawen
   Brief Profile
                                                                                                                                                    Ngawi
   PT JJB berdiri pada tanggal 12 November 2020. Sampai                  JAWA
   dengan 31 Desember 2025, jalan tol Yogyakarta-Bawen                  TENGAH                                             Solo
   masih dalam tahap pembebasan lahan dan konstruksi
                                                                                     Yogyakarta
   sehingga belum beroperasi. Jalan Tol ini merupakan bagian
   dari segitiga emas Joglosemar (Jogjakarta, Solo, Semarang)                                                                                        JAWA
   yang melewati wilayah pariwisata Candi Borobudur. Adanya                                                                                          TIMUR
                                                                                 Kulonprogo
   jalan tol ini diharapkan dapat meningkatkan kelancaran
   logistik, pengembangan industri dan pariwisata, serta                                                 YOGYAKARTA
   konektivitas di wilayah DIY dan Jawa Tengah.


   PT JJB was established on November 12, 2020. On
   December 31, 2025, the Yogyakarta-Bawen toll road is still
   in the land acquisition and construction phase and is not
   yet operational. This toll road is part of the Joglosemar
   (Yogyakarta, Solo, Semarang) golden triangle, passing
   through the Borobudur Temple tourist area. The presence
                                                                                    Jalan Tol Fase Pembebasan Lahan & Konstruksi
   of this toll road is expected to improve logistics efficiency,
                                                                                    Toll Road in Land Acquisition & Construction Phases
   industrial and tourism development, and connectivity in the
   DIY and Central Java regions.

                                                                        Kepengurusan
                                                                        Management
   Kepemilikan Saham
   Shares Ownership                                                     Dewan Komisaris | Board of Commissioners
                                                                        Aldrin Maulana                              Komisaris Utama | President Commissioner
   PT Jasa Marga (Persero) Tbk                           73,18%
   PT Adhi Karya (Persero) Tbk                           17,93%         Siswantono                                  Plt. Komisaris | Commissioner
   PT Pembangunan Perumahan (Persero) Tbk                 4,44%
                                                                        Dimas Ricky Wahyu A                         Komisaris | Commissioner
   PT Waskita Karya (Persero) Tbk                         3,56%
   PT Brantas Abipraya (Persero)                          0,89%
                                                                        Direksi | Board of Directors
                                                                        A.J. Dwi Winarsa                            Direktur Utama | President Director

                                                                        Radyo Wijoyo Danubroto                      Direktur Teknik | Director of Engineering

                                                                        Edi Sutrisno                                Direktur Keuangan | Director of Finance




  Proyek Jalan Tol Jogja-Bawen
  Jogja-Bawen Toll Road Project



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01                                   02                             03                        04                                                 05
Ikhtisar Kinerja Utama               Laporan Manajemen              Profil Perusahaan          Analisa dan Pembahasan Manajemen                   Fungsi Penunjang Bisnis
Main Performace Highlights           Management Report              Company Profile            Management Discussion and Analysis                 Business Support Functions




PT Jasamarga Probolinggo
Banyuwangi (JPB)




                                                                             Gempol          Pasuruan



                                                                                         Pandaan

   Profil Singkat                                                                                                Probolinggo
   Brief Profile
                                                                                Malang
   PT JPB berdiri pada tanggal 29 Desember 2017. Sampai
   dengan 31 Desember 2025, jalan tol Probolinggo-Banyuwangi
   dalam tahap pembebasan lahan dan konstruksi sehingga                                                                                       Banyuwangi
   belum beroperasi. Pembangunan jalan tol ini merupakan
   bagian dari jaringan jalan tol Trans Jawa di sisi paling timur
   Pulau Jawa.


   PT JPB was established on December 29, 2017. On December
   31, 2025, the Probolinggo-Banyuwangi toll road is still in
   the land acquisition and construction phase and is not yet
   operational. The construction of this toll road is part of the
   Trans Java toll road network on the easternmost side of Java
   Island.



                                                                                       Jalan Tol Fase Pembebasan Lahan & Konstruksi
    Kepemilikan Saham                                                                  Toll Road in Land Acquisition & Construction Phases
    Shares Ownership

    PT Jasa Marga (Persero) Tbk                          98,47%
                                                                            Kepengurusan
    PT Brantas Abipraya (Persero)                         1,74%
                                                                            Management
    PT Waskita Karya (Persero) Tbk                        0,01%

                                                                            Dewan Komisaris | Board of Commissioners
                                                                            Abram Elsajaya Barus                        Komisaris Utama | President Commissioner

                                                                            Ince Suil Febryan Maula                     Komisaris | Commissioner


                                                                            Direksi | Board of Directors
                                                                            Adi Prasetyanto                             Direktur Utama | President Director

                                                                            Eric Januar Siahaan                         Direktur Teknik I | Director of Engineering I

                                                                            Iwan Rosa Putra                             Direktur Teknik II | Director of Engineering II

                                                                            Zulfan Pribudi                              Direktur Keuangan | Director of Finance




  Proyek Jalan Tol Probolinggo-Banyuwangi
  Probolinggo-Banyuwangi Toll Road Project



258                                                                                          Laporan Tahunan 2025 Annual Report              PT Jasa Marga (Persero) Tbk
Page 259
06                                  07                                        08
Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




PT Jasamarga Kualanamu Tol (JMKT)




                                                                                                    Medan

   Profil Singkat
   Brief Profile
                                                                                                                           Tebing Tinggi
   PT JMKT berdiri pada tanggal 25 November 2014,
   mengoperasikan ruas jalan tol Medan-Kualanamu-Tebing
   Tinggi sepanjang 61,7 km yang telah beroperasi sejak 13
   Oktober 2017. Jalan tol ini merupakan jalan tol kedua yang
   berada di Provinsi Sumatera Utara setelah jalan tol Belawan-
   Medan-Tanjung Morawa (Belmera) yang menghubungkan
   Belmera. Keberadaan jalan tol ini diharapkan dapat
   memperluas pergerakan ekonomi di seluruh area Sumatera
   Utara, tidak hanya terpusat di kota Medan.


   PT JMKT was established on November 25, 2014, operating
   the 61.7 km Medan-Kualanamu-Tebing Tinggi toll road,
   which has been operational since October 13, 2017. This
   toll road is the second toll road in North Sumatra Province
   after the Belawan-Medan-Tanjung Morawa (Belmera) toll
   road connecting Belmera. The presence of this toll road is
                                                                             Jalan Tol Beroperasi
   expected to expand economic activity throughout the North
                                                                             Operated Toll Road
   Sumatra region, not just concentrated in the city of Medan.



                                                                       Kepengurusan
   Kepemilikan Saham                                                   Management
   Shares Ownership
                                                                       Dewan Komisaris | Board of Commissioners
   PT Jasa Marga (Persero) Tbk                      55,00%             Tyas Pramoda Wardhani                   Komisaris Utama | President Commissioner
   Kings Ring Limited                               45,00%
                                                                       Andi Irianto Siahaan                    Komisaris | Commissioner

                                                                       Choi Hung Fat                           Komisaris | Commissioner


                                                                       Direksi | Board of Directors
                                                                       Thomas Dwiatmanto Hartono               Direktur Utama | President Director

                                                                       Rianto Mirin                            Direktur Keuangan | Director of Finance




  Simpang Susun Jalan Tol Medan-Kualanamu-Tebing Tinggi
  Interchange of Medan-Kualanamu-Tebing Tinggi Toll Road



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01                                  02                             03                        04                                            05
Ikhtisar Kinerja Utama              Laporan Manajemen              Profil Perusahaan          Analisa dan Pembahasan Manajemen              Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report              Company Profile            Management Discussion and Analysis            Business Support Functions




PT Jasamarga Balikpapan Samarinda (JBS)




   Profil Singkat
   Brief Profile

   PT JBS berdiri pada tanggal 06 Juni 2016. Jalan tol ini
                                                                                                              Samarinda
   terdiri dari beberapa seksi. Pengoperasian tahap 1 terdiri
   dari Seksi 2, 3 dan 4 Ruas Samboja-Samarinda sepanjang
                                                                                                                     Samboja
   64,87 km yang telah beroperasi sejak 17 Desember 2019.
   Pengoperasian penuh ditandai dengan beroperasinya Seksi                                                Balikpapan
   1 dan 5 Ruas Bandara Sepinggan-Samboja sepanjang 32,4
   km pada tanggal 25 Agustus 2021. Jalan Tol ini diharapkan
   dapat meningkatkan konektivitas antara dua kota besar di
   Kalimantan serta menghubungkan ke Ibu Kota Nusantara.
   Keberadaan jalan tol ini dapat mengurangi waktu tempuh
   perjalanan dan mendorong pengembangan kawasan industri
   di Kalimantan Timur.


   PT JBS was established on June 6, 2016. This toll road
   consists of several sections. Phase 1 operations consist of
   Sections 2, 3, and 4 of the Samboja-Samarinda section,
                                                                                  Jalan Tol Beroperasi
   spanning 64.87 km, which has been operational since
                                                                                  Operated Toll Road
   December 17, 2019. Full operation was marked by the opening
   of Sections 1 and 5 of the Sepinggan Airport-Samboja toll
   road, spanning 32.4 km, on August 25, 2021. This toll road is
   expected to improve connectivity between two major cities               Kepengurusan
   in Kalimantan and connect to the capital city of Nusantara.             Management
   The existence of this toll road can reduce travel time and
   encourage industrial development in East Kalimantan.                    Dewan Komisaris | Board of Commissioners
                                                                           Eko Sujiyanto                            Komisaris Utama | President Commissioner

                                                                           Muhammad Fauzin                          Komisaris | Commissioner
    Kepemilikan Saham                                                      Yuyun Pirngadi                           Komisaris | Commissioner
    Shares Ownership

    PT Jasa Marga (Persero) Tbk                      67,39%                Direksi | Board of Directors
    PT Wijaya Karya (Persero) Tbk                    18,29%                Muhammad Taufiq                          Direktur Utama | President Director
    PT PP (Persero) Tbk                              13,75%
                                                                           Mochamad Ichsan                          Plt. Direktur Operasi | Plt. Direktur Operasi
    PT Bangun Tjipta Sarana                           0,56%
                                                                           Andree Iskandar                          Direktur Keuangan | Director of Finance




  Jembatan Manggar, Jalan Tol Balikpapan-Samarinda
  Manggar Bridge, Balikpapan-Samarinda Toll Road



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Tata Kelola Perusahaan                Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance             Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




PT Jasamarga Manado Bitung (JMB)




   Profil Singkat                                                                                                                    Bitung
   Brief Profile

   PT JMB berdiri pada tanggal 06 Juni 2016. Jalan tol ini terdiri                                       Manado
   dari beberapa seksi. Pengoperasian tahap 1 terdiri dari Seksi
   1 hingga Seksi 2A Ruas Manado-SS Danowudu sepanjang
   26,35 km yang telah beroperasi sejak 30 September 2020.
   Pengoperasian penuh ditandai dengan beroperasinya
   Seksi 2B Ruas Danowudu-Bitung sepanjang 13,42 km pada
   tanggal 12 Maret 2022. Jalan tol ini menghubungkan Ibu Kota
   Sulawesi Utara dengan Bitung yang merupakan Kawasan
   Ekonomi Khusus (KEK) dimana terdapat Pelabuhan Bitung
   juga akan dikembangkan oleh Pemerintah sebagai akses
   utama gerbang logistik Indonesia di wilayah utara.


   PT JMB was established on June 6, 2016. This toll road
   consists of several sections. Phase 1 operations consist of
   Sections 1 to 2A of the Manado-SS Danowudu section, which
   is 26.35 km long and has been operational since September
                                                                              Jalan Tol Beroperasi
   30, 2020. Full operation was marked by the opening of
                                                                              Operated Toll Road
   Section 2B of the Danowudu-Bitung section, spanning 13.42
   km, on March 12, 2022. This toll road connects the capital
   city of North Sulawesi with Bitung, a Special Economic Zone
   (SEZ) where the Port of Bitung is also being developed by the         Kepengurusan
   government as the main logistics gateway for Indonesia in             Management
   the northern region.
                                                                         Dewan Komisaris | Board of Commissioners
                                                                         Pande Ketut Gede Karmawan       Komisaris Utama | President Commissioner

   Kepemilikan Saham                                                     Didin Wahyudin                  Komisaris | Commissioner
   Shares Ownership
                                                                         Theodorus Dondokambey           Komisaris Independen | Independent Commissioner

   PT Jasa Marga (Persero) Tbk                         64,97%
   PT Wijaya Karya (Persero) Tbk                       20,04%            Direksi | Board of Directors
   PT Pembangunan Perumahan (Persero) Tbk              14,99%
                                                                         Muhammad Taufiq                 Plt. Direktur Utama | President Director

                                                                         Tamjianto                       Direktur Teknik | Director of Engineering




  Jalan Tol Manado-Bitung
  Manado-Bitung Toll Road



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Ikhtisar Kinerja Utama                Laporan Manajemen                  Profil Perusahaan          Analisa dan Pembahasan Manajemen             Fungsi Penunjang Bisnis
Main Performace Highlights            Management Report                  Company Profile            Management Discussion and Analysis           Business Support Functions




PT Jasamarga Bali Tol (JBT)




   Profil Singkat
   Brief Profile
                                                                                                                           BALI
   PT JBT berdiri pada tanggal 22 Agustus 2011, mengoperasikan
   ruas jalan tol Nusa Dua-Ngurah Rai-Benoa (Bali Mandara)
   sepanjang 12,7 km yang telah beroperasi sejak 01 Oktober
   2013. Jalan tol ini merupakan jalan tol pertama di Pulau Bali
   dengan waktu pembangunan membutuhkan waktu selama
   kurang lebih 1,5 tahun. Jalan tol ini diresmikan oleh Presiden
   Susilo Bambang Yudhoyono pada 24 September 2013.
   Sebagai salah satu destinasi pariwisata dunia, proyek jalan                                                                          Benoa
   tol Nusa Dua-Ngurah Rai-Benoa dapat menjadi jawaban atas                                                    Ngurah
   kebutuhan sarana dan prasarana infrastruktur yang memadai                                                    Rai
   di pulau Bali.                                                                                                                       Nusa
                                                                                                                                        Dua
   PT JBT was established on August 22, 2011, operating
   the Nusa Dua-Ngurah Rai-Benoa (Bali Mandara) toll road
   section, which is 12.7 km long and has been operational
   since October 1, 2013. This toll road is the first toll road on
                                                                                        Jalan Tol Beroperasi
   the island of Bali, with construction taking approximately 1.5
                                                                                        Operated Toll Road
   years. President Susilo Bambang Yudhoyono inaugurated
   the toll road on September 24, 2013. As one of the world’s
   tourist destinations, the Nusa Dua-Ngurah Rai-Benoa toll
   road project can be the answer to the need for adequate                       Kepengurusan
   infrastructure facilities and infrastructure on the island of Bali.           Management

                                                                                 Dewan Komisaris | Board of Commissioners
    Kepemilikan Saham                                                            Lisye Octaviana                          Komisaris Utama | President Commissioner
    Shares Ownership                                                             Anak Agung Ngurah Maha Diptha            Komisaris | Commissioner

    PT Jasa Marga (Persero) Tbk                           64,44%                 Kompyang Raka Swandika                   Komisaris | Commissioner
    PT Pelabuhan Indonesia (Persero)                      13,86%
                                                                                 Wahyudi                                  Plt. Komisaris | Acting Commissioner
    Pemerintah Provinsi Bali                               6,32%
    Pemerintah Kabupaten Badung                            6,32%
    PT Angkasa Pura Indonesia                              6,31%                 Direksi | Board of Directors
    PT Pengembangan Pariwisata Indonesia (ITDC)            0,79%                 I Ketut Adiputra Karang                  Direktur Utama | President Director
    PT Hutama Karya (Persero)                              0,79%
                                                                                 I Wayan Eka Saputra                      Direktur Keuangan | Director of Finance
    PT Adhi Karya (Persero) Tbk                            0,79%
    PT Wijaya Karya (Persero) Tbk                          0,40%




  Jalan Tol Bali Mandara
  Bali Mandara Toll Road



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Tata Kelola Perusahaan                 Tanggung Jawab Sosial Perusahaan              Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance              Corporate Social Responsibility               Reference of POJK, SEOJK, and ARA Criteria




PT Jasamarga Jogja Solo (JMJ)*




                                                                                                                                              Demak

                                                                                         Batang
                                                                          Pemalang                                                Semarang

   Profil Singkat
   Brief Profile                                                                                JAWA                               Bawen

                                                                                               TENGAH
   PT JMJ merupakan entitas anak Perseroan yang berdiri pada
   tanggal 09 September 2020 dalam rangka pengusahaan jalan
   tol Solo-Yogyakarta-NYIA Kulon Progo. Sampai dengan 31
   Desember 2024, jalan tol Solo-Yogyakarta-NYIA Kulonprogo
   sudah dalam tahap konstruksi, beroperasi sebagian &
                                                                                                                                                    Solo
   fungsional. Pembangunan jalan tol ini diharapkan dapat
   mempermudah mobilitas masyarakat, arus barang, dan jasa                                            Kulonprogo
   serta meningkatkan perekonomian di wilayah selatan Jawa                                                                    Yogyakarta
   Tengah.


   PT JMJ is a subsidiary of the Company established on
   September 9, 2020, for the purpose of operating the Solo-
   Yogyakarta-NYIA Kulon Progo toll road. On December 31,
   2024, the Solo-Yogyakarta-NYIA Kulon Progo toll road is
   under construction, partially operational, and functional. The
   construction of this toll road is expected to facilitate mobility
                                                                                     Jalan Tol Beroperasi               Jalan Tol Fase Pembebasan Lahan & Konstruksi
   for the public, the flow of goods and services, and boost the
                                                                                     Operated Toll Road                 Toll Road in Land Acquisition & Construction Phases
   economy in the southern part of Central Java.



                                                                            Kepengurusan
   Kepemilikan Saham                                                        Management
   Shares Ownership
                                                                            Dewan Komisaris | Board of Commissioners
   PT Jasa Marga (Persero) Tbk                           52,82%             Inonu Ferryanto                   Komisaris Utama | President Commissioner
   PT Adhi Karya (Persero) Tbk                            47,18%
                                                                            Sri Mulyani                       Wakil Komisaris Utama | Vice President Commissioner

                                                                            Sayed Junaidi Rizaldi             Komisaris | Commissioner


                                                                            Direksi | Board of Directors
                                                                            Rudy Hardiansyah                  Direktur Utama | President Director

Keterangan:                                                                 Yhanni Haryanto                   Direktur Keuangan | Director of Finance
*) Di tahun 2025, PT JMJ telah menjadi Entitas Anak Perseroan.
                                                                            Pristi Wahyono                    Direktur Teknik | Director of Engineering




  Jalan Tol Solo-Yogyakarta-NYIA Kulonprogo
  Solo-Yogyakarta-NYIA Kulonprogo Toll Road



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Ikhtisar Kinerja Utama             Laporan Manajemen                Profil Perusahaan         Analisa dan Pembahasan Manajemen                   Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report                Company Profile           Management Discussion and Analysis                 Business Support Functions




PT Jasamarga Akses Patimban (JAP)




                                                                                                                     Patimban


                                                                                        Cikampek
   Profil Singkat
   Brief Profile
                                                                                                              Subang
   PT JAP berdiri tanggal 16 Januari 2023 yang bergerak di                                    Purwakarta                            Palimanan
   bidang pengusahaan ruas jalan tol Akses Patimban. Sampai                                                                                                Cirebon
   dengan akhir tahun 2025, PT JAP masih dalam tahap                                                                                                               Pejagan
   pembebasan lahan. Pembangunan jalan tol ini diharapkan                                        Padalarang

   dapat meningkatkan konektivitas di Provinsi Jawa Barat yang                                                           Sumedang
                                                                                                      Bandung
   menghubungkan Pelabuhan Patimban dengan ruas jalan tol
   Cikopo-Palimanan yang termasuk dalam jaringan jalan tol                                                        Cileunyi
   Trans Jawa.


   PT JAP was established on January 16, 2023, and is engaged
   in the operation of the Patimban Access toll road. Until the
   end of 2025, PT JAP is still in the land acquisition stage.
   The construction of this toll road is expected to improve
   connectivity in West Java Province, connecting Patimban
   Port with the Cikopo-Palimanan toll road, which is part of the
   Trans Java toll road network.
                                                                                       Jalan Tol Fase Pembebasan Lahan & Konstruksi
                                                                                       Toll Road in Land Acquisition & Construction Phases


    Kepemilikan Saham
    Shares Ownership                                                        Kepengurusan
                                                                            Management
      PT Jasa Marga (Persero) Tbk                        66,22%
      PT Nusa Raya Cipta                                 22,82%
                                                                            Dewan Komisaris | Board of Commissioners
      PT Adhi Karya (Persero) Tbk                         7,22%
                                                                            Truly Nawangsasi                           Komisaris Utama | President Commissioner
      PT PP (Persero) Tbk                                 3,02%
      PT Waskita Toll Road                                0,22%             Hudaya Arryanto Sumadhija                  Komisaris | Commissioner
      PT Subang Sejahtera                                  0,5%
                                                                            Lasarus Bambang S                          Komisaris | Commissioner


                                                                            Direksi | Board of Directors
                                                                            Victor Nazarenko Mahandre                  Direktur Utama | President Director

                                                                            Dyah Indra Arianti                         Direktur Teknik | Director of Engineering

                                                                            Antonius Chandra Satya                     Direktur Keuangan | Director of Finance




  Sketsa 3D Jalan Tol Akses Patimban
  3D Sketch of Akses Patimban Toll Road



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Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




PT Jasamarga Transjawa Tol (JTT)




   Profil Singkat
   Brief Profile

   PT JTT berdiri pada tahun 2017 (pada mulanya berbentuk
   Regional   Transjawa)   berperan     sebagai     koordinator
   pengelolaan dan pengendalian 13 ruas jalan tol Jasa Marga di
   sepanjang Transjawa, meliputi: Jalan Tol Jakarta-Cikampek;
   Palimanan-Kanci; Semarang Seksi A, B, C; Surabaya-
   Gempol; Semarang-Batang; Solo-NgawI; Ngawi-Kertosono;
   Surabaya-Mojokerto; Gempol-Pasuruan; Gempol-Pandaan;
   Semarang-Solo; Pandaan-Malang; Jalan Tol Layang MBZ.
                                                                        Kepengurusan
                                                                        Management
   Pada tanggal 27 September 2024, dilakukan pengalihan
   saham milik PT Jasa Marga (Persero) Tbk, peningkatan
                                                                        Dewan Komisaris | Board of Commissioners
   modal ditempatkan dan disetor, pengambilbagian atas
   saham-saham baru, dan perubahan pengurus PT JTT.                     Ahmad Nasir Siregar                  Komisaris Utama | President Commissioner

                                                                        Francis Emmanuel Dalupan Rojas       Komisaris | Commissioner
   PT JTT was established in 2017 (initially as Regional
   Transjawa) and acts as the coordinator for the management            Beni                                 Komisaris | Commissioner
   and control of 13 Jasa Marga toll road sections along Trans
   Java network, including: Jakarta-Cikampek Toll Road;
   Palimanan-Kanci; Semarang Sections A, B, C; Surabaya-                Direksi | Board of Directors
   Gempol; Semarang-Batang; Solo-Ngawi; Ngawi-Kertosono;
                                                                        Rudi Kurniadi                        Direktur Utama | President Director
   Surabaya-Mojokerto; Gempol-Pasuruan; Gempol-Pandaan;
   Semarang-Solo; Pandaan-Malang; MBZ Elevated Toll Road.               Siti Sarah                           Direktur Keuangan | Director of Finance

                                                                        Pratomo Bimawan Putra                Direktur Operasional | Director of Operational
   On September 27, 2024, the transfer of shares owned by
   PT Jasa Marga (Persero) Tbk, an increase in issued and paid-                                              Direktur Bisnis dan Strategi | Director of Business
                                                                        Omar Danni Hasan
   up capital, the acquisition of new shares, and changes to the                                             and Strategic
   management of PT JTT were carried out.
                                                                                                             Direktur Risiko dan Kepatuhan | Director of Risk and
                                                                        Denn Charly Gonzales Espanola
                                                                                                             Compliance

   Kepemilikan Saham
   Shares Ownership

   PT Jasa Marga (Persero) Tbk                       65,00%
   PT Metro Pacific Tollways Indonesia Services      20,30%
   Warrington Investment Pte. Ltd                    10,47%
   PT Marga Utama Nusantara                           4,24%




  Jalan Tol Jakarta-Cikampek dan Jalan Layang MBZ
  The Jakarta–Cikampek Toll Road and the MBZ Flyover



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Ikhtisar Kinerja Utama              Laporan Manajemen             Profil Perusahaan      Analisa dan Pembahasan Manajemen             Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report             Company Profile        Management Discussion and Analysis           Business Support Functions




PT Jasamarga Tollroad Operator (JMTO)




                                                                                     Kepemilikan Saham
     Profil Singkat
                                                                                     Shares Ownership
     Brief Profile

                                                                                     PT Jasa Marga (Persero) Tbk                       99,98%
     PT JMTO adalah perusahaan yang fokus dalam bidang pengoperasian jalan
                                                                                     Inkopkar Jasa Marga                                0,02%
     tol, khususnya jasa layanan transaksi pengumpulan tol. PT JMTO yang
     awalnya bernama PT Jasa Layanan Operasi (JLO) didirikan pada tanggal
     21 Agustus 2015. Sebagai market leader di bidang pengoperasian jalan tol,
     JMTO memiliki fokus utama kepuasan dan kepercayaan pengguna jalan               Kepengurusan
     tol/pelanggan dengan meningkatkan kualitas layanan transaksi melalui            Management
     peningkatan kompetensi SDM, menerapkan Standar Pelayanan Minimum
     (SPM) dengan target maksimal 3-4 detik untuk setiap transaksi per               Dewan Komisaris | Board of Commissioners
     kendaraan, menerapkan sistem integrasi data yang aman dan terpercaya,
                                                                                     Ir. Mira Handayani S          Komisaris Utama | President Commissioner
     serta menerapkan sistem pemantauan online yang terpusat.
                                                                                                                   Komisaris Independen | Independent
                                                                                     Mashudi
     PT JMTO akan mengembangkan usahanya ke bidang layanan lalu lintas dan                                         Commissioner
     jasa layanan lainnya, di antaranya, pengembangan Electronic Toll Collection
                                                                                     Wishnu Prawira Asmawi         Komisaris | Commissioner
     (ETC) serta pengelolaan perlengkapan dan peralatan teknologi penunjang
     operasi jalan tol untuk mengatasi kendala dan hambatan yang terjadi di          Yudha Wasita Kartika Putra    Komisaris | Commissioner
     lapangan. Dengan pengalaman dan kompetensi yang mumpuni, PT JMTO
                                                                                     Didyk Choiroel                Komisaris | Commissioner
     adalah mitra yang andal dan terpercaya bagi Badan Usaha Jalan Tol (BUJT),
     tidak hanya pada ruas jalan tol Jasa Marga, namun juga pada ruas jalan tol
     milik BUJT lainnya.
                                                                                     Direksi | Board of Directors
     PT JMTO is a company that focuses on toll road operations, particularly toll    Tri Wahyu Subekti        Direktur Utama | President Director
     collection services. PT JMTO, formerly known as PT Jasa Layanan Operasi
                                                                                     Herlambang Septiaji      Direktur Keuangan | Director of Finance
     (JLO), was established on August 21, 2015. As the market leader in toll
     road operations, JMTO prioritizes user satisfaction and trust by enhancing                               Direktur Teknologi Informasi | Director of
                                                                                     Shandy Maulana Haris
     transaction service quality through improved human resource capabilities,                                Information Technology
     implementing Minimum Service Standards (SPM) with a target of 3-4
                                                                                                              Direktur Human Capital dan Manajemen Risiko|
     seconds per transaction per vehicle, adopting secure and reliable data          Zakaria
                                                                                                              Director of Human Capital and Risk Management
     integration systems, and deploying a centralized online monitoring system.
                                                                                     Hadha Alamajibuwono      Direktur Operasi | Director of Operations
     PT JMTO will expand its business into traffic services and other services,
     including the development of Electronic Toll Collection (ETC) and the
     management of equipment and technological tools to support toll road
     operations to solve operational issues and obstacles. With its extensive
     experience and expertise, PT JMTO is a reliable and trusted partner for Toll
     Road Business Entities (BUJT), not only on Jasa Marga toll roads but also on
     toll roads owned by other BUJTs.




  Pelayanan Lalu Lintas di Jalan Tol Jasa Marga Grup
  Traffic Services on Jasa Marga Grup’s Toll Road



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Tata Kelola Perusahaan                Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance             Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




PT Jasamarga Tollroad Maintenance (JMTM)




   Profil Singkat                                                        Kepengurusan
   Brief Profile                                                         Management

   PT JMTM merupakan perusahaan yang bergerak di bidang                  Dewan Komisaris | Board of Commissioners
   Jasa Manajemen Preservasi Jalan Tol dan Konstruksi yang               George I.M.P Manurung             Komisaris Utama | President Commissioner
   meliputi kegiatan perencanaan dan pelaksanaan preservasi
   jalan tol, peningkatan kapasitas jalan tol dan Konstruksi dalam       Agustin Lumban Gaol               Komisaris | Commissioner
   rangka pemenuhan Standar Pelayanan Minimal (SPM) jalan                Nasarudin                         Komisaris | Commissioner
   tol pada ruas-ruas jalan tol yang dioperasikan oleh PT Jasa
   Marga (Persero) Tbk dan kelompok usahanya.                            Zulhamedy                         Komisaris | Commissioner


   PT JMTM is a company engaged in Toll Road Preservation
   Management and Construction Services, which includes
                                                                         Direksi | Board of Directors
   planning and implementing toll road preservation, increasing          Suchandra Paganda Hutabarat      Direktur Utama | President Director
   toll road capacity, and construction to meet the Minimum
                                                                                                          Direktur Keuangan dan Manajemen Risiko | Director of
   Service Standards (SPM) for toll roads on sections of toll            Dadan Waradia
                                                                                                          Finance & Risk Management
   roads operated by PT Jasa Marga (Persero) Tbk and its
   business group.                                                       Adhi Kristiawan                  Direktur Operasi | Director of Operations

                                                                                                          Direktur Proyek Konstruksi & Pengembangan
                                                                         Linda Pakpahan                   Bisnis | Director of Construction Project & Business
   Kepemilikan Saham                                                                                      Development
   Shares Ownership

   PT Jasa Marga (Persero) Tbk                           99,82%
   Inkopkar Jasa Marga                                    0,18%




  Layanan Bridge Inspection PT Jasamarga Tollroad Maintenance
  Bridge Inspection Services by PT Jasamarga Tollroad Maintenance



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Ikhtisar Kinerja Utama              Laporan Manajemen                 Profil Perusahaan          Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report                 Company Profile            Management Discussion and Analysis             Business Support Functions




PT Jasamarga Related Business (JMRB)




   Profil Singkat                                                             Kepemilikan Saham
   Brief Profile                                                              Shares Ownership

   PT JMRB berdiri pada 15 Januari 2013, sebagai anak                         PT Jasa Marga (Persero) Tbk                                            99,94%
   perusahaan PT Jasa Marga (Persero) Tbk bidang usaha non-                   Inkopkar Jasa Marga                                                     0,06%
   jalan tol. PT JMRB dibentuk dalam rangka memaksimalkan
   potensi bisnis di sekitar jalan tol milik Jasa Marga Grup guna
   mendukung perkembangan bisnis PT Jasa Marga (Persero)                      Kepengurusan
   Tbk. Berdasarkan hasil Rapat Umum Pemegang Saham                           Management
   Tahunan Tahun Buku 2019, PT Jasa Marga (Persero) Tbk
   menetapkan bahwa PT JMRB merupakan salah satu “Core
                                                                              Dewan Komisaris | Board of Commissioners
   Business“ PT Jasa Marga (Persero) Tbk. Adapun bidang usaha
                                                                              Yohanes Baptista
   PT JMRB antara lain, bidang pengembangan properti/Toll                                             Komisaris Utama | President Commissioner
                                                                              Satya Sannagureha
   Corridor Development (TCD), Tempat Istirahat dan Pelayanan
   (TIP), dan utilitas, building management, serta bisnis komersil.           Palsal Sangadji         Komisaris | Commissioner

   PT JMRB was established on January 15, 2013, as a subsidiary               Syafruddin Budiman      Komisaris | Commissioner
   of PT Jasa Marga (Persero) Tbk in the non-toll road business               Samira Alatas           Komisaris | Commissioner
   sector. PT JMRB was formed to maximize business potential
   around Jasa Marga Group’s toll roads to support the business               Ancilla Yanny Irmella   Komisaris Independen | Independent Commissioner
   development of PT Jasa Marga (Persero) Tbk. Based on the
   results of the 2019 Annual General Meeting of Shareholders,
                                                                              Direksi | Board of Directors
   PT Jasa Marga (Persero) Tbk determined that PT JMRB is one
                                                                              Netty Renova            Direktur Utama | Direktur Utama
   of the “core businesses” of PT Jasa Marga (Persero) Tbk. The
   business areas of PT JMRB include property development/Toll                                        Direktur Keuangan, SDM, dan Umum | Direktur Keuangan, SDM,
                                                                              Hendra Gunawan
   Corridor Development (TCD), Rest Areas and Services (TIP),                                         dan Umum
   utilities, building management, and commercial businesses.
                                                                              Bayu Nurbaya            Direktur Bisnis Koridor Jalan Tol | Direktur Bisnis Koridor Jalan Tol

                                                                                                      Direktur Bisnis Fasilitas Jalan Tol | Director of Toll Road Corridor
                                                                              Bimo Esmunantyo
                                                                                                      Business




  Tempat Istirahat (TI) Pengembangan KM 05 Jagorawi dengan konsep Toll Corridor Development (TCD) Travoy Hub
  Rest Area (TI) Development of KM 05 Jagorawi with the Toll Corridor Development (TCD) concept at Travoy Hub



268                                                                                             Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 269
06                                   07                                         08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




PT Jalantol Lingkarluar Jakarta (JLJ)*




   Profil Singkat
   Brief Profile

PT JLJ didirikan pada tanggal 22 Desember 2000 yang bergerak di bidang           PT JLJ was established on December 22, 2000, and is engaged in Transaction
Jasa Manajemen Layanan Transaksi, Jasa Manajemen Layanan Lalu Lintas dan         Management Services, Traffic Management Services, and Toll Road
Jasa Layanan Preservasi Jalan Tol dan Pengamanan aset Jalan Tol Lingkar Luar     Preservation and Security Services for the Jakarta Outer Ring Road (JORR),
Jakarta (JORR) yang meliputi seksi W2 (Ruas Pondok Pinang-Ulujami), seksi S      which includes section W2 (Pondok Pinang-Ulujami Toll Road), section S
(Ruas Pondok Pinang-TMII IC), seksi E1 (Ruas TMII IC-Cikunir IC) dan seksi E2    (Pondok Pinang-TMII IC Toll Road), section E1 (TMII IC-Cikunir IC Toll Road)
+ E3 (Ruas Cikunir IC-Rorotan) serta Ruas Ulujami-Pondok Aren-Serpong dan        and sections E2 + E3 (Cikunir IC-Rorotan Toll Road), as well as the Ulujami-
Pondok Ranji.Pada tahun 2016 hak pengoperasian Jalantol Lingkarluar Jakarta      Pondok Aren-Serpong and Pondok Ranji sections. In 2016, the Jalantol
Ruas Pondok Pinang-Jagorawi (seksi S) yang semula berada pada Jasa Marga         Lingkarluar Jakarta’s operating rights for Pondok Pinang-Jagorawi Toll Road
dialihkan kepada PT Hutama Karya (Persero). Menindaklanjuti hal tersebut         (section S), which Jasa Marga originally held, were transferred to PT Hutama
di atas PT Hutama Karya melakukan kerja sama di bidang pengoperasian,            Karya (Persero). Following up on the above, PT Hutama Karya entered into a
pengamanan dan preservasi jalan tol JORR Seksi S (Ruas Pondok Pinang-            partnership with JLJ in the operation, security, and preservation of the JORR
Jagorawi) dengan JLJ.                                                            Section S (Pondok Pinang-Jagorawi Toll Road) toll road.

Terhitung sejak tanggal 1 Januari 2020, PT Jasa Marga (Persero) Tbk.             Effective January 1, 2020, PT Jasa Marga (Persero) Tbk. has transferred the
menetapkan pengalihan pelaksanaan pekerjaan preservasi ruas JORR Non S           preservation work of the JORR Non-S section to PT Jasa Marga Tollroad
kepada PT Jasa Marga Tollroad Maintenance (PT JMTM). Sejak tanggal 1 April       Maintenance (PT JMTM). As of April 1, 2020, PT Jasa Marga (Persero) Tbk.
2020, PT Jasa Marga (Persero) Tbk. menetapkan pengalihan pelaksanaan             has transferred the operation of the JORR Non-S section to PT Jasa Marga
pengoperasian ruas JORR Non S kepada PT Jasa Marga Tollroad Operator (PT         Tollroad Operator (PT JMTO). From April 1, 2020, to the present, PT JLJ has
JMTO). Mulai tanggal 1 April 2020 sampai dengan saat ini, PT JLJ melaksanakan    been operating the JORR Section S toll road, namely from the Pondok Pinang-
pengoperasian tol JORR Seksi S, yaitu dari Ruas Pondok Pinang-Jagorawi.          Jagorawi Toll Road. On May 8, 2024, an Extraordinary General Meeting of
Pada tanggal 8 Mei 2024, telah diadakan Rapat Umum Pemegang Saham Luar           Shareholders (EGMS) of PT JLJ was held, with the decision to close PT Jalantol
Biasa (RUPSLB) PT JLJ dengan keputusan yaitu untuk melakukan penutupan           Lingkarluar Jakarta and appoint a liquidator for the dissolution process.
pada PT Jalantol Lingkarluar Jakarta serta menunjuk likuidator terkait proses
pembubarannya.




   Kepemilikan Saham                                                                  Kepengurusan
   Shares Ownership                                                                   Management

   PT Jasa Marga (Persero) Tbk                            99,99%
   Inkopkar Jasa Marga                                     0,01%                      Moch. Alfi Muzakki            Direktur Utama | President Director



   Keterangan | Notes:
   *) Di tahun 2025, Perseroan telah melakukan likuidasi terhadap PT JLJ
   *) In 2025, the Company liquidated PT JLJ.




  Jasa Manajamen Layanan Lalu Lintas PT JLJ
  Traffic Services Management of PT JLJ



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Ikhtisar Kinerja Utama             Laporan Manajemen             Profil Perusahaan           Analisa dan Pembahasan Manajemen                           Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report             Company Profile             Management Discussion and Analysis                         Business Support Functions




Ventura Bersama
Joint Venture
Tabel Ventura Bersama
Table of Joint Venture

                                                                                          Persentase
                                                                                                                                                           Total Aset
                                                                                          Kepemilikan
                                                                                                                  Status Operasi                     (dalam juta Rupiah)
   Perusahaan                      Bidang Usaha                       Domisili             Ownership
                                                                                                                     Status of                            Total Assets
    Company                       Line of Business                    Domicile            Percentage
                                                                                                                    Operation                        (in millions of rupiah)
                                                                                              (%)
                                                                                       2025           2024                                           2025            2024
                      Pengusahaan Ruas Jalan Tol Lingkar
 PT Marga             Luar Jakarta Seksi W2 Utara
                                                                                                                       Beroperasi
 Lingkar Jakarta      Jakarta Outer Ring Road                         Jakarta           51,00         51,00                                      1.718.196         1.639.713
                                                                                                                       Operated
 (MLJ)                Section W2 North Toll
                      Road Concession Holder



Profil Singkat Ventura Bersama
Brief Profile of Joint Venture

PT Marga Lingkar Jakarta (MLJ)




                                                                                           Cengkareng        Penjaringan

                                                                                          Batuceper                    Pluit
                                                                                                                                                Cilincing
                                                                                                                                      Kelapa
                                                                                                     Kebon               Tomang       Gading     Cakung
                                                                                                     Jeruk
     Profil Singkat                                                                                                                                                  Cibitung
     Brief Profile                                                                        Kunciran                       Cawang                           Bekasi
                                                                                                      Ulujami
                                                                                                                       Antasari            Cikunir
     PT MLJ merupakan entitas anak Perseroan yang berdiri tanggal 24                            Serpong
     Agustus 2009, mengoperasikan jalan tol JORR W2 Utara (Ulujami-
     Kebon Jeruk) sepanjang 7,87 km. Jalan tol ini merupakan bagian
     dari jalan tol Jakarta Outer Ring Road (JORR) yang diresmikan pada
                                                                                                              Cinere
     27 Desember 2013 dan beroperasi secara penuh pada 22 Juli 2014.                                                       Cimanggis


     PT MLJ is a Company subsidiary established on August 24, 2009,                                                       Depok
     operating the 7.87 km JORR W2 North (Ulujami-Kebon Jeruk) toll
     road. This toll road is part of the Jakarta Outer Ring Road (JORR)                                      Salabenda
     toll road, which was inaugurated on December 27, 2013, and
     became fully operational on July 22, 2014.                                                 Simpang Semplak
                                                                                                                                  Sentul
                                                                                                                  Bogor

     Kepemilikan Saham
     Shares Ownership
                                                                                           Jalan Tol Beroperasi
                                                                                           Operated Toll Road
     PT Jasa Marga (Persero) Tb                               51,00%
     PT Jakarta Marga Jaya                                    49,00%


                                                                                    Kepengurusan
                                                                                    Management

                                                                                    Dewan Komisaris | Board of Commissioners
                                                                                    Firman Yosafat Siregar             Komisaris Utama | President Commissioner

                                                                                    Ratna Indrasari                    Komisaris Independen | Independent Commissioner

                                                                                    Oktavianus Achirudin               Komisaris | Commissioner


                                                                                    Direksi | Board of Directors
                                                                                    Widiyatmiko Nursejati              Plt. Direktur Utama | Acting President Director

                                                                                    Daisy Setiawan                     Direktur Keuangan | Director of Finance




 Simpang Susun Meruya Jalan Tol Ulujami-Kebon Jeruk
 Meruya Interchange on the Ulujami–Kebon Jeruk Toll Road



270                                                                                        Laporan Tahunan 2025 Annual Report                   PT Jasa Marga (Persero) Tbk
Page 271
06                                     07                                         08
Tata Kelola Perusahaan                 Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance              Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




Entitas Asosiasi
Associates
Tabel Entitas Asosiasi
Table of Associates

                                                                                           Persentase
                                                                                                                                              Total Aset
                                                                                           Kepemilikan
                                                                                                                Status Operasi          (dalam juta Rupiah)
   Perusahaan                        Bidang Usaha                      Domisili             Ownership
                                                                                                                   Status of                 Total Assets
    Company                         Line of Business                   Domicile            Percentage
                                                                                                                  Operation             (in millions of rupiah)
                                                                                               (%)
                                                                                       2025         2024                                 2025          2024
                       Pengusahaan Jalan Tol Cinere-
 PT Translingkar
                       Jagorawi                                                                                    Beroperasi
 Kita Jaya                                                             Jakarta         21,24        21,24                             4.380.228       4.395.314
                       Cinere-Jagorawi Toll Road                                                                    Operate
 (TLKJ)
                       Concession Holder

                       Pengusahaan Jalan Tol Bogor-
 PT Bogor
                       Serpong                                                                                  Pengembangan
 Serpong Infra                                                         Jakarta         26,00        26,00                              224.373            -
                       Bogor-Serpong Toll Road                                                                   Development
 Selaras (BSIS)
                       Concession Holder



Profil Singkat Entitas Asosiasi
Brief Profile of Associates

PT Translingkar Kita Jaya (TLKJ)
                                                                          Kepemilikan Saham
                                                                          Shares Ownership

                                                                          PT Transindo Karya Investama                                                78,00%
                                                                          PT Jasa Marga (Persero) Tbk                                                 21,24%
                                                                          PT Kopnatel Jaya                                                             0,76%




    Profil Singkat                                                        Kepengurusan
    Brief Profile                                                         Management

PT TLKJ merupakan entitas asosiasi Perseroan yang didirikan               Dewan Komisaris | Board of Commissioners
dalam rangka pengusahaan jalan tol Cinere-Jagorawi. Jalan tol
                                                                          Ir. Sudiro Roi Santoso          Komisaris Utama | President Commissioner
ini merupakan bagian dari jaringan jalan tol Jakarta Outer Ring
Road II (JORR II) bersama dengan jalan tol Kunciran-Cengkareng,           Antonius Irwan Oetama           Komisaris | Commissioner
jalan tol Kunciran-Serpong, dan jalan tol Cinere-Serpong yang
                                                                          Ir. Teddy Surianto              Komisaris | Commissioner
diharapkan dapat menambah keleluasaan distribusi barang dan
pergerakan ekonomi dari wilayah Jakarta ke sekitar Jakarta.               Bastillah Noor                  Komisaris | Commissioner


PT TLKJ is an associated entity of the Company established
                                                                          Direksi | Board of Directors
for the purpose of operating the Cinere-Jagorawi toll road. This
toll road is part of the Jakarta Outer Ring Road II (JORR II) toll        Ir. Hilman Muchsin              Direktur Utama | President Director
road network, along with the Kunciran-Cengkareng toll road, the           Alfiandra                       Direktur Teknik | Director of Engineering
Kunciran-Serpong toll road, and the Cinere-Serpong toll road,
which are expected to increase the flexibility of goods distribution      Cherly P. Santoso               Direktur Keuangan | Director of FInance
and economic movement from the Jakarta area to its surrounding
areas.




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Ikhtisar Kinerja Utama               Laporan Manajemen                 Profil Perusahaan           Analisa dan Pembahasan Manajemen              Fungsi Penunjang Bisnis
Main Performace Highlights           Management Report                 Company Profile             Management Discussion and Analysis            Business Support Functions




PT Bogor Serpong Infra Selaras (BSIS)


                                                                               Kepemilikan Saham
                                                                               Shares Ownership

                                                                               PT Jasa Marga (Persero) Tbk                                             26,00%
                                                                               PT Persada Utama Infra                                                  52,00%
                                                                               PT Adhi Karya (Persero) Tbk                                             12,00%
                                                                               PT Hutama Karya Infrastruktur                                           10,00%

     Profil Singkat
     Brief Profile
                                                                                Kepengurusan
     PT BSIS merupakan entitas asosiasi Perseroan yang didirikan                Management
     dalam rangka pengusahaan jalan tol Bogor-Serpong. Jalan tol
     ini merupakan bagian dari jaringan jalan tol Jakarta Outer Ring
                                                                                Dewan Komisaris | Board of Commissioners
     Road III (JORR III) yang terkoneksi dengan ruas jalan tol Bogor
                                                                                Aldrin Maulana                  Komisaris Utama | President Commissioner
     Ring Road yang diharapkan dapat menambah keleluasaan.
                                                                                Aditya Ellyus                   Komisaris | Commissioner
     PT BSIS is an associated entity of the Company established
                                                                                Irvanus Ellyus                  Komisaris | Commissioner
     for the purpose of operating the Bogor-Serpong toll road.
     This toll road is part of the Jakarta Outer Ring Road III (JORR            Muhammad Rozi Rinjayadi         Komisaris | Commissioner
     III) toll road network, which is connected to the Bogor Ring
     Road toll road section, expected to enhance connectivity.
                                                                                Direksi | Board of Directors
                                                                                Eldy Ellyus                     Direktur Utama | President Director

                                                                                Dede Hasbullah Halim            Direktur | Director

                                                                                Rosma Indriyani                 Direktur Teknik | Director of Engineering

                                                                                Vito Adivta Nugraha             Direktur Keuangan | Director of Finance




Entitas Anak dan Ventura Bersama PT JTT
Subsidiaries and Joint Venture of PT JTT

Sehubungan dengan dilakukannya pengalihan spin-off atas                                   Due to the spin-off of 13 toll road sections owned by the
13 ruas jalan tol yang dimiliki Perseroan ke PT JTT per 1                                 Company to PT JTT as of July 1, 2022, the profiles of six toll
Juli 2022, profil 6 (enam) entitas anak jalan tol dan 3 (tiga)                            road subsidiaries and 3 (three) joint ventures of PT JTT are
ventura bersama PT JTT adalah sebagai berikut:                                            as follows:




272                                                                                              Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 273
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Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Profil Singkat Entitas Anak PT JTT
Brief Profile of PT JTT Subsidiaries
PT Jasamarga Semarang Batang (JSB)




                                                                               Batang

                                                                                                                                       Demak

                                                                          Pemalang
                                                                                                                               Semarang
   Profil Singkat                                                                                                             Bawen
   Brief Profile
                                                                                         JAWA
   PT JSB berdiri pada tanggal 21 April 2016, mengoperasikan                            TENGAH                                          Solo
   ruas jalan tol Batang-Semarang sepanjang 74,90 km. Jalan
   tol ini merupakan bagian dari jaringan jalan tol Trans Jawa
   di mana pembangunan konstruksi jalan tol ini dimulai pada
   Agustus 2016 dan telah beroperasi penuh pada 20 Desember                                         Kulonprogo           Yogyakarta
   2018. Jalan tol ini membentang dari Kabupaten Batang hingga
   Kota Semarang, dan terhubung dengan dua ruas tol lainnya,
                                                                                                                       YOGYAKARTA
   yaitu Pemalang- Batang dan Semarang ABC. Adanya jalan tol
   ini bertujuan untuk meningkatkan konektivitas antar wilayah
   pada beberapa kota vital di Jawa Tengah.


   PT JSB was established on April 21, 2016, operating the 74.90
   km Batang-Semarang toll road. This toll road is part of the
   Trans Java toll road network, with construction beginning in
   August 2016 and full operation commencing on December
   20, 2018. The toll road stretches from Batang Regency to                  Jalan Tol Beroperasi
                                                                             Operated Toll Road
   Semarang City and connects to two other toll road sections,
   namely Pemalang-Batang and Semarang ABC. The toll road
   aims to improve connectivity between several vital cities in
                                                                        Kepengurusan
   Central Java.
                                                                        Management

                                                                        Dewan Komisaris | Board of Commissioners
   Kepemilikan Saham
                                                                        Budy Sultan                       Komisaris Utama | President Commissioner
   Shares Ownership
                                                                        Rina Dwi Andini                   Komisaris | Commissioner
   PT Jasamarga Transjawa Tol                        44,18%
                                                                        Choi Hung Fat                     Komisaris | Commissioner
   PT King Bless Limited                             39,77%
   PT Lintas Marga Jawa                              16,05%
                                                                        Direksi | Board of Directors
                                                                        Nasrullah                         Direktur Utama | President Director

                                                                        Sofyan Abdu Syech                 Direktur Keuangan | Director of Finance

                                                                                                          Direktur Teknik dan Operasional | Director of Engineering
                                                                        Daru Satrio
                                                                                                          and Operations




  Jalan Tol Batang-Semarang
  Batang-Semarang Toll Road



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Ikhtisar Kinerja Utama              Laporan Manajemen                Profil Perusahaan           Analisa dan Pembahasan Manajemen                 Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report                Company Profile             Management Discussion and Analysis               Business Support Functions




PT Jasamarga Solo Ngawi (JSN)




                                                                                                  Demak

                                                                                        Semarang


   Profil Singkat                                                                       Bawen
   Brief Profile                                                                                                                 Ngawi
                                                                                                                                                               Mojekerto


                                                                                                                                             Kertosono
   PT JSN berdiri pada tanggal 24 Maret 2009, mengoperasikan
   ruas jalan tol Solo-Ngawi sepanjang 91,1 km. Jalan tol ini
   merupakan bagian dari jaringan jalan tol Trans Jawa dan
   telah beroperasi penuh sejak tahun 2018. Adanya jalan tol                                       Solo
                                                                                                                                 JAWA
   ini diharapkan mampu menjadi katalis positif peningkatan                                                                      TIMUR
                                                                               Yogyakarta
   mobilitas arus orang, barang, dan jasa serta peningkatan
   perekonomian khususnya di wilayah Jawa Tengah.                               YOGYAKARTA                                                        Kediri



   PT JSN was established on March 24, 2009, and operates
   the Solo-Ngawi toll road section spanning 91.1 km. This toll
   road is part of the Trans Java toll road network and has been
   fully operational since 2018. The presence of this toll road is
   expected to serve as a positive catalyst for enhancing the
   mobility of people, goods, and services, as well as boosting
   the economy, particularly in Central Java.

                                                                                    Jalan Tol Beroperasi
                                                                                    Operated Toll Road
   Kepemilikan Saham
   Shares Ownership

   PT Jasamarga Transjawa Tol                         42,62%
                                                                             Kepengurusan
   Kings Key Limited                                  40,00%
                                                                             Management
   PT Lintas Marga Jawa                                17,38%
                                                                             Dewan Komisaris | Board of Commissioners
                                                                             Devi Lusyana                  Komisaris Utama | President Commissioner

                                                                             Iwan Agung Prasetyo           Komisaris | Commissioner

                                                                             Choi Hung Fat                 Komisaris | Commissioner


                                                                             Direksi | Board of Directors
                                                                             Mery Natacha Panjaitan        Direktur Utama | President Director

                                                                             Surya Panyuluh                Direktur Keuangani | Director of Finance

                                                                             M Historya Ayanda             Direktur Teknik | Director of Engineering




  Jalan Tol Solo-Ngawi
  Solo-Ngawi Toll Road



274                                                                                             Laporan Tahunan 2025 Annual Report         PT Jasa Marga (Persero) Tbk
Page 275
06                                     07                                         08
Tata Kelola Perusahaan                 Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance              Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




PT Jasamarga Ngawi Kertosono
Kediri (JNK)




                                                                            JAWA
                                                                           TENGAH                           JAWA                 Gresik
                                                                                                            TIMUR
                                                                                                                                  Surabaya
   Profil Singkat                                                                                                             Mojekerto
   Brief Profile                                                                                        Kertosono

                                                                                         Ngawi                                     Pasuruan           Pasuruan
   PT JNK berdiri pada tanggal 24 Maret 2009, mengusahakan
   pengoperasian ruas jalan tol Ngawi-Kertosono-Kediri.                                                                             Pandaan
   Jalan tol ini diakuisisi oleh Perseroan pada tahun 2015
   dan merupakan bagian dari jaringan jalan tol Trans Jawa,
   membentang sepanjang wilayah Kabupaten Ngawi,
   Kabupaten Madiun, Kabupaten Magetan, Kabupaten                                                                                         Malang

   Nganjuk, Kabupaten Kertosono, Kabupaten Jombang, hingga                                                          Kediri
   Kabupaten Kediri di Provinsi Jawa Timur. Jalan tol ini terbagi
   dalam 5 Seksi, dimana Seksi 1 hingga Seksi 4 telah beroperasi
   sejak 20 Desember 2018. Sedangkan, Seksi 5 yaitu ruas
   Kertosono-Kediri yang konsesinya diperoleh pada 2018 saat
   ini masih dalam proses pembebasan lahan.


   PT JNK was established on March 24, 2009, to operate the
   Ngawi-Kertosono-Kediri toll road section. This toll road was
   acquired by the Company in 2015 and is part of the Trans                      Jalan Tol Beroperasi                   Jalan Tol Fase Pembebasan Lahan & Konstruksi
   Java toll road network, stretching across the districts of                    Operated Toll Road                     Toll Road in Land Acquisition & Construction Phases
   Ngawi, Madiun, Magetan, Nganjuk, Kertosono, Jombang, and
   Kediri in East Java Province. The toll road is divided into five
   sections, with Sections 1 to 4 having been operational since
   December 20, 2018. Meanwhile, Section 5, the Kertosono-                Kepengurusan
   Kediri section, whose concession was obtained in 2018, is              Management
   currently still in the land acquisition process.
                                                                          Dewan Komisaris | Board of Commissioners
                                                                          Haning Pangastuty         Komisaris Utama | President Commissioner

   Kepemilikan Saham                                                      Choi Hung Fat             Komisaris | Commissioner
   Shares Ownership
                                                                          Setia Pria Husada         Komisaris | Commissioner

   PT Jasamarga Transjawa Tol                          45,03%
   Kings Key Limited                                   40,00%             Direksi | Board of Directors
   PT Lintas Marga Jawa                                14,97%             Arie Irianto                  Direktur Utama | President Director

                                                                                                        Direktur Teknis dan Operasional | Director of Engineering and
                                                                          R Aryo Gunanto
                                                                                                        Operations

                                                                          Surya Panyuluh                Direktur Keuangan | Director of Finance




 Jalan Tol Ngawi-Kertosono
 Ngawi-Kertosono Toll Road



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Ikhtisar Kinerja Utama              Laporan Manajemen                Profil Perusahaan            Analisa dan Pembahasan Manajemen                      Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report                Company Profile              Management Discussion and Analysis                    Business Support Functions




PT Jasamarga Surabaya Mojokerto (JSM)




                                                                                                                                    MADURA
                                                                                                             Gresik


                                                                                                                              Surabaya
                                                                                          Mojekerto
     Profil Singkat                                                           Ngawi
     Brief Profile                                                                      Kertosono
                                                                                                                              Pasuruan
                                                                                                              Gempol
     PT JSM berdiri pada tanggal 19 Agustus 1994, mengoperasikan                                             Pandaan
     jalan tol Surabaya-Mojokerto sepanjang 36,27 km. Jalan tol                                                                      Probolinggo
     ini merupakan bagian dari jaringan jalan tol Trans Jawa yang                                   Kediri                Malang
     diharapkan dapat semakin menghidupkan potensi ekonomi                                                                                  JAWA
     Provinsi Jawa Timur dan sekitarnya. Jalan tol ini terhubung                                                                            TIMUR           Banyuwangi

     dengan jalan tol Surabaya-Gempol, Kertosono-Mojokerto dan
     jalan tol Waru-Juanda yang telah lebih dulu beroperasi serta
     terkoneksi dengan Krian Legundi Bunder Manyar (KLBM).


     PT JSM was established on August 19, 1994, operating the
     36.27 km Surabaya-Mojokerto toll road. This toll road is part
     of the Trans Java toll road network, which is expected to
     further boost the economic potential of East Java Province
     and its surrounding areas. The toll road is connected to the
     Surabaya-Gempol, Kertosono-Mojokerto, and Waru-Juanda
     toll roads, which have been operational for some time, and
                                                                                      Jalan Tol Beroperasi
     is also linked to the Krian Legundi Bunder Manyar (KLBM) toll
                                                                                      Operated Toll Road
     road.



     Kepemilikan Saham                                                        Kepengurusan
     Shares Ownership                                                         Management

     PT Jasamarga Transjawa Tol                        55,51%                 Dewan Komisaris | Board of Commissioners
     PT Astra Tol Nusantara                            44,49%                 Billy Perkasa                           Komisaris Utama | President Commissioner

                                                                              Abul Chair                              Komisaris | Commissioner


                                                                              Direksi | Board of Directors
                                                                              Dominicus Hari Pratama                  Direktur Utama | President Director

                                                                              Fajar Andi Sutrisno Putro               Direktur Keuangan | Director of Finance




  Jalan Tol Surabaya-Mojokerto
  Surabaya-Mojokerto Toll Road



276                                                                                             Laporan Tahunan 2025 Annual Report                 PT Jasa Marga (Persero) Tbk
Page 277
06                                      07                                        08
Tata Kelola Perusahaan                  Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance               Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




PT Jasamarga Gempol Pasuruan (JGP)



                                                                                                                                         MADURA

                                                                                                         Gresik

                                                                                                         Surabaya


                                                                                             Mojekerto
   Profil Singkat
   Brief Profile
                                                                                 Kertosono
                                                                                                 Gempol
   PT JGP berdiri pada tanggal 28 Juni 2010, mengoperasikan
                                                                                                           Pandaan
   jalan tol Gempol-Pasuruan sepanjang 34,15 km dan
                                                                                                                        Pasuruan
   telah beroperasi penuh pada tahun 2018. Jalan tol ini
   merupakan bagian dari jaringan jalan tol Trans Jawa yang                                                                              Probolinggo

   menghubungkan Gempol sampai Pasuruan di Provinsi Jawa                                                  Malang
   Timur. Berlokasi di salah satu kawasan industri di Pulau Jawa,                   Kediri
                                                                                                                          JAWA
   jalan tol Gempol-Pasuruan diharapkan dapat memberikan                                                                  TIMUR
   kontribusi positif dalam meningkatkan arus lalu lintas dari dan
   ke Kota Pasuruan.


   PT JGP was established on June 28, 2010, operating the 34.15
   km Gempol-Pasuruan toll road, which became fully operational
   in 2018. This toll road is part of the Trans Java toll road network
   connecting Gempol to Pasuruan in East Java Province. Located
   in one of Java’s industrial areas, the Gempol-Pasuruan toll road
   is expected to make a positive contribution to improving traffic
                                                                                 Jalan Tol Beroperasi
   flow to and from Pasuruan City.
                                                                                 Operated Toll Road




   Kepemilikan Saham                                                       Kepengurusan
   Shares Ownership                                                        Management

   PT Jasamarga Transjawa Tol                             99,35%           Dewan Komisaris | Board of Commissioners
   PT Jatim Prasarana Utama                                0,65%           Dwimawan Heru Santoso             Komisaris Utama | President Commissioner

                                                                           Mirza Muttaqien                   Komisaris | Commissioner


                                                                           Direksi | Board of Directors
                                                                           Muhammad Taufik Akbar             Direktur Utama | President Director

                                                                           Aruji Murtianto                   Direktur Keuangan | Director of Finance




  Jalan Tol Gempol-Pasuruan
  Gempol-Pasuruan Toll Road



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Ikhtisar Kinerja Utama               Laporan Manajemen                 Profil Perusahaan           Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights           Management Report                 Company Profile             Management Discussion and Analysis             Business Support Functions




PT Jasamarga Pandaan Tol (JPT)



                                                                                                                                                MADURA

                                                                                                               Gresik

                                                                                                               Surabaya


                                                                                                       Mojekerto
     Profil Singkat
     Brief Profile                                                                    Kertosono
                                                                                                                                     Pasuruan
                                                                                                             Gempol
     PT JPT berdiri pada tanggal 25 September 1996,
     mengoperasikan ruas jalan tol Gempol-Pandaan sepanjang
     13,61 km. Pelaksanaan pembangunan jalan tol ini dimulai tahun                                           Pandaan
     2012 dan sepanjang 12,65 km mulai dioperasikan pada tanggal                                                                                 Probolinggo
     12 Juni 2015 yang peresmiannya dilakukan oleh Presiden
     RI Joko Widodo pada tanggal 18 Juni 2015. Jalan tol ini telah                           Kediri                                    JAWA
     beroperasi penuh pada tahun 2019 dan diharapkan dapat                                                                             TIMUR
     menjadi solusi mengatasi kemacetan pada jalan nasional yang
     ada dan meningkatkan efisiensi kegiatan logistik di Jawa Timur.


     PT JPT was established on September 25, 1996, operating
     the 13.61 km Gempol-Pandaan toll road. Construction of this
     toll road began in 2012, and 12.65 km of it began operating on
     June 12, 2015, when it was inaugurated by Indonesian President
     Joko Widodo on June 18, 2015. The toll road has been fully
     operational since 2019 and is expected to provide a solution to
     traffic congestion on existing national roads and improve the                    Jalan Tol Beroperasi
                                                                                      Operated Toll Road
     efficiency of logistics activities in East Java.



     Kepemilikan Saham                                                          Kepengurusan
     Shares Ownership                                                           Management

     PT Jasamarga Transjawa Tol                         40,00%                  Dewan Komisaris | Board of Commissioners
     PT Trans Optima Luhur                              53,81%                  Yudi Tria Wahyu Pamungkas           Komisaris Utama | President Commissioner
     PT Jalan Tol Kabupaten Pasuruan                     6,19%
                                                                                Bahrul Alam                         Komisaris | Commissioner

                                                                                Erwin Hidayatulloh Al-Jakartaty     Komisaris Independen | Independent Commissioner


                                                                                Direksi | Board of Directors
                                                                                Muhammad Taufik Akbar               Plt. Direktur Utama | President Director

                                                                                Indarani                            Direktur | Director




  Jalan Tol Gempol-Pandaan
  Gempol-Pandaan Toll Road




Selain, 6 (enam) entitas anak jalan tol, PT JTT juga memiliki                              In addition to 6 (six) toll road subsidiaries, PT JTT also has
2 (dua) entitas anak lain yang dibentuk atas inisiatif alternatif                          2 (two) other subsidiaries established through alternative
pendanaan berbasis ekuitas, yakni RDPT dan Dinfra pada                                     equity-based financing initiatives, namely RDPT and Dinfra
beberapa ruas jalan tol Transjawa, yakni PT Lintas Marga                                   on several Trans Java toll road sections, namely PT Lintas
Jawa (LMJ) dan PT Trans Optima Luhur (TOL).                                                Marga Jawa (LMJ) and PT Trans Optima Luhur (TOL).



278                                                                                              Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 279
06                                      07                                             08
Tata Kelola Perusahaan                  Tanggung Jawab Sosial Perusahaan               Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance               Corporate Social Responsibility                Reference of POJK, SEOJK, and ARA Criteria




Profil Singkat Ventura Bersama PT JTT
Brief Profile of PT JTT Joint Venture

PT Jasamarga Jalanlayang Cikampek
(JJC)




                                                                            Cengkareng        Penjaringan
                                                                            Batuceper                Pluit
                                                                                                                           Cilincing
                                                                                      Kebon            Tomang     Kelapa
                                                                                      Jeruk                       Gading    Cakung
   Profil Singkat
   Brief Profile                                                           Kunciran                    Cawang                     Bekasi
                                                                                                                                            Cibitung
                                                                                       Ulujami

   PT JJC berdiri pada tanggal 24 November 2016,                                                       Antasari
                                                                               Serpong
                                                                                                                       Cikunir
   mengoperasikan ruas jalan tol Jakarta-Cikampek II Elevated
   atau yang dikenal dengan jalan tol Layang MBZ sepanjang
   38 km. Jalan tol ini menghubungkan Cikunir-Karawang                                        Cinere
                                                                                                                      Cimanggis
   Barat dan telah beroperasi sejak Desember 2019. Jalan tol                                                                                             Cikampek
   ini dibangun sebagai jalur alternatif dari Jakarta menuju
   Karawang, Cikampek dan Bandung serta merupakan                                                        Depok

   bagian dari jaringan jalan tol Trans Jawa. Adanya jalan tol                           Salabenda                                                               Purwakarta
   ini diharapkan dapat mengurai kepadatan karena jalan tol
                                                                               Simpang Semplak
   Jakarta-Cikampek sebelumnya sudah mencapai kapasitas
   optimalnya. Diharapkan jalan tol ini dapat memperlancar arus                                    Bogor     Sentul

   orang, barang, dan jasa dari wilayah Jakarta ke arah timur
   Pulau Jawa.


   PT JJC was established on November 24, 2016, and operates
   the Jakarta-Cikampek II Elevated toll road, also known as
                                                                                      Jalan Tol Beroperasi
   the MBZ Elevated Toll Road, which is 38 km long. This toll
                                                                                      Operated Toll Road
   road connects Cikunir and Karawang Barat and has been
   operational since December 2019. This toll road was built as
   an alternative route from Jakarta to Karawang, Cikampek, and
   Bandung and is part of the Trans Java toll road network. The               Kepengurusan
   toll road is expected to reduce congestion as the previous                 Management
   Jakarta-Cikampek toll road has reached its optimal capacity.
   It is hoped that this toll road will facilitate the flow of people,
                                                                              Dewan Komisaris | Board of Commissioners
   goods, and services from the Jakarta area to the eastern part
   of Java Island.                                                            Muhammad Ramdani Basri                       Komisaris Utama | President Commissioner

                                                                              Budi Harimawan Semihardjo                    Komisaris | Commissioner

                                                                              Labuan Nababan                               Komisaris | Commissioner
   Kepemilikan Saham
   Shares Ownership
                                                                              Direksi | Board of Directors
   PT Jasamarga Transjawa Tol                             40,00%              Hendri Taufik                                Direktur Utama | President Director
   PT Margautama Nusantara                                40,00%              Harris Prayudi                               Direktur | Director
   PT Ranggi Sugiron Perkasa                              20,00%
                                                                              Satria Surjati                               Direktur | Director




  Jalan Tol Layang MBZ
  Layang MBZ Toll Road



PT Jasa Marga (Persero) Tbk         Laporan Tahunan 2025 Annual Report                                                                                                   279
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01                                  02                               03                        04                                                 05
Ikhtisar Kinerja Utama              Laporan Manajemen                Profil Perusahaan          Analisa dan Pembahasan Manajemen                   Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report                Company Profile            Management Discussion and Analysis                 Business Support Functions




PT Trans Marga Jateng (TMJ)




                                                                                                                     Demak



     Profil Singkat                                                                 Semarang
                                                                                                           Bawen
     Brief Profile
                                                                              JAWA
     PT TMJ berdiri pada tanggal 07 Juli 2007, mengoperasikan                TENGAH
                                                                                                                                          Ngawi
     jalan tol Semarang-Solo sepanjang 72,64 km. Jalan tol ini
     merupakan bagian dari jaringan jalan tol Trans Jawa dan
     telah beroperasi secara penuh pada tahun 2019. Jalan tol ini                                                            Solo
     menghubungkan beberapa daerah di wilayah Jawa Tengah,
                                                                              Kulonprogo          Yogyakarta
     yaitu Semarang, Ungaran, Bawen, dan Salatiga serta Boyolali.
                                                                                                                                                   JAWA
     Pengoperasian Seksi I Semarang-Ungaran sepanjang 10,85                                                                                        TIMUR
                                                                                                 YOGYAKARTA                                                      Kediri
     km, pengoperasian Seksi II Semarang-Bawen sepanjang
     11,99 km, pengoperasian Seksi III Bawen-Salatiga sepanjang
     17,99 km, serta pengoperasian Seksi IV dan Seksi V ruas
     Salatiga-Kartasura sepanjang 32,21 km yang merupakan
     bagian akhir dari seluruh seksi di ruas Jalan Tol Semarang-
     Solo telah beroperasi sejak tanggal 14 Januari 2019.


     PT TMJ was established on July 7, 2007, operating the 72.64
     km Semarang-Solo toll road. This toll road is part of the
     Trans Java toll road network and has been fully operational                    Jalan Tol Beroperasi
                                                                                    Operated Toll Road
     since 2019. It connects several areas in Central Java, namely
     Semarang, Ungaran, Bawen, Salatiga, and Boyolali. The
     operation of Section I Semarang-Ungaran is 10.85 km long,
     Section II Semarang-Bawen at 11.99 km long, Section III                  Kepengurusan
     Bawen-Salatiga at 17.99 km long, and Sections IV and V of the            Management
     Salatiga-Kartasura section, spanning 32.21 km, which is the
     final section of the entire Semarang-Solo Toll Road. These               Dewan Komisaris | Board of Commissioners
     sections have been operational since January 14, 2019.                   Billy Perkasa                        Komisaris Utama | President Commissioner

                                                                              Sunaryo                              Komisaris | Commissioner

                                                                              Tino Rahardian                       Komisaris | Commissioner

     Kepemilikan Saham
     Shares Ownership                                                         Direksi | Board of Directors
                                                                              Prajudi                              Direktur Utama | President Director
     PT Jasamarga Transjawa Tol                        50,91%
     PT Astra Tol Nusantara                            40,00%                                                      Direktur Keuangan dan Administrasi | Director of Finance
                                                                              Sutomo
     PT Trans Optima Luhur                              8,00%                                                      and Administration
     PT Sarana Pembangunan Jawa Tengah                  1,09%




  Jalan Tol Semarang-Solo
  Semarang-Solo Toll Road



280                                                                                            Laporan Tahunan 2025 Annual Report             PT Jasa Marga (Persero) Tbk
Page 281
06                                    07                                        08
Tata Kelola Perusahaan                Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance             Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




PT Jasamarga Pandaan Malang (JPM)




                                                                                                                                             MADURA

                                                                                                              Gresik

                                                                                                          Surabaya
   Profil Singkat
                                                                                                  Mojekerto
   Brief Profile
                                                                                    Kertosono
                                                                                                               Gempol
   PT JPM berdiri pada tanggal 06 Juni 2016, mengoperasikan                                                                       Pasuruan
   ruas jalan tol Pandaan-Malang sepanjang 38,49 km. Jalan
                                                                                                       Pandaan
   tol ini dibangun sebagai salah satu alternatif jalan yang
   menghubungkan kota dan kabupaten di Jawa Timur menuju
                                                                                                                                             Probolinggo
   Kota Malang. Kota ini menjadi salah satu tujuan wisata di Pulau
   Jawa sehingga diharapkan dengan adanya jalan tol Pandaan-
                                                                                         Kediri
   Malang dapat memberikan manfaat guna meningkatkan arus
   lalu lintas dari dan menuju Kota Malang serta menghidupkan
                                                                                                                   Malang
   ekonomi pada wilayah sekitarnya.


   PT JPM was established on June 6, 2016, operating the
   38.49 km Pandaan-Malang toll road. This toll road was built
   as an alternative route connecting cities and regencies in
   East Java to the city of Malang. This city is one of the tourist
   destinations on the island of Java, so it is hoped that the
   Pandaan-Malang toll road will provide benefits in increasing
   traffic flow to and from the city of Malang and revitalizing the            Jalan Tol Beroperasi
                                                                               Operated Toll Road
   economy in the surrounding area.



   Kepemilikan Saham                                                     Kepengurusan
   Shares Ownership                                                      Management

   PT Jasamarga Transjawa Tol                              51%           Dewan Komisaris | Board of Commissioners
   PT Astra Tol Nusantara                                  49%           Billy Perkasa                        Komisaris Utama | President Commissioner

                                                                         Chrisman Damanik                     Komisaris | Commissioner


                                                                         Direksi | Board of Directors
                                                                         Muhammad Taufik Akbar                Plt. Direktur Utama | President Director

                                                                                                              Direktur Keuangan dan Administrasi | Director of Finance
                                                                         Fajar Andi Sutrisno Putro
                                                                                                              and Administration




  Jalan Tol Pandaan-Malang
  Pandaan-Malang Toll Road



PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                                          281
Page 282
01                                02                         03                      04                                           05
Ikhtisar Kinerja Utama            Laporan Manajemen          Profil Perusahaan        Analisa dan Pembahasan Manajemen             Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report          Company Profile          Management Discussion and Analysis           Business Support Functions




Struktur Grup Perseroan
Company’s Group Structure




                                                                 Entitas Anak
                                                                 Subsidiaries

                                                                           Konsesi Jalan Tol                                  Pengoperasian Jalan Tol
                                                                          Toll Road Concession                                  Toll Road Operation




                                                                                                                          PT JASAMARGA        PT JASAMARGA
        PT JASAMARGA          PT JASAMARGA                        PT JASAMARGA            PT MARGA                          TOLLROAD            TOLLROAD
          SEMARANG           NGAWI KERTOSONO                      TRANSJAWA TOL         SARANA JABAR                        OPERATOR          MAINTENANCE
            BATANG                KEDIRI



       60,23%
                       *
                              60,00%
                                                *
                                                                  65,00%               55,00%                         99,98%                 99,82%

                                                                                                                                  Bisnis Prospektif
                                                                                                                                Prospective Business
                               PT JASAMARGA                       PT JASAMARGA          PT JASAMARGA
        PT JASAMARGA
                                   GEMPOL                         MANADO BITUNG            BALI TOL
         SOLO NGAWI
                                 PASURUAN
                       *
       60,00%                  99,35%                             64,97%              64,44%                                       PT JASAMARGA
                                                                                                                                      RELATED
                                                                                                                                      BUSINESS



                                                                                                                                  99,94%
         PT JASAMARGA          PT JASAMARGA                        PT JASAMARGA         PT JASAMARGA
            PANDAAN              SURABAYA                            KUNCIRAN            BALIKPAPAN
              TOL               MOJOKERTO                           CENGKARENG           SAMARINDA
                        *
         93,81%                55,51%                             88,67%               67,39%


           PT TRANS               PT LINTAS
            OPTIMA                 MARGA                             PT CINERE          PT JASAMARGA
            LUHUR                   JAWA                           SERPONG JAYA        KUALANAMU TOL



        99,99%                99,99%                              55,00%               55,00%


         PT JASAMARGA
                              PT TRANS MARGA                                                                    PT JASAMARGA
         JALANLAYANG
                                  JATENG                           PT JASAMARGA        PT MARGA TRANS               JOGJA
           CIKAMPEK
                                                                   JOGJA BAWEN           NUSANTARA                   SOLO
                                                *
        40,00%                 58,91%                                                                          52,82%
                                                                  73,18%              60,00%

                              Entitas Anak PT JTT
         PT JASAMARGA         Subsidiaries of PT JTT
            PANDAAN
            MALANG            Ventura Bersama PT JTT               PT JASAMARGA         PT JASAMARGA           PT JASAMARGA
                              Joint Venture of PT JTT              PROBOLINGGO              JAPEK                  AKSES
                                                                    BANYUWANGI             SELATAN               PATIMBAN

         51,00%
                                                                  98,25%               92,33%                 92,33%
*Kepemilikan secara langsung maupun tidak langsung PT JTT.
*Direct or indirect ownership of PT JTT.



282                                                                                 Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 283
06                                  07                                 08
Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




                    Entitas Asosiasi dan Ventura Bersama                                                            Aset Keuangan
                         Associates and Joint Ventures                                                              Financial Assets




                                                      PT MARGA                                                 PT MARGA           PT CITRA
                       PT TRANSLINGKAR                 LINGKAR                                                 MANDALA          MARGATAMA
                           KITA JAYA                   JAKARTA                                                   SAKTI           SURABAYA



                        21,24%                     51,00%                                                    1,94%              3,17%


                                                                                                             PT MAKASSAR         PT KRESNA
                              PT BOGOR                                                                          METRO             KUSUMA
                            SERPONG INFRA                                                                      NETWORK         DYANDRA MARGA
                               SELARAS



                        26,00%                                                                              0,38%               0,11%


                                                                                                                PT PILAR          PT JATIM
                                                                                                             SINERGI BUMN        PRASARANA
                                                                                                               INDONESIA           UTAMA



                                                                                                             7,08%              7,41%


                                                                                                              PT SINERGI         PT FINTEK
                                                                                                              COLOMADU             KARYA
                                                                                                                                NUSANTARA



                                                                                                             0,63%              8,97%



                                                                                                              PT HUTAMA            PT PP
                                                                                                                MARGA             SINERGI
                                                                                                               WASKITA          BANJARATMA



                                                                                                             0,41%              6,21%




PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                     283
Page 284
01                                  02                           03                       04                                         05
Ikhtisar Kinerja Utama              Laporan Manajemen            Profil Perusahaan         Analisa dan Pembahasan Manajemen           Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report            Company Profile           Management Discussion and Analysis         Business Support Functions




Kronologi Penerbitan dan/atau Pencatatan Saham
Chronology of Share Issuance and/or Listing
Tabel Kronologi Penerbitan dan/atau Pencatatan Saham
Table of the Chronology of Share Issuance and/or Listing


                                                                                                               Modal Ditempatkan dan Disetor
                                                                          Harga      Jumlah Saham                 Issued and Fully-Paid Capital
                                                        Nilai Nominal
          Periode        Keterangan        Saham                       Penawaran yang Diterbitkan Jumlah Saham                                 Total Harga
 No.                                                      Par Value                                                  Total Nilai Nominal
           Period         Remarks          Shares                     Offering Price   Total Shares   (Lembar)                                 Penawaran
                                                             (Rp)                                                      Total Par Value
                                                                           (Rp)      Issued (Shares) Total Shares                         Total Offering Price
                                                                                                                             (Rp)
                                                                                                       (Shares)                                   (Rp)

  1.    Sebelum                          Saham Biasa           500               -                -   4.760.000.000    2.380.000.000.000                     -
        IPO                              Seri B
        Pre-IPO                          Ordinary
                                         Shares
                                         Series B

  2.    12              IPO di Bursa     Saham Biasa           500          1.700     2.040.000.000   6.800.000.000    3.400.000.000.000    11.560.000.000.000
        November        Efek Jakarta     Seri B
        2007            IPO at           Ordinary
        November        Indonesia        Shares
        12, 2007        Stock            Series B
                        Exchange

  3.    13 Oktober      Pembelian        Saham Biasa           500               -                -   6.800.000.000    3.400.000.000.000                         -
        2008 - 12       Kembali          Seri B
        Januari         Saham            Ordinary
        2009            Share            Shares
        October         Buyback          Series B
        13, 2008 -
        January 12,
        2009

  4.    05 April        Penjualan        Saham Biasa           500               -                -   6.800.000.000    3.400.000.000.000                     -
        2012 - 25       Kembali          Seri B
        Juni 2012       Saham            Ordinary
        April 5, 2012   Share            Shares
        - June 25,      Buyback          Series B
        2012

  5.    02 – 08         Penawaran        Saham Biasa           500          3.900       457.871.200    7.257.871.200   3.628.935.600.000    1.785.697.680.000
        Desember        umum             Seri B
        2016            terbatas I       Ordinary
        December        melalui Hak      Shares
        2 - 8,          Memesan          Series B
        2016            Efek Terlebih
                        Dahulu
                        (HMETD)
                        Limited public
                        offering
                        I through
                        Preemptive
                        Rights
                        (HMETD)

  6.    Status per 31 Desember 2025    Saham Biasa             500               -                -    7.257.871.200   3.628.935.600.000                     -
        Status as of December 31, 2025 Seri B
                                       Ordinary
                                       Shares
                                       Series B




Seluruh saham Perseroan dicatatkan pada Bursa Efek                                   All of the Company’s shares are listed on the Indonesia
Indonesia. Informasi terkait dengan pemecahan saham                                  Stock Exchange. Information related to stock splits, reverse
(stock split), penggabungan saham (reverse stock), dividen                           stock splits, stock dividends, bonus shares, changes in the
saham, saham bonus, perubahan nilai nominal saham,                                   nominal value of shares, the implementation of convertible
pelaksanaan efek konversi, serta pelaksanaan penambahan                              securities, and the implementation of capital increases
dan pengurangan modal dapat dilihat pada Bab 1 Ikhtisar                              and reductions is available in Chapter 1, Main Performance
Kinerja Utama pada Buku Laporan Tahunan ini.                                         Highlights, of this Annual Report.




284                                                                                      Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 285
06                                            07                                         08
Tata Kelola Perusahaan                        Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance                     Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




Kronologi Penerbitan
dan/atau Pencatatan Obligasi
Chronology of Bonds Issuance and/or Listing
Tabel Kronologi Penerbitan Obligasi Jasa Marga
Table of the Chronology of the Bonds Issuance and/or Listing


                                                                           Jumlah                         Tingkat                          Peringkat
                                                    Tenor                                                                   Status
                                   Tanggal                                Obligasi Tanggal Jatuh            Suku                            Rating
             Uraian                                (Tahun)   Mata Uang                                                   Pembayaran                            Wali Amanat
 No.                              Penerbitan                                (Juta)     Tempo               Bunga
           Description                              Terms     Currency                                                     Payment                               Trustee
                                Issuance Date                            Total Bonds Maturity Date        Interest                  2025     2024      2023
                                                    (Year)                                                                  Status
                                                                          (Milions)                         Rate
  1.   Jasa Marga I (A)          11 Maret 1983        5         Rp         23.718      11 Maret 1988       15,50%           Lunas      -       -        -      Bank Pembangunan
                                 March 11, 1983                                        March 11, 1988                     Fully Paid                          Indonesia (BAPINDO)

  2.   Jasa Marga II/1 (B)      31 Oktober 1983       5         Rp         40.000     31 Oktober 1988      16,50%           Lunas      -       -        -      Bank Pembangunan
                                October 31, 1983                                      October 31, 1988                    Fully Paid                          Indonesia (BAPINDO)


  3.   Jasa Marga II/2 (C)       6 Februari 1984      5         Rp         20.000     6 Februari 1989      16,50%           Lunas      -       -        -      Bank Pembangunan
                                February 6, 1984                                      February 6 1989                     Fully Paid                          Indonesia (BAPINDO)

  4.   Jasa Marga II/2 (D)       5 Maret 1984         5         Rp         20.000      5 Maret 1989        16,50%           Lunas      -       -        -      Bank Pembangunan
                                 March 5, 1984                                         March 5, 1989                      Fully Paid                          Indonesia (BAPINDO)

  5.   Jasa Marga II/2 (E)       31 Maret 1984        5         Rp         20.000      31 Maret 1989       16,50%           Lunas      -       -        -      Bank Pembangunan
                                 March 31, 1984                                        March 31, 1989                     Fully Paid                          Indonesia (BAPINDO)

  6.   Jasa Marga III/1 (F/1)    28 Desember          5         Rp         40.000      28 Desember         16,50%           Lunas      -       -        -      Bank Pembangunan
                                     1984                                                  1989                           Fully Paid                          Indonesia (BAPINDO)
                                 December 28,                                          December 28,
                                     1984                                                  1989

  7.   Jasa Marga III/2 (F/2)    1 Maret 1985         5         Rp         30.000      1 Maret 1990        16,50%           Lunas      -       -        -      Bank Pembangunan
                                 March 1, 1985                                         March 1, 1990                      Fully Paid                          Indonesia (BAPINDO)

  8.   Jasa Marga IV/1 (G/1)     27 Desember          5         Rp         40.000      27 Desember         16,50%           Lunas      -       -        -      Bank Pembangunan
                                     1985                                                  1990                           Fully Paid                          Indonesia (BAPINDO)
                                 December 27,                                          December 27,
                                     1985                                                  1990

  9.   Jasa Marga IV/2 (G/2)     24 Maret 1986        5         Rp         60.000      24 Maret 1991       16,50%           Lunas      -       -        -      Bank Pembangunan
                                 March 24, 1986                                        March 24, 1991                     Fully Paid                          Indonesia (BAPINDO)

 10.   Jasa Marga V/1 (H)          6 Juli 1987        5         Rp         60.000        6 Juli 1992        16,37%          Lunas      -       -        -      Bank Pembangunan
                                  July 6, 1987                                          July 6, 1992                      Fully Paid                          Indonesia (BAPINDO)

 11.   Jasa Marga V/2 (I)        19 November          5         Rp         40.000      19 November         16,50%           Lunas      -       -        -      Bank Pembangunan
                                     1987                                                  1992                           Fully Paid                          Indonesia (BAPINDO)
                                 November 19,                                          November 19,
                                     1987                                                  1992

 12.   Jasa Marga VI/1 (J)        20 Juni 1988        8         Rp         75.000       20 Juni 1996        17,00%          Lunas      -       -        -              -
                                 June 20, 1988                                         June 20, 1996                      Fully Paid

 13.   Jasa Marga VI/2 (K)       1 Februari 1989      8         Rp         50.000      1 Februari 1997     18,00%           Lunas      -       -        -      Bank Pembangunan
                                February 1, 1989                                       Februay 1, 1997                    Fully Paid                          Indonesia (BAPINDO)

 14.   Obligasi Indeks             31 Juli 1989      12         Rp         40.000        31 Juli 2001       16,75%          Lunas      -       -        -      Bank Pembangunan
       Pendapatan Tahap I         July 31, 1989                                         July 31, 2001                     Fully Paid                          Indonesia (BAPINDO)

 15.   Obligasi Indeks           21 September        12         Rp         30.000      21 September         16,75%          Lunas      -       -        -      Bank Pembangunan
       Pendapatan Tahap II           1989                                                  2001                           Fully Paid                          Indonesia (BAPINDO)
                                 September 21,                                         September 21,
                                     1989                                                  2001

 16.   Jasa Marga VII (L)          8 Juni 1990        8         Rp         100.000       8 Juni 1998       16,50%           Lunas      -       -        -      Bank Pembangunan
                                  June 8, 1990                                          June 8, 1998                      Fully Paid                          Indonesia (BAPINDO)

 17.   Jasa Marga VIII (M)       27 Maret 2000        8         Rp         150.000     27 Maret 2008       16,50%           Lunas      -       -        -      PT Bank Mandiri
                                 March 27, 2000                                        March 27, 2008                     Fully Paid                              (Persero)

 18.   Jasa Marga IX (N)         12 April 2002        5         Rp         400.000      12 April 2007       18,50%          Lunas      -       -        -      PT Bank Mandiri
                                 April 12, 2002                                         April 12, 2007     dan/and        Fully Paid                              (Persero)
                                                                                                           Floating
                                                                                                            (range
                                                                                                           16,50%–
                                                                                                           20,00%)

 19.   Jasa Marga X (O)           4 Desember          8         Rp         650.000    4 Desember 2010       16,15%          Lunas      -       -        -       PT Bank Rakyat
                                     2002                                             December 4, 2010                    Fully Paid                          Indonesia (Persero)
                                  December 4,
                                     2002

 20.   Jasa Marga XI (P)        10 Oktober 2003      10         Rp        1.000.000      10 Oktober         12,30%          Lunas      -       -        -       PT Bank Rakyat
                                   October 10,                                              2013         pembayaran       Fully Paid                          Indonesia (Persero)
                                     2003                                                October 10,       ke-1 – 20
                                                                                            2013         dan 13,00%
                                                                                                         pembayaran
                                                                                                          ke-21 – 40
                                                                                                            1st-20th
                                                                                                          payments:
                                                                                                         12.30% and
                                                                                                           21st - 40th
                                                                                                          payments:
                                                                                                            13.00%

 21.   Jasa Marga I (JM-10)      10 Desember          3         Rp         500.000     10 Desember       Tanpa Bunga        Lunas      -       -        -     PT Bank Mega Tbk
                                     2010                                                  2013          Zero-interest    Fully Paid
                                 December 10,                                          December 10,
                                     2010                                                  2013



PT Jasa Marga (Persero) Tbk              Laporan Tahunan 2025 Annual Report                                                                                         285
Page 286
01                                         02                            03                            04                                                  05
Ikhtisar Kinerja Utama                     Laporan Manajemen             Profil Perusahaan              Analisa dan Pembahasan Manajemen                    Fungsi Penunjang Bisnis
Main Performace Highlights                 Management Report             Company Profile                Management Discussion and Analysis                  Business Support Functions




Tabel Kronologi Penerbitan Obligasi Jasa Marga
Table of the Chronology of the Bonds Issuance and/or Listing


                                                                           Jumlah                          Tingkat                              Peringkat
                                                   Tenor                                                                    Status
                                   Tanggal                                Obligasi Tanggal Jatuh             Suku                                Rating
             Uraian                               (Tahun)    Mata Uang                                                   Pembayaran                                    Wali Amanat
 No.                              Penerbitan                                (Juta)     Tempo                Bunga
           Description                             Terms      Currency                                                     Payment                                       Trustee
                                Issuance Date                            Total Bonds Maturity Date         Interest                 2025          2024       2023
                                                   (Year)                                                                   Status
                                                                          (Milions)                          Rate
 22.   JORR I                    19 November         10         Rp          274.260    19 November       SBI 3 bulanan      Lunas        -          -          -      PT Bank Mega Tbk
                                     2003                                                  2013           selama rata-    Fully Paid
                                 November 19,                                          November 19,       rata 6 bulan
                                     2003                                                  2013           Quarter SBI
                                                                                                         for average 6
                                                                                                            months

 23.   JORR II (A)               5 Januari 2006      10         Rp          77.377     5 Januari 2016       15,25%          Lunas        -          -          -      PT Bank Mega Tbk
                                January 5, 2006                                          January 5,                       Fully Paid
                                                                                            2016

       JORR II (B)               5 Januari 2006      12         Rp          77.377     5 Januari 2018       15,25%          Lunas        -          -          -      PT Bank Mega Tbk
                                January 5, 2006                                          January 5,                       Fully Paid
                                                                                            2018

       JORR II (C)               5 Januari 2006      15         Rp         104.400     5 Januari 2021       15,50%          Lunas        -          -          -      PT Bank Mega Tbk
                                January 5, 2006                                          January 5,                       Fully Paid
                                                                                            2021

 24.   Jasa Marga XII (Q)          6 Juli 2006       10         Rp         1.000.000     6 Juli 2016        13,50%          Lunas        -          -          -      PT Bank Mega Tbk
                                  July 6, 2006                                          July 6, 2016                      Fully Paid

 25.   Jasa Marga XIII (R)        21 Juni 2007      10          Rp         1.500.000   21 Juni 2017         10,25%          Lunas        -          -          -      PT Bank Mega Tbk
                                 June 21, 2007                                         June 21, 2017                      Fully Paid

 26.   Jasa Marga XIV            10 Desember        10          Rp         1.000.000   10 Desember          9,35%           Lunas        -          -          -      PT Bank Mega Tbk
       (JM-10)                       2010                                                  2020                           Fully Paid
                                 December 10,                                          December 10,
                                     2010                                                  2020

 27.   Obligasi Berkelanjutan    27 September     370 hari      Rp         700.000      2 Oktober           8,40%           Lunas        -          -          -      PT Bank Mega Tbk
       I Jasa Marga Tahap            2013         370 days                                2014                            Fully Paid
       I Tahun 2013 Seri         September 27,                                          October 2,
       S-Seri A                      2013                                                 2014
       Shelf Registration
       Bond I Jasa Marga
       Phase I Year 2013
       Series S-Series A

       Obligasi Berkelanjutan    27 September        3          Rp         400.000     27 September         8,70%           Lunas        -          -          -      PT Bank Mega Tbk
       I Jasa Marga Tahap            2013                                                  2016                           Fully Paid
       I Tahun 2013 Seri         September 27,                                         September 27,
       S-Seri B                      2013                                                  2016
       Shelf Registration
       Bond I Jasa Marga
       Phase I Year 2013
       Series S-Series B

       Obligasi Berkelanjutan   27 September         5          Rp         1.000.000   27 September         8,90%           Lunas        -          -          -      PT Bank Mega Tbk
       I Jasa Marga Tahap           2013                                                   2018                           Fully Paid
       I Tahun 2013 Seri        September 27,                                          September 27,
       S-Seri C                     2013                                                   2018
       Shelf Registration
       Bond I Jasa Marga
       Phase I Year 2013
       Series S-Series C

 28.   Obligasi Berkelanjutan   22 September         5          Rp         1.000.000   22 September         9,85%           Lunas        -          -          -      PT Bank Mega Tbk
       I Jasa Marga Tahap II        2014                                                   2019                           Fully Paid
       Tahun 2014 Seri T        September 22,                                          September 22,
       Shelf Registration           2014                                                   2019
       Bond I Jasa Marga
       Phase II Year 2014
       Series T

 29.   Obligasi I Marga          8 November          3          Rp         200.000      8 November          7,45%           Lunas        -          -          -      PT Bank Mega Tbk
       Lingkar Jakarta 2017         2017                                                   2020                           Fully Paid
       Seri A                    November 8,                                            November 8,
       Bond I Marga Lingkar         2017                                                   2020
       Jakarta 2017 Series A

       Obligasi I Marga          8 November          5          Rp          217.000     8 November          7,75%           Lunas        -          -        idAAA    PT Bank Mega Tbk
       Lingkar Jakarta 2017         2017                                                   2022                           Fully Paid                           (sf)
       Seri B                    November 8,                                            November 8,
       Bond I Marga Lingkar         2017                                                   2022
       Jakarta 2017 Series B

       Obligasi I Marga          8 November          7          Rp         299.000      8 November          8,30%           Lunas        -        idAAA      idAAA    PT Bank Mega Tbk
       Lingkar Jakarta 2017         2017                                                   2024                           Fully Paid                (sf)       (sf)
       Seri C                    November 8,                                            November 8,
       Bond I Marga Lingkar         2017                                                   2024
       Jakarta 2017 Series C

       Obligasi I Marga          8 November         10          Rp         320.000      8 November          8,70%        Belum Lunas   idAAA      idAAA      idAAA    PT Bank Mega Tbk
       Lingkar Jakarta 2017         2017                                                   2027                          Outstanding     (sf)       (sf)       (sf)
       Seri D                    November 8,                                            November 8,
       Bond I Marga Lingkar         2017                                                   2027
       Jakarta 2017 Series D

       Obligasi I Marga          8 November          12         Rp         464.000      8 November          8,85%        Belum Lunas   idAAA      idAAA      idAAA    PT Bank Mega Tbk
       Lingkar Jakarta 2017         2017                                                   2029                          Outstanding     (sf)       (sf)       (sf)
       Seri E                    November 8,                                            November 8,
       Bond I Marga Lingkar         2017                                                   2029
       Jakarta 2017 Series E

 30.   Komodo Bond               13 Desember         3          Rp         4.000.000   13 Desember          7,50%           Lunas        -          -          -       Bank of New York
                                     2017                                                  2020                           Fully Paid                                        Mellon
                                 December 13,                                          December 13,
                                     2017                                                  2020




286                                                                                                Laporan Tahunan 2025 Annual Report               PT Jasa Marga (Persero) Tbk
Page 287
06                                               07                                       08
Tata Kelola Perusahaan                           Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance                        Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




Tabel Kronologi Penerbitan Obligasi Jasa Marga
Table of the Chronology of the Bonds Issuance and/or Listing


                                                                              Jumlah                    Tingkat                          Peringkat
                                                       Tenor                                                          Status
                                    Tanggal                                  Obligasi Tanggal Jatuh       Suku                            Rating
             Uraian                                   (Tahun)   Mata Uang                                          Pembayaran                               Wali Amanat
 No.                               Penerbitan                                  (Juta)     Tempo          Bunga
           Description                                 Terms     Currency                                            Payment                                  Trustee
                                 Issuance Date                              Total Bonds Maturity Date   Interest              2025         2024      2023
                                                       (Year)                                                         Status
                                                                             (Milions)                    Rate
 31.   Obligasi Berkelanjutan     8 September            3         Rp        1.100.350   8 September     7,90%        Lunas        -         -       IdAA   PT Bank Mega Tbk
       II Jasa Marga Tahap I          2020                                                  2023                    Fully Paid
       Tahun 2020 Seri A          September 8,                                           September 8,
       Shelf Registration             2020                                                  2023
       Bond II Jasa Marga
       Phase I Year 2020
       Series A

       Obligasi Berkelanjutan     8 September            5         Rp         286.000    8 September     8,25%        Lunas       IdAA     IdAA      IdAA   PT Bank Mega Tbk
       II Jasa Marga Tahap I         2020                                                    2025                   Fully Paid
       Tahun 2020 Seri B          September 8,                                           September 8,
       Shelf Registration            2020                                                    2025
       Bond II Jasa Marga
       Phase I Year 2020
       Series B

       Obligasi Berkelanjutan     8 September            7         Rp         90.050     8 September     8,60%     Belum Lunas    IdAA     IdAA      IdAA   PT Bank Mega Tbk
       II Jasa Marga Tahap I          2020                                                   2027                  Outstanding
       Tahun 2020 Seri C          September 8,                                           September 8,
       Shelf Registration             2020                                                   2027
       Bond II Jasa Marga
       Phase I Year 2020
       Series C

       Obligasi Berkelanjutan     8 September           10         Rp         523.600    8 September     9,00%     Belum Lunas    IdAA     IdAA      IdAA   PT Bank Mega Tbk
       II Jasa Marga Tahap I          2020                                                  2030                   Outstanding
       Tahun 2020 Seri D          September 8,                                           September 8,
       Shelf Registration             2020                                                  2030
       Bond II Jasa Marga
       Phase I Year 2020
       Series D

 32.   Obligasi Berkelanjutan      5 Juli 2024           3         Rp         90.155      5 Juli 2027    6,90%     Belum Lunas    IdAA     idAA       -     PT Bank Mega Tbk
       III Jasa Marga Tahap I     July 5, 2024                                           July 5, 2027              Outstanding
       Tahun 2024 Seri A
       Shelf Registration
       Bond III Jasa Marga
       Phase I Year 2024
       Series A

       Obligasi                    5 Juli 2024           5         Rp         241.055     5 Juli 2029    7,00%     Belum Lunas    IdAA     idAA       -     PT Bank Mega Tbk
       Berkelanjutan III Jasa     July 5, 2024                                           July 5, 2029              Outstanding
       Marga Tahap I Tahun
       2024 Seri B
       Shelf Registration
       Bond III Jasa Marga
       Phase I Year 2024
       Series B

       Obligasi                    5 Juli 2024          10         Rp         601.140     5 Juli 2034    7,20%     Belum Lunas    idAA     idAA       -     PT Bank Mega Tbk
       Berkelanjutan III Jasa     July 5, 2024                                           July 5, 2034              Outstanding
       Marga Tahap I Tahun
       2024 Seri C
       Shelf Registration
       Bond III Jasa Marga
       Phase I Year 2024
       Series C

 33.   Obligasi Berkelanjutan     4 September            3         Rp         120.000    4 September     6,40%     Belum Lunas    idAA       -        -     PT Bank Mega Tbk
       III Jasa Marga Tahap II       2025                                                   2028                   Outstanding
       Tahun 2025 Seri A          September 4,                                           September 4,
       Shelf Registration            2025                                                   2028
       Bond III Jasa Marga
       Phase II Year 2025
       Series A

       Obligasi Berkelanjutan     4 September            5         Rp         100.000    4 September     6,60%     Belum Lunas    idAA       -        -     PT Bank Mega Tbk
       III Jasa Marga Tahap II       2025                                                   2030                   Outstanding
       Tahun 2025 Seri B          September 4,                                           September 4,
       Shelf Registration            2025                                                   2030
       Bond III Jasa Marga
       Phase II Year 2025
       Series B

       Obligasi Berkelanjutan     4 September           10         Rp         780.000    4 September     7,15%     Belum Lunas    idAA       -        -     PT Bank Mega Tbk
       III Jasa Marga Tahap II       2025                                                   2035                   Outstanding
       Tahun 2025 Seri C          September 4,                                           September 4,
       Shelf Registration            2025                                                   2035
       Bond III Jasa Marga
       Phase II Year 2025
       Series C




Seluruh obligasi Jasa Marga dicatatkan pada Bursa Efek                                      All Jasa Marga bonds are listed on the Indonesia Stock
Indonesia, kecuali Komodo Bond yang dicatatkan pada                                         Exchange, except for Komodo Bonds, which are listed on the
London Stock Exchange dan Singapore Stock Exchange.                                         London Stock Exchange and Singapore Stock Exchange. For
Untuk obligasi yang diterbitkan dan dicatatkan di Bursa                                     bonds issued and listed on the Indonesia Stock Exchange,
Efek Indonesia, Jasa Marga menggunakan Pefindo sebagai                                      Jasa Marga uses Pefindo as its bond rating agency.
lembaga pemeringkat obligasi. Sementara untuk Komodo                                        Meanwhile, for Komodo Bonds, Jasa Marga appoints
Bond, Jasa Marga menunjuk Moody’s dan S&P Global                                            Moody’s and S&P Global as bond rating agencies.
sebagai lembaga pemeringkat obligasi.


PT Jasa Marga (Persero) Tbk              Laporan Tahunan 2025 Annual Report                                                                                      287
Page 288
01                                  02                         03                       04                                        05
Ikhtisar Kinerja Utama              Laporan Manajemen          Profil Perusahaan         Analisa dan Pembahasan Manajemen          Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report          Company Profile           Management Discussion and Analysis        Business Support Functions




Obligasi Jasa Marga yang Belum Jatuh Tempo
Jasa Marga Outstanding Bonds

Obligasi PT Marga Lingkar Jakarta (MLJ)                                           PT Marga Lingkar Jakarta (MLJ) Bonds
Pada 31 Oktober 2017, PT Marga Lingkar Jakarta (MLJ)                              On October 31, 2017, PT Marga Lingkar Jakarta (MLJ), a joint
yang merupakan Ventura Bersama Perseroan telah                                    venture of the Company, successfully obtained an effective
berhasil memperoleh pernyataan efektif dari Otoritas Jasa                         approval from the Financial Services Authority (OJK) for
Keuangan (OJK) atas penerbitan Obligasi I Marga Lingkar                           the issuance of the 2017 Marga Lingkar Jakarta Bond I
Jakarta Tahun 2017 (“Obligasi”). Total dana yang diterima                         (“Bonds”). The total funds received by PT MLJ on November
PT MLJ pada tanggal 8 November 2017 dari hasil penerbitan                         8, 2017, from the issuance of the Bonds amounted to
Obligasi yaitu sebesar Rp1.500.000.000.000,00. Informasi                          Rp1,500,000,000,000.00. Detailed information regarding the
rinci mengenai Obligasi I Marga Lingkar Jakarta 2017 yang                         Jakarta Ring Road Bond I 2017, which has not yet matured,
belum jatuh tempo disajikan sebagai berikut:                                      is presented as follows:

                                                                     Jumlah                     Tingkat                      Peringkat
                                                                                   Tanggal
                               Tanggal      Tenor                    Obligasi                     Suku         Status         Rating
                                                         Mata                       Jatuh
            Uraian           Penerbitan    (Tahun)                    (Juta)                     Bunga      Pembayaran                      Wali Amanat
                                                         Uang                      Tempo
          Description         Issuance      Tenor                      Total                       (%)        Payment                         Trustee
                                                        Currecny                   Maturity                                    2025
                                Data        (Year)                    Bonds                     Interest       Status
                                                                                    Date
                                                                     (Million)                  Rate(%)

 Obligasi I Marga Lingkar    8 November       10          Rp         320.000      8 November     8,70%      Belum Lunas      idAAA (sf)    PT Bank Mega
 Jakarta 2017 Seri D         2017                                                 2027                      Outstanding                    Tbk
 Jakarta Ring Road I         November 8,                                          November 8,
 Bonds 2017 Series D         2017                                                 2027

 Obligasi I Marga Lingkar    8 November       12          Rp         464.000      8 November     8,85%      Belum Lunas      idAAA (sf)    PT Bank Mega
 Jakarta 2017 Seri E         2017                                                 2029                      Outstanding                    Tbk
 Jakarta Ring Road I         November 8,                                          November 8,
 Bonds 2017 Series E         2017                                                 2029




Tabel 5 Besar Pemegang Obligasi MLJ Seri D
Table of the Top 5 Holders of MLJ Series D Bonds


                                             Nama                                                  Jumlah Efek (Rp)
   No.                                       Name                                                                                             %
                                                                                                   Total Bonds (Rp)
     1.       PT Taspen (Pensiun) - AMC                                                             150.000.000.000                       46,9%

     2.       PT Asuransi Jiwa Central Asia Raya                                                     50.000.000.000                        15,6%

     3.       PT Asuransi Tugu Pratama Indonesia                                                     20.000.000.000                         6,3%

     4.       DP. Telkom                                                                             15.000.000.000                         4,7%

     5.       Reksa Dana Bahana Obligasi Ganesha                                                     13.450.000.000                         4,2%




Tabel 5 Besar Pemegang Obligasi MLJ Seri E
Table of the Top 5 Holders of MLJ Series E Bonds


                                             Nama                                                  Jumlah Efek (Rp)
   No.                                       Name                                                                                             %
                                                                                                   Total Bonds (Rp)
     1.       PT Taspen (Asuransi) - AMC                                                            100.000.000.000                        21,6%

     2.       PT Taspen (Pensiun) - AMC                                                              70.000.000.000                        15,1%

     3.       Dana Pensiun Astra Dua                                                                 52.000.000.000                        11,2%

     4.       PT. Asuransi Jiwa Inhealth Indonesia-KPD Mandiri Inhealth                              45.000.000.000                         9,7%

     5.       Reksa Dana Bahana Income Stream                                                        45.000.000.000                         9,7%




288                                                                                    Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 289
06                                    07                                           08
Tata Kelola Perusahaan                Tanggung Jawab Sosial Perusahaan             Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance             Corporate Social Responsibility              Reference of POJK, SEOJK, and ARA Criteria




Obligasi Berkelanjutan II Jasa Marga                                                  Jasa Marga Shelf-Registered Bond II
Tahap I Tahun 2020                                                                    Phase I Year 2020
Pada tanggal 31 Agustus 2020, Jasa Marga memperoleh                                   On August 30, 2020, Jasa Marga successfully obtained an
pernyataan efektif dari Otoritas Jasa Keuangan (OJK) atas                             effective approval from the Financial Services Authority
penerbitan Obligasi Berkelanjutan II Jasa Marga Tahap                                 (OJK) for the issuance of the Jasa Marga Shelf-Registered
I Tahun 2020. Total dana yang diterima Jasa Marga pada                                Bond II Phase I Year 2020. The total funds received by Jasa
tanggal 8 September 2020 dari hasil penerbitan Obligasi                               Marga on September 8, 2020, from the issuance of the Bonds
adalah sebesar Rp2.000.000.000.000,00. Informasi rinci                                amounted to Rp2,000,000,000,000.00. Detailed information
mengenai Obligasi Berkelanjutan II Jasa Marga Tahap I Tahun                           regarding Jasa Marga’s Phase I 2020 Continuous Bond II is
2020 yang belum jatuh tempo disajikan sebagai berikut:                                presented as follows:

                                                                          Jumlah                       Tingkat                    Peringkat
                                                                                         Tanggal
                              Tanggal           Tenor                     Obligasi                       Suku          Status      Rating
                                                            Mata                          Jatuh
           Uraian           Penerbitan         (Tahun)                     (Juta)                       Bunga       Pembayaran                Wali Amanat
                                                            Uang                         Tempo
         Description         Issuance           Tenor                       Total                         (%)         Payment                   Trustee
                                                           Currecny                      Maturity                                   2025
                               Data             (Year)                     Bonds                       Interest        Status
                                                                                          Date
                                                                          (Million)                    Rate(%)

 Obligasi Berkelanjutan     8                    7            Rp         90.050        8 September      8,60%       Belum Lunas     IdAA      PT Bank Mega
 II Jasa Marga Tahap I      September                                                  2027                         Outstanding               Tbk
 Tahun 2020 Seri C          2020                                                       September
 Jasa Marga Phase I 2020    S e p te m b e r                                           8, 2027
 Series C Sustainable       8, 2020
 Bonds II

 Obligasi Berkelanjutan     8                    10           Rp         523.600       8 September      9,00%       Belum Lunas     IdAA      PT Bank Mega
 II Jasa Marga Tahap I      September                                                  2030                         Outstanding               Tbk
 Tahun 2020 Seri D          2020                                                       September
 Jasa Marga Phase I 2020    S e p te m b e r                                           8, 2030
 Series D Sustainable       8, 2020
 Bonds II




Tabel 5 Besar Pemegang Obligasi Berkelanjutan II Jasa Marga Tahap I Tahun 2020 Seri C
Table of the Top 5 Holders of Jasa Marga Shelf-Registered Bond II Phase I Year 2020 Series C


                                               Nama                                                     Jumlah Efek (Rp)
  No.                                          Name                                                                                             %
                                                                                                        Total Bonds (Rp)
    1.      Dana Pensiun Bank Mandiri                                                                                   12.000.000.000              13,3%

   2.       REKSA DANA SETIABUDI DANA KOMBINASI DINAMIS                                                                 10.000.000.000               11,1%

            KOP. KESEHATAN PEG. & PENSIUNAN BANK MANDIRI (MANDIRI
   3.                                                                                                                   10.000.000.000               11,1%
            HEALTCARE)

   4.       DP Pos Indonesia                                                                                            10.000.000.000               11,1%

    5.      DANA PENSIUN KOMPAS GRAMEDIA                                                                                10.000.000.000               11,1%


Tabel 5 Besar Pemegang Obligasi Berkelanjutan II Jasa Marga Tahap I Tahun 2020 Seri D
Table of the Top 5 Holders of Jasa Marga Shelf-Registered Bond II Phase I Year 2020 Series D


                                               Nama                                                     Jumlah Efek (Rp)
  No.                                          Name                                                                                             %
                                                                                                        Total Bonds (Rp)
    1.      PT Taspen                                                                                                  165.000.000.000              31,5%

   2.       Persek Dapenma Pamsi                                                                                       100.000.000.000               19,1%

   3.       BPJS Kesehatan                                                                                              47.000.000.000               9,0%

   4.       Dana Pensiun Bank Mandiri                                                                                   30.000.000.000                5,7%

    5.      PT Asuransi Jiwa Central Asia Raya                                                                          24.000.000.000               4,6%




PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                                 289
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01                                   02                         03                        04                                       05
Ikhtisar Kinerja Utama               Laporan Manajemen          Profil Perusahaan          Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights           Management Report          Company Profile            Management Discussion and Analysis       Business Support Functions




Obligasi Berkelanjutan III Jasa Marga                                              Jasa Marga Shelf-Registered Bond III
Tahap I Tahun 2024                                                                 Phase I Year 2024
Pada tanggal 26 Juni 2024, Jasa Marga memperoleh                                   On June 26, 2024, Jasa Marga successfully obtained an
pernyataan efektif dari Otoritas Jasa Keuangan (OJK) atas                          effective approval from the Financial Services Authority
penerbitan Obligasi Berkelanjutan III Jasa Marga Tahap                             (OJK) for the issuance of the Jasa Marga Shelf-Registered
I Tahun 2024. Total dana yang diterima Jasa Marga pada                             Bond III Phase I Year 2024. The total funds received by Jasa
tanggal 5 Juli 2024 dari hasil penerbitan Obligasi adalah                          Marga on July 5, 2024, from the issuance of the Bonds
sebesar Rp932.350.000.000,00. Informasi rinci mengenai                             amounted to Rp932,350,000,000.00. Detailed information
Obligasi Berkelanjutan III Jasa Marga Tahap I Tahun 2024                           regarding the Jasa Marga 2024 Series III Continuous Bonds,
yang belum jatuh tempo disajikan sebagai berikut:                                  Phase I, which have not yet matured, is presented as follows:

                                                                      Jumlah                      Tingkat                      Peringkat
                                                                                     Tanggal
                               Tanggal       Tenor                    Obligasi                      Suku         Status         Rating
                                                          Mata                        Jatuh
            Uraian           Penerbitan     (Tahun)                    (Juta)                      Bunga      Pembayaran                     Wali Amanat
                                                          Uang                       Tempo
          Description         Issuance       Tenor                      Total                        (%)        Payment                        Trustee
                                                         Currecny                    Maturity                                    2025
                                Data         (Year)                    Bonds                      Interest       Status
                                                                                      Date
                                                                      (Million)                   Rate(%)

 Obligasi Berkelanjutan      5 Juli 2024       3           Rp          90.155      5 Juli 2027     6,90%      Belum Lunas        IdAA       PT Bank Mega
 III Jasa Marga Tahap I      July 5, 2024                                          July 5, 2027               Outstanding                   Tbk
 Tahun 2024 Seri A
 Jasa Marga Phase I
 Sustainable Bonds III
 2024 Series A

 Obligasi Berkelanjutan      5 Juli 2024       5           Rp         241.055      5 Juli 2029     7,00%      Belum Lunas        IdAA       PT Bank Mega
 III Jasa Marga Tahap I      July 5, 2024                                          July 5, 2029               Outstanding                   Tbk
 Tahun 2024 Seri B
 Jasa Marga Phase
 I 2024 Series B
 Sustainable Bonds III

 Obligasi Berkelanjutan      5 Juli 2024       10          Rp         601.140      5 Juli 2034     7,20%      Belum Lunas        idAA       PT Bank Mega
 III Jasa Marga Tahap I      July 5, 2024                                          July 5, 2034               Outstanding                   Tbk
 Tahun 2024 Seri C
 Jasa Marga Phase
 I 2024 Series C
 Sustainable Bonds III



Tabel 5 Besar Pemegang Obligasi Berkelanjutan III Jasa Marga Tahap I Tahun 2024 Seri A
Table of the Top 5 Holders of Jasa Marga Shelf-Registered Bond III Phase I Year 2024 Series A


                                              Nama                                                   Jumlah Efek (Rp)
   No.                                        Name                                                                                             %
                                                                                                     Total Bonds (Rp)
     1.       DPLK BANK RAKYAT INDONESIA - PENDAPATAN TETAP                                                         25.000.000.000                   27,7%

     2.       PT.ASABRI (Persero)                                                                                    15.000.000.000                  16,6%

     3.       PRIME FIXED INCOME-KPD                                                                                 12.000.000.000                 13,3%

     4.       SOMPO INSURANCE INDONESIA                                                                              10.000.000.000                  11,1%

     5.       Dana Pensiun Bank Mandiri Dua                                                                           5.000.000.000                   5,6%


Tabel 5 Besar Pemegang Obligasi Berkelanjutan III Jasa Marga Tahap I Tahun 2024 Seri B
Table of the Top 5 Holders of Jasa Marga Shelf-Registered Bond III Phase I Year 2024 Series B


                                              Nama                                                   Jumlah Efek (Rp)
   No.                                        Name                                                                                             %
                                                                                                     Total Bonds (Rp)
     1.       PT BANK DIGITAL BCA                                                                                  100.000.000.000                   41,5%

     2.       Treasury bank bjb                                                                                    100.000.000.000                   41,5%

     3.       PT REASURANSI INDONESIA UTAMA (PERSERO)                                                               30.000.000.000                  12,5%

     4.       Dana Pensiun Bank Mandiri Dua                                                                           5.000.000.000                   2,1%

     5.       Dana Pensiun Bank Mandiri Empat                                                                         3.000.000.000                   1,2%




290                                                                                      Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 291
06                               07                                     08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




Tabel 5 Besar Pemegang Obligasi Berkelanjutan III Jasa Marga Tahap I Tahun 2024 Seri C
Table of the Top 5 Holders of Jasa Marga Shelf-Registered Bond III Phase I Year 2024 Series C


                                           Nama                                              Jumlah Efek (Rp)
  No.                                      Name                                                                                     %
                                                                                             Total Bonds (Rp)
    1.     DJS Ketenagakerjaan Program JP                                                                  400.000.000.000              66,5%

   2.      Dana Pensiun Jasa Marga                                                                           60.000.000.000             10,0%

   3.      PT Panin Dai-ichi Life - Shareholder IDR                                                          50.000.000.000              8,3%

   4.      DPK Indocement T.P                                                                                30.000.000.000              5,0%

    5.     Persek Dapenma Pamsi                                                                              25.000.000.000              4,2%




Obligasi Berkelanjutan III Jasa Marga                                     Jasa Marga Shelf-Registered Bond III
Tahap II Tahun 2025                                                       Phase II Year 2025
Pada tanggal 26 Juni 2024, Jasa Marga memperoleh                          On June 26, 2024, Jasa Marga successfully obtained an
pernyataan efektif dari Otoritas Jasa Keuangan (OJK) atas                 effective approval from the Financial Services Authority
penerbitan Obligasi Berkelanjutan III Jasa Marga Tahap                    (OJK) for the issuance of the Jasa Marga Shelf-Registered
II Tahun 2025. Total dana yang diterima Jasa Marga pada                   Bond III Phase II Year 2025. The total funds received by
tanggal 4 September 2025 dari hasil penerbitan Obligasi                   Jasa Marga on September 4, 2025, from the issuance of
adalah sebesar Rp1.000.000.000.000,00. Informasi rinci                    the Bonds amounted to Rp1,000,000,000,000.00. Detailed
mengenai Obligasi Berkelanjutan III Jasa Marga Tahap II                   information regarding the Jasa Marga 2025 Series III
Tahun 2025 yang belum jatuh tempo disajikan sebagai                       Continuous Bonds, Phase II, which have not yet matured, is
berikut:                                                                  presented as follows:


                                                      Jumlah               Tanggal         Tingkat                      Peringkat
                     Tanggal       Tenor                                                                    Status
                                                     Obligasi               Jatuh            Suku                        Rating       Wali
     Uraian        Penerbitan     (Tahun) Mata Uang                                                      Pembayaran
                                                       (Juta)              Tempo            Bunga                                    Amanat
  Description       Issuance       Terms   Currency                                                        Payment
                                                    Total Sukuk            Maturity        Interest                       2025       Trustee
                      Date         (Year)                                                                   Status
                                                     (Milions)              Date             Rate
 Obligasi
 Berkelanjutan
 III Jasa Marga
 Tahap II Tahun
                  4 September                                            4 September
 2025 Seri A
                  2025                                                   2028                           Belum Lunas                 PT Bank
 Jasa Marga                           3           Rp          120.000                     6,40%                           idAA
                  September 4,                                           September                      Outstanding                 Mega Tbk
 Shelf-
                  2025                                                   4, 2028
 Registered
 Bond III Phase
 II Year 2025
 Series A

 Obligasi
 Berkelanjutan
 III Jasa Marga
 Tahap II Tahun
                  4 September                                            4 September
 2025 Seri B
                  2025                                                   2030                           Belum Lunas                 PT Bank
 Jasa Marga                           5           Rp          100.000                     6,60%                           idAA
                  September 4,                                           September                      Outstanding                 Mega Tbk
 Shelf-
                  2025                                                   4, 2030
 Registered
 Bond III Phase
 II Year 2025
 Series B

 Obligasi
 Berkelanjutan
 III Jasa Marga
 Tahap II Tahun
                  4 September                                            4 September
 2025 Seri C
                  2025                                                   2035                           Belum Lunas                 PT Bank
 Jasa Marga                           10          Rp          780.000                     7,15%                           idAA
                  September 4,                                           September                      Outstanding                 Mega Tbk
 Shelf-
                  2025                                                   4, 2035
 Registered
 Bond III Phase
 II Year 2025
 Series C




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                        291
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01                                02                  03                   04                                       05
Ikhtisar Kinerja Utama            Laporan Manajemen   Profil Perusahaan     Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report   Company Profile       Management Discussion and Analysis       Business Support Functions




Tabel Pemegang Obligasi Berkelanjutan III Jasa Marga Tahap II Tahun 2025 Seri A
Table of Jasa Marga Shelf-Registered Bond III Phase II Year 2025 Series A Bondholders


                                           Nama                                       Jumlah Efek (Rp)
   No.                                     Name                                                                                 %
                                                                                      Total Bonds (Rp)
     1.     PT BANK MAYBANK INDONESIA                                                                 87.000.000.000                 72,5%

     2.     BDI Treasury ALM Family                                                                  32.000.000.000                  26,7%

     3.     PT. ASS JASA TANIA                                                                         1.000.000.000                   0,8%


Tabel 5 Besar Pemegang Obligasi Berkelanjutan III Jasa Marga Tahap II Tahun 2025 Seri B
Table of the Top 5 Holders of Jasa Marga Shelf-Registered Bond III Phase II Year 2025 Series B


                                           Nama                                       Jumlah Efek (Rp)
   No.                                     Name                                                                                 %
                                                                                      Total Bonds (Rp)
     1.     BCA- TREASURY DEPT                                                                       69.000.000.000                  69,0%

     2.     REKSA DANA BAHANA PENDAPATAN TETAP MAKARA PRIMA                                            8.000.000.000                   8,0%

     3.     DANA PENSIUN KARYAWAN BPJS KETENAGAKERJAAN - SAHAM                                         7.000.000.000                   7,0%

     4.     PRIME FIXED INCOME-KPD                                                                     5.000.000.000                   5,0%

     5.     YAYASAN KESEJAHTERAAN PEGAWAI OJK - MP                                                     4.000.000.000                   4,0%


Tabel 5 Besar Pemegang Obligasi Berkelanjutan III Jasa Marga Tahap II Tahun 2025 Seri C
Table of Top 5 Holders of Jasa Marga Shelf-Registered Bond III Phase II Year 2025 Series C


                                           Nama                                       Jumlah Efek (Rp)
   No.                                     Name                                                                                 %
                                                                                      Total Bonds (Rp)
     1.     KPD ASKRINDO KUR KORPORASI                                                              170.000.000.000                   21,8%

     2.     LEMBAGA PENGELOLA DANA PENDIDIKAN SEKRETARIAT JENDERAL                                   60.805.000.000                    7,8%

     3.     Dana Pensiun Bank Mandiri                                                                58.000.000.000                    7,4%

     4.     DPLK BNI - Obligasi                                                                      55.000.000.000                     7,1%

     5.     PT. AIAF HY PAR - IDR FI                                                                 55.000.000.000                     7,1%




292                                                                       Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 293
06                                   07                                      08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




Kronologi Penerbitan dan/atau Pencatatan Sukuk
Chronology of Sukuk Issuance and/or Listing
Tabel Kronologi Penerbitan Sukuk Jasa Marga
Table of Jasa Marga Sukuk Issuance Chronology

                                                                Jumlah      Tanggal    Tingkat                            Peringkat
                         Tanggal        Tenor                                                        Status
                                                   Mata        Obligasi      Jatuh       Suku                              Rating              Wali
          Uraian       Penerbitan      (Tahun)                                                    Pembayaran
 No.                                               Uang          (Juta)     Tempo       Bunga                                                 Amanat
        Description     Issuance        Terms                                                       Payment
                                                  Currency    Total Sukuk   Maturity   Interest                    2025     2024      2023    Trustee
                          Date          (Year)                                                       Status
                                                               (Milions)     Date        Rate

  1.   Sukuk Ijarah   17 Juli 2019        3          Rp         100.000     17 Juli     8,50%        Lunas           -        -         -     PT Bank
       Jangka         July 17,                                               2022                   Fully paid                                Mega Tbk
       Menengah PT    2019                                                  July 17,
       Jasamarga                                                             2022
       Pandaan Tol
       Tahun 2019
       Seri A
       Sukuk Ijarah
       PT Jasamarga
       Pandaan Tol
       Year 2019
       Series A

       Sukuk Ijarah   17 Juli 2019        5          Rp         685.000     17 Juli     9,00%        Lunas           -        -       idAA-   PT Bank
       Jangka         July 17,                                               2024                   Fully paid                         (sy)   Mega Tbk
       Menengah PT    2019                                                  July 17,
       Jasamarga                                                             2024
       Pandaan Tol
       Tahun 2019
       Seri B
       Medium term
       Sukuk Ijarah
       PT Jasamarga
       Pandaan Tol
       Year 2019
       Seri B


Jasa Marga melalui salah satu Ventura Bersama dari                              Jasa Marga, through one of its joint ventures, PT Jasamarga
PT Jasamarga Transjawa Tol (JTT) yaitu PT Jasamarga                             Transjawa Tol (JTT), namely PT Jasamarga Pandaan
Pandaan Tol (JPT) menerbitkan Sukuk Ijarah Menengah                             Tol (JPT), issued the 2Medium-Term Sukuk Ijarah of
PT Jasamarga Pandaan Tol Tahun 2019 pada 17 Juli 2019.                          PT Jasamarga Pandaan Tol Year 2019 on July 17, 2019. The
Total dana yang diterima dari hasil penerbitan sukuk ini                        total funds received from the issuance of this sukuk amounted
adalah sebesar Rp785.000.000.000,00 yang digunakan                              to Rp785,000,000,000.00, which was utilized to make
untuk melakukan pembayaran dan/atau pembayaran                                  payments and/or accelerated payments on PT JPT’s bank
dipercepat atas utang-utang perbankan PT JPT serta                              debts and to meet PT JPT’s working capital requirements. In
untuk memenuhi kebutuhan modal kerja PT JPT. Dalam                              this case, PT JPT engaged Pefindo as the rating agency. On
hal ini, PT JPT menggunakan Pefindo sebagai lembaga                             July 17, 2024, the Company, through PT Jasamarga Pandaan
pemeringkat. Pada tanggal 17 Juli 2024, Perseroan melalui                       Tol (JPT), has fully redeemed all outstanding sukuk.
PT Jasamarga Pandaan Tol (JPT) telah melunasi seluruh
outstanding sukuk.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                                293
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01                                 02                    03                       04                                           05
Ikhtisar Kinerja Utama             Laporan Manajemen     Profil Perusahaan         Analisa dan Pembahasan Manajemen             Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report     Company Profile           Management Discussion and Analysis           Business Support Functions




Kronologi Penerbitan dan/atau Pencatatan
Sumber Pendanaan Lainnya
Chronology of Other Sources of Funding Issuance and/or Listing

Tabel Kronologi Penerbitan Sumber Pendanaan Lainnya Jasa Marga
Table of Jasa Marga’s Other Funding Sources Issuance Chronology


                                     Tahun     Tenor                   Nilai                     Tingkat
                                                         Mata                        Jatuh                                            Tujuan
                Uraian               Terbit   (Tahun)                 (Juta)                      Imbal        Peringkat
 No.                                                     Uang                       Tempo                                           Penerbitan
              Description          Issuance    Terms                  Value                      Hasil (%)      Rating
                                                        Currency                    Maturity                                   Purpose of Issuance
                                      Year     (Year)                (Million)                   Yield (%)
   1.    Kontrak Investasi           2017         5        Rp         2.000.000       2022          8,40          idAAA       Mendanai pembangunan
         Kolektif Efek Beragun                                                                                   oleh/by      ruas jalan tol baru
         Aset (KIK- EBA)                                                                                         Pefindo      Financing new toll road
         Mandiri JSMR01 - Hak                                                                                                 construction
         Atas Pendapatan Tol
         Jagorawi*
         Assets-Backed
         Securities Collective
         Investment Contract
         (KIK-EBA) Mandiri
         JSMR 01 – Concession
         on Revenues from
         Jagorawi Toll Road*

  2.     Reksa Dana                  2018         -        Rp         1.970.000        -              -                -      Mendanai ekuitas di
         Penyertaan Terbatas                                                                                                  PT Jasamarga Semarang
         Mandiri Infrastruktur                                                                                                Batang, PT Jasamarga
         Ekuitas Transjawa                                                                                                    Solo Ngawi, dan
         (RDPT MIET)                                                                                                          PT Jasamarga Ngawi
         Mandiri Limited Mutual                                                                                               Kertosono Kediri
         Funds of Mandiri                                                                                                     Financing equity at
         Infrastructure Equity                                                                                                PT Jasamarga Semarang
         Transjawa (RDPT                                                                                                      Batang, PT Jasamarga
         MIET)                                                                                                                Solo Ngawi and
                                                                                                                              PT Jasamarga Ngawi
                                                                                                                              Kertosono Kediri

  3.     Kontrak Investasi           2019         -        Rp         1.303.400        -              -                -      Mendanai ekuitas di
         Kolektif Dana                                                                                                        PT Trans Marga Jateng
         Investasi Infrastruktur                                                                                              dan PT Jasamarga
         (KIKDINFRA) Toll Road                                                                                                Pandaan Tol
         Mandiri 001*                                                                                                         Financing equity at
         Investment Contract                                                                                                  PT Trans Marga Jateng
         Infrastructure                                                                                                       and PT Jasamarga
         Investment Funds                                                                                                     Pandaan Tol
         (KIKDINFRA) Toll Road
         Mandiri 001*

  4.     Surat Berharga              2020         1        Rp           566.000       2021          6,80          idA1+       Memperbaiki arus kas
         Komersial I Jasa Marga                                                                                  oleh/by      Perseroan dalam jangka
         Tahun 2020                                                                                              Pefindo      pendek dan dapat
         Commercial Securities                                                                                                digunakan sebagai
         I Jasa Marga Year                                                                                                    modal kerja serta belanja
         2020                                                                                                                 modal Perseroan
                                                                                                                              Improve the Company’s
                                                                                                                              shortterm cash flows
                                                                                                                              and allocated as the
                                                                                                                              Company’s working
                                                                                                                              capital and capital
                                                                                                                              expenditure

Keterangan/Notes:
*) Dicatatkan di Bursa Efek Indonesia.
*) Listed at Indonesia Stock Exchange.




294                                                                               Laporan Tahunan 2025 Annual Report       PT Jasa Marga (Persero) Tbk
Page 295
06                               07                                     08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




Lembaga dan/atau Profesi Penunjang
Supporting Institutions and/or Professions
Biro Administrasi Efek
Securities Registrar
     Nama Perusahaan
                                    PT Datindo Entrycom
     Company’s Name

     Alamat
                                    Jl. Hayam Wuruk No. 28 Lantai 2, Jakarta 10120
     Address

                                    Tel     : 6221 350 8077 (Hunting)
     Telp/Fax/Email
                                    Fax     : 6221 350 8078
     Telp/Fax/Email
                                    Website : www.datindo.com

                                    Memelihara Daftar Pemegang Saham (DPS) dan melaksanakan pencatatan perubahan-perubahan
     Ruang Lingkup Pekerjaan        pada DPS yang tercatat di Bursa Efek Indonesia
     Scope of Work                  Maintain Shareholders List (DPS) and record any change in DPS registered at the Indonesia Stock
                                    Exchange

     Periode Penugasan              2009 – Sekarang
     Assignment Period              2009 – Present

     Biaya
                                    Rp44.400.000,00
     Fee




Wali Amanat
Trustee
     Nama Perusahaan
                                    PT Bank Mega Tbk
     Company’s Name

                                    Menara Bank Mega
     Alamat
                                    Jl. Kapten Tendean Kav. 12-14A
     Address
                                    Jakarta 12790

                                    Tel     : 6221 5140 1340
     Telp/Fax/Email
                                    Fax     : 6221 5140 1350
     Telp/Fax/Email
                                    Website : www.bankmega.com

     Ruang Lingkup Pekerjaan        Mewakili kepentingan investor pemegang efek bersifat utang
     Scope of Work                  Representing the interests of investors holding debt securities

     Periode Penugasan              2010 – Sekarang
     Assignment Period              2010 – Present

     Biaya
                                    Rp122.100.000,00
     Fee



Kantor Akuntan Publik
Public Accountant Firm
     Nama Perusahaan
                                    Kantor Akuntan Publik Amir Abadi Jusuf, Aryanto, Mawar & Rekan (RSM Indonesia)
     Company’s Name

     Alamat
                                    Plaza ASIA lantai 10. Jl. Jenderal Sudirman Kav. 59 Jakarta 12190
     Address

                                    Tel     : (021) 5140-1340
     Telp/Fax/Email
                                    Fax     : (021) 5140-1350
     Telp/Fax/Email
                                    Website : www.rsm.global/indonesia/id

                                    1.   Audit atas Laporan Keuangan Konsolidasian PT Jasa Marga (Persero) Tbk. untuk Tahun Buku yang
                                         berakhir tanggal 31 Desember 2025;
                                    2.   Adapun lingkup pekerjaan yang dimaksud meliputi hal-hal sebagai berikut:
     Ruang Lingkup Pekerjaan
                                         a. Audit atas Laporan Keuangan Konsolidasian PT Jasa Marga (Persero) Tbk untuk tahun buku
     Scope of Work
                                             yang berakhir 31 Desember 2025;
                                         b. Audit atas Laporan Keuangan Program Pendanaan Usaha Mikro dan Usaha Kecil (PUMK)
                                             PT Jasa Marga (Persero) Tbk untuk tahun buku yang berakhir 31 Desember 2025;




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                 295
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01                           02                        03                    04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen         Profil Perusahaan      Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report         Company Profile        Management Discussion and Analysis       Business Support Functions




                                       c.  Audit atas Kepatuhan PT Jasa Marga (Persero) Tbk terhadap Peraturan Perundang-undangan
                                           dan Pengendalian Internal sebagai wujud penerapan Pernyataan Standar Audit (PSA) No.62
                                           yang dilaksanakan sebagai bagian dari audit atas Laporan Keuangan Tahun Buku yang
                                           berakhir 31 Desember 2025 berdasarkan Standar Audit yang ditetapkan oleh Institut Akuntan
                                           Publik Indonesia;
                                       d. Agreed Upon Procedure (AUP) dan Jasa Atestasi Laporan Keuangan Tahun Buku 2025
                                           PT Jasa Marga (Persero) Tbk. yang terdiri dari:
                                           • AUP Key Performance Indicators Kolegial dan Individual sebagaimana disebutkan dalam
                                                Lampiran 2 dan 3 Kontrak ini;
                                           • AUP Anaplan/reporting package Kementerian Badan Usaha Milik Negara (KBUMN)
                                                sebagaimana disebutkan dalam Lampiran 1 Kontrak ini;
                                       e. Jasa Profesional lainnya yang terdiri dari :
                                           • Membantu menyiapkan dokumen-dokumen pendukung yang berhubungan dengan
                                                Audit atas Laporan Keuangan Perusahaan seperti management representation, apabila
                                                diperlukan sesuai ketentuan yang berlaku;
                                           • Melakukan rapat-rapat koordinasi dengan pihak-pihak yang terkait dengan Pelaksanaan
                                                Audit Umum seperti rapat dengan Tim Rekan Imbang, rapat dengan Komite Audit, rapat
                                                dengan Accounting & Tax Group dan Unit Corporate Communication & Community
                                                Development Group, menghadiri Rapat Umum Pemegang Saham Tahunan PT Jasa Marga
                                                (Persero) Tbk dan rapat-rapat lainnya yang terkait dan relevan dengan Pekerjaan.
                                  1.   Audit on PT Jasa Marga (Persero) Tbk Consolidated Financial Statements for the Fiscal Year
                                       ended on December 31, 2025;
                                  2.   The scope of work referred to includes the following:
                                       a. Audit of the Consolidated Financial Statements of PT Jasa Marga (Persero) Tbk for the
                                           financial year ending December 31, 2025;
                                       b. Audit of the Financial Statements of the Micro and Small Business Funding Programme
                                           (PUMK) of PT Jasa Marga (Persero) Tbk for the financial year ending December 31, 2025;
                                       c. Audit of PT Jasa Marga (Persero) Tbk compliance with laws and regulations and internal
                                           controls as a manifestation of the implementation of Statement of Auditing Standards (PSA)
                                           No. 62, carried out as part of the audit of the Financial Statements for the financial year
                                           ending December 31, 2025 based on the Auditing Standards established by the Indonesian
                                           Institute of Public Accountants;
                                       d. Agreed Upon Procedure (AUP) and Financial Statement Attestation Services for the 2025
                                           Financial Year of PT Jasa Marga (Persero) Tbk., consisting of:
                                           • AUP Key Performance Indicators for the Board and Individuals as specified in Appendices
                                                2 and 3 of this Contract;
                                           • AUP Anaplan/reporting package of the Ministry of State-Owned Enterprises (KBUMN) as
                                                mentioned in Appendix 1 of this Contract;
                                       e. Other Professional Services consisting of:
                                           • Assisting in preparing supporting documents related to the Audit of the Company’s
                                                Financial Statements such as management representation, if necessary in accordance
                                                with applicable regulations;
                                           • Conducting coordination meetings with parties related to the Implementation of
                                                the General Audit, such as meetings with the Counterparty Team, meetings with the
                                                Audit Committee, meetings with the Accounting & Tax Group and the Corporate
                                                Communication & Community Development Group Unit, attending the Annual General
                                                Meeting of Shareholders of PT Jasa Marga (Persero) Tbk and other meetings related and
                                                relevant to the Work.

     Periode Penugasan
                                  2025
     Assignment Period

                                  Nilai Kontrak untuk Pekerjaan sebagaimana dimaksud Pasal 1 Kontrak ini adalah sebesar
                                  Rp2.263.155.000 (Dua milyar dua ratus enam puluh tiga juta seratus lima puluh lima ribu rupiah) sudah
     Biaya                        termasuk Pajak Pertambahan Nilai (PPN) sesuai dengan ketentuan yang berlaku
     Fee                          The Contract Value for the Work as referred to in Article 1 of this Contract is in the amount of
                                  Rp2,263,155,000 (two billion two hundred sixty-three million one hundred fifty-five thousand rupiah),
                                  including Value Added Tax (VAT) in accordance with applicable regulations




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Page 297
06                               07                                    08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




Lembaga Pemeringkat Efek
Rating Agency
     Nama Perusahaan
                                    PT Pemeringkat Efek Indonesia (Pefindo)
     Company’s Name

                                    Equity Tower, Lantai 30
     Alamat                         Sudirman Central Business District Lot 9
     Address                        Jl. Jenderal Sudirman Kav. 52-53
                                    Jakarta 12190, Indonesia

                                    Tel     : 6221 5096 8469
     Telp/Fax/Email
                                    Fax     : 6221 5096 8468
     Telp/Fax/Email
                                    Website : www.pefindo.com

     Ruang Lingkup Pekerjaan        Pemeringkatan Perusahaan dan Obligasi
     Scope of Work                  Rating of Companies and Bonds

     Periode Penugasan              2013 – Sekarang
     Assignment Period              2013 – Present

     Biaya
                                    Rp915.750.000,00
     Fee


Notaris
Notary
     Nama Perusahaan
                                    Ir. Nanette Cahyanie Handari Adi Warsito, S.H.
     Company’s Name

     Alamat
                                    Jl. Panglima Polim V/11, Kebayoran Baru, Jakarta
     Address

                                    Tel     : (62-21) 7244650 – 7392801 – 7209645
     Telp/Fax/Email                 Fax     : (62-21) 7265090
     Telp/Fax/Email                 Website : cahyanie72@yahoo.co.id;
                                              poerbaningsih@yahoo.com

     Ruang Lingkup Pekerjaan        Notaris dalam pelaksanaan Rapat Umum Pemegang Saham Tahunan
     Scope of Work                  Notary for the Annual General Meeting of Shareholders Implementation

     Periode Penugasan              2017 – Sekarang
     Assignment Period              2017 – Present




Konsultan Hukum
Legal Advisor
     Nama Perusahaan
                                    UMBRA Strategic Legal Solutions
     Company’s Name

     Alamat                         Telkom Landmark Tower, Tower 2, Lantai 49
     Address                        Jl. Gatot Subroto Kav. 52, Jakarta

     Telp/Fax/Email                 Tel     : 6221 5082 0999
     Telp/Fax/Email                 Website : www.umbra.law

     Ruang Lingkup Pekerjaan        Konsultan hukum dalam pelaksanaan Rapat Umum Pemegang Saham (RUPS)
     Scope of Work                  Legal Advisor for the General Meeting of Shareholders (GMS) Implementation

     Periode Penugasan              2018 – Sekarang
     Assignment Period              2018 – Present




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                    297
Page 298
01                             02                       03                      04                                       05
Ikhtisar Kinerja Utama         Laporan Manajemen        Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights     Management Report        Company Profile          Management Discussion and Analysis       Business Support Functions




Informasi Situs Web Perseroan
Information on the Company’s Website

Jasa Marga memiliki situs web yang ditujukan sebagai                       Jasa Marga has a website that serves as a medium of
media komunikasi dengan pihak eksternal maupun internal                    communication with external and internal parties to
untuk menyampaikan beragam informasi umum mengenai                         convey various general information about the Company. All
Perseroan. Seluruh informasi yang ditampilkan pada situs                   information displayed on the Company’s website is managed
web Perseroan dikelola secara profesional dan transparan                   professionally and transparently in accordance with the
sesuai dengan ketentuan Peraturan Otoritas Jasa Keuangan                   provisions of Financial Services Authority Regulation
(POJK) No. 8/POJK.04/2015 tentang Situs Web Emiten atas                    (POJK) No. 8/POJK.04/2015 on Issuers’ Websites for Public
Perusahaan Publik. Seluruh informasi yang dimuat pada                      Companies. All information contained on the Company’s
situs web Perseroan disajikan dalam 2 (dua) bahasa, yaitu                  website is presented in 2 (two) languages, i.e, Indonesian
Bahasa Indonesia dan Bahasa Inggris. Perseroan senantiasa                  and English. The Company continuously updates the
memperbarui informasi secara berkala agar dapat selalu                     information regularly to always display the latest and most
menampilkan informasi terkini dan akurat bagi para                         accurate information for its stakeholders.
pemangku kepentingan.

Situs web Perseroan menyajikan beragam informasi yang                      The Company’s website presents a variety of relevant
relevan sebagai bentuk keterbukaan informasi kepada                        information as a form of information disclosure to the public,
publik, antara lain: informasi laporan keuangan tahunan,                   including: annual financial statements, quarterly financial
laporan keuangan per triwulan dan laporan keuangan                         statements and semi-annual financial statements, stock
tengah tahunan, kinerja saham, presentasi dari manajemen                   performance, presentations from management for each
untuk setiap triwulan atas kinerja Perseroan serta informasi               quarter on the Company’s performance, as well as other
dan kegiatan Perseroan lainnya.                                            information and activities of the Company.

Pemenuhan informasi pada situs Perseroan sesuai dengan                     Compliance with information requirements on the Company’s
POJK No. 8/POJK.04/2015 dapat dilihat pada tabel berikut:                  website in accordance with POJK No. 8/POJK.04/2015 can
                                                                           be seen in the following table:

Tabel Keterbukaan Informasi pada Situs Web Perseroan
Table of Information Disclosure on the Company’s Website



                                                                                                         Ketersediaan di Situs Web
                                        Cakupan Informasi                                                  www.jasamarga.com
 No.                                    Scope of Information                                               Availability on Website
                                                                                                           www. jasamarga.com
         Informasi pemegang saham sampai dengan pemilik akhir individu.
   1.
         Shareholder information up to individual ultimate owner.

         Isi Kode Etik.
  2.
         Contents of Code of Conduct.

         Informasi Rapat Umum Pemegang Saham (RUPS) paling kurang, meliputi: bahan
         mata acara yang dibahas dalam RUPS, ringkasan risalah RUPS, dan informasi
         tanggal penting yaitu tanggal pengumuman RUPS, tanggal pemanggilan RUPS,
         tanggal RUPS, tanggal ringkasan risalah RUPS diumumkan.
  3.
         Information on the General Meeting of Shareholders (GMS) at least including the
         agenda discussed in the GMS, summary of GMS minutes, and information on
         important dates, including the GMS announcement date, GMS invitation date, GMS
         implementation date, the date when the GMS summary will be announced.

         Laporan keuangan tahunan terpisah (5 tahun terakhir).
  4.
         Separated Annual Reports (for 5 current years).

         Profil Dewan Komisaris dan Direksi.
  5.
         Profiles of the Board of Commissioners and Board of Directors.

         Piagam/Charter Dewan Komisaris, Direksi, Komite-Komite, dan Unit Audit Internal.
  6.     Charter of Commissioners Charter, Board of Directors Charter, Charters of the
         Committees, and Internal Audit Charter.




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




Secara lebih spesifik, informasi dalam kanal yang tersedia di              More specifically, the information available on the Company’s
situs Perseroan adalah sebagai berikut:                                    website is as follows:




              Tentang Kami                                           Pengadaan                                        Media & Informasi
                About Us                                            Procurement                                       Media & Information


     •    Profil Perusahaan                             •    Pengadaan                                      •    Media
          Company Profile                                    Procurement                                    •    Miles
     •    Bisnis Jasa Marga                             •    Pengumuman Paket                               •    Keterbukaan Informasi Publik
          Jasa Marga Business                                Pengadaan                                           Public Information Disclosure
     •    Tata Kelola                                        Procurement Package                            •    Program Lainnya
          Corporate Governance                               Announcement                                        Other Program
     •    Keberlanjutan                                 •    Daftar Rekanan Jasa Marga
          Sustainability                                     List of Jasa Marga Partners
     •    Sistem Manajemen Mutu, K3,                    •    PADI UMKM
          dan Lingkungan                                •    TKDN
          Quality, Occupational Safety
          & Health and Environment
          Management System




                 Jalan Tol                                             Karir                                             Kontak Kami
                 Toll Road                                            Career                                              Contact Us


     •    Jalan Tol Jasa Marga                          •    Karir                                          •    Kantor Pusat
          Jasa Marga Toll Road                               Career                                              Head Office
                                                                                                            •    PT Jasamarga Transjawa Tol
                                                                                                            •    Regional Metropolitan
                                                                                                            •    Regional Nusantara
                                                                                                            •    Anak Usaha Bidang
                                                                                                                 Pengoperasian Jalan Tol
                                                                                                                 Toll Road Operation
                                                                                                                 Subsidiaries
                                                                                                            •    Anak Usaha Bidang
                                                                                                                 Prospektif
                                                                                                                 Prospective Field Subsidiaries
                                                                                                            •    Kantor Asosiasi
                                                                                                                 Association Office
           Hubungan Investor
            Investor Relation


     •    IR Home
     •    Info Perseroan
          Corporate Info
     •    Info Finansial
          Financial Info
     •    Keterbukaan
          Disclosures
     •    Info Saham/Obligasi
          Stock/Bond Info
     •    Permintaan Info
          Information Request




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                            299
Page 300
04                 Analisis dan
                   Pembahasan Manajemen
                   Management Discussion and Analysis


             Tinjauan Umum                                  Program Kepemilikan Saham oleh                 Perubahan Peraturan Perundang-
       302
             General Overview                               Karyawan dan Manajemen                         undangan terhadap Perseroan
                                                      393   (ESOP/MSOP)                                    pada Tahun Buku Terakhir
             Tinjauan Operasi per Segmen                                                             412
                                                            Employee and Management Stock                  Changes to the Laws and
             Usaha
       310                                                  Ownership Program (ESOP/MSOP)                  Regulations on the Company in the
             Operations Review per Business
                                                                                                           Recent Fiscal Year
             Segment                                        Program Employee Stock Allocation
                                                            (ESA)                                          Perubahan Kebijakan Akuntansi
             Tinjauan Keuangan                        394
       343                                                  Employee Stock Allocation (ESA)                yang Diterapkan Perseroan pada
             Financial Overview
                                                            Program                                        Tahun Buku Terakhir
                                                                                                     416
             Kemampuan Membayar Utang dan                                                                  Changes in Accounting Policies
                                                            Realisasi Penggunaan Dana Hasil
             Tingkat Kolektibilitas Piutang                                                                Implemented by the Company in the
       380                                                  Penawaran Umum
             Ability to Pay Debt and Collectibility   395                                                  Recent Fiscal Year
                                                            Realization of Use of Public Offering
             in Receivables
                                                            Proceeds                                       Informasi Kelangsungan Usaha
                                                                                                     417
             Struktur Modal                                                                                Information on Business Continuity
       382                                                  Informasi Material Mengenai
             Capital Structure
                                                            Investasi, Ekspansi, Divestasi,                Tingkat Kesehatan Perusahaan
                                                                                                     418
             Ikatan Material Investasi Barang               Penggabungan/Peleburan Usaha,                  Company Soundness Level
             Modal                                          Akuisisi, Restrukturisasi Utang
       384                                                                                                 Komitmen dan Kontingensi
             Material Commitments for Capital               dan Modal, Transaksi Material, dan       418
                                                                                                           Commitments and Contingencies
             Expenditure                                    Transaksi Afiliasi
                                                      398
                                                            Material Information Regarding
             Investasi Barang Modal
       384                                                  Investment, Expansion, Divestment,
             Capital Expenditure
                                                            Merger/Consolidation, Acquisition,
             Pencapaian Target 2025                         Debt and Capital Restructuring,
             dan Target 2026                                Material Transactions, and Affiliated
       385                                                  Transactions
             Achievement of 2025 Targets and
             2026 Targets
                                                            Informasi Transaksi dengan Pihak
             Informasi dan Fakta Material                   Berelasi atau Benturan Kepentingan
             Setelah Tanggal Laporan Akuntan          403   Information on Transactions with
       386                                                  Related Parties or Conflicts of
             Information and Material Facts after
             the Accountant’s Report Date                   Interest

             Prospek Usaha                                  Kepatuhan Pembayaran Pajak
       388                                            411
             Business Prospect                              Tax Payment Compliance

             Aspek Pemasaran
       390
             Marketing Aspect

             Kebijakan dan Pembayaran Dividen
       392
             Dividend Policy and Payments




      Jasa Marga terus memperkuat kinerjanya melalui fundamental keuangan yang solid dan
      disiplin operasional yang konsisten. Optimalisasi portofolio dan efisiensi biaya dijalankan
      untuk memastikan setiap aset berkontribusi maksimal terhadap kinerja perusahaan.
      Melalui percepatan transformasi layanan, Jasa Marga berupaya menghadirkan layanan
      jalan tol yang semakin andal, efektif, dan berorientasi pada kepuasan pengguna.
      Jasa Marga continues to strengthen its performance through solid financial fundamentals and
      consistent operational discipline. Portfolio optimization and cost efficiency are implemented to ensure
      that each asset contributes maximally to the company’s performance. Through the acceleration of
      service transformation, Jasa Marga strives to provide toll road services that are increasingly reliable,
      effective, and oriented towards user satisfaction.


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PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report   301
Page 302
01                           02                      03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen       Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report       Company Profile          Management Discussion and Analysis       Business Support Functions




Tinjauan Umum
General Overview

Tinjauan Makroekonomi 2025                                              2025 Macroeconomic Overview
Iklim Perekonomian Global                                               Global Economic Climate

Sebagaimana dikutip dari buku Pertemuan Tahunan Bank                    As quoted from Bank Indonesia’s 2025 Annual Meeting
Indonesia 2025 yang bertajuk Tangguh dan Mandiri: Sinergi               book entitled Resilient and Independent: Synergy Driving
Mendorong Pertumbuhan Ekonomi Lebih Tinggi dan Berdaya                  Higher and More Resilient Economic Growth, it explains
Tahan, menjelaskan bahwa, perekonomian global berada                    that the global economy is in a phase of uneven slowdown
dalam fase perlambatan yang tidak merata antar negara                   between countries and regions. World economic growth
dan kawasan. Pertumbuhan ekonomi dunia cenderung                        tends to be sluggish, mainly influenced by the weakening
tertahan, terutama dipengaruhi oleh kinerja negara maju                 performance of developed countries, while developing
yang melemah, sementara negara berkembang relatif                       countries are relatively more resilient. In Bank Indonesia’s
menunjukkan ketahanan yang lebih baik. Dalam paparan                    presentation, global economic growth is projected to be in
Bank Indonesia, pertumbuhan ekonomi global diproyeksikan                the range of ±3.0%, reflecting continued pressure from tight
berada di kisaran ±3,0%, mencerminkan tekanan berlanjut                 monetary policy, geopolitical fragmentation, and the uneven
dari kebijakan moneter ketat, fragmentasi geopolitik, serta             normalisation of post-pandemic economic activity.
normalisasi aktivitas ekonomi pascapandemi yang belum
sepenuhnya merata.

Di kelompok negara maju, kinerja ekonomi menunjukkan                    In the developed countries group, economic performance
tren perlambatan yang lebih nyata. Sebaliknya, negara                   shows a more pronounced slowdown trend. In contrast,
berkembang, khususnya di kawasan Asia, menunjukkan                      developing countries, particularly in Asia, show relatively
prospek pertumbuhan yang relatif lebih kuat. Pertumbuhan                stronger growth prospects. Economic growth in Asia is
ekonomi di kawasan Asia ditopang oleh permintaan                        supported by solid domestic demand, increased investment,
domestik yang tetap solid, peningkatan investasi, serta                 and more accommodative government policies. However,
dukungan kebijakan pemerintah yang lebih akomodatif.                    Bank Indonesia emphasises that this resilience remains
Namun demikian, Bank Indonesia menekankan bahwa                         exposed to external risks, including capital flow volatility,
ketahanan tersebut tetap dihadapkan pada risiko eksternal,              exchange rate fluctuations, and global trade uncertainty.
termasuk volatilitas arus modal, fluktuasi nilai tukar, dan
ketidakpastian perdagangan global.

Dari sisi inflasi global, tekanan harga menunjukkan tren                In terms of global inflation, price pressures are showing a
penurunan, namun masih berada pada level yang relatif                   downward trend, but remain at relatively high levels in a
tinggi di sejumlah negara utama. Kondisi ini mendorong                  number of major countries. This has prompted global central
bank sentral global untuk mempertahankan kebijakan                      banks to maintain a cautious monetary policy stance. The
moneter yang ketat secara berhati-hati. Lingkungan suku                 high global interest rate environment has resulted in tight
bunga global yang tinggi tersebut berdampak pada ketatnya               international liquidity, and continued volatility in global
likuiditas internasional, serta berlanjutnya volatilitas di pasar       financial markets.
keuangan global.

Ke depan, Bank Indonesia memproyeksikan bahwa                           Going forward, Bank Indonesia projects that the global
pemulihan ekonomi global akan berlangsung bertahap                      economic recovery will be gradual and accompanied by
dan tetap disertai risiko, dengan potensi perbaikan                     risks, with the potential for improvement depending on
yang bergantung pada stabilisasi inflasi, arah kebijakan                inflation stabilisation, the direction of global monetary
moneter global, serta perkembangan tensi geopolitik dan                 policy, and developments in geopolitical tensions and trade
perdagangan antar negara.                                               between countries.

Iklim Perekonomian Nasional                                             National Economic Climate

Sementara itu, di tengah perlambatan global, Bank Indonesia             Meanwhile, amid the global slowdown, Bank Indonesia notes
mencatat bahwa perekonomian Indonesia menunjukkan                       that the Indonesian economy has shown strong resilience
ketahanan yang kuat dan kinerja yang relatif lebih baik                 and relatively better performance compared to many other
dibandingkan banyak negara lain. Pertumbuhan ekonomi                    countries. National economic growth is projected to be in the
nasional diproyeksikan berada pada kisaran 4,7%–5,5%,                   range of 4.7%–5.5%, supported by solid domestic demand
didukung oleh permintaan domestik yang tetap solid serta                and a consistent policy mix between the government and
bauran kebijakan yang konsisten antara pemerintah dan                   Bank Indonesia.
Bank Indonesia.




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Konsumsi rumah tangga tetap menjadi motor utama                       Household consumption remains the main driver of national
pertumbuhan ekonomi nasional, seiring terjaganya daya beli            economic growth, in line with sustained purchasing power
masyarakat dan meningkatnya aktivitas ekonomi domestik.               and increased domestic economic activity. In addition,
Selain itu, investasi menunjukkan tren pertumbuhan yang               investment shows a sustainable growth trend, supported by
berkelanjutan, didukung oleh perbaikan iklim usaha,                   an improved business climate, infrastructure development,
pembangunan infrastruktur, serta berlanjutnya realisasi               and continued investment realisation, including in high
investasi, termasuk pada sektor-sektor bernilai tambah                value-added sectors.
tinggi.

Dari sisi inflasi, Bank Indonesia memproyeksikan tingkat              In terms of inflation, Bank Indonesia projects that the
inflasi tetap berada dalam sasaran 2,5%±1%, mencerminkan              inflation rate will remain within the target range of 2.5%±1%,
keberhasilan pengendalian harga melalui sinergi kebijakan             reflecting the success of price control through the synergy
moneter, fiskal, dan pengendalian inflasi pusat dan daerah.           of monetary and fiscal policies and central and regional
Inflasi inti yang terjaga serta inflasi pangan yang terkendali        inflation control. Controlled core inflation and food inflation
memberikan ruang bagi stabilitas ekonomi makro yang                   provide room for sustainable macroeconomic stability.
berkelanjutan.

Pada sektor eksternal, neraca pembayaran Indonesia                    In the external sector, Indonesia’s balance of payments is
diperkirakan tetap berada dalam kondisi yang sehat,                   expected to remain healthy, supported by fairly good export
didukung oleh kinerja ekspor yang cukup baik serta                    performance and adequate foreign exchange reserves. This
cadangan devisa yang memadai. Ketahanan eksternal                     external resilience plays an important role in maintaining the
ini berperan penting dalam menjaga stabilitas nilai tukar             stability of the Rupiah exchange rate amid global financial
Rupiah di tengah volatilitas pasar keuangan global dan                market volatility and uncertainty in international capital
ketidakpastian arus modal internasional.                              flows.

Bank Indonesia juga menegaskan bahwa stabilitas sistem                Bank Indonesia also emphasised that the stability of the
keuangan nasional tetap terjaga, dengan permodalan                    national financial system remains intact, with strong banking
perbankan yang kuat, likuiditas yang memadai, serta risiko            capital, adequate liquidity, and controlled credit risk. These
kredit yang terkendali. Kondisi tersebut memberikan ruang             conditions provide room for the banking sector to continue
bagi sektor perbankan untuk terus meningkatkan penyaluran             increasing financing to the productive sector in order to
pembiayaan kepada sektor produktif guna mendukung                     support sustainable national economic growth.
pertumbuhan ekonomi nasional secara berkelanjutan.



Tinjauan Industri                                                     Industry Overview
Hingga akhir Tahun 2025, perekonomian Indonesia                       By the end of 2025, Indonesia’s economy has demonstrated
menunjukkan ketahanan yang kuat dan momentum                          strong resilience and maintained solid growth momentum
pertumbuhan yang tetap solid di tengah dinamika ekonomi               amid global economic dynamics that remain fraught with
global yang masih diliputi ketidakpastian. Pemerintah                 uncertainty. The Government targets economic growth in
menargetkan pertumbuhan ekonomi pada kisaran 5,0–5,2%,                the range of 5.0–5.2%, supported by accommodative fiscal
didukung oleh kebijakan fiskal yang tetap akomodatif,                 policies, state spending stimulus, and increased investment
stimulus belanja negara, serta peningkatan investasi pada             in strategic sectors, including transportation infrastructure.
sektor-sektor strategis, termasuk infrastruktur transportasi.         Bank Indonesia has consistently maintained monetary
Bank Indonesia secara konsisten menjaga stabilitas moneter            stability, with inflation kept within the 2.5±1% target range
dengan inflasi yang terkendali pada kisaran 2,5±1% serta              and a relatively stable Rupiah exchange rate. The synergy
nilai tukar Rupiah yang relatif stabil. Sinergi kebijakan fiskal      between fiscal and monetary policies has created a
dan moneter tersebut menciptakan iklim investasi yang                 conducive and sustainable investment climate, particularly
kondusif dan berkelanjutan, khususnya dalam mendukung                 in supporting the development of toll road infrastructure as
pembangunan infrastruktur jalan tol sebagai tulang                    the backbone of national economic connectivity and growth.
punggung konektivitas dan pertumbuhan ekonomi nasional.

Dalam konteks makroekonomi, pembangunan infrastruktur,                In the macroeconomic context, infrastructure development,
khususnya jalan tol, memainkan peran krusial sebagai                  particularly toll roads, plays a crucial role as a driver of
penggerak pertumbuhan wilayah, pendorong efisiensi                    regional growth, a catalyst for logistics efficiency, and a
logistik, dan katalis pengembangan kawasan industri                   catalyst for industrial and tourism development. Toll roads
serta pariwisata. Jalan tol berfungsi sebagai simpul utama            serve as key nodes connecting production centers with
yang menghubungkan pusat produksi dengan pasar,                       markets, shortening distribution times and reducing national
mempersingkat waktu distribusi, serta menekan biaya                   transportation costs. By developing a balanced, integrated
transportasi nasional. Melalui pembangunan jaringan jalan             toll road network, the government seeks to strengthen
tol yang merata dan terintegrasi, pemerintah berupaya                 Indonesia’s domestic economic structure and expand its
memperkuat struktur ekonomi domestik sekaligus                        competitiveness in the ASEAN region.
memperluas daya saing Indonesia di kawasan ASEAN.




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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Sebagai pemimpin industri jalan tol nasional dengan pangsa          As the leader of the national toll road industry with a market
pasar sekitar 42% berdasarkan panjang jalan beroperasi,             share of approximately 42% based on the length of roads
Jasa Marga berperan sentral dalam mendukung agenda                  in operation, Jasa Marga plays a central role in supporting
pembangunan tersebut. Hingga akhir 2025, Perseroan                  this development agenda. By the end of 2025, the Company
mengelola total konsesi sepanjang 1.736 km, dengan 1.294            has managed a total concession of 1,736 km, of which
km di antaranya telah beroperasi secara penuh. Portofolio           1,294 km is already fully operational. This business portfolio
bisnis ini mencakup ruas-ruas strategis yang menjadi                includes strategic toll roads that form the backbone of
tulang punggung konektivitas di Pulau Jawa, Sumatra, dan            connectivity on the islands of Java, Sumatra, and Sulawesi.
Sulawesi. Salah satu capaian penting di periode ini adalah          One of the important achievements during this period was
penyelesaian Jalan Tol Solo–Yogyakarta–NYIA Kulonprogo              the completion of the Solo–Yogyakarta–NYIA Kulonprogo
(Paket 1.2A Ruas Klaten–Prambanan) yang memperkuat                  Toll Road (Phase 1.2A Klaten–Prambanan Toll Road),
akses menuju destinasi ekonomi dan pariwisata utama di              which strengthens access to major economic and tourist
wilayah Jawa Tengah dan Daerah Istimewa Yogyakarta.                 destinations in Central Java and the Special Region of
                                                                    Yogyakarta.

Perseroan juga tengah menyelesaikan 5 (lima) ruas tol               The Company is also completing 5 (five) toll road sections
dalam tahap konstruksi, dengan pendekatan investasi yang            currently under construction, with a selective investment
selektif berdasarkan kelayakan finansial dan keberlanjutan          approach based on financial feasibility and long-term
jangka panjang. Strategi pengembangan diarahkan tidak               sustainability. The development strategy is aimed not only
hanya untuk memperluas jaringan, tetapi juga untuk                  at expanding the network but also at strengthening the
memperkuat struktur bisnis dan efisiensi operasional melalui        business structure and operational efficiency through the
pembentukan model organisasi berbasis regional, yaitu               formation of a regional-based organizational model, namely
Regional Metropolitan Tollroad (RMT), Regional Nusantara            the Regional Metropolitan Tollroad (RMT), the Regional
Tollroad (RNT), dan subholding PT Jasamarga Transjawa               Nusantara Tollroad (RNT), and PT Jasamarga Transjawa
Tollroad (JTT). Model ini memungkinkan pengelolaan aset             Tollroad (JTT) subholding. This model enables more
dan operasi jalan tol dilakukan secara lebih terintegrasi,          integrated, adaptive, and efficient management of toll road
adaptif, dan efisien sesuai karakteristik wilayah.                  assets and operations, tailored to regional characteristics.

Dari sisi permintaan, volume lalu lintas pada tahun 2025            From the demand side, traffic volume in 2025 reached
mencapai 1.306,40 juta transaksi, atau relatif stabil dengan        1,306.40 million transactions, relatively stable with an
peningkatan sebesar 0,35% dibandingkan periode yang                 increase of 0.35% compared to the same period last year.
sama tahun sebelumnya. Capaian ini tetap mencerminkan               This achievement continues to reflect the high mobility of
tren mobilitas masyarakat yang tinggi, seiring dengan               the public, in line with the ongoing recovery of economic
berlanjutnya pemulihan aktivitas ekonomi, pertumbuhan               activity, growth in household consumption, and increased
konsumsi rumah tangga, serta meningkatnya kepercayaan               public confidence in toll roads as a safe, comfortable, and
publik terhadap jalan tol sebagai moda transportasi yang            efficient mode of transportation. In addition to seasonal
aman, nyaman, dan efisien. Selain faktor musiman seperti            factors such as long holidays, traffic performance was also
libur panjang, kinerja lalu lintas juga mendapat dukungan           supported by improvements in the quality and capacity of
dari peningkatan kualitas dan kapasitas jalan tol, yang             toll roads, which encouraged more users to switch from
mendorong semakin banyak pengguna beralih dari jalan                national roads to toll roads.
nasional ke jalan tol.

Untuk menjaga keberlanjutan usaha dan mutu layanan,                 To maintain business sustainability and service quality,
Perseroan melakukan penyesuaian tarif tol secara bertahap           the Company has gradually adjusted toll rates on several
pada sejumlah ruas utama, seperti Manado–Bitung, Bogor              major routes, including Manado–Bitung, Bogor Outer Ring
Outer Ring Road (BORR), Semarang ABC, Kunciran–Serpong,             Road (BORR), Semarang ABC, Kunciran–Serpong, Pandaan-
Pandaan-Malang, dan Gempol-Pasuruan. Penyesuaian                    Malang, and Gempol-Pasuruan. These adjustments are
ini dilaksanakan sesuai ketentuan pemerintah dengan                 carried out in accordance with government regulations,
mempertimbangkan inflasi, kemampuan bayar pengguna,                 taking into account inflation, users’ ability to pay, and
serta pemenuhan Standar Pelayanan Minimum (SPM) yang                compliance with Minimum Service Standards (SPM), which
menjadi indikator utama kualitas layanan jalan tol.                 are the main indicators of toll road service quality.

Dalam jangka menengah, arah pengembangan industri                   In the medium term, the direction of national toll road industry
jalan tol nasional berfokus pada tiga agenda utama:                 development focuses on three main agendas: operational
efisiensi operasional, integrasi jaringan, dan diversifikasi        efficiency, network integration, and diversification of
sumber pendapatan. Pemerintah mendorong keterlibatan                revenue sources. The government encourages private
sektor swasta melalui skema Public-Private Partnership              sector involvement through Public-Private Partnership
(PPP), dengan prioritas pada ruas-ruas yang mendukung               (PPP) schemes, with priority given to sections that support
konektivitas antarwilayah ekonomi strategis seperti kawasan         connectivity between strategic economic regions such as
industri, pelabuhan, dan bandara. Kebijakan ini membuka             industrial estates, ports, and airports. This policy opens up
peluang bagi Jasa Marga untuk memperluas perannya tidak             opportunities for Jasa Marga to expand its role not only as an
hanya sebagai operator, tetapi juga sebagai mitra strategis         operator but also as a strategic partner of the government in
pemerintah dalam pengembangan infrastruktur nasional                developing sustainable national infrastructure.
yang berkelanjutan.



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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Menanggapi arah kebijakan tersebut, Jasa Marga                               In response to this policy direction, Jasa Marga has
mengembangkan strategi beyond toll road melalui                              developed a strategy that goes beyond toll roads through
pengelolaan aset pendukung dan optimalisasi potensi                          the management of supporting assets and the optimization
ekonomi di sekitar ruas tol. Beberapa inisiatif utama                        of economic potential around toll road sections. Several
yang dijalankan meliputi pengembangan Toll Corridor                          key initiatives have been implemented, including the
Development (TCD) sebagai bentuk value creation di                           development of Toll Corridor Development (TCD) as a form
sepanjang koridor tol, pengelolaan Tempat Istirahat dan                      of value creation along toll corridors, the management
Pelayanan (TIP) yang semakin modern, mendukung prinsip                       of increasingly modern Rest and Service Areas (TIP),
ESG, dan ramah pengguna. Jasa Marga juga menjalin                            supporting ESG principles, and user-friendliness. Jasa Marga
kerja sama strategis dalam penyediaan Stasiun Pengisian                      has also established strategic partnerships in the provision
Kendaraan Listrik Umum (SPKLU). Seluruh upaya ini                            of Public Electric Vehicle Charging Stations (SPKLU). All of
diarahkan untuk meningkatkan nilai tambah bisnis dan                         these efforts are aimed at increasing business added value
mendukung transisi menuju ekosistem transportasi yang                        and supporting the transition to a smart and sustainable
cerdas dan berkelanjutan.                                                    transportation ecosystem.

Dengan landasan ekonomi makro yang stabil, prospek                           With a stable macroeconomic foundation, positive growth
pertumbuhan permintaan yang positif, serta dukungan                          prospects, and government policy support for infrastructure
kebijakan pemerintah terhadap pembangunan infrastruktur,                     development, the national toll road industry has strong
industri jalan tol nasional memiliki potensi yang kuat untuk                 potential for continued sustainable growth. In this context,
terus tumbuh secara berkelanjutan. Dalam konteks tersebut,                   Jasa Marga is committed to strengthening its position as the
Jasa Marga berkomitmen untuk memperkuat posisi sebagai                       national toll road champion, focusing not only on network
national toll road champion yang tidak hanya berfokus pada                   expansion but also on improving service quality, operational
ekspansi jaringan, tetapi juga pada peningkatan kualitas                     efficiency, and creating economic value for all stakeholders.
layanan, efisiensi operasional, dan penciptaan nilai ekonomi
bagi seluruh pemangku kepentingan.


Strategi Jasa Marga                                                          Jasa Marga’s Strategy
Dalam rangka mewujudkan visi dan misi baru, Perseroan                        To realize its new vision and mission, the Company has
telah menetapkan sejumlah strategi yang berfokus pada                        established strategies focused on business growth,
pertumbuhan usaha, inovasi, keberlanjutan, serta pelayanan                   innovation, sustainability, and customer service. The
yang baik. Perseroan juga telah menetapkan roadmap jangka                    Company has also established a long-term roadmap divided
panjang yang dibagi ke dalam 3 (tiga) fase utama, yakni                      into 3 (three) main phases, namely short-term (5 years),
jangka pendek (5 tahun), jangka menengah (5-10 tahun),                       medium-term (5-10 years), and long-term (10-15 years).
dan jangka panjang (10-15 tahun). Seluruh strategi ini telah                 All of these strategies have been set out in the Company’s
ditetapkan dalam Rencana Jangka Panjang Perusahaan                           Long-Term Plan (RJPP) for 2025-2029.
(RJPP) Tahun 2025-2029.

Di tahun 2025, Perseroan mulai menjalankan strategi jangka                   In 2025, the Company began implementing a short-term
pendek yang ditetapkan dengan tujuan untuk meningkatkan                      strategy to improve the performance of its existing portfolio
kinerja portofolio yang sudah ada, serta melibatkan dan                      and better engage and understand its customers. The main
memahami pelanggan dengan lebih baik. Adapun fokus                           focus in achieving these objectives includes:
utama dalam mencapai tujuan tersebut, antara lain:
1. Memaksimalkan teknologi sebagai enabler dalam                             1.   Maximizing technology as an enabler in providing
    memberikan layanan infrastruktur jalan tol yang inovatif                      innovative toll road infrastructure services that meet
    serta sesuai dengan kebutuhan pengguna.                                       user needs.
2. Meningkatkan performa portofolio existing serta mulai                     2.   Improving the performance of the existing portfolio
    menjajaki peluang ekspansi ke pasar yang lebih luas.                          and exploring opportunities for expansion into broader
                                                                                  markets.
3. Meningkatkan inovasi melalui kolaborasi dengan                            3.   Enhancing innovation through collaboration with
   stakeholders pada ekosistem jalan tol sekaligus                                stakeholders in the toll road ecosystem while developing
   pengembangan kapabilitas inti.                                                 core capabilities.
4. Memperluas implementasi solusi teknologi ETC                              4.   Expanding the implementation of ETC (Electronic Toll
   Electronic Toll Collection) di seluruh Indonesia melalui                      Collection) technology solutions throughout Indonesia
   skema kerja sama dengan mitra strategis, pengembang                            through cooperation schemes with strategic partners,
   teknologi, operator jalan tol lainnya, atau pelanggan.                         technology developers, other toll road operators, or
                                                                                  customers.
5. Menetapkan     target   dan    menjalankan                  inisiatif     5.   Setting targets and implementing sustainable initiatives
   berkelanjutan   yang    berkontribusi  pada                  target            that advance national decarbonization goals.
   dekarbonisasi nasional.




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Ikhtisar Kinerja Utama       Laporan Manajemen      Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report      Company Profile           Management Discussion and Analysis       Business Support Functions




Selanjutnya, Perseroan membagi strategi yang disusun                   Furthermore, the Company divides its strategy into 9 (nine)
ke dalam 9 (sembilan) aspek utama berdasarkan arah                     main aspects aligned with its direction for the next 5 (five)
gerak Perseroan selama 5 (lima) tahun ke depan yang                    years, supported by strategic initiatives to be implemented
didukung dengan sejumlah inisiatif strategis yang akan                 during the 2025-2029 RJPP period. Based on this division, 3
diimplementasikan selama periode RJPP 2025-2029.                       (three) main strategies are directly related to the Company’s
Berdasarkan pembagian tersebut, 3 (tiga) strategi utama                business, namely Concession Business, Toll Road Support
merupakan strategi yang berkaitan langsung dengan aspek                Business, and Prospective Business. Meanwhile, the other
usaha perusahaan, seperti Bisnis Konsesi, Bisnis Pendukung             6 (six) aspects are supporting aspects to ensure efficient
Jalan Tol, dan Bisnis Prospektif. Sementara, 6 (enam) aspek            operations.
lainnya merupakan aspek pendukung untuk memastikan
operasi yang efisien.
1. Strategi Bisnis                                                     1.   Business Strategy
    a. Bisnis Konsesi                                                       a. Concession Business
       Optimalisasi kinerja portofolio konsesi jalan tol melalui               Optimizing the performance of the toll road
       standarisasi biaya pengoperasian dan preservasi                         concession portfolio through operating costs
       dan recycling aset yang underperformance.                               standardization as well as preservation and recycling
                                                                               of underperforming assets.
   b. Bisnis Pendukung Jalan Tol                                            b. Toll Road Support Business
       Ekspansi pasar melalui pemanfaatan Unique Selling                       Market expansion through the utilization of
       Point dari Service Provider Pengoperasian dan                           the Unique Selling Point of the Operation and
       Preservasi.                                                             Preservation Service Provider.
   c. Bisnis Prospektif                                                     c. Prospective Business
       Meningkatkan     utilisasi aset   non-tol    untuk                      Increasing the utilization of non-toll assets to boost
       peningkatan pendapatan non-tol dan brand image                          non-toll revenue and Jasa Marga’s brand image.
       Jasa Marga.
2. Strategi Fungsional                                                 2. Functional Strategy
   a. Inovasi & Customer Experience                                       a. Innovation & Customer Experience
       Mengembangkan dan mengkomersialisasi produk                           Developing      and     commercializing     customer-
       serta layanan yang customer centric melalui                           centric products and services through innovation
       manajemen inovasi dan kolaborasi.                                     management and collaboration.
   b. Pengembangan Bisnis                                                 b. Business Development
       Transisi ke model bisnis investasi brownfield dan                     Transitioning to a brownfield investment business
       mengeksplor ekspansi ke pasar internasional.                          model and exploring expansion into international
                                                                             markets.
     c. Teknologi                                                         c. Technology
        Pengembangan kapasitas dan infrastruktur teknologi                   Capacity building and technological infrastructure
        untuk mendukung pengambilan keputusan berbasis                       development to support data-driven decision
        data (data-driven).                                                  making.
     d. Finansial                                                         d. Financial
        Efisiensi biaya keuangan melalui pendanaan                           Financial cost efficiency through alternative financing
        alternatif dan meningkatkan pengelolaan portofolio                   and improved corporate portfolio management
        perusahaan melalui integrated asset management.                      through integrated asset management.
     e. Organisasi dan Sumber Daya Manusia (SDM)                          e. Organization and Human Resources (HR)
        Restrukturisasi     organisasi,  upskilling,  dan                    Organizational restructuring, upskilling, and the
        pembentukan layanan bersama untuk mendukung                          establishment of shared services to support the
        tercapainya rencana bisnis Perseroan.                                achievement of the Company’s business plan.
     f. Environmental, Social, and Governance (ESG)                       f. Environmental, Social, and Governance (ESG)
        Meningkatkan adopsi usecase green initiative pada                    Increasing the adoption of green initiative use
        kegiatan operasional utama dan membuka peluang                       cases across key operational activities and opening
        untuk menerbitkan pendanaan hijau.                                   opportunities for green financing.

Pada penerapannya, Perseroan juga memiliki kebijakan                   In its implementation, the Company also has policies as
sebagai ketentuan yang menjadi pegangan bagi manajemen                 guidelines for management in carrying out the Company’s
dalam melaksanakan kegiatan usaha Perseroan. Dalam                     business activities. In conducting its business, the Company
menjalankan bisnisnya, Perseroan menerapkan 5 (lima)                   implements the following 5 (five) policies:
kebijakan sebagai berikut:
1. Pengembangan Usaha                                                  1.   Business Development
    a. Kebijakan Utama                                                      a. Key Policy
       Kebijakan ini diterapkan pada lini bisnis konsesi jalan                 This policy is applied to the toll road concession
       tol dan lini bisnis lainnya yang relevan. Ketentuan-                    business line and other relevant business lines.
       ketentuan dalam kebijakan utama untuk melakukan                         The provisions in the main policy for business
       pengembangan usaha adalah sebagai berikut:                              development are as follows:




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




         i. Menyelesaikan      ruas-ruas    dalam     tahapan                   i. Completing toll roads in the construction phase
            konstruksi dengan selalu menjaga tingkat                               while always maintaining the level of feasibility
            kelayakan sesuai dengan perjanjian pengusahaan                         in accordance with the toll road concession
            jalan tol;                                                             agreement;
      ii. Menambah kepemilikan jalan tol dengan skema                         ii. Increasing toll road ownership with the best
            investasi terbaik berdasarkan kapasitas keuangan                       investment scheme based on the Company’s
            Perseroan pada ruas yang telah beroperasi dan/                         financial capacity on sections that are already
            atau mengutamakan ruas jalan tol potensial yang                        operational and/or prioritizing potential toll road
            memiliki koneksi dengan jalan tol yang telah ada;                      sections that are connected to existing toll roads;
      iii. Mendorong peningkatan nilai pada ruas tol                          iii. Promoting value enhancement on operational toll
            operasional; dan                                                       road sections; and
      iv. Melakukan studi kelayakan ruas jalan tol potensial                  iv. Conducting feasibility studies on potential toll
            dan bisnis lainnya yang berpotensi dalam rangka                        road sections and other potential businesses to
            mengembangkan pasar dan meningkatkan                                   develop the market and improve the Company’s
            kinerja Perseroan.                                                     performance.
   b. Kebijakan Prospektif                                                 b. Prospective Policy
      Kebijakan ini diterapkan pada lini bisnis prospektif,                   This policy is applied to prospective business lines,
      yaitu PT Jasamarga Related Business (JMRB). JMRB                        i.e., PT Jasamarga Related Business (JMRB). JMRB
      melakukan pengembangan kawasan dalam rangka                             develops areas to support the Company’s toll road
      mendukung bisnis jalan tol Perseroan dengan                             business by considering the following:
      memperhatikan hal-hal sebagai berikut:
      i. Pengembangan Tempat Istirahat dan Pelayanan                            i.    Development of Rest Areas and Services
            (TIP) atau rest area di sepanjang jalan tol,                              (TIP) along toll roads, including the concept
            termasuk konsep pemisahan fungsi rest area                                of separating the functions of rest areas from
            dari service area untuk menciptakan nilai tambah                          service areas to create added value and increase
            dan peningkatan non-core revenue;                                         non-core revenue;
      ii. Mengembangkan layanan dan produk baru yang                            ii. Developing new services and products that
            memanfaatkan infrastruktur dan teknologi baru                             utilize new infrastructure and technology
            yang tersedia di sepanjang koridor jalan tol,                             available along the toll road corridor, including
            termasuk peningkatan layanan ritel dan hiburan                            improving retail and entertainment services at
            pada rest area;                                                           rest areas;
      iii. Pengembangan rest area ramah lingkungan                              iii. Development of environmentally friendly rest
            melalui penggunaan energi terbarukan, daur                                areas using renewable energy, waste recycling,
            ulang sampah dan air limbah;                                              and wastewater recycling;
      iv. Pengembangan bisnis prospektif dapat dilakukan                        iv. Prospective business development can be
            sendiri maupun bermitra dengan pemangku                                   carried out independently or in partnership with
            kepentingan lainnya yang berpengalaman,                                   other experienced stakeholders, particularly
            khususnya melalui sinergi BUMN dan atau anak                              through synergies between state-owned
            perusahaannya;                                                            enterprises and/or their subsidiaries;
      v. Proporsi pendanaan masing-masing proyek                                v. The funding proportion for each project is
            diupayakan dengan skema terbaik;                                          determined using the best possible scheme;
      vi. Melakukan asset recycling;                                            vi. Conducting asset recycling;
      vii. Dalam jangka pendek, JMRB harus dapat                                vii. In the short term, JMRB must be able to purchase
            melakukan pembelian lahan untuk land value                                land for land value creation along the toll road
            creation sepanjang koridor jalan tol; dan                                 corridor; and
      viii. Dalam jangka menengah dan panjang, JMRB                             viii. In the medium and long term, JMRB is expected
            diharapkan dapat melakukan pengembangan                                   to develop Transit Corridor Development (TCD)
            Transit Corridor Development (TCD) yang                                   that synergizes with toll road development.
            bersinergi dengan pengembangan jalan tol.
2. Operasional                                                        2. Operational
   a. Peningkatan kualitas jalan tol melalui inovasi                     a. Improving toll road quality through technological
      teknologi dalam operasi dan preservasi;                               innovation in operations and preservation;
   b. Meningkatkan efisiensi operasi melalui penggunaan                  b. Improving operational efficiency through the use
      teknologi,       termasuk     menggunakan         sistem              of technology, including using intelligent traffic
      manajemen lalu lintas yang cerdas (artificial                         management      systems     (artificial intelligence)
      intelligence)      untuk    mengurangi      kemacetan,                to reduce congestion, using Internet of Things
      menggunakan sensor Internet of Things (IoT) untuk                     (IoT) sensors to monitor road and infrastructure
      memantau kondisi jalan dan infrastruktur, dan                         conditions, and using data analytics to improve
      menggunakan data analitik untuk meningkatkan                          decision-making processes;
      proses pengambilan keputusan;




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Ikhtisar Kinerja Utama       Laporan Manajemen     Profil Perusahaan           Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report     Company Profile             Management Discussion and Analysis       Business Support Functions




   c. Mempromosikan            keberlanjutan          dengan             c. Promoting sustainability by developing more
      mengembangkan        solusi    yang     lebih    ramah                environmentally friendly solutions for toll road
      lingkungan untuk operasi jalan tol, termasuk                          operations, including using electric vehicles and
      menggunakan kendaraan bertenaga listrik dan                           renewable energy, reducing greenhouse gas
      energi terbarukan, mengurangi emisi gas rumah                         emissions, and promoting sustainable practices
      kaca, dan mempromosikan praktik berkelanjutan di                      among toll road users;
      antara pengguna jalan tol;
   d. Memenuhi Standar Pelayanan Minimal (SPM);                          d. Meeting Minimum Service Standards (SPM);
   e. Modernisasi sistem dan teknologi operasi untuk                     e. Modernizing systems and operational technology
      meningkatkan kualitas layanan dan pengendalian                        to improve service quality and control cashless
      transaksi berbasis cashless transaction serta                         transactions, as well as encouraging the
      mendorong implementasi transaksi nirhenti dan                         implementation of non-stop and contactless
      nirsentuh dengan skema yang terbaik bagi Perseroan                    transactions with the best scheme for the Company
      maupun pengguna jalan tol;                                            and toll road users;
   f. Menggunakan green technology atau energi                           f. Using green technology or renewable energy and
      terbarukan dan green construction;                                    green construction;
   g. Melaksanakan rekonstruksi jalan tol secara bertahap                g. Carry out toll road reconstruction in stages;
      (staging);
   h. Manajemen kendaraan angkutan barang di jalan                       h. Management of goods transport vehicles on toll
      tol dengan Weigh In Motion untuk pengendalian                         roads using Weigh In Motion for overload control and
      overload dan integrasi dengan sistem Bukti Lulus Uji                  integration with the Electronic Test Pass Certificate
      Elektronik (BLUe) menggunakan RFID;                                   (BLUe) system using RFID.;
   i. Implementasi     pengendalian       aset    jalan    tol           i. Implementing toll road asset control using Integrated
      menggunakan       teknologi     Integrated     Tollroad               Tollroad Maintenance System technology in the
      Maintenance System berupa Aplikasi Jasamarga                          form of the Jasamarga Integrated Maintenance
      Integrated Maintenance Management System                              Management System (JIMMS) application;
      (JIMMS);
   j. PT     Jasamarga     Tollroad     Operator      (JMTO)             j.  PT Jasamarga Tollroad Operator (JMTO) operates
      mengoperasikan ruas jalan tol yang dimiliki Jasa                       toll road sections owned by Jasa Marga Group and
      Marga Grup dan aktif mencari peluang usaha secara                      actively seeks external business opportunities with
      eksternal dengan margin optimum;                                       optimal margins;
   k. PT Jasamarga Tollroad Maintenance (JMTM)                           k. PT Jasamarga Tollroad Maintenance (JMTM)
      melakukan preservasi ruas jalan tol yang dimiliki oleh                 preserves toll road sections owned by the Jasa
      Jasa Marga Grup dan selalu meningkatkan kualitas                       Marga Group and continuously improves the quality
      layanan preservasi jalan tol; dan                                      of toll road preservation services; and
   l. Memperhatikan unsur Peningkatan Penggunaan                         l. Pay attention to the element of Increasing the Use
      Produksi Dalam Negeri (P3DN) dalam kegiatan                            of Domestic Production (P3DN) in the Company’s
      operasional Perseroan.                                                 operational activities.
3. Keuangan                                                           3. Finance
   a. Mengembangkan         bisnis     dilakukan      dengan             a. Business development is carried out with
      memperhatikan stabilitas finansial jangka panjang                      consideration for long-term financial stability, as
      yang tercermin oleh Interest Coverage Ratio (ICR)                      reflected by a minimum Interest Coverage Ratio (ICR)
      minimum 1,1; Debt to Equity Ratio (DER) maksimal 5;                    of 1.1; a maximum Debt-to-Equity Ratio (DER) of 5;
      dan pemeringkatan hutang Perseroan serta menjaga                       and the Company’s debt rating, while maintaining
      rasio-rasio keuangan lainnya;                                          other financial ratios;
   b. Investasi peningkatan kapasitas operasional dan                    b. Investments in increasing operational capacity and
      kualitas layanan operasional dilakukan dengan                          improving operational service quality are made using
      menggunakan dana internal Perseroan;                                   the Company’s internal funds;
   c. Investasi pengembangan bisnis, peningkatan                         c. Investments in business development, operational
      kapasitas operasional dan peningkatan kualitas                         capacity enhancement, and operational service
      layanan operasional memperhatikan rasio finansial;                     quality improvement take financial ratios into
                                                                             account;
     d. Menerapkan perhitungan amortisasi jalan tol                      d. Implementing toll road amortization calculations
        berbasis unit of usage; dan                                          based on unit of usage; and
     e. Mengembangkan bisnis, meningkatkan kapasitas                     e. Developing the business, increasing operational
        operasional dan meningkatkan kualitas layanan                        capacity, and improving the quality of operational
        operasional dengan memperhatikan rasio finansial                     services by paying attention to financial ratios
        (Return on Equity/ROE, pertumbuhan laba bersih,                      (Return on Equity/ROE, net profit growth, and others).
        dan lainnya).




308                                                                       Laporan Tahunan 2025 Annual Report       PT Jasa Marga (Persero) Tbk
Page 309
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




4. Organisasi dan Sumber Daya Manusia                                 4. Organization and Human Resources
   a. Memperbaiki rantai nilai, proses bisnis, dan matriks               a. Improving the value chain, business processes, and
      akuntabilitas, serta menata organisasi sesuai                         accountability matrix, as well as structuring the
      dengan arah dan kebutuhan pengembangan bisnis                         organisation in accordance with the direction and
      Perseroan baik jangka pendek maupun jangka                            needs of the Company’s business development,
      panjang;                                                              both in the short and long term;
   b. Menyusun manpower planning yang selalu update                      b. Developing manpower planning that is always
      sesuai kebutuhan Perseroan dan menata sistem                          updated in accordance with the Company’s needs
      manajemen human capital berbasis Information &                        and structuring a human capital management system
      Communication Technology (ICT) mengacu pada                           based on Information & Communication Technology
      best practice Perusahaan kelas dunia;                                 (ICT) with reference to the best practices of world-
                                                                            class companies;
   c. Melakukan rekrutmen atas kebutuhan kader                           c. Recruit leaders based on needs, using external
      pemimpin, yang dilakukan dengan sumber eksternal                      and internal sources as well as professional hires,
      dan internal serta professional hire, sesuai dengan                   in accordance with workforce planning, taking into
      manpower planning dengan memperhatikan rasio                          account reasonable employee ratios and long-term
      jumlah karyawan yang wajar dan dampak finansial                       financial impacts.
      jangka panjang;
   d. Mengembangkan human capital development plan                         d. Developing an integrated human capital development
      yang terintegrasi untuk penyiapan kader pemimpin                        plan to prepare future leaders of the Company with
      Perseroan masa depan dengan personal quality                            global personal qualities;
      global;
   e. Mengembangkan human capital untuk membentuk                          e. Developing human capital to build character and
      kader pemimpin yang berkarakter dan bertalenta;                         talented leadership cadres; and
      dan
   f. Mengembangkan inisiatif tentang peningkatan                          f.   Developing initiatives to improve the competencies
      kompetensi sumber daya manusia (SDM) yang                                 of human resources (HR) needed to enhance the
      diperlukan untuk meningkatkan kompetensi kunci                            key competencies required for the Company’s future
      yang diperlukan dalam rangka pengembangan                                 development.
      Perseroan ke depannya.
5. Teknologi                                                          5. Technology
   a. Menekankan       pada    percepatan     transformasi               a. Emphasizing the acceleration of digital transformation
      digital untuk meningkatkan kinerja bisnis dengan                      to improve business performance with a focus
      fokus pada perkuatan infrastruktur Teknologi                          on strengthening Information Technology (IT)
      Informasi (TI), percepatan adopsi teknologi melalui                   infrastructure, accelerating technology adoption
      penggunaan teknologi yang lebih luas dalam proses                     through the wider use of technology in the Company’s
      bisnis Perseroan dan meningkatkan talenta digital;                    business processes, and improving digital talent;
   b. Modernisasi TI harus berdampak pada efisiensi                      b. IT modernization must have an impact on work
      proses kerja dan efisiensi biaya bagi Perseroan;                      process efficiency and cost efficiency for the
                                                                            Company;
     c. Pengembangan TI Perseroan mengacu pada                           c. The Company’s IT development refers to the
        masterplan TI yang sudah disesuaikan;                               adjusted IT master plan;
     d. Mengintegrasikan back-office system dengan                       d. Integrating back-office systems with toll road
        operasional jalan tol;                                              operations;
     e. Pengadaan TI terpusat;                                           e. Centralized IT procurement;
     f. Standarisasi spesifikasi TI; dan                                 f. Standardization of IT specifications; and
     g. Implementasi TI mengacu kepada KPTS Kebijakan                    g. IT implementation refers to the applicable IT and
        Tata Kelola TI dan Data yang berlaku di Jasa Marga.                 Data Governance Policy KPTS at Jasa Marga.




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01                           02                     03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen      Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report      Company Profile          Management Discussion and Analysis       Business Support Functions




Tinjauan Operasi per Segmen Usaha
Operations Review per Business Segment

Berdasarkan Pasal 3 Anggaran Dasar Perseroan, maksud dan               Based on Article 3 of the Company’s Articles of Association,
tujuan usaha Jasa Marga adalah turut serta melaksanakan                the purpose and objective of Jasa Marga’s business is
dan menunjang kebijaksanaan dan program Pemerintah di                  to participate in and support government policies and
bidang ekonomi dan pembangunan nasional pada umumnya,                  programs in the field of economics and national development
khususnya pembangunan di bidang pengusahaan jalan tol                  in general, particularly development in the field of toll
dengan sarana penunjangnya dengan menerapkan prinsip-                  road operations and supporting facilities, by applying the
prinsip Perseroan Terbatas. Untuk mencapai maksud dan                  principles of a limited liability company. To achieve these
tujuan tersebut, Perseroan melaksanakan kegiatan usaha                 objectives, the Company carries out the following business
sebagai berikut:                                                       activities:
1. Melakukan perencanaan teknis, pelaksanaan konstruksi,               1. Conducting technical planning, construction, operation,
    pengoperasian dan/atau preservasi jalan tol.                           and/or preservation of toll roads.
2. Mengusahakan lahan di ruang milik jalan tol (Rumijatol)             2. Utilizing land within the toll road right-of-way (Rumijatol)
    dan lahan yang berbatasan dengan Rumijatol untuk                       and land adjacent to Rumijatol for rest areas and
    tempat istirahat dan pelayanan, berikut dengan fasilitas-              services, along with other facilities and businesses.
    fasilitas dan usaha lainnya.
3. Melakukan kegiatan pengembangan kawasan yang                        3. Conducting integrated area development activities in
    terintegrasi dengan pengembangan jaringan jalan tol.                  conjunction with toll road network development.
4. Melakukan       kegiatan    di  bidang    jasa   layanan            4. Conducting activities in the field of toll road operation
    pengoperasian dan preservasi jalan tol.                               and maintenance services.
5. Aktivitas jalan tol, mencakup pelayanan lalu lintas                 5. Toll road activities, including vehicle traffic services
    kendaraan melalui jalan atau jembatan tol.                            through toll roads or bridges.
6. Melakukan investasi termasuk penyertaan modal pada                  6. Making investments, including capital participation
    perusahaan lainnya sejalan dengan dan untuk mencapai                  in other companies, in line with and to achieve the
    maksud dan tujuan Perseroan.                                          Company’s objectives and goals.

Perseroan secara melakukan investasi secara selektif                   The Company selectively invests by considering the
dengan       mempertimbangkan          optimalisasi portofolio         optimization of its business portfolio so that business
bisnisnya sehingga diharapkan pengembangan bisnis pada                 development in the toll road concession business line, toll
lini bisnis konsesi jalan tol, lini bisnis pendukung jalan tol,        road support business line, and prospective business line
dan lini bisnis prospektif dapat memberikan nilai tambah               can provide added value to the Company from a commercial
bagi Perseroan dari aspek komersial dan operasional serta              and operational perspective and make a positive contribution
memberikan kontribusi positif bagi seluruh pemangku                    to all stakeholders in the long term.
kepentingan dalam jangka panjang.


Segmen Usaha Jalan Tol                                                 Toll Road Business Segment
Berdasarkan Anggaran Dasar Perseroan, Jasa Marga                       Based on the Company’s Articles of Association, Jasa Marga
menjalankan bisnis di bidang jalan tol. Pada segmen usaha              operates in the toll road business. In this business segment,
ini, Perseroan mengelola konsesi yang diperoleh dari                   the Company manages concessions obtained from the
Pemerintah dari hulu ke hilir, yaitu dari mulai mendapatkan            government from upstream to downstream, including
konsesi, melakukan konstruksi, hingga mengoperasikan                   obtaining concessions, constructing, and operating toll
jalan tol. Sampai dengan akhir tahun 2025, Perseroan telah             roads. Until the end of 2025, the Company has 1,736 km
memiliki 1.736 km konsesi jalan tol, baik dalam tahap operasi,         of toll road concessions, either in operation, partially in
operasi sebagian, maupun dalam tahap konstruksi. Seluruh               operation, or under construction. All of these toll road
konsesi jalan tol ini dikelola oleh entitas induk, entitas anak,       concessions are managed by the parent entity, subsidiaries,
dan ventura bersama. Adapun rincian dari masing-masing                 and joint ventures. The details of each of the Company’s toll
konsesi jalan tol Perseroan dapat dilihat sebagai berikut:             road concessions are as follows:




310                                                                         Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




Entitas Induk
Parent Entity

Ruas Jagorawi
Jagorawi Toll Road


                        Ruas
                      Toll Road                                                     Jakarta-Bogor-Ciawi (Jagorawi)

 Panjang Jalan
                                                                                                       59 km
 Road Length
 Konsesi sampai dengan Tahun
                                                                                                       2044
 Concession Maturity Year
 Tahun Beroperasi
                                                                                                       1978
 Year of Operations
 Jumlah Gardu
                                                                                                        152
 Total Booths
 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                                0,57 (A) – 0,58 (B)
 Volume Capacity (V/C) Average Ratio
 Sistem Pengoperasian                                                                                Terbuka
 Operating System                                                                                     Open
 Lokasi Jalan Tol
                                                                                                   Jabodetabek
 Toll Road Location

Ruas Jakarta-Tangerang-Cengkareng
Jakarta-Tangerang-Cengkareng Toll Road


                        Ruas
                      Toll Road                               Prof. Dr. Ir. Sedyatmo, Cawang-Tomang-Pluit, Jakarta-Tangerang

 Panjang Jalan                                                       Prof. Dr. Ir. Sedyatmo (14,30 km); Cawang-Tomang-Pluit (23,55 km);
 Road Length                                                                              Jakarta-Tangerang (33 km)
 Konsesi sampai dengan Tahun
                                                                                                       2044
 Concession Maturity Year
 Tahun Beroperasi                                                         1984 (Jakarta-Tangerang), 1985 (Prof. Dr. Ir. Sedyatmo),
 Year of Operations                                                               dan/and 1987 (Cawang-Tomang-Pluit)
 Jumlah Gardu
                                                                                                        240
 Total Booths
 Volume Capacity (V/C) Rasio Rata-Rata                         0,79 (A) dan/and 0,89 (B) (Prof. Dr. Ir. Sedyatmo & Cawang-Tomang-Pluit)
 Volume Capacity (V/C) Average Ratio                                       dan/and 0,94 (A) - 0,96 (B) (Jakarta-Tangerang)
 Sistem Pengoperasian                                                                                Terbuka
 Operating System                                                                                     Open
 Lokasi Jalan Tol
                                                                                                   Jabodetabek
 Toll Road Location


Ruas Jakarta Outer Ring Road (JORR) Non S dan Ruas Ulujami-Bintaro Viaduct-Pondok Aren
Jakarta Outer Ring Road (JORR) Non-S and Ulujami-Bintaro Viaduct-Pondok Aren Toll


                        Ruas                                                 JORR Seksi/Section E1, E2, E3, W2S dan/and
                      Toll Road                                                Ulujami-Bintaro Viaduct-Pondok Aren
 Panjang Jalan                                                                 JORR Seksi E1, E2, E3, W2S (31,4 km) dan/and
 Road Length                                                                   Ulujami-Bintaro Viaduct-Pondok Aren (5,6 km)
 Konsesi sampai dengan Tahun
                                                                                                       2044
 Concession Maturity Year
 Tahun Beroperasi
                                                        1991 (JORR Seksi E1, E2, E3, W2S) dan/and 2001 (Ulujami-Bintaro Viaduct-Pondok Aren)
 Year of Operations
 Jumlah Gardu
                                                                                                        114
 Total Booths
 Volume Capacity (V/C) Rasio Rata-Rata                                              0,66 (A) - 0,61 (B) (JORR E1-E3) dan/and
 Volume Capacity (V/C) Average Ratio                                 0,4 (A) - 0,4 (B) (JORR W2S & Ulujami-Bintaro Viaduct-Pondok Aren)
 Sistem Pengoperasian                                                                                 Terbuka
 Operating System                                                                                      Open
 Lokasi Jalan Tol
                                                                                                   Jabodetabek
 Toll Road Location


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01                              02                  03                   04                                       05
Ikhtisar Kinerja Utama          Laporan Manajemen   Profil Perusahaan     Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report   Company Profile       Management Discussion and Analysis       Business Support Functions




Ruas Purbaleunyi
Purbaleunyi Toll Road


                          Ruas                                     Cikampek-Padalarang (Cipularang) dan/and
                        Toll Road                                      Padalarang-Cileunyi (Padaleunyi)
 Panjang Jalan
                                                       Cikampek-Padalarang (58,50 km) dan/and Padalarang-Cileunyi (64,40 km)
 Road Length
 Konsesi sampai dengan Tahun
                                                                                         2044
 Concession Maturity Year
 Tahun Beroperasi
                                                           2003 (Cikampek-Padalarang) dan/and 1990 (Padalarang-Cileunyi)
 Year of Operations
 Jumlah Gardu
                                                                                          159
 Total Booths
 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                  0,74 (A) - 0,77 (B)
 Volume Capacity (V/C) Average Ratio
 Sistem Pengoperasian                                                                  Tertutup
 Operating System                                                                       Closed
 Lokasi Jalan Tol                                                                     Jawa Barat
 Toll Road Location                                                                   West Java


Ruas Belmera
Belmera Toll Road


                          Ruas
                        Toll Road                                  Belawan-Medan-Tanjung Morawa (Belmera)

 Panjang Jalan
                                                                                       42,70 km
 Road Length
 Konsesi sampai dengan Tahun
                                                                                         2044
 Concession Maturity Year
 Tahun Beroperasi
                                                                                         1986
 Year of Operations
 Jumlah Gardu
                                                                                          65
 Total Booths
 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                  0,46 (A) – 0,45 (B)
 Volume Capacity (V/C) Average Ratio
 Sistem Pengoperasian                                                                  Tertutup
 Operating System                                                                       Closed
 Lokasi Jalan Tol                                                                  Sumatera Utara
 Toll Road Location                                                                North Sumatra



Entitas Anak
Subsidiaries

PT Marga Trans Nusantara (MTN)


                          Ruas
                        Toll Road                                               Kunciran-Serpong

 Panjang Jalan
                                                                                        11,1 km
 Road Length
 Konsesi sampai dengan Tahun
                                                                                         2052
 Concession Maturity Year
 Tahun Beroperasi
                                                                                         2019
 Year of Operations
 Jumlah Gardu
                                                                                          36
 Total Booths
 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                  0,49 (A) - 0,47 (B)
 Volume Capacity (V/C) Average Ratio
 Sistem Pengoperasian                                                                  Tertutup
 Operating System                                                                       Closed
 Lokasi Jalan Tol
                                                                                        Banten
 Toll Road Location



312                                                                      Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




PT Marga Sarana Jabar (MSJ)


                        Ruas
                      Toll Road                                                    Bogor Outer Ring Road

 Panjang Jalan
                                                                                              11,3 km
 Road Length

 Konsesi sampai dengan Tahun
                                                                                               2059
 Concession Maturity Year

 Tahun Beroperasi
                                                                                               2009
 Year of Operations

 Jumlah Gardu
                                                                                                 21
 Total Booths

 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                        0,54 (A) - 0,54 (B)
 Volume Capacity (V/C) Average Ratio

 Sistem Pengoperasian                                                                        Terbuka
 Operating System                                                                             Open

 Lokasi Jalan Tol                                                                           Jawa Barat
 Toll Road Location                                                                         West Java


PT Cinere Serpong Jaya (CSJ)


                        Ruas
                      Toll Road                                                        Serpong-Cinere

 Panjang Jalan
                                                                                             10,14 km
 Road Length

 Konsesi sampai dengan Tahun
                                                                                               2052
 Concession Maturity Year

 Tahun Beroperasi
                                                                                               2023
 Year of Operations

 Jumlah Gardu
                                                                                                 20
 Total Booths

 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                        0,41 (A) - 0,41 (B)
 Volume Capacity (V/C) Average Ratio

 Sistem Pengoperasian                                                                        Tertutup
 Operating System                                                                             Closed

 Lokasi Jalan Tol
                                                                                              Banten
 Toll Road Location


PT Jasamarga Kunciran Cengkareng (JKC)


                        Ruas
                      Toll Road                                            Cengkareng-Batuceper-Kunciran

 Panjang Jalan
                                                                                              14,2 km
 Road Length

 Konsesi sampai dengan Tahun
                                                                                               2052
 Concession Maturity Year

 Tahun Beroperasi
                                                                                               2021
 Year of Operations

 Jumlah Gardu
                                                                                                 51
 Total Booths

 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                        0,35 (A) - 0,35 (B)
 Volume Capacity (V/C) Average Ratio

 Sistem Pengoperasian                                                                        Tertutup
 Operating System                                                                             Closed

 Lokasi Jalan Tol
                                                                                              Banten
 Toll Road Location




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                  313
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01                              02                  03                  04                                       05
Ikhtisar Kinerja Utama          Laporan Manajemen   Profil Perusahaan    Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report   Company Profile      Management Discussion and Analysis       Business Support Functions




PT Jasamarga Kualanamu Tol (JMKT)


                          Ruas
                        Toll Road                                      Medan-Kualanamu-Tebing Tinggi

 Panjang Jalan
                                                                                       61,7 km
 Road Length

 Konsesi sampai dengan Tahun
                                                                                        2056
 Concession Maturity Year

 Tahun Beroperasi
                                                                                        2017
 Year of Operations

 Jumlah Gardu
                                                                                         35
 Total Booths

 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                 0,17 (A) - 0,17 (B)
 Volume Capacity (V/C) Average Ratio

 Sistem Pengoperasian                                                                 Tertutup
 Operating System                                                                      Closed

 Lokasi Jalan Tol                                                                 Sumatera Utara
 Toll Road Location                                                               North Sumatra


PT Jasamarga Bali Tol (JBT)


                          Ruas
                        Toll Road                                          Nusa Dua-Tanjung Benoa

 Panjang Jalan
                                                                                       9,7 km
 Road Length

 Konsesi sampai dengan Tahun
                                                                                        2057
 Concession Maturity Year

 Tahun Beroperasi
                                                                                        2013
 Year of Operations

 Jumlah Gardu
                                                                                         24
 Total Booths

 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                 0,20 (A) - 0,25 (B)
 Volume Capacity (V/C) Average Ratio

 Sistem Pengoperasian                                                                 Terbuka
 Operating System                                                                      Open

 Lokasi Jalan Tol
                                                                                         Bali
 Toll Road Location


PT Jasamarga Balikpapan Samarinda (JBS)


                          Ruas
                        Toll Road                                           Balikpapan-Samarinda

 Panjang Jalan
                                                                                      97,3 km
 Road Length

 Konsesi sampai dengan Tahun
                                                                                        2066
 Concession Maturity Year

 Tahun Beroperasi
                                                                                        2019
 Year of Operations

 Jumlah Gardu
                                                                                         26
 Total Booths

 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                 0,05 (A) - 0,05 (B)
 Volume Capacity (V/C) Average Ratio

 Sistem Pengoperasian                                                                 Tertutup
 Operating System                                                                      Closed

 Lokasi Jalan Tol                                                                Kalimantan Timur
 Toll Road Location                                                               East Kalimantan




314                                                                     Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 315
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Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan     Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility      Reference of POJK, SEOJK, and ARA Criteria




PT Jasamarga Manado Bitung (JMB)=


                        Ruas
                      Toll Road                                                            Manado-Bitung

 Panjang Jalan
                                                                                                 39,8 km
 Road Length

 Konsesi sampai dengan Tahun
                                                                                                   2066
 Concession Maturity Year

 Tahun Beroperasi
                                                                                                   2020
 Year of Operations

 Jumlah Gardu
                                                                                                     24
 Total Booths

 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                            0,04 (A) - 0,04 (B)
 Volume Capacity (V/C) Average Ratio

 Sistem Pengoperasian                                                                            Tertutup
 Operating System                                                                                 Closed

 Lokasi Jalan Tol                                                                            Sulawesi Utara
 Toll Road Location                                                                          North Sulawesi


PT Jasamarga Jogja Solo (JMJ)*


                        Ruas
                      Toll Road                                               Solo-Yogyakarta-NYIA Kulon Progo

 Panjang Jalan
                                                                                                 96,57 km
 Road Length

 Konsesi sampai dengan Tahun
                                                                                                   2061
 Concession Maturity Year

 Tahun Beroperasi                                                                   Beroperasi sebagian sejak 2024
 Year of Operations                                                                 Partially operational since 2024

 Jumlah Gardu
                                                                                                     40
 Total Booths

 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                             0,16 (A) - 0,17 (B)
 Volume Capacity (V/C) Average Ratio

 Sistem Pengoperasian                                                                            Tertutup
 Operating System                                                                                 Closed

 Lokasi Jalan Tol                                                          Daerah Istimewa Yogyakarta dan Jawa Tengah
 Toll Road Location                                                            Yogyakarta Province and Central Java
 * Keterangan/Note:
   Di tahun 2025, PT JMJ telah menjadi Entitas Anak Perseroan.
   In 2025, PT JMJ became a subsidiary of the Company.


Tabel Kemajuan Jalan Tol Solo - Yogyakarta - NYIA Kulon Progo
Table of Solo - Yogyakarta - NYIA Kulon Progo Toll Road Progress



                        Ruas                                                   Pengadaan Tanah %                          Konstruksi %
                                                          Panjang (km)         Land Procurement %                        Construction %
                      Toll Road                            Length (km)
                                                                               2025                2024               2025          2024
 Paket 1.1
                  Kartasura - Klaten                             22,30         99,46               99,09              100,00        100,00
 Phase 1.1

 Paket 1.2
                  Klaten - Purwomartani                          20,08         99,53               98,84              95,53         78,51
 Phase 1.2

 Paket 2.1A
                  Purwomartani - Maguwoharjo                     3,63          94,60               96,00              27,63          2,08
 Phase 2.1A

 Paket 2.2B
                  Trihanggo - Junction Sleman                    3,25          96,14               98,39              78,51         44,64
 Phase 2.2B

 Paket 2
                  Junction Sleman - Purworejo                    8,75          17,05                  0                 0             0
 Phase 2

 Paket 3
                  Maguwoharjo - Trihanggo                        38,59          6,86                7,62                0             0
 Phase 3




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                        315
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01                                02                    03                    04                                           05
Ikhtisar Kinerja Utama            Laporan Manajemen     Profil Perusahaan      Analisa dan Pembahasan Manajemen             Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report     Company Profile        Management Discussion and Analysis           Business Support Functions




PT Jasamarga Jogja Bawen (JJB)


                          Ruas
                        Toll Road                                                   Yogyakarta-Bawen

 Panjang Jalan
                                                                                            75,82 km
 Road Length

 Konsesi sampai dengan Tahun
                                                                                              2062
 Concession Maturity Year

 Tahun Beroperasi                                                                      Belum beroperasi
 Year of Operations                                                                   Not operational yet

 Lokasi Jalan Tol                                                                        Jawa Tengah
 Toll Road Location                                                                      Central Java


Tabel Kemajuan Jalan Tol Yogyakarta-Bawen
Table of Yogyakarta-Bawen Toll Road Progress



                          Ruas                          Panjang            Pengadaan Tanah %                          Konstruksi %
                        Toll Road                        (km)              Land Procurement %                        Construction %
                                                      Length (km)          2025              2024                  2025               2024
 Seksi 1
                Yogyakarta - Banyurejo                    8,25             96,45             96,04                 89,02               75,40
 Section 1

 Seksi 2
                Banyurejo - Borobudur                    15,26             92,21              91,92                 0                    0
 Section 2

 Seksi 3
                 Borobudur - Magelang                     8,08             79,94              58,86                 0                    0
 Section 3

 Seksi 4
                 Magelang - Temanggung                   16,46             63,22              5,67                  0                    0
 Section 4

 Seksi 5
                 Temanggung - Ambarawa                   22,56             24,75               5,19                 0                    0
 Section 5

 Seksi 6
                 Ambarawa - Bawen                         5,21             97,10              95,51                90,00               50,90
 Section 6


PT Jasamarga Japek Selatan (JJS)


                          Ruas
                        Toll Road                                                     Jatiasih-Sadang

 Panjang Jalan
                                                                                             64 km
 Road Length

 Konsesi sampai dengan Tahun
                                                                                              2054
 Concession Maturity Year

 Tahun Beroperasi                                                                      Belum beroperasi
 Year of Operations                                                                   Not operational yet

 Lokasi Jalan Tol                                                                          Jawa Barat
 Toll Road Location                                                                         East Java


Tabel Kemajuan Jalan Tol Jakarta-Cikampek II Sisi Selatan
Table of Jakarta-Cikampek II South Side Toll Road Progress


                                                                           Pengadaan Tanah %                          Konstruksi %
                          Ruas                        Panjang (km)         Land Procurement %                        Construction %
                        Toll Road                      Length (km)
                                                                           2025               2024                 2025                2024
 Seksi 1
                Jatiasih - Setu                            9,7              10,17              8,44                  0                    0
 Section 1

 Seksi 2A
                Setu - Sukaragam                          9,65             87,65              82,28                81,25               50,86
 Section 2A

 Seksi 2B
                Sukaragam - Bojongmangu                   15,6             98,19              95,92                72,01               48,97
 Section 2B

 Seksi 3
                Bojongmangu - Sadang                      29,05            98,06              98,03                93,09               89,01
 Section 3




316                                                                          Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 317
06                                 07                                   08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan     Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility      Reference of POJK, SEOJK, and ARA Criteria




PT Jasamarga Probolinggo-Banyuwangi (JPB)


                        Ruas
                      Toll Road                                                       Probolinggo-Banyuwangi

 Panjang Jalan
                                                                                                172,9 km
 Road Length

 Konsesi sampai dengan Tahun
                                                                                                  2073
 Concession Maturity Year

 Tahun Beroperasi                                                                           Belum beroperasi
 Year of Operations                                                                        Not operational yet

 Lokasi Jalan Tol                                                                              Jawa Timur
 Toll Road Location                                                                             East Java


Tabel Kemajuan Jalan Tol Probolinggo-Banyuwangi
Table of Probolinggo-Banyuwangi Toll Road Progress


                                                                              Pengadaan Tanah %                          Konstruksi %
                        Ruas                             Panjang (km)         Land Procurement %                        Construction %
                      Toll Road                           Length (km)
                                                                              2025                2024               2025          2024
 Paket 1
               Suko - Kraksaan                                  6,53         100,00               99,30              99,41         85,54
 Phase 1

 Paket 2
               Kraksaan - Paiton                               15,75         100,00               99,58              100,00        72,35
 Phase 2

 Paket 3.1     Paiton – Banyuglugur (Seksi 1)
                                                                             100,00               99,96
 Phase 3.1     Paiton – Banyuglugur (Section 1)
                                                               21,89                                                 92,24         60,29
 Paket 3.2     Banyuglugur - Besuki (Seksi 2)
                                                                             100,00               98,92
 Phase 3.2     Banyuglugur - Besuki (Section 2)

 Paket 4
               Besuki - Situbondo                              43,48             0                   0                  0            0
 Phase 4

 Paket 5
               Situbondo - Asembagus                           17,65             0                   0                  0            0
 Phase 5

 Paket 6
               Asembagus - Bajulmati                           43,61             0                   0                  0            0
 Phase 6

 Paket 7
               Bajulmati - Ketapang                            24,00             0                   0                  0            0
 Phase 7


PT Jasamarga Akses Patimban (JAP)


                        Ruas
                      Toll Road                                                            Akses Patimban

 Panjang Jalan
                                                                                                37,05 km
 Road Length

 Konsesi sampai dengan Tahun                                                          50 tahun sejak tanggal efektif
 Concession Maturity Year                                                            50 years from the effective date

 Tahun Beroperasi                                                                           Belum beroperasi
 Year of Operations                                                                        Not operational yet

 Lokasi Jalan Tol                                                                              Jawa Barat
 Toll Road Location                                                                            West Java


Tabel Kemajuan Jalan Tol Akses Patimban
Table of Akses Patimban Toll Road Progress



                        Ruas                                                  Pengadaan Tanah %                          Konstruksi %
                                                         Panjang (km)         Land Procurement %                        Construction %
                      Toll Road                           Length (km)
                                                                              2025                2024               2025          2024
 Paket 1
               STA 00+000 - 07+100 (BUJT)                       7,10          85,30               63,34                 0            0
 Phase 1

 Paket 2
               STA 07+100 - 14+110 (BUJT)                       7,01          97,34                84,21                0            0
 Phase 2



PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                         317
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01                              02                     03                      04                                          05
Ikhtisar Kinerja Utama          Laporan Manajemen      Profil Perusahaan        Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report      Company Profile          Management Discussion and Analysis          Business Support Functions




Tabel Kemajuan Jalan Tol Akses Patimban
Table of Akses Patimban Toll Road Progress



                          Ruas                                              Pengadaan Tanah %                          Konstruksi %
                                                     Panjang (km)           Land Procurement %                        Construction %
                        Toll Road                     Length (km)
                                                                            2025               2024                 2025               2024
 Paket 1        STA 14+110 - 21+800 (Viability Gap
                                                         7,69                96,85             89,94
 Phase 1        Funding Pemerintah/Government)

                STA 21+800 - 28+000 (Viability                                                                   Konstruksi dilakukan oleh
 Paket 2                                                                                                       Pemerintah karena merupakan
                Gap Funding Pemerintah/                  6,20                98,99             91,78
 Phase 2                                                                                                           Viability Gap Funding
                Government)
                                                                                                                         Pemerintah.
                STA 28+000 - 33+500 a (Viability                                                               The construction was carried
 Seksi 3
                Gap Funding Pemerintah/                  5,50                94,57             81,20           out by the government as part
 Phase 3
                Government)                                                                                     of its Viability Gap Funding
                STA 33+500 - 37+050 (Viability                                                                           programme.
 Paket 4
                Gap Funding Pemerintah/                  3,55                98,21             83,28
 Phase 4
                Government)


PT Jasamarga Transjawa Tol                                                PT Jasamarga Transjawa Tol

Setelah dilakukannya pemisahan (spin off) Regional                        Following the spin-off of Regional Transjawa Tollroad to
Transjawa Tollroad kepada PT Jasamarga Transjawa Tol                      PT Jasamarga Transjawa Tol (JTT) on July 1, 2022, and the
(JTT) pada 1 Juli 2022 dan buyback atas penyertaan                        buyback of Limited Participation Mutual Funds (RDPT) on
Reksadana Penyertaan Terbatas (RDPT) pada 5 Juli 2023,                    July 5, 2023, as well as the buyback of the Infrastructure
serta buyback atas penyertaan Dana Investasi Infrastruktur                Investment Fund (Dinfra) participation in September 2024,
(Dinfra) pada September 2024 maka PT Jasamarga                            PT Jasamarga Transjawa Toll (JTT), as a subsidiary of the
Transjawa Tol (JTT) sebagai entitas anak Perseroan memiliki               Company, owns 13 toll road concessions.
13 ruas konsesi jalan tol.

Ruas Jakarta-Cikampek
Jakarta-Cikampek Toll Road


                          Ruas
                        Toll Road                                               Jakarta-Cikampek (Japek)

 Panjang Jalan
                                                                                             72,5 km
 Road Length
 Konsesi sampai dengan Tahun
                                                                                               2044
 Concession Maturity Year
 Tahun Beroperasi
                                                                                               1988
 Year of Operations
 Jumlah Gardu
                                                                                                213
 Total Booths
 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                        0,60(A) - 0,59 (B)
 Volume Capacity (V/C) Average Ratio
 Sistem Pengoperasian                                                                        Terbuka
 Operating System                                                                             Open
 Lokasi Jalan Tol
                                                                                          Jabodetabek
 Toll Road Location


Ruas Palimanan-Kanci
Palimanan-Kanci Toll Road


                          Ruas
                        Toll Road                                              Palimanan-Kanci (Palikanci)

 Panjang Jalan
                                                                                               28,84
 Road Length

 Konsesi sampai dengan Tahun
                                                                                               2044
 Concession Maturity Year

 Tahun Beroperasi
                                                                                               1998
 Year of Operations

 Jumlah Gardu
                                                                                                31
 Total Booths



318                                                                           Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 319
06                                07                                 08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Ruas Palimanan-Kanci
Palimanan-Kanci Toll Road


                        Ruas
                      Toll Road                                                Palimanan-Kanci (Palikanci)

 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                        0,66 (A) - 0,64 (B)
 Volume Capacity (V/C) Average Ratio

 Sistem Pengoperasian                                                                        Tertutup
 Operating System                                                                             Closed

 Lokasi Jalan Tol                                                                           Jawa Barat
 Toll Road Location                                                                         West Java


Ruas Semarang Seksi A, B, C
Semarang Sections A, B, C Toll Roads


                        Ruas
                      Toll Road                                                        Semarang A,B,C

 Panjang Jalan
                                                                                             24,75 km
 Road Length

 Konsesi sampai dengan Tahun
                                                                                               2044
 Concession Maturity Year

 Tahun Beroperasi
                                                                                               1983
 Year of Operations

 Jumlah Gardu
                                                                                                 37
 Total Booths

 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                        0,61 (A) - 0,58 (B)
 Volume Capacity (V/C) Average Ratio

 Sistem Pengoperasian                                                                         Terbuka
 Operating System                                                                              Open

 Lokasi Jalan Tol                                                                          Jawa Tengah
 Toll Road Location                                                                        Central Java


Ruas Surabaya-Gempol
Surabaya-Gempol Toll Road


                        Ruas
                      Toll Road                                                       Surabaya-Gempol

 Panjang Jalan
                                                                                             44,4 km
 Road Length

 Konsesi sampai dengan Tahun
                                                                                               2044
 Concession Maturity Year

 Tahun Beroperasi
                                                                                               1986
 Year of Operations

 Jumlah Gardu
                                                                                                122
 Total Booths

 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                        0,60 (A) - 0,60 (B)
 Volume Capacity (V/C) Average Ratio

 Sistem Pengoperasian                                                                 Terbuka dan Tertutup
 Operating System                                                                       Open and Closed

 Lokasi Jalan Tol                                                                          Jawa Timur
 Toll Road Location                                                                         East Java




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                  319
Page 320
01                              02                  03                 04                                       05
Ikhtisar Kinerja Utama          Laporan Manajemen   Profil Perusahaan   Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report   Company Profile     Management Discussion and Analysis       Business Support Functions




PT Jasamarga Surabaya Mojokerto (JSM)


                          Ruas
                        Toll Road                                           Surabaya-Mojokerto

 Panjang Jalan
                                                                                     36,27 km
 Road Length

 Konsesi sampai dengan Tahun
                                                                                       2049
 Concession Maturity Year

 Tahun Beroperasi
                                                                                       2011
 Year of Operations

 Jumlah Gardu
                                                                                        65
 Total Booths

 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                0,45 (A) - 0,47 (B)
 Volume Capacity (V/C) Average Ratio

 Sistem Pengoperasian                                                         Terbuka dan Tertutup
 Operating System                                                               Open and Closed

 Lokasi Jalan Tol                                                                  Jawa Timur
 Toll Road Location                                                                 East Java


PT Jasamarga Gempol Pasuruan (JGP)


                          Ruas
                        Toll Road                                             Gempol-Pasuruan

 Panjang Jalan
                                                                                     34,15 km
 Road Length

 Konsesi sampai dengan Tahun
                                                                                       2063
 Concession Maturity Year

 Tahun Beroperasi
                                                                                       2017
 Year of Operations

 Jumlah Gardu
                                                                                        28
 Total Booths

 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                0,25 (A) - 0,27 (B)
 Volume Capacity (V/C) Average Ratio

 Sistem Pengoperasian                                                                Tertutup
 Operating System                                                                     Closed

 Lokasi Jalan Tol                                                                  Jawa Timur
 Toll Road Location                                                                 East Java


PT Jasamarga Semarang Batang (JSB)


                          Ruas
                        Toll Road                                             Batang-Semarang

 Panjang Jalan
                                                                                     75,0 km
 Road Length

 Konsesi sampai dengan Tahun
                                                                                       2066
 Concession Maturity Year

 Tahun Beroperasi
                                                                                       2018
 Year of Operations

 Jumlah Gardu
                                                                                        45
 Total Booths

 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                0,31 (A) - 0,31 (B)
 Volume Capacity (V/C) Average Ratio

 Sistem Pengoperasian                                                                Tertutup
 Operating System                                                                     Closed

 Lokasi Jalan Tol                                                                 Jawa Tengah
 Toll Road Location                                                               Central Java




320                                                                    Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 321
06                                07                                  08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan    Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility     Reference of POJK, SEOJK, and ARA Criteria




PT Jasamarga Solo Ngawi (JSN)


                        Ruas
                      Toll Road                                                            Solo-Ngawi

 Panjang Jalan
                                                                                              91,06 km
 Road Length

 Konsesi sampai dengan Tahun
                                                                                                2066
 Concession Maturity Year

 Tahun Beroperasi
                                                                                                2018
 Year of Operations

 Jumlah Gardu
                                                                                                  46
 Total Booths

 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                         0,25 (A) - 0,26 (B)
 Volume Capacity (V/C) Average Ratio

 Sistem Pengoperasian                                                                         Tertutup
 Operating System                                                                              Closed

 Lokasi Jalan Tol                                                                           Jawa Tengah
 Toll Road Location                                                                         Central Java


PT Jasamarga Ngawi Kertosono Kediri (JNK)


                        Ruas
                      Toll Road                                                   Ngawi-Kertosono-Kediri

 Panjang Jalan
                                                                                               108 km
 Road Length

 Konsesi sampai dengan Tahun
                                                                                                2066
 Concession Maturity Year

 Tahun Beroperasi                                                                Beroperasi sebagian sejak 2018
 Year of Operations                                                              Partially operational since 2018

 Jumlah Gardu
                                                                                                  17
 Total Booths

 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                         0,21 (A) - 0,21 (B)
 Volume Capacity (V/C) Average Ratio

 Sistem Pengoperasian                                                                         Tertutup
 Operating System                                                                              Closed

 Lokasi Jalan Tol                                                                           Jawa Timur
 Toll Road Location                                                                          East Java


PT Jasamarga Jalanlayang Cikampek (JJC)


                        Ruas
                      Toll Road                                      Jalan Layang MBZ Sheikh Mohamed Bin Zayed

 Panjang Jalan
                                                                                              36,4 km
 Road Length

 Konsesi sampai dengan Tahun
                                                                                                2062
 Concession Maturity Year

 Tahun Beroperasi
                                                                                                2019
 Year of Operations

 Jumlah Gardu
                                                                                                   -
 Total Booths

 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                         0,56 (A) - 0,58 (B)
 Volume Capacity (V/C) Average Ratio

 Sistem Pengoperasian                                                     Terbuka (Terintegrasi Jakarta - Cikampek)
 Operating System                                                         Open (Integrated with Jakarta - Cikampek)

 Lokasi Jalan Tol
                                                                                            Jabodetabek
 Toll Road Location




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01                              02                  03                 04                                       05
Ikhtisar Kinerja Utama          Laporan Manajemen   Profil Perusahaan   Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report   Company Profile     Management Discussion and Analysis       Business Support Functions




PT Trans Marga Jateng (TMJ)


                          Ruas
                        Toll Road                                               Semarang-Solo

 Panjang Jalan
                                                                                     72,64 km
 Road Length

 Konsesi sampai dengan Tahun
                                                                                       2060
 Concession Maturity Year

 Tahun Beroperasi
                                                                                       2011
 Year of Operations

 Jumlah Gardu
                                                                                        61
 Total Booths

 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                0,39 (A) - 0,37 (B)
 Volume Capacity (V/C) Average Ratio

 Sistem Pengoperasian                                                                Tertutup
 Operating System                                                                     Closed

 Lokasi Jalan Tol                                                                 Jawa Tengah
 Toll Road Location                                                               Central Java


PT Jasamarga Pandaan Tol (JPT)


                          Ruas
                        Toll Road                                             Gempol-Pandaan

 Panjang Jalan
                                                                                     13,61 km
 Road Length

 Konsesi sampai dengan Tahun
                                                                                       2049
 Concession Maturity Year

 Tahun Beroperasi
                                                                                       2015
 Year of Operations

 Jumlah Gardu
                                                                                         12
 Total Booths

 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                0,44 (A) - 0,43 (B)
 Volume Capacity (V/C) Average Ratio

 Sistem Pengoperasian                                                                Tertutup
 Operating System                                                                     Closed

 Lokasi Jalan Tol                                                                  Jawa Timur
 Toll Road Location                                                                 East Java


PT Jasamarga Pandaan Malang (JPM)


                          Ruas
                        Toll Road                                              Pandaan-Malang

 Panjang Jalan
                                                                                    38,49 km
 Road Length

 Konsesi sampai dengan Tahun
                                                                                       2052
 Concession Maturity Year

 Tahun Beroperasi
                                                                                       2019
 Year of Operations

 Jumlah Gardu
                                                                                        35
 Total Booths

 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                0,28 (A) - 0,26 (B)
 Volume Capacity (V/C) Average Ratio

 Sistem Pengoperasian                                                                Tertutup
 Operating System                                                                     Closed

 Lokasi Jalan Tol                                                                  Jawa Timur
 Toll Road Location                                                                 East Java




322                                                                    Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 323
06                                  07                                      08
Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




Ventura Bersama
Joint Ventures

PT Marga Lingkar Jakarta (MLJ)


                        Ruas                                                   Ulujami-Kebon Jeruk (JORR W2 Utara)
                      Toll Road                                                Ulujami-Kebon Jeruk (North JORR W2)
 Panjang Jalan
                                                                                                     7,87 km
 Road Length
 Konsesi sampai dengan Tahun
                                                                                                        2044
 Concession Maturity Year
 Tahun Beroperasi
                                                                                                        2014
 Year of Operations
 Jumlah Gardu
                                                                                                         38
 Total Booths
 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                               0,54 (A) - 0,54 (B)
 Volume Capacity (V/C) Average Ratio
 Sistem Pengoperasian                                                                                Terbuka
 Operating System                                                                                     Open
 Lokasi Jalan Tol
                                                                                                     Jakarta
 Toll Road Location


Kinerja Segmen Usaha Jalan Tol                                                Toll Road Business Segment Performance

Di tahun 2025, volume lalu lintas transaksi tercatat                          In 2025, the volume of transaction traffic increased
mengalami peningkatan dibandingkan dengan tahun 2024.                         compared to 2024. This increase was mainly due to
Peningkatan tersebut lebih disebabkan oleh peningkatan                        increased connectivity due to the presence of a new toll
konektivitas dengan adanya jaringan jalan tol baru. Adapun                    road network. The realization of traffic volume for each toll
realisasi volume lalu lintas masing-masing ruas jalan tol pada                road section at the Parent Entity and Subsidiary Entities of
Entitas Induk dan Entitas Anak Perseroan adalah sebagai                       the Company is as follows:
berikut:

Tabel Volume Lalu Lintas Transaksi                                                                                            (dalam juta transaksi kendaraan)
Table of Transaction Traffic Volume                                                                                         (in millions of vehicle transactions)




                                                               2025                                                               Pertumbuhan
                                                                                                  2024
                                                                                                                                     Growth
                                                      Jumlah                            Jumlah                               Jumlah
                        Ruas                        (Transaksi                        (Transaksi                           (Transaksi
 No.                                                                    Proporsi                          Proporsi
                      Toll Roads                   Kendaraan)                        Kendaraan)                            Kendaraan)
                                                                       Proportion                        Proportion                                 (%)
                                                        Total                             Total                                Total
                                                                          (%)                               (%)
                                                      (Vehicle                          (Vehicle                             (Vehicle
                                                   Transaction)                      Transaction)                          Transaction
 Perseroan
 Company
  1.    Jakarta-Bogor-Ciawi                                  155,5           12,4              154,8               12,4                  0,7             0,50

  2.    JORR Seksi/Section Non S                              54,3            4,3               54,8                 4,4                -0,4          -0,007

  3.    Cikampek-Padalarang                                   18,4             1,5               18,8                1,5                -0,3          -0,016

  4.    Jakarta-Tangerang                                    146,1            11,6             144,7               11,6                  1,4             0,01

  5.    Cawang-Tomang-Pluit                                  199,2            15,8             200,2               16,0                 -0,9          -0,005

  6.    Prof. Dr. Ir. Sedyatmo                                80,2            6,4               80,3                 6,4              -0,02                 0

  7.    Padalarang-Cileunyi                                   64,1             5,1              62,3                 5,0                 1,8             0,03

        Pondok Aren-Bintaro Viaduct-
  8.                                                          34,2            2,7               34,0                 2,7                 0,2           0,007
        Ulujami

  9.    Belawan-Medan-Tanjung Morawa                          28,3            2,3               28,8                 2,3               (0,5)              -1,7

 Sub Total
                                                            780,7            62,1              778,7               62,1                  2,1              0,3
 Subtotal




PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                                  323
Page 324
01                               02                          03                        04                                           05
Ikhtisar Kinerja Utama           Laporan Manajemen           Profil Perusahaan          Analisa dan Pembahasan Manajemen             Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report           Company Profile            Management Discussion and Analysis           Business Support Functions




Tabel Volume Lalu Lintas Transaksi                                                                                             (dalam juta transaksi kendaraan)
Table of Transaction Traffic Volume                                                                                          (in millions of vehicle transactions)




                                                               2025                                                                Pertumbuhan
                                                                                                   2024
                                                                                                                                      Growth
                                                     Jumlah                               Jumlah                              Jumlah
                         Ruas                      (Transaksi                           (Transaksi                          (Transaksi
 No.                                                                  Proporsi                             Proporsi
                       Toll Roads                 Kendaraan)                           Kendaraan)                           Kendaraan)
                                                                     Proportion                           Proportion                                 (%)
                                                       Total                                Total                               Total
                                                                        (%)                                  (%)
                                                     (Vehicle                             (Vehicle                            (Vehicle
                                                  Transaction)                         Transaction)                         Transaction
 Entitas Anak
 Subsidiary
   1.    Jasamarta Transjawa Tol (PT JTT)

             Jakarta-Cikampek                               163,2               13,0            164,3               13,1                 (1,1)            -0,7

             Surabaya-Gempol                                100,6                8,0            102,0                8,1                (1,4)             -1,4

             Palimanan-Kanci                                  10,5               0,8              10,5              0,8                   0,0              0,4

             Semarang Seksi A,B,C                            36,5               2,9               37,1              3,0                 (0,5)              -1,5

  2.     Semarang-Batang (PT JSB)                             10,2               0,8              10,1              0,8                   0,2               1,5

  3.     Solo-Ngawi (PT JSN)                                   8,7               0,7              11,8              0,9                 (3,2)            -26,8

         Ngawi-Kertosono-Kediri
  4.                                                           3,3              0,3                3,2              0,3                   0,1              4,4
         (PT JNK)

  5.     Surabaya-Mojokerto (PT JSM)                         30,8                2,5              31,0              2,5                 (0,2)             -0,6

         Cengkareng-Batuceper-Kunciran
  6.                                                         25,8               2,0              24,5               2,0                   0,7              2,9
         (PT JKC)

         Medan-Kualanamu-Tebing Tinggi
   7.                                                          5,4              0,4                6,2              0,5                 (0,8)            -12,2
         (PT JKT)

  8.     Kunciran-Serpong (PT MTN)                            16,6               1,3              15,3               1,2                  1,3              8,8

  9.     Serpong-Cinere (PT CSJ)                               8,8               0,7               7,9              0,6                   1,0             12,2

  10.    Balikpapan-Samarinda (PT JBS)                         4,2              0,3                4,2              0,3                 (0,0)             -0,3

  11.    Gempol-Pasuruan (PT JGP)                              3,3              0,3                2,9              0,2                   0,4              14,1

  12.    Bogor Ring Road (PT MSJ)                             18,6               1,5              18,5               1,5                  0,1              0,7

  13.    Jogja-Solo (PT JMJ)*                                  4,7              0,4                1,3               0,1                  3,5           267,7

         Nusa Dua-Ngurah Rai-Benoa
  14.                                                        20,3                1,6              18,3               1,5                  2,0             10,7
         (PT JBT)

  15.    Gempol-Pandaan (PT JPT)                               3,5              0,3                3,4              0,3                   0,1               2,1

  16.    Manado-Bitung (PT JMB)                                2,3              0,2                2,1              0,2                   0,2              9,5

 Sub Total
                                                            477,0               37,9            474,6              37,9                   2,4              0,5
 Subtotal

 Total                                                    1.257,7           100,0             1.253,2            100,0                    4,5              0,4
Keterangan/Note:
*) PT JMJ pada tahun 2024 dikategorikan pada ventura bersama, namun pada 24 Juli 2025 menjadi Entitas Anak Perseroan.
*) PT JMJ was categorized as a joint venture in 2024, but on July 24, 2025, it became a subsidiary of the Company.




324                                                                                    Laporan Tahunan 2025 Annual Report       PT Jasa Marga (Persero) Tbk
Page 325
06                               07                                        08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Volume lalu lintas pada ruas jalan tol ventura bersama yang                    The traffic volume on the joint venture toll road sections that
telah beroperasi sampai dengan tahun 2025 adalah sebagai                       have been in operation until 2025 is as follows:
berikut:



Tabel Volume Lalu Lintas Transaksi Ventura Bersama                                                                           (dalam juta transaksi kendaraan)
Table of Joint Venture Transaction Traffic Volume                                                                          (in millions of vehicle transactions)




                                                            2025                                                                  Pertumbuhan
                                                                                                  2024
                                                                                                                                     Growth
                                                Jumlah                                 Jumlah                                 Jumlah
                     Ruas                     (Transaksi                             (Transaksi                             (Transaksi
 No.                                                                 Proporsi                            Proporsi
                   Toll Roads                Kendaraan)                             Kendaraan)                             Kendaraan)
                                                                    Proportion                          Proportion                                  (%)
                                                  Total                                  Total                                  Total
                                                                       (%)                                 (%)
                                                (Vehicle                               (Vehicle                               (Vehicle
                                             Transaction)                           Transaction)                           Transaction)
  1.     Ulujami-Kebon Jeruk (PT MLJ)                  22,12              100,0                 21,6             100,0                     0,5            2,3
 Total                                                 22,12              100,0                21,6              100,0                     0,5            2,3



Tabel Volume Lalu Lintas Transaksi Ventura Bersama PT JTT                                                                    (dalam juta transaksi kendaraan)
Table of PT JTT Joint Venture Transaction Traffic Volume                                                                   (in millions of vehicle transactions)




                                                      2025                                                                     Pertumbuhan
                                                                                             2024
                                                                                                                                  Growth
                                           Jumlah                                   Jumlah                                 Jumlah
                   Ruas                  (Transaksi                               (Transaksi                             (Transaksi
 No.                                                          Proporsi                              Proporsi
                 Toll Roads             Kendaraan)                               Kendaraan)                             Kendaraan)
                                                             Proportion                            Proportion                                    (%)
                                             Total                                    Total                                  Total
                                                                (%)                                   (%)
                                           (Vehicle                                 (Vehicle                               (Vehicle
                                        Transaction)                             Transaction)                           Transaction)
  1.     Semarang-Solo (PT TMJ)                     16,2                61,0              16,7                61,9                (0,5)                  -3,1

  2.     Pandaan-Malang (PT JPM)                    10,4                39,0              10,3                38,1                  0,1                   0,8

         Jalanlayang Cikampek
  3.                                                    -                  -                  -                   -                    -                    -
         (PT JJC)

 Total                                             26,6                100,0              27,0              100,0                (0,4)                  -1,6



Selain pertumbuhan volume lalu lintas, penyesuaian tarif                       In addition to traffic volume growth, tariff adjustments based
berdasarkan inflasi pada beberapa ruas jalan tol juga                          on inflation on several toll road sections will also be a driving
menjadi faktor pendorong pertumbuhan pendapatan tol                            factor for the Company’s toll revenue growth in 2025.
Perseroan pada tahun 2025.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                                     325
Page 326
01                                   02                             03                          04                                               05
Ikhtisar Kinerja Utama               Laporan Manajemen              Profil Perusahaan            Analisa dan Pembahasan Manajemen                 Fungsi Penunjang Bisnis
Main Performace Highlights           Management Report              Company Profile              Management Discussion and Analysis               Business Support Functions




Adapun kinerja pendapatan tol pada masing-masing ruas                                   The toll revenue performance for each section in the last
dalam 2 (dua) tahun terakhir adalah sebagai berikut:                                    2 (two) years is as follows:

Tabel Pendapatan Tol                                                                                                                                   (dalam juta Rupiah)
Table of Toll Revenue                                                                                                                                    (in million Rupiah)



                                                                            2025                                                                    Pertumbuhan
                                                                                                                      2024
                                                                                                                                                       Growth
                            Ruas
 No.                                                            Jumlah              Proporsi              Jumlah              Proporsi
                          Toll Roads
                                                                 Total             Proportion              Total             Proportion            (Rp)           (%)
                                                                 (Rp)                 (%)                  (Rp)                 (%)
 Perseroan
 Company

   1.    Jakarta-Bogor-Ciawi                                       1.216.025                    6,7          1.215.853                     7,1          172           0,0

   2.    JORR Seksi/Section Non S                                  1.199.363                    6,6          1.190.437                    6,9         8.926           0,7

   3.    Cikampek-Padalarang                                       1.164.933                    6,4          1.184.986                    6,9     (20.053)            -1,7

   4.    Jakarta-Tangerang                                         1.082.963                    6,0          1.023.563                    5,9       59.400            5,8

   5.    Cawang-Tomang-Pluit                                        1.017.243                   5,6           990.049                     5,7        27.194           2,7

   6.    Prof. Dr. Ir. Sedyatmo                                      697.901                    3,8            697.901                    4,1              -          0,0

   7.    Padalarang-Cileunyi                                         488.668                    2,7            470.745                    2,7        17.923           3,9

   8.    Pondok Aren-Bintaro Viaduct-Ulujami                         185.279                    1,0            183.900                     1,1        1.379           0,7

   9.    Belawan-Medan-Tanjung Morawa                                 179.112                   1,0             181.150                    1,1      (2.038)           -1,1

 Sub total
                                                                   7.231.487                  39,8          7.138.584                   41,4       92.903              1,3
 Subtotal

 Entitas Anak
 Subsidiary

   1.    Jasamarga Transjawa Tol (JTT)

             Jakarta-Cikampek                                      1.867.444                   10,3          1.785.627                  10,4         81.817           4,6

             Surbaya-Gempol                                          912.026                    5,0            919.201                    5,3        (7.175)         -0,8

             Palimanan-Kanci                                         283.672                    1,6            281.352                    1,6         2.320           0,8

             Semarang Seksi A,B,C                                    233.732                    1,3           226.048                     1,3         7.684           3,4

   2.    Semarang-Batang (PT JSB)                                  1.224.800                    6,7           1.212.123                   7,0       12.677             1,0

   3.    Solo-Ngawi (PT JSN)                                       1.019.543                    5,6          1.023.186                    5,9      (3.643)           -0,4

   4.    Ngawi-Kertosono-Kediri (PT JNK)                             710.893                    3,9            690.771                    4,0        20.122           2,9

   5.    Surabaya-Mojokerto (PT JSM)                                 650.437                    3,6            610.232                    3,5       40.205            6,6

   6.    Cengkareng-Batuceper-Kunciran
                                                                     562.732                    3,1            541.957                    3,1       20.775            3,8
         (PT JKC)

   7.    Medan-Kualanamu-Tebing Tinggi
                                                                     555.904                    3,1           568.325                     3,3      (12.421)          -2,2
         (PT JKT)

   8.    Kunciran-Serpong (PT MTN)                                   520.595                    2,9            451.410                    2,6       69.185           15,3

   9.    Serpong-Cinere (PT CSJ)                                     491.504                    2,7            387.134                    2,2      104.370           27,0

  10.    Balikpapan-Samarinda (PT JBS)                               413.084                    2,3            414.638                    2,4       (1.554)          -0,4

  11.    Gempol-Pasuruan (PT JGP)                                    406.563                    2,2            384.132                    2,2       22.431            5,8

  12.    Bogor Ring Road (PT MSJ)                                    297.245                    1,6           282.048                     1,6        15.197           5,4

  13.    Jogja-Solo (PT JMJ)*                                        281.582                    1,6             36.614                    0,2     244.968           669,1

  14.    Nusa Dua-Ngurah Rai-Benoa (PT JBT)                          214.919                    1,2            194.479                     1,1      20.440           10,5

  15.    Gempol-Pandaan (PT JPT)**                                   210.263                    1,2             19.399                    0,1      190.864         983,9

  16.    Manado-Bitung (PT JMB)                                       64.908                    0,4             55.074                    0,3         9.834          17,9

 Sub total
                                                                 10.921.846                   60,2        10.083.750                    58,6      838.096             8,3
 Subtotal

 Total                                                           18.153.333                  100,0         17.222.334                 100,0       930.999             5,4
*) PT JMJ pada Tahun 2024 dikategorikan pada Ventura Bersama, namun pada 24 Juli 2025 menjadi Entitas Anak Perseroan.
**) PT JPT kembali dikonsolidasikan oleh Perseroan pada 2 Desember 2024 setelah Perseroan melakukan aksi korporasi berupa pembelian kembali (buyback) Unit Reksa Dana
    Penyertaan Terbatas (RDPT) atas ruas tol tersebut melalui PT JTT. Dengan demikian, pendapatan pada tabel ini di Tahun 2024 mencerminkan pendapatan PT JPT untuk periode
    2-31 Desember 2024.
*) PT JMJ was categorized as a joint venture in 2024, but on July 24, 2025, it became a subsidiary of the Company.
**) PT JPT was re-consolidated by the Company on December 2, 2024, following the Company’s corporate action involving the buyback of Limited Participation Mutual Fund Units
    (RDPT) for that toll road section through PT JTT. Consequently, the revenue in this table for 2024 reflects PT JPT’s revenue for the period December 2-31, 2024.




326                                                                                            Laporan Tahunan 2025 Annual Report          PT Jasa Marga (Persero) Tbk
Page 327
06                                07                                      08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




Sementara itu, pendapatan tol pada masing-masing ruas                        Meanwhile, toll revenues for each toll road operated by joint
yang dioperasikan oleh ventura bersama adalah sebagai                        ventures are as follows:
berikut:

Tabel Pendapatan Tol Ventura Bersama                                                                                                   (dalam juta Rupiah)
Table of Joint Venture Toll Revenue                                                                                                      (in million Rupiah)




                                                       2025                                                                   Pertumbuhan
                                                                                            2024
                                                                                                                                 Growth
                   Ruas
 No.                                        Jumlah            Proporsi          Jumlah             Proporsi
                 Toll Roads
                                             Total           Proportion          Total            Proportion             (Rp)                 (%)
                                             (Rp)               (%)              (Rp)                (%)
         Ulujami-Kebon Jeruk
  1.                                             351.847             100,0           350.592                100,0              2.870                  0,8
         (PT MLJ)

 Total                                          351.847              100,0          350.592                100,0               2.870                  0,8




Tabel Pendapatan Tol Ventura Bersama PT JTT                                                                                            (dalam juta Rupiah)
Table of PT JTT Joint Venture Toll Revenue                                                                                               (in million Rupiah)




                                                       2025                                                                   Pertumbuhan
                                                                                            2024
                                                                                                                                 Growth
                   Ruas
 No.                                        Jumlah            Proporsi          Jumlah             Proporsi
                 Toll Roads
                                             Total           Proportion          Total            Proportion             (Rp)                 (%)
                                             (Rp)               (%)              (Rp)                (%)
         Jalanlayang Cikampek
  1.                                           1.134.710              43,1          1.091.494                42,7             43.215                  4,0
         (PT JJC)

  2.     Semarang-Solo (PT TMJ)                1.120.595              42,3          1.091.188                42,7             29.407                  2,7

  3.     Pandaan-Malang (PT JPM)                386.994               14,7           372.765                 14,6             14.229                  3,8

 Total                                       2.634.442               100,0       2.555.447                 100,0              78.995                  3,1



Profitabilitas Segmen Usaha Jalan Tol                                         Toll Road Business Segment Profitability

Di tahun 2025, segmen usaha jalan tol berhasil membukukan                    In 2025, the toll road business segment recorded an
laba usaha sebesar Rp9,43 triliun, mengalami peningkatan                     operating profit of Rp9.43 trillion, an increase of 10.94%
10,94% dibanding tahun 2024 sebesar Rp8,50 triliun.                          compared with the 2024 figure of Rp8.50 trillion. This
Kenaikan tersebut terutama disebabkan oleh pengoperasian                     increase was primarily driven by the opening of new toll road
ruas tol baru dari PT Jasamarga Jogja Solo (JMJ).                            sections by PT Jasamarga Jogja Solo (JMJ).

Di samping itu, Perseroan juga melaksanakan beberapa aksi                    In addition, the Company carried out several corporate
korporasi di tahun 2025 untuk mengoptimalkan portofolio                      actions in 2025 to optimize its business portfolio and
bisnis dan mendorong pertumbuhan kinerja, antara lain                        drive performance growth, including amending the control
melakukan adendum terhadap ketentuan pengendalian                            provisions in the Shareholders Agreement of PT JMJ to
dalam Perjanjian Pemegang Saham PT JMJ selaku Ventura                        designate the Company as the Joint Venture Control,
Bersama dimana saat ini Perseroan menjadi pengendali                         thereby making the Company the sole controller of PT JMJ.
penuh atas PT JMJ.

Tabel Profitabilitas Segmen Usaha Jalan Tol*                                                                                            (dalam juta Rupiah)
Table of Toll Road Business Segment Profitability                                                                                         (in million Rupiah)



                                                                                                           Pertumbuhan (Penurunan)
               Uraian                             2025                                                          Growth (Decline)
                                                                             2024
             Description
                                                                                                            Rp                            %
                  (1)                               (2)                       (3)                     (4) = (2)-(3)               (5) = (4)/(3)
 Pendapatan Usaha
                                                       18.253.861                 17.341.825                        912.036                         5,26
 Revenues

 Pendapatan Konstruksi
                                                       10.079.023                 13.021.772                  (2.942.749)                         -22,60
 Construction Revenues

 Beban Usaha
                                                       (7.287.187)               (6.707.883)                     (579.304)                          8,64
 Operating Expenses



PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                                                 327
Page 328
01                                02                            03                           04                                           05
Ikhtisar Kinerja Utama            Laporan Manajemen             Profil Perusahaan             Analisa dan Pembahasan Manajemen             Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report             Company Profile               Management Discussion and Analysis           Business Support Functions




Tabel Profitabilitas Segmen Usaha Jalan Tol*                                                                                                     (dalam juta Rupiah)
Table of Toll Road Business Segment Profitability                                                                                                  (in million Rupiah)



                                                                                                                   Pertumbuhan (Penurunan)
                Uraian                                2025                                                              Growth (Decline)
                                                                                   2024
              Description
                                                                                                                     Rp                            %
                    (1)                                (2)                             (3)                    (4) = (2)-(3)                 (5) = (4)/(3)
 Beban Konstruksi
                                                        (10.021.420)                   (12.949.812)                     2.928.392                          -22,61
 Construction Expenses

 Laba Bruto
                                                          11.024.277                     9.363.793                        1.660.484                          17,73
 Gross Profit

 Beban Umum dan Administrasi
 General and Administration                               (2.231.681)                    (2.103.961)                      (127.720)                           6,07
 Expenses

 Penghasilan (Beban) Lain-Lain
                                                              633.553                         260.947                      372.606                         142,79
 Other Income (Expenses)

 Laba Usaha
                                                             9.426.149                    8.496.251                        929.898                          10,94
 Operating Profit

 Aset Segmen
                                                         198.675.611                   183.022.739                     15.652.872                            8,55
 Segment Assets

 Liabilitas Segmen
                                                        100.629.728                      92.276.187                       8.353.541                          9,05
 Segment Liabilities
 Keterangan | Note:
 *) Angka yang tersaji pada tabel di atas merupakan angka sebelum eliminasi.
 *) The figures presented in the table above are pre-elimination figures.



Prospek Usaha Segmen Jalan Tol                                                     Toll Road Segment Business Prospects

Melihat pertumbuhan volume lalu lintas dan profitabilitas                          Seeing the growth in traffic volume and profitability of
segmen jalan tol, Perseroan optimis bahwa segmen ini masih                         the toll road segment, the Company is optimistic that this
sangat baik sejalan dengan pertumbuhan infrastruktur di                            segment will continue to perform well in line with Indonesia’s
Indonesia. Pengembangan konektivitas antarwilayah yang                             infrastructure growth. Ongoing development of interregional
terus dilakukan dan pengembangan wilayah di sekitar area                           connectivity and development of areas surrounding toll
jalan tol dapat mendorong peningkatan volume lalu lintas                           roads can drive an increase in traffic volume on Jasa Marga
jalan tol Jasa Marga Grup sehingga dapat mendorong                                 Group toll roads, thereby boosting the Company’s revenue
pertumbuhan kinerja pendapatan Perseroan.                                          performance.

Analisa Kinerja dan Prospek Usaha Jalan Tol                                        Performance Analysis and Business Prospects of
Beroperasi                                                                         Operational Toll Roads

Entitas Induk                                                                      Parent Entity

Jagorawi                                                                           Jagorawi
•    Analisis Kinerja                                                              •    Performance Analysis
     Volume lalu lintas dan pendapatan tol ruas Jakarta                                 Traffic volume and toll revenue on the Jakarta-Bogor-
     Bogor-Ciawi meningkat dibandingkan tahun sebelumnya                                Ciawi section increased compared to the previous
     dikarenakan adanya peningkatan mobilitas masyarakat                                year, driven by increased community mobility resulting
     dikarenakan adanya konektivitas jalan tol baru yang                                from the new toll road connectivity linking the relevant
     terhubung dengan ruas terkait                                                      sections.

     Laba usaha mengalami peningkatan dikarenakan adanya                                Profit from Operations increased due to cost-efficiency
     efisiensi beban usaha pada ruas segmen Jakarta-Bogor                               improvements in the Jakarta-Bogor-Ciawi segment.
     Ciawi.

•    Prospek Usaha                                                                 •    Business Prospects
     Di masa yang akan datang pertumbuhan kinerja ruas                                  In the future, the growth of Jagorawi’s performance will
     Jagorawi ditopang oleh beberapa wilayah pada akses                                 be supported by several areas at the Jagorawi exit, which
     keluar ruas Jagorawi yang sudah banyak dikembangkan                                developers have developed into new residential areas or
     oleh para pengembang menjadi pemukiman atau pusat                                  shopping centers for the surrounding community.
     perbelanjaan baru bagi masyarakat di wilayah sekitar.




328                                                                                      Laporan Tahunan 2025 Annual Report           PT Jasa Marga (Persero) Tbk
Page 329
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




     Selain itu, Pemerintah Kabupaten Bogor akan                           In addition, the Bogor Regency Government will develop
     mewujudkan Kota Cibinong Raya, seperti wilayah Sentul                 the Greater Cibinong City, such as the Sentul and
     dan Sukaraja menjadi Kawasan Central Business District                Sukaraja areas, into a Central Business District (CBD).
     (CBD).

Jakarta-Tangerang-Cengkareng                                          Jakarta-Tangerang-Cengkareng
•    Analisis Kinerja                                                 •    Performance Analysis
     Volume lalu lintas dan pendapatan tol ruas Jakarta                    Traffic volume and toll revenue on the Jakarta-
     Tangerang-Cengkareng meningkat dibandingkan tahun                     Tangerang-Cengkareng section increased compared to
     sebelumnya dikarenakan adanya peningkatan mobilitas                   the previous year due to increased community mobility,
     masyarakat khususnya ruas Jakarta Tangerang                           particularly on the Jakarta-Tangerang section, as a
     dikarenakan adanya konektivitas jalan tol baru yang                   result of the new toll road connecting to the relevant
     terhubung dengan ruas terkait.                                        sections.

     Di sisi lain, laba usaha mengalami peningkatan yang                   On the other hand, profit from operations increased due
     dikarenakan oleh upaya-upaya optimalisasi beban yang                  to Jasa Marga’s efforts to optimize expenses.
     dilakukan oleh Jasa Marga.

•    Prospek Usaha                                                    •    Business Prospects
     Pertumbuhan     kinerja    ruas    Jakarta-Tangerang-                 Growth in performance on the Jakarta-Tangerang-
     Cengkareng akan terus ditopang oleh aktivitas                         Cengkareng route will continue to be supported by
     perekonomian di Jakarta, aktivitas penerbangan udara                  economic activity in Jakarta, air travel activity, additional
     maupun penambahan kapasitas terminal di Bandara                       terminal capacity at Soekarno Hatta Airport, as well as
     Soekarno Hatta, dan pengembangan wilayah di area                      regional development in Tangerang, North Jakarta, and
     Tangerang, Jakarta Utara, dan sekitarnya.                             surrounding areas.

Jakarta Outer Ring Road (JORR) Non S dan Pondok Aren-                 Jakarta Outer Ring Road (JORR) Non-S and Pondok Aren-
Bintaro Viaduct-Ulujami                                               Bintaro Viaduct-Ulujami
•    Analisis Kinerja                                                 •    Performance Analysis
     Volume lalu lintas dan pendapatan tol ruas JORR untuk                 Traffic volume and toll revenue for the JORR sections E1,
     seksi E1, E2, E3, W2S serta Pondok Aren-Bintaro Viaduct-              E2, E3, W2S, and Pondok Aren-Bintaro Viaduct-Ulujami
     Ulujami mengalami peningkatan dibandingkan tahn                       increased compared to the previous year. This was due
     sebelumnya. Hal ini, dikarenakan adanya konektivitas                  to the new toll road connecting to the JORR toll road
     jalan tol baru yang terhubung dengan ruas jalan tol JORR.             section.

     Dari sisi profitabilitas, laba usaha ruas JORR Non S                  In terms of profitability, profits from operations for the
     dan Pondok Aren-Bintaro Viaduct-Ulujami mengalami                     JORR Non-S and Pondok Aren-Bintaro Viaduct-Ulujami
     penurunan akibat bertambahnya program rekonstruksi                    sections declined due to additional reconstruction
     untuk pemenuthan tarif tahun 2026 sehingga beban                      programs for the 2026 tariff adjustment, resulting in
     amortisasi lebih tinggi dari tahun sebelumnya.                        higher amortization expenses than in the previous year.

•    Prospek Usaha                                                    •    Business Prospects
     Di masa yang akan datang pertumbuhan kinerja ruas                     In the future, JORR’s growth will be supported by
     JORR ditopang oleh konektivitas dengan jalan tol                      connectivity to the Depok-Antasari toll road, which will
     Depok-Antasari sehingga akan menimbulkan bangkitan                    generate new traffic and increase JORR’s traffic volume.
     lalu lintas baru terhadap volume lalu lintas JORR.

Purbaleunyi                                                           Purbaleunyi
•    Analisis Kinerja                                                 •    Performance Analysis
     Volume lalu lintas mengalami peningkatan namun                        Traffic volume increased, but toll revenue on the
     pendapatan tol ruas Cipularang dan Padaleunyi                         Cipularang and Padaleunyi (Purbaleunyi) sections
     (Purbaleunyi) menurun dibandingkan tahun sebelumnya                   decreased compared to the previous year due to the
     dikarenakan adanya pengoperasian moda transportasi                    operation of other modes of transportation and new
     lain dan konektivitas baru pada ruas Purbaleunyi.                     connectivity on the Purbaleunyi section.

     Di sisi profitabilitas, laba usaha mengalami penurunan                In terms of profitability, profit from operations declined
     karena untuk kebutuhan pemenuhan SPM.                                 due to the need to fulfill SPM requirements.

•    Prospek Usaha                                                    •    Business Prospects
     Di masa yang akan datang pertumbuhan kinerja ruas                     In the future, Purbaleunyi’s growth will be supported by
     Purbaleunyi ditopang oleh konektivitas dengan jalan tol               connectivity to existing toll roads, namely the Soreang-
     yang sudah beroperasi yaitu jalan tol Soreang-Pasir Koja              Pasir Koja toll road and the Cileunyi-Sumedang-Dawuan
     dan jalan tol Cileunyi-Sumedang-Dawuan (Cisumdawu).                   (Cisumdawu) toll road.




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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Belmera                                                             Belmera
•    Analisis Kinerja                                               •   Performance Analysis
     Volume lalu lintas transaksi tercatat menurun karena               The volume of transactions recorded a decline due to the
     penurunan kondisi perekonomian di wilayah Sumatera                 deterioration of economic conditions in North Sumatra,
     Utara, serta adanya cuaca ekstrim di wilayah Sumatera              as well as extreme weather in North Sumatra, which
     Utara yang berdampak pada penurunan mobilitas                      impacted people’s mobility. This resulted in a decline in
     masyarakat. Hal tersebut berdampak pada penurunan                  business profits compared to the previous year.
     laba usaha dibandingkan tahun sebelumnya.

•    Prospek Usaha                                                  •   Business Prospects
     Di masa yang akan datang pertumbuhan kinerja ruas                  In the future, the growth of the Belawan-Medan-Tanjung
     Belawan-Medan-Tanjung Morawa selain didukung oleh                  Morawa route will be supported by its integration with
     terintegrasinya dengan jalan tol Medan-Kualanamu-                  the Medan-Kualanamu-Tebing Tinggi, Medan-Binjai,
     Tebing Tinggi, Medan-Binjai, Kuala Tanjung-Tebing                  Kuala Tanjung-Tebing Tinggi-Parapat, and Indrapura
     Tinggi-Parapat, dan Indrapura-Kisaran, di samping itu              -Kisaran, but also by the Kuala Tanjung Port area and
     juga adanya kawasan Pelabuhan Kuala Tanjung dan                    the Sei Mangkei Special Economic Zone, as well as Lake
     Kawasan Ekonomi Khusus Sei Mangkei serta Danau                     Toba, which is a priority tourist destination in Indonesia,
     Toba yang merupakan destinasi prioritas wisata di                  will also provide opportunities for traffic growth in the
     Indonesia juga akan menjadi peluang pertumbuhan lalu               Belawan-Medan-Tanjung Morawa section.
     lintas di wilayah ruas Belawan-Medan-Tanjung Morawa.



Entitas Anak                                                        Subsidiaries

Kunciran-Serpong (PT Marga Trans Nusantara)                         Kunciran-Serpong (PT Marga Trans Nusantara)
•    Analisis Kinerja                                               •   Performance Analysis
     Volume lalu lintas transaksi tercatat meningkat akibat             Transaction traffic volume has increased due to
     tersambungnya Ruas JORR 2 Barat sampai dengan                      the connection of the West JORR 2 section to the
     bagian Timur.                                                      East section.

•    Prospek Usaha                                                  •   Business Prospects
     Di masa yang akan datang pertumbuhan kinerja ruas                  In the future, the performance growth of the Kunciran-
     Kunciran-Serpong akan meningkatkan pendapatan                      Serpong toll road will increase the Company’s revenue
     Perseroan dengan tersambungnya seluruh ruas JORR 2.                with the connection of the entire JORR 2 toll road.
     Diharapkan dengan tersambungnya ruas JORR 2 dapat                  It is expected that the JORR 2 toll road will improve
     meningkatkan konektivitas di wilayah Jabodetabek.                  connectivity in Jabodetabek area.

Bogor Outer Ring Road (PT Marga Sarana Jabar)                       Bogor Outer Ring Road (PT Marga Sarana Jabar)
•    Analisis Kinerja                                               •   Performance Analysis
     Volume lalu lintas dan pendapatan tol ruas Bogor Outer             Traffic volume and toll revenue on the Bogor Outer Ring
     Ring Road (BORR) meningkat dibandingkan tahun                      Road (BORR) increased compared to the previous year
     sebelumnya dikarenakan peningkatan volume lalu lintas              due to an increase in traffic volume, particularly in the
     khususnya pada Triwulan IV 2025.                                   fourth quarter of 2025.

     Di sisi profitabilitas, laba usaha tumbuh dibandingkan             In terms of profitability, operating profit grew compared
     tahun sebelumnya dikarenakan pengendalian beban                    to the previous year due to control of cash operating
     usaha kas.                                                         expenses.

•    Prospek Usaha                                                  •   Business Prospects
     Pertumbuhan kinerja ruas BORR akan ditopang oleh                   The growth of BORR’s performance will be supported by
     beroperasinya seluruh ruas BORR di masa yang akan                  the operation of all BORR sections in the future, which
     datang, yang kemudian akan tersambung dengan                       will then be connected to the Depok-Antasari section,
     ruas Depok-Antasari, sehingga dapat meningkatkan                   thereby increasing new traffic generation on the BORR
     bangkitan lalu lintas baru di ruas BORR.                           section.

Serpong-Cinere (PT Cinere Serpong Jaya)                             Serpong-Cinere (PT Cinere Serpong Jaya)
•    Analisis Kinerja                                               •   Performance Analysis
     Jumlah volume lalu lintas transaksi dan pendapatan tol             The volume of traffic transactions and toll revenue has
     tercatat meningkat akibat tersambungya Ruas JORR 2                 increased due to the connection of the JORR 2 West
     Barat sampai dengan bagian timur.                                  section to the east.




330                                                                      Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 331
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




•    Prospek Usaha                                                    •    Business Prospects
     Di masa yang akan datang pertumbuhan kinerja ruas                     In the future, the performance growth of the Cinere-
     Cinere-Serpong akan meningkatkan pendapatan                           Serpong section will increase the Company’s revenue
     Perseroan dengan telah tersambungnya seluruh ruas                     with the connection of all JORR 2 network sections,
     jaringan JORR 2 yang diharapkan dapat meningkatkan                    which is expected to improve connectivity and traffic
     konektivitas serta kelancaran arus lalu lintas wilayah                flow in the Jabodetabek area.
     Jabodetabek.

Cengkareng-Batuceper-Kunciran (PT Jasamarga Kunciran                  Cengkareng-Batuceper-Kunciran (PT Jasamarga Kunciran
Cengkareng)                                                           Cengkareng)
•    Analisis Kinerja                                                 •    Performance Analysis
     Volume lalu lintas di sepanjang ruas JORR 2 mengalami                 Traffic volume along the JORR 2 section has increased
     peningkatan akibat tersambungnya Ruas JORR 2 Barat                    due to the connection of the West JORR 2 section to the
     sampai dengan bagian Timur.                                           East section.

•    Prospek Usaha                                                    •    Business Prospects
     Di masa yang akan datang pertumbuhan kinerja ruas                     In the future, improved performance of the Kunciran-
     Kunciran-Cengkareng akan meningkatkan pendapatan                      Cengkareng section will increase the Company’s
     Perseroan dengan telah tersambungnya seluruh ruas                     revenue by connecting the entire JORR 2 network,
     jaringan JORR 2 yang diharapkan dapat meningkatkan                    thereby improving connectivity and traffic flow in the
     konektivitas serta kelancaran arus lalu lintas wilayah                Jabodetabek area. In addition, the performance of
     Jabodetabek. Selain itu, pertumbuhan kinerja ruas                     the Kunciran-Cengkareng section has also improved,
     Kunciran-Cengkareng juga didukung oleh peningkatan                    supported by increased activity at Soekarno-Hatta
     aktivitas di Bandara Soekarno-Hatta.                                  Airport.

Medan-Kualanamu-Tebing Tinggi (PT Jasamarga                           Medan-Kualanamu-Tebing Tinggi (PT Jasamarga
Kualanamu Tol)                                                        Kualanamu Toll Road)
•    Analisis Kinerja                                                 •    Performance Analysis
     Volume lalu lintas transaksi tercatat menurun                         Traffic volume recorded a decline compared to the
     dibandingkan tahun sebelumnya yang dipengaruhi oleh                   previous year, influenced by the closure of the Tebing
     tidak dioperasikannya gerbang tol Tebing Tinggi sejak                 Tinggi toll gate since 2 April 2024 due to its integration
     2 April 2024 karena telah dilakukan integrasi dengan                  with the Kuala Tanjung-Tebing Tingg-Parapat toll road
     ruas jalan tol Kuala Tanjung-Tebing Tinggi-Parapat                    section, as well as the economic downturn and extreme
     serta penurunan kondisi perekonomian serta adanya                     weather conditions in North Sumatra. Toll revenue
     cuaca ekstrim di wilayah Sumatera Utara. Pendapatan                   decreased compared to the previous year, influenced by
     tol tercatat menurun dibandingkan dengan tahun                        a decline in community mobility and integration with the
     sebelumnya yang dipengaruhi oleh karena penurunan                     Medan-Kualanamu-Tebing Tinggi, Medan-Binjai, Kuala
     mobilitas masyarakat serta terintegrasinya dengan ruas                Tanjung-Tebing Tinggi-Parapat, and Indrapura-Kisaran
     jalan tol Medan-Kualanamu-Tebing Tinggi, Medan-Binjai,                toll road sections.
     Kuala Tanjung-Tebing Tinggi-Parapat, dan Indrapura-
     Kisaran.

•    Prospek Usaha                                                    •    Business Prospects
     Di masa yang akan datang, pertumbuhan kinerja                         In the future, the growth of the Medan-Kualanamu-
     ruas Medan-Kualanamu-Tebing Tinggi ditopang oleh                      Tebing Tinggi route will be supported by increased
     meningkatnya aktivitas penerbangan di Bandara                         flight activity at Kualanamu International Airport and the
     Internasional Kualanamu dan terintegrasinya ruas                      integration of this route with the Medan-Kualanamu-
     ini dengan ruas Medan-Kualanamu-Tebing Tinggi,                        Tebing Tinggi, Medan-Binjai, Kuala Tanjung-Tebing
     Medan-Binjai, Kuala Tanjung-Tebing Tinggi-Parapat,                    Tinggi-Parapat, and Indrapura-Kisaran routes. In
     dan Indrapura-Kisaran. Selain itu, adanya kawasan                     addition, the Kuala Tanjung Port area, the Sei Mangkei
     Pelabuhan Kuala Tanjung dan Kawasan Ekonomi Khusus                    Special Economic Zone, and Lake Toba are among the
     Sei Mangkei serta Danau Toba menjadi 10 (sepuluh)                     10 (ten) priority tourist destinations in Indonesia.
     destinasi prioritas wisata di Indonesia.

Nusa Dua-Ngurah Rai-Benoa (PT Jasamarga Bali Tol)                     Nusa Dua-Ngurah Rai-Benoa (PT Jasamarga Bali Toll Road)
•    Analisis Kinerja                                                 •    Performance Analysis
     Volume lalu lintas transaksi dan pendapatan tol                       The volume of traffic transactions and toll revenue
     tercatat meningkat dibandingkan dengan tahun                          increased compared to the previous year, influenced
     sebelumnya, yang dipengaruhi oleh meningkatnya                        by an increase in domestic and foreign tourist visits, as
     kunjungan wisatawan domestik dan mancanegara, dan                     well as an increase in state, national, and international
     meningkatnya kegiatan kenegaraan maupun kegiatan                      activities.
     nasional dan internasional.




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Ikhtisar Kinerja Utama       Laporan Manajemen    Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report    Company Profile          Management Discussion and Analysis       Business Support Functions




•    Prospek Usaha                                                   •   Business Prospects
     Di masa yang akan datang pertumbuhan kinerja ruas                   In the future, the growth of the Nusa Dua-Ngurah
     Nusa Dua-Ngurah Rai-Benoa ditopang oleh pemulihan                   Rai-Benoa section will be supported by the recovery
     sektor pariwisata dan rencana pembangunan jalan                     of the tourism sector and plans to build the Badung
     Lingkar Selatan Badung, jalan tol Gilimanuk-Mengwi,                 Southern Ring Road, the Gilimanuk-Mengwi toll road, the
     pengembangan Pelabuhan Benoa, pengembangan                          development of Benoa Port, the development of I Gusti
     Bandara I Gusti Ngurah Rai, dan pembangunan Kawasan                 Ngurah Rai Airport, and the construction of the Sanur
     Ekonomi Khusus (KEK) Sanur.                                         Special Economic Zone (KEK).

Balikpapan-Samarinda (PT Jasamarga Balikpapan                        Balikpapan-Samarinda (PT Jasamarga Balikpapan
Samarinda)                                                           Samarinda)
•    Analisis Kinerja                                                •   Performance Analysis
     Penurunan pendapatan tol yang terjadi terutama                      The decrease in toll revenue was mainly influenced by
     dipengaruhi oleh penurunan mobilitas masyarakat di                  reduced mobility among the population in the Balikpapan
     wilayah Balikpapan dan Samarinda, serta penurunan                   and Samarinda areas, as well as decreased activity in
     aktivitas Ibu Kota Negara (IKN) baru.                               the new national capital.

•    Prospek Usaha                                                   •   Business Prospects
     Di masa yang akan datang pertumbuhan kinerja ruas                   In the future, traffic growth on the Balikpapan-Samarinda
     Balikpapan-Samarinda akan meningkat ditopang oleh                   route will increase, supported by regional and industrial
     pengembangan wilayah dan industri di area Balikpapan                development in the Balikpapan and Samarinda areas, as
     dan Samarinda, serta adanya rencana pengembangan                    well as plans to develop a new national capital and the
     Ibu Kota Negara (IKN) baru dan pengoperasian akses                  operation of a toll road to the new national capital.
     jalan tol menuju ke Ibu Kota Negara (IKN) baru.

Manado-Bitung (PT Jasamarga Manado Bitung)                           Manado-Bitung (PT Jasamarga Manado Bitung)
•    Analisis Kinerja                                                •   Performance Analysis
     Volume lalu lintas tercatat meningkat dibandingkan                  Traffic volume increased compared to the previous
     dengan tahun sebelumnya dipengaruhi oleh adanya                     year, influenced by various national and international
     berbagai kegiatan nasional dan internasional selama                 events during 2025, such as the GMIM Independence
     tahun 2025 seperti Ibadah Syukur HUT-RI GMIM, Lomba                 Day Thanksgiving Service, the 2025 GMIM Synod Choir
     Paduan Suara se-Sinode GMIM 2025, Drag Bike Kabo                    Competition, the 2025 Kabo Drag Bike Race, and the
     2025, dan Festival Pesona Selat Lembeh 2025.                        2025 Lembeh Strait Festival.

•    Prospek Usaha                                                   •   Business Prospects
     Di masa yang akan datang, pertumbuhan kinerja                       In the future, the growth in performance of the Manado-
     ruas Manado-Bitung akan meningkatkan pendapatan                     Bitung route will increase the Company’s revenue with
     Perseroan dengan tersambungnya ruas Manado-                         the connection of the Manado-Danowudu route and
     Danowudu dan pengembangan wilayah di Manado dan                     regional development in Manado and Bitung, one of
     Bitung, salah satunya dengan rencana pengembangan                   which is the planned development of the Bitung Special
     Kawasan Ekonomi Khusus (KEK) Bitung dan                             Economic Zone (KEK) and the development of tourism
     pengembangan pariwisata di pulau Lembeh.                            on Lembeh Island.

Jogja-Solo (PT JMJ)                                                  Yogyakarta-Solo (PT JMJ)
•    Analisis Kinerja                                                •   Performance Analysis
     Pada tahun 2025, Jogja-Solo Seksi 1.2A mulai beroperasi             In 2025, the Jogja-Solo Section 1.2A will begin operations
     dan memberikan kontribusi terhadap pendapatan tol                   and contribute to toll revenue in line with the mobility of
     seiring dengan mobilitas masyarakat yang menggunakan                people using the toll road.
     ruas tol tersebut.

•    Prospek Usaha                                                   •   Business Prospects
     Di masa yang akan datang pertumbuhan kinerja ruas                   In the future, the growth in performance of the
     Jogja-Solo akan dapat mendorong kelancaran arus lalu                Yogyakarta-Solo route will improve traffic flow in
     lintas di area selatan Jawa Tengah dan meningkatkan                 southern Central Java and boost the economy in the
     perekonomian di wilayah tersebut. Dengan demikian                   region. This will lead to an increase in the Company’s
     dapat mendorong peningkatan pendapatan Perseroan                    revenue going forward.
     ke depannya.

PT Jasamarga Transjawa Tol (JTT)                                     PT Jasamarga Transjawa Tol (JTT)
•    Analisis Kinerja                                                •   Performance Analysis
     Volume lalu lintas transaksi di sepanjang ruas jalan tol            Traffic volume along the Transjawa toll road experienced
     Transjawa mengalami penurunan dibandingkan dengan                   a decline compared to the previous year, which was
     tahun sebelumnya yang dipengaruhi oleh penurunan                    influenced by a decrease in traffic volume on the
     volume lalu lintas pada ruas segmen/APJT pada                       segment/APJT on the PT Jasamarga Transjawa Toll road.
     ruas PT Jasamarga Transjawa Tol.


332                                                                       Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 333
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




•    Prospek Usaha                                                    •    Business Prospects
     Ke depan pertumbuhan pendapatan tol untuk ruas                        Going forward, toll revenue growth for the Jakarta-
     Jakarta-Cikampek akan ditopang oleh pengembangan                      Cikampek section will be supported by regional
     wilayah di area sekitar koridor ruas Jakarta-Cikampek,                development in the area surrounding the Jakarta-
     peningkatan sistem jaringan jalan tol antara lain                     Cikampek corridor, improvements to the toll road
     konektivitas Transjawa, dioperasikannya ruas Jalan                    network system, including Transjawa connectivity,
     Layang MBZ Sheikh Mohamed Bin Zayed, dan                              the operation of the MBZ Sheikh Mohamed Bin Zayed
     pembangunan ruas Jakarta-Cikampek Selatan serta                       Flyover, and the construction of the Jakarta-Cikampek
     Jakarta Outer Ring Road (JORR) 2. Seiring dengan                      Selatan section and the Jakarta Outer Ring Road
     telah tersambungnya ruas lainnya dalam Jalan tol Trans                (JORR) 2. With the completion of other sections of the
     Jawa mulai dari Jawa Barat hingga Jawa Timur dan                      Trans-Java Toll Road from West Java to East Java and
     pengembangan wilayah di daerah sekitarnya, maka                       regional development in the surrounding areas, traffic
     volume lalu lintas diharapkan dapat semakin meningkat                 volume is expected to increase and support the overall
     dan dapat mendukung kinerja PT Jasamarga Transjawa                    performance of PT Jasamarga Transjawa Tol (JTT) in the
     Tol (JTT) secara keseluruhan di masa yang akan datang.                future.

Ventura Bersama                                                       Joint Ventures

Ulujami-Kebon Jeruk (PT Marga Lingkar Jakarta)                        Ulujami-Kebon Jeruk (PT Marga Lingkar Jakarta)
•    Analisis Kinerja                                                 •    Performance Analysis
     Volume lalu lintas mengalami penurunan dibandingkan                   Traffic volume decreased compared to the previous
     tahun sebelumnya dikarenakan adanya peningkatan                       year due to increased road connectivity. However,
     konektivitas jalan baru. Namun di sisi pendapatan tol                 toll revenue remained stable, a positive impact of the
     dapat terjaga yang juga merupakan dampak positif                      previous year’s tariff adjustment.
     penyesuaian tarif pada tahun sebelumnya.

     Dari aspek profitabilitas, laba usaha mengalami                       In terms of profitability, operating profit declined due to
     penurunan dikarenakan adanya perubahan proyeksi                       changes in traffic volume projections, which resulted in
     volume lalin yang mengakibatkan adanya peningkatan                    an increase in amortisation expenses and an increase
     beban amortisasi serta adanya peningkatan program                     in overlay programmes in order to accelerate the tariff
     overlay dalam rangka percepatan proses penyesuaian                    adjustment process.
     tarif.

•    Prospek Usaha                                                    •    Business Prospects
     Di masa yang akan datang pertumbuhan kinerja ruas                     In the future, the growth of the JORR W2 North toll
     JORR W2 Utara ditopang oleh konektivitas dengan jalan                 road will be supported by connectivity with the Depok-
     tol Depok-Antasari dan pengembangan wilayah di area                   Antasari toll road and regional development in the
     Tangerang sehingga akan menimbulkan bangkitan lalu                    Tangerang area, which will generate new traffic to the
     lintas baru terhadap volume lalu lintas JORR.                         JORR.


Segmen Usaha Pengoperasian                                            Operations Business Segment
Dalam rangka mengoptimalkan aset yang dimiliki, Perseroan             To optimize its assets, the Company is developing its toll
melakukan pengembangan bisnis jasa pengoperasian jalan                road operations business. The Company has established
tol. Perseroan telah membentuk Entitas Anak yang bergerak             a subsidiary engaged in the toll road operation business,
dalam bisnis pengoperasian jalan tol, yaitu PT Jasamarga              namely PT Jasamarga Tollroad Operator (JMTO). PT JMTO
Tollroad Operator (JMTO). PT JMTO memperoleh kontrak                  has obtained toll road operation contracts managed by
pengoperasian jalan tol yang dikelola oleh Regional dan               Regional and Jasa Marga Subsidiaries, as well as other Toll
Entitas Anak Jasa Marga, serta Badan Usaha Jalan Tol lain             Road Business Entities, for a total of 41 toll road sections,
sejumlah 41 ruas tol, yang terdiri dari 34 ruas tol Jasa Marga        consisting of 34 Jasa Marga Group toll roads and seven
Grup dan 7 ruas Non-Jasa Marga Grup dengan 39 ruas                    Non-Jasa Marga Group toll roads, with 39 toll roads already
telah beroperasi dan 2 ruas belum beroperasi. Ruas-ruas               in operation and two toll roads not yet in operation. The toll
yang dioperasikan oleh PT JMTO dapat dilihat pada bagian              roads operated by PT JMTO are available in the Products
penjelasan Produk dan Jasa di Bab Profil Perusahaan dalam             and Services section of the Company Profile chapter in this
Laporan Tahunan ini.                                                  Annual Report.

PT JMTO memiliki tiga lini bisnis usaha, yaitu:                       PT JMTO has three business lines, namely:
1. Pengoperasian Jalan Tol yang terdiri dari:                         1. Toll Road Operation, which includes:
   a. Layanan Transaksi                                                  a. Transaction Services
      Layanan transaksi yang disediakan PT JMTO meliputi                     The transaction services provided by PT JMTO
      perencanaan, pengelolaan dan pelaksanaan layanan                       include planning, management, and implementation
      transaksi pengoperasian jalan tol. Contoh jasa                         of toll road operations. Examples of transaction
      transaksi, antara lain: Pelayanan Pengumpulan Tol,                     services include: Toll Collection Services, shuttle
      sewa kendaraan shuttle, consumables, dan lain-lain.                    vehicle rentals, consumables, and others.



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Ikhtisar Kinerja Utama       Laporan Manajemen     Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report     Company Profile          Management Discussion and Analysis       Business Support Functions




     b. Layanan Lalu Lintas                                              b. Traffic Services
        Layanan lalu lintas yang disediakan PT JMTO                         The traffic services provided by PT JMTO include
        meliputi perencanaan, pengelolaan dan pelaksanaan                   planning, management, and implementation on
        pelayanan lalu lintas di jalan tol. Contoh layanan                  toll roads. Examples of traffic services include:
        lalu lintas, antara lain: sewa kendaraan operasional                operational vehicle rentals (patrol, towing, rescue,
        (patroli, derek, rescue, ambulance, kamtib, Patroli                 ambulance, security, Highway Patrol/PJR), radio
        Jalan Raya/PJR), sewa radio komunikasi, dan lain-lain.              communication rentals, and others.
     c. Layanan Pemeliharaan                                             c. Maintenance Services
        Layanan pemeliharaan yang disediakan PT JMTO                        The maintenance services provided by PT JMTO
        meliputi perencanaan, pengelolaan, dan pelaksanaan                  include planning, management, and implementation
        pemeliharaan rutin jalan tol. Contoh layanan                        of routine toll road maintenance. Examples of
        pemeliharaan, antara lain: pengaturan layanan                       maintenance services include: maintenance service
        pemeliharaan, pemeliharaan kantor dan gerbang tol,                  arrangements, maintenance of toll offices and gates,
        dan layanan pemeliharaan lainnya.                                   and other maintenance services.

2. Layanan Berbasis Teknologi Informasi                               2. Information Technology-Based Services
   Layanan Berbasis Teknologi Informasi yang disediakan                  Information Technology-Based Services provided by
   PT JMTO, antara lain mencakup:                                        PT JMTO include:
   a. Pemasangan dan pemeliharaan peralatan tol.                         a. Installation and maintenance of toll equipment.
   b. Pemasangan dan pemeliharaan CCTV.                                  b. Installation and maintenance of CCTV.
   c. Pemasangan dan pemeliharaan Dynamic Message                        c. Installation and maintenance of Dynamic Message
      Signs (DMS) atau papan informasi berbasis display                      Signs (DMS) or matrix display-based information
      matrix yang berfungsi memberikan informasi terkini                     boards that provide up-to-date information about
      seputar jalan tol secara cepat.                                        the toll road quickly.
   d. Penyedia dan pemeliharaan mobile reader yang                       d. Provision and maintenance of mobile readers that
      berfungsi mengurangi kemacetan karena transaksi                        reduce congestion by enabling transactions to be
      dilakukan melalui alat tap uang elektronik yang                        carried out using electronic money tap devices
      dibawa oleh petugas menghampiri mobil-mobil yang                       carried by officers who approach vehicles queuing
      mengantre di gerbang tol.                                              at toll gates.
   e. Penyedia peralatan penimbang kendaraan.                            e. Supply of vehicle weighing equipment.
   f. Penyedia Layanan One Call Center 133 dan                           f. Provision of the One Call Center 133 and the
      Pusat Informasi Pengendalian Lalu Lintas terpadu                       Integrated Traffic Control Information Center
      (Jasamarga Tollroad Command Center).                                   (Jasamarga Tollroad Command Center).
   g. Penyedia solusi seat management.                                   g. Seat management solution provider.

3. Electronic Toll Collection                                         3. Electronic Toll Collection
   Layanan Electronic Toll Collection yang disediakan JMTO               Electronic Toll Collection services provided by JMTO
   antara lain layanan pengelolaan nontunai (e-payment)                  include cashless management services (e-payment)
   dengan memanfaatkan settlement monitoring tool,                       using settlement monitoring tools, implementation of
   implementasi Automatic Vehicle Classification (AVC),                  Automatic Vehicle Classification (AVC), contactless
   layanan teknologi nirsentuh Single Lane Free Flow (SLFF)              Single Lane Free Flow (SLFF) technology based on
   berbasis Radio-Frequency Identification (RFID) (Travoy                Radio-Frequency Identification (RFID) (Travoy Go), and
   Go), dan fitur resi digital pada Travoy apps. Selain itu,             digital receipt features in the Travoy app. In addition,
   PT JMTO juga memiliki berbagai bisnis baru yang                       PT JMTO also has various new businesses, including
   meliputi sistem pembayaran yang terintegrasi dengan                   payment systems integrated with payment gateways
   payment gateway (Travoy Pay), dan pengelolaan parkir                  (Travoy Pay) and parking management (Travoy Park).
   (Travoy Park).

Kinerja Segmen Usaha Pengoperasian                                    Operations Business Segment Performance

PT JMTO terus mendapatkan kepercayaan untuk                           PT JMTO continues to earn trust to operate toll roads thanks
mengoperasikan jalan tol berkat kapasitas dan keunggulan              to its capacity and excellence. In 2025, the length of toll
yang dimilikinya. Di tahun 2025, terdapat penambahan                  roads operated by PT JMTO was extended by 7.85 km, i.e.,
panjang ruas tol yang dioperasikan oleh PT JMTO yaitu ruas            the Jogja-Solo toll road.
Jogja – Solo sepanjang 7,85 km.

Kontrak manajemen pada ruas tol Jasa Marga Grup, antara               Management contracts for Jasa Marga Group toll roads
lain:                                                                 include:
• Ruas Jakarta – Bogor – Ciawi;                                       • Jakarta – Bogo r– Ciawi Toll Road;
• Ruas JORR seksi E, W2S dan Ulujami – Pondok Aren;                   • JORR sections E, W2S, and Ulujami – Pondok Aren Toll
                                                                          Roads;
•    Ruas Dalam Kota, Sedyatmo dan Jakarta – Tangerang;               • Inner City, Sedyatmo, and Jakarta – Tangerang Toll Roads;
•    Ruas Cikampek – Padalarang dan Padalarang - Cileunyi;            • Cikampek – Padalarang and Padalarang – Cileunyi Toll
                                                                          Roads;



334                                                                       Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




•    Ruas Belawan – Medan – Tanjung Morawa;                                    •    Belawan – Medan – Tanjung Morawa Toll Road;
•    Ruas Jakarta – Cikampek;                                                  •    Jakarta – Cikampek Toll Road;
•    Ruas Surabaya – Gempol;                                                   •    Surabaya – Gempol Toll Road;
•    Ruas Semarang A, B, C;                                                    •    Semarang A, B, C Toll Roads;
•    Ruas Palimanan – Kanci;                                                   •    Palimanan – Kanci Toll Road;
•    Ruas Kebon Jeruk – Ulujami                                                •    Kebon Jeruk – Ulujami Toll Road
•    Ruas Bogor Outer Ring Road;                                               •    Bogor Outer Ring Road Toll Road;
•    Ruas Kunciran – Serpong;                                                  •    Kunciran – Serpong Toll Road;
•    Ruas Cengkareng – Batuceper – Kunciran                                    •    Cengkareng – Batuceper – Kunciran Toll Road;
•    Ruas Serpong – Cinere;                                                    •    Serpong – Cinere Toll Road;
•    Ruas Medan – Kualanamu – Tebing Tinggi;                                   •    Medan – Kualanamu – Tebing Tinggi Toll Road;
•    Ruas Nusa Dua – Tanjung Benoa;                                            •    Nusa Dua – Tanjung Benoa Toll Road;
•    Ruas Balikpapan – Samarinda;                                              •    Balikpapan – Samarinda Toll Road;
•    Ruas Manado – Bitung;                                                     •    Manado – Bitung Toll Road;
•    Ruas Jogja – Solo;                                                        •    Jogja – Solo section;
•    Ruas Jalan Layang MBZ Sheikh Mohamed Bin Zayed;                           •    MBZ Sheikh Mohamed Bin Zayed Elevated Road Toll Road;
•    Ruas Semarang – Solo;                                                     •    Semarang – Solo Toll Road;
•    Ruas Semarang – Batang;                                                   •    Semarang – Batang Toll Road;
•    Ruas Solo – Ngawi;                                                        •    Solo – Ngawi Toll Road;
•    Ruas Surabaya – Mojokerto;                                                •    Surabaya – Mojokerto Toll Road;
•    Ruas Gempol – Pandaan;                                                    •    Gempol – Pandaan Toll Road;
•    Ruas Gempol – Pasuruan;                                                   •    Gempol – Pasuruan Toll Road;
•    Ruas Pandaan – Malang;                                                    •    Pandaan – Malang Toll Road;
•    Ruas Ngawi – Kertosono;                                                   •    Ngawi – Kertosono Toll Road;
•    Ruas Jakarta – Cikampek II Sisi Selatan; dan                              •    Jakarta – Cikampek II South Toll Road; and
•    Ruas Probolinggo – Banyuwangi.                                            •    Probolinggo – Banyuwangi Toll Road.

PT JMTO juga berhasil memperoleh kontrak pengoperasian                         PT JMTO also successfully obtained operating contracts for
pada ruas tol Non Jasa Marga Grup, antara lain:                                toll road sections not managed by the Jasa Marga Group,
                                                                               including:
•    Ruas Krian – Legundi – Bunder – Manyar;                                   • Krian – Legundi – Bunder – Manyar Toll Road;
•    Ruas Cimanggis – Cibitung;                                                • Cimanggis – Cibitung Toll Road;
•    Ruas Bogor – Ciawi – Sukabumi;                                            • Bogor – Ciawi – Sukabumi Toll Road;
•    Ruas Cibitung – Cilincing – Tanjung Priok;                                • Cibitung – Cilincing –Tanjung Priok Toll Road;
•    Ruas Serpong – Balaraja;                                                  • Serpong – Balaraja Toll Road;
•    Ruas Kayu Agung – Palembang – Betung; dan                                 • Kayu Agung – Palembang – Betung Toll Road; and
•    Ruas Semarang – Demak.                                                    • Semarang – Demak Toll Road.

Profitabilitas Segmen Usaha Pengoperasian                                       Operations Business Segment Profitability

Di tahun 2025, segmen usaha pengoperasian membukukan                           In 2025, the operating segment posted an operating profit of
laba usaha sebesar Rp444,3 miliar, mengalami peningkatan                       Rp444.3 billion, an increase of 21.6% from Rp360.2 billion in
23,3% dari tahun 2024 yang sebesar Rp360,2 miliar. Hal                         2024. This was mainly due to an 8.6% increase in operating
tersebut terutama disebabkan oleh adanya kenaikan 8,6%                         revenue compared to the previous year and efficiency
pada pendapatan usaha dibanding tahun sebelumnya dan                           efforts in expenses, which resulted in better margins.
adanya upaya efisiensi terhadap beban sehingga mampu
memberikan margin yang lebih baik



Tabel Kinerja Segmen Usaha Pengoperasian*                                                                                            (dalam juta Rupiah)
Table of Operations Business Segment Performance*                                                                                      (in million Rupiah)



                                                                                                                  Pertumbuhan (Penurunan)
                      Uraian                                    2025                                                   Growth (Decline)
                                                                                          2024
                    Description
                                                                                                                     Rp                   %
 Pendapatan Usaha
                                                                      2.327.287               2.142.978                   184.309                   8,6
 Operating Revenues

 Beban Usaha
                                                                     (1.750.004)            (1.670.004)                   (80.000)                  4,8
 Operating Expenses

 Laba Bruto
                                                                        577.283                472.974                    104.309                  22,1
 Gross Profit

 Beban Umum dan Administrasi
                                                                       (104.123)              (102.623)                    (1.500)                   1,5
 General and Administration Expenses




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Ikhtisar Kinerja Utama             Laporan Manajemen            Profil Perusahaan        Analisa dan Pembahasan Manajemen                Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report            Company Profile          Management Discussion and Analysis              Business Support Functions




Tabel Kinerja Segmen Usaha Pengoperasian*                                                                                                     (dalam juta Rupiah)
Table of Operations Business Segment Performance*                                                                                               (in million Rupiah)



                                                                                                                  Pertumbuhan (Penurunan)
                        Uraian                                     2025                                                Growth (Decline)
                                                                                           2024
                      Description
                                                                                                                     Rp                            %
 Penghasilan (Beban) Lain-Lain
                                                                         (28.890)                (10.177)                    (18.713)                     183,9
 Other Income (Expenses)

 Laba Usaha
                                                                         444.270                 360.174                     84.096                        23,3
 Operating Profit

 Pajak
                                                                        (127.515)               (98.160)                 (29.355)                          29,9
 Pajak

 Laba Bersih
                                                                         308.139                 256.113                     50.026                        20,3
 Net Profit

 Aset
                                                                        1.641.439              1.565.081                     76.358                          4,9
 Assets

 Liabilitas
                                                                         924.083                854.469                       69.614                          8,1
 Liabilities
Keterangan/Note:
*) Angka yang tersaji pada tabel di atas merupakan angka sebelum eliminasi.
*) The figures presented in the table above are pre-elimination figures.




Analisis Kinerja Tahun 2025                                                        2025 Performance Analysis

Pada tahun 2025, segmen usaha pengoperasian jalan                                  In 2025, the toll road operation business segment posted
tol membukukan Pendapatan Usaha sebesar Rp2.237                                    operating revenue of Rp2,237 billion, an increase of 8.6%
miliar, meningkat 8,6% dari tahun sebelumnya yang                                  from the previous year’s Rp2,142 billion. This increase
sebesar Rp2.142 miliar. Peningkatan tersebut didorong                              was driven by the addition of toll road sections operated
atas bertambahnya pengoperasian seksi ruas tol yang                                by PT Jasamarga Tollroad Operator (JMTO) and business
dioperasikan oleh PT Jasamarga Tollroad Operator (JMTO)                            cost control, enabling JMTO to record an operating profit of
serta pengendalian beban usaha sehingga JMTO berhasil                              Rp444.3 billion in 2025, an increase of 23.3% from Rp360.2
mencetak laba usaha tahun 2025 sebesar Rp444,3 miliar,                             billion recorded in 2024.
meningkat 23,3% dari tahun 2024 yang sebesar Rp360,2
miliar.

Prospek Usaha Segmen Usaha Pengoperasian                                           Operations Segment Business Prospects

Seiring dengan bertambahnya pengoperasian ruas-                                    As more new toll road sections come into operation in
ruas tol baru di Indonesia, prospek usaha segmen                                   Indonesia, the business prospects for the toll road operation
usaha pengoperasian juga akan semakin baik yang akan                               segment will also improve, with the potential to increase
berpotensi meningkatkan pendapatan usaha. Untuk                                    business revenue. To maintain its business sustainability as
menjaga keberlanjutan bisnis sebagai pemimpin di bidang                            a leader in toll road operation in Indonesia, PT JMTO focuses
pengoperasian jalan tol di Indonesia, PT JMTO berfokus                             on integrated toll road operation services by providing
pada layanan pengoperasian jalan tol yang terpadu                                  operation services, toll equipment, and information and
dan terintegrasi dengan menyediakan layanan operasi,                               communication systems (sisinfokom) based on information
peralatan tol serta sistem informasi dan komunikasi                                technology, thereby providing comprehensive toll road
(sisinfokom) berbasis teknologi informasi, sehingga                                operation services (one-stop solution). In addition, as an
memberikan layanan pengoperasian jalan tol secara                                  effort to increase digitalization, PT JMTO has developed
menyeluruh (one stop solution). Selain itu juga, sebagai                           the Travoy Apps, which consists of several features such as
upaya peningkatan digitalisasi PT JMTO mengembangkan                               Travoy Go, Travoy Pay, Travoy Park, and others, which will
Travoy Apps yang terdiri dari beberapa fitur seperti Travoy                        become a new revenue stream in the Toll Road Operation
Go, Travoy Pay, Travoy Park dan lainnya yang akan menjadi                          sector. From the toll road operation side, to strengthen
revenue stream baru di bidang Pengoperasian Jalan                                  and expand its business scale, PT JMTO will continue
Tol. Dari sisi pengoperasian jalan tol, untuk memperkuat                           to participate in or follow open auctions for new toll road
dan memperbesar skala bisnisnya, PT JMTO akan terus                                sections owned by BUJT other than the Jasa Marga Group.
senantiasa melaksanakan atau mengikuti lelang terbuka
pada ruas jalan tol baru milik BUJT selain Jasa Marga Grup.




336                                                                                    Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Segmen Usaha Preservasi                                               Preservation Business Segment
Selain melakukan pengembangan usaha jasa pengoperasian                In addition to developing toll road operations services, the
jalan tol, Perseroan juga terus mengoptimalkan aset yang              Company continues to optimize its assets by providing toll
dimiliki dengan menjalankan bisnis jasa preservasi jalan              road preservation services. This is done by establishing
tol. Hal ini dilakukan dengan membentuk Entitas Anak                  a subsidiary engaged in toll road preservation, namely
yang bergerak dalam bisnis preservasi jalan tol, yaitu                PT Jasamarga Tollroad Maintenance (JMTM). In addition
PT Jasamarga Tollroad Maintenance (JMTM). Di samping                  to carrying out toll road preservation work within the Jasa
melaksanakan pekerjaan preservasi jalan tol di Jasa Marga             Marga Group, PT JMTM also provides construction services
Grup, PT JMTM juga memberikan layanan jasa konstruksi                 both within and outside the Jasa Marga Group.
baik di dalam maupun di luar Jasa Marga Grup.

Tujuan dari pendirian PT JMTM adalah untuk:                           The purpose of establishing PT JMTM is to:
1. Memiliki kemampuan dalam pengelolaan pemenuhan                     1. Possess the ability to manage compliance with Minimum
    Standar Pelayanan Minimal (SPM) jalan tol yang menjadi               Service Standards (SPM) for toll roads, which is a key
    aspek utama BUJT dalam pengoperasian jalan tol. SPM                  aspect of BUJT in toll road operations. These SPMs
    ini merupakan indikator terpenting dalam memberikan                  are the most important indicators for providing quality
    kualitas pelayanan kepada pengguna jalan tol dan                     service to toll road users and influence tariff adjustments
    mempengaruhi terhadap penyesuaian tarif untuk setiap                 for each section of the toll road in operation.
    ruas jalan tol yang telah beroperasi.
2. Memberikan nilai lebih dari segi efisiensi biaya preservasi        2. Providing added value in terms of preservation cost-
    kepada BUJT. Biaya Preservasi merupakan biaya yang                   efficiency for BUJT. Preservation costs are expenses
    perlu dikelola dengan cermat agar tidak menggerus                    that must be managed carefully to avoid eroding BUJT’s
    pendapatan tol BUJT.                                                 toll revenue.
3. Memaksimalkan potensi bisnis jasa preservasi yang                  3. Maximizing the potential of the preservation service
    terus meningkat dengan bertambahnya panjang jalan                    business, which continues to grow with the increase in
    tol yang beroperasi. BUJT yang telah menyelesaikan                   the length of toll roads in operation. BUJT, which has
    konstruksi jalan tol dan masuk dalam fase operasional                completed the construction of toll roads and entered the
    akan membutuhkan pihak ketiga dalam melakukan                        operational phase, will require a third party to carry out
    preservasi jalan tol untuk memenuhi SPM.                             toll road preservation to meet SPM requirements.

Di samping melaksanakan pekerjaan preservasi jalan tol di             In addition to carrying out toll road preservation work within
Jasa Marga Grup, PT JMTM juga memberikan layanan jasa                 the Jasa Marga Group, PT JMTM also provides toll road
preservasi jalan tol dan konstruksi baik di dalam maupun di           preservation and construction services both within and
luar Jasa Marga Grup.                                                 outside the Jasa Marga Group.

Layanan dan produk preservasi yang disediakan oleh JMTM               The preservation services and products provided by JMTM
terdiri dari:                                                         include:
1. Layanan manajemen aset: layanan preservasi jalan                   1. Asset management services: comprehensive toll road
    tol secara komprehensif dalam rangka pemenuhan                        preservation services to meet toll road SPM, including
    SPM jalan tol yang meliputi kegiatan perencanaan dan                  toll road preservation planning and implementation
    pelaksanaan preservasi jalan tol;                                     activities;
2. Layanan preservasi infrastruktur: layanan jasa pekerjaan           2. Infrastructure preservation services: civil engineering
    sipil jalan, jembatan, dan infrastruktur lain serta sarana            services for roads, bridges, and other infrastructure, as
    pelengkap jalan tol;                                                  well as toll road supporting facilities;
3. Layanan survei & pengukuran: layanan pengukuran                    3. Survey & measurement services: services for measuring
    ketidakrataan dan kekesatan jalan, assessment element                 road unevenness and roughness, bridge element
    jembatan, dan iRAP assessment dengan memanfaatkan                     assessment, and iRAP assessment using Hawkeye 2000
    Hawkeye 2000 dan Bridge Inspection; dan                               and Bridge Inspection; and
4. Material dan alat berat: penyediaan material seperti               4. Materials and heavy equipment: provision of materials
    aspal hotmix dan coldmix yang telah tersertifikasi TKDN               such as hot mix and cold mix asphalt that have been
    serta sewa alat berat.                                                TKDN certified, as well as heavy equipment rental.

Untuk mencapai tujuan sebagai service provider yang andal             To achieve its goal of becoming a reliable and trusted service
dan terpercaya, PT JMTM mulai melakukan investasi di                  provider, PT JMTM has begun investing in technology,
bidang teknologi, antara lain dengan melakukan pembelian              including the purchase of Road Inspection Hawkeye 2000
Road Inspection Hawkeye 2000 dan Bridge Inspection.                   and Bridge Inspection. The Road Inspection Hawkeye 2000
Road Inspection Hawkeye 2000 dioperasikan menggunakan                 uses a system that integrates several specific sensors to
sistem yang mengintegrasikan beberapa peralatan sensor                obtain data on road condition characteristics and is equipped
yang spesifik untuk mendapatkan data karakteristik                    with Automatic Crack Detection, which automatically




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Ikhtisar Kinerja Utama         Laporan Manajemen     Profil Perusahaan        Analisa dan Pembahasan Manajemen              Fungsi Penunjang Bisnis
Main Performace Highlights     Management Report     Company Profile          Management Discussion and Analysis            Business Support Functions




kondisi jalan dan telah dilengkapi dengan Automatic Crack               detects cracks and potholes. This technology can help
Detection sehingga alat ini mampu mendeteksi retak dan                  perform an inventory of toll road asset data and assess
lubang secara otomatis. Teknologi ini dapat membantu untuk              toll road conditions accurately, effectively, and efficiently.
melakukan inventarisasi data aset jalan tol dan penilaian               The data generated can then be used to develop a toll road
kondisi jalan tol secara akurat, efektif, dan efisien. Data             preservation program to achieve optimal preservation costs.
yang dihasilkan kemudian dapat digunakan untuk menyusun
program preservasi jalan tol sehingga dapat diperoleh biaya
preservasi yang optimal.

Bridge Inspection dioperasikan sebagai platform atau                    Bridge Inspection is operated as a platform or tool to inspect
alat bantu untuk melakukan pengecekan/inspeksi kondisi                  the condition of both short and long spans of bridges at
jembatan baik bentang pendek maupun bentang panjang                     heights difficult to reach from below. This platform can
pada ketinggian yang sulit terjangkau dari bawah jembatan.              assist with detailed physical inspections of bridge elements,
Platform ini secara detil dapat membantu pemeriksaan                    such as bearing pad inspections, cracks and defects in
kondisi fisik elemen jembatan, seperti pemeriksaan bearing              girders and bridge piers, and support bridge preservation
pad, retak dan cacat pada girder, pier jembatan serta                   activities, including cleaning around pierheads, coating,
mendukung preservasi jembatan seperti pembersihan                       bolt tightening, vegetation removal, and comprehensive
sekitar pierhead, coating, pengencangan baut, pembersihan               bridge health monitoring. The results of bridge condition
tanaman, serta pemantauan kesehatan jembatan secara                     inspections can then be used to develop bridge preservation
menyeluruh. Hasil dari inspeksi kondisi jembatan kemudian               programs with optimal preservation costs.
dapat digunakan untuk menyusun program preservasi
jembatan dengan biaya preservasi yang optimal.

Kinerja Segmen Usaha Preservasi                                         Preservation Business Segment Performance

Di tahun 2025, segmen usaha preservasi membukukan                       In 2025, the preservation business segment recorded
pendapatan usaha sebesar Rp3.342,2 miliar, meningkat                    operating revenue of Rp3,342.2 billion, an increase of 31.17%
31,17% dari tahun sebelumnya yang sebesar Rp2.548,0                     from the previous year’s Rp2,548.0 billion. This was mainly
miliar. Hal ini terutama disebabkan oleh kenaikan pada                  due to an increase in the contract management business
segmen usaha kontrak manajemen dikarenakan pada tahun                   segment because in 2025 there will be several toll road
2025 terdapat beberapa ruas jalan tol yang akan melakukan               sections that will adjust their tariffs, thereby increasing the
penyesuaian tarif sehingga lingkup dan volume pekerjaan                 scope and volume of work.
bertambah.

Daftar pekerjaan yang dikerjakan oleh PT JMTM di tahun                  The list of projects undertaken by PT JMTM in 2025 is
2025 dapat dilihat pada bagian Produk dan Jasa di Bab                   available in the Products and Services section of the
Profil Perusahaan dalam Laporan Tahunan ini.                            Company Profile chapter in this Annual Report.

Profitabilitas Segmen Usaha Preservasi                                   Preservation Business Segment Profitability

Pada tahun 2025, segmen usaha preservasi membukukan                     In 2025, the preservation business segment posted an
laba usaha sebesar Rp293,9 miliar, meningkat 26,06%                     operating profit of Rp293.9 billion, an increase of 26.06%
dari tahun 2024 yang tercatat sebesar Rp233,1 miliar. Hal               from 2024, which was recorded at Rp233.1 billion. This was
tersebut dikarenakan adanya efisiensi yang dilakukan atas               due to efficiencies made in direct expenses, which resulted
beban langsung sehingga mampu memberikan margin yang                    in better margins. In addition, fund management, such as
lebih baik. Selain itu, pengelolaan dana seperti penempatan             deposit placements, also contributed significantly to the
deposito juga memberikan kontribusi yang cukup signifikan               profitability of the preservation business segment.
bagi profitabilitas segmen usaha preservasi.

Tabel Kinerja Segmen Usaha Preservasi*                                                                                           (dalam juta Rupiah)
Table of Preservation Business Segment Performance                                                                                 (in million Rupiah)



                                                                                                       Pertumbuhan (Penurunan)
                        Uraian                          2025                                                Growth (Decline)
                                                                                2024
                      Description
                                                                                                          Rp                          %
 Pendapatan Usaha
                                                            1.404.944               1.014.748                  390.196                        38,5
 Operating Revenues

 Beban Usaha
                                                          (1.005.254)               (690.377)                (314.877)                        45,6
 Operating Expenses

 Laba Bruto
                                                              399.690                 324.371                     75.319                      23,2
 Gross Profit

 Beban Umum dan Administrasi
                                                             (152.931)              (130.053)                  (22.878)                        17,6
 General and Administration Expenses




338                                                                          Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 339
06                                  07                                         08
Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




Tabel Kinerja Segmen Usaha Preservasi*                                                                                                (dalam juta Rupiah)
Table of Preservation Business Segment Performance                                                                                      (in million Rupiah)



                                                                                                                    Pertumbuhan (Penurunan)
                       Uraian                                      2025                                                  Growth (Decline)
                                                                                           2024
                     Description
                                                                                                                       Rp                  %
 Penghasilan (Beban) Lain-Lain
                                                                          68.419                   50.083                    18.336                 57,1
 Other Income (Expenses)

 Laba Usaha
                                                                          315.178                244.401                     70.777                29,0
 Operating Profit

 Aset
                                                                       2.853.050                2.336.181                   516.869                 22,1
 Assets

 Liabilitas Segmen
                                                                       2.059.367                1.634.297                   425.070                26,0
 Segment Liability
 Keterangan/Note:
 *) Angka yang tersaji pada tabel di atas merupakan angka sebelum eliminasi.
 *) The figures presented in the table above are pre-elimination figures.




Analisis Kinerja Tahun 2025                                                      2025 Performance Analysis

Pada tahun 2025, pendapatan segmen usaha preservasi                              In 2025, revenue from the preservation business segment
meningkat 38,5% dari tahun sebelumnya dikarenakan hal                            increased by 38.5% from the previous year due to the
hal sebagai berikut:                                                             following factors:
1. Pendapatan Proyek Infrastruktur meningkat karena                              1. Infrastructure Project revenue increased due to
    bertambahnya kontrak pekerjaan yang berhasil diperoleh                            the addition of successful work contracts for 2025,
    untuk tahun 2025 khususnya yang berasal dari luar Jasa                            particularly those originating from outside the Jasa
    Marga Group dan peningkatan kapasitas penggunaan                                  Marga Group, and an increase in the capacity utilization
    Ashplat Mixing Plant melalui program Supply by Owner.                             of the Asphalt Mixing Plant through the Supply by Owner
                                                                                      program.
2. Pendapatan kontrak manajemen meningkat karena                                 2. Contract management revenue increased due to
   terdapat beberapa ruas jalan tol yang akan melakukan                               several toll roads undergoing tariff adjustments, which
   penyesuaian tarif sehingga lingkup dan volume                                      expanded the scope and volume of work.
   pekerjaan bertambah.

Prospek Usaha Segmen Usaha Preservasi                                            Preservation Segment Business Prospects

Pada tahun 2025, PT JMTM mencatatkan perolehan kontrak                           In 2025, PT JMTM recorded the acquisition of motorway
preservasi jalan tol melaui kontrak manajemen sepanjang                          preservation contracts through management contracts
1.134 km dan melalui proyek infrastruktur sepanjang 53 km                        covering 1,134 km and through infrastructure projects
sehingga total preservasi jalan tol sepanjang 1.187 km.                          covering 53 km, bringing the total motorway preservation
                                                                                 to 1,187 km.

Ke depannya, Perseroan optimis bahwa segmen                                      Going forward, the Company is optimistic that the
usaha preservasi akan terus meningkat seiring dengan                             preservation business segment will continue to grow in line
bertambahnya panjang jalan tol yang beroperasi di Indonesia.                     with the lengthening of toll roads operating in Indonesia.
Hal ini dikarenakan BUJT yang telah menyelesaikan                                This is because BUJT, which has completed construction
konstruksi jalan tol dan masuk ke dalam fase operasional                         of toll roads and entered the operational phase, will require
akan membutuhkan pihak ketiga dalam melakukan preservasi                         third parties to maintain the toll roads to ensure compliance
jalan tol untuk memastikan pemenuhan SPM jalan tol.                              with the toll road SPM.

PT JMTM telah mengiImplementasikan teknologi Intelligence                        PT JMTM has implemented the Intelligent Tollroad
Tollroad Maintenance System (ITMS), yang salah satunya                           Maintenance System (ITMS) technology, one of which is
diwujudkan melalui penggunaan Hawkeye 2000. Hawkeye                              realized through the use of Hawkeye 2000. Hawkeye 2000 is
2000 adalah kendaraan khusus berteknologi pintar yang                            a specialized smart-technology vehicle that is highly useful
sangat bermanfaat untuk mendapatkan nilai kondisi jalan,                         for obtaining more accurate road condition, geometric, and
data geometric, dan data asset jalan dengan lebih akurat.                        road asset data. Operating since 2018, the Hawkeye 2000 is
Beroperasi sejak tahun 2018, Hawkeye 2000 tidak hanya                            used not only to survey the condition of Jasa Marga Group
digunakan untuk melakukan survei kondisi jalan tol Jasa                          toll roads in Java but also on non-Jasa Marga Group toll road
Marga Grup di Pulau Jawa tetapi juga pada ruas jalan tol non                     sections. By 2025, the Hawkeye 2000 had processed data
Jasa Marga Grup. Pada tahun 2025, Hawkeye 2000 telah                             on the condition of 5,223 km of toll road lanes managed by
mengolah data kondisi sepanjang 5.223 km lajur jalan tol                         the Jasa Marga Group and 149 km of non-Jasa Marga Group
yang dikelola oleh Jasa Marga Grup dan 149 km lajur jalan                        toll road lanes.
tol non Jasa Marga Grup.


PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                             339
Page 340
01                           02                   03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen    Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report    Company Profile          Management Discussion and Analysis       Business Support Functions




Sistem manajemen jembatan juga telah menggunakan                     The bridge management system also uses the MOOG Bridge
platform Bridge Inspection MOOG dengan tipe gantry.                  Inspection platform with a gantry type. This technology
Teknologi ini membantu dalam proses penilalan kondisi                assists in the process of assessing bridge conditions,
jembatan, perolehan data teknis jembatan serta membantu              obtaining technical bridge data, and helping field personnel
tenaga lapangan untuk dapat mengakses stuktur bawah                  to access under-structure and other components that are
serta komponen lainnya yang sulit dijangkau. Sejumlah                difficult to reach. Some of the conditions that can benefit
kondisi yang bisa memanfaatkan alat inspeksi jembatan                from this bridge inspection tool include bridges with high
ini antara lain jembatan dengan pier yang tinggi, jembatan           piers, bridges over rivers that do not allow for scaffolding or
yang berada di atas sungai sehingga tidak memungkinkan               sky workers to be installed, and bridges with heavy traffic
untuk dipasang perancah atau sky worker serta jembatan               underneath. Currently, Bridge Inspection has been used to
dengan lalu lintas yang padat di bawahnya. Saat ini, Bridge          conduct inspections on several bridges located on toll roads
Inspection telah digunakan untuk melakukan pemeriksaan               owned by Jasa Marga Group and non-Jasa Marga Group,
pada beberapas jembatan yang terdapat pada Ruas Tol milik            such as the Cipularang Toll Road, Semarang Solo Toll Road,
Jasa Marga Grup maupun non Jasa Marga Grup, seperti                  and Tanjung Priok Access Road.
pada Ruas Tol, Cipularang, Semarang Solo, dan Akses
Tanjung Priok.

Penambahan 1 unit AMP baru (Linhoff) yang dilakukan di               The addition of one new AMP unit (Linhoff) in 2025 is
tahun 2025 direncakan untuk perluasan pangsa pasar ke                planned to expand market share in Central Java to meet
wilayah Jawa Tengah untuk memenuhi kebutuhan material                the demand for asphalt materials. The increase in toll roads
aspal. Bertambahnya ruas jalan tol yang akan beroperasi di           operating in Central Java has the potential to boost revenue
wilayah Jawa Tengah merupakan potensi bagi peningkatan               in the preservation business segment.
pendapatan segmen usaha preservasi.


Segmen Usaha Lainnya                                                 Other Business Segments
Jasa Marga menjalankan bisnis segmen usaha lainnya                   Jasa Marga operates other business segments to develop
untuk mengembangkan bisnis prospektif dengan cara                    prospective businesses by optimizing the Company’s assets
mengoptimalkan aset Perseroan di ruang milik jalan tol               in toll road areas (Rumijatol) and along toll roads owned
(Rumijatol) dan di sepanjang jalan tol milik Jasa Marga Grup.        by the Jasa Marga Group. This segment is developed by
Pengembangan segmen ini dilakukan oleh entitas anak                  a subsidiary, PT Jasamarga Related Business (JMRB).
Perusahaan, yaitu PT Jasamarga Related Business (JMRB).              Currently, PT JMRB is developing industrial areas, Toll
Saat ini PT JMRB sedang mengembangkan kawasan industri,              Corridor Development (TCD) with the “Travoy” brand,
perumahan, dan Toll Corridor Development (TCD) dengan                residential areas, and Toll Corridor Development (TCD),
branding “Travoy”, pengelolaan Tempat Istirahat Pelayanan            managing Rest Areas (TIP), building management, and
(TIP), building management, serta bisnis komersil. PT JMRB           commercial businesses. PT JMRB also continues to innovate
juga terus melakukan inovasi dan menjalin kerja sama                 and establish strategic partnerships with partners to
strategis dengan mitra untuk mengembangkan bisnis                    develop other prospective businesses.
prospektif lainnya.

Kinerja Segmen Usaha Lainnya                                         Other Business Segment Performance

Kemajuan bisnis properti PT Jasamarga Related Business               Kemajuan bisnis properti PT Jasamarga Related Business
(JMRB) menunjukkan perkembangan yang signifikan dalam                (JMRB) menunjukkan perkembangan yang signifikan dalam
beberapa tahun terakhir. Hal ini tercermin dari progres              beberapa tahun terakhir. Hal ini tercermin dari progres
pembangunan Toll Corridor Development (TCD) Taman                    pembangunan Toll Corridor Development (TCD) Taman
Mini fase 1, yang telah mencapai tingkat okupansi sebesar            Mini fase 1, yang telah mencapai tingkat okupansi sebesar
83,60%. Keberlanjutan pembangunan fase 2 dan 3 yang                  83.60%. Keberlanjutan pembangunan fase 2 dan 3 yang
akan mencakup area ritel dan rumah sakit hasil kerja                 akan mencakup area ritel dan rumah sakit hasil kerja
sama dengan Brawijaya Healthcare semakin menegaskan                  sama dengan Brawijaya Healthcare semakin menegaskan
komitmen JMRB dalam memperluas portofolio bisnis                     komitmen JMRB dalam memperluas portofolio bisnis
propertinya. Capaian tersebut mencerminkan bahwa JMRB                propertinya. Capaian tersebut mencerminkan bahwa JMRB
terus tumbuh secara masif dan konsisten memperkuat                   terus tumbuh secara masif dan konsisten memperkuat
posisinya sebagai pengembang properti strategis di bawah             posisinya sebagai pengembang properti strategis di bawah
naungan Jasa Marga Group.                                            naungan Jasa Marga Group.

Profitabilitas Segmen Usaha Lainnya                                   Other Business Segment Profitability

Segmen usaha lainnya berhasil membukukan laba usaha                  The other business segment recorded an operating profit of
sebesar Rp70,6 miliar pada tahun 2025, mengalami                     Rp70.6 billion in 2025, marking a 198.21% increase compared
peningkatan 198,21% dibandingkan tahun 2024 yang                     to Rp23.6 billion in 2024.
sebesar Rp23,6 miliar.




340                                                                       Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 341
06                                  07                                            08
Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan              Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility               Reference of POJK, SEOJK, and ARA Criteria




Analisis Kinerja Segmen Usaha Lainnya
Other Business Segment Performance Analysis

Tabel Kinerja Segmen Usaha lainnya*                                                                                                       (dalam juta Rupiah)
Table of Other Business Segment Performance*                                                                                                (in million Rupiah)


                                                                                                                       Pertumbuhan (Penurunan)
                       Uraian                                      2025                                                     Growth (Decline)
                                                                                              2024
                     Description
                                                                                                                          Rp                   %
 Pendapatan Usaha
                                                                       1.043.358                     957.674                    85.684                 8,95
 Operating Revenues

 Beban Usaha
                                                                       (901.467)                   (850.978)                   (50.489)                5,93
 Operating Expenses

 Laba Bruto
                                                                          141.891                    106.696                    35.195                32,99
 Gross Profit

 Beban Umum dan Administrasi
                                                                         (74.954)                   (79.357)                     4.403                -5,55
 General and Administration Expenses

 Penghasilan (Beban) Lain-Lain
                                                                               3.628                  (3.676)                    7.304               -198,7
 Other Income (Expenses)

 Laba Usaha
                                                                          70.565                      23.663                    46.902               198,21
 Operating Profit

 Aset
                                                                       2.449.154                   2.411.058                    38.096                  1,58
 Assets

 Liabilitas Segmen
                                                                         612.487                    632.439                    (19.952)                -3,15
 Segment Liability
 Keterangan/Note:
 *) Angka yang tersaji pada tabel di atas merupakan angka sebelum eliminasi.
 *) The figures presented in the table above are pre-elimination figures.



Prospek Usaha Segmen Usaha Lainnya                                                  Other Segment Business Prospects

Perseroan melihat segmen usaha lainnya memiliki prospek                             The Company sees other business segments as having good
yang baik ke depannya. Perseroan melalui PT JMRB terus                              prospects for the future. Through PT JMRB, the Company
mengkaji dan mengembangkan segmen usaha lainnya agar                                continues to review and develop other business segments
dapat meningkatkan kontribusi pendapatan Perseroan di                               in order to increase the Company’s revenue contribution in
masa yang akan datang. Potensi peningkatan pendapatan                               the future. This potential increase in revenue is supported
ini didukung oleh penambahan pengoperasian jalan tol baru.                          by the addition of new toll road operations.

Salah satu upaya untuk mengembangkan segmen usaha                                   One of the efforts to develop other business segments
lain yaitu mengoptimalisasi aset di sepanjang jalan tol                             is to optimize assets along the Company’s toll roads by
Perseroan, dengan mengembangkan TCD, dengan cara                                    developing TCDs, by exploring cooperation with several
melakukan penjajakan kerja sama dengan beberapa mitra                               strategic partners, both private property companies and
strategis baik perusahaan swasta bidang properti maupun                             synergistic state-owned enterprises. Currently, PT JMRB
sinergi BUMN. Saat ini, PT JMRB tengah fokus melakukan                              is focusing on developing the Taman Mini TCD or Travoy
pengembangan TCD Taman Mini atau Travoy Hub. Travoy                                 Hub. Travoy Hub is a transit-based development, or Transit-
Hub sebagai pengembangan yang berbasis transit, atau                                Oriented Development (TOD), which is the first of its kind
Transit-Oriented Development (TOD) pertama di Indonesia.                            in Indonesia. Travoy Hub is a Rest and Service Area (TIP)
Travoy Hub merupakan pengembangan Tempat Istirahat                                  development that combines the Taman Mini LRT Station with
dan Pelayanan (TIP) yang memadukan Stasiun LRT Taman                                a business center and gathering point for various modes of
Mini dengan pusat bisnis dan gathering point antar moda                             transportation.
transportasi.

Selain itu, PT JMRB juga mengembangkan bisnis komersil di                           In addition, PT JMRB is also developing commercial
sepanjang koridor jalan tol milik Jasa Marga Grup. PT JMRB                          businesses along the toll road corridor owned by the Jasa
terus menjalin kerja sama dengan mitra-mitra strategis                              Marga Group. PT JMRB continues to collaborate with
untuk menambah daya saing dan memperluas cakupan                                    strategic partners to increase competitiveness and expand
pasar khususnya dalam bidang utilitas.                                              market coverage, especially in the utility sector.




PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                                  341
Page 342
01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




PT JMRB senantiasa mengembangkan bisnis usaha lain dan              PT JMRB continues to develop other businesses and keep
mengikuti perkembangan teknologi dengan memanfaatkan                up with technological developments by utilizing digital
teknologi digital dalam rangka memaksimalkan peluang                technology in order to maximize business opportunities and
usaha yang dimiliki serta pelayanan terhadap pelanggan              customer service. In order to improve services to TIP users,
Perseroan. Guna meningkatkan pelayanan kepada pengguna              PT JMRB is taking predictive measures by installing Smart
TIP, PT JMRB melakukan langkah-langkah prediktif dengan             CCTV in toll road TIPs to monitor TIP conditions, as well
memasang Smart CCTV di TIP jalan tol untuk monitoring               as providing Travoy Nitro in rest areas for vehicle nitrogen
kondisi TIP, serta menyediakan Travoy Nitro di rest area            refills.
untuk pengisian nitrogen kendaraan.

PT JMRB turut berkomitmen dalam mengembangkan bisnis                PT JMRB is also committed to developing environmentally
yang ramah lingkungan, salah satunya dengan pemanfaatan             friendly businesses, one of which is through the use of new
energi baru terbarukan melalui pemasangan panel surya di            and renewable energy by installing solar panels at TIP in
TIP yang bekerja sama dengan salah satu mitra potensial.            collaboration with one of its potential partners. In addition,
Selain itu, PT JMRB melakukan pemasangan Stasiun                    PT JMRB has installed Public Electric Vehicle Charging
Pengisian Kendaraan Listrik Umum (SPKLU) di TIP untuk               Stations (SPKLU) at TIP for charging electric vehicles in
pengisian tenaga kendaraan listrik dalam rangka mendukung           order to support the government in increasing the use of
pemerintah dalam meningkatkan penggunaan kendaraan                  more environmentally friendly electric vehicles.
listrik yang lebih ramah lingkungan.

PT JMRB terus berinovasi untuk mendukung pelayanan                  PT JMRB continues to innovate to support safe and
yang aman dan nyaman bagi pengguna TIP dengan                       comfortable services for TIP users by exploring cooperation
menjajaki kerja sama dengan mitra dalam pembangunan                 with partners in the construction of an Executive Lounge,
Executive Lounge yang telah beroperasi tahun 2024. Selain           which has been operational since 2024. In addition, in 2025,
itu, pada tahun 2025, Perseroan melalui PT JMRB telah               the Company, through PT JMRB, inaugurated Brawijaya
meresmikan Brawijaya Hospital sebagai salah satu bagian             Hospital as part of the development of TCD Taman Mini.
dari pengembangan TCD Taman Mini.




342                                                                      Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 343
06                                   07                                        08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Tinjauan Keuangan
Financial Overview

Laporan Keuangan Konsolidasian PT Jasa Marga (Persero)                           The Consolidated Financial Statements of PT Jasa Marga
Tbk dan entitas anaknya yang disajikan sesuai dengan                             (Persero) Tbk and its subsidiaries, presented in accordance
prinsip-prinsip akuntansi keuangan yang berlaku umum                             with generally accepted accounting principles in Indonesia
di Indonesia (PSAK) untuk tahun yang berakhir pada                               (PSAK) for the years ended December 31, 2025, and 2024,
31 Desember 2025 dan 2024 menjadi dasar dalam melakukan                          form the basis for analyzing the Company's financial
analisis atas kinerja keuangan Perseroan. Laporan Keuangan                       performance. The 2025 Financial Statements have been
tahun 2025 telah diaudit oleh Kantor Akuntan Publik (KAP),                       audited by Public Accounting Firm (KAP), and have received
dan memperoleh pendapat/opini wajar, dalam semua hal                             an unqualified opinion in all material respects. Meanwhile,
yang material. Adapun Laporan Keuangan tahun 2024 telah                          the 2024 Financial Statements have been audited by KAP
diaudit oleh KAP Amir Abadi Jusuf, Aryanto, Mawar & Rekan                        Amir Abadi Jusuf, Aryanto, Mawar & Partners, and have
dan memperoleh pendapat/opini wajar, dalam semua hal                             received an unqualified opinion in all material respects.
yang material.

Pemahaman atas uraian tinjauan keuangan yang tersaji                             The understanding of the financial review presented
tetap memperhatikan penjelasan pada Catatan Laporan                              should take into account the explanations in the Notes
Keuangan Konsolidasian (CALK) sebagai bagian yang tidak                          to the Consolidated Financial Statements (CALK), which
terpisahkan dari Laporan Tahunan ini. Analisis terkait kinerja                   are an integral part of this Annual Report. Analysis of the
keuangan Perseroan juga mengacu pada kinerja keuangan                            Company's financial performance also uses the previous
di tahun sebelumnya sebagai data pembanding sehingga                             year's financial performance as comparative data, making
analisis yang disampaikan lebih komprehensif.                                    the analysis presented more comprehensive.


Laporan Posisi Keuangan Konsolidasian
Tabel Laporan Posisi Keuangan Konsolidasian                                                                                             (dalam jutaan Rupiah)
Table of Consolidated Statement of Financial Position                                                                                       (in million Rupiah)



                                                                                                                    Pertumbuhan (Penurunan)
                      Uraian                                      2025                                                   Growth (Decline)
                                                                                           2024
                    Description
                                                                                                                       Rp                      %
                            (1)                                     (2)                      (3)                (4) = (2)-(3)           (5) = (4)/(3)
 Aset
 Assets

 Aset Lancar
 Current Assets

 Kas dan Setara Kas
                                                                        6.750.913               5.123.252                   1.627.661                  31,77
 Cash and Cash Equivalents

 Investasi Jangka Pendek
                                                                           24.458                   22.791                      1.667                   7,31
 Short-Term Investments

 Piutang Lain-lain
                                                                        1.398.240               1.170.367                    227.873                  19,47
 Other Receivables

 Persediaan
                                                                          167.233                  147.978                    19.255                   13,01
 Inventories

 Biaya Dibayar di Muka dan Uang Muka – Neto
                                                                           107.197                 109.588                    (2.391)                  -2,18
 Prepaid Expenses and Advances-Net

 Pajak Dibayar di Muka
                                                                         302.283                   135.854                   166.429                 122,51
 Prepaid Taxes

 Dana Dibatasi Penggunaannya
                                                                          518.346                  487.735                     30.611                   6,28
 Restricted Funds

 Total Aset Lancar
                                                                        9.268.670               7.197.565                   2.071.105                 28,78
 Total Current Assets

 Aset Tidak Lancar
 Non-Current Assets

 Piutang Lain-lain
                                                                          341.071                  312.946                     28.125                  8,99
 Other Receivables




PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                                343
Page 344
01                                 02                   03                     04                                              05
Ikhtisar Kinerja Utama             Laporan Manajemen    Profil Perusahaan       Analisa dan Pembahasan Manajemen                Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report    Company Profile         Management Discussion and Analysis              Business Support Functions




Tabel Laporan Posisi Keuangan Konsolidasian                                                                                        (dalam jutaan Rupiah)
Table of Consolidated Statement of Financial Position                                                                                  (in million Rupiah)



                                                                                                         Pertumbuhan (Penurunan)
                        Uraian                             2025                                               Growth (Decline)
                                                                                  2024
                      Description
                                                                                                            Rp                            %
                             (1)                             (2)                    (3)               (4) = (2)-(3)                (5) = (4)/(3)
 Dana Dibatasi Penggunaannya
                                                                   401.671             232.738                   168.933                         72,59
 Restricted Funds

 Aset pajak tangguhan
                                                                    74.200                 67.529                     6.671                        9,88
 Deferred tax assets

 Investasi pada Entitas Asosiasi dan Ventura
 Bersama – Neto                                                5.923.773              5.608.831                  314.942                           5,62
 Investments in Associates and Joint Ventures – Net

 Aset Tetap – Neto
                                                                 643.799                  508.170                135.629                         26,69
 Fixed Assets – Net

 Properti Investasi – Neto
                                                                1.012.267                 979.181                   33.086                         3,38
 Investment Property – Net

 Aset Tak Berwujud – Neto
 Intangible Assets – Net

     Hak Pengusahaan Jalan Tol
                                                             140.973.316           132.004.237                8.969.079                            6,79
     Toll Road Concession Rights

     Lainnya
                                                                    89.027                 88.278                       749                        0,85
     Others

 Goodwill                                                           41.849                 41.849                          -                       0,00

 Aset Keuangan Lainnya – Neto
                                                                   246.587             259.846                   (13.259)                         -5,10
 Other Financial Assets – Net

 Aset Tidak Lancar Lainnya – Neto
                                                                   979.055            1.415.350               (436.295)                         -30,83
 Other Non-Current Assets – Net

 Aset Derivatif
                                                                           -                    -                          -                           -
 Derivative Assets

 Total Aset Tidak Lancar
                                                            150.726.615            141.518.955                9.207.660                            6,51
 Total Non-Current Assets

 Total Aset
                                                           159.995.285             148.716.520               11.278.765                            7,58
 Total Assets

 Liabilitas
 Liabilities

 Liabilitas Jangka Pendek
 Current Liabilities

 Utang Usaha
                                                                    71.936                151.278               (79.342)                        -52,45
 Accounts Payable

 Utang Kontraktor
                                                                 402.940                  494.361                   (91.421)                    -18,49
 Contractors Payable

 Utang Pajak
                                                                   419.456            1.807.837              (1.388.381)                        -76,80
 Taxes Payable

 Beban Akrual
                                                               9.367.488             11.403.302              (2.035.814)                         -17,85
 Accrued Expenses

 Utang Bank
                                                                    57.559             630.868                (573.309)                         -90,88
 Bank Loans

 Utang Lembaga Keuangan Bukan Bank
                                                                           -                    -                          -                           -
 Non-Bank Financial Institutions Loan

 Liabilitas Jangka Panjang yang Jatuh Tempo
 dalam Satu Tahun:
 Current Maturities of Long-Term Liabilities

     Utang Bank
                                                               3.622.723             4.882.857               (1.260.134)                        -25,81
     Bank Loans

     Utang Lembaga Keuangan Bukan Bank
                                                                           -                    -                          -                           -
     Non-Bank Financial Institutions Loan




344                                                                            Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 345
06                                   07                                         08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




Tabel Laporan Posisi Keuangan Konsolidasian                                                                                               (dalam jutaan Rupiah)
Table of Consolidated Statement of Financial Position                                                                                         (in million Rupiah)



                                                                                                                     Pertumbuhan (Penurunan)
                        Uraian                                    2025                                                    Growth (Decline)
                                                                                            2024
                      Description
                                                                                                                        Rp                       %
                            (1)                                     (2)                       (3)                (4) = (2)-(3)            (5) = (4)/(3)
     Utang Obligasi
                                                                                 -                286.000                            -                    0,00
     Bonds Payable

     Liabilitas Pembebasan Tanah
                                                                                 -                         -                         -                        -
     Land Acquisition Liabilities

     Liabilitas Sewa
                                                                           87.593                    64.199                    23.394                   36,44
     Lease Liabilities

     Provisi Pelapisan Jalan Tol
                                                                           716.991                  728.154                    (11.163)                  -1,53
     Provision for Overlay

     Pendapatan Diterima di Muka
                                                                          130.663                   104.112                     26.551                  25,50
     Unearned Revenue

     Liabilitas Imbalan Kerja
                                                                           53.761                   45.228                      8.533                    18,87
     Employee Benefits Liability

 Liabilitas Keuangan Jangka Pendek Lainnya
                                                                         1.064.745                968.023                      96.722                     9,99
 Other Current Financial Liability

 Total Liabilitas Jangka Pendek
                                                                    15.995.855                 21.566.219              (5.570.364)                    -25,83
 Total Current Liabilities

 Liabilitas Jangka Panjang
 Non-Current Liabilities

 Liabilitas Pajak Tangguhan
                                                                        5.607.408               5.229.244                      378.164                    7,23
 Deferred Tax Liabilities

 Utang Kontraktor Jangka Panjang
                                                                         1.375.330                  967.428                   407.902                   42,16
 Long-Term Contractors Payable

 Beban Akrual Jangka Panjang
                                                                          712.202                 700.629                       11.573                    1,65
 Long-Term Accrued Expenses

 Liabilitas Jangka Panjang - Setelah Dikurangi
 Bagian yang Jatuh Tempo dalam Satu Tahun:
 Long-Term Liabilities – Net of Current Maturities

     Utang Bank
                                                                    68.800.868                  57.178.416               11.622.452                     20,33
     Bank Loans

     Utang Lembaga Keuangan Bukan Bank
                                                                                 -                272.000                                                 0,00
     Non-Bank Financial Institutions Loan

     Utang Obligasi
                                                                        2.536.062                1.538.161                     997.901                  64,88
     Bonds Payable

     Liabilitas Pembebasan Tanah
                                                                          108.292                   109.008                      (716)                  -0,66
     Land Acquisition Liabilities

     Liabilitas Sewa
                                                                           101.997                   59.819                     42.178                   70,51
     Lease Liabilities

     Provisi Pelapisan Jalan Tol
                                                                          670.741                 683.207                     (12.466)                   -1,82
     Provision for Overlay

     Pendapatan Diterima di Muka
                                                                           66.326                   70.594                     (4.268)                  -6,05
     Unearned Revenue

     Liabilitas Imbalan Kerja Jangka Panjang
                                                                         1.346.780               1.261.969                      84.811                    6,72
     Long-Term Employee Benefits

 Liabilitas Derivatif
                                                                                 -                         -                         -                        -
 Derivative Liabilities

 Liabilitas Jangka Panjang Lainnya
                                                                           311.707                246.585                       65.122                  26,41
 Other Long-Term Liabilities

 Total Liabilitas Jangka Panjang
                                                                        81.637.713            68.317.060                13.320.653                      19,50
 Total Long-Term Liabilities

 Total Liabilitas
                                                                    97.633.568                89.883.279                     7.750.289                   8,62
 Total Liabilities




PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                                  345
Page 346
01                                 02                   03                     04                                             05
Ikhtisar Kinerja Utama             Laporan Manajemen    Profil Perusahaan       Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report    Company Profile         Management Discussion and Analysis             Business Support Functions




Tabel Laporan Posisi Keuangan Konsolidasian                                                                                       (dalam jutaan Rupiah)
Table of Consolidated Statement of Financial Position                                                                                 (in million Rupiah)



                                                                                                         Pertumbuhan (Penurunan)
                        Uraian                             2025                                               Growth (Decline)
                                                                                  2024
                      Description
                                                                                                            Rp                           %
                             (1)                             (2)                    (3)               (4) = (2)-(3)               (5) = (4)/(3)
 Ekuitas
 Equity

 Ekuitas yang Dapat Diatribusikan kepada Pemilik
 Entitas Induk
 Equity Attributable to Owners of the Parent Entity

 Modal Saham - Nilai Nominal Rp 500 (Rupiah
 Penuh) per Saham
 Modal Dasar 19.040.000.000 Saham Modal
 Ditempatkan dan Disetor Penuh - 1 Saham Seri A
 Dwiwarna dan 7.257.871.199 Saham Seri B                       3.628.936             3.628.936                            -                       0,00
 Capital Stock – Rp 500 Par Value (Full Rupiah) per
 Share Authorized Capital 19,040,000,000 Shares
 Issued and Fully Paid Capital – 1 Series A Dwiwarna
 Share and 7,257,871,199 Series B Shares

 Tambahan Modal Disetor – Neto
                                                               3.997.085              3.997.085                           -                       0,00
 Additional Paid-in Capital – Net

 Selisih atas Transaksi Entitas Non-Pengendali
 Difference from Non-Controlling Interest                      1.955.333              1.955.333                           -                       0,00
 Transactions

 Saldo Laba
 Retained Earnings

     Telah Ditentukan Penggunaannya
                                                               8.971.304              8.971.304                           -                       0,00
     Appropriated

     Belum Ditentukan Penggunaannya
                                                              20.481.497             17.955.853               2.525.644                          14,07
     Unappropriated

 Penghasilan Komprehensif Lain:
 Other Comprehensive Income:

     Kerugian yang Belum Direalisasi dari Aset
     Keuangan pada Nilai Wajar
                                                             (1.352.992)            (1.344.089)                     (8.903)                       0,66
     Unrealized Loss on Financial Assets at Fair
     Value

     Pengukuran Nilai Wajar Derivatif Lindung Nilai
     Arus Kas
                                                                           -                   -                          -                           -
     Measurement of Fair Value Derivative for
     Cashflow Hedge

     Pengukuran Kembali Liabilitas Imbalan Kerja
     Jangka Panjang
                                                             (1.325.549)             (1.130.887)               (194.662)                         17,21
     Remeasurement of Long-Term Employee
     Benefits Liability

 Ekuitas Neto yang Dapat diatribusikan kepada:
 Net Equity Attributable to

     Pemilik Entitas Induk
                                                              36.355.614            34.033.535                2.322.079                           6,82
     Owners of the Parent Entity

     Kepentingan Non Pengendali
                                                              26.006.103            24.799.706                 1.206.397                          4,86
     Non-Controlling Interests

 Total Ekuitas
                                                              62.361.717            58.833.241               3.528.476                           6,00
 Total Equity

 Total Liabilitas dan Ekuitas
                                                           159.995.285             148.716.520               11.278.765                           7,58
 Total Liabilities and Equity




346                                                                            Laporan Tahunan 2025 Annual Report       PT Jasa Marga (Persero) Tbk
Page 347
06                                   07                                        08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Aset                                                                             Assets

Per 31 Desember 2025, total aset Perseroan tercatat                              On December 31, 2025, the Company’s total assets increased
mengalami peningkatan dibandingkan tahun sebelumnya.                             compared to the previous year. This was mainly due to
Hal ini terutama disebabkan oleh peningkatan hak                                 increased toll road concession rights with the progress of
pengusahaan jalan tol dengan adanya kemajuan konstruksi                          new toll road development construction.
pengembangan jalan tol baru.

Tabel Aset                                                                                                                              (dalam jutaan Rupiah)
Assets Table                                                                                                                                (in million Rupiah)



                                                                                                                    Pertumbuhan (Penurunan)
                      Uraian                                      2025                                                   Growth (Decline)
                                                                                           2024
                    Description
                                                                                                                       Rp                      %
                            (1)                                     (2)                      (3)                (4) = (2)-(3)           (5) = (4)/(3)
 Aset Lancar
 Current Assets
 Kas dan Setara Kas
                                                                        6.750.913               5.123.252                   1.627.661                  31,77
 Cash and Cash Equivalents
 Investasi Jangka Pendek
                                                                           24.458                   22.791                      1.667                   7,31
 Short-Term Investments
 Piutang Lain-lain
                                                                        1.398.240               1.170.367                    227.873                  19,47
 Other Receivables
 Persediaan
                                                                          167.233                  147.978                     19.255                  13,01
 Inventories
 Biaya Dibayar di Muka dan Uang Muka – Neto
                                                                           107.197                 109.588                    (2.391)                  -2,18
 Prepaid Rxpenses and Advances-Net
 Pajak Dibayar di Muka
                                                                         302.283                   135.854                   166.429                 122,51
 Prepaid Taxes
 Dana Dibatasi Penggunaannya
                                                                          518.346                  487.735                     30.611                   6,28
 Restricted Funds
 Total Aset Lancar
                                                                        9.268.670               7.197.565                   2.071.105                 28,78
 Total Current Assets
 Aset Tidak Lancar
 Non-Current Assets
 Piutang Lain-lain
                                                                          341.071                  312.946                     28.125                   8,99
 Other Receivables
 Dana Dibatasi Penggunaannya
                                                                          401.671                232.738                     168.933                  72,59
 Restricted Funds
 Aset pajak tangguhan
                                                                           74.200                   67.529                      6.671                   9,88
 Deferred tax assets
 Investasi pada Entitas Asosiasi dan Ventura
 Bersama – Neto                                                         5.923.773              5.608.831                     314.942                    5,62
 Investments in Associates and Joint Ventures – Net
 Aset Tetap – Neto
                                                                         643.799                   508.170                   135.629                  26,69
 Fixed Assets – Net
 Properti Investasi – Neto
                                                                         1.012.267                 979.181                    33.086                    3,38
 Investment Property – Net
 Aset Tak Berwujud – Neto
 Intangible Assets – Net
     Hak Pengusahaan Jalan Tol
                                                                    140.973.316             132.004.237                     8.969.079                   6,79
     Toll Road Concession Rights
     Lainnya
                                                                           89.027                   88.278                       749                    0,85
     Others
 Goodwill                                                                  41.849                   41.849                          -                   0,00
 Aset Keuangan Lainnya – Neto
                                                                          246.587                259.846                     (13.259)                  -5,10
 Other Financial Assets – Net




PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                                 347
Page 348
01                                 02                          03                        04                                             05
Ikhtisar Kinerja Utama             Laporan Manajemen           Profil Perusahaan          Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report           Company Profile            Management Discussion and Analysis             Business Support Functions




Tabel Aset                                                                                                                                  (dalam jutaan Rupiah)
Assets Table                                                                                                                                    (in million Rupiah)



                                                                                                                   Pertumbuhan (Penurunan)
                        Uraian                                     2025                                                 Growth (Decline)
                                                                                            2024
                      Description
                                                                                                                      Rp                           %
                             (1)                                    (2)                       (3)               (4) = (2)-(3)               (5) = (4)/(3)
 Aset Tidak Lancar Lainnya – Neto
                                                                          979.055               1.415.350               (436.295)                        -30,83
 Other Non-Current Assets – Net
 Aset Derivatif
                                                                                  -                       -                         -                           -
 Derivative Assets
 Total Aset Tidak Lancar
                                                                    150.726.615              141.518.955                9.207.660                           6,51
 Total Non-Current Assets
 Total Aset
                                                                   159.995.285               148.716.520               11.278.765                           7,58
 Total Assets


Aset Lancar                                                                       Current Assets

Di tahun 2025, aset lancar Perseroan tercatat mengalami                           In 2025, the Company’s current assets increased compared
peningkatan dibanding tahun 2024. Hal ini terutama                                to 2024. This was mainly due to an increase in cash and
disebabkan oleh peningkatan kas dan setara kas yang                               cash equivalents resulting from higher cash reserves held in
berasal dari bertambahnya cadangan kas di bank serta                              banks and time deposits.
deposito berjangka.

Tabel Aset Lancar                                                                                                                           (dalam jutaan Rupiah)
Table of Current Assets                                                                                                                         (in million Rupiah)



                                                                                                                   Pertumbuhan (Penurunan)
                        Uraian                                     2025                                                 Growth (Decline)
                                                                                            2024
                      Description
                                                                                                                      Rp                           %
                             (1)                                    (2)                       (3)               (4) = (2)-(3)               (5) = (4)/(3)
 Kas dan Setara Kas
                                                                       6.750.913                5.123.252                1.627.661                         31,77
 Cash and Cash Equivalents

 Investasi Jangka Pendek
                                                                          24.458                     22.791                     1.667                       7,31
 Short-Term Investments

 Piutang Lain-lain
                                                                       1.398.240                 1.170.367                    227.873                     19,47
 Other Receivables

 Persediaan
                                                                          167.233                   147.978                    19.255                      13,01
 Inventories

 Biaya Dibayar di Muka dan Uang Muka – Neto
                                                                          107.197                   109.588                   (2.391)                      -2,18
 Prepaid Expenses and Advances-Net

 Pajak Dibayar di Muka
                                                                        302.283                     135.854                166.429                       122,51
 Prepaid Taxes

 Dana Dibatasi Penggunaannya
                                                                          518.346                   487.735                    30.611                       6,28
 Restricted funds

 Total Aset Lancar
                                                                      9.268.670                 7.197.565               2.071.105                         28,78
 Total Current Assets
*) Disajikan kembali, lihat Catatan 51 pada Laporan Keuangan Konsolidasian Perseroan Tahun Buku 2025
*) Restatement; see Note 51 to the Company’s Consolidated Financial Statements for the 2025 Fiscal Year




Kas dan Setara Kas                                                                Cash and Cash Equivalents

Kas dan setara kas Perseroan di tahun 2025 tercatat                               The Company’s cash and cash equivalents in 2025
mengalami peningkatan. Hal ini dikarenakan adanya                                 increased. This is due to increase in cash reserves in banks
peningkatan cadangan kas di bank dan deposito berjangka.                          and time deposits.




348                                                                                     Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 349
06                                   07                                        08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Tabel Kas dan Setara Kas                                                                                                                (dalam jutaan Rupiah)
Table of Cash and Cash Equivalents                                                                                                          (in million Rupiah)



                                                                                                                    Pertumbuhan (Penurunan)
                      Uraian                                      2025                                                   Growth (Decline)
                                                                                           2024
                    Description
                                                                                                                       Rp                      %
                            (1)                                     (2)                      (3)                (4) = (2)-(3)           (5) = (4)/(3)
 Kas
                                                                            9.591                    7.607                      1.984                 26,08
 Cash

 Bank
                                                                        2.599.402               1.555.377                   1.044.025                  67,12
 Bank

 Deposito Berjangka
                                                                        4.141.920              3.560.268                     581.652                  16,34
 Time Deposits

 Total                                                                  6.750.913              5.123.252                    1.627.661                 31,77



Investasi Jangka Pendek                                                          Short-Term Investments

Pada tahun 2025, investasi jangka pendek Perseroan                               In 2025, the Company’s short-term investments increased
mengalami peningkatan dikarenakan adanya kenaikan                                due to the increase in the mark-to-market value of mutual
mark-to-market reksadana.                                                        funds.

Tabel Investasi Jangka Pendek                                                                                                           (dalam jutaan Rupiah)
Table of Short-Term Investments                                                                                                             (in million Rupiah)



                                                                                                                    Pertumbuhan (Penurunan)
                      Uraian                                      2025                                                   Growth (Decline)
                                                                                           2024
                    Description
                                                                                                                       Rp                      %
                            (1)                                     (2)                      (3)                (4) = (2)-(3)           (5) = (4)/(3)
 Efek yang Diukur pada Nilai Wajar melalui Penghasilan Komprehensif Lain
 Marketable Securities Measured at Fair Value through Other Comprehensive Income
     Reksadana Mandiri Investasi Dana Obligasi
     Seri II                                                               4.530                    4.530                           -                0,00%
     Mutual Fund Mandiri Investment – Bond II Series
     STAR-MMKU                                                              3.192                         -                     3.192              100,00%
     Reksadana BRI Seruni Pasar Uang                                        3.192                         -                     3.192              100,00%
     Reksadana Insight Money                                                    -                   2.544                     (2.544)            -100,00%
     STAR-SMM                                                              2.396                    2.396                           -                0,00%
     Reksadana Insight Money Syariah                                            -                   3.577                     (3.577)            -100,00%
     Reksadana BRI Seruni Pasar Uang Syariah                                2.682                   2.682                           -                0,00%
     BRI MELATI                                                                 -                         1                         -                       -
 Kenaikan Nilai Aset Neto
                                                                           8.466                     7.061                      1.405               19,90%
 Increase in Net Assets Value
 Total                                                                    24.458                   22.791                      1.667                  7,31%


Piutang Lain-lain – Neto                                                         Other Receivables – Net

Piutang lain-lain lancar di tahun 2025 mengalami peningkatan                     Current other receivables in 2025 increased compared to
dibandingkan tahun sebelumnya dikarenakan peningkatan                            the previous year due to increase in receivables from related
piutang pihak berelasi dan pihak ketiga.                                         parties and third parties.




PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                                349
Page 350
01                                 02                  03                      04                                             05
Ikhtisar Kinerja Utama             Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report   Company Profile          Management Discussion and Analysis             Business Support Functions




Tabel Piutang Lain-lain – Lancar                                                                                                  (dalam jutaan Rupiah)
Table of Other Receivables – Net                                                                                                      (in million Rupiah)



                                                                                                         Pertumbuhan (Penurunan)
                        Uraian                            2025                                                Growth (Decline)
                                                                                  2024
                      Description
                                                                                                            Rp                           %
                             (1)                            (2)                     (3)               (4) = (2)-(3)               (5) = (4)/(3)
 Piutang Lain-lain Lancar
 Other Receivables – Current

 Pihak Berelasi
                                                                  542.175                 350.154                   192.021                     54,84
 Related Parties

 Pihak Ketiga
                                                                990.436                  930.752                    59.684                        6,41
 Third Parties

 Dikurangi:
 Less:

     Cadangan Kerugian Penurunan Piutang
                                                               (134.371)                (110.539)               (23.832)                         21,56
     Allowance for Impairment Losses

     Sub total
                                                               856.065                  820.213                     35.852                       4,37
     Subtotal

 Total                                                       1.398.240                1.170.367                  227.873                        19,47




Persediaan                                                                Inventories

Jumlah persediaan Perseroan di tahun 2025 mengalami                       The Company’s inventory in 2025 increased compared to
peningkatan dibanding tahun 2024. Hal ini disebabkan oleh                 2024. This is mainly due to the increase in property inventory
peningkatan persediaan properti pada anak usaha bisnis                    at prospective business subsidiaries.
prospektif.

Tabel Persediaan                                                                                                                  (dalam jutaan Rupiah)
Inventories Table                                                                                                                     (in million Rupiah)



                                                                                                         Pertumbuhan (Penurunan)
                        Uraian                            2025                                                Growth (Decline)
                                                                                  2024
                      Description
                                                                                                            Rp                           %
                             (1)                            (2)                     (3)               (4) = (2)-(3)               (5) = (4)/(3)
 Persediaan Properti
                                                                  154.458                 135.186                   19.272                      14,26
 Property Inventory

 Persediaan Lain-lain
                                                                    6.667                   7.073                    (406)                       -5,74
 Other Inventory

 Persediaan Manufaktur
                                                                    6.108                   5.719                      389                        6,80
 Manufacturing Inventory

 Total                                                            167.233                 147.978                   19.255                      13,01



Biaya Dibayar di Muka dan Uang Muka – Neto                                Prepaid Expenses and Advances – Net

Pada tahun 2025, biaya dibayar di muka dan uang muka                      In 2025, prepaid expenses and advance payments
tercatat menurun dibandingkan dengan tahun sebelumnya                     decreased compared to the previous year due to a reduction
karena penurunan premi jaminan pelaksanaan PT Jasamarga                   in performance bond premiums at PT Jasamarga Jogja
Jogja Bawen serta penurunan biaya atas bangunan                           Bawen and a decrease in costs related to replacement
pengganti di PT Jasamarga Jogja Solo.                                     structures at PT Jasamarga Jogja Solo.




350                                                                            Laporan Tahunan 2025 Annual Report       PT Jasa Marga (Persero) Tbk
Page 351
06                                   07                                        08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Tabel Biaya Dibayar di Muka dan Uang Muka – Neto                                                                                      (dalam jutaan Rupiah)
Table of Prepaid Expenses and Advances – Net                                                                                              (in million Rupiah)



                                                                                                                    Pertumbuhan (Penurunan)
                       Uraian                                     2025                                                   Growth (Decline)
                                                                                           2024
                     Description
                                                                                                                       Rp                    %
                            (1)                                     (2)                      (3)                (4) = (2)-(3)         (5) = (4)/(3)
 Uang Muka Pekerjaan
                                                                           64.510                  60.566                     3.944                   6,51
 Work Advances

 Biaya Dibayar di Muka
                                                                          28.665                   32.061                   (3.396)                -10,59
 Prepaid Expenses

 Uang Muka Operasional
                                                                           14.022                  16.961                   (2.939)                 -17,33
 Operational Advances

 Total                                                                    107.197                109.588                    (2.391)                  -2,18



Pajak Dibayar di Muka                                                            Prepaid Taxes

Perseroan mencatatkan peningkatan pajak dibayar di muka                          The Company recorded an increase in prepaid taxes in
pada tahun 2025. Hal tersebut seiring dengan adanya PPN                          2025. This was due to VAT and Income Tax Article 21 of the
dan PPh 21 Perusahaan dan Entitas Anak.                                          Company and Subsidiaries.

Tabel Pajak Dibayar di Muka                                                                                                           (dalam jutaan Rupiah)
Table of Prepaid Taxes                                                                                                                    (in million Rupiah)



                                                                                                                    Pertumbuhan (Penurunan)
                       Uraian                                     2025                                                   Growth (Decline)
                                                                                           2024
                     Description
                                                                                                                       Rp                    %
                            (1)                                     (2)                      (3)                (4) = (2)-(3)         (5) = (4)/(3)
 Perusahaan
 Company

     Pajak Penghasilan Pasal 21
                                                                          90.662                   62.631                    28.031                 44,76
     Income Tax Article 21

 Entitas Anak
 Subsidiaries

     Pasal 21
                                                                           10.839                    1.437                    9.402               654,28
     Article 21

     Pasal 4 (2)
                                                                            1.395                         -                   1.395                100,00
     Article 4 (2)

     Pasal 23
                                                                              47                          -                     47                 100,00
     Article 23

     Pajak Pertambahan Nilai
                                                                          199.340                  71.786                   127.554                177,69
     Value Added Tax

 Total                                                                  302.283                  135.854                    166.429                122,51




Dana Dibatasi Penggunaannya – Aset Lancar                                        Restricted Funds – Current Assets

Perseroan mencatatkan adanya peningkatan dana dibatasi                           The Company recorded an increase in restricted funds for
penggunaannya jangka pendek di tahun 2025 dibandingkan                           short-term use in 2025 compared to the previous year. This
dengan tahun sebelumnya. Hal tersebut dikarenakan adanya                         was due to the increase in toll collection escrow account.
peningkatan rekening amanat pendapatan tol.




PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                                351
Page 352
01                                 02                  03                      04                                             05
Ikhtisar Kinerja Utama             Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report   Company Profile          Management Discussion and Analysis             Business Support Functions




Tabel Dana Dibatasi Penggunaannya – Aset Lancar                                                                                   (dalam jutaan Rupiah)
Table of Restricted Funds – Current Assets                                                                                            (in million Rupiah)



                                                                                                         Pertumbuhan (Penurunan)
                        Uraian                            2025                                                Growth (Decline)
                                                                                  2024
                      Description
                                                                                                            Rp                           %
                             (1)                            (2)                     (3)               (4) = (2)-(3)               (5) = (4)/(3)
 Bank
 Banks

 Rekening Pembebasan Tanah
                                                                    8.399                  14.070                   (5.671)                    -40,31
 Land Aquisition Account

 Jaminan Sindikasi Bank
                                                                  211.097                 220.701                   (9.604)                     -4,35
 Syndicated Bank Guarantee

 Jaminan Pelaksanaan
                                                                   56.214                  44.821                   11.393                      25,42
 Performance Bond

 Rekening Amanat Pendapatan Tol
                                                                  235.291                 201.184                   34.107                      16,95
 Toll Collection Escrow Account

 Deposito
 Deposits

 Jaminan Pemeliharaan
                                                                    7.345                   5.231                     2.114                     40,41
 Syndicated Bank Guarantee

 Jaminan Pembebasan Tanah
                                                                          -                 1.728                   (1.728)                   -100,00
 Land Aquisition Account

 Total                                                          518.346                487.735                      30.611                       6,28




Aset Tidak Lancar                                                         Non-Current Assets

Pada tahun 2025, Perseroan mencatatkan peningkatan                        In 2025, the Company recorded an increase in the amount of
jumlah aset tidak lancar akibat adanya penambahan progres                 non-current assets due to additional construction progress
konstruksi di ruas tol baru.                                              on the new toll road section.

Tabel Aset Tidak Lancar                                                                                                           (dalam jutaan Rupiah)
Table of Non-Current Assets                                                                                                           (in million Rupiah)



                                                                                                         Pertumbuhan (Penurunan)
                        Uraian                            2025                                                Growth (Decline)
                                                                                  2024
                      Description
                                                                                                            Rp                           %
                             (1)                            (2)                     (3)               (4) = (2)-(3)               (5) = (4)/(3)
 Piutang Lain-lain
                                                                  341.071                 312.946                   28.125                        8,99
 Other Receivables
 Dana Dibatasi Penggunaannya
                                                                  401.671              232.738                   168.933                        72,59
 Restricted Funds
 Investasi pada Entitas Asosiasi dan Ventura
 Bersama – Neto                                               5.923.773               5.608.831                  314.942                          5,62
 Investments in Associates and Joint Ventures – Net
 Aset Tetap – Neto
                                                                643.799                   508.170                135.629                        26,69
 Fixed Assets – Net
 Properti Investasi – Neto
                                                               1.012.267                  979.181                   33.086                        3,38
 Investment Property – Net
 Aset Tak Berwujud – Neto
 Intangible Assets – Net
     Hak Pengusahaan Jalan Tol
                                                            140.973.316            132.004.237                8.969.079                           6,79
     Toll Road Concession Rights
     Lainnya
                                                                   89.027                  88.278                      749                        0,85
     Others
 Goodwill                                                          41.849                  41.849                         -                       0,00
 Aset Keuangan Lainnya – Neto
                                                                  246.587              259.846                   (13.259)                        -5,10
 Other Financial Assets – Net




352                                                                           Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 353
06                                   07                                        08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Tabel Aset Tidak Lancar                                                                                                                  (dalam jutaan Rupiah)
Table of Non-Current Assets                                                                                                                  (in million Rupiah)



                                                                                                                    Pertumbuhan (Penurunan)
                       Uraian                                     2025                                                   Growth (Decline)
                                                                                           2024
                     Description
                                                                                                                       Rp                       %
                            (1)                                     (2)                      (3)                (4) = (2)-(3)            (5) = (4)/(3)
 Aset Tidak Lancar Lainnya – Neto
                                                                          979.055               1.415.350                   (436.295)                 -30,83
 Other Non-Current Assets – Net

 Aset Derivatif
                                                                                -                         -                          -                       -
 Derivative Assets

 Aset pajak tangguhan
                                                                           74.200                   67.529                      6.671                    9,88
 Deferred tax assets

 Total Aset Tidak Lancar
                                                                   150.726.615              141.518.955                     9.207.660                    6,51
 Total Non-Current Assets



Piutang Lain-Lain – Tidak Lancar                                                 Other Receivables – Non-Current

Perseroan mencatatkan adanya peningkatan piutang lain-                           The Company recorded an increase in other non-current
lain tidak lancar di tahun 2025 karena penambahan piutang                        receivables in 2025 due to the addition of loan receivables
pinjaman dari PT JTT pada entitas ventura bersama.                               from PT JTT to its joint ventures.

Tabel Piutang Lain-lain - Tidak Lancar                                                                                                   (dalam jutaan Rupiah)
Table of Other Receivables – Non-Current                                                                                                     (in million Rupiah)



                                                                                                                    Pertumbuhan (Penurunan)
                       Uraian                                     2025                                                   Growth (Decline)
                                                                                           2024
                     Description
                                                                                                                       Rp                       %
                            (1)                                     (2)                      (3)                (4) = (2)-(3)            (5) = (4)/(3)
 Pihak Berelasi
                                                                          341.071                  312.946                     28.125                    8,99
 Related Parties

 Total                                                                    341.071                312.946                       28.125                   8,99



Dana Dibatasi Penggunaannya - Tidak Lancar                                       Restricted Funds – Non-Current

Pada tahun 2025, dana dibatasi penggunaannya tercatat                            In 2025, restricted funds recorded an increase due to the
mengalami peningkatan akibat peningkatan jaminan                                 increase in syndication bank guarantees.
sindikasi bank.

Tabel Dana Dibatasi Penggunaannya – Aset Tidak Lancar                                                                                    (dalam jutaan Rupiah)
Table of Restricted Funds – Non-Current Assets                                                                                               (in million Rupiah)



                                                                                                                    Pertumbuhan (Penurunan)
                       Uraian                                     2025                                                   Growth (Decline)
                                                                                           2024
                     Description
                                                                                                                       Rp                       %
                            (1)                                     (2)                      (3)                (4) = (2)-(3)            (5) = (4)/(3)
 Bank
 Banks

 Pembebasan Tanah
                                                                           24.067                   20.041                      4.026                  20,09
 Performance Bond

 Jaminan Sindikasi Bank
                                                                          372.373                  199.933                    172.440                  86,25
 Syndicated Bank Guarantee

 Deposito
 Deposits

 Jaminan Pelaksanaan
                                                                                -                    7.345                     (7.345)               -100,00
 Performance Bond

 Jaminan Sindikasi Bank
                                                                                -                    5.419                     (5.419)               -100,00
 Syndicated Bank Guarantee




PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                                  353
Page 354
01                                 02                  03                      04                                             05
Ikhtisar Kinerja Utama             Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report   Company Profile          Management Discussion and Analysis             Business Support Functions




Tabel Dana Dibatasi Penggunaannya – Aset Tidak Lancar                                                                             (dalam jutaan Rupiah)
Table of Restricted Funds – Non-Current Assets                                                                                        (in million Rupiah)



                                                                                                         Pertumbuhan (Penurunan)
                        Uraian                            2025                                                Growth (Decline)
                                                                                  2024
                      Description
                                                                                                            Rp                           %
                             (1)                            (2)                    (3)                (4) = (2)-(3)               (5) = (4)/(3)
 Jaminan Pemeliharaan
                                                                    5.231                       -                     5.231                    100,00
 Maintenance Bond

 Total                                                            401.671              232.738                  168.933                         72,59




Investasi pada Entitas Asosiasi dan Ventura Bersama –                     Investment in Associates and Joint Ventures – Net
Neto

Investasi pada entitas asosiasi dan ventura bersama – neto                The Company’s investments in associates and joint ventures
Perseroan tercatat mengalami peningkatan di tahun 2025                    – net recorded an increase in 2025 due to the inclusion in
yang disebabkan oleh penyertaan ke BSIS serta serap laba                  BSIS and absorption of profits and losses of associates and
dan rugi entitas asosiasi dan ventura bersama.                            joint ventures.

Tabel Investasi pada Entitas Asosiasi dan Ventura Bersama – Neto                                                                  (dalam jutaan Rupiah)
Table of Investment in Associates and Joint Ventures – Net                                                                            (in million Rupiah)



                                                                                                         Pertumbuhan (Penurunan)
                        Uraian                            2025                                                Growth (Decline)
                                                                                 2024*
                      Description
                                                                                                            Rp                           %
                             (1)                            (2)                    (3)                (4) = (2)-(3)               (5) = (4)/(3)
 Perusahaan
 The Company

 Entitas Asosiasi
 Associated Entities

 PT Trans Lingkar Kita Jaya (TLKJ)                              299.934                  272.753                     27.181                       9,97

 PT Citra Bhakti Margatama Persada (CBMP)                          56.787                 56.787                          -                       0,00

 PT Citra Ganesha Marga Nusantara (CGMN)                           16.914                 16.914                          -                       0,00

 PT Bukaka Marga Utama (BMU)                                        9.436                  9.436                          -                       0,00

 PT Jasamarga Gedebage Cilacap (JGC)                               15.324                 15.324                          -                       0,00

 PT Bogor Serpong Infra Selaras (BSIS)                            55.848                   4.394                    51.454                     1171,01

 Ventura Bersama
 Joint Ventures

 PT Marga Lingkar Jakarta (MLJ)                               1.020.650                989.802                      30.848                        3,12

 Penyertaan tidak langsung melalui JTT
 Indirect investment through JTT

 Ventura Bersama
 Joint Ventures

 PT Trans Marga Jateng (TMJ)                                 2.033.450               1.735.439                      298.011                       17,17

 PT Jasamarga Pandaan Malang (JPM)                              994.634              1.024.283                  (29.649)                         -2,89

 PT Jasamarga Jalanlayang Cikampek (JJC)                       1.519.257              1.582.160                 (62.903)                        -3,98

 Total Penyertaan
                                                              6.022.234               5.707.292                  314.942                          5,52
 Total Investment

 Dikurangi:
 Deducted:

     Penurunan Nilai Penyertaan pada CBMP
                                                                (56.787)               (56.787)                           -                       0,00
     Impairment of Investment in CBMP

     Penurunan Nilai Penyertaan pada CGMN
                                                                  (16.914)               (16.914)                         -                       0,00
     Impairment of Investment in CGMN




354                                                                           Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 355
06                                   07                                        08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Tabel Investasi pada Entitas Asosiasi dan Ventura Bersama – Neto                                                                      (dalam jutaan Rupiah)
Table of Investment in Associates and Joint Ventures – Net                                                                                (in million Rupiah)



                                                                                                                    Pertumbuhan (Penurunan)
                        Uraian                                    2025                                                   Growth (Decline)
                                                                                           2024*
                      Description
                                                                                                                       Rp                    %
                            (1)                                     (2)                      (3)                (4) = (2)-(3)         (5) = (4)/(3)
     Penurunan Nilai Penyertaan pada BMU
                                                                          (9.436)                  (9.436)                        -                   0,00
     Impairment of Investment in BMU

     Penurunan Nilai Penyertaan pada JGC
                                                                          (15.324)               (15.324)                         -                   0,00
     Impairment of Investment in JGC

 Total                                                                  5.923.773              5.608.831                    314.942                  5,62
*) Disajikan kembali | Restatement




Aset Tetap Neto                                                                  Fixed Assets – Net

Pada tahun 2025, jumlah aset tetap - neto Perseroan                              In 2025, the Company’s net fixed assets increased compared
mengalami peningkatan dibandingkan dengan tahun 2024.                            to 2024. This was due to the increase in directly owned fixed
Hal tersebut disebabkan oleh peningkatan aset tetap                              assets.
kepemilikan langsung.

Tabel Aset Tetap Neto                                                                                                                 (dalam jutaan Rupiah)
Table of Fixed Assets – Net                                                                                                               (in million Rupiah)



                                                                                                                    Pertumbuhan (Penurunan)
                        Uraian                                    2025                                                   Growth (Decline)
                                                                                           2024*
                      Description
                                                                                                                       Rp                    %
                            (1)                                     (2)                      (3)                (4) = (2)-(3)         (5) = (4)/(3)
 Harga Perolehan
 Acquisition Cost

 Aset Tetap Pemilikan Langsung
                                                                        1.192.008               1.068.198                   123.810                  11,59
 Direct Acquisition Assets

 Aset Tetap dalam Konstruksi
                                                                           28.856                  25.630                     3.226                 12,59
 Construction in Progress

 Aset Hak Guna
                                                                         468.932                 385.366                     83.566                  21,68
 Right of Use Assets

 Total Harga Perolehan
                                                                        1.689.796              1.479.194                    210.602                 14,24
 Total Acquisition Cost

 Akumulasi Penyusutan
 Accumulated Depreciation

 Aset Tetap Pemilikan Langsung
                                                                          767.236                  709.191                   58.045                   8,18
 Direct Acquisition Assets

 Aset Hak Guna
                                                                          278.761                  261.833                   16.928                   6,47
 Right of Use Assets

 Total Akumulasi Penyusutan
                                                                        1.045.997                971.024                     74.973                   7,72
 Total Accumulated Depreciations

 Total                                                                   643.799                 508.170                    135.629                 26,69
*) Disajikan kembali | Restatement




Properti Investasi – Neto                                                        Investment Properties – Net

Pada tahun 2025, properti investasi Perseroan mengalami                          In 2025, the Company’s investment property experienced
peningkatan dibandingkan tahun sebelumnya karena                                 an increase compared to the previous year due to the
pembangunan Transit Oriented Development (TOD) Taman                             construction of Transit-Oriented Development (TOD) in
Mini fase 2 dan fase 3.                                                          Taman Mini, phases 2 and 3.




PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                               355
Page 356
01                                   02                  03                      04                                            05
Ikhtisar Kinerja Utama               Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen              Fungsi Penunjang Bisnis
Main Performace Highlights           Management Report   Company Profile          Management Discussion and Analysis            Business Support Functions




Tabel Properti Investasi – Neto                                                                                                    (dalam jutaan Rupiah)
Table of Investment Properties – Net                                                                                                   (in million Rupiah)



                                                                                                           Pertumbuhan (Penurunan)
                        Uraian                              2025                                                Growth (Decline)
                                                                                    2024
                      Description
                                                                                                              Rp                          %
                             (1)                              (2)                     (3)               (4) = (2)-(3)              (5) = (4)/(3)
 Biaya Perolehan
 At Cost
 Properti Investasi
                                                                 1.178.306              1.121.368                     56.938                       5,08
 Investment Properties
 Akumulasi Penyusutan
 Accumulated Depreciation
 Properti Investasi
                                                                    166.039                 142.187                   23.852                      16,78
 Investment Properties
 Total                                                          1.012.267                   979.181                   33.086                      3,38



Hak Pengusahaan Jalan Tol – Neto                                            Toll Road Concession Rights – Net

Aset tak berwujud hak pengusahaan jalan tol - neto                          Intangible assets related to toll road concessions – net
mengalami peningkatan di tahun 2025 dibandingkan tahun                      increased in 2025 compared to the previous year due to the
sebelumnya karena penambahan dari progress konstruksi di                    additional progress in toll road construction.
ruas tol.

Tabel Hak Pengusahaan Jalan Tol – Neto                                                                                             (dalam jutaan Rupiah)
Table of Toll Road Concession Rights – Net                                                                                             (in million Rupiah)



                                                                                                           Pertumbuhan (Penurunan)
                        Uraian                              2025                                                Growth (Decline)
                                                                                   2024*
                      Description
                                                                                                              Rp                          %
                             (1)                              (2)                     (3)               (4) = (2)-(3)              (5) = (4)/(3)
 Biaya Perolehan
                                                              164.175.315            152.232.625               11.942.690                        7,85%
 Acquisition Cost
 Akumulasi Amortisasi
                                                               23.201.999             20.228.388                 2.973.611                     14,70%
 Accumulated Amortization
 Total                                                       140.973.316            132.004.237                8.969.079                        6,79%
*) Disajikan kembali | Restatement




Aset Tak Berwujud Lainnya – Neto                                            Other Intangible Assets – Net

Pada tahun 2025, aset tak berwujud lainnya - neto mengalami                 In 2025, other intangible assets – net increased compared to
peningkatan dibandingkan tahun sebelumnya disebabkan                        the previous year due to the increase in software acquisition
oleh peningkatan biaya perolehan perangkat lunak.                           costs.

Tabel Aset Tak Berwujud Lainnya – Neto                                                                                             (dalam jutaan Rupiah)
Table of Other Intangible Assets – Net                                                                                                 (in million Rupiah)



                                                                                                           Pertumbuhan (Penurunan)
                        Uraian                              2025                                                Growth (Decline)
                                                                                    2024
                      Description
                                                                                                              Rp                          %
                             (1)                              (2)                     (3)               (4) = (2)-(3)              (5) = (4)/(3)
 Biaya Perolehan
 Acquisition Cost
 Perangkat Lunak
                                                                  524.348                   496.512                   27.836                     5,61%
 Software
 Akumulasi Penyusutan
                                                                    435.321              408.234                      27.087                    6,64%
 Accumulated Depreciation
 Total                                                              89.027                  88.278                      749                     0,85%




356                                                                             Laporan Tahunan 2025 Annual Report       PT Jasa Marga (Persero) Tbk
Page 357
06                                   07                                       08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




Goodwill                                                                        Goodwill

Di tahun 2025, Goodwill Perseroan tidak mengalami                               In 2025, the Company’s goodwill did not increase or decrease
peningkatan maupun penurunan karena saldo goodwill                              because the goodwill balance is the difference between the
merupakan selisih antara nilai wajar aset neto Perseroan                        fair value of the Company’s net assets acquired from third
yang diakuisisi dari pihak ketiga dengan nilai akuisisi secara                  parties and the total acquisition value of PT JSM, PT JMTM,
keseluruhan atas akuisisi PT JSM, PT JMTM, dan PT JKC.                          and PT JKC.

Tabel Goodwill                                                                                                                       (dalam jutaan Rupiah)
Goodwill Table                                                                                                                           (in million Rupiah)



                                                                                                                   Pertumbuhan (Penurunan)
                      Uraian                                      2025                                                  Growth (Decline)
                                                                                          2024
                    Description
                                                                                                                      Rp                    %
                            (1)                                     (2)                     (3)                (4) = (2)-(3)         (5) = (4)/(3)
 Nilai Tercatat
 Carrying Amount

 Akuisisi PT Jasamarga Surabaya Mojokerto (JSM)
 Acquisition of PT Jasamarga Surabaya Mojokerto                           36.880                  36.880                        -                    0,00
 (JSM)

 Akuisisi PT Jasamarga Tollroad Maintenance
 (JMTM)
                                                                           2.848                   2.848                        -                    0,00
 Acquisition of PT Jasamarga Tollroad
 Maintenance (JMTM)

 Akuisisi PT Jasamarga Kunciran Cengkareng (JKC)
 Acquisition of PT Jasamarga Kunciran                                      2.121                    2.121                       -                    0,00
 Cengkareng (JKC)

 Total                                                                    41.849                  41.849                        -                   0,00



Aset Keuangan Lainnya – Neto                                                    Other Financial Assets – Net

Aset keuangan lainnya - neto di tahun 2025 mengalami                            Other financial assets - net in 2025 decreased compared
penurunan dibandingkan tahun sebelumnya dari pengaruh                           to the previous year due to the decrease in the value of the
disebabkan karena penurunan nilai penyertaan tidak                              Company’s indirect investment in PT Fintek Karya Nusantara
langsung Perseroan pada pada PT Fintek Karya Nusantara                          (Finarya) through PT JMTO.
(Finarya) melalui PT JMTO.

Tabel Aset Keuangan Lainnya – Neto                                                                                                   (dalam jutaan Rupiah)
Table of Other Financial Assets – Net                                                                                                    (in million Rupiah)



                                                                                                                   Pertumbuhan (Penurunan)
                      Uraian                                      2025                                                  Growth (Decline)
                                                                                          2024
                    Description
                                                                                                                      Rp                    %
                            (1)                                     (2)                     (3)                (4) = (2)-(3)         (5) = (4)/(3)
 PT Marga Mandala Sakti (MMS)                                             75.209                  66.482                    8.727                   13,13

 PT Citra Margatama Surabaya (CMS)                                        29.947                  23.504                   6.443                    27,41

 PT Marga Nurindo Bhakti (MNB)                                                 -                         -                      -                        -

 PT Citra Mataram Satriamarga Persada (CMSP)                                   -                         -                      -                        -

 PT Margaraya Jawa Tol (MJT)                                                   -                         -                      -                        -

 PT Makassar Metro Network (MMN) d/h
                                                                           3.286                   3.620                    (334)                  -9,23
 PT Bosowa Marga Nusantara (BMN)

 PT Jatim Prasarana Utama (JPU)                                             938                     1.042                   (104)                  -9,98

 PT Marga Mawatindo Esprit (MME)                                               -                         -                      -                        -

 PT Marga Net One Limited (MNOL)                                               -                         -                      -                        -

 PT Pilar Sinergi BUMN Indonesia (PSBI)                                        -                         -                      -                        -

 PT Kresna Kusuma Dyandra Marga (KKDM)                                     2.121                    1.280                     841                  65,70

 PT Hutama Marga Waskita (HAMAWAS)                                        13.262                  15.235                   (1.973)                -12,95




PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                              357
Page 358
01                                 02                  03                        04                                              05
Ikhtisar Kinerja Utama             Laporan Manajemen   Profil Perusahaan          Analisa dan Pembahasan Manajemen                Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report   Company Profile            Management Discussion and Analysis              Business Support Functions




Tabel Aset Keuangan Lainnya – Neto                                                                                                   (dalam jutaan Rupiah)
Table of Other Financial Assets – Net                                                                                                    (in million Rupiah)



                                                                                                           Pertumbuhan (Penurunan)
                         Uraian                           2025                                                  Growth (Decline)
                                                                                    2024
                       Description
                                                                                                              Rp                            %
                             (1)                            (2)                       (3)               (4) = (2)-(3)                (5) = (4)/(3)
 Penyertaan Tidak Langsung melalui JMTO
 Indirect Investment through JMTO

 PT Fintek Karya Nusantara (Finarya)                              116.532                   143.666                   (27.134)                    -18,89

 Penyertaan Tidak Langsung melalui JMRB
 Indirect Investment through JMRB

 PT Sinergi Colomadu (SC)                                                 91                     91                          -                       0,00

 PT PP Sinergi Banjaratma (PPSB)                                    4.121                     4.926                     (805)                     -16,34

 Penyertaan Tidak Langsung melalui JMTM
 Indirect Investment via JMTM

 PT Waskita Beton Precast (WSBP) Tbk                                1.080                         -                     1.080                         100

 Total                                                         246.587                   259.846                  (13.259)                          -5,10




Aset Tidak Lancar Lainnya – Neto                                           Other Non-Current Assets – Net

Pada tahun 2025, aset tidak lancar lainnya menurun                         In 2025, other non-current assets decreased compared to
dibandingkan tahun sebelumnya karena penurunan pada                        the previous year due to a decline in advance payments to
uang muka kontraktor dan konsultan serta biaya prakarsa.                   contractors and consultants, as well as project initiation costs.

Tabel Aset Tidak Lancar Lainnya – Neto                                                                                               (dalam jutaan Rupiah)
Table of Other Non-Current Assets – Net                                                                                                  (in million Rupiah)



                                                                                                           Pertumbuhan (Penurunan)
                         Uraian                           2025                                                  Growth (Decline)
                                                                                    2024
                       Description
                                                                                                              Rp                            %
                             (1)                            (2)                       (3)               (4) = (2)-(3)                (5) = (4)/(3)
 Tanah dalam Pengembangan
                                                                666.997                  668.700                       (1.703)                     -0,25
 Land under Development

 Biaya Prakarsa
                                                                  83.519                    127.237                (43.718)                       -34,36
 Initiative Cost

 Taksiran Tagihan Pajak Entitas Anak
                                                                  57.006                     67.528                (10.522)                       -15,58
 Estimated Claim for Subsidiary Tax Refund

 Uang Muka Pembelian Tanah
                                                                  47.620                     47.620                          -                       0,00
 Advances for Purchase of Land

 Aset Diambil Alih
                                                                   26.102                    26.102                          -                       0,00
 Foreclosed Assets

 Uang Muka Setoran Modal
                                                                  20.690                     55.816                (35.126)                       -62,93
 Advances for Capital Investment

 Bangunan Tanah Pengganti
                                                                   18.416                         -                    18.416                         100
 Replacement Land Building

 Uang Muka Kontraktor dan Konsultan
                                                                  115.020                505.904                (390.884)                         -77,26
 Advances for Contractors and Consultants

 Uang Muka Biaya Fasilitas Pinjaman
                                                                           -                    141                      (141)                   -100,00
 Advances for Loans Facility Fee

 Lainnya
                                                                  16.202                    23.945                     (7.743)                    -32,34
 Others

 Total Aset Lain-lain
                                                               1.051.572               1.522.993                 (471.421)                        -30,95
 Total Other Assets

 Cadangan Kerugian Penurunan Nilai
 Allowance for Impairment Losses

     Biaya Prakarsa
                                                                (25.725)                 (25.725)                            -                       0,00
     Initiative Cost


358                                                                             Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 359
06                                   07                                        08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Tabel Aset Tidak Lancar Lainnya – Neto                                                                                                  (dalam jutaan Rupiah)
Table of Other Non-Current Assets – Net                                                                                                     (in million Rupiah)



                                                                                                                    Pertumbuhan (Penurunan)
                        Uraian                                    2025                                                   Growth (Decline)
                                                                                           2024
                      Description
                                                                                                                       Rp                      %
                            (1)                                     (2)                      (3)                (4) = (2)-(3)           (5) = (4)/(3)
     Aset Diambil Alih
                                                                          (26.102)                 (26.102)                         -                   0,00
     Foreclosed Assets

     Uang Muka Setoran Modal
                                                                         (20.690)                (55.816)                     35.126                 -62,93
     Advances for Capital Investment

 Total Penurunan Nilai
                                                                          (72.517)              (107.643)                     35.126                 -32,63
 Total Impairment Losses

 Total – Bersih
                                                                         979.055               1.415.350                (436.295)                   -30,83
 Total – Net




Liabilitas                                                                       Liabilities

Per 31 Desember 2025, total liabilitas Perseroan tercatat                        On December 31, 2025, the Company’s total liabilities
mengalami peningkatan dibanding tahun 2024 yang                                  increased compared to 2024 due to the increase in long-
disebabkan oleh peningkatan utang bank jangka panjang                            term bank loans of Subsidiaries.
atas Anak Perusahaan.

Tabel Liabilitas                                                                                                                        (dalam jutaan Rupiah)
Liabilities Table                                                                                                                           (in million Rupiah)



                                                                                                                    Pertumbuhan (Penurunan)
                        Uraian                                    2025                                                   Growth (Decline)
                                                                                           2024*
                      Description
                                                                                                                       Rp                      %
                            (1)                                     (2)                      (3)                (4) = (2)-(3)           (5) = (4)/(3)
 Liabilitas
 Liabilities
 Liabilitas Jangka Pendek
 Current Liabilities
 Utang Usaha
                                                                           71.936                  151.278                   (79.342)                -52,45
 Accounts Payable
 Utang Kontraktor
                                                                         402.940                   494.361                   (91.421)                -18,49
 Contractors Payable
 Utang Pajak
                                                                          419.456               1.807.837               (1.388.381)                  -76,80
 Taxes Payable
 Beban Akrual
                                                                        9.367.488             11.403.302               (2.035.814)                    -17,85
 Accrued Expenses
 Utang Bank
                                                                           57.559                630.868                    (573.309)                -90,88
 Bank Loans
 Utang Lembaga Keuangan Bukan Bank
                                                                                 -                        -                         -                       -
 Non-Bank Financial Institutions Loan
 Liabilitas Jangka Panjang yang Jatuh Tempo
 dalam Satu Tahun:
 Current Maturities of Long-Term Liabilities
     Utang Bank
                                                                        3.622.723              4.882.857                (1.260.134)                  -25,81
     Bank Loans
     Utang Lembaga Keuangan Bukan Bank
                                                                                 -                        -                         -                       -
     Non-Bank Financial Institutions Loan
     Utang Obligasi
                                                                                 -               286.000                            -                   0,00
     Bonds Payable
     Liabilitas Pembebasan Tanah
                                                                                 -                        -                         -                       -
     Land Acquisition Liabilities




PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                                 359
Page 360
01                                 02                          03                        04                                              05
Ikhtisar Kinerja Utama             Laporan Manajemen           Profil Perusahaan          Analisa dan Pembahasan Manajemen                Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report           Company Profile            Management Discussion and Analysis              Business Support Functions




Tabel Liabilitas                                                                                                                             (dalam jutaan Rupiah)
Liabilities Table                                                                                                                                (in million Rupiah)



                                                                                                                   Pertumbuhan (Penurunan)
                        Uraian                                     2025                                                 Growth (Decline)
                                                                                           2024*
                      Description
                                                                                                                      Rp                            %
                             (1)                                    (2)                       (3)               (4) = (2)-(3)                (5) = (4)/(3)
     Liabilitas Sewa
                                                                           87.593                    64.199                   23.394                       36,44
     Lease Liabilities
     Provisi Pelapisan Jalan Tol
                                                                          716.991                   728.154                   (11.163)                      -1,53
     Provision for Overlay
     Pendapatan Diterima di Muka
                                                                          130.663                   104.112                    26.551                      25,50
     Unearned Revenue
     Liabilitas Imbalan Kerja
                                                                           53.761                   45.228                     8.533                        18,87
     Employee Benefits Liability
 Liabilitas Keuangan Jangka Pendek Lainnya
                                                                       1.064.745                  968.023                     96.722                         9,99
 Other Current Financial Liability
 Total Liabilitas Jangka Pendek
                                                                     15.995.855               21.566.219             (5.570.364)                         -25,83
 Total Current Liabilities
 Liabilitas Jangka Panjang
 Non-Current Liabilities
 Liabilitas Pajak Tangguhan
                                                                       5.607.408                5.229.244                     378.164                        7,23
 Deferred Tax Liabilities
 Utang Kontraktor Jangka Panjang
                                                                       1.375.330                    967.428                407.902                         42,16
 Long-Term Contractors Payable
 Beban Akrual Jangka Panjang
                                                                          712.202                 700.629                      11.573                        1,65
 Long-Term Accrued Expenses
 Liabilitas Jangka Panjang - Setelah Dikurangi
 Bagian yang Jatuh Tempo dalam Satu Tahun:
 Long-Term Liabilities – Net of Current Maturities

     Utang Bank
                                                                     68.800.868                 57.178.416             11.622.452                          20,33
     Bank Loans
     Utang Lembaga Keuangan Bukan Bank
                                                                                  -               272.000                           -                        0,00
     Non-Bank Financial Institutions Loan
     Utang Obligasi
                                                                      2.536.062                  1.538.161                    997.901                      64,88
     Bonds Payable
     Liabilitas Pembebasan Tanah
                                                                          108.292                   109.008                     (716)                      -0,66
     Land Acquisition Liabilities
     Liabilitas Sewa
                                                                          101.997                    59.819                    42.178                       70,51
     Lease Liabilities
     Provisi Pelapisan Jalan Tol
                                                                          670.741                 683.207                  (12.466)                         -1,82
     Provision for Overlay
     Pendapatan Diterima di Muka
                                                                          66.326                    70.594                    (4.268)                      -6,05
     Unearned Revenue
     Liabilitas Imbalan Kerja Jangka Panjang
                                                                       1.346.780                1.261.969                      84.811                        6,72
     Long-Term Employee Benefits
 Liabilitas Derivatif
                                                                                  -                       -                         -                            -
 Derivative Liabilities
 Liabilitas Jangka Panjang Lainnya
                                                                          311.707                 246.585                      65.122                      26,41
 Other Long-Term Liabilities
 Total Liabilitas Jangka Panjang
                                                                     81.637.713               68.317.060              13.320.653                           19,50
 Total Long-Term Liabilities
 Total Liabilitas
                                                                    97.633.568                89.883.279                7.750.289                           8,62
 Total Liabilities
*) Disajikan kembali, lihat Catatan 51 pada Laporan Keuangan Konsolidasian Perseroan Tahun Buku 2025
*) Restatement; see Note 51 to the Company’s Consolidated Financial Statements for the 2025 Fiscal Year




360                                                                                     Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 361
06                                   07                                        08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Liabilitas Jangka Pendek                                                         Current Liabilities

Pada tahun 2025, jumlah liabilitas jangka pendek mengalami                       In 2025, the amount of short-term liabilities decreased
penurunan dibandingkan tahun sebelumnya karena                                   compared to the previous year due to the decrease in
penurunan beban akrual atas realisasi insentif kinerja                           accrued expenses due to the realization of the Company’s
Perusahaan, pelunasan PPh 29 Perusahaan, serta penurunan                         performance incentive, settlement of the Company’s Income
utang bank dengan adanya pelunasan di Anak Perusahaan.                           Tax Article 29, and decrease in bank debt due to settlement
                                                                                 at the Subsidiary.



Tabel Liabilitas Jangka Pendek                                                                                                           (dalam jutaan Rupiah)
Table of Current Liabilities                                                                                                                 (in million Rupiah)



                                                                                                                    Pertumbuhan (Penurunan)
                        Uraian                                    2025                                                   Growth (Decline)
                                                                                           2024
                      Description
                                                                                                                       Rp                       %
                            (1)                                     (2)                      (3)                (4) = (2)-(3)            (5) = (4)/(3)
 Utang Usaha
                                                                           71.936                  151.278                   (79.342)                 -52,45
 Accounts Payable

 Utang Kontraktor
                                                                         402.940                   494.361                   (91.421)                 -18,49
 Contractors Payable

 Utang Pajak
                                                                          419.456               1.807.837               (1.388.381)                   -76,80
 Taxes Payable

 Beban Akrual
                                                                        9.367.488             11.403.302               (2.035.814)                   -17,85%
 Accrued Expenses

 Utang Bank
                                                                           57.559                630.868                    (573.309)                 -90,88
 Bank Loans

 Utang Lembaga Keuangan Bukan Bank
                                                                                -                         -                         -                        -
 Non-Bank Financial Institutions Loan

 Liabilitas Jangka Panjang yang Jatuh Tempo
 dalam Satu Tahun:
 Current Maturities of Long-Term Liabilities

     Utang Bank
                                                                        3.622.723              4.882.857                (1.260.134)                   -25,81
     Bank Loans

     Utang Lembaga Keuangan Bukan Bank
                                                                                -                         -                         -                        -
     Non-Bank Financial Institutions Loan

     Utang Obligasi
                                                                                -                286.000                    (286.000)                -100,00
     Bonds Payable

     Liabilitas Pembebasan Tanah
                                                                                -                         -                         -                        -
     Land Acquisition Liabilities

     Liabilitas Sewa
                                                                           87.593                   64.199                    23.394                   36,44
     Lease Liabilities

     Provisi Pelapisan Jalan Tol
                                                                          716.991                  728.154                    (11.163)                  -1,53
     Provision for Overlay

     Pendapatan Diterima di Muka
                                                                          130.663                  104.112                    26.551                   25,50
     Unearned Revenue

     Liabilitas Imbalan Kerja
                                                                           53.761                  45.228                      8.533                    18,87
     Employee Benefits Liability

 Liabilitas Keuangan Jangka Pendek Lainnya
                                                                        1.064.745                968.023                      96.722                     9,99
 Other Current Financial Liability

 Total Liabilitas Jangka Pendek
                                                                    15.995.855                21.566.219              (5.570.364)                    -25,83
 Total Current Liabilities



Utang Usaha                                                                      Accounts Payable

Perseroan mencatatkan penurunan utang usaha di tahun                             The Company recorded a decrease in accounts payable in
2025 dibandingkan tahun sebelumnya karena penurunan                              2025 compared to the previous year due to the reduction of
utang kepada pemasok atas pengadaan jasa pemeliharaan                            payable amounts to suppliers for toll road maintenance and
dan pembersihan jalan tol.                                                       cleaning services.



PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                                   361
Page 362
01                                 02                  03                      04                                             05
Ikhtisar Kinerja Utama             Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report   Company Profile          Management Discussion and Analysis             Business Support Functions




Tabel Utang Usaha                                                                                                                 (dalam jutaan Rupiah)
Table of Accounts Payable                                                                                                             (in million Rupiah)



                                                                                                         Pertumbuhan (Penurunan)
                        Uraian                            2025                                                Growth (Decline)
                                                                                  2024
                      Description
                                                                                                            Rp                           %
                             (1)                            (2)                     (3)               (4) = (2)-(3)               (5) = (4)/(3)
 Pihak Berelasi
                                                                    2.831                   5.748                   (2.917)                    -50,75
 Related Parties
 Pihak Ketiga
                                                                   69.105                 145.530               (76.425)                       -52,51
 Third Parties
 Total                                                            71.936                  151.278              (79.342)                       -52,45




Utang Kontraktor Jangka Pendek                                            Short-Term Contractor Payables

Di tahun 2025, utang kontraktor jangka pendek tercatat                    In 2025, short-term contractor liabilities decreased
mengalami penurunan dibandingkan tahun sebelumnya                         compared to the previous year due to the settlement of
yang disebabkan oleh pelunasan utang kontraktor jangka                    short-term contractor debts in the subsidiaries.
pendek di Anak Perusahaan.

Tabel Utang Kontraktor                                                                                                            (dalam jutaan Rupiah)
Table of Contractor Payables                                                                                                          (in million Rupiah)



                                                                                                         Pertumbuhan (Penurunan)
                        Uraian                            2025                                                Growth (Decline)
                                                                                  2024
                      Description
                                                                                                            Rp                           %
                             (1)                            (2)                     (3)               (4) = (2)-(3)               (5) = (4)/(3)
 Pihak Berelasi
                                                                  94.068                  100.733                   (6.665)                     -6,62
 Related Parties
 Pihak Ketiga
                                                                308.872                 393.628                 (84.756)                       -21,53
 Third Parties
 Total                                                         402.940                 494.361                  (91.421)                       -18,49



Utang Pajak                                                               Tax Payable

Utang pajak Perseroan di tahun 2025 mengalami penurunan                   The Company’s tax payable in 2025 decreased compared
dibandingkan tahun sebelumnya karena pelunasan utang                      to the previous year due to the settlement of the company’s
PPh 29 Perusahaan.                                                        Article 29 income tax (PPh 29) payable.

Tabel Utang Pajak                                                                                                                 (dalam jutaan Rupiah)
Table of Tax Payable                                                                                                                  (in million Rupiah)



                                                                                                         Pertumbuhan (Penurunan)
                        Uraian                            2025                                                Growth (Decline)
                                                                                  2024
                      Description
                                                                                                            Rp                           %
                             (1)                            (2)                     (3)               (4) = (2)-(3)               (5) = (4)/(3)
 Perseroan
                                                                  196.735             1.666.922              (1.470.187)                       -88,20
 The Company
 Entitas Anak
                                                                  222.721                 140.915                   81.806                      58,05
 Subsidiaries
 Total                                                          419.456              1.807.837              (1.388.381)                        -76,80



Beban Akrual Jangka Pendek                                                Short-Term Accrued Expenses

Pada tahun 2025, beban akrual jangka pendek Perseroan                     In 2025, the Company’s short-term accrued expenses
mengalami penurunan dibandingkan tahun sebelumnya                         decreased compared to the previous year due to the
disebabkan oleh realisasi akrual insentif.                                realization of accrual incentives.




362                                                                           Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 363
06                                   07                                        08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Utang Bank Jangka Pendek                                                         Short-Term Bank Loans

Utang bank jangka pendek di tahun 2025 menurun                                   Short-term bank loans in 2025 decreased compared to the
dibandingkan tahun sebelumnya karena pelunasan utang                             previous year due to repayment of bank loans at Subsidiaries.
bank di Anak Perusahaan.

Tabel Utang Bank Jangka Pendek                                                                                                          (dalam jutaan Rupiah)
Table of Short-Term Bank Loans                                                                                                              (in million Rupiah)



                                                                                                                    Pertumbuhan (Penurunan)
                      Uraian                                      2025                                                   Growth (Decline)
                                                                                           2024
                    Description
                                                                                                                       Rp                      %
                            (1)                                     (2)                      (3)                (4) = (2)-(3)           (5) = (4)/(3)
 Pihak Berelasi
                                                                                -                         -                         -                       -
 Related Parties

 Pihak Ketiga
                                                                           57.559                630.868                    (573.309)                -90,88
 Third Parties

 Total                                                                    57.559                630.868                     (573.309)               -90,88




Utang Lembaga Keuangan Bukan Bank                                                Non-Bank Financial Institutions Loan

Utang lembaga keuangan bukan bank mengalami penurunan                            Non-bank financial institution debt decreased in 2025 due
di tahun 2025 disebabkan oleh pelunasan yang dilakukan                           to settlement of the non-bank financial institutions loan.
oleh Perseroan terhadap utang lembaga keuangan bukan
bank.

Tabel Utang Lembaga Keuangan Bukan Bank                                                                                                 (dalam jutaan Rupiah)
Table of Non-Bank Financial Institutions Loan                                                                                               (in million Rupiah)



                                                                                                                    Pertumbuhan (Penurunan)
                      Uraian                                      2025                                                   Growth (Decline)
                                                                                           2024
                    Description
                                                                                                                       Rp                      %
                            (1)                                     (2)                      (3)                (4) = (2)-(3)           (5) = (4)/(3)
 Pihak Berelasi
                                                                                -                272.000                            -                       -
 Related Parties

 Total                                                                          -                272.000                            -                       -

                                                                                 Current Maturities of Long-Term Liabilities

Liabilitas Jangka Panjang yang Jatuh Tempo dalam Satu
Tahun                                                                            In 2025, current maturities of long-term liabilities decreased
                                                                                 compared to 2024 due to repayment of bank loan at the
Di tahun 2025, liabilitas jangka panjang yang jatuh tempo                        Company’s Subsidiaries.
dalam satu tahun mengalami penurunan dibandingkan
tahun 2024 karena adanya pelunasan utang bank di Anak
Perusahaan Perseroan.

Tabel Liabilitas Jangka Panjang yang Jatuh Tempo dalam Satu Tahun                                                                       (dalam jutaan Rupiah)
Table of Current Maturities of Long-Term Liabilities                                                                                        (in million Rupiah)



                                                                                                                    Pertumbuhan (Penurunan)
                      Uraian                                      2025                                                   Growth (Decline)
                                                                                           2024
                    Description
                                                                                                                       Rp                      %
                            (1)                                     (2)                      (3)                (4) = (2)-(3)           (5) = (4)/(3)
 Utang Bank
                                                                        3.622.723              4.882.857                (1.260.134)                  -25,81
 Bank Loans

 Utang Lembaga Keuangan Bukan Bank
                                                                                -                         -                         -                       -
 Non-Bank Financial Institutions Loan




PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                                363
Page 364
01                                   02                  03                      04                                              05
Ikhtisar Kinerja Utama               Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen                Fungsi Penunjang Bisnis
Main Performace Highlights           Management Report   Company Profile          Management Discussion and Analysis              Business Support Functions




Tabel Liabilitas Jangka Panjang yang Jatuh Tempo dalam Satu Tahun                                                                    (dalam jutaan Rupiah)
Table of Current Maturities of Long-Term Liabilities                                                                                     (in million Rupiah)



                                                                                                           Pertumbuhan (Penurunan)
                        Uraian                              2025                                                Growth (Decline)
                                                                                    2024
                      Description
                                                                                                              Rp                            %
                             (1)                              (2)                     (3)               (4) = (2)-(3)                (5) = (4)/(3)
 Utang Obligasi
                                                                            -            286.000                (286.000)                        -100,00
 Bonds Payable

 Liabilitas Pembebasan Tanah
                                                                            -                     -                         -                            -
 Land Acquisition Liabilities

 Liabilitas Sewa
                                                                     87.593                  64.199                   23.394                       36,44
 Lease Liabilities

 Provisi Pelapisan Jalan Tol
                                                                    716.991                 728.154                   (11.163)                      -1,53
 Provision for Overlay

 Pendapatan Diterima di Muka
                                                                    130.663                 104.112                    26.551                      25,50
 Unearned Revenue

 Liabilitas Imbalan Kerja
                                                                     53.761                 45.228                     8.533                        18,87
 Employee Benefits Liability

 Total                                                          4.611.731              6.110.550              (1.498.819)                        -24,53




Liabilitas Keuangan Jangka Pendek Lainnya                                   Other Current Financial Liabilities

Liabilitas keuangan jangka pendek lainnya mengalami                         Other short-term financial liabilities increased in 2025
peningkatan di tahun 2025 jika dibandingkan dengan tahun                    compared to the previous year due to the increase in
sebelumnya yang disebabkan oleh peningkatan utang                           minority shareholder dividend payable.
dividen pemegang saham minoritas.

Tabel Liabilitas Keuangan Jangka Pendek Lainnya                                                                                      (dalam jutaan Rupiah)
Table of Other Current Financial Liabilities                                                                                             (in million Rupiah)


                                                                                                           Pertumbuhan (Penurunan)
                        Uraian                              2025                                                Growth (Decline)
                                                                                   2024*
                      Description
                                                                                                              Rp                            %
                             (1)                              (2)                     (3)               (4) = (2)-(3)                (5) = (4)/(3)
 Pihak Berelasi
 Related Parties

     Utang Titipan
                                                                    48.480                  52.923                    (4.443)                      -8,40
     Deposit Payable

 Pihak Ketiga
 Third Parties

     Utang Pencadangan (Multi Lane Free Flow)
                                                                    401.004                 421.353               (20.349)                         -4,83
     Provisions for Multi Lane Free Flow

     Utang Titipan
                                                                    175.244                 229.313               (54.069)                        -23,58
     Deposit Payable

     Utang Dividen Pemegang Saham Minoritas
                                                                    175.000                     50                    174.950               349.900,00
     Minority Shareholder Dividend Payable

     Utang Jaminan Pihak Lain
                                                                     19.204                  27.534                   (8.330)                   -30,25%
     Guarantee Payable

     Lainnya (di bawah Rp2.000)
                                                                    245.813              236.850                       8.963                         3,78
     Others (below Rp2,000)

 Total                                                          1.064.745                968.023                      96.722                        9,99
*) Disajikan kembali | Restatement




364                                                                             Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 365
06                                   07                                         08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




Liabilitas Jangka Panjang                                                         Non-Current Liabilities

Liabilitas jangka panjang Perseroan di tahun 2025 mengalami                       The Company’s non-current liabilities in 2025 increased
peningkatan dibandingkan tahun sebelumnya terutama                                compared to the previous year, mainly due to the increase in
disebabkan oleh peningkatan cadangan imbalan pasca kerja                          the Company’s post-employment benefit reserves and bank
Perusahaan dan utang bank atas Anak Perusahaan.                                   loans on Subsidiaries.

Tabel Liabilitas Jangka Panjang                                                                                                          (dalam jutaan Rupiah)
Table of Non-Current Liabilities                                                                                                             (in million Rupiah)



                                                                                                                     Pertumbuhan (Penurunan)
                        Uraian                                     2025                                                   Growth (Decline)
                                                                                            2024*
                      Description
                                                                                                                        Rp                      %
                            (1)                                     (2)                       (3)                (4) = (2)-(3)           (5) = (4)/(3)
 Liabilitas Pajak Tangguhan
                                                                        5.607.408               5.229.244                     378.164                    7,23
 Deferred Tax Liabilities

 Utang Kontraktor Jangka Panjang
                                                                         1.375.330                  967.428                   407.902                   42,16
 Long-Term Contractors Payable

 Beban Akrual Jangka Panjang
                                                                          712.202                 700.629                       11.573                   1,65
 Long-Term Accrued Expenses

 Liabilitas Jangka Panjang - Setelah Dikurangi
 Bagian yang Jatuh Tempo dalam Satu Tahun:
 Long-Term Liabilities – Net of Current Maturities

     Utang Bank
                                                                     68.800.868                 57.178.416               11.622.452                    20,33
     Bank Loans

     Utang Lembaga Keuangan Bukan Bank
                                                                                 -                272.000                    (272.000)               -100,00
     Non-Bank Financial Institutions Loan

     Utang Obligasi
                                                                        2.536.062                1.538.161                    997.901                  64,88
     Bonds Payable

     Liabilitas Pembebasan Tanah
                                                                          108.292                   109.008                      (716)                 -0,66
     Land Acquisition Liabilities

     Liabilitas Sewa
                                                                           101.997                   59.819                     42.178                  70,51
     Lease Liabilities

     Provisi Pelapisan Jalan Tol
                                                                          670.741                 683.207                     (12.466)                  -1,82
     Provision for Overlay

     Pendapatan Diterima di Muka
                                                                           66.326                   70.594                     (4.268)               -6,05%
     Unearned Revenue

     Liabilitas Imbalan Kerja Jangka Panjang
                                                                         1.346.780               1.261.969                      84.811                 6,72%
     Long-Term Employee Benefits

 Liabilitas Derivatif
                                                                                 -                         -                         -                       -
 Derivative Liabilities

 Liabilitas Jangka Panjang Lainnya
                                                                           311.707                246.585                       65.122               26,41%
 Other Long-Term Liabilities

 Total Liabilitas Jangka Panjang
                                                                        81.637.713            68.317.060                13.320.653                   19,50%
 Total Long-Term Liabilities
*) Disajikan kembali, lihat Catatan 51 pada Laporan Keuangan Konsolidasian Perseroan Tahun Buku 2025
*) Restatement; see Note 51 to the Company’s Consolidated Financial Statements for the 2025 Fiscal Year



Liabilitas Pajak Tangguhan                                                        Deferred Tax Liabilities

Pada tahun 2025, liabilitas pajak tangguhan mengalami                             In 2025, deferred tax liabilities increased compared to the
peningkatan dibandingkan tahun sebelumnya terutama                                previous year, mainly due to the increase in Subsidiaries.
disebabkan oleh peningkatan pada Anak Perusahaan.



Utang Kontraktor Jangka Panjang                                                   Long-Term Contractors Payable

Utang kontraktor jangka panjang di tahun 2025 mengalami                           Long-term contractors payable in 2025 increased compared
peningkatan dibandingkan tahun sebelumnya karena                                  to the previous year due to the increased retention at
peningkatan retensi pada Anak Perusahaan.                                         Subsidiaries.



PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                                  365
Page 366
01                                   02                  03                      04                                             05
Ikhtisar Kinerja Utama               Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights           Management Report   Company Profile          Management Discussion and Analysis             Business Support Functions




Tabel Utang Kontraktor Jangka Panjang                                                                                               (dalam jutaan Rupiah)
Table of Long-Term Contractors Payable                                                                                                  (in million Rupiah)


                                                                                                           Pertumbuhan (Penurunan)
                        Uraian                              2025                                                Growth (Decline)
                                                                                   2024*
                      Description
                                                                                                              Rp                           %
                             (1)                              (2)                     (3)               (4) = (2)-(3)               (5) = (4)/(3)
 Pihak Berelasi
                                                                    551.544                 785.561              (234.017)                       -29,79
 Related Parties

 Pihak Ketiga
                                                                  823.786                   181.867                   641.919                   352,96
 Third Parties

 Total                                                          1.375.330                967.428                  407.902                         42,16
*) Disajikan kembali | Restatement




Beban Akrual Jangka Panjang                                                 Long-Term Accrued Expenses

Beban akrual jangka panjang di tahun 2025 mengalami                         Long-term accrual expenses in 2025 increased compared to
peningkatan dibandingkan tahun sebelumnya karena                            the previous year due to the increase in Land Bridging Fund
peningkatan akrual nilai tambah Dana Talangan Tanah (DTT)                   (DTT) value added accrual at Subsidiaries.
pada Anak Perusahaan.

Tabel Beban Akrual Jangka Panjang                                                                                                   (dalam jutaan Rupiah)
Table of Long-Term Accrued Expenses                                                                                                     (in million Rupiah)


                                                                                                           Pertumbuhan (Penurunan)
                        Uraian                              2025                                                Growth (Decline)
                                                                                   2024*
                      Description
                                                                                                              Rp                           %
                             (1)                              (2)                     (3)               (4) = (2)-(3)               (5) = (4)/(3)
 Beban Kontraktor dan Konsultan
                                                                6.255.335              8.674.580               (2.419.245)                       -27,89
 Contractors and Consultant Expense

 Beban Umum dan Administrasi
                                                                 1.896.911              1.608.531                  288.380                         17,93
 General and Administrative Expenses

 Akrual Insentif Kinerja
                                                                1.072.965                984.702                      88.263                        8,96
 Performance Incentive Accrual

 Hutang Investasi ke Pemerintah
                                                                    712.202              700.630                       11.572                       1,65
 Government’s Investment Liability

 Beban Bunga
                                                                    125.054                 127.347                   (2.293)                      -1,80
 Interest Expense

 Lain-Lain
                                                                     17.223                   8.141                    9.082                      111,56
 Others

 Total                                                        10.079.690              12.103.931              (2.024.241)                        -16,72

 Dikurangi Bagian Lancar
                                                                9.367.488             11.403.302               (2.035.814)                        -17,85
 Net of Current Portion

 Bagian Tidak Lancar
                                                                  712.202                700.629                       11.573                       1,65
 Non-current Portion
*) Disajikan kembali | Restatement




Liabilitas Jangka Panjang-Setelah Dikurangi Bagian yang                     Long-Term Liabilities – Net of Current Maturities
Jatuh Tempo dalam Satu Tahun

Pada tahun 2025, liabilitas jangka panjang – setelah                        In 2025, long-term liabilities – net of current maturities –
dikurangi bagian yang jatuh tempo dalam satu tahun                          increased compared to the previous year due to new bank
mengalami peningkatan dibandingkan tahun sebelumnya                         loan withdrawals by Subsidiaries.
karena penarikan utang bank baru di Anak Perusahaan.




366                                                                             Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 367
06                                   07                                        08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Tabel Liabilitas Jangka Panjang-Setelah Dikurangi Bagian yang Jatuh Tempo dalam Satu Tahun                                              (dalam jutaan Rupiah)
Table of Long-Term Liabilities – Net of Current Maturities                                                                                  (in million Rupiah)



                                                                                                                    Pertumbuhan (Penurunan)
                        Uraian                                    2025                                                   Growth (Decline)
                                                                                           2024*
                      Description
                                                                                                                       Rp                      %
                            (1)                                     (2)                      (3)                (4) = (2)-(3)           (5) = (4)/(3)
 Utang Bank
                                                                    68.800.868                 57.178.416               11.622.452                    20,33
 Bank Loans

 Utang Lembaga Keuangan Bukan Bank
                                                                                -                272.000                    (272.000)               -100,00
 Non-Bank Financial Institutions Loan

 Utang Obligasi
                                                                        2.536.062               1.538.161                    997.901                  64,88
 Bonds Payable

 Liabilitas Pembebasan Tanah
                                                                          108.292                  109.008                      (716)                 -0,66
 Land Acquisition Liabilities

 Liabilitas Sewa
                                                                          101.997                   59.819                     42.178                  70,51
 Lease Liabilities

 Provisi Pelapisan Jalan Tol
                                                                          670.741                683.207                     (12.466)                  -1,82
 Provision for Overlay

 Pendapatan Diterima di Muka
                                                                          66.326                   70.594                     (4.268)                 -6,05
 Unearned Revenue

 Liabilitas Imbalan Kerja Jangka Panjang
                                                                        1.346.780               1.261.969                      84.811                   6,72
 Long-Term Employee Benefits Liabilities

 Total                                                              73.631.066                 61.173.174              12.457.892                     20,36
*) Disajikan kembali | Restatement




Liabilitas Derivatif                                                             Derivative Liabilities

Liabilitas derivatif mengalami nihil pada tahun 2025 karena                      Derivative liabilities will be zero in 2025 because there are
tidak terdapat kontrak derivatif yang masih berlaku.                             no outstanding derivative contracts.

Tabel Liabilitas Derivatif                                                                                                              (dalam jutaan Rupiah)
Table of Derivative Liabilities                                                                                                             (in million Rupiah)



                                                                                                                    Pertumbuhan (Penurunan)
                        Uraian                                    2025                                                   Growth (Decline)
                                                                                           2024
                      Description
                                                                                                                       Rp                      %
                            (1)                                     (2)                      (3)                (4) = (2)-(3)           (5) = (4)/(3)
 Lindung Nilai Arus Kas
                                                                                -                         -                         -                       -
 Cash Flow Hedging

 Total                                                                          -                         -                         -                       -



Liabilitas Jangka Panjang Lainnya                                                Other Long-Term Liabilities

Perseroan mencatatkan peningkatan liabilitas jangka                              The Company recorded an increase in other long-term
panjang lainnya dibandingkan tahun sebelumnya karena                             liabilities compared to the previous year due to the
disebabkan oleh reklasifikasi dari liabilitas jangka pendek.                     reclassification of current liabilities.



Ekuitas                                                                          Equity

Sampai dengan 31 Desember 2025, ekuitas Perseroan                                Up to December 31, 2025, the Company’s equity increased
mengalami peningkatan dibandingkan tahun sebelumnya.                             compared to the previous year. This was due to the increase
Hal tersebut disebabkan oleh peningkatan saldo laba.                             in retained earnings.




PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                                 367
Page 368
01                                 02                          03                        04                                             05
Ikhtisar Kinerja Utama             Laporan Manajemen           Profil Perusahaan          Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report           Company Profile            Management Discussion and Analysis             Business Support Functions




Tabel Ekuitas                                                                                                                               (dalam jutaan Rupiah)
Equity Table                                                                                                                                    (in million Rupiah)



                                                                                                                   Pertumbuhan (Penurunan)
                        Uraian                                     2025                                                 Growth (Decline)
                                                                                           2024*
                      Description
                                                                                                                      Rp                           %
                             (1)                                    (2)                       (3)               (4) = (2)-(3)               (5) = (4)/(3)
 Ekuitas
 Equity

 Ekuitas yang Dapat Diatribusikan Kepada Pemilik Entitas Induk
 Equity Attributable to Owners of the Parent Entity

 Modal Saham - Nilai Nominal Rp 500 (Rupiah
 Penuh) per Saham
 Modal Dasar 19.040.000.000 Saham
 Modal Ditempatkan dan Disetor Penuh - 1 Saham
 Seri A Dwiwarna dan 7.257.871.199 Saham Seri B
                                                                      3.628.936                 3.628.936                           -                       0,00
 Capital Stock – Rp 500 Par Value (Full Rupiah)
 per Share
 Authorized Capital 19,040,000,000 Shares
 Issued and Fully Paid Capital – 1 Series A Dwiwarna
 Share and 7,257,871,199 Series B Shares

 Tambahan Modal Disetor – Neto
                                                                       3.997.085                3.997.085                           -                       0,00
 Additional Paid-in Capital – Net

 Selisih atas Transaksi Entitas Non-Pengendali
 Difference from Non-Controlling Interest                              1.955.333                1.955.333                           -                       0,00
 Transactions

 Saldo Laba
 Retained Earnings

     Telah Ditentukan Penggunaannya
                                                                       8.971.304                8.971.304                           -                       0,00
     Appropriated

     Belum Ditentukan Penggunaannya
                                                                     20.481.497                17.955.853               2.525.644                          14,07
     Unappropriated

 Penghasilan Komprehensif Lain:
 Other Comprehensive Income:

     Kerugian yang Belum Direalisasi dari Aset
     Keuangan pada Nilai Wajar
                                                                     (1.352.992)              (1.344.089)                     (8.903)                    0,66%
     Unrealized Loss on Financial Assets at Fair
     Value

     Pengukuran Nilai Wajar Derivatif Lindung Nilai
     Arus Kas
                                                                                  -                       -                         -                           -
     Measurement of Fair Value Derivative for
     Cashflow Hedge

     Pengukuran Kembali Liabilitas Imbalan Kerja
     Jangka Panjang
                                                                     (1.325.549)               (1.130.887)               (194.662)                       17,21%
     Remeasurement of Long-Term Employee
     Benefits Liability

 Ekuitas Neto yang Dapat Diatribusikan kepada:
 Net Equity Attributable to:

     Pemilik Entitas Induk
                                                                     36.355.614               34.033.535                2.322.079                         6,82%
     Owners of the Parent Entity

     Kepentingan Non Pengendali
                                                                     26.006.103               24.799.706                 1.206.397                       4,86%
     Non-Controlling Interests

 Total Ekuitas
                                                                     62.361.717               58.833.241               3.528.476                         6,00%
 Total Equity

 Total Liabilitas dan Ekuitas
                                                                   159.995.285               148.716.520               11.278.765                        7,58%
 Total Liabilities and Equity
*) Disajikan kembali, lihat Catatan 51 pada Laporan Keuangan Konsolidasian Perseroan Tahun Buku 2025
*) Restatement; see Note 51 to the Company’s Consolidated Financial Statements for the 2025 Fiscal Year




368                                                                                     Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 369
06                                   07                                         08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




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

Tabel Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian                                                                   (dalam jutaan Rupiah)
Table of Consolidated Statements of Profit or Loss and Other Comprehensive Income                                                              (in million Rupiah)



                                                                                                                     Pertumbuhan (Penurunan)
                      Uraian                                      2025                                                    Growth (Decline)
                                                                                            2024*
                    Description
                                                                                                                        Rp                       %
                            (1)                                     (2)                       (3)                (4) = (2)-(3)            (5) = (4)/(3)
 Pendapatan
 Revenues

 Pendapatan Tol
                                                                        18.153.333             17.222.334                     930.999                     5,41
 Toll Operating Revenues

 Pendapatan Usaha Lainnya
                                                                         1.657.891                1.511.810                    146.081                    9,66
 Other Operating Revenues

 Pendapatan Konstruksi
                                                                        10.079.023              13.021.772              (2.942.749)                    -22,60
 Construction Revenue

 Total                                                              29.890.247                 31.755.916               (1.865.669)                     -5,88

 Beban Pokok Pendapatan
 Cost of Revenues

 Beban Tol dan Usaha Lainnya
                                                                        (8.082.117)            (7.495.137)                   (586.980)                    7,83
 Toll and Other Operating Expenses

 Beban Konstruksi
                                                                   (10.021.420)              (12.949.812)                    2.928.392                 -22,61
 Construction Expense

 Total                                                             (18.103.537)            (20.444.949)                      2.341.412                 -11,45

 Laba Bruto
                                                                        11.786.710             11.310.967                     475.743                     4,21
 Gross Profit

 Penghasilan Keuangan
                                                                          296.641                   267.647                    28.994                   10,83
 Finance Income

 Penghasilan Lain-Lain
                                                                          250.941                 260.947                     (10.006)                  -3,83
 Other Income

 Beban Umum dan Administrasi
                                                                    (2.482.336)               (2.334.415)                     (147.921)                   6,34
 General and Administrative Expenses

 Beban Lain-Lain
                                                                         (152.155)               (168.286)                       16.131                 -9,59
 Other Expenses

 Beban Pajak atas Penghasilan Keuangan
                                                                          (53.343)                  (47.759)                   (5.584)                   11,69
 Tax Expense of Finance Income

 Keuntungan dari Nilai Wajar Investasi Asosiasi
                                                                                  -                 186.407                  (186.407)                -100,00
 Gain on Fair Value of Investment in Associates

 Kerugian dari Nilai Wajar Investasi Jangka
 Pendek                                                                           -              (144.002)                    144.002                 -100,00
 Loss on Fair Value of Short-Term Investments

 Keuntungan dari Pembelian dengan Diskon
                                                                                  -                 176.271                   (176.271)               -100,00
 Gain on Bargain Purchase

 Laba Usaha
                                                                        9.646.458               9.507.777                     138.681                     1,46
 Profit from Operations

 EBITDA                                                             13.273.673                 12.614.607                     659.066                    5,22

 Biaya Keuangan – Neto
                                                                    (3.603.869)               (4.026.337)                     422.468                  -10,49
 Finance Costs – Net

 Bagian atas Laba (Rugi) Neto Entitas Asosiasi
 dan Ventura Bersama
                                                                           311.233                  281.845                    29.388                   10,43
 Share in Net Gain (Loss) of Associates and Joint
 Ventures




PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                                   369
Page 370
01                                 02                  03                     04                                              05
Ikhtisar Kinerja Utama             Laporan Manajemen   Profil Perusahaan       Analisa dan Pembahasan Manajemen                Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report   Company Profile         Management Discussion and Analysis              Business Support Functions




Tabel Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian                                                           (dalam jutaan Rupiah)
Table of Consolidated Statements of Profit or Loss and Other Comprehensive Income                                                      (in million Rupiah)



                                                                                                        Pertumbuhan (Penurunan)
                        Uraian                            2025                                               Growth (Decline)
                                                                                2024*
                      Description
                                                                                                           Rp                            %
                             (1)                            (2)                    (3)               (4) = (2)-(3)                (5) = (4)/(3)
 Laba Sebelum Pajak Penghasilan
                                                             6.353.822              5.763.285                  590.537                        10,25%
 Profit Before Income Tax

     Kini
                                                             (1.135.987)             (962.010)                (173.977)                       18,08%
     Current

     Tangguhan
                                                               (410.831)              804.360                (1.215.191)                    -151,08%
     Deferred

 Total Beban Pajak Penghasilan
                                                             (1.546.818)             (157.650)              (1.389.168)                      881,17%
 Total Income Tax Expense

 Laba (Rugi) Tahun Berjalan
                                                             4.807.004              5.605.635                (798.631)                       -14,25%
 Profit (Loss) for the Year

 Penghasilan (Beban) Komprehensif Lain
 Other Comprehensive Income (Expense)

 Pos-pos yang tidak akan Direklasifikasi ke Laba Rugi Tahun Berikutnya
 Items that will not be Reclassified to Profit or Loss in Subsequent Year

     Pengukuran Kembali Liabilitas Imbalan Kerja
     Jangka Panjang
                                                               (228.871)                   5.010              (233.881)                    -4668,28
     Remeasurements of Long-Term Employee
     Benefits Liability

     Bagian atas Laba (Rugi) Komprehensif Lain
     atas Asosiasi dan Ventura Bersama
                                                                    (161)                  (649)                       488                      -75,19
     Share in Other Comprehensive Gain (Loss) of
     Associates and Joint Ventures

     Pajak Penghasilan Terkait
                                                                  39.856                 42.867                     (3.011)                      -7,02
     Related Tax

     Keuntungan (rugi) yang belum direalisasi dari
     aset keuangan lainnya pada nilai wajar
                                                                (15.644)                   1.436                   (17.080)               -1189,42%
     Unrealised gains (losses) on other financial
     assets at fair value
 Pos-pos yang akan Direklasifikasi ke Laba Rugi Tahun Berikutnya
 Items that will be Reclassified to Profit and Loss in Subsequent Year
     Keuntungan yang belum direalisasi dari
     aset keuangan lainnya dan investasi jangka
     pendek pada nilai wajar                                       1.405             (383.555)                 384.960                         100,37
     Unrealized gain on other financial assets and
     short term investment measured at fair value
     Penyesuaian Reklasifikasi atas Investasi
     Jangka Pendek Diukur Nilai Wajar
                                                                          -              144.002              (144.002)                       -100,00
     Reclassification Adjustment on Short-Term
     Investment Measured at Fair Value
     Pengukuran Nilai Wajar Derivatif Lindung Nilai
     Arus Kas
                                                                          -              53.555                (53.555)                       -100,00
     Measurement of Fair Value Derivative for
     Cashflow Hedge
     Pajak Penghasilan Terkait
                                                                   (518)                    (38)                     (480)                    1263,16
     Related Tax
 Subtotal Pos-Pos yang akan Direklasifikasi ke
 Laba Rugi Tahun Berikutnya
                                                                     887            (186.036)                  186.923                       -100,48
 Subtotal Item that will be Reclassified to Profit
 and Loss in Subsequent Years
 Beban Komprehensif Lain Tahun Berjalan
                                                             (203.933)               (137.372)                (66.561)                         48,45
 Other Comprehensive Expense for the Year
 Total Penghasilan Komprehensif Tahun Berjalan
                                                             4.603.071              5.468.263                (865.192)                         -15,82
 Total Comprehensive Income for the Year




370                                                                           Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 371
06                                   07                                         08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




Tabel Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian                                                                  (dalam jutaan Rupiah)
Table of Consolidated Statements of Profit or Loss and Other Comprehensive Income                                                             (in million Rupiah)



                                                                                                                     Pertumbuhan (Penurunan)
                        Uraian                                    2025                                                    Growth (Decline)
                                                                                            2024*
                      Description
                                                                                                                        Rp                      %
                            (1)                                     (2)                       (3)                (4) = (2)-(3)           (5) = (4)/(3)
 Laba Tahun Berjalan yang dapat Diatribusikan kepada:
 Profit for the Year Attributable to:
 Pemilik Entitas Induk
                                                                        3.659.535               4.533.007                    (873.472)                -19,27
 Owners of the Parent Entity
 Kepentingan Non Pengendali
                                                                         1.147.469               1.072.628                      74.841                   6,98
 Non-Controlling Interest
 Total                                                                  4.807.004              5.605.635                     (798.631)                -14,25
 Total Penghasilan Komprehensif Tahun Berjalan yang Dapat Diatribusikan kepada:
 Total Comprehensive Income for the Year Attributable to:
 Pemilik Entitas Induk
                                                                        3.455.970               4.414.990                    (959.020)                 -21,72
 Owners of the Parent Entity
 Kepentingan Non Pengendali
                                                                          1.147.101              1.053.273                     93.828                    8,91
 Non-Controlling Interest
 Total                                                                  4.603.071              5.468.263                     (865.192)                -15,82
 Laba per Saham (Rupiah Penuh)
                                                                              504                      625                       (121)                -19,36
 Earnings per Share (Full Rupiah)
*) Disajikan kembali | Restatement




Pendapatan                                                                        Revenues

Pendapatan Perseroan terdiri dari pendapatan tol dan usaha                        The Company’s revenues consist of toll revenue and other
lainnya serta pendapatan konstruksi. Untuk dapat melakukan                        businesses, as well as construction revenue. To perform an
analisa kinerja secara tepat, diharapkan dapat menggunakan                        accurate performance analysis, it is expected that revenues
pendapatan di luar pendapatan konstruksi, mengingat                               other than construction revenue will be used, considering
pendapatan konstruksi akan di net-off dengan beban                                that construction revenue will be netted off with construction
konstruksi dan margin yang didapatkan tidak signifikan.                           expenses, and the margin obtained is insignificant.

Pada tahun 2025, pendapatan Perseroan mengalami                                   In 2025, the Company’s revenues experienced decrease due
penurunan disebabkan oleh penurunan pendapatan                                    to the decline in construction revenue at Subsidiaries.
konstruksi pada anak Perusahaan.

Tabel Pendapatan                                                                                                                         (dalam jutaan Rupiah)
Revenues Table                                                                                                                               (in million Rupiah)



                                                                                                                     Pertumbuhan (Penurunan)
                        Uraian                                    2025                                                    Growth (Decline)
                                                                                            2024
                      Description
                                                                                                                        Rp                      %
                            (1)                                     (2)                       (3)                (4) = (2)-(3)           (5) = (4)/(3)
 Pendapatan Tol dan Usaha Lainnya
                                                                        19.811.224             18.734.144                    1.077.080                   5,75
 Toll and Other Operating Revenues

 Pendapatan Konstruksi
                                                                        10.079.023              13.021.772              (2.942.749)                   -22,60
 Construction Revenue

 Total                                                              29.890.247                 31.755.916               (1.865.669)                    -5,88




PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                                   371
Page 372
01                                 02                  03                      04                                             05
Ikhtisar Kinerja Utama             Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report   Company Profile          Management Discussion and Analysis             Business Support Functions




Pendapatan Usaha                                                          Operating Revenues

Perseroan mencatatkan peningkatan pendapatan usaha                        The Company recorded an increase in operating revenues in
di tahun 2025 dibandingkan tahun sebelumnya. Hal ini                      2025 compared to the previous year. This was mostly due
disebabkan oleh diutamakan oleh peningkatan pendapatan                    to increased revenue from the new Jogja-Solo route, which
atas ruas Jogja-Solo yang baru beroperasi di 2025,                        began operating in 2025; from the Jakarta-Tangerang route
peningkatan ruas Jakarta-Tangerang dan ruas Dalam                         and inner-city routes in connection with fare adjustments;
Kota sehubungan dengan penyesuaian tarif, serta efek                      and from the consolidation of PT JPT in December 2024.
konsolidasi PT JPT pada Desember 2024.

Tabel Pendapatan Usaha                                                                                                            (dalam jutaan Rupiah)
Operating Revenues Table                                                                                                              (in million Rupiah)



                                                                                                         Pertumbuhan (Penurunan)
                        Uraian                            2025                                                Growth (Decline)
                                                                                  2024
                      Description
                                                                                                            Rp                           %
                             (1)                            (2)                     (3)               (4) = (2)-(3)               (5) = (4)/(3)
 Pendapatan Tol
                                                             18.153.333             17.222.334                  930.999                           5,41
 Toll Operating Revenues

 Pendapatan Usaha Lainnya
                                                               1.657.891               1.511.810                    146.081                       9,66
 Other Operating Revenues

 Total                                                       19.811.224             18.734.144                1.077.080                           5,75




Pendapatan Konstruksi                                                     Construction Revenue

Pada tahun 2025, pendapatan konstruksi Perseroan                          In 2025, the Company’s construction revenue decreased
menurun dibandingkan tahun sebelumnya disebabkan                          compared to the previous year due to along with the
oleh seiring dengan selesainya aktivitas kontruksi untuk                  completion of construction activities for several new toll
beberapa pembangunan ruas jalan tol baru.                                 road sections.



Beban Pokok Pendapatan                                                    Cost of Revenues

Beban pokok pendapatan di tahun 2025 meningkat/                           Cost of revenues in 2025 increased/decreased compared to
menurun dibandingkan tahun sebelumnya, disebabkan                         the previous year due to the decline in construction activity
karena menurunnya aktivitas konstruksi untuk ruas jalan tol               in new toll road sections.
baru.

Tabel Beban Pokok Pendapatan                                                                                                      (dalam jutaan Rupiah)
Table of Cost of Revenues                                                                                                             (in million Rupiah)



                                                                                                         Pertumbuhan (Penurunan)
                        Uraian                            2025                                                Growth (Decline)
                                                                                  2024
                      Description
                                                                                                            Rp                           %
                             (1)                            (2)                     (3)               (4) = (2)-(3)               (5) = (4)/(3)
 Beban Tol dan Usaha Lainnya
                                                             (8.082.117)            (7.495.137)               (586.980)                           7,83
 Toll and Other Operating Expenses

 Beban Konstruksi
                                                            (10.021.420)           (12.949.812)               2.928.392                        -22,61
 Construction Expense

 Total                                                    (18.103.537)           (20.444.949)                 2.341.412                         11,45




372                                                                           Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 373
06                                   07                                        08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Beban Tol dan Usaha Lainnya                                                      Toll and Other Operating Expenses

Pada tahun 2025, beban tol dan usaha lain mengalami                              In 2025, toll charges and other expenses increased
peningkatan dibandingkan tahun sebelumnya yang                                   compared to the previous year due to the accelerated
disebabkan oleh amortisasi dipercepat di ruas milik Induk,                       amortization on sections owned by the Parent Company,
kenaikan Pajak Bumi dan Bangunan (PBB) serta peningkatan                         increases in property tax, and increases in toll road service
beban pelayanan jalan tol.                                                       costs.


Tabel Beban Tol dan Usaha Lainnya                                                                                                      (dalam jutaan Rupiah)
Table of Toll and Other Operating Expenses                                                                                                 (in million Rupiah)



                                                                                                                    Pertumbuhan (Penurunan)
                      Uraian                                      2025                                                   Growth (Decline)
                                                                                           2024
                    Description
                                                                                                                       Rp                     %
                            (1)                                     (2)                      (3)                (4) = (2)-(3)          (5) = (4)/(3)
 Amortisasi
                                                                        2.974.509              2.589.484                    385.025                   14,87
 Amortization

 Harga Pokok Penjualan
                                                                        1.066.721                  911.993                  154.728                   16,97
 Cost of Goods Sold

 Gaji dan Tunjangan
                                                                          918.446                  901.507                   16.939                    1,88
 Salaries and Allowance

 Provisi Pelapisan Ulang Jalan Tol
                                                                          832.158                  896.910                  (64.752)                  -7,22
 Provision for Toll Road Overlay

 Pemeliharaan Jalan dan Sarana Pelengkap
 Jalan Tol
                                                                         660.993                 662.060                     (1.067)                  -0,16
 Maintenance of Roads and Toll Road
 Complementary Facilities

 Pajak Bumi dan Bangunan
                                                                          710.652                622.630                     88.022                   14,14
 Land and Building Tax

 Pelayanan Jalan Tol
                                                                         353.672                 323.776                     29.896                    9,23
 Toll Road Services

 Bahan Bakar, Listrik dan Air
                                                                          150.719                  154.028                   (3.309)                  -2,15
 Fuel, Electricity, and Water

 Pengumpulan Tol
                                                                          179.822                  190.265                  (10.443)                 -5,49
 Toll Collection

 Penyusutan
                                                                          107.982                  116.611                   (8.629)                  -7,40
 Depreciation

 Sewa
                                                                           51.587                  63.262                   (11.675)                -18,45
 Rent

 Lainnya (Di bawah Rp2.000)
                                                                           74.856                   62.611                   12.245                  19,56
 Others (Below Rp2,000)

 Total                                                                  8.082.117              7.495.137                    586.980                    7,83



Beban Konstruksi                                                                 Construction Expense

Beban konstruksi di tahun 2025 mengalami penurunan                               Construction expense in 2025 decreased compared to the
dibandingkan sebelumnya terutama disebabkan oleh                                 previous year, mainly due to the reduction in construction
Penurunan beban konstruksi atas Ruas Probolinggo-                                expenses on the Probolinggo-Banyuwangi, Yogyakarta-
Banyuwangi, Yogyakarta-Bawen, Solo-Yogyakarta, Jakarta-                          Bawen, Solo-Yogyakarta, Jakarta-Cikampek II Selatan, and
Cikampek II Selatan, dan Serpong-Cinere.                                         Serpong-Cinere sections.



Laba Bruto                                                                       Gross Profit

Perseroan mencatatkan pertumbuhan laba bruto di tahun                            The Company recorded an increase in gross profit in 2025
2025 dibandingkan tahun sebelumnya. Hal ini disebabkan                           compared to the previous year. This was due to the decrease
oleh penurunan beban pokok pendapatan.                                           in cost of revenues.




PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                                373
Page 374
01                                 02                  03                      04                                             05
Ikhtisar Kinerja Utama             Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report   Company Profile          Management Discussion and Analysis             Business Support Functions




Tabel Laba Bruto                                                                                                                  (dalam jutaan Rupiah)
Table of Gross Profit                                                                                                                  (in million Rupiah)



                                                                                                         Pertumbuhan (Penurunan)
                        Uraian                            2025                                                Growth (Decline)
                                                                                  2024
                      Description
                                                                                                            Rp                           %
                             (1)                            (2)                     (3)               (4) = (2)-(3)               (5) = (4)/(3)
 Pendapatan
                                                            29.890.247               31.755.916              (1.865.669)                        -5,88
 Revenues

 Beban Pokok Pendapatan
                                                            (18.103.537)          (20.444.949)                 2.341.412                         11,45
 Cost of Revenues

 Total                                                       11.786.710             11.310.967                  475.743                           4,21



Laba Usaha                                                                Profit from Operations

Laba usaha Perseroan di tahun 2025 meningkat                              The Company’s profit from operations in 2025 increased
dibandingkan tahun sebelumnya disebabkan oleh                             compared to the previous year due to the increase in gross
peningkatan laba bruto.                                                   profit.



Tabel Laba Usaha                                                                                                                  (dalam jutaan Rupiah)
Table of Profit from Operations                                                                                                        (in million Rupiah)


                                                                                                         Pertumbuhan (Penurunan)
                        Uraian                            2025                                                Growth (Decline)
                                                                                  2024
                      Description
                                                                                                            Rp                           %
                             (1)                            (2)                     (3)               (4) = (2)-(3)               (5) = (4)/(3)
 Laba Bruto
                                                              11.786.710             11.310.967                  475.743                          4,21
 Gross Profit

 Penghasilan Keuangan
                                                                  296.641                 267.647                   28.994                      10,83
 Finance Income

 Penghasilan Lain-Lain
                                                                  250.941              260.947                   (10.006)                       -3,83
 Other Income

 Beban Umum dan Administrasi
                                                            (2.482.336)             (2.334.415)                (147.921)                          6,34
 General and Administrative Expenses

 Beban Lain-Lain
                                                               (152.155)              (168.286)                      16.131                     -9,59
 Other Expenses

 Beban Pajak atas Penghasilan Keuangan
                                                               (53.343)                   (47.759)                  (5.584)                      11,69
 Tax Expense of Finance Income

 Keuntungan dari Nilai Wajar Investasi Asosiasi
                                                                          -               186.407              (186.407)                      -100,00
 Gain on Fair Value of Investment in Associates

 Kerugian dari Nilai Wajar Investasi Jangka Pendek
                                                                          -           (144.002)                  144.002                      -100,00
 Loss on Fair Value of Short-Term Investments

 Keuntungan dari Pembelian dengan Diskon
                                                                          -               176.271              (176.271)                      -100,00
 Gain on Bargain Purchase

 Laba Usaha
                                                             9.646.458               9.507.777                   138.681                          1,46
 Profit from Operations




Laba Sebelum Pajak Penghasilan                                            Profit Before income Tax

Laba sebelum pajak penghasilan di tahun 2025 mengalami                    Profit before income tax in 2025 increased compared to the
peningkatan dibandingkan tahun sebelumnya yang lebih                      previous year, mainly due to the decrease in finance costs in
disebabkan oleh penurunan biaya keuangan di induk.                        the Parent Company.




374                                                                           Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 375
06                                   07                                         08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




Tabel Laba Sebelum Pajak Penghasilan                                                                                                       (dalam jutaan Rupiah)
Table of Profit Before Income Tax                                                                                                               (in million Rupiah)


                                                                                                                     Pertumbuhan (Penurunan)
                      Uraian                                      2025                                                    Growth (Decline)
                                                                                            2024
                    Description
                                                                                                                        Rp                        %
                            (1)                                     (2)                       (3)                (4) = (2)-(3)             (5) = (4)/(3)
 Laba Usaha
                                                                        9.646.458                9.507.777                     138.681                     1,46
 Profit from Operations

 Biaya Keuangan – Neto
                                                                    (3.603.869)               (4.026.337)                      422.468                  -10,49
 Finance Costs – Net

 Bagian atas Rugi Neto Entitas Asosiasi dan
 Ventura
                                                                           311.233                  281.845                     29.388                   10,43
 Share in Net Loss of Associates and Joint
 Ventures

 Laba Sebelum Pajak Penghasilan
                                                                        6.353.822               5.763.285                     590.537                    10,25
 Profit Before Income Tax




Beban Pajak Penghasilan                                                           Income Tax Expense

Di tahun 2025, beban pajak penghasilan Perseroan                                  In 2025, the Company’s income tax expense increased
meningkat dibandingkan tahun sebelumnya disebabkan                                compared to the previous year due to the growth in taxable
oleh pertumbuhan penghasilan kena pajak dan penambahan                            income and additional expenses of Parent and Subsidiary
beban Induk dan Anak Perusahaan.                                                  Companies.

Tabel Beban Pajak Penghasilan                                                                                                              (dalam jutaan Rupiah)
Table of Income Tax Expense                                                                                                                    (in million Rupiah)


                                                                                                                     Pertumbuhan (Penurunan)
                      Uraian                                      2025                                                    Growth (Decline)
                                                                                            2024
                    Description
                                                                                                                        Rp                        %
                            (1)                                     (2)                       (3)                (4) = (2)-(3)             (5) = (4)/(3)
 Kini
                                                                        (1.135.987)              (962.010)                    (173.977)                  18,08
 Current

 Tangguhan
                                                                         (410.831)                804.360                    (1.215.191)               -151,08
 Deferred

 Total                                                              (1.546.818)                 (157.650)               (1.389.168)                     881,17



Laba Tahun Berjalan                                                               Profit for the Year

Per 31 Desember 2025, jumlah laba tahun berjalan Perseroan                        On December 31, 2025, the Company’s profit for the year
yang diatribusikan kepada pemilik entitas mengalami                               attributable to owners of the entity decreased compared to
penurunan dibandingkan tahun 2024. Hal ini disebabkan                             2024. This was due to the increase in income tax expense in
oleh peningkatan beban pajak penghasilan di Induk dan                             the Parent and Subsidiary Companies.
Anak Perusahaan.

Tabel Laba (Rugi) Tahun Berjalan                                                                                                           (dalam jutaan Rupiah)
Table of Profit (Loss) for the Year                                                                                                             (in million Rupiah)


                                                                                                                     Pertumbuhan (Penurunan)
                      Uraian                                      2025                                                    Growth (Decline)
                                                                                            2024
                    Description
                                                                                                                        Rp                         %
                            (1)                                     (2)                       (3)                 (4) = (2)-(3)            (5) = (4)/(3)
 Laba Sebelum Pajak Penghasilan
                                                                        6.353.822               5.763.285                      590.537                   10,25
 Profit before Income Tax

 Beban Pajak Penghasilan
                                                                        (1.546.818)              (157.650)                   (1.389.168)                 881,17
 Income Tax Expense

 Laba (Rugi) Tahun Berjalan
                                                                        4.807.004              5.605.635                     (798.631)                  -14,25
 Profit (Loss) for the Year




PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                                    375
Page 376
01                                    02                   03                          04                                             05
Ikhtisar Kinerja Utama                Laporan Manajemen    Profil Perusahaan            Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights            Management Report    Company Profile              Management Discussion and Analysis             Business Support Functions




Tabel Laba (Rugi) Tahun Berjalan                                                                                                          (dalam jutaan Rupiah)
Table of Profit (Loss) for the Year                                                                                                            (in million Rupiah)


                                                                                                                   Pertumbuhan (Penurunan)
                        Uraian                                2025                                                      Growth (Decline)
                                                                                          2024
                      Description
                                                                                                                      Rp                          %
                              (1)                               (2)                         (3)                  (4) = (2)-(3)             (5) = (4)/(3)
 Laba Tahun Berjalan yang Dapat Diatribusikan
 kepada:
 Profit for the Year Attributable to:

 Pemilik Entitas Induk
                                                                  3.659.535                  4.533.007                 (873.472)                        -19,27
 Owners of the Parent Entity

 Kepentingan Non Pengendali
                                                                   1.147.469                  1.072.628                      74.841                       6,98
 Non-Controlling Interest

 Total                                                           4.807.004                   5.605.635                 (798.631)                       -14,25




Beban Komprehensif Lain                                                        Other Comprehensive Expense

Pada tahun 2025, beban komprehensif lain mengalami                             In 2025, other comprehensive expenses increased
peningkatan dibandingkan tahun sebelumnya karena                               compared to the previous year due to the adjustment of
penyesuaian    pencadangan     aktuaria  di Perseroan                          actuarial reserves at the Company based on the December
berdasarkan laporan aktuaria Desember 2025.                                    2025 actuarial report.

Tabel Penghasilan (Beban) Komprehensif lain                                                                                               (dalam jutaan Rupiah)
Table of Other Comprehensive Income (Expense)                                                                                                 (in million Rupiah)


                                                                                                                    Pertumbuhan (Penurunan)
                               Uraian                                 2025                                               Growth (Decline)
                                                                                              2024
                             Description
                                                                                                                        Rp                        %
                                    (1)                                (2)                        (3)              (4) = (2)-(3)           (5) = (4)/(3)
 Pos-Pos yang tidak akan Direklasifikasi ke Laba Rugi Tahun Berikutnya
 Items that will not be Reclassified to Profit or Loss in Subsequent Year

     Pengukuran Kembali Liabilitas Imbalan Kerja Jangka
     Panjang
                                                                        (228.871)                        5.010              (233.881)              -4668,28
     Remeasurements of Long-Term Employee Benefits
     Liability

     Bagian atas Laba (Rugi) Komprehensif Lain atas
     Asosiasi dan Ventura Bersama
                                                                               (161)                     (649)                   488                    -75,19
     Share in Other Comprehensive Gain (Loss) of
     Associates and Joint Ventures

     Pajak Penghasilan Terkait
                                                                              39.856                    42.867                (3.011)                    -7,02
     Related Tax

 Keuntungan (rugi) yang belum direalisasi dari aset
 keuangan lainnya pada nilai wajar
                                                                          (15.644)                       1.436               (17.080)                 -1189,42
 Unrealised gains (losses) on other financial assets at
 fair value

 Pos-Pos yang akan Direklasifikasi ke Laba Rugi Tahun Berikutnya
 Items that will be Reclassified to Profit and Loss in Subsequent Year

     Keuntungan yang belum direalisasi dari aset
     keuangan lainnya dan investasi jangka pendek pada
     nilai wajar                                                               1.405              (383.555)                  384.960                   100,37
     Unrealized gain on other financial assets and short
     term investment measured at fair value

     Penyesuaian Reklasifikasi atas Investasi Jangka
     Pendek Diukur Nilai Wajar
                                                                                   -                144.002                 (144.002)                 -100,00
     Reclassification Adjustment on Short-Term
     Investment Measured at Fair Value




376                                                                                    Laporan Tahunan 2025 Annual Report       PT Jasa Marga (Persero) Tbk
Page 377
06                                      07                                          08
Tata Kelola Perusahaan                  Tanggung Jawab Sosial Perusahaan            Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance               Corporate Social Responsibility             Reference of POJK, SEOJK, and ARA Criteria




Tabel Penghasilan (Beban) Komprehensif lain                                                                                                   (dalam jutaan Rupiah)
Table of Other Comprehensive Income (Expense)                                                                                                     (in million Rupiah)


                                                                                                                           Pertumbuhan (Penurunan)
                          Uraian                                             2025                                               Growth (Decline)
                                                                                                     2024
                        Description
                                                                                                                                 Rp                   %
                                  (1)                                         (2)                       (3)              (4) = (2)-(3)         (5) = (4)/(3)
     Pengukuran Nilai Wajar Derivatif Lindung Nilai Arus Kas
     Measurement of Fair Value Derivative for Cashflow                                      -                 53.555               (53.555)               -100,00
     Hedge

     Pajak Penghasilan Terkait
                                                                                        (518)                   (38)                  (480)               1263,16
     Related Tax

 Subtotal Pos-Pos yang akan Direklasifikasi ke Laba
 Rugi Tahun Berikutnya
                                                                                         887            (186.036)                  186.923               -100,48
 Subtotal Item that will be Reclassified to Profit and
 Loss in Subsequent Years

 Beban Komprehensif Lain Tahun Berjalan
                                                                               (203.933)                 (137.372)                 (66.561)                48,45
 Other Comprehensive Expense for the Year




Laba Komprehensif Tahun Berjalan                                                      Comprehensive Income for the Year

Laba komprehensif tahun berjalan di tahun 2025 mengalami                              Comprehensive income for the current year in 2025 has
penurunan dibandingkan tahun sebelumnya. Hal tersebut                                 decreased compared to the previous year. This is due to the
disebabkan oleh penurunan kinerja laba bersih Perseroan                               decline in the Company’s net profit performance in 2025.
pada tahun 2025.

Tabel Laba Komprehensif Tahun Berjalan                                                                                                        (dalam jutaan Rupiah)
Table of Comprehensive Income for the Year                                                                                                        (in million Rupiah)


                                                                                                                         Pertumbuhan (Penurunan)
                      Uraian                                         2025                                                     Growth (Decline)
                                                                                                2024
                    Description
                                                                                                                            Rp                       %
                            (1)                                        (2)                        (3)                  (4) = (2)-(3)          (5) = (4)/(3)
 Total Penghasilan Komprehensif Tahun Berjalan yang dapat Didistribusikan kepada:
 Total Comprehensive Income for the Year Attributable to:

 Pemilik Entitas Induk
                                                                           3.455.970                4.414.990                    (959.020)                  -21,72
 Owners of the Parent Entity

 Kepentingan Non Pengendali
                                                                            1.147.101                1.053.273                     93.828                     8,91
 Non-Controlling Interest

 Total                                                                     4.603.071               5.468.263                     (865.192)                 -15,82




Laba per Saham                                                                        Earnings per Share

Nilai Laba per Saham Perseroan di tahun 2025 tercatat                                 The Company’s Earnings per Share in 2025 decreased
menurun dibandingkan dengan tahun sebelumnya yang                                     compared to the previous year due to the decline in the
disebabkan oleh penurunan kinerja laba bersih Perseroan                               Company’s net profit performance in 2025.
pada tahun 2025.




PT Jasa Marga (Persero) Tbk        Laporan Tahunan 2025 Annual Report                                                                                      377
Page 378
01                                 02                    03                      04                                             05
Ikhtisar Kinerja Utama             Laporan Manajemen     Profil Perusahaan        Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report     Company Profile          Management Discussion and Analysis             Business Support Functions




Tabel Laba per Saham
Earnings per Share


                                                            2025                                           Pertumbuhan (Penurunan)
                        Uraian                                                                                  Growth (Decline)
                                                                                    2024
                      Description
                                                                                                              Rp                           %
                             (1)                              (2)                     (3)               (4) = (2)-(3)               (5) = (4)/(3)
 Laba Bersih (Rupiah Penuh)
                                                       3.659.534.913.253       4.533.006.531.196        (873.471.617.943)                        -19,27
 Net Income (Full Rupiah)

 Rata-rata Tertimbang Saham Beredar (Lembar)
                                                            7.257.871.200           7.257.871.200                           -                       0,00
 Weighted Average of Outstanding Shares

 Laba Bersih Per Saham (Rupiah Penuh)
                                                                      504                     625                       (121)                    -19,36
 Earnings per Share (Full Rupiah)




Laporan Arus Kas Konsolidasian
Consolidated Statement of Cash Flows

Tabel Laporan Arus Kas Konsolidasian                                                                                                (dalam jutaan Rupiah)
Table of Consolidated Cash Flows                                                                                                        (in million Rupiah)


                                                                                                           Pertumbuhan (Penurunan)
                        Uraian                              2025                                                Growth (Decline)
                                                                                    2024
                      Description
                                                                                                              Rp                           %
                             (1)                              (2)                     (3)               (4) = (2)-(3)               (5) = (4)/(3)
 Arus Kas dari Aktivitas Operasi
 Cash Flows from Operating Activities

 Kas Bersih Diperoleh dari Aktivitas Operasi
                                                                5.661.228              5.903.543                 (242.315)                         -4,10
 Net Cash Generated from Operations

 Arus Kas dari Aktivitas Investasi
 Cash Flows from Investing Activities

 Kas Neto yang Digunakan untuk Aktivitas Investasi
                                                              (13.224.193)           (13.401.184)                     176.991                      -1,32
 Net Cash Used in Investing Activities

 Arus Kas dari Aktivitas Pendanaan
 Cash Flows from Financing Activities

 Kas Neto Diperoleh dari Aktivitas Pendanaan
                                                                9.190.626               7.924.456                1.266.170                        15,98
 Net Cash Provided by Financing Activities

 Kenaikan (Penurunan) Neto Kas dan Setara Kas
 Net Increase (Decrease) in Cash and Cash                       1.627.661                426.815                1.200.846                       281,35
 Equivalents

 Kas dan Setara Kas pada Awal Tahun
 Cash and Cash Equivalents at Beginning of the                  5.123.252              4.696.437                  426.815                          9,09
 Period

 Kas dan Setara Kas pada Akhir Tahun
                                                                6.750.913              5.123.252                 1.627.661                        31,77
 Cash and Cash Equivalents at End of Period


Laporan arus kas merupakan komponen laporan keuangan                        The cash flow statement is a component of the financial
yang menunjukkan penerimaan dan pengeluaran kas dan                         statements that shows cash and cash equivalents receipts
setara kas selama periode tertentu yang dikelompokkan                       and disbursements during a certain period, grouped into
dalam aktivitas operasi, investasi, dan pendanaan. Analisis                 operating, investing, and financing activities. The analysis of
terhadap arus kas pada masing-masing aspek diuraikan                        cash flows in each aspect is described as follows:
sebagai berikut:




378                                                                              Laporan Tahunan 2025 Annual Report       PT Jasa Marga (Persero) Tbk
Page 379
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Arus Kas dari Aktivitas Operasi                                       Cash Flows from Operating Activities

Di tahun 2025, kas bersih diperoleh dari aktivitas operasi            In 2025, net cash from operating activities decreased
mengalami penurunan dibandingkan tahun sebelumnya. Hal                compared to the previous year. This was mainly due to
ini terutama disebabkan oleh dipengaruhi oleh peningkatan             influenced by increased revenue due to higher traffic volume
pendapatan akibat kenaikan volume lalu lintas pada ruas               on the Company’s toll roads, accompanied by overlay repair
tol Perseroan, yang diiringi dengan pekerjaan perbaikan               work on the toll roads. In addition, growth in taxable income
overlay pada ruas tol yang dilalui. Selain itu, pertumbuhan           also had an impact on increased income tax payments,
penghasilan kena pajak juga berdampak pada meningkatnya               thereby contributing to a decline in cash flow from operating
pembayaran pajak penghasilan, sehingga turut memengaruhi              activities.
penurunan arus kas dari aktivitas operasi.



Arus Kas dari Aktivitas Investasi                                     Cash Flows from Investing Activities

Kas neto yang digunakan untuk aktivitas investasi di tahun            Net cash used for investing activities in 2025 decreased
2025 menurun dibandingkan tahun sebelumnya karena                     compared to the previous year along with the decline in
seiring dengan penurunan aktivitas kontruksi sehubungan               construction activity due to the operation of some sections
dengan telah beroperasinya sebagian ruas di Anak                      in Subsidiaries.
Perusahaan.



Arus Kas dari Aktivitas Pendanaan                                     Cash Flows from Financing Activities

Perseroan mencatatkan kas neto diperoleh dari aktivitas               The Company recorded an increase in net cash provided by
pendanaan di tahun 2025 mengalami peningkatan                         financing activities in 2025 compared to the previous year,
dibandingkan tahun sebelumnya terutama karena                         mainly due to the acceptance of bonds payable.
penerimaan utang obligasi.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                            379
Page 380
01                                 02                  03                        04                                       05
Ikhtisar Kinerja Utama             Laporan Manajemen   Profil Perusahaan          Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report   Company Profile            Management Discussion and Analysis       Business Support Functions




Kemampuan Membayar Utang dan
Tingkat Kolektibilitas Piutang
Ability to Pay Debt and Collectibility in Receivables

Kemampuan Membayar Utang                                                   Debt Repayment Capability
Perseroan berkomitmen memenuhi hak kreditur dengan                         The Company is committed to fulfilling the rights of creditors
memastikan ketepatan waktu pembayaran pokok dan bunga                      by ensuring the timely payment of principal and interest on
pinjaman. Perseroan secara konsisten mengelola likuiditas                  loans. The Company consistently manages liquidity and
dan memantau jadwal jatuh tempo pembayaran pokok dan                       monitors the schedule for principal and interest payments.
bunga pinjaman.

Perseroan mengukur kemampuannya dalam memenuhi                             The Company measures its ability to meet its short-term
kewajiban jangka pendek dan jangka panjangnya dengan                       and long-term obligations using liquidity ratios and solvency
menggunakan rasio likuiditas dan rasio solvabilitas. Rasio                 ratios. Liquidity ratios are used to measure the ability to pay
likuiditas digunakan untuk mengukur kemampuan melunasi                     short-term obligations, while solvency ratios are used to
kewajiban jangka pendek, sedangkan rasio solvabilitas                      measure the ability to meet all obligations.
digunakan untuk digunakan untuk mengukur kemampuan
memenuhi seluruh kewajiban.

Kemampuan Membayar Utang Jangka Pendek                                     Short-Term Debt Repayment Capability (Liquidity)
(Likuiditas)

Likuiditas Perseroan dapat diukur dengan menggunakan                       The Company’s liquidity can be measured using the current
rasio lancar dan rasio kas. Di tahun 2025, Perseroan pada                  ratio and cash ratio. In 2025, the Company essentially had
dasarnya memiliki kemampuan yang baik dalam membayar                       a strong ability to meet its short-term obligations. Most of
kewajiban jangka pendeknya. Sebagian besar kewajiban                       the Company’s short-term liabilities consisted of payables
jangka pendek Perseroan merupakan tagihan kepada                           to contractors for toll road construction and bank loans
kontraktor untuk pembangunan jalan tol dan pinjaman                        maturing within one year. The Company settled these
bank yang akan jatuh tempo dalam satu tahun. Perseroan                     obligations by drawing on long-term financing, either
melakukan pelunasan dengan melakukan penarikan                             through bank loans or bonds.
pinjaman jangka panjang, baik melalui pinjaman bank
maupun obligasi.

Tabel Rasio Likuiditas                                                                                                        (dalam jutaan Rupiah)
Table of Liquidity Ratio                                                                                                          (in million Rupiah)



                        Uraian                                2025                                                         Perubahan
                                                                                                2024
                      Description                                                                                           Changes
                             (1)                                (2)                               (3)                     (4) = (2)-(3)
 Kas dan Setara Kas
                                                                          6.750.913                      5.123.252                      1.627.661
 Cash and Cash Equivalents
 Aset Lancar
                                                                      9.268.670                          7.197.565                      2.071.105
 Current Assets
 Liabilitas Jangka Pendek
                                                                      15.995.855                        21.566.219                   (5.570.364)
 Current Liabilities
 Rasio (%)
 Ratio (%)
 Rasio Lancar
                                                                                0,6                             0,3                            0,3
 Current Ratio
 Rasio Kas
                                                                                0,4                             0,2                            0,2
 Cash Ratio


Kemampuan Membayar Utang Jangka Panjang                                    Long-Term Debt Repayment Capability (Solvency)
(Solvabilitas)

Solvabilitas Perseroan dapat diukur melalui rasio liabilitas               The Company’s solvency can be measured through the
terhadap ekuitas atau Debt to Equity Ratio (DER), rasio utang              debt-to-equity ratio (DER), interest-bearing debt ratio, and
berbunga atau Interest Bearing Debt, dan Interest Coverage                 interest coverage ratio (ICR). DER can be calculated by


380                                                                              Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 381
06                                   07                                        08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Ratio (ICR). DER dapat dihitung dengan membagi antara                            dividing total liabilities by total equity. Interest-bearing debt
total liabilitas dengan total ekuitas, Interest Bearing Debt                     can be measured by dividing total interest-bearing debt by
dapat diukur dengan membagi antara total utang berbunga                          total equity, while ICR is calculated by dividing EBITDA by
pada komponen liabilitas dengan total ekuitas, sementara                         financial expenses.
ICR dihitung dengan membagi antara EBITDA dengan beban
keuangan.

Di tahun 2025, Perseroan memiliki kondisi keuangan yang                          In 2025, the Company has a sound financial condition and
sehat dan solvabilitas yang berada dalam kategori baik. Hal                      solvency in the good category. This is evident from The
tersebut terlihat dari pemenuhan DER dan ICR Perseroan yang                      Company’s DER and ICR remain within the limits required by
masih berada dalam batas yang dipersyaratkan oleh Kreditur,                      creditors, with a maximum DER of 5 times and a minimum
dengan batas DER maksimal 5 kali dan ICR minimal 1,1 kali.                       ICR of 1.1 times.

Tabel Rasio Solvabilitas                                                                                                       (dalam jutaan Rupiah)
Table of Solvency Ratio                                                                                                        (in million Rupiah)



                       Uraian                                           2025                                                            Perubahan
                                                                                                        2024
                     Description                                                                                                         Changes
                            (1)                                         (2)                               (3)                          (4) = (2)-(3)
 Total Aset
                                                                          159.995.285                         148.716.520                          11.278.765
 Total Assets

 Total Liabilitas
                                                                              97.633.568                        89.883.279                             7.750.289
 Total Liabilities

 Total Ekuitas
                                                                              62.361.717                        58.833.241                         3.528.476
 Total Equity

 Total Utang Berbunga
                                                                              76.907.270                        66.307.487                        10.599.783
 Total Interest-Bearing Debt

 EBITDA                                                                       13.273.673                        12.614.607                              659.066

 Beban Bunga
                                                                               3.603.869                         4.026.337                             -422.468
 Interest Expense

 Rasio (x)
 Ratio (x)

 Total Debt to Total Equity Ratio DER                                              1,6x                              1,4x                                 0,2x

 Interest Bearing Debt to Equity Ratio                                               1,2x                               1,0x                                0,2x

 Interest Coverage Ratio ICR                                                       3,7x                               3,1x                                0,6x




Peringkat Obligasi                                                               Bonds Rating

Kemampuan membayar utang juga dapat tercermin                                    Debt repayment capacity can also be reflected in bond
berdasarkan peringkat obligasi. Obligasi Jasa Marga secara                       ratings. Jasa Marga bonds are regularly assessed by rating
rutin dinilai oleh lembaga pemeringkatan guna mendukung                          agencies to support the eligibility of the bonds issued. For
kelayakan obligasi yang diterbitkan. Untuk obligasi yang                         bonds issued and listed on the Indonesia Stock Exchange,
diterbitkan dan dicatatkan di Bursa Efek Indonesia, Jasa                         Jasa Marga uses PT Pemeringkat Efek Indonesia (PEFINDO)
Marga menggunakan PT Pemeringkat Efek Indonesia                                  as its bond rating agency.
(PEFINDO) sebagai lembaga pemeringkat obligasi.

Tabel Peringkat Obligasi
Table of Bonds Rating

                                                                                                              Peringkat
                                    Uraian                                                                     Rating
 No.
                                  Description
                                                                                            2025                                       2024
         Obligasi I Marga Lingkar Jakarta Tahun 2017
  1.                                                                            idAAA (sf) oleh/by Pefindo                  idAAA (sf) oleh/by Pefindo
         Bonds I Marga Lingkar Jakarta Year 2017

         Obligasi Berkelanjutan II Jasa Marga Tahap I Tahun 2020
  2.                                                                               idAA oleh/by Pefindo                        idAA oleh/by Pefindo
         Jasa Marga Shelf-Registered Bond II Phase I Year 2020

         Obligasi Berkelanjutan III Jasa Marga Tahap I Tahun 2024
  3.                                                                               idAA oleh/by Pefindo                        idAA oleh/by Pefindo
         Jasa Marga Shelf-Registered Bond III Phase I Year 2024

         Obligasi Berkelanjutan III Jasa Marga Tahap II Tahun 2025
  4.                                                                               idAA oleh/by Pefindo                        idAA oleh/by Pefindo
         Jasa Marga Shelf-Registered Bond III Phase II Year 2025



PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                                      381
Page 382
01                              02                  03                        04                                       05
Ikhtisar Kinerja Utama          Laporan Manajemen   Profil Perusahaan          Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report   Company Profile            Management Discussion and Analysis       Business Support Functions




Tingkat Kolektibilitas Piutang                                         Accounts Receivable Collectibility Rate

Pada dasarnya, Perseroan tidak memiliki piutang yang                   In essence, the Company does not have significant
signifikan dalam mempengaruhi kegiatan usaha sebagaimana               receivables that affect its business activities, as seen
terlihat dari jenis proses bisnis yang dijalankan Jasa Marga.          from the type of business processes carried out by Jasa
Apabila Perseroan memiliki utang, maka hal tersebut adalah             Marga. If the Company has debts, they are receivables for
piutang atas dana talangan untuk pembebasan lahan.                     bailout funds for land acquisition. Thus, the collectability
Dengan demikian, kolektibilitas piutang tergantung pada                of receivables depends on the payment schedule from the
jadwal pembayaran dari Pemerintah yang mana bersifat                   Government, which is in the form of reimbursement.
penggantian.

Tabel Kolektibilitas Piutang                                                                                               (dalam jutaan Rupiah)
Table of Accounts Receivable Collectibility                                                                                    (in million Rupiah)



                       Piutang Lain-lain                                                                               Nilai Tercatat
                       Other Receivables                        0-1 Tahun                      > 1 Tahun
                                                                                                                     Carrying Ammount
 Kas dan Setara Kas
                                                                  6.750.913                          -                      6.750.913
 Cash and Cash Equivalents

 Piutang Lain-lain - Lancar Bersih
 Other Receivables Current – Net

     Pihak Berelasi
                                                                   542.175                           -                       542.175
     Related Parties

     Pihak Ketiga
                                                                   856.065                           -                      856.065
     Third Party

 Piutang Lain-lain - Tidak Lancar
 Other Receivables – Non-Current

     Pihak Berelasi
                                                                       -                         341.071                     341.071
     Related Parties

 Investasi Jangka Pendek
                                                                   24.458                            -                       24.458
 Short-Term Investments

 Aset Keuangan Lainnya
                                                                       -                         246.587                    246.587
 Other Financial Assets

 Dana Dibatasi Penggunaannya
                                                                   518.346                       401.671                    920.017
 Restricted Funds

 Total                                                           8.691.957                       989.329                   9.681.286




Struktur Modal
Capital Structure

Rincian Struktur Modal                                                 Details of Capital Structure
Perseroan secara konsisten memantau struktur modalnya                  The Company consistently monitors its capital structure
dengan menggunakan rasio kewajiban terhadap modal.                     using the debt-to-equity ratio. This ratio can be calculated
Rasio ini dapat dihitung dengan membagi nilai total liabilitas         by dividing total liabilities by total equity.
dengan total ekuitas.

Sampai     dengan    31   Desember     2025,    Perseroan              Until December 31, 2025, the Company maintains its debt-
mempertahankan rasio utang terhadap modalnya pada                      to-equity ratio at a level that meets the requirements
level yang sesuai dengan yang dipersyaratkan oleh kreditur             of creditors, with a maximum of five times. Details of the
dengan syarat maksimum 5 kali. Adapun rincian struktur                 Company’s capital structure for the last 2 (two) years are
modal Perseroan dalam 2 (dua) tahun terakhir dapat dilihat             as follows:
sebagai berikut:




382                                                                          Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 383
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Tabel Rincian Struktur Modal                                                                                            (dalam jutaan Rupiah)
Table of Capital Structure Details                                                                                          (in million Rupiah)



                          Uraian                                    2025                                                Perubahan
                                                                                                  2024
                        Description                                                                                      Change
 Liabilitas Jangka Pendek
                                                                         15.995.855                     21.566.219             (5.570.364)
 Current Liabilities

 Liabilitas Jangka Panjang
                                                                         81.637.713                     68.317.060             13.320.653
 Non-Current Liabilities

 Total Liabilitas
                                                                        97.633.568                     89.883.279                7.750.289
 Total Liabilities

 Total Ekuitas
                                                                         62.361.717                     58.833.241               3.528.476
 Total Equity

 Rasio Liabilitas Jangka Pendek terhadap Ekuitas
                                                                                0,6x                             0,4x                   1,2x
 Ratio of Current Liabilities to Equity

 Rasio Liabilitas Jangka Panjang terhadap Ekuitas
                                                                                 1,3x                            1,1x                   0,2x
 Ratio of Non-Current Liabilities to Equity

 Rasio Liabilitas terhadap Ekuitas
                                                                                 1,6x                            1,4x                   0,2x
 Ratio of Liabilities to Equity

 Rasio Interest Bearing Debt to Total Equity
                                                                                 1,2x                            1,0x                   0,2x
 Ratio of Interest Bearing Debt to Total Equity




Kebijakan Struktur Modal                                              Capital Structure Policy

Perseroan telah menetapkan sejumlah rasio modal sesuai                The Company has set several capital ratios in proportion to
dengan proporsinya terhadap risiko. Pengelolaan struktur              risk. Capital structure management is carried out by making
modal tersebut dilakukan dengan melakukan penyesuaian                 adjustments that take into account changes in economic
yang memperhatikan perubahan kondisi ekonomi,                         conditions, the risk characteristics of underlying assets, and
karakteristik risiko aset yang mendasari, serta peluang               the Company’s future expansion opportunities.
ekspansi Perseroan ke depannya.

Dasar Pemilihan Struktur Modal                                        Basis of Capital Structure Selection

Kebijakan manajemen atas struktur modal didasarkan untuk              The management policy on capital structure is based on
melindungi kemampuan Perseroan dalam mempertahankan                   protecting the Company’s ability to maintain business
kelangsungan usaha sehingga dapat tetap memberikan                    continuity so that it can continue to provide returns to
imbal hasil bagi Pemegang Saham dan manfaat bagi                      Shareholders and benefits to other stakeholders, and
pemangku kepentingan lainnya dan mempertahankan                       maintain an optimal capital structure to reduce capital costs.
struktur permodalan yang optimal untuk mengurangi biaya
modal.

Konsisten dengan entitas lain dalam industri, Kelompok                Consistent with other entities in the industry, the Business
Usaha memantau modal dengan dasar rasio utang terhadap                Group monitors capital based on the debt-to-adjusted capital
modal yang disesuaikan. Rasio ini dihitung sebagai berikut:           ratio. This ratio is calculated as follows: net debt divided
utang neto dibagi modal yang disesuaikan. Utang neto                  by adjusted capital. Net debt is total debt (as reported in
merupakan total utang (sebagaimana jumlah dalam laporan               the statement of financial position) minus cash and cash
posisi keuangan) dikurangi kas dan setara kas. Modal yang             equivalents. Adjusted capital consists of all components of
disesuaikan terdiri dari seluruh komponen ekuitas (meliputi           equity (including share capital, foreign currency translation
modal saham, selisih kurs penjabaran laporan keuangan                 differences in financial statements, and retained earnings).
dalam valuta asing dan saldo laba). Pada tahun 2025, strategi         In 2025, the Business Group’s strategy remains unchanged,
Kelompok Usaha tidak berubah yaitu mempertahankan rasio               which is to maintain a debt-to-equity ratio of a maximum
utang terhadap ekuitas sebesar maksimum 5:1.                          of 5:1.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                    383
Page 384
01                            02                       03                      04                                             05
Ikhtisar Kinerja Utama        Laporan Manajemen        Profil Perusahaan        Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights    Management Report        Company Profile          Management Discussion and Analysis             Business Support Functions




Ikatan Material Investasi Barang Modal
Material Commitments for Capital Expenditure

Sampai dengan 31 Desember 2025, Perseroan tidak memiliki                  Up to December 31, 2025, the Company has no material
ikatan yang material untuk investasi barang modal.                        commitments for capital expenditures




Investasi Barang Modal
Capital Expenditure

Perseroan memandang bahwa investasi barang modal                          The Company considers capital expenditure to be one of
merupakan salah satu hal penting dalam mengembangkan                      the important aspects in developing its business in the long
bisnis secara jangka panjang. Investasi barang modal                      term. Capital expenditure is an expenditure activity used
tersebut merupakan aktivitas pengeluaran dana yang                        to purchase a number of assets or investments that are
digunakan untuk membeli sejumlah aset atau investasi yang                 expected to provide future benefits.
diharapkan dapat memberikan nilai manfaat di masa depan.


Jenis dan Nilai Investasi                                                 Investment Types and Values
Selama tahun 2025, Perseroan telah merealisasikan biaya                   Throughout 2025, the Company realized capital expenditure
investasi barang modal sebesar Rp13,58 triliun, menurun                   costs of Rp13.58 trillion, an decrease compared to 2024,
dibandingkan tahun 2024 yang sebesar Rp17,62 triliun.                     which amounted to Rp17.62 trillion. The details of capital
Adapun rincian realisasi investasi barang modal yang                      expenditure realized throughout 2025 are as follows:
dilakukan sepanjang tahun 2025 adalah sebagai berikut:

Tabel Jenis dan Nilai Investasi di Tahun 2025                                                                                     (dalam jutaan Rupiah)
Table of Investment Types and Values in 2025                                                                                          (in million Rupiah)



                                   Jenis Investasi                                                                   Nilai
                                 Investment Types                                                                   Amount

 Belanja Modal Induk Perusahaan
                                                                                                                4.835.565
 Capital Expenditure of Parent Company

     Operasional
                                                                                                                    1.632.195
     Operational

     Pengembangan Jalan Tol
                                                                                                                    3.128.321
     Toll Road Development

     Investasi Usaha Lain
                                                                                                                        -
     Other Business Investment

     Investasi Sarana Penunjang Non Operasional
                                                                                                                     93.049
     Investment of Non-Operational Supporting Facilities

 Belanja Modal pada Entitas Anak Jalan Tol
                                                                                                                11.911.346
 Capital Expenditure of Toll Road Subsidiaries

 Belanja Modal pada Entitas Anak Usaha Lain
                                                                                                                    117.928
 Capital Expenditure of Other Business Subsidiaries

 Total Belanja Modal Konsolidasi
                                                                                                               13.582.065
 Total Consolidated Capital Expenditure




384                                                                           Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 385
06                                  07                                           08
Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan             Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility              Reference of POJK, SEOJK, and ARA Criteria




Pencapaian Target 2025 dan Target 2026
Achievement of 2025 Targets and 2026 Targets

Perseroan telah menetapkan sejumlah target yang hendak                             The Company has set several targets to be achieved in
dicapai di tahun buku 2025 yang dituangkan dalam Rencana                           the 2025 fiscal year, which are outlined in the 2025 Work
Kerja dan Anggaran Perusahaan (RKAP) 2025. Perbandingan                            Plan and Budget (RKAP). The comparison between the
pencapaian beberapa target yang ditetapkan dengan                                  achievement of several targets set and the realization in the
realisasi tahun buku 2025 adalah sebagai berikut:                                  2025 fiscal year is as follows:

Tabel Perbandingan Target dan Realisasi                                                                                                     (dalam miliar Rupiah)
Table of Target and Realization Comparison                                                                                                      (in billion Rupiah)



                      Uraian                              Target 2025             Realisasi 2025             Pencapaian Target               Target 2026
                    Description                           2025 Target             2025 Realization           Target Achievement              2026 Target
                         (1)                                     (2)                       (3)               (4) = (3)/(2) x 100%                   (5)
 Keuangan
 Finance

 Total Aset
                                                                       167.031                   159.995                      95,78%                   172.149
 Total Assets

 Total Pendapatan di Luar Konstruksi
                                                                       19.973                     19.811                       99,19%                     20.501
 Total Non-Construction Revenue

 Laba Atribusi Induk
                                                                        4.889                     3.659                       103,81%                      2.671
 Attribution Profit of the Parent

 EBITDA                                                                 13.131                    13.273                      101,09%                     13.445

 EBITDA Margin (%)                                                     65,74%                    67,00%                       101,91%                   65,58%

 Belanja Modal
                                                                       18.599                     13.582                      73,02%                      16.984
 Capital Expenditure

 Dividen
                                                                          680                      1.134                      166,76%                      1.134
 Dividend

 Pengembangan Bisnis
 Business Development

 Total Panjang Tol Beroperasi (km))
                                                                        1.305                      1.294                       99,16%                      1.372
 Total Operating Toll Road Length (km)

 Human Capital

 Persentase Milenial dalam Top Talent (Orang)
 Millennial Percentage in Top Talents                                    50%                        79%                         158%                          -*
 (Personnel)

 Operasi
 Operations

 Volume Lalu Lintas (Juta Transaksi)
                                                                         1.257                     1.306                      99,95%                       1.263
 Traffic Volume (Million Transactions)
 *) Sudah tidak menjadi target KPI Konsolidasi Tahun 2026, yg ditargetkan adalah persentase perempuan dalam top talent dengan target 39%.
 *) This is no longer a target under the 2026 Consolidated KPIs; the target is now the percentage of women in top-tier roles, set at 39%.



Secara umum di tahun 2025, Perseroan mampu mencapai                                In general, by 2025, the Company will be able to achieve the
target yang telah ditetapkannya. Dari aspek keuangan,                              targets it has set. From a financial perspective, the Company
Perseroan berhasil mencatatkan pertumbuhan aset sebesar                            has recorded asset growth of 7.58%. This achievement was
7,58%. Capaian tersebut utamanya disebakan oleh sejalan                            primarily driven by progress in the construction of the AP toll
dengan penambahan progress konstruksi jalan tol AP                                 road. The Company also succeeded in recording an increase
Konstruksi Perseroan juga berhasil mencatat peningkatan                            in EBITDA margin of 5.22%, driven by the Company’s
EBITDA Margin sebesar 5,22% yang disebabkan oleh upaya                             efforts to optimise operating expenses and interest costs.
Perusahaan dalam optimalisasi beban usaha kas. Selain itu,                         Furthermore, the Company’s attributable profit stood at
laba atribusi induk Perseroan tercatat sebesar Rp3.659,53                          Rp3,659.53 trillion, driven by the Company’s efforts to
triliun dikarenakan adanya sejalan dengan upaya Perseroan                          optimise operating expenses and interest costs.
adanya optimalisasi beban usaha dan bengan bunga.




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                                      385
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01                           02                     03                      04                                           05
Ikhtisar Kinerja Utama       Laporan Manajemen      Profil Perusahaan        Analisa dan Pembahasan Manajemen             Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report      Company Profile          Management Discussion and Analysis           Business Support Functions




Dari perspektif pengembangan usaha, Perseroan telah                    In terms of business development, the Company has
mengoperasikan ruas jalan tol baru, yakni Jogja–Solo                   commenced operations on a new section of the Jogja–Solo
segmen Klaten–Prambanan sepanjang 7,85 km yang                         motorway, specifically the 7.85-kilometre Klaten–Prambanan
terintegrasi dengan ruas Semarang–Solo. Kehadiran                      segment, which is integrated with the Semarang–Solo
ruas tol ini diharapkan dapat meningkatkan konektivitas                section. This new motorway section is expected to improve
dan mendukung kelancaran arus lalu lintas, khususnya                   connectivity and facilitate the smooth flow of traffic,
pada koridor menuju kawasan pariwisata, sehingga turut                 particularly along the corridor leading to tourist areas,
berkontribusi terhadap pertumbuhan ekonomi wilayah.                    thereby contributing to the region’s economic growth.

Dari aspek operasional, volume lalu lintas terealisasi sebesar         From an operational perspective, the actual traffic volume of
1.306 juta transaksi lebih tinggi dari target. Salah satu faktor       1,306 million transactions exceeded the target. One of the
yang mempengaruhinya merupakan pengoperasian ruas                      factors contributing to this was the opening of new toll road
jalan tol baru.                                                        sections.

Menghadapi dinamika bisnis yang kian berubah cepat                     Facing the rapidly changing business dynamics that still hold
namun tetap menyimpan peluang pertumbuhan, Perseroan                   opportunities for growth, the Company has set its 2026 Work
menetapkan target Rencana Kerja 2026 dengan pendekatan                 Plan targets with a risk-based approach. National economic
berbasis risiko. Proyeksi ekonomi nasional, kondisi industri           projections, favorable toll road industry conditions, and a
jalan tol yang tetap kondusif, serta transisi pemerintahan             smooth government transition are the main foundations for
yang berjalan lancar menjadi landasan utama dalam                      ensuring the achievement of performance in 2026.
memastikan pencapaian kinerja tahun 2026.




Informasi dan Fakta Material
Setelah Tanggal Laporan Akuntan
Information and Material Facts after the Accountant’s Report Date

Peristiwa Setelah Tanggal Pelaporan                                    Events after the Reporting Date
Sejak akhir periode 31 Desember 2025 hingga tanggal                    From the end of the period ending December 31, 2025 until
laporan akuntan pada 27 Februari 2025, Perseroan memiliki              the date of the accountant’s report on February 27, 2025,
peristiwa atau kejadian penting yang berpengaruh signifikan            the Company had significant events or incidents that had a
terhadap laporan keuangan, antara lain:                                significant effect on the financial statements, including:

Perusahaan                                                             Company
1. Berdasarkan Akta Pernyataan Keputusan Rapat No.                     1. Based on the Deed of Meeting Resolution No. 04
   04 tanggal 9 Januari 2026 yang dibuat di hadapan                       dated January 9, 2026, drawn up before Notary
   Notaris Nanette Cahyanie Handari Adi Warsito, S.H.,                    Nanette Cahyanie Handari Adi Warsito, S.H., regarding
   perihal perubahan Anggaran Dasar Perseroan, yang                       amendments to the Company’s Articles of Association,
   telah disahkan oleh Menteri Hukum dan Hak Asasi                        which have been approved by the Minister of Law and
   Manusia Republik Indonesia melalui Surat Keputusan                     Human Rights of the Republic of Indonesia through
   No.AHU-AH.01.03-0013716 tanggal 19 Januari 2026.                       Decree No. AHU-AH.01.03-0013716 dated January 19,
   Perubahan Anggaran Dasar antara lain mencakup                          2026. The amendments to the Articles of Association
   penyesuaian ketentuan Anggaran Dasar sehubungan                        include, among other things, adjustments to the
   dengan perubahan peraturan perundang-undangan                          provisions of the Articles of Association in connection
   serta penyesuaian hak-hak istimewa atas Saham Seri A                   with changes in laws and regulations as well as
   Dwiwarna milik Negara Republik Indonesia.                              adjustments to the special rights attached to Series A
2. Pada tanggal 19 Januari 2026, berdasarkan Keputusan                    Dual-Colour Shares owned by the Republic of Indonesia.
   Dewan Komisaris PT Jasa Marga (Persero) Tbk No. KEP-                2. On January 19, 2026, based on the Decision of the
   005/I/2026 tentang Pemberhentian dan Pengangkatan                      Board of Commissioners of PT Jasa Marga (Persero)
   Ketua dan Anggota Komite Audit PT Jasa Marga                           Tbk No. KEP-005/I/2026 concerning the Dismissal and
   (Persero) Tbk sebagai berikut:                                         Appointment of the Chair and Members of the Audit
                                                                          Committee of PT Jasa Marga (Persero) Tbk as follows:


                                                                   2026                                              2025
      Komite Audit
                                                            Rudi Antariksawan                                    Seppalga Ahmad
      Audit Committee




386                                                                        Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 387
06                               07                                      08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




3. Pada tanggal 20 Februari 2026, Perseroan menerbitkan                    3. On February 20, 2026, the Company issued the 2026
   Obligasi Berkelanjutan III Tahap III Tahun 2026 dengan                     Phase III Continuous Bond III with a nominal value of
   nilai nominal sebesar Rp2.067.650 yang terdiri dari:                       Rp2,067,650, consisting of:
   i. Seri A sebesar Rp281.825 dengan tingkat bunga                           i. Series A amounting to Rp281,825 with a fixed interest
        tetap 5,70% per tahun dan jangka waktu 3 tahun;                            rate of 5.70% per annum and a term of 3 years;
   ii. Seri B sebesar Rp718.175 dengan tingkat bunga                          ii. Series B amounting to IDR 718,175 with a fixed
        tetap 6,15% per tahun dan jangka waktu 5 tahun;                            interest rate of 6.15% per annum and a maturity of
                                                                                   5 years;
       iii. Seri C sebesar Rp300.000 dengan tingkat bunga                     iii. Series C amounting to IDR 300,000 with a fixed
            tetap 6,50% per tahun dan jangka waktu 7 tahun;                        interest rate of 6.50% per annum and a maturity of
                                                                                   7 years;
       iv. Seri D sebesar Rp767.650 dengan tingkat bunga                      iv. Series D amounting to Rp767,650 with a fixed interest
           tetap 6,75% per tahun dan jangka waktu 10 tahun.                        rate of 6.75% per annum and a term of 10 years.

       Obligasi tersebut telah memperoleh peringkat idAA dari              These bonds have been rated idAA by PT Pemeringkat Efek
       PT Pemeringkat Efek Indonesia (Pefindo) dan dicatatkan              Indonesia (Pefindo) and were listed on the Indonesia Stock
       di Bursa Efek Indonesia pada tanggal 23 Februari 2026.              Exchange on February 23, 2026.

PT Jasamarga Semarang Batang (JSB)                                         PT Jasamarga Semarang Batang (JSB)
Berdasarkan keputusan Menteri PUPR No. 18/KPTS/M/2026                      Based on the decision of the Minister of Public Works and
tanggal 07 Januari 2026, tarif tol terjauh ruas Batang-                    Public Housing No. 18/KPTS/M/2026 dated January 7, 2026,
Semarang yang dioperasikan oleh PT Jasamarga Semarang                      the maximum toll rates for the Batang-Semarang section
Batang adalah sebagai berikut:                                             operated by PT Jasamarga Semarang Batang are as follows:



                                                                                    Golongan
                Ruas                                                                  Class
 No.
               Section
                                           I                        II                   III                      IV          V
   1      Batang - Semarang            144.500                 216.500                216.500                  289.000     289.000


PT Jasamarga Manado Bitung (JMB)                                           PT Jasamarga Manado Bitung (JMB)
JMB telah mengajukan permohonan kompensasi kepada                          JMB has submitted a compensation request to the Minister
Menteri Pekerjaan Umum Republik Indonesia (PUPR) melalui                   of Public Works of the Republic of Indonesia (PUPR) through
surat tertanggal 14 Januari 2026 dengan Nomor: 009/                        a letter dated January 14, 2026 with Number: 009/AA-
AA-JMB/PP/I/2026. Permohonan tersebut disampaikan                          JMB/PP/I/2026. The request was submitted based on the
berdasarkan ketentuan dalam Perjanjian Pengusahaan Jalan                   provisions of the Toll Road Concession Agreement (PPJT)
Tol (PPJT) yang mengatur mekanisme kompensasi atas                         which regulates the compensation mechanism for certain
kondisi tertentu yang berada di luar kendali Perusahaan.                   conditions beyond the Company’s control. These conditions
Kondisi dimaksud menimbulkan risiko politik permanen                       pose a permanent political risk that affects JMB’s traffic
yang berdampak terhadap kinerja lalu lintas serta proyeksi                 performance and financial projections.
keuangan JMB.

Sampai dengan tanggal penerbitan laporan keuangan,                         As of the date of publication of the financial statements, the
permohonan kompensasi tersebut masih dalam proses                          compensation request is still being reviewed by the relevant
penelaahan oleh pihak terkait.                                             parties.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                  387
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Ikhtisar Kinerja Utama       Laporan Manajemen     Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report     Company Profile          Management Discussion and Analysis       Business Support Functions




Prospek Usaha
Business Prospect

Memasuki paruh kedua tahun 2025, Jasa Marga melihat                   Entering the second half of 2025, Jasa Marga sees
prospek usaha yang semakin konstruktif sejalan dengan                 increasingly constructive business prospects in line with
proyeksi pertumbuhan ekonomi nasional yang tetap solid,               projections of solid national economic growth, maintained
stabilitas makroekonomi yang terjaga, serta komitmen                  macroeconomic stability, and the Government’s commitment
Pemerintah dalam melanjutkan pembangunan infrastruktur                to continuing strategic infrastructure development. As the
strategis. Sebagai pengelola jaringan jalan tol terbesar di           operator of the largest toll road network in Indonesia with
Indonesia dengan pangsa pasar 42% dari total panjang jalan            a 42% market share of the total length of national toll roads
tol beroperasi nasional, Perseroan berada pada posisi yang            in operation, the Company is in a strong position to expand
kuat untuk memperluas jaringan, memperdalam integrasi                 its network, deepen service integration, and accelerate
layanan, dan mengakselerasi transformasi bisnis menuju                its business transformation towards becoming a globally
perusahaan infrastruktur berdaya saing global.                        competitive infrastructure company.

Jasa Marga terus memainkan peran sentral dalam                        Jasa Marga continues to play a central role in the completion
penyelesaian proyek-proyek strategis nasional, termasuk               of national strategic projects, including the construction
pembangunan ruas Solo–Yogyakarta–NYIA Kulon Progo,                    of the Solo–Yogyakarta–NYIA Kulon Progo section, which
yang semakin memperkuat posisinya sebagai mitra utama                 further strengthens its position as the Government’s main
Pemerintah dalam pengembangan jaringan jalan tol                      partner in the development of an integrated toll road
terintegrasi. Strategi ekspansi Perseroan difokuskan pada             network. The Company’s expansion strategy is focused
optimalisasi portofolio konsesi dan diversifikasi bisnis yang         on optimizing its concession portfolio and diversifying
dinilai prospektif, dengan pendekatan selektif berbasis               its business in areas that are considered promising, with
kelayakan komersial untuk menjaga keseimbangan antara                 a selective approach based on commercial feasibility to
pertumbuhan dan kapasitas keuangan.                                   maintain a balance between growth and financial capacity.

Hingga Tahun 2025, Jasa Marga mengelola total 1.736 km                By 2025, Jasa Marga manages a total of 1,736 km of
konsesi dengan 1.294 km telah beroperasi, yang diperkuat              concessions with 1,294 km already in operation, which is
oleh peningkatan kinerja lini pengoperasian dan preservasi            strengthened by improved operational and preservation
melalui PT Jasamarga Tollroad Operator (JMTO) dan                     performance through PT Jasamarga Tollroad Operator
PT Jasamarga Tollroad Maintenance (JMTM) dengan                       (JMTO) and PT Jasamarga Tollroad Maintenance (JMTM)
penerapan teknologi cerdas, otomatisasi, dan pemeliharaan             with the application of smart technology, automation, and
yang terukur guna memastikan kualitas layanan serta                   measurable maintenance to ensure service quality and
efisiensi biaya. Pada saat yang sama, potensi pendapatan              cost efficiency. At the same time, the potential for non-toll
non-toll revenue terus dimaksimalkan melalui PT Jasamarga             revenue continues to be maximized through PT Jasamarga
Related Business (JMRB) yang mengembangkan rest area,                 Related Business (JMRB), which develops rest areas,
bisnis iklan dan utilitas, Toll Corridor Development (TCD),           advertising and utility businesses, Toll Corridor Development
serta infrastruktur pendukung seperti Stasiun Pengisian               (TCD), and supporting infrastructure such as Public Electric
Kendaraan Listrik Umum (SPKLU) sebagai bagian dari                    Vehicle Charging Stations (SPKLU) as part of a sustainable
ekosistem mobilitas berkelanjutan.                                    mobility ecosystem.

Transformasi digital menjadi fondasi utama pengelolaan                Digital transformation is the main foundation of the
bisnis modern Perseroan. Implementasi Jasamarga                       Company’s       modern      business     management.      The
Integrated Maintenance Management System (JIMMS),                     implementation of the Jasamarga Integrated Maintenance
Jasamarga Integrated Digitalmap (JID), dan integrasi SAP              Management System (JIMMS), Jasamarga Integrated
Analytic Cloud (SAC) membangun ecosystem data-driven                  Digitalmap (JID), and the integration of SAP Analytic Cloud
decision making yang memperkuat efisiensi operasional,                (SAC) have built a data-driven decision making ecosystem
akurasi pelaporan, dan ketepatan respons terhadap                     that strengthens operational efficiency, reporting accuracy,
dinamika di lapangan. Teknologi Intelligent Transportation            and responsiveness to dynamics in the field. Intelligent
System (ITS), Electronic Toll Collection (ETC), dan Traffic           Transportation System (ITS), Electronic Toll Collection
Information Center (TIC) juga terus dioptimalkan untuk                (ETC), and Traffic Information Center (TIC) technologies
meningkatkan keselamatan, kelancaran, dan kenyamanan                  are also continuously optimized to enhance the safety,
perjalanan pengguna jalan. Seluruh inisiatif ini diperkuat oleh       smoothness, and comfort of road users’ journeys. All of
peran Jasa Marga Tollroad Command Center (JMTC) sebagai               these initiatives are reinforced by the role of the Jasa Marga
pusat kendali nasional yang memastikan keandalan layanan              Tollroad Command Center (JMTC) as a national control
real-time dan menjadi tulang punggung implementasi sistem             center that ensures the reliability of real-time services and
transportasi cerdas di seluruh jaringan jalan tol Indonesia.          serves as the backbone for the implementation of smart
                                                                      transportation systems across Indonesia’s toll road network.




388                                                                        Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 389
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Sejalan dengan dinamika makroekonomi global dan fluktuasi             In line with global macroeconomic dynamics and interest
suku bunga, Jasa Marga menerapkan strategi pembiayaan                 rate fluctuations, Jasa Marga implements prudent and
yang pruden dan berkelanjutan melalui optimalisasi asset              sustainable financing strategies through the optimization
recycling, perluasan sumber pendanaan berbasis pasar                  of asset recycling, the expansion of capital market-based
modal, dan pemanfaatan instrumen pembiayaan hijau (green              funding sources, and the use of green financing instruments
financing) yang selaras dengan prinsip Environmental,                 that are in line with Environmental, Social, and Governance
Social, and Governance (ESG). Kolaborasi dengan entitas               (ESG) principles. Collaboration with subsidiaries and
anak dan mitra strategis terus diperkuat untuk menjaga                strategic partners continues to be strengthened to maintain
likuiditas, meningkatkan arus kas, serta menekan beban                liquidity, improve cash flow, and reduce interest expenses,
bunga, sementara prinsip keberlanjutan ditanamkan                     while the principle of sustainability is embedded in every
dalam setiap proses bisnis, mulai dari efisiensi energi               business process, from energy efficiency to the development
hingga pengembangan rest area ramah lingkungan, demi                  of environmentally friendly rest areas, in order to create
menciptakan nilai ekonomi dan sosial yang berimbang bagi              balanced economic and social value for all stakeholders.
seluruh pemangku kepentingan.

Mengacu pada Rencana Jangka Panjang Perusahaan (RJPP)                 Referring to the 2025-2029 Long-Term Corporate Plan
2025–2029 bertema “Meningkatkan Kinerja Portofolio yang               (RJPP) themed “Improving Existing Portfolio Performance
Sudah Ada serta Melibatkan dan Memahami Pelanggan                     and Engaging and Understanding Customers Well,” the
dengan Baik,” Perseroan menegaskan komitmennya untuk                  Company affirms its commitment to transforming itself into
bertransformasi menjadi Integrated Mobility Company                   an Integrated Mobility Company through the optimization
melalui optimalisasi profitabilitas portofolio jalan tol dan          of the profitability of its toll road portfolio and subsidiaries,
entitas anak, inovasi pengalaman pelanggan berbasis                   innovation in digital-based customer experience, the
digital, pengembangan sustainable infrastructure dan green            development of sustainable infrastructure and green toll
toll road, peningkatan kapabilitas organisasi dan tata kelola,        roads, the improvement of organizational and governance
serta perluasan kolaborasi strategis dengan mitra nasional            capabilities, and the expansion of strategic collaborations
dan global untuk mempercepat penciptaan nilai jangka                  with national and global partners to accelerate the creation
panjang.                                                              of long-term value.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                               389
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Ikhtisar Kinerja Utama       Laporan Manajemen         Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report         Company Profile           Management Discussion and Analysis       Business Support Functions




Aspek Pemasaran
Marketing Aspect

Pangsa Pasar                                                              Market Share
Pengaturan portofolio bisnis pada lini bisnis konsesi jalan               The management of the business portfolio in the toll road
tol menjadi kunci utama keberlangsungan bisnis Perseroan.                 concession business line is key to the Company's business
Hal tersebut selaras dengan visi Perseroan yang baru yaitu                continuity. This is in line with the Company's new vision of
“Inovasi menuju peningkatan nilai yang berkelanjutan”.                    "Innovation towards sustainable value enhancement". The
Pemilihan konsesi jalan tol yang dimiliki oleh Jasa Marga                 selection of toll road concessions owned by Jasa Marga is
dilakukan secara selektif dengan memperhatikan kelayakan                  carried out selectively by considering commercial feasibility
komersial sesuai yang dipersyaratkan Perseroan. Sampai                    in accordance with the Company's requirements. Up to
dengan tahun 2025, Perseroan memiliki pangsa pasar                        2025, the Company has a market share of 42%, calculated
sebesar 42% yang dihitung berdasarkan panjang (km) jalan                  based on the length (km) of toll roads that are operational
tol yang telah beroperasi di seluruh wilayah Indonesia.                   throughout Indonesia. This market share still represents the
Pangsa pasar ini masih menjadi representasi Perusahaan                    Company as the leader in the toll road industry in Indonesia.
merupakan pemimpin pada industri jalan tol di Indonesia.

                                             Bagan Pangsa Pasar Perseroan Tahun 2025
                                                 Chart of Company Market Share for 2025




                              Lainnya | Others                                                            JSMR
                              58%                                                                        42%




Strategi Pemasaran                                                        Marketing Strategy
Bidang Pengembangan Jalan Tol                                             Toll Road Development

Dalam rangka mewujudkan tujuan Perseroan untuk menjadi                    To achieve the Company’s goal of becoming a professional
pemimpin bisnis jalan tol di seluruh rantai nilai secara                  and sustainable leader in the toll road business across the
profesional dan berkesinambungan, salah satu strategi                     entire value chain, one of the strategies implemented is
yang dilakukan adalah berfokus pada pembangunan proyek                    to focus on the construction of toll road projects that are
jalan tol yang terkoneksi langsung dengan jalan tol yang                  directly connected to existing toll roads and are all located
sudah ada dan seluruhnya berlokasi di Pulau Jawa. Adapun                  on the island of Java. The construction is carried out in
pembangunan dilakukan secara bertahap dan menyesuaikan                    stages and in accordance with the Company’s financial
dengan kapabilitas finansial Perseroan.                                   capabilities.

Di samping itu, Perseroan juga memperluas jaringan jalan tol              In addition, the Company is expanding its toll road network
yang dimiliki dengan menambah kepemilikan konsesi ruas                    by acquiring new toll road concessions with commercially
jalan tol baru yang memiliki tingkat pengembalian investasi               viable rates of return. To expand its toll road concession
yang layak secara komersial. Dalam rangka ekspansi                        business line, the Company is focusing on completing the
bisnis pada lini bisnis konsesi jalan tol, Perseroan berfokus             construction of five toll roads that are still under construction
menyelesaikan konstruksi dari lima ruas dalam tahap                       in stages. This is done to balance the Company’s financial
pembangunan yang masih berlangsung secara bertahap. Hal                   capacity with its business expansion, particularly in the toll
ini dilakukan untuk menyeimbangkan kapasitas keuangan                     road concession business line.
Perseroan terhadap ekspansi bisnis Perusahaan khususnya
pada lini bisnis konsesi jalan tol.




390                                                                            Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
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06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Bidang Pengoperasian Jalan Tol                                        Toll Road Operations

Di bidang pengoperasian jalan tol, Perseroan melalui                  In the field of toll road operation, through PT Jasamarga
PT Jasamarga Tollroad Operator (JMTO) senantiasa                      Tollroad Operator (JMTO), the Company continues to fulfill
mewujudkan      komitmennya      untuk     mempertahankan             its commitment to maintaining service quality by complying
kualitas pelayanan dengan tetap memenuhi Standar                      with Minimum Service Standards (SPM) and Service Level
Pelayanan Minimal (SPM) dan Service Level Agreement                   Agreements (SLA). The Company continues to focus
(SLA). Perseroan senantiasa berfokus untuk menjaga di                 on retaining the toll roads it operates to improve safety,
jalan tol yang dioperasikan dalam rangka meningkatkan                 comfort, and ease of travel. In 2025, the Company also
keselamatan, kenyamanan, dan kemudahan perjalanan. Di                 continued its technology development programs, including
tahun 2025, Perseroan juga kembali melanjutkan program                the development of Intelligent Transport System Level 4
pengembangan teknologi di antaranya pengembangan                      technology and the development of an operational data
teknologi Intelligent Transport System Level 4 dan                    warehouse to support more effective and efficient toll road
pengembangan data warehouse operasi untuk mendukung                   operations.
pengoperasian jalan tol yang lebih efektif dan efisien.

Bidang Preservasi Jalan Tol                                           Toll Road Preservation

Dalam bidang preservasi jalan tol, melalui anak usahanya              In the field of toll road preservation, through its subsidiary
yaitu PT Jasamarga Tollroad Maintenance (JMTM),                       PT Jasamarga Tollroad Maintenance (JMTM), the Company
Perseroan memastikan terpenuhinya Standar Pelayanan                   ensures compliance with the Minimum Service Standards
Minimal (SPM) Jalan Tol sesuai dengan Keputusan Menteri               (SPM) for Toll Roads in accordance with the Decree of
PUPR No. 16/PRT/M/2014 tahun 2014. Untuk mendukung                    the Minister of Public Works and Public Housing No. 16/
program preservasi jalan, Perseroan mengembangkan                     PRT/M/2014 of 2014. To support the road preservation
teknologi Integrated Tollroad Maintenance System melalui              programme, the Company has developed the Integrated
pengembangan aplikasi JIMMS (Jasamarga Integrated                     Toll Road Maintenance System technology through
Maintenance Management System) khususnya modul                        the development of the JIMMS (Jasamarga Integrated
jembatan, lereng, drainase, dan perkerasan. Selain itu,               Maintenance Management System) application, specifically
Perseroan melakukan integrasi perlengkapan Early                      the bridge, slope, drainage, and pavement modules. In
Warning System untuk dapat memberikan peringatan dini                 addition, the Company has integrated Early Warning
kepada semua stakeholder terkait agar dapat melakukan                 System equipment to provide early warnings to all relevant
pemantauan dan memutuskan tindakan yang tepat sebelum                 stakeholders so that they can monitor and decide on
terjadi genangan secara real time.                                    appropriate actions in real time before flooding occurs.

Bidang Pengembangan Usaha Prospektif                                  Prospective Business Development

Pengembangan bisnis prospektif yang dijalankan oleh                   The     prospective    business    development     currently
Perseroan saat ini terkait usaha pengelolaan tempat                   undertaken by the Company relates to the management
istirahat dan pelayanan (TIP), pengembangan Toll                      of rest areas and services (TIP), Toll Corridor Development
Corridor Development (TCD), pemanfaatan koridor jalan                 (TCD), and conventional utilization of toll road corridors,
tol secara konvensional, yang secara keseluruhan dikelola             which are collectively managed by PT Jasamarga Related
oleh PT Jasamarga Related Business (JMRB). Secara                     Business (JMRB). Overall, the marketing strategy in the field
keseluruhan, strategi pemasaran di bidang pengembangan                of prospective business development is focused on cross-
usaha prospektif difokuskan pada sinergi lintas entitas,              entity synergy, asset optimization, digital innovation, and
optimalisasi aset, serta inovasi digital dan kolaborasi               strategic collaboration. With a more measured, adaptive,
strategis. Dengan pendekatan yang lebih terukur, adaptif,             and long-term oriented approach, Jasa Marga, through
dan berorientasi jangka panjang, Jasa Marga melalui JMRB              JMRB, is committed to developing prospective businesses
berkomitmen untuk mengembangkan bisnis prospektif                     that not only strengthen financial performance but also
yang tidak hanya memperkuat kinerja keuangan, tetapi                  expand the Company’s role as a catalyst for sustainable
juga memperluas peran Perseroan sebagai katalis mobilitas             mobility and national economic development.
berkelanjutan dan pembangunan ekonomi nasional.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                             391
Page 392
01                             02                   03                       04                                          05
Ikhtisar Kinerja Utama         Laporan Manajemen    Profil Perusahaan         Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights     Management Report    Company Profile           Management Discussion and Analysis          Business Support Functions




Kebijakan dan Pembayaran Dividen
Dividend Policy and Payments

Kebijakan Dividen                                                      Dividend Policy
Perseroan berkomitmen untuk selalu memperhatikan hak                   The Company is committed to always considering the rights
para pemegang saham dengan tetap memperhatikan                         of shareholders while taking into account the Company’s
kondisi keuangan dan kinerja Perseroan pada tahun berjalan             financial condition and performance for the current year
melalui pembayaran dividen. Pembayaran dividen yang                    through dividend payments. Dividend payments made by
dilakukan oleh Perseroan dilakukan sesuai dengan Undang-               the Company are in accordance with Law No. 40 of 2007 on
Undang No. 40 Tahun 2007 tentang Perseroan Terbatas.                   Limited Liability Companies. Based on Article 71, paragraph
Berdasarkan Pasal 71 ayat 3 pada undang-undang tersebut,               3 of the law, the Company may distribute dividends to
Perseroan dapat membagikan dividen kepada pemegang                     shareholders if the Company has a positive profit balance
saham apabila Perseroan memiliki saldo laba yang positif               and in accordance with the Company’s financial capabilities.
dan sesuai dengan kemampuan keuangan Perseroan.                        The distribution of dividends is carried out based on the
Pembagian dividen ini dilakukan berdasarkan Keputusan                  decision of the General Meeting of Shareholders (GMS).
Rapat Umum Pemegang Saham (RUPS).

Berdasarkan prospektus, kebijakan dividen Perseroan adalah             Based on the prospectus, the Company’s dividend policy
sebesar 20%. Meski demikian, pembagian dividen setiap                  is 20%. However, the distribution of dividends each year
tahun tidak bersifat pasti, melainkan disesuaikan dengan               is not fixed, but is adjusted according to various factors,
berbagai faktor, antara lain perolehan laba bersih pada                including net profit for the fiscal year, the Company’s
tahun fiskal, kewajiban Perseroan untuk mengalokasikan                 obligation to allocate reserve funds in accordance with
dana cadangan sesuai dengan peraturan yang berlaku                     applicable regulations, and the need for funds for further
dan kebutuhan dana untuk rencana ekspansi bisnis lebih                 business expansion plans, without prejudice to the rights
lanjut, tanpa mengurangi hak dari Rapat Umum Pemegang                  of the Annual General Meeting of Shareholders (AGMS)
Saham Tahunan (RUPST) untuk menentukan sesuai dengan                   to determine in accordance with the provisions of the
ketentuan Anggaran Dasar Perseroan. Dengan tetap                       Company’s Articles of Association. While continuing to
memperhatikan posisi keuangan dan/atau tingkat kesehatan               pay attention to the Company’s financial position and/or
Perseroan, kebijakan dividen yang ditargetkan adalah                   soundness, the targeted dividend policy is a payout ratio of
sebesar 15%-20% dari laba yang dapat diatribusikan kepada              15%-20% of the profit attributable to owners of the parent
pemilik entitas induk, kecuali ditentukan lain oleh Rapat              entity, unless otherwise determined by the General Meeting
Umum Pemegang Saham.                                                   of Shareholders.

Sesuai peraturan yang berlaku, Perseroan wajib                         In accordance with applicable regulations, the Company is
melaksanakan pembayaran dividen tunai kepada pemegang                  required to pay cash dividends to eligible shareholders no
saham yang berhak paling lambat 30 (tiga puluh) hari setelah           later than 30 (thirty) days after the announcement of the
diumumkannya ringkasan risalah RUPST yang memutuskan                   summary of the AGM minutes deciding on the distribution
pembagian dividen tunai apabila Perseroan memutuskan                   of cash dividends if the Company decides to pay dividends.
melakukan penyetoran dividen.


Pembayaran Dividen                                                     Dividend Payment
Di tahun 2025, berdasarkan keputusan RUPST tanggal                     In 2025, based on the AGMS resolution dated May 7, 2025,
7 Mei 2025, Perseroan menetapkan untuk membagikan                      the Company decided to distribute a cash dividend of 25%
dividen tunai sebesar 25% atau Rp1.133.891.319.654 atas                or Rp1,133,891,319,654 for the 2024 fiscal year. Details of
laba bersih tahun buku 2024. Adapun rincian pembayaran                 the Company’s dividend payments to shareholders over the
dividen Perseroan kepada pemegang saham dalam 5 (lima)                 last 5 (five) years are as follows:
tahun terakhir dapat dilihat sebagai berikut:

Tabel Pembayaran Dividen                                                                                                      (dalam miliar Rupiah)
Table of Dividend Payment                                                                                                         (in billion Rupiah)

                                                                                        Tahun Buku
                        Uraian                                                           Fiscal Year
                      Description
                                                    2025*                2024               2023                  2022               2021
 Laba Bersih
                                                         3.659,5            4.533,0             6.793,6             2.746,9               1.615,3
 Net Profit

 Jumlah Saham Beredar
                                                   7.257.871.200       7.257.871.200     7.257.871.200       7.257.871.200        7.257.871.200
 Total Shares Outstanding




392                                                                         Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 393
06                                07                                       08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




Tabel Pembayaran Dividen                                                                                                                (dalam miliar Rupiah)
Table of Dividend Payment                                                                                                                   (in billion Rupiah)

                                                                                                Tahun Buku
                      Uraian                                                                     Fiscal Year
                    Description
                                                            2025*               2024                2023                   2022                2021
 Laba Bersih per Saham (Rupiah penuh)
                                                                     504                625                  936                  378                   222
 Earnings per Share (full Rupiah)

 Jumlah Dividen yang Dibayarkan
                                                                       *             1.113,9               274,8               549,4                        -
 Dividend Paid

 Rasio Pembayaran Dividen
                                                                       *                25%                   4%                  20%                       -
 Dividend Payout Ratio

 Dividen per Saham (Rupiah penuh)
                                                                       *             156,23                37,86                75,69                       -
 Dividend per Share (full Rupiah)

 Tanggal Pengumuman Dividen                                                 07 Mei 2025         13 Mei 2024             12 Mei 2023
                                                                       *                                                                                    -
 Dividend Announcement Date                                                 May 7, 2025         May 13, 2024            May 12, 2023

 Tanggal Pembayaran Dividen                                                 05 Juni 2025         07 Juni 2024           09 Juni 2023
                                                                       *                                                                                    -
 Dividend Payment Date                                                      June 5, 2025         June 7, 2024           June 9, 2023
 Keterangan | Note:
 *Akan diputuskan pada RUPS Tahunan Tahun Buku 2025.
 *To be decided at the 2025 fiscal year Annual GMS.




Adapun besaran dividen dan pembayaran dividen atas                           The amount of dividends and dividend payments for the
kinerja keuangan tahun buku 2025 akan diputuskan pada                        2025 fiscal year will be decided at the 2025 Annual General
Rapat Umum Pemegang Saham Tahunan tahun buku 2025                            Meeting of Shareholders to be held in 2026.
yang akan diselenggarakan di tahun 2026.




Program Kepemilikan Saham oleh Karyawan
dan Manajemen (ESOP/MSOP)
Employee and Management Stock Ownership Program
(ESOP/MSOP)

Sampai dengan 31 Desember 2025, Perseroan tidak                              Up to December 31, 2025, the Company does not have an
memiliki program Kepemilikan Saham oleh Karyawan dan                         Employee Stock Ownership Program or Management Stock
Manajemen atau Employee Stock Option Program (ESOP)                          Ownership Program (ESOP) and Management Stock Option
dan Management Stock Option Program (MSOP).                                  Program (MSOP).




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                                    393
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01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Program Employee Stock Allocation (ESA)
Employee Stock Allocation (ESA) Program

Perseroan memiliki program Penjatahan Saham Karyawan                The Company has an Employee Stock Allocation (ESA)
(Employee Stock Allocation/ESA) yang bertujuan agar                 program, which aims to foster a sense of belonging among
karyawan memiliki sense of belonging terhadap Perseroan             employees with the hope of boosting work productivity,
dengan harapan dapat memacu produktivitas kerja, yang               which in turn will have an impact on the overall performance
pada gilirannya berdampak pada kinerja korporasi secara             of the corporation.
keseluruhan.

Program ESA terdiri dari:                                           The ESA program consists of:
1. Saham Bonus                                                      1. Bonus Shares
   Komisaris (selain Komisaris Independen), Direksi dan                Commissioners (other than Independent Commissioners),
   seluruh karyawan tetap Perseroan yang memenuhi                      Directors, and all permanent employees of the Company
   kriteria tertentu dapat menerima Saham Bonus pada                   who meet certain criteria may receive Bonus Shares at
   saat Penawaran Umum Perdana (Initial Public Offering/               the time of the Initial Public Offering (IPO) equivalent
   IPO) sebesar ekuivalen dengan satu bulan gaji bulan                 to one month's salary for June 2007. The Company
   Juni 2007. Perseroan mengantisipasi untuk memberikan                anticipates issuing approximately 11,862,000 shares
   sekitar 11.862.000 saham di dalam skema Saham Bonus                 under the Bonus Shares scheme to non-Independent
   yang diberikan kepada Komisaris non Independen,                     Commissioners, Directors, and employees, each
   Direksi dan karyawan masing-masing sebesar 1,70% dan                amounting to 1.70% and 98.30% respectively.
   98,30%.

2. Saham Jatah Pasti                                                2. Fixed Allocation Shares
   Selain Saham Bonus, peserta juga diberi kesempatan                  In addition to Bonus Shares, participants are also given
   membeli Saham Jatah Pasti pada saat IPO. Jumlah                     the opportunity to purchase Fixed Allocation Shares
   Saham Jatah Pasti sekitar 192.138.000 lembar saham.                 during the IPO. The number of Fixed Allocation Shares
   Saham Jatah Pasti diberlakukan penjatahan secara                    is approximately 192,138,000 shares. Fixed Allocation
   proporsional berdasarkan gaji bulanan karyawan dan                  Shares are allocated proportionally based on employees'
   beberapa pembatasan tertentu lainnya.                               monthly salaries and certain other restrictions.


Jumlah Saham ESA                                                    Total ESA Shares
RUPS Luar Biasa pada 12 September 2007 telah menyetujui             The Extraordinary GMS on September 12, 2007, approved the
pelaksanaan Program ESA, dengan memberikan kesempatan               implementation of the ESA Program, allowing participants to
kepada peserta untuk memiliki hingga 10% dari saham yang            own up to 10% of the shares offered to the public, or the
ditawarkan kepada publik, atau setara dengan 204.000.000            equivalent of 204,000,000 shares.
lembar saham.


Jangka Waktu ESA                                                    ESA Term
Saham bonus merupakan salah satu program ESA, tidak                 Bonus shares are part of the ESA program and cannot be
dapat dijual maupun dipindahtangankan selama 3 (tiga)               sold or transferred for a period of 3 (three) years (lock-up
tahun (periode lock up).                                            period).


Persyaratan Peserta Program ESA                                     ESA Program Participant Requirements
Berdasarkan Surat Keputusan Direksi No. 182.1/KPTS/2007             Based on Board of Directors Decree No. 182.1/KPTS/2007
mengenai Program Kepemilikan Saham oleh Karyawan dan                on the Share Ownership Program for Employees and
Manajemen PT Jasa Marga (Persero) Tbk, peserta Program              Management of PT Jasa Marga (Persero) Tbk, participants
ESA meliputi Karyawan Tetap, Direksi, Dewan Komisaris               in the ESA Program include Permanent Employees, Board
(kecuali Komisaris Independen), Sekretaris Dewan Komisaris,         of Directors, Board of Commissioners (except Independent
serta Staf Sekretaris Direksi yang tercatat dalam Sistem            Commissioners), Secretary to the Board of Commissioners,
Informasi Manajemen Sumber Daya Manusia Perseroan per               and Executive Secretary Staff who are registered in the
31 Oktober 2007.                                                    Company’s Human Resource Management Information
                                                                    System per October 31, 2007.


Harga Exercise                                                      Exercise Price
Program ESA tidak memiliki harga exercise. Harga saham              The ESA program does not have an exercise price. The
pada saat IPO adalah sebesar Rp1.700 per lembar saham.              share price at the time of the IPO was Rp1,700 per share.



394                                                                     Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 395
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Realisasi Penggunaan
Dana Hasil Penawaran Umum
Realization of Use of Public Offering Proceeds

Realisasi Penggunaan Obligasi                                         Realization of Bond Utilization
Pada 9 September 2020, Perseroan menerbitkan Obligasi                 On September 9, 2020, the Company issued the Jasa Marga
Berkelanjutan II Jasa Marga Tahap I Tahun 2020 dengan                 Shelf-Registered Bond II Phase I Year 2020 with a fixed
tingkat bunga tetap senilai Rp2,0 triliun. Berdasarkan                interest rate of Rp2.0 trillion. Based on the prospectus, all
prospektus, seluruh dana hasil Penawaran Umum Obligasi,               proceeds from the Public Offering of Bonds, after deducting
setelah dikurangi biaya emisi, digunakan untuk mendukung              issuance costs, were used to support the Company’s
kebutuhan modal kerja Perseroan.                                      working capital requirements.

Selanjutnya, pada 05 Juli 2024, Perseroan kembali                     Furthermore, on July 5, 2024, the Company again issued
menerbitkan Obligasi Berkelanjutan III Jasa Marga Tahap I             the Jasa Marga Shelf-Registered Bond III Phase I Year 2024
Tahun 2024 dengan tingkat bunga tetap sebesar Rp932,4                 with a fixed interest rate of Rp932.4 billion. According to the
miliar. Sesuai prospektus, dana hasil penawaran ini, setelah          prospectus, the proceeds from this offering, after deducting
dikurangi biaya emisi, juga dialokasikan sepenuhnya untuk             issuance costs, were also fully allocated to the Company’s
modal kerja Perseroan.                                                working capital.

Pada tahun 2025, Perseroan kembali melanjutkan program                In 2025, the Company continued its long-term funding
pendanaan jangka panjang melalui penerbitan Obligasi                  program through the issuance of the Jasa Marga Shelf-
Berkelanjutan III Jasa Marga Tahap II Tahun 2025. Penerbitan          Registered Bond III Phase II Year 2025. This issuance is
ini merupakan bagian dari rangkaian Obligasi Berkelanjutan            part of the Shelf-Registered Bond III series that began in
III yang telah dimulai pada tahun sebelumnya, sebagai wujud           the previous year, reflecting the Company’s commitment
komitmen Perseroan dalam menjaga struktur permodalan                  to maintaining a sound capital structure and supporting
yang sehat serta mendukung keberlanjutan pengembangan                 the sustainable development of toll road infrastructure in
infrastruktur jalan tol di Indonesia.                                 Indonesia.

Obligasi Berkelanjutan III Jasa Marga Tahap II Tahun 2025             Jasa Marga Phase II 2025 Continuous Bond III was issued
diterbitkan dengan tingkat bunga tetap, dengan total nilai            with a fixed interest rate, with a total value of Rp1 trillion.
sebesar Rp1 triliun. Sesuai prospektus, dana yang diperoleh           According to the prospectus, the funds obtained from this
dari hasil penawaran umum ini, setelah dikurangi biaya                public offering, after deducting issuance costs, will be used
emisi, akan digunakan seluruhnya untuk pelunasan Obligasi             entirely to repay the Jasa Marga Series B Phase I 2020
Berkelanjutan II Jasa Marga Tahap I Tahun 2020 seri B dan             Sustainable Bond and for capital deposits to PT Jasamarga
setoran modal ke PT Jasamarga Probolinggo Banyuwangi                  Probolinggo Banyuwangi (JPB), PT Jasamarga Jogja Bawen
(JPB), PT Jasamarga Jogja Bawen (JJB), dan PT Jasamarga               (JJB), and PT Jasamarga Japek Selatan (JJS).
Japek Selatan (JJS).

Melalui penerbitan obligasi ini, Perseroan memperkuat                 Through the issuance of these bonds, the Company
akses pendanaan dari pasar modal sekaligus menunjukkan                strengthens its access to funding from the capital market
kepercayaan investor terhadap kinerja dan prospek bisnis              while demonstrating investor confidence in Jasa Marga’s
Jasa Marga yang solid, konsisten, serta berorientasi pada             solid, consistent, and sustainable growth-oriented business
pertumbuhan berkelanjutan.                                            performance and prospects.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                             395
Page 396
01                               02                        03                      04                                          05
Ikhtisar Kinerja Utama           Laporan Manajemen         Profil Perusahaan        Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report         Company Profile          Management Discussion and Analysis          Business Support Functions




Tabel Realisasi Penggunaan Dana Hasil Penawaran Umum                                                                                 (dalam jutaan Rupiah)
Table of Realization of the Use of Public Offering Proceeds                                                                              (in million Rupiah)



                                                              Uraian
                                                                                                Rencana             Realisasi
                                                            Description                                                                   Sisa Dana
                                                                                              Penggunaan          Penggunaan
                                                                                                                                             Hasil
             Jenis                             Jumlah                                             Dana                Dana
                               Tanggal                          Biaya                                                                    Penawaran
           Penawaran                            Hasil                                           Menurut             Menurut
                                Efektif                       Penawaran                                                                     Umum
 No.         Umum                            Penawaran                            Hasil       Prospektus          Prospektus
                               Effective                        Umum                                                                     Remaining
          Type of Public                       Umum                                Net          Proceeds            Proceeds
                                 Date                           Public                                                                   Funds from
            Offering                         Total Public                        Results       Utilization         Realization
                                                               Offering                                                                     Public
                                              Offering                                          Plan per               per
                                                                 Fee                                                                       Offering
                                               Results                                         Prospectus          Prospectus
         Obligasi
         Berkelanjutan II     08
         Jasa Marga Tahap     September
  1.     I Tahun 2020         2020             2.000.000           8.100         1.991.899       1.991.899              1.991.899               0
         Jasa Marga Shelf-    September
         Registered Bond II   8, 2020
         Phase I Year 2020

         Obligasi
         Berkelanjutan III
         Jasa Marga Tahap
         I Tahun 2024         05 Juli 2024
  2.                                           932.350             5.792         926.558          926.558               926.558                 0
         Jasa Marga Shelf-    July 5, 2024
         Registered Bond
         III Phase I Year
         2024

         Obligasi
         Berkelanjutan III
                              04
         Jasa Marga Tahap
                              September
         II Tahun 2025
  3.                          2025             1.000.000           3.566         996.434          996.434               996.434                 0
         Jasa Marga Shelf-
                              September
         Registered Bond
                              4, 2025
         III Phase II Year
         2025


Adapun rincian realisasi penggunaan dana Obligasi adalah                      The details of the realization of the use of Bond funds are
sebagai berikut:                                                              as follows:

Tabel Rincian Realisasi Penggunaan Dana Obligasi Berkelanjutan II Jasa Marga Tahap I Tahun 2020                                      (dalam Rupiah penuh)
Table of Jasa Marga Shelf-Registered Bond II Phase I Year 2020 Bond Proceeds Realization                                                    (in full Rupiah)



                                       Realisasi Penggunaan Dana Obligasi                                                           Jumlah
 No                                                                                                                                 Amount
                                            Bond Proceeds Realization
         Modal Kerja Operasional
  1.                                                                                                                                 1.180.905.108.271
         Operational Working Capital

         Dana Talangan Tanah PT Cinere Serpong Jaya (CSJ)
  2.                                                                                                                                    26.767.771.146
         Land Bridging Fund for PT Cinere Serpong Jaya (CSJ)

         Pinjaman Pemegang Saham PT Jasamarga Balikpapan Samarinda (JBS)
  3.                                                                                                                                  109.725.000.000
         Shareholders Loans PT Jasamarga Balikpapan Samarinda (JBS)

         Pinjaman Pemegang Saham PT Jasamarga Semarang Batang (JSB)
  4.                                                                                                                                  39.900.000.000
         Shareholders Loans PT Jasamarga Semarang Batang (JSB)

         Dana Talangan Tanah PT Jasamarga Semarang Batang (JSB)
  5.                                                                                                                                  370.692.414.205
         Land Bridging Fund for PT Jasamarga Semarang Batang (JSB)

         Dana Talangan Tanah PT Cinere Serpong Jaya (CSJ)
  6.                                                                                                                                  216.028.932.058
         Land Bridging Fund for PT Cinere Serpong Jaya (CSJ)

         Pinjaman Pemegang Saham PT Jasamarga Solo Ngawi (JSN)
  7.                                                                                                                                   47.880.000.000
         Shareholders Loans PT Jasamarga Solo Ngawi (JSN)

 Total                                                                                                                              1.991.899.225.680




396                                                                               Laporan Tahunan 2025 Annual Report       PT Jasa Marga (Persero) Tbk
Page 397
06                               07                                  08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan    Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility     Reference of POJK, SEOJK, and ARA Criteria




Tabel Rincian Realisasi Penggunaan Dana Obligasi Berkelanjutan III Jasa Marga Tahap I Tahun 2024                  (dalam Rupiah penuh)
Table of Jasa Marga Shelf-Registered Bond III Phase I Year 2024 Bond Proceeds Realization                                (in full Rupiah)



                                      Realisasi Penggunaan Dana Obligasi                                          Jumlah
 No                                                                                                               Amount
                                           Bond Proceeds Realization
         Modal Kerja Pengoperasian dan Pemeliharaan Jalan Tol
  1.                                                                                                               926.558.213.373
         Toll Road Operations and Maintenance Working Capital

 Total                                                                                                            926.558.213.373



Tabel Rincian Realisasi Penggunaan Dana Obligasi Berkelanjutan III Jasa Marga Tahap II Tahun 2025                 (dalam Rupiah penuh)
Table of Jasa Marga Shelf-Registered Bond III Phase II Year 2025 Bond Proceeds Realization                               (in full Rupiah)



                                      Realisasi Penggunaan Dana Obligasi                                          Jumlah
 No                                                                                                               Amount
                                           Bond Proceeds Realization
         Pelunasan Pokok Obligasi Berkelanjutan II Jasa Marga Tahap I Tahun 2020 Seri B
  1.                                                                                                              286.000.000.000
         Principal Repayment for Jasa Marga Shelf-Registered Bond II Phase I Year 2020 Series B

         Setoran Modal PT Jasamarga Japek Selatan
  2.                                                                                                              250.000.000.000
         Capital Contribution of PT Jasamarga Japek Selatan

         Setoran Modal PT Jasamarga Jogja Bawen
  3.                                                                                                              250.000.000.000
         Capital Contribution of PT Jasamarga Jogja Bawen

         Setoran Modal PT Jasamarga Probolinggo Banyuwangi
  4.                                                                                                               210.433.569.401
         Capital Contribution of PT Jasamarga Probolinggo Banyuwangi

 Total                                                                                                            996.433.569.401



Sesuai dengan Peraturan Otoritas Jasa Keuangan No. 30/                 In accordance with Financial Services Authority Regulation
POJK.04/2015 tentang Laporan Realisasi Penggunaan                      No. 30/POJK.04/2015 on Reports on the Realization of
Dana Hasil Penawaran Umum, Perseroan memastikan                        the Use of Proceeds from Public Offerings, the Company
bahwa seluruh dana hasil penawaran umum obligasi telah                 ensures that all proceeds from the public offering of bonds
digunakan sesuai dengan rencana yang tercantum dalam                   have been used in accordance with the plan stated in
Prospektus, serta telah dilaporkan kepada Otoritas Jasa                the Prospectus, and have been reported to the Financial
Keuangan (OJK) dan Bursa Efek Indonesia (BEI).                         Services Authority (OJK) and the Indonesia Stock Exchange
                                                                       (IDX).

Perseroan telah      menyampaikan     Laporan Realisasi                The Company has submitted the Report on the Realization
Penggunaan Dana Hasil Penawaran Umum Obligasi                          of the Use of Proceeds from the Offering of Jasa Marga
Berkelanjutan II Jasa Marga Tahap I Tahun 2020 melalui                 Shelf-Registered Bond II Phase I Year 2020 through Letter
Surat No. BF.KU09.02.18 tanggal 13 Januari 2021, untuk                 No. BF.KU09.02.18 dated January 13, 2021, for the reporting
periode pelaporan per 31 Desember 2020. Laporan tersebut               period ending on December 31, 2020. The report was also
juga telah disampaikan dalam salah satu mata acara Rapat               presented at the 2020 Fiscal Year Annual General Meeting
Umum Pemegang Saham Tahunan (RUPST) Tahun Buku                         of Shareholders (AGMS) on May 27, 2021, and was approved
2020 pada 27 Mei 2021, dan disahkan sesuai dengan Berita               in accordance with AGMS Minutes No. 47 of 2021.
Acara RUPST Nomor 47 Tahun 2021.

Selanjutnya, Perseroan juga telah melaporkan Realisasi                 Furthermore, the Company has also reported the Realization
Penggunaan Dana Hasil Penawaran Umum Obligasi                          of the Use of Funds from the Public Offering of Jasa Marga
Berkelanjutan III Jasa Marga Tahap I Tahun 2024 melalui                Shelf-Registered Bond III Phase I Year 2024 through Letter
Surat No. AB.HM.04.06 tanggal 8 Januari 2025, untuk                    No. AB.HM.04.06 dated January 8, 2025, for the reporting
periode pelaporan per 31 Desember 2024. Laporan ini telah              period ending on December 31, 2024. This report was
disampaikan dalam salah satu mata acara RUPST Tahun                    presented in one of the agenda items of the 2024 Fiscal
Buku 2024 yang diselenggarakan pada 07 Mei 2025.                       Year AGMS held on May 7, 2025.

Sementara itu, Perseroan juga telah melaporkan Realisasi               No. AB.KU.09.02.010 dated January 5, 2026, 2025, for
Penggunaan Dana Hasil Penawaran Umum Obligasi                          the reporting period ending December 31, 2025. This
Berkelanjutan III Jasa Marga Tahap II Tahun 2025 melalui               implementation report will be included as an agenda item at
Surat No. AB.KU.09.02.010 tanggal 5 Januari 2026, untuk                the Annual General Meeting of Shareholders (AGM) for the
periode pelaporan per 31 Desember 2025. Laporan realisasi              2025 financial year, to be held in 2026, for approval at the
tersebut akan dimasukkan ke dalam salah satu Mata Acara                AGM and inclusion in the AGM minutes.
Rapat Umum Pemegang Saham Tahunan (RUPST) Tahun
Buku 2025 yang akan diselenggarakan pada tahun 2026
untuk disahkan dalam RUPST dan dituangkan dalam Berita
Acara RUPST.



PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                               397
Page 398
01                              02                              03                          04                                               05
Ikhtisar Kinerja Utama          Laporan Manajemen               Profil Perusahaan            Analisa dan Pembahasan Manajemen                 Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report               Company Profile              Management Discussion and Analysis               Business Support Functions




Informasi Material Mengenai Investasi, Ekspansi,
Divestasi, Penggabungan/Peleburan Usaha,
Akuisisi, Restrukturisasi Utang dan Modal,
Transaksi Material, dan Transaksi Afiliasi
Material Information Regarding Investment, Expansion,
Divestment, Merger/Consolidation, Acquisition, Debt and Capital
Restructuring, Material Transactions, and Affiliated Transactions

Berikut adalah informasi transaksi material dan transaksi                          The following is information on the Company’s material
afiliasi Perseroan di tahun 2025:                                                  transactions and affiliate transactions in 2025:

Tabel Daftar Informasi Transaksi Perseroan selama Tahun 2025 yang termasuk Informasi Material
Table of the Company’s Transaction Information in 2025 Classified as Material Information

                                                                       Sifat Hubungan
                                                                         Afiliasi atau
                                                                       Jenis Transaksi
                                                        Pihak yang                            Penjelasan           Pemenuhan         Jenis
                                                                        Material atau
                                       Objek            Melakukan                              Kewajaran            Ketentuan      Transaksi
                                                                         Jenis Fakta
       Tanggal          Nilai        Transaksi          Transaksi                              Transaksi             Terkait        Material          Keterangan
 No.                                                                       Material
        Date            Value       Transaction           Parties                            Explanation on         Fulfillment     Material          Description
                                                                           Nature of
                                       Object           Conducting                            Transaction           of Related    Transaction
                                                                            Affiliate
                                                       Transactions                             Fairness            Provisions       Types
                                                                        Relationship or
                                                                       Type of Material
                                                                              Fact
  1.   24                         Likuidasi           1. PT Jasa       Likuidasi JLJ        Melakukan              Pasal 2        Fakta           -
       Februari                   PT Jalantol            Marga         yang merupakan       penutupan pada         POJK 31/       Material
       2025                       Lingkarluar            (Persero)     entitas anak         PT Jalantol            POJK.04/2015   Material Fact
       February                   Jakarta (dalam         Tbk.          perusahaan           Lingkarluar Jakarta    Article 2 of
       24, 2025                   likuidasi) (JLJ).   2. PT Jalantol   PT Jasa Marga        (dalam likuidasi),     POJK 31/
                                  Liquidation of         Lingkarluar   (Persero) Tbk        melalui mekanisme      POJK.04/2015
                                  PT Jalantol            Jakarta       (Jasa Marga          pembubaran yang
                                  Lingkarluar            (JLJ).        atau Perseroan)      diikuti dengan
                                  Jakarta (in                          dengan               likuidasi.
                                  liquidation)                         kepemilikan          Conducting the
                                  (JLJ).                               saham Perseroan      closure of PT
                                                                       di dalamnya          Jalantol Lingkarluar
                                                                       sebesar 99,99%.      Jakarta (in
                                                                       The liquidation of   liquidation) through
                                                                       JLJ, a subsidiary    a dissolution
                                                                       of PT Jasa Marga     mechanism
                                                                       (Persero) Tbk        followed by
                                                                       (Jasa Marga or       liquidation.
                                                                       the Company),
                                                                       in which the
                                                                       Company holds a
                                                                       99.99% stake.




398                                                                                         Laporan Tahunan 2025 Annual Report          PT Jasa Marga (Persero) Tbk
Page 399
06                                    07                                             08
Tata Kelola Perusahaan                Tanggung Jawab Sosial Perusahaan               Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance             Corporate Social Responsibility                Reference of POJK, SEOJK, and ARA Criteria




Tabel Daftar Informasi Transaksi Perseroan selama Tahun 2025 yang termasuk Informasi Material
Table of the Company’s Transaction Information in 2025 Classified as Material Information

                                                                          Sifat Hubungan
                                                                            Afiliasi atau
                                                                          Jenis Transaksi
                                                          Pihak yang                              Penjelasan            Pemenuhan         Jenis
                                                                           Material atau
                                           Objek          Melakukan                                Kewajaran             Ketentuan      Transaksi
                                                                            Jenis Fakta
      Tanggal          Nilai             Transaksi        Transaksi                                Transaksi              Terkait        Material           Keterangan
No.                                                                           Material
       Date            Value            Transaction         Parties                              Explanation on          Fulfillment     Material           Description
                                                                              Nature of
                                           Object         Conducting                              Transaction            of Related    Transaction
                                                                               Affiliate
                                                         Transactions                               Fairness             Provisions       Types
                                                                           Relationship or
                                                                          Type of Material
                                                                                 Fact
2.    23 April      Rp1.000.000.000   Pemberian         1. PT Jasa        TOL merupakan         Berdasarkan             POJK 42/2020   Transaksi     Direksi dan Dewan
      2025                            Shareholder          Marga          pihak afiliasi        analisis transaksi,                    Afiliasi      Komisaris Perseroan, baik
      April 23,                       Loan (SHL)           Transjawa      Jasa Marga,           analisis kualitatif,                   Affiliate     secara sendiri-sendiri
      2025                            PT Trans Optima      Tol (JTT).     mengingat Jasa        analisis kuantitatif                   Transaction   maupun bersama-sama
                                      Luhur (TOL).      2. PT Trans       Marga memiliki        dan analisis                                         menyatakan bahwa:
                                      Granting of          Optima         pengendalian          kewajaran                                            1. Transaksi ini tidak
                                      Shareholder          Luhur (TOL).   langsung              transaksi, kami                                         mengandung
                                      Loan (SHL) by     1. PT Jasa        terhadap PT           berpendapat                                             benturan kepentingan
                                      PT Trans Optima      Marga          Jasamarga             bahwa Rencana                                           sebagaimana dimaksud
                                      Luhur (TOL).         Transjawa      Transjawa             Transaksi afiliasi                                      dalam Peraturan
                                                           Toll Road      Tol (JTT)             Jasa Marga                                              POJK 42/2020 dan
                                                           (JTT).         yang memiliki         melalui transaksi                                       bukan merupakan
                                                        2. PT Trans       pengendalian          pemberian                                               Transaksi Material
                                                           Optima         langsung              Pinjaman JTT,                                           sebagaimana dimaksud
                                                           Luhur (TOL).   terhadap TOL.         kepada PT TOL                                           dalam Peraturan POJK
                                                                          TOL is an affiliate   adalah wajar.                                           17/2020; dan
                                                                          of Jasa Marga,        Based on                                             2. Semua informasi
                                                                          given that Jasa       transaction                                             material telah
                                                                          Marga has direct      analysis, qualitative                                   diungkapkan dan
                                                                          control over          analysis,                                               informasi tersebut tidak
                                                                          PT Jasamarga          quantitative                                            menyesatkan.
                                                                          Transjawa Tol         analysis, and                                        The Board of
                                                                          (JTT), which has      transaction fairness                                 Directors and Board of
                                                                          direct control        analysis, we                                         Commissioners of the
                                                                          over TOL.             believe that Jasa                                    Company, individually and
                                                                                                Marga's Affiliate                                    collectively, declare that:
                                                                                                Transaction                                          1. This transaction does
                                                                                                Plan through the                                        not contain any conflict
                                                                                                provision of a loan                                     of interest as referred
                                                                                                from JTT, to PT                                         to in POJK Regulation
                                                                                                TOL is reasonable.                                      42/2020 and does not
                                                                                                                                                        constitute a Material
                                                                                                                                                        Transaction as referred
                                                                                                                                                        to in POJK Regulation
                                                                                                                                                        17/2020; and
                                                                                                                                                     2. All material information
                                                                                                                                                        has been disclosed and
                                                                                                                                                        such information is not
                                                                                                                                                        misleading.

3.    3 Juni      Rp300.000.000.000   Pemberian         1. PT Jasa        JMB merupakan         Berdasarkan             POJK 17/2020   Transaksi     Direksi dan Dewan
      2025                            Shareholder          Marga          pihak afiliasi        analisis transaksi,     POJK 35/2020   Afiliasi      Komisaris Perseroan, baik
      June 3,                         Loan (SHL)           (Persero)      Jasa Marga,           analisis kualitatif,    POJK 42/2020   Affiliate     secara sendiri-sendiri
      2025                            PT Jasamarga         Tbk.           mengingat Jasa        analisis kuantitatif                   Transaction   maupun bersama-sama
                                      Manado Bitung     2. PT             Marga memiliki        dan analisis                                         menyatakan bahwa:
                                      (JMB).               Jasamarga      pengendalian          kewajaran                                            1. Transaksi ini tidak
                                      Granting of          Manado         langsung              transaksi, kami                                         mengandung
                                      Shareholder          Bitung         terhadap JMB.         berpendapat                                             benturan kepentingan
                                      Loan (SHL) to        (JMB).         JMB is an affiliate   bahwa Rencana                                           sebagaimana dimaksud
                                      PT Jasamarga      1. PT Jasa        of Jasa Marga,        Transaksi afiliasi                                      dalam Peraturan
                                      Manado Bitung        Marga          given that Jasa       melalui transaksi                                       POJK 42/2020 dan
                                      (JMB).               (Persero)      Marga has direct      pemberian                                               bukan merupakan
                                                           Tbk.           control over JMB.     Pinjaman                                                Transaksi Material
                                                        2. PT                                   Pemegang Saham                                          sebagaimana dimaksud
                                                           Jasamarga                            kepada JMB adalah                                       dalam Peraturan POJK
                                                           Manado                               wajar.                                                  17/2020; dan
                                                           Bitung                               Based on                                             2. Semua informasi
                                                           (JMB).                               transaction                                             material telah
                                                                                                analysis, qualitative                                   diungkapkan dan
                                                                                                analysis,                                               informasi tersebut tidak
                                                                                                quantitative                                            menyesatkan.
                                                                                                analysis, and                                        The Board of
                                                                                                transaction                                          Directors and Board of
                                                                                                fairness analysis,                                   Commissioners of the
                                                                                                we believe that                                      Company, individually and
                                                                                                the Affiliate                                        collectively, declare that:
                                                                                                Transaction                                          1. This transaction does
                                                                                                Plan through the                                        not contain any conflict
                                                                                                Shareholder Loan                                        of interest as referred
                                                                                                transaction to JMB                                      to in POJK Regulation
                                                                                                is reasonable.                                          42/2020 and does not
                                                                                                                                                        constitute a Material
                                                                                                                                                        Transaction as referred
                                                                                                                                                        to in POJK Regulation
                                                                                                                                                        17/2020; and
                                                                                                                                                     2. All material information
                                                                                                                                                        has been disclosed and
                                                                                                                                                        such information is not
                                                                                                                                                        misleading.




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                                                 399
Page 400
01                                  02                              03                           04                                                   05
Ikhtisar Kinerja Utama              Laporan Manajemen               Profil Perusahaan             Analisa dan Pembahasan Manajemen                     Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report               Company Profile               Management Discussion and Analysis                   Business Support Functions




Tabel Daftar Informasi Transaksi Perseroan selama Tahun 2025 yang termasuk Informasi Material
Table of the Company’s Transaction Information in 2025 Classified as Material Information

                                                                           Sifat Hubungan
                                                                             Afiliasi atau
                                                                           Jenis Transaksi
                                                             Pihak yang                            Penjelasan            Pemenuhan         Jenis
                                                                            Material atau
                                             Objek           Melakukan                              Kewajaran             Ketentuan      Transaksi
                                                                             Jenis Fakta
       Tanggal           Nilai             Transaksi         Transaksi                              Transaksi              Terkait        Material              Keterangan
 No.                                                                           Material
        Date             Value            Transaction          Parties                            Explanation on          Fulfillment     Material              Description
                                                                               Nature of
                                             Object          Conducting                            Transaction            of Related    Transaction
                                                                                Affiliate
                                                            Transactions                             Fairness             Provisions       Types
                                                                            Relationship or
                                                                           Type of Material
                                                                                  Fact
 4.    25 Juni     Rp375.000.000.000    Pemberian          1. PT Jasa      JBS merupakan         Berdasarkan             POJK 17/2020   Transaksi        Direksi dan Dewan
       2025                             Shareholder           Marga        pihak afiliasi        analisis transaksi,     POJK 35/2020   Afiliasi         Komisaris Perseroan, baik
       June 25,                         Loan (SHL)            (Persero)    Jasa Marga,           analisis kualitatif,    POJK 42/2020   Affiliate        secara sendiri-sendiri
       2025                             PT Jasamarga          Tbk.         mengingat Jasa        analisis kuantitatif                   Transaction      maupun bersama-sama
                                        Balikpapan         2. PT           Marga memiliki        dan analisis                                            menyatakan bahwa:
                                        Samarinda (JBS).      Jasamarga    pengendalian          kewajaran                                               1. Transaksi ini tidak
                                        Granting of           Balikpapan   langsung              transaksi, kami                                            mengandung
                                        Shareholder           Samarinda    terhadap JBS.         berpendapat                                                benturan kepentingan
                                        Loan (SHL) to         (JBS).       JBS is an affiliate   bahwa Rencana                                              sebagaimana dimaksud
                                        PT Jasamarga       1. PT Jasa      of Jasa Marga,        Transaksi afiliasi                                         dalam Peraturan
                                        Balikpapan            Marga        given that Jasa       melalui transaksi                                          POJK 42/2020 dan
                                        Samarinda (JBS).      (Persero)    Marga has direct      pemberian                                                  bukan merupakan
                                                              Tbk.         control over JBS.     Pinjaman                                                   Transaksi Material
                                                           2. PT                                 Pemegang Saham                                             sebagaimana dimaksud
                                                              Jasamarga                          kepada JBS adalah                                          dalam Peraturan POJK
                                                              Balikpapan                         wajar.                                                     17/2020; dan
                                                              Samarinda                          Based on                                                2. Semua informasi
                                                              (JBS).                             transaction                                                material telah
                                                                                                 analysis, qualitative                                      diungkapkan dan
                                                                                                 analysis,                                                  informasi tersebut tidak
                                                                                                 quantitative                                               menyesatkan.
                                                                                                 analysis, and                                           The Board of
                                                                                                 transaction                                             Directors and Board of
                                                                                                 fairness analysis,                                      Commissioners of the
                                                                                                 we believe that                                         Company, individually and
                                                                                                 the Affiliate                                           collectively, declare that:
                                                                                                 Transaction                                             1. This transaction does
                                                                                                 Plan through                                               not contain any conflict
                                                                                                 the Shareholder                                            of interest as referred
                                                                                                 Loan to JBS is                                             to in POJK Regulation
                                                                                                 reasonable.                                                42/2020 and does not
                                                                                                                                                            constitute a Material
                                                                                                                                                            Transaction as referred
                                                                                                                                                            to in POJK Regulation
                                                                                                                                                            17/2020; and
                                                                                                                                                         2. All material information
                                                                                                                                                            has been disclosed and
                                                                                                                                                            such information is not
                                                                                                                                                            misleading.

 5.    25 Juni    Rp6.560.000.000.000   Pemberian          1. PT Jasa      JBS merupakan         Berdasarkan             POJK 17/2020   Transaksi        Direksi dan Dewan
       2025                             Shareholder           Marga        pihak afiliasi        analisis transaksi,     POJK 35/2020   Afiliasi         Komisaris Perseroan, baik
       June 25,                         Loan (SHL)            (Persero)    Jasa Marga,           analisis kualitatif,    POJK 42/2020   Affiliate        secara sendiri-sendiri
       2025                             PT Jasamarga          Tbk.         mengingat Jasa        analisis kuantitatif                   Transaction      maupun bersama-sama
                                        Balikpapan         2. PT           Marga memiliki        dan analisis                                            menyatakan bahwa:
                                        Samarinda (JBS).      Jasamarga    pengendalian          kewajaran                                               1. Transaksi ini tidak
                                        Granting of           Balikpapan   langsung.             transaksi, kami                                            mengandung
                                        Shareholder           Samarinda    terhadap JBS          berpendapat                                                benturan kepentingan
                                        Loan (SHL) to         (JBS).       JBS is an affiliate   bahwa Rencana                                              sebagaimana dimaksud
                                        PT Jasamarga       1. PT Jasa      of Jasa Marga,        Transaksi afiliasi                                         dalam Peraturan
                                        Balikpapan            Marga        given that Jasa       melalui transaksi                                          POJK 42/2020 dan
                                        Samarinda (JBS).      (Persero)    Marga has direct      pemberian                                                  bukan merupakan
                                                              Tbk.         control over JBS.     Pinjaman                                                   Transaksi Material
                                                           2. PT                                 Pemegang Saham                                             sebagaimana dimaksud
                                                              Jasamarga                          kepada JBS adalah                                          dalam Peraturan POJK
                                                              Balikpapan                         wajar.                                                     17/2020; dan
                                                              Samarinda                          Based on                                                2. Semua informasi
                                                              (JBS).                             transaction                                                material telah
                                                                                                 analysis, qualitative                                      diungkapkan dan
                                                                                                 analysis,                                                  informasi tersebut tidak
                                                                                                 quantitative                                               menyesatkan.
                                                                                                 analysis, and                                           The Board of
                                                                                                 transaction                                             Directors and Board of
                                                                                                 fairness analysis,                                      Commissioners of the
                                                                                                 we believe that                                         Company, individually and
                                                                                                 the Affiliate                                           collectively, declare that:
                                                                                                 Transaction                                             1. This transaction does
                                                                                                 Plan through                                               not contain any conflict
                                                                                                 the Shareholder                                            of interest as referred
                                                                                                 Loan to JBS is                                             to in POJK Regulation
                                                                                                 reasonable.                                                42/2020 and does not
                                                                                                                                                            constitute a Material
                                                                                                                                                            Transaction as referred
                                                                                                                                                            to in POJK Regulation
                                                                                                                                                            17/2020; and
                                                                                                                                                         2. All material information
                                                                                                                                                            has been disclosed and
                                                                                                                                                            such information is not
                                                                                                                                                            misleading.




400                                                                                              Laporan Tahunan 2025 Annual Report           PT Jasa Marga (Persero) Tbk
Page 401
06                                     07                                            08
Tata Kelola Perusahaan                 Tanggung Jawab Sosial Perusahaan              Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance              Corporate Social Responsibility               Reference of POJK, SEOJK, and ARA Criteria




Tabel Daftar Informasi Transaksi Perseroan selama Tahun 2025 yang termasuk Informasi Material
Table of the Company’s Transaction Information in 2025 Classified as Material Information

                                                                          Sifat Hubungan
                                                                            Afiliasi atau
                                                                          Jenis Transaksi
                                                           Pihak yang                             Penjelasan            Pemenuhan         Jenis
                                                                           Material atau
                                            Objek          Melakukan                               Kewajaran             Ketentuan      Transaksi
                                                                            Jenis Fakta
      Tanggal           Nilai             Transaksi        Transaksi                               Transaksi              Terkait        Material           Keterangan
No.                                                                           Material
       Date             Value            Transaction         Parties                             Explanation on          Fulfillment     Material           Description
                                                                              Nature of
                                            Object         Conducting                             Transaction            of Related    Transaction
                                                                               Affiliate
                                                          Transactions                              Fairness             Provisions       Types
                                                                           Relationship or
                                                                          Type of Material
                                                                                 Fact
6.    30 Juni    Rp1.900.000.000.000   Pemberian         1. PT Jasa       JMKT merupakan        Berdasarkan             POJK 17/2020   Transaksi     Direksi dan Dewan
      2025                             Shareholder          Marga         pihak afiliasi        analisis transaksi,     POJK 35/2020   Afiliasi      Komisaris Perseroan, baik
      June 30,                         Loan (SHL)           (Persero)     Jasa Marga,           analisis kualitatif,    POJK 42/2020   Affiliate     secara sendiri-sendiri
      2025                             PT Jasamarga         Tbk.          mengingat Jasa        analisis kuantitatif                   Transaction   maupun bersama-sama
                                       Kualanamu Tol     2. PT            Marga memiliki        dan analisis                                         menyatakan bahwa:
                                       (JMKT).              Jasamarga     pengendalian          kewajaran                                            1. Transaksi ini tidak
                                       Granting of          Kualanamu     langsung              transaksi, kami                                         mengandung
                                       Shareholder          Tol (JMKT).   terhadap JMKT.        berpendapat                                             benturan kepentingan
                                       Loan (SHL) to     1. PT Jasa       JMKT is an            bahwa Rencana                                           sebagaimana dimaksud
                                       PT Jasamarga         Marga         affiliate of Jasa     Transaksi afiliasi                                      dalam Peraturan
                                       Kualanamu Tol        (Persero)     Marga, given that     melalui transaksi                                       POJK 42/2020 dan
                                       (JMKT).              Tbk.          Jasa Marga has        pemberian                                               bukan merupakan
                                                         2. PT            direct control        Pinjaman                                                Transaksi Material
                                                            Jasamarga     over JMKT.            Pemegang Saham                                          sebagaimana dimaksud
                                                            Kualanamu                           kepada JMKT                                             dalam Peraturan POJK
                                                            Tol (JMKT).                         adalah wajar.                                           17/2020; dan
                                                                                                Based on                                             2. Semua informasi
                                                                                                transaction                                             material telah
                                                                                                analysis, qualitative                                   diungkapkan dan
                                                                                                analysis,                                               informasi tersebut tidak
                                                                                                quantitative                                            menyesatkan.
                                                                                                analysis, and                                        The Board of
                                                                                                transaction                                          Directors and Board of
                                                                                                fairness analysis,                                   Commissioners of the
                                                                                                we believe that                                      Company, individually and
                                                                                                the Affiliate                                        collectively, declare that:
                                                                                                Transaction                                          1. This transaction does
                                                                                                Plan through                                            not contain any conflict
                                                                                                the Shareholder                                         of interest as referred
                                                                                                Loan transaction                                        to in POJK Regulation
                                                                                                to JMKT is                                              42/2020 and does not
                                                                                                reasonable.                                             constitute a Material
                                                                                                                                                        Transaction as referred
                                                                                                                                                        to in POJK Regulation
                                                                                                                                                        17/2020; and
                                                                                                                                                     2. All material information
                                                                                                                                                        has been disclosed and
                                                                                                                                                        such information is not
                                                                                                                                                        misleading.

7.    30 Juni    Rp355.000.000.000     Pemberian         1. PT Jasa       JJC merupakan         Berdasarkan             POJK 17/2020   Transaksi     Direksi dan Dewan
      2025                             Shareholder          Marga         pihak afiliasi        analisis transaksi,     POJK 35/2020   Afiliasi      Komisaris Perseroan, baik
      June 30,                         Loan (SHL)           Transjawa     Jasa Marga,           analisis kualitatif,    POJK 42/2020   Affiliate     secara sendiri-sendiri
      2025                             PT Jasamarga         Tol (JTT).    mengingat Jasa        analisis kuantitatif                   Transaction   maupun bersama-sama
                                       Jalanlayang       2. PT            Marga memiliki        dan analisis                                         menyatakan bahwa:
                                       Cikampek (JJC).      Jasamarga     pengendalian          kewajaran                                            1. Transaksi ini tidak
                                       Granting of          Jalanlayang   langsung              transaksi, kami                                         mengandung
                                       Shareholder          Cikampek      terhadap PT           berpendapat                                             benturan kepentingan
                                       Loan (SHL) to        (JJC).        Jasamarga             bahwa Rencana                                           sebagaimana dimaksud
                                       PT Jasamarga      1. PT Jasa       Transjawa             Transaksi afiliasi                                      dalam Peraturan
                                       Jalanlayang          Marga         Tol (JTT)             Jasa Marga                                              POJK 42/2020 dan
                                       Cikampek (JJC).      Transjawa     yang memiliki         melalui transaksi                                       bukan merupakan
                                                            Toll Road     pengendalian          pemberian                                               Transaksi Material
                                                            (JTT).        langsung              Pinjaman JTT,                                           sebagaimana dimaksud
                                                         2. PT            terhadap JJC.         kepada PT JJC                                           dalam Peraturan POJK
                                                            Jasamarga     JJC is an affiliate   adalah wajar.                                           17/2020; dan
                                                            Cikampek      of Jasa Marga,        Based on                                             2. Semua informasi
                                                            Elevated      given that Jasa       transaction                                             material telah
                                                            Road (JJC).   Marga has direct      analysis, qualitative                                   diungkapkan dan
                                                                          control over          analysis,                                               informasi tersebut tidak
                                                                          PT Jasamarga          quantitative                                            menyesatkan.
                                                                          Transjawa Tol         analysis, and                                        The Board of
                                                                          (JTT), which in       transaction fairness                                 Directors and Board of
                                                                          turn has direct       analysis, we                                         Commissioners of the
                                                                          control over JJC.     believe that Jasa                                    Company, individually and
                                                                                                Marga's Affiliate                                    collectively, declare that:
                                                                                                Transaction                                          1. This transaction does
                                                                                                Plan through the                                        not contain any conflict
                                                                                                provision of a loan                                     of interest as referred
                                                                                                from JTT, to PT                                         to in POJK Regulation
                                                                                                JJC is reasonable.                                      42/2020 and does not
                                                                                                                                                        constitute a Material
                                                                                                                                                        Transaction as referred
                                                                                                                                                        to in POJK Regulation
                                                                                                                                                        17/2020; and
                                                                                                                                                     2. All material information
                                                                                                                                                        has been disclosed and
                                                                                                                                                        such information is not
                                                                                                                                                        misleading.




PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                                                401
Page 402
01                                 02                              03                            04                                                    05
Ikhtisar Kinerja Utama             Laporan Manajemen               Profil Perusahaan              Analisa dan Pembahasan Manajemen                      Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report               Company Profile                Management Discussion and Analysis                    Business Support Functions




Tabel Daftar Informasi Transaksi Perseroan selama Tahun 2025 yang termasuk Informasi Material
Table of the Company’s Transaction Information in 2025 Classified as Material Information

                                                                          Sifat Hubungan
                                                                            Afiliasi atau
                                                                          Jenis Transaksi
                                                            Pihak yang                             Penjelasan            Pemenuhan          Jenis
                                                                           Material atau
                                            Objek           Melakukan                               Kewajaran             Ketentuan       Transaksi
                                                                            Jenis Fakta
       Tanggal          Nilai             Transaksi         Transaksi                               Transaksi              Terkait         Material             Keterangan
 No.                                                                          Material
        Date            Value            Transaction          Parties                             Explanation on          Fulfillment      Material             Description
                                                                              Nature of
                                            Object          Conducting                             Transaction            of Related     Transaction
                                                                               Affiliate
                                                           Transactions                              Fairness             Provisions        Types
                                                                           Relationship or
                                                                          Type of Material
                                                                                 Fact
 8.    30 Juni     Rp116.494.229.213   Pemberian          1. PT Jasa      PSBI merupakan         Berdasarkan             POJK 17/2020    Transaksi        Direksi dan Dewan
       2025                            Shareholder           Marga        pihak afiliasi Jasa    analisis transaksi,     POJK 35/2020    Afiliasi         Komisaris Perseroan, baik
       June 30,                        Loan (SHL)            (Persero)    Marga, mengingat       analisis kualitatif,    POJK 42/2020    Affiliate        secara sendiri-sendiri
       2025                            PT Pilar Sinergi      Tbk.         Jasa Marga             analisis kuantitatif                    Transaction      maupun bersama-sama
                                       BUMN Indonesia     2. PT Pilar     merupakan salah        dan analisis                                             menyatakan bahwa:
                                       (PSBI).               Sinergi      satu pemegang          kewajaran                                                1.    Transaksi ini tidak
                                       Pemberian             BUMN         saham dari PSBI.       transaksi, kami                                                mengandung
                                       Shareholder           Indonesia    PSBI is an affiliate   berpendapat                                                    benturan
                                       Loan (SHL)            (PSBI).      of Jasa Marga,         bahwa Rencana                                                  kepentingan
                                       PT Pilar Sinergi   1. PT Jasa      considering            Transaksi afiliasi                                             sebagaimana
                                       BUMN Indonesia        Marga        that Jasa Marga        melalui transaksi                                              dimaksud dalam
                                       (PSBI)                (Persero)    is one of the          pemberian                                                      Peraturan POJK
                                                             Tbk.         shareholders of        Pinjaman                                                       42/2020 dan
                                                          2. PT Pilar     PSBI.                  Pemegang Saham                                                 bukan merupakan
                                                             Sinergi                             kepada PSBI                                                    Transaksi Material
                                                             BUMN                                adalah wajar.                                                  sebagaimana
                                                             Indonesia                           Based on                                                       dimaksud dalam
                                                             (PSBI).                             transaction                                                    Peraturan POJK
                                                                                                 analysis, qualitative                                          17/2020; dan
                                                                                                 analysis,                                                2.    Semua informasi
                                                                                                 quantitative                                                   material telah
                                                                                                 analysis, and                                                  diungkapkan dan
                                                                                                 transaction                                                    informasi tersebut
                                                                                                 fairness analysis,                                             tidak menyesatkan.
                                                                                                 we believe that                                          The Board of
                                                                                                 the Affiliate                                            Directors and Board of
                                                                                                 Transaction                                              Commissioners of the
                                                                                                 Plan through the                                         Company, individually and
                                                                                                 Shareholder Loan                                         collectively, declare that:
                                                                                                 transaction to PSBI                                      1.    This transaction
                                                                                                 is reasonable.                                                 does not contain any
                                                                                                                                                                conflict of interest
                                                                                                                                                                as referred to in
                                                                                                                                                                POJK Regulation
                                                                                                                                                                42/2020 and does
                                                                                                                                                                not constitute a
                                                                                                                                                                Material Transaction
                                                                                                                                                                as referred to in
                                                                                                                                                                POJK Regulation
                                                                                                                                                                17/2020; and
                                                                                                                                                          2.    All material
                                                                                                                                                                information has been
                                                                                                                                                                disclosed and such
                                                                                                                                                                information is not
                                                                                                                                                                misleading.

 9.    23 Juli                         Perubahan          1. PT Jasa      Perubahan              Dilakukan adendum       Pasal 2         Fakta            Perubahan Pengendalian
       2025                            Pengendalian          Marga        Pengendalian           terhadap ketentuan      POJK No. 31/    Material         dilakukan melalui
       July 23,                        PT Jasamarga          (Persero)    PT Jasamarga           pengendalian            POJK.04/2015    Material         perubahan Perjanjian
       2025                            Jogja Solo            Tbk.         Jogja Solo (JMJ).      dalam Perjanjian        Pasal 52 POJK   Facts            Pemegang Saham,
                                       (JMJ).             2. PT           Change in Control      Pemegang Saham          No. 45 Tahun                     sehingga tidak ada nilai
                                       Change in             Jasamarga    of PT Jasamarga        JMJ dari yang           2024                             transaksi yang timbul.
                                       Control of PT         Jogja Solo   Jogja Solo (JMJ).      bersifat joint          Article 2 of                     The change in control
                                       Jasamarga Jogja       (JMJ).                              control antara          POJK No. 31/                     was effected through
                                       Solo (JMJ).        1. PT Jasa                             Jasa Marga              POJK.04/2015                     an amendment to the
                                                             Marga                               sebagai pemegang        Article 52 of                    Shareholders' Agreement,
                                                             (Persero)                           saham dengan            POJK No. 45                      so no transaction value
                                                             Tbk.                                porsi 52,82%            of 2024                          arose.
                                                          2. PT                                  dan PT Adhi
                                                             Jasamarga                           Karya (Persero)
                                                             Jogja Solo                          Tbk dengan
                                                             (JMJ).                              porsi saham
                                                                                                 47,18%, menjadi
                                                                                                 pengendalian
                                                                                                 tunggal pada Jasa
                                                                                                 Marga.
                                                                                                 An addendum was
                                                                                                 made to the control
                                                                                                 provisions in the
                                                                                                 JMJ Shareholders
                                                                                                 Agreement from
                                                                                                 joint control
                                                                                                 between Jasa
                                                                                                 Marga as a
                                                                                                 shareholder with
                                                                                                 a 52.82% stake
                                                                                                 and PT Adhi Karya
                                                                                                 (Persero) Tbk with
                                                                                                 a 47.18% stake,
                                                                                                 to sole control by
                                                                                                 Jasa Marga.




402                                                                                              Laporan Tahunan 2025 Annual Report            PT Jasa Marga (Persero) Tbk
Page 403
06                               07                                    08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




Informasi Transaksi dengan Pihak Berelasi
atau Benturan Kepentingan
Information on Transactions with Related Parties or Conflicts
of Interest

Transaksi Pihak Berelasi                                                 Transactions with Related Parties
Kelompok Usaha melakukan transaksi dengan pihak-                         The Business Group conducts transactions with related
pihak berelasi sebagaimana didefinisikan dalam PSAK 224                  parties as defined in PSAK 224 “Disclosure of Related
“Pengungkapan Pihak-pihak Berelasi” yang merupakan                       Parties,” which is an update of PSAK 7 (Revised 2010).
pembaruan dari PSAK 7 (Revisi 2010).


Nama Pihak dan Sifat Hubungan Berelasi                                   Names and Nature of Related Parties
Pihak-pihak berelasi adalah perusahaan dan perorangan                    Related parties are companies and individuals who have
yang mempunyai keterkaitan kepemilikan atau kepengurusan                 direct or indirect ownership or management links with the
secara langsung maupun tidak langsung dengan Perseroan.                  Company. The table below shows details of the Company’s
Tabel di bawah menunjukkan rincian pihak-pihak berelasi                  related parties and the nature of the transactions.
dengan Perseroan beserta sifat dari transaksi tersebut.

Tabel Transaksi dan Sifat Hubungan Berelasi
Table of Transactions and Nature of Related Parties


               Pihak Berelasi                                Hubungan                                       Jenis Transaksi
               Related Parties                          Nature of Relationship                           Nature of Transactions
                                                  Dikendalikan oleh Pemerintah Pusat      Hak Konsesi atas Ruang Tol, Utang Bantuan
 Pemerintah Republik Indonesia, Kementerian
                                                  Republik Indonesia                      Pemerintah, Dana Talangan Pembebasan Tanah dan
 Keuangan, Kementerian Pekerjaan Umum
                                                  Controlled by Central Government of     Perpajakan
 dan Perumahan Rakyat
                                                  the Republic of Indonesia               Concession Rights on Toll Space, Government
 Government of the Republic of Indonesia,
                                                                                          Assistance Debt, Land Acquisition and Taxation
 Ministry of Finance, Ministry of Public Works
                                                                                          Bailout funds

                                                  Dikendalikan oleh Pemerintah Pusat      Kontraktor dalam Pembangunan dan Preservasi
                                                  Republik Indonesia                      Aset Tetap dan Jalan Tol
 PT Adhi Karya (Persero) Tbk
                                                  Controlled by Central Government of     Contractor in Construction and Preservation of
                                                  the Republic of Indonesia               Fixed Assets and Toll Roads

                                                  Dikendalikan oleh Pemerintah Pusat      Beban Asuransi Jiwa Pensiunan Karyawan
                                                  Republik Indonesia                      Retired Employee Life Insurance Expenses
 Dana Pensiun Lembaga Keuangan Jiwasraya
                                                  Controlled by Central Government of
                                                  the Republic of Indonesia

                                                  Dikendalikan oleh Pemerintah Pusat      Penempatan Giro, Deposito Berjangka, Investasi
                                                  Republik Indonesia                      Jangka Pendek, Dana yang Dibatasi Penggunaannya,
                                                  Controlled by Central Government of     Fasilitas Kredit Modal Kerja, Fasilitas Kredit Sindikasi,
                                                  the Republic of Indonesia               Biaya Keuangan, Piutang Lain-lain dan Pendapatan
 PT Bank Mandiri (Persero) Tbk                                                            Bunga
                                                                                          Placement of Current Accounts, Time Deposits,
                                                                                          Short-term Investments, Restricted Funds, Working
                                                                                          Capital Credit Facilities, Syndicated Credit Facilities,
                                                                                          Finance Fees, Other Receivables and Interest Income

                                                  Dikendalikan oleh Pemerintah Pusat      Penempatan Giro, Deposito Berjangka, Fasilitas
                                                  Republik Indonesia                      Kredit Investasi, Fasilitas Kredit Sindikasi,
                                                  Controlled by Central Government of     Bank untuk Pengumpulan Tol, Biaya Keuangan
                                                  the Republic of Indonesia               Pendapatan Bunga dan Dana Dibatasi
                                                                                          Penggunaannya
 PT Bank Negara Indonesia (Persero) Tbk
                                                                                          Dana Dibatasi Penggunaannya Placement of
                                                                                          Current Accounts, Time Deposits, Investment Credit
                                                                                          Facilities, Syndicated Credit Facilities, Banks for
                                                                                          Toll Collection, Finance Fees Interest Income and
                                                                                          Restricted Funds




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                          403
Page 404
01                            02                         03                      04                                        05
Ikhtisar Kinerja Utama        Laporan Manajemen          Profil Perusahaan        Analisa dan Pembahasan Manajemen          Fungsi Penunjang Bisnis
Main Performace Highlights    Management Report          Company Profile          Management Discussion and Analysis        Business Support Functions




Tabel Transaksi dan Sifat Hubungan Berelasi
Table of Transactions and Nature of Related Parties


                 Pihak Berelasi                             Hubungan                                        Jenis Transaksi
                 Related Parties                       Nature of Relationship                            Nature of Transactions
                                                  Dikendalikan oleh Pemerintah Pusat      Penempatan Giro, Deposito Berjangka, Fasilitas
                                                  Republik Indonesia                      Kredit Investasi, Fasilitas Kredit Sindikasi, Bank
                                                  Controlled by Central Government of     untuk Pengumpulan Tol, Biaya Keuangan, Piutang
                                                  the Republic of Indonesia               Lain-lain dan Pendapatan Bunga
 PT Bank Rakyat Indonesia (Persero) Tbk
                                                                                          Placement of Current Accounts, Time Deposits,
                                                                                          Investment Credit Facilities, Syndicated Credit
                                                                                          Facilities, Toll Collection Banks, Finance Fees, Other
                                                                                          Receivables and Interest Income

                                                  Dikendalikan oleh Pemerintah Pusat      Penempatan Giro, Deposito Berjangka, Fasilitas
                                                  Republik Indonesia                      Kredit Investasi, Fasilitas Kredit Sindikasi, Biaya
                                                  Controlled by Central Government of     Keuangan dan Pendapatan Bunga
 PT Bank Tabungan Negara (Persero) Tbk
                                                  the Republic of Indonesia               Placement of Current Accounts, Time Deposits,
                                                                                          Investment Credit Facilities, Syndicated Credit
                                                                                          Facilities, Finance Fees and Interest Income

                                                  Dikendalikan oleh Pemerintah Pusat      Pinjaman kepada Lembaga Keuangan Bukan Bank,
                                                  Republik Indonesia                      Pinjaman Fasilitas Kredit Sindikasi
 PT Sarana Multi Infrastruktur (Persero)
                                                  Controlled by Central Government of     Loans to Non-Bank Financial Institutions, Pinjaman
                                                  the Republic of Indonesia               Fasilitas Kredit Sindikasi

                                                  Dikendalikan oleh Pemerintah Pusat      Pinjaman Fasilitas Kredit Sindikasi
                                                  Republik Indonesia                      Syndicated Credit Facility Loans
 Lembaga Pembiayaan Ekspor Impor
                                                  Controlled by Central Government of
                                                  the Republic of Indonesia

                                                  Dikendalikan oleh Pemerintah Pusat      Kontraktor dalam Pembangunan dan Preservasi
                                                  Republik Indonesia                      Aset Tetap dan Jalan Tol dan Piutang Lain-lain
 PT Hutama Karya (Persero)
                                                  Controlled by Central Government of     Contractor in Construction and Preservation of
                                                  the Republic of Indonesia               Fixed Assets and Toll Roads and Other Receivables

                                                  Dikendalikan oleh Pemerintah Pusat      Kontraktor dalam Pembangunan dan Preservasi
                                                  Republik Indonesia                      Aset Tetap dan Jalan Dana Talangan Tanah
 PT Pembangunan Perumahan (Persero) Tbk
                                                  Controlled by Central Government of     Contractors in Construction and Preservation of
                                                  the Republic of Indonesia               Fixed Assets and Roads Land Bailout Fund

                                                  Dikendalikan oleh Pemerintah Pusat      Kontraktor dalam Pembangunan dan Preservasi
                                                  Republik Indonesia                      Aset Tetap dan Jalan Dana Talangan Tanah
 PT Waskita Karya (Persero) Tbk
                                                  Controlled by Central Government of     Contractors in Construction and Preservation of
                                                  the Republic of Indonesia               Fixed Assets and Roads Land Bailout Fund

                                                  Dikendalikan oleh Pemerintah Pusat      Kontraktor dalam Pembangunan dan Preservasi
                                                  Republik Indonesia                      Aset Tetap dan Jalan Dana Talangan Tanah dan
                                                  Controlled by Central Government of     Piutang Lain-lain
 PT Wijaya Karya (Persero) Tbk
                                                  the Republic of Indonesia               Contractors in Construction and Preservation of
                                                                                          Fixed Assets and Roads Bailout Fund for Land and
                                                                                          Other Receivables

                                                  Dikendalikan oleh Pemerintah Pusat      Konsultan dalam Pembangunan dan Preservasi Aset
                                                  Republik Indonesia                      Tetap dan Jalan Tol
 PT Virama Karya (Persero)
                                                  Controlled by Central Government of     Consultant in Construction and Preservation of
                                                  the Republic of Indonesia               Fixed Assets and Toll Roads

                                                  Entitas yang Berelasi dengan            Penempatan Giro, Deposito Berjangka,
                                                  Pemerintah                              Investasi Jangka Pendek, Dana yang Dibatasi
                                                  Government-Related Entities             Penggunaannya, Fasilitas Kredit Modal Kerja,
                                                                                          Fasilitas Kredit Sindikasi, Biaya Keuangan dan
 PT Bank Syariah Indonesia Tbk                                                            Pendapatan Bunga
                                                                                          Placement of Current Accounts, Time Deposits,
                                                                                          Short Term Investments, Restricted Funds, Working
                                                                                          Capital Credit Facility, Syndicated Loans Facility,
                                                                                          Finance Charges and Interest Income




404                                                                              Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 405
06                               07                                    08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




Tabel Transaksi dan Sifat Hubungan Berelasi
Table of Transactions and Nature of Related Parties


               Pihak Berelasi                                Hubungan                                       Jenis Transaksi
               Related Parties                          Nature of Relationship                           Nature of Transactions
                                                  Dikendalikan oleh Pemerintah Pusat      Beban Akrual
                                                  Republik Indonesia                      Accrued Expenses
 PT Agrinas Pangan Nusantara (Persero)
                                                  Controlled by Central Government of
                                                  the Republic of Indonesia

                                                  Dikendalikan oleh Pemerintah Pusat      Piutang Lain-lain
                                                  Republik Indonesia                      Other Receivables
 PT Pertamina Retail
                                                  Controlled by Central Government of
                                                  the Republic of Indonesia

                                                  Entitas yang Berelasi dengan            Piutang Lain-lain
 PT Cibitung Tanjung Priok Port Tollways          Pemerintah                              Other Receivables
                                                  Government-Related Entities

                                                  Entitas yang Berelasi dengan            Piutang Lain-lain
 PT Waskita Sriwijaya Tol                         Pemerintah                              Other Receivables
                                                  Government-Related Entities

                                                  Entitas yang Berelasi dengan            Piutang Lain-lain
 PT Waskita Bumi Wira                             Pemerintah                              Other Receivables
                                                  Government-Related Entities

                                                  Entitas yang Berelasi dengan            Piutang Lain-lain
 PT Cimanggis Cibitung Tollways                   Pemerintah                              Other Receivables
                                                  Government-Related Entities

                                                  Entitas yang Berelasi dengan            Piutang Lain-lain
 PT PP Semarang Demak                             Pemerintah                              Other Receivables
                                                  Government-Related Entities

                                                  Entitas yang Berelasi dengan            Piutang Lain-lain
 PT Jasamarga Jalanlayang Cikampek                Pemerintah                              Other Receivables
                                                  Government-Related Entities

                                                  Entitas yang Berelasi dengan            Piutang Lain-lain
 PT Trans Jabar Tol                               Pemerintah                              Other Receivables
                                                  Government-Related Entities

                                                  Entitas Asosiasi                        Piutang Lain-lain
 PT Marga Lingkar Jakarta
                                                  Associate Entities                      Other Receivables

                                                  Entitas Asosiasi                        Piutang Lain-lain
 PT Trans Marga Jateng
                                                  Associate Entities                      Other Receivables

                                                  Entitas Asosiasi                        Piutang Lain-lain
 PT Jasamarga Pandaan Malang
                                                  Associate Entities                      Other Receivables

                                                  Entitas yang Berelasi dengan            Piutang Lain-lain
 PT Waskita Beton Precast Tbk                     Pemerintah                              Other Receivables
                                                  Government-Related Entities

                                                  Pengendalian Manajemen Kunci            Piutang Lain-lain
 Induk Koperasi Karyawan Jasa Marga
                                                  Key Management System                   Other Receivables

                                                  Dikendalikan oleh Pemerintah Pusat      Utang Usaha
                                                  Republik Indonesia                      Accounts Payable
 PT Pertamina Marine Solution
                                                  Controlled by Central Government of
                                                  the Republic of Indonesia




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                  405
Page 406
01                                 02                   03                      04                                             05
Ikhtisar Kinerja Utama             Laporan Manajemen    Profil Perusahaan        Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report    Company Profile          Management Discussion and Analysis             Business Support Functions




Realisasi Transaksi                                                        Transaction Realization
Dalam kegiatan usahanya, Perseroan melakukan transaksi                     In its business activities, the Company conducts transactions
dengan pihak-pihak berelasi yang dilakukan dengan                          with related parties under normal terms and conditions.
syarat-syarat dan kondisi normal. Transaksi ini termasuk                   These transactions include payments by the Company for
pembayaran oleh Perseroan atas beban-beban pihak-pihak                     the expenses of related parties or vice versa.
berelasi atau sebaliknya.

Saldo transaksi dengan pihak berelasi pada tanggal 31                      The balance of transactions with related parties on
Desember 2025 dan 31 Desember 2024 adalah sebagai                          December 31, 2025, and December 31, 2024, is as follows:
berikut:

Tabel Realisasi Transaksi Pihak Berelasi                                                                                           (dalam jutaan Rupiah)
Table of Transaction Realization with Related Parties                                                                                  (in million Rupiah)



                                                                                                          Pertumbuhan (Penurunan)
                        Uraian                             2025                                                Growth (Decline)
                                                                                   2024
                      Description
                                                                                                             Rp                           %
                             (1)                             (2)                     (3)               (4) = (2)-(3)               (5) = (4)/(3)
 Aset
 Assets

 Kas dan Setara Kas
                                                               5.356.974              4.323.250                1.033.724                         23,91
 Cash and Cash Equivalents

 Piutang Lain-Lain Lancar
                                                                   542.175                 350.154                   192.021                     54,84
 Other Current Receivables

 Piutang Lain-Lain Tidak lancar
                                                                   341.071                 312.946                    28.125                       8,99
 Other Non-current Receivables

 Dana Dibatasi Penggunaannya
                                                                   751.322              555.446                      195.876                     35,26
 Restricted Funds

 Liabilitas
 Liabilities

 Beban Akrual
                                                               4.886.503              4.347.553                   538.950                        12,40
 Accrued Expenses

     Utang Bank Jangka Pendek
                                                                           -                     -                         -                           -
     Short Term Bank Loans

     Utang Bank Jangka Panjang - Bagian Jangka
     Pendek                                                    3.052.004              2.642.602                  409.402                         15,49
     Long Term Bank Loans – Current Maturities

     Utang Bank Jangka Panjang - Bagian Jangka
     Panjang                                                  41.675.888             36.754.564                4.921.324                         13,39
     Long Term Bank Loans – Long Term Portion

 Total Utang Bank
                                                             44.727.892              39.397.166               5.330.726                          13,53
 Total Bank Loans

     Utang Lembaga Keuangan Bukan Bank
     Jangka Pendek
                                                                           -                     -                         -                           -
     Non-Bank Financial Institution Short Term
     Loan

     Utang Lembaga Keuangan Bukan Bank
     Jangka Panjang Bagian Jangka Pendek
                                                                           -                     -                         -                           -
     Non-Bank Financial Institution Long – Current
     Maturities

     Utang Lembaga Keuangan Bukan Bank
     Jangka Panjang
                                                                           -            272.000                (272.000)                       -100,00
     Non-Bank Financial Institution Long Term
     Loan




406                                                                            Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 407
06                                   07                                        08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Tabel Realisasi Transaksi Pihak Berelasi                                                                                                (dalam jutaan Rupiah)
Table of Transaction Realization with Related Parties                                                                                       (in million Rupiah)



                                                                                                                    Pertumbuhan (Penurunan)
                      Uraian                                      2025                                                   Growth (Decline)
                                                                                           2024
                    Description
                                                                                                                       Rp                      %
                            (1)                                     (2)                      (3)                (4) = (2)-(3)           (5) = (4)/(3)
 Total Utang Lembaga Keuangan Bukan Bank
                                                                                -                272.000                (272.000)                  -100,00
 Total Non-Bank Financial Institution Loan

 Utang Usaha
                                                                            2.831                    5.748                    (2.917)                -50,75
 Accounts Payable

 Utang Kontraktor Jangka Pendek
                                                                          94.068                   100.733                    (6.665)                 -6,62
 Short Term Contractors Payable

 Utang Kontraktor Jangka Panjang
                                                                          551.544                  785.561                  (234.017)                -29,79
 Long Term Contractor Payable

 Liabilitas Pembebasan Tanah Jangka Panjang –
 Bagian Jangka Pendek
                                                                                -                         -                         -                       -
 Long-Term Land Acquisition Liabilities – Current
 Maturities

 Liabilitas Pembebasan Tanah Jangka Panjang –
 Bagian Jangka Panjang
                                                                          108.292                  109.008                      (716)                 -0,66
 Long-Term Land Acquisition Liabilities – Long-
 term Portion

 Liabilitas Keuangan Jangka Pendek Lainnya
                                                                          48.480                   52.923                    (4.443)                  -8,40
 Other Current Financial Liabilities




Kewajaran dan Alasan Dilakukan Transaksi                                         Fairness and Reasons for Transactions
Hingga Desember 2025, seluruh transaksi yang dilakukan                           Until December 2025, all transactions conducted by
Perseroan telah dilaksanakan secara wajar (armʼs length) dan                     the Company have been carried out at arm’s length
sesuai dengan persyaratan komersial yang berlaku umum.                           and in accordance with generally accepted commercial
Transaksi dengan pihak terkait maupun yang berpotensi                            requirements. Transactions with related parties or those that
menimbulkan benturan kepentingan dilaksanakan secara                             have the potential to cause conflicts of interest are carried
wajar, sesuai dengan ketentuan peraturan perundang-                              out at arm’s length, in accordance with the provisions of laws
undangan, serta didasarkan pada kebutuhan bisnis                                 and regulations, and are based on the Company’s business
Perseroan tanpa adanya konflik kepentingan.                                      needs without any conflicts of interest.

Jasa Marga melakukan transaksi dengan pihak-pihak                                Jasa Marga conducts transactions with related parties as
berelasi sebagaimana diatur dalam PSAK 224 tentang                               stipulated in PSAK 224 on Disclosure of Related Parties.
Pengungkapan Pihak-Pihak Berelasi. Seluruh transaksi dan                         All transactions and material balances with related parties
saldo material dengan pihak berelasi telah diungkapkan                           have been fully disclosed in the notes to the Company’s
secara lengkap dalam catatan atas laporan keuangan                               consolidated financial statements.
konsolidasian Perseroan.


Pemenuhan Peraturan dan Ketentuan                                                Compliance with Relevant Regulations
Terkait                                                                          and Provisions
Transaksi dengan pihak afiliasi yang dilakukan Perseroan                         Transactions with affiliates conducted by the Company are
telah sesuai dengan Peraturan Bapepam dan LK No. KEP-                            in accordance with Bapepam and LK Regulation No. KEP-
347/BL/2012 tanggal 25 Juni 2012 tentang “Penyajian dan                          347/BL/2012, dated June 25, 2012, on the “Presentation
Pengungkapan Laporan Keuangan Emiten atau Perusahaan                             and Disclosure of Financial Statements of Issuers or Public
Publik”, yang didefinisikan antara lain:                                         Companies,” which defines, among other things:
1. Pihak-pihak berelasi adalah orang atau entitas yang                           1. Related parties are persons or entities related to the
    terkait dengan Grup (entitas pelapor):                                           Group (reporting entity):
    a. Orang atau anggota keluarga terdekat mempunyai                                a. A person or immediate family member has a
        relasi dengan entitas pelapor jika orang tersebut;                              relationship with the reporting entity if that person:
    b. Memiliki pengendalian atau pengendalian bersama                               b. Has control or joint control over the reporting entity;
        entitas pelapor;




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Main Performace Highlights   Management Report    Company Profile          Management Discussion and Analysis       Business Support Functions




   c. Memiliki pengaruh signifikan atas entitas pelapor;                c. Has significant influence over the reporting entity; or
      atau
   d. Merupakan personil manajemen kunci entitas                        d. Is a key management personnel of the reporting
      pelapor atau entitas induk dari entitas pelapor.                      entity or the parent entity of the reporting entity.
2. Suatu entitas berelasi dengan entitas pelapor jika                2. An entity is related to the reporting entity if it meets one
   memenuhi salah satu hal berikut:                                     of the following conditions:
   a. Entitas dan entitas pelapor adalah anggota dari                   a. The entity and the reporting entity are members
      kelompok usaha yang sama (artinya entitas induk,                      of the same business group (the parent entity,
      entitas anak, dan entitas anak berikutnya terkait                     subsidiary entity, and subsequent subsidiary entity
      dengan entitas lain);                                                 are related to other entities);
   b. Satu entitas adalah entitas asosiasi atau ventura                 b. One entity is an associate or joint venture of another
      bersama dari entitas lain (atau entitas asosiasi atau                 entity (or an associate or joint venture that is a
      ventura bersama yang merupakan anggota suatu                          member of a business group, of which the other
      kelompok usaha, yang mana entitas lain tersebut                       entity is a member);
      adalah anggotanya);
   c. Kedua entitas tersebut adalah ventura bersama dari                c. Both entities are joint ventures of the same third
      pihak ketiga yang sama;                                              party;
   d. Satu entitas adalah ventura bersama dari entitas                  d. One entity is a joint venture of a third entity and the
      ketiga dan entitas yang lain adalah entitas asosiasi                 other entity is an associate of the third entity;
      dari entitas ketiga;
   e. Entitas tersebut adalah suatu program imbalan pasca               e. The entity is a post-employment benefit plan for
      kerja untuk imbalan kerja dari salah satu entitas                    employment benefits from one of the reporting
      pelapor atau entitas yang terkait dengan entitas                     entities or entities related to the reporting entity. If
      pelapor. Jika entitas pelapor adalah entitas yang                    the reporting entity is the entity that administers the
      menyelenggarakan program tersebut, maka entitas                      plan, then the sponsoring entity is also related to the
      sponsor juga berelasi dengan entitas pelapor;                        reporting entity;
   f. Entitas yang dikendalikan atau dikendalikan bersama               f. An entity controlled or jointly controlled by the
      oleh orang yang diidentifikasi dalam angka (1);                      persons identified in (1);
   g. Orang yang diidentifikasi dalam angka (1) (2)                     g. The persons identified in (1) and (2) have significant
      memiliki pengaruh signifikan atas entitas atau                       influence over the entity or key management
      personil manajemen kunci entitas (atau entitas induk                 personnel of the entity (or the parent entity of the
      dari entitas); dan                                                   entity); and
   h. Entitas, atau anggota dari kelompok yang mana                     h. Entities, or members of the group of which the
      entitas merupakan bagian dari kelompok tersebut,                     entity is a part, provide key management personnel
      menyediakan jasa personil manajemen kunci kepada                     services to the reporting entity or to the parent
      entitas pelapor atau kepada entitas induk dari entitas               entity of the reporting entity.
      pelapor.

Transaksi signifikan yang dilakukan dengan pihak- pihak              Significant transactions conducted with related parties,
berelasi, baik dilakukan dengan kondisi dan persyaratan              whether conducted under the same terms and conditions
yang sama dengan pihak ketiga maupun tidak, diungkapkan              as third parties or not, are disclosed in the consolidated
pada laporan keuangan konsolidasian.                                 financial statements.



Kebijakan Mekanisme Review atas                                      Review Mechanism Policy for Transactions
Transaksi dan Pemenuhan Peraturan Terkait                            and Compliance with Related Regulations

Perseroan telah memiliki kebijakan terkait persyaratan dan           The Company has policies regarding the terms and
kondisi transaksi yang mengandung benturan kepentingan               conditions of transactions that involve conflicts of interest
dan/atau transaksi dengan pihak berelasi. Pada prinsipnya,           and/or transactions with related parties. In principle, all
seluruh transaksi dengan pihak berelasi dilakukan dengan             transactions with related parties are conducted under the
ketentuan yang sama sebagaimana berlaku bagi pihak                   same terms and conditions as those applicable to third
ketiga, melalui evaluasi Komite Audit serta wajib memperoleh         parties, through evaluation by the Audit Committee and
persetujuan dari Dewan Komisaris.                                    subject to approval by the Board of Commissioners.

Sepanjang tahun 2025, Perseroan tidak mencatat adanya                Throughout 2025, the Company did not record any violations
pelanggaran terhadap peraturan perundang-undangan                    of laws and regulations related to transactions with related
terkait transaksi dengan pihak berelasi, serta tidak terdapat        parties, and there were no transactions involving conflicts
transaksi yang mengandung benturan kepentingan.                      of interest.




408                                                                       Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Pernyataan Direksi Bahwa Transaksi                                    Board Of Directors’ Statement that
Afiliasi Telah Melalui Prosedur yang                                   Affiliated Transactions Have Undergone
Memadai untuk Memastikan Bahwa                                        Adequate Procedures to Ensure that
Transaksi Afiliasi Dilaksanakan Sesuai                                 Affiliated Transactions are Carried
Dengan Praktik Bisnis yang Berlaku Umum                               Out in Accordance with Generally
Antara Lain Dilakukan dengan Memenuhi                                 Accepted Business Practices, Including
Prinsip Transaksi yang Wajar (Arms-Length                             by Complying with the Arm’s Length
Principle)                                                            Principle
Dalam melakukan transaksi dengan pihak berelasi, Direksi              In conducting transactions with related parties, the Board
memastikan bahwa seluruh kegiatan transaksi telah                     of Directors ensures that all transaction activities have
melalui prosedur yang memadai dan sesuai dengan prinsip               gone through adequate procedures and are in accordance
transaksi yang wajar (armsʼ length principle). Di tahun               with the arm’s length principle. In 2025, the Board of
2025, Direksi telah memastikan bahwa transaksi dengan                 Directors ensured that transactions with related parties
pihak berelasi telah dilakukan dengan wajar tanpa adanya              were conducted fairly without any conflicts of interest.
benturan kepentingan. Benturan kepentingan merupakan                  A conflict of interest is a specific condition in which
kondisi tertentu di mana kepentingan pribadi berpotensi               personal interests have the potential to influence and/or
mempengaruhi dan/atau menyingkirkan profesionalisme                   undermine the professionalism and integrity of the Board of
dan integritas Dewan Komisaris, Direksi, maupun Insan                 Commissioners, the Board of Directors, or other Company
Perseroan lainnya dalam melaksanakan tugas sehingga dapat             personnel in carrying out their duties, thereby impacting
berdampak pada pencapaian kinerja dan citra Perseroan                 the Company’s long-term performance and image. To that
dalam jangka panjang. Untuk itu, Perseroan telah menyusun             end, the Company has compiled the Jasa Marga Conflict
Pedoman Benturan Kepentingan Jasa Marga yang disahkan                 of Interest Guidelines, which were ratified through Board
melalui Keputusan Direksi Nomor 78/KPTS/2020 tentang                  of Directors Decision No. 78/KPTS/2020 on the Conflict of
Pedoman Benturan Kepentingan (Conflict of Interest) di PT             Interest Guidelines of PT Jasa Marga (Persero) Tbk.
Jasa Marga (Persero) Tbk.

Pedoman tersebut memuat informasi mengenai sosialisasi,               The guidelines contain information on the dissemination,
pelaporan, pengungkapan, serta pencegahan atas tindakan               reporting, disclosure, and prevention of actions and types
dan jenis benturan kepentingan untuk dipahami dan                     of conflicts of interest to be understood and applied in
diterapkan dalam kegiatan operasional sehari-hari oleh                daily operational activities by employees at all levels of the
para karyawan dari seluruh level organisasi sehingga dapat            organization to prevent and reduce irregularities, violations
mencegah dan mengurangi penyimpangan, pelanggaran                     and/or fraud that could cause financial and non-financial
dan/atau kecurangan yang dapat menimbulkan kerugian                   losses and damage the Company’s image, to achieve a
finansial dan non finansial serta merusak citra Perseroan,            clean, corruption-free company with employees who have
demi mendapatkan perusahaan yang bersih, bebas korupsi                an honest mindset and are fully committed to the interests
dan memiliki karyawan dengan sikap mental yang jujur dan              of the Company.
penuh rasa pengabdian kepada kepentingan Perseroan.

Selanjutnya, Perseroan melalui Dewan Komisaris dan                    Furthermore, through its Board of Commissioners and
Komite Audit senantiasa berperan dalam melakukan reviu                Audit Committee, the Company continues to play a role in
untuk memastikan bahwa transaksi dengan pihak berelasi                conducting reviews to ensure that transactions with related
dilaksanakan sesuai dengan praktik bisnis yang berlaku                parties are carried out per generally accepted business
umum dan telah memenuhi prinsip transaksi yang wajar dan              practices and have met the principles of fair transactions and
dilaksanakan dengan memenuhi ketentuan yang berlaku.                  are carried out in compliance with applicable regulations.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                            409
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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Peran Dewan Komisaris dan Komite Audit                              Role of the Board of Commissioners and
Dalam Melakukan Prosedur yang Memadai                               the Audit Committee in Implementing
untuk Memastikan Bahwa Transaksi Afiliasi                            Adequate Procedures to Ensure that
Dilaksanakan Sesuai Dengan Praktik Bisnis                           Affiliated Transactions are Carried Out
yang Berlaku Umum Antara Lain Dilakukan                             in Accordance with Generally Accepted
dengan Memenuhi Prinsip Transaksi yang                              Business Practices Includes Complying
Wajar (Arms-Length Principle)                                       with the Arm’s Length Principle
Dalam melakukan transaksi dengan pihak berelasi,                    In conducting transactions with related parties, the Company
Perseroan senantiasa memperhatikan prinsip kehatihatian             always pays attention to the principle of prudence in
sesuai dengan praktik bisnis yang berlaku umum dan telah            accordance with generally accepted business practices and
memenuhi POJK No. 42/POJK.04/2020 tentang Transaksi                 has complied with POJK No. 42/POJK.04/2020 on Affiliated
Afiliasi dan Transaksi Benturan Kepentingan, serta PSAK             Transactions and Conflicts of Interest Transactions, as well
No. 7 tentang Pengungkapan Pihak-Pihak Berelasi. Direksi            as PSAK No. 7 on Disclosure of Related Parties. The Board
memastikan bahwa seluruh kegiatan transaksi tersebut                of Directors ensures that all transaction activities have gone
telah melalui prosedur yang memadai dan telah direviu oleh          through adequate procedures and have been reviewed by
Dewan Komisaris dan Komite Audit untuk memastikan bahwa             the Board of Commissioners and the Audit Committee to
transaksi yang dilaksanakan sesuai dengan praktik bisnis            ensure that the transactions carried out are in accordance
yang berlaku umum dan telah memenuhi prinsip transaksi              with generally accepted business practices and have
yang wajar (armsʼ length principle). Sepanjang tahun 2025,          complied with the arms-length principle. Throughout 2025,
tidak terdapat pelanggaran atas peraturan perundang-                there were no violations of laws and regulations related
undangan terkait transaksi dengan pihak berelasi dan/atau           to transactions with related parties and/or transactions
transaksi yang mengandung benturan kepentingan.                     containing conflicts of interest.



Transaksi Material Dijalankan Dalam                                 Material Transactions to Generate
Rangka Menghasilkan Pendapatan Usaha                                Business Income Routinely, Repeatedly,
yang Dijalankan Secara Rutin, Berulang,                             and/or Continuously
dan/atau Berkelanjutan
Di sepanjang tahun 2025, tidak terdapat transaksi afiliasi          Throughout 2025, there were no affiliate transactions carried
yang dilakukan dalam upaya menghasilkan pendapatan, yang            out in an effort to generate income, which were carried
dijalankan secara rutin, berulang, dan/atau berkelanjutan           out routinely, repeatedly, and/or continuously, that were
yang bersifat luar biasa atau berpengaruh secara material           extraordinary or had a material effect on the Company’s
terhadap kinerja keuangan maupun kinerja operasional                financial performance and operational performance. On the
Perseroan. Di sisi lain, Jasa Marga juga telah memiliki             other hand, Jasa Marga also has a policy on the procurement
kebijakan pengadaan barang dan/atau jasa yang telah                 of goods and/or services that has been updated through
diperbarui melalui Keputusan Direksi Nomor 110 Tahun 2023           Board of Directors Decision Number 110 of 2023 to avoid
untuk menghindari potensi benturan kepentingan. Pedoman             potential conflicts of interest. These guidelines form the
ini merupakan landasan atas proses pengadaan barang                 basis for the procurement of goods and/or services within
dan/atau jasa di lingkup Perseroan, termasuk kaidah-kaidah          the Company, including the rules and restrictions related to
batasan yang berhubungan dengan persetujuan proses                  the approval of the procurement process for goods and/or
pengadaan barang dan/atau jasa.                                     services.

Pedoman ini bertujuan agar Perseroan mampu menjaga                  These guidelines aim to enable the Company to maintain its
reputasinya sebagai Badan Usaha Milik Negara yang                   reputation as a State-Owned Enterprise engaged in toll road
bergerak di bidang pengusahaan jalan tol di Indonesia               operations in Indonesia that acts with integrity and bases
yang bertindak dengan penuh integritas dan mendasarkan              its decisions on lawful business considerations. These
setiap keputusannya kepada pertimbangan bisnis yang                 guidelines also serve as a reference for the Company’s
taat hukum. Pedoman tersebut sekaligus menjadi acuan                personnel in carrying out their duties and responsibilities
bagi Insan Perseroan dalam melaksanakan tugas dan                   to create appropriate attitudes and behaviors that foster a
tanggung jawabnya sehingga tercipta sikap dan perilaku              conducive working climate and encourage the formation of
yang sesuai guna tercipta iklim kerja yang kondusif dan             employee identity, character, and motivation to behave and
mendorong terbentuknya identitas, karakter, dan motivasi            act in accordance with laws and regulations and based on
pegawai untuk berperilaku dan bertindak sesuai peraturan            sound morals and ethical values.
perundang-undangan serta dilandasi dengan moral dan
nilai-nilai etika yang sehat.




410                                                                      Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 411
06                               07                                        08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Kepatuhan Pembayaran Pajak
Tax Payment Compliance

Kontribusi Perseroan kepada negara salah satunya                             The Company's contribution to the state is realized, among
diwujudkan melalui pemenuhan kewajiban Perseroan                             other things, through the fulfillment of its obligations as a
sebagai wajib pajak dan sebagai pemotong/pemungut                            taxpayer and as a tax withholder/collector. As a taxpayer,
pajak. Sebagai wajib pajak, kewajiban PPh Badan yang                         the corporate income tax obligation paid for 2025 amounts
disetorkan untuk tahun 2025 adalah sebesar Rp1.566,5                         to Rp1,566.5 billion, a decrease of 51.8% compared with
miliar, turun sebesar 51,8% dibandingkan dengan tahun                        2024, which stood at Rp3,251.2 billion. The breakdown of
2024 yang tercatat sebesar Rp3.251,2 miliar. Adapun rincian                  tax payments over the last 2 (two) years is as follows:
pembayaran pajak tahun dalam 2 (dua) tahun terakhir adalah
sebagai berikut:

Tabel Pembayaran Pajak di Tahun 2025                                                                                          (dalam jutaan Rupiah)
Table of Tax Payment in 2025                                                                                                      (in million Rupiah)



                                                                                                                           Pertumbuhan
                  Uraian Pajak                                      2025                            2024                   (Penurunan)
                 Tax Description
                                                                                                                          Growth (Decline)
 PPh Pasal 25 dan 29
                                                                            535.450                          2.160.600                     -75,2%
 Income Tax Article 25 and 29

 PPh Pasal 21
                                                                            239.950                            207.364                      15,7%
 Income Tax Article 21

 PPh Pasal 22
                                                                                 364                                297                     22,6%
 Income Tax Article 22

 PPh Pasal 23
                                                                              24.879                             26.781                      -7,1%
 Income Tax Article 23

 PPh Pasal 26
                                                                             22.025                             20.233                       8,9%
 Income Tax Article 26

 PPh Final
                                                                             34.925                             39.336                     -11,2%
 Final Income Tax

 PPN Keluaran
                                                                               8.367                            10.979                    -23,8%
 Output Value-Added Tax

 PPN Pungut
                                                                             246.178                           348.951                    -29,5%
 Input Value-Added Tax

 PBB
                                                                            454.395                           436.627                         4,1%
 Property Tax

 Total                                                                     1.566.533                         3.251.168                    -51,8%



Hingga 31 Desember 2025, tidak terdapat ketidakpatuhan                       Up to December 31, 2025, there were no non-compliance
Perseroan dalam kewajiban membayar pajak (NIHIL).                            issues regarding the Company’s tax payment obligations
                                                                             (NIL).




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Ikhtisar Kinerja Utama             Laporan Manajemen           Profil Perusahaan            Analisa dan Pembahasan Manajemen                 Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report           Company Profile              Management Discussion and Analysis               Business Support Functions




Perubahan Peraturan Perundang-undangan
terhadap Perseroan pada Tahun Buku Terakhir
Changes to the Laws and Regulations on the Company
in the Recent Fiscal Year
Tabel Peraturan Perundang-undangan terhadap Perseroan di Tahun 2025
Table on Laws and Regulations Affecting the Company in 2025


                      Peraturan                               Penjelasan                                                    Pengaruh
  No.                 Regulation                              Explanation                                                    Impact
   1.     Undang-Undang No. 1 Tahun 2025       Peraturan mengubah ruang lingkup BUMN,           a.   Karyawan Perusahaan dapat ditarik menjadi karyawan pada
          tentang Perubahan Ketiga atas        membentuk Badan Pengelola Investasi Daya              BPI Danantara;
          Undang-Undang No. 19 tahun 2003      Anagata Nusantara yang bertujuan (BPI            b.   Status Direksi tidak lagi menjadi penyelenggara negara;
          tentang Badan Usaha Milik Negara.    Danantara) mengoptimalkan investasi dan          c.   Pemeriksaan laporan keuangan oleh BPK hanya dapat
          Law No. 1 of 2025 on the Third       operasional BUMN.                                     dilakukan atas permintaan DPR;
          Amendment to Law No. 19 of 2003      The regulation changes the scope of SOEs,        d.   Penugasan BUMN/Anak Perusahaan BUMN sebagai bentuk
          on State-Owned Enterprises.          establishing the Daya Anagata Nusantara               perluasan penugasan khusus dari pemerintah pusat;
                                               Investment Management Agency (BPI                e.   Aset BUMN dapat dijadikan jaminan oleh Bank.
                                               Danantara) with the aim of optimizing the        a.   Company employees may be transferred to become
                                               investment and operations of SOEs.                    employees of BPI Danantara;
                                                                                                b.   The Board of Directors is no longer that of state administrators;
                                                                                                c.   Financial statement audits by BPK can only be conducted at
                                                                                                     the request of DPR;
                                                                                                d.   The assignment of SOEs/SOE subsidiaries is a form
                                                                                                     of expansion of special assignments from the central
                                                                                                     government;
                                                                                                e.   SOE assets can be used as collateral by banks.

   2.     Undang-Undang No. 20 Tahun 2025      Peraturan ini memberikan pembaruan sistem        a.   Penguatan hak tersangka, terdakwa, terpidana, saksi dan
          tentang Hukum Acara Pidana.          peradilan pidana, yang lebih melindungi               korban sehingga dapat memberikan kepastian hukum dalam
          Law No. 20 of 2025 on Criminal       individu dan berasas legalitas. Peraturan             proses penegakan hukum terhadap karyawan atau manajemen
          Procedure Law.                       ini menekankan pembagian peran antara                 BUMN dalam dugaan tindak pidana;
                                               Aparat Penegak Hukum dan menekankan              b.   Perluasan upaya paksa yang mencakup penetapan tersangka
                                               modernisasi proses hukum.                             dan pemblokiran dapat meningkatkan risiko hukum, reputasi,
                                               This regulation provides an update to                 dan gangguan operasional BUMN, sehingga perlunya
                                               the criminal justice system, which better             penguatan tata kelola dan pengendalian internal BUMN;
                                               protects individuals and is based on legality.   c.   Adanya mekanisme Pengakuan Bersalah (Plea Bargain) dan
                                               This regulation emphasises the division of            Perjanjian Penundaan Penuntutan (Deferred Prosecution
                                               roles between law enforcement agencies                Agreement) yang dapat mempengaruhi penyelesaian kasus
                                               and emphasises the modernisation of legal             terkait BUMN;
                                               processes.                                       d.   Penguatan mekanisme Praperadilan yang dapat dimanfaatkan
                                                                                                     dalam kasus yang melibatkan BUMN;
                                                                                                e.   Pengaturan mengenai mekanisme Keadilan Restoratif yang
                                                                                                     dapat diterapkan dalam kasus tertentu di BUMN;
                                                                                                f.   Pengaturan saksi mahkota berpotensi mendorong terbukanya
                                                                                                     informasi internal BUMN, namun sekaligus meningkatkan
                                                                                                     risiko konflik internal, tekanan terhadap karyawan, dan
                                                                                                     eksposur hukum yang lebih besar bagi manajemen; dan
                                                                                                g.   Penguatan peran advokat dan upaya hukum.
                                                                                                a.   Strengthening the rights of suspects, defendants, convicts,
                                                                                                     witnesses and victims so as to provide legal certainty in
                                                                                                     the process of law enforcement against SOE employees or
                                                                                                     management in alleged criminal acts;
                                                                                                b.   The expansion of coercive measures, including the naming of
                                                                                                     suspects and blocking, may increase legal and reputational
                                                                                                     risks and operational disruptions for SOEs, thereby
                                                                                                     necessitating the strengthening of SOE governance and
                                                                                                     internal controls;
                                                                                                c.   The existence of a Plea Bargain mechanism and a Deferred
                                                                                                     Prosecution Agreement that may affect the settlement of
                                                                                                     cases related to SOEs;
                                                                                                d.   Strengthening the pretrial mechanism that can be utilised in
                                                                                                     cases involving SOEs;
                                                                                                e.   Regulations regarding Restorative Justice mechanisms that
                                                                                                     can be applied in certain cases in SOEs;
                                                                                                f.   Crown witness regulations have the potential to encourage
                                                                                                     the disclosure of internal SOE information, but at the same
                                                                                                     time increase the risk of internal conflict, pressure on
                                                                                                     employees, and greater legal exposure for management; and
                                                                                                g.   Strengthening the role of advocates and legal efforts.




412                                                                                       Laporan Tahunan 2025 Annual Report           PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan             Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility              Reference of POJK, SEOJK, and ARA Criteria




Tabel Peraturan Perundang-undangan terhadap Perseroan di Tahun 2025
Table on Laws and Regulations Affecting the Company in 2025


                     Peraturan                                  Penjelasan                                                 Pengaruh
  No.                Regulation                                 Explanation                                                 Impact
   3.    Peraturan Pemerintah No. 10 Tahun       Peraturan tentang organisasi dan tata kelola   BPI Danantara mengendalikan dividen, penyertaan modal,
         2025 tentang Organisasi dan Tata        Badan sehingga dapat mengelola BUMN            penghapusan aset serta pengambilan keputusan strategis pada
         Kelola Badan Pengelola Investasi Daya   secara efektif.                                BUMN.
         Anagata Nusantara.                      Regulations on the organization and            BPI Danantara controls dividends, capital participation, asset
         Government Regulation No. 10 of 2025    governance of the Agency so that it can        disposal, and strategic decision-making in state-owned
         on the Organization and Governance      manage SOEs effectively.                       enterprises.
         of the Anagata Nusantara Investment
         Management Agency.

   4.    Peraturan Pemerintah (PP) No. 6         Peraturan    tentang     perubahan      atas   Peraturan ini berpotensi memengaruhi Jasa Marga dalam aspek
         Tahun 2025 tentang Perubahan atas       ketentuan mengenai syarat kepesertaan,         ketenagakerjaan, khususnya terkait kewajiban perusahaan dalam
         Peraturan Pemerintah No. 37 Tahun       kadaluarsa klaim, syarat mengiur, dan bukti    penyelenggaraan dan pelaporan program Jaminan Kehilangan
         2021    tentang    Penyelenggaraan      Pemutusan Hubungan Kerja.                      Pekerjaan bagi karyawan.
         Program      Jaminan     Kehilangan     Regulations     concerning     amendments      This regulation has the potential to affect Jasa Marga in terms of
         Pekerjaan.                              to   provisions   regarding     membership     employment, particularly in relation to the Company's obligations
         Government      Regulation      (PP)    requirements, claim expiration, contribution   in implementing and reporting on the Job Loss Insurance program
         No. 6 of 2025 on Amendments to          requirements, and proof of termination of      for employees.
         Government Regulation No. 37 of         employment.
         2021 on the Implementation of the
         Job Loss Insurance Program.

   5.    Peraturan Menteri Ketenagakerjaan       Peraturan Perubahan tentang Penyesuaian        Perseroan perlu menyesuaikan tata cara pemberian manfaat
         No.   2   Tahun   2025    tentang       tata cara pemberian manfaat jaminan            Jaminan Kehilangan Pekerjaan, misalnya persyaratan, mekanisme
         Perubahan Atas Peraturan Menteri        kehilangan pekerjaan sesuai dengan             klaim dan proses administrasi.
         Ketenagakerjaan No. 15 Tahun            perkembangan hukum dan kebutuhan               The Company needs to adjust the procedures for providing Job
         2021 tentang Tata Cara Pemberian        Masyarakat.                                    Loss Insurance benefits, such as requirements, claim mechanisms,
         Manfaat     Jaminan    Kehilangan       Amendment Regulation on Adjustments to         and administrative processes.
         Pekerjaan.                              the procedures for providing unemployment
         Ministry of Manpower Regulation         insurance benefits in accordance with legal
         No. 2 of 2025 on Amendments to          developments and community needs.
         Ministry of Manpower Regulation
         No. 15 of 2021 on Procedures for
         Providing Unemployment Benefits.

   6.    Peraturan Pemerintah No. 28 Tahun       Peraturan    berisi    reformasi   kebijakan   Perseroan mengimplementasikan sistem Online Single Submission
         2025    tentang    Penyelenggaraan      secara berkelanjutan dalam mewujudkan          (OSS) untuk melakukan perizinan berbasis risiko.
         Perizinan Berusaha Berbasis Risiko.     kemudahan dalam memulai dan menjalankan        The Company implements the Online Single Submission (OSS)
         Government Regulation No. 28 of         usaha.                                         system to carry out risk-based licensing.
         2025 on the Implementation of Risk-     The regulation contains ongoing policy
         Based Business Licensing.               reforms to facilitate the establishment and
                                                 operation of businesses.

   7.    Peraturan    Pemerintah     No.    15   Peraturan tentang penambahan penyertaan        Saham Seri B dan Seri C BUMN akan dikendalikan melalui PT BKI,
         Tahun 2025 tentang Penambahan           modal Negara Republik Indonesia ke dalam       sehingga akan mengurangi otonomi langsung Perusahaan dalam
         Penyertaan Modal Negara Republik        modal saham Perusahaan Perseroan               mengambil keputusan strategis.
         Indonesia ke Dalam Modal Saham          (Persero) PT Biro Klasifikasi Indonesia yang   Series B and Series C shares of SOEs will be controlled through
         Perusahaan Perseroan (Persero)          berasal dari pengalihan saham milik Negara     PT BKI, thereby reducing the Company's direct autonomy in
         PT Biro Klasifikasi Indonesia Untuk     Republik Indonesia pada BUMN.                  making strategic decisions.
         Pendirian Holding Operasional.          Regulation on the increase in the capital
         Government Regulation No. 15 of         participation of the Republic of Indonesia
         2025 on the Addition of State Capital   in the share capital of the State-Owned
         Participation of the Republic of        Company (Persero) PT Biro Klasifikasi
         Indonesia in the Share Capital of the   Indonesia, originating from the transfer of
         Limited Liability Company (Persero)     shares owned by the Republic of Indonesia
         PT Biro Klasifikasi Indonesia for the   in SOEs.
         Establishment of an Operational
         Holding Company.

   8.    Peraturan Otoritas Jasa Keuangan        Peraturan tentang pelaksanaan Rapat            Peraturan ini mendorong Jasa Marga untuk menyesuaikan
         No.   14     Tahun    2025   tentang    Umum Pemegang saham secara elektronik.         mekanisme penyelenggaraan rapat pemegang saham secara
         Pelaksanaan Rapat Umum Pemegang         Regulations     on   the   implementation      elektronik agar lebih efisien, transparan, dan sesuai dengan
         Saham, Rapat Umum Pemegang              of   electronic    General  Meetings   of      standar tata kelola yang ditetapkan OJK.
         Obligasi, dan Rapat Umum Pemegang       Shareholders.                                  This regulation encourages Jasa Marga to adjust the mechanism
         Sukuk Secara Elektronik.                                                               for holding electronic shareholder meetings to be more efficient,
         Financial      Services    Authority                                                   transparent, and in accordance with the governance standards set
         Regulation No. 14 of 2025 on the                                                       by the OJK.
         Implementation of Electronic General
         Meetings of Shareholders, General
         Meetings of Bondholders, and
         General Meetings of Sukuk Holders.




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                                         413
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Ikhtisar Kinerja Utama              Laporan Manajemen              Profil Perusahaan           Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report              Company Profile             Management Discussion and Analysis             Business Support Functions




Tabel Peraturan Perundang-undangan terhadap Perseroan di Tahun 2025
Table on Laws and Regulations Affecting the Company in 2025


                      Peraturan                                   Penjelasan                                                  Pengaruh
  No.                 Regulation                                  Explanation                                                  Impact
   9.     Peraturan Otoritas Jasa Keuangan 34      Pengaturan      mengenai      pengembangan      Peraturan ini berpengaruh pada peningkatan kualitas dan
          Tahun 2024 tentang Pengembangan          dan penguatan kualitas SDM bidang               kompetensi SDM di entitas asosiasi dana pensiun Jasa Marga,
          Kualitas Sumber Daya Manusia             perasuransian, penjaminan, dan dana             sehingga Perseroan perlu memastikan pengurus dana pensiun
          Bagi Perusahaan Perasuransian,           pensiun diharapkan akan membantu                memenuhi ketentuan pelatihan dan sertifikasi sesuai regulasi OJK.
          Lembaga Penjamin, Dana Pensiun,          mewujudkan sektor keuangan yang dalam,          This regulation has an impact on improving the quality and
          serta Lembaga Khusus Bidang              inovatif, efisien, inklusif, dapat dipercaya,   competence of human resources in the Jasa Marga pension
          Perasuransian, Penjaminan, dan           kuat dan stabil sehingga dapat mendukung        fund association entity. Therefore, the Company needs to ensure
          Dana Pensiun.                            pertumbuhan ekonomi nasional yang kuat,         that pension fund managers meet the training and certification
          Financial      Services      Authority   seimbang, inklusif, dan berkelanjutan.          requirements in accordance with OJK regulations.
          Regulation No. 34 of 2024 on the         Regulations concerning the development
          Development of Human Resource            and strengthening of human resource quality
          Quality for Insurance Companies,         in the fields of insurance, guarantees, and
          Guarantee      Institutions,  Pension    pension funds are expected to help create
          Funds, and Special Institutions in the   a deep, innovative, efficient, inclusive,
          Fields of Insurance, Guarantees, and     trustworthy, strong, and stable financial
          Pension Funds.                           sector that can support strong, balanced,
                                                   inclusive, and sustainable national economic
                                                   growth.

   10.    Peraturan Otoritas Jasa Keuangan         Peraturan       tentang      pengesahan         Peraturan ini berdampak pada aspek kelembagaan dan perizinan
          No. 35 Tahun 2024 tentang Perizinan      pembentukan Dana Pensiun, PDP, dan              dana pensiun asosiasi Jasa Marga, mendorong Perseroan untuk
          dan Kelembagaan Dana Pensiun.            perubahan atas Peraturan Dana Pensiun.          menyesuaikan struktur, kebijakan, dan tata kelola agar tetap
          Financial    Services      Authority     Regulations concerning the ratification         memenuhi standar kepatuhan yang berlaku.
          Regulation No. 35 of 2024 on             of the establishment of Pension Funds,          This regulation has an impact on the institutional and licensing
          Licensing and Institutional Pension      PDP, and amendments to Pension Fund             aspects of the Jasa Marga association's pension fund, encouraging
          Funds.                                   Regulations.                                    the Compay to adjust its structure, policies, and governance to
                                                                                                   remain compliant with applicable standards.

   11.    PP 49/2025 tentang Perubahan             Peraturan ini menyempurnakan kebijakan          a.   Penyesuaian      struktur dan      skala   upah  berpotensi
          Kedua atas PP No. 36/2021 tentang        pengupahan nasional, termasuk formula                meningkatkan beban biaya SDM;
          Pengupahan.                              penyesuaian upah, struktur dan skala upah,      b.   Perlunya penyesuaian kebijakan remunerasi agar selaras
          Government Regulation No. 49/2025        serta penguatan perlindungan pengupahan              dengan ketentuan terbaru;
          concerning the Second Amendment          bagi pekerja.                                   c.   Berpengaruh terhadap perencanaan anggaran operasional
          to     Government       Regulation       This regulation refines the national wage            dan biaya jangka panjang Perseroan;
          No. 36/2021 concerning Wages.            policy, including the wage adjustment           d.   Mendorong peningkatan kepatuhan ketenagakerjaan di
                                                   formula, wage structure and scale, and               seluruh Unit Kerja dan Anak Perusahaan;
                                                   strengthens wage protection for workers.        e.   Berpotensi mempengaruhi hubungan industrial dan
                                                                                                        manajemen SDM.
                                                                                                   a.   Adjustments to the structure and scale of wages have the
                                                                                                        potential to increase human resource costs;
                                                                                                   b.   The need to adjust remuneration policies to align with the
                                                                                                        latest regulations;
                                                                                                   c.   Impact on the Company’s operational budget planning and
                                                                                                        long-term costs;
                                                                                                   d.   Encouraging increased labour compliance across all Work
                                                                                                        Units and Subsidiaries;
                                                                                                   e.   Potential impact on industrial relations and human resource
                                                                                                        management

   12.    Permen Hukum 47/2025 tentang             Peraturan     ini   mengatur     mekanisme      Peraturan ini berdampak pada perlindungan aset kekayaan
          Penanganan Laporan Pelanggaran           pelaporan dan penanganan pelanggaran            intelektual dan pengelolaan sistem elektronik Perseroan,
          Kekayaan Intelektual dalam Sistem        kekayaan     intelektual   melalui    sistem    mendorong       Perseroan     untuk     meningkatkan      kepatuhan,
          Elektronik.                              elektronik yang terintegrasi.                   pengendalian internal, serta mitigasi risiko hukum terkait
          Ministry     of     Law     Regulation   This regulation governs the mechanism for       penggunaan dan pengamanan kekayaan intelektual di lingkungan
          No. 47/2025 concerning theHandling       reporting and handling intellectual property    digital.
          of Reports of Intellectual Property      infringements     through     an  integrated    This regulation has an impact on the protection of intellectual
          Violations in Electronic Systems.        electronic system.                              property assets and the management of the Company’s electronic
                                                                                                   systems, encouraging the Company to improve compliance,
                                                                                                   internal controls, and legal risk mitigation related to the use and
                                                                                                   security of intellectual property in the digital environment.

   13.    SE Dirjen Bina Marga 19/SE/Db/2025       Peraturan ini mengatur mengenai Prosedur        Peraturan ini berdampak pada operasional dan pengelolaan
          tentang Pedoman Audit Keselamatan        Audit Keselamatan Jalan mencakup tujuh          aset jalan tol Perseroan, dengan mendorong penerapan audit
          Jalan.                                   langkah mulai dari penyiapan data hingga        keselamatan jalan secara berkelanjutan guna meningkatkan
          SE Director General of Highways 19/      tindak lanjut rekomendasi, dengan klasifikasi   standar keselamatan, mengurangi risiko kecelakaan, serta
          SE/Db/2025 concerning Road Safety        temuan adalah berat, sedang, dan ringan.        menjaga keandalan layanan jalan tol.
          Audit Guidelines.                        This regulation governs Road Safety             This regulation has an impact on the Company’s toll road operations
                                                   Audit Procedures, covering seven steps          and asset management, encouraging the implementation of
                                                   from data preparation to follow-up on           continuous road safety audits to improve safety standards, reduce
                                                   recommendations, with findings classified       the risk of accidents, and maintain the reliability of toll road
                                                   as serious, moderate, and minor categories.     services.




414                                                                                          Laporan Tahunan 2025 Annual Report          PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan              Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility               Reference of POJK, SEOJK, and ARA Criteria




Tabel Peraturan Perundang-undangan terhadap Perseroan di Tahun 2025
Table on Laws and Regulations Affecting the Company in 2025


                     Peraturan                                   Penjelasan                                                    Pengaruh
  No.                Regulation                                  Explanation                                                    Impact
  14.    POJK 28/2025 tentang Penerapan           Peraturan     ini    mencakup      perubahan     a.   Dana Pensiun Perseroan wajib menerapkan Manajemen
         Manajemen Risiko bagi Perusahaan         nomenklatur       LJKNB     (Lembaga     Jasa         Risiko untuk risiko berikut: strategis, operasional, kredit,
         Perasuransian, Lembaga Penjaminan        Keuangan      Non-Bank)       menjadi   PPDP          pasar, likuiditas, hukum, kepatuhan, dan reputasi; dan
         dan Dana Pensiun (berlaku tanggal 1      (Perasuransian, Penjaminan dan Dana              b.   Apabila Dana Pensiun Perseroan memiliki total aset tersedia
         Januari 2026).                           Pensiun), penambahan lembaga penjamin                 kurang dari 1 Triliun rupiah, maka tidak wajib membentuk
         POJK 28/2025 concerning the              dalam ruang lingkup manajemen risiko,                 komite Manajemen Risiko.
         Implementation of Risk Management        penambahan jenis risiko bagi lembaga             a.   The Company Pension Fund shall implement Risk Management
         for Insurance Companies, Guarantee       penjamin,     penambahan       satuan    kerja        for the following risks: strategic, operational, credit, market,
         Institutions and Pension Funds           manajemen risiko dalam PPDP, pengecualian             liquidity, legal, compliance, and reputation; and
         (effective January 1, 2026).             kewajiban pembentukan komite manajemen           b.   If the Company Pension Fund has total available assets of
                                                  risiko dan self assessment profil risiko serta        less than 1 trillion rupiah, it is not required to form a Risk
                                                  pelaporan profil risiko tersebut.                     Management committee.
                                                  This regulation covers changes to the
                                                  nomenclature of LJKNB (Non-Bank Financial
                                                  Services Institutions) to PPDP (Insurance,
                                                  Guarantee and Pension Funds), the addition
                                                  of guarantee institutions within the scope of
                                                  risk management, the addition of risk types
                                                  for guarantee institutions, the addition of
                                                  risk management work units within PPDP,
                                                  the exemption of the obligation to establish
                                                  a risk management committee and self-
                                                  assessment of risk profiles, as well as the
                                                  reporting of these risk profiles.

  15.    Permen Ketenagakerjaan No. 12            Peraturan ini mengubah beberapa ketentuan        Peraturan ini berdampak pada pengelolaan program kesejahteraan
         Tahun 2025 tentang Perubahan             dalam Peraturan Menteri Ketenagakerjaan          dan jaminan sosial ketenagakerjaan di lingkungan Jasa Marga,
         Kedua atas Permen Ketenagakerjaan        No. 35 Tahun 2016 tentang Tata Cara              mendorong Perseroan untuk menyesuaikan kebijakan, mekanisme
         No. 35 Tahun 2016 tentang Tata Cara      Pemberian, Persyaratan, dan Jenis Manfaat        kepesertaan, serta koordinasi dengan penyelenggara jaminan
         Pemberian Persyaratan dan Jenis          Layanan Tambahan dalam Program Jaminan           sosial agar tetap memenuhi ketentuan yang berlaku dan
         Manfaat Layanan Tambahan Dalam           Hari Tua sebagaimana telah diubah dengan         mendukung perlindungan jangka panjang bagi karyawan.
         Program Jaminan Hari Tua.                Peraturan      Menteri      Ketenagakerjaan      This regulation has an impact on the management of welfare
         Ministerial Regulation No. 12 of 2025    No. 17 Tahun 2021 tentang Perubahan atas         and social security programmes for employees at Jasa Marga,
         concerning the Second Amendment          Peraturan Menteri Ketenagakerjaan No. 35         encouraging the company to adjust its policies, membership
         to Ministerial Regulation No. 35 of      Tahun 2016 tentang Tata Cara Pemberian,          mechanisms and coordination with social security providers in
         2016 concerning Procedures for           Persyaratan, dan Jenis Manfaat Layanan           order to remain compliant with applicable regulations and support
         Granting Requirements and Types of       Tambahan dalam Program Jaminan Hari              long-term protection for employees.
         Additional Service Benefits in the Old   Tua, yaitu ketentuan Pasal 9 ayat (5) dan
         Age Security Programme.                  (6) serta ketentuan Pasal 11 ayat (4) dan (5).
                                                  This regulation amends several provisions
                                                  in Regulation of the Minister of Manpower
                                                  No. 35 of 2016 concerning Procedures
                                                  for Granting, Requirements, and Types
                                                  of Additional Service Benefits in the Old
                                                  Age Security Programme, as amended
                                                  by Minister of Manpower Regulation
                                                  No. 17 of 2021 on Amendments to Minister
                                                  of Manpower Regulation No. 35 of 2016
                                                  on Procedures for Granting, Requirements,
                                                  and Types of Additional Service Benefits in
                                                  the Old Age Security Programme, namely
                                                  the provisions of Article 9 paragraphs (5)
                                                  and (6) and the provisions of Article 11
                                                  paragraphs (4) and (5).

  16.    Permen PU No. 2 Tahun 2025               Peraturan ini mencabut Permen PUPR               a.   Penyesuaian wewenang dalam pelaksanaan kegiatan
         tentang Pelaksanaan Wewenang             No. 20 Tahun 2020, sehingga wewenang                  pengusahaan jalan tol, terutama terkait preservasi;
         Penyelenggaraan Jalan Tol.               bagi PUPR, DPJM, DJPI, BPJT dan BUJT             b.   Pengusahaan jalan tol dapat dilakukan oleh Perseroan sebagai
         Ministry of Public Works Regulation      mengikuti Permen PU 2/2025.                           BUJT dalam hal diperlukan percepatan pembangunan wilayah
         No. 2 of 2025 concerning the             This regulation revokes Ministry of Public            (melalui penugasan).
         Implementation     of  Toll   Road       Works and Public Housing Regulation No.          a.   Adjustment of authority in the implementation of toll road
         Management Authority.                    20 of 2020, so that the authority of the              operations, particularly in relation to preservation;
                                                  Ministry of Public Works and Public Housing,     b.   Toll road operations may be carried out by the Company as
                                                  DPJM, DJPI, BPJT and BUJT is governed by              a BUJT in cases where accelerated regional development is
                                                  Ministry of Public Works Regulation No.               required (through assignment).
                                                  2/2025.




PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                                              415
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01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Perubahan Kebijakan Akuntansi yang
Diterapkan Perseroan pada Tahun Buku Terakhir
Changes in Accounting Policies Implemented by the Company
in the Recent Fiscal Year

Kebijakan akuntansi telah diterapkan secara konsisten               Accounting policies have been applied consistently between
diantara laporan keuangan konsolidasian yang berakhir 31            the consolidated financial statements ending December
Desember 2025 dan 2024. Standar baru dan amendemen                  31, 2025 and 2024. New standards and amendments to
atas standar yang berlaku efektif untuk periode yang dimulai        standards effective for periods beginning on or after January
pada atau setelah 1 Januari 2025, dengan penerapan dini             1, 2025, with early application permitted, are as follows:
diperkenankan yaitu:
• PSAK 117 “Kontrak Asuransi”;                                      •   PSAK 117 ‘Insurance Contracts’;
• Amendemen PSAK 117: “Kontrak Asuransi tentang                     •   Amendment to PSAK 117: ‘Insurance Contracts on
    Penerapan Awal PSAK 117 dan PSAK 109 – Informasi                    the Early Application of PSAK 117 and PSAK 109 –
    Komparatif”; dan                                                    Comparative Information’; and
• Amendemen PSAK 221: “Pengaruh Perubahan Kurs                      •   Amendment to PSAK 221: ‘The Effect of Foreign
    Valuta Asing tentang Kekurangan Ketertukaran”.                      Exchange Rate Changes on Liquidity Shortfalls’.

Beberapa PSAK juga diamendemen yang merupakan                       Several PSAKs have also been amended as a consequence
amendemen konsekuensial karena berlakunya PSAK 117:                 of the enactment of PSAK 117: Insurance Contracts, namely:
Kontrak Asuransi, yaitu:
• PSAK 103 “Kombinasi Bisnis”;                                      •   PSAK 103 ‘Business Combinations’;
• PSAK 105 “Aset Tidak Lancar yang Dikuasai untuk Dijual            •   PSAK 105 ‘Non-current Assets Held for Sale and
   dan Operasi yang Dihentikan”;                                        Discontinued Operations’;
• PSAK107 “Instrumen Keuangan: Pengungkapan”;                       •   PSAK 107 ‘Financial Instruments: Disclosure’;
• PSAK109 “Instrumen Keuangan”;                                     •   PSAK 109 ‘Financial Instruments’;
• PSAK 115 “Pendapatan dari Kontrak dengan Pelanggan”;              •   PSAK 115 ‘Revenue from Contracts with Customers’;
• PSAK 201 “Penyajian Laporan Keuangan”;                            •   PSAK 201 ‘Presentation of Financial Statements’;
• PSAK 207 “Laporan Arus Kas”;                                      •   PSAK 207 ‘Cash Flow Statements’;
• PSAK 216 “Aset Tetap”;                                            •   PSAK 216 ‘Fixed Assets’;
• PSAK 219 “Imbalan Kerja”;                                         •   PSAK 219 ‘Employee Benefits’;
• PSAK 228 “Investasi pada Entitas Asosiasi dan Ventura             •   PSAK 228 ‘Investments in Associates and Joint Ventures’;
   Bersama”;
• PSAK 232 “Instrumen Keuangan Penyajian”;                          •   PSAK 232 ‘Financial Instruments: Presentation’;
• PSAK 236 “Penurunan Nilai Aset”;                                  •   PSAK 236 “Impairment of Assets”;
• PSAK 237 “Provisi, Liabilitas Kontijensi dan Aset                 •   PSAK 237 “Provisions, Contingent Liabilities                   and
   Kontijensi”;                                                         Contingent Assets”;
• PSAK 238 “Aset Takberwujud”; dan                                  •   PSAK 238 “Intangible Assets”; and
• PSAK 240 “Properti Investasi”.                                    •   PSAK 240 “Investment Property”.

Implementasi amendemen standar tersebut tidak memiliki              The implementation of these amendments to the standards
dampak yang material terhadap jumlah yang dilaporkan di             has no material impact on the amounts reported in the
periode berjalan atau tahun sebelumnya.                             current period or the previous year.




416                                                                      Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Informasi Kelangsungan Usaha
Information on Business Continuity

Hal-hal yang Berpotensi Berpengaruh                                   Matters with Potential Impact on Business
terhadap Kelangsungan Usaha                                           Continuity
Perseroan secara konsisten menerapkan praktik manajemen               The Company consistently implements effective and
risiko yang efektif dan efisien untuk memastikan keberlanjutan        efficient risk management practices to ensure business
usaha. Setiap tingkatan organisasi, baik di level korporat            continuity. Every level of the organization, both at the
maupun unit bisnis, diwajibkan menjalankan prinsip-                   corporate and business unit levels, is required to implement
prinsip manajemen risiko dengan mempertimbangkan                      risk management principles by considering the objectives,
sasaran, prioritas, serta manfaat setiap program kerja bagi           priorities, and benefits of each work program for the
keberlangsungan Perseroan. Dengan keterlibatan seluruh                Company’s sustainability. With the involvement of the
jajaran, Perseroan meyakini dapat mengelola risiko secara             entire management team, the Company believes that it can
optimal serta meminimalisasi potensi dampak negatif                   manage risks optimally and minimize the potential negative
terhadap kinerja dan kelangsungan usaha.                              impact on performance and business continuity.

Jasa Marga memandang seluruh potensi risiko sebagai                   Jasa Marga views all potential risks as part of business
bagian dari dinamika bisnis yang dapat dikelola melalui tata          dynamics that can be managed through strong and
kelola risiko yang kuat dan berkelanjutan. Melalui penerapan          sustainable risk management. Through the implementation
sistem manajemen risiko terintegrasi, disiplin keuangan,              of an integrated risk management system, financial
inovasi digital, serta penerapan prinsip ESG, Perseroan               discipline, digital innovation, and the application of ESG
meyakini mampu menjaga keberlangsungan usaha di                       principles, the Company believes it is capable of maintaining
tengah perubahan lingkungan eksternal dan internal.                   business continuity amid external and internal environmental
Pendekatan ini tidak hanya memastikan ketahanan                       changes. This approach not only ensures operational and
operasional dan keuangan, tetapi juga memperkuat peran                financial resilience but also strengthens Jasa Marga’s role
Jasa Marga sebagai penggerak utama konektivitas nasional              as a key driver of national connectivity and economic
dan pembangunan ekonomi Indonesia.                                    development in Indonesia.


Asesmen Manajemen                                                     Management Assessment
Manajemen Perseroan telah melakukan penilaian menyeluruh              The Company’s management has conducted a comprehensive
atas kemampuan Perseroan dalam menjaga kelangsungan                   assessment of the Company’s ability to maintain its business
usahanya. Manajemen telah melakukan analisis untuk                    continuity. Management has conducted an analysis to
mengukur kekuatan (strengths), kelemahan (weakness),                  measure the strengths, weaknesses, opportunities, and
peluang (opportunities), dan tantangan (threats) bagi Perseroan       threats to the Company using SWOT. This SWOT analysis
dengan menggunakan SWOT. Analisis SWOT ini diperlukan                 is necessary to formulate strategic indications that
untuk merumuskan indikasi strategi yang mempertimbangkan              consider the Company’s internal conditions to capitalize on
kondisi internal Perseroan untuk memanfaatkan peluang serta           opportunities and minimize the impact of external threats.
meminimalkan dampak ancaman eksternal.

Berdasarkan hasil penilaian tersebut, manajemen meyakini              Based on the results of this assessment, management
bahwa Perseroan memiliki sumber daya yang memadai                     believes that the Company has sufficient resources to
untuk mendukung keberlangsungan usaha di masa                         support its business continuity in the future. In addition,
mendatang. Selain itu, manajemen tidak menemukan                      management did not find any material uncertainties that
adanya ketidakpastian material yang dapat menimbulkan                 could cast significant doubt on the Company’s ability to
keraguan signifikan terhadap kemampuan Perseroan dalam                maintain its operations on a going concern basis.
mempertahankan operasionalnya secara berkesinambungan.


Asumsi yang Digunakan Manajemen untuk                                 Assumptions that Management Applied in
Melakukan Asesmen                                                     the Assessment
Beberapa faktor yang menjadi pertimbangan manajemen                   Several factors considered by management in assessing
dalam melakukan asesmen terhadap kelangsungan usaha                   business continuity are:
adalah:
1. Kinerja keuangan;                                                  1.   Financial performance;
2. Likuiditas;                                                        2.   Liquidity;
3. Solvabilitas;                                                      3.   Solvency;
4. Masalah internal;                                                  4.   Internal issues;
5. Perkara hukum; dan                                                 5.   Legal matters; and
6. Kondisi makro ekonomi, seperti inflasi dan tingkat suku            6.   Macroeconomic conditions, such as inflation and
    bunga.                                                                 interest rates.


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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Tingkat Kesehatan Perusahaan
Company Soundness Level

Perseroan secara konsisten mengukur tingkat kesehatan               The Company consistently measures its financial soundness
perusahaan sesuai dengan Peraturan Menteri BUMN                     under the Minister of State-Owned Enterprises Regulation
Republik Indonesia No. PER-2/MBU/2023 tentang Pedoman               No. PER-2/MBU/2023 on Guidelines for Corporate
Tata Kelola dan Kegiatan Korporasi Signifikan Badan Usaha           Governance and Significant Corporate Activities of State-
Milik Negara, Bab IV Bagian Kesatu Pasal 76. Berdasarkan            Owned Enterprises, Chapter IV, Section One, Article 76.
penilaian yang dilakukan oleh PT Pemeringkat Efek                   Based on an assessment conducted by PT Pemeringkat
Indonesia (Pefindo), Perseroan memperoleh peringkat idAA/           Efek Indonesia (Pefindo), the Company received an idAA/
Stable, yang mencerminkan kondisi keuangan serta profil             Stable rating, which reflects the Company's strong and
usaha Perseroan yang kuat dan stabil.                               stable financial condition and business profile.




Komitmen dan Kontingensi
Commitments and Contingencies

Jasa Marga memiliki komitmen dan kontinjensi yang                   Jasa Marga has commitments and contingencies disclosed
diungkapkan pada Catatan 45 dalam Laporan Keuangan                  in Note 45 in the Consolidated Financial Statements
Konsolidasian yang diterbitkan pada tanggal 27 Februari             published on February 27, 2026, page 165.
2026, halaman 165.




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




                                                                                Taman Median Bougenville Jalan Tol Bali Mandara
PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                           419
                                                                               Bougainvillea Median Park on Bali Mandara Toll Road
Page 420
05             Fungsi Penunjang Bisnis
               Business Support Functions




            Transformasi Berkelanjutan Jasa Marga            Pengelolaan Kinerja
      422                                            441
            Jasa Marga’s Continuous Transformation           Performance Management

            Human Capital                                    Kesejahteraan Karyawan
      426                                            443
            Human Capital                                    Employee Welfare

            Strategi Pengelolaan Human Capital               Program Pasca Kerja
      427                                            445
            Human Capital Management Strategy                Post-Employment Program
            Pengembangan Organisasi                          Penghargaan kepada Karyawan
      430                                            446
            Organizational Development                       Employee Recognition
            Manajemen Human Capital                          Hubungan Industrial
      432                                            447
            Human Capital Management                         Industrial Relations
            Pengembangan Karyawan                            Teknologi Informasi
      436                                            448
            Employee Development                             Information Technology




      Jasa Marga menempatkan pengelolaan Human Capital
      (HC) sebagai pilar strategis melalui peningkatan
      kompetensi, penguatan kapabilitas, dan pengembangan
      berkelanjutan untuk memastikan seluruh Insan Perseroan
      mampu menjawab tantangan industri dan mendukung
      kinerja usaha secara optimal.
      Jasa Marga places Human Capital (HC) management as a strategic
      pillar through competency improvement, capability strengthening, and
      continuous development to ensure that all Company personnel are
      able to respond to industry challenges and support optimal business
      performance.


420                                                        Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 421
PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report   421
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Ikhtisar Kinerja Utama             Laporan Manajemen           Profil Perusahaan          Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report           Company Profile            Management Discussion and Analysis       Business Support Functions




     Wujud Komitmen Melayani Sepenuh Hati untuk Percepatan Transformasi Pelayanan Jalan Tol
     A Commitment to Wholehearted Service for the Acceleration of Toll Road Service Transformation




Transformasi Berkelanjutan Jasa Marga
Jasa Marga’s Continuous Transformation

Proses transformasi Jasa Marga merupakan bagian integral                          Jasa Marga's transformation process is an integral part of
dari pelaksanaan Rencana Jangka Panjang Perusahaan                                the implementation of the 2025-2029 Long-Term Corporate
(RJPP) 2025-2029, yang menjadi panduan arah strategis                             Plan (RJPP), which serves as a guide for the corporation's
korporasi untuk lima tahun ke depan. Transformasi ini tidak                       strategic direction for the next five years. This transformation
hanya berorientasi pada pertumbuhan bisnis, namun juga                            is not only oriented towards business growth, but also
pada penguatan tata kelola, digitalisasi, inovasi layanan,                        towards strengthening governance, digitalization, service
dan pencapaian keberlanjutan (sustainability) sebagai                             innovation, and achieving sustainability as the Company's
keunggulan kompetitif Perseroan.                                                  competitive advantage.

Berdasarkan visi baru Jasa Marga, yaitu “Inovasi menuju                           Based on Jasa Marga's new vision, "Innovation towards
peningkatan nilai yang berkelanjutan”, Jasa Marga                                 sustainable value enhancement," Jasa Marga has identified
telah mengidentifikasi tujuan strategis yang menjadi                              strategic objectives that form the basis of the RJPP for the
landasan dalam RJPP periode tahun 2025-2029 ini, yaitu                            2025-2029 period, namely "improving the performance of
“meningkatkan kinerja portofolio eksisting serta melibatkan                       the existing portfolio and better engaging and understanding
dan memahami pelanggan dengan lebih baik”, dengan                                 customers," with the following details:
rincian sebagai berikut:
• Memaksimalkan teknologi sebagai enabler dalam                                   •   Maximizing technology as an enabler in providing
    memberikan layanan infrastruktur jalan tol yang inovatif                          innovative toll road infrastructure services that meet
    serta sesuai dengan kebutuhan pengguna.                                           user needs.
• Meningkatkan performa portofolio eksisting serta mulai                          •   Improving the performance of the existing portfolio
    menjajaki peluang ekspansi ke pasar yang lebih luas.                              and beginning to explore expansion opportunities into
                                                                                      broader markets.




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




•    Meningkatkan inovasi melalui kolaborasi dengan                   •    Enhancing innovation through collaboration with key
     stakeholder pada ekosistem jalan tol sekaligus                        stakeholders in the toll road ecosystem while developing
     pengembangan kapabilitas inti.                                        core capabilities.
•    Memperluas implementasi solusi teknologi ETC di                  •    Expanding the implementation of ETC technology
     seluruh Indonesia melalui skema kerja sama dengan                     solutions throughout Indonesia through cooperation
     mitra strategis, pengembang teknologi, operator jalan                 schemes with strategic partners, technology developers,
     tol lainnya, atau pelanggan.                                          other toll road operators, or customers.
•    Menetapkan       target   dan    menjalankan  inisiatif          •    Setting targets and implementing sustainable initiatives
     berkelanjutan     yang    berkontribusi  pada  target                 that contribute to national decarbonization targets.
     dekarbonisasi nasional.

Dalam RJPP 2025-2029, Jasa Marga juga telah merumuskan                In the 2025-2029 RJPP, Jasa Marga has also formulated
berbagai program inisiatif strategis untuk menjawab                   various strategic initiative programs to address various
berbagai isu dan tantangan, serta peluang pengembangan                issues and challenges, as well as future development
ke depan. Sejumlah program inisiatif strategis kemudian               opportunities. Several strategic initiative programs are then
dipetakan menurut relevansinya dengan aspek usaha                     mapped according to their relevance to the Company's
Perseroan:                                                            business aspects:
1. Strategi Bisnis:                                                   1. Business Strategy:
    a. Bisnis Konsesi                                                     a. Concession Business
    b. Bisnis Pendukung Jalan Tol                                         b. Toll Road Supporting Business
    c. Bisnis Prospektif                                                  c. Prospective Business
2. Strategi Fungsional/Pendukung:                                     2. Functional/Supporting Strategy:
    a. Inovasi & Customer Experience                                      a. Innovation & Customer Experience
    b. Pengembangan Bisnis                                                b. Business Development
    c. Teknologi                                                          c. Technology
    d. Finansial                                                          d. Finance
    e. Organisasi dan SDM                                                 e. Organization and Human Capital
    f. Environmental, Social, and Governance                              f. Environmental, Social, and Governance

Sejak tahun 2017, Jasa Marga membentuk unit kerja yang                Since 2017, Jasa Marga has formed a work unit specifically
secara khusus bertanggung jawab dalam memastikan                      responsible for ensuring the implementation and evaluation
implementasi dan evaluasi terhadap proses transformasi,               of the transformation process, namely the Strategic
yaitu Strategic Transformation (STO) Group. Peran STO                 Transformation (STO) Group. The STO Group serves as
Group dalam hal ini bertugas sebagai Transformation                   a Transformation Business Partner (TBP) to support the
Business Partner (TBP) untuk mendukung proses                         transformation process across all directorates.
transformasi di seluruh direktorat.

Fokus pelaksanaan program inisiatif strategis di tahun 2025-          The focus on implementing strategic initiatives in 2025-
2029 menjadi kunci penting dalam mewujudkan visi dan                  2029 is key to realizing the Company’s latest vision
misi terbaru Perseroan. Setiap inisiatif strategis diarahkan          and mission. Each strategic initiative is aimed at driving
untuk mendorong peningkatan nilai bagi seluruh pemangku               value enhancement for all stakeholders and ensuring the
kepentingan dan memastikan keberlanjutan Perusahaan                   Company’s long-term sustainability. The following are
dalam jangka panjang. Berikut merupakan rincian program               details of the initiative programs carried out throughout
inisiatif yang dilakukan sepanjang tahun 2025-2029:                   2025-2029:




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Ikhtisar Kinerja Utama               Laporan Manajemen         Profil Perusahaan           Analisa dan Pembahasan Manajemen                  Fungsi Penunjang Bisnis
Main Performace Highlights           Management Report         Company Profile             Management Discussion and Analysis                Business Support Functions




Kerangka Inisiatif & Rumusan Strategis Perusahaan
Corporate Initiative Framework & Strategic Formulation




                                                                                                                Strategi Perusahaan
                                                                                                                 Company Strategy

                                                                                                     Strategi Komersial, Bisnis, & Operasi
                                                                                                 Commercial, Business, and Operational Strategy


                                                                                  Bisnis Konsesi                Bisnis Pendukung                        Bisnis
                                                                                     Concession                  Jalan Tol (O&M)                      Prospektif
                                                                                      Business                    Toll Road Support                   Prospective
     Inovasi menuju peningkatan nilai berkelanjutan
                                                                                                                   Business (O&M)                      Business
          Innovation towards sustainable value
                      enhancement
                                                                               Optimalisasi kinerja            Ekspansi pasar melalui          Meningkatkan utilisasi
                                                                             portfolio konsesi jalan            pemanfaatan Unique               aset non-tol untuk
                                                                            tol melalui standardisasi         Selling Point dari Service      peningkatan pendapatan
              Strategi Komersial, Bisnis, & Operasi                         biaya O&M dan recycling           Provider Pengoperasian          non-tol dan brand image
                   Commercial, Business, and                                    asset yang under               dan Preservasi (O&M).                Jasa Marga.
                     Operational Strategy                                         performance.                    Market expansion             Increasing the utilisation
                                                                               Optimising toll road             through the utilisation       of non-toll assets to boost
                                                                               concession portfolio              of the Unique Selling        non-toll revenue and Jasa
                                                                              performance through               Point of the Operation           Marga’s brand image.
                                                                             standardisation of O&M            and Maintenance (O&M)
          A                      B                       C                     costs and recycling                 Service Provider.
                                                                             underperforming assets.
                               Bisnis
                             Pendukung
       Bisnis                 Jalan Tol             Bisnis
      Konsesi                  (O&M)             Prospektif                                              Strategi Inovasi & Customer Experience
                                                                                                       Innovation Strategy & Customer Experience
     Concession               Toll Road          Prospective
                                                                                     Mengembangkan dan mengkomersialisasi produk serta layanan yang customer
      Business                Support             Business
                                                                                                  centric melalui manajemen inovasi dan kolaborasi.
                              Business                                              Developing and commercialising customer-centric products and services through
                               (O&M)                                                                 innovation management and collaboration.

                                                                                                            Strategi Pengembangan Bisnis
                                                                                                            Business Development Strategy
                                                                                    Transisi ke model bisnis investasi brownfield dan mengeksplor ekspansi ke pasar
                                                                                                                        internasional.
                                                                                    Transition to a brownfield investment business model and explore expansion into
                                                                                                                   international markets.
      Strategi Inovasi & Customer Experience
D
      Innovation Strategy & Customer Experience
                                                                                                                   Strategi Teknologi
                                                                                                                  Technology Strategy
                                                                                   Pengembangan kapasitas dan infrastruktur teknologi untuk mendukung pengambilan
                                                                                                          keputusan berbasis data (data-driven).
      Strategi Pengembangan Bisnis                                                Capacity building and technological infrastructure development to support data-driven
E
      Business Development Strategy                                                                                 decision-making.

                                                                                                                   Strategi Finansial
                                                                                                                   Financial Strategy

      Strategi Teknologi                                                     Efisiensi biaya keuangan melalui pendanaan alternatif dan meningkatkan pengelolaan portfolio
F                                                                                                    perusahaan melalui intelligent asset management.
      Technology Strategy                                                         Financial cost efficiency through alternative funding and improved company portfolio
                                                                                                   management through intelligent asset management.


                                                                                                               Strategi Organisasi & SDM
G     Strategi Finansial                                                                              Organisational and Human Resource Strategy
      Financial Strategy                                                      Restrukturisasi organisasi, upskilling, dan pembentukan layanan bersama untuk mendukung
                                                                                                         tercapainya rencana bisnis Perusahaan.
                                                                              Organisational restructuring, upskilling, and the establishment of shared services to support
                                                                                                   the achievement of the company’s business plan.

      Strategi Organisasi dan SDM
H                                                                                                                    Strategi ESG
      Organisational and Human Resource Strategy                                                                     ESG Strategy
                                                                             Meningkatkan adopsi usecase green initiative pada kegiatan operasional utama dan membuka
                                                                                                     peluang untuk menerbitkan pendanaan hijau.
                                                                             Increasing the adoption of green initiative use cases in key operational activities and opening
      Strategi ESG                                                                                    up opportunities to issue green financing.
 I
      ESG Strategy




424                                                                                      Laporan Tahunan 2025 Annual Report             PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan                Tanggung Jawab Sosial Perusahaan              Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance             Corporate Social Responsibility               Reference of POJK, SEOJK, and ARA Criteria




                                                                           Inisiatif Strategis
                                                                          Strategic Initiatives


        Mengembangkan bank data harga satuan biaya O&M                                        Mengimplementasikan data warehouse dan platform business
A1                                                                                     F1
        Developing a database of O&M unit costs.                                              intelligence untuk penerapan use case pengelolaan data prioritas
                                                                                              (cth. proyeksi lalu lintas, transaksi, kinerja ruas).
        Melakukan upaya penyehatan dan me-recycle aset yang
A2                                                                                            Implementing a data warehouse and business intelligence platform
        underperformance.
                                                                                              for the application of priority data management use cases
        Undertaking efforts to restructure and recycle underperforming
                                                                                              (e.g. traffic projections, transactions, section performance).
        assets.
                                                                                              Meningkatkan evolusi data analytics dan fase deskriptif menuju
                                                                                       F2
                                                                                              preskriptif.
                                                                                              Advancing the evolution of data analytics from descriptive to
        Mengalihkan labour-based operation ke technology-based                                prescriptive.
B1
        operation melalui digitalisasi dan implementasi teknologi.
        Shifting labour-based operations to technology-based operations                       Menyempurnakan Masterplan IT mempertimbangkan cyber
                                                                                       F3     security dan kebutuhan proses bisnis.
        through digitalisation and technology implementation.
                                                                                              Refining the IT Masterplan, taking into account cyber security and
        Menciptakan revenue stream dari bisnis digital atas                                   business process requirements.
B2
        pengembangan solusi teknologi ETC.
        Creating revenue streams from digital businesses through the
        development of ETC technology solutions.

        Meningkatkan kualitas material dan standar pekerjaan bidang                    G1     Mempersiapkan alternatif sumber pendanaan (mis. sukuk,
B3
        preservasi (cth. pengembangan produk aspal, penilaian                                 obligasi, green financing) dengan cost of fund kompetitif untuk
        keselamatan iRAP).                                                                    kesinambungan pendanaan.
        Improving material quality and work standards in the field of                         Preparing alternative funding sources (e.g. sukuk, bonds, green
        preservation (e.g. asphalt product development, iRAP safety                           financing) with competitive cost of funds for funding continuity.
        assessment).
                                                                                              Menerapkan sistem manajemen aset dan portofolio perusahaan
                                                                                       G2
        Meningkatkan skala integrasi operasi (cth. integrasi kapabilitas                      (integrated asset management).
B4                                                                                            Implementing a company asset and portfolio management system
        personil, penggabungan sentra komunikasi).
        Increasing the scale of operational integration (e.g. integration of                  (integrated asset management).
        personnel capabilities, consolidation of communication centres).




                                                                                              Restrukturisasi fungsi organisasi dan manajemen SDM end-to-end
        Meningkatkan utilisasi aset non-tol untuk peningkatan                          H1
C1                                                                                            meliputi perekrutan hingga retensi.
        pendatapan non-tol dan brand image Jasa Marga.
                                                                                              Restructuring of organisational functions and end-to-end HR
        Increasing the utilisation of non-toll assets to boost non-toll
                                                                                              management, covering recruitment to retention.
        revenue and Jasa Marga’s brand image.
                                                                                              Membentuk fungsi shared service center (SSC) terutama untuk
                                                                                       H2
                                                                                              sentralisasi dan spesialisasi.
                                                                                              Establishing a shared service centre (SSC) function primarily for
        Meningkatkan pengalaman dan keterlibatan pelanggan melalui                            centralisation and specialisation.
D1
        utilisasi Travoy dan pengelolaan inovasi lainnya.
        Enhancing customer experience and engagement through the                              Upskilling karyawan melalui program pelatihan dan pengembangan
                                                                                       H3
        utilisation of Travoy and other innovation management tools.                          berbasis kompetensi.
                                                                                              Upskilling employees through competency-based training and
        Meningkatkan kolaborasi dan kerja sama dengan berbagai                                development programmes.
D2
        stakeholders untuk komersialisasi dan pemasaran produk
        inovasi (cth. layanan JMTC untuk ruas tol lain, platform inkubasi/                    Internalisasi budaya kerja perusahaan sebagai cascading AKHLAK.
                                                                                       H4
        akselerator startup).                                                                 Internalisation of the company’s work culture as cascading AKHLAK.
        Enhancing collaboration and cooperation with various
        stakeholders for the commercialisation and marketing of
        innovative products (e.g. JMTC services for other toll roads,
        startup incubation/accelerator platforms).
                                                                                       I1     Meningkatkan adopsi usecase green initiative pada kegiatan
                                                                                              operasional utama (cth. penghijauan koridor, penggunaan sel
                                                                                              surya).
        Memutakhirkan pedoman investasi melalui peningkatan kriteria                          Increasing the adoption of green initiative use cases in key
E1                                                                                            operational activities (e.g. greening corridors, use of solar cells).
        kelayakan dan fungsi monitoring evaluasi.
        Updating investment guidelines by improving eligibility criteria and
        monitoring and evaluation functions.

        Ekspansi pasar regional (cth. Asia Tenggara) melalui investasi
E2
        minority atau O&M secara parsial.
        Regional market expansion (e.g. Southeast Asia) through minority
        investments or partial O&M.

        Mengadopsi model bisnis perusahaan berbasis investasi untuk
E3
        pengembangan aset brownfield.
        Adopting an investment-based business model for brownfield asset
        development.




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Ikhtisar Kinerja Utama                Laporan Manajemen               Profil Perusahaan             Analisa dan Pembahasan Manajemen                  Fungsi Penunjang Bisnis
Main Performace Highlights            Management Report               Company Profile               Management Discussion and Analysis                Business Support Functions




  Dukung Implementasi Employee Well-being Policy, Direktur Utama Perseroan Resmikan Roadster Sportivo (Sport, Art, Interest Activity, & Community)
  Supporting the Implementation of the Employee Well-being Policy, the Company’s President Director Inaugurates Roadster Sportivo (Sport, Art, Interest Activity, & Community)




Human Capital
Human Capital

Komitmen untuk Membangun Human                                                             Commitment to Building Excellent Human
Capital yang Unggul                                                                        Capital
Perseroan memandang human capital sebagai kunci                                            The Company views human capital as the key to long-term
kemajuan dan keberlanjutan bisnis dalam jangka panjang.                                    business progress and sustainability. On this basis, the
Atas dasar ini, Perseroan berkomitmen untuk terus                                          Company is committed to continuously developing reliable,
membangun human capital yang andal, loyal, dan kompeten                                    loyal, and competent human capital to realize the Company’s
guna mewujudkan visi dan misi Perseroan di tengah                                          vision and mission amid increasingly complex business
dinamika bisnis yang semakin kompleks dan tantangan                                        dynamics and global challenges full of uncertainty. The
global yang penuh dengan ketidakpastian. Perseroan telah                                   Company has developed a strategy for managing human
menyusun strategi dalam melakukan pengelolaan human                                        capital so as to create individuals who not only have the
capital sehingga dapat menciptakan insan yang tidak                                        appropriate skills and knowledge but are also able to adapt
hanya memiliki keterampilan dan pengetahuan yang sesuai,                                   to the ever-evolving industry.
melainkan juga mampu beradaptasi dengan perkembangan
industri yang terus berkembang.

Dalam rangka memastikan terciptanya human capital yang                                     To ensure the creation of excellent human capital, the
unggul, Perseroan juga senantiasa menerapkan program                                       Company also continuously implements employee well-
employee well-being yang bertujuan untuk meningkatkan                                      being programs aimed at increasing employee engagement.
keterikatan karyawan. Perseroan percaya bahwa dengan                                       The Company believes that by creating a healthy and
menciptakan lingkungan kerja yang sehat dan sejahtera,                                     prosperous work environment, all employees are expected
seluruh karyawan diharapkan juga dapat berkontribusi secara                                to contribute maximally to increase productivity and support
maksimal sehingga dapat meningkatkan produktivitas dan                                     sustainable growth for the Company.
mendukung pertumbuhan berkelanjutan bagi Perseroan.

Dalam rangka memastikan terciptanya lingkungan kerja                                       To ensure a decent and safe working environment, the
yang layak dan aman, Perseroan menerapkan kebijakan                                        Company implements a Respectful Workplace Policy (RWP),
Respectful Workplace Policy (RWP), yang mengedepankan                                      which promotes mutual respect in the workplace. This policy
perilaku saling menghargai di tempat kerja. Kebijakan ini                                  aims to create an environment free from discrimination,
bertujuan untuk menciptakan lingkungan yang bebas dari                                     harassment, and violence, so that every employee feels safe
diskriminasi, pelecehan, dan kekerasan, sehingga setiap                                    and valued. By building a positive work culture, the Company
karyawan merasa aman dan dihargai. Dengan membangun                                        hopes to strengthen relationships between employees and
budaya kerja yang positif, Perseroan berharap dapat                                        create a work atmosphere that supports collaboration and
memperkuat hubungan antar karyawan dan menciptakan                                         innovation.
suasana kerja yang mendukung kolaborasi dan inovasi.



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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Saat ini, Perseroan telah memiliki Jasa Marga AKHLAK Space            Currently, the Company has Jasa Marga AKHLAK Space
(JMAS) sebagai fasilitas coworking space agar karyawan                (JMAS) as a coworking space facility so that employees can
dapat bekerja, berinovasi, dan berkolaborasi dengan optimal.          work, innovate, and collaborate optimally. In addition, The
Selain itu, Perseroan juga memiliki Roadster Sportivo (Sport,         Company also has Roadster Sportivo (Sport, Art, Interest,
Art, Interest, Activity & Community) yang merupakan wadah             Activity & Community), which is a forum for employees to
bagi karyawan dalam mengembangkan kegiatan olahraga,                  develop sports, arts, hobbies, activities, and communities
kesenian, hobi, aktivitas, dan komunitas yang terdiri dari            consisting of various clubs according to employee interests.
berbagai klub sesuai peminatan karyawan. Pada 13 Juni 2025,           On June 13, 2025, the Company inaugurated an indoor
Perseroan telah meresmikan sarana olahraga indoor sebagai             sports facility as a representative and comfortable place for
tempat yang representatif serta nyaman bagi karyawan                  employees to engage in sports activities, thereby providing
untuk melakukan aktivitas olahraga sehingga memberikan                a positive experience for employees and creating a healthy,
pengalaman positif bagi karyawan dan menciptakan                      productive, and sustainable work environment.
lingkungan kerja yang sehat, produktif, dan berkelanjutan.

Selain fasilitas pendukung, Perseroan juga telah                      Beyond supporting facilities, the Company has also
menyediakan program konseling, yaitu Rosela (Roadster                 provided a counselling programme called Rosela (Roadster
Assertiveness Counseling Program). Kegiatan konseling ini             Assertiveness Counselling Programme). This counseling
bertujuan untuk membantu karyawan dalam mempelajari                   initiative aims to help employees learn more constructive
cara yang lebih konstruktif dalam menangani kesehatan                 ways to manage mental health issues, both within and
mental yang terjadi, baik di dalam maupun di luar aktivitas           outside of work activities (burnout). It is hoped that this
kerja (burnout). Dengan program ini diharapkan mampu                  program will strengthen employee mental health, thereby
memperkuat kesehatan mental karyawan sehingga                         increasing productivity and creating a positive work
meningkatkan produktivitas serta menciptakan lingkungan               environment.
kerja yang positif.

Di samping itu, Perseroan juga menyambut talenta baru                 In addition, the Company also welcomes new talent
melalui program Rekrutmen Bersama BUMN dan campus                     through the Joint Recruitment Program for State-Owned
hiring sebagai bagian dari ekosistem Roadster Jasa Marga.             Enterprises and campus hiring as part of the Roadster
Perseroan meyakini bahwa regenerasi human capital                     Jasa Marga ecosystem. The Company believes that human
merupakan elemen strategis dalam menjaga kelincahan                   capital regeneration is a strategic element in maintaining
organisasi serta mendukung keberlanjutan kinerja dan                  organizational agility and supporting the Company’s
produktivitas Perseroan.                                              performance and productivity sustainability.




Strategi Pengelolaan Human Capital
Human Capital Management Strategy

Jasa Marga memandang human capital merupakan aspek                    Jasa Marga views human capital as an important aspect
penting yang menjadi fondasi keberhasilan Perseroan.                  that forms the foundation of the Company's success. To
Untuk mewujudkan hal ini, Perseroan menjalankan strategi              achieve this, the Company implements an human capital
pengelolaan human capital agar dapat mengembangkan                    management strategy to develop reliable, loyal, and
karyawan yang andal, loyal, dan kompeten sebagai karakter             competent employees as its main characteristics to support
utamanya agar dapat mendukung Perseroan dalam                         the Company in realizing its vision and mission amid the
mewujudkan visi dan misinya di tengah dinamika bisnis yang            ever-evolving business dynamics. Good and optimal human
terus berkembang. Pengelolaan human capital secara baik               capital management can also be one of the supporting
dan optimal juga dapat menjadi salah satu faktor pendukung            factors for the transformation to run well and in accordance
agar transformasi yang dijalankan dapat berjalan secara               with the Company's strategic direction.
baik dan sesuai dengan arahan strategis Perseroan.


Arsitektur Human Capital                                              Human Capital Architecture
Perseroan berupaya untuk memastikan pengelolaan human                 The Company strives to ensure that human capital
capital dapat berjalan dengan baik dengan membentuk                   management runs well by establishing a Human Capital
Arsitektur Human Capital. Arsitektur Human Capital                    Architecture. The Human Capital Architecture is a general
merupakan panduan umum dalam pengelolaan human                        guideline for human capital management for all employees
capital bagi seluruh karyawan di seluruh lingkungan                   throughout the Company and the Jasa Marga Group.
Perseroan maupun di Jasa Marga Grup.




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Main Performace Highlights   Management Report         Company Profile          Management Discussion and Analysis       Business Support Functions




Pembentukan Arsitektur Human Capital di Perseroan                         The establishment of Human Capital Architecture in
dilakukan berdasarkan Surat Edaran Menteri Badan                          the Company is based on the Minister of State-Owned
Usaha Milik Negara Nomor: SK-286/MBU/11/2024 tanggal                      Enterprises Circular Letter No. SK-286/MBU/11/2024 dated
28 November 2024 tentang Arsitektur Human Capital                         November 28, 2024, on the Human Capital Architecture of
Badan Usaha Milik Negara. Pembentukan Arsitektur Human                    State-Owned Enterprises. The establishment of the Human
Capital juga ditujukan agar Perseroan mampu beradaptasi                   Capital Architecture is also aimed at enabling the Company
dan mendukung implementasi strategi bisnis Perseroan ke                   to adapt and support the implementation of the Company’s
arah yang positif bagi kelangsungan usaha ke depan.                       business strategy in a positive direction for future business
                                                                          continuity.

Di tahun 2025, Perseroan telah melakukan pemutakhiran                     In 2025, the Company updated its Human Capital Architecture
Arsitektur Human Capital sebagai bentuk transformasi                      as part of its transformation towards better human capital
pengelolaan human capital yang lebih baik. Arsitektur                     management. Jasa Marga’s Human Capital Architecture was
Human Capital Jasa Marga ditetapkan berdasarkan                           established based on the Board of Directors Decree No.
Keputusan Direksi Nomor: 18/KPTS/2025 tanggal 17 Februari                 18/KPTS/2025 dated February 17, 2025, on Human Capital
2025 tentang Arsitektur Human Capital dan penyampaian                     Architecture and the submission of the decree through an
keputusan tersebut melalui nota dinas elektronik. Dalam                   electronic official memorandum. To establish consistency
rangka membangun keseragaman pengelolaan human                            in human capital management within Jasa Marga, this
capital di lingkungan Jasa Marga sehingga ketentuan                       regulation must be fully implemented across the entire
ini diimplementasikan secara utuh pada seluruh Jasa                       Jasa Marga Group without any reduction or addition to the
Marga Grup tanpa pengurangan atau penambahan atribut                      attributes of the Human Capital Architecture.
Arsitektur Human Capital.



                                                    Gambar Arsitektur Human Capital
                                                 Diagram of Human Capital Architecture




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




Arsitektur Human Capital Jasa Marga terdiri dari:                        The Human Capital Architecture of Jasa Marga consists of:




    4      Atribut Inti
           Core Attributes                           8      Atribut Pilar
                                                            Pillar Attributes                           5      Atribut Enabler
                                                                                                               Enabler Attributes

     1.   Purpose                                     1.   Organization Design &                        1.   HC Communication &
     2.   Core Values                                      Culture                                           Change Management
     3.   Value Proposition                           2.   Workforce Planning & Talent                  2.   HC Operating Model
     4.   Business Strategy – HC                           Acquisition                                  3.   HC Team Capability
          Strategy                                    3.   Learning & Capability                        4.   HC Governance
                                                           Development                                  5.   HC Technology & People
                                                      4.   Talent & Career Management                        Analytics
                                                      5.   Leadership Development &
                                                           Succession
                                                      6.   Performance Management
                                                      7.   Compensation & Benefit
                                                           Management
                                                      8.   Employee &
                                                           Industrial
                                                           Relations




Target dan Rencana Direktorat Human                                      Human Capital & Transformation
Capital & Transformasi                                                   Directorate Targets and Plans
Dalam rangka memastikan pengelolaan human capital                        To ensure that human capital management runs according
berjalan sesuai dengan rencana, Perseroan telah menetapkan               to plan, the Company has set several targets, specifically for
sejumlah target, khususnya bagi Direktorat Human Capital &               the Human Capital & Transformation Directorate in the form
Transformasi dalam bentuk Key Performance Indicator (KPI)                of Directorate Key Performance Indicators (KPIs) for 2025,
Direktorat pada tahun 2025, yaitu:                                       namely:

KPI Direktorat:                                                          Directorate KPIs:
1. ESG Rating.                                                           1. ESG Rating.
2. Transformasi Jasa Marga menjadi Tollroad Investment                   2. Jasa Marga Transformation into a Toll Road Investment
    Company.                                                                 Company.
3. Human Capital Transformation.                                         3. Human Capital Transformation.
4. Pemenuhan Talent Mobility.                                            4. Talent Mobility Fulfillment.
5. Evaluasi Implementasi Program Employee Well-Being.                    5. Evaluation     of    Employee  Well-Being     Program
                                                                             Implementation.
6. Pemenuhan Data pada Portal HC BUMN.                                   6. Data Compliance on the HC BUMN Portal.
7. Pelaksanaan     ICoFR    tahap    Perancangan        dan              7. Design and Implementation Phase of ICoFR
   Implementasi.                                                             Implementation.
8. Penyelesaian Tindak Lanjut Audit dari Pihak Internal dan              8. Completion of Follow-up Actions from Internal and
   Eksternal.                                                                External Audits.

KPI Unit Kerja:                                                          Work Unit KPIs:
1. Pengembangan Kebijakan Organisasi dan Human                           1. Development of Organizational and Human Capital
    Capital.                                                                Policies.
2. Employee Engagement.                                                  2. Employee Engagement.
3. Implementasi Milestone RJPP 2025-2029.                                3. RJPP 2025-2029 Milestones Implementation.
4. Implementasi ESG Sesuai Roadmap Tahun 2025.                           4. ESG Implementation in accordance with the 2025
                                                                            Roadmap.




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Main Performace Highlights   Management Report     Company Profile           Management Discussion and Analysis       Business Support Functions




Pengembangan Organisasi
Organizational Development

Sejak tahun 2019, Perseroan menginisiasi revitalisasi                 Since 2019, the Company has initiated organizational
organisasi melalui pembagian tiga peran dan tanggung                  revitalization through the division of three roles and
jawab dengan skema Asset Owner (AO), Asset Manager                    responsibilities under the Asset Owner (AO), Asset Manager
(AM), dan Service Provider (SP). Penataan organisasi                  (AM), and Service Provider (SP) scheme. The organizational
ditujukan agar tercipta kelincahan organisasi, optimalisasi           restructuring is aimed at creating organizational agility,
fungsi peran, dan efisiensi.                                          optimizing role functions, and improving efficiency.

1. Asset Owner, pada dasarnya merupakan holding                       1.   The Asset Owner, essentially a holding investment,
   investment, berperan sebagai penentu visi, misi, dan                    serves as the determinant of vision, mission, and
   strategi dan juga mengoptimalkan portofolio bisnis                      strategy, and also optimizes the Company's business
   Perseroan dengan berbagai macam skema aksi                              portfolio through various corporate action schemes.
   korporasi.
2. Asset Manager, berperan mengelola anak perusahaan                  2. The Asset Manager manages subsidiaries in the toll road
   pada lini bisnis konsesi jalan tol untuk memastikan tingkat           concession business line to ensure the level of return
   pengembalian yang diharapkan oleh Asset Owner.                        expected by the Asset Owner.
3. Service Provider, berperan menyediakan layanan                     3. Service Provider, plays a role in providing toll road
   pengoperasian dan preservasi jalan tol serta pengelolaan              operation and preservation services as well as
   bisnis prospektif baik di lingkungan Jasa Marga Grup                  prospective business management both within and
   maupun luar Jasa Marga Grup.                                          outside the Jasa Marga Group.

Agar transformasi organisasi berjalan selaras dengan                  To ensure organizational transformation aligns with the
arahan strategis Perseroan yang tertuang dalam RJPP, maka             Company's strategic direction as outlined in the RJPP, the
pengelolaan efektivitas organisasi yang telah dilakukan               organizational effectiveness initiatives carried out in 2025
pada tahun 2025 yaitu:                                                include the following:
1. Implementasi Shared Services                                       1. Implementation of Shared Services
   Implementasi perjanjian layanan bersama pada bagian                    Implementation of shared service agreements in
   pengadaan, hukum, dan teknologi informasi di beberapa                  procurement, legal, and information technology
   Anak Perusahaan.                                                       departments across several Subsidiaries.
2. Kajian Organisasi berdasarkan PER/02/MBU/03/2023                   2. Organizational         Review     based      on   PER/02/
                                                                          MBU/03/2023
   Perseroan telah menyusun kajian Perubahan Struktur                     The Company has prepared a study on Macro and Micro
   Organisasi baik Makro maupun Mikro sebagai dampak                      Organizational Structure Changes as a result of PER/02/
   dari PER/02/MBU/03/2023 tanggal 03 Maret 2023 perihal                  MBU/03/2023 dated March 3, 2023, on Guidelines
   Pedoman Tata Kelola dan Kegiatan Korporasi Signifikan                  for Corporate Governance and Significant Corporate
   BUMN, terhadap Struktur Organisasi Perseroan, beserta                  Activities of SOEs, on the Company's Organizational
   dampak kebutuhan biayanya. Prioritas pemenuhan Organ                   Structure, along with the impact on cost requirements.
   Pengelola Risiko di Anak Perusahaan fokus pada Service                 The priority for fulfilling the Risk Management Body in
   Provider (JMTO, JMTM, dan JMRB) serta subholding                       the Subsidiary focuses on Service Providers (JMTO,
   PT JTT. Kajian pemenuhan organ pengelola risiko Anak                   JMTM, and JMRB) and PT JTT subholding. The study on
   Perusahaan dilaksanakan mengacu pada penetapan                         fulfilling the risk management body of the Subsidiary is
   kategori dan klasifikasi risiko Anak Perusahaan yang                   carried out with reference to the latest categories and
   terbaru sesuai kajian penyesuaian kriteria pada tahun                  classifications of Subsidiary risks in accordance with the
   2025.                                                                  2025 criteria adjustment study.
3. Dukungan Penyusunan Desain ICOFR                                   3. Support for the Development of the ICOFR Design
   Membentuk dan menetapkan Unit Organisasi Internal                      Establishing and determining the Internal Control
   Control Department di bawah RQM sebagai lini-2 fungsi                  Department Organizational Unit under RQM as the
   ICOFR berdasarkan Surat Keputusan Direksi No. 19/                      second line of ICOFR functions based on Board of
   KPTS/2025 tanggal 19 Februari 2025 tentang Perubahan                   Directors Decree No. 19/KPTS/2025 dated February 19,
   Ketiga Struktur Organisasi dan Uraian Jabatan Kantor                   2025, on the Third Amendment to the Organizational
   Pusat, penegasan uraian jabatan Unit Audit Internal                    Structure and Job Descriptions of the Head Office,
   sebagai Lini Ketiga fungsi ICOFR, pembentukan Tim                      confirming the Internal Audit Unit’s job description as
   Task Force dan Tim Counterpart untuk mendampingi                       the Third Line of the ICOFR function, establishing a Task
   pekerjaan desain dan implementasi ICOFR, serta                         Force Team and Counterpart Team to assist with the
   penyelarasan penataan fungsi human capital di Kantor                   design and implementation of ICOFR, and harmonising
   Pusat dan Regional.                                                    the structuring of human capital functions at Head
                                                                          Office and Regional Offices.




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




4. Penyetaraan Grading Struktural Anak Perusahaan                     4. Equivalence of Structural Grading of Subsidiaries
   Penyesuaian struktur organisasi dilakukan dengan                      The organizational structure was adjusted by completing
   melengkapi organ pengelola risiko dan menyusun kajian                 the risk management function and preparing a grading-
   penyetaraan grading bagi karyawan penugasan di                        equivalency assessment for assigned employees in
   Anak Perusahaan yang menduduki jabatan struktural,                    Subsidiaries who hold structural positions, through the
   melalui perubahan remunerasi dari Fungsional menjadi                  change in remuneration from Functional to Structural
   Struktural berdasarkan bobot evaluasi jabatan, langkah                based on job-evaluation weighting, this initiative
   ini bertujuan menciptakan kesetaraan dan mengurangi                   aims to create equity and reduce disparities between
   kesenjangan antara pejabat struktural di Induk dan di                 structural officials in the Parent Company and those in
   Anak Perusahaan.                                                      the Subsidiaries.
5. Kajian Area of Expertise                                           5. Area of Expertise Study
   Melakukan penyusunan kajian Area of Expertise di bidang               Conducting an Area of Expertise study in the Core fields
   Core Operation, Engineering, Information Technology),                (Operation, Engineering, Information Technology), as
   serta kajian Area of Expertise untuk bidang Supporting                well as an Area of Expertise study for the Supporting
   guna menciptakan career path baru bagi karyawan yang                  fields, to create new career paths for employees who
   memang memiliki keahlian spesifik.                                    have specific expertise.
6. Penyusunan Work Load Analysis (WLA)                                6. Work Load Analysis (WLA)
   Melakukan pengkinian kajian WLA untuk unit kerja di                   Updating WLA studies for work units in the Company and
   Perseroan maupun Anak Perusahaan sebagai tindak                       Subsidiaries as a follow-up to organizational structure
   lanjut dari perubahan struktur organisasi, pelaksanaan                changes, the implementation of shared services, and
   shared services, dan implementasi tata kelola                         the implementation of integrated governance.
   terintegrasi.
7. Perubahan Pembagian Tugas & Kewenangan Direksi                     7.  Changes in the Division of Duties & Authorities of the
                                                                          Board of Directors
    Melakukan penyesuaian Direktorat yang melakukan                       Adjusting the Directorate responsible for corporate
    pengendalian korporasi terkait ruas JMJ dan JPB                       control over the JMJ and JPB routes in operation, and
    yang beroperasi, serta menetapkan Keputusan Direksi                   issuing Board of Directors Decree No. 40/KPTS/2025
    Nomor: 40/KPTS/2025 tanggal 15 April 2025 tentang                     dated April 15, 2025, on the Third Amendment to Board
    Perubahan Ketiga atas Keputusan Direksi Nomor: 09/                    of Directors Decree No. 09/KPTS/2022 dated January
    KPTS/2022 tanggal 31 Januari 2022 tentang Pembagian                   31, 2022, on the Division of Duties and Authorities of the
    Tugas dan Wewenang Direksi.                                           Board of Directors.
8. Perubahan Struktur Organisasi berdasarkan RJPP                     8. Organizational Structure Changes based on the 2025-
    2025-2029                                                             2029 RJPP
    Melakukan review organisasi makro dengan unit terkait                 Conducting a macro organizational review with
    untuk penyesuaian arahan strategi bisnis sesuai dengan                relevant units to align business strategy directives with
    arahan dari Danantara.                                                Danantara's guidance.
9. Perubahan Struktur Organisasi Makro                                9. Macro Organizational Structure Changes
    Menyesuaikan organisasi makro di lingkungan Jasa                      Adjusting the macro organization within Jasa Marga
    Marga sesuai dengan ketetapan RUPS.                                   following the GMS provisions.
10. Perubahan Struktur Organisasi Mikro                               10. Micro Organizational Structure Changes
    Melakukan review struktur organisasi dan uraian                       Conducting a review of the organizational structure and
    jabatan di Kantor Pusat dan Regional sesuai dengan                    job descriptions at the Head Office and Regional Offices
    yang ditetapkan oleh Direksi dan arahan konsultan                     per the provisions of the Board of Directors and the
    independen.                                                           guidance of independent consultants.
11. Penataan Organisasi Anak Perusahaan                               11. Subsidiaries Organizational Restructuring
    Penyesuaian struktur organisasi terkait dengan                        Adjusting the organizational structure in relation to the
    pemenuhan organ pengelola risiko di JMTM dan JMRB,                    fulfillment of risk management bodies at JMTM and
    serta review struktur organisasi di JSB.                              JMRB, as well as reviewing the organizational structure
                                                                          at JSB.
12. Penataan Organisasi Lainnya                                       12. Other Organizational Restructuring
    Melakukan penataan organisasi lainnya dengan                          Conducting other organizational restructuring by
    menyusun SK perubahan ketiga kelompok dan                             drafting a decree on changes to the third group and
    stratifikasi jabatan akibat perubahan struktur organisasi             job stratification due to changes in the organizational
    Kantor Pusat.                                                         structure of the Head Office.




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Main Performace Highlights   Management Report           Company Profile            Management Discussion and Analysis       Business Support Functions




Manajemen Human Capital
Human Capital Management

Perseroan meyakini bahwa pengelolaan human capital                           The Company believes that human capital management is
merupakan kunci dalam pencapaian tujuan Perseroan.                           key to achieving its objectives. To ensure this, the Company
Dalam memastikan hal tersebut, Perseroan memerlukan                          requires a comprehensive and sustainable HR management
adanya pola pengelolaan human capital yang komprehensif                      system. To that end, the Company has implemented a
dan berkesinambungan. Untuk itu, Perseroan telah memiliki                    talent management program as part of its human capital
program talent management sebagai bagian pembaruan                           management renewal through a series of interrelated
manajemen human capital melalui serangkaian proses yang                      processes as stipulated in Board of Directors Decree No. 13/
saling berkaitan sebagaimana ditetapkan dalam Keputusan                      KPTS/2021 dated February 16, 2021 on Talent Management,
Direksi Nomor 13/KPTS/2021 tanggal 16 Februari 2021                          which was last amended based on the Board of Directors
tentang Talent Management yang telah terakhir diubah                         Decree of PT Jasa Marga (Persero) Tbk No. 151/KPTS/2024
berdasarkan Keputusan Direksi PT Jasa Marga (Persero)                        dated July 29, 2024. The process begins with employee
Tbk Nomor 151/KPTS/2024 tanggal 29 Juli 2024. Proses                         recruitment and continues until the employee enters
tersebut dimulai dari rekrutmen karyawan hingga karyawan                     retirement.
memasuki masa purnabakti.

Dalam program talent management, Perseroan senantiasa                        In the talent management program, the Company always
menjunjung prinsip equality, inclusive, dan fairness dalam                   upholds the principles of equality, inclusiveness, and fairness
rangka mengembangkan karier seluruh karyawan dengan                          to develop careers for all employees while still paying
tetap memperhatikan perkembangan kinerja/pemenuhan                           attention to the development of employee performance/
KPI karyawan, tingkat pendidikan, serta kompetensi                           KPI fulfillment, education levels, and the competencies of
tiap individu yang mengacu kepada kompetensi Badan                           each individual in accordance with the competencies of the
Pengatur BUMN (BP BUMN). Seluruh karyawan didorong                           State-Owned Enterprises Regulatory Agency (BP BUMN). All
untuk terus mengerahkan kinerja terbaiknya agar dapat                        employees are encouraged to continue to perform at their
menduduki posisi yang lebih tinggi. Hal ini juga didukung                    best to occupy higher positions. This is also supported by
dengan implementasi program employee development yang                        the implementation of the employee development program,
mengharuskan pimpinan melakukan coaching terhadap                            which requires leaders to conduct coaching for all members
seluruh anggota timnya.                                                      of their team.

Ruang lingkup talent management terdiri dari talent                          The scope of talent management includes talent acquisition,
acquisition, talent classification, talent development, talent               talent classification, talent development, talent mobility, and
mobility, dan talent retention dimana dalam pelaksanaanya                    talent retention, where the talent committee plays a role in
terdapat peran talent committee sebagaimana gambar                           its implementation, as shown in the following diagram:
berikut:

                                                  Gambar Alur Proses Talent Management
                                                 Flow Chart of Talent Management Process




                                                                               Talent
                                                                            Classification
                                                   Talent
                                                 Acquisition




                                                                   Talent
                                                                 Committee                 Talent
                                                                                        Development

                                             Talent
                                            Retention



                                                                       Talent
                                                                       Mobility




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Talent Acquisition                                                    Talent Acquisition
Talent acquisition bertujuan untuk mendapatkan talent                 Talent acquisition aims to acquire talent for the Company
Perseroan dengan pendekatan strategis dalam mengenali,                through a strategic approach in identifying, attracting, and
menarik, dan mengorientasi Individu berbakat yang sesuai              orienting talented individuals who fit the Company’s culture.
dengan budaya Perseroan. Penerapan talent acquisition                 The implementation of talent acquisition aims to meet the
bertujuan untuk dapat memenuhi kebutuhan bisnis                       Company’s dynamic business needs as stipulated in Board
Perseroan yang dinamis yang telah ditetapkan dalam Surat              of Directors Decree No. 21/KPTS/2019 dated February 14,
Keputusan Direksi Nomor 21/KPTS/2019 tanggal 14 Februari              2019, as last amended by Board of Directors Decree No. 69/
2019 sebagaimana terakhir diubah dengan Keputusan                     KPTS/2025 dated May 28, 2025.
Direksi Nomor 69/KPTS/2025 tanggal 28 Mei 2025.

Dalam rangka menyiapkan human capital yang dibutuhkan                 To prepare the human capital needed to support
untuk menunjang pertumbuhan organisasi dalam mencapai                 organizational growth in achieving its vision and mission,
visi dan misi, Jasa Marga melakukan kajian terkait rencana            Jasa Marga conducted a study related to the planned human
kebutuhan human capital (capacity planning) dengan                    capital requirements (capacity planning) by considering the
mempertimbangkan arah pengembangan bisnis jangka                      direction of long-term business development, productivity,
panjang, produktivitas, kapasitas dan kapabilitas. Adapun             capacity, and capabilities. The factors that influence
faktor-faktor yang mempengaruhi Capacity Planning                     Capacity Planning are as follows:
sebagai berikut:
1. Faktor Internal, berupa arahan strategis Perseroan                 1. Internal Factors, in the form of strategic directions
     baik dari lini bisnis konsesi jalan tol, bisnis pendukung           from the Company, both from the toll road concession
     pengoperasian jalan tol, dan bisnis prospektif, serta               business line, the toll road operation support business,
     analisis human capital peningkatan kemampuan di bidang              and prospective businesses, as well as human capital
     perencanaan dan pengembangan, bidang operasional                    analysis to improve capabilities in the fields of planning
     dan preservasi jalan tol, pengembangan bisnis di bidang             and development, toll road operations and preservation,
     TI dan Human Capital, untuk meningkatkan peran                      business development in the fields of IT and human
     strategis Asset Owner yang tergambarkan melalui hasil               capital, to enhance the strategic role of the Asset Owner,
     kajian WLA.                                                         as illustrated by the results of the WLA study.
2. Faktor Eksternal, berupa peraturan dan kebijakan dari              2. External factors include regulations and policies from
     Kementerian terkait, Aspirasi Pemegang Saham untuk                  relevant ministries, shareholder aspirations for the
     RKAP Tahun 2025, dan perkembangan/disrupsi teknologi                2025 Business Plan, and technological developments/
     di antaranya dengan adanya rencana penerapan                        disruptions, including plans to implement a new
     teknologi sistem transaksi yang baru.                               transaction system technology.

Pemenuhan kebutuhan human capital dilakukan melalui                   Human capital needs are met through the recruitment of
rekrutmen karyawan baru, baik fresh graduate maupun                   new employees, including fresh graduates and experienced
tenaga pengalaman. Unit Kerja Human Capital Development               personnel. Human Capital Development Group conducts an
Group melakukan evaluasi Human Capital Capacity Planning              evaluation of Human Capital Capacity Planning for the 2025-
untuk periode 2025-2029, sehingga menghasilkan output                 2029 period, resulting in output that is used as a reference
yang digunakan untuk acuan rekrutmen (Talent Acquisition)             for recruitment (Talent Acquisition) in 2025 to accommodate
di tahun 2025 untuk mengakomodir kebutuhan pemenuhan                  the need to fulfill new capacities and skills, as well as the
kapasitas dan keterampilan baru, serta penataan human                 restructuring of human capital in the form of a competency
capital berupa program shifting competency dan Program                shifting program and a Voluntary Early Retirement Program
Pensiun Dini Sukarela (PDS) untuk keterampilan yang                   (PDS) for skills affected by technological changes.
terdampak adanya perubahan teknologi.

Di tahun 2025, Perseroan membentuk Tim Rekrutmen dan                  In 2025, the Company formed an Employee Recruitment and
Seleksi Karyawan sebagaimana ditetapkan dalam Keputusan               Selection Team as stipulated in Board of Directors Decree
Direksi Nomor: 24/KPTS/2025 tentang Pembentukan Tim                   No. 24/KPTS/2025 on the Formation of the 2025 Employee
Rekrutmen dan Seleksi Karyawan Tahun 2025 tanggal 24                  Recruitment and Selection Team dated February 24, 2025.
Februari 2025. Rekrutmen di Perseroan dilakukan melalui               Recruitment at the Company is carried out through the SOE
Program Rekrutmen Bersama BUMN maupun bekerja sama                    Joint Recruitment Program and in collaboration with various
dengan berbagai perguruan tinggi di Indonesia. Kebijakan              universities in Indonesia. The Company’s recruitment
program rekrutmen Perseroan adalah membuka kesempatan                 program policy is to open up broad opportunities by
luas dengan melakukan rekrutmen dari seluruh wilayah                  recruiting from all regions of Indonesia.
Indonesia.

Adapun program rekrutmen Perseroan dilakukan melalui 2                The Company’s recruitment program is conducted through 2
(dua) jalur, yaitu:                                                   (two) channels, namely:
1. Management Trainee                                                 1. Management Trainee
   Ditujukan untuk mendapatkan high capacity talent dalam                Aimed at securing high-capacity talent to ensure
   rangka memastikan ketersediaan talent (talent pipeline)               the availability of a talent pipeline with specialized
   dengan spesialisasi kompetensi khusus dan diharapkan                  competencies, with the expectation that they will
   dapat menjadi calon pemimpin eksekutif Perseroan.                     become future executive leaders of the Company.


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Ikhtisar Kinerja Utama       Laporan Manajemen    Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report    Company Profile          Management Discussion and Analysis       Business Support Functions




2. Professional Hire                                                 2. Professional Hire
   Dilaksanakan untuk mendapatkan tenaga kerja                          Implemented to obtain professional workers in their
   profesional di bidangnya dan memiliki kompetensi                     respective fields who possess specific competencies in
   khusus sesuai dengan kebutuhan Perseroan.                            line with the Company’s needs.

Pada tahun 2025, Perseroan telah melakukan proses                    In 2025, the Company recruited 39 people through
rekrutmen sebanyak 39 orang melalui program Rekrutmen                the 2025 SOE Joint Recruitment (RBB) Program. The
Bersama BUMN (RBB) Tahun 2025. Proses rekrutmen                      recruitment process took place from March to June 2025.
berlangsung pada bulan Maret sampai dengan bulan Juni                The recruitment process began with candidate registration
2025. Proses rekrutmen dimulai dari tahap registrasi kandidat        and job applications, followed by a Basic Competency Test
dan job apply, Tes Kompetensi Dasar (TKD), tes AKHLAK,               (TKD), AKHLAK test, national insight test, English test, Field
wawasan kebangsaan, tes Bahasa Inggris, Tes Kemampuan                Competency Test (TKB), interviews, and medical tests.
Bidang (TKB), wawancara dan tes kesehatan. Saat ini,                 Currently, participants who have passed the recruitment and
peserta lolos rekrutmen dan seleksi dari program RBB sedang          selection process from the RBB program are participating in
mengikuti program Learning Journey di Perseroan selama 6             a 6 (six) month Learning Journey program at the Company.
(enam) bulan. Guna memenuhi jumlah kebutuhan karyawan                To meet the number of employees needed in 2025, the
tahun 2025, Perseroan juga akan melakukan rekrutmen dan              Company will also conduct recruitment and selection
seleksi melalui campus hiring yang bekerja sama dengan               through campus hiring in collaboration with various domestic
berbagai universitas dalam negeri.                                   universities.

Selain itu, Perseroan juga telah melakukan rekrutmen dan             In addition, the Company has recruited and selected
seleksi karyawan disabilitas melalui program RBB Kategori            employees with disabilities through the 2025 RBB Disability
Disabilitas Tahun 2025 yang dimulai pada bulan Maret sampai          Category program, which ran from March to May 2025. The
dengan Mei 2025. Proses rekrutmen dan seleksi dilakukan              recruitment and selection process began with registration
mulai tahap registrasi dan job apply, Tes Kompetensi dasar           and job applications, followed by basic competency tests
(TKD), tes AKHLAK, tes wawasan kebangsaan, tes Bahasa                (TKD), AKHLAK tests, national insight tests, English tests,
Inggris, Learning Agility, Tes Kemampuan Bidang (TKB) dan            learning agility tests, field competency tests (TKB), and
tes kesehatan. Melalui proses tersebut, hasil lolos rekrutmen        health tests. Through this process, 4 (four) people passed
dan seleksi untuk karyawan kategori disabilitas Perseroan            the recruitment and selection process for the Company’s
adalah 4 (empat) orang. Namun terdapat 2 (dua) orang yang            disability category employees. However, 2 (two) individuals
mengundurkan diri dari proses offering letter, sehingga              withdrew from the offering letter process, so the Company
saat ini Perseroan memperoleh 2 (dua) karyawan disabilitas           currently has 2 (two) new employees with disabilities. To
baru. Untuk memenuhi kebutuhan yang belum terpenuhi,                 meet the unmet needs, the Company will conduct additional
Perseroan akan melakukan penambahan rekrutmen dan                    recruitment and selection of employees with disabilities in
seleksi karyawan disabilitas pada tahun 2026 sebanyak 2              2026 for 2 (two) individuals.
(dua) orang.

Guna memberikan perlindungan dokumen karyawan baru                   To protect the documents of new employees and prevent
dan larangan diskriminasi dalam proses rekrutmen, telah              discrimination in the recruitment process, a review has
dilakukan review terhadap pengaturan kebijakan Talent                been conducted on the policy regulations of the Talent
Acquisition yaitu dengan diterbitkannya KPTS Direksi                 Acquisition Department, as evidenced by the issuance of
Nomor 69/KPTS/2025 tentang Perubahan Kedua Atas                      the Board of Directors Decree No. 69/KPTS/2025 regarding
Keputusan Direksi Nomor 21/KPTS/2019 yang mengatur                   the Second Amendment to Board of Directors Decree No. 21/
tentang larangan penahanan ijazah dalam proses ikatan                KPTS/2019, which regulates the prohibition of withholding
dinas karyawan serta larangan diskriminasi baik dari                 diplomas during the employment contract process and
sumber rekrutmen maupun usia. Hal tersebut telah diatur              the prohibition of discrimination based on recruitment
dalam Surat Edaran Menteri Ketenagakerjaan Republik                  sources or age. This has been regulated in the Minister of
Indonesia Nomor M/5/HK.04.00/V/2025, Perseroan dilarang              Manpower Circular Letter No. M/5/HK.04.00/V/2025, which
mensyaratkan dan/atau menahan ijazah dan/atau dokumen                states that companies are prohibited from requiring and/or
pribadi milik karyawan sebagai jaminan untuk bekerja. Selain         withholding diplomas and/or personal documents belonging
itu, larangan diskriminasi dalam proses rekrutmen baik dari          to employees as collateral for employment. In addition, the
sumber rekrutmen ataupun usia diatur dalam Undang-                   prohibition of discrimination in the recruitment process,
Undang Republik Indonesia Nomor 1 Tahun 2025 tentang                 both in terms of recruitment sources and age, is regulated in
Perubahan Ketiga atas Undang-Undang Nomor 19 Tahun                   Law No. 1 of 2025 on the Third Amendment to Law No. 19 of
2003 Tentang Badan Usaha Milik Negara serta Surat Edaran             2003 on State-Owned Enterprises, as well as the Minister’s
Menteri Nomor M/6/HK.04/V/2025 tentang Larangan                      Circular Letter No. M/6/HK.04/V/2025 on the Prohibition of
Diskriminasi dalam Proses Rekrutmen Tenaga Kerja.                    Discrimination in the Recruitment Process of Workers.


Talent Classification                                                 Talent Classification
Talent classification merupakan proses pengklasifikasian             Talent classification is the process of classifying employees
karyawan ke dalam 5 (lima) klasifikasi, yaitu Road Runner,           into 5 (five) classifications: Road Runner, Promotable,
Promotable, Sleeping Tiger, Solid Contributor, dan Unfit             Sleeping Tiger, Solid Contributor, and Unfit, which aims
yang bertujuan untuk menetapkan pola pengembangan                    to determine employee development patterns, employee



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Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




karyawan, frekuensi mobilitas karyawan dan pemberian                        mobility frequency, and retention programs. In its
program retensi. Dalam pelaksanaannya, Talent Committee                     implementation, the Talent Committee is assisted by the
dibantu oleh Human Capital Business Partner (HCBP) dalam                    Human Capital Business Partner (HCBP) in considering
mempertimbangkan kapasitas dan kinerja karyawan.                            employee capacity and performance.

                                Gambar Talent Classification berdasarkan Kapasitas dan Kinerja Karyawan
                              Diagram of Talent Classification based on Employee Capacity and Performance


                                                                                                    Road
                                                                                                   Runner

                                                               Sleeping
                                                                 Tiger               Pr
                                                                                       om
                                                                                          ot
                                                                                            ab
                                                                                              le

                                                Capacity




                                                                 Unfit            Solid Contributor




                                                                          Performance




Talent Development                                                          Talent Development
Talent development merupakan salah satu lingkup                             Talent development is one of the areas of talent management
talent management yang bertujuan untuk meningkatkan                         aimed at enhancing employee capacity by applying digital
kapasitas karyawan dengan menerapkan konsep digital                         concepts through active learning via JM Click and based
melalui pembelajaran aktif JM Click serta berdasarkan                       on the Learning Academy. The implementation of talent
Learning Academy. Pelaksanaan talent development                            development considers talent classification, initiatives
mempertimbangkan talent classification, inisiatif dari talent               from the relevant talent, and is communicated through
yang bersangkutan dan disampaikan melalui komunikasi                        discussions with management. The preferred effectiveness
dengan pimpinan. Preferensi efektivitas model learning and                  model for learning and development is as follows:
development, sebagai berikut:
1. Pembelajaran dan pengembangan melalui pengalaman.                        1. Learning and development through experience.
2. Pembelajaran dan pengembangan melalui sesama.                            2. Learning and development through peers.
3. Pembelajaran dan pengembangan melalui sumber formal.                     3. Learning and development through formal sources.

Dari aspek pengembangan talent, dilakukan pengembangan                      From the talent development aspect, talent development
talent sesuai dengan klasifikasi talent yang dimiliki oleh                  is carried out in accordance with the talent classification
individu. Untuk pengembangan talent dengan klasifikasi                      possessed by individuals. For the development of talent
Road Runner, Perseroan memberikan program penugasan                         with the classification Road Runner, the Company
dan akselerasi ke pekerjaan yang lebih menantang serta                      provides assignment and acceleration programs to more
dilakukannya kegiatan cross mentoring. Untuk program                        challenging jobs as well as cross mentoring activities. For
pengembangan talent pada semua kelas klasifikasi                            the development program talent in all classification classes,
talent, diberikan program pembelajaran dengan berbagi                       a learning program is provided by sharing experiences with
pengalaman dengan karyawan lain serta dilakukan coaching                    other employees, as well as coaching and mentoring on the
dan mentoring pada aplikasi JM Click.                                       JM Click app.


Talent Mobility                                                             Talent Mobility
Talent mobility merupakan mekanisme perpindahan/mutasi                      Talent mobility is a mechanism for transferring/relocating
karyawan dari posisi saat ini ke posisi lainnya dalam rangka                employees from their current positions to other positions
pengembangan kapasitas dan memperkaya pengalaman                            for the purpose of capacity building and enriching their
yang disusun sesuai dengan klasifikasinya.                                  experience, structured according to their classification.


Talent Retention                                                            Talent Retention
Bentuk penghargaan atau apresiasi Perseroan terhadap                        Forms of recognition or appreciation from the Company
talent, baik berupa special development program, reward,                    towards talent, such as special development programs,
accelerated mobility atau special assignment dan lain-lain.                 rewards, accelerated mobility, special assignments, and
                                                                            others.


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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Pengembangan Karyawan
Employee Development

Kebijakan Learning and Development                                  Learning and Development Policy
Dalam rangka memastikan karyawan memiliki kapabilitas               In order to ensure that employees have the capabilities and
dan kapasitas yang selaras dengan kebutuhan organisasi              capacities that are in line with the organization’s needs in
dalam menghadapi dinamika bisnis, Perseroan menetapkan              facing business dynamics, the Company has established
kebijakan Learning and Development sebagai bagian dari              a Learning and Development policy as part of its talent
lingkup talent management. Program pengembangan                     management environment. This development program is
ini dirancang untuk meningkatkan daya saing karyawan                designed to continuously improve employee competitiveness
secara berkelanjutan sehingga mampu mendorong                       so as to drive the growth of individual performance and
pertumbuhan kinerja individu maupun Perseroan secara                the Company as a whole. Employee development through
keseluruhan. Pengembangan karyawan melalui learning and             learning and development is aimed at ensuring that the
development ini ditujukan agar karyawan Perseroan memiliki          Company’s employees are highly competitive to drive their
daya saing tinggi guna mendorong pertumbuhan kinerjanya.            performance growth. Employee competency development
Pengembangan kompetensi karyawan tersebut dilakukan                 is carried out by applying digital concepts through active
dengan menerapkan konsep digital melalui pembelajaran               learning on the Human Capital Management Integrated
aktif pada Human Capital Management Integrated System               System (JM Click) and based on the Company’s Learning
(JM Click) serta berdasarkan kepada Learning Academy                Academy. The 2025 Talent Development Management is
di Perseroan. Pengelolaan Talent Development tahun                  themed “Enhancing Business Portfolio” to create business
2025 bertemakan Enhancing Business Portfolio untuk                  acceleration through high-performing tools in the Industry
menciptakan akselerasi bisnis melalui high performing toll          4.0 era.
era industry 4.0.

Di tahun 2025, program pelatihan prioritas korporasi                In 2025, the corporation’s priority training program focused
menyasar pada akselerasi kompetensi karyawan di berbagai            on accelerating employee competencies in various fields.
bidang. Program sesuai kebutuhan bisnis yang berdasarkan            Programs tailored to business needs based on the learning
learning academy (Project Development, Technological                academy (Project Development, Technological Innovation,
Innovation, Leadership Development, Operational Services,           Leadership Development, Operational Services, Business
Business Support) juga tetap dilakukan. Untuk akselerasi            Support) also continued to be implemented. To accelerate
peningkatan kompetensi karyawan, program pengembangan               employee competency improvement, the development
juga difokuskan pada program sertifikasi dan beasiswa di            program also focused on certification and scholarship
tahun 2025.                                                         programs in 2025.

Adapun program yang telah dijalankan oleh Perseroan                 The programs that have been implemented by the Company
sepanjang tahun 2025, antara lain:                                  throughout 2025 include:
1. Program Pelatihan di Bidang Data Analytic yang                   1. Training Programs in Data Analytics aimed at both
   ditujukan untuk karyawan Operasional maupun Non                      Operational and Non-Operational employees, such
   Operasional, seperti Pelatihan Basic & Intermediate                  as Basic & Intermediate MS Office and Excel Training,
   MS Office dan Excel, business intelligence dashboard,                business intelligence dashboard, Power BI, IT Audit,
   Power BI, Audit IT, Training SAP/SAC, sertifikasi data               SAP/SAC Training, data center professional certification,
   center professional, sertifikasi information system                  information system auditor certification, and others.
   auditor, dan lainnya.
2. Program Sertifikasi meliputi Program Sertifikasi di              2. Certification Programs include Certification Programs
   bidang Human Capital, K3, konstruksi, internal audit,               in the fields of Human Capital, K3, construction,
   risiko, IT, data center, legal, GRC, pemberdayaan                   internal audit, risk, IT, data centers, legal, GRC,
   masyarakat, sustainability, public private partnership              community empowerment, sustainability, public-private
   (PPP), marketing, dan bidang procurement.                           partnerships (PPP), marketing, and procurement.
3. Program pelatihan dan sertifikasi baik bagi organ                3. Training and certification programs for risk management
   pengelola risiko maupun risk owner, risk officer dan                bodies, as well as risk owners, risk officers, and risk
   risk assesor di induk maupun anak Perusahaan sebagai                assessors at the parent company and subsidiaries, as
   bentuk komitmen untuk meningkatkan kapabilitas di                   a form of commitment to improving capabilities in the
   bidang risiko. Program ini bertujuan untuk memastikan               field of risk. This program aims to ensure effective
   tata kelola yang efektif dan mendukung pencapaian                   governance and support the achievement of growing
   kebutuhan bisnis yang terus berkembang, sekaligus                   business needs, while strengthening the Company’s
   memperkuat daya saing Perseroan secara berkelanjutan.               competitiveness sustainably.




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




4. Program JM Talk dan Webinar dengan peserta internal                4. JM Talk and Webinar programs with internal and external
   maupun eksternal Perseroan yang mengundang                            participants of the Company, inviting reliable speakers
   Narasumber handal di bidangnya yang dilakukan secara                  in their fields, conducted online or hybrid with online
   online maupun hybrid dengan pengelolaan online system                 system management from JMLI’s internal Studio. During
   dari internal/studio JMLI. Selama periode Inhouse Tahun               the 2025 In-house period, 189 webinar events were
   2025 ini telah dilaksanakan sebanyak 189 event webinar                held, attended by 10,385 people.
   yang diikuti oleh 10.385 orang.
5. Program Workshop, Coaching, dan Final Presentation                 5. The Business Innovation Workshop, Coaching, and
   Business Innovation diikuti oleh para leader dari berbagai            Final Presentation program is attended by leaders
   unit dan Anak Perusahaan. Program ini bertujuan                       from various units and subsidiaries. The program aims
   untuk merumuskan ide-ide inovasi di bidang usaha                      to formulate innovative ideas in other business fields
   lain (non-tol) yang berpotensi diimplementasikan pada                 (non-toll) that have the potential to be implemented
   tingkat korporasi, guna mendukung pencapaian target                   at the corporate level, to support the achievement of
   akselerasi pendapatan di luar bisnis inti Perseroan.                  revenue acceleration targets outside the Company’s
                                                                         core business.
6. Sebagai upaya memperluas wawasan global dan                        6. In an effort to broaden global perspectives and
   memperkuat kompetensi karyawan, Jasa Marga                            strengthen employee competencies, Jasa Marga
   melaksanakan program Global Learning melalui                          implements the Global Learning program through
   pendekatan Immersive Learning Experience dan webinar                  an Immersive Learning Experience approach and
   tematik. Program ini dirancang untuk memberikan                       thematic webinars. This program is designed to provide
   pemahaman dan pengalaman bisnis internasional                         international business understanding and experience
   melalui rangkaian kegiatan On-Campus Sessions,                        through a series of On-Campus Sessions, Company
   Company Visit & Excursion, Expert Talks, serta webinar                Visits & Excursions, Expert Talks, and webinars on the
   bertema Fostering Global Business Awareness and                       themes of Fostering Global Business Awareness and
   Insight dan Infrastructure Outlook 2026: Trends, Risks,               Insight and Infrastructure Outlook 2026: Trends, Risks,
   and Opportunities yang diselenggarakan bekerja                        and Opportunities, held in collaboration with SBM ITB.
   sama dengan SBM ITB. Melalui inisiatif ini, Perseroan                 Through this initiative, the Company encourages the
   mendorong pengembangan global mindset, peningkatan                    development of a global mindset, increased strategic
   wawasan strategis, serta penguatan budaya inovasi di                  insight, and a stronger culture of innovation in the
   lingkungan kerja.                                                     workplace.
7. Perseroan juga mendorong budaya belajar mandiri                    7. The company also encourages a culture of independent
   melalui platform LinkedIn Learning, yang memungkinkan                 learning through the LinkedIn Learning platform, which
   karyawan mengakses materi pembelajaran secara                         allows employees to access learning materials flexibly
   fleksibel kapan pun dan di mana pun. Inisiatif ini                    anytime and anywhere. This initiative strengthens the
   memperkuat global mindset dan digital mindset                         employees’ global mindset and digital mindset, in line
   karyawan, sejalan dengan komitmen Perseroan dalam                     with the company’s commitment to developing superior
   membentuk talenta unggul yang adaptif terhadap                        talent that is adaptive to technological developments
   perkembangan teknologi dan dinamika global.                           and global dynamics.
8. Program pengembangan kepemimpinan (leadership)                     8. A leadership development program designed to develop
   yang dirancang untuk mengembangkan kompetensi                         strategic competencies, leadership vision, and high-
   strategis, visi kepemimpinan, dan kemampuan manajerial                level managerial skills, to create future leaders who are
   tingkat tinggi, guna menciptakan pemimpin masa depan                  ready to support transformation and sustainable growth
   yang siap mendukung transformasi dan pertumbuhan                      within the Company. In addition, this leadership program
   berkelanjutan di lingkungan Perseroan. Selain itu,                    also collaborates with Danantara’s leadership program,
   program leadership ini juga bekerja sama dengan                       which aims to prepare future leaders by targeting the
   program leadership dari Danantara yang bertujuan                      development of the competencies of the Company’s top
   untuk menyiapkan kader pemimpin masa depan, dengan                    talents. This program focuses on global business with
   menyasar pada pengembangan kompetensi para top                        expertise from Cornell University.
   talent yang ada di Perseroan. Program ini bertemakan
   global business dengan expertise yang berasal dari
   Cornell University.
9. Program      Employee    Wellbeing    yang   dirancang             9. The Employee Wellbeing program is designed to support
   untuk mendukung kesejahteraan karyawan melalui                        employee wellbeing through learning and webinars that
   pembelajaran dan webinar yang membahas berbagai                       discuss various important topics, such as mental health,
   topik penting, seperti kesehatan mental, keseimbangan                 work-life balance, and financial literacy. This program not
   kerja-hidup, dan literasi keuangan. Program ini tidak                 only improves the quality of life of employees, but also
   hanya meningkatkan kualitas hidup karyawan, tetapi juga               encourages the creation of a productive and harmonious
   mendorong terciptanya lingkungan kerja yang produktif                 work environment, so that employees can give their best
   dan harmonis, sehingga karyawan dapat memberikan                      contribution to the Company.
   kontribusi terbaiknya untuk Perseroan.




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01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




10. Partisipasi dalam Konferensi Internasional yang                 10. Participation in international conferences is one of the
    menjadi salah satu langkah strategis Perseroan                      Company’s strategic steps in building a global mindset
    dalam membangun global mindset karyawan, di mana                    among employees, where they act as speakers at
    mereka berperan sebagai pembicara di forum global.                  global forums. Employees then share their knowledge
    Selanjutnya, karyawan melakukan knowledge sharing                   through sharing sessions, so that the knowledge gained
    melalui program sharing session, sehingga pengetahuan               can provide broad benefits and support competency
    yang diperoleh dapat memberikan manfaat luas dan                    improvement for all employees.
    mendukung peningkatan kompetensi kepada seluruh
    karyawan.
11. Program Human Capital Sharing Session biasa disebut             11. The Human Capital Sharing Session programme,
    Ngobrol Santai Human Capital (Ngobras HC) merupakan                 commonly known as Ngobrol Santai Human Capital
    program sharing, collaborating, brainstorming terkait               (Ngobras HC), is a programme for sharing, collaborating
    Human Capital antar pengelola Human Capital maupun                  and brainstorming on human capital issues between
    Roadster Jasa Marga.                                                human capital managers and Jasa Marga Roadsters.
12. Program Learning Journey Management Trainee yang                12. The Learning Journey Management Trainee Program
    terdiri dari 3 tahap yaitu:                                         consists of 3 stages, namely:
    a. Basic Character Building Lap berupa pelatihan                    a. Basic Character Building Lap in the form of
        Kejasamargaan dan Board of Director (BOD) Sharing                   Cooperation and Board of Director (BOD) Sharing
        Session, Pendidikan Karakter dan Bela Negara,                       Session training, Character Education and National
        Program Digital Talent & Design Thinking, dan                       Defense, Digital Talent & Design Thinking Program,
        Program Persuasive Communicator.                                    and Persuasive Communicator Program.
    b. Business Process Lap yakni dengan memberikan                     b. Business Process Lap, which provides on-the-job
        kesempatan on the job training di 3 lokasi                          training opportunities at 3 placement locations and
        penempatan dan diberikan individual project                         individual project assignments, creating storytelling
        assignment, membuat story telling pengalaman di                     experiences at Jasa Marga through LinkedIn,
        Jasa Marga melalui LinkedIn, coaching & counselling,                coaching & counseling, value & competency
        penilaian tata nilai & kompetensi, serta satgas                     assessment, and the Lebaran/Christmas and New
        Lebaran/Natal & Tahun Baru.                                         Year task force.
    c. Final Lap, berupa penilaian terhadap Handout &                   c. Final Lap, which consists of assessments of
        Video Learning Task, TJSL Project, Group Innovation,                handouts & video learning tasks, TJSL projects, group
        Final Presentation, dan Graduation.                                 innovation, final presentations, and graduation.
    d. Pada tahap ini, terdapat 15 Peserta dari Rekrutmen               d. At this stage, there are 15 participants from the
        Campus Hiring yang telah dinyatakan lulus per                       Campus Hiring Recruitment who have passed as of
        tanggal 1 September 2025 dan 39 peserta dari                        September 1, 2025, and 39 participants from the
        Rekrutmen Bersama BUMN mulai menjalani Learning                     Joint BUMN Recruitment who have been undergoing
        Journey Management Trainee sejak tanggal 11                         the Management Trainee Learning Journey since
        Agustus 2025 dan saat ini sedang mengikuti kegiatan                 August 11, 2025, and are currently participating in
        di tahap On the Job Training Lap 3.                                 activities in the On-the-Job Training Lap 3 stage.
13. Program Pengembangan Inovasi dalam rangka Persiapan             13. Innovation Development Program in preparation for
    Kompetisi Nasional dan Konferensi Internasional                     National Competitions and International Conferences
    diantaranya adalah sebagai berikut:                                 includes the following:
    a. Tim Terbaik Jasa Marga Innovation Competition                    a. The Best Team of Jasa Marga Innovation Competition
        berkesempatan untuk ikut serta dalam Kompetisi                      has the opportunity to participate in the National
        Nasional Temu Karya Mutu dan Produktivitas                          Quality and Productivity Competition (TKMPN) and
        Nasional (TKMPN) dan Indonesian Conference &                        Indonesian Conference & Competition Occupational
        Competition Occupational Safety & Health (ICC-                      Safety & Health (ICC-OSH).
        OSH).
    b. Predikat tertinggi dari Kompetisi Nasional TKMPN                b. The highest-ranking teams from the TKMPN and
        maupun ICC-OSH berkesempatan untuk ikut serta                     ICC-OSH National Competitions will have the
        dalam Konferensi Internasional Asian Productivity                 opportunity to participate in the Asian Productivity
        Quality Organization (APQO).                                      Quality Organisation International Conference
                                                                          (APQO).
     c. Program pengembangan inovasi terdiri dari Pelatihan            c. The innovation development programme consists
        Penulisan dan Penyusunan Makalah dan Pelatihan                    of Training in Writing and Compiling Papers and
        Pitching Deck & Presentation bertujuan untuk                      Training in Pitching Decks & Presentations, which
        meningkatkan kualitas substansi dan dokumentasi                   aim to improve the quality of innovation substance
        inovasi sesuai standar kompetisi nasional dan                     and documentation in accordance with national
        internasional, serta memperkuat kemampuan tim                     and international competition standards, as well as
        dalam menyampaikan hasil inovasi secara persuasif                 strengthening the team’s ability to convey innovation
        dan kompetitif guna mempresentasikan Perusahaan                   results in a persuasive and competitive manner in
        secara optimal.                                                   order to present the Company optimally.




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan     Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility      Reference of POJK, SEOJK, and ARA Criteria




Tabel Jumlah Pelatihan Karyawan Perseroan
Table of Training for Company Employees


           Uraian
         Description                   BOD-1                        BOD-2                        BOD-3                  BOD-4

 Triwulan 1
                                          37                         42                             38                     45
 First Quarter

 Triwulan 2
                                          42                         54                             60                     51
 Second Quarter

 Triwulan 3
                                          54                         78                             72                     74
 Third Quarter

 Triwulan 4
                                          52                         84                             92                     85
 Fourth Quarter

 Total                                   185                         258                            262                   255



Mengingat human capital berperan penting bagi Perseroan                    Recognizing that human capital play a crucial role in
untuk mewujudkan visi dan misinya, maka Perseroan                          enabling the Company to achieve its vision and mission,
menjadikan pengembangan kompetensi sebagai salah                           the Company has made competency development one
satu prioritas utama untuk memastikan karyawan memiliki                    of its top priorities to ensure employees possess relevant
keahlian yang relevan dan siap menghadapi dinamika                         skills and are prepared to address the dynamic challenges
tantangan bisnis. Selain melalui pengembangan kompetensi                   of the business environment. In addition to competency
melalui pelatihan, webinar, dan sertifikasi, Perseroan juga                development through training, webinars, and certification,
secara konsisten melakukan pengembangan talenta dengan                     the Company consistently develops talent by providing
memberikan Program Beasiswa Internal maupun Beasiswa                       Internal Scholarship Programs and External Scholarships for
Eksternal untuk pendidikan Magister (S2) dan Doktor (S3),                  Master’s (S2) and Doctoral (S3) degrees in fields of study
dengan jurusan studi yang berkaitan dengan proses bisnis                   related to the Company’s business processes and strategic
dan arahan strategis Perseroan.                                            direction.

Perseroan memberikan kesempatan kepada karyawan untuk                      The Company provides opportunities for employees to
memperoleh pendidikan S2 di dalam negeri pada beberapa                     obtain master’s degrees domestically at several universities,
Universitas seperti Universitas Indonesia, Universitas                     such as the University of Indonesia, Gadjah Mada University,
Gadjah Mada, serta Sekolah Bisnis dan Manajemen Institut                   and the Bandung Institute of Technology School of Business
Teknologi Bandung. Perseroan juga bekerja sama dengan                      and Management. The Company also collaborates with
Kementerian PUPR untuk melaksanakan program Beasiswa                       the Ministry of PWH to implement the Super Specialist
Super Spesialis Teknik (Institut Teknologi Bandung dan                     Scholarship program for Engineering (Bandung Institute of
Institut Teknologi Sepuluh Nopember) dan Non Teknik                        Technology and Sepuluh Nopember Institute of Technology)
(Universitas Indonesia).                                                   and Non-Engineering (University of Indonesia).

Sementara, Beasiswa Internal Luar Negeri secara khusus                     Meanwhile, the Internal Overseas Scholarship is specifically
ditujukan bagi Roadster yang terpilih untuk melanjutkan                    intended for selected Roadsters to continue their education at
pendidikan di universitas/perguruan tinggi yang memiliki                   universities/colleges with the best global rankings, to ensure
peringkat terbaik dunia, guna memastikan kualitas                          optimal education quality at the global level. In addition,
pendidikan yang optimal di tingkat global. Selain itu,                     the Company encourages Roadsters to apply for external
Perseroan juga menggiatkan para Roadster mendaftar                         overseas scholarships provided by various independent
beasiswa eksternal luar negeri yang disediakan oleh berbagai               institutions outside the Company. The Company believes
lembaga independen di luar Perseroan. Perseroan meyakini                   that all forms of scholarship programs can prepare the best
seluruh bentuk program beasiswa dapat mempersiapkan                        individuals to strengthen the Company’s competitiveness.
individu terbaik guna memperkokoh keandalan Perseroan.



Peningkatan Kapabilitas Human Capital                                      Improving Human Capital Capabilities
Jasa Marga secara konsisten melakukan pengembangan                         Jasa Marga consistently develops the competencies and
kompetensi dan meningkatkan kapabilitas karyawan yang                      capabilities of its employees in line with current and future
dimiliki sesuai dengan kebutuhan bisnis saat ini maupun                    business needs. Competency development at the Company
di masa yang akan datang. Pengembangan kompetensi                          also serves as a bridge to bridge the generation gap and
di Perseroan juga menjadi jembatan untuk memenuhi gap                      prepare for management succession. The Company
generasi dan menyiapkan suksesi manajemen. Perseroan                       provides equal opportunities for all employees to participate
memberikan kesempatan yang setara pada setiap karyawan                     in training and human capital development programs,
untuk mengikuti program pelatihan dan pengembangan                         regardless of gender, race, or religion.
Human Capital, tanpa memperhatikan jenis kelamin, ras,
dan agama.



PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                 439
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01                           02                     03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen      Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report      Company Profile          Management Discussion and Analysis       Business Support Functions




Perseroan memiliki unit bernama Jasa Marga Learning                    The Company has a unit called Jasa Marga Learning
Institute (JLI) yang bertanggung jawab dalam mengelola                 Institute (JLI), which is responsible for managing
program pengembangan kompetensi karyawan. Kemajuan                     employee competency development programs. JLI adapts
teknologi diadaptasi oleh JLI dalam memfasilitasi                      technological advances to facilitate digital learning and
pembelajaran dan pengembangan secara digital melalui                   development through personalized and customized training
konsep pelatihan yang personalized dan customized, multi               concepts, multi-access, and micro learning (byte-sized)
akses, serta micro learning (byte sized) yang difasilitasi oleh        facilitated by the Human Capital Management Integrated
Human Capital Management Integrated System, yaitu JM                   System, namely JM Click. This app has multiple features
Click. Aplikasi ini memiliki multifitur yang terintegrasi dengan       that are integrated with employee administration features
fitur administrasi karyawan seperti pengajuan cuti, lembur,            such as leave requests, overtime, attendance, e-SPT,
absensi, e-SPT, e-Slip, Employee Development Plan (EDP),               e-Slip, Employee Development Plan (EDP), and Jasa Marga
dan Jasa Marga Performance Development (JMPD).                         Performance Development (JMPD).

Aplikasi JM Click terus diperkuat dan dikembangkan untuk               The JM Click app continues to be improved and developed
mendukung konsep lifelong learning dengan menyediakan                  to support the concept of lifelong learning by providing easy,
akses yang mudah, fleksibel, dan berkelanjutan bagi                    flexible, and sustainable access for employees to expand
karyawan       untuk  memperluas      pengetahuan      serta           their knowledge and skills anytime and anywhere. Through
keterampilan mereka kapan saja dan di mana saja. Melalui               this platform, employees can take advantage of various
platform ini, karyawan dapat memanfaatkan berbagai modul               digital learning modules, interactive training, and materials
pembelajaran digital, pelatihan interaktif, dan materi yang            relevant to their business and personal development needs,
relevan dengan kebutuhan bisnis maupun pengembangan                    thereby creating an innovative and adaptive learning culture
pribadi mereka, sehingga tercipta budaya pembelajaran                  in the work environment.
yang inovatif dan adaptif di lingkungan kerja.

Prioritas penyelenggaraan pelatihan yang dilakukan                     The Company’s training priorities are divided into 3 (three)
Perseroan dibagi menjadi 3 (tiga) Learning Program, yang               Learning Programs, which include:
meliputi:
1. Primary Program terkait digital capabilities dan business           1. Primary Program related to digital capabilities and
    acumen capabilities.                                                  business acumen capabilities.
2. Booster Program yang terdiri dari program beasiswa,                 2. Booster Program consisting of scholarship programs,
    coaching dan mentoring, JM Preneurship, enhancing JM                  coaching and mentoring, JM Preneurship, enhancing JM
    Click, dan Jet Roadster Program.                                      Click, and Jet Roadster Program.
3. Improvement Program untuk peningkatan kompetensi                    3. Improvement Program for competency enhancement
    yang selaras dengan sasaran bisnis yang sesuai dengan                 aligned with business objectives in line with the five JLI
    5 akademi pembelajaran JLI.                                           learning academies.

Selain itu, JLI juga menyelenggarakan JM Talk Series yang              Additionally, JLI also organizes the JM Talk Series, a webinar
merupakan program webinar dengan pembicara dari internal               program featuring speakers from within and outside the
dan eksternal Perseroan. Pada tahun 2025, telah dilakukan              Company. In 2025, 16 JM Talk activities were held with
16 kegiatan JM Talk dengan konten webinar series berfokus              webinar series content focusing on the competencies of the
pada kompetensi 5 akademi yang dimiliki JLI, yaitu:                    5 academies owned by JLI, namely:
1. Project Development Academy.                                        1. Project Development Academy.
2. Operational Services Academy.                                       2. Operational Services Academy.
3. Technological Innovation Academy.                                   3. Technological Innovation Academy.
4. Business Support Academy.                                           4. Business Support Academy.
5. Leadership Development Academy.                                     5. Leadership Development Academy.

Program-program pembelajaran yang dijalankan Perseroan                 The learning programs implemented by the Company are not
tidak hanya bertujuan untuk meningkatkan kompetensi                    only aimed at improving employee competencies, but also
karyawan, tetapi juga sejalan dengan komitmen terhadap                 in line with its commitment to the pillars of Environmental,
pilar Environmental, Social, and Governance (ESG). Dalam               Social, and Governance (ESG). In the social aspect, the
aspek sosial, Perseroan berupaya menciptakan lingkungan                Company strives to create an inclusive work environment
kerja inklusif yang mendukung pertumbuhan profesional                  that supports professional growth and employee welfare
dan kesejahteraan karyawan melalui berbagai program                    through various development programs. In addition, the
pengembangan. Selain itu, fokus pada pengembangan                      focus on developing digital and leadership competencies
kompetensi digital dan kepemimpinan juga mendukung                     supports sustainable business transformation, while risk
transformasi bisnis yang berkelanjutan, sementara sertifikasi          and governance certification ensures that every learning
risiko dan tata kelola memastikan bahwa setiap inisiatif               initiative is carried out in accordance with good governance
pembelajaran berjalan sesuai dengan prinsip tata kelola                principles. This demonstrates the Company’s tangible
yang baik. Hal ini menunjukkan kontribusi nyata Perseroan              contribution to supporting sustainable development goals
dalam mendukung tujuan pembangunan berkelanjutan                       through the empowerment of resilient and integrity-driven
melalui pemberdayaan human capital yang tangguh dan                    human capital.
berintegritas.




440                                                                         Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




Sebagai bagian dari implementasi roadmap ESG Jasa                         As part of the implementation of Jasa Marga’s ESG roadmap,
Marga, Perseroan menyelenggarakan berbagai program                        the Company organizes various training and certification
pelatihan dan sertifikasi, baik secara inhouse maupun                     programs, both in-house and public training, including
public training, antara lain Certified Sustainability Reporting           Certified Sustainability Reporting Specialist, Knowledge
Specialist, Knowledge Management Forum in Sustainability,                 Management Forum in Sustainability, Certificate in
Certificate in Climate Finance (CertCF), Seminar ICSO                     Climate Finance (CertCF), ICSO 2025 Seminar: Advancing
2025: Advancing Indonesia’s Green Economy, Program                        Indonesia’s Green Economy, ESG Value Implementation
Implementasi Nilai ESG, serta Sustainability Series. Selain               Program, and Sustainability Series. In addition, the Company
itu, Perseroan juga melaksanakan pelatihan persiapan purna                conducts retirement preparation training for employees
bhakti bagi karyawan yang akan memasuki masa pensiun,                     who are about to enter retirement, to help them prepare
guna membantu mereka mempersiapkan diri secara mental,                    mentally, physically, and financially. This initiative is in line
fisik, dan finansial. Inisiatif ini sejalan dengan komitmen               with the Company’s commitment to applying ESG principles,
Perseroan dalam penerapan prinsip ESG, khususnya pada                     particularly in the social aspect that focuses on improving
aspek sosial yang berfokus pada peningkatan kesejahteraan                 employee welfare and long-term sustainability.
karyawan dan keberlanjutan jangka panjang.




Pengelolaan Kinerja
Performance Management

Dalam rangka mewujudkan visi dan misi Perseroan serta                     To realize the Company's vision and mission and to execute
untuk menjalankan strategi bisnis, Jasa Marga menyusun                    its business strategy, Jasa Marga has developed a unit
kebijakan penilaian kinerja unit yang bertujuan memastikan                performance assessment policy that aims to ensure the
tercapainya target kinerja sesuai Key Performance Indicator               achievement of performance targets in accordance with Key
(KPI) dan untuk mendorong unit kerja meningkatkan                         Performance Indicators (KPIs) and to encourage work units
kinerjanya dengan melakukan disruptive innovation.                        to improve their performance by implementing disruptive
Kebijakan ini tertuang dalam Keputusan Direksi No. 24/                    innovation. This policy is outlined in Board of Directors
KPTS/2023 tentang Jasa Marga Performance Management                       Decree No. 24/KPTS/2023 on Jasa Marga Performance
(JMPM), yaitu sistem yang dilaksanakan oleh Jasa Marga                    Management (JMPM), which is a system implemented by
untuk merencanakan, mengorganisir dan mengevaluasi                        Jasa Marga to plan, organize, and evaluate the performance
kinerja unit satu tingkat di bawah Direksi. Performance                   of units one level below the Board of Directors. Performance
Management merupakan penggabungan dari Unit Result                        Management combines Unit Result and Unit Process,
dan Unit Process, yang menghasilkan Unit Performance                      resulting in Unit Performance classifications of Exceed
dengan klasifikasi yang terdiri dari Exceed Expectation,                  Expectation, Meet Expectation, and Below Expectation.
Meet Expectation, dan Below Expectation.

                                   Gambar Kriteria Penilaian Kinerja Unit berdasarkan Hasil dan Proses
                            Diagram of Unit Performance Assessment Criteria based on Results and Processes

                        Result


                                                                                                Exceed
                                 R1                                                           Expectation


                                 R2
                                                                                                                               Exceed Expectation
                                                                             Meet
                                 R3                                       Expectation                                          Meet Expectation

                                                                                                                               Below Expectation
                                        Below
                                 R4
                                      Expectation


                                 R5

                                                                                                                     Process

                                       Borrow from         Status Quo        On Going           Disruptive
                                        the Future                         Improvement          Innovation




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Ikhtisar Kinerja Utama             Laporan Manajemen      Profil Perusahaan          Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report      Company Profile            Management Discussion and Analysis          Business Support Functions




Perseroan juga telah menerapkan penilaian kinerja karyawan                    The Company has also implemented an integrated
(individual performance) yang terintegrasi dengan sistem                      employee performance appraisal system that is linked to
pengelolaan talent dan remunerasi. Pengelolaan kinerja                        its talent management and remuneration systems. This
tersebut diatur dalam kebijakan Jasa Marga Performance                        performance management system is regulated by the
Development (JMPD) yang ditetapkan berdasarkan Surat                          Jasa Marga Performance Development (JMPD) policy,
Keputusan Direksi Nomor: 17/KPTS/2024 tanggal 29 Februari                     which was established based on Board of Directors Decree
2024 tentang Jasa Marga Performance Development.                              No. 17/KPTS/2024 dated February 29, 2024, on Jasa
JMPD merupakan sistem pengembangan kinerja untuk                              Marga Performance Development. JMPD is a performance
individu yang bertujuan mengklarifikasi dan menyelaraskan                     development system for individuals that aims to clarify and
ekspektasi antara atasan dan karyawan serta untuk                             align expectations between supervisors and employees and
meningkatkan kinerja karyawan secara berkelanjutan                            to improve employee performance on an ongoing basis by
dengan pemberian umpan balik rutin bagi karyawan.                             providing regular feedback to employees.

Sistem JMPD meliputi pengembangan dan penilaian hasil                         The JMPD system includes the development and
kinerja (result) individu serta penilaian kesesuaian perilaku                 assessment of individual performance results as well as the
kerja (behaviour) karyawan dengan tata nilai Perseroan.                       assessment of the alignment of employee work behavior
Hasil penilaian dari JMPD diklasifikasikan menjadi 5 (lima)                   with the Company’s values. The JMPD assessment results
predikat dan menjadi pertimbangan pada penentuan talent                       are classified into 5 (five) categories and are considered in
classification, total reward, dan pengembangan karir                          determining talent classification, total reward, and career
karyawan.                                                                     development for employees.

                                   Gambar Kriteria Penilaian Kinerja Individu berdasarkan Hasil dan Perilaku
                             Diagram of Individual Performance Assessment Criteria Based on Results and Behavior

                     Result


                              R1                                                               Exceptional


                                                                               Exceed
                              R2
                                                                             Expectation                                             Exceptional

                                                                                                                                     Exceed Expectation
                                                          Meet
                              R3                       Expectation                                                                   Meet Expectation

                                                                                                                                    Below Expectation
                                                         Below
                              R4                       Expectation                                                                   Unsatisfactory



                              R5    Unsatisfactory


                                                                                                                     Behavior

                                        Needs             Good                  Role             Guardian
                                     Improvement                                Model




442                                                                                Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Kesejahteraan Karyawan
Employee Welfare

Kesejahteraan karyawan merupakan salah satu hak yang                  Employee welfare is one of the rights that must be
wajib dipenuhi oleh Perseroan, salah satunya dipenuhi                 fulfilled by the Company, one of which is fulfilled through
oleh remunerasi atau kompensasi yang memadai. Selain                  adequate remuneration or compensation. In addition to
meningkatkan keterikatan karyawan, pemberian remunerasi               increasing employee engagement, providing commensurate
yang sepadan juga dinilai dapat mendukung kemajuan                    remuneration is considered to support the Company's
Perseroan karena setiap karyawan diharapkan bekerja                   progress because each employee is expected to work
optimal untuk mendukung pencapaian target Perseroan.                  optimally to support the achievement of the Company's
                                                                      targets.


Remunerasi                                                            Remuneration
Jasa Marga memberikan total reward yang menarik bagi                  Jasa Marga provides attractive total rewards for prospective
calon karyawan (attract), memotivasi karyawan untuk                   employees, motivates employees to improve their capacity
meningkatkan kapasitas dan kinerjanya (motivate) dan                  and performance, and retains employee engagement. Based
memelihara keterikatan karyawan (retain). Berdasarkan                 on its philosophy, the rewards for employees are provided in
filosofinya, maka reward untuk karyawan diberikan dalam               the following forms:
bentuk sebagai berikut:
1. Foundational Reward yaitu komponen penghargaan                     1.   Foundational Reward, which is a reward component in
     berupa penghasilan tetap yang diterima karyawan                       the form of a fixed income received by employees based
     berdasarkan jabatan dan atribut personalnya (person                   on their position and personal attributes (person value);
     value);
2. Motivational Reward yaitu komponen penghargaan yang                2. Motivational Reward is a reward component given to
     diberikan sebagai upaya untuk meningkatkan motivasi                 increase motivation in performance;
     dalam berkinerja;
3. Benefit & Allowances yaitu komponen penghargaan yang               3. Benefit & Allowances is a reward component provided to
     diberikan sebagai upaya untuk memberikan kenyamanan                 ensure employee comfort;
     bagi karyawan;
4. Working Environment yaitu komponen penghargaan                     4. Working Environment is a reward component in the
     berupa kondisi dimana seseorang bekerja, yang                       form of working conditions, which are influenced by the
     dipengaruhi oleh lingkungan fisik, sosial, dan/psikologis;          physical, social, and/or psychological environment; and
     dan
5. Growth Opportunity yaitu penghargaan berupa                        5. Growth Opportunity is a reward in the form of an
     kesempatan yang diberikan kepada karyawan untuk                     opportunity given to employees to develop their
     dapat mengembangkan potensi dan kariernya.                          potential and career.

Total reward karyawan diatur dalam Keputusan Direksi                  Employee total rewards are regulated in the Board of
No. 110/KPTS/2019 tentang Sistem Total Reward Karyawan.               Directors Decree No. 110/KPTS/2019 on the Employee Total
Perseroan secara berkala mengevaluasi besaran remunerasi              Reward System. The Company periodically evaluates the
yang diberikan kepada karyawan dengan melakukan fine                  amount of remuneration given to employees by fine-tuning
tuning terhadap reward dengan mempertimbangkan kinerja                rewards, taking into account the Company’s performance,
Perseroan, kondisi pasar, dan nilai inflasi pada tahun berjalan.      market conditions, and inflation rates for the current year.
Hal ini sebagaimana tertuang dalam Surat Keputusan Direksi            This is as stated in Board of Directors Decree No. 37/
No. 37/KPTS/2025 tanggal 14 April 2025.                               KPTS/2025 dated April 14, 2025.

Selain itu, pemberian motivational reward karyawan tidak              Additionally, the granting of motivational rewards to
hanya berdasarkan capaian kinerja karyawan (JMPD) saja                employees is not only based on employee performance
tetapi juga berdasarkan capaian kinerja unit kerja (JMPM),            achievements (JMPD) but also on work unit performance
sehingga karyawan diharapkan termotivasi dalam mencapai               achievements (JMPM), so that employees are expected
KPI unit kerjanya. Implementasi konsep ini sebagaimana                to be motivated in achieving their work unit KPIs. The
tertuang dalam Keputusan Direksi PT Jasa Marga (Persero)              implementation of this concept is as stated in the Board
Tbk Nomor: 33/KPTS/2025 tanggal 20 Maret 2025 tentang                 of Directors Decree of PT Jasa Marga (Persero) Tbk
Pemberian Motivational Reward Tahun Buku 2024.                        No. 33/KPTS/2025 dated March 20, 2025, on the Provision
                                                                      of Motivational Rewards for the 2024 Fiscal Year.




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01                              02                     03                      04                                       05
Ikhtisar Kinerja Utama          Laporan Manajemen      Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report      Company Profile          Management Discussion and Analysis       Business Support Functions




Fasilitas dan Benefit                                                      Facilities and Benefits
Selain memberikan remunerasi yang layak, Perseroan juga                   In addition to providing fair remuneration, the Company also
memberikan berbagai jenis fasilitas dan benefit kepada                    offers various types of facilities and benefits to employees
karyawan untuk menunjang kesejahteraan karyawan.                          to support their well-being. The provision of these facilities
Pemberian fasilitas dan benefit tersebut dibedakan menurut                and benefits is differentiated according to employee status.
status karyawan.

Tabel Fasilitas dan Benefit Karyawan
Table of Employee Facilities and Benefits


                                                                                                 Karyawan Tidak
                      Jenis Fasilitas dan Benefit                         Karyawan Tetap
                                                                                                     Tetap
                       Facility and Benefit Type                            Permanent                                         Trainee
                                                                                                 Non-Permanent
                                                                            Employees
                                                                                                   Employees
 Seragam Dinas
 Official Uniform

 Pakaian Olah Raga
 Sports Apparel

 Cuti
 Leaves

 Rekreasi
 Recreation

 Jaminan Kesehatan Perseroan
 Company Health Insurance

 Pinjaman Karyawan (Uang Muka Rumah, Renovasi Rumah,
 Multiguna, Pendidikan, Pembelian Kredit)
 Employee Loans (Mortgage Down Payment, House Renovation,
 Multifinance, Education, Credit Purchase)

 Asuransi BPJS Kesehatan
 BPJS Kesehatan Insurance

 Asuransi BPJS Ketenagakerjaan Program JKK & JMK
 JKK & JMK Programs in BPJS Ketenagakerjaan Insurance

 Asuransi BPJS Ketenagakerjaan Program JHT & JP
 JHT & JP Programs in BPJS Ketenagakerjaan Insurance

 Asuransi Purna Karya (Pasca Kerja)
 Post-Employment Insurance

 Dana Pensiun PPMP/PPIP (Pasca Kerja)
 PPMP/PPIP Pension Fund (Post-Employment)

 Kartu Dinas akses PP ke Tempat Tinggal (bagi yang memiliki
 kendaraan roda 4)
 Official Card for PP access to Residence (for those with a
 4-wheeled vehicle)

 Perjalanan Dinas
 Business Trip

 Beasiswa
 Scholarship

 Pelatihan
 Training

 Program Konseling (Rosela)
 Counseling Program (Rosela)

 Fasilitas Daycare (Travoy Kids)
 Daycare Facility (Travoy Kids)




444                                                                            Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Program Pasca Kerja
Post-Employment Program

Untuk memberikan kepastian kesejahteraan karyawan                     To ensure the welfare of employees after the end of their
setelah berakhirnya masa kerja, Jasa Marga memberikan                 employment period, Jasa Marga provides benefits to
manfaat kepada karyawan yang telah mencapai usia pensiun.             employees who have reached retirement age. The post-
Program pasca kerja yang diberikan kepada karyawan                    employment programs provided to employees are divided
terbagi menjadi 2 (dua) yaitu yang bersifat mandatory dari            into 2 (two) categories: mandatory programs from the
Kementerian Ketenagakerjaan yaitu Program Jaminan Hari                Ministry of Manpower, i.e., the Old Age Security Program and
Tua dan Jaminan Pensiun. Sedangkan yang bersifat internal             the Pension Security Program; and internal programs from
dari Perseroan terdiri dari Program Pensiun Manfaat Pasti             the Company, consisting of the Defined Benefit Pension
(PPMP), Program Pensiun Iuran Pasti (PPIP), Program Purna             Program (PPMP), the Defined Contribution Pension Program
Karya dan Jaminan Kesehatan dari Perseroan.                           (PPIP), the Retirement Program, and Health Insurance from
                                                                      the Company.

Program yang bersifat mandatory dilaksanakan berdasarkan              The mandatory post-employment program is implemented
UU No. 40 Tahun 2004 tentang Sistem Jaminan Sosial                    based on Law No. 40 of 2004 on the National Social Security
Nasional, PP No. 45 tahun 2015 tentang Jaminan Pensiun dan            System, Government Regulation No. 45 of 2015 on Pension
PP No. 46 tahun 2015 dengan perubahannya No. 60 tahun                 Insurance, and Government Regulation No. 46 of 2015
2015 tentang Jaminan Hari Tua. Sedangkan pelaksanaan                  with its amendment No. 60 of 2015 on Old Age Insurance.
program pasca kerja yang bersifat internal diatur dalam               Meanwhile, the implementation of internal post-employment
Peraturan Perseroan. Adapun penjelasan mengenai masing-               programs is regulated in the Company's regulations. The
masing program pasca kerja yang dilaksanakan di Jasa                  following is an explanation of each post-employment
Marga adalah sebagai berikut:                                         program implemented at Jasa Marga:

1. Program Pensiun Manfaat Pasti (PPMP) dan Program                   1. Defined Benefit Pension Program (PPMP) and Defined
   Pensiun Iuran Pasti (PPIP)                                            Contribution Pension Program (PPIP)
   PPMP diselenggarakan oleh Dana Pensiun Jasa Marga                     The PPMP is administered by the Jasa Marga Pension
   (DPJM) yang didirikan oleh Perseroan. PPMP diikuti oleh               Fund (DPJM), which the Company established. The
   karyawan yang mulai bekerja di Perseroan sebelum                      PPMP is for employees who started working at the
   1 Juli 2012. Sedangkan PPIP diselenggarakan oleh Dana                 Company before July 1, 2012. Meanwhile, the PPIP is
   Pensiun Lembaga Keuangan (DPLK) dan diikuti oleh                      administered by the Financial Institution Pension Fund
   karyawan yang mulai bekerja di Perseroan sejak tanggal                (DPLK) and is for employees who started working at the
   1 Juli 2012.                                                          Company on or after July 1, 2012.
2. Program Purna Karya                                                2. Retirement Program
   Program ini diberikan kepada karyawan dengan manfaat                  This program provides benefits to employees who
   ketika berhenti pada usia pensiun normal akan mendapat                retire at the normal retirement age, receiving 24 times
   24 x Penghasilan Dasar Asuransi (PhDA), sedangkan                     the Basic Insurance Income (PhDA), while employees
   karyawan yang berhenti sebelum usia pensiun normal                    who retire before the normal retirement age will receive
   akan mendapatkan manfaat proporsional sesuai                          proportional benefits in accordance with the Company's
   peraturan Perseroan.                                                  regulations.
3. Program Jaminan Hari Tua (JHT) dan Jaminan Pensiun                 3. Old Age Insurance Program (JHT) and BPJS
   BPJS Ketenagakerjaan                                                  Ketenagakerjaan Pension Program
   Perseroan mengikutsertakan seluruh karyawan pada                      The Company enrolls all employees in the BPJS
   program Jaminan Hari Tua dan Jaminan Pensiun BPJS                     Ketenagakerjaan Old Age Insurance and Pension
   Ketenagakerjaan. Dasar perhitungan iuran JHT dihitung                 Security programs. The basis for calculating JHT
   dari penghasilan yang proporsinya dibayar sebesar 2%                  contributions is calculated from income, with 2% paid
   oleh karyawan dan 3,7% oleh Perseroan, sedangkan                      by employees and 3.7% by the Company, while pension
   perhitungan iuran Jaminan Pensiun dihitung dari                       security contributions are calculated from income, with
   penghasilan dengan proporsi 1% oleh karyawan dan 2%                   1% paid by employees and 2% by the Company.
   oleh Perseroan.
4. Program Jaminan Kesehatan Pensiunan dan Keluarga                   4. Retiree and Family Health Insurance Program
   Manfaat jaminan kesehatan berupa manfaat dalam                        Health insurance benefits are in the form of health
   bentuk fasilitas kesehatan yang diberikan Perseroan                   facilities provided by the Company in the form of
   berupa bantuan biaya untuk menjaga dan memelihara                     financial assistance to maintain the health of retirees
   kesehatan pensiunan beserta keluarganya.                              and their families.




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01                             02                  03                      04                                       05
Ikhtisar Kinerja Utama         Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights     Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Di tahun 2025, Perseroan melaksanakan program strategis               In 2025, the Company implemented a strategic program
untuk mendukung karyawan yang mendekati masa                          to support employees approaching retirement through
purnabakti melalui JM Preneurship, yang merupakan                     JM Preneurship, which is a digital-based training program
program pelatihan berbasis digital yang fokus pada                    focused on developing entrepreneurial skills, designed for
pengembangan keterampilan kewirausahaan, dirancang                    employees who are interested in pursuing a "second career"
untuk karyawan yang berminat menjalani “second career”                after retirement as entrepreneurs. In addition, the Company
setelah pensiun sebagai wirausaha. Selain itu, Perseroan              organizes Retirement Training by providing comprehensive
juga menyelenggarakan Pelatihan Purnabhakti dengan                    guidance, covering mental, emotional, and practical skills,
memberikan pembekalan menyeluruh, mencakup aspek                      to help employees face retirement with readiness and
mental, emosional, dan keterampilan praktis, guna                     confidence. Through this Retirement Preparation Program,
membantu karyawan menghadapi masa pensiun dengan                      the Company is committed to supporting employees in
kesiapan dan kepercayaan diri. Melalui Program Persiapan              starting a new journey while ensuring a more focused and
Pensiun ini, Perseroan berkomitmen mendukung karyawan                 productive retirement transition.
dalam memulai perjalanan baru sekaligus memastikan
transisi masa pensiun yang lebih terarah dan produktif.




Penghargaan kepada Karyawan
Employee Recognition

Jasa Marga memberikan penghargaan atas kinerja,                       Jasa Marga gives awards for performance, task execution,
pelaksanaan tugas, inovasi atau perbaikan serta                       innovation or improvement, as well as awards for employee
penghargaan atas kesetiaan karyawan. Penghargaan atas                 loyalty. Awards for innovation and continuous improvement
inovasi dan perbaikan berkelanjutan diberikan dalam ajang             are given at the Company's annual event. To show
rutin tahunan Perseroan. Untuk memberikan apresiasi                   appreciation to employees who have worked for a specific
terhadap karyawan yang telah bekerja selama masa                      period of time, the Company offers awards for length
kerja tertentu, Perseroan memberikan penghargaan atas                 of service to employees. The Company gives awards to
masa kerja kepada karyawan. Perseroan memberikan                      employees who have exceeded 20, 25, 30, and 35 years of
penghargaan kepada karyawan yang telah melampaui masa                 service in the form of award certificates and precious metals
kerja 20, 25, 30, dan 35 tahun berupa piagam penghargaan              to 239 employees.
dan logam mulia kepada 239 orang karyawan.

Tabel Jumlah Karyawan Penerima Penghargaan
Table of Total Employee Award Beneficiaries

                                                                      Jumlah Karyawan Penerima Penghargaan
                        Masa Kerja                                       Total Employee Award Beneficiaries
                         Tenure
                                                              2025                          2024                         2023
 20 tahun
                                                                 0                             15                           5
 20 years

 25 tahun
                                                                 37                            58                          156
 25 years

 30 tahun
                                                                150                            68                          55
 30 years

 35 tahun
                                                                 52                            41                          52
 35 years

 Jumlah
                                                                239                           182                          168
 Total




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Hubungan Industrial
Industrial Relations

Jasa Marga mengelola hubungan industrial dalam                        Jasa Marga manages industrial relations to create
rangka menciptakan hubungan harmonis dan dinamis                      harmonious and dynamic relations between the Company
antara Perseroan dan karyawan agar dapat mendorong                    and its employees so as to encourage the achievement of
tercapainya visi dan misi Perseroan. Sinergi yang harmonis            the Company's vision and mission. Harmonious synergy
antara manajemen dan karyawan dibangun dengan                         between management and employees is built through the
kebebasan karyawan untuk berserikat dalam organisasi                  freedom of employees to join the Jasa Marga Employee
Serikat Karyawan Jasa Marga (SKJM). Bagi Perseroan,                   Union (SKJM). For the Company, maintaining good industrial
menjaga hubungan industrial yang baik juga merupakan                  relations is also a form of management's commitment to the
salah satu bentuk komitmen manajemen terhadap Peraturan               Labor Regulations established by the government.
Ketenagakerjaan yang ditetapkan oleh pemerintah.

Harmonisasi hubungan industrial juga tergambar dalam                  The harmonization of industrial relations is also reflected
aktivitas Lembaga Kerja Sama Bipartit (LKS Bipartit) yang             in the activities of the Bipartite Cooperation Institution
dapat berjalan dengan baik, segala isu kesejahteraan selalu           (LKS Bipartit), which runs smoothly. All welfare issues are
diinformasikan dan didiskusikan dengan SKJM sehingga                  consistently communicated and discussed with SKJM
karyawan memahami program-program Perseroan terutama                  so that employees understand the Company's programs,
dalam transformasi organisasi, yang berdampak terhadap                especially those related to organizational transformation,
kesejahteraan karyawan.                                               which have an impact on employee welfare.

Pada tahun 2023, Perseroan telah melaksanakan                         In 2023, the Company held a bipartite meeting to agree on
rapat bipartit untuk menyepakati pemberian manfaat                    the provision of welfare benefits in line with the Company's
kesejahteraan yang disesuaikan dengan perkembangan                    performance development. Furthermore, the industrial
kinerja Perseroan. Selanjutnya, kebijakan pengelolaan                 relations management policy between the Company and
hubungan industrial antara Perseroan dan Serikat Karyawan             the Jasa Marga Employee Union (SKJM) refers to the
Jasa Marga (SKJM) mengacu pada Perjanjian Kerja Bersama               Collective Labor Agreement (PKB) for the 2024-2026
(PKB) periode 2024–2026 yang telah ditandatangani oleh                period, which both parties have signed. As a follow-up to
kedua belah pihak. Sebagai tindak lanjut atas PKB tersebut,           the PKB, the Company and SKJM have reviewed 8 (eight)
Perseroan bersama SKJM telah mengkaji 8 (delapan) Surat               Board of Directors Decrees related to remuneration, post-
Keputusan Direksi terkait penggajian, program pascakerja,             employment programs, employee defined benefit programs,
program manfaat pasti karyawan, serta usulan perubahan                and proposed changes to the retirement age of employees.
usia pensiun karyawan.

Pengelolaan hubungan industrial di lingkup Perseroan tidak            Industrial relations management within the Company is not
terbatas pada karyawan PT Jasa Marga (Persero) Tbk, tapi              limited to employees of PT Jasa Marga (Persero) Tbk, but
juga terhadap seluruh karyawan dalam Jasa Marga Grup.                 also extends to all employees within the Jasa Marga Group.
Perseroan selalu memantau dan memastikan bahwa seluruh                The Company continuously monitors and ensures that all
ketentuan dan kebijakan Perseroan telah sesuai dengan                 Company regulations and policies comply with applicable
ketentuan yang berlaku. Sinergi ini terbukti dapat meredam            regulations. This synergy has proven effective in mitigating
gejolak yang terjadi di lapangan.                                     tensions in the field.

Dalam rangka pendukung pengelolaan hubungan industrial                To support the management of harmonious industrial
yang harmonis, beberapa program dilaksanakan dalam                    relations, several programs are implemented in the
pelayanan administrasi hubungan kerja, antara lain:                   administration of labor relations, including:
1. Pengelolaan Hubungan Industrial                                    1. Industrial Relations Management
    Pengelolaan komunikasi Lembaga Kerja Sama Bipartit,                   Management of bipartite cooperation institution
    Perundingan Bipartit dengan serikat pekerja untuk                     communication, bipartite negotiations with labor unions
    monitor sistem pembinaan karyawan dan monitor                         to monitor the employee development system and
    keterikatan karyawan.                                                 employee engagement.
2. Pembuatan Dokumen Karyawan                                         2. Employee Document Management
    Mengelola administrasi kepegawaian seperti: surat                     Managing personnel administration, such as employee
    keterangan kerja karyawan, surat pengantar pembuatan                  work certificates, visa and passport application letters,
    visa dan paspor, surat dispensasi, cuti sakit karyawan,               dispensation letters, employee sick leave, and integrity
    dan pakta integritas.                                                 pacts.




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01                           02                  03                       04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile           Management Discussion and Analysis       Business Support Functions




3. Pengelolaan Laporan Harta Kekayaan Pejabat Negara                3. Management of State Officials' Wealth Reports
   (LHKPN) Karyawan                                                    (LHKPN) for Employees
   Mengelola dan pengadministrasian data wajib lapor                   Managing and administering mandatory LHKPN
   LHKPN dan pemantauan pelaksanaan pengisian LHKPN.                   reporting data and monitoring the completion of LHKPN
                                                                       forms.
4. Pengelolaan Dokumen Pemutusan Hubungan Kerja                     4. Management of Employee Termination Documents
   (PHK) Karyawan
   Mengelola management exit karyawan (pensiun normal,                 Managing employee exit procedures (normal retirement,
   pensiun sakit, pensiun dipercepat, pensiun meninggal                medical retirement, early retirement, retirement due to
   dunia, pensiun dini, mengundurkan diri).                            death, early retirement, resignation).
5. Pengelolaan Sistem Manajemen Anti Penyuapan                      5. Anti-Bribery        Management        System       (SMAP)
   (SMAP)                                                              Management
   Melakukan uji kelayakan karyawan dengan memonitor                   Conducting employee eligibility tests by monitoring the
   pelaksanaan penandatanganan pakta integritas dan                    implementation of integrity pact signing and conflict of
   evaluasi benturan kepentingan di awal tahun dan                     interest evaluations at the beginning of the year, and
   melakukan klarifikasi atas potensi benturan kepentingan             clarifying potential conflicts of interest, both internally
   baik internal dengan karyawan maupun dengan pihak                   with employees and with external stakeholders, as well
   pemangku kepentingan eksternal serta melakukan                      as conducting independent control of potential conflicts
   kontrol mandiri terhadap potensi benturan kepentingan               of interest and employee integrity by evaluating and
   dan integritas karyawan dengan melakukan evaluasi                   fulfilling anti-bribery management system documents.
   dan pemenuhan dokumen sistem manajemen anti
   penyuapan.
6. Pengelolaan Respectful Workplace Policy (RWP)                    6. Respectful Workplace Policy (RWP) Management
   Melakukan pengelolaan kebijakan RWP dengan                          Managing the RWP policy by ensuring that all Work Units
   memastikan seluruh Unit Kerja telah membuat,                        have created and implemented the RWP policy, following
   melaksanakan kebijakan RWP dan menindaklanjuti                      up on every RWP violation report, and preparing periodic
   setiap pelaporan pelanggaran RWP serta membuat                      Evaluation Reports on the implementation of the RWP
   Laporan Evaluasi secara berkala atas pelaksanaan RWP                for the Board of Directors.
   kepada Direksi.




Teknologi Informasi
Information Technology

Dalam rangka meningkatkan mutu kualitas dan layanan yang            In improving the quality and services provided, the
diberikan, Perseroan senantiasa mendorong penerapan                 Company continuously encourages the application of digital
teknologi digital pada kegiatan usaha yang dijalankan.              technology in its business activities. In addition to being
Selain sebagai bentuk adaptasi dan inovasi, pengembangan            a form of adaptation and innovation, the development of
teknologi informasi (TI) ini diharapkan dapat mendukung             information technology (IT) is expected to support business
pengembangan dan perluasan bisnis, serta memberikan                 development and expansion, as well as provide the best
pelayanan terbaik bagi para pelanggan.                              service for customers.

Perseroan memandang bahwa kemajuan teknologi juga                   The Company believes that technological advances also
menghadirkan kemudahan akses yang dapat menjawab                    provide easy access that can meet customer needs for
kebutuhan pelanggan akan kecepatan, ketepatan, efisiensi,           speed, accuracy, efficiency, and optimal service, so that
dan pelayanan yang optimal sehingga penerapannya                    its application can be an important element in supporting
dapat menjadi salah satu unsur penting dalam mendukung              business processes and providing excellent service. The
proses bisnis dan pemberian layanan prima. Penerapan                application of IT in operational activities is also a key enabler
TI di kegiatan operasional juga merupakan kunci utama               for the Company to achieve efficiency, measure and track
yang memungkinkan Perseroan untuk melakukan efisiensi,              business performance, and make appropriate management
mengukur dan menelusuri kinerja bisnis, serta mengambil             decisions for the sustainable development of the Company’s
keputusan-keputusan manajemen yang tepat untuk                      business.
pengembangan usaha Perseroan yang berkesinambungan.


Pengelolaan Teknologi Informasi                                     Information Technology Management
Mengingat pentingnya penerapan TI dalam memberikan                  Given the importance of IT implementation in providing
pelayanan yang prima dan efisien, Perseroan telah                   excellent and efficient services, the Company has developed
menyusun dan menetapkan Rencana Strategis Teknologi                 and established an Information Technology Strategic Plan
Informasi (RSTI) yang selaras dengan RJPP Tahun 2025-               (RSTI) that is in line with the 2025-2029 RJPP. The RSTI was



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Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan    Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility     Reference of POJK, SEOJK, and ARA Criteria




2029. Penyusunan RSTI ini dilakukan dengan mengacu                       prepared with reference to applicable laws and regulations
pada peraturan perundang-undangan yang berlaku serta                     and in accordance with the Minister of SOE Regulation
sesuai dengan Peraturan Menteri BUMN No. PER-02/                         No. PER-02/MBU/03/2023 on Guidelines for Governance and
MBU/03/2023 tentang Pedoman Tata Kelola dan Kegiatan                     Significant Corporate Activities of State-Owned Enterprises.
Korporasi Signifikan Badan Usaha Milik Negara. RSTI 2025-                The 2025-2029 RSTI serves as a reference in determining
2029 ini berfungsi sebagai acuan dalam menentukan arah                   the direction of IT development in the Company.
pengembangan TI di Perseroan.

Di samping itu, Perseroan juga telah membentuk Information               In addition, the Company has also established an Information
Technology (ITE) Group sebagai unit yang bertanggung jawab               Technology (ITE) Group as the unit responsible for managing
terhadap pengelolaan TI di Perseroan, mulai dari kegiatan                IT within the Company, ranging from planning, development,
perencanaan, pengembangan, operasional dan pemberian                     operations and service provision, as well as evaluation of
layanan, serta evaluasi penerapan TI. Pembentukan ITE                    IT implementation. The establishment of the ITE Group is a
Group merupakan salah satu wujud komitmen Perseroan                      manifestation of the Company’s commitment to managing
mengelola dan memanfaatkan TI mengingat unit kerja                       and utilizing IT, given that this work unit is also directly
tersebut juga berada langsung di bawah supervisi Direktur                under the supervision of the Director of Operations.
Operasi.


Visi dan Misi Teknologi Informasi Jasa                                   Jasa Marga Information Technology
Marga                                                                    Vision and Mission
Dalam proses menyelaraskan tujuan penyelenggaraan                        In the process of aligning the Company’s IT objectives with
TI Perseroan dengan tujuan bisnis Perseroan, dilakukan                   its business objectives, IT vision and mission have been
penyusunan visi dan misi TI yang merupakan turunan dari                  formulated, which are derived from the Company’s vision
visi dan misi Perseroan. Adapun visi dan misi TI adalah                  and mission. The IT vision and mission are as follows:
sebagai berikut:



                            Mewujudkan ekosistem digital tol yang terintegrasi, aman dan inovatif guna
     Visi                   mendukung pertumbuhan perusahaan jalan tol yang berkelanjutan serta
     Vision                 meningkatkan pengalaman pengguna.
                            To realize an integrated, secure, and innovative digital toll ecosystem to support
                            the sustainable growth of the toll road company and enhance the user experience.




     Misi                     Reliable
                              Membangun infrastruktur TI yang andal dan konsisten    Building a reliable and consistent IT infrastructure to
     Vision
                              untuk memastikan ketersediaan layanan minim            ensure service availability with minimal disruption.
                              gangguan.



                              Orchestrated
                              Menekankan aspek sinergisitas dalam pengembangan       Emphasizing synergy in system and application
                              sistem dan aplikasi untuk mendukung integrasi          development to support harmonious integration with
                              dengan ekosistem TI secara harmonis.                   the IT ecosystem.



                              Agile
                              Mengadopsi metodologi yang mendukung akselerasi        Adopting methodologies that support innovation
                              inovasi dan mampu beradaptasi secara dinamis           acceleration and can adapt dynamically to changing
                              terhadap perubahan kebutuhan.                          needs.



                              Data-driven
                              Mengedepankan penggunaan analisis dan data untuk       Prioritizing the use of analysis and data to support
                              mendukung pengambilan keputusan organisasi.            organizational decision-making.



                              Secure
                              Menjamin keamanan TI melalui praktik keamanan          Ensuring IT security through strict security practices
                              yang ketat untuk melindungi data dan sistem dari       to protect data and systems from cyber threats and
                              ancaman serta serangan siber.                          attacks.




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Ikhtisar Kinerja Utama                Laporan Manajemen            Profil Perusahaan            Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights            Management Report            Company Profile              Management Discussion and Analysis          Business Support Functions




Dalam mewujudkan visi dan misi tersebut, ITE Group turut                                In realizing this vision and mission, ITE Group faces
dibayangi oleh sejumlah tantangan. Tantangan utama yang                                 several challenges. The main challenge is ensuring that
dihadapi adalah memastikan investasi dan inisiatif TI mampu                             IT investments and initiatives provide optimal benefits for
memberikan manfaat yang optimal bagi bisnis Perseroan.                                  the Company’s business. Another challenge is how the
Tantangan lain yang dihadapi adalah bagaimana Perseroan                                 Company can implement adequate IT work processes to
mampu menerapkan proses kerja TI yang memadai guna                                      ensure consistent success in achieving the objectives of the
menjamin konsistensi keberhasilan pencapaian tujuan dari                                IT & Data Governance Policy.
penerapan Kebijakan Tata Kelola TI dan Data (IT & Data
Governance).


Arsitektur Teknologi Informasi Jasa Marga                                               Jasa Marga Information Technology
                                                                                        Architecture

                                             High Level Application Architecture: Jasa Marga Kantor Pusat
                                            High-Level Application Architecture in Jasa Marga Head Office

                                                                                                                         Integration               Partnership
                               Customer & Mitra
     Front End                                                                          Internal
                              Customer & Partners

                                                                                                                                                      BPJT

                                                                                                                             API

     Customer                                                                                                                                   Kementerian PU
                                                  Customer Service Management                                                               Ministry of Public Works
     Experience


                                                                                                                                                     BMKG



                  Concession Planning &                                   Toll Road
                                           Toll Road Operations                                    Related & Other                           Kementerian Komdigi
                      Development                                       Preservation                                       Open API
     Business &                                                                                                                                  Ministry of
     Operations                                                                                                                              Communication and IT


                                                 Intelligent Transportation System                                                           Kementerian Komdigi
                                                                                                                                               Ministry of SOE


                                                                                                                                            Kementerian Keuangan
                                                                                                                                              Ministry of Finance
     Integrated                                                                                                              H2H
                     Asset Planning         Asset Performance        Asset Maintenance          Related Asset &
     Asset
                      Management              Management               Management              Other Management
     Management                                                                                                                            Kementerian Perhubungan
                                                                                                                                           Ministry of Transportation



                                                                                                                                              Financial Institution
                                                                                                           Other
                                                                                          Corp.          Enterprise
                                                                                Legal
                                                                                          Comm            Services
                                                                  Governance,                                                                TNI      Polri      DJP
     Enterprise     Corp.                              Human
                             Procurement     Finance                Risk, &                                                 SFTP
     Support      Planning                             Capital
                                                                  Compliance
                                                                                                       Health, Safety,                                 Other Service
                                                                                       Audit                                                 IDX
                                                                                                       & Environment                                     Providers




Arsitektur TI Jasa Marga dibuat berdasarkan arahan                                      Jasa Marga’s IT architecture is based on the strategic
strategis PT Jasa Marga (Persero) Tbk, yang akan menjadi                                direction of PT Jasa Marga (Persero) Tbk, which will serve
landasan pembuatan infrastruktur dan sistem informasi di                                as the foundation for the development of infrastructure and
Perseroan. High Level Application Architecture Jasa Marga                               information systems within the Company. Jasa Marga High-
terbagi dari beberapa bagian, yaitu:                                                    Level Application Architecture is divided into several parts,
                                                                                        namely:
1. Front End – Menyediakan antarmuka terpadu bagi                                       1. Front End – Provides an integrated interface for internal
   pengguna internal dan eksternal untuk mengakses                                          and external users to access all of the Company’s digital
   seluruh layanan digital Perseroan.                                                       services.
2. Customer Experience – Mengelola interaksi pelanggan                                  2. Customer Experience – Manages customer interactions
   melalui sistem layanan terpadu guna meningkatkan                                         through an integrated service system to improve service
   kualitas pelayanan dan kepuasan pelanggan.                                               quality and customer satisfaction.
3. Business & Operations – Menangani proses bisnis inti,                                3. Business & Operations – Handles core business
   meliputi perencanaan, operasi, dan pemeliharaan jalan                                    processes, including planning, operations, and toll road
   tol, didukung oleh sistem transportasi cerdas untuk                                      maintenance, supported by intelligent transportation
   efisiensi dan keselamatan.                                                               systems for efficiency and safety.




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




4. Integrated Asset Management – Mengatur siklus hidup                4. Integrated Asset Management – Manages the entire
   aset secara menyeluruh, mencakup perencanaan,                         asset lifecycle, including planning, performance
   pemantauan kinerja, serta pemeliharaan untuk menjaga                  monitoring, and maintenance to maintain infrastructure
   keandalan infrastruktur.                                              reliability.
5. Enterprise Support – Mendukung kelancaran operasional              5. Enterprise Support – Supporting smooth operations
   melalui fungsi-fungsi korporat seperti perencanaan,                   through corporate functions such as planning, finance,
   keuangan, human capital, tata kelola, hukum, audit, dan               human capital, governance, legal, audit, and health,
   K3L.                                                                  safety, and environment.
6. Integration – Memastikan konektivitas antar sistem                 6. Integration – Ensuring connectivity between internal and
   internal dan eksternal melalui mekanisme pertukaran                   external systems through secure and standardized data
   data yang aman dan terstandar.                                        exchange mechanisms.
7. Partnership – Memfasilitasi kolaborasi dan integrasi               7. Partnership – Facilitating collaboration and data
   data dengan instansi pemerintah, lembaga keuangan,                    integration with government agencies, financial
   regulator, dan mitra eksternal untuk mendukung                        institutions, regulators, and external partners to support
   kepatuhan serta sinergi operasional.                                  compliance and operational synergy.


Inovasi Layanan Berbasis Teknologi                                    Technology-Based Service Innovation
Perseroan telah menerapkan inovasi layanan dengan                     The Company has implemented service innovations using IT
menggunakan dukungan TI pada kegiatan operasional yang                support in its operational activities. The technology-based
dijalankan. Adapun inovasi layanan berbasis teknologi yang            service innovations carried out by the Company throughout
dilakukan oleh Perseroan sepanjang tahun 2025, antara lain:           2025 include:

A. Pengembangan Teknologi Enterprise                                  A. Enterprise Technology Development
   Pengembangan teknologi enterprise diwujudkan melalui                  Enterprise technology development is realised through
   implementasi data warehouse. Perseroan memandang                      the implementation of data warehouses. The Company
   bahwa data warehouse human capital merupakan sistem                   views the human capital data warehouse as a crucial
   yang krusial mengingat hal tersebut merupakan sistem                  system, given that it is a system for storing human
   penyimpanan data human capital dari berbagai sumber                   capital data from various sources in the Company. This
   di Perseroan. Data warehouse ini dapat membantu                       data warehouse can help improve data quality, which
   meningkatkan kualitas data yang membantu manajemen                    assists management in making strategic decisions
   dalam pengambilan keputusan strategis terkait human                   related to human capital. To that end, the Company
   capital. Untuk itu, Perseroan melakukan pengembangan                  has developed a data quality dashboard for the data
   data quality dashboard pada data warehouse yang telah                 warehouse, which has been completed, and is currently
   selesai dan sedang dalam tahap pengembangan data                      in the development stage of data analytics for talent
   analytics untuk talent succession management.                         succession management.

B. Pengembangan Teknologi Pengoperasian Jalan Tol                     B. Development of Toll Road Operation Technology
   Pengembangan teknologi pengoperasian jalan tol                        The development of toll road operation technology is
   dilakukan oleh PT JMTO dalam rangka membangun                         carried out by PT JMTO to build competitive advantages
   keunggulan bersaing melalui penerapan teknologi                       through the application of technology in the field of
   di bidang operasi. Adapun inovasi yang dilakukan                      operations. The innovations carried out throughout 2025
   sepanjang tahun 2025, yaitu:                                          are as follows:
   1. Pengembangan sistem integrasi pemantauan                           1. Development of an integrated vehicle monitoring
       kendaraan Lebih Ukuran Lebih Muatan (ODOL)                            system for oversized and overloaded vehicles
       yang terintegrasi dengan stakeholder terkait, salah                   (ODOL) in collaboration with relevant stakeholders,
       satunya Kementerian Perhubungan RI, dengan                            including the Indonesian Ministry of Transportation,
       teknologi RFID. Integrasi data ini diharapkan dapat                   using RFID technology. This data integration is
       mengoptimalkan manajemen kendaraan angkutan                           expected to optimise the management of freight
       barang hingga spesifik ke pemilik kendaraan yang                      vehicles, specifically those owned by vehicle owners
       merupakan wewenang Kementerian Perhubungan.                           who are under the authority of the Ministry of
                                                                             Transportation.
     2. Pengembangan       MIDAS      (Motorway   Incident               2. Development of MIDAS (Motorway Incident
        Detection and Automation Signaling System)                           Detection and Automation Signaling System) as
        sebagai early warning system dan penghitungan                        an early warning system and vehicle classification
        klasifikasi kendaraan untuk dapat memberikan                         calculation to provide recommendations and traffic
        rekomendasi dan tren kepadatan lalu lintas di jalan                  density trends on toll roads, as well as incident
        tol, serta manajemen insiden.                                        management.




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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




     3. Pengembangan sistem transaksi nirhenti melalui                 3. Development of a non-stop transaction system
        optimalisasi layanan Travoy Go yang telah                         through optimisation of the Travoy Go service, which
        terintegrasi dengan wallet LinkAja. Integrasi ini                 has been integrated with the LinkAja wallet. This
        memungkinkan pengguna jalan tol melakukan                         integration allows toll road users to make payments
        pembayaran secara langsung melalui e-wallet tanpa                 directly through e-wallets without the need to top
        kebutuhan top up pada berbagai kanal terpisah,                    up on various separate channels, thereby providing
        sehingga menghadirkan pengalaman transaksi yang                   a more practical, faster, and seamlessly connected
        lebih praktis, cepat, dan terhubung secara seamless.              transaction experience.
     4. Rebranding Sistem Single Lane Free Flow Let                    4. Rebranding of the Let It Flo Single Lane Free Flow
        It Flo menjadi Travoy Go, serta integrasi dan                     system to Travoy Go, as well as integration and
        penggabungan fitur pada aplikasi Travoy untuk                     merging of features on the Travoy application to
        memudahkan pemakaian pada pengguna jalan dan                      facilitate use by road users and increase Travoy user
        meningkatkan penetrasi pengguna Travoy.                           penetration.
     5. Implementasi pemesanan dan layanan derek                       5. Implementation of online-based towing booking
        berbasis online melalui aplikasi Travoy yang sudah                and services through the Travoy application, which
        dilakukan pada ruas tol Jakarta-Bogor-Ciawi,                      has been carried out on the Jakarta-Bogor-Ciawi,
        Cawang-Tomang-Pluit, dan Ir. Sedyatmo. Pengguna                   Cawang-Tomang-Pluit, and Ir. Sedyatmo toll roads.
        jalan tol dapat melakukan pemesanan derek dan                     Toll road users can book towing services and make
        melakukan pembayaran secara nontunai melalui                      cashless payments through available payment
        kanal pembayaran yang tersedia, serta memantau                    channels, as well as monitor the status of the towing
        status derek.                                                     service.

C. Pengembangan Teknologi Preservasi                                C. Preservation Technology Development
   Dalam rangka penerapan teknologi di bidang preservasi,              As part of technology implementation in the preservation
   PT JMTM terus melakukan pengembangan inovasi                        field, PT JMTM continues to develop preservation
   teknologi preservasi, antara lain:                                  technology innovations, including:
   1. Penilaian Keselamatan iRAP Star Rating, yakni                    1. iRAP Star Rating Safety Assessment, which is a road
      penilaian kinerja keselamatan jalan melalui Star                      safety performance assessment through Star Rating
      Rating dengan alat hawkeye 2000 yang merupakan                        using the Hawkeye 2000, a special vehicle equipped
      kendaraan khusus berteknologi pintar guna                             with smart technology to measure road conditions
      mengukur kondisi jalan dengan lebih akurat berupa                     more accurately in the form of geometric data, road
      data geometrik, data aset jalan, maupun kondisi                       asset data, and road conditions. By the end of 2025,
      jalan. Sampai dengan akhir tahun 2025, iRAP Star                      iRAP Star Rating will have been implemented on 5
      Rating telah dilakukan di 5 (lima) ruas jalan tol.                    (five) toll road sections.
   2. Pengembangan Aplikasi Smart Penerangan Jalan                     2. Development of the Smart Public Street Lighting
      Umum (PJU), yaitu sistem yang mengintegrasikan PJU                    (PJU) App, which is a system that integrates toll road
      jalan tol dengan perangkat Internet of Things (IoT)                   street lighting with Internet of Things (IoT) devices
      berupa beberapa sensor dan jaringan komunikasi;                       in the form of several sensors and communication
      yang ditampilkan dalam sebuah aplikasi web-                           networks; this is displayed in a web-based app to
      based sehingga mempermudah dalam melakukan                            facilitate monitoring of street lighting conditions
      monitoring kondisi PJU dan perbaikan. Beberapa                        and repairs. Some features of the Smart PJU App
      fitur pada Aplikasi Smart PJU, antara lain yaitu:                     include: (1) turning PJU lights on and off directly
      (1) penyalaan dan pemadaman lampu PJU langsung                        from the app; (2) setting schedules for turning PJU
      dari aplikasi; (2) pengaturan jadwal penyalaan dan                    lights on and off; (3) setting PJU light dimming to
      pemadaman lampu PJU; (3) pengaturan peredupan                         save electricity; (4) checking the status of street
      (dimming) lampu PJU untuk menghemat listrik;                          lights, including location, on/off status, electricity
      (4) pengecekan status lampu PJU, yaitu lokasi,                        consumption, damage, etc. The app development
      kondisi menyala atau padam, pengeluaran daya                          has been underway since 2022, and by 2025, Smart
      listrik, kerusakan, dll. Proses pengembangan aplikasi                 PJU will be implemented with a total of 956 poles on
      ini sudah berjalan sejak tahun 2022, dimana pada                      the Jakarta-Bogor-Ciawi, Cawang-Tomang-Pluit, Ir.
      tahun 2025 telah diimplementasikan penggunaan                         Sedyatmo, Cikampek-Padalarang, and Padalarang-
      Smart PJU dengan total 956 tiang di Ruas Tol Jakarta-                 Cileunyi toll roads.
      Bogor-Ciawi, Cawang-Tomang-Pluit, Ir. Sedyatmo,
      Cikampek-Padalarang, dan Padalarang-Cileunyi.




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




     3. Bridge Inspection MOOG, merupakan sistem                           3. MOOG Bridge Inspection is a gantry-type bridge
        manajemen jembatan Bridge Inspection MOOG                             management system. This technology records
        dengan tipe gantry. Teknologi ini mencatat kondisi                    bridge conditions, provides technical bridge data,
        jembatan, menyediakan data teknis jembatan                            and assists field personnel in accessing areas or
        serta membantu tenaga lapangan untuk dapat                            performing components on bridges that are difficult
        mengakses area atau komponen pada jembatan                            to reach or at extreme heights. Some conditions that
        yang sulit dijangkau atau dengan ketinggian yang                      can benefit from this bridge inspection tool include
        ekstrem. Sejumlah kondisi yang bisa memanfaatkan                      bridges with high piers, bridges over rivers where
        alat inspeksi jembatan ini antara lain jembatan                       scaffolding or sky workers cannot be installed, and
        dengan pier yang tinggi, jembatan yang berada di                      bridges with heavy traffic underneath. By the end
        atas sungai sehingga tidak memungkinkan untuk                         of 2025, Bridge Inspection will have been used for
        dipasang perancah atau sky worker serta jembatan                      inspections on the MBZ Flyover and six bridges on
        dengan lalu lintas yang padat di bawahnya. Sampai                     the Semarang-Solo section.
        dengan akhir tahun 2025, Bridge Inspection telah
        digunakan untuk pemeriksaan di Jembatan Layang
        MBZ dan 6 jembatan di Ruas Semarang-Solo.
     4. Early Warning System – Genangan, yaitu teknologi                   4. Early Warning System – Flooding, which is a
        untuk membantu pelaksana lapangan dalam                               technology to assist field operators in monitoring
        memonitor kondisi titik rawan genangan di jalan tol                   flood-prone areas on toll roads with the help of
        dengan bantuan deteksi ultrasonik maupun elektroda.                   ultrasonic detection and electrodes. In 2025, this
        Di tahun 2025, sistem ini telah diimplementasikan di                  system will have been implemented at 14 points
        14 titik yang tersebar di Jabodetabekdung.                            spread across Jabodetabekdung.
     5. Jasamarga Integrated Maintenance Management                        5. The      Jasamarga       Integrated      Maintenance
        System (JIMMS), merupakan aplikasi database                           Management System (JIMMS) is a digital database
        digital layanan preservasi yang memuat seluruh data-                  application for preservation services that contains all
        data terkait pemeliharaan secara terintegrasi untuk                   maintenance-related data in an integrated manner
        tercapainya penyampaian informasi laporan layanan                     to enable the delivery of real-time service reports.
        Real-Time. Sampai dengan akhir tahun 2025, ITE                        By the end of 2025, ITE Jasa Marga has developed
        Jasa Marga telah mengembangkan submodul antara                        submodules including: Environmental Performance,
        lain: Kinerja Lingkungan, Inventarisasi Perkerasan,                   Pavement Inventory, Routine Pavement Inspection,
        Inspeksi Rutin Perkerasan, dan Inventarisasi                          and Drainage Inventory. Additionally, there are
        Drainase. Selain itu, terdapat beberapa submodul                      several submodules that are currently still under
        yang saat ini masih dalam tahap pengembangan.                         development.


Pemanfaatan Teknologi dan Inovasi                                     Technology Utilization and Service
Layanan                                                               Innovation
Sebagai bagian dari komitmen menuju pengelolaan jalan                 As part of its commitment to reliable and globally competitive
tol yang andal dan berdaya saing global, Jasa Marga                   toll road management, Jasa Marga continues to strengthen
terus memperkuat pemanfaatan teknologi digital dalam                  the use of digital technology across all operational lines.
seluruh lini operasional. Transformasi digital tidak hanya            Digital transformation is not only focused on improving
difokuskan pada peningkatan efisiensi internal, tetapi juga           internal efficiency but also on creating a safe, comfortable,
diarahkan untuk menciptakan pengalaman perjalanan yang                and sustainable travel experience for toll road users.
aman, nyaman, dan berkelanjutan bagi pengguna jalan tol.              Throughout 2025, the Company, through its subsidiaries, will
Sepanjang tahun 2025, Perseroan melalui entitas anak terus            continue to develop various smart systems and platforms as
mengembangkan berbagai sistem dan platform cerdas                     the foundation of a smart toll road ecosystem.
sebagai fondasi smart toll road ecosystem.




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Ikhtisar Kinerja Utama              Laporan Manajemen              Profil Perusahaan            Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report              Company Profile              Management Discussion and Analysis          Business Support Functions




                     Travoy Apps

           Travoy apps merupakan platform layanan pelanggan digital terpadu yang menjadi kanal
           utama interaksi antara Jasa Marga dan pengguna jalan tol. Aplikasi ini menyediakan beragam
           fitur layanan perjalanan, seperti informasi lalu lintas real-time, lokasi Tempat Istirahat dan
           Pelayanan (TIP), resi digital, serta kanal pengaduan dan bantuan darurat. Pengembangan
           Travoy apps diarahkan menjadi ecosystem-based platform yang terintegrasi dengan data
           operasional JMTC dan sistem transportasi cerdas lainnya, guna memberikan layanan yang
           lebih proaktif, personal, dan responsif terhadap kebutuhan pengguna.
           Travoy app is an integrated digital customer service platform that serves as the main channel
           of interaction between Jasa Marga and toll road users. This app provides a variety of travel
           service features, such as real-time traffic information, the location of Rest and Service Areas
           (TIP), digital receipts, as well as a channel for complaints and emergency assistance. The
           development of Travoy app aims to create an ecosystem-based platform integrated with
           JMTC operational data and other smart transportation systems to provide more proactive,
           personalized, and responsive services tailored to user needs.




          Sistem Transportasi Cerdas (ATMS & IMS)
                                                                                                          Electronic Toll Collection (ETC)
              Smart Transportation System (ATMS & IMS)


        Dalam rangka meningkatkan keselamatan dan kelancaran                                  Transformasi digital juga diwujudkan melalui implementasi
        arus lalu lintas, Perseroan menerapkan Advanced Traffic                               Travoy GO, yaitu sistem Electronic Toll Collection (ETC) melalui
        Management System (ATMS) dan Incident Management                                      teknologi transaksi nirsentuh Single Lane Free Flow (SLFF)
        System (IMS) yang mampu memantau kondisi lalu lintas                                  berbasis Radio-Frequency Identification (RFID). Sistem ini
        secara real-time dan memberikan rekomendasi penanganan                                meningkatkan efisiensi transaksi tol dengan mempercepat
        secara preskriptif. Melalui integrasi dengan Jasa Marga                               proses pembayaran tanpa henti, memperluas opsi pembayaran
        Integrated Digitalmap (JID), sistem ini mendukung deteksi                             digital, serta menekan antrian di gerbang tol. Selain memberikan
        dini insiden, analisis kepadatan lalu lintas, serta koordinasi                        kemudahan bagi pengguna, pengembangan ETC turut
        lintas instansi dalam pengelolaan arus kendaraan di seluruh                           memperkuat infrastruktur data untuk mendukung inovasi bisnis
        jaringan tol nasional.                                                                berbasis loyalitas pelanggan dan integrasi layanan lintas moda
        To improve traffic safety and flow, the Company implements an                         transportasi.
        Advanced Traffic Management System (ATMS) and an Incident                             Digital transformation is also realized through Travoy GO
        Management System (IMS) that monitor traffic conditions in                            implementation, which is an Electronic Toll Collection (ETC)
        real time and provide prescriptive recommendations for incident                       system using Single Lane Free Flow (SLFF) contactless transaction
        management. Through integration with Jasa Marga Integrated                            technology based on Radio-Frequency Identification (RFID). This
        Digitalmap (JID), this system supports early incident detection,                      system enhances toll transaction efficiency by accelerating the
        traffic density analysis, and inter-agency coordination in                            non-stop payment process, expanding digital payment options,
        managing vehicle flow across the national toll road network.                          and reducing queues at toll gates. In addition to providing
                                                                                              convenience for users, the development of ETC strengthens the
                                                                                              data infrastructure to support customer loyalty-based business
                                                                                              innovation and cross-modal transportation service integration.




         Teknologi Pemantauan Kecepatan dan Beban
                Speed and Weigh Monitoring Technology


      Jasa Marga menerapkan teknologi pemantauan kecepatan dan beban kendaraan secara otomatis
      untuk menjaga keselamatan dan kepatuhan pengguna jalan tol. Melalui sensor digital dan smart
      CCTV yang terhubung dengan dashboard monitoring. Perseroan dapat melakukan analisis perilaku
      lalu lintas, mendeteksi pelanggaran batas kecepatan dan beban kendaraan, serta memetakan
      potensi risiko keselamatan di berbagai ruas. Data ini juga menjadi bagian penting dari sistem analitik
      prediktif dalam mendukung keputusan operasional dan pemeliharaan berbasis data.
      Jasa Marga implements automatic vehicle speed and weigh monitoring technology to ensure the safety
      and compliance of toll road users. Through digital sensors and smart CCTV connected to monitoring
      dashboard. The Company can analyze traffic behavior, detect speed and vehicle load violations, and
      map potential safety risks on various roads. This data is also an important part of the predictive analytics
      system in supporting data-driven operational and maintenance decisions.




454                                                                                           Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 455
06                                    07                                       08
Tata Kelola Perusahaan                Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance             Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




           Intelligent Tollroad Maintenance System                                                Jasa Marga Tollroad Command
                              (ITMS)                                                                     Center (JMTC)

      Dalam aspek pemeliharaan, Perseroan melalui PT Jasamarga                          Sebagai pusat kendali operasional nasional, Jasa Marga Tollroad
      Tollroad Maintenance (JMTM) mengembangkan Intelligent                             Command Center (JMTC) berperan strategis dalam memastikan
      Tollroad Maintenance System (ITMS) sebagai sistem manajemen                       kelancaran operasional di seluruh ruas jalan tol. JMTC memanfaatkan
      pemeliharaan berbasis digital. ITMS memanfaatkan data kondisi                     integrasi data dari sistem ATMS, CCTV, sensor lalu lintas, serta laporan
      jalan secara real-time untuk mengoptimalkan jadwal perawatan,                     dari aplikasi Travoy untuk memantau kondisi lalu lintas selama 24 jam.
      pemantauan mutu pekerjaan, dan pengelolaan anggaran                               Melalui sistem kendali terpusat ini, respons terhadap insiden, kondisi
      pemeliharaan. Implementasi ITMS memungkinkan pengambilan                          darurat, maupun kepadatan lalu lintas dapat dilakukan secara cepat
      keputusan yang lebih cepat dan akurat, sekaligus mendukung                        dan terkoordinasi, sehingga mendukung terciptanya standar layanan
      efisiensi biaya serta peningkatan standar kualitas infrastruktur jalan            jalan tol yang andal, aman, dan berkinerja tinggi.
      tol.                                                                              As the national operational control center, the Jasa Marga Tollroad
      In terms of maintenance, through PT Jasamarga Tollroad Maintenance                Command Center (JMTC) plays a strategic role in ensuring smooth
      (JMTM), the Company has developed the Intelligent Tollroad                        operations across all toll road sections. JMTC utilizes data integration
      Maintenance System (ITMS) as a digital-based maintenance                          from the ATMS system, CCTV, traffic sensors, and reports from the
      management system. ITMS utilizes real-time road condition data to                 Travoy app to monitor traffic conditions 24 hours a day. Through this
      optimize maintenance schedules, monitor work quality, and manage                  centralized control system, responses to incidents, emergencies,
      maintenance budgets. The implementation of ITMS enables faster, more              and traffic congestion can be carried out quickly and in a coordinated
      accurate decision-making, supports cost efficiency, and improves the              manner, thereby supporting the creation of reliable, safe, and high-
      quality standards of toll road infrastructure.                                    performance toll road service standards.




Biaya Pengembangan Teknologi Informasi                                           Information Technology Development
                                                                                 Budget
Implementasi TI pada bisnis inti dan bisnis pendukung                            The implementation of IT in core and supporting businesses
menjadi katalis bagi Perseroan dalam memperkokoh                                 has been a catalyst for the Company in strengthening
landasan untuk pertumbuhan yang berkelanjutan dalam                              its foundation for long-term sustainable growth. As
jangka panjang. Sebagai wujud komitmen tersebut,                                 a manifestation of this commitment, the Company
Perseroan secara konsisten mengalokasikan anggaran                               consistently allocates an adequate IT budget that is in line
TI yang memadai dan selaras dengan prioritas strategis                           with the company’s strategic priorities. Throughout 2025, IT
perusahaan. Sepanjang tahun 2025, realisasi investasi TI                         investment realisation was recorded at Rp59,458,902,445, a
tercatat sebesar Rp59.458.902.445, mengalami penurunan                           decrease of 41% compared to the previous year. This decline
sebesar 41% dibandingkan tahun sebelumnya. Penurunan ini                         reflects more selective and priority-based optimisation of IT
mencerminkan optimalisasi belanja TI yang lebih selektif dan                     spending, without reducing the Company’s focus on making
berbasis prioritas, tanpa mengurangi fokus Perseroan dalam                       IT a key pillar of business sustainability and competitiveness
menjadikan TI sebagai pilar utama keberlanjutan dan daya                         in the future.
saing bisnis di masa mendatang.



Tata Kelola Teknologi Informasi                                                  Information Technology Governance
Tata Kelola Teknologi Informasi akan dibahas pada Bab Tata                       Information Technology Governance is available in the
Kelola Perusahaan dalam Laporan Tahunan ini.                                     Corporate Governance chapter of this Annual Report.




PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                                       455
Page 456
06               Tata Kelola Perusahaan
                 Good Corporate Governance
            Penerapan Tata Kelola Perusahaan          Hubungan Dewan Komisaris                      Kode Etik
                                                                                              742
            yang Baik                                 dan Direksi                                   Code of Conducts
      458
            Implementation of Good Corporate    596   Relationship between the Board
            Governance                                of Commissioners and Board of                 Kebijakan Anti Korupsi/Anti Fraud
                                                      Directors                                     dan Sosialisasinya
                                                                                              746
            Perkembangan Penerapan Tata                                                             Anti-Corruption/Anti-Fraud Policies
            Kelola Perusahaan yang Baik di            Pengungkapan Hubungan Afiliasi                and the Dissemination
                                                597
            Lingkup Perseroan Penetapan               Disclosure of Affiliated Relationship
            Standar Kualitas GCG di Lingkup                                                         Pengendalian Gratifikasi
                                                                                              749
      465   Perseroan                                 Keberagaman Komposisi Dewan                   Gratification Control
            Development of Good Corporate             Komisaris dan Direksi
                                                599                                                 Kebijakan Pengadaan Barang
            Governance Implementation in              Board of Commissioners and Board
                                                      of Directors Composition Diversity      756   dan Jasa
            the Establishment of GCG Quality
                                                                                                    Procurement Policy
            Standards in the Company
                                                      Organ dan Komite di
                                                      bawah Dewan Komisaris                         Laporan Harta Kekayaan
            Struktur Organ Tata Kelola          606
                                                      Organ and Committees under the                Penyelenggara Negara (LHKPN)
            Perusahaan                                                                        761
      490                                             Board of Commissioners                        State Officials’ Wealth Report
            Corporate Governance Organ                                                              (LHKPN)
            Structure                                 Organ dan Komite di bawah Direksi
                                                663   Organ and Committees under the          762   Whistleblowing System
            Pemegang Saham
                                                      Board of Directors
            dan Rapat Umum Pemegang Saham                                                           Kebijakan Insider Trading
      494                                                                                     767
            Shareholders and General Meetings         Kantor Akuntan Publik                         Insider Trading Policy
            of Shareholders                     704
                                                      Public Accounting Firm
                                                                                                    Informasi tentang Pembelian
            Dewan Komisaris                           Manajemen Risiko                              Kembali Saham dan Obligasi
      531                                       706                                           768
            Board of Commissioners                    Risk Management                               Information on Share and Bond
                                                                                                    Buybacks
            Komisaris Independen                      Sistem Pengendalian Internal
      557                                       732
            Independent Commissioner                  Internal Control System                       Penyediaan Dana untuk
                                                                                              768   Kegiatan Politik
            Direksi                                   Kebijakan Pemberian Kompensasi
      559                                                                                           Fund Provision for Political Activities
            Board of Directors                        Jangka Panjang Berbasis Kinerja
                                                735
                                                      Performance-Based Long-Term                   Transparansi Praktik
            Penilaian Kinerja Dewan Komisaris
                                                      Compensation Policy                           Bad Governance
            dan Direksi                                                                       768
                                                                                                    Transparency of Bad Governance
      581   Performance Assessment of the             Perkara Hukum
                                                735                                                 Practices
            Board of Commissioners and Board          Legal Issues
            of Directors                                                                            Tata Kelola Teknologi Informasi
                                                      Kebijakan Pengungkapan Informasi        769
                                                740                                                 Information Technology Governance
            Rapat Dewan Komisaris dan Direksi         Information Disclosure Policy
      584   Board of Commissioners and Board
            of Directors Meetings                     Komunikasi dan Akses Informasi
                                                      dan Data Perseroan untuk
            Nominasi dan Remunerasi bagi              Pemegang Saham dan Masyarakat
            Dewan Komisaris dan Direksi         740
                                                      Communication and Access to
      591   Nomination and Remuneration for           Company Information and Data for
            the Board of Commissioners and            Shareholders and the Public
            Board of Directors




      Melalui implementasi nilai-nilai yang didasarkan pada prinsip-prinsip GCG,
      Jasa Marga senantiasa memperkuat tata kelola korporat yang transparan
      dan akuntabel. Komitmen ini adalah landasan kami untuk mewujudkan
      pertumbuhan bisnis yang sehat, beretika, dan berkelanjutan.
      Through the implementation of values grounded in the principles of Good Corporate
      Governance (GCG), Jasa Marga consistently strengthens transparent and accountable
      corporate governance. This commitment serves as our foundation for achieving healthy,
      ethical, and sustainable business growth.

456                                                                   Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 457
PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report   457
Page 458
01                                02                          03                       04                                       05
Ikhtisar Kinerja Utama            Laporan Manajemen           Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report           Company Profile           Management Discussion and Analysis       Business Support Functions




     Rapat Umum Pemegang Saham Luar Biasa PT Jasa Marga (Persero) Tbk tanggal 17 Desember 2025
     Extraordinary General Meeting of Shareholders of PT Jasa Marga (Persero) Tbk dated December 17, 2025




Penerapan Tata Kelola Perusahaan yang Baik
Implementation of Good Corporate Governance

Jasa Marga senantiasa menunjukkan komitmen yang kuat                             Jasa Marga consistently demonstrates a strong commitment
dalam menerapkan prinsip-prinsip Tata Kelola Perusahaan                          to implementing the principles of Good Corporate
yang Baik (Good Corporate Governance/GCG) secara                                 Governance (GCG) in a consistent and sustainable manner.
konsisten dan berkesinambungan. Penerapan prinsip-                               The implementation of these principles is guided by the
prinsip tersebut berpedoman pada Peraturan Menteri BUMN                          Regulation of the Minister of State-Owned Enterprises
No. PER-2/MBU/03/2023 tentang Pedoman Tata Kelola dan                            No. PER-2/MBU/03/2023 on Guidelines for Governance and
Kegiatan Korporasi Signifikan Badan Usaha Milik Negara,                          Significant Corporate Activities of State-Owned Enterprises,
yang menjadi rujukan dalam penerapan prinsip Transparency,                       which serves as a reference for applying the principles of
Accountability, Responsibility, Independency, dan Fairness                       Transparency, Accountability, Responsibility, Independency,
(TARIF) dalam pengelolaan perusahaan. Melalui penerapan                          and Fairness (TARIF) in corporate management. Through the
prinsip-prinsip tersebut, Jasa Marga berupaya memastikan                         application of these principles, Jasa Marga seeks to ensure
bahwa seluruh aktivitas dan pengambilan keputusan                                that all activities and decision-making processes are carried
dilaksanakan secara transparan, akuntabel, bertanggung                           out in a transparent, accountable, responsible, independent,
jawab, independen, serta berkeadilan, sehingga mendukung                         and fair manner, thereby supporting the creation of
terciptanya nilai tambah yang berkelanjutan bagi seluruh                         sustainable added value for all stakeholders.
pemangku kepentingan.




458                                                                                   Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 459
06                                07                                              08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan                Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility                 Reference of POJK, SEOJK, and ARA Criteria




                                                        Makna Prinsip                                                     Komitmen Perseroan
                                                      Meaning of Principle                                                Company Commitment



T
       Transparansi             Prinsip transparansi yaitu keterbukaan dalam melaksanakan              Jasa Marga menjamin pengungkapan informasi materiil dan
       Transparency             proses pengambilan keputusan dan keterbukaan dalam                     relevan mengenai kinerja, kondisi keuangan dan informasi
                                mengungkapkan informasi material dan relevan mengenai                  lainnya secara jelas, memadai, akurat, dapat dibandingkan dan
                                Perseroan. Perseroan akan mematuhi peraturan perundang-                tepat waktu serta mudah diakses oleh stakeholders sesuai
                                undangan yang mengatur masalah keterbukaan informasi yang              dengan haknya. Prinsip keterbukaan ini tidak mengurangi
                                berlaku bagi Perseroan. Transparansi juga mencakup hal-hal             kewajiban untuk melindungi informasi rahasia mengenai
                                yang relevan dengan informasi yang dibutuhkan oleh publik              Perseroan dan Pelanggan serta Mitra Kerja sesuai dengan
                                berkaitan dengan produk dan aktivitas operasional Perseroan            peraturan perundangan-undangan yang berlaku.
                                yang secara potensial dapat memengaruhi perilaku pemangku              Jasa Marga guarantees the disclosure of material and relevant
                                kepentingan.                                                           information regarding its performance, financial condition, and
                                The transparency principle refers to openness in the decision-         other information in a manner that is clear, adequate, accurate,
                                making process and openness in disclosing material and                 comparable, timely, and easily accessible to stakeholders in
                                relevant information about the Company. The Company will               accordance with their rights. This principle of openness does
                                comply with laws and regulations governing information                 not diminish the obligation to protect confidential information
                                disclosure that apply to the Company. Transparency also                regarding the Company, its customers, and its partners in
                                covers matters pertinent to information needed by the public           accordance with applicable laws and regulations.
                                regarding the Company’s products and operational activities
                                that could potentially influence the behavior of stakeholders.




A
       Akuntabilitas            Prinsip akuntabilitas yaitu kejelasan fungsi, pelaksanaan              Jasa Marga menjamin kejelasan fungsi, hak, kewajiban,
       Accountability           dan pertanggungjawaban Organ Perseroan sehingga                        wewenang, dan pertanggungjawaban Jajaran Perseroan
                                pengelolaan Perseroan terlaksana secara efektif. Akuntabilitas         yang memungkinkan pengelolaan Perseroan terlaksana
                                berkaitan dengan pelaksanaan tugas dan wewenang yang                   secara efektif. Akuntabilitas merujuk kepada kewajiban
                                dimiliki seseorang atau satuan kerja dalam melaksanakan                seseorang atau organ kerja Perseroan yang berkaitan
                                tanggung jawab yang dibebankan Perseroan. Akuntabilitas ini            dengan pelaksanaan wewenang yang dimilikinya dan/
                                meliputi penjelasan atas pelaksanaan tugas dan wewenang,               atau pelaksanaan tanggung jawab yang dibebankan oleh
                                pelaporan atas pelaksanaan tugas dan wewenang, serta                   Perseroan kepadanya. Tiap kegiatan dapat diukur tanggung
                                pertanggungjawaban atas aktivitas dalam melaksanakan tugas             jawab dan ketepatan waktunya.
                                dan wewenang tersebut.                                                 Jasa Marga guarantees the clarity of the functions, rights,
                                The accountability principle refers to the clarity of the functions,   obligations, authorities, and responsibilities of the Company’s
                                implementation, and responsibilities of the Company’s organs so        management, which enables the effective management of
                                that the management of the Company is carried out effectively.         the Company. Accountability refers to the obligations of an
                                Accountability relates to the implementation of a person’s or work     individual or work unit of the Company related to the exercise
                                unit’s duties and authorities in carrying out the responsibilities     of their authority and/or the performance of responsibilities
                                assigned by the Company. This accountability includes                  assigned to them by the Company. Each activity can be
                                explanations of the implementation of duties and authorities,          measured in terms of responsibility and timeliness.
                                reporting on the implementation of duties and authorities, and
                                accountability for activities in carrying out these duties and
                                authorities.



                                Prinsip pertanggungjawaban yaitu kesesuaian di dalam                   Jasa Marga menjamin kesesuaian dalam melaksanakan
R
       Pertanggungjawaban
       Responsibility           pengelolaan Perseroan terhadap ketentuan peraturan                     aktivitas bisnisnya berdasarkan prinsip korporasi yang sehat,
                                perundang-undangan dan prinsip korporasi yang sehat.                   pemenuhan kewajiban terhadap Pemerintah sesuai peraturan
                                The responsibility principle is compliance in the management           yang berlaku, bekerja sama secara aktif untuk manfaat
                                of the Company with the provisions of laws and regulations             bersama dan berusaha untuk dapat memberikan kontribusi
                                and sound corporate principles.                                        yang nyata kepada masyarakat.
                                                                                                       Jasa Marga guarantees compliance in its business activities
                                                                                                       based on sound corporate principles, fulfillment of obligations
                                                                                                       to the Government in accordance with applicable regulations,
                                                                                                       active cooperation for mutual benefit, and efforts to make a
                                                                                                       real contribution to society.



                                Prinsip kemandirian yaitu keadaan di mana Perseroan                    Jasa Marga menjamin pengelolaan Perseroan secara
 I
       Kemandirian
       Independence             dikelola secara profesional tanpa benturan kepentingan dan             profesional tanpa benturan kepentingan dan pengaruh/
                                pengaruh/tekanan dari pihak manapun yang tidak sesuai                  tekanan dari pihak manapun yang tidak sesuai dengan
                                dengan ketentuan peraturan perundang-undangan dan                      peraturan perundangan-undangan yang berlaku dan prinsip-
                                prinsip korporasi yang sehat.                                          prinsip korporasi yang sehat.
                                The independence principle is a condition in which the                 Jasa Marga guarantees the Company’s professional
                                Company is managed professionally without conflicts of                 management without conflicts of interest and influence/
                                interest and influence/pressure from any party that is not in          pressure from any party that is not in accordance with
                                accordance with the provisions of laws and regulations and             applicable laws and regulations and sound corporate
                                sound corporate principles.                                            principles.




F      Keadilan dan Kesetaraan Prinsip keadilan dan kesetaraan yaitu dalam pemenuhan hak-              Jasa Marga menjamin perlakuan yang adil dan setara dalam
       Fairness and Equality   hak Pemegang Saham, manajemen, karyawan dan Pemangku                    memenuhi hak-hak stakeholders berdasarkan ketentuan dan
                               Kepentingan Perseroan lainnya, sebagaimana tercantum dalam              peraturan perundangan-undangan yang berlaku.
                               perjanjian. Hal ini juga mencakup perlakuan adil dan setara             Jasa Marga guarantees fair and equal treatment in fulfilling
                               kepada seluruh individu Perseroan, tanpa terkecuali, sesuai             the rights of stakeholders based on applicable laws and
                               dengan kebijakan dan peraturan yang berlaku.                            regulations.
                                The fairness and equality principle are the fulfillment of the
                                rights of Shareholders, management, employees, and other
                                stakeholders of the Company, as stated in the agreement.
                                This also includes fair and equal treatment of all individuals
                                in the Company, without exception, in accordance with
                                applicable policies and regulations.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                                               459
Page 460
01                                    02                               03                           04                                              05
Ikhtisar Kinerja Utama                Laporan Manajemen                Profil Perusahaan             Analisa dan Pembahasan Manajemen                Fungsi Penunjang Bisnis
Main Performace Highlights            Management Report                Company Profile               Management Discussion and Analysis              Business Support Functions




Selain menerapkan prinsip TARIF yang menjadi pedoman bagi                                   In addition to implementing the TARIF principles as a guideline
BUMN, Jasa Marga juga mengimplementasikan pilar-pilar                                       for State-Owned Enterprises, Jasa Marga also applies the pillars
governansi korporat yang mengacu pada Pedoman Umum                                          of corporate governance that refer to the 2021 Indonesian
Governansi Korporat Indonesia Tahun 2021 yang diterbitkan                                   General Guidelines on Corporate Governance issued by
oleh Komite Nasional Kebijakan Governansi (KNKG).                                           the National Committee on Governance Policy (KNKG).
Pedoman ini menjadi acuan nasional dalam mewujudkan tata                                    These guidelines serve as a national reference for realizing
kelola perusahaan yang selaras dengan praktik terbaik (best                                 corporate governance that is aligned with best practices and
practices) serta menjawab dinamika perubahan lingkungan                                     capable of responding to the dynamic changes in the business
bisnis dan ekspektasi para pemangku kepentingan.                                            environment and the expectations of stakeholders.

Pedoman Umum Governansi Korporat Indonesia pada                                             The Indonesian Corporate Governance General Guidelines
awalnya menggunakan prinsip dasar T.A.R.I.F, yang pertama                                   initially used the basic T.A.R.I.F principles, which were
kali diperkenalkan dalam Pedoman Umum Good Corporate                                        first introduced in the 2001 Indonesian Good Corporate
Governance Indonesia Tahun 2001 oleh KNKG. Seiring                                          Governance General Guidelines by the KNKG. As times
perkembangan zaman dan kebutuhan penyesuaian terhadap                                       changed and the need for adjustments to corporate
dinamika tata kelola korporasi, pedoman tersebut telah                                      governance dynamics arose, the guidelines underwent
mengalami beberapa kali pembaruan pada tahun 2006, 2019,                                    several revisions in 2006, 2019, and 2021. In the 2021 update,
dan terakhir pada tahun 2021. Dalam pembaruan tahun 2021,                                   the fundamental values of T.A.R.I.F. were transformed into
nilai-nilai dasar T.A.R.I.F bertransformasi menjadi empat                                   four pillars of corporate governance, i.e., ETAK (Ethical
pilar governansi korporat, yaitu ETAK (Perilaku Beretika,                                   Behavior, Transparency, Accountability, and Sustainability),
Transparansi, Akuntabilitas, dan Keberlanjutan), sebagai                                    as a form of adaptation to the latest developments in
bentuk adaptasi terhadap perkembangan terkini dalam                                         business practices and sustainability demands at the
praktik bisnis dan tuntutan keberlanjutan di tingkat nasional                               national and global levels.
maupun global.

                                                             Makna Prinsip                                                           Komitmen Perseroan
                                                           Meaning of Principle                                                      Company Commitment


E    Perilaku Beretika       Dalam melaksanakan kegiatannya, korporasi senantiasa mengedepankan                     Perseroan berkomitmen untuk menegakkan standar
     Ethical Behavior        kejujuran, memperlakukan semua pihak dengan hormat (respect), memenuhi                 etika tertinggi dalam interaksi dengan seluruh
                             komitmen, membangun serta menjaga nilai-nilai moral dan kepercayaan secara             pemangku kepentingan. Kami memastikan kepatuhan
                             konsisten. Korporasi memperhatikan kepentingan pemegang saham dan                      terhadap peraturan yang berlaku, menanamkan budaya
                             pemangku kepentingan lainnya berdasarkan asas kewajaran dan kesetaraan                 integritas, serta menerapkan kebijakan anti-korupsi dan
                             (fairness) dan dikelola secara independen sehingga masing-masing organ                 anti-penyuapan secara konsisten.
                             korporasi tidak saling mendominasi dan tidak dapat diintervensi oleh pihak lain.       The Company is committed to upholding the highest
                             In carrying out its activities, the corporation always prioritizes honesty, respects   ethical standards when interacting with all stakeholders.
                             all parties, fulfills its commitments, and consistently builds and maintains moral     We ensure compliance with applicable regulations, instill
                             values and trust. The corporation considers the interests of shareholders and          a culture of integrity, and consistently implement anti-
                             other stakeholders based on the principles of fairness and equality, and is            corruption and anti-bribery policies.
                             managed independently so that each corporate organ does not dominate the
                             other and cannot be interfered with by other parties.




T
     Transparansi            Untuk menjaga objektivitas dalam menjalankan bisnis, korporasi menyediakan             Perseroan berkomitmen untuk menyampaikan informasi
     Transparency            informasi yang material dan relevan dengan cara yang mudah diakses dan                 yang relevan secara terbuka dan mudah diakses oleh
                             dipahami oleh pemangku kepentingan. Korporasi mengambil inisiatif untuk                pemangku kepentingan. Kami menjunjung prinsip
                             mengungkapkan tidak hanya masalah yang disyaratkan oleh peraturan                      keterbukaan dalam komunikasi dan pengambilan
                             perundang-undangan, tetapi juga hal yang penting untuk pengambilan                     keputusan, serta memastikan kepatuhan terhadap
                             keputusan oleh pemegang saham, kreditur dan pemangku kepentingan lainnya.              regulasi yang mengatur keterbukaan informasi.
                             To maintain objectivity in conducting business, the corporation provides               The Company is committed to communicating relevant
                             material and relevant information that is easily accessible and understandable         information openly and in a manner that is easily
                             to stakeholders. The corporation takes the initiative to disclose not only matters     accessible to stakeholders. We uphold the principle of
                             required by law, but also matters important for decision-making by shareholders,       openness in communication and decision-making, and
                             creditors, and other stakeholders.                                                     ensure compliance with information disclosure regulations.



                             Korporasi dapat mempertanggungjawabkan kinerjanya secara transparan                    Perseroan berkomitmen untuk menerapkan sistem
A
     Akuntabilitas
     Accountability          dan wajar. Untuk itu korporasi harus dikelola secara benar, terukur dan sesuai         tata Kelola yang memastikan adanya mekanisme
                             dengan kepentingan korporat dengan tetap memperhitungkan kepentingan                   pertanggungjawaban yang jelas di setiap tingkatan
                             pemegang saham dan pemangku kepentingan. Akuntabilitas merupakan                       organisasi. Kami mendorong budaya kinerja yang
                             prasyarat yang diperlukan untuk mencapai kinerja yang berkelanjutan.                   bertanggung jawab, serta menerapkan sistem evaluasi
                             The corporation can be held accountable for its performance transparently              dan pengawasan yang transparan.
                             and reasonably. To that end, it must be appropriately managed, measurable,             The Company is committed to implementing a governance
                             and in accordance with corporate interests, while considering the interests            system that ensures clear accountability mechanisms at
                             of shareholders and stakeholders. Accountability is a prerequisite for                 every level of the organization. We encourage a culture
                             achieving sustainable performance.                                                     of responsible performance and implement transparent
                                                                                                                    evaluation and monitoring systems.




K
     Keberlanjutan           Korporasi mematuhi peraturan perundang-undangan serta berkomitmen                      Perseroan berkomitmen untuk mengintegrasikan prinsip
     Sustainability          melaksanakan tanggung jawab terhadap masyarakat dan lingkungan                         keberlanjutan dalam strategi bisnis dan operasional.
                             agar berkontribusi pada pembangunan berkelanjutan melalui kerja sama                   Kami berupaya mengurangi dampak lingkungan,
                             dengan semua pemangku kepentingan terkait untuk meningkatkan                           memberdayakan masyarakat, serta menerapkan praktik
                             kehidupan mereka dengan cara yang selaras dengan kepentingan bisnis                    bisnis yang bertanggung jawab guna mendukung
                             dan agenda pembangunan berkelanjutan.                                                  pertumbuhan yang inklusif dan berkelanjutan.
                             The corporation complies with laws and regulations and is committed                    The Company is committed to integrating sustainability
                             to fulfilling its responsibilities to society and the environment. It will             principles into its business and operational strategies.
                             contribute to sustainable development through cooperation with all                     We strive to reduce environmental impact, empower
                             relevant stakeholders to improve their lives in a way that aligns with                 communities, and implement responsible business
                             business interests and the sustainable development agenda.                             practices to support inclusive and sustainable growth.




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Dasar-Dasar Penerapan                                                 Basis of Implementation
Berbagai peraturan perundang-undangan yang bersifat                   Various formal laws and regulations form the basis for
formal, menjadi dasar penerapan Tata Kelola Perusahaan di             implementing Corporate Governance in the Company. These
Perseroan. Adapun berbagai peraturan tersebut, yaitu:                 regulations include:
1. Undang-Undang Republik Indonesia, di antaranya                     1. Laws of the Republic of Indonesia, including:
    adalah:
    a. Undang-Undang No. 8 Tahun 1995 tanggal                              a. Law No. 8 of 1995 dated November 10, 1995, on
        10 November 1995 tentang Pasar Modal yang                             Capital Markets, last amended by Law No. 4 of 2023
        terakhir telah diubah dengan Undang-Undang No. 4                      on Development and Strengthening of the Financial
        Tahun 2023 tentang Pengembangan dan Penguatan                         Sector.
        Sektor Keuangan.
    b. Undang-Undang No. 31 Tahun 1999 tanggal                             b. Law No. 31 of 1999 dated August 16, 1999, on
        16 Agustus 1999 tentang Pemberantasan Tindak                          Eradication of Corruption Crimes, which was last
        Pidana Korupsi yang terakhir telah diubah dengan                      amended by Law No. 30 of 2002 on the Corruption
        Undang-Undang No. 30 Tahun 2002 tentang Komisi                        Eradication Commission and partially revoked by
        Pemberantasan Tindak Pidana Korupsi dan dicabut                       Law No. 1 of 2023 on the Criminal Code.
        sebagian dengan Undang-Undang No. 1 Tahun 2023
        tentang Kitab Undang-Undang Hukum Pidana.
    c. Undang-Undang No. 19 Tahun 2003 tanggal 19                          c. Law No. 19 of 2003 dated June 19, 2003, on State-
        Juni 2003 tentang Badan Usaha Milik Negara                            Owned Enterprises, as amended several times,
        sebagaimana telah beberapa kali diubah, terakhir                      most recently by Law No. 1 of 2025 on the Third
        dengan Undang-Undang No. 16 Tahun 2025 tentang                        Amendment to Law No. 19 of 2003 on State-Owned
        Perubahan Keempat atas Undang-Undang Nomor 19                         Enterprises.
        Tahun 2003 tentang Badan Usaha Milik Negara.
    d. Undang-Undang No. 38 Tahun 2004 tanggal 18                          d. Law No. 38 of 2004 dated October 18, 2004, on
        Oktober 2004 tentang Jalan, yang terakhir telah                       Roads, which was last amended by Government
        diubah dengan Peraturan Pemerintah Pengganti                          Regulation in Lieu of Law No. 2 of 2022 on Job
        Undang-Undang No. 2 Tahun 2022 tentang Cipta                          Creation and stipulated as a Law in accordance with
        Kerja dan ditetapkan menjadi Undang-Undang                            Law No. 6 of 2023 on the Stipulation of Government
        sesuai Undang-Undang No. 6 Tahun 2023 tentang                         Regulation in Lieu of Law No. 2 of 2022 on Job
        Penetapan      Peraturan    Pemerintah   Pengganti                    Creation into Law.
        Undang-Undang No. 2 Tahun 2022 tentang Cipta
        Kerja menjadi Undang-Undang.
    e. Undang-Undang No. 40 Tahun 2007 tanggal 16                          e. Law No. 40 of 2007 dated August 16, 2007, on Limited
        Agustus 2007 tentang Perseroan Terbatas yang                          Liability Companies, last amended by Government
        terakhir telah diubah dengan Peraturan Pemerintah                     Regulation in Lieu of Law No. 2 of 2022 on Job
        Pengganti Undang-Undang No. 2 Tahun 2022                              Creation and stipulated as Law in accordance with
        tentang Cipta Kerja dan ditetapkan menjadi Undang-                    Law No. 6 of 2023 on the Stipulation of Government
        Undang sesuai Undang-Undang No. 6 Tahun 2023                          Regulation in Lieu of Law No. 2 of 2022 on Job
        tentang Penetapan Peraturan Pemerintah Pengganti                      Creation into Law.
        Undang-Undang No. 2 Tahun 2022 tentang Cipta
        Kerja menjadi Undang-Undang.
    f. Undang-Undang No. 11 Tahun 2008 tanggal 21 April                    f.   Law No. 11 of 2008 dated April 21, 2008, on Electronic
        2008 tentang Informasi dan Transaksi Elektronik                         Information and Transactions, as amended several
        sebagaimana telah diubah beberapa kali dengan                           times by Law No. 19 of 2016 dated November 25,
        Undang-Undang No. 19 Tahun 2016 tanggal                                 2016, on Amendments to Law No. 11 of 2008 on
        25 November 2016 tentang Perubahan atas Undang-                         Information and Electronic Transactions, and partially
        Undang No. 11 Tahun 2008 tentang Informasi dan                          repealed by Law No. 1 of 2023 on the Criminal Code.
        Transaksi Elektronik dan dicabut sebagian dengan
        Undang-Undang No. 1 Tahun 2023 tentang Kitab
        Undang-Undang Hukum Pidana.
    g. Undang-Undang No. 14 Tahun 2008 tanggal 30 April                    g. Law No. 14 of 2008 dated April 30, 2008, on Public
        2008 tentang Keterbukaan Informasi Publik.                            Information Disclosure.
    h. Undang-Undang No. 22 Tahun 2009 tanggal 22 Juni                     h. Law No. 22 of 2009 dated June 22, 2009, on
        2009 tentang Lalu Lintas dan Angkutan Jalan yang                      Road Traffic and Transportation, which was last
        terakhir telah diubah dengan Peraturan Pemerintah                     amended by Government Regulation in Lieu of Law
        Pengganti Undang-Undang No. 2 Tahun 2022                              No. 2 of 2022 on Job Creation and stipulated as a
        tentang Cipta Kerja dan ditetapkan menjadi Undang-                    Law in accordance with Law No. 6 of 2023 on the
        Undang sesuai Undang-Undang No. 6 Tahun 2023                          Stipulation of Government Regulation in Lieu of Law
        tentang Penetapan Peraturan Pemerintah Pengganti                      No. 2 of 2022 on Job Creation into Law.
        Undang-Undang No. 2 Tahun 2022 tentang Cipta
        Kerja menjadi Undang-Undang.




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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan           Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile             Management Discussion and Analysis       Business Support Functions




     i.
      Undang-Undang No. 8 Tahun 2010 tanggal                           i.     Law No. 8 of 2010 dated October 22, 2010, on the
      22 Oktober 2010 tentang Pencegahan dan                                  Prevention and Eradication of Money Laundering,
      Pemberantasan Tindak Pidana Pencucian Uang                              which has been partially revoked by Law No. 1 of
      yang telah dicabut sebagian dengan Undang-                              2023 on the Criminal Code.
      Undang No. 1 Tahun 2023 tentang Kitab Undang-
      Undang Hukum Pidana.
2. Peraturan Pemerintah, di antaranya adalah:                       2. Government Regulations, including:
   a. Peraturan Pemerintah No. 23 Tahun 2024 tanggal 20                a. Government Regulation No. 23 on 2024, dated May
      Mei 2024 tentang Jalan Tol.                                         20, 2024 on Toll Roads.
   b. Peraturan Pemerintah No. 45 Tahun 2005 tanggal                   b. Government Regulation No. 45 of 2005 dated
      25 Oktober 2005 tentang Pendirian, Pengawasan                       October 25, 2005, on the Establishment, Supervision
      dan Pembubaran Badan Usaha Milik Negara,                            and Dissolution of State-Owned Enterprises, as
      sebagaimana telah diubah dengan Peraturan                           amended by Government Regulation No. 23 of 2022
      Pemerintah No. 23 Tahun 2022 tentang Perubahan                      on Amendments to Government Regulation No. 45
      atas Peraturan Pemerintah No. 45 Tahun 2005                         of 2005 dated June 8, 2022, on the Establishment,
      tanggal 8 Juni 2022 tentang Pendirian, Pengurusan,                  Management, Supervision, and Dissolution of State-
      Pengawasan, Dan Pembubaran Badan Usaha Milik                        Owned Enterprises.
      Negara.
3. Peraturan Menteri Badan Usaha Milik Negara, di                   3. Minister of State-Owned Enterprises Regulations,
   antaranya adalah:                                                   including:
   a. Peraturan Menteri Badan Usaha Milik Negara                       a. Minister of State-Owned Enterprises Regulation
      No.     PER-9/MBU/06/2021      tentang   Pelaporan                   No. PER-9/MBU/06/2021 on Reporting of Gratuities
      Gratifikasi di Lingkungan Kementerian Badan Usaha                    within the Ministry of State-Owned Enterprises
      Milik Negara tanggal 16 Juli 2021.                                   dated July 16, 2021.
   b. Peraturan Menteri Badan Usaha Milik Negara No. PER-              b. Minister of State-Owned Enterprises Regulation
      01/MBU/01/2015 tanggal 14 Januari 2015 tentang                       No. PER-01/MBU/01/2015 dated January 14, 2015,
      Pedoman Penanganan Benturan Kepentingan di                           on Guidelines for Handling Conflicts of Interest
      Lingkungan Kementerian Badan Usaha Milik Negara.                     within the Ministry of State-Owned Enterprises.
   c. Peraturan Menteri Badan Usaha Milik Negara                       c. Minister of State-Owned Enterprises Regulation
      No. PER-13/MBU/10/2015 tanggal 8 Oktober 2015                        No. PER-13/MBU/10/2015 dated October 8, 2015,
      tentang Pedoman Pengelolaan Sistem Pelaporan                         on Guidelines for the Management of the Reporting
      Dugaan Pelanggaran di Lingkungan Kementerian                         System for Alleged Violations within the Ministry of
      Badan Usaha Milik Negara.                                            State-Owned Enterprises.
   d. Peraturan Menteri BUMN No. PER-1/MBU/03/2023                     d. Minister of SOE Regulation No. PER-1/MBU/03/2023
      tanggal 24 Maret 2023 tentang Penugasan                              dated March 24, 2023, on Special Assignments and
      Khusus dan Program Tanggung Jawab Sosial dan                         Social and Environmental Responsibility Programs of
      Lingkungan Badan Usaha Milik Negara.                                 State-Owned Enterprises.
   e. Peraturan Menteri Badan Usaha Milik Negara                       e. Minister of State-Owned Enterprises Regulation
      No. PER-2/MBU/03/2023, tanggal 24 Maret 2023,                        No. PER-2/MBU/03/2023, dated March 24, 2023, on
      tentang Pedoman Tata Kelola dan Kegiatan Korporasi                   Guidelines for Corporate Governance and Significant
      Signifikan Badan Usaha Milik Negara.                                 Corporate Activities of State-Owned Enterprises.
   f. Peraturan Menteri Badan Usaha Milik Negara                       f. Minister of State-Owned Enterprises Regulation
      No. PER-3/MBU/03/2023, tanggal 24 Maret 2023,                        No. PER-3/MBU/03/2023, dated March 24, 2023,
      tentang Organ dan Sumber Daya Manusia Badan                          on Organs and Human Resources of State-Owned
      Usaha Milik Negara.                                                  Enterprises.
4. Peraturan Otoritas Jasa Keuangan (OJK), di antaranya             4. Financial Services Authority (OJK) Regulations,
   adalah:                                                             including:
   a. Peraturan Otoritas Jasa Keuangan No. 33/                         a. Financial Services Authority Regulation No. 33/
      POJK.04/2014 tanggal 8 Desember 2014 tentang                         POJK.04/2014 dated December 8, 2014, on the
      Direksi dan Dewan Komisaris Emiten atau Perusahaan                   Board of Directors and Board of Commissioners of
      Publik.                                                              Issuers or Public Companies.
   b. Peraturan Otoritas Jasa Keuangan No. 34/                         b. Financial Services Authority Regulation No. 34/
      POJK.04/2014 tanggal 8 Desember 2014 tentang                         POJK.04/2014 dated December 8, 2014, on the
      Komite Nominasi dan Remunerasi Emiten atau                           Nomination and Remuneration Committee of Issuers
      Perusahaan Publik.                                                   or Public Companies.
   c. Peraturan Otoritas Jasa Keuangan No. 35/                         c. Financial Services Authority Regulation No. 35/
      POJK.04/2014 tanggal 8 Desember 2014 tentang                         POJK.04/2014 dated December 8, 2014, on the
      Sekretaris Perusahaan Emiten atau Perusahaan Publik.                 Company Secretaries of Issuers or Public Companies.




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




     d. Peraturan Otoritas Jasa Keuangan No. 08/                           d. Financial Services Authority Regulation No. 08/
        POJK.04/2015 tanggal 25 Juni 2015 tentang Situs                       POJK.04/2015 dated June 25, 2015, on the Websites
        Web Emiten atau Perusahaan Publik.                                    of Issuers or Public Companies.
     e. Peraturan Otoritas Jasa Keuangan No. 21/                           e. Financial Services Authority Regulation No. 21/
        POJK.04/2015 tanggal 16 November 2015 tentang                         POJK.04/2015 dated November 16, 2015, on the
        Penerapan Pedoman Tata Kelola Perusahaan                              Implementation of Corporate Governance Guidelines
        Terbuka.                                                              for Public Companies.
     f. Peraturan Otoritas Jasa Keuangan No. 30/                           f. Financial Services Authority Regulation No. 30/
        POJK.04/2015 tanggal 16 Desember 2015 tentang                         POJK.04/2015 dated December 16, 2015, on Reports
        Laporan     Realisasi  Penggunaan     Dana    Hasil                   on the Realization of the Use of Proceeds from
        Penawaran Umum.                                                       Public Offerings.
     g. Peraturan Otoritas Jasa Keuangan No. 31/                           g. Financial Services Authority Regulation No. 31/
        POJK.04/2015 tanggal 16 Desember 2015 tentang                         POJK.04/2015 dated December 16, 2015, on
        Keterbukaan atas Informasi atau Fakta Material oleh                   Disclosure of Material Information or Facts by Issuers
        Emiten atau Perusahaan Publik.                                        or Public Companies.
     h. Surat Edaran Otoritas Jasa Keuangan No. 32/                        h. Financial Services Authority Circular Letter
        SEOJK.04/2015 tanggal 17 November 2015 tentang                        No. 32/SEOJK.04/2015 dated November 17, 2015, on
        Pedoman Tata Kelola Perusahaan Terbuka.                               Guidelines for the Governance of Public Companies.
     i. Peraturan Otoritas Jasa Keuangan No. 55/                           i. Financial Services Authority Regulation No. 55/
        POJK.04/2015 tanggal 23 Desember 2015 tentang                         POJK.04/2015 dated December 23, 2015, on the
        Pembentukan dan Pedoman Pelaksanaan Kerja                             Establishment and Implementation Guidelines of the
        Komite Audit.                                                         Audit Committee.
     j. Peraturan Otoritas Jasa Keuangan No. 56/                           j. Financial Services Authority Regulation No. 56/
        POJK.04/2015 tanggal 23 Desember 2015 tentang                         POJK.04/2015 dated December 23, 2015, on the
        Pembentukan dan Pedoman Penyusunan Piagam                             Establishment and Guidelines for the Preparation of
        Unit Audit Internal.                                                  Internal Audit Unit Charters.
     k. Peraturan Otoritas Jasa Keuangan No. 29/                           k. Financial Services Authority Regulation No. 29/
        POJK.04/2016 tanggal 29 Juli 2016 tentang                             POJK.04/2016 dated July 29, 2016, on the Obligation
        Kewajiban Penyampaian Laporan Tahunan bagi                            to Submit Annual Reports for Issuers and Public
        Emiten dan Perusahaan Publik.                                         Companies.
     l. Peraturan Otoritas Jasa Keuangan No. 11/                           l. Financial Services Authority Regulation No. 11/
        POJK.04/2017 tanggal 14 Maret 2017 tentang                            POJK.04/2017 dated March 14, 2017, on Reports on
        Laporan Kepemilikan atau Setiap Perubahan                             Ownership or Any Changes in Ownership of Shares
        Kepemilikan Saham Perusahaan Terbuka.                                 in Public Companies.
     m. Peraturan Otoritas Jasa Keuangan No. 51/                           m. Financial Services Authority Regulation No.
        POJK.03/2017 tanggal 18 Juli 2017 tentang                             51/POJK.03/2017 dated July 18, 2017, on the
        Penerapan Keuangan Berkelanjutan bagi Lembaga                         Implementation of Sustainable Finance for Financial
        Jasa Keuangan, Emiten, dan Perusahaan Publik.                         Services Institutions, Issuers, and Public Companies.
     n. Peraturan Otoritas Jasa Keuangan No. 58/                           n. Financial Services Authority Regulation No. 58/
        POJK.04/2017 tanggal 6 Desember 2017 tentang                          POJK.04/2017 dated December 6, 2017, on the
        Penyampaian       Pernyataan   Pendaftaran     atau                   Electronic Submission of Registration Statements or
        Pengajuan Aksi Korporasi secara Elektronik.                           Corporate Action Submissions.
     o. Peraturan Otoritas Jasa Keuangan No. 75/                           o. Financial Services Authority Regulation No. 75/
        POJK.04/2017 tanggal 21 Desember 2017 tentang                         POJK.04/2017 dated December 21, 2017, on the
        Tanggung Jawab Direksi atas Laporan Keuangan.                         Responsibility of the Board of Directors for Financial
                                                                              Statements.
     p. Peraturan Otoritas Jasa Keuangan No. 7/                            p. Financial Services Authority Regulation No. 7/
        POJK.04/2018 tanggal 25 April 2018 tentang                            POJK.04/2018 dated April 25, 2018, on the
        Penyampaian Laporan melalui Sistem Pelaporan                          Submission of Reports through the Electronic
        Elektronik Emiten atau Perusahaan Publik.                             Reporting System for Issuers or Public Companies.
     q. Peraturan Otoritas Jasa Keuangan No. 15/                           q. Financial Services Authority Regulation No. 15/
        POJK.04/2020 tanggal 20 April 2020 tentang                            POJK.04/2020 dated April 20, 2020, on the Plan and
        Rencana dan Penyelenggaraan Rapat Umum                                Implementation of General Meetings of Shareholders
        Pemegang Saham Perusahaan Terbuka.                                    of Public Companies.
     r. Peraturan Otoritas Jasa Keuangan No. 16/                           r. Financial Services Authority Regulation No. 16/
        POJK.04/2020 tanggal 20 April 2020 tentang                            POJK.04/2020 dated April 20, 2020, on the
        Pelaksanaan Rapat Umum Pemegang Saham                                 Implementation of Electronic General Meetings of
        Perusahaan Terbuka secara Elektronik.                                 Shareholders of Public Companies.
     s. Peraturan Otoritas Jasa Keuangan No. 17/                           s. Financial Services Authority Regulation No. 17/
        POJK.04/2020 tanggal 20 April 2020 tentang                            POJK.04/2020 dated April 20, 2020, on Material
        Transaksi Material dan Perubahan Kegiatan Usaha.                      Transactions and Changes in Business Activities.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                            463
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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan             Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile               Management Discussion and Analysis       Business Support Functions




     t.
      Peraturan Otoritas Jasa Keuangan No. 42/                           t. Financial Services Authority Regulation No. 42/
      POJK.04/2020 tanggal 01 Juli 2020 tentang Transaksi                   POJK.04/2020 dated July 1, 2020, on Affiliated
      Afiliasi dan Transaksi Benturan Kepentingan.                          Transactions and Conflicts of Interest Transactions.
   u. Peraturan Otoritas Jasa Keuangan No. 49/                           u. Financial Services Authority Regulation No. 49/
      POJK.04/2020 tanggal 11 Desember 2020 tentang                         POJK.04/2020 dated December 11, 2020, on the
      Pemeringatan Efek Bersifat Utang dan/atau Sukuk.                      Rating of Debt Securities and/or Sukuk.
   v. Peraturan Otoritas Jasa Keuangan No. 14/                           v. Financial Services Authority Regulation No. 14/
      POJK.04/2022 tanggal 18 Agustus 2022 tentang                          POJK.04/2022 dated August 18, 2022, on the
      Penyampaian Laporan Keuangan Berkala Emiten                           Submission of Periodic Financial Reports by Issuers
      atau Perusahaan Publik.                                               or Public Companies.
   w. Peraturan Otoritas Jasa Keuangan No. 15/                           w. Financial Services Authority Regulation No. 15/
      POJK.04/2022 tanggal 18 Agustus 2022 tentang                          POJK.04/2022 dated August 18, 2022, on Stock
      Pemecahan Saham dan Penggabungan Saham oleh                           Splits and Stock Mergers by Public Companies.
      Perusahaan Terbuka.
5. Peraturan Bursa Efek Indonesia (BEI), di antaranya               5. Indonesian Stock Exchange (IDX) Regulations, including
   Peraturan Bursa Efek Indonesia No. I-E tentang                      Indonesian Stock Exchange Regulation No. I-E on
   Kewajiban Penyampaian Informasi dan perubahannya.                   Information Disclosure Obligations and its amendments.

Selain ketentuan berupa peraturan perundang-undangan                In addition to the provisions in the laws and regulations, Jasa
Jasa Marga juga mendasarkan penerapan GCG di Perseroan              Marga bases the implementation of GCG in the Company by
dengan mengacu pada berbagai pedoman GCG, sebagai                   referring to various GCG guidelines, as follows:
berikut:
1. Prinsip-prinsip   Corporate    Governance       yang             1. Corporate Governance Principles developed by
    dikembangkan oleh Organization for Economic                        the Organization for Economic Cooperation and
    Cooperation and Development (OECD) tahun 2015.                     Development (OECD) in 2015.
2. ASEAN Corporate Governance Scorecard tahun 2017.                 2. The ASEAN Corporate Governance Scorecard of 2017.
3. Pedoman Umum Governansi Korporat Indonesia                       3. The General Guidelines for Indonesian Corporate
    yang dikembangkan oleh Komite Nasional Kebijakan                   Governance developed by the National Committee on
    Governansi (KNKG) tahun 2021.                                      Corporate Governance (KNKG) in 2021.


Tujuan Penerapan GCG                                                Objectives of GCG Implementation
Tujuan penerapan GCG di Jasa Marga dituangkan dalam                 The objectives of implementing GCG at Jasa Marga are
Pedoman Tata Kelola Perusahaan yang Baik, sebagaimana               outlined in the Good Corporate Governance Guidelines, as
telah disahkan melalui Keputusan Direksi PT Jasa Marga              ratified by PT Jasa Marga (Persero) Tbk Board of Directors
(Persero) Tbk No. 46/KPTS/2024 tanggal 22 Maret 2024.               Decree No. 46/KPTS/2024 dated March 22, 2024.

Tujuan dari penerapan GCG pada Perseroan adalah:                    The objectives of implementing GCG in the Company are:
1. Mengendalikan dan mengarahkan hubungan antara                    1. To control and direct the relationships between
    Pemegang Saham, Dewan Komisaris, Direksi, Karyawan,                Shareholders, the Board of Commissioners, the Board of
    Pengguna Jalan Tol/Pelanggan Lainnya, Mitra Usaha,                 Directors, Employees, Toll Road Users/Other Customers,
    Kreditur/Investor, serta Masyarakat dan Lingkungan.                Business Partners, Creditors/Investors, as well as the
                                                                       Community and the Environment.
2. Mendorong      dan     mendukung     pengembangan,               2. To encourage and support developing and managing the
   pengelolaan risiko Perseroan secara lebih hati-hati                 Company’s risks in a more prudent, accountable, and
   (prudent), akuntabel, dan bertanggung jawab sejalan                 responsible manner in line with GCG principles.
   dengan prinsip-prinsip GCG.
3. Memaksimalkan nilai Perseroan agar Perseroan memiliki            3. To maximize the Company’s value so that it has strong
   daya saing yang kuat, baik secara nasional maupun                   national and international competitiveness.
   internasional.
4. Memberdayakan fungsi dan kemandirian masing-masing               4. To empower the functions and independence of each of
   Organ Perseroan.                                                    the Company’s organs.
5. Mendorong pengelolaan Perseroan secara profesional,              5. Encourage professional, effective, and efficient
   efektif dan efisien demi tercapainya Visi dan Misi                  management of the Company to achieve its Vision and
   Perseroan.                                                          Mission.
6. Mendorong agar pengelola Perseroan dalam membuat                 6. Encourage the Company’s management to make
   keputusan dan menjalankan tindakan dilandasi nilai                  decisions and take actions based on high moral values
   moral yang tinggi dan kepatuhan terhadap peraturan                  and compliance with applicable laws and regulations, as
   perundang-undangan yang berlaku serta kesadaran                     well as awareness of the Company’s social responsibility.
   akan adanya tanggung jawab sosial Perseroan.
7. Meningkatkan pertanggungjawaban kepada stakeholders.             7.   Increase accountability to stakeholders.




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




8. Mencegah terjadinya penyimpangan dalam pengelolaan                 8. Preventing irregularities in the management of the
    Perseroan.                                                           Company.
9. Meningkatkan pencitraan Perseroan (image) yang                     9. Improving the Company’s image.
    semakin baik.
10. Meningkatkan kontribusi Perseroan dalam perekonomian              10. Increasing the Company’s contribution to the national
    nasional.                                                             economy.
11. Menciptakan Insan Jasa Marga yang bersih dari segala              11. Creating Jasa Marga employees who are free from all
    bentuk penyuapan.                                                     forms of bribery.




Perkembangan Penerapan Tata Kelola Perusahaan
yang Baik di Lingkup Perseroan Penetapan
Standar Kualitas GCG di Lingkup Perseroan
Development of Good Corporate Governance Implementation in
the Establishment of GCG Quality Standards in the Company

Komitmen Jasa Marga akan pentingnya penerapan GCG,                    Jasa Marga's commitment to the importance of
diwujudkan dengan mengadopsi berbagai standar terbaik dan             implementing GCG is realized by adopting various best
best practice dalam penerapan GCG, baik yang berlaku secara           standards and best practices in the implementation of
nasional maupun internasional. Dalam lingkup penetapan                GCG, both nationally and internationally. In setting quality
standar kualitas penerapan GCG, Perseroan mengacu pada                standards for GCG implementation, the Company refers
kebijakan dan ketentuan dalam lingkup nasional sebagaimana            to national policies and regulations as stipulated in the
diatur dalam Peraturan Menteri Badan Usaha Milik Negara               Minister of State-Owned Enterprises Regulation No. PER-
No. PER-2/MBU/03/2023 tanggal 24 Maret 2023 tentang                   2/MBU/03/2023 dated March 24, 2023, on Guidelines for
Pedoman Tata Kelola dan Kegiatan Korporasi Signifikan Badan           Corporate Governance and Significant Corporate Activities
Usaha Milik Negara. Peraturan tersebut merupakan peraturan            of State-Owned Enterprises. This regulation is the latest
terbaru yang mengatur mengenai Tata Kelola Perusahaan                 Minister of SOE Regulation governing Good Corporate
yang Baik di BUMN, yang mencabut peraturan sebelumnya                 Governance, which revokes the previous regulation, namely
yaitu Peraturan Menteri BUMN No. PER-01/MBU/2011 tentang              Minister of SOE Regulation No. PER-01/MBU/2011 on the
Penerapan Tata Kelola Perusahaan yang Baik (Good Corporate            Implementation of Good Corporate Governance in State-
Governance) pada Badan Usaha Milik Negara, sebagaimana                Owned Enterprises, as amended by PER-09/MBU/2012. In
diubah dengan PER-09/MBU/2012. Selain mengacu kepada                  addition to referring to the Minister of SOE Regulation, the
Peraturan yang berlaku bagi BUMN, penerapan GCG                       Company's implementation of GCG refers to the Indonesian
Perseroan juga mengacu pada Pedoman Umum Governansi                   Corporate Governance Guidelines (PUGKI) issued by the
Korporat Indonesia (PUGKI) yang dikeluarkan oleh KNKG pada            KNKG in 2021, which contains 4 (four) pillars as the basis
tahun 2021, di mana terdapat 4 (empat) pilar sebagai landasan         for PUGKI principles, i.e., Ethical Behavior, Transparency,
prinsip-prinsip PUGKI, yaitu Perilaku Beretika, Transparansi,         Accountability, and Sustainability. Meanwhile, for other
Akuntabilitas dan Keberlanjutan. Sedangkan acuan lainnya              global references, the Company refers to the principles of
yang bersifat global, Perseroan mengacu pada prinsip-prinsip          Corporate Governance developed by the Organization for
Corporate Governance yang dikembangkan oleh Organization              Economic Cooperation and Development (OECD) in 2015.
for Economic Cooperation and Development (OECD) tahun
2015.

Penerapan GCG oleh Perseroan memerlukan penilaian                     The implementation of GCG by the Company requires a
secara rutin setiap tahunnya untuk mengukur sejauh mana               routine annual assessment to measure the extent to which
GCG telah diimplementasikan. Dalam melakukan penilaian                GCG has been implemented. In assessing the implementation
atas implementasi GCG, Perseroan menggunakan kriteria                 of GCG, the Company uses criteria and methodologies
dan metodologi berdasarkan Surat Edaran Otoritas Jasa                 based on Financial Services Authority Circular Letter No. 32/
Keuangan No. 32/SEOJK.04/2015 tentang Pedoman                         SEOJK.04/2015 on Corporate Governance Guidelines and
Tata Kelola Perusahaan serta penetapan standar kualitas               establishing GCG implementation quality standards
penerapan GCG yang berlaku di Asia Tenggara, yaitu ASEAN              applicable in Southeast Asia, namely the ASEAN Corporate
Corporate Governance Scorecard (ACGS).                                Governance Scorecard (ACGS).




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                           465
Page 466
01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Kebijakan-kebijakan yang menjadi acuan penerapan                    The policies that serve as a reference for the implementation
GCG di Jasa Marga, mengatur peran dari masing-masing                of GCG at Jasa Marga regulate the roles of each organ of the
organ Perseroan, baik Rapat Umum Pemegang Saham                     Company, including the General Meeting of Shareholders
(RUPS) sebagai mekanisme utama dalam melindungi dan                 (GMS) as the main mechanism for protecting and exercising
melaksanakan hak-hak Pemegang Saham, Dewan Komisaris                the rights of Shareholders, the Board of Commissioners
sebagai fungsi pengawasan dan pemberian nasihat kepada              as the supervisory and advisory function to the Board of
Direksi, maupun Direksi sebagai fungsi pengelolaan dan              Directors, and the Board of Directors as the management and
pengurusan Perseroan. Masing-masing organ Perseroan,                administration function of the Company. Each organ of the
memiliki tugas dan tanggung jawab yang saling bersinergi            Company has tasks and responsibilities that work together
dalam mencapai tujuan Perseroan. Kebijakan yang berlaku,            synergistically to achieve the Company's objectives. The
mengatur organ Perseroan agar melaksanakan fungsinya                applicable policies regulate the organs of the Company
secara utuh dan sesuai dengan ketentuan yang berlaku.               to carry out their functions fully and in accordance with
                                                                    applicable regulations.

Pelaksanaan fungsi sesuai peraturan tersebut merupakan              Implementing these functions in accordance with the
wujud komitmen Perseroan dalam menjaga integritas,                  regulations manifests the Company's commitment to
yang tidak hanya mencerminkan kepatuhan terhadap                    maintaining integrity, which not only reflects compliance
hukum, tetapi juga memberikan dampak positif bagi                   with the law but also has a positive impact on the Company.
Perseroan. Dengan menerapkan prinsip ini, Perseroan                 By applying this principle, the Company can strengthen
dapat memperkuat reputasi, meningkatkan efektivitas                 its reputation, improve operational effectiveness, and
operasional, serta memastikan keberlanjutan bisnis                  ensure long-term business sustainability. Compliance
dalam jangka panjang. Kepatuhan terhadap regulasi yang              with applicable regulations also reflects the Company's
berlaku juga mencerminkan tanggung jawab Perseroan                  responsibility to create a transparent and ethical business
dalam menciptakan lingkungan bisnis yang transparan dan             environment, thereby building stakeholder trust and
beretika, sehingga mampu membangun kepercayaan dari                 supporting stable and sustainable growth.
pemangku kepentingan serta mendukung pertumbuhan
yang stabil dan berkelanjutan.


Peta Jalan Pengembangan GCG                                         GCG Development Roadmap
Jasa Marga memiliki komitmen yang kuat dan konsisten                Jasa Marga is strongly committed to implementing GCG
dalam menerapkan GCG di Perseroan. Sejak pertama kali               in the Company. Since the commitment to fully implement
ditetapkan komitmen penerapan GCG secara penuh pada                 GCG was first established in 2005, the Company has
tahun 2005, Perseroan telah mengalami perkembangan                  experienced positive developments and trends in the
dan tren yang baik dalam penerapan GCG. Hal tersebut                implementation of GCG. The Company realizes this through
diwujudkan oleh Perseroan melalui konsistensi penerapan             the consistent application of GCG principles in all of the
prinsip-prinsip GCG dalam setiap aktivitas operasional              Company’s operational activities. In addition, the Company
Perseroan. Di samping itu, Perseroan juga berusaha                  strives to improve and refine the implementation of GCG
memperbaiki dan menyempurnakan penerapan GCG di                     within the Company by building awareness among the
Perseroan, dengan membangun kesadaran pada insan                    Company’s personnel of the importance of implementing
Perseroan akan pentingnya penerapan GCG, maupun                     GCG, as well as establishing various supporting policies.
penetapan berbagai kebijakan pendukung. Perseroan                   The Company hopes that the consistent implementation of
berharap, melalui konsistensi penerapan GCG dapat                   GCG can increase its value in the eyes of all stakeholders.
mendorong peningkatan nilai Perseroan di hadapan seluruh            The development of GCG implementation within Jasa Marga
pemangku kepentingan. Perkembangan penerapan GCG di                 from 2005 to 2025 can be described as follows:
lingkungan Jasa Marga sejak tahun 2005 sampai dengan
tahun 2025, dapat dijabarkan sebagai berikut:




466                                                                     Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
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06                                       07                                             08
Tata Kelola Perusahaan                   Tanggung Jawab Sosial Perusahaan               Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance                Corporate Social Responsibility                Reference of POJK, SEOJK, and ARA Criteria




Bagan Jejak Langkah Penerapan Tata Kelola Perseroan di Jasa Marga dan Komitmen Pelaksanaan Sistem Manajemen Anti Penyuapan
Chart of Steps Taken to Implement Corporate Governance at Jasa Marga and Commitment to Implementing an Anti-Bribery Management System




           2005-2009


          1.         Kick-off Penerapan GCG:                                               1.    GCG Implementation Kick-off:
                     a.   Etika Usaha                                                            a.   Business Ethics
                     b. Etika Kerja                                                              b. Work Ethics
                     c.   Statement Corporate Intent                                             c.   Statement of Corporate Intent
                     d. Board Manual                                                             d. Board Manual
                     e.   Laporan Kepatuhan                                                      e.   Compliance Report
                     f.   Penjabaran Visi Misi dan RJPP                                          f.   Explanation of Vision and Mission and RJPP
          2.         Penandatanganan Pakta Integritas Manajemen Perseroan dalam            2.    Signing of the Company Management Integrity Pact in
                     Penerapan GCG dan Diperbaharui Setiap Tahun                                 Implementing GCG and Renewed Every Year
          3.         Review Pedoman GCG Perseroan dan Kelengkapan Soft Structure           3.    Review of the Company’s GCG Guidelines and Completeness of
                     GCG Perseroan                                                               the Company’s GCG Soft Structure
          4.         Review Prosedur Pengadaan Barang dan Jasa di Lingkungan               4.    Review of Goods and Services Procurement Procedures within
                     Perseroan                                                                   the Company



           2010-2015


          1.         Rakornas Pengendalian Gratifikasi dengan Komisi Pemberantasan         1.    National Coordination Meeting on Gratification Control with the
                     Korupsi (KPK) Republik Indonesia                                            Corruption Eradication Commission (KPK) of the Republic of Indonesia
          2.         Penjabaran Tata Nilai                                                 2.    Elaboration of Values
          3.         Revitalisasi Unit Pengendali Gratifikasi                              3.    Revitalization of the Gratification Control Unit
          4.         Review Pedoman GCG (COCG, COC, Benturan Kepentingan dan               4.    Review of GCG Guidelines (COCG, COC, Conflict of Interest, and
                     Gratifikasi)                                                                Gratification)
          5.         Sosialisasi Gratifikasi Bekerja Sama dengan Komisi Pemberantasan      5.    Dissemination of Gratification in Collaboration with the Corruption
                     Korupsi (KPK) Republik Indonesia sebagai Narasumber                         Eradication Commission (KPK) of the Republic of Indonesia as a
                                                                                                 Resource Person
          6.         Pelaksanaan Sharing Knowledge Kepatuhan Emiten sesuai                 6.    Implementation of Sharing Knowledge on Issuer Compliance in
                     dengan Peraturan Pasar Modal di Marga Lingkar Jakarta sebagai               accordance with Capital Market Regulations in Marga Lingkar Jakarta
                     Anak Perusahaan yang merupakan Emiten                                       as a Subsidiary that is an Issuer
          7.         Penambahan Saluran Pelaporan Whistleblowing System Email,            7.    Addition of Reporting Channels for the Whistleblowing System (Email,
                     Website, SMS, Whatsapp dan PO BOX)                                          Website, SMS, WhatsApp, and PO BOX)
          8.         Sosialisasi GCG (Gratifikasi dan WBS) Tahun 2019                      8.    Dissemination of GCG (Gratification and WBS) in 2019
          9.         Update Keputusan Direksi tentang COC dan COCG                         9.    Update on the Board of Directors’ Decrees on COC and COCG
          10.        Sosialisasi Gratifikasi dan LHKPN oleh Tim WBS                        10.   Dissemination of Gratification and LHKPN by the WBS Team
          11.        Persiapan Implementasi SNI ISO 37001 Sistem                           11.   Preparation for the Implementation of the SNI ISO 37001 System
          12.        Sistem Manajemen Anti Penyuapan (SMAP)                                12.   Anti-Bribery Management System (SMAP)
          13.        Sertifikasi SNI ISO 37001 SMAP Lingkup Direktorat Utama Kantor        13.   SNI ISO 37001 SMAP Certification for the Main Directorate of the Head
                     Pusat                                                                       Office
          14.        Update Keputusan Direksi tentang COC, COCG, Benturan                  14.   Update on the Board of Directors’ Decrees on COC, COCG, Conflicts of
                     Kepentingan, Gratifikasi, dan Whistleblowing System                         Interest, Gratuities, and Whistleblowing System




           2016-2020


               1.     Pedoman Tata Kelola Perusahaan (COCG/Code of                1.      Code of Corporate Governance (COCG)
                      Corporate Governance)
               2.     Pedoman Perilaku (COC/Code of Conduct)                      2.  Code of Conduct (COC)
               3.     Tata Nilai dan Budaya Perseroan                             3.  Corporate Values and Culture
               4.     Review Pengelolaan Manajemen Risiko Perseroan               4.  Review of Corporate Risk Management
               5.     Review Pedoman GCG Perseroan (COCG dan COC)                 5.  Review of Corporate GCG Guidelines (COCG and COC)
               6.     Pedoman Benturan Kepentingan                                6.  Conflict of Interest Guidelines
               7.     Pedoman Gratifikasi                                         7.  Gratuities Guidelines
               8.     Penandatanganan Pakta Integritas oleh Seluruh Insan         8.  Signing of Integrity Pact by All Jasa Marga Employees,
                      Jasa Marga yang Diperbaharui Setiap Tahun                       Renewed Annually
               9.     Komitmen Jasa Marga Bersih antara Manajemen dengan          9. Clean Jasa Marga Commitment between Management
                      Serikat Karyawan Jasa Marga                                     and Jasa Marga Employee Union
               10.    Persiapan Infrastruktur                                     10. Infrastructure Preparation
               11.    Whistleblowing System WBS                                 11. Whistleblowing System (WBS)
               12.    Go Live Whistleblowing System                               12. Go Live Whistleblowing System
               13.    Komitmen Program Pengendalian Gratifikasi dengan            13. Commitment to the Gratification Control Program with the
                      Komisi Pemberantasan Korupsi (KPK) Republik Indonesia           Corruption Eradication Commission (KPK) of the Republic
                                                                                      of Indonesia
               14.    Review Board Manual dan Pedoman GCG                         14. Review Board Manual and GCG Guidelines
               15.    Program BUMN Bersih                                         15. BUMN Bersih Program
               16.    Implementasi Program Pengendalian Gratifikasi               16. Implementation of the Gratification Control Program
               17.    Review Pedoman Gratifikasi                                  17. Review of Gratuity Guidelines
               18.    Pembentukan Tim Pengendali Gratifikasi                      18. Establishment of a Gratification Control Team
               19.    Perbaikan Proses Bisnis Perseroan                           19. Improvement of Company Business Processes
               20.    Implementasi Budaya Perseroan                               20. Implementation of Company Culture
               21.    Survey Visi, Misi, dan Tata Nilai                           21. Survey of Vision, Mission, and Values



PT Jasa Marga (Persero) Tbk           Laporan Tahunan 2025 Annual Report                                                                                       467
Page 468
01                                02                          03                         04                                              05
Ikhtisar Kinerja Utama            Laporan Manajemen           Profil Perusahaan           Analisa dan Pembahasan Manajemen                Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report           Company Profile             Management Discussion and Analysis              Business Support Functions




Bagan Jejak Langkah Penerapan Tata Kelola Perseroan di Jasa Marga dan Komitmen Pelaksanaan Sistem Manajemen Anti Penyuapan
Chart of Steps Taken to Implement Corporate Governance at Jasa Marga and Commitment to Implementing an Anti-Bribery Management System




        2021-2025




      1.    Sertifikasi SNI ISO 37001 SMAP Lingkup Kantor Pusat        1.    SNI ISO 37001 SMAP Certification for Head Office
      2.    Tim Champion SNI ISO 37001 SMAP                            2.    SNI ISO 37001 SMAP Champion Team
      3.    Review Board Manual                                        3.    Board Manual Review
      4.    Integrasi WBS dengan Aplikasi KPK                          4.    Integration of WBS with KPK App
      5.    Sertifikasi SNI ISO 37001 SMAP Lingkup Kantor Pusat,       5.    SNI ISO 37001 SMAP Certification for Head Office,
            Regional Metropolitan, dan Regional Nusantara                    Metropolitan Region, and Nusantara Region
      6.    Review Manual SMAP dan Kebijakan Anti Penyuapan            6.    Review of SMAP Manual and Anti-Bribery Policy
      7.    Persiapan Implementasi SNI ISO 37001 SMAP di Anak          7.    Preparation for the Implementation of SNI ISO 37001 SMAP
            Perusahaan Pengoperasian Jalan Tol                               in Toll Road Operating Subsidiaries
      8.    Benchmark implementasi SMAP di PT Perusahaan Listrik       8.    Benchmarking of SMAP implementation at PT Perusahaan
            Negara untuk persiapan penerapan di Anak Perusahaan PT           Listrik Negara in preparation for implementation at PT Jasa
            Jasa Marga (Persero) Tbk                                         Marga (Persero) Tbk subsidiaries
      9.    Review Kebijakan terkait Whistleblowing System (WBS) dan   9.    Review of Policies related to the Whistleblowing System
            Gratifikasi                                                      (WBS) and Gratuities
      10.   Sosialisasi tentang Pencegahan Tindak Pidana Korupsi       10.   Dissemination on the Prevention of Corruption through
            melalui Upaya Pengendalian Gratifikasi dan Benturan              Gratification Control and Conflict of Interest in Collaboration
            Kepentingan Bekerja Sama dengan Komisi Pemberantasan             with the Corruption Eradication Commission (KPK) of the
            Korupsi (KPK) Republik Indonesia sebagai Narasumber              Republic of Indonesia as a Resource Person
      11.   Sosialisasi tentang Whistleblowing System Bekerja Sama     11.   Dissemination on the Whistleblowing System in Collaboration
            dengan Konsultan PT Deloitte Advis Indonesia sebagai             with PT Deloitte Advis Indonesia as a Resource Person
            Narasumber
      12.   Sosialisasi Sistem Manajemen Anti Penyuapan (SMAP)         12.   Dissemination of the Anti-Bribery Management System
                                                                             (SMAP)
      13. Ratifikasi beberapa Peraturan Menteri BUMN dalam Rapat       13.   Ratification of several Minister of SOE Regulations at the
          Umum Pemegang Saham Tahunan Periode Tahun Buku                     Annual General Meeting of Shareholders for the 2022 Fiscal
          2022:                                                              Year:
          a.    Peraturan Menteri BUMN No. PER-1/MBU/03/2023                 a.    Minister of SOE Regulation No. PER-1/MBU/03/2023
                tanggal 24 Maret 2023 tentang Penugasan Khusus                     dated March 24, 2023, on Special Assignments and
                dan Program Tanggung Jawab Sosial dan Lingkungan                   Social and Environmental Responsibility Programs of
                Badan Usaha Milik Negara.                                          State-Owned Enterprises.
          b. Peraturan Menteri BUMN No. PER-2/MBU/03/2023                    b. Minister of SOE Regulation No. PER-2/MBU/03/2023
                tanggal 24 Maret 2023, tentang Pedoman Tata Kelola                 dated March 24, 2023, on Guidelines for Governance
                dan Kegiatan Korporasi Signifikan Badan Usaha Milik                and Significant Corporate Activities of State-Owned
                Negara.                                                            Enterprises.
          c.    Peraturan Menteri BUMN No. PER-3/MBU/03/2023                 c.    Minister of SOE Regulation No. PER-3/MBU/03/2023
                tanggal 24 Maret 2023, tentang Organ dan Sumber                    dated March 24, 2023, on Organs and Human
                Daya Manusia Badan Usaha Milik Negara.                             Resources of State-Owned Enterprises.
          d. Pelaksanaan Survey Efektivitas Whistleblowing System            d. Implementation of a Survey on the Effectiveness of the
                oleh seluruh Karyawan.                                             Whistleblowing System by all Employees.
      14. Pembuatan pelaporan dan pengisian form gratifikasi secara    14.   Preparation of reports and filling out forms for gratuities
          digital melalui aplikasi JM Click                                  digitally through the JM Click application
      15. Pembuatan Aplikasi Selia untuk penyampaian dan monitoring    15.   Creation of the Selia Application for the submission and
          Bribery Risk Assessment oleh masing-masing Unit Kerja              monitoring of Bribery Risk Assessment by each Work Unit to
          kepada Fungsi Kepatuhan Anti Penyuapan (FKAP)                      the Anti-Bribery Compliance Function (FKAP)
      16. Penandatanganan         komitmen  whistleblowing  system     16.   Signing of the integrated whistleblowing system commitment
          terintegrasi oleh seluruh Anak Perusahaan di lingkungan            by all Subsidiaries within the Jasa Marga Group
          Jasa Marga Grup
      17. Peringatan Hari Anti Korupsi Sedunia (Hakordia)              17.   Commemoration of World Anti-Corruption Day (Hakordia)
      18. Penyusunan Pedoman Tata Kelola Terintegrasi (TKT)            18.   Preparation of Integrated Governance Guidelines (TKT)
      19. Pembentukan Komite TKT                                       19.   Formation of the TKT Committee
      20. Penyusunan dan Launching Pedoman Anti-Fraud                  20.   Preparation and Launching of Anti-Fraud Guidelines
      21. Penyusunan Daftar Kewajiban Kepatuhan Compliance            21.   Preparation of a Compliance Obligation List
          Obligation List)
      22. Pembuatan aplikasi Regulatory Compliance System (RCS)        22. Creation of a Regulatory Compliance System (RCS)
                                                                           application




468                                                                                     Laporan Tahunan 2025 Annual Report          PT Jasa Marga (Persero) Tbk
Page 469
06                                   07                                       08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




                                                         Peta Jalan Implementasi ISO 37001
                                                         ISO 37001 Implementation Roadmap
                                      Persiapan                                          Pembentukan Fungsi
                                      Implementasi SNI                                   Kepatuhan Anti               Sosialisasi dan   Sertifikasi SMAP
                                      ISO 37001 Sistem            Penyesuaian            Penyuapan (FKAP)             Awareness         Lingkup Direktorat
                                      Manajemen Anti Suap         Kebijakan-Kebijakan    Establishment                SMAP              Utama
                                      Preparation of SNI ISO      terhadap SMAP          of Anti-Bribery              SMAP              SMAP Certification
                                      37001 Anti-Bribery          Policy Adjustments     Compliance Function          Dissemination     for the Main
                                      Management System           to SMAP                (FKAP)                       and Awareness     Directorate


    2020

                            Sertifikasi SMAP
                                                                                                Sertifikasi SMAP
                            Lingkup Anak
                                                                                                Lingkup Kantor
                            Perusahaan Jasa
                                                                                                Pusat dan Regional
                            Marga
                                                                                                SMAP Certification
                            SMAP Certification
                                                                                                for Head Office and
                            for Jasa Marga
                                                                                                Regional Offices
                            Subsidiaries

                                                  2022-2028                                                                2021-2022



                  Gambar Komitmen Pelaksanaan Sistem Manajemen Anti Penyuapan (SMAP) Perseroan Tahun 2025
                        Company Commitment to Implementing Anti-Bribery Management System (SMAP) in 2025




Sosialisasi GCG di Lingkup Perseroan                                            GCG Dissemination in the Company
Jasa Marga secara rutin melaksanakan sosialisasi GCG                            Jasa Marga routinely conducts GCG socialization activities
setiap tahunnya. Sosialisasi GCG ini dilaksanakan sebagai                       on an annual basis. These GCG socialization programs are
upaya dalam meningkatkan pemahaman Insan Jasa                                   implemented as an effort to enhance the understanding
Marga akan pentingnya penerapan GCG, dan membangun                              of Jasa Marga People regarding the importance of GCG
kesadaran Insan Jasa Marga di setiap lini untuk senantiasa                      implementation and to build awareness at all levels to
menerapkan prinsip-prinsip GCG dalam melaksanakan                               consistently apply GCG principles in the performance of
tugas dan fungsinya.                                                            their duties and functions.

Pada tahun 2025, Perseroan telah melaksanakan sosialisasi                       In 2025, the Company carried out the following GCG-related
berkenaan dengan GCG, sebagai berikut:                                          socialization activities:
1. Sosialisasi Implementasi Tata Kelola Terintegrasi melalui                    1. Socialization of Integrated Governance Implementation
   CEO Message yang dipublikasikan kepada seluruh                                   through a CEO Message published to all Jasa Marga
   karyawan Jasa Marga pada tanggal 13 Juni 2025.                                   employees on June 13, 2025.
2. Publikasi Komitmen dan Implementasi Tata Kelola                              2. Publication of Commitments and Implementation of
   Perusahaan yang Baik, Pengendalian Gratifikasi,                                  Good Corporate Governance, Gratuity Control, the
   Sistem Manajemen Anti Penyuapan (SMAP) dan                                       Anti-Bribery Management System (ABMS), and Fraud
   Pencegahan Fraud, yang dipublikasikan melalui surat                              Prevention, disseminated through nationally circulated
   kabar berperedaran nasional dan media sosial resmi                               newspapers and Jasa Marga’s official social media
   Jasa Marga pada periode menjelang hari-hari besar di                             channels in the period leading up to major occasions,
   antaranya HUT Jasa Marga, Idul Fitri serta Natal dan                             including Jasa Marga’s Anniversary, Eid al-Fitr, and
   Tahun Baru, yaitu pada 27 Februari 2025, 24 April 2025,                          Christmas and New Year, on February 27, 2025, April 24,
   dan 22 Desember 2025.                                                            2025, and December 22, 2025.



PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                              469
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01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




3. Sosialisasi Implementasi Sistem Manajamen Anti                   3. Socialization of the Implementation of the Anti-Bribery
   Penyuapan (SMAP), Strategi Anti-Fraud, dan Sistem                   Management System (ABMS), Anti-Fraud Strategy, and
   Pelaporan Pelanggaran (Whistleblowing System/WBS)                   the Whistleblowing System (WBS) of PT Jasa Marga
   PT Jasa Marga (Persero) Tbk melalui surel kepada                    (Persero) Tbk, delivered via email to all employees on
   seluruh karyawan pada tanggal 29 Oktober 2025.                      October 29, 2025.
4. Peringatan Hari Anti Korupsi Sedunia (Hakordia) pada             4. Commemoration of International Anti-Corruption
   tanggal 15 Desember 2025 dengan penyelenggaraan                     Day (Hakordia) on December 15, 2025 through the
   Legal Summit dengan menghadirkan 3 (tiga) narasumber                organization of a Legal Summit featuring 3 (three)
   pada acara ini dan masing-masing memberikan paparan                 speakers, each of whom delivered presentations aligned
   yang selaras dengan tema Hakordia 2025 yang diangkat                with the Company’s Hakordia 2025 theme, namely
   oleh Perseroan yaitu “Penegakan Tindak Pidana Korupsi               “Enforcement of Corruption Crimes from the Perspective
   Ditinjau dari Prinsip Business Judgement Rule”.                     of the Business Judgment Rule”.


Perkembangan GCG di Tahun 2025                                      GCG Development in 2025
Jasa Marga senantiasa melakukan langkah-langkah                     Jasa Marga continuously undertakes improvement and
perbaikan dan perkembangan dalam penerapan GCG.                     development initiatives in the implementation of Good
Perkembangan pada tahun 2025 di antaranya adalah                    Corporate Governance (GCG). Developments in 2025
sebagai berikut:                                                    included, among others, the following:
1. Implementasi Regulatory Compliance System (RCS)                  1. Implementation of the Regulatory Compliance System
   dalam penyusunan Daftar Kewajiban Kepatuhan                          (RCS) in the preparation of the Compliance Obligation
   (Compliance Obligation List) PT Jasa Marga                           List of PT Jasa Marga (Persero) Tbk.
   (Persero) Tbk.
2. Integrasi Bribery Risk Assessment (BRA) ke dalam Fraud           2. Integration of the Bribery Risk Assessment (BRA) into
   Risk Assessment (FRA).                                              the Fraud Risk Assessment (FRA).
3. Sosialiasi Undang-Undang No. 1 Tahun 2025 tentang                3. Socialization of Law No. 1 of 2025 concerning the Third
   Perubahan Ketiga Undang-Undang No. 19 Tahun 2003                    Amendment to Law No. 19 of 2003 on State-Owned
   tentang Badan Usaha Milik Negara (UU BUMN).                         Enterprises (SOE Law).
4. Sosialisasi Peraturan Pemerintah No. 28 Tahun 2025               4. Socialization of Government Regulation No. 28 of 2025
   tentang Penyelenggaraan Perizinan Berusaha Berbasis                 concerning the Implementation of Risk-Based Business
   Risiko.                                                             Licensing.
5. Sosialisasi Undang-Undang No. 20 Tahun 2025 tentang              5. Socialization of Law No. 20 of 2025 concerning the
   Kitab Undang-Undang Hukum Acara Pidana (KUHAP).                     Criminal Procedure Code (KUHAP).


Penerapan Aspek dan Prinsip Tata Kelola                             Implementation of Good Corporate
Perusahaan yang Baik                                                Governance Aspects and Principles
Sebagai perusahaan terbuka, penerapan GCG Jasa Marga                As a public company, Jasa Marga’s implementation of
mengacu pada beberapa standar yang berlaku, antara                  GCG refers to several applicable standards, including the
lain Pedoman Tata Kelola Perusahaan Terbuka yang diatur             Guidelines for Corporate Governance of Public Companies
berdasarkan Peraturan Otoritas Jasa Keuangan (OJK)                  regulated by Financial Services Authority (OJK) Regulation
No. 21/POJK.04/2015 tanggal 16 November 2015 tentang                No. 21/POJK.04/2015 dated November 16, 2015, on the
Penerapan Pedoman Tata Kelola Perusahaan Terbuka yang               Implementation of Guidelines for Corporate Governance
dijabarkan dalam Surat Edaran Otoritas Jasa Keuangan                of Public Companies as elaborated in Financial Services
No. 32/SEOJK.04/2015 tanggal 17 November 2015 tentang               Authority Circular Letter No. 32/SEOJK. 04/2015 dated
Pedoman Tata Kelola Perusahaan Terbuka, Parameter                   November 17, 2015, on Guidelines for Corporate Governance
ASEAN Corporate Governance Scorecard (ACGS), dan                    of Public Companies, the ASEAN Corporate Governance
Pedoman Umum Governansi Korporat Indonesia (PUGKI).                 Scorecard (ACGS) Parameters, and the Indonesian
                                                                    Corporate Governance Guidelines (PUGKI).

Dalam mengukur kepatuhan Perseroan terhadap penerapan               The Company’s compliance with the GCG implementation
GCG berdasarkan standar-standar yang diacu, dilaksanakan            based on the referenced standards is measured through
dengan cara assessment oleh asesor independen dan/atau              independent assessors and/or self-assessment.
self-assessment.


Pemantauan dan Penilaian atas Penerapan                             Good Corporate Governance
Tata Kelola Perusahaan yang Baik                                    Implementation Monitoring and
                                                                    Assessment
Asesmen GCG                                                         GCG Assessment

Asesmen GCG merupakan upaya sistematik untuk                        GCG assessment is a systematic effort to collect and process
menghimpun dan mengolah data yang sah, sehingga                     valid data so that conclusions and recommendations can
didapatkan kesimpulan dan rekomendasi yang dapat                    be obtained and used as a basis for management actions


470                                                                     Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 471
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




digunakan sebagai landasan tindakan manajemen untuk                   to improve and refine the implementation of GCG in the
memperbaiki dan menyempurnakan penerapan GCG di                       Company to be more effective and sustainable. Every year,
Perseroan menjadi semakin efektif dan berkelanjutan. Setiap           either by using independent consultants or through self-
tahun, baik dengan menggunakan konsultan independen                   assessment, the Company conducts a GCG assessment
maupun secara self-assessment, Perseroan melaksanakan                 to measure the implementation of GCG at Jasa Marga and/
asesmen GCG guna mengukur penerapan GCG di Jasa                       or to evaluate the implementation of recommendations
Marga dan/atau melakukan penilaian pelaksanaan atas                   made by independent consultants based on previous GCG
rekomendasi yang telah disampaikan oleh konsultan                     assessments.
independen atas penilaian GCG sebelumnya.

Kriteria yang Digunakan                                               Criteria Used

Dengan telah dicabutnya peraturan-peraturan BUMN                      With the revocation of GCG-related SOE regulations with
terkait GCG dengan terbitnya Peraturan Menteri BUMN                   the issuance of the Minister of SOE Regulation No. PER-2/
No. PER-2/MBU/03/2023 tentang Pedoman Tata Kelola dan                 MBU/03/2023 on Guidelines for Corporate Governance and
Kegiatan Korporasi Signifikan Badan Usaha Milik Negara,               Significant Corporate Activities of State-Owned Enterprises,
serta dicabutnya parameter penilaian GCG sebagai standar              as well as the revocation of GCG assessment parameters
implementasi GCG di Perseroan melalui Keputusan Sekretaris            as GCG implementation standards in the Company through
Kementerian Badan Usaha Milik Negara Republik Indonesia               the Secretary to the Ministry of State-Owned Enterprises
No. SK-12/S.MBU/08/2023 pada tanggal 16 Agustus 2023,                 Decree No. SK-12/S.MBU/08/2023 on August 16, 2023, for
yang sampai akhir tahun 2025 belum ada parameter                      which there would be no replacement parameters until the
pengganti, Perseroan tetap berkomitmen dalam menjunjung               end of 2025, the Company remains committed to upholding
tinggi penerapan GCG, baik dalam statusnya sebagai Badan              the implementation of GCG, both in its status as a State-
Usaha Milik Negara maupun sebagai Perusahaan Terbuka.                 Owned Enterprise and as a Public Company.

Selanjutnya, untuk pelaksanaan asesmen GCG di Perseroan               Furthermore, for the implementation of GCG assessment
untuk periode penilaian tahun 2025, sebelum terbitnya                 in the Company for the 2025 assessment period, before
parameter Badan Pengaturan Badan Usaha Milik Negara                   the issuance of new parameters by the Ministry of SOE,
(BP BUMN) yang baru, maka sebagaimana tahun-tahun                     as in previous years, in addition to using criteria and
sebelumnya, selain menggunakan kriteria dan metodologi                methodologies that refer to the Guidelines for Public
yang mengacu kepada Pedoman Tata Kelola Perusahaan                    Company Governance as stipulated in the Financial Services
Terbuka sebagaimana diatur dalam Peraturan Otoritas Jasa              Authority (OJK) Regulation No. 21/POJK.04/2015 dated
Keuangan (OJK) No. 21/POJK.04/2015 tanggal 16 November                November 16, 2015, on the Implementation of the Guidelines
2015 tentang Penerapan Pedoman Tata Kelola Perusahaan                 for Corporate Governance of Public Companies as
Terbuka yang dijabarkan dalam Surat Edaran Otoritas Jasa              elaborated in the Financial Services Authority Circular Letter
Keuangan No. 32/SEOJK.04/2015 tanggal 17 November                     No. 32/SEOJK.04/2015 dated November 17, 2015, on the
2015 tentang Pedoman Tata Kelola Perusahaan Terbuka,                  Guidelines for Corporate Governance of Public Companies,
serta asesmen GCG berdasarkan ASEAN Corporate                         as well as a GCG assessment based on the ASEAN Corporate
Governance Scorecard (ACGS) pada tahun 2025, Perseroan                Governance Scorecard (ACGS) in 2025, the Company also
juga melakukan penilaian penerapan Governansi Korporat                assesses the implementation of Corporate Governance in the
di Perseroan dengan menggunakan kriteria dan metodologi               Company using criteria and methodologies that refer to the
yang mengacu kepada Pedoman Umum Governansi                           Indonesian Corporate Governance Guidelines (PUGKI) with
Korporat Indonesia (PUGKI) dengan prinsip ETAK (Perilaku              the ETAK (Ethical Behavior, Transparency, Accountability
Beretika, Transparansi, Akuntabilitas, dan Keberlanjutan).            and Sustainability) principles. The assessment aims to
Penilaian ini bertujuan untuk menilai implementasi GCG di             evaluate the implementation of GCG in the Company and
Perseroan, serta merupakan wujud komitmen Perseroan                   is a manifestation of the Company’s commitment to the
dalam penerapan GCG secara berkelanjutan.                             sustainable implementation of GCG.

Pihak yang Melakukan Asesmen                                          Assessor

1. Asesmen GCG berdasarkan Peraturan Otoritas                         1. GCG assessment based on Financial Services Authority
   Jasa Keuangan (OJK) No. 21/POJK.04/2015 tanggal                       (OJK) Regulation No. 21/POJK.04/2015, dated
   16 November 2015 tentang Penerapan Pedoman Tata                       November 16, 2015, on the Implementation of Corporate
   Kelola Perusahaan Terbuka yang dijabarkan dalam Surat                 Governance Guidelines for Public Companies as outlined
   Edaran Otoritas Jasa Keuangan No. 32/SEOJK.04/2015                    in Financial Services Authority Circular Letter No. 32/
   tanggal 17 November 2015 tentang Pedoman Tata Kelola                  SEOJK. 04/2015, dated November 17, 2015, on Guidelines
   Perusahaan Terbuka yang dilakukan dengan cara self-                   for Corporate Governance of Public Companies by self-
   assessment.                                                           assessment.
2. Asesmen GCG menggunakan paramater ASEAN                            2. The GCG assessment uses the ASEAN Corporate
   Corporate Governance Scorecard (ACGS), dilakukan                      Governance Scorecard (ACGS) parameters and
   baik secara self-assessment maupun oleh pihak                         is conducted through self-assessment and by an
   independen, yaitu Indonesian Institute for Corporate                  independent party, i.e., the Indonesian Institute for
   Directorship (IICD).                                                  Corporate Directorship (IICD).




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                             471
Page 472
01                                02                        03                      04                                        05
Ikhtisar Kinerja Utama            Laporan Manajemen         Profil Perusahaan        Analisa dan Pembahasan Manajemen          Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report         Company Profile          Management Discussion and Analysis        Business Support Functions




3. Asesmen Governansi Korporat mengacu pada parameter                          3. The Corporate Governance assessment refers to the
   Pedoman Umum Governansi Korporat Indonesia, yang                               parameters of the Indonesian Corporate Governance
   dikeluarkan oleh Komite Nasional Kebijakan Governansi                          General Guidelines, issued by the National Committee on
   (KNKG) yang dilakukan dengan cara self-assessment.                             Governance Policy (KNKG) this year, and is conducted
                                                                                  through self-assessment.

Kepatuhan Jasa Marga terhadap Peraturan dan                                    Jasa Marga’s Compliance with OJK Regulations
Surat Edaran OJK terkait Pedoman Tata Kelola                                   and Circular Letters related to Corporate
Perusahaan Terbuka                                                             Governance Guidelines for Public Companies

Pedoman Tata Kelola Perusahaan Terbuka sebagaimana                             The Corporate Governance Guidelines for Public Companies,
disampaikan dalam Surat Edaran OJK, mencakup 5 aspek,                          as outlined in the OJK Circular Letter, cover five aspects,
8 prinsip, dan 25 rekomendasi penerapan aspek dan                              eight principles, and 25 recommendations for implementing
prinsip Tata Kelola Perusahaan yang Baik. Rekomendasi                          aspects and principles of Good Corporate Governance. The
penerapan aspek dan prinsip Tata Kelola Perusahaan yang                        recommendations for implementing aspects and principles
Baik dalam Pedoman Tata Kelola, merupakan standar                              of Good Corporate Governance in the Corporate Governance
penerapan aspek dan prinsip Tata Kelola Perusahaan yang                        Guidelines are standards for implementing aspects and
Baik yang secara ideal harus diterapkan Perseroan, sebagai                     principles of Good Corporate Governance that the Company
bentuk implementasi prinsip tata kelola. Adapun uraian                         should ideally apply as a form of implementing corporate
penerapannya dapat disampaikan sebagai berikut:                                governance principles. The details of their implementation
                                                                               are as follows:

Tabel Kepatuhan Jasa Marga terhadap Peraturan dan Surat Edaran OJK terkait Pedoman Tata Kelola Perusahaan Terbuka
Table of Jasa Marga’s Compliance with OJK Regulations and Circular Letters related to Corporate Governance Guidelines for Public Companies


                  Prinsip                  Rekomendasi                           Penjelasan Penerapan di Jasa Marga                     Keterangan
  No.            Principle               Recommendations                            Implementation in Jasa Marga                        Description
           Aspek 1: Hubungan Perusahaan Terbuka dengan Pemegang Saham dalam menjamin hak-hak Pemegang Saham.
     I.
           Aspect 1: The Relationship between the Public Company and the Shareholders in guaranteeing the rights of the Shareholders.

           Prinsip 1               Perusahaan Terbuka memiliki        Voting dilakukan dengan e-voting yang disediakan oleh KSEI          Comply
           Meningkatkan Nilai      cara atau prosedur teknis          sebagai penyedia e-RUPS.
           Penyelenggaraan         pengumpulan suara (voting)         Voting was conducted using e-voting provided by KSEI as the
           RUPS                    baik secara terbuka maupun         e-RUPS provider.
                                   tertutup yang mengedepankan
           Principle 1             independensi, dan kepentingan
           Increasing the Value    pemegang saham.
           of the GMS              The Public Company has a
                                   technical method or procedure
                                   for openly and privately voting
                                   that prioritizes independence
                                   and     the     interests    of
                                   shareholders.

                                   Seluruh anggota Direksi dan        RUPS Tahunan dan RUPS Luar Biasa Perseroan dihadiri oleh            Comply
                                   anggota     Dewan     Komisaris    seluruh anggota Direksi dan seluruh anggota Dewan Komisaris
                                   Perusahaan      Terbuka    hadir   Perseroan baik secara luring maupun daring.
                                   dalam RUPS Tahunan.                All members of the Board of Directors and Board of
                                   All members of the Public          Commissioners attended the Company's annual and
                                   Company's Board of Directors       extraordinary GMS, both offline and online.
                                   and Board of Commissioners
                                   are present at the Annual GMS.

                                   Ringkasan risalah RUPS tersedia    Ringkasan Risalah RUPS tersedia dalam situs web Perseroan           Comply
                                   dalam Situs Web Perusahaan         selama lebih dari 1 (satu) tahun untuk menyediakan kecukupan
                                   Terbuka paling sedikit selama 1    waktu bagi Pemegang Saham untuk memperoleh informasi.
                                   (satu) tahun.                      A summary of the GMS Minutes is available on the Company's
                                   The summary of the GMS             website for more than 1 (one) year to provide sufficient time
                                   minutes is available on the        for Shareholders to obtain information.
                                   Public Company Website for at
                                   least 1 (one) year.




472                                                                                Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
Page 473
06                                 07                                      08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




Tabel Kepatuhan Jasa Marga terhadap Peraturan dan Surat Edaran OJK terkait Pedoman Tata Kelola Perusahaan Terbuka
Table of Jasa Marga’s Compliance with OJK Regulations and Circular Letters related to Corporate Governance Guidelines for Public Companies


                Prinsip                    Rekomendasi                          Penjelasan Penerapan di Jasa Marga                      Keterangan
  No.          Principle                 Recommendations                           Implementation in Jasa Marga                         Description

          Prinsip 2                Perusahaan Terbuka memiliki        Perseroan memiliki peraturan tentang Pedoman Penyampaian            Comply
          Meningkatkan             suatu kebijakan komunikasi         Informasi Perseroan melalui Non-Deal Roadshow, Investor
          Kualitas Komunikasi      dengan pemegang saham atau         Conference, Analyst Meeting dan Public Expose yang memuat
          Perusahaan               investor.                          waktu penyampaian informasi, lokasi penyelenggaraan,
          Terbuka dengan           The Public Company has a           kriteria penyelenggaraan, materi presentasi, frekuensi
          Pemegang Saham           communication      policy  with    pelaksanaan kegiatan, feedback dari penyelenggara, dan
          atau Investor            shareholders or investors.         laporan penyelenggaraan.
                                                                      The Company has regulations regarding Guidelines for
          Principle 2                                                 the Disclosure of Company Information through Non-Deal
          Improving                                                   Roadshows, Investor Conferences, Analyst Meetings, and
          the Quality of                                              Public Exposes, which include the timing of information
          Public Company                                              disclosure, location of events, criteria for organizing events,
          Communication                                               presentation materials, frequency of events, feedback from
          with Shareholders                                           organizers, and event reports.
          or Investors
                                   Perusahaan              Terbuka    Materi presentasi Perseroan untuk Pemegang Saham                    Comply
                                   mengungkapkan         kebijakan    atau Investor tersedia dalam situs web Perseroan untuk
                                   komunikasi Perusahaan Terbuka      memberikan kesetaraan pada Pemegang Saham atau Investor
                                   dengan pemegang saham atau         atas pengungkapan informasi.
                                   investor dalam Situs Web.          The Company's presentation materials for Shareholders or
                                   The Public Company discloses       Investors are available on the Company's website to provide
                                   its communication policy with      equality to Shareholders or Investors in terms of information
                                   shareholders or investors on the   disclosure.
                                   Website.

          Aspek 2: Fungsi dan Peran Dewan Komisaris
   II.
          Aspect 2: Functions and Roles of the Board of Commissioners

          Prinsip 3                Penentuan              jumlah      Penentuan jumlah anggota Dewan Komisaris berpedoman                 Explain
          Memperkuat               anggota    Dewan    Komisaris      pada peraturan yang berlaku dan mempertimbangkan kondisi
          Keanggotaan dan          mempertimbangkan      kondisi      Perseroan sebagai Perusahaan Terbuka. Penunjukan anggota
          Komposisi Dewan          Perusahaan Terbuka.                Dewan Komisaris merupakan hak Pemegang Saham Seri A
          Komisaris                The number of members of           Dwiwarna yang diusulkan dan disetujui dalam RUPS.
                                   the Board of Commissioners         The number of members of the Board of Commissioners is
          Principle 3              is   determined   considering      determined based on applicable regulations and takes into
          Strengthening            the conditions of the Public       account the Company's status as a publicly listed company.
          the Membership           Company.                           The appointment of members of the Board of Commissioners
          and Composition                                             is the right of the Series A Dwiwarna Shareholder, as proposed
          of the Board of                                             and approved at the General Meeting of Shareholders (GMS).
          Commissioners
                                   Penentuan            komposisi     Komposisi anggota Dewan Komisaris telah memenuhi aspek              Explain
                                   anggota    Dewan     Komisaris     keberagaman keahlian, pengetahuan, dan pengalaman
                                   memperhatikan keberagaman          yang dibutuhkan sesuai dengan bidang usaha Perseroan.
                                   keahlian, pengetahuan, dan         Penunjukan anggota Dewan Komisaris merupakan hak
                                   pengalaman yang dibutuhkan.        Pemegang Saham Seri A Dwiwarna yang diusulkan dan
                                   The composition of the Board       disetujui dalam RUPS.
                                   of Commissioners is determined     The composition of the Board of Commissioners meets the
                                   by considering the diversity       required diversity of expertise, knowledge, and experience
                                   of expertise, knowledge, and       per the Company's business field. The appointment of
                                   experience required.               members of the Board of Commissioners is the right of the
                                                                      Series A Dwiwarna Shareholder, as proposed and approved at
                                                                      the General Meeting of Shareholders (GMS).




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                           473
Page 474
01                                02                         03                     04                                       05
Ikhtisar Kinerja Utama            Laporan Manajemen          Profil Perusahaan       Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report          Company Profile         Management Discussion and Analysis       Business Support Functions




Tabel Kepatuhan Jasa Marga terhadap Peraturan dan Surat Edaran OJK terkait Pedoman Tata Kelola Perusahaan Terbuka
Table of Jasa Marga’s Compliance with OJK Regulations and Circular Letters related to Corporate Governance Guidelines for Public Companies


                  Prinsip                  Rekomendasi                          Penjelasan Penerapan di Jasa Marga                    Keterangan
  No.            Principle               Recommendations                           Implementation in Jasa Marga                       Description

           Prinsip 4               Dewan Komisaris mempunyai           Dewan Komisaris telah memiliki kebijakan penilaian sendiri        Comply
           Meningkatkan            kebijakan    penilaian   sendiri    (self-assessment) sesuai dengan Keputusan Dewan Komisaris
           Kualitas                Self-Assessment) untuk menilai     No. KEP-125/X/2019.
           Pelaksanaan Tugas       kinerja Dewan Komisaris.            The Board of Commissioners has its own self-assessment
           dan Tanggung            The Board of Commissioners          policy per Board of Commissioners Decree No. KEP-
           Jawab Dewan             has a self-assessment policy to     125/X/2019.
           Komisaris               assess the performance of the
                                   Board of Commissioners.
           Principle 4
           Improving the           Kebijakan penilaian sendiri Self   Kebijakan self-assessment Dewan Komisaris diungkapkan             Comply
           Quality of Duties       Assessment)      untuk    menilai   dalam Laporan Tahunan.
           and Responsibilities    kinerja    Dewan       Komisaris,   The Board of Commissioners' self-assessment policy is
           of the Board of         diungkapkan melalui Laporan         disclosed in the Annual Report.
           Commissioners           Tahunan Perusahaan Terbuka.
                                   The self-assessment policy
                                   for assessing the Board of
                                   Commissioners' performance is
                                   disclosed in the Public Company
                                   Annual Report.

                                   Dewan Komisaris mempunyai           Board Manual mencantumkan alasan pemberhentian anggota            Explain
                                   kebijakan terkait pengunduran       Dewan Komisaris, di antaranya 1) Terlibat dalam Tindakan
                                   diri anggota Dewan Komisaris        yang merugikan Perseroan dan/atau negara; 2) Dinyatakan
                                   apabila terlibat dalam kejahatan    bersalah dengan keputusan Pengadilan yang mempunyai
                                   keuangan.                           kekuatan hukum yang tetap.
                                   The Board of Commissioners          The Board Manual lists the reasons for dismissing members
                                   has a policy regarding a            of the Board of Commissioners, including 1) Involvement in
                                   member's resignation if involved    actions detrimental to the Company and/or the state and 2)
                                   in financial crimes.                Being found guilty by a court decision that has permanent
                                                                       legal force.

                                   Dewan Komisaris atau Komite         Perseroan telah memiliki Komite Nominasi dan Remunerasi           Comply
                                   yang     menjalankan    fungsi      yang menyusun kebijakan suksesi dalam proses Nominasi
                                   Nominasi    dan    Remunerasi       anggota Direksi.
                                   menyusun kebijakan suksesi          The Company has a Nomination and Remuneration Committee
                                   dalam proses Nominasi anggota       that formulates succession policies when nominating
                                   Direksi.                            members of the Board of Directors.
                                   The Board of Commissioners
                                   or the Committee that carries
                                   out    the  Nomination    and
                                   Remuneration function shall
                                   formulate a succession policy
                                   during the nomination process
                                   for members of the Board of
                                   Directors.




474                                                                                Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 475
06                                 07                                        08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Tabel Kepatuhan Jasa Marga terhadap Peraturan dan Surat Edaran OJK terkait Pedoman Tata Kelola Perusahaan Terbuka
Table of Jasa Marga’s Compliance with OJK Regulations and Circular Letters related to Corporate Governance Guidelines for Public Companies


                Prinsip                    Rekomendasi                            Penjelasan Penerapan di Jasa Marga                     Keterangan
  No.          Principle                 Recommendations                             Implementation in Jasa Marga                        Description

          Aspek 3: Fungsi dan Peran Direksi
   III.
          Aspect 3: Functions and Roles of the Board of Directors

          Prinsip 5                Penentuan     jumlah     anggota     Penentuan jumlah anggota Direksi berpedoman pada                   Explain
          Memperkuat               Direksi     mempertimbangkan         peraturan yang berlaku dan mempertimbangkan kondisi
          Keanggotaan dan          kondisi Perusahaan Terbuka           Perseroan sebagai Perusahaan Terbuka. Penunjukan anggota
          Komposisi Direksi.       serta      efektifitas     dalam     Dewan Komisaris merupakan hak Pemegang Saham Seri A
                                   pengambilan keputusan.               Dwiwarna yang diusulkan dan disetujui dalam RUPS.
          Principle 5              The number of members of the         The number of members of the Board of Directors is
          Strengthening the        Board of Directors is determined     determined based on applicable regulations and considers
          Membership and           based on the condition of            the Company's status as a publicly listed company. The
          Composition of the       the Public Company and the           appointment of members of the Board of Commissioners is
          Board of Directors.      effectiveness of its decision-       the right of the Series A Dwiwarna Shareholder, as proposed
                                   making.                              and approved at the General Meeting of Shareholders (GMS).

                                   Penentuan komposisi anggota          Komposisi anggota Direksi telah memenuhi aspek                     Explain
                                   Direksi        memperhatikan,        keberagaman keahlian, pengetahuan, dan pengalaman
                                   keberagaman          keahlian,       yang dibutuhkan sesuai dengan bidang usaha Perseroan.
                                   pengetahuan, dan pengalaman          Penunjukan anggota Dewan Komisaris merupakan hak
                                   yang dibutuhkan.                     Pemegang Saham Seri A Dwiwarna yang diusulkan dan
                                   The composition of the Board         disetujui dalam RUPS.
                                   of Directors'    members    is       The composition of the Board of Directors meets the diversity
                                   determined by the diversity          of expertise, knowledge, and experience required for the
                                   of expertise, knowledge, and         Company's business fields. The appointment of members
                                   experience required.                 of the Board of Commissioners is the right of the Series A
                                                                        Dwiwarna Shareholder, as proposed and approved at the
                                                                        General Meeting of Shareholders (GMS).

                                   Anggota      Direksi      yang       Anggota Direksi yang membawahi bidang akuntansi atau               Comply
                                   membawahi bidang akuntansi           keuangan memiliki keahlian dan/atau pengetahuan di bidang
                                   atau keuangan memiliki keahlian      akuntansi yang dibuktikan dengan latar belakang pendidikan,
                                   dan/atau pengetahuan di bidang       sertifikasi pelatihan dan/atau pengalaman kerja terkait.
                                   akuntansi.                           Members of the Board of Directors who oversee accounting
                                   Members     of    the    Board       or finance have expertise and/or knowledge in the accounting
                                   of Directors in charge of            field, as evidenced by their educational background, training
                                   accounting or finance have the       certifications, and/or relevant work experience.
                                   expertise and/or knowledge in
                                   accounting.

          Prinsip 6                Direksi mempunyai kebijakan          Direksi telah memiliki mempunyai kebijakan penilaian sendiri       Comply
          Meningkatkan             penilaian        sendiri  Self      (self-assessment).
          Kualitas                 Assessment)       untuk  menilai     The Board of Directors has its own self-assessment policy.
          Pelaksanaan Tugas        kinerja Direksi.
          dan Tanggung             The Board of Directors has
          Jawab Direksi.           a self-assessment policy to
                                   assess the performance of the
          Principle 6              Board of Directors.
          Improving
          the Quality of           Kebijakan penilaian sendiri Self    Kebijakan self-assessment Direksi diungkapkan dalam                Comply
          Implementation           Assessment)     untuk     menilai    laporan tahunan Perseroan.
          of Duties and            kinerja  Direksi    diungkapkan      The Board of Directors' self-assessment policy is disclosed in
          Responsibilities         melalui     laporan     tahunan      the Company's annual report.
          of the Board of          Perusahaan Terbuka.
          Directors.               The self-assessment policy for
                                   assessing the Board of Directors'
                                   performance is disclosed in the
                                   public Company's annual report.

                                   Direksi mempunyai kebijakan          Board Manual mencantumkan alasan pemberhentian                     Comply
                                   terkait      pengunduran      diri   anggota Direksi, di antaranya 1) Terlibat dalam tindakan
                                   anggota Direksi apabila terlibat     yang merugikan Perseroan dan/atau negara; 2) Dinyatakan
                                   dalam kejahatan keuangan.            bersalah dengan keputusan Pengadilan yang mempunyai
                                   The Board of Directors has a         kekuatan hukum yang tetap.
                                   policy regarding the member’s        The Board Manual lists the reasons for dismissal of Board
                                   resignation if they are involved     members, including 1) Involvement in actions that harm the
                                   in financial crimes.                 Company and/or the state; 2) Being found guilty by a court
                                                                        decision with permanent legal force.




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                            475
Page 476
01                               02                          03                      04                                          05
Ikhtisar Kinerja Utama           Laporan Manajemen           Profil Perusahaan        Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report           Company Profile          Management Discussion and Analysis          Business Support Functions




Tabel Kepatuhan Jasa Marga terhadap Peraturan dan Surat Edaran OJK terkait Pedoman Tata Kelola Perusahaan Terbuka
Table of Jasa Marga’s Compliance with OJK Regulations and Circular Letters related to Corporate Governance Guidelines for Public Companies


                  Prinsip                 Rekomendasi                            Penjelasan Penerapan di Jasa Marga                       Keterangan
  No.            Principle              Recommendations                             Implementation in Jasa Marga                          Description

           Aspek 4: Partisipasi Pemangku Kepentingan
   IV.
           Aspect 4: Stakeholder Participation

           Prinsip 7              Perusahaan Terbuka memiliki          Perseroan memiliki kebijakan untuk mencegah terjadinya                Comply
           Meningkatkan           kebijakan    untuk     mencegah      insider trading yang memisahkan secara tegas data dan/atau
           Aspek Tata Kelola      terjadinya insider trading.          informasi yang bersifat rahasia dengan yang bersifat publik,
           Perusahaan             The Public Company has a             serta membagi tugas dan tanggung jawab atas pengelolaan
           melalui Partisipasi    policy to prevent insider trading.   informasi dimaksud secara proporsional dan efisien.
           Pemangku                                                    The Company has a policy to prevent insider trading by strictly
           Kepentingan.                                                separating confidential data and/or information from public
                                                                       data and/or information, as well as dividing the duties and
           Principle 7                                                 responsibilities for managing such information proportionally
           Improving Corporate                                         and efficiently.
           Governance Aspects
           through Stakeholder    Perusahaan Terbuka memiliki          Perseroan telah memiliki berbagai governance soft structure,          Comply
           Participation.         kebijakan anti korupsi dan anti-     yang berperan sebagai living documents bagi Insan Jasa Marga
                                  fraud.                               (Dewan Komisaris, Komite, Sekretaris Dewan Komisaris, Staf
                                  The Public Company has an            Dewan Komisaris, Direksi dan seluruh Karyawan Perseroan,
                                  anti-corruption and anti-fraud       termasuk karyawan yang ditugaskan di Anak Perusahaan
                                  policy.                              dan instansi lainnya, serta personel yang secara langsung
                                                                       bekerja untuk dan atas nama Perseroan) dalam melaksanakan
                                                                       tugas dan tanggung jawabnya, berupa kebijakan-kebijakan
                                                                       Direksi dan/atau Dewan Komisaris, di antaranya Pedoman
                                                                       Tata Kelola Perusahaan (Code of Corporate Governance),
                                                                       Pedoman Perilaku (Code of Conduct), Pedoman Pengendalian
                                                                       Gratifikasi, Pedoman Benturan Kepentingan (Conflict of
                                                                       Interest), Pedoman Whistleblowing System, Kebijakan Anti
                                                                       Penyuapan, serta sedang dalam finalisasi Pedoman Anti-
                                                                       Fraud. Pedoman-pedoman dimaksud merupakan upaya-
                                                                       upaya pencegahan terhadap segala praktik korupsi baik
                                                                       memberi atau menerima dari pihak lain.
                                                                       The Company has various governance soft structures,
                                                                       which serve as living documents for Jasa Marga personnel
                                                                       (Board of Commissioners, Committees, Secretary to the
                                                                       Board of Commissioners, Board of Commissioners Staff,
                                                                       Board of Directors, and all Company Employees, including
                                                                       employees assigned to Subsidiaries and other agencies, as
                                                                       well as personnel who work directly for and on behalf of the
                                                                       Company) in carrying out their duties and responsibilities,
                                                                       in the form of policies of the Board of Directors and/or
                                                                       Board of Commissioners, including the Code of Corporate
                                                                       Governance, Code of Conduct, Conflict of Interest Guidelines,
                                                                       Whistleblowing System Guidelines, Anti-Bribery Policy,
                                                                       and the Anti-Fraud Guidelines, which are currently being
                                                                       finalized. These guidelines are preventive measures against
                                                                       all corruption practices, whether giving or receiving from
                                                                       other parties.




476                                                                                 Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 477
06                                 07                                      08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




Tabel Kepatuhan Jasa Marga terhadap Peraturan dan Surat Edaran OJK terkait Pedoman Tata Kelola Perusahaan Terbuka
Table of Jasa Marga’s Compliance with OJK Regulations and Circular Letters related to Corporate Governance Guidelines for Public Companies


                Prinsip                    Rekomendasi                           Penjelasan Penerapan di Jasa Marga                        Keterangan
  No.          Principle                 Recommendations                            Implementation in Jasa Marga                           Description

          Prinsip 7                Perusahaan Terbuka memiliki        Perseroan telah memiliki Pedoman Perilaku (Code of                     Comply
          Meningkatkan             kebijakan    tentang    seleksi    Conduct), yang di antaranya mengatur hubungan dengan
          Aspek Tata Kelola        dan peningkatan kemampuan          pemasok dan secara berkala mengadakan temu pemasok
          Perusahaan               pemasok atau vendor.               dan/atau pelatihan bagi pemasok.
          melalui Partisipasi      The Public Company has a           The Company has a Code of Conduct, which regulates
          Pemangku                 policy regarding suppliers or      relationships with suppliers, and periodically holds supplier
          Kepentingan.             vendors' selection and capacity    meetings and/or training for suppliers.
                                   building.
          Principle 7
          Improving Corporate      Perusahaan Terbuka memiliki        Perseroan memiliki kebijakan untuk pemenuhan hak-hak                   Comply
          Governance Aspects       kebijakan tentang pemenuhan        kreditur yang digunakan sebagai pedoman dalam melakukan
          through Stakeholder      hak-hak kreditur.                  pinjaman kepada kreditur, yang mencakup pertimbangan
          Participation.           The Public Company has a           dalam melakukan perjanjian, serta tindak lanjut dalam
                                   policy regarding the fulfillment   pemenuhan kewajiban Perseroan kepada kreditur.
                                   of creditors' rights.              The Company has a policy for fulfilling creditors' rights, which
                                                                      is used as a guideline in lending to creditors. This policy
                                                                      includes considerations in entering into agreements and
                                                                      follow-up on the fulfillment of the Company's obligations to
                                                                      creditors.

                                   Perusahaan Terbuka memiliki        Perseroan telah memiliki whistleblowing system yang                    Comply
                                   kebijakan sistem whistleblowing.   mencakup jenis pelanggaran yang dapat dilaporkan, cara
                                   The Public Company has a           pengaduan, perlindungan dan jaminan kerahasiaan pelapor,
                                   whistleblowing system policy.      penanganan pengaduan, pihak yang mengelola aduan dan
                                                                      hasil penanganan serta tindak lanjut pengaduan.
                                                                      The Company has a whistleblowing system that covers the
                                                                      types of violations that can be reported, how to file a complaint,
                                                                      protection and confidentiality guarantees for whistleblowers,
                                                                      Report Handling, the parties managing complaints, and the
                                                                      results of handling and follow-up on complaints.

                                   Perusahaan Terbuka memiliki        Penentuan remunerasi bagi anggota Direksi Perseroan                    Comply
                                   kebijakan pemberian insentif       mengacu pada Peraturan Menteri BUMN No. PER-3/
                                   jangka panjang kepada Direksi      MBU/03/2023 tentang Organ dan Sumber Daya Manusia
                                   dan karyawan.                      Badan Usaha Milik Negara, dengan memperhatikan dan
                                   The Public Company has a           mempertimbangkan hasil kajian yang dilakukan oleh Komite
                                   policy of providing long-term      Nominasi dan Remunerasi, yang kemudian diusulkan dalam
                                   incentives to the Board of         RUPS yang dihadiri Pemegang Saham Seri A Dwiwarna, untuk
                                   Directors and employees.           mendapatkan persetujuan. Perseroan memiliki Sistem Total
                                                                      Reward Karyawan yang ditetapkan berdasarkan Keputusan
                                                                      Direksi, dengan salah satunya filosofinya yaitu Long to Long
                                                                      yang berarti pemberian reward yang bersifat jangka panjang
                                                                      berdasarkan kinerja jangka panjang.
                                                                      The determination of remuneration for members of the
                                                                      Company's Board of Directors refers to the Minister of SOE
                                                                      Regulation No. PER-3/MBU/03/2023 on Organs and Human
                                                                      Resources of State-Owned Enterprises, considering the results
                                                                      of a review conducted by the Nomination and Remuneration
                                                                      Committee, which was then proposed at the GMS attended by
                                                                      Series A Dwiwarna Shareholders, for approval. The Company
                                                                      has an Employee Total Reward System established based on a
                                                                      Board of Directors' decree, one of whose philosophies is Long
                                                                      to Long, which means the provision of long-term rewards
                                                                      based on long-term performance.




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                               477
Page 478
01                              02                         03                         04                                        05
Ikhtisar Kinerja Utama          Laporan Manajemen          Profil Perusahaan           Analisa dan Pembahasan Manajemen          Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report          Company Profile             Management Discussion and Analysis        Business Support Functions




Tabel Kepatuhan Jasa Marga terhadap Peraturan dan Surat Edaran OJK terkait Pedoman Tata Kelola Perusahaan Terbuka
Table of Jasa Marga’s Compliance with OJK Regulations and Circular Letters related to Corporate Governance Guidelines for Public Companies


                  Prinsip                 Rekomendasi                              Penjelasan Penerapan di Jasa Marga                    Keterangan
  No.            Principle              Recommendations                               Implementation in Jasa Marga                       Description

           Aspek 5: Keterbukaan Informasi
   V.
           Aspect 5: Information Disclosure

           Prinsip 8              Perusahaan              Terbuka    Selain situs web, Perseroan memanfaatkan penggunaan                    Comply
           Meningkatkan           memanfaatkan        penggunaan     media sosial sebagai media keterbukaan informasi.
           Pelaksanaan            teknologi informasi secara lebih   In addition to its website, the Company utilizes social media as
           Keterbukaan            luas selain Situs Web sebagai      a medium for information disclosure.
           Informasi.             media keterbukaan informasi.
                                  The Public Company utilizes
           Principle 8            information technology more
           Improving the          broadly than the Website
           Implementation         as a medium for information
           of Information         disclosure.
           Disclosure.
                                  Laporan Tahunan Perusahaan         Laporan Tahunan Jasa Marga mengungkapkan pemilik                       Comply
                                  Terbuka        mengungkapkan       manfaat akhir dalam kepemilikan saham Perseroan paling
                                  pemilik manfaat akhir dalam        sedikit 5%, selain pengungkapan pemilik manfaat akhir dalam
                                  kepemilikan saham Perusahaan       kepemilikan saham Perseroan melalui Pemegang Saham
                                  Terbuka paling sedikit 5% (lima    Utama dan Pengendali.
                                  persen), selain pengungkapan
                                  pemilik manfaat akhir dalam        Jasa Marga's Annual Report discloses the ultimate beneficial
                                  kepemilikan saham Perusahaan       owners of at least 5% of the Company's shares, in addition
                                  Terbuka    melalui   pemegang      to disclosing the ultimate beneficial owners of the Company's
                                  saham utama dan pengendali.        shares through Major and Controlling Shareholders.

                                  The Public Company's Annual
                                  Report discloses the ultimate
                                  beneficial owner of at least
                                  five percent of the Public
                                  Company's share ownership, as
                                  well as the ultimate beneficial
                                  owner of the Public Company's
                                  share ownership through the
                                  significant   and   controlling
                                  shareholders.




Asesmen GCG berdasarkan ASEAN Corporate                                       GCG Assessment based on the ASEAN Corporate
Governance Scorecard (ACGS)                                                   Governance Scorecard (ACGS)

Salah satu penilaian atas implementasi GCG yang dilakukan                     One of the assessments of the Company’s implementation of
Perseroan adalah Assessment GCG berdasarkan parameter                         GCG is the GCG Assessment based on the ASEAN Corporate
ASEAN Corporate Governance Scorecard ACGS yang                              Governance Scorecard (ACGS) parameters, which is one of
merupakan salah satu inisiatif dari Forum Pasar Modal                         the initiatives of the ASEAN Capital Market Forum (ACMF) in
ASEAN (ASEAN Capital Market Forum/ACMF) dalam rangka                          the context of integrating the capital markets of the member
integrasi pasar modal negara-negara anggota Asosiasi                          countries of the Association of Southeast Asian Nations
Negara-Negara Asia Tenggara (ASEAN). Negara-negara                            (ASEAN). The countries participating in the ACGS are
yang berpartisipasi dalam ACGS ini adalah Indonesia,                          Indonesia, Singapore, Thailand, Malaysia, the Philippines,
Singapura, Thailand, Malaysia, Filipina, dan Vietnam. Tujuan-                 and Vietnam. The objectives of the ACGS are as follows:
tujuan dilakukannya ACGS adalah sebagai berikut:
1. Meningkatkan standar-standar dan praktik-praktik tata                      1.    To improve the standards and practices of corporate
    kelola korporasi dari perusahaan-perusahaan terbuka di                          governance of public companies in ASEAN;
    ASEAN;
2. Memperbesar kelayakan global bagi perusahaan-                              2. Increase the global eligibility of ASEAN public companies
    perusahaan terbuka ASEAN dengan tata kelola korporasi                        with good corporate governance and show them (the
    yang baik dan menunjukkan kepada mereka (masyarakat                          global community) that these companies are places to
    global) bahwa perusahaan-perusahaan ini adalah                               invest; and
    tempat untuk berinvestasi; dan
3. Melengkapi inisiatif-inisiatif ACMF lainnya dan                            3. Complement other ACMF initiatives and promote
    mempromosikan ASEAN sebagai suatu kelompok                                   ASEAN as a class asset group. This initiative not only
    asset berkelas. Inisiatif ini tidak hanya mendorong                          encourages each ASEAN country participating in ACGS
    setiap negara ASEAN yang berpartisipasi dalam ACGS                           to strengthen its regulatory framework related to GCG
    memperkuat kerangka peraturan perundang-undangan                             practices, but has also encouraged listed companies




478                                                                                  Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 479
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




     yang berkaitan dengan praktik-praktik GCG, tetapi juga                in ASEAN, including Indonesia, to strengthen their
     telah mendorong perusahaan-perusahaan terbuka di                      corporate governance systems by adopting GCG
     ASEAN, termasuk Indonesia, berupaya memperkuat                        principles according to ACGS.
     sistem Corporate Governance mereka dengan
     mengadopsi prinsip-prinsip GCG menurut ACGS.

ACGS adalah suatu alat kuantitatif untuk mengukur                     The ACGS is a quantitative tool for measuring the
kepatuhan perusahaan-perusahaan terbuka di ASEAN                      compliance of publicly listed companies in ASEAN with
terhadap pedoman Corporate Governance menurut praktik-                Corporate Governance guidelines based on international
praktik keteladanan berbasis standar-standar internasional,           standards, particularly the Corporate Governance principles
khususnya prinsip-prinsip Corporate Governance yang                   issued by the Organization for Economic Cooperation and
dikeluarkan oleh the Organization for Economic Cooperation            Development (OECD).
and Development (OECD).

Pada tahun 2023, instrumen penilaian ACGS mengalami                   In 2023, the ACGS assessment instrument changed, with
perubahan, dengan terdapatnya beberapa penekanan pada                 several emphases on governance practices related to
pokok praktik tata kelola yang berkenaan dengan isu-isu               environmental, sustainability, and resilience issues that
lingkungan, keberlanjutan serta ketangguhan yang banyak               greatly concern the business world.
menjadi perhatian bagi dunia usaha.

Instrumen penilaian ACGS tahun 2023 masih terbagi ke                  The 2023 ACGS assessment instrument is still divided into
dalam 2 (dua) tingkat/level, dengan beberapa perubahan                2 (two) levels, with several changes in Level 1. The ACGS
terdapat pada Level 1. Adapun instrumen penilaian ACGS                assessment instrument can be explained as follows:
tersebut dapat dijelaskan sebagai berikut:
1. Level 1, terdiri dari 4 (empat) yaitu:                             1.   Level 1 consists of four principles, namely:
    a. Prinsip A - Hak-hak dan Perlakuan Setara terhadap                   a. Principle A – Rights and Equitable Treatment of
       Pemegang Saham Rights and Equitable Treatment                         Shareholders.
       of Shareholders).
    b. Prinsip B - Keberlanjutan dan Ketangguhan                           b. Principle B – Sustainability and Resilience.
       Sustainability and Resilience).
    c. Prinsip C - Pengungkapan dan Transparansi                           c. Principle C – Disclosure and Transparency.
       Disclosure and Transparency).
    d. Prinsip D - Tanggung Jawab Dewan (Responsibilities                  d. Principle D – Responsibilities of the Board.
       of the Board).
2. Level 2, terdiri dari Bonus dan Penalti.                           2. Level 2, consisting of Bonuses and Penalties.

Tahun 2021, Perseroan berhasil memperoleh penghargaan                 In 2021, the Company successfully obtained an award
dan masuk 10 (sepuluh) Perusahaan tercatat di Indonesia               and was included among the 10 (ten) listed companies in
yang masuk dalam kategori “ASEAN Asset Class Thresholds.”             Indonesia in the “ASEAN Asset Class Thresholds” category.

Sebagaimana tahun-tahun sebelumnya, pada tahun 2025,                  As in previous years, in 2025, Jasa Marga conducted
Jasa Marga melakukan kembali penilaian ACGS yang                      another ACGS assessment based on public information,
penilaiannya didasarkan pada informasi publik, di antaranya           including the 2024 Annual Report and the Company’s
Laporan Tahunan tahun buku 2024 serta situs web Perseroan.            website. Based on the ACGS assessment report conducted
Berdasarkan laporan penilaian ACGS yang dilakukan oleh                by the Indonesian Institute for Corporate Directorship (IICD),
Indonesian Institute for Corporate Directorship (IICD), Total         the Total Corporate Governance Score (overall score) based
Corporate Governance Score (overall score) berdasarkan                on ACGS parameters for 2025 is 103.46 Based on this final
parameter ACGS untuk tahun 2025 adalah sebesar 103,46                 score, Jasa Marga’s performance level and compliance
poin. Berdasarkan Skor akhir tersebut, maka kinerja tingkat,          are included in the “Leadership in Corporate Governance”
kepatuhan Jasa Marga termasuk dalam predikat “Leadership              category, meaning that the Company’s GCG practices have
in Corporate Governance”, dengan demikian praktik GCG                 adopted most international standards based on ACGS
yang dilakukan Perseroan sudah mengadopsi sebagian                    parameters.
besar standar internasional berdasarkan parameter ACGS.

Skor total yang diperoleh Perseroan tersebut, berada di atas          The total score obtained by the Company is above the
skor rata-rata untuk perusahaan publik (Tbk) atau emiten              average score for public companies (Tbk) or issuers in the
yang masuk dalam kategori Big Cap (100 perusahaan                     Big Cap category (100 companies with the largest market
dengan kapitalisasi pasar terbesar di bursa) yang nilainya            capitalization on the exchange), which is 82.60.
sebesar 82,60.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                             479
Page 480
01                              02                          03                      04                                       05
Ikhtisar Kinerja Utama          Laporan Manajemen           Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report           Company Profile          Management Discussion and Analysis       Business Support Functions




Rincian skor beserta rekomendasinya adalah sebagai                              The details of the scores and recommendations are as
berikut:                                                                        follows:

Tabel Hasil Penilaian (Level 1)
Table of Level 1 Assessment Results


                                    Jumlah Item               Total Item Penilaian
            Prinsip                   Penilaian               yang Telah Dipenuhi            Bobot Penilaian (%)                    Skor
           Principle              Total Assessment             Total Assessment               Rating Weight (%)                     Score
                                        Items                    Items Fulfilled
               A                           30                             24                            20                          16,00

               B                           22                             20                            15                          13,64

               C                           34                             34                            25                          25,00

               D                           63                             58                            40                          36,83

          Level 1 Score                   149                             136                          100                          91,46




Tabel Hasil Penilaian Level 2 (Bonus dan Penalti)
Table of Level 2 (Bonuses and Penalties) Assessment Results


                                                                         Total Item Penilaian yang
        Bonus & Penalti           Jumlah Item Penilaian                 Mendapat Bonus dan Penalti                            Skor
        Bonus & Penalty           Total Assessment Items                Total Assessment Items that                           Score
                                                                       Receive Bonuses and Penalties
             Bonus
                                                18                                       8                                       14
            Bonuses

            Penalti
                                                26                                       3                                       -2
           Penalties

         Level 2 Score                                                                                                           12




Tabel Total Nilai untuk Praktik GCG PT Jasa Marga (Persero) Tbk
Table of Total Values for GCG Practices at PT Jasa Marga (Persero) Tbk


                                            Komponen Penilaian                                                   Skor Tertimbang per Prinsip
  No.                                                                                                            Weighted Score per Principle
                                           Assessment Component
           Hak-Hak dan Perlakuan Setara terhadap Pemegang Saham
   1.      Rights and Equitable Treatment of Shareholders                                                                    16,00
           Total skor kasar* bobot | Total raw score * weight = 80 x 20%

           Keberlanjutan dan Ketangguhan
   2.      Sustainability and Resilience                                                                                     13,64
           90,91 x 15%

           Keterbukaan dan Transparansi
   3.      Disclosure and Transparency                                                                                       25,00
           100 x 25%

           Tanggung Jawab Dewan Komisaris
   4.      Responsibilities of the Board of Commissioners                                                                    36,83
           90,48 x 40%

 Total Skor Tertimbang (Level 1)
                                                                                                                             91,46
 Total Weighted Score (Level 1)

           Bonus
   5.                                                                                                                          14
           Bonuses

           Penalti
   6.                                                                                                                          -2
           Penalties

 Total Skor Tertimbang
                                                                                                                            103,46
 Total Weighted Score




480                                                                                 Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 481
06                               07                                     08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




Uraian Pernyataan Kepatuhan Perseroan terhadap Pedoman                    The description of the Company’s Compliance Statement
Tata Kelola berdasarkan ACGS yang sudah diterapkan                        with the Corporate Governance Guidelines based on ACGS
secara penuh adalah sebagai berikut:                                      that has been fully implemented is as follows:

Tabel Pernyataan Kepatuhan Perseroan terhadap Pedoman Tata Kelola berdasarkan Parameter ACGS dengan Status Penerapan Penuh
Table of the Company’s Compliance Statement with the Corporate Governance Guidelines based on ACGS Parameters with Full
Implementation Status

 Level/No.                                              Corporate Governance Standard Criteria
   Level 1

                Hak Dasar Pemegang Saham
      A.1
                Basic Shareholder Rights

                Hak untuk berpartisipasi secara efektif dan menggunakan suara dalam RUPS serta hak untuk mendapatkan informasi
                mengenai aturan-aturan yang berlaku dalam RUPS (termasuk prosedur voting)
     A.2
                The right to participate effectively and use votes in the GMS and the right to obtain information regarding the rules applicable
                at the GMS (including voting procedures)

                Pasar untuk pengendalian/kontrol perusahaan harus dimungkinkan berfungsi dengan cara yang efisien dan transparan
     A.3
                Markets for corporate control should be allowed to function in an efficient and transparent manner

                Kepemilikan Saham dan Hak Suara
     A.5
                Shares and Voting Rights

                Perlindungan kepada para pemegang saham minoritas dari tindakan-tindakan abusive
     A.9
                Protecting minority shareholders from abusive action

                Pengungkapan terkait keberlanjutan harus konsisten, dapat dibandingkan, dan dapat diandalkan, serta mencakup materi
                informasi masa lalu dan masa depan yang wajar dan penting bagi investor dalam membuat keputusan investasi atau
      B.1       menentukan suara
                Sustainability-related disclosure should be consistent, comparable and reliable, and include retrospective and forward-
                looking material information that a reasonable investor would consider important in making an investment or voting decision

                Kerangka tata kelola Perusahaan harus memungkinkan adanya dialog antara Perusahaan, pemegang saham, dan pemangku
                kepentingan untuk bertukar pandangan mengenai masalah keberlanjutan
     B.2
                Corporate governance frameworks should allow for dialogue between companies, its shareholders and stakeholders to
                exchange views on sustainability matters

                Hak-Hak Para Pemangku Kepentingan yang ditetapkan oleh UU atau lewat kesepakatan bersama haruslah dihormati dan
                mendorong kerja sama aktif antara perusahaan dan pemangku kepentingan dalam menciptakan kesejahteraan, lapangan
                kerja, dan keuangan berkelanjutan
     B.4
                The corporate governance framework should recognise the rights of stakeholders established by law or through mutual
                agreements and encourage active cooperation between corporations and stakeholders in creating wealth, jobs, and the
                sustainability of financially sound enterprises

                Para pemangku kepentingan haruslah memiliki peluang untuk mendapatkan ganti rugi efektif untuk pelanggaran-pelanggaran
                atas hak-hak mereka
     B.5
                Where stakeholder interests are protected by law, stakeholders should have the opportunity to obtain effective redress for
                violation of their rights

                Para pemangku kepentingan, termasuk karyawan individu dan badan-badan perwakilan mereka, haruslah dapat secara
                bebas mengkomunikasikan keprihatinan mereka kepada dewan atas praktik-pratik melanggar hukum dan tidak etis dan hak-
     B.7        hak mereka melakukan ini haruslah dilindungi
                Stakeholders including individual employee and their representative bodies, should be able to freely communicate their
                concerns about illegal or unethical practices to the board and their rights should not be compromised for doing this

                Transparansi Struktur kepemilikan
      C.1
                Transparent Ownership Structure

                Kualitas Laporan Tahunan
     C.2
                Quality of Annual Report

                Remunerasi Anggota Dewan Komisaris dan Direksi
     C.3
                Remuneration of Members of the Board and Key Executives

                Pengungkapan atas Transaksi Hubungan Istimewa
     C.4
                Disclosure of related party transactions (RPT)

                Pengungkapan atas transaksi saham perusahaan yang dilakukan oleh para anggota Direksi atau Dewan Komisaris
     C.5
                Directors and Commissioners dealings in shares of the company

                Eksternal Auditor dan Laporan Auditor
     C.6
                External auditor and Auditor Report

                Media Komunikasi Perusahaan
     C.7
                Medium of communications

                Penyampaian informasi laporan keuangan atau laporan tahunan secara tepat waktu
     C.8
                Timely filing/release of annual/financial reports




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                         481
Page 482
01                               02                       03                      04                                       05
Ikhtisar Kinerja Utama           Laporan Manajemen        Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report        Company Profile          Management Discussion and Analysis       Business Support Functions




Tabel Pernyataan Kepatuhan Perseroan terhadap Pedoman Tata Kelola berdasarkan Parameter ACGS dengan Status Penerapan Penuh
Table of the Company’s Compliance Statement with the Corporate Governance Guidelines based on ACGS Parameters with Full
Implementation Status

 Level/No.                                             Corporate Governance Standard Criteria
                  Website Perusahaan
      C.9
                  Company website

                  Keberadaan Investor Relations dalam Perusahaan
      C.10
                  Investor Relations

                  Tugas dan Tanggung Jawab Direksi dan Dewan Komisaris
       D.1
                  Board Duties and Responsibilities

                  Struktur Dewan Komisaris
      D.2
                  Board structure


Pada Penilaian Bonus dan Penalti, terdapat 8 (delapan)                       In the Bonuses and Penalties Assessment, there are 8
items Bonus yang dapat dipenuhi Perseroan dan 1 (satu)                       (eight) Bonus items that the Company fulfilled and 1 (one)
items Penalti sebagai berikut:                                               Penalty item as follows:

Tabel Level 2 Penalty
Table of Level 2 Penalty

 Level/No.                                             Corporate Governance Standard Criteria
     Level 2

                  Penggunaan electronic voting dalam proses pemungutan suara (voting) pada saat penyelenggaraan RUPS untuk setiap
                  agenda atau mata acara rapat.
   (B) A.1.1
                  The use of electronic voting in the voting process during the General Meeting of Shareholders (GMS) for each agenda item
                  or matter discussed at the meeting.

                  Adanya pengungkapan mengenai praktik yang telah dijalankan Perusahaan dalam pengelolaan risiko dan peluang terkait
                  dengan (perubahan) iklim.
    (B) B.1.1
                  The disclosure of practices that have been implemented by the Company in managing risks and opportunities related to
                  climate (change).

                  Terdapat pengungkapan yang menyatakan bahwa Laporan Keberlanjutan Perusahaan telah dipastikan secara eksternal.
   (B) B.1.2
                  There is a disclosure stating that the Company’s Sustainability Report has been externally assured.

                  Perusahaan telah mengungkapkan informasi mengenai saluran keterlibatan dengan kelompok pemangku kepentingan,
                  termasuk informasi tentang upaya Perusahaan dalam merespon atau menanggapi masalah ESG para pemangku kepentingan.
   (B) B.1.3
                  The Company has disclosed information regarding engagement channels with stakeholder groups, including information on
                  the Company’s efforts to respond to or address stakeholders’ ESG-related issues.

                  Perusahaan telah memiliki unit/divisi/komite khusus yang mengelola atau bertanggung jawab untuk masalah keberlanjutan.
   (B) B.1.4
                  The Company has a dedicated unit/division/committee that manages or is responsible for sustainability matters.

                  Perusahaan telah melibatkan/menggunakan pihak/lembaga independent dalam pengelolaan sistem WBS (Whistle Blowing
   (B) B.1.7      System).
                  The Company has involved or engaged independent parties/institutions in managing the Whistle Blowing System (WBS).

                  Pengungkapan dan penjelasan strategi information technology governance, termasuk di antaranya terkait disruption, cyber
                  security serta disaster recovery.
   (B) D.5.1
                  Disclosure and explanation of information technology governance strategies, including those related to disruption,
                  cybersecurity, and disaster recovery.

                  Keberadaan komite risiko secara terpisah atau independen di dalam perusahaan. Praktik ini telah dijalankan di PT Jasa Marga
                  Tbk yang ditunjukkan melalui keberadaan dari Komite Risiko dan Legal (Risk and Legal Committee).
   (B) D.6.1
                  The existence of a separate or independent risk committee within the company. This practice has been implemented at
                  PT Jasa Marga Tbk, as demonstrated by the existence of the Risk and Legal Committee.

                  Poin penalti ini tidak akan dikenakan kepada perusahaan jika Komisaris independen tidak memperoleh opsi saham, saham
                  bonus atau tantiem/bonus dari perusahaan yang didasarkan pada pencapaian kinerja. Selama tahun buku 2024 secara jelas
                  terungkap bahwa perusahaan telah memberikan bonus berupa tantiem kepada seluruh anggota Dewan Komisaris, termasuk
   (P) E.4.2      di antaranya untuk Komisaris independen.
                  This penalty point will not be imposed on the company if the Independent Commissioner does not receive stock options,
                  bonus shares, or bonuses from the Company based on performance achievements. This is clearly stated for the 2024 fiscal
                  year, including for Independent Commissioners.




482                                                                              Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 483
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Total Corporate Governance Score (overall score) praktik              The total Corporate Governance Score (overall score) for
GCG yang diperoleh Perseroan untuk tahun 2024 (ASEAN                  GCG practices obtained by the Company for 2025 (ASEAN
Scorecard 2025) adalah sebesar 103,46 poin. Berdasarkan               Scorecard 2025) is 103.46 points. Based on this final score,
Skor akhir tersebut, maka kinerja tingkat kepatuhan Jasa              Jasa Marga’s compliance performance is classified as
Marga termasuk dalam predikat “Leadership in Corporate                “Leadership in Corporate Governance,” or Level 5 (more
Governance”, atau Level 5 (lebih dari 100), artinya praktik           than 100), meaning that the Company’s GCG practices
GCG yang dilakukan Perseroan melebihi yang disyaratkan                exceed the requirements of Level 1 (ACGS Structure). The
oleh Level 1 (Struktur ACGS). Assessment dan self-                    Company’s assessment and self-assessment based on
assessment Perseroan berdasarkan parameter ACGS                       ACGS parameters are published on Jasa Marga’s website
dimuat dalam situs web Jasa Marga www.jasamarga.com                   (www.jasamarga.com) in a dedicated menu.
dalam menu tersendiri.

Rekomendasi Hasil Asesmen GCG berdasarkan ASEAN                       Recommendations Based on GCG Assessment Results
Corporate Governance Scorecard (ACGS) Tahun 2024                      Using the ASEAN Corporate Governance Scorecard
                                                                      (ACGS) for 2024

Rekomendasi Level 1                                                   Level 1 Recommendations

Tabel Rekomendasi Hasil Asesmen GCG berdasarkan ASEAN Corporate Governance Scorecard (ACGS) Tahun 2024
Table of Recommendations Based on GCG Assessment Results Using the ASEAN Corporate Governance Scorecard (ACGS) for 2024


                                                                                                                  Rekomendasi
                                 Prinsip                                       Skor                              Recommendation
                                Principle                                      Score                    Jumlah             Parameter
                                                                                                         Total             Parameter
                                                                                                                             (A.4.1)
                                                                                                                             (A.6.1)
 Hak-Hak dan Perlakuan Setara terhadap Pemegang Saham                                                                        (A.6.3)
                                                                                16,00                        6
 Rights and Equal Treatment of Shareholders                                                                                  (A.6.4)
                                                                                                                              (A.7.1)
                                                                                                                             (A.8.3)

 Keberlanjutan dan Ketangguhan                                                                                               (B.3.1)
                                                                                13,64                        2
 Sustainability and Resilience                                                                                               (B.6.3)

 Keterbukaan dan Transparansi
                                                                                25,00                        -                    -
 Disclosure and Transparency

                                                                                                                              (D.3.4)
                                                                                                                             (D.3.13)
 Tanggung Jawab Dewan Komisaris
                                                                                36,83                        5                (D.4.2)
 Responsibilities of the Board of Commissioners
                                                                                                                              (D.4.5)
                                                                                                                              (D.5.6)

 Level 1 Score                                                                  91,46



Penerapan Rekomendasi Pedoman Umum                                    Implementation of the Indonesian
Governansi Korporat Indonesia (PUGKI)                                 Corporate Governance Guidelines (PUGKI)
                                                                      Recommendations

Perseroan juga melakukan penilaian atas implementasi GCG              The Company also conducts an assessment of the
berdasarkan rekomendasi PUGKI. Dalam PUGKI terdapat                   implementation of GCG based on the recommendations
8 Prinsip dan 81 rekomendasi, yang atas pemenuhannya                  of PUGKI. PUGKI comprises eight principles and 81
tersebut dimaksudkan untuk menetapkan praktik governansi              recommendations, the fulfillment of which is intended to
korporat berstandar global guna melindungi kepentingan                establish corporate governance practices that meet global
dan memenuhi harapan para pemegang saham, kreditur,                   standards in order to protect the interests and meet the
debitur, dan para pemangku kepentingan lain agar tercapai             expectations of shareholders, creditors, debtors, and other
penciptaan nilai korporasi yang berkelanjutan dalam jangka            stakeholders, thereby achieving sustainable long-term
panjang.                                                              corporate value creation.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                      483
Page 484
01                              02                        03                     04                                       05
Ikhtisar Kinerja Utama          Laporan Manajemen         Profil Perusahaan       Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report         Company Profile         Management Discussion and Analysis       Business Support Functions




Penerapan rekomendasi PUGKI di Perseroan, secara ringkas                     The implementation of PUGKI recommendations in the
dapat dilihat pada tabel berikut:                                            Company can be summarized in the following table:

Tabel Pedoman Umum Governansi Korporat Indonesia (PUGKI) 2025
Table of the 2025 Indonesian Corporate Governance Guidelines (PUGKI)


                                                                   Penerapan/
                      Prinsip Governansi Korporat                  Penjelasan                       Keterangan Penerapan
   No.               Corporate Governance Principle                  Apply/                       Implementation Description
                                                                   Explanation
 1. Peran dan Tanggung Jawab Direksi dan Dewan Komisaris
    Roles and Responsibilities of Board of Directors and Board of Commissioners

            Direksi dan Dewan Komisaris menjalankan peran               Apply      Dewan Komisaris menjalankan peran pengawasan dan
            dan tanggung jawabnya secara independen                                pemberian nasihat kepada Direksi dalam menjalankan
            dalam menciptakan nilai yang berkelanjutan untuk                       peran pengelolaan Perseroan secara penuh melaksanakan
            kepentingan terbaik jangka panjang korporasi dan                       tanggung jawab fidusia dengan itikad baik dan kehati-
            pemegang saham, dengan mempertimbangkan                                hatian berdasarkan informasi relevan dan lengkap demi
            kepentingan para pemangku kepentingan.                                 kepentingan terbaik Perseroan dalam jangka panjang.
            The Board of Directors and Board of Commissioners
            perform    their    roles   and     responsibilities                   Semua anggota Direksi dan anggota Dewan Komisaris
            independently, creating sustainable value in the                       berkomitmen untuk menghindari benturan kepentingan
            long-term best interests of the corporation and                        serta perbuatan mengejar kepentingan pribadi dalam
            shareholders while considering the interests of                        pengambilan suatu keputusan. Sebagai salah satu bentuk
            stakeholders.                                                          akuntabilitas pelaksanaan peran dan tanggung jawabnya,
                                                                                   dilaksanakan evaluasi atas kinerja Komisaris Utama dan
                                                                                   anggota Dewan Komisaris, serta Direktur Utama dan anggota
                                                                                   Direksi. Direksi dan Dewan Komisaris melaksanakan program
                                                                                   pengembangan kompetensi dalam rangka memastikan
                                                                                   pelaksanaan tugas dan tanggung jawab masing-masing
                                                                                   sesuai dengan kebutuhan Perseroan.

                                                                                   Selengkapnya penerapan prinsip ini di Perseroan dapat
                                                                                   dilihat di situs web Jasa Marga www.jasamarga.com.

                                                                                   The Board of Commissioners supervises and advises
                                                                                   the Board of Directors in managing the Company, fully
                                                                                   exercising its fiduciary responsibilities in good faith and
                                                                                   with due care based on relevant and complete information
                                                                                   in the long-term best interests of the Company.

                                                                                   All members of the Board of Directors and Board of
                                                                                   Commissioners are committed to avoiding conflicts of
                                                                                   interest and pursuing personal interests in decision-making.
                                                                                   As a form of accountability for the implementation of their
                                                                                   roles and responsibilities, evaluations are conducted on the
                                                                                   performance of the President Commissioner, members of
                                                                                   the Board of Commissioners, the President Director, and
                                                                                   members of the Board of Directors. The Board of Directors
                                                                                   and Board of Commissioners implement competency
                                                                                   development programs to ensure that their respective
                                                                                   duties and responsibilities are in accordance with the
                                                                                   needs of the Company.

                                                                                   Further details on how this principle is applied in the
                                                                                   Company can be found on the Jasa Marga website,
                                                                                   www.jasamarga.com.




484                                                                              Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 485
06                               07                                     08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




Tabel Pedoman Umum Governansi Korporat Indonesia (PUGKI) 2025
Table of the 2025 Indonesian Corporate Governance Guidelines (PUGKI)


                                                                    Penerapan/
                   Prinsip Governansi Korporat                      Penjelasan                       Keterangan Penerapan
  No.             Corporate Governance Principle                      Apply/                       Implementation Description
                                                                    Explanation
 2. Komposisi dan Remunerasi Direksi dan Dewan Komisaris
    Composition and Remuneration of the Board of Directors and Board of Commissioners

          Anggota Direksi dan anggota Dewan Komisaris dipilih         Explain       Dewan Komisaris, dibantu oleh Komite Nominasi dan
          dan ditetapkan sedemikian rupa sehingga komposisi                         Remunerasi menyusun:
          Direksi dan Dewan Komisaris adalah beragam                                a. Komposisi dan proses nominasi anggota Direksi dan
          dan masing-masing terdiri dari para Direktur dan                             anggota Dewan Komisaris;
          Komisaris yang memiliki komitmen, pengetahuan,                            b. Kebijakan dan kriteria yang dibutuhkan dalam proses
          kemampuan, dan keahlian yang dibutuhkan untuk                                nominasi calon anggota Direksi dan anggota Dewan
          memenuhi secara tepat peran pengelolaan Direksi                              Komisaris; dan
          dan peran pengawasan Dewan Komisaris.                                     c. Struktur remunerasi, kebijakan remunerasi dan besaran
                                                                                       remunerasi bagi anggota Direksi dan Dewan Komisaris.
          Remunerasi dirancang untuk secara efektif                                    Perseroan mematuhi persyaratan dan tata cara yang
          menyelaraskan kepentingan anggota Direksi dan                                diatur melalui Peraturan Menteri Badan Usaha Milik
          anggota Dewan Komisaris dengan kepentingan                                   Negara No. PER-3/MBU/03/2023 tentang Organ dan
          jangka panjang korporasi dan penciptaan nilai yang                           Sumber Daya Manusia Badan Usaha Milik Negara.
          berkelanjutan.
                                                                                    Penunjukan anggota Direksi dan Dewan Komisaris
          Members of the Board of Directors and Board of                            merupakan hak Pemegang Saham Seri A Dwiwarna dan
          Commissioners are selected and appointed so                               disetujui dalam RUPS.
          that their composition is diverse. Each consists
          of Directors and Commissioners who have the                               Selengkapnya penerapan prinsip ini di Perseroan dapat
          commitment, knowledge, abilities, and expertise                           dilihat di situs web Jasa Marga www.jasamarga.com.
          needed to properly fulfill the management role of
          the Board of Directors and the supervisory role of                        The Board of Commissioners, assisted by the Nomination
          the Board of Commissioners.                                               and Remuneration Committee, formulates:
                                                                                    a. The composition and nomination process for
          Remuneration is designed to effectively align the                             members of the Board of Directors and the Board of
          interests of members of the Board of Directors and                            Commissioners;
          members of the Board of Commissioners with the                            b. The policies and criteria required in the nomination
          corporation's long-term interests and the creation of                         process for candidates for the Board of Directors and
          sustainable value.                                                            the Board of Commissioners; and
                                                                                    c. The remuneration structure, policy, and amounts for
                                                                                        members of the Board of Directors and the Board
                                                                                        of Commissioners. The Company complies with the
                                                                                        requirements and procedures stipulated in the Minister
                                                                                        of State-Owned Enterprises Regulation No. PER-3/
                                                                                        MBU/03/2023 on Organs and Human Resources of
                                                                                        State-Owned Enterprises.

                                                                                    The appointment of members of the Board of Directors and
                                                                                    Board of Commissioners is the right of Series A Dwiwarna
                                                                                    Shareholders and is approved at the GMS.

                                                                                    Further details on how this principle is applied in the
                                                                                    Company can be found on the Jasa Marga website,
                                                                                    www.jasamarga.com.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                      485
Page 486
01                               02                        03                      04                                       05
Ikhtisar Kinerja Utama           Laporan Manajemen         Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report         Company Profile          Management Discussion and Analysis       Business Support Functions




Tabel Pedoman Umum Governansi Korporat Indonesia (PUGKI) 2025
Table of the 2025 Indonesian Corporate Governance Guidelines (PUGKI)


                                                                     Penerapan/
                      Prinsip Governansi Korporat                    Penjelasan                       Keterangan Penerapan
   No.               Corporate Governance Principle                    Apply/                       Implementation Description
                                                                     Explanation
 3. Hubungan Kerja antara Direksi dengan Dewan Komisaris
    Working Relations between the Board of Directors and the Board of Commissioners

            Direksi dan Dewan Komisaris memiliki hubungan                Apply       Dalam melaksanakan tugas dan tanggung jawabnya,
            kerja yang erat, terbuka, konstruktif, profesional dan                   Direksi dan Dewan Komisaris saling berkoordinasi dalam
            saling percaya untuk kepentingan terbaik korporasi.                      hubungan kerja yang erat, terbuka, konstruktif, profesional
            The Board of Directors and Board of Commissioners                        dan saling percaya untuk kepentingan terbaik Perseroan.
            have a close, open, constructive, professional, and
            mutually trusting working relationship that serves                       Selengkapnya penerapan prinsip ini di Perseroan dapat
            the corporation's best interests.                                        dilihat di situs web Jasa Marga www.jasamarga.com.

                                                                                     In carrying out their duties and responsibilities, the Board
                                                                                     of Directors and Board of Commissioners coordinate with
                                                                                     each other in a close, open, constructive, professional, and
                                                                                     mutually trusting working relationship for the best interests
                                                                                     of the Company.

                                                                                     Further details on how this principle is applied in the
                                                                                     Company can be found on the Jasa Marga website,
                                                                                     www.jasamarga.com.

 4. Perilaku Etis dan Bertanggung Jawab
    Ethical and Responsible Behavior

            Korporasi memiliki komitmen untuk bertindak secara           Apply       Perseroan memiliki, menyelenggarakan sosialisasi dan
            etis dan bertanggung jawab menegakkan nilai-nilai                        menegakkan kode etik yang berlaku bagi Insan Jasa Marga
            dan budaya organisasi.                                                   (Dewan Komisaris, Komite, Sekretaris Dewan Komisaris, Staf
            The corporation is committed to acting ethically and                     Dewan Komisaris, Direksi dan seluruh Karyawan Perseroan,
            responsibly in upholding the values and culture of                       termasuk karyawan yang ditugaskan di Anak Perusahaan
            the organization.                                                        dan instansi lainnya, serta personel yang secara langsung
                                                                                     bekerja untuk dan atas nama Perseroan). Perseroan
                                                                                     mengungkapkan kode etik, nilai-nilai, dan budaya Perseroan.

                                                                                     Selengkapnya penerapan prinsip ini di Perseroan dapat
                                                                                     dilihat di situs web Jasa Marga www.jasamarga.com.

                                                                                     The Company has established, disseminated, and enforced
                                                                                     a code of conduct that applies to all Jasa Marga personnel
                                                                                     (Board of Commissioners, Committees, Secretary to the
                                                                                     Board of Commissioners, Board of Commissioners Staff,
                                                                                     Board of Directors, and all Company Employees, including
                                                                                     employees assigned to Subsidiaries and other agencies, as
                                                                                     well as personnel who work directly for and on behalf of the
                                                                                     Company). The Company discloses its code of conduct,
                                                                                     values, and culture.

                                                                                     Further details on how this principle is applied in the
                                                                                     Company can be found on the Jasa Marga website,
                                                                                     www.jasamarga.com.




486                                                                              Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
Page 487
06                               07                                     08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




Tabel Pedoman Umum Governansi Korporat Indonesia (PUGKI) 2025
Table of the 2025 Indonesian Corporate Governance Guidelines (PUGKI)


                                                                    Penerapan/
                   Prinsip Governansi Korporat                      Penjelasan                       Keterangan Penerapan
  No.             Corporate Governance Principle                      Apply/                       Implementation Description
                                                                    Explanation
 5. Manajemen Risiko, Pengendalian Internal, dan Kepatuhan
    Risk Management, Internal Control, and Compliance

          Korporasi menjalankan praktik governansi korporat            Apply        Perseroan menerapkan sistem pengendalian internal dan
          yang terintegrasi dengan penerapan sistem                                 manajemen risiko serta mengungkapkan:
          pengendalian internal dan manajemen risiko, serta                         a. Gambaran umum dan uraian mengenai sistem
          sistem manajemen kepatuhan yang efektif dalam                                 pengendalian internal dan manajemen risiko;
          rangka mendukung pencapaian sasaran, tujuan,                              b. Jenis risiko dan cara pengelolaannya;
          maupun target kinerja korporasi dalam menjalankan                         c. Pengendalian keuangan dan operasional, serta
          bisnis secara berintegritas.                                                  kepatuhan terhadap peraturan perundang-undangan
          The corporation implements integrated corporate                               yang berlaku; dan
          governance practices, including the application                           d. Tinjauan atas efektivitas sistem pengendalian internal
          of internal control and risk management systems                               dan manajemen risiko.
          and effective compliance management systems,
          to support the achievement of corporate goals,                            Perseroan menerapkan governansi secara terintegrasi
          objectives, and performance targets in conducting                         dengan manajemen risiko dan sistem manajemen
          business with integrity.                                                  kepatuhan secara terintegrasi:
                                                                                    a. Dalam      penataan    sistem   governansi  korporat
                                                                                        menyesuaikan dengan tuntutan kepatuhan dari
                                                                                        pemangku kepentingan, baik terhadap terhadap
                                                                                        ketentuan regulasi yang berlaku, standar industri,
                                                                                        klausula perikatan, maupun norma dan etika yang
                                                                                        ada, serta sekaligus juga menyesuaikan dengan yang
                                                                                        diperlukan dalam rangka pengendalian internal dan
                                                                                        pengelolaan risiko;
                                                                                    b. Dalam mewujudkan pengendalian internal dan
                                                                                        pengelolaan risiko serta kepatuhan Perseroan ketika
                                                                                        menjalankan bisnis dan operasinya, Perseroan secara
                                                                                        konsisten menjalankan praktik yang sesuai dengan
                                                                                        prinsip dan sistem governansi korporat.

                                                                                    Selengkapnya penerapan prinsip ini di Perseroan dapat
                                                                                    dilihat di situs web Jasa Marga www.jasamarga.com.

                                                                                    The Company implements internal control and risk
                                                                                    management systems and discloses:
                                                                                    a. An overview and description of the internal control and
                                                                                       risk management systems;
                                                                                    b. The types of risks and how they are managed;
                                                                                    c. Financial and operational controls, as well as
                                                                                       compliance with applicable laws and regulations; and
                                                                                    d. A review of the effectiveness of the internal control
                                                                                       and risk management systems.

                                                                                    The Company implements governance integrated with risk
                                                                                    management and a compliance management system:
                                                                                    a. In structuring the corporate governance system,
                                                                                        it complies with the compliance requirements of
                                                                                        stakeholders, both in terms of applicable regulations,
                                                                                        industry standards, contract clauses, and existing
                                                                                        norms and ethics, as well as those required for internal
                                                                                        control and risk management;
                                                                                    b. In realizing internal control, risk management, and
                                                                                        compliance when conducting its business and
                                                                                        operations, the Company consistently implements
                                                                                        practices per corporate governance principles and
                                                                                        systems.

                                                                                    Further details on how this principle is applied in the
                                                                                    Company can be found on the Jasa Marga website,
                                                                                    www.jasamarga.com.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                        487
Page 488
01                              02                        03                      04                                       05
Ikhtisar Kinerja Utama          Laporan Manajemen         Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report         Company Profile          Management Discussion and Analysis       Business Support Functions




Tabel Pedoman Umum Governansi Korporat Indonesia (PUGKI) 2025
Table of the 2025 Indonesian Corporate Governance Guidelines (PUGKI)


                                                                    Penerapan/
                      Prinsip Governansi Korporat                   Penjelasan                       Keterangan Penerapan
   No.               Corporate Governance Principle                   Apply/                       Implementation Description
                                                                    Explanation
 6. Pengungkapan dan Transparansi
    Disclosure and Transparency

            Korporasi membuat pengungkapan yang akurat                  Apply       Perseroan melakukan pengungkapan kejadian atau fakta
            dan tepat waktu mengenai semua hal yang material                        material sesegera mungkin setelah terjadinya kejadian.
            tentang korporasi.                                                      Perseroan juga menyampaikan laporan tahunan dan
            The corporation makes accurate and timely                               laporan keberlanjutan ke publik secara tepat waktu sesuai
            disclosures regarding all material matters concerning                   peraturan yang berlaku.
            the corporation.
                                                                                    Selengkapnya penerapan prinsip ini di Perseroan dapat
                                                                                    dilihat di situs web Jasa Marga www.jasamarga.com.

                                                                                    The Company discloses material events or facts as soon
                                                                                    as possible after they occur. In accordance with applicable
                                                                                    regulations, the company also submits annual reports and
                                                                                    sustainability reports to the public in a timely manner.

                                                                                    Further details on how this principle is applied in the
                                                                                    Company can be found on the Jasa Marga website,
                                                                                    www.jasamarga.com.

 7. Perlindungan terhadap Hak-Hak Pemegang Saham
    Protection of the Rights of Shareholders

            Korporasi melindungi dan memfasilitasi pelaksanaan          Apply       Perseroan melindungi dan memfasilitasi penggunaan hak-
            hak pemegang saham dan memastikan perlakukan                            hak dasar pemegang saham. Hak dasar pemegang saham
            yang adil terhadap pemegang saham, termasuk                             tersebut antara lain hak untuk:
            pemegang saham minoritas. Korporasi memastikan                          a. Memperoleh secara teratur dan tepat waktu informasi
            bahwa sesuai dengan aturan perundangundangan                                material yang relevan tentang Perseroan;
            yang     berlaku,   pemegang      saham      memiliki                   b. Berpartisipasi dan memberikan suara dalam RUPS;
            kesempatan untuk mendapatkan ganti rugi yang                            c. Mengangkat dan memberhentikan anggota Dewan
            efektif atas pelanggaran hak-hak mereka.                                    Komisaris dan anggota Direksi; dan
            The corporation protects and facilitates the exercise                   d. Memperoleh bagian laba Perseroan.
            of shareholder rights and ensures fair treatment
            of shareholders, including minority shareholders.                       Pemegang saham minoritas dan kepentingan Perseroan
            The corporation ensures that, per applicable laws                       dilindungi dari tindakan merugikan yang dilakukan oleh,
            and regulations, shareholders can obtain effective                      atau untuk kepentingan dari, pemegang saham pengendali
            compensation for violations of their rights.                            dan/atau pengurus. Pemegang saham pengendali
                                                                                    dan    pengurus     Peseroan   senantiasa   menghindari
                                                                                    penyalahgunaan kekuatan mayoritasnya atau kendalinya.

                                                                                    Selengkapnya penerapan prinsip ini di Perseroan dapat
                                                                                    dilihat di situs web Jasa Marga www.jasamarga.com.

                                                                                    The Company protects and facilitates the exercise of basic
                                                                                    shareholder rights. These basic shareholder rights include
                                                                                    the right to:
                                                                                    a. Obtain relevant material information about the
                                                                                         Company regularly and on time;
                                                                                    b. Participate and vote in GMS;
                                                                                    c. Appoint and dismiss members of the Board of
                                                                                         Commissioners and members of the Board of
                                                                                         Directors; and
                                                                                    d. Obtain a share of the Company's profits.

                                                                                    Minority shareholders and the interests of the Company
                                                                                    are protected from detrimental actions taken by, or for the
                                                                                    benefit of, controlling shareholders and/or management.
                                                                                    Controlling shareholders and management of the Company
                                                                                    shall always avoid abusing their majority power or control.

                                                                                    Further details on how this principle is applied in the
                                                                                    Company can be found on the Jasa Marga website,
                                                                                    www.jasamarga.com.




488                                                                             Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
Page 489
06                               07                                     08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




Tabel Pedoman Umum Governansi Korporat Indonesia (PUGKI) 2025
Table of the 2025 Indonesian Corporate Governance Guidelines (PUGKI)


                                                                    Penerapan/
                   Prinsip Governansi Korporat                      Penjelasan                       Keterangan Penerapan
  No.             Corporate Governance Principle                      Apply/                       Implementation Description
                                                                    Explanation
 8. Pemangku Kepentingan Lainnya
    Other Stakeholders

          Korporasi wajib melaksanakan tanggung jawab sosial           Apply        Perseoran melaksanakan program-program tanggung
          dan lingkungan, yaitu komitmen untuk berperan                             jawab sosial dan lingkungan dengan melibatkan para
          serta dalam pembangunan ekonomi berkelanjutan                             pemangku kepentingan, terintegrasi dengan proses bisnis
          guna meningkatkan kualitas kehidupan dan                                  Perseroan, dengan memastikan perlindungan terhadap
          lingkungan yang bermanfaat, baik bagi korporasi itu                       para pemangku kepentingan.
          sendiri, komunitas setempat, maupun masyarakat
          pada umumnya. Pelaksanaan kewajiban ini                                   Selengkapnya penerapan prinsip ini di Perseroan dapat
          perlu melibatkan para pemangku kepentingan,                               dilihat di situs web Jasa Marga www.jasamarga.com.
          terintegrasi dengan proses bisnis korporasi dengan
          memastikan perlindungan terhadap para pemangku                            The Company implements social and environmental
          kepentingan.                                                              responsibility programs by involving stakeholders,
                                                                                    integrating them with the Company's business processes,
          The corporation is required to fulfill its social                         and ensuring the protection of stakeholders.
          and environmental responsibilities, namely its
          commitment to participate in sustainable economic                         Further details on how this principle is applied in the
          development to improve the quality of life and the                        Company can be found on the Jasa Marga website,
          environment for the benefit of the corporation itself,                    www.jasamarga.com.
          the local community, and society in general. Fulfilling
          these obligations must involve stakeholders and
          be integrated with the corporation's business
          processes, ensuring the protection of stakeholders.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                    489
Page 490
01                                       02                           03                          04                                              05
Ikhtisar Kinerja Utama                   Laporan Manajemen            Profil Perusahaan            Analisa dan Pembahasan Manajemen                Fungsi Penunjang Bisnis
Main Performace Highlights               Management Report            Company Profile              Management Discussion and Analysis              Business Support Functions




Struktur Organ Tata Kelola Perusahaan
Corporate Governance Structure
                                                      Struktur Organ Tata Kelola Perusahaan yang Baik
                                                             Good Corporate Governance Structure


                                                                         Rapat Umum Pemegang Saham
                                                                        General Meeting of Shareholders




               Dewan Komisaris                                                                                                Direksi
            Board of Commissioners                                                                                       Board of Directors




                                                               Corporate
     1. Komite Audit                                                                                                                           Komite Manajemen Risiko
                                                               Secretary
     2. Komite Nominasi dan Remunerasi                                           Internal Audit                                               Risk Management Committee
                                                               and Chief
     3. Komite Pemantau Risiko dan Hukum                                             Group
                                                             Administration
     4. Komite Tata Kelola Terintegrasi                         Officer

     1. Audit Committee
                                                                         Corporate                                      Corporate                    Komite Pengarah
     2. Nomination and Remuneration                                                               Risk and Quality
                                                       Legal and       Communication                                  Finance and                   Teknologi Informasi
        Committee                                                                                  Health, Safety,
                                                      Compliance       and Community                                     Investor                 Information Technology
     3. Risk Monitoring and Legal Committee                                                        & Environment
                                                        Group           Development                                  Relations Group                Steering Committee
     4. Integrated Corporate Governance                                                                Group
                                                                           Group
        Committee


                                                                                                      Risk
                                                       Governance                                                      Investor
                                                                                                   Management                                    Komite Sustainability
         Sekretaris Dewan Komisaris                  and Compliance                                                    Relations
                                                                                                   Department                                   Sustainability Committee
       Board of Commissioners Secretary                Department                                                     Department




Merujuk pada Undang-Undang No. 40 tahun 2007 tentang                                      Referring to Law No. 40 of 2007 on Limited Liability
Perseroan Terbatas, pada Bab I mengenai Ketentuan Umum                                    Companies, Chapter I on General Provisions Article 1, it is
Pasal 1, tercantum bahwa Organ Perseroan terdiri dari Rapat                               stated that the Company’s Organs consist of the General
Umum Pemegang Saham, Direksi dan Dewan Komisaris.                                         Meeting of Shareholders, the Board of Directors, and the
                                                                                          Board of Commissioners.
1. Rapat Umum Pemegang Saham (RUPS) adalah Organ                                          1. The General Meeting of Shareholders (GMS) is the
   Perseroan yang mempunyai wewenang yang tidak                                               Company’s Organ that has authority not granted to the
   diberikan kepada Direksi atau Dewan Komisaris dalam                                        Board of Directors or the Board of Commissioners within
   batas yang ditentukan dalam Undang-Undang dan/atau                                         the limits specified in the Law and/or the Articles of
   Anggaran Dasar.                                                                            Association.
2. Direksi adalah Organ Perseroan yang berwenang dan                                      2. The Board of Directors is the Company’s Organ that
   bertanggung jawab penuh atas pengurusan Perusahaan                                         has full authority and responsibility for managing the
   untuk kepentingan Perseroan, sesuai dengan maksud                                          Company in its interests, in accordance with its aims
   dan tujuan Perseroan serta mewakili Perseroan, baik                                        and objectives, and representing the Company, both in
   di dalam maupun di luar pengadilan sesuai dengan                                           and out of court, per the provisions of the Articles of
   ketentuan Anggaran Dasar.                                                                  Association.
3. Dewan Komisaris adalah Organ Perseroan yang bertugas                                   3. The Board of Commissioners is the Company’s organ
   melakukan pengawasan secara umum dan/atau khusus                                           tasked with conducting general and/or specific
   sesuai dengan Anggaran Dasar serta memberi nasihat                                         supervision per the Articles of Association and providing
   kepada Direksi.                                                                            advice to the Board of Directors.


Infrastruktur GCG                                                                         GCG Infrastructure
Secara utuh, Jasa Marga telah memiliki governance                                         Overall, Jasa Marga has an effective governance structure,
structure yang efektif, yang terdiri dari organ Perseroan dan                             which consists of corporate bodies and governance
telah memiliki infrastruktur tata kelola berupa kebijakan-                                infrastructure in the form of internal policies. These policies
kebijakan internal sebagai acuan dan panduan dalam                                        serve as references and guidelines for implementing good
penerapan prinsip tata kelola yang baik, sehingga dapat                                   governance principles, thereby producing outcomes that
menghasilkan outcome yang sesuai dengan harapan para                                      meet stakeholders’ expectations.
pemangku kepentingan.


490                                                                                               Laporan Tahunan 2025 Annual Report          PT Jasa Marga (Persero) Tbk
Page 491
06                                   07                                                08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan                  Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility                   Reference of POJK, SEOJK, and ARA Criteria




Organ Perseroan meliputi Organ Utama yakni Rapat Umum                                     The Company Organs include the Main Organ, i.e., the General
Pemegang Saham, Dewan Komisaris, dan Direksi. Adapun                                      Meeting of Shareholders, the Board of Commissioners,
Dewan Komisaris dan Direksi memiliki Organ di bawahnya                                    and the Board of Directors. The Boards have subordinate
sebagai pendukung tugas dan fungsinya. Dewan Komisaris                                    organs that support their duties and functions. The Board
memiliki Organ Pendukung yaitu Komite Audit, Komite                                       of Commissioners has supporting organs: the Audit
Nominasi dan Remunerasi, dan Komite Pemantau Risiko                                       Committee, the Nomination and Remuneration Committee,
dan Hukum, sedangkan Direksi memiliki Komite-Komite                                       and the Risk Monitoring and Legal Committee. In contrast,
Direksi yaitu Komite Manajemen Risiko dan Komite Pengarah                                 the Board of Directors has Board Committees, i.e., the Risk
Teknologi Informasi, serta organ pendukung Direksi lainnya                                Management Committee and the Information Technology
seperti Unit Internal Audit dan satuan kerja lainnya.                                     Steering Committee, as well as other supporting organs,
                                                                                          such as the Internal Audit Unit and other work units.

Dalam mendukung efektivitas pelaksanaan tugas dan                                         To support the effective implementation of the tasks and
tanggung jawab Organ Perseroan, Jasa Marga memiliki                                       responsibilities of the Company’s Organs, Jasa Marga has
berbagai infrastruktur kebijakan internal, baik dalam bentuk                              various internal policy infrastructures, such as regulations,
peraturan, keputusan, pedoman, SOP, maupun kebijakan                                      resolutions, guidelines, SOPs, and other policies as
lainnya sebagai acuan dan koridor dalam melaksanakan                                      references and guidelines in carrying out its functions.
fungsinya.



                                                                          Soft Structure GCG
                                                                          GCG Soft Structure


                                                                               Anggaran Dasar
                                                                           Articles of Associations




                                                                                  Threshold
                                                                     (Batasan dan/Kewenangan Dewan)
                                                                     (Limits and/or Authority of the Board




                                                                                Board Manual




                                                                      Pedoman Tata Kelola Perusahaan
                                                                      Corporate Governance Guidelines




          Pedoman Perilaku                                                                                                                     Pedoman Whistleblowing System
           Code of Conduct                                                                                                                     Whistleblowing System Guidelines




                        Pedoman Benturan Kepentingan                                                                 Pedoman Penanganan Gratifikasi
                         Conflict of Interest Guidelines                                                            Guidelines for Handling Gratifications




                                                      Kebijakan Lainnya                        Standard Operasional Prosedur
                                                        Other Policies                          Standard Operating Procedure




Dalam mendukung penerapan GCG di Perseroan, Jasa Marga                                    In supporting the implementation of GCG in the Company,
telah memiliki Governance Soft Structure yang berfungsi                                   Jasa Marga has established a Governance Soft Structure
sebagai pedoman Insan Jasa Marga dalam menjalankan                                        that serves as a guideline for Jasa Marga personnel in
kegiatan    operasional    Perseroan,   agar     senantiasa                               carrying out the Company’s operational activities, so that
berlandaskan prinsip-prinsip tata kelola perusahaan yang                                  they are always based on the principles of good corporate
baik. Governance Soft Structure merupakan aspek penting                                   governance. It is an important aspect in the implementation
dalam implementasi GCG, dan akan menjadi living document                                  of GCG and will become a living document for all ranks
bagi segenap jajaran dan tingkatan organisasi di Perseroan.                               and levels of the organization within the Company. The
Adapun Governance Soft Structure yang dimiliki Jasa Marga,                                Governance Soft Structure of Jasa Marga is as follows:
sebagai berikut:
1. Anggaran Dasar Perseroan sebagaimana dinyatakan                                        1.    The Company’s Articles of Association, as stated in the
    dalam Akta Pernyataan Keputusan Rapat No. 04                                                Deed of Meeting Resolution No. 04 dated 9 January
    tanggal 09 Januari 2026, dibuat di hadapan Ir. Nanette                                      2026, drawn up before Ir. Nanette Cahyanie Handari
    Cahyanie Handari Adi Warsito, SH, Notaris di Jakarta,                                       Adi Warsito, SH, Notary in Jakarta, together with the
    berikut Surat Penerimaan Pemberitahuan dari Direktorat                                      Acknowledgement of Receipt of Notification from the


PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                                                       491
Page 492
01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




   Jenderal Administrasi Hukum Umum Kementerian                        Directorate General of General Legal Administration
   Hukum Republik Indonesia No. AHU-AH.01.03-0013716                   of the Ministry of Law of the Republic of Indonesia
   tanggal 19 Januari 2026 dan telah didaftar dalam Daftar             No. AHU-AH.01.03-0013716 dated 19 January 2026
   Perseroan No. AHU-0007721.AH.01.11.Tahun 2026                       and registered in the Register of Companies No. AHU-
   tanggal 19 Januari 2026.                                            0007721.AH.01.11.Year 2026 dated 19 January 2026.
2. Keputusan Direksi PT Jasa Marga (Persero) Tbk, di                2. Board of Directors decrees of PT Jasa Marga (Persero)
   antaranya adalah:                                                   Tbk, including:
   a. Keputusan Direksi No. 60/KPTS/2024 tentang Visi                  a. Board of Directors Decree No. 60/KPTS/2024 on the
      dan Misi Perusahaan.                                                 Company’s Vision and Mission.
   b. Keputusan Direksi No. 46/KPTS/2024 tentang                       b. Board of Directors Decree No. 46/KPTS/2024 on the
      Pedoman Tata Kelola Perusahaan (Code of Corporate                    Code of Corporate Governance of PT Jasa Marga
      Governance) PT Jasa Marga (Persero) Tbk.                             (Persero) Tbk.
   c. Keputusan Direksi No. 46.1/KPTS/2024 tentang                     c. Board of Directors Decree No. 46.1/KPTS/2024 on
      Pedoman Perilaku Code of Conduct) PT Jasa Marga                     the Code of Conduct of PT Jasa Marga (Persero)
      (Persero) Tbk.                                                       Tbk.
   d. Keputusan Direksi No. 118/KPTS/2022 tanggal                      d. Board of Directors Decree No. 118/KPTS/2022 dated
      20 September 2022 tentang Pedoman Penanganan                         September 20, 2022 on Guidelines for Handling
      Gratifikasi di Lingkungan PT Jasa Marga (Persero)                    Gratuities within PT Jasa Marga (Persero) Tbk.
      Tbk.
   e. Keputusan Direksi No. 09/KPTS/2022 tentang                       e. Board of Directors Decree No. 09/KPTS/2022 on
      Pembagian Tugas dan Wewenang Direksi PT Jasa                        the Division of Duties and Authorities of the Board
      Marga (Persero) Tbk dan perubahan-perubahannya.                     of Directors of PT Jasa Marga (Persero) Tbk and its
                                                                          amendments.
     f. Keputusan Direksi No. 53/KPTS/2022 tentang Tim                 f. Board of Directors Decree No. 53/KPTS/2022 on
        Pengelolaan Whistleblowing System PT Jasa Marga                   the Whistleblowing System Management Team of
        (Persero) Tbk.                                                    PT Jasa Marga (Persero) Tbk.
     g. Keputusan Direksi No. 148/KPTS/2024 tentang                    g. Board of Directors Decree No. 148/KPTS/2024 on
        Kebijakan Anti Penyuapan PT Jasa Marga (Persero)                  the Anti-Bribery Policy of PT Jasa Marga (Persero)
        Tbk.                                                              Tbk.
     h. Keputusan Direksi No. 202/KPTS/2024 tentang                    h. Board of Directors Decree No. 202/KPTS/2024
        Manual Sistem Manajemen Anti Penyuapan PT Jasa                    on the Anti-Bribery Management System Manual
        Marga (Persero) Tbk.                                              of PT Jasa Marga (Persero) Tbk.
     i. Keputusan Bersama Direksi dan Dewan Komisaris                  i. Joint Decree of the Board of Directors and Board
        PT Jasa Marga (Persero) Tbk No. KEP149/                           of Commissioners of PT Jasa Marga (Persero) Tbk
        IX/2024 dan No. 191/KPTS/2024 tentang Pedoman                     No. KEP149/IX/2024 and No. 191/KPTS/2024 on the
        Whistleblowing System PT Jasa Marga (Persero)                     Guidelines for the Whistleblowing System of PT Jasa
        Tbk.                                                              Marga (Persero) Tbk.
     j. Keputusan Direksi No. 78/KPTS/2020 tentang                     j. Board of Directors Decree No. 78/KPTS/2020 on
        Pedoman Benturan Kepentingan (Conflict of Interest)               the Conflict of Interest Guidelines at PT Jasa Marga
        di PT Jasa Marga (Persero) Tbk.                                   (Persero) Tbk.
     k. Board Manual Dewan Komisaris dan Direksi PT Jasa               k. Board Manual of the Board of Commissioners and
        Marga (Persero) Tbk yang telah disahkan pada                      Board of Directors of PT Jasa Marga (Persero) Tbk,
        tanggal 08 September 2025.                                        which was ratified on September 8, 2025.
     l. Keputusan Direksi No. 58/KPTS/2020 tentang Tata                l. Board of Directors Decree No. 58/KPTS/2020 on
        Nilai Perusahaan.                                                 Corporate Values.
     m. Keputusan Direksi No. 43/KPTS/2015 tentang                     m. Board of Directors Decree No. 43/KPTS/2015 on
        Laporan Harta Kekayaan Penyelenggara Negara di                    Reports on the Wealth of State Officials within the
        Lingkungan Perusahaan.                                            Company.
     n. Keputusan Direksi No. 197/KPTS/2011 tentang                    n. Board of Directors Decree No. 197/KPTS/2011 on
        Pedoman Pelaksanaan Rapat Direksi PT Jasa Marga                   Guidelines for Implementing Board of Directors
        (Persero) Tbk.                                                    Meetings of PT Jasa Marga (Persero) Tbk.
     o. Keputusan Direksi No. 248/KPTS/2024 tentang                    o. Board of Directors Decree No. 248/KPTS/2024 on
        Pedoman Strategi Anti-Fraud PT Jasa Marga                         Guidelines for the Anti-Fraud Strategy of PT Jasa
        (Persero) Tbk.                                                    Marga (Persero) Tbk.
     p. Keputusan Direksi No. 200/KPTS/2025 tentang                    p. Board of Directors Decision No. 200/KPTS/2025
        Struktur Organisasi PT Jasa Marga (Persero) Tbk.                  concerning the Organisational Structure of PT Jasa
                                                                          Marga (Persero) Tbk.
     q. Keputusan Bersama Direksi dan Dewan Komisaris                  q. Joint Decree of the Board of Directors and Board
        PT Jasa Marga (Persero) Tbk No. KEP-041/III/2024                  of Commissioners of PT Jasa Marga (Persero) Tbk
        dan No. 45/KPTS/2024 tentang Pedoman Tata                         No. KEP-041/III/2024 and No. 45/KPTS/2024 on
        Kelola Terintegrasi Konglomerasi PT Jasa Marga                    Guidelines for Integrated Governance of the PT Jasa
        (Persero) Tbk.                                                    Marga (Persero) Tbk Conglomerate.




492                                                                     Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 493
06                                  07                                      08
Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




Tabel Soft Structure PT Jasa Marga (Persero) Tbk
Table of PT Jasa Marga (Persero) Tbk Soft Structure



     Soft Structure                                                                Deskripsi
                                                                                  Description
                              Gambaran mekanisme kerja yang menjadi dasar atau sumber peraturan/hukum bagi Perseroan dalam menjalankan
 Anggaran Dasar               aktivitas-aktivitasnya.
 Articles of Association      An overview of the working mechanisms that form the basis or source of regulations/laws for the Company's
                              activities.
                              Batasan dan/atau kriteria tindakan Direksi yang memerlukan persetujuan Dewan Komisaris dan Pemegang Saham
                              Seri A Dwiwarna dan RUPS.
 Threshold
                              Limitations and/or criteria for actions by the Board of Directors that require the approval of the Board of
                              Commissioners and Series A Dwiwarna Shareholders and the GMS.
                              Kompilasi dari praktik-praktik pengelolaan Perseroan yang bersumber dari regulasi (Undang-Undang/Peraturan),
                              Anggaran Dasar dan best practices yang disepakati bersama dalam rangka implementasi GCG. Board Manual
                              menjadi pedoman kerja bagi Dewan Komisaris dan Direksi dalam melaksanakan tugas dan fungsinya.
 Board Manual
                              A compilation of the Company's management practices sourced from regulations (laws/regulations), the Articles of
                              Association, and agreed-upon best practices in the context of GCG implementation. The Board Manual serves as a
                              working guideline for the Board of Commissioners and the Board of Directors in carrying out their duties and functions.
                              Sekumpulan nilai dan praktik Perseroan yang menjadi suatu pedoman bagi Organ Perseroan dan Manajemen dalam
                              mengelola Perseroan, yang memuat prinsip-prinsip GCG yang selaras dengan peraturan perundangan-undangan,
 Code of Corporate            tujuan, visi dan misi serta nilai nilai Perseroan.
 Governance COCG            A set of values and practices that serve as guidelines for the Company's organs and management in managing
                              the Company, which contain GCG principles that align with laws and regulations, objectives, vision and mission,
                              as well as the Company's values.
                              Sistem nilai atau norma yang dianut oleh seluruh Insan Jasa Marga dalam melaksanakan tugasnya, yang memuat
                              etika bisnis dan perilaku seluruh Insan Jasa Marga dalam mencapai tujuan, Visi dan Misi Perseroan, serta mengatur
                              mengenai etika hubungan antara Perseroan dengan Karyawan, Pengguna Jalan Tol, Pemegang Saham, Pemasok,
                              Kreditur/Investor, Pemerintah, Mitra Usaha, Pesaing, Media Massa, Masyarakat dan Lingkungannya.
 Code of Conduct
                              A system of values or norms adopted by all Jasa Marga employees in carrying out their duties, which contains
 COC
                              the business ethics and behavior of all Jasa Marga employees in achieving the Company's objectives, vision
                              and mission, as well as regulating the ethical relationship between the Company and its employees, toll road
                              users, shareholders, suppliers, creditors/investors, government, business partners, competitors, mass media, the
                              Community and the Environment.
                              Surat pernyataan yang ditandatangani oleh Dewan Komisaris, Direksi, dan Karyawan Perseroan, yang berisi ikrar
                              untuk menerapkan prinsip-prinsip Tata Kelola Perusahaan yang Baik dalam menjalankan tugas dan tanggung
 Pakta Integritas
                              jawabnya.
 Integrity Pact
                              A statement letter signed by the Board of Commissioners, Board of Directors, and Employees of the Company, containing
                              a pledge to apply the principles of Good Corporate Governance in carrying out their duties and responsibilities.
 Pedoman Penanganan           Pedoman bagi Insan Jasa Marga untuk memahami, mencegah dan menanggulangi Benturan Kepentingan di
 Benturan Kepentingan         Perseroan.
 Conflict of Interest         Guidelines for Jasa Marga personnel to understand, prevent, and overcome Conflicts of Interest within the
 Guideline                    Company.
 Pedoman Penanganan           Pedoman bagi Insan Jasa Marga untuk memahami, mencegah, dan menanggulangi Gratifikasi di Perseroan.
 Gratifikasi                  Guidelines for Jasa Marga personnel to understand, prevent, and overcome Gratification within the Company.
 Gratification Control
 Guideline
 Pedoman                      Pedoman bagi Insan Jasa Marga dalam mencegah, mendeteksi potensi pelanggaran, dan mekanisme pengaduan
 Whistleblowing System        pelanggaran yang terjadi di lingkungan Jasa Marga.
 Whistleblowing System        Guidelines for Jasa Marga personnel to prevent and detect potential violations and mechanisms for reporting
 Guideline                    violations that occur within Jasa Marga.



Mekanisme GCG                                                                 GCG Mechanism
Dalam kedudukannya sebagai Perusahaan BUMN, penerapan                         In its position as a state-owned enterprise, the implementation
GCG di Jasa Marga didasarkan pada Peraturan yang                              of GCG at Jasa Marga is based on regulations governing
mengatur mengenai Tata Kelola Perusahaan yang Baik di                         good corporate governance in the state-owned enterprise
lingkungan BUMN yaitu Peraturan Menteri BUMN No.PER-2/                        sector, namely Regulation of the Minister of State-Owned
MBU/03/2023 tanggal 24 Maret 2023 tentang Pedoman Tata                        Enterprises No. PER-2/MBU/03/2023 dated March 24,
Kelola dan Kegiatan Kegiatan Korporasi Signifikan Badan                       2023 concerning Guidelines for Corporate Governance and
Usaha Milik Negara, yang menyebutkan bahwa Perusahaan                         Significant Corporate Activities of State-Owned Enterprises,
wajib menerapkan prinsip Tata Kelola Perusahaan yang Baik                     which states that companies are required to apply the
dalam menjalankan kegiatan usaha pada seluruh tingkatan                       principles of Good Corporate Governance in conducting
atau jenjang organisasi. Prinsip Tata Kelola Perusahaan yang                  business activities at all levels or tiers of the organization.
dimaksud meliputi transparansi (transparency), akuntabilitas                  The principles of Corporate Governance referred to include
(accountability),   pertanggungjawaban        (responsibility),               transparency, accountability, responsibility, independence,
kemandirian (independency), dan kewajaran (fairness).                         and fairness.



PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                           493
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01                           02                   03                       04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen    Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report    Company Profile           Management Discussion and Analysis       Business Support Functions




Pemegang Saham dan
Rapat Umum Pemegang Saham
Shareholders and General Meetings of Shareholders

Pemegang Saham                                                       Shareholders
Pemegang Saham Jasa Marga terbagi ke dalam 2 (dua)                   Jasa Marga shareholders are divided into 2 (two) types,
jenis yaitu 1 (satu) lembar saham Seri A Dwiwarna (sebagai           namely 1 (one) share of Series A Dwiwarna (as the
Pemegang Saham pengendali) dan 5.080.509.839 Saham                   controlling shareholder) and 5,080,509,839 Series B
Seri B. Pemegang Saham pengendali Jasa Marga adalah                  shares. The controlling shareholders of Jasa Marga are the
Pemerintah Republik Indonesia melalui BP BUMN dan                    Government of the Republic of Indonesia through BP BUMN
PT Danantara Asset Management (Persero) dengan                       and PT Danantara Asset Management (Persero) with a 70%
persentase kepemilikan sebesar 70% serta sebesar 30%                 ownership stake, while 30% is owned by the public.
dimiliki oleh Publik.


Hak dan Tanggung Jawab Pemegang                                      Shareholder Rights and Responsibilities
Saham
Dalam RUPS, Pemegang Saham berhak memperoleh                         At the GMS, Shareholders are entitled to equal treatment
perlakuan yang sama dalam menyuarakan pendapat dan                   in voicing their opinions and contributing to the Company’s
berkontribusi dalam proses pengambilan keputusan penting             important and strategic decision-making processes,
dan strategis Perseroan, di antaranya terkait hal-hal sebagai        including the following matters:
berikut:
1. Pengangkatan dan pemberhentian Dewan Komisaris dan                1.   Appointment and dismissal of the Company’s Board of
    Direksi Perseroan;                                                    Commissioners and Board of Directors;
2. Penetapan jumlah remunerasi dan tunjangan Dewan                   2.   Determination of the remuneration and allowances of
    Komisaris dan Direksi Perseroan;                                      the Company’s Board of Commissioners and Board of
                                                                          Directors;
3. Penilaian kinerja Perseroan untuk tahun buku yang                 3.   Assessment of the Company’s performance for the
   bersangkutan;                                                          relevant fiscal year;
4. Persetujuan penggunaan laba bersih Perseroan,                     4.   Approval of the use of the Company’s net profit, including
   termasuk di antaranya terkait dividen;                                 dividends;
5. Perubahan Anggaran Dasar Perseroan; dan                           5.   Amendments to the Company’s Articles of Association;
                                                                          and
6. Seluruh aksi korporasi yang membutuhkan keputusan                 6.   All corporate actions that require a GMS resolution as
   RUPS sebagaimana tertuang di dalam Anggaran Dasar                      stipulated in the Company’s Articles of Association.
   Perseroan.

RUPS Tahunan berwenang untuk mengesahkan Laporan                     The Annual GMS has the authority to approve the Company’s
Keuangan dan Laporan Tahunan Perseroan. Pemerintah                   Financial Statements and Annual Report. The Government
Republik Indonesia sebagai Pemegang Saham pengendali                 of the Republic of Indonesia, as the controlling shareholder
dengan kepemilikan saham Seri A Dwiwarna wajib                       with ownership of Series A Dwiwarna shares, is required to
memperhatikan tanggung jawabnya dalam menggunakan                    exercise its responsibilities in exercising its rights, both in
haknya, baik saat menggunakan hak suara maupun dalam                 terms of voting rights and other matters. The Government
hal lainnya. Pemerintah memiliki hak khusus yang dapat               has special rights that can be exercised when approving
digunakan ketika memberikan persetujuan terhadap                     plans for mergers, acquisitions, divestitures, or liquidations
rencana penggabungan usaha (merger), akuisisi, divestasi,            through the GMS forum.
atau likuidasi melalui forum RUPS.


Rapat Umum Pemegang Saham                                            General Meeting of Shareholders
Rapat Umum Pemegang Saham (RUPS) merupakan organ                     The General Meeting of Shareholders (GMS) is the highest
Perseroan tertinggi yang mempunyai hak dan kewenangan                organ of the Company, which has rights and authorities not
yang tidak dimiliki oleh Dewan Komisaris dan Direksi dalam           possessed by the Board of Commissioners and the Board of
batasan yang ditentukan dalam ketentuan peraturan                    Directors within the limits specified in the provisions of laws
perundangan dan Anggaran Dasar Perseroan. RUPS                       and regulations and the Company’s Articles of Association.
merupakan media komunikasi antara Dewan Komisaris                    The GMS serves as a medium of communication between
dan Direksi dengan para pemegang saham, melalui                      the Board of Commissioners, the Board of Directors, and
kesempatan tanya jawab yang diberikan kepada seluruh                 the shareholders, through a question-and-answer session
pemegang saham yang hadir pada setiap mata acara                     provided to all shareholders at each GMS agenda item. The


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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




RUPS. Penyelenggaraan RUPS Perseroan dilakukan dengan                 Company’s GMS is held in accordance with the following
mengacu pada ketentuan, sebagai berikut:                              provisions:
1. Undang-Undang No. 40 tahun 2007 tentang Perseroan                  1. Law No. 40 of 2007 on Limited Liability Companies.
   Terbatas.
2. Peraturan Otoritas Jasa Keuangan No. 15/POJK.04/2020               2. Financial Services Authority Regulation No. 15/
   tanggal 20 April 2020 tentang Rencana dan                             POJK.04/2020 dated April 20, 2020, on the Plan and
   Penyelenggaraan Rapat Umum Pemegang Saham                             Implementation of General Meetings of Shareholders of
   Perusahaan Terbuka.                                                   Public Companies.
3. Peraturan Otoritas Jasa Keuangan No. 16/POJK.04/2020               3. Financial Services Authority Regulation No. 16/
   tanggal 20 April 2020 tentang Pelaksanaan Rapat Umum                  POJK.04/2020 dated April 20, 2020, on the
   Pemegang Saham Perusahaan Terbuka secara Elektronik                   Implementation of Electronic General Meetings
   yang kemudian diubah dengan POJK No. 14 Tahun 2025                    of Shareholders of Public Companies which was
   tentang Pelaksanaan Rapat Umum Pemegang Saham,                        subsequently amended by POJK No. 14 of 2025
   Rapat Umum Pemegang Obligasi, dan Rapat Umum                          concerning the Implementation of Electronic General
   Pemegang Sukuk Secara Elektronik.                                     Meetings of Shareholders, General Meetings of
                                                                         Bondholders, and General Meetings of Sukuk Holders.
4. Anggaran Dasar Perseroan.                                          4. The Company’s Articles of Association.

Dalam melaksanakan wewenangnya, RUPS memperhatikan                    In exercising its authority, the GMS considers the interests
kepentingan pengembangan dan kesehatan Perseroan,                     of the Company’s development and health, the interests of
kepentingan para stakeholders serta hak-hak Perseroan.                stakeholders, and the company’s rights.

Jenis RUPS                                                            GMS Types

Dalam Anggaran Dasar, dijelaskan adanya 2 (dua) jenis                 The Articles of Association describe 2 (two) types of GMS
RUPS Perseroan:                                                       of the Company:
1. RUPS Tahunan                                                       1. Annual GMS
   RUPS Tahunan dilaksanakan paling lambat 6 (enam)                       The Annual GMS shall be held no later than 6 (six) months
   bulan setelah berakhirnya tahun buku. Agenda utama                     after the end of the fiscal year. The main agenda consists
   RUPS Tahunan terdiri dari pengajuan Laporan Keuangan                   of the submission of the Financial Statements and Annual
   dan Laporan Tahunan dari Direksi untuk disahkan dan                    Report from the Board of Directors to be ratified and
   disetujui oleh Pemegang Saham, melakukan penunjukan                    approved by the Shareholders, the appointment of a
   Kantor Akuntan Publik untuk tahun berikutnya,                          Public Accounting Firm for the following year, the decision
   memutuskan penggunaan laba, mengangkat atau                            on how to use profits, the appointment or dismissal of
   memberhentikan anggota Direksi atau anggota Dewan                      members of the Board of Directors or members of the
   Komisaris dan memutuskan hal-hal lain yang diperlukan.                 Board of Commissioners, and other necessary matters.
2. RUPS Luar Biasa                                                    2. Extraordinary GMS
   RUPS Luar Biasa dapat diselenggarakan kapan                            An Extraordinary GMS may be held anytime, as the
   saja, sesuai dengan kebutuhan Perseroan. RUPS                          Company requires. An Extraordinary GMS shall be held
   Luar Biasa diselenggarakan atas permintaan Dewan                       at the request of the Board of Commissioners, the Board
   Komisaris, Direksi, ataupun Pemegang Saham dengan                      of Directors, or the Shareholders, with due regard to
   memperhatikan peraturan perundang-undangan serta                       the laws and regulations and the Company’s Articles of
   Anggaran Dasar Perseroan.                                              Association.

Proses Penyelenggaraan RUPS                                           GMS Holding Process

Secara    umum,     proses     penyelenggaraan RUPS                   In general, the process for convening the General Meeting
berdasarkan Peraturan Otoritas Jasa Keuangan (POJK)                   of Shareholders (GMS) is conducted in accordance with the
terkait penyelenggaraan RUPS, serta Anggaran Dasar                    Financial Services Authority (POJK) regulations governing
Perseroan adalah sebagai berikut:                                     the implementation of the GMS, as well as the Company’s
                                                                      Articles of Association, as follows:

Tabel Tahapan Penyelenggaraan RUPS
Table of Stages in GMS Holding Process

                                            Kegiatan                                                   Waktu (Selambat-lambatnya)
                                             Activity                                                      Timeframe (Latest)
 Surat pemberitahuan rencana RUPS ke Otoritas Jasa Keuangan (OJK)                                                 H-44
 Notification of GMS plan to the Financial Services Authority (OJK)                                               D-44
 Pengumuman RUPS                                                                                                  H-37
 GMS Announcement                                                                                                 D-37
 Recording date Pemegang Saham yang berhak hadir dalam RUPS                                                       H-23
 Recording date of Shareholders entitled to attend the GMS                                                        D-23
 Pemanggilan RUPS                                                                                                 H-22
 GMS Summons                                                                                                      D-22



PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                              495
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01                           02                      03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen       Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report       Company Profile          Management Discussion and Analysis       Business Support Functions




Tabel Tahapan Penyelenggaraan RUPS
Table of Stages in GMS Holding Process

                                         Kegiatan                                                     Waktu (Selambat-lambatnya)
                                          Activity                                                        Timeframe (Latest)
 RUPS                                                                                                                H
 GMS                                                                                                                 D
 Ringkasan Risalah Hasil RUPS                                                                                       H+2
 Minutes Summary of GMS Results                                                                                     D+2

 Risalah RUPS                                                                                                      H+30
 GMS Minutes                                                                                                       D+30



Berdasarkan POJK terkait RUPS Perseroan wajib                           Based on the POJK regulations related to the GMS, the
menyampaikan hal-hal sebagai berikut:                                   Company is required to disclose the following matters:
1. Pemberitahuan Mata Acara Rapat kepada OJK paling                     1. Notice of the Meeting Agenda to the OJK no later than
   lambat 5 hari kerja sebelum pengumuman RUPS dengan                      five working days before the GMS announcement, not
   tidak memperhitungkan tanggal pengumuman RUPS;                          including the date of the GMS announcement;
2. Pengumuman RUPS kepada Pemegang Saham paling                         2. GMS announcement to Shareholders no later than 14
   lambat 14 hari sebelum Pemanggilan RUPS, dengan tidak                   days before the GMS Invitation, not counting the date
   memperhitungkan tanggal Pengumuman dan tanggal                          of the Announcement and the date of the Invitation,
   Pemanggilan, melalui situs web Bursa Efek Indonesia                     through the Indonesian Stock Exchange website and the
   dan Otoritas Jasa Keuangan situs web penyedia e-RUPS,                   Financial Services Authority website, the e-GMS provider
   dan situs web Perseroan dalam Bahasa Indonesia dan                      website, and the Company’s website in Indonesian and
   Bahasa Inggris;                                                         English;
3. Pemanggilan kepada Pemegang Saham paling lambat                      3. The GMS shall be convened no later than 21 days before
   21 hari sebelum RUPS dengan tidak memperhitungkan                       the GMS, excluding the date of the GMS and the date
   tanggal Pemanggilan dan tanggal RUPS, melalui situs                     of the GMS, through the Indonesian Stock Exchange
   web Bursa Efek Indonesia dan Otoritas Jasa Keuangan                     website and the Financial Services Authority website,
   situs web penyedia e-RUPS, dan situs web Perseroan                      the e-GMS provider website, and the Company’s website
   dalam Bahasa Indonesia dan Bahasa Inggris;                              in Indonesian and English;
4. Setelah penyelenggaraan RUPS, Perseroan wajib                        4. After the GMS is held, the Company is required to report
   melaporkan hasil RUPS ke OJK selambat-lambatnya                         the GMS results to the OJK no later than two working
   2 hari kerja berupa Ringkasan Risalah Hasil RUPS melalui                days in the form of a GMS Minutes Summary through
   melalui situs web Bursa Efek Indonesia dan Otoritas Jasa                the Indonesia Stock Exchange website and the Financial
   Keuangan situs web penyedia e-RUPS, dan situs web                       Services Authority website, which is the provider of
   Perseroan dalam Bahasa Indonesia dan Bahasa Inggris;                    e-GMS, and the Company’s website in Indonesian and
   dan                                                                     English; and
5. Serta mengirimkan Risalah RUPS ke OJK selambat-                      5. Send the Minutes of the GMS to the OJK no later than 30
   lambatnya 30 hari setelah penyelenggaraan RUPS.                         days after the GMS is held.

Seluruh saham yang diterbitkan memiliki satu hak suara                  All issued shares have one voting right unless otherwise
selama tidak dinyatakan lain oleh Anggaran Dasar Perseroan.             stated in the Company’s Articles of Association.

Dalam RUPS Tahunan, Direksi Perseroan mempresentasikan                  At the Annual GMS, the Company’s Board of Directors
Laporan Tahunan Perseroan mengenai keadaan dan                          presents the Company’s Annual Report on the condition
jalannya Perseroan yang telah dilaksanakan oleh Direksi                 and performance of the Company as carried out by the
selama tahun buku berjalan; usulan penggunaan laba                      Board of Directors during the current fiscal year; proposals
bersih Perseroan; usulan penunjukan dan penetapan                       for the use of the Company’s net profit; proposals for the
Kantor Akuntan Publik (KAP) untuk melakukan audit                       appointment and determination of a Public Accounting Firm
Laporan Keuangan Perseroan dan Laporan Program                          (KAP) to audit the Company’s Financial Statements and the
Pendanaan Usaha Mikro dan Usaha Kecil (PUMK) untuk                      Micro and Small Business Funding Program Report (PUMK)
tahun buku berjalan berdasarkan usulan Dewan Komisaris;                 for the current fiscal year based on the proposal of the
penetapan Tantiem tahun buku berjalan, gaji, honorarium,                Board of Commissioners; the determination of bonuses for
tunjangan dan fasilitas lainnya bagi anggota Direksi dan                the current fiscal year, salaries, honoraria, allowances, and
Dewan Komisaris untuk tahun berikutnya; serta hal-hal lain              other facilities for members of the Board of Directors and
yang memerlukan persetujuan Pemegang Saham dalam                        Board of Commissioners for the following year; and other
RUPS. Sedangkan Dewan Komisaris melaporkan tugas                        matters that require the approval of Shareholders at the
pengawasan terhadap kegiatan pengurusan Perseroan                       GMS. Meanwhile, the Board of Commissioners reports on
yang telah dilakukan Direksi.                                           its supervisory duties over the Company’s management
                                                                        activities that the Board of Directors has carried out.

Sebagai BUMN, Jasa Marga tunduk pada Undang-Undang                      As an SOE, Jasa Marga is subject to Law No. 19 of 2003
No. 19 tahun 2003 tentang Badan Usaha Milik Negara dan                  on State-Owned Enterprises and Law No. 40 of 2007
Undang-Undang No. 40 tahun 2007 tentang Perseroan                       on Limited Liability Companies, which means that, as
Terbatas artinya sebagaimana diatur dalam peraturan                     stipulated in these regulations, the Company is required to


496                                                                         Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 497
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Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




tersebut Perseroan wajib melaporkan kinerjanya kepada                       report its performance to its Shareholders. The Company’s
Pemegang Saham. Laporan kinerja Perseroan dituangkan                        performance report is outlined in the Annual Report and
dalam Laporan Tahunan dan disampaikan kepada Pemegang                       submitted to the Shareholders for approval by the GMS, no
Saham untuk mendapatkan pengesahan RUPS, paling                             later than 5 (five) months after the end of the fiscal year.
lambat 5 (lima) bulan setelah tahun buku berakhir.

Penyelenggaraan RUPS Tahun 2025                                             GMS in 2025

Pada tahun 2025, RUPS diselenggarakan sebagai berikut:                      In 2025, the GMS was held as follows:

Tabel Penyelenggaraan RUPS Jasa Marga
Table of Jasa Marga GMS


         RUPS                      Hari, Tanggal                                                      Tempat
         GMS                        Day, Date                                                         Location
 Tahunan                    Rabu, 7 Mei 2025                    Mengakses fasilitas eASY.KSEI (Electronic General Meeting System KSEI) dalam
 Annual                     Wednesday, May 7, 2025              tautan https://akses.ksei.co.id/ yang disediakan oleh PT Kustodian Sentral Efek
                                                                Indonesia (“KSEI”)
                                                                Accessing the eASY.KSEI (KSEI Electronic General Meeting System) facility at
                                                                https://access.ksei.co.id/ provided by PT Kustodian Sentral Efek Indonesia (KSEI)

 Luar Biasa                 Rabu, 17 Desember 2025              Mengakses fasilitas eASY.KSEI (Electronic General Meeting System KSEI) dalam
 Extraordinary              Wednesday, December 17, 2025        tautan https://akses.ksei.co.id/ yang disediakan oleh PT Kustodian Sentral Efek
                                                                Indonesia (“KSEI”)
                                                                Accessing the eASY.KSEI (KSEI Electronic General Meeting System) facility at
                                                                https://access.ksei.co.id/ provided by PT Kustodian Sentral Efek Indonesia (KSEI)



Penyelenggaraan RUPS tersebut telah melalui proses                          The GMS was held in accordance with the preparation and
persiapan    dan    penyelenggaraan     sesuai   dengan                     implementation process stipulated in Law No. 40 of 2007 on
Undang-Undang No. 40 tahun 2007 tentang Perseroan                           Limited Liability Companies Articles 81, 82, and 83; POJK No.
Terbatas Pasal 81, 82, dan 83; POJK No. 15/POJK.04/2020                     15/POJK.04/2020 on the Plan and Implementation of General
tentang Rencana dan Penyelenggaraan Rapat Umum                              Meetings of Shareholders of Public Companies; POJK No.
Pemegang Saham Perusahaan Terbuka; POJK No. 16/                             16/POJK.04/2020 on the Implementation of Electronic
POJK.04/2020 tentang Pelaksanaan Rapat Umum                                 General Meetings of Shareholders of Public Companies
Pemegang Saham Perusahaan Terbuka secara Elektronik                         which was subsequently amended by OJK Regulation
yang kemudian diubah dengan POJK No. 14 Tahun 2025                          No. 14 of 2025 concerning the Electronic Implementation
tentang Pelaksanaan Rapat Umum Pemegang Saham, Rapat                        of General Meetings of Shareholders, General Meetings of
Umum Pemegang Obligasi, dan Rapat Umum Pemegang                             Bondholders, and General Meetings of Sukukholders and
Sukuk Secara Elektronik serta Anggaran Dasar Perseroan.                     the Company’s Articles of Association.


RUPS Tahunan 2025                                                           Annual GMS in 2025
Pada tahun 2025, penyelenggaraan RUPS Tahunan Tahun                         In 2025, the Annual General Meeting of Shareholders for the
Buku 2024 Perseroan adalah sebagai berikut:                                 2024 Fiscal Year was held as follows:

Hari/tanggal : Rabu, 07 Mei 2025                                            Day/date : Wednesday, May 7, 2025
Waktu        : 14:25 - 15:43 WIB                                            Time     : 2:25 p.m. - 3:43 p.m. WIB
Tempat       : Mengakses fasilitas eASY.KSEI (Electronic                    Location : Access the eASY.KSEI (Electronic General
               General Meeting System KSEI) dalam tautan                               Meeting System KSEI) facility at the link
               https://akses.ksei.co.id/ yang disediakan                               https://akses.ksei.co.id/     provided       by
               oleh PT Kustodian Sentral Efek Indonesia                                PT Kustodian Sentral Efek Indonesia (“KSEI”)
               (“KSEI”)

RUPS Tahunan dilaksanakan secara elektronik sesuai                          Annual GMS was held electronically per Financial Services
Peraturan Otoritas Jasa Keuangan (“POJK”) No. 15/                           Authority Regulation (POJK) No. 15/POJK.04/2020 on
POJK.04/2020 tentang Rencana dan Penyelenggaraan                            the Plan and Implementation of General Meetings of
Rapat Umum Pemegang Saham Perusahaan Terbuka                                Shareholders of Public Companies and POJK No. 16/
("POJK 15/2020") dan POJK No. 16/POJK.04/2020 tentang                       POJK.04/2020 on the Implementation of Electronic General
Pelaksanaan Rapat Umum Pemegang Saham Perusahaan                            Meetings of Shareholders of Public Companies. The Chair of
Terbuka Secara Elektronik ("POJK 16/2020"). Pemimpin                        the Meeting, Notary, and Supporting Professional Institutions
Rapat, Notaris, dan Lembaga Profesi Penunjang telah                         coordinated to conduct the meeting electronically at
berkoordinasi dalam rangka pelaksanaan Rapat secara                         Aryanusa 1 Ballroom, 2nd Floor, Menara Danareksa, Jl. Medan
elektronik di Aryanusa 1 Ballroom, Lantai 2, Menara                         Merdeka Selatan No. 14, Gambir, Central Jakarta, DKI
Danareksa, Jln. Medan Merdeka Selatan No. 14, Gambir,                       Jakarta 10110, Indonesia.
Jakarta Pusat, DKI Jakarta 10110, Indonesia.


PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                                         497
Page 498
01                               02                     03                      04                                       05
Ikhtisar Kinerja Utama           Laporan Manajemen      Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report      Company Profile          Management Discussion and Analysis       Business Support Functions




Pemenuhan Kepatuhan Penyelenggaraan RUPS                                   2025 Annual GMS Implementation Compliance
Tahunan 2025                                                               Fulfillment

Penyelenggaraan RUPS Tahunan (“Rapat”) tersebut telah                      The Annual General Meeting of Shareholders (the “Meeting”)
melalui proses persiapan dan penyelenggaraan sesuai                        was prepared for and conducted in accordance with Articles
dengan Undang Undang No. 40 tahun 2007 tentang                             81, 82 and 83 of Law No. 40 of 2007 concerning Limited
Perseroan Terbatas Pasal 81, 82, dan 83; POJK 15/2020;                     Liability Companies, OJK Regulation No. 15/POJK.04/2020,
POJK 16/2020; serta Anggaran Dasar Perseroan. Proses                       OJK Regulation No. 16/POJK.04/2020, and the Company’s
rencana dan pelaksanaan RUPS Tahunan tersebut telah                        Articles of Association. The process of planning and
tertuang dalam surat Perseroan yang telah disampaikan ke                   implementing the Annual GMS has been outlined in a letter
Otoritas Jasa Keuangan (OJK), publikasi Pemberitahuan,                     from the Company that has been submitted to the Financial
Pemanggilan, Pengumuman Ringkasan Risalah RUPS                             Services Authority (OJK), as well as in the publication of the
masing-masing dalam Bahasa Indonesia dan Bahasa Inggris                    Notification, Summons, and the GMS Minutes Summary in
pada situs web penyedia e-RUPS (https://easy.ksei.co.id);                  Indonesian and English on the e-GMS provider’s website
situs web pelaporan elektronik Bursa Efek Indonesia dan                    (https://easy.ksei.co.id); the electronic reporting website
Otoritas Jasa Keuangan (https://spe.ojk.go.id/idxnet); dan                 of the Indonesia Stock Exchange, the Financial Services
situs web Perseroan (www.jasamarga.com), serta Risalah                     Authority (https://spe.ojk.go.id/idxnet), and the Company’s
RUPS yang telah disampaikan ke OJK dengan detail sebagai                   website (www.jasamarga.com). The GMS Minutes have
berikut:                                                                   been submitted to OJK with the following details:

Tabel Pemenuhan Kepatuhan Penyelenggaraan RUPS Tahunan 2025
Table of 2025 Annual GMS Implementation Compliance Fulfillment

     Tanggal                                                     Kegiatan                                                      Nomor Surat
      Date                                                        Activity                                                    Letter Number
 19/03/25             Pemberitahuan Rencana Penyelenggaraan RUPS Tahunan beserta Mata Acara RUPS Tahunan kepada OJK.            AA.KR.01.290
                      Notification of the Annual GMS Plan and Annual GMS Agenda to OJK.

 27/03/25             Pengumuman RUPS Tahunan kepada Pemegang Saham.                                                            AB.KR.01.74
                      Annual GMS Announcement to Shareholders.




 15/04/25             Pemberitahuan Perubahan Mata Acara RUPS Tahunan kepada OJK.                                               AB.KR.01.83
                      Annual GMS Agenda Changes Notification to OJK.

 15/04/25             Pemanggilan RUPS Tahunan kepada Pemegang Saham.                                                           AB.KR.01.84
                      Annual GMS Summons to Shareholders.




498                                                                             Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 499
06                               07                                      08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




Tabel Pemenuhan Kepatuhan Penyelenggaraan RUPS Tahunan 2025
Table of 2025 Annual GMS Implementation Compliance Fulfillment

    Tanggal                                                         Kegiatan                                                Nomor Surat
     Date                                                            Activity                                              Letter Number
 08/05/25          Ringkasan Risalah Rapat kepada Pemegang Saham.                                                            AB.KR.01.103
                   Meeting Minutes Summary to Shareholders.




 23/05/25          Risalah RUPS Tahunan kepada OJK.                                                                          AB.KR.01.113
                   Annual GMS Minutes to OJK.



Mata Acara Rapat                                                           Meeting Agenda

Mata acara RUPS Tahunan Perseroan beserta penjelasannya                    The agenda items of the Company’s Annual General Meeting
adalah sebagai berikut:                                                    of Shareholders, along with their explanations, are as follows:
1. Persetujuan Laporan Tahunan dan Pengesahan Laporan                      1. Approval of the Annual Report and Ratification of the
   Keuangan      Konsolidasian  Perseroan,   Persetujuan                       Company’s Consolidated Financial Statements, Approval
   Laporan Tugas Pengawasan Dewan Komisaris serta                              of the Supervisory Report of the Board of Commissioners
   Pengesahan Laporan Keuangan Program Pendanaan                               and Ratification of the Financial Statements of the Micro
   Usaha Mikro dan Usaha Kecil (PUMK) Tahun Buku 2024,                         and Small Business Funding Program (PUMK) for the
   sekaligus Pelunasan dan Pembebasan Tanggung Jawab                           2024 Fiscal Year, as well as the Settlement and Full
   Sepenuhnya (volledig acquit et de charge) kepada                            Release of Liability (volledig acquit et de charge) to the
   Direksi atas Tindakan Pengurusan Perseroan dan Dewan                        Board of Directors for the Management of the Company
   Komisaris atas Tindakan Pengawasan Perseroan yang                           and the Board of Commissioners for the Supervision of
   Telah Dijalankan Selama Tahun Buku 2024.                                    the Company that has been carried out during the 2024
                                                                               Fiscal Year.

     Dasar Mata Acara:                                                          Agenda Basis:
     (i) Pasal 12 ayat 2 huruf b.6 dan Pasal 21 ayat 2 huruf                    (i) Article 12 paragraph 2 letter b.6 and Article 21
     a juncto ayat 3 Anggaran Dasar Perseroan; (ii) Pasal                       paragraph 2 letter a in conjunction with paragraph 3
     23 ayat 1 Undang Undang No. 19 tahun 2003 tentang                          of the Company’s Articles of Association; (ii) Article 23
     Badan Usaha Milik Negara sebagaimana telah diubah                          paragraph 1 of Law No. 19 of 2003 on State-Owned
     dengan Undang-Undang No. 1 Tahun 2025 tentang                              Enterprises as amended by Law No. 1 of 2025 on the
     Perubahan Ketiga atas Undang-Undang No. 19 tahun                           Third Amendment to Law No. 19 of 2003 on State-
     2003 tentang Badan Usaha Milik Negara; (iii) Pasal 66,                     Owned Enterprises; (iii) Articles 66, 67, 68, 69 and 78
     67, 68, 69 dan 78 Undang-Undang No. 40 Tahun 2007                          of Law No. 40 of 2007 on Limited Liability Companies
     tentang Perseroan Terbatas sebagaimana telah diubah                        as amended by Law No. 6 of 2023 on the Stipulation
     dengan Undang-Undang No. 6 Tahun 2023 tentang                              of Government Regulation in Lieu of Law No. 2 of
     Penetapan Peraturan Pemerintah Pengganti Undang-                           2022 concerning Job Creation into Law (UUPT); and
     Undang No. 2 Tahun 2022 tentang Cipta Kerja menjadi                        (iv) Article 33 paragraph 3 of the Regulation of the
     Undang-Undang (“UUPT”); dan (iv) Pasal 33 ayat 3                           Minister of State-Owned Enterprises (SOE) No. PER-1/
     Peraturan Menteri Badan Usaha Milik Negara (“BUMN”)                        MBU/03/2023 on Special Assignments and Social and
     No. PER-1/MBU/03/2023 tentang Penugasan Khusus                             Environmental Responsibility Programs of State-Owned
     dan Program Tanggung Jawab Sosial dan Lingkungan                           Enterprises.
     Badan Usaha Milik Negara.

2. Penetapan Penggunaan Laba Bersih Perseroan Tahun                        2. Determination of the Use of the Company’s Net Profit for
   Buku 2024.                                                                 the 2024 Fiscal Year.
   Dasar Mata Acara:                                                          Agenda Basis:
   (i) Pasal 21 ayat 2 huruf b juncto Pasal 26 ayat 2 Anggaran                (i) Article 21 paragraph 2 letter b in conjunction with Article
   Dasar Perseroan; dan (ii) Pasal 70 dan 71 ayat 1 UUPT.                     26 paragraph 2 of the Company’s Articles of Association;
                                                                              and (ii) Articles 70 and 71 paragraph 1 of the UUPT.


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01                           02                     03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen      Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report      Company Profile          Management Discussion and Analysis       Business Support Functions




3. Penetapan Akuntan Publik dan/atau Kantor Akuntan                    3. Determination of Public Accountants and/or Public
   Publik untuk Mengaudit Laporan Keuangan Konsolidasian                  Accounting Firms to Audit the Company’s Consolidated
   Perseroan dan Laporan Keuangan Program Pendanaan                       Financial Statements and Financial Statements of the
   Usaha Mikro dan Usaha Kecil (PUMK) untuk Tahun Buku                    Micro and Small Business Funding Program (PUMK) for
   2025.                                                                  the 2025 Fiscal Year.

     Dasar Mata Acara:                                                    Agenda Basis:
     (i) Pasal 21 ayat 2 huruf c juncto Pasal 15 ayat 2 huruf             (i) Article 21 paragraph 2 letter c in conjunction with
     b.5 Anggaran Dasar Perseroan; (ii) Pasal 59 ayat 1 POJK              Article 15 paragraph 2 letter b.5 of the Articles of
     15/2020; (iii) Pasal 68 ayat 1 UUPT; dan (iv) Pasal 32 ayat          Association; (ii) Article 59 paragraph 1 of POJK 15/2020;
     1 Peraturan Menteri BUMN No. PER-02/MBU/03/2023                      (iii) Article 68 paragraph 1 of the UUPT; and (iv) Article
     tentang Pedoman Tata Kelola Dan Kegiatan Korporasi                   32 paragraph 1 of the Minister of SOE Regulation No.
     Signifikan Badan Usaha Milik Negara.                                 PER-02/MBU/03/2023 on Guidelines for Corporate
                                                                          Governance and Significant Corporate Activities of
                                                                          State-Owned Enterprises.

4. Penetapan Gaji/Honorarium berikut Fasilitas dan                     4. Determination of Salaries/Honoraria and Facilities
   Tunjangan untuk Direksi dan Dewan Komisaris Perseroan                  and Allowances for the Board of Directors and Board
   Tahun Buku 2025, serta Tantiem/Insentif Kinerja/Insentif               of Commissioners for the 2025 Fiscal Year, as well as
   Khusus untuk Direksi dan Dewan Komisaris Perseroan                     Bonuses/Performance Incentives/Special Incentives for
   atas Kinerja Tahun Buku 2024.                                          the Board of Directors and Board of Commissioners for
                                                                          their Performance in the 2024 Fiscal Year.

     Dasar Mata Acara:                                                    Agenda Basis:
     (i) Pasal 11 ayat 19, Pasal 14 ayat 30, dan Pasal 26                 (i) Article 11 paragraph 19, Article 14 paragraph 30, and
     ayat 5 Anggaran Dasar Perseroan, (ii) Pasal 96 dan 113               Article 26 paragraph 5 of the Articles of Association,
     UUPT; dan (iii) Pasal 76 ayat 1 Peraturan Menteri BUMN               (ii) Articles 96 and 113 of the UUPT; and (iii) Article
     No. PER-03/MBU/03/2023 tentang Organ Dan Sumber                      76 paragraph 1 of the Minister of SOE Regulation
     Daya Manusia Badan Usaha Milik Negara (“Permen                       No. PER-03/MBU/03/2023 on Organization and Human
     BUMN 3/2023”).                                                       Resources of State-Owned Enterprises (Permen BUMN
                                                                          3/2023).

5. Laporan Realisasi Penggunaan Dana Hasil Penawaran                   5. Report on the Realization of the Use of Proceeds from
   Umum Melalui Penawaran Obligasi Berkelanjutan III Jasa                 the Public Offering through the Third Continuous Bond
   Marga Tahap I Tahun 2024.                                              Offering of Jasa Marga Phase I in 2024.

     Dasar Mata Acara:                                                    Agenda Basis:
     Pasal 6 ayat (1) dan (2) POJK No. 30/POJK.04/2015                    Article 6 paragraphs (1) and (2) of POJK No. 30/
     tentang Laporan Realisasi Penggunaan Dana Hasil                      POJK.04/2015 on Report on the Realization of the Use
     Penawaran Umum. Mata Acara ini bersifat pelaporan.                   of Proceeds from Public Offerings. This agenda item is
                                                                          for reporting purposes.

6. Persetujuan Perubahan Susunan Pengurus Perseroan.                   6. Approval of Changes to the Composition of the
                                                                          Company’s Management.

     Dasar Mata Acara:                                                    Agenda Basis:
     (i) Pasal 11 ayat 10 dan Pasal 14 ayat 12 Anggaran Dasar             (i) Article 11, paragraph 10, and Article 14, paragraph
     Perseroan; (ii) POJK No. 33/POJK.04/2014 tentang                     12 of the Articles of Association; (ii) POJK No. 33/
     Direksi dan Dewan Komisaris Emiten atau Perusahaan                   POJK.04/2014 on the Board of Directors and Board of
     Publik; dan (iii) Permen BUMN 3/2023.                                Commissioners of Issuers or Public Companies; and (iii)
                                                                          Permen BUMN 3/2023.

Mata Acara Rapat dipublikasikan dalam Pemanggilan. Dalam               The Meeting Agenda is published in the Summons. In
Pemanggilan Rapat, selain dipublikasikan Mata Acara Rapat,             addition to publishing the Meeting Agenda, the Summons
juga disebutkan informasi terkait penyelenggaraan Rapat di             contains information related to the conduct of the Meeting,
antaranya sebagai berikut:                                             including the following:
1. Perseroan tidak mengirimkan undangan tersendiri                     1. The Company does not send separate invitations to
    kepada Pemegang Saham karena Pemanggilan ini sudah                     Shareholders because the Summons is already an
    merupakan undangan resmi.                                              official invitation.
2. Pemegang Saham yang berhak menghadiri dan diwakili                  2. Shareholders who are entitled to attend and be
    dalam Rapat secara elektronik adalah para Pemegang                     represented at the Meeting electronically are
    Saham yang namanya tercatat dalam Daftar Pemegang                      those whose names are recorded in the Company’s
    Saham Perseroan pada hari Senin, 14 April 2025, pukul                  Shareholder Register on Monday, April 14, 2025, at
    16:15 WIB, atau pemilik saldo rekening efek di Penitipan               16:15 WIB, or owners of securities account balances in



500                                                                        Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 501
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




   Kolektif KSEI pada penutupan perdagangan saham pada                   the KSEI Collective Custody at the close of trading on
   hari Senin, 14 April 2025.                                            Monday, April 14, 2025.
3. Perseroan menghimbau Pemegang Saham untuk                          3. The Company urges Shareholders to register their
   melakukan registrasi kehadiran secara elektronik melalui              attendance electronically through the eASY.KSEI
   fasilitas eASY.KSEI atau memberikan kuasa kepada Biro                 facility or to grant power of attorney to the Company’s
   Administasi Efek (“BAE”) Perseroan yaitu PT Datindo                   Securities Administration Bureau (BAE), PT Datindo
   Entrycom melalui fasilitas eASY.KSEI dengan prosedur                  Entrycom, through the eASY.KSEI facility with the
   sebagai berikut:                                                      following procedure:
   a. Pemegang Saham harus terlebih dahulu terdaftar                     a. Shareholders must first be registered in the KSEI
       dalam fasilitas Acuan Kepemilikan Sekuritas KSEI                       Securities Ownership Reference facility (AKSes
       (“AKSes KSEI”) pada tautan https://akses.ksei.co.id                    KSEI) at the https://akses.ksei.co.id link provided by
       yang disediakan oleh KSEI.                                             KSEI.
   b. Bagi Pemegang Saham yang telah terdaftar, kuasa                    b. For registered Shareholders, the power of attorney
       dapat diberikan dalam eASY.KSEI melalui situs web                      can be granted in eASY.KSEI through the website
       https://easy.ksei.co.id.                                               https://easy.ksei.co.id.
   c. Dalam hal Pemegang Saham tidak dapat mengakses                     c. If Shareholders are unable to access eASY.KSEI,
       eASY.KSEI, Pemegang Saham dapat mengunduh                              they may download the Power of Attorney form from
       Surat Kuasa yang terdapat dalam situs web                              the Company’s website, www.jasamarga.com, to
       Perseroan www.jasamarga.com untuk memberikan                           grant power of attorney and cast their votes at the
       kuasa dan suaranya dalam Rapat.                                        Meeting.
   d. Pemegang Saham dapat mendeklarasikan kuasa dan                     d. Shareholders may declare their proxy and vote,
       suaranya, mengubah penunjukan Penerima Kuasa                           change the appointment of Proxy and/or voting
       dan/atau pilihan suara untuk Mata Acara Rapat,                         choice for Meeting Agenda Items, or revoke their
       maupun mencabut kuasa, sejak tanggal Pemanggilan                       proxy, from the date of the Meeting Invitation until
       Rapat hingga selambat-lambatnya 1 (satu) hari kerja                    no later than 1 (one) business day before the date of
       sebelum tanggal penyelenggaraan Rapat pada pukul                       the Meeting at 12:00 p.m. WIB.
       12:00 WIB.
4. Proses registrasi bagi Pemegang Saham yang akan hadir              4. The registration process for Shareholders who will
   secara elektronik dalam Rapat melalui eASY.KSEI agar                  attend the Meeting electronically through eASY.KSEI
   memperhatikan hal-hal sebagai berikut:                                must pay attention to the following matters:
   a. Pemegang Saham tersebut di bawah ini harus                         a. The following Shareholders must register their
       melakukan registrasi kehadiran secara elektronik                      attendance electronically in eASY.KSEI on the date
       dalam eASY.KSEI pada tanggal pelaksanaan Rapat                        of the Meeting from 10:00 a.m. to 1:30 p.m. WIB:
       dari pukul 10:00 WIB s.d. 13:30 WIB:
       i. Pemegang Saham tipe individu lokal yang belum                         i.    Local individual shareholders who have not
            memberikan deklarasi kehadiran atau kuasa                                 submitted a declaration of attendance or proxy
            dalam eASY.KSEI hingga batas waktu yang                                   in eASY.KSEI by the specified deadline and wish
            ditentukan dan ingin menghadiri Rapat secara                              to attend the Meeting electronically.
            elektronik.
       ii. Pemegang Saham tipe individu lokal yang telah                        ii.  Local individual shareholders who have
            memberikan deklarasi kehadiran, tetapi belum                             submitted their attendance declaration but
            menetapkan pilihan suara minimal untuk 1 (satu)                          have not set a minimum voting option for 1
            Mata Acara Rapat dalam eASY.KSEI hingga batas                            (one) Meeting Agenda Item in eASY.KSEI by
            waktu yang ditentukan dan ingin menghadiri                               the specified deadline and wish to attend the
            Rapat secara elektronik.                                                 Meeting electronically.
       iii. Penerima Kuasa dari Pemegang Saham yang                             iii. Proxies of Shareholders who have granted power
            telah memberikan kuasa kepada independent                                of attorney to an independent or individual
            representative atau individual representative,                           representative, but have not yet set a minimum
            tetapi belum menetapkan pilihan suara minimal                            voting option for 1 (one) Meeting Agenda Item in
            untuk 1 (satu) Mata Acara Rapat dalam                                    eASY.KSEI by the specified deadline.
            eASY.KSEI hingga batas waktu yang ditentukan.
       iv. Penerima Kuasa dari Pemegang Saham yang                            iv. Proxy Holders of Shareholders who have granted
            telah memberikan kuasa kepada partisipan/                              power of attorney to participants/intermediaries
            intermediary (bank kustodian atau perusahaan                           (custodian banks or securities companies)
            efek) dan telah menetapkan pilihan suara dalam                         and have determined their voting choices in
            eASY.KSEI hingga batas waktu yang ditentukan.                          eASY.KSEI by the specified deadline.
   b. Pemegang Saham yang telah memberikan deklarasi                       b. Shareholders who have submitted a declaration of
       kehadiran atau kuasa kepada independent                                attendance or power of attorney to an independent
       representative atau individual representative dan                      or individual representative and have set their voting
       telah menetapkan pilihan suara untuk Mata Acara                        choice for the Meeting Agenda in eASY.KSEI by the
       Rapat dalam eASY.KSEI hingga batas waktu yang                          specified deadline, the person concerned/their Proxy
       ditentukan, maka yang bersangkutan/Penerima                            Holder does not need to register their attendance
       Kuasanya tidak perlu melakukan registrasi kehadiran                    electronically in eASY.KSEI.
       secara elektronik dalam eASY.KSEI.



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01                                  02                          03                        04                                            05
Ikhtisar Kinerja Utama              Laporan Manajemen           Profil Perusahaan          Analisa dan Pembahasan Manajemen              Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report           Company Profile            Management Discussion and Analysis            Business Support Functions




     c. Keterlambatan atau kegagalan dalam proses                                       c. Any delay or failure in the electronic registration
         registrasi secara elektronik dengan alasan apapun                                 process for any reason will result in the Shareholder
         akan mengakibatkan Pemegang Saham atau                                            or their Proxy being unable to attend the Meeting
         Penerima Kuasanya tidak dapat menghadiri Rapat                                    electronically, and their share ownership will not be
         secara elektronik, serta kepemilikan sahamnya tidak                               counted towards the attendance quorum.
         diperhitungkan sebagai kuorum kehadiran.
5.   Panduan       pendaftaran,     registrasi,  penggunaan                        5. Guidelines for registration, use, and further explanations
     dan       penjelasan      lebih      lanjut    mengenai                          regarding eASY.KSEI and AKSes KSEI can be found
     eASY.KSEI dan AKSes KSEI dapat dilihat di situs                                  on the KSEI website at https://akses.ksei.co.id and
     web KSEI dengan tautan https://akses.ksei.co.id dan                              https://easy.ksei.co.id, as well as the Meeting Rules on
     https://easy.ksei.co.id, serta Tata Tertib Rapat di situs                        the Company’s website at www.jasamarga.com.
     web Perseroan www.jasamarga.com.
6.   Notaris dibantu dengan BAE Perseroan, akan melakukan                          6. The notary, assisted by the Company’s BAE, will check
     pengecekan dan perhitungan suara dalam pengambilan                               and count the votes in the Meeting’s decision-making
     keputusan Rapat atas Mata Acara Rapat, termasuk                                  process on the Meeting Agenda, including those based
     yang berdasarkan suara yang telah disampaikan oleh                               on votes submitted by Shareholders either through the
     Pemegang Saham baik melalui fasilitas eASY.KSEI,                                 eASY.KSEI facility or submitted at the Meeting.
     maupun yang disampaikan dalam Rapat.
7.   Bahan-bahan yang akan dibicarakan dalam Rapat telah                           7. As of the date of the Summons, the materials to be
     tersedia dan dapat diperoleh di situs web Perseroan                              discussed at the Meeting are available and can be obtained
     www.jasamarga.com sejak tanggal Pemanggilan.                                     on the Company’s website, www.jasamarga.com.
8.   Perseroan tidak menyediakan makanan dan minuman,                              8. The Company does not provide food and beverages,
     dan cindera mata/tanda terima kasih.                                             souvenirs, or tokens of appreciation.
9.   Perseroan dapat mengumumkan kembali apabila                                   9. The Company may make further announcements if there
     terdapat perubahan dan/atau penambahan informasi                                 are changes and/or additions to information related to
     terkait tata cara penyelenggaraan Rapat dengan                                   the procedures for holding the Meeting regarding the
     mengacu pada ketentuan peraturan dan perundang-                                  provisions of applicable laws and regulations.
     undangan yang berlaku.

Kehadiran Dewan Komisaris dan Direksi                                              Board of Commissioners and Board of Directors
                                                                                   Attendance

Rapat dihadiri oleh seluruh Direksi dan Dewan Komisaris                            All members of the company’s Board of Directors and Board of
Perseroan secara luring dan daring.                                                Commissioners attended the meeting, both offline and online.




                              Hadir secara luring                                                               Hadir secara daring
                              Offline attendance                                                                Online attendance

 Direksi                                                                            Direksi
 Board of Directors                                                                 Board of Directors
                             Direktur Utama                                                                  Direktur Operasi
 Subakti Syukur                                                                     Fitri Wiyanti
                             President Director                                                              Director of Operations
                             Direktur Keuangan dan Manajemen Risiko                                          Direktur Pengembangan Usaha
 Pramitha Wulanjani                                                                 M. Agus Setiawan
                             Director of Finance and Risk Management                                         Director of Business Development

 Dewan Komisaris                                                                                             Direktur Bisnis
                                                                                    Reza Febriano
 Board of Commissioners                                                                                      Director of Business

                             Komisaris                                                                       Direktur Human Capital dan Transformasi
 M. Roskanedi                                                                       Bagus Cahya Arinta B.
                             Commissioner                                                                    Director of Human Capital and Transformation

                             Komisaris Independen                                   Dewan Komisaris
 Chandra Wijaya
                             Independent Commissioner                               Board of Commissioners
                                                                                    Mohammad Zainal          Komisaris Utama
                                                                                    Fatah                    President Commissioner
                                                                                                             Komisaris Independen
                                                                                    Marsetio
                                                                                                             Independent Commissioner
                                                                                                             Komisaris Independen
                                                                                    Abdul Rachman
                                                                                                             Independent Commissioner
                                                                                                             Komisaris Independen
                                                                                    Seppalga Ahmad
                                                                                                             Independent Commissioner
                                                                                                             Komisaris
                                                                                    Raja Erizman
                                                                                                             Commissioner




502                                                                                      Laporan Tahunan 2025 Annual Report         PT Jasa Marga (Persero) Tbk
Page 503
06                                07                                   08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan     Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility      Reference of POJK, SEOJK, and ARA Criteria




Penyelenggaraan RUPS Tahunan didukung oleh pihak                         The Annual GMS was supported by independent
independen dalam hal ini Konsultan Hukum, Notaris, dan                   parties: Legal Consultants, Notaries, and the Securities
Biro Administrasi Efek (BAE). Selain itu, Kantor Akuntan                 Administration Agency (BAE). In addition, the Public
Publik yang mengaudit Laporan Keuangan Perseroan dan                     Accounting Firm that audited the Financial Statements of
Anak Perusahaan serta Laporan Program Pendanaan Usaha                    the Company and its Subsidiaries as well as the Micro and
Mikro dan Usaha Kecil (PUMK) tahun buku 2024 juga hadir                  Small Business Funding Program (PUMK) Report for the
dalam RUPS Tahunan tersebut.                                             2024 fiscal year was present at the Annual GMS.

Pemimpin Rapat                                                           Chair of the Meeting

Berdasarkan Pasal 24 ayat 1 huruf a Anggaran Dasar                       Based on Article 24 paragraph 1 letter a of the Company’s
Perseroan juncto Pasal 37 ayat (1) POJK 15/2020, Rapat                   Articles of Association in conjunction with Article 37 paragraph
dipimpin oleh salah seorang anggota Dewan Komisaris yang                 (1) of POJK 15/2020, the Meeting shall be chaired by one of
ditunjuk oleh Dewan Komisaris sebagai Pemimpin Rapat.                    the members of the Board of Commissioners appointed by
                                                                         the Board of Commissioners as the Chair of the Meeting.

Pemimpin Rapat bertanggung jawab atas kelancaran                         The Chair of the Meeting is responsible for the smooth
jalannya Rapat dan berhak memutuskan prosedur Rapat                      running of the Meeting and has the right to decide on Meeting
yang belum diatur atau belum cukup diatur dalam tata tertib              procedures that are not regulated or are insufficiently
ini.                                                                     regulated in these rules of procedure.

Tata Tertib                                                              Meeting Rules

Tata Tertib Rapat tersedia di situs web Perseroan sejak                  The Meeting Rules are available on the Company’s website
tanggal Pemanggilan.                                                     from the date of the Summons.

Selain itu, untuk memenuhi ketentuan Pasal 39 ayat (2) dan               In addition, to comply with the provisions of Article 39
(3) POJK 15/2020, pokok-pokok Tata Tertib, yaitu Tanya                   paragraphs (2) and (3) of POJK 15/2020, the main points of
Jawab dan Pemungutan Suara, dibacakan pada saat Rapat.                   the Rules, i.e., Questions and Answers and Voting, are read
                                                                         out at the Meeting.

Ketentuan Kuorum dan Kehadiran Pemegang                                  Quorum and Shareholder Attendance
Saham                                                                    Requirements

Tabel Ketentuan Kuorum
Table of     uorum Requirements


 Mata Acara                                                           Ketentuan Korum
  Agenda                                                             Quorum Requirement
                   Rapat adalah sah dan berhak mengambil keputusan yang sah dan mengikat, apabila Rapat dihadiri/diwakili oleh Pemegang
                   Saham yang mewakili lebih dari ½ (satu per dua) bagian dari jumlah seluruh saham dengan hak suara yang sah yang telah
       1,3         dikeluarkan Perseroan.
                   The Meeting shall be valid and entitled to make valid and binding resolutions if the Meeting is attended/represented by
                   Shareholders representing more than half of the total number of shares with valid voting rights issued by the Company.

                   Rapat adalah sah dan berhak mengambil keputusan yang sah dan mengikat, apabila Rapat dihadiri/diwakili oleh Pemegang
                   Saham Seri A Dwiwarna dan Pemegang Saham lainnya yang bersama-sama mewakili lebih dari ½ (satu per dua) bagian
                   dari jumlah seluruh saham dengan hak suara yang sah yang telah dikeluarkan Perseroan.
      2,4,6
                   The Meeting is valid and entitled to make valid and binding resolutions if the Meeting is attended/represented by Series
                   A Dwiwarna Shareholders and other Shareholders who represent more than half of the total number of shares with valid
                   voting rights issued by the Company.

                   Dikarenakan sifatnya merupakan pelaporan, maka tidak dilakukan pengambilan keputusan atas Mata Acara Rapat ini.
        5
                   Due to its reporting nature, no resolutions were made to the agenda items of this Meeting.



Rapat dihadiri oleh para Pemegang Saham Perseroan                        The      Company’s       Shareholders   and/or     Proxies/
dan/atau Kuasa/Wakil Pemegang Saham yang seluruhnya                      Representatives of Shareholders attended the Meeting,
mewakili 6.244.394.423 saham termasuk di dalamnya                        representing a total of 6,244,394,423 shares, including
Saham Seri A Dwiwarna atau merupakan 86,036% suara                       Series A Dwiwarna Shares, or 86.036% of the total number
dari jumlah seluruh saham dengan hak suara yang sah yang                 of valid voting shares issued by the Company as of the date
dikeluarkan Perseroan sampai dengan hari Rapat, yaitu                    of the Meeting, namely 7,257,871,200 shares consisting of:
sejumlah 7.257.871.200 saham yang terdiri dari:
• 1 (satu) Saham Seri A Dwiwarna; dan                                    •    1 (one) Series A Dwiwarna Share; and
• 7.257.871.199 Saham Seri B.                                            •    7,257,871,199 Series B Shares.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                    503
Page 504
01                              02                  03                      04                                       05
Ikhtisar Kinerja Utama          Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Dengan memperhatikan Daftar Pemegang Saham Perseroan                   Considering the Company’s Shareholder Register per April 14,
per tanggal 14 April 2025 pukul 16:15 WIB, karenanya                   2025, at 16:15 WIB, therefore the provisions regarding the
ketentuan mengenai kuorum kehadiran dalam Rapat                        quorum for attendance at the Meeting as stipulated in the
sebagaimana diatur dalam Anggaran Dasar Perseroan                      Company’s Articles of Association and Law No. 40 of 2007
dan Undang-Undang No. 40 tahun 2007 tentang                            on Limited Liability Companies as last amended by Law No.
Perseroan Terbatas sebagaimana terakhir diubah dengan                  6 of 2023 on the Stipulation of Government Regulation in
UU No. 6 Tahun 2023 tentang Penetapan Peraturan                        Lieu of Law No. 2 of 2022 on Job Creation into Law and
Pemerintah Pengganti Undang-Undang No. 2 Tahun                         Regulations in the Capital Market sector, have been fulfilled.
2022 tentang Cipta Kerja menjadi Undang-Undang serta
Peraturan di bidang Pasar Modal, telah terpenuhi.

Tabel Jumlah Saham yang Hadir pada RUPS Tahunan 2025 Jasa Marga
Table of Total Shares Attending the 2025 Jasa Marga Annual GMS

                             Jumlah Saham                                                      Persentase (%)
                              Total Shares                                                     Percentage (%)
                             6.244.394.423                                                           86,036%


Dengan demikian ketentuan mengenai kuorum kehadiran                    Thus, the provisions regarding the quorum for attendance
dalam Rapat sebagaimana diatur dalam Anggaran Dasar                    at the Meeting as stipulated in the Company’s Articles of
Perseroan dan Undang-Undang No. 40 tahun 2007 tentang                  Association and Law No. 40 of 2007 on Limited Liability
Perseroan Terbatas serta Peraturan di bidang Pasar                     Companies and Regulations in the Capital Market have been
Modal, telah terpenuhi, dan Rapat adalah sah dan dapat                 fulfilled, and the Meeting is valid and can make resolutions
mengambil keputusan keputusan yang sah dan mengikat                    that are valid and binding on the Company’s Shareholders
para Pemegang Saham Perseroan untuk Mata Acara Rapat.                  for the Meeting Agenda.

Perhitungan jumlah Pemegang Saham yang hadir atau                      The number of Shareholders present or represented at the
terwakili di dalam Rapat oleh Notaris hanya dilakukan                  Meeting by the Notary is only calculated once, i.e., before
1 (satu) kali, yaitu sebelum Pemimpin Rapat membuka Rapat.             the Chair of the Meeting opens the Meeting.

Tanya Jawab                                                            Q&A Session

Sebelum pengambilan keputusan, Pemimpin Rapat                          Before making a resolution, the Chair of the Meeting gives
memberikan kesempatan kepada paling banyak 3 (tiga)                    up to 3 (three) questioners the opportunity to ask questions
penanya untuk mengajukan pertanyaan atau pendapatnya                   or express their opinions on matters related to the agenda
pada hal yang berkaitan dengan Mata Acara Rapat yang                   items being discussed.
sedang dibicarakan.

Penanya yang hadir secara elektronik dapat menyampaikan                Questioners attending electronically may submit questions
pertanyaan dan/atau pendapat melalui fitur chat eASY. KSEI             and/or opinions via the eASY.KSEI chat feature in the
pada kolom “Electronic Options” yang tersedia dalam layar              “Electronic Options” column on the e-Meeting Hall screen.
e-Meeting Hall. Setiap penanya diharuskan menuliskan                   Each questioner is required to write down the Shareholder’s
nama Pemegang Saham, jumlah saham yang dimiliki, serta                 name, the number of shares owned, and their questions
pertanyaan dan/atau pendapatnya. Pertanyaan atau pendapat              and/or opinions. Questions or opinions are read aloud and
dibacakan dan dijawab atau ditanggapi oleh Pemimpin Rapat              answered or responded to by the Chair or a party appointed
atau pihak yang ditunjuk oleh Pemimpin Rapat.                          by the Chair.

Keputusan Rapat dan Pemungutan Suara                                   Meeting Resolution and Voting

Keputusan diambil secara musyawarah untuk mufakat,                     Resolutions are made by consensus, but if any Shareholder
namun apabila Pemegang Saham atau Kuasa Pemegang                       or Proxy Holder disagrees or abstains from voting, the
Saham ada yang tidak menyetujui atau memberikan suara                  decision is made by electronic voting through eASY.KSEI
abstain, maka keputusan diambil dengan cara pemungutan                 (e-Voting).
suara secara elektronik melalui eASY.KSEI (e-Voting).

Dengan menerapkan voting secara elektronik tersebut                    By implementing electronic voting through eASY.KSEI,
melalui eASY.KSEI, para Pemegang Saham yang tidak hadir                absent Shareholders can still vote in the GMS (electronic
dapat tetap melakukan voting dalam RUPS (electronic                    voting in absentia). Each holder of 1 (one) share is entitled
voting in absentia). Tiap pemegang 1 (satu) saham berhak               to 1 (one) vote.
mengeluarkan 1 (satu) suara.

Pemungutan suara dilakukan secara elektronik dan                       Voting is conducted electronically and takes place on
berlangsung di eASY.KSEI (e-Voting) pada menu                          eASY.KSEI (e-Voting) of the e-MeetingHall menu, under the
e-MeetingHall, sub menu Live Broadcasting.                             Live Broadcasting sub-menu.



504                                                                         Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 505
06                               07                                    08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




Pemegang Saham yang hadir atau memberikan kuasa                          Shareholders who are present or have granted an electronic
secara elektronik dalam Rapat melalui eASY.KSEI, namun                   proxy in the Meeting through eASY.KSEI, but have not yet
belum menetapkan pilihan suara, memiliki kesempatan                      cast their votes, can vote during the voting period through
untuk menyampaikan pilihan suaranya selama masa                          the e-Meeting Hall screen on eASY.KSEI. If a Shareholder
pemungutan suara dibuka melalui layar e-Meeting Hall di                  does not vote for an Agenda Item by the specified deadline,
eASY.KSEI. Apabila Pemegang Saham tidak memberikan                       the Shareholder is considered to have abstained. Abstaining
pilihan suara untuk Mata Acara Rapat hingga batas waktu                  votes are considered the same as the majority vote of the
yang ditentukan, maka Pemegang Saham dianggap abstain.                   Shareholders and Proxies of the Shareholders who vote.
Suara abstain dianggap mengeluarkan suara yang sama
dengan suara mayoritas Pemegang Saham dan Kuasa Para
Pemegang Saham yang mengeluarkan suara.

Sesuai Pasal 48 POJK 15/2020 dan Pasal 25 ayat (11)                      Per Article 48 of POJK 15/2020 and Article 25 paragraph
Anggaran Dasar Perseroan, suara yang dikeluarkan oleh                    (11) of the Company’s Articles of Association, votes cast
Pemegang Saham berlaku untuk seluruh saham yang                          by Shareholders apply to all shares they own. Therefore, a
dimilikinya. Untuk itu, Pemegang Saham tidak berhak                      Shareholder cannot grant a proxy to more than one proxy for
memberikan kuasa kepada lebih dari seorang kuasa untuk                   a portion of their shares with different votes. This provision
sebagian dari jumlah saham yang dimilikinya dengan suara                 does not apply to custodian banks or securities companies
yang berbeda. Ketentuan tersebut tidak berlaku bagi bank                 representing Shareholders in mutual funds.
kustodian atau perusahaan efek yang mewakili Pemegang
Saham dalam dana bersama (mutual fund).

Tabel Ketentuan Kuorum Keputusan Rapat
Table of Meeting Resolution     uorum Requirements


 Mata Acara                                                          Ketentuan Korum
  Agenda                                                            Quorum Requirements
                   Keputusan diambil berdasarkan pemungutan suara yang disetujui oleh Pemegang Saham yang mewakili lebih dari ½ (satu
                   per dua) bagian dari jumlah seluruh saham dengan hak suara yang sah yang hadir dalam Rapat.
       1,3
                   The resolution was based on a vote approved by Shareholders representing more than half of the total shares with valid
                   voting rights present at the Meeting.

                   Keputusan diambil berdasarkan pemungutan suara yang disetujui oleh Pemegang Saham Seri A Dwiwarna dan Pemegang
                   Saham lainnya yang bersama-sama mewakili lebih dari ½ (satu per dua) bagian dari jumlah seluruh saham dengan hak
      2,4,6        suara yang sah yang hadir dalam Rapat.
                   The resolution was based on a vote approved by Series A Dwiwarna Shareholders and other Shareholders who represented
                   more than half of the total number of shares with valid voting rights present at the Meeting.

                   Dikarenakan sifatnya adalah pelaporan, maka tidak diperlukan suatu keputusan untuk Mata Acara Rapat ini.
        5
                   Due to its reporting nature, no resolutions were required for the agenda items of this Meeting.



Setelah pemungutan suara, Notaris membacakan hasil                       After the vote, the Notary read the vote results for each
pemungutan suara setiap Mata Acara Rapat.                                agenda item.

Penayangan Siaran Langsung Pelaksanaan Rapat                             Live Broadcast of Meeting Proceedings

Pemegang Saham yang telah terdaftar di eASY.KSEI                         Shareholders who are registered with eASY.KSEI can
paling lambat hingga batas waktu yang ditentukan dapat                   watch the Meeting via Zoom Webinar by accessing the
menyaksikan jalannya Rapat melalui Webinar Zoom dengan                   eASY.KSEI menu, GMS Broadcast sub-menu on the KSEI
mengakses menu eASY.KSEI, sub menu Tayangan RUPS                         AKSes facility with a capacity of up to 500 (five hundred)
yang berada pada fasilitas AKSes KSEI dengan kapasitas                   participants, determined based on the first-come, first-
hingga 500 (lima ratus) peserta yang ditentukan berdasarkan              served mechanism.
mekanisme first come first served.

Pemegang Saham yang tidak mendapatkan kesempatan                         Shareholders who do not have the opportunity to watch the
menyaksikan Rapat melalui tayangan RUPS dianggap sah                     Meeting through the GMS broadcast are considered validly
hadir secara elektronik, serta kepemilikan saham dan pilihan             present electronically, and their share ownership and voting
suaranya diperhitungkan dalam Rapat, sepanjang telah                     rights are taken into account in the Meeting, as long as they
mendeklarasikan kehadirannya dalam eASY.KSEI.                            have declared their presence in eASY.KSEI.

Hasil Voting, Keputusan, dan Tindak Lanjut Keputusan                     Voting Results, Resolutions, and Follow-up Actions
RUPS Tahunan                                                             from the Annual GMS

Rapat Perseroan dibuka pada pukul 14:39 WIB dan ditutup                  The Company Meeting commenced at 14:39 WIB and
pada pukul 16:09 WIB. Perseroan telah menunjuk Notaris                   concluded at 16:09 WIB. The Company has appointed
sebagai pihak independen untuk melakukan validasi suara                  a Notary as an independent party to validate the votes


PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                  505
Page 506
01                               02                        03                      04                                        05
Ikhtisar Kinerja Utama           Laporan Manajemen         Profil Perusahaan        Analisa dan Pembahasan Manajemen          Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report         Company Profile          Management Discussion and Analysis        Business Support Functions




dan menyusun minuta akta Rapat. Dalam Rapat tersebut                          and prepare the Meeting minutes. During the Meeting,
telah diambil keputusan yaitu sebagaimana dituangkan                          resolutions were made as outlined in Meeting Minutes
dalam Akta Berita Acara Rapat No. 11 tanggal 07 Mei 2025,                     No. 11 dated May 7, 2025, prepared by Ir. Nanette Cahyanie
dibuat oleh Ir. Nanette Cahyanie Handari Adi Warsito, SH.                     Handari Adi Warsito, S.H. The main points of the resolutions
yang pada pokoknya adalah sebagai berikut:                                    are as follows:


                             Persetujuan Laporan Tahunan dan Pengesahan Laporan Keuangan Konsolidasian Perseroan, Persetujuan Laporan
                             Tugas Pengawasan Dewan Komisaris serta Pengesahan Laporan Keuangan Program Pendanaan Usaha Mikro
                             dan Usaha Kecil (PUMK) Tahun Buku 2024, sekaligus Pelunasan dan Pembebasan Tanggung Jawab Sepenuhnya
                             (volledig acquit et de charge) kepada Direksi atas Tindakan Pengurusan Perseroan dan Dewan Komisaris atas
 Mata Acara Rapat            Tindakan Pengawasan Perseroan yang Telah Dijalankan Selama Tahun Buku 2024.
 Pertama                     Approval of the Company’s Annual Report and Ratification of the Company’s Consolidated Financial Statements,
 First Meeting Agenda        Approval of the Board of Commissioners Supervisory Report, along with Approval of the Financial Statements of
                             Micro and Small Businesses Funding Program for the year ended on December 31, 2024, as well as the Granting
                             of Full Release and Discharge of Liability (volledig acquit et de charge) to the Board of Directors for the Actions of
                             Managing the Company and to the Board of Commissioners for the Actions of Supervising the Company that has
                             been carried out in the Fiscal Year 2024.

 Penanya/Penanggap
                             Nihil
 Questioners/
                             None
 Responders

                                                                          Dengan Pemungutan Suara
                                                                                With Voting
 Pengambilan
                             Setuju                        Tidak Setuju                  Abstain                        Total Suara Setuju
 Keputusan
 Decision Making             Agree                         Disagree                      Abstain                        Total Agree Votes
                             6.151.928.670                 3.083.000                     89.382.753                     6.241.311.423
                             (98,52%)                      (0,05%)                       (1,43%)                        (99,95%)

                             Rapat dengan Suara Terbanyak memutuskan:
                             1. Menyetujui Laporan Tahunan Perseroan, termasuk Laporan Tugas Pengawasan Dewan Komisaris, dan
                                Laporan Pelaksanaan Program Tanggung Jawab Sosial dan Lingkungan untuk Tahun Buku 2024 yang berakhir
                                pada tanggal 31 Desember 2024.
                             2. Mengesahkan:
                                a. Laporan Keuangan Konsolidasian Perseroan untuk Tahun Buku 2024 yang berakhir pada tanggal
                                     31 Desember 2024, yang telah diaudit oleh Kantor Akuntan Publik (KAP) Amir Abadi Jusuf, Aryanto,
                                     Mawar & Rekan (Anggota Jaringan Global RSM) sesuai Laporan Nomor 00065/2.1030/AU.1/06/0645-3/1/
                                     II/2025 tanggal 28 Februari 2025 dengan opini “wajar, dalam semua hal yang material”; dan
                                b. Laporan Keuangan Program Pendanaan Usaha Mikro dan Usaha Kecil untuk Tahun Buku 2024 yang
                                     berakhir pada tanggal 31 Desember 2024 yang telah diaudit oleh Kantor Akuntan Publik (KAP) Amir Abadi
                                     Jusuf, Aryanto, Mawar & Rekan (Anggota Jaringan Global RSM) sesuai Laporan Nomor 00203/2.1030/
                                     AU.2/12/0645-3/0/III/2025 tanggal 14 Maret 2025 dengan opini “wajar, dalam semua hal yang material”.
                             3. Memberikan pelunasan dan pembebasan tanggung jawab sepenuhnya (volledig acquit et de charge) kepada
                                seluruh anggota Direksi atas tindakan pengurusan Perseroan dan kepada seluruh anggota Dewan Komisaris
                                atas tindakan pengawasan Perseroan yang telah dijalankan selama Tahun Buku 2024 yang berakhir pada
                                tanggal 31 Desember 2024, sepanjang tindakan tersebut bukan merupakan tindak pidana dan tercermin
 Keputusan Rapat                dalam laporan tersebut di atas.
 Meeting Resolution
                             The majority vote decided to:
                             1. Approve the Company's Annual Report, including the Supervision Duty Implementation Report of the Board of
                                 Commissioners and the Report on the Implementation of the Social and Environmental Responsibility Program
                                 for Fiscal Year 2024, which ended on December 31, 2024.
                             2. Ratify:
                                 a. The Company’s Consolidated Financial Statements for Fiscal Year 2024 ended on December 31, 2024,
                                      which has been audited by Amir Abadi Jusuf, Aryanto, Mawar & Partners (Member of the RSM Global
                                      Network) Public Accounting Firm (KAP) as stated in its report No. 00065/2.1030/AU.1/06/0645-3/1/
                                      II/2025 dated February 28, 2025 with the opinion “fair, in all material respects”; and
                                 b. Financial Statements on the Implementation of the Micro and Small Enterprises Funding Program
                                      ended on December 31, 2024, which has been audited by Amir Abadi Jusuf, Aryanto, Mawar & Partners
                                      (Member of the RSM Global Network) Public Accounting Firm as stated in its report No. 00203/2.1030/
                                      AU.2/12/0645-3/0/III/2025 dated March 14, 2025 with the opinion “fair, in all material respects”.
                             3. Grant full release and discharge of liability (volledig acquit et de charge) to the members of the Board of
                                 Directors for the management actions of the Company and to all members of the Board of Commissioners
                                 for their supervisory actions that have been carried out during the Fiscal Year 2024 ended on December 31,
                                 2024, as long as such actions are not a criminal offense and are reflected in the above report.

 Tindak Lanjut/
 Realisasi                   -
 Follow-up/Realization




506                                                                               Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
Page 507
06                                    07                                      08
Tata Kelola Perusahaan                Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance             Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




 Mata Acara Rapat
 Kedua                        Penetapan Penggunaan Laba Bersih Perseroan Tahun Buku 2024.
 Second Meeting               Determination of the Use of the Company's Net Profit for the 2024 Fiscal Year.
 Agenda
 Penanya/Penanggap
                              Nihil
 Questioners/
                              None
 Responders
                                                                              Dengan Pemungutan Suara
                                                                                    With Voting
 Pengambilan
                              Setuju                           Tidak Setuju                   Abstain                      Total Suara Setuju
 Keputusan
                              Agree                            Disagree                       Abstain                      Total Agree Votes
 Decision Making
                              6.154.940.270                    946.555                        88.507.598                   6.243.447.868
                              (98,57%)                         (0,02%)                        (1,42%)                      (99,99%)
                              Rapat dengan Suara Terbanyak memutuskan:
                              Menetapkan penggunaan Laba Bersih Konsolidasian Perseroan yang dapat diatribusikan kepada pemilik entitas
                              induk untuk Tahun Buku 2024 sebesar Rp4.535.565.278.615 (empat triliun, lima ratus tiga puluh lima miliar, lima
                              ratus enam puluh lima juta, dua ratus tujuh puluh delapan ribu, enam ratus lima belas Rupiah), sebagai berikut:
                              1. Sebesar 25% atau sejumlah Rp1.133.891.319.654 (satu triliun, seratus tiga puluh tiga miliar, delapan ratus
                                  sembilan puluh satu juta, tiga ratus sembilan belas ribu, enam ratus lima puluh empat Rupiah) ditetapkan
                                  sebagai Dividen Tunai. Pembayarannya dilaksanakan dengan ketentuan sebagai berikut:
                                  a. Dividen untuk Tahun Buku 2024 dibayarkan secara proporsional kepada setiap Pemegang Saham yang
                                       namanya tercatat dalam Daftar Pemegang Saham pada tanggal pencatatan (recording date).
                                  b. Direksi diberi wewenang dan kuasa dengan hak substitusi untuk melakukan:
                                       i.   Penetapan jadwal dan tata cara pembagian yang berkaitan dengan pembayaran Dividen untuk Tahun
                                            Buku 2024 sesuai dengan ketentuan yang berlaku.
                                       ii. Pemotongan pajak Dividen sesuai peraturan perpajakan yang berlaku.
                                       iii. Hal-hal terkait teknis lain dengan tidak mengurangi ketentuan yang berlaku.
                              2. Sebesar 75% atau sejumlah Rp3.401.673.958.961 (tiga triliun, empat ratus satu miliar, enam ratus tujuh puluh
                                  tiga juta, sembilan ratus lima puluh delapan ribu, sembilan ratus enam puluh satu Rupiah) dibukukan sebagai
                                  Cadangan.
 Keputusan Rapat
 Meeting Resolution
                              The majority vote decided to:
                              Approve the utilization of the Company’s Consolidated Net Profit attributable to the parent entity owner for the
                              Fiscal Year 2024, amounting to Rp4,535,565,278,615 (four trillion, five hundred thirty-five billion, five hundred
                              sixty-five million, two hundred seventy-eight thousand, six hundred fifteen Rupiah), as follows:
                              1. As much as 25% or an amount of Rp1,133,891,319,654 (one trillion, one hundred thirty-three billion, eight
                                   hundred ninety-one million, three hundred nineteen thousand, six hundred fifty-four Rupiah) is determined as
                                   Cash Dividends. Payment is carried out with the following provisions:
                                   a. Dividends for the Fiscal Year 2024 are paid proportionally to each Shareholder whose name is recorded
                                       in the Shareholder Register on the recording date.
                                   b. The Board of Directors is given the authority and power, with the right of substitution, to carry out:
                                       i.   Determination of the schedule and procedures for distribution relating to the payment of Dividends
                                            for the 2024 Fiscal Year in accordance with applicable provisions.
                                       ii. Dividend tax deductions in accordance with applicable tax regulations.
                                       iii. Other technical matters without reducing the applicable provisions.
                              2. As much as 75% or an amount of Rp3,401,673,958,961 (three trillion, four hundred and one billion, six hundred
                                   and seventy-three million, nine hundred and fifty-eight thousand, nine hundred and sixty-one Rupiah) is
                                   recorded as Reserves.
                              •    Tata Cara Pembayaran Dividen Tunai Tahun Buku 2024 dipublikasikan pada Ringkasan Risalah Keputusan
                                   RUPS Tahunan dalam Bahasa Indonesia dan Bahasa Inggris melalui situs web Bursa Efek Indonesia dan
                                   Otoritas Jasa Keuangan https://spe.ojk.go.id/idxnet/, situs web penyedia e-RUPS https://easy.ksei.co.id/, dan
                                   situs web Perseroan www.jasamarga.com pada tanggal 08 Mei 2025.
                              •    Pembayaran dividen tahun buku 2024 dijadwalkan pada tanggal 05 Juni 2025.
 Tindak Lanjut/               •    Realisasi pembayaran dividen sesuai jadwal.
 Realisasi
 Follow-up/Realization        •    The Procedures for Payment of Cash Dividends for the 2024 Financial Year are published in the Summary of
                                   the Annual GMS Minutes in Indonesian and English on the websites of the Indonesia Stock Exchange and the
                                   Financial Services Authority https://spe.ojk.go.id/idxnet/, the e-GMS provider website https://easy. ksei.co.id/,
                                   and the Company's website www.jasamarga.com on May 8, 2025.
                              •    The payment of dividends for the 2024 financial year is scheduled for June 5, 2025.
                              •    The dividend payment will be realised according to schedule.




PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                            507
Page 508
01                              02                        03                    04                                        05
Ikhtisar Kinerja Utama          Laporan Manajemen         Profil Perusahaan      Analisa dan Pembahasan Manajemen          Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report         Company Profile        Management Discussion and Analysis        Business Support Functions




                             Penetapan Akuntan Publik dan/atau Kantor Akuntan Publik untuk Mengaudit Laporan Keuangan Konsolidasian
                             Perseroan dan Laporan Keuangan Program Pendanaan Usaha Mikro dan Usaha Kecil (PUMK) untuk Tahun Buku
 Mata Acara Rapat
                             2025.
 Ketiga
                             Appointment of a Public Accountant and/or Public Accounting Firm to Audit the Company's Consolidated Financial
 Third Meeting Agenda
                             Statements and the Financial Statements of the Micro and Small Business Funding Program (PUMK) for the 2025
                             Fiscal Year.

 Penanya/Penanggap
                             Nihil
 Questioners/
                             None
 Responders

                                                                         Dengan Pemungutan Suara
                                                                               With Voting
 Pengambilan
                             Setuju                      Tidak Setuju                 Abstain                        Total Suara Setuju
 Keputusan
                             Agree                       Disagree                     Abstain                        Total Agree Votes
 Decision Making
                             5.984.709.401               175.724.624                  83.960.398                     6.068.669.799
                             (95,84%)                    (2,81%)                      (1,35%)                        (97,19%)

                             Rapat dengan Suara Terbanyak memutuskan:
                             1. Menyetujui penunjukan Akuntan Publik di Kantor Akuntan Publik Amir Abadi Jusuf, Aryanto, Mawar & Rekan
                                (Anggota Jaringan Global RSM) yang akan mengaudit Laporan Keuangan Konsolidasian Perseroan, serta
                                Laporan Keuangan Program Pendanaan Usaha Mikro dan Usaha Kecil (PUMK), serta Laporan lainnya untuk
                                Tahun Buku 2025.
                             2. Menyetujui pemberian kuasa dan wewenang kepada Dewan Komisaris Perseroan untuk melakukan.
                                a. Penunjukan Akuntan Publik dan/atau Kantor Akuntan Publik untuk mengaudit atas Laporan Keuangan
                                     Konsolidasian Perseroan periode lainnya pada Tahun Buku 2025 untuk tujuan dan kepentingan Perseroan;
                                     dan
                                b. Penetapan imbalan jasa audit dan persyaratan lainnya bagi Akuntan Publik dan/atau Kantor Akuntan
                                     Publik tersebut, serta menunjuk Akuntan Publik dan/atau Kantor Akuntan Publik Pengganti dalam hal
                                     Akuntan Publik dan/atau Kantor Akuntan Publik Amir Abadi Jusuf, Aryanto, Mawar & Rekan (Anggota
                                     Jaringan Global RSM), karena sebab apapun, tidak dapat menyelesaikan pemberian jasa audit Laporan
                                     Keuangan Konsolidasian Perseroan dan/atau periode lainnya pada Tahun Buku 2025, serta Laporan
                                     Keuangan Program Pendanaan Usaha Mikro dan Usaha Kecil (PUMK) Tahun Buku 2025, termasuk
                                     menetapkan imbalan jasa audit dan persyaratan lainnya bagi Akuntan Publik dan/atau Kantor Akuntan
 Keputusan Rapat
                                     Publik Pengganti tersebut.
 Meeting Resolution

                             The majority vote decided to:
                             1. Approve the appointment of Amir Abadi Jusuf, Aryanto, Mawar & Partners (Member of the RSM Global Network)
                                 Public Accounting Firm to audit the Company’s Consolidated Financial Statements, and Financial Statements of
                                 the Micro and Small Business Funding Program (PUMK), and other Statements for the 2025 Fiscal Year.
                             2. Approve the granting of power and authority to the Company’s Board of Commissioners to:
                                 a. Appoint a Public Accountant and/or Public Accounting Firm to audit the Company’s Consolidated Financial
                                     Statements for other periods in the 2025 Fiscal Year for the purposes and interests of the Company; and
                                 b. Determine the audit service fees and other requirements for the Public Accountant and/or Public
                                     Accounting Firm, and appointment of a Replacement Public Accountant and/or Public Accounting Firm
                                     if the Public Accountant and/or Public Accounting Firm of Amir Abadi Jusuf, Aryanto, Mawar & Partners
                                     (RSM Global Network Member), for any reason, is unable to complete the provision of audit services
                                     for the Company’s Consolidated Financial Statements and/or other periods in the 2025 Fiscal Year, as
                                     well as the Financial Statements of the Micro and Small Business Funding Program (PUMK) for the 2025
                                     Fiscal Year, including determining audit service fees and other requirements for the Replacement Public
                                     Accountant and/or Public Accounting Firm.

                             KAP Amir Abadi Jusuf, Aryanto, Mawar & Rekan (RSM Indonesia) melakukan pekerjaan dalam lingkup audit yang
 Tindak Lanjut/
                             telah ditetapkan.
 Realisasi
                             KAP Amir Abadi Jusuf, Aryanto, Mawar & Partners (RSM Indonesia) performed work within the scope of the audit
 Follow-up/Realization
                             as defined.




508                                                                             Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 509
06                                    07                                      08
Tata Kelola Perusahaan                Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance             Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




                              Penetapan Gaji/Honorarium berikut Fasilitas dan Tunjangan untuk Direksi dan Dewan Komisaris Perseroan Tahun
 Mata Acara Rapat             Buku 2025, serta Tantiem/Insentif Kinerja/Insentif Khusus untuk Direksi dan Dewan Komisaris Perseroan atas Kinerja
 Keempat                      Tahun Buku 2024.
 Fourth Meeting               Determination of Salaries/Honoraria, Facilities, along with Facilities and Benefits for the Company's Board of Directors
 Agenda                       and Board of Commissioners for the 2025 Fiscal Year, as well as Bonuses/Performance Incentives/Special Incentives
                              for the Company's Board of Directors and Board of Commissioners for their Performance in the 2024 Fiscal Year.

 Penanya/Penanggap
                              Nihil
 Questioners/
                              None
 Responders
                                                                              Dengan Pemungutan Suara
                                                                                    With Voting
 Pengambilan
 Keputusan                    Setuju                           Tidak Setuju                   Abstain                      Total Suara Setuju
 Decision Making              Agree                            Disagree                       Abstain                      Total Agree Votes
                              6.107.815.973                    48.070.852                     88.507.598                   6.196.323.571
                              (97,81%)                         (0,77%)                        (1,42%)                      (99,23%)
                              Rapat dengan Suara Terbanyak memutuskan:
                              1. Menyetujui pemberian kuasa dan wewenang kepada Pemegang Saham Seri A Dwiwarna untuk menetapkan
                                 bagi Anggota Dewan Komisaris:
                                 a. Tantiem/Insentif Kinerja/Insentif Khusus atas kinerja Tahun Buku 2024, sesuai dengan ketentuan yang
                                      berlaku; dan
                                 b. Honorarium berikut Fasilitas dan Tunjangan untuk Tahun Buku 2025.
                              2. Menyetujui pemberian kuasa dan wewenang kepada Dewan Komisaris dengan terlebih dahulu mendapatkan
                                 persetujuan tertulis dari Pemegang Saham Seri A Dwiwarna untuk menetapkan bagi Anggota Direksi:
                                 a. Tantiem/Insentif Kinerja/Insentif Khusus atas kinerja Tahun Buku 2024, sesuai dengan ketentuan yang
                                      berlaku; dan
                                 b. Gaji berikut Fasilitas dan Tunjangan untuk Tahun Buku 2025.
 Keputusan Rapat
 Meeting Resolution
                              The majority vote decided to:
                              1. Approve the granting of power and authority to the Series A Dwiwarna Shareholders to determine for the
                                  Members of the Board of Commissioners:
                                  a. Bonuses/Performance Incentives/Special Incentives for performance in the 2024 Fiscal Year, per
                                      applicable regulations; and
                                  b. Honoraria along with Facilities and Allowances for the 2025 Fiscal Year.
                              2. Approve the granting of power and authority to the Board of Commissioners, with prior written approval from
                                  Series A Dwiwarna Shareholders, to determine for Members of the Board of Directors:
                                  a. Bonuses/Performance Incentives/Special Incentives for performance in the 2024 Fiscal Year, per
                                      applicable regulations; and
                                  b. Salaries, Facilities, and Allowances for the 2025 Fiscal Year.

                              Memperhatikan Keputusan RUPS Tahunan Jasa Marga tahun buku 2024 yang dilaksanakan tanggal 07 Mei 2025
                              serta berdasarkan surat Kepala Badan Pengaturan Badan Usaha Milik Negara No. xx tanggal xx 2025, Pemegang
                              Saham Seri A Dwiwarna menetapkan tantiem/insentif kinerja/insentif khusus untuk Tahun Buku 2024 bagi Direksi;
                              honorarium, tunjangan dan fasilitas untuk tahun 2025 bagi anggota Dewan Komisaris; serta gaji, tunjangan, dan
 Tindak Lanjut/               fasilitas untuk tahun 2025 bagi Direksi.
 Realisasi                    In accordance with the resolution of Jasa Marga’s Annual GMS for the 2024 fiscal year, held on May 7, 2025, and
 Follow-up/Realization        pursuant to the letter from the Head of the State-Owned Enterprises Regulatory Agency No. xx dated xx 2025,
                              the Series A Dwiwarna Shareholders have determined performance bonuses/performance incentives/special
                              incentives for the 2024 fiscal year for the Board of Directors; honoraria, allowances, and benefits for 2025 for
                              members of the Board of Commissioners; as well as salaries, allowances, and benefits for 2025 for the Board of
                              Directors.



                              Laporan Realisasi Penggunaan Dana Hasil Penawaran Umum Melalui Penawaran Obligasi Berkelanjutan III Jasa
 Mata Acara Rapat
                              Marga Tahap I Tahun 2024.
 Kelima
                              Report on the Realization of the Use of Proceeds from the Public Offering through the Jasa Marga Shelf-Registered
 Fifth Meeting Agenda
                              Bonds III Phase I Year 2024.

 Penanya/Penanggap
                              Nihil
 Questioners/
                              None
 Responders
                                                                              Dengan Pemungutan Suara
 Pengambilan                                                                        With Voting
 Keputusan                    Setuju                           Tidak                          Abstain                      Total Suara Setuju
 Decision Making              Agree                            Setuju Disagree                Abstain                      Total Agree Votes
                              -                                -                              -                            -
                              Mata Acara ini bersifat laporan. Sehingga tidak dilakukan pemungutan suara untuk pengambilan keputusan.
                              Direksi telah melaporkan Laporan Realisasi Penggunaan Dana Hasil Penawaran Umum Melalui Penawaran Obligasi
 Keputusan Rapat              Berkelanjutan III Jasa Marga Tahap I Tahun 2024.
 Meeting Resolution           This agenda item is for reporting purposes only, so no vote was taken to make a decision.
                              The Board of Directors has reported the Realization of the Use of Proceeds from the Public Offering through the
                              Jasa Marga Shelf-Registered Bonds III Phase I Year 2024.
 Tindak Lanjut/
 Realisasi                    -
 Follow-up/Realization


PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                            509
Page 510
01                                02                     03                    04                                         05
Ikhtisar Kinerja Utama            Laporan Manajemen      Profil Perusahaan      Analisa dan Pembahasan Manajemen           Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report      Company Profile        Management Discussion and Analysis         Business Support Functions




 Mata Acara Rapat
                             Persetujuan Perubahan Susunan Pengurus Perseroan.
 Keenam
                             Approval of Changes to the Company's Management Structure.
 Sixth Meeting agenda

 Penanya/Penanggap
                             Nihil
 Questioners/
                             None
 Responders

                                                                        Dengan Pemungutan Suara
                                                                              With Voting
 Pengambilan
 Keputusan                   Setuju                     Tidak Setuju                 Abstain                         Total Suara Setuju
 Decision Making             Agree                      Disagree                     Abstain                         Total Agree Votes
                             5.422.869.996              737.566.829                  83.957.598                      5.506.827.594
                             (86,84%)                   (11,81%)                     (1,35%)                         (88,19%)

                             1.   Memberhentikan dengan hormat nama-nama tersebut di bawah ini sebagai Pengurus Perseroan:
                                  a. Direktur Utama: Subakti Syukur
                                  b. Direktur Human Capital dan Transformasi: Bagus Cahya Arinta B.
                                  c. Direktur Operasi: Fitri Wiyanti
                                  d. Komisaris Utama: Mohammad Zainal Fatah
                                  e. Komisaris: Raja Erizman
                                  f. Komisaris: M. Roskanedi
                                  g. Komisaris Independen: Marsetio
                                  h. Komisaris Independen: Abdul Rachman
                                  i.   Komisaris Independen: Chandra Wijaya
                                  yang diangkat masing-masing berdasarkan Keputusan RUPS Luar Biasa tahun 2021 tanggal 27 Agustus 2021,
                                  Keputusan RUPS Luar Biasa tahun 2021 tanggal 22 Desember 2021, Keputusan RUPS Tahunan tahun buku
                                  2019 tanggal 11 Juni 2020, Keputusan RUPS Luar Biasa tahun 2023 tanggal 08 Februari 2023, Keputusan
                                  RUPS Tahunan tahun buku 2020 tanggal 27 Mei 2021, Keputusan RUPS Tahunan tahun buku 2020 tanggal
                                  27 Mei 2021, Keputusan RUPS Luar Biasa tahun 2023 tanggal 08 Februari 2023, Keputusan RUPS Luar Biasa
                                  tahun 2023 tanggal 08 Februari 2023, Keputusan RUPS Luar Biasa tahun 2023 tanggal 08 Februari 2023,
                                  terhitung sejak ditutupnya RUPS ini, dengan ucapan terima kasih atas sumbangan tenaga dan pikiran yang
                                  diberikan selama menjabat sebagai Pengurus Perseroan.
                             2.   Mengubah nomenklatur jabatan anggota Direksi Perseroan sebagai berikut:
                                      No.                      Semula                                               Menjadi
                                       1                  Direktur Operasi                             Direktur Operasi dan Layanan

                             3.   Mengangkat nama-nama tersebut di bawah ini sebagai Pengurus Perseroan:
                                  a. Direktur Utama: Rivan Achmad Purwantono
                                  b. Direktur Human Capital dan Transformasi: Yoga Tri Anggoro
                                  c. Direktur Operasi dan Layanan: Fitri Wiyanti
                                  d. Komisaris Utama: Juri Ardiantoro
                                  e. Komisaris: Syamsul Bachri Yusuf
                                  f. Komisaris Independen: Nachrowi Ramli
 Keputusan Rapat
                                  g. Komisaris Independen: Rudi Antariksawan
 Meeting Resolution
                                  h. Komisaris: Asrorun Ni’am Sholeh
                             4.   Masa jabatan anggota-anggota Direksi dan anggota-anggota Dewan Komisaris yang diangkat sebagaimana
                                  dimaksud pada angka 3, sesuai dengan ketentuan Anggaran Dasar Perseroan, dengan memperhatikan
                                  peraturan perundang-undangan di bidang Pasar Modal dan tanpa mengurangi hak RUPS untuk
                                  memberhentikan sewaktu-waktu.
                             5.   Dengan adanya pemberhentian, perubahan nomenklatur jabatan, dan pengangkatan Pengurus Perseroan
                                  sebagaimana dimaksud pada angka 1, angka 2, dan angka 3, maka susunan Pengurus Perseroan menjadi
                                  sebagai berikut:
                                  a. Direksi
                                      • Direktur Utama: Rivan Achmad Purwantoro
                                      • Direktur Bisnis: Reza Febriano
                                      • Direktur Human Capital dan Transformasi: Yoga Tri Anggoro
                                      • Direktur Keuangan dan Manajemen Risiko: Pramitha Wulanjani
                                      • Direktur Operasi dan Layanan: Fitri Wiyanti
                                      • Direktur Pengembangan Usaha: Mohamad Agus Setiawan
                                  b. Dewan Komisaris
                                      • Komisaris Utama: Juri Ardiantoro
                                      • Komisaris: Syamsul Bachri Yusuf
                                      • Komisaris Independen: Nachrowi Ramli
                                      • Komisaris Independen: Seppalga Ahmad
                                      • Komisaris Independen: Rudi Antariksawan
                                      • Komisaris: Asrorun Ni’am Sholeh
                             6.   Anggota-anggota Direksi dan anggota-anggota Dewan Komisaris yang diangkat sebagaimana dimaksud pada
                                  angka 3 yang masih menjabat pada jabatan lain yang dilarang oleh peraturan perundang-undangan untuk
                                  dirangkap dengan jabatan Direksi dan Dewan Komisaris Badan Usaha Milik Negara, maka yang bersangkutan
                                  harus mengundurkan diri atau diberhentikan dari jabatannya tersebut.
                             7.   Memberikan kuasa dengan hak substitusi kepada Direksi Perseroan untuk menyatakan yang diputuskan
                                  RUPS ini dalam bentuk Akta Notaris serta menghadap Notaris atau pejabat yang berwenang, dan melakukan
                                  penyesuaian atau perbaikan-perbaikan yang diperlukan apabila dipersyaratkan oleh pihak yang berwenang
                                  untuk keperluan pelaksanaan isi keputusan Rapat.




510                                                                            Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
Page 511
06                                    07                                            08
Tata Kelola Perusahaan                Tanggung Jawab Sosial Perusahaan              Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance             Corporate Social Responsibility               Reference of POJK, SEOJK, and ARA Criteria




                              1.    Honorably dismiss the names below from the Company’s Management:
                                    a. President Director: Subakti Syukur
                                    b. Director of Human Capital and Transformation: Bagus Cahya Arinta B.
                                    c. Director of Operations: Fitri Wiyanti
                                    d. President Commissioner: Mohammad Zainal Fatah
                                    e. Commissioner: Raja Erizman
                                    f.  Commissioner: M. Roskanedi
                                    g. Independent Commissioner: Marsetio
                                    h. Independent Commissioner: Abdul Rachman
                                    i.  Independent Commissioner: Chandra Wijaya
                                    each appointed based on the Extraordinary GMS Resolution in 2021 dated August 27, 2021, the Extraordinary
                                    GMS Resolution in 2021 dated December 22, 2021, the Annual GMS Resolution for the 2019 fiscal year dated
                                    June 11, 2020, the Extraordinary GMS Resolution in 2023 dated February 8, 2023, the Annual GMS Resolution for
                                    the 2020 fiscal year dated May 27, 2021, the Annual GMS Resolution for the 2020 fiscal year dated May 27, 2021,
                                    the Extraordinary GMS Resolution in 2023 dated February 8, 2023, the Extraordinary GMS Resolution in 2023
                                    dated February 8, 2023, effective as of the closing of this GMS, with gratitude for the contribution of energy and
                                    thoughts given while serving as Company’s Management.
                              2.    Change the nomenclature of the positions of members of the Company’s Directors as follows:
                                       No.                               Formerly                                                Into
                                         1      Director of Operations                                      Director of Operations and Services

                              3.    Appoint the following names to the Company’s Management:
                                    a. President Director: Rivan Achmad Purwantono
                                    b. Director of Human Capital and Transformation: Yoga Tri Anggoro
                                    c. Director of Operations and Services: Fitri Wiyanti
                                    d. President Commissioner: Juri Ardiantoro
 Keputusan Rapat                    e. Commissioner: Syamsul Bachri Yusuf
 Meeting Resolution                 f.   Independent Commissioner: Nachrowi Ramli
                                    g. Independent Commissioner: Rudi Antariksawan
                                    h. Commissioner: Asrorun Ni’am Sholeh
                              4.    The term of office for the members of the Board of Directors and Commissioners appointed as referred to in
                                    number 3 follows the provisions in the Company’s Articles of Association, with due observance of the laws and
                                    regulations in the Capital Market sector and without prejudice to the right of the GMS to dismiss at any time.
                              5.    With the dismissal, change in nomenclature position, and appointment of the Company’s Management as referred
                                    to in number 1, number 2, and number 3, the composition of the Company’s Management is as follows:
                                    a. Direksi
                                         •   Board of Directors: Rivan Achmad Purwantoro
                                         •   Director of Business: Reza Febriano
                                         •   Director of Human Capital and Transformation: Yoga Tri Anggoro
                                         •   Director of Finance and Risk Management: Pramitha Wulanjani
                                         •   Director of Operations and Services: Fitri Wiyanti
                                         •   Director of Business Development: Mohamad Agus Setiawan
                                    b. Board of Commissioners
                                         •   President Commissioner: Juri Ardiantoro
                                         •   Commissioner: Syamsul Bachri Yusuf
                                         •   Independent Commissioner: Nachrowi Ramli
                                         •   Independent Commissioner: Seppalga Ahmad
                                         •   Independent Commissioner: Rudi Antariksawan
                                         •   Commissioner: Asrorun Ni’am Sholeh
                              6.    Members of the Board of Directors and Commissioners appointed in number 3 who still hold other positions
                                    prohibited by regulations from being concurrent with those of the Board of Directors or Commissioners of a
                                    State-Owned Enterprise, such person must resign or be dismissed from that position.
                              7.    Grant a power of attorney with substitution rights to the Directors of the Company to declare the resolution
                                    obtained in this GMS in the form of a Notary Deed and face a Notary or authorized official and make necessary
                                    adjustments or corrections if required by the competent authorities to carry out the Meeting’s resolution.

                              •     Keterbukaan Informasi sesuai ketentuan Pasal 2 Peraturan Otoritas Jasa Keuangan (POJK) No. 31/POJK.04/2015
                                    tentang Keterbukaan Atas Informasi Atau Fakta Material oleh Emiten Atau Perusahaan Publik sebagaimana diubah
                                    melalui ketentuan Pasal 52 POJK No. 45 Tahun 2024 tentang Pengembangan dan Penguatan Emiten dan Perusahaan
                                    Publik, Perseroan telah menyampaikan perubahan susunan Pengurus Perseroan tersebut kepada OJK dan BEI pada
                                    tanggal 08 Mei 2025, serta diunggah di situs web Perseroan www.jasamarga.com.
                              •     Akta Pernyataan Keputusan Rapat No. 36 tanggal 19 Mei 2025, dibuat di hadapan Ir. Nanette Cahyanie Handari
                                    Adi Warsito, SH, Notaris di Jakarta, berikut Surat Penerimaan Pemberitahuan dari Direktorat Jenderal Administrasi
                                    Hukum Umum Kementerian Hukum Republik Indonesia No. AHU-AH.01.09-0250428 tanggal 20 Mei 2025 dan telah
                                    didaftar dalam Daftar Perseroan No. AHU-0109940.AH.01.11.TAHUN 2025 tanggal 20 Mei 2025.
                              •     Program Pengenalan Pengurus Baru bagi Direksi dan Dewan Komisaris pada tanggal 28 Mei dan 04 Juni 2025.
 Tindak Lanjut/               •     Disclosure of Information in accordance with the provisions of Article 2 of Financial Services Authority Regulation
 Realisasi                          (POJK) No. 31/POJK.04/2015 concerning Disclosure of Material Information or Facts by Issuers or Public Companies
 Follow-up/Realization              as amended by the provisions of Article 52 of POJK No. 45 of 2024 concerning the Development and Strengthening
                                    of Issuers and Public Companies, the Company has submitted the changes to the composition of the Company's
                                    Management to the OJK and IDX on May 8, 2025, and uploaded them on the Company's website www.jasamarga.
                                    com.
                              •     Deed of Statement of Meeting Resolution No. 36 dated May 19, 2025, drawn up before Ir. Nanette Cahyanie Handari
                                    Adi Warsito, SH, Notary in Jakarta, along with the Letter of Acceptance of Notification from the Directorate General
                                    of General Legal Administration of the Ministry of Law of the Republic of Indonesia No. AHU-AH.01.09-0250428
                                    dated May 20, 2025 and registered in the Company Register No. AHU-0109940.AH.01.11.TAHUN 2025 dated May
                                    20, 2025.
                              •     New Management Introduction Programme for the Board of Directors and Board of Commissioners on May 28, and
                                    June 4, 2025.


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Ikhtisar Kinerja Utama              Laporan Manajemen            Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report            Company Profile           Management Discussion and Analysis       Business Support Functions




Jadwal dan Tata Cara Pembagian Dividen Tunai Tahun                                  Schedule and Procedures for 2024 Fiscal Year Cash
Buku 2024                                                                           Dividend Distribution

Sesuai Keputusan Rapat tanggal 07 Mei 2025, telah                                   In accordance with the Meeting Resolution dated May
diputuskan antara lain pembagian dividen tunai sebesar 25%                          7, 2025, it has been decided, among other things, to
dari Laba Bersih Perseroan untuk Tahun Buku 2024, yaitu                             distribute a cash dividend of 25% of the Company’s Net
Rp1.133.891.319.654 atau sebesar Rp156,22919 per lembar                             Profit for the 2024 Fiscal Year, namely Rp1,133,891,319,654
saham dengan jadwal dan tata cara pembayaran yang akan                              or Rp156.22919 per share with the schedule and payment
dilakukan dengan memperhatikan ketentuan perdagangan                                procedures to be carried out in accordance with the
saham yang berlaku di Bursa Efek Indonesia (BEI) sebagai                            applicable stock trading provisions on the Indonesia Stock
berikut:                                                                            Exchange (IDX) as follows:

Tabel Jadwal Pembagian Dividen Tunai Tahun Buku 2024
Table of the 2024 Fiscal Year Cash Dividend Distribution Schedule


                                                                Kegiatan                                                                Tanggal
     No.                                                         Activity                                                                Date
     1.    Akhir Periode Perdagangan Saham dengan Hak Dividen (Cum Dividen)
           a.   Pasar Reguler dan Negosiasi                                                                                           19 Mei 2025
           b. Pasar Tunai                                                                                                             21 Mei 2025
           End of Trading Period for Shares with Dividend Rights (Cum Dividend)
           a.   Regular and Negotiation Market                                                                                       May 19, 2025
           b. Cash Market                                                                                                            May 21, 2025

     2.    Awal Periode Perdagangan Saham Tanpa Hak Dividen (Ex Dividen)
           a.   Pasar Reguler dan Negosiasi                                                                                           20 Mei 2025
           b. Pasar Tunai                                                                                                             22 Mei 2025
           Start of Trading Period Without Dividend Rights (Ex-Dividend)
           a.   Regular and Negotiation Market                                                                                       May 20, 2025
           b. Cash Market                                                                                                            May 22, 2025

     3.    Tanggal Daftar Pemegang Saham berhak Dividen (Recording Date)                                                             21 Mei 2025
           Record Date for Shareholders Entitled to Dividends (Recording Date)                                                       May 21, 2025

     4.    Pembayaran Dividen Tunai Tahun Buku 2024                                                                                   05 Juni 2025
           Cash Dividend Payment for the 2024 Fiscal Year                                                                             June 5, 2025




Tata Cara Pembayaran Dividen Tunai                                                  Cash Dividend Payment Procedure

1. Dividen Tunai akan dibagikan kepada Pemegang                                     1.   Cash dividends was distributed to Shareholders whose
   Saham yang namanya tercatat dalam Daftar Pemegang                                     names are recorded in the Company’s Shareholder
   Saham Perseroan (“DPS”) atau Recording Date pada                                      Register (DPS) or Recording Date on May 21, 2025, and/
   tanggal 21 Mei 2025 dan/atau pemilik saham Perseroan                                  or owners of the Company’s shares in sub-securities
   pada sub rekening efek di PT Kustodian Sentral Efek                                   accounts at PT Kustodian Sentral Efek Indonesia (KSEI)
   Indonesia (“KSEI”) pada penutupan perdagangan                                         at the close of trading on May 21, 2025.
   tanggal 21 Mei 2025.
2. Bagi Pemegang Saham yang sahamnya dimasukkan                                     2. For Shareholders whose shares are included in KSEI’s
   dalam penitipan kolektif KSEI, pembayaran dividen tunai                             collective custody, cash dividend payments was made
   dilaksanakan melalui KSEI dan akan didistribusikan pada                             through KSEI and distributed on June 5, 2025, to the
   tanggal 05 Juni 2025 ke dalam rekening dana nasabah                                 customer fund accounts at the Securities Company
   pada Perusahaan Efek dan/atau Bank Kustodian tempat                                 and/or Custodian Bank where the Shareholders opened
   dimana Pemegang Saham membuka Rekening Efek. Bagi                                   their Securities Accounts. The cash dividend payment
   Pemegang Saham yang sahamnya tidak dimasukkan                                       will be transferred to the Shareholders’ account for
   dalam penitipan kolektif KSEI, maka pembayaran dividen                              Shareholders whose shares are not included in the KSEI
   tunai akan ditransfer ke rekening Pemegang Saham.                                   collective custody.
3. Dividen tunai sebagaimana tersebut akan dikenakan                                3. The cash dividends referred to above will be subject to
   pajak sesuai dengan peraturan perundang-undangan                                    tax per applicable tax laws and regulations. The amount
   perpajakan yang berlaku. Jumlah pajak yang dikenakan                                of tax imposed will be borne by the relevant Shareholders
   akan menjadi tanggungan Pemegang Saham yang                                         and deducted from the amount of cash dividends to
   bersangkutan serta dipotong dari jumlah dividen tunai                               which the relevant Shareholders are entitled.
   yang menjadi hak Pemegang Saham yang bersangkutan.
4. Berdasarkan        peraturan       perundang-undangan                            4. Based on applicable tax laws and regulations, the cash
   perpajakan yang berlaku, dividen tunai sebagaimana                                  dividends referred to above will be exempt from tax if
   dimaksud tersebut akan dikecualikan dari objek pajak jika                           they are received by domestic corporate taxpayers
   diterima oleh pemegang saham wajib pajak badan dalam                                (WP Badan DN) and the Company does not withhold
   negeri (“WP Badan DN”) dan Perseroan tidak melakukan                                Income Tax (PPh) on cash dividends paid to WP Badan
   pemotongan Pajak Penghasilan (“PPh”) atas dividen                                   DN. Cash dividends received by domestic individual
   tunai yang dibayarkan kepada WP Badan DN tersebut.                                  taxpayers (WPOP DN) will be exempt from tax as long


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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




   Dividen tunai yang diterima oleh pemegang saham wajib                   as the dividends are invested in the territory of the
   pajak orang pribadi dalam negeri (“WPOP DN”) akan                       Republic of Indonesia. For WPOP DN that do not meet
   dikecualikan dari objek pajak sepanjang dividen tersebut                the investment requirements as mentioned above,
   diinvestasikan di wilayah Negara Republik Indonesia.                    the dividends received by the relevant parties will be
   Bagi WPOP DN yang tidak memenuhi ketentuan investasi                    subject to PPh in accordance with the applicable laws
   sebagaimana disebutkan di atas, maka dividen yang                       and regulations, and the relevant WPOP DN must pay the
   diterima oleh yang bersangkutan akan dikenakan PPh                      PPh in accordance with the provisions of Government
   sesuai dengan ketentuan perundang-undangan yang                         Regulation No. 9 of 2021 on Tax Treatment to Support
   berlaku, dan PPh tersebut wajib disetor sendiri oleh                    Ease of Doing Business and its amendments.
   WPOP DN yang bersangkutan sesuai dengan ketentuan
   Peraturan Pemerintah No. 9 Tahun 2021 tentang
   Perlakuan Perpajakan untuk Mendukung Kemudahan
   Berusaha berikut perubahannya.
5. Bagi Pemegang Saham yang merupakan Wajib Pajak Luar                5. Shareholders who are Foreign Taxpayers whose tax
   Negeri yang pemotongan pajaknya akan menggunakan                      deductions will use rates based on the Double Taxation
   tarif berdasarkan Persetujuan Penghindaran Pajak                      Avoidance Agreement (P3B) must meet the requirements
   Berganda (“P3B”) wajib memenuhi persyaratan                           of the Director General of Taxation Regulation No.
   Peraturan Direktur Jenderal Pajak No. PER-25/PJ/2018                  PER-25/PJ/2018 on Procedures for the Application of
   tentang Tata Cara Penerapan Persetujuan Penghindaran                  Double Taxation Avoidance Agreements and submit
   Pajak Berganda serta menyampaikan dokumen bukti                       proof of record or receipt of DGT/Certificate of Domicile
   rekam atau tanda terima DGT/Surat Keterangan Domisili                 that has been uploaded to the Directorate General of
   yang telah diunggah ke laman Direktorat Jenderal Pajak                Taxes website to KSEI or the Securities Administration
   kepada KSEI atau Biro Administrasi Efek (“BAE”) sesuai                Bureau (BAE) in accordance with KSEI regulations and
   peraturan dan ketentuan KSEI, tanpa adanya dokumen                    provisions. Without the aforementioned documents,
   dimaksud, dividen tunai yang dibayarkan akan dikenakan                cash dividends paid will be subject to income tax under
   PPh pasal 26 sebesar 20% (dua puluh persen).                          Article 26 at a rate of 20% (twenty percent).
6. Bagi Pemegang Saham yang sahamnya dalam penitipan                  6. For Shareholders whose shares are in KSEI collective
   kolektif KSEI, bukti pemotongan pajak dividen dapat                   custody, proof of dividend tax withholding can be
   diambil di Perusahaan Efek dan/atau Bank Kustodian                    obtained at the Securities Company and/or Custodian
   dimana Pemegang Saham membuka rekening efeknya                        Bank where the Shareholder opened their securities
   dan bagi Pemegang Saham warkat diambil di kantor BAE                  account, and for Shareholders, the certificate can be
   PT Datindo Entrycom.                                                  obtained at the BAE PT Datindo Entrycom office.

RUPS Luar Biasa 2025                                                  Extraordinary GMS in 2025

Perseroan menyelenggarakan 1 (satu) kali RUPS Luar Biasa              The Company held 1 (one) Extraordinary General Meeting
di tahun 2025. Adapun Informasi penyelenggaraan RUPS                  of Shareholders (EGMS) in 2025. The information regarding
Luar Biasa tahun 2025, sebagai berikut:                               the convening of the 2025 Extraordinary General Meeting of
                                                                      Shareholders is as follows:
Hari/tanggal : Rabu, 17 Desember 2025                                 Day/date : Wednesday, December 17, 2025
Waktu        : 11.35 s.d. 16.53 WIB                                   Time     : 11:35 a.m. to 4:53 p.m. Western Indonesian Time
Tempat       : Mengakses fasilitas eASY.KSEI (Electronic              Place    : Access the eASY.KSEI (Electronic General
               General Meeting System KSEI) dalam tautan                          Meeting System KSEI) facility at the link https://
               https://akses.ksei.co.id/ yang disediakan oleh                     akses.ksei.co.id/ provided by PT Kustodian
               PT Kustodian Sentral Efek Indonesia (“KSEI”)                       Sentral Efek Indonesia (“KSEI”)

RUPS Luar Biasa dilaksanakan secara elektronik sesuai                 The Extraordinary General Meeting of Shareholders was
Peraturan Otoritas Jasa Keuangan (“POJK”) No. 15/                     conducted electronically in accordance with Financial
POJK.04/2020 tentang Rencana dan Penyelenggaraan                      Services Authority Regulation (“POJK”) No. 15/POJK.04/2020
Rapat Umum Pemegang Saham Perusahaan Terbuka (“POJK                   concerning the Planning and Convening of General Meetings
15/2020”) dan POJK No. 14 Tahun 2025 tentang Pelaksanaan              of Shareholders of Public Companies (“POJK 15/2020”)
Rapat Umum Pemegang Saham, Rapat Umum Pemegang                        and POJK No. 14 of 2025 concerning the Electronic
Obligasi, dan Rapat Umum Pemegang Sukuk Secara                        Implementation of General Meetings of Shareholders,
Elektronik (“POJK 14/2025”). Pemimpin Rapat, Notaris,                 General Meetings of Bondholders, and General Meetings of
serta Lembaga dan Profesi Penunjang telah berkoordinasi               Sukukholders (“POJK 14/2025”). The Chair of the Meeting,
dalam rangka pelaksanaan Rapat secara elektronik di Ruang             the Notary, and the Supporting Institutions and Professions
Kolaboratif-Kompeten, Gedung B, Kantor Pusat PT Jasa                  coordinated the electronic convening of the Meeting from
Marga (Persero) Tbk, Plaza Tol Taman Mini Indonesia Indah,            the Collaborative-Competent Room, Building B, the Head
Jakarta 13550, Indonesia.                                             Office of PT Jasa Marga (Persero) Tbk, Plaza Tol Taman Mini
                                                                      Indonesia Indah, Jakarta 13550, Indonesia.




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Ikhtisar Kinerja Utama           Laporan Manajemen        Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report        Company Profile          Management Discussion and Analysis       Business Support Functions




Pemenuhan Kepatuhan Penyelenggaraan RUPS                                     2025 Extraordinary GMS Implementation
Luar Biasa Tanggal 17 Desember 2025                                          Compliance Fulfillment on December 17, 2025

Penyelenggaraan RUPS Luar Biasa (“Rapat”) tersebut telah                     The Extraordinary GMS (Meeting) was prepared and held
melalui proses persiapan dan penyelenggaraan sesuai                          per Law No. 40 of 2007 on Limited Liability Companies
dengan Undang-Undang No. 40 tahun 2007 tentang                               Articles 81, 82, and 83; POJK 15/2020; POJK 14/2025; and
Perseroan Terbatas Pasal 81, 82, dan 83; POJK 15/2020;                       the Company’s Articles of Association.
POJK 14/2025; serta Anggaran Dasar Perseroan.

Proses rencana dan pelaksanaan RUPS Luar Biasa                               The planning and implementation process for the Extraordinary
tersebut telah tertuang dalam surat Perseroan yang                           GMS has been outlined in a letter from the Company that has
telah disampaikan ke Otoritas Jasa Keuangan (OJK),                           been submitted to the Financial Services Authority (OJK), as
publikasi     Pengumuman,        Pemanggilan,   Ringkasan                    well as in the Announcement, Summons, and Summary of the
Risalah RUPS masing-masing dalam Bahasa Indonesia                            GMS Minutes, each in Indonesian and English, on the e-GMS
dan Bahasa Inggris pada situs web penyedia e-RUPS                            provider’s website (https://easy. ksei.co.id), the OJK and IDX
(https://easy.ksei.co.id), situs web pelaporan elektronik                    electronic reporting website (https://spe.ojk.go.id/idxnet),
OJK dan BEI (https://spe.ojk.go.id/idxnet), dan situs web                    and the Company’s website (www.jasamarga.com); as well as
Perseroan (www.jasamarga.com); serta Risalah RUPS yang                       the GMS Minutes that have been submitted to the OJK with
telah disampaikan ke OJK dengan detail sebagai berikut:                      the following details:

Tabel Pemenuhan Kepatuhan Penyelenggaraan RUPS Luar Biasa Tanggal 17 Desember 2025
Table of 2025 Extraordinary GMS Implementation Compliance Fulfillment on December 17, 2025

    Tanggal                                                       Kegiatan                                                       Nomor Surat
     Date                                                          Activity                                                     Letter Number
 31/10/25           Pemberitahuan Rencana Penyelenggaraan RUPS Luar Biasa beserta Mata Acara RUPS Luar Biasa                     AA.KR.01.1273
                    kepada OJK.
                    Notification of the Plan to Hold an Extraordinary General Meeting of Shareholders and the Agenda of the
                    Extraordinary General Meeting of Shareholders to the OJK.

 10/11/25           Pengumuman RUPS Luar Biasa kepada Pemegang Saham.                                                             AB.KR.01.312
                    Announcement of Extraordinary General Meeting of Shareholders to Shareholders.




 25/11/25           Pemberitahuan Perubahan Mata Acara RUPS Luar Biasa kepada OJK.                                                AB.KR.01.327
                    Notification of Changes to the Agenda of the Extraordinary General Meeting of Shareholders to the OJK.

 25/11/25           Pemanggilan RUPS Luar Biasa kepada Pemegang Saham.                                                            AB.KR.01.330
                    Convening of an Extraordinary General Meeting of Shareholders.




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




Tabel Pemenuhan Kepatuhan Penyelenggaraan RUPS Luar Biasa Tanggal 17 Desember 2025
Table of 2025 Extraordinary GMS Implementation Compliance Fulfillment on December 17, 2025

   Tanggal                                                          Kegiatan                                               Nomor Surat
    Date                                                             Activity                                             Letter Number
 18/12/25         Ringkasan Risalah Rapat kepada Pemegang Saham.                                                           AB.KR.01.347
                  Summary of Meeting Minutes to Shareholders.




 09/01/26         Risalah RUPS Luar Biasa kepada OJK.                                                                       AB.KR.01.29
                  Minutes of the Extraordinary General Meeting of Shareholders to the OJK.



Mata Acara Rapat                                                           Meeting Agenda

Mata acara Rapat beserta penjelasannya adalah sebagai                      The agenda items of the Meeting, along with their
berikut:                                                                   explanations, are as follows:
1. Persetujuan Perubahan Anggaran Dasar.                                   1. Approval of Amendments to the Articles of Association.
    Dasar Mata Acara Rapat:                                                   Agenda Basis:
    (i) Pasal 42 POJK 15/2020; (ii) Pasal 94 Undang-Undang                    (i) Article 42 of POJK 15/2020; (ii) Article 94 of Law
    No. 19 Tahun 2003 tentang Badan Usaha Milik Negara                        No. 19 of 2003 on State-Owned Enterprises as last
    sebagaimana terakhir diubah dengan Undang-Undang                          amended by Law No. 16 of 2025 (SOE Law); (iii) Article
    No. 16 Tahun 2025 (“UU BUMN”); (iii) Pasal 25 ayat                        25 paragraph (5) of the Articles of Association; and
    (5) Anggaran Dasar Perseroan; dan (iv) Surat Kepala                       (iv) Letter of the Head of the State-Owned Enterprise
    Badan Pengaturan Badan Usaha Milik Negara (“BP                            Regulatory Agency (BP BUMN) No. S-23/BPU/10/2025
    BUMN”) No. S-23/BPU/10/2025 tanggal 28 Oktober 2025.                      dated October 28, 2025.
2. Pendelegasian Kewenangan Persetujuan Rencana Kerja                      2. Delegation of Authority for Approval of the 2026
    dan Anggaran Perusahaan (RKAP) Tahun 2026 Termasuk                        Company Work Plan and Budget (RKAP) Including
    dengan Perubahannya.                                                      Amendments.
    Dasar Mata Acara Rapat:                                                   Agenda Basis:
    (i) Pasal 15G ayat (5) UU BUMN; (ii) Pasal 4C ayat (3)                    (i) Article 15G paragraph (5) of the SOE Law; (ii) Article
    huruf b UU BUMN; (iii) Pasal 95 ayat (4) Peraturan Menteri                4C paragraph (3) letter b of the SOE Law; (iii) Article 95
    Badan Usaha Milik Negara No. PER-2/MBU/03/2023                            paragraph (4) of the Minister of State-Owned Enterprises
    tentang Pedoman Tata Kelola dan Kegiatan Korporasi                        Regulation No. PER-2/MBU/03/2023 on Guidelines for
    Signifikan Badan Usaha Milik Negara; dan (iv) Surat                       Governance and Significant Corporate Activities of State-
    Kepala BP BUMN No. S-68/BPU/11/2025 tanggal 18                            Owned Enterprises; and (iv) Letter of the Head of BP
    November 2025.                                                            BUMN No. S-68/BPU/11/2025 dated November 18, 2025.
3. Perubahan Susunan Pengurus Perseroan.                                   3. Changes to the Company's Management Structure.
    Dasar Mata Acara Rapat:                                                   Agenda Basis:
    (i) Pasal 11 ayat (10) dan Pasal 14 ayat (12) Anggaran Dasar              (i) Article 11 paragraph (10) and Article 14 paragraph (12)
    Perseroan; (ii) Pasal 15 ayat (1) jo. Pasal 27 ayat (1) UU                of the Articles of Association; (ii) Article 15 paragraph (1)
    BUMN; (iii) POJK No. 33/POJK.04/2014 tentang Direksi                      in conjunction with Article 27 paragraph (1) of the SOE
    dan Dewan Komisaris Emiten atau Perusahaan Publik;                        Law; (iii) POJK No. 33/POJK.04/2014 on the Board of
    (iv) Peraturan Menteri BUMN No. PER-03/MBU/03/2023                        Directors and Board of Commissioners of Issuers or Public
    tentang Organ dan Sumber Daya Manusia Badan Usaha                         Companies; (iv) Minister of SOE Regulation No. PER-03/
    Milik Negara; dan (v) Surat Kepala BP BUMN No. S-68/                      MBU/03/2023 on Organs and Human Resources of State-
    BPU/11/2025 tanggal 18 November 2025.                                     Owned Enterprises; and (v) Letter of the Head of BP BUMN
                                                                              No. S-68/BPU/11/2025 dated November 18, 2025.




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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Mata Acara Rapat dipublikasikan dalam Pemanggilan. Dalam            The Meeting Agenda is published in the Meeting Summons.
Pemanggilan Rapat, selain dipublikasikan Mata Acara Rapat,          In addition to the Meeting Agenda, the Meeting Summons
juga disebutkan informasi terkait penyelenggaraan Rapat di          also contains information related to the conduct of the
antaranya sebagai berikut:                                          Meeting, including the following:
1. Perseroan tidak mengirimkan undangan tersendiri                  1. The Company does not send separate invitations to
    kepada Pemegang Saham karena Pemanggilan ini sudah                  Shareholders because this Meeting Summons is already
    merupakan undangan resmi.                                           an official invitation.
2. Pemegang Saham yang berhak menghadiri dan diwakili               2. Shareholders who are entitled to attend and be
    dalam Rapat secara elektronik adalah para Pemegang                  represented at the Meeting electronically are those
    Saham yang namanya tercatat dalam Daftar Pemegang                   whose names are recorded in the Company's
    Saham Perseroan pada hari Senin, 24 November 2025,                  Shareholder Register on Monday, November 24, 2025,
    pukul 16:15 WIB, atau pemilik saldo rekening efek di                at 16:15 WIB, or owners of securities account balances
    Penitipan Kolektif KSEI pada penutupan perdagangan                  at KSEI Collective Custody at the close of trading on
    saham pada hari Senin, 24 November 2025.                            Monday, November 24, 2025.
3. Perseroan menghimbau Pemegang Saham untuk                        3. The Company urges Shareholders to register their
    melakukan registrasi kehadiran secara elektronik melalui            attendance electronically through the eASY.KSEI facility
    fasilitas eASY.KSEI atau memberikan kuasa kepada Biro               or to grant power of attorney to the Company's Securities
    Administasi Efek (“BAE”) Perseroan yaitu PT Datindo                 Registrar (BAE), PT Datindo Entrycom, through the
    Entrycom melalui fasilitas eASY.KSEI dengan prosedur                eASY.KSEI facility with the following procedure:
    sebagai berikut:
    a. Pemegang Saham harus terlebih dahulu terdaftar                  a. Shareholders must first be registered in the KSEI
        dalam fasilitas Acuan Kepemilikan Sekuritas KSEI                  Securities Ownership Reference facility (AKSes
        (“AKSes KSEI”) pada tautan https://akses.ksei.co.id               KSEI) at the https://akses.ksei.co.id link provided by
        yang disediakan oleh KSEI.                                        KSEI.
    b. Bagi Pemegang Saham yang telah terdaftar, kuasa                 b. For registered Shareholders, the power of attorney
        dapat diberikan dalam eASY.KSEI melalui situs web                 can be granted in eASY.KSEI through the website
        https://easy.ksei.co.id.                                          https://easy.ksei.co.id.
    c. Dalam hal Pemegang Saham tidak dapat mengakses                  c. If Shareholders are unable to access eASY.KSEI,
        eASY.KSEI, Pemegang Saham dapat mengunduh                         they may download the Power of Attorney form from
        Surat Kuasa yang terdapat dalam situs web                         the Company's website, www.jasamarga.com, to
        Perseroan www.jasamarga.com untuk memberikan                      grant power of attorney and cast their votes at the
        kuasa dan suaranya dalam Rapat.                                   Meeting.
    d. Pemegang Saham dapat mendeklarasikan kuasa dan                  d. Shareholders may declare their proxy and vote,
        suaranya, mengubah penunjukan Penerima Kuasa                      change the appointment of Proxy and/or voting
        dan/atau pilihan suara untuk Mata Acara Rapat,                    choice for Meeting Agenda Items, or revoke their
        maupun mencabut kuasa, sejak tanggal Pemanggilan                  proxy, from the date of the Meeting Invitation until
        Rapat hingga selambat-lambatnya 1 (satu) hari kerja               no later than 1 (one) business day before the date of
        sebelum tanggal penyelenggaraan Rapat pada pukul                  the Meeting at 12:00 p.m. WIB.
        12:00 WIB.
4. Proses registrasi bagi Pemegang Saham yang akan hadir            4. The registration process for Shareholders who will
    secara elektronik dalam Rapat melalui eASY.KSEI agar               attend the Meeting electronically through eASY.KSEI
    memperhatikan hal-hal sebagai berikut:                             must pay attention to the following matters:
    a. Pemegang Saham tersebut di bawah ini harus                      a. The following Shareholders must register their
        melakukan registrasi kehadiran secara elektronik                   attendance electronically in eASY.KSEI on the date
        dalam eASY.KSEI pada tanggal pelaksanaan Rapat                     of the Meeting from 08:00 to 10:00 a.m. WIB:
        dari pukul 08:00 WIB s.d. 10:00 WIB:
        i. Pemegang Saham tipe individu lokal yang belum                   i.    Local individual shareholders who have not
             memberikan deklarasi kehadiran atau kuasa                           submitted a declaration of attendance or proxy
             dalam eASY.KSEI hingga batas waktu yang                             in eASY.KSEI by the specified deadline and wish
             ditentukan dan ingin menghadiri Rapat secara                        to attend the Meeting electronically.
             elektronik.
        ii. Pemegang Saham tipe individu lokal yang telah                  ii.  Local individual shareholders who have
             memberikan deklarasi kehadiran, tetapi belum                       submitted their attendance declaration but
             menetapkan pilihan suara minimal untuk 1 (satu)                    have not set a minimum voting option for 1
             Mata Acara Rapat dalam eASY.KSEI hingga batas                      (one) Meeting Agenda Item in eASY.KSEI by
             waktu yang ditentukan dan ingin menghadiri                         the specified deadline and wish to attend the
             Rapat secara elektronik.                                           Meeting electronically.
        iii. Penerima Kuasa dari Pemegang Saham yang                       iii. Proxies of Shareholders who have granted power
             telah memberikan kuasa kepada independent                          of attorney to an independent or individual
             representative atau individual representative,                     representative, but have not yet set a minimum
             tetapi belum menetapkan pilihan suara minimal                      voting option for 1 (one) Meeting Agenda Item in
             untuk 1 (satu) Mata Acara Rapat dalam eASY.KSEI                    eASY.KSEI by the specified deadline.
             hingga batas waktu yang ditentukan.
        iv. Penerima Kuasa dari Pemegang Saham yang                        iv. Proxy Holders of Shareholders who have granted
             telah memberikan kuasa kepada partisipan/                         power of attorney to participants/intermediaries


516                                                                     Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 517
06                                   07                                 08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




             intermediary (bank kustodian atau perusahaan                              (custodian banks or securities companies)
             efek) dan telah menetapkan pilihan suara dalam                            and have determined their voting choices in
             eASY.KSEI hingga batas waktu yang ditentukan.                             eASY.KSEI by the specified deadline.
     b. Pemegang Saham yang telah memberikan deklarasi                         b. Shareholders who have submitted a declaration of
         kehadiran atau kuasa kepada independent                                  attendance or power of attorney to an independent
         representative atau individual representative dan                        or individual representative and have set their voting
         telah menetapkan pilihan suara untuk Mata Acara                          choice for the Meeting Agenda in eASY.KSEI by the
         Rapat dalam eASY.KSEI hingga batas waktu yang                            specified deadline, the person concerned/their Proxy
         ditentukan, maka yang bersangkutan/Penerima                              Holder does not need to register their attendance
         Kuasanya tidak perlu melakukan registrasi kehadiran                      electronically in eASY.KSEI.
         secara elektronik dalam eASY.KSEI.
     c. Keterlambatan atau kegagalan dalam proses                              c. Any delay or failure in the electronic registration
         registrasi secara elektronik dengan alasan apapun                        process for any reason will result in the Shareholder
         akan mengakibatkan Pemegang Saham atau                                   or their Proxy being unable to attend the Meeting
         Penerima Kuasanya tidak dapat menghadiri Rapat                           electronically, and their share ownership will not be
         secara elektronik, serta kepemilikan sahamnya tidak                      counted towards the attendance quorum.
         diperhitungkan sebagai kuorum kehadiran.
5.   Panduan       pendaftaran,     registrasi,  penggunaan               5. Guidelines for registration, use, and further explanations
     dan       penjelasan      lebih      lanjut    mengenai                 regarding eASY.KSEI and AKSes KSEI can be found on
     eASY.KSEI dan AKSes KSEI dapat dilihat di situs                         the KSEI website at https://akses.ksei.co.id and https://
     web KSEI dengan tautan https://akses.ksei.co.id dan                     easy.ksei.co.id, as well as the Meeting Rules on the
     https://easy.ksei.co.id, serta Tata Tertib Rapat di situs               Company's website at www.jasamarga.com.
     web Perseroan www.jasamarga.com.
6.   Notaris dibantu dengan BAE Perseroan, akan melakukan                 6. The notary, assisted by the Company's BAE, will check
     pengecekan dan perhitungan suara dalam pengambilan                      and count the votes in the Meeting's decision-making
     keputusan Rapat atas Mata Acara Rapat, termasuk                         process on the Meeting Agenda, including those based
     yang berdasarkan suara yang telah disampaikan oleh                      on votes submitted by Shareholders either through the
     Pemegang Saham baik melalui fasilitas eASY.KSEI,                        eASY.KSEI facility or submitted at the Meeting.
     maupun yang disampaikan dalam Rapat.
7.   Bahan-bahan yang akan dibicarakan dalam Rapat telah                  7. As of the date of the Summons, the materials to be
     tersedia dan dapat diperoleh di situs web Perseroan                     discussed at the Meeting are available and can be obtained
     www.jasamarga.com sejak tanggal Pemanggilan.                            on the Company's website, www.jasamarga.com.
8.   Perseroan tidak menyediakan makanan dan minuman,                     8. The Company does not provide food and beverages,
     dan cindera mata/tanda terima kasih.                                    souvenirs, or tokens of appreciation.
9.   Perseroan dapat mengumumkan kembali apabila                          9. The Company may make further announcements if there
     terdapat perubahan dan/atau penambahan informasi                        are changes and/or additions to information related to
     terkait tata cara penyelenggaraan Rapat dengan                          the procedures for holding the Meeting regarding the
     mengacu pada ketentuan peraturan dan perundang-                         provisions of applicable laws and regulations.
     undangan yang berlaku.

Kehadiran Dewan Komisaris dan Direksi                                     Board of Commissioners and Board of Directors
                                                                          Attendance

Rapat dihadiri oleh seluruh Direksi dan Dewan Komisaris                   All members of the company’s Board of Directors and Board
Perseroan secara luring dan daring.                                       of Commissioners attended the meeting, both offline and
                                                                          online.



                            Hadir secara luring
                            Offline attendance

 Dewan Komisaris                                                           Direksi
 Board of Commissioners                                                    Board of Directors

                            Komisaris Utama                                                          Direktur Utama
 Juri Ardiantoro                                                           Rivan A. Purwantono
                            President Commissioner                                                   President Director

                            Komisaris Independen                                                     Direktur Keuangan dan Manajemen Risiko
 Nachrowi Ramli                                                            Pramitha Wulanjani
                            Independent Commissioner                                                 Director of Finance and Risk Management

                            Komisaris                                                                Direktur Operasi dan Layanan
 Syamsul Bachri Yusuf                                                      Fitri Wiyanti
                            Commissioner                                                             Director of Operations and Services

                            Komisaris                                                                Direktur Pengembangan Usaha
 Asrorun Ni’am Sholeh                                                      M. Agus Setiawan
                            Commissioner                                                             Director of Business Development

                            Komisaris Independen                                                     Direktur Bisnis
 Rudi Antariksawan                                                         Reza Febriano
                            Independent Commissioner                                                 Director of Business

                                                                                                     Direktur Human Capital dan Transformasi
                                                                           Yoga Tri Anggoro
                                                                                                     Director of Human Capital and Transformation


PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                             517
Page 518
01                                02                          03                       04                                         05
Ikhtisar Kinerja Utama            Laporan Manajemen           Profil Perusahaan         Analisa dan Pembahasan Manajemen           Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report           Company Profile           Management Discussion and Analysis         Business Support Functions




Penyelenggaraan RUPS Luar Biasa didukung oleh pihak                              The Extraordinary GMS was supported by independent
independen dalam hal ini Konsultan Hukum, Notaris, dan                           parties: Legal Consultants, Notaries, and the Securities
Biro Administrasi Efek (BAE).                                                    Administration Agency (BAE).

Pemimpin Rapat                                                                   Chair of the Meeting

Berdasarkan Pasal 24 ayat 1 huruf a Anggaran Dasar                               Based on Article 24 paragraph 1 letter a of the Company's
Perseroan juncto Pasal 37 ayat (1) POJK 15/2020, Rapat                           Articles of Association in conjunction with Article 37
dipimpin oleh salah seorang anggota Dewan Komisaris yang                         paragraph (1) of POJK 15/2020, the Meeting shall be chaired
ditunjuk oleh Dewan Komisaris sebagai Pemimpin Rapat.                            by one of the members of the Board of Commissioners
                                                                                 appointed by the Board of Commissioners as the Chair of
                                                                                 the Meeting.

Pemimpin Rapat bertanggung jawab atas kelancaran jalannya                        The Chair of the Meeting is responsible for the smooth
Rapat dan berhak memutuskan prosedur Rapat yang belum                            running of the Meeting and has the right to decide on Meeting
diatur atau belum cukup diatur dalam tata tertib ini.                            procedures that are not regulated or are insufficiently
                                                                                 regulated in these rules of procedure

Tata Tertib                                                                      Meeting Rules

Tata Tertib Rapat tersedia di situs web Perseroan sejak tanggal                  The Meeting Rules are available on the Company’s website
Pemanggilan Rapat. Untuk memenuhi ketentuan Pasal 39 ayat                        from the date of the Summons. To comply with the provisions
(2) dan (3) POJK 15/2020, pokok-pokok Tata Tertib, yaitu                         of Article 39 paragraphs (2) and (3) of POJK 15/2020,
Tanya Jawab, Pemungutan Suara, dan Penayangan Siaran                             the main points of the Rules, i.e., Questions and Answers,
Langsung Pelaksanaan Rapat dibacakan pada saat Rapat.                            Voting, and Live Broadcast are read out at the Meeting.

Ketentuan Kuorum dan Kehadiran Pemegang                                          Quorum and Shareholder Attendance
Saham                                                                            Requirements

Tabel Ketentuan Kuorum
Table of     uorum Requirements

  Mata Acara                                                                Ketentuan Korum
   Agenda                                                                  Quorum Requirement
        1.          1)   Rapat adalah sah dan berhak mengambil keputusan yang sah dan mengikat, apabila Rapat dihadiri/diwakili oleh Pemegang
                         Saham Seri A Dwiwarna dan para Pemegang Saham lainnya yang bersama-sama mewakili lebih dari 2/3 (dua per tiga) bagian dari
                         jumlah seluruh saham dengan hak suara yang sah yang telah dikeluarkan Perseroan.
                    2)   Secara khusus terhadap perubahan Anggaran Dasar Perseroan yang mencakup perubahan hak-hak istimewa Seri A Dwiwarna,
                         sesuai ketentuan Pasal 25 ayat (7) huruf a Anggaran Dasar Perseroan dan Pasal 45 POJK 15/2020, Rapat adalah sah dan berhak
                         mengambil keputusan yang sah dan mengikat apabila Rapat dihadiri/diwakili oleh Pemegang Saham yang mewakili lebih dari ¾
                         (tiga per empat) bagian dari jumlah seluruh saham pada klasifikasi saham yang terkena dampak atas perubahan hak tersebut,
                         dalam hal ini Pemegang Saham Seri A Dwiwarna.
                    1)   A meeting shall be valid and entitled to adopt valid and binding resolutions if the meeting is attended/represented by the Series
                         A Dwiwarna Shareholder and other Shareholders who collectively represent more than two-thirds (2/3) of the total number of
                         shares with valid voting rights issued by the Company.
                    2)   Specifically with respect to amendments to the Company’s Articles of Association that include changes to the special rights of
                         the Series A Dwiwarna, pursuant to Article 25 paragraph (7) letter a of the Company’s Articles of Association and Article 45 of
                         POJK 15/2020, a meeting shall be valid and entitled to adopt valid and binding resolutions if the meeting is attended/represented
                         by Shareholders representing more than three-quarters (3/4) of the total number of shares in the class of shares affected by
                         such change of rights, in this case the Series A Dwiwarna Shareholder(s).

        2.          Rapat adalah sah dan berhak mengambil keputusan yang sah dan mengikat, apabila Rapat dihadiri/diwakili oleh Pemegang Saham yang
                    mewakili lebih dari ½ (satu per dua) bagian dari jumlah seluruh saham dengan hak suara yang sah yang telah dikeluarkan Perseroan.
                    A meeting shall be valid and entitled to adopt valid and binding resolutions if the meeting is attended/represented by Shareholders
                    representing more than one-half (1/2) of the total number of shares with valid voting rights issued by the Company.

        3.          Rapat adalah sah dan berhak mengambil keputusan yang sah dan mengikat, apabila Rapat dihadiri/diwakili oleh Pemegang Saham
                    Seri A Dwiwarna dan para Pemegang Saham lainnya yang bersama-sama mewakili lebih dari ½ (satu per dua) bagian dari jumlah
                    seluruh saham dengan hak suara yang sah yang telah dikeluarkan Perseroan.
                    A meeting shall be valid and entitled to adopt valid and binding resolutions if the meeting is attended/represented by the Series A
                    Dwiwarna Shareholder and other Shareholders who collectively represent more than one-half (1/2) of the total number of shares with
                    valid voting rights issued by the Company.




518                                                                                   Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 519
06                                07                                 08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Rapat dihadiri oleh para Pemegang Saham Perseroan                      The meeting was attended by the Company’s Shareholders
dan/atau Kuasa/Wakil Pemegang Saham yang seluruhnya                    and/or Proxies/Representatives of Shareholders, representing
mewakili 6.305.125.059 saham termasuk di dalamnya 1                    a total of 6,305, 125,059 shares, including 1 Series A Dual
Saham Seri A Dwiwarna atau merupakan 86,87% suara dari                 Class Share, representing 86.87% of the total number of valid
jumlah seluruh saham dengan hak suara yang sah yang                    voting shares issued by the Company as of the date of the
dikeluarkan Perseroan sampai dengan hari Rapat, yaitu                  Meeting, namely 7,257,871,200 shares consisting of:
sejumlah 7.257.871.200 saham yang terdiri dari:
• 1 Saham Seri A Dwiwarna; dan                                         • 1 Series A Dual Class Share; and
• 7.257.871.199 Saham Seri B                                           • 7,257,871,199 Series B Shares
dengan     memperhatikan    Daftar    Pemegang    Saham                taking into account the List of Shareholders of the
Perseroan per tanggal 24 November 2025 pukul 16:15                     Company as of November 24, 2025 at 16:15 WIB, therefore
WIB, karenanya ketentuan mengenai kuorum kehadiran                     the provisions regarding the quorum for attendance at
dalam Rapat sebagaimana diatur dalam Anggaran Dasar                    the Meeting as stipulated in the Company’s Articles of
Perseroan dan Undang-Undang No. 40 tahun 2007 tentang                  Association and Law No. 40 of 2007 concerning Limited
Perseroan Terbatas sebagaimana terakhir diubah dengan                  Liability Companies as last amended by Law No. 6 of 2023
UU No. 6 Tahun 2023 tentang Penetapan Peraturan                        concerning the Stipulation of Government Regulation in Lieu
Pemerintah Pengganti Undang-Undang No. 2 Tahun                         of Law No. 2 of 2022 concerning Job Creation into Law and
2022 tentang Cipta Kerja menjadi Undang-Undang serta                   Regulations in the Capital Market sector, have been fulfilled.
Peraturan di bidang Pasar Modal, telah terpenuhi.

Tabel Jumlah Saham yang Hadir pada RUPS Luar Biasa 2025 tanggal 17 Desember 2025
Table of Total Shares Attending the 2025 Jasa Marga Extraordinary GMS dated December 17, 2025

                              Jumlah Saham                                                          Persentase (%)
                               Total Shares                                                         Percentage (%)
                              6.305.125.059                                                               86,87


Dengan demikian ketentuan mengenai kuorum kehadiran                    Thus, the provisions regarding the quorum for attendance
dalam Rapat sebagaimana diatur dalam Anggaran Dasar                    at the Meeting as stipulated in the Company’s Articles of
Perseroan dan Undang-Undang No. 40 tahun 2007 tentang                  Association and Law No. 40 of 2007 on Limited Liability
Perseroan Terbatas serta Peraturan di bidang Pasar                     Companies and Regulations in the Capital Market have been
Modal, telah terpenuhi, dan Rapat adalah sah dan dapat                 fulfilled, and the Meeting is valid and can make resolutions
mengambil keputusan keputusan yang sah dan mengikat                    that are valid and binding on the Company’s Shareholders
para Pemegang Saham Perseroan untuk Mata Acara                         for the Meeting Agenda. The number of Shareholders
Rapat. Perhitungan jumlah Pemegang Saham yang hadir                    present or represented at the Meeting by the Notary is only
atau terwakili di dalam Rapat oleh Notaris hanya dilakukan             calculated once, i.e., before the Chair of the Meeting opens
1 (satu) kali, yaitu sebelum Pemimpin Rapat membuka Rapat.             the Meeting.

Tanya Jawab                                                            Q&A Session

Sebelum pengambilan keputusan Mata Acara Rapat, Pemimpin               Prior to decision-making on each Agenda Item of the Meeting,
Rapat akan memberikan kesempatan kepada para Pemegang                  the Chairperson of the Meeting shall provide an opportunity
Saham atau Kuasa Pemegang Saham untuk mengajukan                       for Shareholders or their authorized proxies to raise questions
pertanyaan atau pendapatnya dalam sesi tanya Jawab. Para               or express opinions during the question-and-answer session.
Pemegang Saham atau Kuasanya diberikan kesempatan                      Shareholders or their proxies are given the opportunity to
bertanya atau menyampaikan pendapat untuk paling banyak 3              submit questions or opinions for a maximum of three (3)
(tiga) penanya. Pertanyaan atau pendapat yang dapat diajukan           questioners. Questions or opinions may only be raised on
hanya pada hal yang berkaitan dengan Mata Acara Rapat.                 matters related to the Agenda Item of the Meeting.

Penanya yang hadir secara elektronik dapat menyampaikan                Questioners attending electronically may submit questions
pertanyaan dan/atau pendapat melalui eASY.KSEI melalui                 and/or opinions through eASY.KSEI via the chat feature in the
fitur chat pada kolom “Electronic Options” yang tersedia               “Electronic Options” column available on the e-Meeting Hall
dalam layar e-Meeting Hall di eASY.KSEI. Setiap penanya                screen in eASY.KSEI. Each questioner is required to state the
diharuskan menuliskan nama Pemegang Saham, jumlah                      name of the Shareholder, the number of shares held, as well as
saham yang dimiliki, serta pertanyaan dan/atau pendapatnya.            the questions and/or opinions submitted. For Proxy Holders,
Bagi Penerima Kuasa, penyampaian secara tertulis harus                 written submissions must include the name of the Shareholder
dilengkapi dengan keterangan nama Pemegang Saham dan                   and the number of shares owned, followed by the relevant
besar kepemilikan sahamnya, lalu diikuti dengan pertanyaan             questions and/or opinions. Questions or opinions raised by
dan/atau pendapat terkait. Pertanyaan atau pendapat                    Shareholders or their proxies shall be answered or responded
Pemegang Saham atau Kuasanya, dan akan dijawab atau                    to by the Chairperson of the Meeting or parties appointed by
ditanggapi oleh Pemimpin Rapat atau pihak yang ditunjuk                the Chairperson of the Meeting.
oleh Pemimpin Rapat.




PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                              519
Page 520
01                                02                          03                       04                                         05
Ikhtisar Kinerja Utama            Laporan Manajemen           Profil Perusahaan         Analisa dan Pembahasan Manajemen           Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report           Company Profile           Management Discussion and Analysis         Business Support Functions




Keputusan Rapat dan Pemungutan Suara                                             Meeting Resolution and Voting

Semua keputusan diambil berdasarkan musyawarah untuk                             All decisions are made based on deliberation to reach
mufakat. Dalam hal keputusan berdasarkan musyawarah untuk                        consensus. In the event that a decision based on deliberation
mufakat tidak tercapai, maka pengambilan Keputusan Mata                          to reach consensus cannot be reached, decisions on the
Acara Rapat dilakukan berdasarkan pemungutan suara. Tiap                         agenda items of the Meeting shall be made based on a
pemegang 1 (satu) saham berhak mengeluarkan 1 (satu) suara.                      vote. Each holder of 1 (one) share is entitled to 1 (one) vote.

Sesuai Pasal 48 POJK 15/2020 dan Pasal 25 ayat (11)                              In accordance with Article 48 of POJK 15/2020 and
Anggaran Dasar Perseroan, suara yang dikeluarkan oleh                            Article 25 paragraph (11) of the Company’s Articles of
Pemegang Saham berlaku untuk seluruh saham yang                                  Association, votes cast by Shareholders apply to all
dimilikinya. Untuk itu, Pemegang Saham tidak berhak                              shares owned by them. For this reason, Shareholders are
memberikan kuasa kepada lebih dari seorang kuasa untuk                           not entitled to grant proxy to more than one proxy for a
sebagian dari jumlah saham yang dimilikinya dengan suara                         portion of the shares they own with different votes. This
yang berbeda. Ketentuan tersebut tidak berlaku bagi bank                         provision does not apply to custodian banks or securities
kustodian atau perusahaan efek yang mewakili Pemegang                            companies representing Shareholders in mutual funds.
Saham dalam dana bersama (mutual fund).

Pemungutan suara bagi Pemegang Saham yang hadir                                  Voting for Shareholders who are present electronically
secara elektronik melalui eASY.KSEI (e-Voting), prosesnya                        through    eASY.KSEI    (e-Voting)   takes   place   on
berlangsung di eASY.KSEI pada menu e-Meeting Hall, sub                           eASY.KSEI in the e-Meeting Hall menu, Live Broadcasting
menu Live Broadcasting. Pemegang Saham yang hadir atau                           sub-menu. Shareholders who are present or grant
memberikan kuasa secara elektronik dalam Rapat melalui                           power of attorney electronically at the Meeting through
eASY.KSEI, namun belum menetapkan pilihan suara, memiliki                        eASY.KSEI, but have not yet cast their vote, have the
kesempatan untuk menyampaikan pilihan suaranya selama                            opportunity to cast their vote during the voting period
masa pemungutan suara dibuka melalui layar e-Meeting Hall                        through the e-Meeting Hall screen on eASY.KSEI.
di eASY.KSEI.

Apabila Pemegang Saham tidak memberikan pilihan                                  If a Shareholder does not cast a vote for an Agenda Item
suara untuk Mata Acara Rapat hingga berubahnya status                            until the status of the Meeting changes, the Shareholder
pelaksanaan Rapat, maka Pemegang Saham dianggap                                  is considered to have abstained. The voting time during
abstain. Waktu pemungutan suara selama proses                                    the electronic voting process is the standard time set
pemungutan suara secara elektronik merupakan waktu                               on the eASY.KSEI application. The Company may set a
standar yang ditetapkan pada aplikasi eASY.KSEI. Perseroan                       policy for the time of direct electronic voting for Meeting
dapat menetapkan kebijakan waktu pemungutan suara                                Agenda Items with a maximum time of 5 (five) minutes.
langsung secara elektronik untuk Mata Acara Rapat dengan
waktu maksimum adalah 5 (lima) menit.

Suara abstain dianggap mengeluarkan suara yang sama                              Abstaining votes are considered to be the same as the
dengan suara mayoritas Pemegang Saham dan Kuasa para                             majority vote of the Shareholders and Proxies of the
Pemegang Saham yang mengeluarkan suara.                                          Shareholders who cast their votes.

Tabel Pengambilan Keputusan
Table of Decision Making

  Mata Acara                                                             Pengambilan Keputusan
   Agenda                                                                   Decision Making
        1.          a.   Untuk perubahan Anggaran Dasar Perseroan selain terkait penyesuaian hak-hak istimewa Seri A Dwiwarna, diambil berdasarkan
                         pemungutan suara yang disetujui oleh Pemegang Saham Seri A Dwiwarna dan para Pemegang Saham lainnya yang bersama-
                         sama mewakili lebih dari 2/3 (dua per tiga) bagian dari jumlah seluruh saham dengan hak suara yang sah yang hadir dalam Rapat.
                    b.   Khusus untuk perubahan Pasal 5 Anggaran Dasar Perseroan mengenai penyesuaian hak-hak istimewa Seri A Dwiwarna, sesuai
                         Pasal 45 POJK 15/2020 dan Pasal 25 ayat (7) huruf a Anggaran Dasar Perseroan, diambil berdasarkan pemungutan suara yang
                         disetujui oleh Pemegang Saham yang mewakili lebih dari ¾ (tiga per empat) bagian dari jumlah seluruh saham dengan hak
                         suara yang sah yang hadir dalam Rapat pada klasifikasi saham yang terkena dampak atas perubahan hak tersebut, dalam hal ini
                         Pemegang Saham Seri A Dwiwarna.
                    a.   Amendments to the Company’s Articles of Association other than those relating to adjustments to the special rights of the Series
                         A Dwiwarna shall be adopted by a vote approved by the Series A Dwiwarna Shareholder and other Shareholders who collectively
                         represent more than two-thirds (2/3) of the total number of shares with valid voting rights present at the Meeting.
                    b.   Specifically, amendments to Article 5 of the Company’s Articles of Association concerning adjustments to the special rights of
                         the Series A Dwiwarna, pursuant to Article 45 of POJK 15/2020 and Article 25 paragraph (7) letter a of the Company’s Articles
                         of Association, shall be adopted by a vote approved by Shareholders representing more than three-quarters (3/4) of the total
                         number of shares with valid voting rights present at the Meeting within the class of shares affected by such change of rights, in
                         this case the Series A Dwiwarna Shareholder(s).




520                                                                                   Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 521
06                               07                                      08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




Tabel Pengambilan Keputusan
Table of Decision Making

  Mata Acara                                                        Pengambilan Keputusan
   Agenda                                                              Decision Making
       2.         Keputusan diambil berdasarkan pemungutan suara yang disetujui oleh Pemegang Saham yang mewakili lebih dari ½ (satu per dua)
                  bagian dari jumlah seluruh saham dengan hak suara yang sah yang hadir dalam Rapat.
                  The resolution shall be adopted by a vote approved by Shareholders representing more than one-half (1/2) of the total number of
                  shares with valid voting rights present at the Meeting.

       3.         Keputusan diambil berdasarkan pemungutan suara yang disetujui oleh Pemegang Saham Seri A Dwiwarna dan para Pemegang
                  Saham lainnya yang bersama-sama mewakili lebih dari ½ (satu per dua) bagian dari jumlah seluruh saham dengan hak suara yang
                  sah yang hadir dalam Rapat.
                  The resolution shall be adopted by a vote approved by the Series A Dwiwarna Shareholder and other Shareholders who collectively
                  represent more than one-half (1/2) of the total number of shares with valid voting rights present at the Meeting.



Setelah pemungutan suara, Notaris membacakan hasil                         After the vote, the Notary read the vote results for each
pemungutan suara Mata Acara Rapat.                                         agenda item.

Penayangan Siaran Langsung Pelaksanaan Rapat                               Live Broadcast of Meeting Proceedings

Pemegang Saham yang telah terdaftar di eASY.KSEI                           Shareholders who are registered with eASY.KSEI can
paling lambat hingga batas waktu yang ditentukan dapat                     watch the Meeting via Zoom Webinar by accessing the
menyaksikan jalannya Rapat melalui Webinar Zoom dengan                     eASY.KSEI menu, GMS Broadcast sub-menu on the KSEI
mengakses menu eASY.KSEI, sub menu Tayangan RUPS                           AKSes facility with a capacity of up to 500 (five hundred)
yang berada pada fasilitas AKSes KSEI dengan kapasitas                     participants, determined based on the first-come, first-
hingga 500 (lima ratus) peserta yang ditentukan berdasarkan                served mechanism.
mekanisme first come first served.

Pemegang Saham yang tidak mendapatkan kesempatan                           Shareholders who do not have the opportunity to watch the
menyaksikan Rapat melalui Tayangan RUPS dianggap sah                       Meeting through the GMS Broadcast are considered validly
hadir secara elektronik, serta kepemilikan saham dan pilihan               present electronically, and their share ownership and voting
suaranya diperhitungkan dalam Rapat, sepanjang telah                       rights are taken into account in the Meeting, as long as they
mendeklarasikan kehadirannya dalam eASY.KSEI.                              have declared their presence in eASY.KSEI.

Hasil Voting Keputusan, dan Tindak Lanjut                                  Voting Results, Resolutions, and Follow-up
Keputusan RUPS Luar Biasa                                                  Actions from the Extraordinary GMS

Rapat Perseroan dibuka pada pukul 11:35 WIB dan ditutup                    The Company’s Meeting was opened at 11:35 a.m. WIB and
pada pukul 16:53 WIB. Perseroan telah menunjuk Notaris                     closed at 4:53 p.m. WIB. The Company appointed a Notary
sebagai pihak independen untuk melakukan validasi suara                    as an independent party to validate the votes and to prepare
dan menyusun minuta akta Rapat. Dalam Rapat tersebut                       the minutes of the Meeting. At the Meeting, resolutions were
telah diambil keputusan yaitu sebagaimana dituangkan                       adopted as set forth in the Deed of Minutes of Meeting No.
dalam Akta Berita Acara Rapat No. 32 tanggal 17 Desember                   32 dated December 17, 2025, drawn up by Notary Ir. Nanette
2025, dibuat oleh Notaris Ir. Nanette Cahyanie Handari Adi                 Cahyanie Handari Adi Warsito, S.H., which in essence are as
Warsito, S.H. yang pada pokoknya adalah sebagai berikut:                   follows:




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                          521
Page 522
01                               02                           03                        04                                         05
Ikhtisar Kinerja Utama           Laporan Manajemen            Profil Perusahaan          Analisa dan Pembahasan Manajemen           Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report            Company Profile            Management Discussion and Analysis         Business Support Functions




 Mata Acara Rapat
                          Persetujuan Perubahan Anggaran Dasar
 Pertama
                          Approval of the Amendment to the Company’s Article of Association
 The First Meeting Agenda
 Penanya/Penanggap           Nihil
 Questioners/Responders      None
                                                                                 Dengan Pemungutan Suara
                                                                                       With Voting

                             Setuju                          Tidak Setuju                    Abstain                         Total Suara Setuju
                             Agree                           Disagree                        Abstain                         Total Agree Votes
 Pengambilan Keputusan       1 Saham Seri A Dwiwarna         0                               0                               1 Saham Seri A Dwiwarna
 Decision Making             (100%)                          (0%)                            (0%)                            (100%)

                             Setuju                          Tidak Setuju                    Abstain                         Total Suara Setuju
                             Agree                           Disagree                        Abstain                         Total Agree Votes
                             5.743.802.208                   521.652.499                     39.670.352                      5.783.472.560
                             (91,10%)                        (8,27%)                         (0,63%)                         (91,73%)
                             Dengan demikian, Rapat dengan Suara Terbanyak memutuskan:
                             1. Menyetujui perubahan Anggaran Dasar Perseroan antara lain dalam rangka penyesuaian dengan peraturan perundang-
                                 undangan dan kebijakan, termasuk Undang-undang No. 16 Tahun 2025 tentang Perubahan Keempat atas Undang-
                                 undang No. 19 Tahun 2003 tentang Badan Usaha Milik Negara, termasuk menyetujui perubahan Pasal 5 Anggaran Dasar
                                 Perseroan mengenai penyesuaian hak-hak istimewa atas Saham Seri A Dwiwarna milik Negara Republik Indonesia.
                             2. Menyetujui untuk menyusun kembali seluruh ketentuan dalam Anggaran Dasar Perseroan dalam suatu kodifikasi utuh
                                 sehubungan dengan perubahan sebagaimana dimaksud pada butir 1 keputusan tersebut di atas.
                             3. Memberikan kuasa dan wewenang kepada Direksi Perseroan dengan hak substitusi, untuk melakukan segala tindakan
                                 yang diperlukan berkaitan dengan keputusan Mata Acara Rapat ini, termasuk menyusun dan menyatakan kembali
                                 seluruh Anggaran Dasar Perseroan dalam suatu Akta Notaris, dan memberikan kuasa dengan hak substitusi, untuk
                                 menyampaikan kepada instansi yang berwenang untuk mendapatkan tanda penerimaan pemberitahuan, dan persetujuan
                                 perubahan Anggaran Dasar Perseroan, melakukan segala sesuatu yang dipandang perlu dan berguna untuk keperluan
                                 tersebut, dengan tidak ada satu pun yang dikecualikan, termasuk untuk mengadakan penambahan dan/atau perubahan
                                 dalam perubahan Anggaran Dasar tersebut, jika hal tersebut dipersyaratkan oleh instansi yang berwenang.
 Keputusan Rapat
                             Thus, the Meeting with Majority Votes decided to:
 Meeting Resolutions
                             1. Approve the amendment to the Company’s Articles of Association, among others, for the purpose of compliance with
                                 prevailing laws and regulations and policies, including Law No. 16 of 2025 on the Fourth Amendment to Law No. 19 of
                                 2003 on State-Owned Enterprises including the approval of the amendment to Article 5 of the Company’s Articles of
                                 Association concerning the adjustment of the special rights attached to the Series A Dwiwarna Share owned by the
                                 Government of the Republic of Indonesia.
                             2. Approve the restatement and consolidation of all provisions of the Company’s Articles of Association into a single
                                 comprehensive codification in connection with the amendments as referred to in item 1 of the resolution above.
                             3. Grant power and authority to the Board of Directors of the Company, with the right of substitution, to take all actions
                                 necessary in connection with the resolution of this Agenda Item of the Meeting, including to prepare and restate the entire
                                 Articles of Association of the Company in a Notarial Deed, and to grant power, with the right of substitution, to submit
                                 the same to the competent authorities in order to obtain the receipt of notification and approval of the amendments
                                 to the Company’s Articles of Association, and to take any and all actions deemed necessary and beneficial for such
                                 purposes, without exception, including to make any additions and/or amendments to such amendments to the Articles of
                                 Association, if required by the competent authorities.
                             Akta Pernyataan Keputusan Rapat No. 04 tanggal 09 Januari 2026, dibuat di hadapan Ir. Nanette Cahyanie Handari Adi
                             Warsito, SH, Notaris di Jakarta, berikut Surat Penerimaan Pemberitahuan dari Direktorat Jenderal Administrasi Hukum
                             Umum Kementerian Hukum Republik Indonesia No. AHU-AH.01.03-0013716 tanggal 19 Januari 2026 dan telah didaftar
 Tindak Lanjut/Realisasi     dalam Daftar Perseroan No. AHU-0007721.AH.01.11.Tahun 2026 tanggal 19 Januari 2026.
 Follow-up/Realization       Deed of Statement of Meeting Resolution No. 04 dated January 9, 2026, made before Ir. Nanette Cahyanie Handari Adi
                             Warsito, SH, Notary in Jakarta, along with the Letter of Notification Acceptance from the Directorate General of General
                             Legal Administration, Ministry of Law of the Republic of Indonesia No. AHU-AH.01.03-0013716 dated January 19, 2026 and
                             has been registered in the Company Register No. AHU-0007721.AH.01.11.Year 2026 dated January 19, 2026.


 Mata Acara Rapat Kedua      Pendelegasian Kewenangan Persetujuan Rencana Kerja dan Anggaran Perusahaan (RKAP) Tahun 2026 Termasuk dengan
 The Second Meeting          Perubahannya.
 Agenda                      Delegation of Authority for the Approval of the Company’s Work and Budget Plan (RKAP) 2026, Including Its Amendments.

 Penanya/Penanggap           1 Orang
 Questioners/Responders      1 Person

                                                                                 Dengan Pemungutan Suara
                                                                                       With Voting

 Pengambilan Keputusan       Setuju                          Tidak Setuju                     Abstain                        Total Suara Setuju
 Decision Making             Agree                           Disagree                         Abstain                        Total Agree Votes
                             6.100.639.302                   164.815.405                      39.670.352                     6.140.309.654
                             (96,76%)                        (2,61%)                          (0,62%)                        (97,40%)

                             Memberikan wewenang dan kuasa kepada Dewan Komisaris Perseroan dengan terlebih dahulu mendapatkan persetujuan tertulis
                             dari Pemegang Saham Seri B Terbanyak untuk menyetujui Rencana Kerja dan Anggaran Perusahaan (RKAP) Perseroan Tahun 2026
 Keputusan Rapat             termasuk dengan perubahannya.
 Meeting Resolutions         Grant authority and power to the Company’s Board of Commissioners, subject to prior written approval from the Majority Series
                             B Shareholder, to approve the Company’s Work Plan and Budget (Rencana Kerja dan Anggaran Perusahaan/RKAP) for the 2026
                             financial year, including its amendments.

                             Persetujuan RKAP 2026 Perseroan berdasarkan Surat PT Danantara Asset Management (Persero) No. SR.012/DI-DAM/
                             MDONFS2/2026 tanggal 30 Januari 2026 tentang Persetujuan Rencana Kerja dan Anggaran Perusahaan (RKAP) Tahun 2026 PT Jasa
                             Marga (Persero) Tbk kepada Dewan Komisaris, dan Surat Dewan Komisaris No. DK 10/I/2026 tanggal 30 Januari 2026 tentang
 Tindak Lanjut/Realisasi     Persetujuan Rencana Kerja dan Anggaran Perusahaan (RKAP) Tahun 2026 PT Jasa Marga (Persero) Tbk kepada Perseroan.
 Follow-up/Realization       Approval of the Company’s 2026 Corporate Work Plan and Budget (RKAP) pursuant to Letter No. SR.012/DI-DAM/MDONFS2/2026
                             dated 30 January 2026 regarding the Approval of the 2026 Corporate Work Plan and Budget (RKAP) of PT Jasa Marga (Persero)
                             Tbk to the Board of Commissioners, and the Board of Commissioners’ Letter No. DK 10/I/2026 dated 30 January 2026 regarding the
                             Approval of the 2026 Work Plan and Budget (RKAP) of PT Jasa Marga (Persero) Tbk to the Company.




522                                                                                    Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 523
06                                    07                                      08
Tata Kelola Perusahaan                Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance             Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




Mata Acara Rapat Ketiga
                              Perubahan Susunan Pengurus Perseroan.
The Third Meeting
                              Changes in the Management of Company.
Agenda
Penanya/Penanggap             Nihil
Questioners/Responders        None
                                                                              Dengan Pemungutan Suara
                                                                                    With Voting
Pengambilan Keputusan         Setuju                           Tidak Setuju                  Abstain                          Total Suara Setuju
Decision Making               Agree                            Disagree                      Abstain                          Total Agree Votes
                              6.101.140.507                    164.314.200                   39.670.352                       6.140.810.859
                              (96,76%)                         (2,60%)                       (0,62%)                          (97,39%)
                              Dengan demikian, Rapat dengan Suara Terbanyak memutuskan:
                              1. Mengukuhkan pemberhentian dengan hormat Sdr. Seppalga Ahmad sebagai Komisaris Independen Perseroan, yang
                                 diangkat berdasarkan Keputusan RUPS Luar Biasa Tahun 2023 tanggal 08 Februari 2023, terhitung sejak tanggal 12
                                 November 2025, dengan ucapan terima kasih atas sumbangan tenaga dan pikiran yang diberikan selama menjabat
                                 sebagai Pengurus Perseroan.
                              2. Memberhentikan dengan hormat Sdr. Mohammad Agus Setiawan sebagai Direktur Pengembangan Usaha Perseroan,
                                 yang diangkat berdasarkan Keputusan RUPS Tahunan Tahun Buku 2020 tanggal 27 Mei 2021 jo. RUPS Luar Biasa Tahun
                                 2021 tanggal 22 Desember 2021, terhitung sejak ditutupnya RUPS ini, dengan ucapan terima kasih atas sumbangan
                                 tenaga dan pikiran yang diberikan selama menjabat sebagai Pengurus Perseroan.
                              3. Mengubah nomenklatur jabatan Anggota-anggota Direksi Perseroan sebagai berikut:

                                       No.                         Semula                                                  Menjadi

                                        1)     Direktur Operasi dan Layanan                     Direktur Operasi

                                                                                                Direktur Layanan

                              4.    Mengalihkan penugasan Sdr. Fitri Wiyanti, yang diangkat berdasarkan Keputusan RUPS Tahunan Tahun Buku 2024
                                    tanggal 07 Mei 2024, semula menjabat sebagai Direktur Operasi dan Layanan menjadi Direktur Operasi, dengan masa
                                    jabatan meneruskan sisa masa jabatannya, sesuai dengan Keputusan RUPS pengangkatan yang bersangkutan.
                              5.    Mengangkat nama-nama tersebut di bawah ini sebagai Pengurus Perseroan:
                                    a. Direktur Pengembangan Usaha: Ari Respati
                                    b. Direktur Layanan: Yaya Ruhiya
                                    c. Komisaris Independen: Tedi Kurniawan
                              6.    Masa jabatan anggota-anggota Direksi dan Dewan Komisaris yang diangkat sebagaimana dimaksud pada angka
                                    5, paling lama sampai dengan penutupan RUPS Tahunan ke-5 (lima) sejak ditetapkannya Keputusan ini, dengan
                                    memperhatikan peraturan perundangundangan di bidang Pasar Modal dan tanpa mengurangi hak RUPS untuk
Keputusan Rapat                     memberhentikan sewaktu-waktu.
Meeting Resolutions           7.    Dengan adanya pengukuhan pemberhentian, pemberhentian, perubahan nomenklatur jabatan, pengalihan tugas, dan
                                    pengangkatan Pengurus Perseroan sebagaimana dimaksud pada angka 1, angka 2, angka 3, angka 4, dan angka 5,
                                    maka susunan Pengurus Perseroan menjadi:
                                    a. Direksi
                                          i.   Direktur Utama: Rivan Achmad Purwantoro
                                          ii. Direktur Bisnis: Reza Febriano
                                          iii. Direktur Human Capital dan Transformasi: Yoga Tri Anggoro
                                          iv. Direktur Keuangan dan Manajemen Risiko: Pramitha Wulanjani
                                          v. Direktur Operasi: Fitri Wiyanti
                                          vi. Direktur Layanan: Yaya Ruhiya
                                          vii. Direktur Pengembangan Usaha: Ari Respati
                                    b. Dewan Komisaris
                                          i.   Komisaris Utama: Juri Ardiantoro
                                          ii. Komisaris: Syamsul Bachri Yusuf
                                          iii. Komisaris Independen: Nachrowi Ramli
                                          iv. Komisaris Independen: Tedi Kurniawan
                                          v. Komisaris Independen: Rudi Antariksawan
                                          vi. Komisaris: Asrorun Ni’am Sholeh
                              7.    Anggota-anggota Direksi dan Dewan Komisaris yang diangkat sebagaimana dimaksud pada angka 5 yang masih
                                    menjabat pada jabatan lain yang dilarang oleh peraturan perundang-undangan untuk dirangkap dengan jabatan
                                    Direksi atau Dewan Komisaris Badan Usaha Milik Negara, maka yang bersangkutan harus mengundurkan diri atau
                                    diberhentikan dari jabatan-jabatan tersebut.
                              8.    Memberikan kuasa dengan hak substitusi kepada Direksi Perseroan untuk menyatakan yang diputuskan RUPS ini
                                    dalam bentuk Akta Notaris serta menghadap Notaris atau pejabat yang berwenang, dan melakukan penyesuaian atau
                                    perbaikan-perbaikan yang diperlukan apabila dipersyaratkan oleh pihak yang berwenang untuk keperluan pelaksanaan
                                    isi keputusan Rapat.




PT Jasa Marga (Persero) Tbk        Laporan Tahunan 2025 Annual Report                                                                              523
Page 524
01                               02                           03                       04                                            05
Ikhtisar Kinerja Utama           Laporan Manajemen            Profil Perusahaan         Analisa dan Pembahasan Manajemen              Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report            Company Profile           Management Discussion and Analysis            Business Support Functions




                             Thus, the Meeting with Majority Votes decided to:
                             1. Ratify the honorable dismissal of Mr. Seppalga Ahmad from his position as Independent Commissioner of the Company,
                                who was appointed pursuant to the resolution of the Extraordinary General Meeting of Shareholders of 2023, dated
                                February 8, 2023, effective as of November 12, 2025, with appreciation and gratitude for his dedication, services, and
                                contributions during his tenure as a member of the Company’s Management.
                             2. Honorably dismiss Mr. Mohammad Agus Setiawan from his position as Director of Business Development of the Company,
                                who was appointed pursuant to the resolution of the Annual General Meeting of Shareholders for the 2020 financial year
                                dated May 27, 2021, as amended by the resolution of the Extraordinary General Meeting of Shareholders of 2021 dated
                                December 22, 2021, effective as of the closing of this General Meeting of Shareholders, with appreciation and gratitude
                                for his dedication, services, and contributions during his tenure as a member of the Company’s Management.
                             3. Change the nomenclature of the positions of members of the Company’s Directors as follows:

                                   No.                         Before                                                    After
                                    1)     Director of Operations and Services               Director of Operations
                                                                                             Director of Services

                             4. Reassign Ms. Fitri Wiyanti, who was appointed pursuant to the resolution of the Annual General Meeting of Shareholders
                                for the 2024 financial year dated May 7, 2024, from her former position as Director of Operations and Services to Director
                                of Operations, for the remainder of her term of office, in accordance with the relevant appointment resolution of the
                                General Meeting of Shareholders.
                             5. Appoint the following individuals members of the Company’s Managemen:
                                a. Director of Business Development: Ari Respati
                                b. Director of Operations: Yaya Ruhiya
                                c. Independent Commissioner: Tedi Kurniawan
                             6. The term of office for the members of the Board of Directors and Commissioners appointed as referred to in number 5,
 Keputusan Rapat                must be for a maximum period until the closing of the 5th (fifth) Annual General Meeting of Shareholders following the
 Meeting Resolutions            adoption of this Resolution, with due observance of the laws and regulations in the Capital Market sector and without
                                prejudice to the right of the General Meeting of Shareholders to dismiss at any time.
                             7. As a result of the ratification of dismissal, dismissal, change in job nomenclature, reassignment of duties, and appointment
                                of the Company’s Management as referred to in numbers 1, 2, 3, 4, and 5 above, the composition of the Company’s
                                Management shall be as follows:
                                a. Board of Directors
                                   i. President Director: Rivan Achmad Purwantoro
                                   ii. Director of Business: Reza Febriano
                                   iii. Director of Human Capital and Transformation: Yoga Tri Anggoro
                                   iv. Director of Finance and Risk Management: Pramitha Wulanjani
                                   v. Director of Operations: Fitri Wiyanti
                                   vi. Director of Services: Yaya Ruhiya
                                   vii.Director of Business Development: Ari Respati
                                b. Board of Commissioners
                                   i. President Commissioners: Juri Ardiantoro
                                   ii. Commissioners: Syamsul Bachri Yusuf
                                   iii. Independent Commissioners: Nachrowi Ramli
                                   iv. Independent Commissioners: Tedi Kurniawan
                                   v. Independent Commissioners: Rudi Antariksawan
                                   vi. Commissioners: Asrorun Ni’am Sholeh
                             7. Members of the Board of Directors and Commissioners appointed as referred to in number 5 who still hold other
                                positions prohibited by regulations from being concurrent with the positions of members of the Board of Directors or
                                Commissioners of a State-Owned Enterprise, such person must resign or be dismissed from that position.
                             8. Grant a power of attorney with substitution rights to the Directors of the Company to declare the resolution obtained in
                                this Meeting in the form of a Notary Deed and faces a Notary or authorized official and make necessary adjustments or
                                correction if required by the competent authorities to carry out the Meeting’s resolution.
                             1. Keterbukaan Informasi sesuai ketentuan Pasal 2 Peraturan Otoritas Jasa Keuangan (POJK) No. 31/POJK.04/2015 tentang
                                Keterbukaan Atas Informasi Atau Fakta Material oleh Emiten Atau Perusahaan Publik sebagaimana diubah melalui
                                ketentuan Pasal 52 POJK No. 45 Tahun 2024 tentang Pengembangan dan Penguatan Emiten dan Perusahaan Publik,
                                Perseroan telah menyampaikan perubahan susunan Pengurus Perseroan tersebut kepada OJK dan BEI pada tanggal 18
                                Desember 2025, serta diunggah di situs web Perseroan www.jasamarga.com.
                             2. Program Pengenalan Pengurus Baru bagi Direksi dan Dewan Komisaris pada tanggal 24 dan 30 Desember 2025.
                             3. Akta Pernyataan Keputusan Rapat No. 47 tanggal 24 Desember 2025, dibuat di hadapan Ir. Nanette Cahyanie Handari
                                Adi Warsito, SH, Notaris di Jakarta, berikut Surat Penerimaan Pemberitahuan dari Direktorat Jenderal Administrasi Hukum
                                Umum Kementerian Hukum Republik Indonesia No. AHU-AH.01.09-0032694 tanggal 21 Januari 2026 dan telah didaftar
                                dalam Daftar Perseroan No. AHU-0022569.AH.01.11.TAHUN 2026 tanggal 21 Januari 2026.
 Tindak Lanjut/Realisasi     1. Disclosure of Information in accordance with the provisions of Article 2 of Financial Services Authority Regulation (POJK)
 Follow-up/Realization          No. 31/POJK.04/2015 concerning Disclosure of Material Information or Facts by Issuers or Public Companies as amended
                                by the provisions of Article 52 of POJK No. 45 of 2024 concerning the Development and Strengthening of Issuers and
                                Public Companies, the Company has submitted the changes to the composition of the Company's Management to the
                                OJK and IDX on December 18, 2025, and uploaded them on the Company's website www.jasamarga.com.
                             2. New Management Introduction Programme for the Board of Directors and Board of Commissioners on December 24 and
                                30, 2025.
                             3. Deed of Statement of Meeting Resolutions No. 47 dated December 24, 2025, drawn up before Ir. Nanette Cahyanie
                                Handari Adi Warsito, S.H., a Notary in Jakarta, together with the Letter of Receipt of Notification from the Directorate
                                General of General Legal Administration of the Ministry of Law of the Republic of Indonesia No. AHU-AH.01.09-0032694
                                dated January 21, 2026, and duly recorded in the Company Register under No. AHU-0022569.AH.01.11.TAHUN 2026
                                dated January 21, 2026.


Tindak Lanjut Keputusan RUPS Tahun 2024                                          Follow-up to the 2024 GMS Resolutions

Pada tahun 2024, Jasa Marga menyelenggarakan 1 (satu) kali                       In 2024, Jasa Marga held 1 (one) Annual GMS on May 8,
RUPS Tahunan tanggal 8 Mei 2024 dan 1 (satu) kali RUPS Luar                      2024, and 1 (one) Extraordinary GMS on September 18,
Biasa pada tanggal 18 September 2024. Seluruh keputusan                          2024. All resolutions from these meetings have been fully
dari rapat tersebut telah ditindaklanjuti seluruhnya.                            implemented.


524                                                                                   Laporan Tahunan 2025 Annual Report         PT Jasa Marga (Persero) Tbk
Page 525
06                                    07                                      08
Tata Kelola Perusahaan                Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance             Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




RUPS Tahunan 2024 tanggal 8 Mei 2024                                            2024 Annual GMS on May 8, 2024

Hasil Keputusan dan Tindak Lanjut RUPS Tahunan Tahun 2024
Resolutions and Follow-up to 2024 Annual GMS

                              Persetujuan Laporan Tahunan dan Pengesahan Laporan Keuangan Konsolidasian Perseroan, Persetujuan Laporan Tugas
                              Pengawasan Dewan Komisaris serta Pengesahan Laporan Keuangan Program Pendanaan Usaha Mikro dan Usaha Kecil
                              (PUMK) yang Berakhir pada Tanggal 31 Desember 2023, sekaligus Pemberian Pelunasan dan Pembebasan Tanggung
                              Jawab Sepenuhnya (volledig acquit et de charge) kepada Direksi atas Tindakan Pengurusan Perseroan dan Dewan
 Mata Acara Rapat
                              Komisaris atas Tindakan Pengawasan Perseroan yang Telah Dijalankan Selama Tahun Buku 2023.
 Pertama
                              Approval of the Company’s Annual Report and Ratification of the Company’s Consolidated Financial Statements, Approval
 First Meeting Agenda
                              of the Board of Commissioners Supervisory Report, along with Approval of the Financial Statements of Micro and Small
                              Businesses Funding Program for the year ended on December 31, 2023, as well as the Granting of Full Release and
                              Discharge of Liability (volledig acquit et de charge) to the Board of Directors for the Actions of Managing the Company and
                              to the Board of Commissioners for the Actions of Supervising the Company, Carried out in the 2023 Fiscal Year.

 Penanya/Penanggap            Nihil
 Questioners/Responders       None

                                                                              Dengan Pemungutan Suara
                                                                                    With Voting
 Pengambilan Keputusan        Setuju                           Tidak Setuju                   Abstain                       Total Suara Setuju
 Decision Making              Agree                            Disagree                       Abstain                       Total Agree Votes
                              6.293.419.085                    564.326                        53.873.075                    6.347.292.160
                              (99,14%)                         (0,01%)                        (0,85%)                       (99,99%)

                              Rapat dengan Suara Terbanyak memutuskan:
                              1. Menyetujui Laporan Tahunan Perseroan termasuk Laporan Tugas Pengawasan Dewan Komisaris untuk Tahun Buku
                                  2023, Laporan Pelaksanaan Program Tanggung Jawab Sosial dan Lingkungan, serta mengesahkan Laporan Keuangan
                                  Konsolidasian Perseroan Tahun Buku 2023, yang telah diaudit oleh Kantor Akuntan Publik (KAP) Amir Abadi Jusuf,
                                  Aryanto, Mawar & Rekan (Anggota Jaringan Global RSM) sesuai laporannya No. 00068/2.1030/AU.1/06/0645-2/1/
                                  II/2024 tanggal 29 Februari 2024 dengan pendapat “laporan keuangan konsolidasian terlampir menyajikan secara
                                  wajar dalam semua hal yang material, posisi keuangan konsolidasian Kelompok Usaha tanggal 31 Desember 2023,
                                  serta kinerja keuangan konsolidasian dan arus kas konsolidasiannya untuk tahun yang berakhir pada tanggal tersebut,
                                  sesuai dengan Standar Akuntansi Keuangan di Indonesia”, serta memberikan pelunasan dan pembebasan tanggung
                                  jawab (volledig acquit et de charge) kepada Direksi atas Tindakan Pengurusan Perseroan dan Dewan Komisaris atas
                                  Tindakan Pengawasan Perseroan yang telah dijalankan dalam Tahun Buku yang berakhir pada tanggal 31 Desember
                                  2023 sepanjang tindakan tersebut bukan merupakan tindak pidana dan/atau melanggar ketentuan perundang-
                                  undangan dan prosedur hukum yang berlaku, tercermin dalam buku-buku laporan Perseroan, dan tidak menimbulkan
                                  kerugian bagi Perseroan dan entitas anak.
                              2. Mengesahkan Laporan Keuangan Program Pendanaan Usaha Mikro dan Usaha Kecil Tahun Buku 2023 yang berakhir
                                  pada tanggal 31 Desember 2023 yang menjadi bagian dari Laporan Tanggung Jawab Sosial dan Lingkungan
                                  sebagaimana yang telah diaudit oleh KAP Amir Abadi Jusuf, Aryanto, Mawar & Rekan (Anggota Jaringan Global RSM)
                                  sesuai laporannya No. 0098/2.1030/AU.2/12/0645-2/0/II/2024 tanggal 29 Februari 2024 dengan pendapat “laporan
                                  keuangan terlampir menyajikan secara wajar, dalam semua hal yang material, posisi keuangan Program Pendanaan
                                  Usaha Mikro dan Usaha Kecil (dahulu Program Kemitraan dan Bina Lingkungan) PT Jasa Marga (Persero) Tbk tanggal
                                  31 Desember 2023, serta aktivitas dan arus kasnya untuk tahun yang berakhir pada tanggal tersebut, sesuai dengan
                                  Standar Akuntansi Keuangan Entitas Tanpa Akuntabilitas Publik”, serta memberikan pelunasan dan pembebasan
                                  tanggung jawab (volledig acquit et de charge) kepada Direksi atas Tindakan Pengurusan Program Pendanaan Usaha
                                  Mikro dan Usaha Kecil dan Dewan Komisaris atas Tindakan Pengawasan Program Pendanaan Usaha Mikro dan Usaha
                                  Kecil yang berakhir pada tanggal 31 Desember 2023 sepanjang tindakan tersebut bukan merupakan tindak pidana
                                  dan/atau melanggar ketentuan perundang-undangan dan prosedur hukum yang berlaku, dan tercermin dalam buku-
 Keputusan Rapat
                                  buku laporan Perseroan.
 Meeting Resolution
                              The Majority Votes decided to:
                              1. Approve the Annual Report of the Company including the Supervision Duty Implementation Report of the Board of
                                  Commissioner for the 2023 Fiscal Year, and ratify the Consolidated Financial Statements of the Company that ended
                                  on December 31, 2023 that has been audited by Public Accounting Firm Amir Abadi Jusuf, Aryanto, Mawar & Partners
                                  (Member of the RSM Network) as stated in its report No. 00068/2.1030/AU.1/06/0645-2/1/II/2024 dated February 29,
                                  2024 with the opinion that “the attached consolidated financial statements present fairly, in all material respects, the
                                  consolidated financial position of the Group as of December 31, 2023 and their consolidated financial performance
                                  and cash flows for the year ended on that date, in accordance with Indonesia Financial Accounting Standards”, and
                                  grant full release and discharge of liability (volledig acquit et de charge) to the members of the Board of Directors
                                  for the management of the Company and to all members of the Board of Commissioners for the supervision of the
                                  Company that have been carried out during the Fiscal Year ended on December 31, 2023, to the extent that such
                                  actions do not constitute a criminal offense and/or violates applicable statutory provisions and legal procedures,
                                  have been reflected in the Company’s report books, and does not cause losses to the Company and its subsidiaries.
                              2. Accept the Annual Report on the Implementation of the Micro and Small Enterprises Funding Program, which ended
                                  on December 31, 2023 which is part of the Social Environmental Responsibility Report and was audited by Public
                                  Accounting Firm Amir Abadi Jusuf, Aryanto, Mawar & Partners (Member of the RSM Network) as stated in its report
                                  No. 0098/2.1030/AU.2/12/0645-2/0/II/2024 dated February 29, 2024 with the opinion that “the attached financial
                                  statement present fairly, in all material respect, the financial position of the Micro and Small Enterprises Funding
                                  Program (formerly, the Partnership and Community Development Program) of PT Jasa Marga (Persero) Tbk dated
                                  December 31, 2023, as well as all activities and cash flows for the year ended therein, in accordance with Entity’s
                                  Financial Accounting Standard Without Public Accountability” and grant full release and discharge of liability (volledig
                                  acquit et de charge) to the members of the Board of Directors for the management of the Micro and Small Business
                                  Funding Program and to all members of the Board of Commissioners for the supervision of the Micro and Small
                                  Business Funding Program that have been carried out ended on December 31, 2023, to the extent that such actions
                                  do not constitute a criminal offense and/or violates applicable statutory provisions and legal procedures, have been
                                  reflected in the Company’s report books.
 Tindak Lanjut/Realisasi
                              -
 Follow-up/Realization




PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                              525
Page 526
01                            02                        03                       04                                       05
Ikhtisar Kinerja Utama        Laporan Manajemen         Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights    Management Report         Company Profile           Management Discussion and Analysis       Business Support Functions




Hasil Keputusan dan Tindak Lanjut RUPS Tahunan Tahun 2024
Resolutions and Follow-up to 2024 Annual GMS


 Mata Acara Rapat Kedua      Penetapan Penggunaan Laba Bersih Perseroan Tahun Buku 2023.
 Second Meeting Agenda       Determination of the Use of the Company’s Net Profit for the Fiscal Year 2023.



 Penanya/Penanggap           Nihil
 Questioners/Responders      None

                                                                           Dengan Pemungutan Suara
                                                                                 With Voting
 Pengambilan Keputusan       Setuju                       Tidak Setuju                  Abstain                       Total Suara Setuju
 Decision Making             Agree                        Disagree                      Abstain                       Total Agree Votes
                             6.290.357.985                841.826                       56.656.675                    6.347.014.660
                             (99,09%)                     (0,01%)                       (0,89%)                       (99,98%)

                             Rapat dengan Suara Terbanyak memutuskan:
                             1. Menetapkan penggunaan Laba Bersih Atribusi Pemilik Entitas Induk Perseroan Tahun Buku 2023 sebesar
                                 Rp6.793.551.210.505,- (enam triliun, tujuh ratus sembilan puluh tiga miliar, lima ratus lima puluh satu juta,
                                 dua ratus sepuluh ribu, lima ratus lima Rupiah) sebagai berikut:
                                 a. Sebesar 4% atau Rp274.808.657.437,- (dua ratus tujuh puluh empat miliar, delapan ratus delapan juta,
                                      enam ratus lima puluh tujuh ribu, empat ratus tiga puluh tujuh Rupiah) ditetapkan sebagai dividen tunai,
                                      sehingga dividen bagian Negara RI atas kepemilikan 70% saham adalah sebesar Rp192.366.060.206,-
                                      (seratus sembilan puluh dua miliar, tiga ratus enam puluh enam juta, enam puluh ribu, dua ratus enam
                                      Rupiah).
                                 b. Sebesar 96% atau Rp6.518.742.553.068,- (enam triliun, lima ratus delapan belas miliar, tujuh ratus
                                      empat puluh dua juta, lima ratus lima puluh tiga ribu, enam puluh delapan Rupiah) sebagai cadangan.
                             2. Memberikan wewenang dan kuasa kepada Direksi Perseroan dengan hak substitusi untuk mengatur lebih
                                 lanjut mengenai tata cara dan pelaksanaan pembagian dividen tunai tersebut sesuai dengan ketentuan
 Keputusan Rapat                 yang berlaku, termasuk melakukan pembulatan ke atas untuk pembayaran dividen per saham.
 Meeting Resolution          The Majority Votes decided to:
                             1. Determining the utilization of the Net Profit Attributed to Owners of the Parent Entity for the 2023 Fiscal
                                 Year, amounting to Rp6,793,551,210,505 (six trillion, seven hundred ninety-three billion, five hundred fifty-
                                 one million, two hundred ten thousand, five hundred five Rupiah) as follows:
                                 a. 4% or Rp274,808,657,437 (five hundred forty-nine billion, three hundred seventy-six million, eight
                                      hundred fourteen thousand, four hundred sixty-six Rupiah) is determined as cash dividend; therefore,
                                      the Republic of Indonesia's portion of dividends for the ownership of 70% of the shares amounting
                                      to Rp192,366,060,206 (one hundred and ninety-two billion, three hundred and sixty-six million, sixty
                                      thousand, two hundred and six Rupiah).
                                 b. 96% or Rp6,518,742,553,068 (six trillion, five hundred eighteen billion, seven hundred forty-two million,
                                      five hundred fifty-three thousand, sixty-eight Rupiah) as reserves.
                             2. Grant authority and powers to the Board of Directors with the right of substitution to further stipulate
                                 the procedures and implementation of the distribution of cash dividends in accordance with prevailing
                                 regulations, including rounding up for payment of dividends per share.

                             1.   Tata Cara Pembayaran Dividen Tunai Tahun Buku 2023 dipublikasikan pada Ringkasan Risalah Keputusan
                                  RUPS Tahunan dalam Bahasa Indonesia dan Bahasa Inggris melalui situs web Bursa Efek Indonesia dan
                                  Otoritas Jasa Keuangan https://spe.ojk.go.id/idxnet/, situs web penyedia e-RUPS https://easy.ksei.co.id/,
                                  dan situs web Perseroan www.jasamarga.com pada tanggal 13 Mei 2024.
 Tindak Lanjut/Realisasi     2.   Pembayaran dividen tahun buku 2023 pada tanggal 07 Juni 2024.
 Follow-up/Realization       1.   The Procedures for Payment of Cash Dividends for the 2023 Fiscal Year are published in the Annual GMS
                                  Minutes Summary in Indonesian and English through the Indonesian Stock Exchange and Financial Services
                                  Authority websites https://spe.ojk.go.id/idxnet/, the e-GMS provider website https://easy. ksei.co.id/, and
                                  the Company's website www.jasamarga.com on May 13, 2024.
                             2.   Dividend payment for the 2023 financial year was made on June 7, 2024.




526                                                                              Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 527
06                               07                                        08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Hasil Keputusan dan Tindak Lanjut RUPS Tahunan Tahun 2024
Resolutions and Follow-up to 2024 Annual GMS

                              Penunjukan Kantor Akuntan Publik untuk Mengaudit Laporan Keuangan Konsolidasian Perseroan Tahun Buku
 Mata Acara Rapat Ketiga      2024 dan Laporan Keuangan Program Pendanaan Usaha Mikro dan Usaha Kecil (PUMK) Tahun Buku 2024.
 Third Meeting Agenda         Appointment of Public Accounting Firm to Audit the Company’s Consolidated Financial Statements for Fiscal
                              Year 2024 and the Financial Statements of Micro and Small Businesses Funding Program for Fiscal Year 2024.

 Penanya/Penanggap            Nihil
 Questioners/Responders       None

                                                                           Dengan Pemungutan Suara
                                                                                 With Voting
 Pengambilan Keputusan        Setuju                        Tidak Setuju                    Abstain                     Total Suara Setuju
 Decision Making              Agree                         Disagree                        Abstain                     Total Agree Votes
                              5.996.581.995                 299.167.816                     52.106.675                  6.048.688.670
                              (94,46%)                      (4,71%)                         (0,82%)                     (95,28%)

                              Rapat dengan Suara Terbanyak memutuskan:
                              1. Menunjuk Kantor Akuntan Publik (KAP) Amir Abadi Jusuf, Aryanto, Mawar & Rekan (Anggota Jaringan
                                  Global RSM) untuk melakukan audit atas Laporan Keuangan Konsolidasian Perseroan Tahun Buku 2024 dan
                                  Laporan Pelaksanaan Program Tanggung Jawab Sosial dan Lingkungan, serta Laporan Keuangan Program
                                  Pendanaan Usaha Mikro dan Usaha Kecil (PUMK) periode Tahun Buku 2024.
                              2. Memberikan pelimpahan kewenangan kepada Dewan Komisaris Perseroan untuk menetapkan besaran
                                  imbalan jasa audit, penambahan/penyesuaian ruang lingkup lainnya sebagaimana keputusan tersebut
                                  di atas, termasuk penetapan Akuntan Publik, dan persyaratan penunjukan lainnya yang wajar bagi KAP
                                  tersebut.
                              3. Memberikan wewenang dan kuasa kepada Dewan Komisaris dengan terlebih dahulu mendapatkan
                                  persetujuan tertulis Pemegang Saham Seri A Dwiwarna untuk menetapkan KAP pengganti dalam hal KAP
                                  Amir Abadi Jusuf, Aryanto, Mawar & Rekan (Anggota Jaringan Global RSM) karena sebab apapun tidak
                                  dapat menyelesaikan audit atas Laporan Keuangan Konsolidasian Perseroan dan Laporan Pelaksanaan
                                  Program Tanggung Jawab Sosial dan Lingkungan, serta Laporan Keuangan Program Pendanaan Usaha
                                  Mikro dan Usaha Kecil (PUMK) untuk Tahun Buku 2024, termasuk menetapkan besaran imbalan jasa audit
 Keputusan Rapat                  dan persyaratan lainnya bagi KAP Pengganti tersebut.
 Meeting Resolution           The Majority Votes decided to:
                              1. Approve the appointment of the Amir Abadi Jusuf, Aryanto, Mawar & Partners (Member of the RSM
                                  Network) Public Accounting Firm to audit the Company’s Consolidated Financial Statements and other
                                  periods in the 2024 Fiscal Year, and the Financial Statements of the Company’s Micro and Small Business
                                  Funding Program for the 2024 Fiscal Year.
                              2. Grant the delegation of authority to the Company’s Board of Commissioners in determining the amount of
                                  compensation for audit services, additions/adjustments to other scopes of work as stated in the resolution
                                  above, including the determination of a Public Accountant, and other reasonable requirements for such
                                  KAP.
                              3. Granting authority and power to the Board of Commissioners, with prior written approval from Series A
                                  Dwiwarna Shareholders, to appoint a replacement KAP in the event that KAP Amir Abadi Jusuf, Aryanto,
                                  Mawar & Partners (a member of the RSM Global Network) is unable, for any reason, to complete the audit of
                                  the Company's Consolidated Financial Statements and the Report on the Implementation of the Social and
                                  Environmental Responsibility Program, as well as the Financial Statements of the Micro and Small Business
                                  Funding Program (PUMK) for the 2024 Fiscal Year, including determining the amount of audit fees and
                                  other requirements for the replacement KAP.

                              KAP Amir Abadi Jusuf, Aryanto, Mawar & Rekan (RSM Indonesia) melakukan pekerjaan dalam lingkup audit yang
 Tindak Lanjut/Realisasi      telah ditetapkan.
 Follow-up/Realization        KAP Amir Abadi Jusuf, Aryanto, Mawar & Partners (RSM Indonesia) performed work within the scope of the
                              audit as defined.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                             527
Page 528
01                            02                        03                       04                                       05
Ikhtisar Kinerja Utama        Laporan Manajemen         Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights    Management Report         Company Profile           Management Discussion and Analysis       Business Support Functions




Hasil Keputusan dan Tindak Lanjut RUPS Tahunan Tahun 2024
Resolutions and Follow-up to 2024 Annual GMS

                             Penetapan Gaji/Honorarium berikut Fasilitas dan Tunjangan untuk Direksi dan Dewan Komisaris Perseroan
                             Tahun Buku 2024, serta Tantiem/Insentif Kinerja/Insentif Khusus untuk Direksi dan Dewan Komisaris Perseroan
 Mata Acara Rapat
                             atas Kinerja Tahun Buku 2023.
 Keempat
                             Determination of Salary/Honorarium along with Facilities and Benefits for Members of the Directors and Board
 Fourth Meeting Agenda
                             of Commissioners of the Company for the 2024 Fiscal Year, and Bonus/Work Incentive/Special Incentive for the
                             Directors and Board of Commissioners of the Company for the Performance of the 2023 Fiscal Year.

 Penanya/Penanggap           Nihil
 Questioners/Responders      None

                                                                           Dengan Pemungutan Suara
                                                                                 With Voting
 Pengambilan Keputusan       Setuju                       Tidak Setuju                  Abstain                       Total Suara Setuju
 Decision Making             Agree                        Disagree                      Abstain                       Total Agree Votes
                             6.131.315.291                159.884.520                   56.656.675                    6.187.971.966
                             (96,58%)                     (2,51%)                       (0,89%)                       (97,48%)

                             Rapat dengan Suara Terbanyak memutuskan:
                             1. Memberikan wewenang dan kuasa kepada Pemegang Saham Seri A Dwiwarna untuk menetapkan besarnya
                                 tantiem/insentif kinerja/insentif khusus untuk Tahun Buku 2023, serta menetapkan honorarium, tunjangan
                                 dan fasilitas bagi anggota Dewan Komisaris untuk tahun 2024.
                             2. Memberikan wewenang dan kuasa kepada Dewan Komisaris dengan terlebih dahulu mendapatkan
                                 persetujuan tertulis dari Pemegang Saham Seri A Dwiwarna untuk menetapkan besarnya tantiem/insentif
                                 kinerja/insentif khusus untuk Tahun Buku 2023, serta menetapkan gaji, tunjangan, dan fasilitas bagi Direksi
 Keputusan Rapat                 untuk Tahun 2024.
 Meeting Resolution          The Majority Votes decided to:
                             1. Grant authority and powers to Series A Dwiwarna Shareholder to determine the amount of bonus/work
                                 incentive/special incentive for the 2023 Fiscal Year and to determine honorarium, benefits, and facilities for
                                 members of the Board of Commissioners for the year 2024.
                             2. Grant authority and powers to the Board of Commissioners by obtaining prior written approval from the
                                 Series A Dwiwarna Shareholder, to determine the amount of bonus/work incentive/special incentive for the
                                 2023 Fiscal Year, and to determine the salaries, benefits, and facilities for the Board of Directors for the
                                 year 2024.

                             1.   Memperhatikan Keputusan RUPS Tahunan Jasa Marga tahun buku 2023 yang dilaksanakan tanggal 08 Mei
                                  2024 serta berdasarkan surat Kementerian Badan Usaha Milik Negara No. SR-293/Wk.MBU.10/08/2024
                                  tanggal 23 Agustus 2024, Pemegang Saham Seri A Dwiwarna menetapkan tantiem/insentif kinerja/insentif
                                  khusus untuk Tahun Buku 2023 bagi Direksi dan Dewan Komisaris.
                             2.   Honorarium, tunjangan, dan fasilitas untuk tahun 2024 bagi anggota Dewan Komisaris; serta gaji, tunjangan,
                                  dan fasilitas untuk tahun 2024 bagi Direksi.
 Tindak Lanjut/Realisasi
                             1.   Taking into account the resolution of the Annual GMS of Jasa Marga for the 2023 fiscal year held on
 Follow-up/Realization
                                  May 8, 2024, and based on the letter from the Ministry of State-Owned Enterprises No. SR-293/
                                  Wk.MBU.10/08/2024 dated August 23, 2024, the Series A Dwiwarna Shareholders have determined
                                  the performance-based bonuses/incentives/special incentives for the 2023 fiscal year for the Board of
                                  Directors and Board of Commissioners.
                             2.   honoraria, allowances, and facilities for 2024 for members of the Board of Commissioners; and salaries,
                                  allowances, and facilities for 2024 for the Board of Directors.




528                                                                              Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 529
06                                07                                        08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Hasil Keputusan dan Tindak Lanjut RUPS Tahunan Tahun 2024
Resolutions and Follow-up to 2024 Annual GMS

 Mata Acara Rapat Kelima      Perubahan Susunan Pengurus Perseroan.
 Fifth Meeting agenda         Changes in the Company's Management.

 Penanya/Penanggap            Nihil
 Questioners/Responders       None

                                                                            Dengan Pemungutan Suara
                                                                                  With Voting
 Pengambilan Keputusan        Setuju                         Tidak Setuju                    Abstain                     Total Suara Setuju
 Decision Making              Agree                          Disagree                        Abstain                     Total Agree Votes
                              5.476.115.024                  819.634.787                     52.106.675                  5.528.221.699
                              (86,26%)                       (12,91%)                        (0,82%)                     (87,08%)

                              Rapat dengan Suara Terbanyak memutuskan:
                              Tidak ada perubahan Pengurus, sehingga susunan Pengurus Perseroan sebagai berikut:
                              • Dewan Komisaris
                              • Komisaris Utama: Mohammad Zainal Fatah
                              • Komisaris Independen: Chandra Wijaya
                              • Komisaris: Seppalga Ahmad
                              • Komisaris Independen: Marsetio
                              • Komisaris Independen: Abdul Rachman
                              • Komisaris: M. Roskanedi
                              • Komisaris: Raja Erizman

                              Direksi
                              • Direktur Utama: Subakti Syukur
                              • Direktur Operasi: Fitri Wiyanti
                              • Direktur Keuangan dan Manajemen Risiko: Pramitha Wulanjani
                              • Direktur Pengembangan Usaha: Mohamad Agus Setiawan
                              • Direktur Bisnis: Reza Febriano
                              • Direktur Human Capital dan Transformasi: Bagus Cahya Arinta B.
 Keputusan Rapat
 Meeting Resolution
                              The Majority Votes decided:
                              There are no changes to the Management, so the composition of the Company's Management is as follows:
                              • Board of Commissioners
                              • President Commissioner: Mohammad Zainal Fatah
                              • Independent Commissioner: Chandra Wijaya
                              • Independent Commissioner: Seppalga Ahmad
                              • Independent Commissioner: Marsetio
                              • Independent Commissioner: Abdul Rachman
                              • Commissioner: M. Roskanedi
                              • Commissioner: Raja Erizman

                              Board of Directors
                              • President Director: Subakti Syukur
                              • Director of Operations: Fitri Wiyanti
                              • Director of Finance and Risk Management: Pramitha Wulanjani
                              • Director of Business Development: Mohamad Agus Setiawan
                              • Director of Business: Reza Febriano
                              • Director of Human Capital and Transformation: Bagus Cahya Arinta B.
 Tindak Lanjut/Realisasi
                              -
 Follow-up/Realization




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                              529
Page 530
01                            02                       03                       04                                       05
Ikhtisar Kinerja Utama        Laporan Manajemen        Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights    Management Report        Company Profile           Management Discussion and Analysis       Business Support Functions




RUPS Luar Biasa 2024 tanggal 18 September 2024                             2024 Extraordinary GMS on September 18, 2024

Hasil Keputusan dan Tindak Lanjut RUPS Luar Biasa Tahun 2024
Resolutions and Follow-up to 2024 Extraordinary GMS

 Mata Acara Rapat            Persetujuan Aksi Korporasi Pendanaan Berbasis Ekuitas (Equity Financing) di PT Jasamarga Transjawa Tol.
 Meeting Agenda              Approval of Corporate Action for Equity Financing at PT Jasamarga Transjawa Tol.

 Penanya/Penanggap           Nihil
 Questioners/Responders      None

                                                                          Dengan Pemungutan Suara
                                                                                With Voting
 Pengambilan Keputusan       Setuju                      Tidak Setuju                  Abstain                       Total Suara Setuju
 Decision Making             Agree                       Disagree                      Abstain                       Total Agree Votes
                             5.872.953.712               603.048.984                   40.700.133                    5.913.653.845
                             (90,75%)                    (9,25%)                       (0,62%)                       (90,75%)

                             Rapat dengan Suara Terbanyak memutuskan:
                             Menyetujui:
                             1. Pelepasan atau pengalihan kepemilikan sebagian saham eksisting milik PT Jasa Marga (Persero) Tbk pada
                                 PT Jasamarga Transjawa Tol sebanyak 6.200.042.303 (enam miliar dua ratus juta empat puluh dua ribu tiga
                                 ratus tiga) lembar saham.
                             2. Perubahan struktur permodalan pada anak perusahaan yaitu PT Jasamarga Transjawa Tol karena
                                 penerbitan saham baru di PT Jasamarga Transjawa Tol kepada pihak ketiga sebanyak 1.208.585.244 (satu
                                 miliar dua ratus delapan juta lima ratus delapan puluh lima ribu dua ratus empat puluh empat) lembar
                                 saham yang mengakibatkan dilusi kepemilikan saham PT Jasa Marga (Persero) Tbk pada PT Jasamarga
                                 Transjawa Tol, yang merupakan satu rangkaian transaksi dalam aksi korporasi pendanaan berbasis ekuitas
                                 (equity financing) di PT Jasamarga Transjawa Tol untuk mendorong pengembangan usaha dan sekaligus
                                 meningkatkan kinerja PT Jasa Marga (Persero) Tbk sesuai kajian yang telah disusun.
                             3. Pelaksanaan aksi korporasi pada butir 1 di atas agar dilakukan dengan cermat dan hati-hati, terbebas
                                 dari tindakan yang berpotensi menimbulkan fraud, serta mampu menghasilkan kinerja imbal hasil yang
                                 menguntungkan secara optimal untuk mendukung pencapaian kinerja PT Jasa Marga (Persero) Tbk dengan
                                 tetap memperhatikan penerapan tata kelola Perusahaan yang baik (GCG) dan sesuai dengan ketentuan
                                 perundang-undangan yang berlaku.
                             4. Direksi agar memenuhi seluruh hal-hal yang disampaikan dalam tanggapan dan rekomendasi Dewan
                                 Komisaris, review Badan Pengawasan Keuangan dan Pembangunan (BPKP), dan Pendapat Hukum Jaksa
                                 Agung Muda Bidang Perdata dan Tata Usaha Negara (Jamdatun) yang berkaitan dengan aksi korporasi
                                 tersebut.
                             5. Dewan Komisaris dan Direksi agar tetap berhati-hati dan mengantisipasi segala risiko yang mempengaruhi
 Keputusan Rapat                 rencana bisnis sesuai kajian yang disusun.
 Meeting Resolution          The Meeting with the Majority Votes decided:
                             To Approve:
                             1. The release or transfer of ownership of a portion of existing shares owned by PT Jasa Marga (Persero)
                                 Tbk to PT Jasamarga Transjawa Tol, amounting to 6,200,042,303 (six billion two hundred million forty-two
                                 thousand three hundred three) shares.
                             2. Changes to the capital structure of the subsidiary, PT Jasamarga Transjawa Tol, due to the issuance of new
                                 shares in PT Jasamarga Transjawa Tol to third parties, amounting to 1,208,585,244 (one billion two hundred
                                 eight million five hundred eighty-five thousand two hundred forty-four) shares, resulting in the dilution
                                 of of PT Jasa Marga (Persero) Tbk share ownership in PT Jasamarga Transjawa Tol, which is a series of
                                 transactions in an equity financing corporate action at PT Jasamarga Transjawa Tol to encourage business
                                 development and at the same time improve the performance of PT Jasa Marga (Persero) Tbk in accordance
                                 with the review that has been prepared.
                             3. The implementation of the corporate action in point 1 above shall be carried out carefully and cautiously,
                                 free from actions that have the potential to cause fraud, and is capable of producing optimal profitable
                                 returns to support the achievement of PT Jasa Marga (Persero) Tbk performance while still paying attention
                                 to the implementation of good corporate governance (GCG) and in accordance with applicable laws and
                                 regulations.
                             4. The Board of Directors shall comply with all matters conveyed in the responses and recommendations
                                 of the Board of Commissioners, the review of the Development Finance Comptroller (BPKP), and the
                                 Legal Opinion of the Deputy Attorney General for Civil and State Administration (Jamdatun) related to the
                                 corporate action.
                             5. The Board of Commissioners and the Board of Directors shall remain cautious and anticipate all risks that
                                 affect the business plan in accordance with the prepared assessment.
                             Perseroan melaksanakan aksi korporasi pendanaan berbasis ekuitas (equity financing) di PT Jasamarga
 Tindak Lanjut/Realisasi     Transjawa Tol sesuai ketentuan peraturan perundang-undangan yang berlaku.
 Follow-up/Realization       The Company carried out an equity financing corporate action at PT Jasamarga Transjawa Tol in accordance
                             with applicable laws and regulations.




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Dewan Komisaris
Board of Commissioners

Dewan Komisaris merupakan organ Perseroan yang                        The Board of Commissioners is the Company's organ that
melakukan pengawasan dan memberikan arahan kepada                     supervises and provides guidance to the Board of Directors
Direksi dalam menjalankan kepengurusan Perseroan.                     in managing the Company. In addition to performing its
Di samping melaksanakan fungsi pengawasan, Dewan                      supervisory function, the Board of Commissioners also
Komisaris juga turut melakukan pemantauan terhadap                    monitors the effectiveness of the Company's implementation
efektivitas implementasi GCG yang dilakukan Perseroan                 of GCG in accordance with the Company's Articles of
sesuai dengan Anggaran Dasar Perseroan.                               Association.


Pedoman Kerja/Piagam Dewan Komisaris                                  Board of Commissioners Work Guideline/
                                                                      Charter
Dalam melaksanakan tugas dan fungsinya, Dewan Komisaris               In carrying out its duties and functions, the Board of
memiliki acuan kerja yang termuat dalam Pedoman                       Commissioners has a work reference contained in the Board
Kerja Dewan Komisaris dan Direksi (Board Manual) yang                 of Commissioners and Board of Directors Work Guidelines
ditandatangani oleh Dewan Komisaris dan Direksi. Board                (Board Manual) signed by the Board of Commissioners and
Manual menjadi acuan Dewan Komisaris dalam melakukan                  Board of Directors. The Board Manual serves as a reference
pengambilan keputusan dan pelaksanaan tugas serta                     for the Board of Commissioners in making decisions and
tanggung jawabnya.                                                    carrying out its duties and responsibilities.

Board Manual berisi petunjuk tata laksana kerja Dewan                 The Board Manual provides instructions on the work
Komisaris dan Direksi dan menjelaskan tahapan aktivitas               procedures of the Board of Commissioners and the Board of
secara terstruktur, sistematis, dan mudah dipahami serta              Directors, explaining the stages of activities in a structured,
dijalankan dengan konsisten. Substansi Board Manual                   systematic, and easy-to-understand manner that can be
tersusun atas prinsip-prinsip hukum korporasi, ketentuan              implemented consistently. The substance of the Board
Anggaran Dasar, Peraturan perundang-undangan yang                     Manual comprises corporate law principles, provisions of
berlaku, arahan Pemegang Saham serta praktik-praktik                  the Articles of Association, applicable laws and regulations,
terbaik (best practices) tata kelola perusahaan.                      shareholder directives, and best practices in corporate
                                                                      governance.

Pedoman kerja terkait Dewan Komisaris di dalam buku                   The work guidelines related to the Board of Commissioners
Board Manual terdapat pada Bab II yang secara garis besar             in the Board Manual are contained in Chapter II, which
mengatur sebagai berikut:                                             broadly regulates the following:
1. Tugas Dewan Komisaris;                                             1. Duties of the Board of Commissioners;
2. Hak dan Kewenangan Dewan Komisaris;                                2. Rights and Authorities of the Board of Commissioners;
3. Kewajiban Dewan Komisaris;                                         3. Obligations of the Board of Commissioners;
4. Persyaratan Dewan Komisaris;                                       4. Requirements of the Board of Commissioners;
5. Keanggotaan Dewan Komisaris;                                       5. Membership of the Board of Commissioners;
6. Komisaris Independen;                                              6. Independent Commissioners;
7. Komite-Komite Dewan Komisaris;                                     7. Committees of the Board of Commissioners;
8. Sekretaris Dewan Komisaris;                                        8. Secretary of the Board of Commissioners;
9. Program Pengenalan dan Peningkatan Kapabilitas;                    9. Introduction and Capability Improvement Program;
10. Etika Jabatan Dewan Komisaris;                                    10. Code of Conduct for the Board of Commissioners;
11. Rapat Dewan Komisaris;                                            11. Meetings of the Board of Commissioners;
12. Fungsi Pengawasan Dewan Komisaris; dan                            12. Supervisory Function of the Board of Commissioners; and
13. Kinerja dan Pelaporan Dewan Komisaris.                            13. Performance and Reporting of the Board of
                                                                          Commissioners.


Kriteria dan Penunjukan Dewan Komisaris                               Board of Commissioners Criteria and
                                                                      Appointment
Berdasarkan Pasal 11 ayat 10 dan Pasal 14 ayat 12                     Based on Article 11, paragraph 10, and Article 14, paragraph
Anggaran Dasar Perseroan, anggota Direksi dan Dewan                   12 of the Articles of Association, members of the Board of
Komisaris diangkat dan diberhentikan oleh Rapat Umum                  Directors and Board of Commissioners are appointed and
Pemegang Saham (RUPS) dari calon-calon yang diusulkan                 dismissed by the General Meeting of Shareholders (GMS) from
oleh Pemegang Saham Seri A Dwiwarna. Pengangkatan                     candidates proposed by Series A Dwiwarna Shareholders.
dan pemberhentian anggota Direksi dan Dewan Komisaris                 The appointment and dismissal of members of the Board
dilakukan oleh RUPS yang dihadiri oleh Pemegang Saham                 of Directors and Board of Commissioners is carried out by
Seri A Dwiwarna dan keputusan RUPS harus disetujui oleh               the GMS attended by Series A Dwiwarna Shareholders,
Pemegang Saham Seri A Dwiwarna. Berdasarkan ketentuan-                and they must approve the GMS resolution. Based on the


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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




ketentuan di atas, pengangkatan/pemberhentian anggota               above provisions, the appointment/dismissal of members
Direksi dan Dewan Komisaris diajukan oleh Pemegang                  of the Board of Directors and Board of Commissioners is
Saham Seri A Dwiwarna. Anggota Dewan Komisaris yang                 proposed by Series A Dwiwarna Shareholders. Appointed
diangkat, harus Memenuhi ketentuan persyaratan formal,              members of the Board of Commissioners must meet the
materiil dan persyaratan lain yang ditetapkan dalam                 formal and material requirements and other requirements
Undang-Undang Perseroan Terbatas, Anggaran Dasar                    stipulated in the Limited Liability Company Law, the Articles
Perseroan tersebut pada Pasal 14 ayat 4, Peraturan Menteri          of Association of the Company in Article 14, paragraph 4,
BUMN No. PER-3/MBU/03/2023 tanggal 24 Maret 2023 dan                Minister of SOE Regulation No. PER-3/MBU/03/2023 dated
Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014,               March 24, 2023, and Financial Services Authority Regulation
peraturan perundangan lain, serta tertuang dalam Board              No. 33/POJK.04/2014, other laws and regulations, as well
Manual Dewan Komisaris PT Jasa Marga (Persero) Tbk yang             as those contained in the Board Manual of the Board of
mencakup antara lain:                                               Commissioners of PT Jasa Marga (Persero) Tbk, which
                                                                    include, among others:
1. Wajib dan memiliki komitmen mengikuti ketentuan                  1. Must commit to comply with the provisions of the Limited
   Undang-Undang tentang Perseroan Terbatas (UUPT),                     Liability Company Law (UUPT), regulations in the Capital
   peraturan perundangan di Pasar Modal dan peraturan                   Market and other regulations, including regulations
   perundangan lain termasuk peraturan yang terkait                     related to the Company’s business activities.
   dengan kegiatan usaha Perseroan.
2. Orang perseorangan yang memenuhi persyaratan                     2. Individuals who meet the requirements at the time of
   pada saat diangkat dan selama menjabat: mempunyai                   appointment and during their term of office: have good
   akhlak, moral, integritas, dan dedikasi yang baik, cakap            character, morals, integrity, and dedication, be capable
   melakukan perbuatan hukum, memahami masalah-                        of performing legal actions, understand the Company’s
   masalah manajemen Perseroan yang berkaitan dengan                   management issues related to one of the functions of
   salah satu fungsi manajemen dan tata kelola perusahaan              management and good corporate governance, have
   yang baik, memiliki pengetahuan dan/atau keahlian yang              adequate knowledge and/or expertise in the Company’s
   memadai di bidang usaha Perseroan/yang dibutuhkan                   business/required by the Company concerned, and be
   Perseroan yang bersangkutan dicalonkan, serta dapat                 able to provide sufficient time to carry out their duties.
   menyediakan waktu yang cukup untuk melaksanakan
   tugasnya.
3. Dalam 5 (lima) tahun sebelum pengangkatan dan selama             3. Within 5 (five) years prior to appointment and during
   menjabat:                                                           their term of office:
   a. Tidak pernah dinyatakan pailit.                                  a. Never have been declared bankrupt.
   b. Tidak pernah menjadi anggota Direksi dan/atau                    b. Never have been a member of the Board of Directors
       anggota Dewan Komisaris yang dinyatakan bersalah                    and/or Board of Commissioners who has been found
       menyebabkan suatu perusahaan dinyatakan pailit.                     guilty of causing a company to be declared bankrupt.
   c. Tidak pernah dihukum karena melakukan tindak                     c. Never been convicted of a criminal offence that
       pidana yang merugikan keuangan negara dan/atau                      harms state finances and/or is related to the financial
       yang berkaitan dengan sektor keuangan.                              sector.
   d. Tidak pernah menjadi anggota Direksi dan/atau                    d. Never been a member of the Board of Directors and/
       anggota Dewan Komisaris yang selama menjabat:                       or Board of Commissioners who, during their tenure:
       i. Pernah tidak menyelenggarakan RUPS tahunan.                      i. Failed to hold an annual GMS.
       ii. Pertanggungjawabannya        sebagai     anggota                ii. Their accountability as members of the Board
            Direksi dan/atau anggota Dewan Komisaris                            of Directors and/or Board of Commissioners
            pernah tidak diterima oleh RUPS atau pernah                         was never accepted by the GMS, nor were they
            tidak memberikan pertanggungjawaban sebagai                         provided accountability as members of the Board
            anggota Direksi dan/atau anggota Dewan                              of Directors and/or Board of Commissioners to
            Komisaris kepada RUPS.                                              the GMS.
       iii. Pernah     menyebabkan     perusahaan      yang                iii. Caused a company that obtained a license,
            memperoleh izin, persetujuan, atau pendaftaran                      approval, or registration from the Financial
            dari Otoritas Jasa Keuangan tidak memenuhi                          Services Authority to fail to fulfill its obligation
            kewajiban menyampaikan laporan tahunan dan/                         to submit annual reports and/or financial
            atau laporan keuangan kepada Otoritas Jasa                          statements to the Financial Services Authority.
            Keuangan.
4. Memenuhi persyaratan-persyaratan lainnya sebagaimana             4. Meets the other requirements as specified in points 1
   ditentukan dalam butir 1 sampai dengan 3 di atas dan/atau           to 3 above and/or is prohibited from holding concurrent
   dilarang memangku jabatan rangkap, sebagai berikut:                 positions, as follows:
   a. Bukan Anggota Direksi pada Badan Usaha Milik                     a. Not a member of the Board of Directors of a State-
       Negara, Badan Usaha Milik Daerah dan Badan Usaha                    Owned Enterprise, Regional-Owned Enterprise, or
       Milik Swasta.                                                       Private-Owned Enterprise.
   b. Pengurus partai politik dan/atau calon anggota dan/              b. An administrator of a political party and/or candidate
       atau anggota DPR, DPD, DPRD Tingkat I dan DPRD                      and/or member of the DPR, DPD, DPRD Level I, and
       Tingkat II.                                                         DPRD Level II.
   c. Calon Kepala/Wakil Kepala Daerah dan/atau Kepala/                c. A candidate for Regional Head/Deputy Regional
       Wakil Kepala Daerah.                                                Head and/or Regional Head/Deputy Regional Head.



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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




     d. Tidak menjabat sebagai Anggota Dewan Komisaris                   d. Not serving as a member of the Board of
        pada Perseroan selama 2 (dua) periode berturut-                      Commissioners of a company for 2 (two) consecutive
        turut.                                                               terms.
     e. Sehat jasmani dan rohani (tidak sedang menderita                 e. Physically and mentally healthy (not suffering from
        suatu penyakit yang dapat menghambat pelaksanaan                     any illness that could hinder the performance of
        tugas sebagai anggota Dewan Komisaris yang                           duties as a member of the Board of Commissioners,
        dibuktikan dengan surat keterangan dari Dokter).                     as evidenced by a letter from a doctor).
     f. Bagi bakal calon dari Kementerian Teknis atau                    f. For prospective candidates from Technical Ministries
        Instansi Pemerintah lain, harus berdasarkan usulan                   or other Government Agencies, they must be based
        dari instansi yang bersangkutan.                                     on recommendations from the relevant agencies.
     g. Tidak memiliki rangkap jabatan sesuai dengan                     g. Not holding any concurrent positions in accordance
        ketentuan peraturan perundang-undangan yang                          with the provisions of laws and regulations that have
        berpotensi menimbulkan benturan kepentingan                          the potential to cause a conflict of interest with the
        dengan Perseroan dan bersedia mengundurkan diri                      Company, and are willing to resign if elected as a
        jika terpilih sebagai Anggota Dewan Komisaris.                       Member of the Board of Commissioners.
     h. Antar para Anggota Dewan Komisaris dengan                        h. There are no familial relations up to the third degree
        Anggota Direksi tidak memiliki hubungan keluarga                     between members of the Board of Commissioners or
        sedarah sampai dengan derajat ketiga, baik menurut                   between members of the Board of Commissioners
        garis lurus maupun garis ke samping, termasuk                        and members of the Board of Directors, either in a
        hubungan yang timbul karena perkawinan.                              direct line or collateral line, including relations arising
                                                                             from marriage.
5. Selain memenuhi ketentuan sebagaimana dimaksud                     5. In addition to fulfilling the provisions referred to in
   pada butir 1 sampai dengan 5 di atas, khusus bagi                     points 1 to 5 above, Independent Commissioners must
   Komisaris Independen wajib memenuhi persyaratan                       specifically meet the following requirements:
   sebagai berikut:
   a. Bukan merupakan orang yang bekerja atau                              a. Not a person who works for or has the authority and
       mempunyai wewenang dan tanggung jawab untuk                            responsibility to plan, lead, control, or supervise the
       merencanakan, memimpin, mengendalikan, atau                            Company’s activities within the last 6 (six) months,
       mengawasi kegiatan Perseroan dalam waktu 6                             except for reappointment as an Independent
       (enam) bulan terakhir, kecuali untuk pengangkatan                      Commissioner of the Company for the next term.
       kembali sebagai Komisaris Independen Perseroan                         Does not own shares, either directly or indirectly, in
       pada periode berikutnya. Tidak mempunyai saham                         the Company.
       baik langsung maupun tidak langsung pada
       Perseroan.
   b. Tidak mempunyai hubungan afiliasi dengan                             b. Not affiliated with the Company, members of the
       Perseroan, anggota Dewan Komisaris, anggota                            Board of Commissioners, members of the Board of
       Direksi atau pemegang saham utama Perseroan.                           Directors, or major shareholders of the Company.
   c. Tidak mempunyai hubungan usaha baik langsung                         c. Not having any direct or indirect business relationship
       maupun tidak langsung yang berkaitan dengan                            related to the Company’s business activities.
       kegiatan usaha Perseroan.

Pemenuhan persyaratan sebagaimana tersebut di atas                    Compliance with the above requirements shall be evidenced
dibuktikan dengan surat pernyataan yang ditandatangani                by a signed statement letter from the candidate member of
oleh calon anggota Dewan Komisaris dan surat tersebut                 the Board of Commissioners, submitted to the Company.
disampaikan kepada Perseroan.


Ketentuan Masa Jabatan dan Proses                                     Term of Office and Post-Appointment
Setelah Pengangkatan                                                  Process
Masa jabatan anggota Dewan Komisaris efektif sejak                    The term of office of members of the Board of Commissioners
tanggal yang ditetapkan oleh RUPS yang mengangkatnya,                 shall be effective from the date determined by the GMS that
dan berakhir pada penutupan RUPS Tahunan yang ke-5                    appointed them, and shall end at the closing of the fifth
(lima) setelah tanggal pengangkatannya, dengan syarat                 Annual GMS after the date of their appointment, provided
tidak boleh melebihi jangka waktu 5 (lima) tahun, dengan              that it shall not exceed a period of 5 (five) years, with due
memperhatikan peraturan perundangan di bidang Pasar                   regard to the laws and regulations in the field of Capital
Modal, dengan 1 (satu) periode masa jabatan anggota                   Markets, with a maximum term of office for members of
Dewan Komisaris paling lama 5 (lima) tahun atau sampai                the Board of Commissioners of 5 (five) years or until the
dengan penutupan RUPS Tahunan pada akhir 1 (satu)                     closing of the Annual GMS at the end of the 1 (one) term
periode masa jabatan dimaksud. Namun demikian, hal                    of office. However, this does not diminish the GMS’s right
tersebut tidak mengurangi hak RUPS untuk sewaktu-waktu                to dismiss members of the Board of Commissioners at any
dapat memberhentikan para anggota Dewan Komisaris                     time before the end of their term of office. After their term
sebelum masa jabatannya berakhir. Setelah masa jabatannya             of office ends, members of the Board of Commissioners may
berakhir, para anggota Dewan Komisaris dapat diangkat                 be reappointed by the GMS for a one-term appointment.
kembali oleh RUPS untuk 1 (satu) kali masa jabatan.



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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Perseroan wajib menyelenggarakan RUPS untuk melakukan               The Company is required to hold a GMS to replace members
penggantian anggota Dewan Komisaris yang tidak                      of the Board of Commissioners who do not meet the
Memenuhi persyaratan. Dalam jangka waktu paling lambat              requirements. Within a maximum period of 2 (two) working
2 (dua) hari kerja terhitung sejak diketahui pengangkatan           days from the date of discovery that the appointment of
anggota Dewan Komisaris tidak memenuhi persyaratan,                 a member of the Board of Commissioners does not meet
anggota Dewan Komisaris lainnya harus mengumumkan                   the requirements, the other members of the Board of
batalnya pengangkatan anggota Dewan Komisaris yang                  Commissioners must announce the cancellation of the
bersangkutan dalam media pengumuman dan paling lambat               appointment of the member of the Board of Commissioners
7 (tujuh) hari memberitahukannya kepada Menteri Hukum               concerned in the announcement media and notify the Minister
dan Hak Asasi Manusia. Perseroan wajib menyelenggarakan             of Law and Human Rights within a maximum of 7 (seven)
RUPS untuk melakukan penggantian anggota Dewan                      days. The Company is required to hold a GMS to replace
Komisaris yang tidak memenuhi persyaratan. Anggota                  members of the Board of Commissioners who do not meet
Dewan Komisaris sewaktu-waktu dapat diberhentikan                   the requirements. Members of the Board of Commissioners
berdasarkan keputusan RUPS dengan menyebutkan alasan-               may be dismissed at any time based on a GMS resolution
alasannya Alasan pemberhentian anggota Dewan Komisaris              stating the reasons for dismissal. The reasons for dismissal
antara lain:                                                        of members of the Board of Commissioners include:
1. Tidak dapat menjalankan tugasnya dengan baik;                    1. Inability to perform their duties properly;
2. Melanggar ketentuan Anggaran Dasar Perseroan dan/                2. Violation of the Company’s Articles of Association and/
    atau Peraturan Perundangan;                                         or laws and regulations;
3. Terlibat dalam tindakan yang merugikan Perseroan dan/            3. Involvement in actions that are detrimental to the
    atau negara;                                                        Company and/or the state;
4. Melakukan tindakan yang melanggar etika dan/atau                 4. Actions that violate ethics and/or decisions that
    keputusan yang seharusnya dihormati sebagai anggota                 should be respected as a member of the Board of
    Dewan Komisaris;                                                    Commissioners;
5. Dinyatakan bersalah dengan putusan pengadilan yang               5. Being found guilty by a court decision that has permanent
    telah mempunyai kekuatan hukum yang tetap; dan                      legal force; and
6. Mengundurkan diri.                                               6. Resignation.

Setelah pengangkatan Dewan Komisaris baru, berdasarkan              After the appointment of the new Board of Commissioners,
ketentuan Bab II. I. 1 Board Manual Perseroan, wajib                based on the provisions of Chapter II. I. 1 of the Company’s
dilaksanakan Program Pengenalan bagi Pengurus Baru yang             Board Manual, an Induction Program for New Management
dilaksanakan dalam waktu selambat-lambatnya 3 (tiga)                must be implemented no later than 3 (three) months after
bulan sejak pengangkatannya. Informasi mengenai realisasi           their appointment. Information regarding the implementation
program ini pada tahun 2024 dapat dilihat pada bagian               of this program in 2025 can be found in the section on
Program Pengenalan Perseroan Bagi Anggota Dewan                     the Company’s Induction Program for New Board of
Komisaris Baru.                                                     Commissioners Members.


Susunan, Jumlah, Komposisi, dan Dasar                               Structure, Number, Composition,
Pengangkatan Anggota Dewan Komisaris                                and Appointment Basis of Board of
pada Tahun 2025                                                     Commissioners Members in 2025
Selama tahun 2025, Perseroan telah melakukan perubahan              During 2025, the Company implemented changes to its
susunan pengurus melalui dua kali mekanisme pengambilan             management composition through two Shareholders’
keputusan Pemegang Saham. Pertama, Perseroan                        decision-making mechanisms. First, the Company held its
melaksanakan RUPS Tahunan pada tanggal 7 Mei 2025                   Annual General Meeting of Shareholders (AGMS) on May 7,
yang salah satu agendanya adalah Perubahan Susunan                  2025, one of the agenda items of which was the Change in the
Pengurus Perseroan. Selanjutnya, Perseroan kembali                  Composition of the Company’s Management. Subsequently,
menyelenggarakan RUPS Luar Biasa pada tanggal 17                    the Company convened an Extraordinary General Meeting of
Desember 2025 dengan agenda serupa, yakni Perubahan                 Shareholders (EGMS) on December 17, 2025 with a similar
Susunan Pengurus Perseroan.                                         agenda, namely the Change in the Composition of the
                                                                    Company’s Management.

Berdasarkan     keputusan-keputusan      rapat   tersebut,          Based on the resolutions of these meetings, the Shareholders
Pemegang Saham menyetujui perubahan susunan Pengurus                approved the changes in the composition of the Company’s
Perseroan, sehingga komposisi Dewan Komisaris kini                  Management, resulting in the Board of Commissioners now
berjumlah 6 (enam) orang, terdiri dari 1 (satu) orang               comprising 6 (six) members, consisting of 1 (one) President
Komisaris Utama, 3 (tiga) orang Komisaris Independen, dan           Commissioner, 3 (three) Independent Commissioners, and 2
2 (dua) orang Komisaris.                                            (two) Commissioners.




534                                                                     Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 535
06                                07                                     08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




Susunan Dewan Komisaris berdasarkan rangkaian                              The composition of the Board of Commissioners based on
keputusan-keputusan tersebut disajikan pada tabel sebagai                  these resolutions is presented in the following table:
berikut:

Tabel Susunan Anggota Dewan Komisaris Tahun 2025
Table of Board of Commissioners Member Composition in 2025


              Nama                                Jabatan                                           Dasar Pengangkatan
              Name                                Position                                           Appointment Basis
                                  Komisaris Utama                           Keputusan RUPS Tahunan tanggal 7 Mei 2025
 Juri Ardiantoro*
                                  President Commissioner                    Annual General Meeting resolution on May 7, 2025

                                  Komisaris                                 Keputusan RUPS Tahunan tanggal 7 Mei 2025
 Syamsul Bachri Yusuf *
                                  Commissioner                              Annual General Meeting resolution on May 7, 2025

                                  Komisaris Independen                      Keputusan RUPS Tahunan tanggal 7 Mei 2025
 Nachrowi Ramli*
                                  Independent Commissioner                  Annual General Meeting resolution on May 7, 2025

                                  Komisaris Independen                      Keputusan RUPS Luar Biasa tanggal 17 Desember 2025
 Tedi Kurniawan***
                                  Independent Commissioner                  Extraordinary General Meeting resolution on December 17, 2025

                                  Komisaris Independen                      Keputusan RUPS Tahunan tanggal 7 Mei 2025
 Rudi Antariksawan*
                                  Independent Commissioner                  Annual General Meeting resolution on May 7, 2025

                                  Komisaris                                 Keputusan RUPS Tahunan tanggal 7 Mei 2025
 Asrorun Ni’am Sholeh*
                                  Commissioner                              Annual General Meeting resolution on May 7, 2025

                                  Komisaris Utama                           Keputusan RUPS Luar Biasa tanggal 8 Februari 2023
 Mohammad Zainal Fatah**
                                  President Commissioner                    Extraordinary General Meeting resolution on February 8, 2023

                                  Komisaris                                 Keputusan RUPS Tahunan tanggal 27 Mei 2021
 M. Roskanedi**
                                  Commissioner                              Annual General Meeting resolution on May 27, 2021

                                  Komisaris                                 Keputusan RUPS Tahunan tanggal 27 Mei 2021
 Raja Erizman**
                                  Commissioner                              Annual General Meeting resolution on May 27, 2021

                                  Komisaris Independen                      Keputusan RUPS Luar Biasa tanggal 8 Februari 2023
 Chandra Wijaya**
                                  Independent Commissioner                  Extraordinary General Meeting resolution on February 8, 2023

                                  Komisaris Independen                      Keputusan RUPS Luar Biasa tanggal 8 Februari 2023
 Marsetio**
                                  Independent Commissioner                  Extraordinary General Meeting resolution on February 8, 2023

                                  Komisaris Independen                      Keputusan RUPS Luar Biasa tanggal 8 Februari 2023
 Seppalga Ahmad****
                                  Independent Commissioner                  Extraordinary General Meeting resolution on February 8, 2023

                                  Komisaris Independen                      Keputusan RUPS Luar Biasa tanggal 8 Februari 2023
 Abdul Rachman**
                                  Independent Commissioner                  Extraordinary General Meeting resolution on February 8, 2023
 Keterangan/Notes:
 *    Menjabat sejak 7 Mei 2025/Appointed since May 7, 2025
 ** Menjabat sampai 7 Mei 2025/Serving until May 7, 2025
 *** Menjabat sejak 17 Desember 2025/Appointed since December 17, 2025
 **** Menjabat sampai 12 November 2025/Serving until November 12, 2025




Penilaian Kemampuan dan Kepatutan                                          Aptitude and Suitability Assessment
Seluruh anggota Dewan Komisaris Jasa Marga yang                            All members of the Board of Commissioners of Jasa
diangkat, telah memenuhi kriteria dan ketentuan yang                       Marga who have been appointed have met the criteria
dipersyaratkan dalam uji kepatutan dan kelayakan (fit                      and requirements in the fit and proper test based on the
and proper test) berdasarkan Undang-Undang Perseroan                       Limited Liability Company Law, the Company’s Articles
Terbatas, Anggaran Dasar Perseroan, peraturan terkait Tata                 of Association, regulations related to Good Corporate
Kelola Perusahaan yang Baik, serta peraturan dan ketentuan                 Governance, and other related regulations and provisions,
lain yang terkait, termasuk ketentuan tentang Komisaris                    including provisions regarding Independent Commissioners.
Independen. Seluruh anggota Dewan Komisaris memiliki                       All members of the Board of Commissioners possess
integritas, kompetensi, dan reputasi yang memadai. Hal                     adequate integrity, competence, and reputation. This is
tersebut dibuktikan dengan telah dilaksanakannya fit and                   evidenced by the implementation of the following fit and
proper test sebagai berikut:                                               proper tests:




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                     535
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01                              02                        03                      04                                       05
Ikhtisar Kinerja Utama          Laporan Manajemen         Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report         Company Profile          Management Discussion and Analysis       Business Support Functions




Tabel Pelaksanaan Fit and Proper Test Dewan Komisaris
Table of Fit and Proper Test Implementation for the Board of Commissioners


              Nama                         Jabatan                                                  Pelaksana
              Name                         Position                                                  Executor
                                Komisaris Utama
 Juri Ardiantoro*
                                President Commissioner

                                Komisaris
 Syamsul Bachri Yusuf *
                                Commissioner
                                                                  Badan Pengatur BUMN (d/h Kementerian BUMN)
                                Komisaris Independen
 Nachrowi Ramli*                                                  State-Owned Enterprises Regulatory Agency (formerly the Ministry
                                Independent Commissioner
                                                                  of State-Owned Enterprises)
                                Komisaris Independen
 Tedi Kurniawan***
                                Independent Commissioner

                                Komisaris Independen
 Rudi Antariksawan*
                                Independent Commissioner

                                Komisaris
 Asrorun Ni’am Sholeh*
                                Commissioner

                                Komisaris Utama
 Mohammad Zainal Fatah**
                                President Commissioner

                                Komisaris
 M. Roskanedi**
                                Commissioner

                                Komisaris
 Raja Erizman**                                                   Badan Pengatur BUMN (d/h Kementerian BUMN)
                                Commissioner
                                                                  State-Owned Enterprises Regulatory Agency (formerly the Ministry
                                Komisaris Independen              of State-Owned Enterprises)
 Chandra Wijaya**
                                Independent Commissioner

                                Komisaris Independen
 Marsetio**
                                Independent Commissioner

                                Komisaris Independen
 Seppalga Ahmad****
                                Independent Commissioner

                                Komisaris Independen
 Abdul Rachman**
                                Independent Commissioner

 Keterangan/Notes:
 *    Menjabat sejak 7 Mei 2025/Appointed since May 7, 2025
 **   Menjabat sampai 7 Mei 2025/Serving until May 7, 2025
 *** Menjabat sejak 17 Desember 2025/Appointed since December 17, 2025
 **** Menjabat sampai 12 November 2025/Serving until November 12, 2025




Tugas dan Tanggung Jawab                                                     Duties and Responsibilities
Tugas dan tanggung jawab Dewan Komisaris sebagaimana                         The duties and responsibilities of the Board of
diatur dalam Anggaran Dasar dan tercantum dalam Board                        Commissioners, as stipulated in the Articles of Association
Manual, sebagai berikut:                                                     and listed in the Board Manual, are as follows:
1. Melakukan pengawasan terhadap kebijakan pengurusan,                       1. Supervising management policies, the general course
    jalannya pengurusan pada umumnya, baik mengenai                             of management, both in relation to the Company and
    Perseroan maupun usaha Perseroan yang dilakukan                             the Company’s business conducted by the Board of
    oleh Direksi, serta memberikan nasihat kepada Direksi,                      Directors, and providing advice to the Board of Directors
    dalam melaksanakan pengurusan Perseroan, termasuk                           in carrying out the management of the Company,
    memberikan pendapat dan persetujuan Rencana Jangka                          including providing opinions and approval of the
    Panjang Perusahaan dan Rencana Kerja dan Anggaran                           Company’s Long-Term Plan and the Company’s Annual
    Tahunan Perseroan serta rencana lainnya yang                                Work Plan and Budget, as well as other plans prepared
    disiapkan Direksi sesuai dengan ketentuan Anggaran                          by the Board of Directors in accordance with the
    Dasar Perseroan. Selain itu melakukan pengawasan,                           provisions of the Company’s Articles of Association. In
    penelaahan terhadap pelaksanaan Rencana Jangka                              addition, supervising and reviewing the implementation
    Panjang Perusahaan dan Rencana Kerja dan Anggaran                           of the Company’s Long-Term Plan and Annual Work
    Tahunan Perseroan, serta rencana lainnya, serta                             Plan and Budget, as well as other plans, and approving
    memberikan persetujuan atas revisi Rencana Jangka                           revisions to the Company’s Long-Term Plan and other
    Panjang Perusahaan dan rencana lainnya yang                                 plans submitted by the Board of Directors, including
    disampaikan Direksi, termasuk pengawasan atas                               supervising the implementation of the provisions of
    pelaksanaan ketentuan-ketentuan Anggaran Dasar                              the Articles of Association and GMS Resolutions, as
    dan Keputusan RUPS, serta peraturan perundangan                             well as applicable laws and regulations, for the benefit
    yang berlaku, untuk kepentingan Perseroan dan sesuai                        of the Company and in accordance with the aims and
    dengan maksud dan tujuan Perseroan.                                         objectives of the Company.




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




2. Mengikuti      perkembangan       kegiatan     Perseroan,          2. Follow the development of the Company’s activities,
    memberikan pendapat dan saran kepada RUPS                            provide opinions and advice to the GMS on any issues
    mengenai setiap masalah yang dianggap penting bagi                   deemed important for the management of the Company.
    kepengurusan Perseroan.
3. Melaporkan kepada Pemegang Saham Seri A Dwiwarna                   3. Report to the Series A Dwiwarna Shareholders if there
    apabila terjadi gejala menurun kinerja Perseroan.                    are signs of a decline in the Company’s performance.
4. Mengusulkan kepada RUPS penunjukan Akuntan Publik                  4. Proposing to the GMS the appointment of a Public
    yang akan melakukan pemeriksaan atas buku-buku                       Accountant to audit the Company’s books.
    Perseroan.
5. Meneliti dan menelaah laporan berkala dan Laporan                  5. Examining and reviewing periodic reports and Annual
    Tahunan yang disiapkan Direksi serta menandatangani                  Reports prepared by the Board of Directors and signing
    Laporan Tahunan.                                                     the Annual Report.
6. Memberikan penjelasan, pendapat, dan saran kepada                  6. Providing explanations, opinions, and advice to the GMS
    RUPS mengenai Laporan Tahunan, apabila diminta.                      regarding the Annual Report, if requested.
7. Membuat risalah rapat Dewan Komisaris dan menyimpan                7. Prepare minutes of the Board of Commissioners’
    salinannya.                                                          meetings and keep copies thereof.
8. Melaporkan kepada Perseroan mengenai kepemilikan                   8. Report to the Company regarding their and/or their
    Sahamnya dan/atau keluarganya pada Perseroan                         family’s share ownership in the Company and other
    tesebut dan Perseroan lain.                                          companies.
9. Memberikan laporan tentang tugas pengawasan yang                   9. Provide a report on the supervisory duties performed
    telah dilakukan selama tahun buku yang baru lampau                   during the past fiscal year to the GMS.
    kepada RUPS.
10. Memberikan penjelasan tentang segala hal yang ditanyakan          10. Provide explanations on all matters inquired or requested
    atau yang diminta Pemegang Saham Seri A Dwiwarna                      by Series A Dwiwarna Shareholders with due regard to
    dengan      memperhatikan     peraturan    perundangan                laws and regulations, particularly those applicable in the
    khususnya yang berlaku di bidang Pasar Modal.                         Capital Market.
11. Melaksanakan kewajiban lainnya dalam rangka tugas                 11. Perform other duties in the context of supervisory and
    pengawasan dan pemberian nasihat, sepanjang tidak                     advisory tasks, as long as they do not conflict with laws
    bertentangan dengan dengan peraturan perundangan,                     and regulations, the Articles of Association and/or GMS
    Anggaran Dasar dan/atau keputusan RUPS.                               resolutions.
12. Menyampaikan laporan triwulanan mengenai kinerja                  12. Submitting quarterly reports on the Company’s
    Perseroan, termasuk realisasi Indikator Kinerja Utama                 performance, including the realization of Key Performance
    kepada Pemegang Saham Seri A Dwiwarna.                                Indicators, to Series A Dwiwarna Shareholders.
13. Menyusun Piagam/Pedoman dan tata tertib Kerja Dewan               13. Prepare the Charter/Guidelines and Rules of Procedure
    Komisaris (BOC Charter).                                              of the Board of Commissioners (BOC Charter).
14. Memastikan dan memberi dorongan kepada Direksi dan                14. Ensure and encourage the Board of Directors and all its
    seluruh jajarannya dalam menjalankan Perseroan untuk                  members in running the Company to consistently and
    menerapkan prinsip-prinsip tata kelola perusahaan yang                continuously apply the principles of good corporate
    baik atau Good Corporate Governance (GCG) secara                      governance (GCG) and to have high moral standards in
    konsisten dan berkesinambungan, serta memiliki moral                  their business activities; and
    tinggi dalam berusaha; dan
15. Dalam kondisi tertentu, Dewan Komisaris wajib                     15. Under certain conditions, the Board of Commissioners
    menyelenggarakan RUPS Tahunan dan RUPS Lainnya                        is required to hold Annual GMS and Other GMS in
    sesuai dengan kewenangannya sebagaimana diatur                        accordance with its authority as stipulated in the laws
    dalam peraturan perundangan dan Anggaran Dasar.                       and regulations and the Articles of Association.

Selain tugas-tugas pokok tersebut, dalam board manual                 In addition to these main duties, the Board of Commissioners’
Dewan Komisaris juga ditetapkan tugas dan tanggung jawab              board manual also stipulates the duties and responsibilities
Dewan Komisaris yang terkait dengan:                                  of the Board of Commissioners related to:
1. Tugas Umum;                                                        1. General Duties;
2. Tugas dan Kewajiban Terkait RUPS;                                  2. Duties and Obligations related to GMS;
3. Tugas terkait Strategi dan Rencana Kerja;                          3. Duties related to Strategy and Work Plans;
4. Tugas terkait Fungsi Pengawasan;                                   4. Duties related to Supervisory Functions;
5. Tugas terkait Nominasi dan Remunerasi;                             5. Duties related to Nomination and Remuneration;
6. Tugas terkait Evaluasi Kinerja Dewan Komisaris dan                 6. Duties related to the Performance Evaluation of the
    Kinerja Direksi;                                                      Board of Commissioners and the Board of Directors;
7. Tugas terkait Penerapan Good Corporate Governance                  7. Duties related to the Implementation of Good Corporate
    (GCG);                                                                Governance (GCG);
8. Tugas terkait Penerapan Manajemen Risiko;                          8. Duties related to the Implementation of Risk
                                                                          Management;
9. Tugas terkait Sistem Pengendalian Internal;                        9. Tasks related to Internal Control Systems;
10. Tugas terkait Keterbukaan dan Kerahasiaan Informasi;              10. Tasks related to Information Disclosure and
                                                                          Confidentiality;




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01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




11. Tugas terkait Teknologi Informasi;                              11. Tasks related to Information Technology;
12. Tugas terkait Pelaporan; dan                                    12. Tasks related to Reporting; and
13. Tugas lainnya.                                                  13. Other tasks.

Dalam melaksanakan tugasnya, setiap anggota Dewan                   In carrying out their duties, each member of the Board of
Komisaris harus:                                                    Commissioners must:
1. Mematuhi Anggaran Dasar Perseroan, Peraturan                     1. Comply with the Company’s Articles of Association,
   Perundangan serta keputusan RUPS dan bertindak                       Laws and Regulations, and GMS resolutions, and act
   dan bersikap profesional, efisien, transparan, menjaga               and behave professionally, efficiently, transparently,
   kemandirian, akuntabel, bertanggung jawab dan                        independently,       accountably,      responsibly,  and
   kewajaran.                                                           reasonably.
2. Bertindak untuk kepentingan Perseroan dan sesuai dengan          2. Act in the interests of the Company and in accordance
   maksud dan tujuan Perusahaan, serta tidak dimaksudkan                with the Company’s objectives and purposes, and not
   untuk kepentingan pihak dan golongan tertentu.                       for the interests of certain parties or groups.
3. Beritikad baik, penuh kehati-hatian, bertanggung jawab           3. Act in good faith, with prudence, and be responsible in
   dalam menjalankan tugas pengawasan dan pemberian                     performing supervisory duties and providing advice to the
   nasihat kepada Direksi untuk kepentingan Perseroan                   Board of Directors for the benefit of the Company and in
   dan sesuai dengan maksud dan tujuan Perseroan.                       accordance with the Company’s objectives and purposes.
4. Menjaga kerahasiaan data dan/atau informasi Perseroan.           4. Maintain the confidentiality of the Company’s data and/
                                                                        or information.


Hak dan Wewenang                                                    Rights and Authorities
Dalam melaksanakan tugas pokoknya, Dewan Komisaris                  In carrying out its main duties, the Board of Commissioners
berwenang untuk:                                                    has the authority to:
1. Memeriksa buku-buku, surat-surat, serta dokumen-                 1. Examine books, letters, and other documents, examine
   dokumen lainnya, memeriksa kas untuk keperluan                       cash for verification purposes and other securities, and
   verifikasi dan lain-lain surat berharga dan memeriksa                examine the Company’s assets.
   kekayaan Perseroan.
2. Memasuki pekarangan, gedung dan kantor yang                      2. Enter the grounds, buildings, and offices used by the
   dipergunakan oleh Perseroan.                                         Company.
3. Meminta penjelasan dari Direksi dan/atau pejabat                 3. Request explanations from the Board of Directors and/
   lainnya mengenai segala persoalan yang menyangkut                    or other officials regarding all matters relating to the
   pengelolaan Perseroan.                                               management of the Company.
4. Mengetahui segala kebijakan dan tindakan yang telah              4. Be informed of all policies and actions that have been
   dan akan dijalankan oleh Direksi.                                    and will be carried out by the Board of Directors.
5. Meminta Direksi dan/atau pejabat lainnya di bawah                5. Request the Board of Directors and/or other officials
   Direksi dengan sepengetahuan Direksi untuk menghadiri                under the Board of Directors, with the knowledge of the
   rapat Dewan Komisaris.                                               Board of Directors, to attend Board of Commissioners
                                                                        meetings.
6. Mengangkat dan memberhentikan seorang Sekretaris                 6. Appoint and dismiss a Secretary to the Board of
   Dewan Komisaris.                                                     Commissioners.
7. Memberhentikan sementara anggota Direksi sesuai                  7. Temporarily dismiss members of the Board of Directors
   dengan ketentuan Anggaran Dasar.                                     in accordance with the provisions of the Articles of
                                                                        Association.
8. Membentuk Komite Audit, Komite Remunerasi dan                    8. Form an Audit Committee, Remuneration and Nomination
    Nominasi, Komite Pemantau Risiko dan komite-komite                  Committee, Risk Monitoring Committee and other
    lain, jika dianggap perlu dengan memperhatikan                      committees, if deemed necessary, taking into account
    kemampuan Perseroan.                                                the Company’s capabilities.
9. Menggunakan tenaga ahli untuk hal tertentu dan dalam             9. Use experts for specific matters and for a specific period
    jangka waktu tertentu atas beban Perseroan, jika                    of time at the expense of the Company, if deemed
    dianggap perlu.                                                     necessary.
10. Melakukan tindakan pengurusan Perseroan dalam                   10. Performing management actions for the Company in
    keadaan tertentu untuk jangka waktu tertentu sesuai                 certain circumstances for a certain period of time per
    dengan ketentuan Anggaran Dasar.                                    the provisions of the Articles of Association.
11. Menyetujui pengangkatan dan pemberhentian Sekretaris            11. Approving the appointment and dismissal of the
    Perusahaan (Corporate Secretary & Chief Administration              Corporate Secretary & Chief Administration Officer and/
    Office) dan/atau Kepala Satuan Pengawas Intern                      or the Internal Audit Senior Group Head.
    (Internal Audit Senior Group Head).
12. Menghadiri      rapat     Direksi   dan   memberikan            12. Attending Board of Directors meetings and providing
    pandanganpandangan terhadap hal-hal yang dibicarakan.               opinions on matters discussed.
13. Melaksanakan kewenangan pengawasan lainnya                      13. Exercising other supervisory powers as long as they
    sepanjang tidak bertentangan dengan Peraturan                       do not conflict with laws and regulations, as well as
    Perundangan, serta peraturan yang berlaku di bidang                 regulations applicable in the Capital Market, the Articles
    Pasar Modal, Anggaran Dasar dan/atau keputusan RUPS.                of Association and/or GMS resolutions.


538                                                                      Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
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06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Pembagian Tugas antar Dewan Komisaris                                 Division of Duties among the Board of
                                                                      Commissioners
Setiap anggota Dewan Komisaris memiliki tugas masing-                 Each member of the Board of Commissioners has their
masing yang pembagiannya telah ditetapkan berdasarkan                 own duties, which are assigned based on the role of each
peran masing-masing anggota Dewan Komisaris, yang                     member, in accordance with their competencies and
menyesuaikan dengan kompetensi dan pengalamannya.                     experience. The division of duties among members of
Pembagian tugas anggota Dewan Komisaris dilakukan                     the Board of Commissioners is carried out to ensure the
dengan tujuan untuk menjamin efektivitas tugas dan                    effectiveness of tasks and functions so that they are carried
fungsi agar terlaksana secara efektif dan bertanggung                 out effectively and responsibly, while remaining transparent
jawab, dengan tetap dilaksanakan secara transparan dan                and accountable, not affiliated with the interests of the
akuntabel, tidak terafiliasi dengan kepentingan Direksi dan           Board of Directors and controlling shareholders, and not
pemegang saham pengendali, serta tidak mengabaikan                    neglecting the interests of public shareholders, minority
kepentingan pemegang saham publik, pemegang saham                     shareholders and other stakeholders, while still paying
minoritas dan pemangku kepentingan lainnya, serta dengan              attention to the respective duties of each member of the
tetap memperhatikan bidang tugas masing-masing anggota                Board of Directors. Specifically, 3 (three) members of the
Direksi. Khusus untuk 3 (tiga) orang anggota Komisaris,               Board of Commissioners are assigned as Chairman of the
masing-masing mendapat tugas sebagai Ketua Komite                     Nomination and Remuneration Committee, Chairman of
Nominasi dan Remunerasi, Ketua Komite Pemantau Risiko                 the Risk Monitoring and Legal Committee, and Chairman
dan Hukum, dan Ketua Komite Audit. 3 (tiga) orang Anggota             of the Audit Committee. The other 3 (three) members of
Dewan Komisaris lainnya, masing-masing masuk menjadi                  the Board of Commissioners serve on the Nomination and
anggota Komite Nominasi dan Remunerasi, anggota Komite                Remuneration Committee, the Risk Monitoring and Legal
Pemantau Risiko dan Hukum dan anggota Komite Audit. Selain            Committee, and the Audit Committee, respectively. In
melaksanakan tiga fungsi Komite tersebut, Dewan Komisaris             addition to carrying out the three functions of the Committee,
juga melaksanakan fungsi pengawasan terhadap Tata Kelola              the Board of Commissioners performs a supervisory
terintegrasi melalui Komite Tata Kelola Terintegrasi. Fungsi          function over integrated governance through the Integrated
ini diketuai oleh Komisaris Utama dan seluruh Komisaris               Governance Committee. This function is chaired by the
sebagai anggota ditambah dengan Komisaris Utama                       President Commissioner and all Commissioners, as well
pada seluruh entitas anak Perusahaan. Berdasarkan Surat               as the President Commissioners of all subsidiaries. Based
Keputusan Dewan Komisaris No. KEP-079/VI/2025 tanggal                 on the Board of Commissioners Decree No. KEP-079/
4 Juni 2025, bidang tugas anggota Dewan Komisaris dibagi              VI/2025 dated June 4, 2025, the duties of the Board of
dalam 6 (enam) bidang tugas pengawasan dan pemberian                  Commissioners are divided into 6 (six) areas of supervision
nasihat kepada Direksi, meliputi:                                     and advisory services to the Board of Directors, including:
1. Bidang Kebijakan dan Strategi Pengelolaan Pengusahaan              1. Toll Road Management Policy and Strategy with
    Jalan Tol dengan Sarana Penunjangnya;                                 Supporting Facilities;
2. Bidang Pengelolaan Human Capital dan Transformasi;                 2. Human Capital Management and Transformation;
3. Bidang Pengelolaan Pengembangan Usaha;                             3. Business Development Management;
4. Bidang Pengelolaan Operasi & Pemeliharaan;                         4. Operations & Maintenance Management;
5. BIdang Pengelolaan Bisnis; dan                                     5. Business Management; and
6. Bidang Pengelolaan Keuangan dan Manajemen Risiko.                  6. Financial Management and Risk Management.

Juri Ardiantoro, Komisaris Utama, menangani tugas                     Juri Ardiantoro, President Commissioner, handles the
pengawasan dan pemberian nasihat kepada Direksi dalam                 supervision and advisory duties to the Board of Directors
bidang kebijakan dan strategi pengelolaan pengusahaan                 in the area of policy and strategy for toll road management
Jalan Tol dengan Sarana Penunjangnya serta merangkap                  with supporting facilities and also serves as a member of
sebagai anggota Komite Nominasi dan Remunerasi, dengan                the Nomination and Remuneration Committee, with the
uraian tugasnya meliputi hal-hal sebagai berikut:                     following duties:
1. Mengkoordinasikan serta mengintegrasikan masukan,                  1. Coordinating and integrating input, directives, and
    arahan dan rekomendasi dari anggota Komisaris                          recommendations from other members of the Board of
    lainnya dalam rangka: penyiapan dan penyusunan visi                    Commissioners to prepare and formulate the Company’s
    dan misi Perusahaan, penyusunan kebijakan & strategi                   vision and mission, formulating the Company’s Medium-
    Rencana Jangka Menengah dan/atau Jangka Panjang                        Term and/or Long-Term policy and strategy, including
    Perusahaan, termasuk dalam penyiapan dan penyusunan                    preparing and formulating the Company’s Annual Work
    Rencana Kerja dan Anggaran Perusahaan Tahunan, serta                   Plan and Budget, as well as chair the General Meeting of
    memimpin RUPS (Rapat Umum Pemegang Saham) dan                          Shareholders (GMS) and supervising the implementation
    pengawasan terhadap pelaksanaan keputusan Rapat                        of GMS resolutions.
    Umum Pemegang Saham.
2. Mengkoordinasi anggota Komisaris lainnya dalam                     2. Coordinating other members of the Board of
    rangka pelaksanaan wewenang dan kewajiban Dewan                      Commissioners in the exercise of the powers and
    Komisaris sebagaimana diatur dalam Anggaran Dasar                    duties of the Board of Commissioners as stipulated
    Perseroan Pasal 15 ayat 1 dan ayat 2 huruf a dan b, serta            in Article 15 paragraphs 1 and 2 letters a and b of the
    kewajiban lain yang diatur dalam ayat 4, yang meliputi               Company’s Articles of Association, as well as other
    antara lain: (a) menyampaikan saran dan pendapat                     duties stipulated in paragraph 4, which include, among
    kepada RUPS mengenai rencana pengembangan                            others: (a) submitting suggestions and opinions to the
    Perseroan, laporan tahunan dan laporan berkala lainnya               GMS regarding the Company’s development plans,


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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




     yang disampaikan Direksi; (b) memberikan pelaporan                annual reports and other periodic reports submitted by
     tentang tugas pengawasan yang telah dilaksanakan                  the Board of Directors; (b) reporting to the GMS on the
     selama tahun buku yang baru lampau kepada RUPS,                   supervisory duties that have been carried out during
     disertai saran dan langkah perbaikan yang harus                   the past fiscal year, accompanied by suggestions and
     ditempuh apabila Perseroan menunjukan gejala                      corrective measures that must be taken if the Company
     kemunduran; (c) memberikan persetujuan atas Rencana               shows signs of decline; (c) approving the Company’s
     Kerja dan Anggaran Perseroan Tahunan (RKAP) yang                  Annual Work Plan and Budget (RKAP) submitted by
     disampaikan Direksi dalam waktu selambat-lambatnya                the Board of Directors no later than 30 days before the
     30 (tiga puluh) hari sebelum tahun buku baru dimulai;             start of the new fiscal year; (d) leading and ensuring the
     (d) memimpin dan menjamin tercapainya efektivitas                 effectiveness of Board of Commissioners meetings and
     rapat-rapat Dewan Komisaris dan rapat koordinasi                  Board of Commissioners-Board of Directors coordination
     Dewan Komisaris-Direksi dan dalam pengambilan                     meetings and in the decision-making process, the
     keputusan rapat, penyusunan kesimpulan rapat dan                  preparation of meeting conclusions and minutes, and
     risalah rapat, serta menandatanganinya bersama                    signing them together with other Commissioners and/
     anggota Komisaris lainnya dan atau bersama Direksi;               or the Board of Directors; (e) chairing the GMS based on
     (e) memimpin RUPS berdasarkan surat keputusan                     a Board of Commissioners’ decree; (f) proposing to the
     Dewan Komisaris; (f) mengusulkan kepada RUPS                      GMS through the Board of Directors the appointment of
     melalui Direksi, penunjukan KAP (Kantor Akuntan Publik)           a Public Accounting Firm (KAP) to audit the Company’s
     yang akan melakukan audit atas Laporan Keuangan                   Financial Statements; (g) together with the Board of
     Perseroan; (g) bersama Direksi menyusun dan/atau                  Directors, compiling and/or updating guidelines (Board
     memperbarui pedoman (Board Manual) yang mengikat                  Manual) that are binding on every member of the Board of
     setiap anggota Direksi dan anggota Dewan Komisaris;               Directors and the Board of Commissioners; (h) together
     (h) bersama Direksi menyusun dan/atau memperbarui                 with the Board of Directors, prepare and/or update a
     kode etik yang berlaku bagi seluruh anggota Direksi,              code of conduct applicable to all members of the Board
     anggota Dewan Komisaris dan karyawan serta organ                  of Directors, members of the Board of Commissioners
     yang dimiliki Perseroan; (i) dalam kondisi tertentu               and employees as well as organs owned by the Company;
     wajib menyelenggarakan RUPS Tahunan dan RUPS                      (i) under certain conditions, be obliged to hold an Annual
     Lainnya, sesuai dengan kewenangan Dewan Komisaris                 GMS and Other GMS, per the authority of the Board of
     sebagaimana diatur dalam peraturan perundang-                     Commissioners as stipulated in the laws and regulations
     undangan dan Anggaran Dasar Perseroan; (j) Mendorong              and the Company’s Articles of Association; (j) Encourage
     dan memastikan pengelolaan Perseroan baik di                      and ensure that the management of the Company, both
     lingkungan Dewan Komisaris maupun di jajaran Direksi              within the Board of Commissioners and the Board of
     mematuhi Anggaran Dasar dan Peraturan Perundangan,                Directors, complies with the Articles of Association
     memenuhi prinsip-prinsip tata kelola perusahaan yang              and laws and regulations, and fulfills the principles
     baik, profesional, efisien, transparan dan kewajaran;             of good, professional, efficient, transparent, and fair
     (k) mengkoordinir anggota Dewan Komisaris dalam                   corporate governance; (k) Coordinating members of the
     melakukan penilaian kinerja Direksi secara individual             Board of Commissioners in assessing the performance
     dan kolegial dan melakukan pembahasan akhir                       of the Board of Directors individually and collectively
     untuk menetapkan hasil penilaian untuk memberikan                 and conducting final discussions to determine the
     rekomendasi Dewan Komisaris kepada Pemegang Saham                 assessment results to provide recommendations
     dalam pengusulan calon Direksi dan/atau remunerasi                from the Board of Commissioners to Shareholders in
     & tantiem Direksi; (I) Menyampaikan laporan kepada                proposing candidates for the Board of Directors and/
     RUPS dan/atau Pemegang Saham apabila terjadi gejala               or remuneration & bonuses for the Board of Directors;
     menurunnya kinerja perusahaan serta saran-saran yang              (I) Submitting reports to the GMS and/or Shareholders
     telah disampaikan kepada Direksi untuk memperbaiki                in the event of a decline in company performance and
     permasalahan yang dihadapi.                                       recommendations that have been submitted to the
                                                                       Board of Directors to improve the problems faced.
3. Selaku Komisaris Utama, menandatangani laporan-                  3. As President Commissioner, signing monthly reports
   laporan bulanan dan/atau laporan Triwulanan dan/atau                and/or quarterly reports and/or annual reports of the
   laporan tahunan Komite-Komite Dewan Komisaris.                      Board of Commissioners’ Committees.
4. Selaku Anggota Komite Nominasi dan Remunerasi,                   4. As a member of the Nomination and Remuneration
   menghadiri dan/atau memimpin rapat internal Komite                  Committee, attend and/or chair internal meetings of
   Nominasi dan Remunerasi dan/atau rapat Komite                       the Nomination and Remuneration Committee and/or
   dengan pihak lain, dalam hal Ketua Komite Nominasi                  Committee meetings with other parties, if the Chairman
   dan Remunerasi berhalangan hadir. Selain itu melakukan              of the Nomination and Remuneration Committee is unable
   pengawasan agar piagam (charter) Komite Nominasi dan                to attend. In addition, supervising that the charter of the
   Remunerasi telah terpenuhi dan dilakukan dengan baik,               Nomination and Remuneration Committee is fulfilled
   antara lain: (a) menyusun program kerja tahunan dan                 and carried out properly, including: (a) preparing the
   indikator kinerja kunci Komite Nominasi dan Remunerasi,             annual work program and key performance indicators
   untuk ditetapkan oleh Ketua Nominasi dan Remunerasi,                of the Nomination and Remuneration Committee, to
   (b) menyusun kajian Komite Nominasi dan Remunerasi                  be determined by the Chairman of the Nomination and
   tepat dan tajam, serta dapat dipergunakan sebagai                   Remuneration Committee, (b) preparing accurate and
   rekomendasi dan masukan bagi Dewan Komisaris                        insightful reviews of the Nomination and Remuneration
   dalam mengambil keputusan-keputusan, (c) menyusun                   Committee, that can be used as recommendations and
   Laporan Triwulan dan Laporan Tahunan Komite                         input for the Board of Commissioners in making decisions,


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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




     Nominasi dan Remunerasi, serta laporan capaian kinerja              (c) preparing Quarterly Reports and Annual Reports of
     Komite Nominasi dan Remunerasi yang dilakukan secara                the Nomination and Remuneration Committee, as well
     self assessment yang disusun dan diserahkan kepada                  as reports on the performance achievements of the
     pihak yang berkenaan tepat pada waktunya. Laporan-                  Nomination and Remuneration Committee conducted
     laporan tersebut akan disampaikan kepada Direksi                    through self assessment, which are prepared and
     untuk bahan penyusunan Laporan Tahunan Perseroan,                   submitted to the relevant parties on time. These reports
     (d) memberikan masukan, arahan, rekomendasi kepada                  will be submitted to the Board of Directors for use in
     Dewan Komisaris terkait fungsi nominasi mengenai:                   preparing the Company’s Annual Report, (d) provide
     (1) komposisi jabatan anggota Direksi dan/atau anggota              input, directive, and recommendations to the Board of
     Dewan Komisaris (kebijakan dan kriteria yang dibutuhkan             Commissioners regarding the nomination function on: (1)
     dalam proses nominasi) dan (2) kebijakan evaluasi                   the composition of the Board of Directors and/or Board
     kinerja bagi anggota Direksi (3) membantu Dewan                     of Commissioners (policies and criteria required in the
     Komisaris melakukan penilaian kinerja anggota Direksi,              nomination process) and (2) performance evaluation
     program pengembangan kemampuan Dewan Komisaris,                     policies for members of the Board of Directors (3)
     serta usulan calon yang memenuhi syarat sebagai                     assisting the Board of Commissioners in assessing the
     anggota Direksi dan/atau anggota Dewan Komisaris                    performance of members of the Board of Directors,
     untuk diusulkan kepada Pemegang Saham dan/atau                      the competency development program, and proposals
     RUPS, (e) memberikan masukan, arahan, rekomendasi                   for qualified candidates as members of the Board of
     kepada Dewan Komisaris terkait fungsi remunerasi bagi               Directors and/or the Board of Commissioners to be
     Direksi.                                                            proposed to the Shareholders and/or the GMS, (e)
                                                                         providing input, directive, and recommendations to the
                                                                         Board of Commissioners on the remuneration function
                                                                         for the Board of Directors.
5. Memberikan masukan, arahan, kesimpulan, tanggapan                  5. Providing input, direction, conclusions, responses, and
   dan persetujuan Dewan Komisaris, terkait dengan                       approval of the Board of Commissioners regarding
   permohonan Direksi untuk perbuatan-perbuatan Direksi                  requests from the Board of Directors for actions of
   dalam hal sebagaimana yang diatur dalam Anggaran                      the Board of Directors as stipulated in the Articles of
   Dasar PT Jasa Marga (Persero) Tbk. Pasal 12 ayat 7                    Association of PT Jasa Marga (Persero) Tbk. Article 12,
   huruf i, ii, iii, iv, v dan ayat 10 a.                                paragraph 7, letters i, ii, iii, iv, v, and paragraph 10 a.

Nachrowi Ramli, Komisaris lndependen, menangani tugas                 Nachrowi Ramli, Independent Commissioner, is responsible
pengawasan dan pemberian nasihat kepada Direksi dalam                 for supervising and advising the Board of Directors in the
Bidang Pengelolaan Human Capital dan Transformasi                     areas of Human Capital Management and Organizational
Organisasi dan Program Kemitraan dan Bina Lingkungan                  Transformation,      the    Partnership    and    Community
(PKBL), serta merangkap sebagai Ketua Komite Nominasi                 Development Program (PKBL), as well as serving as
dan Remunerasi. Uraian tugasnya meliputi hal-hal sebagai              Chairman of the Nomination and Remuneration Committee.
berikut:                                                              His duties include the following:
1. Menyampaikan kepada RUPS laporan tentang                           1. Submitting a report to the GMS on the implementation of
    pelaksanaan tugas pengawasan Dewan Komisaris                          the Board of Commissioners’ supervisory duties during
    selama tahun buku yang lampau kepada RUPS.                            the past fiscal year.
2. Menangani tugas pengawasan dan pemberian nasihat                   2. Overseeing and advising the Board of Directors on
    kepada Direksi terkait pelaksanaan pembinaan                          the implementation of human capital development
    dan pengembangan bidang human capital dan                             and transformation, Partnership and Community
    transformasi, program Kemitraan & Bina Lingkungan                     Development (PKBL) programs, which includes
    (PKBL), yang meliputi tugas memberikan masukan,                       providing input, directive, and recommendations in the
    arahan, rekomendasi dalam rangka: (a) Penetapan arah                  context of: (a) Determining the direction of policies and
    kebijakan dan strategi Human Capital Development,                     strategies for human capital development, human capital
    Human Capital Services, Jasa Marga Learning Institute                 services, Jasa Marga Learning Institute and Strategic
    dan Strategic Transformation, Innovation Center, dan                  Transformation, Innovation Center, and Strategic
    Strategic Transformation Office, termasuk penyusunan                  Transformation Office, including the preparation and
    dan penetapan struktur organisasi Perseroan yang efektif              determination of an effective and efficient organizational
    dan efisien, uraian fungsi dan tugas pokok pejabat 1 (satu)           structure for the Company, the description of the
    tingkat di bawah jabatan Direksi, sistem tata kelola dan              functions and main duties of officials one level below
    pengembangannya; (b) Pengawasan atas pelaksanaan                      the Board of Directors, and the governance system and
    manajemen pengelolaan dan pengembangan sistem                         its development; (b) Supervision of the implementation
    human capital yang tepat, akuntabel, efisien dan                      of appropriate, accountable, efficient, and responsible
    dapat dipertanggung jawabkan; (c) Pengawasan                          human capital management and development
    atas pelaksanaaan manajemen pengelolaan dan                           systems; (c) Supervision of the implementation of
    pengembangan sistem logistik, pengamanan aset milik                   logistics management and development systems,
    Perusanaan dan/atau milik Negara, serta aktivitas umum                security of Company and/or State assets, and other
    lainnya, berdasarkan ketentuan peraturan perundang-                   general activities, based on the provisions of laws
    undangan dan prinsip-prinsip tata kelola perusahaan                   and regulations and the principles of good corporate
    yang baik; (d) Pengawasan atas pelaksanaan manajemen                  governance; (d) Overseeing the implementation of
    pengelolaan dan pengembangan Pusat Pembelajaran                       management and development of the Learning Center
    yang menyelenggarakan pendidikan, pelatihan dan                       that provides education, training, and management


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Main Performace Highlights   Management Report    Company Profile           Management Discussion and Analysis       Business Support Functions




     manajemen yang terkait pengembangan human                          related to human capital development for the Company
     capital bagi Perusahaan dan Anak Perusahaan serta                  and its Subsidiaries as well as other companies; (e)
     Perusahaan lain; (e) Pengelolaan aktivitas Perusahaan              Management of Company activities per applicable laws
     sesuai dengan peraturan perundang-undangan dan                     and regulations and Company regulations, as well as
     peraturan Perusahaan yang berlaku, serta pengelolaan               management of services and resolution of legal issues;
     pelayanan dan penyelesaian permasalahan bidang                     (f) Preparation of requirements and procedures for the
     hukum; (f) penyusunan persyaratan dan tata cara                    nomination of candidates for the Board of Directors and
     nominasi calon Direksi dan Komisaris Anak Perusahaan,              Board of Commissioners of Subsidiaries, determination
     penetapan komposisi jabatan dan pengangkatannya,                   of the composition of positions and their appointment,
     termasuk untuk jabatan Sekretaris Perusahaan &                     including for the positions of Corporate Secretary
     Internal Audit Group Head; (g) Pelaksanaan pengadaan               & Internal Audit Group Head; (g) Implementing the
     lembaga profesional yang melakukan uji kelayakan                   procurement of professional institutions that conduct fit
     dan kepatutan terhadap calon-calon Direksi dan/atau                and proper tests for candidates for the Board of Directors
     Dewan Komisaris; (h) Menyusun usulan besaran, jenis                and/or Board of Commissioners; (h) Preparing proposals
     dan fasilitas remunerasi dan besaran alokasi tantiem,              on the amount, type, and facilities of remuneration
     untuk dibahas dan diputuskan Direksi dalam RKAP dan                and the amount of bonus allocation, to be discussed
     untuk kemudian diusulkan kepada Dewan Komisaris; (i)               and decided by the Board of Directors in the RKAP
     Melaksanakan pelaksanaan Peraturan Menteri Badan                   and then proposed to the Board of Commissioners; (i)
     Usaha Milik Negara tentang Pedoman Penetapan                       Implementing the Minister of State-Owned Enterprises
     Penghasilan Direksi, Dewan Komisaris Badan Usaha Milik             Regulation on Guidelines for Determining the Income
     Negara, khususnya dalam mengusulkan gaji/honorarium,               of the Board of Directors, Board of Commissioners of
     tunjangan fasilitas dan tantiem/insentif kinerja anggota           State-Owned Enterprises, particularly in proposing
     Direksi dan Dewan Komisaris, kepada Menteri Badan                  salaries/honoraria, facility allowances and bonuses/
     Usaha Milik Negara, selaku Pemegang Saham Seri A                   performance incentives for members of the Board of
     Dwiwarna PT Jasa Marga (Persero) Tbk yakni sebagai                 Directors and Board of Commissioners, to the Minister
     tindak lanjut keputusan RUPS Tahunan Perseroan.                    of State-Owned Enterprises, as the holder of Series A
                                                                        Dwiwarna shares of PT Jasa Marga (Persero) Tbk, as a
                                                                        follow-up to the Company’s Annual GMS resolution.
3. Melakukan penilaian kinerja Direksi secara individual dan         3. Conducting individual and collegial performance
   kolegial untuk kemudian dibahas dalam rapat Dewan                    assessments of the Board of Directors, which are then
   Komisaris untuk menetapkan hasil penilaian sebagai                   discussed in Board of Commissioners meetings to
   rekomendasi Dewan Komisaris kepada Pemegang                          determine the assessment results as recommendations
   Saham dalam pengusulan calon Direksi dan/atau                        from the Board of Commissioners to the Shareholders
   remunerasi & tantiem Direksi.                                        in proposing candidates for the Board of Directors and/
                                                                        or remuneration and bonuses for the Board of Directors.
4. Selaku Komite Nominasi dan Remunerasi (KNR),                      4. As the Nomination and Remuneration Committee (KNR),
   memastikan bahwa piagam (charter) KNR telah terpenuhi                ensuring that the KNR charter has been fulfilled and
   dan dilakukan dengan baik antara lain: (a) menetapkan                implemented properly, including: (a) establishing the
   program kerja tahunan dan indikator kinerja kunci Komite             annual work program and key performance indicators
   Nominasi dan Remunerasi, (b) mengarahkan agar hasil                  of the Nomination and Remuneration Committee, (b)
   kajian Komite Nominasi dan Remunerasi tepat dan                      directing the results of the Nomination and Remuneration
   tajam, serta dapat dipergunakan sebagai rekomendasi                  Committee’s review to be accurate and precise, and can
   dan masukan bagi Dewan Komisaris dalam mengambil                     be used as recommendations and input for the Board
   keputusan-keputusan, (c) menandatangani risalah rapat                of Commissioners in making decisions, (c) signing the
   Komite Nominasi dan Remunerasi, (d) menerbitkan dan                  minutes of the Nomination and Remuneration Committee
   menandatangani laporan Triwulan dan Laporan Tahunan                  meetings, (d) publishing and signing the Nomination
   Komite Nominasi dan Remunerasi, serta laporan capaian                and Remuneration Committee’s Quarterly and Annual
   kinerja Komite Nominasi dan Remunerasi yang dilakukan                Reports, as well as the Nomination and Remuneration
   secara self assessment selesai pada waktunya, yang                   Committee’s performance achievement report, which is
   nantinya akan disampaikan kepada Direksi untuk bahan                 conducted through a timely self assessment, which will
   penyusunan laporan tahunan Perseroan.                                later be submitted to the Board of Directors for use in
                                                                        preparing the Company’s annual report.
5. Memberikan rekomendasi masukan, arahan, kesimpulan,               5. Provide recommendations, input, directives, conclusions,
   tanggapan dan persetujuan Dewan Komisaris sesuai                     responses, and approvals of the Board of Commissioners
   dan terkait bidang tugas dan kewajibannya sehubungan                 in accordance with and related to their duties and
   dengan permohonan Direksi untuk perbuatan-perbuatan                  obligations in connection with the Board of Directors’
   Direksi dalam hal sebagaimana yang diatur dalam                      requests for actions of the Board of Directors as
   Anggaran Dasar PT Jasa Marga (Persero) Tbk. Pasal 12                 stipulated in the Articles of Association of PT Jasa Marga
   ayat 7 huruf i, ii, iii,iv,v, dan ayat 10 a.                         (Persero) Tbk. Article 12, paragraph 7, letters i, ii, iii, iv, v,
                                                                        and paragraph 10 a.

Rudi Antariksawan, Komisaris lndependen, menangani                   Rudi Antariksawan, Independent Commissioner, handles
tugas pengawasan dan pemberian nasihat kepada Direksi di             supervisory duties and provides advice to the Board of
bidang pengembangan usaha, merangkap sebagai anggota                 Directors in the area of business development. He also



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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Komite Audit, yang meliputi tugas untuk memberikan                    serves as a member of the Audit Committee, which includes
masukan, arahan dan rekomendasi persetujuan tertulis                  the task of providing input, directive, and recommendations
Dewan Komisaris kepada Direksi terutama dalam rangka:                 for written approval by the Board of Commissioners to the
                                                                      Board of Directors, particularly in the context of:
1.   Penyusunan dan penetapan arah kebijakan dan strategi             1. Formulating and determining policy directions and
     dalam pengembangan usaha bisnis jalan tol dan bisnis                 strategies for the development of toll road businesses
     lain jangka panjang, menengah dan pendek, sesuai                     and other long-term, medium-term, and short-term
     dengan kebijakan dan strategi Perseroan.                             businesses, in accordance with the Company’s policies
                                                                          and strategies.
2. Penyusunan dan penetapan arah kebijakan dan strategi               2. Formulating and determining policy directions and
   dalam pengembangan teknik dan rekayasa teknik                          strategies for the development of toll road construction
   pembangunan jalan tol maupun pembangunan bisnis                        engineering and non-toll road construction (such
   non tol (seperti properti, rest area, pengoperasian dan                as property, rest areas, toll road operation and
   pemeliharaan jalan tol), dalam rangka menghasilkan jalan-              maintenance), to produce toll roads, property buildings,
   jalan tol dan bangunan properti dan usaha non properti                 and non-property businesses built and operated by the
   yang dibangun dan dioperasikan oleh Perseroan adalah                   Company that are of high quality, modern, effective,
   jalan tol, properti dan non properti yang bermutu tinggi,              efficient, environmentally friendly, reliable in operation,
   modern, efektif dan efisien serta ramah lingkungan dan                 and generate profitable business income for the
   handal dioperasikan serta mendatangkan pendapatan                      Company.
   usaha yang menguntungkan Perseroan.
3. Pengelolaan pengembangan Project Management Office                 3. Management of the development of the Project
   dan penambahan konsesi ruas jalan tol baru, baik melalui              Management Office and the addition of new toll road
   cara solicited dan unsolicited project maupun akuisisi,               concessions, either through solicited and unsolicited
   serta proyek properti dan non properti, yang meliputi                 projects or acquisitions, as well as property and non-
   tahap perencanaan investasi, pengajuan permohonan                     property projects, which include the investment
   persetujuan investasi dan persetujuan investasi dari                  planning stage, submission of investment approval
   Dewan Komisaris dan atau Pemegang Saham, dan                          applications and investment approvals from the Board of
   kemudian dilanjutkan tahap eksekusi investasi yang                    Commissioners and/or Shareholders, and then continuing
   berupa penyusunan proposal tender investasi dan                       to the investment execution stage in the form of preparing
   keikutsertaan dalam tahap prakualifikasi dan pemasukan                investment tender proposals and participating in the pre-
   surat penawaran tender.                                               qualification stage and submitting tender bids.
4. Pengelolaan persiapan pembangunan proyek jalan                     4. Management of the preparation for the construction
   tol baru termasuk proyek peningkatan kapasitas jalan                  of new toll road projects, including toll road capacity
   tol yang meliputi penetapan lay-out/lokasi proyek,                    expansion projects, which includes determining the
   pembebasan lahan, pengadaan kontraktor dan                            project layout/location, land acquisition, procurement
   pengawasan atas mobilisasi sumber dayanya dan                         of contractors, and supervision of the mobilization
   pelaksanaan pekerjaan fisik proyek. Tahapan-tahapan                   of resources and implementation of physical project
   tersebut menjadi wewenang pengawasan sehingga                         work. These stages are subject to supervision to
   proyek jalan tol dapat diselesaikan sesuai dengan                     ensure the toll road project is completed according to
   jadwal waktu, pemenuhan spesifikasi teknis, legal dan                 schedule, fulfilling technical, legal, and environmental
   lingkungan serta manfaatnya dan siap dioperasikan.                    specifications and benefits, and is ready for operation.

     Pengelolaan pengembangan bisnis jalan tol baru dan                    The management of new toll road business development
     bisnis non tol dapat dilakukan dengan cara lain yaitu                 and non-toll road business can be carried out in other
     sebagai berikut:                                                      ways, as follows:
     a. Dalam hal tertentu, pengelolaan pengembangan                       a. In certain cases, the management of new toll road
         jalan tol baru dan bisnis lain menggunakan hasil                     development and other businesses uses the results
         kajian investasi dari Pemerintah atau pihak lain,                    of investment studies from the Government or other
         yang pengadaannya dilakukan secara pelelangan,                       parties, which are procured through a tender process,
         sehingga keterlibatan Perseroan dimulai dari                         so that the Company’s involvement begins at the
         tahapan prakualifikasi. Dengan demikian sebelum                      pre-qualification stage. Thus, before entering the
         masuk dalam tahap pemasukan surat keikut-sertaan                     stage of submitting a pre-qualification participation
         prakualifikasi, Direksi menyampaikan terlebih dahulu                 letter, the Board of Directors first submits project
         data kelayakan proyek, manfaat dan risiko investasi                  feasibility data, investment benefits and risks, and
         dan mitigasinya kepada Dewan Komisaris untuk                         their mitigation to the Board of Commissioners for
         dievaluasi dan dikaji, yang hasilnya dipakai oleh                    evaluation and review, the results of which are used
         Dewan Komisaris untuk memberikan rekomendasinya                      by the Board of Commissioners to provide their
         yaitu apakah Direksi dapat meneruskan ke tahap-                      recommendation on whether the Board of Directors
         tahap pelelangan berikutnya atau tidak.                              can proceed to the next stages of the tender or not.
     b. Pengelolaan pengembangan bisnis jalan tol baru                     b. Management of new toll road business development
         melalui akuisisi ruas-ruas jalan tol, yaitu meliputi                 through the acquisition of toll road sections, which
         tahap perencanaan akuisisi ruas jalan tol dalam RKAP                 includes the stage of planning the acquisition of
         Perseroan, pengajuan permohonan persetujuan                          toll road sections in the RKAP, submitting a request
         akuisisi   kepada       Dewan  Komisaris      dengan                 for approval of the acquisition to the Board of



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Ikhtisar Kinerja Utama        Laporan Manajemen        Profil Perusahaan          Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights    Management Report        Company Profile            Management Discussion and Analysis       Business Support Functions




          melampirkan data kelayakan ruas jalan tol yang                            Commissioners by attaching feasibility data on the
          akan diakusisi, meliputi kelayakan teknis, finansial,                     toll road sections to be acquired, including technical,
          legal ekonomis, manfaat, bankable, kemampuan                              financial, legal, economic, benefits, bankability, the
          pendanaan Perseroan, rencana bisnis dan profil risiko                     Company’s funding capabilities, business plans and
          investasi, untuk dievaluasi dan dikaji oleh Dewan                         investment risk profiles, to be evaluated and reviewed
          Komisaris, yang hasilnya dipakai Dewan Komisaris                          by the Board of Commissioners, the results of which
          untuk memberikan rekomendasinya apakah Direksi                            are used by the Board of Commissioners to provide
          dapat meneruskan ke tahap pelaksanaan akuisisi                            recommendations on whether the Board of Directors
          atau tidak.                                                               can proceed to the acquisition implementation stage
                                                                                    or not.
     c. Pengelolaan pengembangan bisnis jalan tol baru                         c. Management of new toll road business development
        melalui akuisisi sebagian saham atau seluruh saham                          through the acquisition of partial or total shares of toll
        ruas-ruas jalan tol, yaitu meliputi tahap perencanaan                       road sections, which includes the toll road section
        akuisisi ruas jalan tol dalam RKAP Perseroan,                               acquisition planning stage in the Company’s RKAP,
        pengajuan permohonan persetujuan akuisisi kepada                            submission of an acquisition approval request to
        Dewan Komisaris dengan melampirkan data kelayakan                           the Board of Commissioners with attached feasibility
        ruas jalan tol yang akan diakusisi, meliputi kelayakan                      data on the toll road section to be acquired, including
        teknis, finansial, legal, ekonomis, manfaat, bankable,                      technical, financial, legal, economic, benefits,
        kemampuan pendanaan Perseroan dan rencana                                   bankability, the Company’s funding capabilities,
        bisnis dan profil risiko investasi, untuk dievaluasi                        and the business plan and investment risk profile,
        dan dikaji oleh Dewan Komisaris, yang hasilnya                              to be evaluated and reviewed by the Board of
        dipakai oleh Dewan Komisaris untuk memberikan                               Commissioners, the results of which are used by the
        rekomendasinya apakah Direksi dapat meneruskan                              Board of Commissioners to provide its recommendation
        ke tahap pelaksanaan akuisisi atau tidak.                                   on whether the Board of Directors can proceed to the
                                                                                    acquisition implementation stage or not.
5. Melakukan pengawasan atas pelaksanaan manajemen                        5.   Supervise the implementation of risk management and
   risiko beserta mitigasinya terkait dengan pembangunan                       mitigation related to the construction of new toll roads
   jalan tol baru dan akuisisi ruas-ruas jalan tol serta                       and the acquisition of toll road sections, as well as the
   pembangunan sarana dan prasarana jalan tol.                                 construction of toll road facilities and infrastructure.
6. Pengelolaan dan pengembangan inisiasi bisnis                           6.   Manage and develop the Company’s business initiatives,
   Perusahaan, khususnya pengembangan bisnis yang                              particularly the development of businesses related
   terkait dengan bidang sistem informasi dan teknologi                        to information systems and information technology,
   informasi, bidang pemeliharaan, bidang rest area dan                        maintenance, rest areas and related businesses, in terms
   related business, dalam hal melakukan eksekusi dan                          of executing and increasing business opportunities
   meningkatkan peluang bisnis baik di dalam maupun di                         both within and outside the company’s business
   luar wilayah operasi kelompok usaha Perusahaan untuk                        group’s operating area to increase and/or maximize
   meningkatkan dan/atau memaksimalkan pendapatan                              the Company’s revenue and added value through the
   dan nilai tambah Perusahaan melalui pengembangan                            development of the toll road operations of Subsidiaries
   operasi jalan tol Anak Perusahaan dan Usaha Lain lnduk                      and Other Businesses of the Parent Company and
   dan Anak Perusahaan yang telah beroperasi.                                  Subsidiaries that are already in operation.
7. Melakukan pengawasan atas pelaksanaan pembinaan                        7.   Supervising the implementation of guidance and
   dan pengelolaan dalam pengembangan usaha di bidang                          management in business development in the toll road
   jalan tol, usaha lain (rest area, iklan dan utilitas) serta toll            sector, other businesses (rest areas, advertising, and
   corridor development.                                                       utilities), and toll corridor development.
8. Selaku Anggota Komite Audit, menghadiri dan/atau                       8.   As a member of the Audit Committee, attending and/
   memimpin rapat internal Komite Audit dan/atau rapat                         or chairing internal Audit Committee meetings and/or
   Komite dengan pihak lain, dalam hal Ketua Komite Audit                      Committee meetings with other parties, if the Chairman
   berhalangan hadir. Selain itu melakukan pengawasan                          of the Audit Committee is unable to attend. In addition,
   agar piagam (charter) Komite Audit telah terpenuhi                          supervising to ensure that the Audit Committee charter
   dan dilakukan dengan baik, antara lain: (a) menyusun                        is fulfilled and implemented properly, including: (a)
   program kerja tahunan dan indikator kinerja kunci                           preparing the Audit Committee’s annual work program
   Komite Audit, untuk ditetapkan oleh Ketua Komite                            and key performance indicators, to be determined by
   Audit, (b) menyusun kajian Komite Audit tepat dan                           the Chairman of the Audit Committee, (b) preparing
   tajam, serta dapat dipergunakan sebagai rekomendasi                         accurate and insightful Audit Committee reviews, which
   dan masukan bagi Dewan Komisaris dalam mengambil                            can be used as recommendations and input for the Board
   keputusan-keputusan, (c) menyusun Laporan Triwulan                          of Commissioners in making decisions, (c) preparing
   dan Laporan Tahunan Komite Audit, serta laporan                             Quarterly and Annual Reports of the Audit Committee,
   capaian kinerja Komite Audit yang dilakukan secara self                     as well as reports on the performance of the Audit
   assessment yang disusun dan diserahkan kepada pihak                         Committee conducted through self-assessment, which
   yang berkenaan tepat pada waktunya. Laporan-laporan                         are prepared and submitted to the relevant parties on
   tersebut akan disampaikan kepada Direksi untuk bahan                        time. These reports will be submitted to the Board of
   penyusunan Laporan Tahunan Perseroan.                                       Directors for use in preparing the Annual Report.
9. Memberikan rekomendasi masukan, arahan, kesimpulan,                    9.   Providing       recommendations,        input,     directives,
   tanggapan dan persetujuan Dewan Komisaris sesuai                            conclusions, responses, and approvals of the Board of



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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




     dan terkait bidang tugas dan kewajibannya sehubungan                  Commissioners in accordance with and related to their
     dengan permohonan Direksi untuk perbuatan-perbuatan                   duties and obligations in connection with the Board of
     Direksi dalam hal sebagaimana yang diatur dalam                       Directors’ requests for actions to be taken by the Board
     Anggaran Dasar PT Jasa Marga (Persero) Tbk. Pasal 12                  of Directors as stipulated in the Articles of Association
     ayat 7 huruf i, ii, iii,iv,v, dan ayat 10 a.                          of PT Jasa Marga (Persero) Tbk. Article 12, paragraph 7,
                                                                           letters i, ii, iii, iv, v, and paragraph 10 a.

Tedi Kurniawan, Komisaris lndependen, menangani tugas                 Tedi Kurniawan, Independent Commissioner, handles
pengawasan dan pemberian nasihat kepada Direksi di                    supervisory duties and provides advice to the Board of
Bidang Operasi dan Pemeliharaan, dan merangkap sebagai                Directors in the areas of Operations and Maintenance,
Ketua Komite Audit, yang meliputi tugas untuk memberikan              and also serves as Chairman of the Audit Committee,
masukan, arahan, rekomendasi dalam rangka:                            which includes the duties of providing input, directive, and
                                                                      recommendations in the context of:
1. Penetapan arah kebijakan dan strategi dalam Operation              1. Determining policy and strategy directions in
   Business Planning & Performance serta managemen                        Operation Business Planning & Performance, as well
   pengoperasian dan pemeliharaan serta peningkatan                       as the management of operation, maintenance, and
   jalan tol beserta seluruh kelengkapannya.                              improvement of toll roads and all their facilities.
2. Pengelolaan manajemen pengoperasian jalan tol yang                 2. Management of toll road operations, including toll
   meliputi pengumpulan tol dan manajemen lalu lintas jalan               collection and effective, safe, and reliable toll road
   tol yang efektif, aman dan handal oleh PT Jasamarga                    traffic management by PT Jasamarga Tollroad Operator
   Tollroad Operator (PT JMTO), PT Jasamarga Toll Road                    (PT JMTO), PT Jasamarga Toll Road Maintenance
   Maintenance (PT JMTM) dan PT Jakarta Lingkarluar                       (PT JMTM), and PT Jakarta Lingkarluar Jakarta (PT JLJ),
   Jakarta (PT JLJ) dimana:                                               whereby:
   a. Transaksi pembayaran tol lancar, aman dari                          a. Smooth toll payment transactions, secure from
       manipulasi/kerusakan, serta memenuhi standar                           manipulation/damage, and meeting minimum
       pelayanan minimum, dan pengumpulan pendapatan                          service standards, as well as transparent, secure,
       tol transparan, aman, akuntabel dan cepat.                             accountable, and fast toll revenue collection.
   b. Kelancaran lalu lintas di gardu tol dan antrian                     b. Smooth traffic flow at toll booths and vehicle queues
       kendaraan di gerbang tol sesuai dengan standar                         at toll gates in accordance with minimum service
       pelayanan minimum.                                                     standards.
   c. Manajemen pengoperasian jalan tol yang modern,                      c. Modern, effective, safe, and reliable toll road operation
       efektif, aman dan handal, dengan memanfaatkan                          management,       utilizing  advanced        information
       teknologi informasi yang canggih, penggunaan                           technology, the use of advanced, compatible, and
       peralatan tehnis gardu tol yang canggih, compatible                    reliable toll gate technical equipment that enables
       dan handal yang memungkinkan dilaksanakan                              the integration of toll payment transactions between
       pengintegrasian transaksi pembayaran tol antar                         operators, and supported by adequate toll road
       operator, serta didukung dengan sarana dan                             facilities and infrastructure to provide toll road
       prasarana penunjang jalan tol yang cukup, dalam                        traffic services that meet safety standards, travel
       rangka pemberian pelayanan lalu lintas jalan tol yang                  speed, and improved response time for handling
       memenuhi standar keamanan, kecepatan tempuh                            travel disruptions, which meet the Minimum Service
       serta peningkatan response time penanganan                             Standards (SPM).
       gangguan perjalanan, yang memenuhi Standar
       Pelayanan Minimal (SPM).
3. Pengelolaan manajemen pemeliharaan dan peningkatan                 3. The management of maintenance and capacity
   kapasitas jalan tol beserta seluruh sarana dan prasarana              improvement of toll roads and all supporting facilities and
   penunjang jalan tol oleh PT Jasamarga Tollroad                        infrastructure by PT Jasamarga Tollroad Maintenance
   Maintenance (PT JMTM) dan PT Jakarta Lingkarluar                      (PT JMTM) and PT Jakarta Lingkarluar Jakarta (PT JLJ)
   Jakarta (PT JLJ) dilakukan secera efektif dan efisien,serta           is carried out effectively, efficiently, and on time, so
   tepat pada waktunya, sehingga kondisi jalan tol yang                  that the toll road is in reliable condition to support the
   handal untuk mendukung tercapainya kecepatan tempuh                   achievement of average travel speed, safety, comfort,
   rata-rata, keamanan, kenyamanan dan mobilitas, serta                  and mobility, and is operated in a condition that always
   dioperasikan dalam kondisi yang selalu memenuhi                       meets minimum service standards and ensures that
   standar pelayanan minimum dan menjamin kenaikan tarif                 tariff increases are achieved according to schedule.
   dicapai tepat sesuai dengan jadwalnya.
4. Selaku Ketua Komite Audit (KA), memastikan bahwa                   4. As Chairman of the Audit Committee (KA), ensure that
   piagam (charter) KA telah terpenuhi dan dilakukan                     the KA charter is fulfilled and implemented properly,
   dengan baik antara lain: (a) menetapkan program                       including: (a) establishing the annual work program and
   kerja tahunan dan indicator kinerja kunci Komite Audit,               key performance indicators of the Audit Committee,
   (b) mengarahkan agar hasil kajian Komite Audit tepat dan              (b) directing the Audit Committee to produce accurate and
   tajam, serta dapat dipergunakan sebagai rekomendasi                   incisive reviews that can be used as recommendations
   dan masukan bagi Dewan Komisaris dalam mengambil                      and input for the Board of Commissioners in making
   keputusan-keputusan, (c) menandatangani risalah rapat                 decisions, (c) signing the minutes of the Audit Committee
   Komite Audit, (d) menerbitkan dan menandatangani                      meetings, (d) publishing and signing the Audit
   laporan Triwulan dan Laporan Tahunan Komite Audit,                    Committee’s Quarterly and Annual Reports, as well as



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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile           Management Discussion and Analysis       Business Support Functions




   serta laporan capaian kinerja Komite Audit yang dilakukan           the Audit Committee’s performance achievement report,
   secara self assessment selesai pada waktunya, yang                  which is conducted through a timely self assessment,
   nantinya akan disampaikan kepada Direksi untuk bahan                which will later be submitted to the Board of Directors for
   penyusunan laporan tahunan Perseroan.                               use in preparing the annual report.
5. Selaku Ketua Komite Audit (KA) melakukan evaluasi atas           5. As Chairman of the Audit Committee (KA), evaluate
   kinerja auditor eksternal dalam rangka pengadaan KAP                the performance of external auditors in the context
   yang akan melakukan audit umum Perusahaan yang                      of procuring a KAP to conduct a general audit of the
   akan diusulkan Dewan Komisaris (melalui Direksi) untuk              Company, which will be proposed by the Board of
   disetujui dan ditetapkan oleh RUPS.                                 Commissioners (through the Board of Directors) for
                                                                       approval and determination by the GMS.
6. Memberikan rekomendasi masukan, arahan, kesimpulan,              6. Providing      recommendations,              input,   directives,
   tanggapan dan persetujuan Dewan Komisaris sesuai                    conclusions, responses, and approvals to the Board of
   dan terkait bidang tugas dan kewajibannya sehubungan                Commissioners in accordance with and related to their
   dengan permohonan Direksi untuk perbuatan-perbuatan                 duties and obligations in connection with the Board of
   Direksi dalam hal sebagaimana yang diatur dalam                     Directors’ requests for actions as stipulated in the Articles
   Anggaran Dasar PT Jasa Marga (Persero) Tbk. Pasal 12                of Association of PT Jasa Marga (Persero) Tbk. Article 12,
   ayat 7 huruf i, ii,iii,iv,v dan ayat 10 a.                          paragraph 7, letters i, ii, iii, iv, v, and paragraph 10 a.

Syamsul Bachri Yusuf, Komisaris, menangani tugas                    Syamsul Bachri Yusuf, Commissioner, handles supervisory
pengawasan dan pemberian nasihat kepada Direksi di                  duties and provides advice to the Board of Directors in
Bidang Pengelolaan Bisnis, merangkap sebagai Ketua                  the area of Business Management, concurrently serving
Komite Pemantau Risiko dan Hukum yang meliputi tugas                as Chairman of the Risk Monitoring and Legal Committee,
untuk memberikan masukan, arahan, rekomendasi dalam                 which includes the duties of providing input, directive, and
rangka:                                                             recommendations in the context of:
1. Penetapan arah kebijakan dan strategi dalam                      1. Determining the direction of policies and strategies in
   pengelolaan manajemen bisnis Perusahaan dan sistem                   the management of the Company’s business and the
   teknologi informasi Perseroan dan pengembangannya.                   Company’s information technology systems and their
                                                                        development.
2. Penetapan arah kebijakan dan strategi dalam                      2. Establishing policy and strategy directions in business
   pengelolaan manajemen bisnis di tingkat Regional                     management at the Company’s regional level, and
   Perusahaan dan sistem teknologi informasi Regional dan               regional information technology systems and their
   pengembangannya.                                                     development.
3. Penetapan arah kebijakan dan strategi dalam                      3. Determining the direction of policies and strategies
   pengelolaan manajemen bisnis Perusahaan dan sistem                   in the management of the Company’s business and
   teknologi informasi dan pengembangannya di tingkat                   information technology systems and their development
   APJT - APJT yang telah operasional di masing-masing                  at the APJTs levels that are already operational in each
   Regional, Metropolitan, Nusantara dan Transjawa, serta               Regional, Metropolitan, Nusantara, and Transjawa
   dalam mengeksekusi dan meningkatkan peluang bisnis                   areas, as well as in executing and increasing business
   baik di dalam maupun di luar wilayah operasi kelompok                opportunities both within and outside the company’s
   usaha Perseroan.                                                     business group’s operating areas.
4. Pengelolaan manajemen dalam sistem informasi dan                 4. Management of the Company’s information and
   teknologi informasi Perseroan, termasuk teknologi                    information technology systems, including toll road
   operasi jalan tol, dalam hal perencanaan, pembangunan,               operation technology, in terms of planning, development,
   operasional dan pengendalian teknologi informasi.                    operation, and control of information technology.
5. Pengelolaan      manajemen      pemantauan,    evaluasi,         5. Management of monitoring, evaluation, coordination,
   koordinasi dan pengendalian APJT-APJT operasional                    and control of operational APJTs to achieve strategic
   dalam rangka untuk mencapai sasaran strategis, standar               objectives,    operating     system    standards,    and
   sistem operasi dan tolok ukur kinerja.                               performance benchmarks.
6. Pengelolaan dan pengendalian kinerja pengoperasian               6. Management and control of regional operational
   Regional    dalam      manajemen     pengumpulan     tol,            performance in toll collection management, its
   keefektivitasnya       dan     pengamanannya,      serta             effectiveness and security, as well as the development
   pengembangan sistem teknologi operasional.                           of operational technology systems.
7. Selaku Komite Pemantau Risiko dan Hukum, memastikan              7. As the Risk Monitoring and Legal Committee
   bahwa piagam (charter) KRH telah terpenuhi dan                       (KRH), ensuring that the KRH charter is fulfilled and
   dilakukan dengan baik antara lain: (a) menetapkan                    implemented properly, including: (a) establishing the
   program kerja tahunan dan indikator kinerja kunci Komite             annual work program and key performance indicators
   Pemantau Risiko dan Hukum, (b) mengarahkan agar hasil                of the Risk Monitoring and Legal Committee, (b)
   kajian Komite Pemantau Risiko dan Hukum tepat dan                    directing the Risk Monitoring and Legal Committee to
   tajam, serta dapat dipergunakan sebagai rekomendasi                  produce accurate and incisive review results that can
   dan masukan bagi Dewan Komisaris dalam mengambil                     be used as recommendations and input for the Board
   keputusan-keputusan, (c) menandatangani risalah rapat                of Commissioners in making decisions, (c) signing the
   Komite Pemantau Risiko dan Hukum, (d) menerbitkan                    minutes of the Risk Monitoring and Legal Committee
   dan menandatangani laporan Triwulan dan Laporan                      meetings, (d) publishing and signing the Risk Monitoring
   Tahunan Komite Pemantau Risiko dan Hukum, serta                      and Legal Committee’s Quarterly and Annual Reports,
   laporan capaian kinerja Komite Pemantau Risiko dan                   as well as the Risk Monitoring and Legal Committee’s


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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




   Hukum yang dilakukan secara self assessment selesai                   performance achievement report, which is conducted
   pada waktunya, yang nantinya akan disampaikan kepada                  through a timely self assessment, which will later be
   Direksi untuk bahan penyusunan laporan tahunan                        submitted to the Board of Directors as material for the
   Perseroan.                                                            preparation of the annual report.
8. Memberikan rekomendasi masukan, arahan, kesimpulan,                8. Provide           recommendations,        input, directives,
   tanggapan dan persetujuan Dewan Komisaris sesuai                      conclusions, responses, and approvals to the Board of
   dan terkait bidang tugas dan kewajibannya sehubungan                  Commissioners in accordance with and related to their
   dengan permohonan Direksi untuk perbuatan-perbuatan                   duties and obligations in connection with the Board of
   Direksi dalam hal sebagaimana yang diatur dalam                       Directors’ requests for actions to be taken by the Board
   Anggaran Dasar PT Jasa Marga (Persero) Tbk. Pasal 12                  of Directors as stipulated in the Articles of Association
   ayat 7 huruf i, ii,iii,iv,v dan ayat 10 a.                            of PT Jasa Marga (Persero) Tbk. Article 12, paragraph 7,
                                                                         letters i, ii, iii, iv, v, and paragraph 10 a.

Asrorun Ni’am Sholeh, Komisaris, menangani tugas                      Asrorun Ni’am Sholeh, Commissioner, oversees supervisory
pengawasan dan pemberian nasihat kepada Direksi                       duties and provides guidance to the Board of Directors,
khususnya dalam bidang pengelolaan Keuangan dan                       particularly in areas such as financial management and
Manajemen Risiko, serta merangkap sebagai Anggota                     risk management, and also serves as a member of the
Komite Pemantau Risiko dan Hukum. Bidang tugasnya                     Risk Monitoring and Legal Committee. His duties include
meliputi tugas untuk memberikan masukan, arahan.                      providing input, direction, and recommendations to:
rekomendasi dalam rangka:
1. Bekerja sama dengan Komite Nominasi dan Remunerasi                 1.   Cooperating with the Nomination and Remuneration
    dan Komite Audit dalam memberikan rekomendasi                          Committee and the Audit Committee in providing
    dan/atau masukan dalam menetapkan arah kebijakan                       recommendations and/or input in determining policy
    dan strategi dalam rangka penyusunan rencana                           and strategy directions in the context of preparing the
    strategis Perusahaan Jangka Panjang (RJPP) dan                         Company’s Long-Term Strategic Plan (RJPP) and Annual
    Rencana Kegiatan dan Anggaran Perusahaan Tahunan                       Company Activity and Budget Plan (RKAP), as well as
    (RKAP),serta evaluasi dan review pelaksanaannya                        evaluating and reviewing their implementation each year
    setiap tahun serta realisasi Program Kemitraan dan Bina                and the realization of the Partnership and Community
    Lingkungan.                                                            Development Program.
2. Melakukan pengawasan dan pemantauan atas                           2.   Supervising and monitoring the Board of Directors’
    kepatuhan Direksi dalam menjalankan Perusahaan                         compliance in running the Company per the RKAP and/
    sesuai RKAP dan/atau RJPP, serta memberikan hal-hal                    or RJPP, as well as providing important information on
    penting mengenai perubahan lingkungan bisnis yang                      changes in the business environment that are expected
    diperkirakan akan berdampak besar pada usaha dan                       to have a significant impact on the Company’s business
    kinerja Perseroan secara tepat waktu dan relevan.                      and performance in a timely and relevant manner.
3. Memastikan audit eksternal dan audit internal                      3.   Ensuring that external and internal audits are carried out
    dilaksanakan secara efektif serta memberikan arahan                    effectively and providing guidance for strengthening the
    untuk penguatan sistem pengendalian intern Perseroan.                  company’s internal control system.
4. Penetapan arah kebijakan dan strategi untuk                        4.   Determining the direction of policies and strategies
    pengelolaan manajemen keuangan dan akuntansi                           for sound, accountable, and transparent financial and
    Perseroan yang sehat, akuntabel, transparan, serta                     accounting management of the Company, as well as
    dalam rangka perkuatan struktur keuangan Perseroan                     strengthening the Company’s financial structure and
    dan peningkatan efisiensi dan efektivitas pengelolaan                  increasing the efficiency and effectiveness of the
    keuangan Perseroan, sehingga diperoleh dana yang                       Company’s financial management, so as to obtain
    murah yang diperlukan untuk investasi pembangunan                      the low-cost funds needed for investment in new
    jalan tol baru, peningkatan kapasitas, perbaikan dan                   toll road construction, capacity expansion, repair
    pemeliharaan jalan tol yang ada, serta untuk investasi                 and maintenance of existing toll roads, as well as for
    di bidang bisnis lain dan/atau non tol dalam rangka                    investment in other business areas and/or non-toll road
    menambah pendapatan Perseroan.                                         areas to increase the Company’s revenue.
5. Memberikan arahan tentang kebijakan akuntansi dan                  5.   Guiding accounting policies and the preparation of
    penyusunan laporan keuangan sesuai dengan standar                      financial statements in accordance with generally
    akuntansi yang berlaku umum di Indonesia (SAK), serta                  accepted accounting standards in Indonesia (SAK), as
    pengelolaan sistem perpajakan.                                         well as tax system management.
6. Peningkatan kemampuan dalam pemantauan dan                         6.   Improving capabilities in monitoring and evaluating the
    evaluasi pelaksanaan program kerja Perseroan dan                       implementation of the Company’s and Subsidiaries’ work
    Anak Perusahaan serta dalam pengendalian portofolio                    programs and in controlling the Company’s financial
    investasi keuangan Perseroan, agar tercapai keselarasan                investment portfolio, to achieve alignment with the
    dengan arah, sasaran dan rencana strategis Perseroan.                  Company’s direction, objectives, and strategic plans.
7. Pengembangan, peningkatan efisiensi dan efektivitas                7.   Developing, improving the efficiency and effectiveness
    pengelolaan administrasi keuangan, pengendalian                        of financial administration management, controlling the
    likuiditas keuangan Perseroan serta pemanfaatan                        Company’s financial liquidity, and utilizing information
    teknologi informasi dalam penyusunan laporan keuangan                  technology in the preparation of financial statements
    dan dalam rangka pengamanan transaksi keuangan                         and in the context of securing financial transactions,
    termasuk pendapatan tol dan non tol, yang sesuai dan                   including toll and non-toll revenues, in accordance
    memenuhi ketentuan peraturan perundang-undangan                        with and complying with the provisions of laws and


PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                              547
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01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




    dan standar administrasi keuangan.                                  regulations and financial administration standards.
8. Menyampaikan laporan kepada Dewan Komisaris                      8. Submitting reports to the Board of Commissioners in
    apabila terjadi gejala menurunnya kinerja Perusahaan                the event of a decline in the Company’s performance,
    untuk memberikan saran-saran kepada Direksi untuk                   to provide advice to the Board of Directors on how to
    memperbaiki permasalahan yang dihadapi.                             address the problems faced.
9. Memberikan masukan, arahan, rekomendasi atas                     9. Providing input, directive, and recommendations on the
    pelaksanaan pengawasan manajemen risiko, penyelesaian               implementation of risk management supervision and the
    permasalahan di bidang hukum yang dihadapi Perseroan                resolution of legal issues faced by the Company per the
    sesuai dengan ketentuan peraturan perundang undangan.               provisions of laws and regulations.
10. Memberikan masukan, arahan, rekomendasi dalam                   10. Providing input, directive, and recommendations in the
    rangka pengawasan dan pengendalian manajemen mutu                   context of quality management supervision and control
    agar produk-produk Perseroan dibidang keuangan,                     so that the Company’s products in the fields of finance,
    investasi dan operasi & pemeliharaan tercapai sesuai                investment, and operations & maintenance achieve their
    sasaran target mutu, waktu dan manfaat, sehingga                    quality, time, and benefit targets, thereby achieving
    tercapai efisiensi dan efektivitas usaha.                           business efficiency and effectiveness.
11. Memberikan           masukan,        arahan, rekomendasi        11. Providing input, directive, and recommendations
    kepada Dewan Komisaris terkait fungsi pemantauan                    to the Board of Commissioners regarding the Risk
    Manajemen Risiko mengenai: (1) telaahan atas aktivitas              Management monitoring function on: (1) review of
    pelaksanaan manajemen risiko yang dilakukan Direksi,                risk management activities carried out by the Board
    (2) penyempurnaan sistem manajemen risiko dan                       of Directors, (2) improvement of the risk management
    pelaksanaannya, (3) memberikan saran risk indicator                 system and its implementation, (3) providing advice on
    atas perkembangan lingkungan eksternal dan organisasi               risk indicators regarding developments in the external
    Perseroan yang akan mempengaruhi bisnis Perseroan,                  environment and the Company’s organization that will
    dan (4) dalam rangka penyempurnaan sistem manajemen                 affect the Company’s business, and (4) improving the
    risiko dan pelaksanaannya.                                          risk management system and its implementation.
12. Melakukan penelaahan atas informasi keuangan yang               12. Reviewing financial information to be released
    akan dikeluarkan Perseroan kepada publik dan/atau                   by the company to the public and/or authorities,
    pihak otoritas, antara lain laporan keuangan (Triwulanan            including financial reports (quarterly and annual) and
    dan Tahunan) dan informasi lain yang terkait dengan                 other information related to the company’s financial
    informasi keuangan Perseroan.                                       information.
13. Selaku Anggota Komite Pemantau Risiko dan Hukum,                13. As a member of the Risk Monitoring and Legal
    menghadiri dan/atau memimpin rapat internal Komite                  Committee, attending and/or chairing internal meetings
    Pemantau Risiko dan Hukum dan/atau rapat Komite                     of the Risk Monitoring and Legal Committee and/or
    dengan pihak lain, dalam hal Ketua Komite Pemantau                  committee meetings with other parties, if the Chairman
    Risiko dan Hukum berhalangan hadir. Selain itu melakukan            of the Risk Monitoring and Legal Committee is unable
    pengawasan agar piagam (charter) Komite Pemantau                    to attend. In addition, supervising the fulfillment and
    Risiko dan Hukum telah terpenuhi dan dilakukan dengan               proper implementation of the Risk Monitoring and
    baik, antara lain: (a) menyusun program kerja tahunan               Legal Committee charter, including: (a) preparing the
    dan indikator kinerja kunci Komite Pemantau Risiko dan              annual work program and key performance indicators
    Hukum, untuk ditetapkan oleh Ketua Komite Pemantau                  of the Risk Monitoring and Legal Committee, to be
    Risiko dan Hukum, (b) menyusun kajian Komite                        determined by the Chairman of the Risk Monitoring and
    Pemantau Risiko dan Hukum tepat dan tajam, serta                    Legal Committee, (b) preparing accurate and insightful
    dapat dipergunakan sebagai rekomendasi dan masukan                  Risk Monitoring and Legal Committee reviews that can
    bagi Dewan Komisaris dalam mengambil keputusan-                     be used as recommendations and input for the Board
    keputusan, (c) menyusun Laporan Triwulan dan Laporan                of Commissioners in making decisions, (c) compiling
    Tahunan Komite Pemantau Risiko dan Hukum, serta                     Quarterly Reports and Annual Reports of the Risk
    laporan capaian kinerja Komite Pemantau Risiko dan                  Monitoring and Legal Committee, as well as reports on
    Hukum yang dilakukan secara self assessment yang                    the performance achievements of the Risk Monitoring and
    disusun dan diserahkan kepada pihak yang berkenaan                  Legal Committee conducted through self assessment,
    tepat pada waktunya. Laporan-laporan tersebut akan                  which are compiled and submitted to the relevant parties
    disampaikan kepada Direksi untuk bahan penyusunan                   on time. These reports will be submitted to the Board of
    Laporan Tahunan Perseroan.                                          Directors for preparing the Annual Report.
14. Memberikan rekomendasi masukan, arahan, kesimpulan,             14. Provide recommendations, input, directives, conclusions,
    tanggapan dan persetujuan Dewan Komisaris sesuai                    responses, and approvals to the Board of Commissioners
    dan terkait bidang tugas dan kewajibannya sehubungan                in accordance with and related to their duties and
    dengan permohonan Direksi untuk perbuatan-perbuatan                 obligations in connection with the Board of Directors’
    Direksi dalam hal sebagaimana yang diatur dalam                     requests for actions as stipulated in the Articles of
    Anggaran Dasar PT Jasa Marga (Persero) Tbk. Pasal 12                Association of PT Jasa Marga (Persero) Tbk. Article 12,
    ayat 7 huruf i, ii, iii,iv,v dan ayat 10 a.                         paragraph 7, letters i, ii, iii, iv, v, and paragraph 10 a.




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Rapat-Rapat yang Dihadiri oleh Dewan                                  Meetings Attended by the Board of
Komisaris                                                             Commissioners
Uraian mengenai kebijakan dan pelaksanaan frekuensi rapat             A description of the policy and implementation of the
Dewan Komisaris, rapat Dewan Komisaris bersama Direksi                frequency of Board of Commissioners meetings, joint Board
dan tingkat kehadiran anggota Dewan Komisaris dalam                   of Commissioners and Board of Directors meetings, and the
rapat tersebut termasuk kehadiran dalam RUPS, dapat                   attendance rate of Board of Commissioners members at
dilihat pada Sub Bab mengenai Rapat Dewan Komisaris dan               these meetings, including attendance at GMS, is available
Direksi dalam buku Laporan Tahunan ini.                               in the Board of Commissioners and Board of Directors
                                                                      Meetings sub-chapter of this Annual Report.


Program Pengenalan Perseroan bagi                                     Company Induction Program for New
Anggota Dewan Komisaris Baru                                          Board of Commissioners Members
Proses yang dilakukan setelah pengangkatan pengurus                   The process carried out after the appointment of new
baru melalui RUPS adalah diselenggarakannya Program                   management through the GMS is the implementation of
Pengenalan bagi Pengurus yang baru diangkat. Program                  an Induction Program for newly appointed management.
Pengenalan bagi anggota Dewan Komisaris yang baru                     The Induction Program for newly appointed members
diangkat untuk pertama kali, wajib dilakukan oleh Perseroan           of the Board of Commissioners must be carried out by
dalam waktu selambat-lambatnya 3 (tiga) bulan sejak                   the Company no later than 3 (three) months after their
pengangkatannya, sebagaimana tercantum dalam Bab II. I. 1.            appointment, as stated in Chapter II. I. 1. Board Manual. This
Board Manual. Kegiatan ini bertujuan untuk memperkenalkan             activity aims to introduce the Company to the members
Perseroan kepada anggota Dewan Komisaris, sebelum                     of the Board of Commissioners, providing them with a
memahami Perseroan secara lebih detail. Di samping itu,               more detailed understanding of the Company. In addition,
kegiatan ini juga bertujuan agar para anggota Dewan                   this activity aims to enable members of the Board of
Komisaris dapat saling mengenal dan menjalin kerja sama               Commissioners to get to know one another and establish
sebagai satu tim yang solid, komprehensif, dan efektif.               cooperation as a solid, comprehensive, and effective team.
Materi Program Pengenalan bagi Pengurus baru di antaranya             The material for the Induction Program for new management
mencakup profil Perseroan, pengenalan tentang proses                  includes the Company profile, an introduction to Jasa
bisnis Jasa Marga, pencapaian Perseroan, penerapan sistem             Marga’s business processes, the Company’s achievements,
manajemen dan tata kelola Perusahaan.                                 and the implementation of the company’s management and
                                                                      governance systems.

Sehubungan dengan perubahan susunan pengurus,                         In connection with changes in the composition of the
Perseroan telah melaksanakan program pengenalan bagi                  management, the Company has conducted an orientation
Dewan Komisaris sebanyak 3 (tiga) kali pada tahun 2025.               programme for the Board of Commissioners 3 (three) times
Program tersebut dilaksanakan pada tanggal:                           in 2025. The programme was held on the following dates:
• 28 Mei 2025, dihadiri oleh Bapak Nachrowi Ramli dan                 • May 28, 2025, attended by Mr Nachrowi Ramli and Mr
   Bapak Rudi Antariksawan selaku anggota Dewan                           Rudi Antariksawan as newly appointed members of the
   Komisaris yang baru diangkat;                                          Board of Commissioners;
• 4 Juni 2025, dihadiri oleh Bapak Juri Ardiantoro, Bapak             • June 4, 2025, attended by Mr Juri Ardiantoro, Mr Syamsul
   Syamsul Bachri Yusuf, dan Bapak Asrorun Ni’am Sholeh                   Bachri Yusuf, and Mr Asrorun Ni'am Sholeh as newly
   selaku anggota Dewan Komisaris yang baru diangkat,                     appointed members of the Board of Commissioners, as
   serta Bapak Rivan A. Purwantono, dan Bapak Yoga Tri                    well as Mr Rivan A. Purwantono and Mr Yoga Tri Anggoro
   Anggoro selaku anggota Direksi yang baru diangkat; dan                 as newly appointed members of the Board of Directors;
                                                                          and
•    30 Desember 2025, dihadiri oleh Bapak Tedi Kurniawan             • December 30 2025, attended by Mr Tedi Kurniawan as a
     selaku anggota Dewan Komisaris yang baru diangkat.                   newly appointed member of the Board of Commissioners.


Pengembangan Kompetensi                                               Competency Development
Dalam rangka meningkatkan pengetahuan dan kompetensi                  To enhance the knowledge and competence of the Board
para anggota Dewan Komisaris, dan memastikan wawasan                  of Commissioners members, and to ensure that their
profesional, kompetensi serta kemampuan kepemimpinan                  professional insight, competence, and leadership skills
para anggota Dewan Komisaris dapat berkembang                         evolve in line with the latest industry developments, the
selaras dengan perkembangan industri terkini, Perseroan               Company provides training to each member of the Board
memberikan pelatihan kepada setiap anggota Dewan                      of Commissioners. The training/education programs
Komisaris. Program pelatihan/pendidikan yang diikuti oleh             attended by the Board of Commissioners throughout 2025
para Dewan Komisaris sepanjang tahun 2025 dapat dilihat               are available in the Board of Commissioners Competency
pada bagian Pengembangan Kompetensi Dewan Komisaris                   Development section of the Company Profile chapter in this
di Bab Profil Perusahaan di dalam buku Laporan Tahunan ini.           Annual Report.




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Ikhtisar Kinerja Utama            Laporan Manajemen            Profil Perusahaan            Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report            Company Profile              Management Discussion and Analysis          Business Support Functions




Kebijakan Rangkap Jabatan                                                           Policy on Concurrent Positions
Rangkap Jabatan Dewan Komisaris diatur secara tegas                                 The concurrent positions of the Board of Commissioners are
dalam Anggaran Dasar Perseroan, sebagai berikut:                                    clearly regulated in the Company’s Articles of Association,
                                                                                    as follows:
1. Anggota Direksi pada BUMN, BUMD, dan badan usaha                                 1. Members of the Board of Directors of SOE, ROE, and
   milik swasta.                                                                        private enterprises.
2. Pengurus partai politik dan/atau calon/anggota Dewan                             2. Political party officials and/or candidates/members
   Perwakilan Rakyat (DPR), Dewan Perwakilan Daerah                                     of the House of Representatives (DPR), Regional
   (DPD), Dewan Perwakilan Rakyat Daerah (DPRD) Tingkat                                 Representatives Council (DPD), Provincial Legislative
   I dan DPRD Tingkat II dan/atau calon Kepala Daerah/                                  Council (DPRD) Level I and DPRD Level II, and/or
   Wakil Kepala Daerah.                                                                 candidates for Regional Head/Deputy Regional Head.
3. Jabatan lain sesuai dengan ketentuan dalam Peraturan                             3. Other positions in accordance with the provisions of the
   Perundangan.                                                                         Law.
4. Jabatan lainnya yang dapat menimbulkan benturan                                  4. Other positions that may cause a conflict of interest.
   kepentingan.

Informasi berikut mengenai rangkap jabatan                             pada         The following information shows concurrent positions on the
keanggotaan Dewan Komisaris tahun 2025:                                             Board of Commissioners in 2025:

Tabel Rangkap Jabatan Dewan Komisaris
Table of Concurrent Positions of the Board of Commissioners



        Nama                     Jabatan                      Jabatan Pada Perusahaan/Instansi Lain                      Nama Perusahaan/Instansi Lain
        Name                     Position                     Position in Other Companies/Institutions                    Name of Company/Institution

                         Komisaris Utama              Wakil Menteri Sekretaris Negara                                   Kementerian Sekretariat Negara
 Juri Ardiantoro*
                         President Commissioner       Deputy Minister of State Secretary                                Ministry of State Secretariat

                                                      Staf Khusus Bidan Teknologi, Tata Kelola, dan Kepatuhan
 Syamsul Bachri          Komisaris                    Kementerian Pekerjaan Umum                                        Kementerian Pekerjaan Umum
 Yusuf *                 Commissioner                 Special Staff for Technology, Governance, and Compliance,         Ministry of Public Works
                                                      Ministry of Public Works

                         Komisaris Independen
 Nachrowi Ramli*                                      -                                                                 -
                         Independent Commissioner

                         Komisaris Independen
 Tedi Kurniawan***                                    -                                                                 -
                         Independent Commissioner

                         Komisaris Independen
 Rudi Antariksawan*                                   -                                                                 -
                         Independent Commissioner

                                                      Staf Ahli Bidang Inovasi Kepemudaan dan Keolahragaan
 Asrorun Ni’am           Komisaris                    Kementerian Pemuda dan Olahraga                                   Kementerian Pemuda dan Olahraga
 Sholeh*                 Commissioner                 Expert Staff for Youth Innovation and Sports at the Ministry of   Ministry of Youth and Sports
                                                      Youth and Sports

                                                                                                                        Kementerian Pekerjaan Umum dan
 Mohammad Zainal         Komisaris Utama              Sekretaris Jenderal
                                                                                                                        Perumahan Rakyat
 Fatah**                 President Commissioner       Secretary General
                                                                                                                        Ministry of Public Works and Housing

                         Komisaris
 M. Roskanedi**                                       -                                                                 -
                         Commissioner

                         Komisaris                    Perwira Tinggi (Pati)                                             Police Education and Training
 Raja Erizman**
                         Commissioner                 High-ranking Officer (Pati)                                       Institute (Lemdiklat)

                                                      •    Dekan Fakultas Ilmu Administrasi
                                                      •    Ketua Klaster Riset Tata Kelola dan Daya Saing Badan Usaha
                         Komisaris Independen                                                                           Universitas Indonesia
 Chandra Wijaya**                                     •    Dean of Faculty of Administrative Sciences
                         Independent Commissioner                                                                       Universitas Indonesia
                                                      •    Head of the Enterprise Governance and Competitiveness
                                                           Research Cluster

                         Komisaris Independen
 Marsetio**                                           -                                                                 -
                         Independent Commissioner

                         Komisaris Independen         Komisaris Independen
 Seppalga Ahmad****                                                                                                     PT Pelindo Solusi Logistik
                         Independent Commissioner     Independent Commissioner

                         Komisaris Independen
 Abdul Rachman**                                      -                                                                 -
                         Independent Commissioner

 Keterangan/Notes:
 *    Menjabat sejak 7 Mei 2025/Appointed since May 7, 2025
 **   Menjabat sampai 7 Mei 2025/Serving until May 7, 2025
 *** Menjabat sejak 17 Desember 2025/Appointed since December 17, 2025
 **** Menjabat sampai 12 November 2025/Serving until November 12, 2025




550                                                                                        Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Keputusan, Rekomendasi, dan                                           Decisions, Recommendations, and
Pelaksanaan Tugas Dewan Komisaris                                     Implementation of the Board of
                                                                      Commissioners’ Duties

Sepanjang tahun 2025, Dewan Komisaris telah melaksanakan              Throughout 2025, the Board of Commissioners has carried
fungsi, tugas, dan tanggung jawabnya, beberapa di                     out its functions, duties, and responsibilities, some of which
antaranya dituangkan dalam bentuk surat keputusan dan                 are outlined in the form of decrees and other letters of
surat lainnya yang bersifat pengawasan dan persetujuan,               supervision and approval, including:
antara lain:
1. Keputusan-Keputusan Dewan Komisaris Tahun 2025                     1.   Decisions of the Board of Commissioners in 2025
    Selama tahun 2025, Dewan Komisaris telah membuat                       In 2025, the Board of Commissioners made decisions
    Keputusan-keputusan di antaranya terkait hal-hal                       related to the following matters:
    sebagai berikut:
    • Perubahan Piagam (Charter) Komite Audit PT Jasa                      •    Amendments to the Audit Committee Charter of
        Marga (Persero) Tbk.                                                    PT Jasa Marga (Persero) Tbk.
    • Persetujuan dan Pengesahan Rencana Jangka                            •    Approval and Ratification of the 2025–2029 Long-
        Panjang 2025-2029.                                                      Term Plan.
    • Persetujuan dan Pengesahan Rencana Kerja dan                         •    Approval and ratification of the 2025 Corporate
        Anggaran Perusahaan 2025.                                               Work Plan and Budget.
    • Keanggotaan Komite Nominasi dan Remunerasi.                          •    Nomination      and     Remuneration     Committee
                                                                                Membership.
     •   Keanggotaan Komite Audit.                                         •    Audit Committee Membership.
     •   Audit Laporan Keuangan Konsolidasian Tahun Buku                   •    Audit of the Consolidated Financial Statements for
         2025 dan Laporan Program Pendanaan Usaha Mikro                         Fiscal Year 2025 and the Micro and Small Business
         dan Usaha Kecil (PUMK) Tahun Buku 2025.                                Financing Program (PUMK) Report for Fiscal Year
                                                                                2025.
     •   Pemimpin Rapat Umum Pemegang Saham Tahunan                        •    Chair of the 2024 Fiscal Year Annual General Meeting
         Tahun Buku 2024.                                                       of Shareholders.
     •   Keanggotaan Komte Pemantau Risiko dan Hukum.                      •    Risk Monitoring and Legal Committee Membership.
     •   Revisi Pembagian Tugas Anggota Dewan Komisaris.                   •    Revision of the Division of Duties Among Members
                                                                                of the Board of Commissioners.
     •   Keanggotaan Komite Pemantau Risiko dan Hukum                      •    Membership of the Risk and Legal Monitoring
         PT Jasa Marga (Persero) Tbk.                                           Committee of PT Jasa Marga (Persero) Tbk.
     •   Kebijakan Anti Penyuapan PT Jasa Marga (Persero)                  •    Anti-Bribery Policy of PT Jasa Marga (Persero) Tbk
         Tbk

2. Surat lainnya terkait pengawasan dan persetujuan,                  2. Other letters related to supervision and approval,
   antara lain surat Dewan Komisaris di antaranya terkait                including letters from the Board of Commissioners
   hal-hal sebagai berikut:                                              related to the following matters:
   • Pemenuhan Ketentuan Peraturan Menteri BUMN                          • Compliance with the Provisions of the Minister
       No. PER-2/MBU/03/2023 tentang Pedoman Tata                            of SOE Regulation No. PER-2/MBU/03/2023 on
       Kelola dan Transaksi Signifikan BUMN yang Terkait                     Guidelines for Corporate Governance and Significant
       dengan Fungsi Internal Audit 2025.                                    Transactions of SOEs Related to the Internal Audit
                                                                             Function 2025.
     •   Key Performance Indicators (KPI) Direksi Kolegial               • Collegial Key Performance Indicators (KPI) of the
         dan Glossary KPI Jasa Marga.                                        Board of Directors and Jasa Marga KPI Glossary.
     •   Corporate Secretary and Chief Administration                    • Corporate Secretary and Chief Administration
         Officer Jasa Marga.                                                 Officer of Jasa Marga.
     •   Rencana Kerja dan Anggaran Perusahaan (RKAP)                    • Company Work Plan and Budget (RKAP) 2025.
         2025.
     •   Program Kerja Tahunan Dewan Komisaris Tahun                       •    Annual Work Program of the Board of Commissioners
         2025.                                                                  for 2025.
     •   Buku Putih Equity Financing PT Jasamarga                          •    White Paper on Equity Financing of PT Jasamarga
         Transjawa Tol.                                                         Transjawa Tol.
     •   Kontrak Manajemen Tahunan.                                        •    Annual Management Contract.
     •   KPI Direksi Kolegial.                                             •    Collegial KPI of the Board of Directors.
     •   Dana Pensiun Jasa Marga.                                          •    Jasa Marga Pension Fund.
     •   Pemenuhan Organ Pengelola Risiko Anak Perusahaan.                 •    Compliance with Subsidiary Risk Management
                                                                                Bodies.
     •   Rapat Koordinasi Direksi-Dewan Komisaris.                         •    Board of Directors-Board of Commissioners
                                                                                Coordination Meeting.
     •   Evaluasi Direksi dan Nominated Talent BUMN.                       •    Evaluation of the Board of Directors and Nominated
                                                                                SOE Talent.



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01                           02                    03                        04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen     Profil Perusahaan          Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report     Company Profile            Management Discussion and Analysis       Business Support Functions




     •    Implementasi dan Hasil Survey Akhlak.                          •     Implementation and Results of the Akhlak Survey.
     •    Pengungkapan Hal Audit Utama Laporan Keuangan.                 •     Disclosure of Key Audit Matters in the Financial
                                                                               Statements.
     •    Laporan Audit Intern Tahun 2024.                               •     2024 Internal Audit Report.
     •    Pengusahaan Jalan Tol.                                         •     Toll Road Operations.
     •    Evaluasi atas Pelaksanaan Pemberian Jasa Audit                 •     Evaluation of the Performance of Audit Services on
          atas Laporan Keuangan Konsolidasian.                                 the Consolidated Financial Statements.
     •    Laporan Tugas Pengawasan Dewan Komisaris Tahun                 •     Board of Commissioners Supervisory Report for
          Buku 2024.                                                           Fiscal Year 2024.
     •    Usulan Tantiem Tahun Buku 2024 dan Remunerasi                  •     Proposed Bonuses for Fiscal Year 2024 and
          Direksi dan Dewan Komisaris Tahun Buku 2025.                         Remuneration for the Board of Directors and
                                                                               Supervisory Board for Fiscal Year 2025.
     •    Laporan    Tahunan    dan    Laporan  Keuangan                 •     Annual    Report    and    Consolidated   Financial
          Konsolidasian Tahun 2024 (audited).                                  Statements for 2024 (audited).
     •    Usulan Perubahan Susunan Pengurus.                             •     Proposal for Changes to the Management Structure.
     •    Kantor Akuntan Publik dalam Rangka Audit Laporan               •     Public Accounting Firm for the Audit of the
          Keuangan Konsolidasian Tahun Buku 2025 dan                           Consolidated Financial Statements for Fiscal Year
          Laporan Keuangan Program Pendanaan Usaha Mikro                       2025 and the Financial Statements of the Micro and
          dan Usaha Kecil (PUMK) Tahun Buku 2025.                              Small Business Financing Program (PUMK) for Fiscal
                                                                               Year 2025.
     •    Usulan Keputusan RUPS Tahunan Tahun Buku 2024.                 •     Proposed Annual GMS Resolutions for the 2024
                                                                               Fiscal Year.
     •    Pengurus Anak Perusahaan.                                      •     Management of Subsidiary Companies.
     •    Kinerja Triwulanan Tahun 2025.                                 •     Quarterly Performance for 2025.
     •    Pedoman Rencana Darurat (Contingency Plan)                     •     Guidelines for the 2025 Contingency Plan.
          Tahun 2025.
     •    Pemenuhan Organ Pengelola Risiko Anak Perusahaan               •     Establishment of the Subsidiary’s Risk Management
          Berdasarkan Peraturan Menteri BUMN No. PER-2/                        Body in accordance with the Ministry of SOE
          MBU/03/2023 tentang Pedoman Tata Kelola dan                          Regulation No. PER-2/MBU/03/2023 on Guidelines
          Kegiatan Korporasi Signifikan BUMN.                                  for Corporate Governance and Significant Corporate
                                                                               Activities of SOEs.
     •    Perubahan Logo Perusahaan.                                     •     Change of Company Logo.
     •    Tindak Lanjut Laporan Program Kerja Internal Audit.            •     Follow-up on the Internal Audit Work Program
                                                                               Report.
     •    Transaksi Afiliasi.                                            •     Transactions of Affiliated Parties.
     •    Penyelenggaraan RUPS dalam Rangka Persetujuan                  •     Convening of the GMS to Ratify the 2025 RKAP.
          RKAP.
     •    Permasalahan Hukum.                                            •     Legal Issues.
     •    Tingkat Kesehatan Tahun Buku 2025.                             •     Financial Soundness Status for the 2025 Fiscal Year.
     •    Rancangan RKAP 2026.                                           •     2026 RKAP Draft.
     •    Penerbitan Obligasi.                                           •     Bond Issuance.


Pengelolaan Benturan Kepentingan                                      Conflict of Interest Management
Untuk menjaga independensi dan profesionalisme, setiap                To maintain independence and professionalism, each
anggota Dewan Komisaris harus memiliki etika sebagai                  member of the Board of Commissioners must adhere to the
berikut:                                                              following code of conduct:
1. Mengambil sikap, pendapat dan tindakan harus                       1. All decisions, opinions, and actions must be based on
    didasarkan atas unsur objektivitas, profesional dan                    objectivity, professionalism, and independence in the
    independen demi kepentingan Perseroan yang seimbang                    interests of the Company, balanced with the interests
    dengan kepentingan para pemangku kepentingan.                          of stakeholders.
2. Menjalankan tugas dan kewajiban dengan menempatkan                 2. Perform duties and obligations by placing the interests
    kepentingan Dewan Komisaris secara keseluruhan, di                     of the Board of Commissioners as a whole above
    atas kepentingan pribadi.                                              personal interests.
3. Selama menjabat, anggota Dewan Komisaris tidak                     3. During their term of office, members of the Board of
    diperkenankan untuk:                                                   Commissioners are not permitted to:
    a. Mengambil peluang bisnis Perseroan untuk                            a. Take advantage of the Company’s business
        kepentingan dirinya sendiri, keluarga, kelompok                        opportunities for their own interests, those of their
        usahanya dan/atau pihak lain.                                          family, business group, and/or other parties.
    b. Menggunakan aset Perseroan, informasi Perseroan                     b. Use the Company’s assets, information, or their
        atau jabatannya selaku anggota Dewan Komisaris                         position as a member of the Board of Commissioners
        untuk kepentingan pribadi ataupun orang lain, yang                     for personal gain or the gain of others, which is
        bertentangan dengan ketentuan peraturan perundang-                     contrary to the provisions of laws and regulations
        undangan serta kebijakan Perseroan yang berlaku.                       and the Company’s applicable policies.



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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




   c. Berkompetisi dengan Perseroan yaitu menggunakan                      c. Compete with the Company, i.e., by using inside
      pengetahuan/informasi dari dalam (inside information)                   information to gain benefits for interests other than
      untuk mendapatkan keuntungan bagi kepentingan                           those of the Company.
      selain kepentingan Perseroan.
   d. Mengambil keuntungan pribadi dari kegiatan                         d. Taking personal advantage of the Company’s
      Perseroan, selain gaji dan fasilitas yang diterimanya                  activities, other than the salary and facilities
      sebagai anggota Dewan Komisaris, yang ditentukan                       received as a Board of Commissioners member, as
      oleh RUPS.                                                             determined by the GMS.
4. Menjaga kerahasiaan informasi-informasi Perseroan                  4. Maintaining the confidentiality of the Company’s
   yang pribadi atau bagi kepentingan orang atau pihak lain              information that is private or for the benefit of other
   yang bertentangan dengan kepentingan Perseroan.                       persons or parties contrary to the interests of the
                                                                         Company.
5. Menghindari setiap aktivitas yang dapat mempengaruhi               5. Avoiding any activities that may affect their independence
    independensinya dalam melaksanakan tugas.                            in carrying out their duties.
6. Melakukan pengungkapan dalam hal terjadi benturan                  6. Disclose any conflicts of interest, and the relevant
    kepentingan dan anggota Dewan Komisaris yang                         member of the Board of Commissioners shall not be
    bersangkutan tidak boleh melibatkan diri dalam proses                involved in the Company’s decision-making process
    pengambilan keputusan Perseroan yang berkaitan                       related to such matters.
    dengan hal tersebut.
7. Tidak merangkap jabatan lain yang dapat menimbulkan                7.   Not hold other positions that may cause a direct conflict
    benturan kepentingan secara langsung dengan                            of interest with the Company and/or that are contrary to
    Perseroan dan/atau yang bertentangan dengan                            the provisions of applicable laws and regulations.
    ketentuan peraturan perundang-undangan yang berlaku.
8. Menandatangani pernyataan tidak memiliki benturan                  8. Sign a statement of no conflict of interest (Integrity Pact)
    kepentingan (Pakta Integritas) dan menyatakan secara                 and declare in writing any matters that could potentially
    tertulis hal-hal yang berpotensi menimbulkan benturan                cause a conflict of interest for themselves and submit it
    kepentingan terhadap dirinya dan menyampaikannya                     to the GMS and/or OJK.
    kepada RUPS dan/atau OJK.
9. Mematuhi       peraturan   perundang-undangan     yang             9. Comply with applicable laws and regulations, including
    berlaku, termasuk dengan tidak melibatkan diri pada                  not engaging in insider trading for personal gain.
    perdagangan orang dalam (insider trading) untuk
    memperoleh keuntungan pribadi.
10. Dilarang untuk memberikan atau menawarkan, atau                   10. It is prohibited to give or offer, or accept, either directly
    menerima baik langsung ataupun tidak langsung                         or indirectly, rewards and/or gifts, and/or grants and/or
    imbalan dan/atau hadiah, dan/atau hibah dan/atau                      donations and/or entertainment in any form from parties
    sumbangan dan/atau entertainment dalam bentuk                         that have a business relationship with or are competitors
    apapun dari pihak yang memiliki hubungan bisnis atau                  of the Company, to obtain information, or anything that
    pesaing Perseroan, yang bertujuan untuk mendapatkan                   is not permitted by applicable laws and regulations, or to
    informasi, atau sesuatu hal yang tidak dibenarkan oleh                influence them to do and/or not do something related to
    ketentuan perundang-undangan yang berlaku, atau                       their position/office.
    untuk memengaruhinya untuk melakukan dan/atau tidak
    melakukan suatu hal berkaitan dengan kedudukan/
    jabatannya.
11. Tidak diperkenankan memberikan dan menerima                       11. It is prohibited to give and receive gifts, packages,
    hadiah, bingkisan, parsel, karangan bunga dan bentuk                  parcels, flower bouquets, and other forms of gifts on
    pemberian lainnya pada hari raya keagamaan maupun                     religious holidays or other important/special days to
    hari-hari besar/tertentu lainnya kepada pejabat/                      officials/employees within government agencies and/or
    karyawan di lingkungan instansi Pemerintah dan/atau                   parties that have a business relationship.
    pihak yang memiliki hubungan bisnis.


Kepemilikan Saham Dewan Komisaris                                     Share Ownership of the Board of
                                                                      Commissioners
Informasi mengenai kepemilikan saham anggota Dewan                    Information regarding the share ownership of members of
Komisaris dapat dilihat di bagian Komposisi Pemegang                  the Board of Commissioners is available in the Shareholder
Saham di Bab Profil Perusahaan dalam buku Laporan                     Composition section of the Company Profile chapter in this
Tahunan ini.                                                          Annual Report.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                               553
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01                           02                   03                      04                                        05
Ikhtisar Kinerja Utama       Laporan Manajemen    Profil Perusahaan        Analisa dan Pembahasan Manajemen          Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report    Company Profile          Management Discussion and Analysis        Business Support Functions




Penilaian Kinerja Dewan Komisaris                                    Performance Assessment of the Board of
                                                                     Commissioners
Uraian mengenai penilaian kinerja Dewan Komisaris,                   A description of the performance assessment of the Board
mencakup prosedur pelaksanaan penilaian kinerja, kriteria            of Commissioners, including the procedures for conducting
yang digunakan, dan pihak yang melakukan penilaian, dapat            the assessment, the criteria used, and the assessor, is
dilihat pada Sub Bab mengenai Penilaian Kinerja Dewan                available in the Performance Assessment of the Board of
Komisaris dan Direksi.                                               Commissioners and Board of Directors sub-chapter.


Penilaian Kinerja Komite-Komite yang                                 Performance Assessment of Committees
Berada di bawah Dewan Komisaris                                      under the Board of Commissioners
Dewan Komisaris membawahi komite-komite yang akan                    The Board of Commissioners oversees committees that
membantu pelaksanaan tugasnya. Setiap tahun Dewan                    assist in the execution of its duties. Each year, the Board
Komisaris memberikan penilaian terhadap kinerja masing-              of Commissioners assesses the performance of each
masing Komite sesuai dengan tugas dan tanggung jawab                 committee in accordance with its duties and responsibilities
yang diembannya berdasarkan piagam/charter masing-                   as outlined in each committee’s charter.
masing Komite.

Prosedur Penilaian Kinerja Komite di bawah                           Performance Assessment Procedure for
Dewan Komisaris                                                      Committees under the Board of Commissioners

Prosedur penilaian kinerja Komite di bawah Dewan                     The performance assessment procedure for Committees
Komisaris dilakukan dengan mengevaluasi rencana program              under the Board of Commissioners is carried out by
kerja tahunan serta KPI masing-masing Komite yang telah              evaluating the annual work program plan and the KPIs of
disepakati bersama dengan Dewan Komisaris beserta                    each Committee that have been agreed upon with the Board
realisasinya.                                                        of Commissioners, along with their realization.

Kriteria Penilaian Kinerja Komite di bawah Dewan                     Performance Assessment Criteria for
Komisaris                                                            Committees under the Board of Commissioners

Kriteria penilaian kinerja Komite di bawah Dewan Komisaris           The performance assessment criteria for committees under
didasari oleh perbandingan pencapaian kinerja masing-                the Board of Commissioners are based on a comparison
masing Komite dengan target KPI sesuai rencana program               of each committee’s performance achievements with the
kerja tahunan yang telah ditetapkan pada tahun buku                  KPI targets set out in the annual work program plan for the
berjalan.                                                            current fiscal year.

Tabel Penilaian Kinerja Komite di bawah Dewan Komisaris
Table of Performance Assessment of Committees under the Board of Commissioners

        Komite di Bawah Dewan Komisaris                   Pencapaian KPI Tahun 2025            Penilaian Kinerja pada Tahun 2025
     Committee under the Board of Commissioners            KPI Achievement in 2025              Performance Assessment in 2025
 Komite Audit                                                                                                  Sangat Baik
                                                                       100%
 Audit Committee                                                                                                Excellent

 Komite Nominasi dan Remunerasi                                                                                Sangat Baik
                                                                       100%
 Nomination and Remuneration Committee                                                                          Excellent

 Komite Pemantau Risiko dan Hukum                                                                              Sangat Baik
                                                                       100%
 Risk Monitoring and Legal Committee                                                                            Excellent

 Komite Tata Kelola Terintegrasi                                                                               Sangat Baik
                                                                       100%
 Integrated Governance Committee                                                                                Excellent




Mekanisme Pengunduran Diri dan                                       Board of Commissioners Resignation and
Pemberhentian Dewan Komisaris                                        Dismissal Mechanism

Seorang anggota Dewan Komisaris dapat mengundurkan diri              A member of the Board of Commissioners may resign before
sebelum masa jabatannya berakhir dengan memberitahukan               the end of their term of office by notifying the Company
secara tertulis mengenai maksudnya tersebut kepada                   in writing of their intention to do so, with copies to the
Perseroan, dengan tembusan kepada Pemegang Saham,                    Shareholders, the Board of Directors, and other members of
Direksi dan anggota Dewan Komisaris lainnya sekurang-                the Board of Commissioners at least 30 (thirty) days before
kurangnya 30 (tiga puluh) hari sebelum tanggal pengunduran           the date of resignation. In following up on the submission,
dirinya. Dalam menindaklanjuti pengajuan tersebut,                   the Company is required to hold a GMS within the same
Perseroan wajib menyelenggarakan RUPS dalam jangka                   period after receiving the Letter of Resignation, with an



554                                                                      Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




waktu yang sama setelah diterimanya Surat Pengunduran                 agenda to follow up on the matter. If not, the resignation will
Diri, dengan agenda untuk menindaklanjuti masalah tersebut            be deemed valid without requiring GMS approval.
atau bila tidak, pengunduran diri akan dianggap sah tanpa
memerlukan persetujuan RUPS.

Sebelum pengunduran diri berlaku efekif, Dewan Komisaris              Before the resignation takes effect, the Board of
yang bersangkutan tetap berkewajiban untuk menyelesaikan              Commissioners concerned remains obliged to complete their
tugas dan tanggung jawabnya sesuai dengan Anggaran                    duties and responsibilities in accordance with the Articles
Dasar. Anggota Dewan Komisaris juga dapat diberhentikan               of Association. Members of the Board of Commissioners
berdasarkan keputusan RUPS dengan menyebutkan alasan-                 may also be dismissed based on a GMS decision stating the
alasannya, antara lain:                                               reasons, including:
1. Tidak dapat menjalankan tugasnya dengan baik.                      1. Unable to perform their duties properly.
2. Melanggar ketentuan Anggaran Dasar Perseroan dan/                  2. Violating the provisions of the Company’s Articles of
    atau peraturan perundangan.                                           Association and/or laws and regulations.
3. Terlibat dalam tindakan yang merugikan Perseroan dan/              3. Involvement in actions that are detrimental to the
    atau Negara.                                                          Company and/or the State.
4. Melakukan tindakan yang melanggar etika dan/atau                   4. Actions that violate ethics and/or decisions that
    keputusan yang seharusnya dihormati sebagai anggota                   should be respected as a member of the Board of
    Dewan Komisaris.                                                      Commissioners.
5. Dinyatakan bersalah dengan putusan pengadilan yang                 5. Being found guilty by a court decision that has permanent
    telah mempunyai kekuatan hukum yang tetap.                            legal force.
6. Mengundurkan diri.                                                 6. Resigning.
7. Restrukturisasi Perseroan.                                         7. Restructuring of the Company.
8. Memasuki masa usia pensiun (bagi Aparatur Sipil Negara             8. Reaching retirement age (for Civil Servants who
    yang menerima penugasan dari Kementerian Teknis atau                  receive assignments from Technical Ministries or other
    Instansi Pemerintah lainnya).                                         Government Agencies).


Tata Cara Pemberhentian                                               Dismissal Procedure
1.   Pemegang Saham Seri A Dwiwarna selaku pemegang                   1.   The holder of Series A Dwiwarna shares, as the majority
     saham mayoritas Perseroan melalui Deputi yang terkait                 shareholder of the Company, through the relevant
     berkoordinasi dengan Sekretaris BP BUMN melakukan                     Deputy, coordinates with the Secretary to the Ministry
     evaluasi terhadap anggota Dewan Komisaris yang akan                   of SOE to evaluate the members of the Board of
     diberhentikan.                                                        Commissioners who will be dismissed.
2.   Hasil evaluasi disampaikan kepada Kepala BP BUMN                 2.   The results of the evaluation are submitted to the
     untuk mendapatkan penetapan.                                          Minister of SOE for approval.
3.   Jika ditetapkan untuk diberhentikan, Deputi yang                 3.   If the decision to dismiss is made, the Deputy appointed
     ditunjuk untuk mewakili Kepala BP BUMN menyiapkan                     to represent the Minister of SOE prepares a letter of
     surat usulan pemberhentian kepada RUPS Perseroan                      recommendation for dismissal to the Company’s GMS to
     untuk mendapatkan keputusan penetapannya.                             obtain a decision on the dismissal.
4.   Kepala BP BUMN dapat memberhentikan anggota                      4.   The Minister of SOE may dismiss members of the Board
     Dewan Komisaris berdasarkan hasil evaluasi Kepala BP                  of Commissioners based on the results of the Minister’s
     BUMN sendiri dan dapat meminta pertimbangan Deputi                    own evaluation and may request the consideration of the
     yang terkait dan Sekretaris Utama BP BUMN.                            relevant Deputy and the Secretary to the Ministry of SOE.
5.   Kepala BP BUMN secara lisan atau tertulis                        5.   The Minister of SOE shall notify the members of
     memberitahukan terlebih dahulu kepada anggota Dewan                   the Board of Commissioners who are planned to be
     Komisaris yang rencananya akan diberhentikan sebelum                  dismissed verbally or in writing before the end of their
     berakhirnya masa jabatannya.                                          term of office.
6.   Dalam hal Kepala BP BUMN tidak melakukan sendiri,                6.   If the Minister of SOE does not do so himself, the
     maka pemberitahuan rencana pemberhentian tersebut                     notification of the planned dismissal may be delegated
     dapat dikuasakan kepada Deputi terkait dan/atau                       to the relevant Deputy and/or assigned to the Secretary
     menugasi Sekretaris Utama dan/atau Deputi yang                        and/or the relevant Deputy.
     terkait.
7.   Keputusan pemberhentian karena alasan sebagaimana                7. The decision to dismiss for the reasons referred to in
     tersebut pada butir A. huruf a, b, c, d diambil setelah             point A. letters a, b, c, d shall be taken after the member
     anggota Dewan Komisaris yang bersangkutan diberi                    of the Board of Commissioners concerned has been
     kesempatan membela diri.                                            allowed to defend himself.
8.   Pembelaan diri dilakukan dalam forum RUPS, dan                   8. The defense shall be conducted in the GMS forum and
     mengikuti ketentuan Pasal 114 Undang-Undang No. 40                  shall comply with the provisions of Article 114 of Law
     Tahun 2007 tentang Perseroan Terbatas.                              No. 40 of 2007 on Limited Liability Companies.
9.   Dalam hal pemberitahuan pemberhentian anggota                    9. If the notification of dismissal of a member of the Board
     Dewan Komisaris dilakukan di luar forum RUPS, maka                  of Commissioners is made outside the GMS forum, the
     pembelaan diri dapat diberikan langsung pada saat                   defense may be given directly at the time of notification
     pemberitahuan oleh Kepala BP BUMN.                                  by the Minister of SOE.



PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                             555
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01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




10. Dalam hal anggota Dewan Komisaris yang diberhentikan            10. If the dismissed member of the Board of Commissioners
    telah melakukan pembelaan diri, atau menyatakan                     has defended themselves, or expressed their objection
    keberatan atau tidak berkeberatan atas rencana                      or non-objection to the dismissal plan at the time of
    pemberhentiannya pada saat diberitahukan, maka                      notification, then their rights in accordance with the
    haknya sesuai ketentuan perundangan telah terpenuhi.                provisions of the law have been fulfilled.
11. Di samping alasan pemberhentian anggota Dewan                   11. In addition to the reasons for dismissal of a member of
    Komisaris, anggota Dewan Komisaris dapat diberhentikan              the Board of Commissioners, a member of the Board of
    oleh RUPS berdasarkan alasan lainnya yang dinilai tepat             Commissioners may be dismissed by the GMS based on
    oleh RUPS demi kepentingan dan tujuan Perseroan.                    other reasons deemed appropriate by the GMS in the
                                                                        interests of the Company.
12. Penetapan pemberhentian anggota Dewan Komisaris                 12. The dismissal of a member of the Board of Commissioners
    dilakukan dengan Keputusan RUPS.                                    shall be determined by a GMS Resolution.
13. Selama proses pemberhentian berlangsung, maka                   13. During the dismissal process, the member of the Board
    anggota Dewan Komisaris yang bersangkutan wajib                     of Commissioners concerned shall continue to perform
    tetap melaksanakan tugasnya sebagaimana mestinya.                   their duties as usual.
14. Perseroan wajib menyelenggarakan RUPS untuk                     14. The Company shall be obliged to hold a GMS to replace
    melakukan penggantian anggota Dewan Komisaris                       members of the Board of Commissioners who do not
    yang tidak memenuhi persyaratan. Dalam jangka                       meet the requirements. This must be done within a
    waktu paling lambat 2 (dua) hari kerja terhitung sejak              maximum period of 2 (two) working days from the
    diketahui pengangkatan anggota Dewan Komisaris                      date on which it is known that the appointment of the
    tidak memenuhi persyaratan. Anggota Dewan Komisaris                 member of the Board of Commissioners does not meet
    lainnya, harus mengumumkan batalnya pengangkatan                    the requirements. The other members of the Board of
    anggota Dewan Komisaris yang bersangkutan dalam                     Commissioners must announce the cancellation of the
    media pengumuman, dan paling lambat dalam 7 (tujuh)                 appointment of the concerned Board of Commissioners
    hari memberitahukan kepada Menteri Hukum dan Hak                    member in the media and notify the Minister of Law and
    Asasi Manusia. Sebagai tindak lanjut terkait penggantian            Human Rights within 7 (seven) days at the latest. As a
    anggota Dewan Komisaris yang tidak Memenuhi                         follow-up to the replacement of Board of Commissioners
    persyaratan, Perseroan wajib menyelenggarakan RUPS                  members who do not meet the requirements, the
    untuk melakukan penggantian anggota Dewan Komisaris                 Company is required to hold a GMS to replace the
    yang tidak memenuhi persyaratan tersebut.                           Board of Commissioners members who do not meet the
                                                                        requirements.




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Komisaris Independen
Independent Commissioner

Komisaris Independen diatur dalam Peraturan Otoritas Jasa             Independent Commissioners are regulated in Financial
Keuangan No. 33/POJK.04/2014 bahwa setiap perusahaan                  Services Authority Regulation No. 33/POJK.04/2014, which
publik harus memiliki Komisaris Independen sekurang-                  stipulates that every public company must have Independent
kurangnya 30% dari jumlah seluruh anggota Dewan                       Commissioners comprising at least 30% of the total number
Komisaris. Keberadaan Komisaris Independen dimaksudkan                of members of the Board of Commissioners. The existence
untuk menciptakan iklim yang lebih objektif dan mandiri               of Independent Commissioners is intended to create a more
menjaga “fairness” serta mampu memberikan keseimbangan                objective and independent environment that maintains
antara kepentingan pemegang saham mayoritas dengan                    fairness and provides a balance between the interests of
pemegang saham minoritas serta memberikan perlindungan                majority shareholders and minority shareholders, as well as
terhadap kepentingan pemegang saham minoritas dan                     protecting the interests of minority shareholders and other
pemangku kepentingan lainnya.                                         stakeholders.


Kriteria Penentuan Komisaris Independen                               Criteria for Determining Independent
                                                                      Commissioners
Berdasarkan pasal 21 Peraturan OJK No. 33/POJK.04/2014                Based on Article 21 of OJK Regulation No. 33/POJK.04/2014
tanggal 8 Desember 2014, selain harus memenuhi                        dated December 8, 2014, in addition to meeting the
persyaratan yang berlaku bagi Direksi dan Dewan Komisaris,            requirements applicable to the Board of Directors and Board
Komisaris Independen harus memenuhi persyaratan sebagai               of Commissioners, Independent Commissioners must meet
berikut:                                                              the following criteria:
1. Bukan merupakan orang yang bekerja atau mempunyai                  1. Not a person who works for or has the authority and
    wewenang dan tanggung jawab untuk merencanakan,                       responsibility to plan, lead, control, or supervise the
    memimpin, mengendalikan, atau mengawasi Kegiatan                      Company’s activities within the last 6 (six) months, except
    Perseroan dalam waktu 6 (enam) bulan terakhir,                        for reappointment as an Independent Commissioner of
    kecuali untuk pengangkatan kembali sebagai Komisaris                  the Company for the next term.
    Independen Perseroan pada periode berikutnya.
2. Tidak mempunyai saham baik langsung maupun tidak                   2. Not owning shares, either directly or indirectly, in the
    langsung pada Perseroan.                                             Company.
3. Tidak memiliki hubungan afiliasi dengan Perseroan,                 3. Not affiliated with the Company, members of the Board
    anggota Dewan Komisaris, anggota Direksi atau                        of Commissioners, members of the Board of Directors,
    pemegang saham utama Perseroan.                                      or major shareholders of the Company.
4. Tidak mempunyai hubungan usaha baik langsung                       4. Not having any business relationship, either directly or
    maupun tidak langsung yang berkaitan dengan kegiatan                 indirectly, related to the Company’s business activities.
    usaha Perseroan.


Komposisi Komisaris Independen                                        Composition of Independent
                                                                      Commissioners
Komposisi Komisaris Independen yang dimiliki Perseroan                The composition of the Independent Commissioners in
di tahun 2025 ialah sebanyak 3 (tiga) orang dari total 6              the Company in 2025 consists of 3 (three) people out of a
(enam) orang anggota Dewan Komisaris. Dengan demikian,                total of 6 (six) Board of Commissioners members. Thus, the
Perseroan telah memenuhi regulasi yang ditetapkan.                    Company has complied with the regulations set forth. The
Susunan Komisaris Independen Perseroan adalah sebagai                 composition of the Company’s Independent Commissioners
berikut:                                                              is as follows:

Tabel Komposisi Komisaris Independen Tahun 2025
Table of Independent Commissioner Composition in 2025


               Nama                                  Jabatan                                    Dasar Pengangkatan
               Name                                  Position                                    Appointment Basis
                                      Komisaris Independen               Keputusan RUPS Tahunan tanggal 7 Mei 2025
 Nachrowi Ramli*
                                      Independent Commissioner           Annual GMS Resolution dated May 7, 2025

                                      Komisaris Independen               Keputusan RUPS Tahunan tanggal 7 Mei 2025
 Rudi Antariksawan*
                                      Independent Commissioner           Annual GMS Resolution dated May 7, 2025

                                      Komisaris Independen               Keputusan RUPS Luar Biasa tanggal 17 Desember 2025
 Tedi Kurniawan***
                                      Independent Commissioner           Extraordinary GMS Resolution dated December 17, 2025

                                      Komisaris Independen               Keputusan RUPS Luar Biasa tanggal 8 Februari 2023
 Marsetio**
                                      Independent Commissioner           Extraordinary GMS Resolution dated February 8, 2023


PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                557
Page 558
01                                02                        03                     04                                         05
Ikhtisar Kinerja Utama            Laporan Manajemen         Profil Perusahaan       Analisa dan Pembahasan Manajemen           Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report         Company Profile         Management Discussion and Analysis         Business Support Functions




Tabel Komposisi Komisaris Independen Tahun 2025
Table of Independent Commissioner Composition in 2025


                 Nama                                  Jabatan                                       Dasar Pengangkatan
                 Name                                  Position                                       Appointment Basis
                                         Komisaris Independen                   Keputusan RUPS Luar Biasa tanggal 8 Februari 2023
 Abdul Rachman**
                                         Independent Commissioner               Extraordinary GMS Resolution dated February 8, 2023

                                         Komisaris Independen                   Keputusan RUPS Luar Biasa tanggal 8 Februari 2023
 Seppalga Ahmad****
                                         Independent Commissioner               Extraordinary GMS Resolution dated February 8, 2023
 Keterangan/Notes:
 *     Menjabat sejak 7 Mei 2025/Appointed since May 7, 2025
 **    Menjabat sampai 7 Mei 2025/Serving until May 7, 2025
 *** Menjabat sejak 17 Desember 2025/Appointed since December 17, 2025
 **** Menjabat sampai 12 November 2025/Serving until November 12, 2025




Pernyataan Tentang Independensi Komisaris                                      Statement of Independence from Independent
Independen                                                                     Commissioners


                       Kriteria                       Nachrowi         Rudi            Tedi                               Abdul         Seppalga
                       Criteria                                                                        Marsetio**
                                                       Ramli*     Antariksawan*    Kurniawan***                         Rachman**      Ahmad****
 Bukan merupakan orang yang bekerja
 atau mempunyai wewenang dan tanggung
 jawab untuk merencanakan, memimpin,
 mengendalikan, atau mengawasi kegiatan
 Emiten atau Perusahaan Publik tersebut
 dalam waktu 6 (enam) bulan terakhir,
 kecuali   untuk     pengangkatan        kembali
 sebagai Komisaris Independen Emiten atau
 Perusahaan Publik pada periode berikutnya.
 Not a person who works or has the authority
 and responsibility to plan, lead, control, or
 supervise the activities of the Issuer or Public
 Company within the last 6 (six) months,
 except for reappointment as an Independent
 Commissioner of the Issuer or Public
 Company in the following period.

 Tidak mempunyai saham baik langsung
 maupun tidak langsung pada Emiten atau
 Perusahaan Publik tersebut.
 Do not have any direct or indirect shares in
 the Issuer or Public Company.

 Tidak mempunyai hubungan Afiliasi dengan
 Emiten atau Perusahaan Publik, anggota
 Dewan Komisaris, anggota Direksi, atau
 Pemegang Saham Utama Emiten atau
 Perusahaan Publik tersebut.
 Do not have any affiliate relationship with the
 Issuer or Public Company, members of the
 Board of Commissioners, members of the
 Board of Directors, or the Issuer’s or Public
 Company’s major shareholders.

 Tidak mempunyai hubungan usaha baik
 langsung maupun tidak langsung yang
 berkaitan dengan kegiatan usaha Emiten
 atau Perusahaan Publik tersebut.
 Do not have any direct or indirect business
 relationships related to the business activities
 of the Issuer or Public Company
 Keterangan/Notes:
 *    Menjabat sejak 7 Mei 2025/Appointed since May 7, 2025
 ** Menjabat sampai 7 Mei 2025/Serving until May 7, 2025
 *** Menjabat sejak 17 Desember 2025/Appointed since December 17, 2025
 **** Menjabat sampai 12 November 2025/Serving until November 12, 2025




558                                                                               Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 559
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Direksi
Board of Directors

Sebagai organ Perseroan, Direksi bertanggung jawab                    As an organ of the Company, the Board of Directors is
penuh atas pengurusan dan pengelolaan Perseroan. Direksi              fully responsible for the administration and management
bertugas dan bertanggung jawab secara kolektif kolegial               of the Company. The Board of Directors has the duty and
dalam mengelola Perseroan demi tercapainya tujuan                     responsibility to collectively and collegially manage the
Perseroan dengan tetap tunduk dan patuh terhadap setiap               Company, achieving its objectives while remaining subject to
ketentuan yang berlaku. Masing-masing anggota Direksi                 and complying with all applicable provisions. Each member
melaksanakan tugas dan mengambil keputusan sesuai                     performs their duties and makes decisions in accordance
dengan pembagian tugas, wewenang, dan hal-hal lain yang               with the division of tasks, authority, and other matters
terkait dengan jabatannya sesuai dengan Anggaran Dasar                related to their position per the Articles of Association and
dan peraturan perundang-undangan yang berlaku.                        applicable laws and regulations.


Pedoman Kerja/Piagam Direksi                                          Board of Director Work Guideline/Charter
Dalam melaksanakan tugas dan fungsinya, Direksi memiliki              In carrying out its duties and functions, the Board of
acuan kerja yang termuat dalam Pedoman Kerja Dewan                    Directors has a work reference contained in the Board of
Komisaris dan Direksi (Board Manual) yang ditandatangani              Commissioners and Board of Directors Work Guidelines
oleh Dewan Komisaris dan Direksi. Board Manual menjadi                (Board Manual) signed by the Board of Commissioners and
acuan Direksi dalam melakukan pengambilan keputusan dan               Board of Directors. The Board Manual serves as a reference
pelaksanaan tugas serta tanggung jawabnya.                            for the Board of Directors in making decisions and carrying
                                                                      out its duties and responsibilities.

Board Manual berisi petunjuk tata laksana kerja Dewan                 The Board Manual provides guidelines for the work
Komisaris dan DIreksi dan menjelaskan tahapan aktivitas               procedures of the Board of Commissioners and the
secara terstruktur, sistematis dan mudah dipahami serta               Board of Directors, explaining the stages of activities in a
dijalankan dengan konsisten. Substansi Board Manual                   structured, systematic, and straightforward manner that can
tersusun atas prinsip-prinsip hukum korporasi, ketentuan              be implemented consistently. The substance of the Board
Anggaran Dasar, Peraturan perundang-undangan yang                     Manual comprises corporate law principles, provisions of
berlaku, arahan Pemegang Saham serta praktik-praktik                  the Articles of Association, applicable laws and regulations,
terbaik (best practices) tata kelola perusahaan. Selain               shareholder directives, and best practices in corporate
berpedoman pada Board Manual, Direksi juga dalam                      governance. In addition to the Board Manual, the Board of
melaksanakan tugas dan tanggung jawabnya dengan                       Directors performs its duties and responsibilities per the
berpedoman pada Code of Corporate Governance dan                      Code of Corporate Governance and the Code of Conduct.
Code of Conduct. Baik Code of Corporate Governance                    Both the Code of Corporate Governance and the Code of
maupun Code of Conduct, keduanya ditandatangani oleh                  Conduct have been signed by the Board of Commissioners
Dewan Komisaris dan Direksi sebagai wujud komitmen                    and the Board of Directors as a manifestation of their
dalam mengimplementasikan prinsip-prinsip Tata Kelola                 commitment to consistently implementing the principles of
Perusahaan yang Baik secara konsisten.                                Good Corporate Governance.

Pedoman kerja terkait Direksi di dalam buku pedoman kerja             The work guidelines related to the Board of Directors in
(Board Manual) terdapat pada Bab III tentang Direksi yang             the work manual (Board Manual) are contained in Chapter
secara garis besar mengatur hal-hal sebagai berikut:                  III on the Board of Directors, which broadly regulates the
                                                                      following matters:
1. Tugas Direksi;                                                     1. Duties of the Board of Directors;
2. Hak dan Wewenang Direksi;                                          2. Rights and Authorities of the Board of Directors;
3. Kewajiban Direksi;                                                 3. Obligations of the Board of Directors;
4. Persyaratan Direksi;                                               4. Requirements for the Board of Directors;
5. Keanggotaan Direksi;                                               5. Membership of the Board of Directors;
6. Program Pengenalan dan Peningkatan Kapabilitas;                    6. Induction and Capability Improvement Program;
7. Etika Jabatan Direksi;                                             7. Ethics of the Board of Directors;
8. Rapat Direksi;                                                     8. Board of Directors Meetings;
9. Penilaian Kinerja Direksi;                                         9. Board of Directors Performance Appraisal;
10. Corporate Secretary; dan                                          10. Corporate Secretary; and
11. Internal Audit.                                                   11. Internal Audit.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                           559
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01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Kriteria dan Penunjukan Direksi                                     Board of Directors Criteria and Appointment
Berdasarkan Pasal 11 ayat 10 dan Pasal 14 ayat 12                   Based on Article 11, paragraph 10, and Article 14, paragraph
Anggaran Dasar Perseroan, anggota Direksi dan Dewan                 12 of the Articles of Association, members of the Board
Komisaris diangkat dan diberhentikan oleh Rapat Umum                of Directors and Board of Commissioners are appointed
Pemegang Saham (RUPS) dari calon-calon yang diusulkan               and dismissed by the General Meeting of Shareholders
oleh Pemegang Saham Seri A Dwiwarna. Pengangkatan                   (GMS) from candidates proposed by Series A Dwiwarna
dan pemberhentian anggota Direksi dan Dewan Komisaris               Shareholders. The appointment and dismissal of members
dilakukan oleh RUPS yang dihadiri oleh Pemegang Saham               of the Board of Directors and Board of Commissioners is
Seri A Dwiwarna dan keputusan RUPS harus disetujui oleh             carried out by the GMS attended by Series A Dwiwarna
Pemegang Saham Seri A Dwiwarna. Berdasarkan ketentuan-              Shareholders, and Series A Dwiwarna Shareholders must
ketentuan di atas, pengangkatan/pemberhentian anggota               approve the GMS resolution. Based on the above provisions,
Direksi dan Dewan Komisaris diajukan oleh Pemegang                  the appointment/dismissal of members of the Board of
Saham Seri A Dwiwarna. Jasa Marga memiliki top talent               Directors and Board of Commissioners is proposed by
yang disaring dari talent pool yang dimiliki BP BUMN.               Series A Dwiwarna Shareholders. Jasa Marga has top talent
Top talent yang diusulkan oleh Direksi dan disetujui oleh           that is screened from the talent pool owned by the State-
Dewan Komisaris kemudian disampaikan untuk mengikuti                Owned Enterprises Regulatory Agency. The top talent
serangkaian validasi dan kalibrasi Cluster Talent Committe          proposed by the Board of Directors and approved by the
dan selanjutnya akan dilakukan validasi dan assessment              Board of Commissioners is then submitted to undergo a
oleh BP BUMN untuk dapat dicalonkan dan diusulkan                   series of validations and calibrations by the Cluster Talent
dalam RUPS Perseroan. Para top talent mendapatkan                   Committee, followed by validation and assessment by
pengembangan yang khusus diberikan baik oleh Perseroan              the State-Owned Enterprises Regulatory Agency to be
maupun oleh BP BUMN.                                                nominated and proposed at the GMS. The top talent receives
                                                                    special development provided by both the Company and the
                                                                    State-Owned Enterprises Regulatory Agency.

Setiap anggota Direksi yang diangkat, yang diangkat, harus          Each member of the Board of Directors who is appointed
memenuhi persyaratan formal, materiil dan persyaratan lain          must meet the formal, material, and other requirements
yang ditetapkan oleh Peraturan Menteri BUMN No. PER-3/              stipulated by the Minister of SOE Regulation No. PER-3/
MBU/03/2023 tanggal 24 Maret 2023 Organ dan Sumber                  MBU/03/2023 dated March 24, 2023, on State-Owned
Daya Manusia Badan Usaha Milik Negara, serta persyaratan            Enterprises’ Organs and Human Resources, as well as the
sebagaimana tertuang dalam Anggaran Dasar. Dalam                    Articles of Association. The requirements stipulate that
persyaratannya dijelaskan bahwa anggota Direksi adalah              members of the Board of Directors are individuals who meet
orang perseorangan yang memenuhi persyaratan pada saat              the following requirements at the time of appointment and
diangkat dan selama menjabat:                                       during their term of office:
1. Mempunyai akhlak, moral, dan integritas yang baik.               1. Have good character, morals, and integrity.
2. Cakap melakukan perbuatan hukum.                                 2. Be competent to perform legal actions.
3. Dalam 5 (lima) tahun sebelum pengangkatan dan selama             3. Within 5 (five) years before appointment and during their
    menjabat:                                                           term of office:
    a. Tidak pernah dinyatakan pailit;                                  a. Never have been declared bankrupt;
    b. Tidak pernah menjadi anggota Direksi dan/atau                    b. Never been a member of the Board of Directors and/
         anggota Dewan Komisaris yang dinyatakan bersalah                   or Board of Commissioners who has been found
         menyebabkan suatu Perseroan dinyatakan pailit;                     guilty of causing a company to be declared bankrupt;
    c. Tidak pernah dihukum karena melakukan tindak                     c. Never been convicted of a criminal offense that
         pidana yang merugikan keuangan negara dan/atau                     harms state finances and/or is related to the financial
         yang berkaitan dengan sektor keuangan;                             sector;
    d. Tidak pernah menjadi anggota Direksi dan/atau                    d. Never been a member of the Board of Directors and/
         anggota Dewan Komisaris yang selama menjabat:                      or Board of Commissioners who, during their tenure:
         i. Pernah tidak menyelenggarakan RUPS Tahunan.                     i. Failed to hold an annual GMS.
         ii. Pertanggungjawabannya      sebagai    anggota                  ii. Their accountability as a member of the Board
             Direksi dan/atau anggota Dewan Komisaris                           of Directors and/or Board of Commissioners was
             pernah tidak diterima oleh RUPS atau pernah                        never accepted by the GMS or never provided
             tidak memberikan pertanggungjawaban sebagai                        accountability as a member of the Board of
             anggota Direksi dan/atau anggota Dewan                             Directors and/or Board of Commissioners to the
             Komisaris kepada RUPS.                                             GMS.
4. Pernah menyebabkan Perseroan yang memperoleh                     4. Have caused the Company that obtained a license,
    izin, persetujuan, atau pendaftaran dari Otoritas Jasa              approval, or registration from the Financial Services
    Keuangan tidak memenuhi kewajiban menyampaikan                      Authority to fail to fulfill its obligation to submit annual
    laporan tahunan dan/atau laporan keuangan kepada                    reports and/or financial reports to the Financial Services
    Otoritas Jasa Keuangan.                                             Authority.
5. Memiliki      komitmen    untuk   mematuhi   Peraturan           5. Commit to comply with laws and regulations.
    Perundangan.
6. Memiliki pengetahuan dan/atau keahlian di bidang yang            6. Have knowledge and/or expertise in the fields required
    dibutuhkan Perseroan.                                              by the Company.



560                                                                      Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 561
06                               07                                  08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan    Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility     Reference of POJK, SEOJK, and ARA Criteria




7.   Memenuhi persyaratan-persyaratan lainnya, mengikuti               7.   Fulfill other requirements, in accordance with the
     ketentuan:                                                             provisions of:
     a. Undang-Undang No. 40 Tahun 2007 tentang                             a. Law No. 40 of 2007 on Limited Liability Companies;
         Perseroan Terbatas;
     b. Peraturan perundangan di bidang Pasar Modal; dan                    b. Laws and regulations on Capital Markets; and
     c. Peraturan perundangan yang berlaku bagi Perseroan                   c. Laws and regulations applicable to the Company
         yang terkait dengan kegiatan usaha Perseroan.                         related to the Company’s business activities.


Ketentuan Masa Jabatan dan Proses                                      Term of Office and Post-Appointment
Setelah Pengangkatan                                                   Process
Anggota Direksi menjabat untuk jangka waktu yang telah                 Members of the Board of Directors shall serve for a
ditentukan, yaitu terhitung sejak penutupan RUPS pada                  specified term, starting from the closing of the GMS at the
saat pengangkatan dan berakhir pada penutupan RUPS                     time of appointment and ending at the closing of the fifth
yang ke-5 (lima) setelah pengangkatannya dengan tidak                  GMS after their appointment, without prejudice to the GMS’s
mengurangi hak RUPS untuk memberhentikan anggota                       right to dismiss members of the Board of Directors at any
Direksi sewaktu-waktu. Setelah pengangkatan Direksi baru,              time. Following the appointment of new directors, based
berdasakan ketentuan Bab III. F. 1 Board Manual Perseroan,             on the provisions of Chapter III. F. 1 Board Manual of the
wajib dilaksanakan Program Pengenalan bagi Pengurus Baru               Company, an Induction Program for New Management must
yang dilaksanakan dalam waktu selambat-lambatnya 3 (tiga)              be implemented no later than 3 (three) months after their
bulan sejak pengangkatannya. Informasi mengenai realisasi              appointment. Information regarding the implementation of
program ini pada tahun 2025 dapat dilihat pada bagian                  this program in 2025 can be found in the section on the
Program Pengenalan Perseroan Bagi Anggota Direksi Baru.                Company’s Induction Program for New Board Members.


Susunan, Jumlah, Komposisi dan Dasar                                   Structure, Number, Composition, and
Pengangkatan Anggota Direksi pada                                      Appointment Basis of Board of Directors
Tahun 2025                                                             Members in 2025
Perseroan melaksanakan RUPS Tahunan tanggal 7 Mei 2025,                The Company held its Annual GMS on May 7, 2025, with
dengan salah satu agenda Perubahan Susunan Pengurus                    one of the agenda items being changes to the Company’s
Perseroan. Berdasarkan Keputusan RUPS Tahunan tersebut,                Management composition. Based on the Annual GMS
diputuskan adanya perubahan Pengurus, sehingga susunan                 resolution, it was decided that there would be changes to
Pengurus Perseroan mengalami perubahan.                                the Management, resulting in changes to the composition of
                                                                       the Company’s Management.

Adapun susunan Direksi masih tetap berjumlah 6 (enam)                  The composition of the Board of Directors remains at 6 (six)
orang, terdiri dari Direktur Utama, Direktur Operasi dan               members, consisting of the President Director, Director of
Pelayanan, Direktur Pengembangan Usaha, Direktur                       Operations and Services, Director of Business Development,
Keuangan dan Manajemen Risiko, Direktur Bisnis, serta                  Director of Finance and Risk Management, Director of
Direktur Human Capital dan Transformasi, sebagaimana                   Business, and Director of Human Capital and Transformation,
disampaikan pada tabel berikut:                                        as shown in the following table:


Tabel Susunan Anggota Direksi Tahun 2025
Table of Board of Directors Member Composition in 2025


             Nama                                   Jabatan                                        Dasar Pengangkatan
             Name                                   Position                                        Appointment Basis
                                Direktur Utama                                 Keputusan RUPS Tahunan tanggal 7 Mei 2025
 Rivan A. Purwantono*
                                President Director                             Annual GMS Resolution dated May 7, 2025

                                Direktur Bisnis                                Keputusan RUPS Luar Biasa tanggal 22 Desember 2021
 Reza Febriano
                                Director of Business                           Extraordinary GMS Resolution dated December 22, 2021

                                Direktur Human Capital dan Transformasi        Keputusan RUPS Luar Biasa tanggal 08 Februari 2023
 Yoga Tri Anggoro*
                                Director of Human Capital and Transformation   Resolution of the Extraordinary GMS dated 8 February 2023

                                Direktur Keuangan dan Manajemen Risiko         Keputusan RUPS Tahunan tanggal 7 Mei 2025
 Pramitha Wulanjani
                                Director of Finance and Risk Management        Annual GMS Resolution dated May 7, 2025

                                                                               •   Keputusan RUPS Tahunan tanggal 11 Juni 2020
                                                                               •   Keputusan RUPS Tahunan tanggal 7 Mei 2025
                                Direktur Operasi *****                         •   Keputusan RUPS Luar Biasa tanggal 17 Desember 2025
 Fitri Wiyanti
                                Director of Operations                         •   Annual GMS Resolution dated June 11, 2020
                                                                               •   Annual GMS Resolution dated May 7, 2025
                                                                               •   Extraordinary GMS Resolution dated December 17, 2025




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                  561
Page 562
01                                  02                         03                       04                                          05
Ikhtisar Kinerja Utama              Laporan Manajemen          Profil Perusahaan         Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report          Company Profile           Management Discussion and Analysis          Business Support Functions




Tabel Susunan Anggota Direksi Tahun 2025
Table of Board of Directors Member Composition in 2025


              Nama                                        Jabatan                                           Dasar Pengangkatan
              Name                                        Position                                           Appointment Basis
                                     Direktur Layanan                                   Keputusan RUPS Luar Biasa tanggal 17 Desember 2025
 Yaya Ruhiya***
                                     Director of Services                               Extraordinary GMS Resolution dated December 17, 2025

                                     Direktur Pengembangan Usaha                        Keputusan RUPS Luar Biasa tanggal 17 Desember 2025
 Ari Respati***
                                     Director of Business Development                   Extraordinary GMS Resolution dated December 17, 2025

                                                                                        •    Keputusan RUPS Luar Biasa tanggal 29 Agustus 2016
                                                                                             (Periode Pertama)
                                                                                        •    Keputusan RUPS Tahunan tanggal 27 Mei 2021 juncto
                                                                                             Keputusan RUPS Luar Biasa tanggal 27 Agustus 2021
                                     Direktur Utama                                          (Periode Kedua)
 Subakti Syukur**
                                     President Director                                 •    Extraordinary GMS Resolution dated August 29, 2016
                                                                                             (First Term)
                                                                                        •    Annual GMS Resolution dated May 27, 2021, in
                                                                                             conjunction with Extraordinary GMS resolution dated
                                                                                             August 27, 2021 (Second Term)

                                     Direktur Human Capital dan Transformasi            Keputusan RUPS Luar Biasa tanggal 22 Desember 2021
 Bagus Cahya Arinta B.**
                                     Director of Human Capital and Transformation       Extraordinary GMS Resolution dated December 22, 2021

 Mohamad Agus                        Direktur Pengembangan Usaha                        Keputusan RUPS Tahunan tanggal 27 Mei 2021
 Setiawan ****                       Director of Business Development                   Annual GMS Resolution dated May 27, 2021
 Keterangan/Notes:
 *     Menjabat sejak 7 Mei 2025/Appointed since May 7, 2025
 **    Menjabat sampai 7 Mei 2025/Serving until May 7, 2025
 ***   Menjabat sejak 17 Desember 2025/Appointed since December 17, 2025
 **** Menjabat sampai 17 Desember 2025/Serving until December 17, 2025
 ***** Per 7 Mei 2025, nomenklatur berubah menjadi Direktur Operasi dan Layanan, kemudian ditetapkan kembali menjadi Direktur Operasi melalui RUPSLB 17
       Desember 2025/As of May 7, 2025, the nomenclature changed to Director of Operations and Services, then reverted to Director of Operations through the
       Extraordinary General Meeting of Shareholders on December 17, 2025.




Penilaian Kemampuan dan Kepatutan                                                 Aptitude and Suitability Assessment
Seluruh anggota Direksi Jasa Marga yang diangkat, telah                           All members of the Board of Directors of Jasa Marga who
memenuhi kriteria dan ketentuan yang dipersyaratkan dalam                         have been appointed have met the criteria and requirements
uji kepatutan dan kelayakan (fit and proper test) berdasarkan                     in the fit and proper test based on the Limited Liability
Undang-Undang Perseroan Terbatas, Anggaran Dasar                                  Company Law, the Company’s Articles of Association,
Perseroan, peraturan terkait Tata Kelola Perusahaan yang                          regulations related to Good Corporate Governance, and
Baik, serta peraturan dan ketentuan lain yang terkait.                            other relevant regulations and provisions. All members of
Seluruh anggota Direksi memiliki integritas, kompetensi,                          the Board of Directors have sufficient integrity, competence,
dan reputasi yang memadai. Hal tersebut dibuktikan dengan                         and reputation. This is evidenced by the implementation of
telah dilaksanakannya fit and proper test sebagai berikut:                        the following fit and proper tests:

Tabel Pelaksanaan Fit and Proper Test Direksi
Table of Fit and Proper Test Implementation for the Board of Directors


         Nama                        Jabatan                                                 Dasar Pengangkatan
         Name                        Position                                                 Appointment Basis
                             Direktur Utama                Badan Pengatur BUMN (d/h Kementerian BUMN)
 Rivan A. Purwantono*
                             President Director            State-Owned Enterprises Regulatory Agency (formerly the Ministry of State-Owned Enterprises)

                             Direktur Bisnis               Badan Pengatur BUMN (d/h Kementerian BUMN)
 Reza Febriano
                             Director of Business          State-Owned Enterprises Regulatory Agency (formerly the Ministry of State-Owned Enterprises)

                             Direktur Human Capital dan    Badan Pengatur BUMN (d/h Kementerian BUMN)
                             Transformasi                  State-Owned Enterprises Regulatory Agency (formerly the Ministry of State-Owned Enterprises)
 Yoga Tri Anggoro*
                             Director of Human Capital
                             and Transformation

                             Direktur Operasi *****        Badan Pengatur BUMN (d/h Kementerian BUMN)
 Fitri Wiyanti
                             Director of Operations        State-Owned Enterprises Regulatory Agency (formerly the Ministry of State-Owned Enterprises)

                             Direktur Layanan              Badan Pengatur BUMN (d/h Kementerian BUMN)
 Yaya Ruhiya***
                             Director of Services          State-Owned Enterprises Regulatory Agency (formerly the Ministry of State-Owned Enterprises)

                             Direktur Pengembangan         Badan Pengatur BUMN (d/h Kementerian BUMN)
                             Usaha                         State-Owned Enterprises Regulatory Agency (formerly the Ministry of State-Owned Enterprises)
 Ari Respati***
                             Director of Business
                             Development



562                                                                                    Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 563
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Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




Tabel Pelaksanaan Fit and Proper Test Direksi
Table of Fit and Proper Test Implementation for the Board of Directors


        Nama                        Jabatan                                                  Dasar Pengangkatan
        Name                        Position                                                  Appointment Basis
                            Direktur Utama                Badan Pengatur BUMN (d/h Kementerian BUMN)
 Subakti Syukur**
                            President Director            State-Owned Enterprises Regulatory Agency (formerly the Ministry of State-Owned Enterprises)

                            Direktur Human Capital dan    Badan Pengatur BUMN (d/h Kementerian BUMN)
 Bagus Cahya                Transformasi                  State-Owned Enterprises Regulatory Agency (formerly the Ministry of State-Owned Enterprises)
 Arinta B.**                Director of Human Capital
                            and Transformation

                            Direktur Pengembangan         Badan Pengatur BUMN (d/h Kementerian BUMN)
 Mohamad Agus               Usaha                         State-Owned Enterprises Regulatory Agency (formerly the Ministry of State-Owned Enterprises)
 Setiawan****               Director of Business
                            Development

 Keterangan/Notes:
 *     Menjabat sejak 7 Mei 2025/Appointed since May 7, 2025
 **    Menjabat sampai 7 Mei 2025/Serving until May 7, 2025
 ***   Menjabat sejak 17 Desember 2025/Appointed since December 17, 2025
 **** Menjabat sampai 17 Desember 2025/Serving until December 17, 2025
 ***** Per 7 Mei 2025, nomenklatur berubah menjadi Direktur Operasi dan Layanan, kemudian ditetapkan kembali menjadi Direktur Operasi melalui RUPSLB 17
       Desember 2025/As of May 7, 2025, the nomenclature changed to Director of Operations and Services, then reverted to Director of Operations through the
       Extraordinary General Meeting of Shareholders on December 17, 2025.




Tugas dan Tanggung Jawab                                                        Duties and Responsibilities
Direksi bertugas dan bertanggung jawab melakukan                                The Board of Directors is tasked with and responsible for
pengurusan Perseroan, dan berwenang untuk mewakili                              managing the Company, and is authorized to represent
Perseroan baik di dalam maupun di luar pengadilan sebagai                       the Company both in and out of court as mandated by
amanat dari Pemegang Saham yang ditetapkan dalam RUPS.                          the Shareholders as stipulated in the GMS. The Board
Direksi mempertanggungjawabkan pelaksanaan tugasnya                             of Directors is accountable to the shareholders for the
kepada pemegang saham melalui RUPS. Dalam menjalankan                           performance of its duties through the GMS. In carrying out
jabatannya, Direksi memiliki tugas untuk menindaklanjuti                        its duties, the Board of Directors is responsible for following
temuan audit dan rekomendasi hasil pemeriksaan auditor                          up on audit findings and recommendations from internal
internal, yang dilakukan oleh Unit Internal Audit maupun                        audits conducted by the Internal Audit Unit and external
auditor eksternal. Tindak lanjut yang dilakukan oleh Direksi,                   auditors. The follow-up actions taken by the Board of
bertujuan untuk perbaikan Perseroan agar kedepannya                             Directors are aimed at improving the Company so that in the
pengelolaan Perseroan menjadi lebih baik dan tujuan                             future, the management of the Company will be better and
Perseroan dapat tercapai dengan tetap mematuhi ketentuan                        the Company’s objectives can be achieved while complying
yang berlaku.                                                                   with applicable regulations.

Sebagaimana diatur dalam ketentuan yang berlaku, Direksi                        As stipulated in the applicable provisions, the Board of
memiliki tugas pokok untuk memimpin dan mengurus                                Directors has the main duty to lead and manage the Company
Perseroan sesuai dengan maksud dan tujuan Perseroan, dan                        in accordance with the Company’s aims and objectives, and
senantiasa berusaha meningkatkan efisiensi dan efektivitas                      to constantly strive to improve the Company’s efficiency
Perseroan. Direksi juga diberikan kuasa untuk menguasai,                        and effectiveness. The Board of Directors is also given the
memelihara, dan mengurus kekayaan Perseroan. Dalam                              authority to control, maintain, and manage the Company’s
melaksanakan tugas pokoknya, Direksi:                                           assets. In carrying out its main duties, the Board of Directors:
1. Tunduk pada ketentuan peraturan perundang-undangan                           1. Complies with applicable laws and regulations, the
   yang berlaku, Anggaran Dasar Perseroan dan keputusan                             Company’s Articles of Association, and GMS resolutions.
   RUPS.
2. Memperhatikan kepentingan Perseroan sesuai dengan                            2. Considers the interests of the Company in accordance
   maksud dan tujuan Perseroan serta tidak dimaksudkan                             with the Company’s objectives and purposes and not for
   untuk kepentingan pihak dan golongan tertentu.                                  the interests of certain parties and groups.
3. Beritikad baik, berintegritas, profesional, penuh                            3. Act in good faith, with integrity, professionalism,
   kehatihatian, dan bertanggung jawab serta menerapkan                            prudence, and responsibility, and consistently apply the
   prinsip-prinsip GCG secara konsisten.                                           principles of GCG.
4. Menjaga kerahasiaan data dan/atau informasi Perseroan.                       4. Maintain the confidentiality of the Company’s data and/
                                                                                   or information.

Selain tugas-tugas pokok tersebut, dalam Board Manual                           In addition to these main duties, the Board Manual also lists
juga mencantumkan tugas lain dari Direksi berkaitan dengan:                     other duties of the Board of Directors related to:
1. Tugas terkait Pemegang Saham/RUPS.                                           1. Duties related to Shareholders/GMS.
2. Tugas terkait Strategi dan Rencana Kerja.                                    2. Tasks related to Strategy and Work Plans.
3. Tugas terkait Manajemen Risiko.                                              3. Tasks related to Risk Management.
4. Tugas terkait Pengendalian Internal.                                         4. Tasks related to Internal Control.


PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                                 563
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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile           Management Discussion and Analysis       Business Support Functions




5. Tugas terkait Sistem Akuntansi dan Pembukuan.                    5.  Tasks related to Accounting and Bookkeeping Systems.
6. Tugas terkait Sumber Daya Manusia.                               6.  Duties related to Human Resources.
7. Tugas terkait Teknologi Informasi.                               7.  Duties related to Information Technology.
8. Tugas terkait Pengadaan Barang dan Jasa Serta                    8.  Duties related to the Procurement of Goods and
   Peningkatan Mutu dan Pelayanan.                                      Services, as well as Quality and Service Improvement.
9. Tugas terkait Penerapan Good Corporate Governance.               9. Duties related to the Implementation of Good Corporate
                                                                        Governance.
10. Tugas terkait Penyampaian Informasi, Dokumen                    10. Duties related to the Information Submission, Company
    Perseroan dan Pelaporan.                                            Documents, and Reporting.
11. Tugas terkait Anak Perusahaan.                                  11. Duties related to Subsidiaries.
12. Tugas terkait Hubungan Masyarakat dan Stakeholders              12. Duties related to Public Relations and other Stakeholders.
    lainnya.
13. Tugas lainnya.                                                  13. Other duties.

Adapun prinsip dasar dalam melaksanakan tugas Direksi               The basic principles in carrying out the duties of the Board
adalah sebagai berikut:                                             of Directors are as follows:
1. Bertanggung jawab penuh dalam melaksanakan                       1. Fully responsible for carrying out their duties for the
   tugasnya untuk kepentingan dan usaha Perseroan dalam                 benefit and business of the Company in achieving its
   mencapai maksud dan tujuannya.                                       aims and objectives.
2. Dalam setiap pengambilan keputusan/tindakan harus                2. In every decision/action, business risks must be
   mempertimbangkan risiko usaha.                                       considered.
3. Setiap anggota Direksi bertanggung jawab penuh                   3. Each member of the Board of Directors is fully and jointly
   secara tanggung renteng atas kerugian Perseroan yang                 liable for losses incurred by the Company due to errors
   disebabkan oleh kesalahan atau kelalaian anggota                     or negligence of Board members in performing their
   Direksi dalam menjalankan tugasnya.                                  duties.
4. Anggota Direksi tidak dapat mempertanggungjawabkan               4. Members of the Board of Directors cannot be held liable
   atas kerugian Perseroan, apabila yang bersangkutan                   for losses incurred by the Company if they can prove
   dapat membuktikan bahwa:                                             that:
   a. Kerugian tersebut bukan karena kesalahan atau                     a. The losses were not due to their errors or negligence;
       kelalaiannya;
   b. Telah melakukan pengurusan dengan itikad baik dan                  b. They have acted in good faith and with prudence for
       kehati-hatian untuk kepentingan dan sesuai dengan                    the interests and in accordance with the aims and
       maksud dan tujuan Perseroan;                                         objectives of the Company;
   c. Tidak mempunyai benturan kepentingan baik                          c. They have no direct or indirect conflict of interest
       langsung maupun tidak langsung atas Tindakan                         in the management actions that resulted in the loss;
       pengurusan yang mengakibatkan kerugian; dan                          and
   d. Telah mengambil tindakan untuk mencegah                            d. They have taken action to prevent the continuation
       berlanjutnya kerugian tersebut.                                      of such losses.


Hak dan Wewenang                                                    Rights and Authorities
Hak dan wewenang Direksi di Perseroan adalah sebagai                The rights and authorities of the Board of Directors in the
berikut:                                                            Company are as follows:
1. Mewakili Perseroan di dalam dan di luar pengadilan               1. Representing the Company in and out of court and
    serta melakukan segala tindakan dan perbuatan baik                 performing all actions and deeds related to management
    mengenai pengurusan maupun mengenai pemilikan                      and ownership, binding the Company to other parties
    serta mengikat Perseroan dengan pihak lain dan/atau                and/or other parties to the Company, and carrying out
    pihak lain dengan Perseroan, serta menjalankan segala              all actions related to management and ownership, with
    tindakan, baik yang mengenai kepengurusan maupun                   the restrictions stipulated in the Company’s Articles of
    kepemilikan, dengan pembatasan yang ditetapkan dalam               Association and with due regard to the applicable laws
    Anggaran Dasar Perseroan dan dengan memperhatikan                  and regulations in the capital market in Indonesia.
    peraturan perundang-undangan yang berlaku di bidang
    pasar modal di Indonesia.
2. Untuk melakukan tindakan tertentu, Direksi terlebih              2. To perform certain actions, the Board of Directors
    dahulu harus mendapat persetujuan tertulis dari Dewan              must first obtain written approval from the Board of
    Komisaris dan Pemegang Saham Seri A Dwiwarna.                      Commissioners and Series A Dwiwarna Shareholders.
3. Kecuali ditentukan lain oleh peraturan dan ketentuan             3. Unless otherwise specified by applicable rules and
    yang berlaku, beberapa hal yang membutuhkan                        regulations, several matters that require the approval
    persetujuan dari Dewan Komisaris dan Pemegang                      of the Board of Commissioners and Series A Dwiwarna
    Saham Seri A Dwiwarna adalah:                                      Shareholders are:
    a. Melepasakan/memindahtangankan             dan/atau              a. Disposing of/transferring and/or pledging Company
        mengagunkan aset Perseroan dengan nilai melebihi                   assets with a value exceeding a certain amount
        jumlah tertentu yang ditetapkan oleh Dewan                         determined by the Board of Commissioners, which
        Komisaris, yaitu sebesar lebih kecil dari Rp100                    is less than Rp100 billion, except for assets recorded



564                                                                       Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




          miliar, kecuali aset yang dicatat sebagai persediaan,                 as inventory, with due regard to capital market
          dengan memperhatikan ketentuan di bidang pasar                        regulations;
          modal;
     b.   Mengadakan kerja sama dengan badan usaha atau                    b. Entering into cooperation with business entities or
          pihak lain, dalam bentuk Kerja Sama Operasi (KSO),                  other parties, in the form of Joint Operations (KSO),
          Kerja Sama Usaha (KSU), Kerja Sama Lisensi, Bangun                  Business Cooperation (KSU), License Cooperation,
          Guna Serah (Build, Operate and Transfer/BOT),                       Build, Operate and Transfer (BOT), Build, Transfer
          Bangun Serah Guna (Build, Transfer and Operate/                     and Operate (BTO), Build, Operate and Own (BOO)
          BTO), Bangun Guna Milik (Build, Operate and Own/                    and other agreements of a similar nature whose term
          BOO) dan perjanjian lain yang mempunyai sifat                       or value exceeds that determined by the Board of
          yang sama yang jangka waktunya ataupun nilainya                     Commissioners, which is less than Rp100 billion and
          melebihi dari yang ditetapkan oleh Dewan Komisaris,                 a term of less than 5 (five) years;
          yaitu sebesar lebih kecil dari Rp100 miliar dan jangka
          waktu kurang dari 5 (lima) tahun;
     c.   Menetapkan dan mengubah logo Perseroan;                          c. Establishing and changing the Company’s logo;
     d.   Menetapkan struktur organisasi 1 tingkat di bawah                d. Establishing an organizational structure one level
          Direksi;                                                            below the Board of Directors;
     e.   Melakukan penyertaan modal dengan nilai tertentu                 e. Making capital investments of a certain value
          yang ditetapkan Dewan Komisaris pada Perusahaan                     determined by the Board of Commissioners in other
          lain, Anak Perusahaan, dan Perusahaan Patungan                      Companies, Subsidiaries, and Joint Ventures that
          yang tidak dalam rangka penyelamatan piutang                        are not for debt recovery, with due regard to capital
          dengan memperhatikan ketentuan di bidang pasar                      market regulations, with a value of <Rp75 billion;
          modal dengan nilai <Rp75 miliar;
     f.   Mendirikan Anak Perusahaan dan/atau Perusahaan                   f.   Establishing Subsidiaries and/or Joint Ventures
          Patungan dengan nilai tertentu yang ditetapkan                        with a certain value determined by the Board of
          Dewan Komisaris pada perusahaan lain, anak                            Commissioners in other companies, subsidiaries,
          perusahaan, dan perusahaan patungan dengan                            and joint ventures with due regard to capital market
          memperhatikan ketentuan di bidang pasar modal,                        regulations, with a value of <Rp75 billion;
          dengan nilai <Rp75 miliar;
     g.   Mengusulkan wakil Perseroan untuk menjadi calon                  g. Proposing representatives of the Company to
          anggota Direksi dan Dewan Komisaris pada Anak                       become candidates for the Board of Directors and
          Perusahaan yang memberikan kontribusi signifikan                    Board of Commissioners of Subsidiaries that make
          kepada Perseroan dan/atau bernilai strategis yang                   a significant contribution to the Company and/or
          ditetapkan oleh Dewan Komisaris;                                    are of strategic value as determined by the Board of
                                                                              Commissioners;
     h. Melepaskan penyertaan modal dengan nilai tertentu                  h. Releasing capital participation with a certain
        yang ditetapkan Dewan Komisaris, Anak Perusahaan,                     value determined by the Board of Commissioners,
        dan Perusahaan Patungan dengan memperhatikan                          Subsidiaries, and Joint Ventures, with due regard to
        ketentuan di bidang pasar modal kurang dari Rp75                      capital market regulations of less than Rp75 billion;
        miliar;
     i. Melakukan          penggabungan,           peleburan,              i. Carrying out mergers, consolidations, acquisitions,
        pengambilalihan, pemisahan, dan pembubaran Anak                       separations, and dissolutions of Subsidiaries and
        Perusahaan dan Perusahaan Patungan dengan nilai                       Joint Ventures with a certain value determined by
        tertentu yang ditetapkan Dewan Komisaris dengan                       the Board of Commissioners, with due regard to
        memperhatikan ketentuan di bidang pasar modal                         capital market regulations, with a value of <Rp75
        dengan nilai <Rp75 miliar;                                            billion;
     j. Mengikat Perusahaan sebagai penjamin (borg atau                    j. Binding the Company as a guarantor (borg or avalist)
        avalist) dengan nilai tertentu yang ditetapkan Dewan                  with a certain value determined by the Board of
        Komisaris dengan memperhatikan ketentuan di                           Commissioners, with due regard to capital market
        bidang pasar modal dengan nilai <Rp300 miliar;                        regulations, with a value of <Rp300 billion;
     k. Menerima pinjaman jangka menengah/panjang dan                      k. Receiving medium/long-term loans and providing
        memberikan pinjaman jangka menengah/panjang                           medium/long-term loans with a certain value
        dengan nilai tertentu yang ditetapkan Dewan                           determined by the Board of Commissioners, with
        Komisaris dengan memperhatikan ketentuan di                           due regard to capital market regulations, with a
        bidang pasar modal dengan nilai <Rp1 triliun;                         value of <Rp1 trillion;
     l. Memberikan pinjaman jangka pendek/menengah/                        l. Granting short-term/medium-term/long-term loans
        panjang yang tidak bersifat operasional, kecuali                      that are not operational in nature, except for loans
        pinjaman kepada Anak Perusahaan cukup dilaporkan                      to Subsidiaries, which only need to be reported to
        kepada Dewan Komisaris dengan nilai <Rp300 miliar;                    the Board of Commissioners with a value of <Rp300
                                                                              billion;
     m. Menghapuskan terhadap piutang macet dan                            m. Writing off bad debts and obsolete inventories in
        persediaan barang mati dalam nilai yang melebihi                      excess of the limit set by the Board of Commissioners,
        batas yang ditetapkan oleh Dewan Komisaris dengan                     with a value of <Rp100 billion;
        nilai <Rp100 miliar;



PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                             565
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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




   n. Melakukan tindakan-tindakan yang termasuk dalam                  n. Taking actions that are included in material
       transaksi material sebagaimana ditetapkan oleh                     transactions as stipulated by the Regulations in the
       Peraturan Perundangan di bidang pasar modal                        capital market with a certain value determined by the
       dengan nilai tertentu yang ditetapkan Dewan                        Board of Commissioners, except for actions that are
       Komisaris, kecuali tindakan tersebut termasuk dalam                included in material transactions that are exempted
       transaksi material yang dikecualikan oleh Peraturan                by the applicable Regulations in the capital market;
       Perundangan yang berlaku di bidang pasar modal;                    and
       dan
   o. Tindakan-tindakan yang belum ditetapkan dalam                    o. Actions that have not been stipulated in the RKAP.
       RKAP.
4. Direksi wajib meminta persetujuan RUPS untuk:                    4. The Board of Directors is required to seek the approval
   a. Mengalihkan kekayaan Perseroan; atau                             of the GMS for:
   b. Menjadikan jaminan utang kekayaan Perseroan, yang                a. Transferring the Company’s assets; or
       merupakan lebih dari 50% (lima puluh persen) jumlah             b. Using the Company’s assets as collateral for debt,
       kekayaan bersih Perseroan dalam 1 (satu) transaksi                  which constitutes more than 50% (fifty percent)
       atau lebih, baik yang berkaitan satu sama lain                      of the Company’s net assets in 1 (one) or more
       maupun tidak, kecuali sebagai pelaksana kegiatan                    transactions, whether related to each other or not,
       usaha Perseroan.                                                    except as part of the Company’s business activities.
5. Perbuatan-perbuatan di bawah ini hanya dapat                     5. The following actions may only be taken by the Board
   dilakukan oleh Direksi setelah mendapatkan tanggapan                of Directors after obtaining a written response from the
   tertulis dari Dewan Komisaris dan mendapat persetujuan              Board of Commissioners and obtaining approval from
   dari RUPS untuk:                                                    the GMS for:
   a. Melakukan tindakan-tindakan yang termasuk dalam                  a. Performing actions that are included in material
       transaksi material sebagaimana ditetapkan oleh                      transactions as stipulated by the Regulations in the
       Peraturan Perundangan di bidang pasar modal                         capital market with a value of more than 50% of the
       dengan nilai di atas 50% (lima puluh persen) dari                   Company’s equity, except if the Action is included
       ekuitas Perseroan, kecuali Tindakan tersebut                        in material transactions that are exempted by the
       termasuk dalam transaksi material yang dikecualikan                 applicable Regulations in the capital market;
       oleh Peraturan Perundangan yang berlaku di bidang
       pasar modal;
   b. Melakukan transaksi yang mengandung benturan                     b. Conducting transactions that contain conflicts of
       kepentingan     sebagaimana      ditentukan   dalam                interest as determined in the applicable laws and
       Peraturan Perundangan yang berlaku di pasar                        regulations in the capital market; and
       modal; dan
   c. Melakukan transaksi lain guna memenuhi Peraturan                 c. Conducting other transactions to comply with the
       Perundangan yang berlaku di pasar modal.                            applicable laws and regulations in the capital market.
6. Perbuatan hukum untuk mengalihkan, melepaskan                    6. Legal actions to transfer, release rights or make debt
   hak atau menjadikan jaminan hutang lebih dari 50%                   collateral of more than 50% of the Company’s net assets,
   jumlah kekayaan bersih Perseroan baik dalam satu                    whether in a single transaction or several independent
   transaksi atau beberapa transaksi yang berdiri sendiri              or related transactions, must obtain the approval of the
   ataupun yang berkaitan satu sama lain harus mendapat                GMS attended or represented by Shareholders who own
   persetujuan RUPS yang dihadiri atau diwakili para                   at least ¾ of the total number of shares issued by the
   Pemegang Saham yang memiliki sekurang-kurangnya ¾                   Company with valid voting rights and approved by more
   bagian dari jumlah seluruh saham yang telah dikeluarkan             than ¾ of the total number of votes validly cast at the
   Perseroan dengan hak suara yang sah dan disetujui oleh              GMS.
   lebih dari ¾ dari jumlah seluruh suara yang dikeluarkan
   secara sah dalam RUPS.


Pembagian Tugas Antar Direksi                                       Division of Duties among the Board of
                                                                    Directors
Setiap anggota Direksi, memiliki tugas dan wewenang                 Each member of the Board of Directors has their own
masing-masing sesuai dengan jabatannya, sebagaimana                 duties and authorities in accordance with their positions,
telah dilakukan pembagian tugas berdasarkan Keputusan               as stipulated in the division of duties based on Board of
Direksi No. 201/KPTS/2025 tanggal 31 Desember 2025                  Directors Decree No. 201/KPTS/2025 dated December 31,
tentang Pembagian Tugas dan Wewenang Direksi PT Jasa                2025, on the Division of Duties and Authorities of the Board
Marga (Persero) Tbk, pembagian lingkup tugas Direksi                of Directors of PT Jasa Marga (Persero) Tbk. The division
Perseroan diuraikan sebagai berikut:                                of duties of the Company’s Board of Directors is outlined as
                                                                    follows:




566                                                                     Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 567
06                                07                                     08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




Tabel Pembagian Tugas Antar Direksi
Table of Division of Duties among the Board of Directors


     Nama           Jabatan                                                        Bidang Tugas
     Name           Position                                                       Scope of Work
 Rivan          Direktur Utama     1. Mengarahkan perumusan penetapan kebijakan Perusahaan berikut kewajiban lainnya sesuai dengan
 Achmad         President              kebijakan dalam pencapaian sasaran Perusahaan;
 Purwantoro*    Director           2. Mengarahkan penyusunan visi, misi, dan tata nilai Perusahaan;
 Subakti        Direktur Utama     3. Mengarahkan penyusunan RJPP, RKAP, Laporan Manajemen Perusahaan, Laporan Tahunan Perusahaan
 Syukur**       President              dan Laporan Keuangan Konsolidasian;
                Director           4. Mengarahkan penyusunan rencana dan anggaran serta penyampaian laporan pertanggungjawaban dan
                                       perhitungan hasil usaha Perusahaan menurut cara dan waktu yang telah ditetapkan oleh Rapat Umum
                                       Pemegang Saham (RUPS);
                                   5. Mengarahkan pengusahaan jalan tol serta pengembangan bisnis usaha jalan tol dan usaha pendukung
                                       jalan tol;
                                   6. Mengarahkan penyelenggaraan aktivitas Perusahaan sesuai dengan peraturan perundangan dan
                                       Peraturan Perusahaan yang berlaku;
                                   7. Mengarahkan pelaksanaan kegiatan audit internal dan audit eksternal serta audit khusus Perusahaan;
                                   8. Mengoordinasikan pelaksanaan kebijakan Direksi yang dilakukan oleh para Direktur serta mengendalikan
                                       tugas pengawasan intern dan para Pimpinan Unit Kerja;
                                   9. Mengarahkan pengelolaan manajemen risiko korporat dalam memenuhi prinsip tata kelola perusahaan
                                       yang baik;
                                   10. Melalui Corporate Secretary & Chief Administration Officer, mengarahkan penyusunan rencana dan
                                       kebijakan yang bersifat strategis di tingkat Perusahaan, meliputi pengelolaan hubungan dengan
                                       stakeholder, administrasi eksekutif, komunikasi internal dan eksternal Perusahaan, corporate branding,
                                       serta tanggung jawab sosial dan lingkungan;
                                   11. Melalui Corporate Secretary & Chief Administration Officer, mengarahkan pengelolaan pelayanan dan
                                       penyelesaian permasalahan di bidang hukum agar dapat berjalan sesuai dengan ketentuan perundang-
                                       undangan;
                                   12. Melalui Corporate Secretary & Chief Administration Officer, mengarahkan pengendalian hukum dan
                                       kepatuhan Anak Perusahaan agar sesuai dengan ketentuan serta mekanisme yang berlaku dalam pola
                                       hubungan Induk dan Anak Perusahaan;
                                   13. Melalui Corporate Secretary & Chief Administration Officer, mengarahkan perumusan kebijakan, tata
                                       kelola, ketentuan, perencanaan dan pelaksanaan atas proses pengadaan barang/jasa dan manajemen
                                       aset di lingkungan Jasa Marga Group;
                                   14. Memimpin dan mengarahkan pengembangan dan implementasi budaya Perusahaan;
                                   15. Memimpin dan memastikan pelaksanaan transformasi Perusahaan; dan
                                   16. Mengoordinasikan tugas-tugas lain atas nama Direksi.
                                   1. Directing the formulation of Company policies and other obligations in accordance with policies for
                                       achieving Company objectives;
                                   2. Directing the formulation of the Company's vision, mission, and values;
                                   3. Directing the preparation of the RJPP, RKAP, Company Management Report, Company Annual Report,
                                       and Consolidated Financial Statements;
                                   4. Directing the preparation of plans and budgets as well as the submission of accountability reports and
                                       calculation of the Company's business results in accordance with the methods and timing determined by
                                       the General Meeting of Shareholders (GMS);
                                   5. Directing the operation of toll roads as well as the development of the toll road business and toll road
                                       support businesses;
                                   6. Directing the implementation of Company activities in accordance with applicable laws and regulations
                                       and Company Regulations;
                                   7. Directing the implementation of internal and external audits, as well as special audits of the Company;
                                   8. Coordinating the implementation of Board of Directors' policies carried out by the Directors and controlling
                                       internal supervision tasks and Work Unit Leaders;
                                   9. Directing corporate risk management in accordance with good corporate governance principles;
                                   10. Through the Corporate Secretary & Chief Administration Officer, directing the formulation of strategic
                                       plans and policies at the Company level, including stakeholder relations, executive administration, internal
                                       and external corporate communications, corporate branding, and social and environmental responsibility;
                                   11. Through the Corporate Secretary & Chief Administration Officer, directing the management of services
                                       and resolution of legal issues to ensure they are in accordance with the provisions of the law;
                                   12. Through the Corporate Secretary & Chief Administration Officer, directing the legal control and compliance
                                       of Subsidiaries to ensure they are in accordance with the provisions and mechanisms applicable in the
                                       relationship between the Parent Company and Subsidiaries;
                                   13. Through the Corporate Secretary & Chief Administration Officer, directing the formulation of policies,
                                       governance, provisions, planning, and implementation of the procurement of goods/services and asset
                                       management within the Jasa Marga Group;
                                   14. Leading and directing the development and implementation of the Company's culture;
                                   15. Leading and ensuring the implementation of the Company's transformation; and
                                   16. Coordinating other tasks on behalf of the Board of Directors.




PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                                           567
Page 568
01                                02                        03                      04                                        05
Ikhtisar Kinerja Utama            Laporan Manajemen         Profil Perusahaan        Analisa dan Pembahasan Manajemen          Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report         Company Profile          Management Discussion and Analysis        Business Support Functions




Tabel Pembagian Tugas Antar Direksi
Table of Division of Duties among the Board of Directors


     Nama              Jabatan                                                       Bidang Tugas
     Name              Position                                                      Scope of Work
 Pramitha          Direktur          1. Mengarahkan pengendalian teknis untuk seluruh fungsi keuangan, yang dilaksanakan oleh Unit Kerja
 Wulanjani         Keuangan dan          yang membidangi fungsi penyusunan rencana strategis Perusahaan dan Unit Kerja yang mengelola
                   Manajemen             pelaporan keuangan;
                   Risiko            2. Memimpin dan memastikan penyusunan dan reviu Rencana Jangka Panjang Perusahaan (RJPP)
                   Director
                                         serta penyusunan Rencana Kerja dan Anggaran Perusahaan (RKAP) sesuai dengan rencana strategis
                   of Finance
                                         Perusahaan;
                   and Risk
                   Management        3. Memimpin pemantauan dan evaluasi pelaksanaan program kerja Perusahaan dan Anak Perusahaan agar
                                         terintegrasi dan selaras dengan rencana strategis Perusahaan melalui Kontrak Manajemen, Laporan
                                         Manajemen Korporat dan Rapat Kinerja Korporat;
                                     4. Memimpin dan memastikan kegiatan penyusunan dan pengendalian portofolio investasi keuangan
                                         Perusahaan;
                                     5. Memimpin kebijakan dan strategi pengelolaan keuangan serta pendanaan Perusahaan dan optimalisasi
                                         aset, investasi, kredit serta terkait pasar modal dan perbankan untuk mendukung pertumbuhan dan
                                         perkembangan Perusahaan;
                                     6. Memimpin dan mengendalikan kegiatan Rapat Umum Pemegang Saham (RUPS), penyampaian pesan-
                                         pesan investasi dan kinerja Perusahaan secara konsisten kepada investor (pemegang saham publik
                                         Perusahaan), potensial investor, analis, regulator pasar modal dan para pelaku pasar modal atas nama
                                         Perusahaan;
                                     7. Memimpin kebijakan dan strategi yang berkaitan dengan kewajiban perpajakan untuk memastikan
                                         efisiensi dan efektivitas pemenuhan kewajiban perpajakan sesuai peraturan dan perundang-undangan
                                         yang berlaku;
                                     8. Memimpin kegiatan pengelolaan keuangan Perusahaan serta penyusunan Laporan Keuangan
                                         Konsolidasian Perusahaan terlaksana sesuai dengan standar akuntansi yang berlaku;
                                     9. Mengelola manajemen mutu, kesehatan, keselamatan, dan lingkungan (MK3L) guna meningkatkan
                                         produktivitas Perusahaan;
                                     10. Memimpin dan memastikan kegiatan pengelolaan manajemen risiko terkait bidang keuangan dan
                                         pendanaan Perusahaan;
                                     11. Menetapkan kebijakan strategis bidang manajemen risiko dan memimpin pengendalian risiko Perusahaan;
                                     12. Memimpin dan memastikan implementasi kegiatan Sistem Pengendalian Internal atas Pelaporan
                                         Keuangan (Internal Control over Financial Reporting/ICOFR) di lingkungan Perusahaan dan konsolidasi;
                                     13. Memimpin dan mengarahkan koordinasi strategis bidang manajemen risiko kepada stakeholder terkait;
                                     14. Memberikan arahan strategis terhadap pengelolaan keuangan Anak Perusahaan agar sesuai dengan
                                         ketentuan dan mekanisme yang berlaku dalam pola hubungan Induk dan Anak Perusahaan; dan
                                     15. Memastikan pengendalian pengelolaan Dana Pensiun Perusahaan berjalan dengan baik.
                                     1. Directing technical control for all financial functions, carried out by the Work Unit in charge of the
                                         Company's strategic planning and the Work Unit that manages financial reporting;
                                     2. Leading and ensuring the preparation and review of the Company's Long-Term Plan (RJPP) and the
                                         preparation of the Company's Work Plan and Budget (RKAP) in accordance with the Company's strategic
                                         plan;
                                     3. Leading the monitoring and evaluation of the implementation of the Company's and Subsidiaries'
                                         work programs to ensure they are integrated and aligned with the Company's strategic plan through
                                         Management Contracts, Corporate Management Reports, and Corporate Performance Meetings;
                                     4. Leading and ensuring the preparation and control of the Company's financial investment portfolio;
                                     5. Leading the Company's financial management and funding policies and strategies as well as the
                                         optimization of assets, investments, credit, and related capital markets and banking to support the
                                         Company's growth and development;
                                     6. Leading and controlling the activities of the General Meeting of Shareholders (GMS), consistently
                                         delivering messages regarding the Company's investments and performance to investors (public
                                         shareholders of the Company), potential investors, analysts, capital market regulators, and capital market
                                         players on behalf of the Company;
                                     7. Leading policies and strategies related to tax obligations to ensure the efficiency and effectiveness of
                                         fulfilling tax obligations in accordance with applicable laws and regulations;
                                     8. Leading the Company's financial management activities and the preparation of the Company's
                                         Consolidated Financial Statements in accordance with applicable accounting standards;
                                     9. Managing quality, health, safety, and environment (MK3L) to improve the Company's productivity;
                                     10. Leading and ensuring risk management activities related to the Company's finance and funding;
                                     11. Establishing strategic policies in the field of risk management and leading the Company's risk control;
                                     12. Leading and ensuring the implementation of the Internal Control over Financial Reporting (ICOFR) system
                                         within the Company and its consolidation;
                                     13. Leading and directing strategic coordination in the field of risk management to relevant stakeholders;
                                     14. Providing strategic direction for the financial management of Subsidiaries in accordance with the applicable
                                         provisions and mechanisms in the relationship between the Parent Company and its Subsidiaries; and
                                     15. Ensuring the proper control of the Company's Pension Fund management.




568                                                                                Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
Page 569
06                                07                                    08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




Tabel Pembagian Tugas Antar Direksi
Table of Division of Duties among the Board of Directors


     Nama           Jabatan                                                       Bidang Tugas
     Name           Position                                                      Scope of Work
 Reza           Direktur Bisnis    1. Memimpin dan memastikan pengendalian kinerja bisnis untuk seluruh ruas jalan tol yang dikelola oleh
 Febriano       Director of           AP Subholding serta BUJT Subholding, Regional termasuk APJT Operasi-Konstruksi, APJT Operasi, dan
                Business              APJT Operasi-Persiapan di bidang bisnis konsesi jalan tol untuk ruas jalan tol yang sudah beroperasi
                                      (brownfield);
                                   2. Memimpin dan memastikan pengendalian kinerja Regional dalam peningkatan peluang bisnis untuk
                                      memaksimalkan pendapatan Perusahaan melalui aksi korporasi yang selaras dengan strategi
                                      Perusahaan;
                                   3. Memimpin dan memastikan pembinaan korporasi serta pengawasan aksi korporasi meliputi investasi
                                      dan divestasi pada AP Subholding, APJT Operasi-Konstruksi, APJT Operasi dan APJT Operasi-Persiapan
                                      di bidang bisnis konsesi jalan tol untuk ruas jalan tol yang sudah beroperasi (brownfield);
                                   4. Memimpin dan mengendalikan arah strategi portofolio investasi bisnis konsesi ruas jalan tol yang
                                      sudah beroperasi (brownfield), termasuk arah akuisisi, peningkatan kepemilikan, restrukturisasi yang
                                      berkaitan dengan strategi, portofolio, dan model bisnis, dan/atau divestasi aset investasi;
                                   5. Mengarahkan penyusunan kerangka pengambilan keputusan investasi (investment decision framework)
                                      termasuk parameter finansial, operasional, risiko dan strategis untuk investasi ruas jalan tol yang sudah
                                      beroperasi (brownfield);
                                   6. Memimpin dan memastikan pengendalian pelaksanaan kontrak manajemen dengan Service Provider di
                                      bidang transaksi, lalu lintas, preservasi dan usaha lain untuk menjamin pemenuhan SPM dan efisiensi
                                      operasional pada ruas tol yang sudah beroperasi (brownfield);
                                   7. Memimpin dan memastikan kegiatan pengelolaan manajemen risiko terkait kegiatan aksi korporasi dan
                                      bisnis jalan tol yang sudah beroperasi (brownfield); dan
                                   8. Memastikan dan mengendalikan pencapaian pendapatan tol di masing-masing Regional, dan APJT
                                      Operasi-Konstruksi, APJT Operasi, dan APJT Operasi-Persiapan agar sesuai dengan realisasi volume
                                      lalu lintas.
                                   1. Leading and ensuring business performance control for all toll roads managed by Subholding Subsidiaries
                                      and BUJT Subholding, Regional, including APJT Operations-Construction, APJT Operations, and APJT
                                      Operations-Preparation in the toll road concession business for toll roads that are already in operation
                                      (brownfield);
                                   2. Leading and ensuring Regional performance control in increasing business opportunities to maximize
                                      the Company's revenue through corporate actions that are in line with the Company's strategy;
                                   3. Leading and ensuring corporate development and supervision of corporate actions, including investment
                                      and divestment in Subholding Subsidiaries, APJT Operations-Construction, APJT Operations, and APJT
                                      Operations-Preparation in the toll road concession business for toll road sections that are already in
                                      operation (brownfield);
                                   4. Leading and controlling the strategic direction of the investment portfolio for toll road concession
                                      businesses that are already operating (brownfield), including the direction of acquisitions, increases
                                      in ownership, restructuring related to strategy, portfolio, and business models, and/or divestment of
                                      investment assets;
                                   5. Directing the preparation of an investment decision framework, including financial, operational, risk,
                                      and strategic parameters for investments in existing toll road sections (brownfield);
                                   6. Leading and ensuring the control of management contracts with service providers in the areas of
                                      transactions, traffic, preservation, and other businesses to ensure the fulfillment of SPM and operational
                                      efficiency on toll road sections that are already in operation (brownfield);
                                   7. Leading and ensuring risk management activities related to corporate actions and toll road business
                                      activities that are already operational (brownfield); and
                                   8. Ensuring and controlling toll revenue achievement in each Region, and APJT Operations-Construction,
                                      APJT Operations, and APJT Operations-Preparation to match traffic volume realization.




PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                                       569
Page 570
01                                02                       03                      04                                       05
Ikhtisar Kinerja Utama            Laporan Manajemen        Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report        Company Profile          Management Discussion and Analysis       Business Support Functions




Tabel Pembagian Tugas Antar Direksi
Table of Division of Duties among the Board of Directors


     Nama              Jabatan                                                     Bidang Tugas
     Name              Position                                                    Scope of Work
 Ari               Direktur          1. Memimpin, mengarahkan, dan memastikan kegiatan pengembangan bisnis jalan tol terkait rencana
 Respati***        Pengembangan         bisnis, kelayakan awal dan studi kelayakan (finansial, teknik, dan lingkungan) dalam investasi ruas-ruas
                   Usaha                baru jalan tol baik prakarsa (unsolicited) maupun penugasan Pemerintah (solicited) dan persiapan akuisisi
                   Director of          ruas jalan tol dalam tahap konstruksi;
                   Business
                                     2. Memimpin dan memastikan kegiatan penyusunan desain, arsitektur, dan kajian teknik jalan tol, serta kajian
                   Development
                                        mengenai dampak lingkungan, dan Keselamatan Konstruksi guna mendukung ketersediaan rekomendasi
 Mohamad           Direktur             strategis Perusahaan;
 Agus              Pengembangan      3. Memimpin dan memastikan terlaksananya kegiatan pengendalian eksekusi investasi jalan tol melalui
 Setiawan          Usaha                pembentukan konsorsium perolehan Perjanjian Pengusahaan Jalan Tol (PPJT) dan pembentukan APJT,
                   Director of
                                        serta pengendalian pembangunan jalan tol pada APJT Persiapan, APJT Konstruksi, APJT Operasi-
                   Business
                                        Persiapan, dan APJT Operasi-Konstruksi (terkait bidang persiapan dan/atau konstruksi termasuk
                   Development
                                        pengadaan tanah dan konstruksi);
                                     4. Memimpin dan memastikan kegiatan pengelolaan aksi korporasi, investasi, dan divestasi pada APJT
                                        Persiapan, APJT Konstruksi, AP2JT Bidang Operasi, AP2JT Bidang Preservasi, dan AP Bidang Related
                                        Business, dan APJT Operasi-Persiapan dan APJT Operasi-Konstruksi terkait bidang persiapan dan/atau
                                        konstruksi;
                                     5. Memimpin dan memastikan kegiatan penyusunan kebijakan, standar dan strategi serta pengelolaan
                                        pengembangan usaha Perusahaan di bidang tempat istirahat dan pelayanan (rest area), usaha lainnya
                                        (related business) termasuk pengembangan kawasan/toll corridor development untuk memastikan
                                        pemenuhan SPM layanan rest area serta optimalisasi aset jalan tol dan sekitar jalan tol;
                                     6. Memimpin, memastikan, dan mengendalikan kinerja AP2JT Bidang Operasi, AP2JT Bidang Preservasi,
                                        dan AP Bidang Related Business dalam peningkatan peluang bisnis bidang pengoperasian dan preservasi
                                        jalan tol serta bisnis Related untuk memaksimalkan pendapatan Perusahaan sesuai tata kelola dan
                                        strategi Perusahaan;
                                     7. Memberikan pembinaan korporasi serta arahan atas isu-isu strategis kepada AP2JT Bidang Operasi,
                                        AP2JT Bidang Preservasi, dan AP Bidang Related Business dalam rangka memastikan keselarasan
                                        strategi, tata kelola dan kebijakan Perusahaan; dan
                                     8. Memastikan terlaksananya kegiatan pengelolaan manajemen risiko terkait dengan kebijakan di bidang
                                        pembangunan jalan tol, pengembangan usaha jalan tol, pengembangan usaha bidang related business
                                        (termasuk pengembangan kawasan/toll corridor development).
                                     1. Leading, directing, and ensuring toll road business development activities related to business plans,
                                        preliminary feasibility and feasibility studies (financial, technical, and environmental) in new toll road
                                        section investments, both unsolicited and government-assigned (solicited), and prepare for the
                                        acquisition of toll road sections under construction;
                                     2. Leading and ensuring the preparation of designs, architecture, and technical studies for toll roads,
                                        as well as studies on environmental impact and construction safety to support the availability of the
                                        Company's strategic recommendations;
                                     3. Leading and ensuring the implementation of toll road investment control activities through the
                                        formation of a consortium to obtain a Toll Road Concession Agreement (PPJT) and the formation of an
                                        APJT, as well as controlling toll road construction in the APJT Preparation, APJT Construction, and APJT
                                        Operation -Preparation, and APJT Operation-Construction (related to the fields of preparation and/or
                                        construction, including land acquisition and construction);
                                     4. Leading and ensuring corporate action, investment, and divestment management activities in the
                                        Preparation APJT, Construction APJT, Operations AP2JT, Preservation AP2JT, and Related Business
                                        Subsidiaries, as well as the Operations-Preparation APJT and Operations-Construction APJT related to
                                        preparation and/or construction;
                                     5. Leading and ensuring the preparation of policies, standards, and strategies as well as the management
                                        of the Company's business development in the areas of rest areas and services (rest area), other
                                        businesses (related business), including area development/toll corridor development to ensure the
                                        fulfillment of SPM rest area services and the optimization of toll road assets and surrounding toll roads;
                                     6. Leading, ensuring, and controlling the performance of AP2JT Operations, AP2JT Preservation,
                                        and AP Related Business in increasing business opportunities in the field of toll road operation and
                                        preservation, as well as Related Business to maximize the Company's revenue in accordance with the
                                        Company's governance and strategy;
                                     7. Providing corporate guidance and direction on strategic issues to AP2JT Operations, AP2JT
                                        Preservation, and AP Related Business to ensure alignment with the Company's strategy, governance,
                                        and policies; and
                                     8. Ensuring the implementation of risk management activities related to policies in the field of toll road
                                        construction, toll road business development, and related business development (including area
                                        development/toll corridor development).




570                                                                               Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 571
06                                07                                    08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




Tabel Pembagian Tugas Antar Direksi
Table of Division of Duties among the Board of Directors


     Nama           Jabatan                                                       Bidang Tugas
     Name           Position                                                      Scope of Work
 Yoga Tri        Direktur Human    1. Memimpin dan mengarahkan penyusunan dan pengembangan kebijakan pengelolaan human capital
 Anggoro*        Capital dan          Perusahaan;
                 Transformasi      2. Memimpin dan memastikan implementasi sistem dan prosedur pengelolaan human capital Perusahaan
                 Director             berjalan dengan baik;
                 of Human
                                   3. Memimpin dan memastikan kegiatan pengelolaan manajemen risiko terkait kebijakan di bidang
                 Capital and
                                      pengelolaan human capital;
                 Transformation
                                   4. Memimpin dan mengarahkan pengembangan sistem human capital di Anak Perusahaan sesuai dengan
 Bagus           Direktur Human       ketentuan dan mekanisme yang berlaku dalam pola hubungan Induk dan Anak Perusahaan;
 Cahya Arinta    Capital dan       5. Memastikan pengelolaan hubungan industrial yang harmonis antara Perusahaan dan Karyawan dengan
 B.**            Transformasi
                                      memperhatikan peraturan dan perundang-undangan yang berlaku;
                 Director
                                   6. Mengarahkan pengelolaan kerumahtanggaan, sarana kerja dan fasilitas kantor, transportasi kendaraan
                 of Human
                 Capital and          dinas dan kendaraan pool, serta penyediaan fasilitas rapat dinas, untuk memberikan dukungan terhadap
                 Transformation       aktivitas Perusahaan; dan
                                   7. Memastikan pengelolaan human capital untuk meningkatkan kapabilitas Perusahaan melalui
                                      pembelajaran berbasis teknologi informasi.
                                   1. Leading and directing the formulation and development of the Company's human capital management
                                      policies;
                                   2. Leading and ensuring the proper implementation of the Company's human capital management systems
                                      and procedures;
                                   3. Leading and ensuring risk management activities related to policies in the field of human capital
                                      management;
                                   4. Leading and directing the development of the human capital system in Subsidiaries in accordance
                                      with the provisions and mechanisms applicable in the relationship between the Parent Company and
                                      Subsidiaries;
                                   5. Ensuring harmonious industrial relations between the Company and Employees by complying with
                                      applicable laws and regulations;
                                   6. Directing the management of housekeeping, work facilities and office facilities, official vehicle
                                      transportation and pool vehicles, as well as the provision of official meeting facilities, to support the
                                      Company's activities; and
                                   7. Ensuring the management of human capital to improve the Company's capabilities through information
                                      technology-based learning.
 Fitri Wiyanti   Direktur          1. Memimpin dan mengarahkan pengembangan kebijakan strategis di bidang operasional dan preservasi
                 Operasi *****         jalan tol di seluruh lingkungan Perusahaan;
                 Director of       2. Memimpin dan mengarahkan kegiatan pengoperasian jalan tol meliputi manajemen layanan transaksi
                 Operations            tol dan manajemen lalu lintas agar dapat terlaksana sesuai dengan pencapaian SLA untuk memberikan
                                       pelayanan terhadap pengguna jalan tol sesuai dengan Standar Pelayanan Minimum (SPM), perundang-
                                       undangan, serta kebijakan dan pedoman operasional yang ditetapkan Perusahaan;
                                   3. Mengarahkan dan mengendalikan perumusan serta pemanfaatan kebijakan dan arahan strategis
                                       pemanfaatan data dan pemodelan lalu lintas sebagai acuan Perusahaan dalam pengambilan keputusan
                                       operasional, perencanaan layanan, dan pengembangan jalan tol;
                                   4. Mengarahkan dan mengendalikan integrasi analisis eksternal, termasuk perubahan kebijakan transportasi,
                                       Rencana Tata Ruang Wilayah (RTRW), kondisi sosial-ekonomi, serta interaksi dengan moda transportasi
                                       lain, ke dalam kerangka perencanaan dan proyeksi lalu lintas Perusahaan, serta memastikan penyediaan
                                       analisis ekonomi transportasi sebagai data dukung strategis bagi pengembangan bisnis jalan tol, kebijakan
                                       penyesuaian tarif dan pengembangan layanan jalan tol;
                                   5. Memimpin dan mengarahkan kegiatan pengamanan layanan transaksi tol;
                                   6. Memimpin dan memastikan kegiatan pengelolaan manajemen risiko terkait dengan pengoperasian dan
                                       preservasi jalan tol,manajemen lalu lintas jalan tol dan sistem teknologi informasi Perusahaan;
                                   7. Memimpin dan mengarahkan sistem pengamanan jalan tol yang dapat dilaksanakan sesuai dengan
                                       kebutuhan pengoperasian jalan tol;
                                   8. Mengarahkan dan mengendalikan perencanaan dan penyusunan perkiraan lalu lintas dalam rangka
                                       pencapaian rencana pendapatan perusahaan;
                                   9. Memimpin dan mengarahkan pengembangan teknologi informasi di bidang pengoperasian dan preservasi
                                       jalan tol (IT Operation) guna meningkatkan efisiensi beban operasi dan kapabilitas Perusahaan;
                                   10. Memimpin dan mengarahkan riset dan pengembangan pengetahuan baru berbasis teknologi informasi
                                       guna menciptakan teknologi, sistem maupun layanan baru untuk meningkatkan kapabilitas Perusahaan;
                                       dan
                                   11. Memimpin dan memastikan pengelolaan teknologi informasi Perusahaan sebagai tindak lanjut pelaksanaan
                                       rencana strategis dan masterplan teknologi informasi yang mencakup IT Enterprise dan IT Operation.




PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                                       571
Page 572
01                                 02                       03                      04                                       05
Ikhtisar Kinerja Utama             Laporan Manajemen        Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report        Company Profile          Management Discussion and Analysis       Business Support Functions




Tabel Pembagian Tugas Antar Direksi
Table of Division of Duties among the Board of Directors


     Nama              Jabatan                                                      Bidang Tugas
     Name              Position                                                     Scope of Work
 Fitri Wiyanti     Direktur           1. Leading and directing the development of strategic policies in the areas of toll road operations and
                   Operasi *****          maintenance throughout the Company;
                   Director of        2. Leading and directing toll road operations, including toll transaction service management and traffic
                   Operations             management, to ensure that they are carried out in accordance with SLAs to provide services to toll
                                          road users in accordance with Minimum Service Standards (SPM), laws and regulations, and operational
                                          policies and guidelines established by the Company;
                                      3. Directing and controlling the formulation and utilization of strategic policies and directives on data
                                          utilization and traffic modeling as a reference for the Company in operational decision-making, service
                                          planning, and toll road development;
                                      4. Directing and controlling the integration of external analysis, including changes in transportation policy,
                                          Regional Spatial Planning (RTRW), socio-economic conditions, and interactions with other modes
                                          of transportation, into the Company's traffic planning and projection framework, as well as ensuring
                                          the provision of transportation economic analysis as strategic supporting data for toll road business
                                          development, tariff adjustment policies, and toll road service development;
                                      5. Leading and directing toll transaction security activities;
                                      6. Leading and ensuring risk management activities related to toll road operation and preservation, toll
                                          road traffic management, and the Company's information technology systems;
                                      7. Leading and directing toll road security systems that can be implemented in accordance with toll road
                                          operational needs;
                                      8. Directing and controlling traffic estimation planning and preparation to achieve the Company's revenue
                                          plan;
                                      9. Leading and directing information technology development in the field of toll road operation and
                                          preservation (IT Operation) to improve the Company's operational efficiency and capabilities;
                                      10. Leading and directing research and development of new knowledge-based on information technology to
                                          create new technologies, systems, and services to enhance the Company's capabilities; and
                                      11. Leading and ensuring the management of the Company's information technology as a follow-up to the
                                          implementation of strategic plans and information technology master plans covering IT Enterprise and
                                          IT Operations.
 Yaya              Direktur           1. Memimpin dan mengarahkan pengembangan kebijakan strategis layanan pelanggan berbasis customer
 Ruhiya***         Layanan                experience management, termasuk penetapan SLA layanan pelanggan melampaui Standar Pelayanan
                   Director of            Minimum (SPM), pengelolaan kualitas layanan secara end-to-end, serta kebijakan yang mengatur
                   Services               tentang layanan call center Perusahaan sebagai kanal layanan pelanggan;
                                      2. Mengarahkan pengembangan dan pemanfaatan customer database sebagai dasar perumusan kebijakan
                                          layanan, inovasi, komersialisasi dan pengambilan keputusan berbasis data;
                                      3. Memimpin dan mengendalikan pengumpulan Voice of Customer (VoC), pelaksanaan temu pelanggan,
                                          survei kepuasan pelanggan, serta pengukuran Customer Experience sebagai dasar perbaikan
                                          berkelanjutan;
                                      4. Mengarahkan strategi pengembangan dan optimalisasi kanal layanan digital guna memperkuat
                                          aksesibilitas layanan serta memperkaya database pelanggan secara terintegrasi;
                                      5. Memimpin dan memastikan pengendalian standar dan kinerja layanan pelanggan berdasarkan SLA
                                          terkait Customer Experience, termasuk pengelolaan terkait penanganan keluhan pelanggan di seluruh
                                          Unit Kerja terkait;
                                      6. Memimpin dan mengarahkan pengelolaan Kontrak Manajemen dengan Service Provider pada bidang
                                          layanan call center baik secara langsung untuk lingkup Induk maupun pengawasan terhadap lingkup
                                          Anak Perusahaan;
                                      7. Mengarahkan dan mengendalikan pemberian arahan kebijakan, masukan dan rekomendasi kepada
                                          Direktorat terkait agar kebijakan, standar, dan roadmap layanan Perusahaan diterapkan secara konsisten;
                                      8. Memimpin dan mengarahkan manajemen inovasi Perusahaan secara end-to-end melalui meliputi
                                          perencanaan inovasi, pengembangan prototipe, kajian kelayakan, kolaborasi lintas direktorat, inkubasi
                                          inovasi baik organik maupun inorganik, implementasi serta pengukuran kinerja dan dampak inovasi,
                                          termasuk penyelenggaraan acara kompetisi inovasi Perusahaan;
                                      9. Mengarahkan dan mengendalikan pembinaan kepada Unit Kerja dan Anak Perusahaan terkait
                                          pengembangan inovasi agar selaras dengan strategi Customer Experience dan kebutuhan bisnis
                                          Perusahaan, dengan membedakan pendekatan inovasi organik dan inorganik sesuai ketentuan
                                          Perusahaan;
                                      10. Memimpin dan mengarahkan validasi strategis terhadap penyusunan serta implementasi strategi
                                          komersialisasi bisnis non tarif/non konsesi, termasuk kajian segmenting, targeting, dan positioning
                                          (STP), kerja sama, promosi, dan aktivasi komersialisasi;
                                      11. Mengarahkan dan mengendalikan penyusunan kajian, kebijakan, dan rekomendasi bidang komersialisasi
                                          kepada Direktorat terkait sebagai acuan dalam pencapaian target pendapatan dan kinerja komersialisasi
                                          yang terukur;
                                      12. Memimpin dan mengarahkan penyusunan kajian dan rekomendasi strategi branding Perusahaan
                                          berdasarkan evaluasi dari Voice of Customer (VoC) dan evaluasi layanan lainnya dari perspektif
                                          pelanggan (customer); dan
                                      13. Memimpin dan memastikan kegiatan pengelolaan manajemen risiko terkait kebijakan di bidang
                                          pengelolaan customer experience management, inovasi, dan komersialisasi.


572                                                                                Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 573
06                                  07                                         08
Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




Tabel Pembagian Tugas Antar Direksi
Table of Division of Duties among the Board of Directors


     Nama             Jabatan                                                            Bidang Tugas
     Name             Position                                                           Scope of Work
 Yaya            Direktur             1. Leading and directing the development of strategic customer service policies based on customer
 Ruhiya***       Layanan                  experience management, including establishing customer service SLAs that exceed Minimum Service
                 Director of              Standards (SPM), end-to-end service quality management, and policies governing the Company's call
                 Services                 center services as a customer service channel;
                                      2. Directing the development and utilization of the customer database as the basis for formulating service
                                          policies, innovation, commercialization, and data-driven decision making;
                                      3. Leading and controlling the collection of Voice of Customer (VoC), conducting customer meetings,
                                          customer satisfaction surveys, and measuring Customer Experience as the basis for continuous
                                          improvement;
                                      4. Directing the development and optimization strategy for digital service channels to strengthen service
                                          accessibility and enrich the customer database in an integrated manner;
                                      5. Leading and ensuring the control of customer service standards and performance based on SLAs
                                          related to Customer Experience, including management related to handling customer complaints across
                                          all relevant Work Units;
                                      6. Leading and directing the management of Management Contracts with Service Providers in the field
                                          of call center services, both directly for the Parent Company and through supervision of Subsidiaries;
                                      7. Directing and controlling the provision of policy guidance, input, and recommendations to relevant
                                          Directorates so that the Company's policies, standards, and service roadmaps are implemented
                                          consistently;
                                      8. Leading and directing the Company's end-to-end innovation management through innovation planning,
                                          prototype development, feasibility studies, cross-directorate collaboration, organic and inorganic
                                          innovation incubation, implementation, and measurement of innovation performance and impact,
                                          including organizing Company innovation competitions;
                                      9. Directing and controlling guidance to Work Units and Subsidiaries regarding innovation development to
                                          ensure alignment with the Company's Customer Experience strategy and business needs, differentiating
                                          between organic and inorganic innovation approaches in accordance with Company regulations;
                                      10. Leading and directing strategic validation of the preparation and implementation of non-tariff/non-
                                          concession business commercialization strategies, including segmenting, targeting, and positioning
                                          (STP) studies, cooperation, promotion, and commercialization activation;
                                      11. Directing and controlling the preparation of studies, policies, and recommendations in the field of
                                          commercialization to the relevant Directorates as a reference in achieving measurable commercialization
                                          revenue and performance targets;
                                      12. Leading and directing the preparation of studies and recommendations for the Company's branding
                                          strategy based on evaluations from the Voice of Customer (VoC) and other service evaluations from the
                                          customer's perspective; and
                                      13. Leading and ensuring risk management activities related to policies in the areas of customer experience
                                          management, innovation, and commercialization.
 Keterangan/Notes:
 *      Menjabat sejak 7 Mei 2025/Appointed since May 7, 2025
 **     Menjabat sampai 7 Mei 2025/Serving until May 7, 2025
 ***    Menjabat sejak 17 Desember 2025/Appointed since December 17, 2025
 ****   Menjabat sampai 17 Desember 2025/Serving until December 17, 2025
 ***** Per 7 Mei 2025, nomenklatur berubah menjadi Direktur Operasi dan Layanan, kemudian ditetapkan kembali menjadi Direktur Operasi melalui RUPSLB 17
        Desember 2025/As of May 7, 2025, the nomenclature changed to Director of Operations and Services, then reverted to Director of Operations through the
        Extraordinary General Meeting of Shareholders on December 17, 2025




Rapat-Rapat yang Dihadiri oleh Direksi                                           Meetings Attended by the Board of
                                                                                 Directors
Uraian mengenai kebijakan dan pelaksanaan frekuensi                              A description of the policy and implementation of the frequency
rapat Direksi, rapat Dewan Komisaris bersama Direksi dan                         of Board of Directors meetings, joint Board of Commissioners
tingkat kehadiran anggota Direksi dalam rapat tersebut                           and Board of Directors meetings, and the attendance rate
termasuk kehadiran dalam RUPS, dapat dilihat pada Sub                            of Board of Directors members at these meetings, including
Bab mengenai Rapat Dewan Komisaris dan Direksi.                                  attendance at GMS, is available in the Board of Commissioners
                                                                                 and Board of Directors Meetings sub-chapter.


Program Pengenalan Perseroan bagi                                                Company Induction Program for New
Anggota Direksi Baru                                                             Board of Directors Members
Proses yang dilakukan setelah pengangkatan pengurus                              The process carried out after the appointment of new
baru melalui RUPS adalah diselenggarakannya Program                              management through the GMS is the implementation of
Pengenalan bagi Pengurus yang baru diangkat. Hal                                 an Induction Program for newly appointed management.
ini sebagaimana tercantum dalam Bab III. F. 1. Board                             As stated in Chapter III. F. 1. of the Board Manual, the
Manual, Perseroan wajib melaksanakan kegiatan program                            Company is required to carry out a Company induction
pengenalan Perseroan, setiap kali terjadi pengangkatan                           program whenever new members of the Board of Directors
anggota Direksi baru dalam waktu selambat-lambatnya                              are appointed, no later than 3 (three) months after their



PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                                  573
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01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




3 (tiga) bulan sejak pengangkatannya. Program Pengenalan            appointment. The Induction Program is carried out with
dilaksanakan dengan tujuan memperkenalkan Perseroan                 the aim of comprehensively introducing the Company to
secara komprehensif kepada anggota Direksi yang baru                newly appointed members of the Board of Directors, so that
diangkat, sehingga didapatkan pemahaman awal yang                   they gain a sufficient initial understanding of the Company.
cukup terkait Perseroan. Pengetahuan yang didapatkan oleh           The knowledge gained by new members of the Board of
anggota Direksi baru dalam program pengenalan berperan              Directors in the induction program plays an important role
penting demi kelancaran dan efektivitas pelaksanaan                 in the smooth and effective performance of their duties and
tugas dan kewajibannya. Materi Program Pengenalan bagi              obligations. The material for the Induction Program for new
Pengurus baru di antaranya mencakup profil Perseroan,               Management includes the Company’s profile, an introduction
pengenalan tentang proses bisnis Jasa Marga, pencapaian             to Jasa Marga’s business processes, the Company’s
Perseroan, penerapan sistem manajemen dan tata kelola               achievements, and the implementation of management and
perusahaan.                                                         corporate governance systems.

Sehubungan dengan perubahan susunan pengurus,                       In connection with changes in the management structure,
Perseroan telah melaksanakan program pengenalan bagi                the Company has conducted an orientation programme for
Direksi sebanyak 2 (dua) kali pada tahun 2025. Program              the Board of Directors twice in 2025. The programme was
tersebut dilaksanakan pada tanggal:                                 held on the following dates:
• 4 Juni 2025: Dihadiri oleh Bapak Rivan A. Purwantono,             • June 4, 2025: Attended by Mr Rivan A. Purwantono and
    dan Bapak Yoga Tri Anggoro selaku anggota Direksi                   Mr Yoga Tri Anggoro as newly appointed members of
    yang baru diangkat, serta Bapak Juri Ardiantoro, Bapak              the Board of Directors, as well as Mr Juri Ardiantoro,
    Syamsul Bachri Yusuf, dan Bapak Asrorun Ni’am Sholeh                Mr Syamsul Bachri Yusuf, and Mr Asrorun Ni'am
    selaku anggota Dewan Komisaris yang baru diangkat;                  Sholeh as newly appointed members of the Board of
    dan                                                                 Commissioners; and
• 24 Desember 2025: Dihadiri oleh Bapak Ari Respati dan             • December 24, 2025: Attended by Mr Ari Respati and Mr
    Bapak Yaya Ruhiya, selaku anggota Direksi yang baru                 Yaya Ruhiya, as newly appointed members of the Board
    diangkat.                                                           of Directors.


Pengembangan Kompetensi                                             Competency Development
Dalam rangka meningkatkan pengetahuan dan kompetensi                To enhance the knowledge and competence of the
para anggota Direksi, dan memastikan wawasan profesional,           members of the Board of Directors, and to ensure that their
kompetensi serta kemampuan kepemimpinan para anggota                professional insight, competence, and leadership skills
Direksi dapat berkembang selaras dengan perkembangan                develop in line with the latest industry developments, the
industri terkini, Perseroan memberikan pelatihan kepada             Company provides training to each member of the Board
setiap anggota Direksi. Program pelatihan/pendidikan yang           of Directors. The training/education programs attended by
diikuti oleh para Direksi sepanjang tahun 2025 dapat dilihat        the Board of Directors throughout 2025 are available in the
pada bagian Pengembangan Kompetensi Direksi di Bab                  Board of Directors Competency Development section of the
Profil Perusahaan di dalam buku Laporan Tahunan ini.                Company Profile chapter in this Annual Report.


Kebijakan Rangkap Jabatan                                           Policy on Concurrent Positions
Setiap anggota Direksi dilarang untuk merangkap jabatan,            Each member of the Board of Directors is prohibited from
hal ini sebagaimana diatur dalam Anggaran Dasar Perseroan           holding concurrent positions, as stipulated in Article
Pasal 11 ayat (28), yang mengatur sebagai berikut:                  11 paragraph (28) of the Articles of Association, which
                                                                    regulates as follows:
1.   Anggota Direksi pada Badan Usaha Milik Negara, Badan           1. Members of the Board of Directors of State-Owned
     Usaha Milik Daerah, Badan Usaha Milik Swasta;                      Enterprises, Regional-Owned Enterprises, and Private-
                                                                        Owned Enterprises;
2. Anggota Dewan Komisaris dan/atau Dewan Pengawas                  2. Members of the Board of Commissioners and/or
   pada Badan Usaha Milik Negara;                                       Supervisory Board of State-Owned Enterprises;
3. Jabatan struktural dan fungsional lainnya pada instansi/         3. Other structural and functional positions in Central and
   lembaga Pemerintah Pusat dan Daerah;                                 Regional Government agencies/institutions;
4. Pengurus partai politik, anggota Dewan Perwakilan                4. Political party officials, members of the House of
   Rakyat (DPR), Dewan Perwakilan Daerah (DPD), Dewan                   Representatives (DPR), Regional Representatives
   Perwakilan Rakyat Daerah (DPRD) Tingkat I, dan DPRD                  Council (DPD), Provincial Legislative Council (DPRD)
   Tingkat II dan/atau kepala daerah/wakil kepala daerah;               Level I, and DPRD Level II, and/or regional heads/deputy
                                                                        regional heads;
5. Menjadi calon/anggota DPR, DPD, DPRD Tingkat I, dan              5. Being a candidate/member of the DPR, DPD, DPRD Level
   DPRD Tingkat II atau calon kepada daerah/wakil kepala                I, and DPRD Level II, or a candidate for regional head/
   daerah;                                                              deputy regional head;
6. Jabatan lain yang dapat menimbulkan benturan                     6. Other positions that may cause a conflict of interest;
   kepentingan; dan/atau                                                and/or
7. Jabatan lainnya sesuai dengan ketentuan dalam                    7. Other positions in accordance with the provisions of
   peraturan perundangan.                                               laws and regulations.



574                                                                     Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 575
06                                 07                                         08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




Tabel Rangkap Jabatan Direksi Tahun 2025
Table of Concurrent Positions of the Board of Directors in 2025


      Nama                      Jabatan                    Jabatan Pada Perusahaan/Instansi Lain                     Nama Perusahaan/Instansi Lain
      Name                      Position                   Position in Other Companies/Institutions                   Name of Company/Institution
 Rivan A.            Direktur Utama                    • Ketua Umum Asosiasi Jalan Tol Indonesia                 • Asosiasi Jalan Tol Indonesia
 Purwantono          President Director                • Wakil Ketua Masyarakat Transportasi                     • Masyarakat Transportasi Indonesia
                                                         Indonesia                                               • Universitas Gadjah Mada
                                                       • Komite Audit Universitas Gadjah Mada                    • Universitas Gadjah Mada
                                                       • Dosen Universitas Gadjah Mada                           • Universitas Islam Sultan Agung
                                                       • Dosen Kehormatan Universitas Islam Sultan                 Semarang
                                                         Agung Semarang
                                                       • Ketua Bidang Hukum & Advokasi Certified                 • Certified Wealth Manager’s
                                                         Wealth Manager’s Association                              Association
                                                       • Chairman of the Indonesian Toll Road
                                                         Association                                             • Indonesian Toll Road Association
                                                       • Vice Chairman of the Indonesian Transportation          • Indonesian Transportation Society
                                                         Society                                                 • Gadjah Mada University
                                                       • Audit Committee of Gadjah Mada University               • Gadjah Mada University
                                                       • Lecturer at Gadjah Mada University

 Reza Febriano       Direktur Bisnis                   -                                                         -
                     Director of Business

 Yoga Tri            Direktur Human Capital dan        -                                                         -
 Anggoro             Transformasi
                     Director of Human Capital
                     and Transformation

 Pramitha            Direktur Keuangan dan             -                                                         -
 Wulanjani           Manajemen Risiko
                     Director of Finance and Risk
                     Management

 Fitri Wiyanti       Direktur Operasi *****            -                                                         -
                     Director of Operations

 Yaya Ruhiya***      Direktur Layanan                  -                                                         -
                     Director of Services

 Ari Respati***      Direktur Pengembangan             -                                                         -
                     Usaha
                     Director of Business
                     Development

 Subakti             Direktur Utama                    • Ketua Umum Asosiasi Jalan Tol Indonesia                 • Asosiasi Jalan Tol Indonesia
 Syukur**            President Director                • Staf Khusus Ketua Umum Persatuan Olahraga               • Persatuan Olahraga Dayung
                                                         Dayung Seluruh Indonesia                                  Seluruh Indonesia
                                                       • Ketua Bidang Investasi II Himpunan                      • Himpunan Pengembangan Jalan
                                                         Pengembangan Jalan Indonesia                              Indonesia
                                                       • Chairman Indonesian Toll Road Association               • Indonesian Toll Road Association
                                                       • Special Staff of the General Chairman All               • All Indonesia Rowing Sports
                                                         Indonesia Rowing Sports Association                       Association
                                                       • Chairman of Investment II Indonesian Road
                                                         Development Association                                 • Indonesian Road Development
                                                                                                                   Association

 Bagus Cahya         Direktur Human Capital dan        -                                                         -
 Arinta B.**         Transformasi
                     Director of Human Capital
                     and Transformation

 Mohamad Agus        Direktur Pengembangan             -                                                         -
 Setiawan****        Usaha
                     Director of Business
                     Development
 Keterangan/Notes:
 *      Menjabat sejak 7 Mei 2025/Appointed since May 7, 2025
 **    Menjabat sampai 7 Mei 2025/Serving until May 7, 2025
 ***   Menjabat sejak 17 Desember 2025/Appointed since December 17, 2025
 **** Menjabat sampai 17 Desember 2025/Serving until December 17, 2025
 ***** Per 7 Mei 2025, nomenklatur berubah menjadi Direktur Operasi dan Layanan, kemudian ditetapkan kembali menjadi Direktur Operasi melalui RUPSLB
       17 Desember 2025/As of May 7, 2025, the nomenclature changed to Director of Operations and Services, then reverted to Director of Operations through
       the Extraordinary General Meeting of Shareholders on December 17, 2025.




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                                 575
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01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Keputusan dan Pelaksanaan Tugas Direksi                             Decisions and Implementation of the
                                                                    Board of Directors’ Duties
Sepanjang tahun 2025, Direksi telah membuat sejumlah                Throughout 2025, the Board of Directors has made important
keputusan, rekomendasi dan pelaksanaan penting, antara              decisions, recommendations, and implementations, including
lain sebagai berikut:                                               the following:
1. Tunjangan Hari raya Keagamaan.                                   1. Religious Holiday Allowance.
2. Kesetaraan Stratifikasi Kelompok Jabatan.                        2. Job Group Stratification Equality.
3. Pemberian Penghargaan kepada Pensiunan Karyawan.                 3. Awarding Recognition to Retired Employees.
4. Pemberian Penghargaan Pengabdian Karyawan.                       4. Awarding Recognition for Employee Service.
5. Arsitektur Sumber Daya Manusia (Human Capital                    5. Jasa Marga Human Capital Architecture.
     Architecture) Jasa Marga.
6. Organisasi dan Uraian Jabatan.                                   6. Organization and Job Descriptions.
7. Penetapan Daftar Hitam Penyedia Barang dan Jasa.                 7. Establishment of the Vendor Blacklist for Goods and
                                                                        Services.
8. Perancangan Desain Internal Control over Financial               8. Designing Internal Control over Financial Reporting
    Reporting (ICoFR).                                                  (ICoFR).
9. Kelompok dan Stratifikasi Jabatan.                               9. Job Groups and Stratification.
10. Penetapan Tim Inovasi Terbaik Jasa Marga Innovation             10. Selection of the Best Innovation Team for Jasa Marga
    Competition 2024.                                                   Innovation Competition 2024.
11. Pedoman Pengelolaan Keterikatan Karyawan (Employee              11. Guidelines for Managing Employee Engagement in Jasa
    Engagement) Jasa Marga Group.                                       Marga Group.
12. Pembentukan Tim Satuan Tugas Jasa Marga Siaga                   12. Formation of the Jasa Marga Operational Readiness
    Operasional Hari Raya.                                              Task Force for Holidays.
13. Pemberian Motivational Reward Tahunan Karyawan                  13. Granting Annual Employee Motivational Reward for
    Tahun Buku 2024.                                                    Fiscal Year 2024.
14. Standar Prosedur Transaksi Keuangan Jasa Marga.                 14. Jasa Marga Financial Transaction Standard Procedures.
15. Penetapan Fine Tuning untuk Rumusan Kenaikan Gaji               15. Establishment of Fine Tuning for the 2025 Basic Salary
    Pokok Tahun 2025.                                                   Increase Formula.
16. Pembagian Tugas dan Wewenang Direksi Jasa Marga.                16. Division of Duties and Authorities of Jasa Marga
                                                                        Directors.
17. Pakaian Dinas Karyawan.                                         17. Employee Uniforms.
18. Pembagian Dividen Tunai Tahun Buku 2024.                        18. Distribution of Cash Dividends for Fiscal Year 2024.
19. Struktur Organisasi Sistem Manajemen Keamanan                   19. Jasa Marga Information Security Management System
    Informasi Jasa Marga.                                               Organizational Structure.
20. Key Performance Indicators Direksi dan Kontrak                  20. Key Performance Indicators for Directors and Annual
    Manajemen Tahunan Direksi Jasa Marga.                               Management Contracts for Jasa Marga Directors.
21. Pembentukan Tim Audit Internal Atas Penerapan Sistem            21. Formation of an Internal Audit Team for the Implementation
    Manajemen Anti Penyuapan (SMAP) Jasa Marga.                         of Jasa Marga's Anti-Bribery Management System
                                                                        (SMAP).
22. Standar Persyaratan Personil Sistem Manajemen                   22. Jasa Marga Information Security Management System
    Keamanan Infomasi (SMKI) Jasa Marga.                                (SMKI) Personnel Requirements Standard.
23. Penilaian Risk Maturity Index (RMI) Tahun Buku 2024             23. Jasa Marga Risk Maturity Index (RMI) Assessment for
    Jasa Marga.                                                         Fiscal Year 2024.
24. Matriks Pemetaan Kewenangan Jasa Marga.                         24. Jasa Marga Authority Mapping Matrix.
25. Jasa Marga Impactful Akhlak Program (JM ImAp)                   25. Jasa Marga Impactful Akhlak Program (JM ImAp)
    Competition 2025.                                                   Competition 2025.
26. Kebijakan dan Pedoman Sistem Manajemen Kelangsungan             26. Jasa Marga Business Continuity Management System
    Usaha Jasa Marga.                                                   Policy and Guidelines.
27. Sistem Manajemen Pemberhentian Karyawan (Exit                   27. Employee Termination Management System (Exit
    System).                                                            System).
28. Kontrak Manajemen Pengoperasian Jalan Tol.                      28. Toll Road Operation Management Contract.
29. Dana Pensiun Jasa Marga.                                        29. Jasa Marga Pension Fund.
30. Kebijakan Hak Asasi manusia (HAM).                              30. Human Rights (HAM) Policy.
31. Pedoman dan Prosedur Pemasangan Iklan di Wilayah                31. Guidelines and Procedures for Advertising Placement in
    Jalan Tol.                                                          Toll Road Areas.
32. Penyesuaian Logo Perusahaan.                                    32. Company Logo Adjustment.
33. Penetapan Lagu Mars Jasa Marga.                                 33. Establishment of the Jasa Marga March Song.
34. Penetapan Peserta Program Beasiswa 2025.                        34. Selection of Scholarship Program 2025 Participants.
35. Kebijakan Anti Penyuapan.                                       35. Anti-Bribery Policy.
36. Petugas Polisi Patroli Jalan Raya di Lingkungan Jasa            36. Highway Patrol Officers within Jasa Marga.
    Marga.
37. Pedoman Kompetisi Inovasi Jasa Marga Group.                     37. Jasa Marga Group Innovation Competition Guidelines.
38. Pembentukan Komite Sustainability Jasa Marga.                   38. Formation of Jasa Marga Sustainability Committee.



576                                                                      Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 577
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




39. Standarisasi Proses Bisnis Jasa Marga.                            39. Standardization of Jasa Marga Business Processes.
40. Pelaksanaan Penghapusan dan Pelelangan Aktiva tetap               40. Implementation of Fixed Asset Disposal and Auction for
    Barang/Peralatan dan Kendaraan.                                       Goods/Equipment and Vehicles.
41. Pedoman Tindak Lanjut Hasil Audit di Lingkungan Jasa              41. Guidelines for Follow-up on Audit Results within Jasa
    Marga.                                                                Marga.
42. Penetapan Tim Inovasi dan Peninjau untuk Temu Karya               42. Selection of Innovation and Review Teams for the 2025
    Mutu dan Produktivitas Nasional 2025.                                 National Quality and Productivity Meeting.
43. Penetapan Budaya Kerja Perusahaan “JSMR MOVE”.                    43. Establishment of the Company Work Culture "JSMR
                                                                          MOVE".
44. Peraturan Kerja Lembur Karyawan.                                  44. Employee Overtime Regulations.
45. Manual Sistem Manajemen Anti Penyuapan.                           45. Anti-Bribery Management System Manual.
46. Peraturan Perjalanan Dinas.                                       46. Business Travel Regulations.
47. Pembentukan Tim Penyusunan dan Perundingan                        47. Formation of the Team for Drafting and Negotiating the
    Perjanjian Kerja Bersama (PKB) 2026-2028.                             Collective Labor Agreement (PKB) 2026-2028.
48. Dashboard Proyeksi Lalu Lintas.                                   48. Traffic Projection Dashboard.



Pengelolaan Benturan Kepentingan                                      Conflict of Interest Management
Dalam melaksanakan tugas dan tanggung jawabnya,                       In carrying out their duties and responsibilities, the Board of
dapat terjadi Direksi berhadapan dengan kondisi                       Directors may encounter conflicts of interest. To maintain
benturan kepentingan. Demi menjaga independensi dan                   independence and professionalism, each member of the
profesionalisme, maka setiap anggota Direksi harus                    Board of Directors must adhere to the following code of
menganut etika sebagai berikut:                                       conduct:
1. Mematuhi peraturan perundang-undangan yang berlaku,                1. Comply with applicable laws and regulations, the
    Anggaran Dasar, dan Pedoman GCG serta kebijakan-                      Articles of Association, and GCG Guidelines as well as
    kebijakan Perseroan yang telah ditetapkan.                            the Company’s established policies.
2. Mengambil sikap, pendapat dan tindakan harus                       2. Take stances, opinions, and actions based on objectivity,
    didasarkan atas unsur objektivitas, profesional dan                   professionalism, and independence for the benefit of the
    independen demi kepentingan Perseroan yang seimbang                   Company, balanced with the interests of stakeholders.
    dengan kepentingan para pemangku kepentingan.
3. Menjalankan       tugas    dan   kewajibannya   dengan             3. Perform duties and obligations by placing the interests
    menempatkan kepentingan Direksi secara keseluruhan,                  of the Board of Directors as a whole above personal
    di atas kepentingan pribadi.                                         interests.
4. Selama menjabat, Anggota Direksi tidak diperkenankan               4. During their term of office, Members of the Board of
    untuk:                                                               Directors are not permitted to:
    a. Mengambil peluang bisnis Perseroan, selain gaji dan               a. Take advantage of the Company’s business
        fasilitas yang diterimanya sebagai Anggota Direksi                   opportunities, other than the salary and facilities
        yang ditentukan oleh RUPS, untuk kepentingan                         received as a Member of the Board of Directors, as
        dirinya sendiri, keluarga, kelompok usahanya dan/                    determined by the GMS, for their own interests, those
        atau pihak lain.                                                     of their family, business group, and/or other parties.
    b. Memanfaatkan jabatan bagi kepentingan pribadi                     b. Use their position for personal interests or for the
        atau bagi kepentingan orang atau pihak lain yang                     interests of other persons or parties that conflict
        bertentangan dengan kepentingan Perseroan.                           with the interests of the Company.
    c. Menggunakan aset Perseroan, informasi Perseroan                   c. Use the Company’s assets, information, or their
        atau jabatannya selaku Anggota Direksi untuk                         position as a Member of the Board of Directors for
        kepentingan pribadi ataupun orang lain, yang                         personal gain or for the benefit of others, which is
        bertentangan      dengan     ketentuan   peraturan                   contrary to the provisions of laws and regulations
        perundang-undangan serta kebijakan Perseroan                         and the applicable policies of the Company.
        yang berlaku.
    d. Berkompetisi dengan Perseroan yaitu menggunakan                     d. Compete with the Company, i.e., by using inside
        pengetahuan/informasi       dari   dalam    (inside                   information to obtain benefits for interests other
        information) untuk mendapatkan keuntungan bagi                        than those of the Company.
        kepentingan selain kepentingan Perseroan.
    e. Merangkap jabatan lain yang dapat menimbulkan                       e. Holding other positions that may cause a direct
        benturan kepentingan secara langsung dengan                           conflict of interest with the Company and/or that are
        Perseroan dan/atau yang bertentangan dengan                           contrary to applicable laws and regulations.
        ketentuan peraturan perundang-undangan yang
        berlaku.
    f. Memberikan atau menawarkan, atau menerima                           f.   Giving or offering, or receiving, either directly or
        baik langsung ataupun tidak langsung imbalan dan/                       indirectly, rewards and/or gifts, and/or grants and/
        atau hadiah, dan/atau hibah dan/atau sumbangan                          or donations and/or entertainment in any form from
        dan/atau entertainment dalam bentuk apapun dari                         parties that have a business relationship with or are
        pihak yang memiliki hubungan bisnis atau pesaing                        competitors of the Company, to obtain information



PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                              577
Page 578
01                           02                   03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen    Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report    Company Profile          Management Discussion and Analysis       Business Support Functions




       Perseroan, yang bertujuan untuk mendapatkan                           or something that is not permitted by applicable
       informasi, atau sesuatu hal yang tidak dibenarkan                     laws and regulations, or to influence them to do and/
       oleh ketentuan perundang-undangan yang berlaku,                       or not do something related to their position/office.
       atau untuk memengaruhinya untuk melakukan dan/
       atau tidak melakukan suatu hal berkaitan dengan
       kedudukan/jabatannya.
   g. Memberikan dan menerima hadiah, bingkisan,                         g. Giving and receiving gifts, presents, parcels, flower
       parsel, karangan bunga dan bentuk pemberian                          bouquets, and other forms of gifts on religious
       lainnya pada hari raya keagamaan maupun hari-hari                    holidays and/or other special days to officials/
       besar/tertentu lainnya kepada pejabat/pegawai di                     employees within government agencies and/or
       lingkungan instansi Pemerintah dan/atau pihak yang                   parties that have a business relationship.
       memiliki hubungan bisnis.
5. Menjaga kerahasiaan informasi-informasi Perseroan yang            5. Maintain the confidentiality of confidential Company
   bersifat rahasia yang dipercayakan kepadanya sesuai                  information entrusted to them in accordance with
   ketentuan peraturan perundang-undangan yang berlaku.                 applicable laws and regulations.
6. Menghindari setiap aktivitas yang dapat memengaruhi               6. Avoid any activities that may affect their independence
   independensinya dalam melaksanakan tugas.                            in carrying out their duties.
7. Melakukan pengungkapan dalam hal terjadi benturan                 7. Disclose any conflicts of interest, and the relevant
   kepentingan, dan Anggota Direksi yang bersangkutan                   Board of Directors member shall not be involved in the
   tidak boleh melibatkan diri dalam proses pengambilan                 Company’s decision-making process related to such
   keputusan Perseroan yang berkaitan dengan hal tersebut.              matters.
8. Mematuhi      peraturan   perundang-undangan      yang            8. Comply with applicable laws and regulations, including
   berlaku, termasuk dengan tidak melibatkan diri pada                  not engaging in insider trading for personal gain.
   perdagangan orang dalam (insider trading) untuk
   memperoleh keuntungan pribadi.


Kepemilikan Saham Direksi                                            Share Ownership of the Board of Directors
Informasi mengenai kepemilikan saham oleh anggota Direksi            Information regarding the share ownership of members of
dapat dilihat pada Bab Profil Perusahaan dalam Laporan               the Board of Directors is available in the Company Profile
Tahunan ini.                                                         chapter of this Annual Report.


Penilaian Kinerja Komite di Bawah Direksi                            Performance Assessment of Committees
dan Dasar Penilaiannya                                               under the Board of Directors and the
                                                                     Assessment Basis
Direksi Jasa Marga memiliki 3 (tiga) Komite di bawah Direksi,        The Board of Directors of Jasa Marga has 3 (three) committees
yaitu: Komite Manajemen Risiko, Komite Pengarah Teknologi            under its authority: the Risk Management Committee,
Informasi, dan Komite Sustainability yang membantu                   the Information Technology Steering Committee, and the
pelaksanaan tugas Direksi. Atas kinerja Komite Manajemen             Sustainability Committee, which assist the Board of Directors
Risiko, Komite Pengarah Teknologi Informasi, dan Komite              in carrying out its duties. Based on the performance of the Risk
Sustainability di tahun 2025, Direksi menilai bahwa ketiga           Management Committee, the Information Technology Steering
Komite tersebut telah menjalankan tugas dan tanggung                 Committee, and the TJSL Committee in 2025, the Board of
jawabnya dengan baik dan telah memberikan sejumlah                   Directors assessed that the three Committees had performed
rekomendasi dan saran kepada Direksi terkait impelementasi           their duties and responsibilities well and had provided several
manajemen risiko, pengembangan TI, dan pelaksanaan TJSL              recommendations and suggestions to the Board of Directors
di Perseroan.                                                        regarding the implementation of risk management, IT
                                                                     development, and the implementation of TJSL in the Company.

Di tahun 2025, Komite Manajemen Risiko telah membantu                In 2025, the Risk Management Committee assisted the
Direksi dalam memastikan kelangsungan usaha melalui                  Board of Directors in ensuring business continuity through
penetapan rencana kontinjensi, strategi risiko, klasifikasi          the establishment of contingency plans, risk strategies,
risiko anak perusahaan, serta pengukuran maturitas risiko            risk classification for subsidiaries, and risk maturity
yang terintegrasi dengan pengawasan tim sekretariat.                 assessments, integrated with oversight by the secretariat
Selain itu Komite Manajemen Risiko juga telah melakukan              team. In addition, the Risk Management Committee reviewed
review terhadap risiko-risiko strategis beserta kriterianya          the strategic risks and criteria that the Company may face,
yang mungkin dihadapi oleh Perseroan beserta dengan                  monitored their realization, and reviewed the results of the
pemantauan realisasinya dan melakukan review terhadap                Risk Maturity Index measurement within the Company.
hasil pengukuran indeks kematangan risiko Risk Maturity
Index) di lingkungan Perseroan.

Komite Pengarah Teknologi Informasi di tahun 2025 telah              In 2025, the Information Technology Steering Committee
melakukan beberapa arahan terkait program kerja yaitu                provided several directives related to the work program,
pencapaian RSTI, progres kajian MLFF, implementasi SAP               namely RSTI achievements, progress on the MLFF review,


578                                                                       Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 579
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




PSAK 118, IT Maturity Assessment, pengembangan aplikasi               implementation of SAP PSAK 118, IT Maturity Assessment,
TCM dan BPO, serta penguatan struktur melalui penambahan              development of the TCM and BPO applications, and
Tim Teknis IT Steering Committee.                                     strengthening of the structure through the addition of the IT
                                                                      Steering Committee Technical Team.

Sedangkan Komite Sustainability pada tahun 2025 telah                 Sedangkan Komite Sustainability pada tahun 2025 telah
membantu Direksi dalam melakukan pemetaan isu-isu                     membantu Direksi dalam melakukan pemetaan isu-isu
keberlanjutan serta penyusunan dan penyelarasan program               keberlanjutan serta penyusunan dan penyelarasan program
keberlanjutan Perseroan, termasuk program Tanggung                    keberlanjutan Perseroan, termasuk program Tanggung
Jawab Sosial dan Lingkungan (TJSL), agar sejalan dengan               Jawab Sosial dan Lingkungan (TJSL), agar sejalan dengan
Kebijakan Keberlanjutan dan Road Map ESG Perseroan.                   Kebijakan Keberlanjutan dan Road Map ESG Perseroan.
Selain itu, Komite Sustainability juga melakukan monitoring           Selain itu, Komite Sustainability juga melakukan monitoring
dan evaluasi atas pelaksanaan program keberlanjutan                   dan evaluasi atas pelaksanaan program keberlanjutan
dan TJSL di Perseroan guna memastikan efektivitas,                    dan TJSL di Perseroan guna memastikan efektivitas,
ketercapaian target, serta akuntabilitas pelaksanaannya.              ketercapaian target, serta akuntabilitas pelaksanaannya.

Prosedur Penilaian Kinerja Komite di Bawah                            Performance Assessment Procedure for
Direksi                                                               Committees under the Board of Directors

Prosedur penilaian kinerja Komite di bawah Direksi dilakukan          The performance appraisal procedure for committees
dengan mengevaluasi pelaksanaan tugas dan tanggung                    under the Board of Directors is carried out by evaluating the
jawabnya berdasarkan tujuan pembentukan masing-masing                 implementation of their duties and responsibilities based on
Komite. Dalam hal prosedur penilaian kinerja Komite di Bawah          the objectives of each committee’s establishment. In the case
Direksi, Direksi akan menilai kinerja dari Komite tersebut            of the performance appraisal procedure for committees under
sesuai dengan tugas pokok dan fungsi serta pertimbangan               the Board of Directors, the Board will assess the performance
atas sejumlah rekomendasi pengambilan keputusan yang                  of these committees per their main duties and functions, and
diberikan kepada Direksi sesuai ketentuan yang berlaku.               consider several decision-making recommendations given to
                                                                      the Board of Directors per applicable regulations.

Kriteria Penilaian Kinerja Komite di Bawah Direksi                    Performance Assessment Criteria for
                                                                      Committees under the Board of Directors

Adapun kriteria penilaian kinerja Komite di bawah Direksi             The criteria for assessing the performance of the Committees
didasari oleh pemenuhan tugas dan tanggung jawab dari                 under the Board of Directors are based on the fulfillment
setiap Komite di bawah Direksi sesuai dengan maksud dan               of the duties and responsibilities of each Committee under
tujuan pembentukannya.                                                the Board of Directors in accordance with the purpose and
                                                                      objectives of its establishment.


Mekanisme Pemberhentian dan                                           Board of Directors Dismissal and
Pengunduran Diri Direksi                                              Resignation Mechanism

Anggota Direksi dapat diberhentikan sementara waktu oleh              Members of the Board of Directors may be temporarily
Dewan Komisaris dengan menyebutkan alasannya, apabila                 dismissed by the Board of Commissioners with stated
anggota Direksi tersebut bertindak bertentangan dengan                reasons if they act contrary to the Articles of Association
Anggaran Dasar atau terdapat indikasi melakukan tindakan              or there are indications that they have committed acts that
yang merugikan Perseroan atau melalaikan kewajibannya                 are detrimental to the Company, or have neglected their
atau terdapat alasan yang mendesak bagi Perseroan, dengan             duties, or there are urgent reasons for the Company, with
memperhatikan ketentuan-ketentuan sebagai berikut:                    due regard to the following provisions:
1. Anggota Direksi sewaktu-waktu dapat diberhentikan                  1. Members of the Board of Directors may be dismissed
   berdasarkan keputusan RUPS dengan menyebutkan                          at any time based on a decision of the GMS, stating the
   alasannya.                                                             reasons.
2. Alasan pemberhentian Anggota Direksi sebagaimana                   2. The reasons for dismissal of a member of the Board of
   dimaksud dilakukan apabila berdasarkan kenyataan,                      Directors as referred to above shall be based on the fact
   Anggota Direksi yang bersangkutan antara lain:                         that the member of the Board of Directors in question,
                                                                          among other things:
     a. Tidak/kurang dapat memenuhi kewajibannya yang                     a. Fails/is unable to fulfill their obligations as agreed in
        telah disepakati dalam kontrak manajemen.                             the management contract.
     b. Tidak dapat menjalankan tugasnya dengan baik.                     b. Is unable to perform their duties properly.
     c. Melanggar ketentuan Anggaran Dasar dan/atau                       c. Violates the provisions of the Articles of Association
        peraturan perundangan.                                                and/or laws and regulations.
     d. Terlibat dalam tindakan yang merugikan Perseroan                  d. Is involved in actions that are detrimental to the
        dan/atau negara.                                                      Company and/or the state.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                              579
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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile           Management Discussion and Analysis       Business Support Functions




   e. Melakukan tindakan yang melanggar etika dan/                     e. Commits actions that violate the ethics and/or
       atau kepatutan yang seharusnya dihormati sebagai                    propriety that should be respected as a member of
       Direksi.                                                            the Board of Directors.
   f. Dinyatakan bersalah dengan keputusan Pengadilan                  f. Is found guilty by a court decision that has permanent
       yang mempunyai kekuatan hukum yang tetap.                           legal force.
   g. Mengundurkan diri.                                               g. Resigns.
   h. Alasan lainnya yang dinilai tepat oleh RUPS demi                 h. Other reasons deemed appropriate by the GMS for
       kepentingan dan tujuan Perseroan.                                   the benefit and objectives of the Company.
3. Keputusan pemberhentian karena alasan sebagaimana                3. The decision to dismiss for the reasons referred to
   dimaksud diambil setelah yang bersangkutan diberi                   above shall be taken after the person concerned has
   kesempatan untuk membela diri, kecuali nomor 2 huruf                been allowed to defend themselves, except for numbers
   f dan g.                                                            2 letters f and g.
4. Pemberhentian karena alasan sebagaimana dimaksud                 4. Dismissal for the reasons referred to in number 2, letters
   pada nomor 2 huruf d dan f merupakan pemberhentian                  d and f, shall be a dishonorable dismissal.
   dengan tidak hormat.
5. Antara para anggota Direksi dan antara Anggota Direksi           5. There shall be no familial relationship up to the third
   dengan anggota Dewan Komisaris tidak boleh ada                      degree, either in the direct line or in the collateral line,
   hubungan keluarga sedarah sampai dengan derajat                     or any relationship by marriage (son-in-law or brother-
   ketiga, baik menurut garis lurus maupun garis ke                    in-law) between Members of the Board of Directors
   samping atau hubungan semenda (menantu atau ipar).                  or between a Member of the Board of Directors and a
                                                                       Member of the Board of Commissioners.
6. Dalam hal terjadi keadaan sebagaimana dimaksud pada              6. In the event of a situation as referred to in point 5, the
   nomor 5, RUPS berwenang memberhentikan salah                        GMS shall have the authority to dismiss one of them.
   seorang di antara mereka.

Pengunduran Diri Anggota Direksi                                    Resignation of Board of Directors Members

1.   Seorang Anggota Direksi dapat mengundurkan diri dari           1.   A Board Member may resign from their position before
     jabatannya sebelum masa jabatannya berakhir. Dalam hal              the end of their term of office. If a Board Member
     terdapat Anggota Direksi yang mengundurkan diri, maka               resigns, the Board Member concerned shall submit a
     Anggota Direksi yang bersangkutan wajib menyampaikan                written resignation letter to the Company stating his/her
     permohonan pengunduran diri secara tertulis mengenai                intention to resign.
     maksudnya tersebut kepada Perseroan.
2.   Perseroan wajib menyelenggarakan RUPS untuk                    2. The Company must hold a GMS to decide on the
     memutuskan permohonan pengunduran diri Anggota                    resignation request of a Board Member no later than 90
     Direksi paling lambat 90 (sembilan puluh) hari setelah            (ninety) days after receiving the resignation letter.
     diterimanya surat pengunduran diri tersebut.
3.   Perseroan wajib melakukan keterbukaan informasi                3. The Company shall disclose this information to the
     kepada masyarakat dan menyampaikan kepada OJK                     public and submit it to the OJK no later than 2 (two)
     paling lambat 2 (dua) hari kerja setelah:                         working days after:
     a. Diterimanya permohonan pengunduran diri Direksi                a. Receipt of the resignation request of the Board of
         sebagaimana dimaksud dalam huruf a, dan;                         Directors as referred to in letter a, and;
     b. Hasil     penyelenggaraan       RUPS   sebagaimana             b. The results of the GMS as referred to in letter a.
         dimaksud dalam huruf a.
4.   Sebelum pengunduran diri berlaku efektif, Anggota              4. Before the resignation takes effect, the relevant Board
     Direksi yang bersangkutan tetap berkewajiban                      of Directors member remains obligated to complete their
     menyelesaikan tugas dan tanggung jawabnya sesuai                  duties and responsibilities in accordance with the Articles
     dengan Anggaran Dasar dan peraturan perundangan.                  of Association and applicable laws and regulations.
5.   Direksi yang mengundurkan diri baru bebas dari                 5. The resigning Board of Directors member is only released
     tanggung jawab setelah memperoleh pembebasan                      from their responsibilities after obtaining a release of
     tanggung jawab dari RUPS Tahunan.                                 liability from the Annual GMS.




580                                                                       Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 581
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Penilaian Kinerja Dewan Komisaris dan Direksi
Performance Assessment of the Board of Commissioners
and Board of Directors

Perseroan telah menetapkan mekanisme penilaian kinerja                The Company has established a performance assessment
Dewan Komisaris termasuk Komisaris Utama dan Direksi                  mechanism for the Board of Commissioners, including the
termasuk Direktur Utama, yang penilaiannya didasarkan                 President Commissioner, and the Board of Directors, including
pada Key Performance Indicator (KPI) dan GCG Assessment.              the President Director, which is based on Key Performance
Penilaian terhadap Dewan Komisaris dan Direksi merupakan              Indicators (KPIs) and GCG Assessment. The assessment of
tahap evaluasi atas kinerja Dewan Komisaris dan Direksi               the Board of Commissioners and Board of Directors is an
untuk periode tahun penilaian.                                        evaluation of their performance for the assessment period.


Penilaian Kinerja Dewan Komisaris                                     Performance Assessment of the Board of
Berdasarkan KPI                                                       Commissioners Based on KPIs
Setiap tahun, Dewan Komisaris menetapkan program                      Each year, the Board of Commissioners establishes the
kerja tahunan Dewan Komisaris, dan juga menetapkan                    Board of Commissioners’ annual work program and also sets
Key Performance Indicators (KPI) sebagai tolak ukur                   Key Performance Indicators (KPIs) as a benchmark for the
pencapaian kinerja Dewan Komisaris termasuk Komisaris                 performance of the Board of Commissioners, including the
Utama. Capaian atas KPI merupakan objek penilaian yang                President Commissioner. The KPI achievement is the object
menentukan pencapaian kinerja Dewan Komisaris selama                  of assessment that determines the performance of the
1 (satu) tahun.                                                       Board of Commissioners for 1 (one) year.

Berdasarkan program kerja tahunan yang disusun oleh Dewan             Based on the annual work program prepared by the Board
Komisaris tersebut, dijadwalkan penyelenggaraan rapat-rapat           of Commissioners, meetings are scheduled, i.e., Board of
yaitu Rapat Dewan Komisaris dan Rapat Koordinasi Dewan                Commissioners Meetings and Board of Commissioners
Komisaris dengan Direksi, kunjungan-kunjungan kerja yaitu             Coordination Meetings with the Board of Directors, as
kunjungan kerja ke Kantor Regional dan Anak Perusahaan                well as working visits to Regional Offices and Subsidiaries,
baik pada proyek-proyek jalan tol baru, maupun yang sedang            both for new toll road projects and those currently under
dalam tahap konstruksi. KPI Dewan Komisaris terdiri dari 8            construction. The Board of Commissioners’ KPIs consist
(delapan) perspektif dan 15 (lima belas) indikator/parameter          of 8 (eight) perspectives and 15 indicators/parameters for
penilaian kinerja Dewan Komisaris.                                    assessing the performance of the Board of Commissioners.

Prosedur Pelaksanaan dan Pihak yang Melakukan                         Implementation Procedures and Assessor
Penilaian

Penilaian kinerja Dewan Komisaris dilakukan berdasarkan               The performance assessment of the Board of Commissioners
pedoman self-assessment kinerja Dewan Komisaris                       is conducted based on the guidelines for the self-assessment
yang ditetapkan dalam Keputusan Dewan Komisaris                       of the Board of Commissioners’ performance as stipulated
No. 125/X/2019 tanggal 18 Oktober 2019 tentang Penetapan              in Board of Commissioners Decree No. 125/X/2019 dated
Revisi Sistem self-assessment Kinerja Dewan Komisaris                 October 18, 2019, on the Determination of Revisions to the
PT Jasa Marga (Persero) Tbk. Penilaian kinerja dimaksud               Self-Assessment System for the Performance of the Board
dilaksanakan setiap akhir Triwulan, termasuk setiap akhir             of Commissioners of PT Jasa Marga (Persero) Tbk. The
Triwulan IV menjelang akhir tahun buku untuk penilaian                performance assessment is conducted at the end of each
1 (satu) tahun buku secara keseluruhan. Hasil penilaian               quarter, including at the end of the fourth quarter, before the
dimaksud disampaikan kepada Pemegang Saham Seri A                     end of the fiscal year, for the assessment of the entire fiscal
Dwiwarna.                                                             year. The evaluation results are submitted to the holders of
                                                                      Series A Dwiwarna shares.

Kriteria Penilaian Kinerja Dewan Komisaris                            Criteria for Assessing the Board of
                                                                      Commissioners Performance

KPI Dewan Komisaris mencakup perspektif penilaian kinerja             The KPIs of the Board of Commissioners include the
sebagai berikut:                                                      following performance assessment perspectives:
1. Rapat Umum Pemegang Saham (RUPS).                                  1. General Meeting of Shareholders (GMS).
2. Pengawasan terhadap Direksi atas Implementasi                      2. Supervision of the Board of Directors over the
    Rencana dan Kebijakan Perseroan.                                       Implementation of the Company’s Plans and Policies.
3. Pengawasan       terhadap    pelaksanaan    kebijakan              3. Supervision of the implementation of subsidiary
    pengelolaan Anak Perusahaan.                                           management policies.
4. Persetujuan atas Rancangan RJPP dan RKAP yang                      4. Approval of the RJPP and RKAP drafts submitted by the
    disampaikan Direksi.                                                   Board of Directors.


PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                              581
Page 582
01                             02                       03                      04                                       05
Ikhtisar Kinerja Utama         Laporan Manajemen        Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights     Management Report        Company Profile          Management Discussion and Analysis       Business Support Functions




5. Penetapan faktor-faktor yang dibutuhkan untuk                           5. Determination of the factors needed to support the
   mendukung pelaksanaan tugasnya.                                            performance of its duties.
6. Penyelenggaraan Rapat Dewan Komisaris yang efektif                      6. Holding effective Board of Commissioners meetings and
   dan menghadirinya.                                                         attending them.
7. Pemberian arahan kepada Direksi atas implementasi                       7. Providing direction to the Board of Directors on the
   rencana dan kebijakan Perseroan.                                           implementation of the Company’s plans and policies.
8. Pemantauan untuk memastikan bahwa Prinsip GCG                           8. Monitoring to ensure that GCG principles are
   telah diterapkan dengan efektif dan berkelanjutan.                         implemented effectively and sustainably.

Hasil Penilaian KPI Dewan Komisaris                                        Board of Commissioners KPI Assessment Results

Tabel Hasil Penilaian KPI Dewan Komisaris Tahun 2025
Table of Board of Commissioners KPI Assessment Results for 2025

                                                                                                                           Nilai KPI
                                Perspektif dan Indikator Kinerja                                      Bobot                KPI Score
 No.
                             Perspective and Performance Indicator                                    Weight         Target         Realisasi
                                                                                                                     Target        Realization
         Rapat Umum Pemegang Saham (RUPS).
   1.                                                                                                  18,5%         0,925            0,925
         General Meeting of Shareholders (GMS).

         Pengawasan terhadap Direksi atas Implementasi Rencana dan Kebijakan Perseroan.
   2.    Supervision of the Board of Directors over the Implementation of the Company's Plans           17,0%        0,850            0,850
         and Policies.

         Pengawasan terhadap pelaksanaan kebijakan pengelolaan Anak Perusahaan.
   3.                                                                                                   3,0%          0,150            0,150
         Supervision of the implementation of subsidiary management policies.

         Persetujuan atas Rancangan RJPP dan RKAP yang disampaikan Direksi.
   4.                                                                                                   17,5%        0,875             0,875
         Approval of the RJPP and RKAP drafts submitted by the Board of Directors.

         Penetapan faktor-faktor yang dibutuhkan untuk mendukung pelaksanaan tugasnya.
   5.                                                                                                   2,5%          0,125            0,125
         Determination of the factors needed to support the performance of its duties.

         Penyelenggaraan Rapat Dewan Komisaris yang efektif dan menghadirinya.
   6.                                                                                                   5,0%         0,250            0,250
         Holding effective Board of Commissioners meetings and attending them.

         Pemberian arahan kepada Direksi atas implementasi rencana dan kebijakan Perseroan.
   7.    Providing direction to the Board of Directors on the implementation of the Company's          20,0%          1,000            1,000
         plans and policies.

         Pemantauan untuk memastikan bahwa Prinsip GCG telah diterapkan dengan efektif
   8.    dan berkelanjutan.                                                                            16,5%         0,825             0,825
         Monitoring to ensure that GCG principles are implemented effectively and sustainably.

 Jumlah
                                                                                                       100%          5,000            5,000
 Total


Berdasarkan hasil self-assessment dapat disimpulkan                        Based on the results of the self-assessment, it can be
bahwa kinerja pengawasan dan pemberian nasihat                             concluded that the Board of Commissioners’ performance in
Dewan Komisaris kepada Direksi dalam mengelola dan                         supervising and advising the Board of Directors in managing
mengembangkan Perseroan pada tahun buku 2025 telah                         and developing the Company in the 2025 fiscal year has
dilaksanakan dengan sangat baik.                                           been carried out very well.

Sesuai dengan pedoman self-assessment kinerja Dewan                        In accordance with the Board of Commissioners’
Komisaris, hasil penilaian kinerja Dewan Komisaris tahun                   performance self-assessment guidelines, the result of the
2025 secara self-assessment adalah sebesar 5,0 atau                        Board of Commissioners’ performance self-assessment for
100% sesuai dengan target yang ditetapkan untuk tahun                      2025 is 5.0, or 100%, in line with the target set for 2025 of
2025 yaitu 5,0. Skor tersebut dipertahankan dari tahun                     5.0. This score is unchanged from the previous year, when
sebelumnya, dimana skor tahun lalu untuk aspek Dewan                       the score for the Board of Commissioners was 5.0, or 100%.
Komisaris adalah 5,0 atau 100%.


Penilaian Kinerja Direksi Berdasarkan KPI                                  Performance Assessment of the Board of
                                                                           Directors Based on KPIs
Penilaian atas kinerja Direksi termasuk Direktur Utama                     The assessment of the Board of Directors’ performance,
dilakukan dengan menggunakan metode self-assessment,                       including the President Director, is conducted using a self-
yang dilakukan setiap akhir tahun, dan hasil penilaian                     assessment method at the end of each year, and the results
disampaikan kepada Pemegang Saham dalam RUPS.                              of the assessment are submitted to the Shareholders at the
                                                                           GMS.




582                                                                            Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 583
06                                    07                                 08
Tata Kelola Perusahaan                Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance             Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Prosedur Pelaksanaan Penilaian Kinerja Direksi                             Board of Directors’ Performance Assessment
dan Pihak yang Melakukan Penilaian                                         Implementation Procedures and Assessor

Prosedur Pelaksanaan Penilaian Direksi termasuk Direktur                   The procedure for assessing the Board of Directors,
Utama melalui KPI dilakukan berdasarkan Kontrak                            including the President Director, through KPIs, is carried out
Manajemen yang telah disahkan oleh Dewan Komisaris.                        based on the Management Contract that has been approved
                                                                           by the Board of Commissioners.

Kriteria Penilaian KPI Direksi                                             Criteria for Assessing the Board of Directors’
                                                                           KPIs

Kriteria evaluasi kinerja Direksi termasuk Direktur Utama                  The criteria for evaluating the performance of the Board of
berdasarkan KPI dibagi ke dalam beberapa perspektif, yaitu:                Directors, including the President Director, based on KPIs,
                                                                           are divided into several perspectives, namely:
1.        Nilai Ekonomi dan Sosial untuk Indonesia;                        1. Economic and Social Value for Indonesia;
2.        Inovasi Model Bisnis;                                            2. Business Model Innovation;
3.        Kepemimpinan Teknologi;                                          3. Technological Leadership;
4.        Peningkatan Investasi; dan                                       4. Investment Growth; and
5.        Pengembangan Talenta.                                            5. Talent Development.

Hasil Penilaian KPI Direksi Tahun 2025                                     Board of Directors KPI Assessment Results in 2025

Penilaian kinerja Direksi termasuk Direktur Utama untuk                    The performance appraisal of the Board of Directors,
tahun 2025 telah dilakukan berdasarkan kriteria penilaian                  including the President Director, for the year 2025 has been
dan proses sebagaimana diuraikan di atas dengan hasil                      conducted based on the appraisal criteria and process as
sebagai berikut:                                                           described above, with the following results:

Hasil Penilaian KPI Direksi (Termasuk Direktur Utama) Tahun 2025
Board of Directors (Including the President Director) KPI Assessment Results in 2025

                             Perspektif dan Indikator Kinerja                               Bobot
 No.                                                                                                                  Target   Audited 2025
                          Perspective and Performance Indicator                             Weight
     1.      Nilai Ekonomi dan Sosial untuk Indonesia
                                                                                               55                      55         57,55
             Economic and Social Value for Indonesia

     2.      Inovasi Model Bisnis
                                                                                                15                      15        16,50
             Business Model Innovation

     3.      Kepemimpinan Teknologi
                                                                                                7                       7          7,47
             Technology Leadership

     4.      Peningkatan Investasi
                                                                                                15                      15         14,75
             Increase in Investment

     5.      Pengembangan Talenta
                                                                                                8                       8          8,80
             Talent Development

 Jumlah
                                                                                               100                     100        105,07
 Total




PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                    583
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01                           02                      03                        04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen       Profil Perusahaan          Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report       Company Profile            Management Discussion and Analysis       Business Support Functions




Rapat Dewan Komisaris dan Direksi
Board of Commissioners and Board of Directors Meetings

Rapat Dewan Komisaris                                                   Board of Commissioners Meetings
Sesuai dengan Peraturan Otoritas Jasa Keuangan No. 33/                  In accordance with Financial Services Authority Regulation
POJK.04/2014 tentang Direksi dan Dewan Komisaris Emiten                 No. 33/POJK.04/2014 on the Board of Directors and Board
atau Perusahaan Publik dan sesuai dengan Anggaran Dasar                 of Commissioners of Issuers or Public Companies and in
PT Jasa Marga (Persero) Tbk pasal 16, bahwa Dewan                       accordance with Article 16 of the Articles of Association of
Komisaris wajib mengadakan rapat paling kurang 1 (satu)                 PT Jasa Marga (Persero) Tbk, the Board of Commissioners
kali dalam 2 (dua) bulan, serta mengadakan rapat koordinasi             is required to hold meetings at least once every 2 (two)
Dewan Komisaris dengan Direksi secara berkala, paling                   months and hold coordination meetings between the Board
kurang 1 (satu) kali dalam 4 (empat) bulan.                             of Commissioners and the Board of Directors periodically, at
                                                                        least once every 4 (four) months.

Rencana Rapat Dewan Komisaris Tahun 2025                                Board of Commissioners Meeting Plan in 2025

Dewan Komisaris telah menyusun jadwal rencana Rapat                     The Board of Commissioners has prepared a schedule
Dewan Komisaris, untuk rapat yang wajib dilaksanakan                    for Board of Commissioners meetings that must be held
sepanjang tahun 2025. Ada pun jadwal rencana rapat Dewan                throughout 2025. The schedule for Board of Commissioners
Komisaris tahun 2025 adalah sebagai berikut:                            meetings in 2025 is as follows:

Tabel Rencana Jadwal Rapat Dewan Komisaris Tahun 2025
Table of Board of Commissioners Meeting Schedule Plan in 2025

               Bulan                     Tanggal Rapat                                Bulan                         Tanggal Rapat
               Month                      Meeting Date                                Month                          Meeting Date
 Januari                                                                Juli
                                            21/01/2025                                                                 15/07/2025
 January                                                                July

 Februari                                                               Agustus
                                            18/02/2025                                                                 19/08/2025
 February                                                               August

 Maret                                                                  September
                                            18/03/2025                                                                 16/09/2025
 March                                                                  September

 April                                                                  Oktober
                                           22/04/2025                                                                  21/10/2025
 April                                                                  October

 Mei                                                                    November
                                           20/05/2025                                                                  18/11/2025
 May                                                                    November

 Juni                                                                   Desember
                                            17/06/2025                                                                 16/12/2025
 June                                                                   December


Sedangkan untuk Rencana Agenda Rapat Dewan Komisaris                    As for the 2025 Board of Commissioners Meeting Agenda
Tahun 2025, sebagai berikut:                                            Plan, it is as follows:
1. Laporan Pelaksanaan Tugas Pengawasan Dewan                           1. Report on the Implementation of the Supervisory Board's
    Komisaris.                                                              Duties.
2. Program Kerja Dewan Komisaris                                        2. Supervisory Board Work Program.
3. Usulan dan Realisasi RKAP.                                           3. Proposed and Realized RKAP.
4. Usulan dan Realisasi Key Performance Indicators (KPI).               4. Proposed and Realized Key Performance Indicators (KPI).
5. Struktur Organisasi.                                                 5. Organizational Structure.
6. Laporan Komite.                                                      6. Committee Report.
7. Aksi Korporasi.                                                      7. Corporate Actions.
8. Pengawasan Atas Talent Management.                                   8. Supervision of Talent Management.
9. Rencana Jangka Panjang Perusahaan (RJPP).                            9. Company Long-Term Plan (RJPP).
10. Laporan Bulanan Progres Fisik Investasi.                            10. Monthly Report on Physical Investment Progress.
11. Laporan Manajemen.                                                  11. Management Report.
12. Review Atas Governance Soft Structure.                              12. Review of Governance Soft Structure.
13. Pengawasan Atas Kepatuhan Terhadap Peraturan                        13. Supervision of Compliance with Applicable Laws and
    Perundang-undangan yang Berlaku                                         Regulations
14. Proses Bisnis Saat Ini dan ke Depan.                                14. Current and Future Business Processes.
15. Audit Internal dan Eksternal.                                       15. Internal and External Audits.




584                                                                            Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 585
06                                07                                      08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




Realisasi Rapat Dewan Komisaris Tahun 2025                                  Board of Commissioners Meeting Realization in
                                                                            2025

Sepanjang tahun 2025, Dewan Komisaris Jasa Marga                            Throughout 2025, the Board of Commissioners of Jasa
melakukan rapat sebanyak 17 (tujuh belas) kali dengan                       Marga held 17 meetings with the following agendas:
berbagai agenda sebagai berikut:
1. Strategi dan Implementasi Organ Pengelola Manajemen                      1.  Strategi dan Implementasi Organ Pengelola Manajemen
    Risiko di Anak Perusahaan.                                                  Risiko di Anak Perusahaan.
2. Calon Direktur dan Komisaris Anak Perusahaan.                            2. Calon Direktur dan Komisaris Anak Perusahaan.
3. KPI Kolegial 2025.                                                       3. KPI Kolegial 2025.
4. Hasil Audit Intern 2024.                                                 4. Hasil Audit Intern 2024.
5. Hasil Reviu Pengendalian Internal 2024.                                  5. Hasil Reviu Pengendalian Internal 2024.
6. Self-Assessment Perubahan Change of Control dan                          6. Self-Assessment Perubahan Change of Control dan
    Valuasi Nilai Wajar.                                                        Valuasi Nilai Wajar.
7. Pengusahaan Jalan Tol.                                                   7. Pengusahaan Jalan Tol.
8. Penunjukan Kantor Akuntan Publik Tahun Buku 2025.                        8. Penunjukan Kantor Akuntan Publik Tahun Buku 2025.
9. Laporan Tugas Pengawasan Dewan Komisaris 2024.                           9. Laporan Tugas Pengawasan Dewan Komisaris 2024.
10. Struktur Organisasi.                                                    10. Struktur Organisasi.
11. Pembagian Tugas Dewan Komisaris.                                        11. Pembagian Tugas Dewan Komisaris.
12. Penerbitan Obligasi.                                                    12. Penerbitan Obligasi.
13. Internal Audit Charter.                                                 13. Internal Audit Charter.
14. Program Kerja Internal Audit 2025                                       14. Program Kerja Internal Audit 2025
15. Laporan Komite Nominasi dan Remunerasi.                                 15. Laporan Komite Nominasi dan Remunerasi.
16. Laporan Komite Pemantau Risiko dan Hukum.                               16. Laporan Komite Pemantau Risiko dan Hukum.
17. Board Manual.                                                           17. Board Manual.
18. Review Kinerja Triwulanan.                                              18. Review Kinerja Triwulanan.
19. Rapat Umum Pemegang Saham.                                              19. Rapat Umum Pemegang Saham.
20. RKAP 2026.                                                              20. RKAP 2026.
21. Perubahan Struktur Organisasi sebagai Tindak Lanjut                     21. Perubahan Struktur Organisasi sebagai Tindak Lanjut
    RUPS Luar Biasa.                                                            RUPS Luar Biasa.

Adapun tingkat kehadiran anggota Dewan Komisaris dalam                      The attendance rate of Board of Commissioners members at
Rapat Dewan Komisaris, termuat dalam tabel berikut:                         Board of Commissioners meetings is shown in the following
                                                                            table:

Tabel Kehadiran Anggota Dewan Komisaris pada Rapat Dewan Komisaris Tahun 2025
Table of Board of Commissioners Members’ Attendance at the 2025 Board of Commissioners Meetings

                                   Jumlah Rapat              Jumlah Rapat              Jumlah Rapat               Persentase
                                  Dalam Setahun            yang Wajib Dihadiri         yang Dihadiri              Kehadiran    Rata-Rata
                                  Total Meetings            Total Mandatory            Total Attended             Attendance    Average
                                    in One Year                Meetings                  Meetings                 Percentage
 Juri Ardiantoro*                                                    11                       11                       100%

 Syamsul Bachri Yusuf*                                               11                       10                       91%

 Asrorun Ni’am Sholeh*                                               11                       10                       91%

 Nachrowi Ramli*                                                     11                       11                       100%

 Rudi Antariksawan *                                                 11                       10                       91%

 Tedi Kurniawan***                                                   1                        1                        100%

 Mohammad Zainal Fatah**                 17                          6                        6                        100%      95%

 Marsetio**                                                          6                        6                        100%

 Chandra Wijaya**                                                    6                        5                        83%

 Abdul Rachman**                                                     6                        6                        100%

 M. Roskanedi**                                                      6                        6                        100%

 Raja Erizman**                                                      6                        5                        83%

 Seppalga Ahmad****                                                  16                       15                       94%
 Keterangan/Notes:
 *    Menjabat sejak 7 Mei 2025/Appointed since May 7, 2025
 ** Menjabat sampai 7 Mei 2025/Serving until May 7, 2025
 *** Menjabat sejak 17 Desember 2025/Appointed since December 17, 2025
 **** Menjabat sampai 12 November 2025/Serving until November 12, 2025




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                    585
Page 586
01                            02                     03                      04                                        05
Ikhtisar Kinerja Utama        Laporan Manajemen      Profil Perusahaan        Analisa dan Pembahasan Manajemen          Fungsi Penunjang Bisnis
Main Performace Highlights    Management Report      Company Profile          Management Discussion and Analysis        Business Support Functions




Rapat Direksi                                                           Board of Commissioners Meetings
Sebagaimana diatur dalam Anggaran Dasar Perseroan,                      As stipulated in the Company’s Articles of Association, the
Direksi wajib mengadakan Rapat Direksi secara berkala                   Board of Directors is required to hold Board of Directors
paling kurang 1 (satu) kali dalam setiap bulan. Rapat Direksi           Meetings at least once a month. Board of Directors
juga dapat diadakan setiap waktu apabila dipandang                      Meetings may also be held at any time if deemed necessary
perlu oleh seorang atau lebih anggota Direksi atau atas                 by one or more members of the Board of Directors or upon
permintaan tertulis dari seorang atau lebih anggota Dewan               written request from one or more members of the Board of
Komisaris. Aturan mengenai pelaksanaan Rapat Direksi juga               Commissioners. The rules regarding the implementation of
diatur dalam Peraturan Otoritas Jasa Keuangan No. 33/                   Board of Directors Meetings are also regulated in Financial
POJK.04/2014 tentang Direksi dan Dewan Komisaris Emiten                 Services Authority Regulation No. 33/POJK.04/2014 on the
atau Perusahaan Publik yang mengatur bahwa Direksi                      Board of Directors and Board of Commissioners of Issuers
diwajibkan melakukan rapat sekurang-kurangnya 1 (satu)                  or Public Companies, which stipulates that the Board of
kali dalam 1 (satu) bulan.                                              Directors is required to hold meetings at least once a month.

Rencana Rapat Direksi Tahun 2025                                        Board of Directors Meeting Plan in 2025

Direksi telah menyusun jadwal rencana Rapat Direksi, untuk              The Board of Directors has prepared a schedule for Board
rapat yang wajib dilaksanakan sepanjang tahun 2025. Rapat               of Directors meetings that must be held throughout 2025.
Direksi terdiri dari Rapat Mingguan yang dilaksanakan sekali            Board meetings consist of Weekly Meetings held once a
dalam sepekan, Rapat Triwulanan yang dilaksanakan sekali                week, Quarterly Meetings held once every 3 (three) months,
dalam 3 (tiga) bulan, Rapat Semesteran yang dilaksanakan                Semi-Annual Meetings held once every 6 (six) months, and
sekali dalam 6 bulan dan Rapat Tahunan yang dilaksanakan                Annual Meetings held once a year. The schedule and agenda
sekali dalam setahun. Ada pun jadwal rencana rapat dan                  for the 2025 Board meetings are as follows:
agenda rapat Direksi tahun 2025 adalah sebagai berikut:

Tabel Rencana Jadwal Rapat Direksi Tahun 2025
Table of Board of Directors Meeting Schedule Plan in 2025

          Bulan               Tanggal Rapat (tgl/bln/thn)                      Bulan                  Tanggal Rapat (tgl/bln/thn)
          Month              Meeting Date (date/month/year                     Month                 Meeting Date (date/month/year
 Januari                                06/01/2025                      Agustus                                   04/08/2025
 January                                                                August
                                        13/01/2025                                                                11/08/2025

                                        20/01/2025                                                                18/08/2025

 Februari                               03/02/2025                                                                25/08/2025
 February
                                        10/02/2025                      September                                 01/09/2025
                                                                        September
                                        17/02/2025                                                                08/09/2025

                                        24/02/2025                                                                15/09/2025

 Maret                                 03/03/2025                                                                 22/09/2025
 March
                                        10/03/2025                                                                29/09/2025

                                        17/03/2025                      Oktober                                   06/10/2025
                                                                        October
                                        24/03/2025                                                                13/10/2025

 April                                  14/04/2025                                                                20/10/2025
 April
                                        21/04/2025                                                                27/10/2025

                                        28/04/2025                      November                                  03/11/2025
                                                                        November
 Mei                                    05/05/2025                                                                10/11/2025
 May
                                        19/05/2025                                                                17/11/2025

                                        26/05/2025                                                                24/11/2025

 Juni                                   02/06/2025                      Desember                                  01/12/2025
 June                                                                   December
                                        16/06/2025                                                                08/12/2025

                                        23/06/2025                                                                15/12/2025

                                       30/06/2025                                                                 22/12/2025

 Juli                                   07/07/2025                                                                29/12/2025
 July
                                        14/07/2025

                                        21/07/2025

                                        28/07/2025




586                                                                         Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
Page 587
06                               07                                       08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




Tabel Rencana Agenda Rapat Direksi Tahun 2025
Table of Proposed Board of Directors Meeting Agenda in 2025


    Rapat                      Materi                                Waktu Pelaksanaan                                 Keterangan
   Meeting                     Material                             Implementation Time                                Description
 Rapat            Hal-hal aktual yang berkaitan           Setiap 1 minggu sekali (sesuai             1.   Penyampaian materi Rapat disampaikan
 Mingguan         dengan pekerjaan rutin Unit Kerja       Keputusan     Direksi  No.     197/             oleh unit kerja terkait kepada Corporate
 Weekly           Kantor Pusat, Cabang, Proyek, Anak      KPTS/2011      tentang   Pedoman                Secretary and CAO.
 Meeting          Perusahaan.                             Pelaksanaan Rapat Direksi PT Jasa          2.   Kompilasi     materi    Rapat   tersebut
                  Current    matters    related   to      Marga (Persero) Tbk).                           disampaikan oleh Corporate Secretary
                  the routine work of the Head            Once a week (per Board of Directors             and CAO kepada Direksi.
                  Office, Branches, Projects, and         Decree No. 197/KPTS/2011 on                1.   The meeting materials are submitted by
                  Subsidiaries.                           Guidelines for Conducting Board                 the relevant work unit to the Corporate
                                                          Meetings of PT Jasa Marga                       Secretary and CAO.
                                                          (Persero) Tbk).                            2.   The compilation of the meeting materials
                                                                                                          is submitted by the Corporate Secretary
                                                                                                          and CAO to the Board of Directors.

 Rapat            •    Realisasi RKAP.                    Setiap 3 bulan sekali pada Rapat           Penyampaian materi Rapat disampaikan oleh
 Triwulanan       •    Evaluasi Kerja.                    Mingguan pertama bulan yang                unit kerja terkait kepada Corporate Secretary
 Quarterly        •    Laporan Manajemen                  bersangkutan.                              & CAO.
 Meeting               (Triwulanan).                      Every three months, on the first           The presentation of materials for the meeting
                  •    RKAP Implementation.               Weekly Meeting of the respective           is delivered by the relevant work units to the
                  •    Work Evaluation.                   month.                                     Corporate Secretary & CAO.
                  •    Management Report (Quarterly).

 Rapat            •    Realisasi RKAP pada Semester       Setiap 6 bulan sekali pada Rapat           Penyampaian materi Rapat disampaikan oleh
 Semesteran            yang bersangkutan.                 Mingguan pertama bulan yang                unit kerja terkait kepada Corporate Secretary
 Biannual         •    Evaluasi Kerja.                    bersangkutan.                              & CAO.
 Meeting          •    Evaluasi KPI.                      Every six months, on the first Weekly      The presentation of materials for the meeting
                  •    Laporan Manajemen                  Meeting of the respective month.           is delivered by the relevant work units to the
                       (Semesteran).                                                                 Corporate Secretary & CAO.
                  •    RKAP Implementation for the
                       respective semester.
                  •    Work Evaluation.
                  •    KPI Evaluation.
                  •    Management Report (Semi-
                       Annual).

 Rapat            •    Laporan Realisasi RKAP pada        Setiap 1 tahun pada Rapat Mingguan         Penyampaian materi Rapat disampaikan oleh
 Tahunan               Tahun tersebut.                    pertama bulan Desember.                    unit kerja terkait kepada Corporate Secretary
 Annual           •    Laporan Evaluasi Tahunan KPI.      Once a year, at the first Weekly           & CAO.
 Meeting          •    Laporan Manajemen (Tahunan).       Meeting of December.                       The presentation of materials for the meeting
                  •    Evaluasi Kerja.                                                               is delivered by the relevant work units to the
                  •    RKAP Implementation for the                                                   Corporate Secretary & CAO.
                       year.
                  •    Annual KPI Evaluation Report.
                  •    Annual Management Report.
                  •    Work Evaluation.


Adapun daftar agenda rapat Direksi tahun 2025, di antaranya                 The list of the Board of Directors’ meeting agenda for 2025
sebagai berikut:                                                            includes the following:
1. Perjanjian Pengusahaan Jalan Tol.                                        1. Toll Road Concession Agreement.
2. Risk Awareness Survey 2025.                                              2. Risk Awareness Survey 2025.
3. Program Budaya Manajemen Risiko 2025.                                    3. Risk Management Culture Programme 2025.
4. Pengusahaan Jalan Tol.                                                   4. Toll Road Concession.
5. Pemeringkatan Tahun 2025.                                                5. 2025 Rating.
6. Divestasi Saham di Anak Perusahaan.                                      6. Divestment of Shares in Subsidiaries.
7. Penyesuaian Kriteria Klasifikasi Risiko serta Penetapan                  7. Adjustment of Risk Classification Criteria and
   Kategori dan Klasifikasi Anak Perusahaan berdasarkan                         Determination of Categories and Classification of
   Self-Assessment Terhadap Peraturan Menteri (Permen)                          Subsidiaries based on Self-Assessment of Ministerial
   BUMN No. PER-2/MBU/03/2023 Tentang Pedoman Tata                              Regulation (Permen) BUMN No. PER-2/MBU/03/2023
   Kelola dan Kegiatan Korporasi Signifikan BUMN                                concerning Guidelines for Governance and Significant
                                                                                Corporate Activities of BUMN
8. Sistem Manajemen Kelangsungan Usaha.                                     8. Business Continuity Management System.
9. Rekrutmen Tahun 2025 (Talent Acquisition).                               9. Recruitment in 2025 (Talent Acquisition).
10. Perancangan Desain Internal Control over Financial                      10. Design of Internal Control over Financial Reporting
    Reporting (ICOFR).                                                          (ICOFR).
11. Motivational Reward (Insentif Kinerja) Tahun 2024.                      11. Motivational Reward (Performance Incentive) for 2024.



PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                            587
Page 588
01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




12. Refinancing Kredit Investasi.                                   12. Refinancing of Investment Loans.
13. Jasa Marga Performance Management (JMPM) dan                    13. Jasa Marga Performance Management (JMPM) and
    Jasa Marga Performance Development (JMPD) Tahun                     Jasa Marga Performance Development (JMPD) for 2024.
    Buku 2024.
14. Usulan Remunerasi Anak Perusahaan/Cucu Perusahaan/              14. Proposed      Remuneration      for   Subsidiaries/Grand
    Entitas Asosiasi.                                                   Subsidiaries/Associated Entities.
15. Usulan Kenaikan Berkala (Fine Tuning) 2025.                     15. Proposed Periodic Increase (Fine Tuning) 2025.
16. Pemberian Potongan Tarif Tol.                                   16. Granting of Toll Discounts.
17. Pengendalian Anggaran.                                          17. Budget Control.
18. Bridging Loan untuk Anak Perusahaan.                            18. Bridging Loan for Subsidiaries.
19. Kajian Penerbitan Obligasi.                                     19. Bond Issuance Review.
20. Kajian Potensi Refinancing.                                     20. Refinancing Potential Review.
21. Rencana Proyek Pengembangan Akses Tol.                          21. Toll Access Development Project Plan.
22. Benchmark Terkait Teknologi Konstruksi, Operasi,                22. Benchmarks Related to Construction Technology,
    Preservasi dan Intelligent Transportation System (ITS).             Operations, Preservation and Intelligent Transportation
                                                                        System (ITS).
23. Rencana Aksi Korporasi.                                         23. Corporate Action Plan.
24. Stress Test Contingency Plan Tahun 2025.                        24. Stress Test Contingency Plan for 2025.
25. Rencana Konsolidasi Laporan Keuangan Jasa Marga.                25. Plan for Consolidation of Jasa Marga Financial
                                                                        Statements.
26. Usulan Penggunaan Laba Bersih Tahun Buku 2024                   26. Proposed Use of Net Profit for Fiscal Year 2024
    PT Jasamarga Kualanamu Tol (JMKT).                                  PT Jasamarga Kualanamu Toll (JMKT).
27. Penyelenggaraan dan Pengelolaan Daycare di                      27. Operation and Management of Daycare at Jasa Marga
    Lingkungan Kantor Pusat Jasa Marga.                                 Headquarters.
28. Penyesuaian Brand Guidelines PT Jasa Marga (Persero)            28. Adjustment of Brand Guidelines for PT Jasa Marga
    Tbk.                                                                (Persero) Tbk.
29. Prognosa 2025.                                                  29. 2025 Forecast.
30. Rapat Kinerja pada Tahun 2025.                                  30. Performance Meeting in 2025.
31. Revisi RKAP 2025.                                               31. Revision of the 2025 RKAP.
32. Dana Pensiun Jasa Marga.                                        32. Jasa Marga Pension Fund.
33. Pengembangan Jasa Marga Tollroad Command Center                 33. Development of the Jasa Marga Tollroad Command
    (JMTC).                                                             Centre (JMTC).
34. Sistem Transaksi Tol Nontunai Nirsentuh Berbasis Multi-         34. Multi-Lane Free Flow (MLFF) Non-Cash Contactless Toll
    Lane Free Flow (MLFF).                                              Transaction System.
35. Rencana Integrasi WIM – RFID.                                   35. WIM – RFID Integration Plan.
36. Partisipasi dalam Konferensi dan Kompetisi Inovasi              36. Participation in International Innovation Conferences
    Internasional.                                                      and Competitions.
37. Laporan Kinerja 2025.                                           37. 2025 Performance Report.
38. Pemenuhan Standar Pelayanan Minimal (“SPM”) Jalan               38. Fulfilment of Minimum Service Standards (‘SPM’) for Toll
    Tol.                                                                Roads.
39. Strategi Risiko 2026.                                           39. 2026 Risk Strategy.
40. Usulan RKAP 2026.                                               40. 2026 RKAP Proposal.
41. Profil Risiko RKAP 2026.                                        41. 2026 RKAP Risk Profile.
42. Tinjauan Manajemen atas Laporan Fungsi Kepatuhan                42. Management Review of the 2025 Anti-Bribery
    Anti Penyuapan (FKAP) 2025.                                         Compliance Function Report (FKAP).
43. Risk Maturity Index (RMI) Tahun Buku 2024 dan                   43. Risk Maturity Index (RMI) for the 2024 Financial Year and
    Roadmap Manajemen Risiko 2025-2029.                                 Risk Management Roadmap for 2025-2029.
44. Rapat Umum Pemegang Saham.                                      44. General Meeting of Shareholders.
45. Laporan Tahunan Tahun Buku 2025.                                45. Annual Report for the 2025 Financial Year.
46. Budaya Kerja Perusahaan.                                        46. Corporate Work Culture.
47. Whistleblowing System (WBS).                                    47. Whistleblowing System (WBS).
48. Tata Kelola Terintegrasi.                                       48. Integrated Governance.
49. Aplikasi Travoy.                                                49. Travoy Application.
50. Perkara Penting yang Dihadapi Jasa Marga.                       50. Important Issues Faced by Jasa Marga.
51. Proses Bisnis Investasi Jalan Tol.                              51. Toll Road Investment Business Process.
52. Immersive Learning Experience Program.                          52. Immersive Learning Experience Programme.
53. Partisipasi Sumbangan Bantuan Bencana Alam Banjir               53. Participation in Donations for Natural Disaster Relief for
    dan Longsor Wilayah Sumatera.                                       Floods and Landslides in the Sumatra Region.
54. Apel Terpadu Jasa Marga Siaga Operasional.                      54. Jasa Marga Integrated Operational Readiness Roll Call.
55. Penataan Organisasi dalam Rangka Penyesuaian                    55. Organisational Restructuring in the Context of Post-
    Direktorat Pasca RUPS Luar Biasa.                                   Extraordinary GMS Directorate Adjustments.
56. Contingency Plan 2026.                                          56. Contingency Plan 2026.
57. IT Steering Committee.                                          57. IT Steering Committee.




588                                                                      Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 589
06                                07                                      08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




Realisasi Rapat Direksi Tahun 2025                                          Board of Directors Meeting Realization in 2025

Sepanjang tahun 2025, Direksi Jasa Marga telah                              Throughout 2025, the Board of Directors of Jasa Marga held
menyelenggarakan rapat sebanyak 48 (empat puluh                             48 (forty eight) meetings, with the following attendance
delapan) kali, dengan tingkat kehadiran sebagai berikut:                    rates:

Tabel Kehadiran Anggota Direksi Pada Rapat Direksi Tahun 2025
Table of Board of Directors Members’ Attendance at the 2025 Board of Directors Meetings

                              Jumlah Rapat Dalam         Jumlah Rapat yang        Jumlah Rapat yang              Persentase
                                    Setahun                Wajib Dihadiri              Dihadiri                  Kehadiran    Rata-Rata
                                Total Meetings in         Total Mandatory           Total Attended               Attendance    Average
                                    One Year                 Meetings                 Meetings                   Percentage
 Rivan A. Purwantono*                                                34                     33                         97%

 Pramitha Wulanjani                                                  48                     48                         100%

 Fitri Wiyanti                                                       48                     48                         100%

 Reza Febriano                                                       48                     44                         92%

 Yoga Tri Anggoro*                                                   34                     34                         100%
                                        48                                                                                      99%
 Ari Respati***                                                      2                       2                         100%

 Yaya Ruhiya***                                                      2                       2                         100%

 Subakti Syukur**                                                    14                     14                         100%

 Bagus Cahya Arinta B.**                                             14                     14                         100%

 M. Agus Setiawan****                                                46                     46                         100%
 Keterangan/Notes:
 *    Menjabat sejak 7 Mei 2025/Appointed since May 7, 2025
 ** Menjabat sampai 7 Mei 2025/Serving until May 7, 2025
 *** Menjabat sejak 17 Desember 2025/Appointed since December 17, 2025
 **** Menjabat sampai 17 Desember 2025/Serving until December 17, 2025




Rapat Gabungan Dewan Komisaris dan                                          Joint Board of Commissioners and Board
Direksi                                                                     of Directors Meetings
Sebagaimana diatur dalam Anggaran Dasar Perseroan,                          As stipulated in the Company’s Articles of Association, the
Dewan Komisaris dan Direksi wajib melaksanakan Rapat                        Board of Commissioners and the Board of Directors are
Gabungan atau Rapat Koordinasi. Rapat Dewan Komisaris                       required to hold Joint Meetings or Coordination Meetings.
dan Direksi wajib dilaksanakan oleh Dewan Komisaris secara                  Meetings of the Board of Commissioners and the Board of
berkala paling kurang 1 (satu) kali dalam 4 (empat) bulan.                  Directors must be held by the Board of Commissioners at
                                                                            least once every 4 (four) months.

Dalam dinamikanya, Rapat Koordinasi juga dapat dilakukan                    In practice, Coordination Meetings may also be held at
atas usulan Direksi dengan menyampaikan agenda                              the suggestion of the Board of Directors, with the agenda
yang akan dibahas. Terkait Rapat Gabungan atau Rapat                        to be discussed submitted in advance. Joint Meetings or
Koordinasi diatur dalam Peraturan Otoritas Jasa Keuangan                    Coordination Meetings are regulated in the Financial Services
No. 33/POJK.04/2014 Tentang Direksi dan Dewan Komisaris                     Authority Regulation No. 33/POJK.04/2014 on the Board of
Emiten atau Perusahaan Publik menjelaskan mengenai rapat                    Directors and Board of Commissioners of Issuers or Public
gabungan antara Dewan Komisaris dan Direksi, di mana rapat                  Companies, which explains joint meetings between the Board
gabungan wajib dilakukan sekurang-kurangnya 1 (satu) kali                   of Commissioners and the Board of Directors, whereby joint
dalam 4 (empat) bulan.                                                      meetings must be held at least once every 4 (four) months.

Sepanjang tahun 2025, Dewan Komisaris dan Direksi                           Throughout 2025, the Board of Commissioners and Board
Perseroan mengadakan rapat bersama sebanyak 11                              of Directors of the Company held joint meetings 11 (eleven)
(sebelas) kali dengan agenda sebagai berikut:                               times with the following agenda:
1. Audit Laporan Keuangan Konsolidasian oleh Kantor                         1. Audit of Consolidated Financial Statements by Public
    Akuntan Publik.                                                             Accounting Firm.
2. Laporan Manajemen 2024.                                                  2. 2024 Management Report.
3. Pengusahaan Jalan Tol.                                                   3. Toll Road Operations.
4. Tindak Lanjut Hasil Audit Intern 2024.                                   4. Follow-up on 2024 Internal Audit Results.
5. Kesiapan Jasa Marga Menghadapi Idulfitri 2025.                           5. Jasa Marga's Readiness for Eid al-Fitr 2025.
6. Diskon Tarif Tol.                                                        6. Toll Rate Discounts.
7. Kinerja Bulanan.                                                         7. Monthly Performance.
8. Kinerja Triwulanan.                                                      8. Quarterly Performance.
9. Kinerja Semesteran.                                                      9. Semi-annual Performance.
10. Rapat Umum Pemegang Saham.                                              10. General Meeting of Shareholders.


PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                   589
Page 590
01                                 02                         03                       04                                          05
Ikhtisar Kinerja Utama             Laporan Manajemen          Profil Perusahaan         Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report          Company Profile           Management Discussion and Analysis          Business Support Functions




11. Diagnostic ICOFR.                                                            11. ICOFR Diagnostic.
12. Peringkat Komposit Risiko 2024.                                              12. 2024 Composite Risk Rating.
13. Revisi RKAP 2025.                                                            13. Revision of the 2025 RKAP.
14. Penerbitan Obligasi.                                                         14. Bond Issuance.
15. Hasil Self-Assessment Tata Kelola Terintegrasi.                              15. Integrated Governance Self-Assessment Results.
16. RKAP 2026.                                                                   16. 2026 Business Plan.
17. Kesiapan Jasa Marga Menghadapi Natal 2025 dan Tahun                          17. Jasa Marga's Readiness for Christmas 2025 and New
    Baru 2026.                                                                       Year 2026.
18. Key Performance Indicator (KPI) RKAP 2026.                                   18. 2026 Business Plan Key Performance Indicators (KPIs).

Adapun tingkat kehadiran masing-masing anggota Dewan                             The attendance rate of each member of the Board of
Komisaris dan anggota Direksi dalam Rapat Gabungan,                              Commissioners and Board of Directors in Joint Meetings are
dapat dilihat pada tabel berikut:                                                available in the following table:

Tabel Kehadiran Anggota Dewan Komisaris dan Anggota Direksi pada Rapat Gabungan Tahun 2025
Table of Board of Commissioners and Board of Directors Members’ Attendance at the 2025 Joint Meetings

                                                                          Jumlah Rapat
                                                        Jumlah Rapat                           Jumlah Rapat           Persentase
                                                                           yang Wajib
                                                       Dalam Setahun                           yang Dihadiri          Kehadiran             Rata-Rata
                                                                             Dihadiri
                                                       Total Meetings                          Total Attended         Attendance             Average
                                                                         Total Mandatory
                                                         in One Year                             Meetings             Percentage
                                                                            Meetings
 Dewan                  Juri Ardiantoro*                                          8                   8                     100%
 Komisaris
                        Syamsul Bachri Yusuf*                                     8                   8                     100%
 Board of
 Commissioners          Asrorun Ni’am Sholeh*                                     8                   7                     88%

                        Nachrowi Ramli*                                           8                   8                     100%

                        Rudi Antariksawan *                                       8                   7                     88%

                        Tedi Kurniawan***                                         1                    1                    100%

                        Mohammad Zainal
                                                                                  3                   3                     100%
                        Fatah**

                        Marsetio**                                                3                   3                     100%

                        Chandra Wijaya**                                          3                   3                     100%

                        Abdul Rachman**                                           3                   3                     100%

                        M. Roskanedi**                                            3                   3                     100%
                                                             11                                                                                98%
                        Raja Erizman**                                            3                   3                     100%

                        Seppalga Ahmad*****                                      10                   9                     90%

 Direksi                Rivan A. Purwantono*                                      8                   7                     88%
 Board of
                        Pramitha Wulanjani                                        11                  11                    100%
 Directors
                        Fitri Wiyanti                                             11                  11                    100%

                        Reza Febriano                                             11                  10                    91%

                        Yoga Tri Anggoro*                                         8                   8                     100%

                        Ari Respati***                                            1                    1                    100%

                        Yaya Ruhiya***                                            1                    1                    100%

                        Subakti Syukur**                                          3                   3                     100%

                        Bagus Cahya Arinta B.**                                   3                   3                     100%

                        M. Agus Setiawan****                                     10                   10                    100%
 Keterangan/Notes:
 *     Menjabat sejak 7 Mei 2025/Appointed since May 7, 2025
 **    Menjabat sampai 7 Mei 2025/Serving until May 7, 2025
 ***   Menjabat sejak 17 Desember 2025/Appointed since December 17, 2025
 **** Menjabat sampai 17 Desember 2025/Serving until December 17, 2025
 ***** Menjabat sampai 12 November 2025/Serving until November 12, 2025




590                                                                                    Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 591
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Nominasi dan Remunerasi
bagi Dewan Komisaris dan Direksi
Nomination and Remuneration for the Board of Commissioners
and Board of Directors
Nominasi Dewan Komisaris dan Direksi Perseroan, mengacu               The nomination of the Board of Commissioners and Board of
pada Peraturan Menteri BUMN No. PER-3/MBU/03/2023                     Directors refers to the Minister of SOE Regulation No. PER-
tanggal 3 Maret 2023 tentang Organ dan Sumber Daya                    3/MBU/03/2023 dated March 3, 2023, on the Organization
Manusia Badan Usaha Milik Negara. Nominasi Dewan                      and Human Resources of State-Owned Enterprises. The
Komisaris dan Direksi, dilaksanakan melalui proses                    nomination of the Board of Commissioners and Directors
penetapan bakal calon Dewan Komisaris dan Direksi, yang               is carried out through a process of determining candidates
diusulkan melalui Dewan Komisaris yang dibantu oleh Komite            for the Board of Commissioners and Directors, which the
Nominasi dan Remunerasi. Setiap bakal calon merupakan                 Board of Commissioners proposes with the assistance
seorang yang telah dinyatakan memenuhi persyaratan                    of the Nomination and Remuneration Committee. Each
formal, persyaratan materiil, maupun persyaratan lainnya,             candidate is a person who has been declared to meet the
termasuk telah lulus Uji Kelayakan dan Kepatutan (UKK).               formal requirements, material requirements, and other
Penetapan Dewan Komisaris dan Direksi dilakukan oleh                  requirements, including passing the Fit and Proper Test
Pemegang Saham melalui Keputusan RUPS.                                (UKK). The Board of Commissioners and Directors are
                                                                      appointed by the Shareholders through a GMS Resolution.

Dalam menentukan remunerasi bagi Dewan Komisaris dan                  In determining the remuneration for the Board of
Direksi, Perseroan mengacu pada Peraturan Menteri BUMN                Commissioners and Board of Directors, the Company refers
No. PER-3/MBU/03/2023 tanggal 3 Maret 2023 tentang                    to the Minister of SOE Regulation No. PER-3/MBU/03/2023
Organ dan Sumber Daya Manusia Badan Usaha Milik Negara.               dated March 3, 2023, on Organs and Human Resources of
                                                                      State-Owned Enterprises.


Prosedur Penetapan Remunerasi                                         Procedures for Determining Remuneration
Komisaris dan Direksi                                                 for Board of Commissioners and Board of
                                                                      Directors

Penetapan remunerasi Dewan Komisaris dan Direksi                      The determination of remuneration for the Board of
Perseroan telah mengikuti aturan yang berlaku, dengan                 Commissioners and Directors of the Company has
memperhatikan dan mempertimbangkan hasil kajian yang                  followed the applicable regulations, taking into account
dilakukan oleh Komite Nominasi, Remunerasi dan Risiko,                and considering the results of the review conducted by
kemudian diusulkan kepada Kepala BP BUMN selaku                       the Nomination, Remuneration and Risk Committee, then
Pemegang Saham Seri A Dwiwarna, untuk selanjutnya                     proposed to the Head of BP BUMN as the Dual Class A
disetujui dan diusulkan untuk mendapatkan penetapan dan/              Shareholder, to be further approved and proposed for
atau persetujuan RUPS Tahunan. Sedangkan untuk besaran                determination and/or approval by the Annual General
gaji dan honorarium serta tunjangan lainnya untuk anggota             Meeting of Shareholders. As for the amount of salaries,
Direksi dan Dewan Komisaris pada tahun 2025, Dewan                    honoraria and other allowances for members of the Board of
Komisaris mengusulkan agar Dewan Komisaris diberikan                  Directors and Board of Commissioners in 2025, the Board of
wewenang dan kuasa RUPS dengan terlebih dahulu                        Commissioners proposes that the Board of Commissioners
mendapatkan persetujuan dari Pemegang Saham Seri A                    be given the authority and power of the GMS, after first
Dwiwarna.                                                             obtaining approval from the Series A Dwiwarna Shareholder.

Dewan Komisaris menyampaikan surat kepada Menteri                     The Board of Commissioners submitted a letter to the
BUMN selaku Pemegang Saham Seri A Dwiwarna melalui                    Minister of State-Owned Enterprises as the holder of the
Surat Dewan Komisaris PT Jasa Marga (Persero) Tbk Nomor               Series A Dwiwarna shares through Letter of the Board of
056/IV/2025 tanggal 22 April 2025. Selanjutnya Pemegang               Commissioners of PT Jasa Marga (Persero) Tbk Number
Saham Seri A Dwiwarna memberikan surat jawaban atas                   056/IV/2025 dated April 22, 2025. Subsequently, the holder
usulan Dewan Komisaris.                                               of the Series A Dwiwarna shares provided a response letter
                                                                      to the proposal of the Board of Commissioners.

Dewan Komisaris, sebagaimana surat dari Pemegang                      The Board of Commissioners, as stated in the letter from
Saham Seri A Dwiwarna, menetapkan Keputusan Dewan                     the holder of the Series A Dwiwarna shares, stipulated the
Komisaris PT Jasa Marga (Persero) Tbk tentang Penetapan               Resolution of the Board of Commissioners of PT Jasa Marga
Gaji/Honorarium, Tunjangan dan Fasilitas Tahun 2025 serta             (Persero) Tbk regarding the Determination of Salaries/




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                          591
Page 592
01                                   02                     03                        04                                          05
Ikhtisar Kinerja Utama               Laporan Manajemen      Profil Perusahaan          Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights           Management Report      Company Profile            Management Discussion and Analysis          Business Support Functions




Tantiem/Insentif Kinerja Tahun Buku 2024 Bagi Direksi dan                      Honoraria, Allowances, and Facilities for 2025, as well as
Dewan Komisaris PT Jasa Marga (Persero) Tbk.                                   Tantiem/Performance Incentives for the 2024 Financial Year
                                                                               for the Board of Directors and the Board of Commissioners
                                                                               of PT Jasa Marga (Persero) Tbk.


                                        Bagan Prosedur Penetapan Remunerasi Dewan Komisaris dan Direksi
                          Remuneration Determination Procedure for the Board of Commissioners and Board of Directors


                                                                                                                Menteri BUMN sebagai Pemegang
                 Dewan Komisaris                          Rapat Umum Pemegang Saham (RUPS)                            Saham SERI A Dwiwarna
              Board of Commissioners                      General Meeting of Shareholders (GMS)                Minister of SOEs as Dwiwarna Series A
                                                                                                                            Shareholder



           Dengan dibantu Komite, Dewan                     Mempelajari usulan yang diajukan                    Menyetujui usulan tantiem dan gaji,
          Komisaris melakukan kajian atas                  Pemegang Saham Seri A Dwiwarna.                       tunjangan bagi Direksi dan Dewan
          penggunaan laba bersih dan gaji/                Examine recommendation proposed by                                  Komisaris.
        honorarium, tunjangan dan fasilitas                  Series A Dwiwarna Shareholder.                   Approve recommendation on reward and
          bagi anggota Direksi dan Dewan                                                                       salary, allowances for Board of Director
                      Komisaris.                                                                                    and Board of Commissioners.
          Supported by the Committee, the
       Board of Commissioners has reviewed               Memberikan penempatan penggunaan
        untilization of net income and salary/                 Laba Bersih dan memberikan
         honorarium, allowance and facilities             wewenang dan kuasa kepada Dewan
       for the Board of Directors and Board of              Komisaris dengan terlebih dahulu
                    Commissioners.                        mendapatkan persetujuan Pemegang
                                                          Saham Seri A Dwiwarna menetapkan                     Keputusan Dewan Komisaris tentang
                                                          besarnya tantiem dan gaji, tunjangan                 Tantiem dan Remunerasi bagi Direksi
                                                            bagi Direksi dan Dewan Komisaris                      dan Anggota Dewan Komisaris.
                                                             sesuai ketentuan yang berlaku.                     Board of Commissioners Decree on
                                                            Provide stipulation on utilization of              Reward and Remuneration for Board of
                                                            Net Income and grant authority and                 Directors and Board of Commissioners
                                                          attorney to the Board of Commissioner                              members.
        Mengusulkan ke Kementrian BUMN
                                                            after advance approval from Series
         selaku Pemegang Saham Seri A
                                                           A Dwiwarna Shareholder to stipulate
                    Dwiwarna.
                                                         amount of reward and salary, allowances
        Submitted suggestin to the Minister
                                                          for the Board of Director and Board of
          of SOEs as Series A Dwiwarna
                                                          Commissioners according to prevailing
                   Shareholder.
                                                                        regulation.




Struktur Remunerasi Dewan Komisaris                                            Board of Commissioners and Board of
dan Direksi                                                                    Directors Remuneration Structure
Komponen remunerasi Dewan Komisaris dan Direksi terdiri                        The remuneration components for the Board of
dari:                                                                          Commissioners and Board of Directors consist of:
1. Honorarium;                                                                 1. Honoraria;
2. Tunjangan;                                                                  2. Allowances;
3. Fasilitas;                                                                  3. Facilities;
4. Tantiem/Insentif Kinerja/Insentif Khusus; dan                               4. Bonuses/Performance Incentives/Special Incentives; and
5. Insentif Jangka Panjang (Long Term Incentive).                              5. Long Term Incentives.

Tabel Struktur Remunerasi Dewan Komisaris dan Direksi
Table of Board of Commissioners and Board of Directors Remuneration Structure


                         Komponen                                                                    Besaran
                        Components                                                                   Amount
  1.     Honorarium/Gaji
         Honorarium/Salary
         a.   Komisaris Utama                            45% dari Gaji Direktur Utama
              President Commissioner                     45% of the President Director’s Salary
         b.   Wakil Komisaris Utama                      42,5% dari Gaji Direktur Utama
              Deputy President Commissioner              42.5% of the President Director’s Salary
         c.   Anggota Dewan Komisaris                    90% dari Honorarium Komisaris Utama
              Board of Commissioner Members              90% of the President Commissioner’s Honorarium
         d.   Direktur Utama                             Rp331.000.000,- per bulan
              President Director                         Rp331.000.000,- per month
         e.   Anggota Direksi lainnya                    85% dari Gaji Direktur Utama
              Other Board of Directors Members           85% of the President Director’s Salary
  2.     Tunjangan
         Allowance
         a.   Hari Raya Keagamaan                        1 (satu) kali gaji
              Religious Holiday                          One salary



592                                                                                  Laporan Tahunan 2025 Annual Report       PT Jasa Marga (Persero) Tbk
Page 593
06                                   07                                         08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




Tabel Struktur Remunerasi Dewan Komisaris dan Direksi
Table of Board of Commissioners and Board of Directors Remuneration Structure


                       Komponen                                                                          Besaran
                      Components                                                                         Amount
       b.   Transportasi (hanya Dewan Komisaris)            20% dari honorarium per bulan
            Transportation (Board of Commissioners only)    20% of the monthly honorarium
       c.   Asuransi Purna Jabatan                          Premi yang ditanggung Perseroan sebesar maksimal 25% dari gaji dalam 1 tahun
            Retirement Insurance                            The premium borne by the Company is a maximum of 25% of the salary in a year.
       d.   Perumahan (hanya Direksi)                       Rp27.500.000,- per bulan
            Housing (Board of Directors only)               Rp27,500,000,- per month
  3.   Fasilitas
       Facilities
       a.   Kendaraan (hanya Direksi)                       1 (satu) unit beserta biaya pemeliharaan dan biaya operasional, dengan memperhatikan kondisi
            Vehicle (Board of Directors only)               keuangan Perseroan
                                                            1 (one) unit, along with maintenance and operational costs, considering the Company's financial
                                                            condition
       b.   Kesehatan                                       Dalam bentuk asuransi kesehatan atau penggantian biaya pengobatan (sebesar pemakaian/at cost)
            Health                                          In the form of health insurance or reimbursement of medical expenses (at cost)
       c.   Bantuan Hukum                                   Sebesar pemakaian
            Legal Assistance                                At cost
  4.   Tantiem/Insentif Kinerja/Insentif Khusus Tantiem
       Bonuses/Performance Incentives/Special Incentives
       a.   Komisaris Utama                                 45% dari Tantiem Direktur Utama
            President Commissioner                          45% of the President Director’s Bonus
       b.   Wakil Komisaris Utama                           42,5% dari Gaji Direktur Utama
            Deputy President Commissioner                   42.5% of the President Director’s Salary
       c.   Anggota Dewan Komisaris                         90% dari Tantiem Komisaris Utama
            Board of Commissioners Member                   90% of the President Commissioner’s Bonus
       d.   Direktur Utama
                                                            100%
            President Director
       e.   Anggota Direksi                                 85% dari Tantiem Direktur Utama
            Board of Directors Member                       85% of the President Director’s Bonus
  5.   Insentif Jangka Panjang
       Long-Term Incentive




Indikator Penetapan Remunerasi                                                    Remuneration Determination Indicators
Dengan memperhatikan faktor skala dan kompleksitas usaha                          By taking into account factors such as the scale and
industri yang sejenis, tingkat inflasi, kinerja Perusahaan                        complexity of similar industrial businesses, the inflation rate,
serta kemampuan keuangan Perseroan maka Perseroan                                 the Company’s performance, and its financial capacity, the
mengusulkan besaran gaji Direktur Utama. Gaji, honorarium,                        Company proposes the amount of salary for the President
dan tunjangan lainnya bagi anggota Direksi lainnya & Dewan                        Director. Salaries, honoraria, and other allowances for
Komisaris sesuai dengan ketentuan dalam Peraturan Menteri                         other members of the Board of Directors and the Board
BUMN Nomor: PER-3/MBU/03/2023 tanggal 20 Maret 2023                               of Commissioners are determined in accordance with the
tentang Organ dan Sumber Daya Manusia Badan Usaha                                 provisions set forth in the Regulation of the Minister of
Milik Negara.                                                                     State-Owned Enterprises Number: PER-3/MBU/03/2023
                                                                                  dated March 20, 2023, concerning the Organs and Human
                                                                                  Resources of State-Owned Enterprises.

Usulan besarnya tantiem bagi Dewan Komisaris dan Direksi                          The proposed amount of tantiem for the Board of
tahun buku 2024 mempertimbangkan pencapaian kinerja                               Commissioners and the Board of Directors for the 2024
Perseroan selama tahun 2024. Sejalan dengan peningkatan                           financial year takes into consideration the Company’s
volume lalu lintas, penyesuaian tarif, serta keberhasilan                         performance achievements throughout 2024. In line
Perseroan dalam mengendalikan beban usaha dan beban                               with the increase in traffic volume, tariff adjustments, as
bunga selama tahun 2024, Perseroan mencatatkan Laba                               well as the Company’s success in controlling operating
diatribusikan induk di tahun 2024 sebesar Rp4.535 miliar                          expenses and interest expenses during 2024, the Company
dengan laba core sebesar Rp3.701 miliar atau meningkat                            recorded profit attributable to the parent entity in 2024
36% dibandingkan tahun 2023. Perseroan berhasil mencapai                          amounting to IDR 4,535 billion, with core profit of IDR 3,701
pendapatan usaha di luar konstruksi sebesar Rp18.728                              billion, representing a 36% increase compared to 2023.
miliar atau tumbuh 20,3% dibandingkan tahun 2023. Melalui                         The Company successfully achieved operating revenue
PT Jasamarga Transjawa Tol, telah dilakukan pengalihan                            excluding construction of IDR 18,728 billion, or a growth of
hak kepemilikan atas seluruh saham milik Kontrak Investasi                        20.3% compared to 2023. Through PT Jasamarga Transjawa
Kolektif Dana Investasi Infrastruktur (KIK DINFRA) pada                           Tol, the transfer of ownership rights over all shares owned
PT Trans Optima Luhur. Perseroan berhasil melaksanakan                            by the Collective Investment Contract for Infrastructure
aksi korporasi Equity Financing PT Jasamarga Transjawa                            Investment Fund (KIK DINFRA) in PT Trans Optima Luhur
Tol yang merupakan salah satu dari 88 program strategis                           has been completed. The Company successfully carried


PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                                593
Page 594
01                                 02                        03                      04                                           05
Ikhtisar Kinerja Utama             Laporan Manajemen         Profil Perusahaan        Analisa dan Pembahasan Manajemen             Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report         Company Profile          Management Discussion and Analysis           Business Support Functions




Kementerian BUMN. Perseroan berhasil menambah panjang                           out the equity financing corporate action of PT Jasamarga
jalan tol operasi sepanjang 22,3 km pada ruas jalan tol                         Transjawa Tol, which is one of the 88 strategic programs of
Solo-Yogyakarta-NYIA Kulon Progo. Pencapaian kinerja                            the Ministry of State-Owned Enterprises. The Company also
Anak Perusahaan prosektif (non tol) PT Jasamarga Tollroad                       successfully increased the length of operational toll roads
Operator (JMTO), PT Jasamarga Tollroad Maintenance                              by 22.3 km on the Solo–Yogyakarta–NYIA Kulon Progo toll
(JMTM), dan PT Jasamarga Related Business (JMRB) juga                           road section. The performance achievements of prospective
berhasil membukukan dan meningkatkan pertumbuhan laba                           non-toll subsidiaries—PT Jasamarga Tollroad Operator
usaha yang cukup signifikan.                                                    (JMTO), PT Jasamarga Tollroad Maintenance (JMTM), and
                                                                                PT Jasamarga Related Business (JMRB)—have also shown
                                                                                significant growth in operating profit.


Realisasi Remunerasi Dewan Komisaris dan Direksi pada Tahun 2025
Realization of Board of Commissioners and Board of Directors Remuneration in 2025

Tabel Realisasi Remunerasi Dewan Komisaris Tahun 2025
Table Board of Commissioners Remuneration Realization in 2025


                                                                           Penghasilan
                                                                             Income
         Nama                                                                                                           THR
                                   Jabatan                          Per Tahun                                                               Jumlah
         Name                                                                                                    Religious Holiday
                                   Position                          Per Year                   1 Tahun                                      Total
                                                                                                                     Allowance
                                                            Gaji           Tunjangan             1 Year
                                                           Salary          Allowance
 Juri Ardiantoro*            Komisaris Utama
                                                        1.162.771.025      238.320.000       1.401.091.025                -               1.401.091.025
                             President Commissioner

 Syamsul Bachri              Komisaris
                                                       1.046.493.923       214.488.000       1.260.981.923                -              1.260.981.923
 Yusuf *                     Commissioner

 Nachrowi Ramli*             Komisaris Independen
                             Independent               1.046.493.923       214.488.000       1.260.981.923                -              1.260.981.923
                             Commissioner

 Tedi Kurniawan***           Komisaris Independen
                             Independent                 64.865.327         26.811.000         91.676.327                 -                91.676.327
                             Commissioner

 Rudi Antariksawan*          Komisaris Independen
                             Independent               1.046.493.923       214.488.000       1.260.981.923                -              1.260.981.923
                             Commissioner

 Asrorun Ni’am               Komisaris
                                                       1.046.493.923       214.488.000       1.260.981.923                -              1.260.981.923
 Sholeh*                     Commissioner

 Mohammad Zainal             Komisaris Utama
                                                        624.628.975        148.950.000        773.578.975           148.950.000           922.528.975
 Fatah**                     President Commissioner

 M. Roskanedi**              Komisaris
                                                        562.166.077        134.055.000        696.221.077           134.055.000           830.276.077
                             Commissioner

 Raja Erizman**              Komisaris
                                                        562.166.077        134.055.000        696.221.077           134.055.000           830.276.077
                             Commissioner

 Chandra Wijaya**            Komisaris Independen
                             Independent                562.166.077        134.055.000        696.221.077                 -               696.221.077
                             Commissioner

 Marsetio**                  Komisaris Independen
                             Independent                562.166.077        134.055.000        696.221.077           134.055.000           830.276.077
                             Commissioner

 Seppalga                    Komisaris Independen
 Ahmad****                   Independent                1.474.605.000      294.921.000       1.769.526.000          134.055.000          1.903.581.000
                             Commissioner

 Abdul Rachman**             Komisaris Independen
                             Independent                562.166.077        134.055.000        696.221.077           134.055.000           830.276.077
                             Commissioner

 Total                                                 10.323.676.404 2.237.229.000 12.560.905.404                 819.225.000          13.380.130.404
 Keterangan/Notes:
 *    Menjabat sejak 7 Mei 2025/Appointed since May 7, 2025
 **   Menjabat sampai 7 Mei 2025/Serving until May 7, 2025
 *** Menjabat sejak 17 Desember 2025/Appointed since December 17, 2025
 **** Menjabat sampai 12 November 2025/Serving until November 12, 2025




594                                                                                 Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 595
06                                 07                                         08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




Tabel Realisasi Remunerasi Direksi Tahun 2025
Table Board of Directors Remuneration Realization in 2025


                                                                            Penghasilan
                                                                              Income
         Nama                                                                                                              THR
                                  Jabatan                           Per Tahun                                                                Jumlah
         Name                                                                                                       Religious Holiday
                                  Position                           Per Year                      1 Tahun                                    Total
                                                                                                                        Allowance
                                                            Gaji            Tunjangan               1 Year
                                                           Salary           Allowance
 Rivan A.                 Direktur Utama
                                                       2.583.935.612        220.000.000         2.803.935.612                   -         2.803.935.612
 Purwantono *             President Director

 Reza Febriano            Direktur Bisnis
                                                       3.376.200.000        330.000.000         3.706.200.000              281.350.000    3.987.550.000
                          Director of Business

 Yoga Tri Anggoro*        Direktur Human Capital
                          dan Transformasi
                          Director of Human            2.196.345.270        220.000.000         2.416.345.270                   -         2.416.345.270
                          Capital and
                          Transformation

 Pramitha Wulanjani       Direktur Keuangan dan
                          Manajemen Risiko
                                                       3.376.200.000        330.000.000         3.706.200.000              281.350.000    3.987.550.000
                          Director of Finance
                          and Risk Management

 Fitri Wiyanti            Direktur Operasi *****
                                                       3.376.200.000        330.000.000         3.706.200.000              281.350.000    3.987.550.000
                          Director of Operations

 Yaya Ruhiya***           Direktur Layanan
                                                         136.137.106         27.500.000          163.637.106                    -           163.637.106
                          Director of Services

 Ari Respati***           Direktur Pengembangan
                          Usaha
                                                         136.137.106         27.500.000          163.637.106                    -           163.637.106
                          Director of Business
                          Development

 Subakti Syukur**         Direktur Utama
                                                       1.388.064.388        137.500.000         1.525.564.388          331.000.000        1.856.564.388
                          President Director

 Bagus Cahya Arinta       Direktur Human Capital
 B.**                     dan Transformasi
                          Director of Human             1.179.854.730       137.500.000         1.317.354.730              281.350.000    1.598.704.730
                          Capital and
                          Transformation

 Mohamad Agus             Direktur Pengembangan
 Setiawan****             Usaha
                                                       3.240.062.894        330.000.000         3.570.062.894              281.350.000    3.851.412.894
                          Director of Business
                          Development

 Total                                                 20.989.137.106 2.090.000.000            23.079.137.106         1.737.750.000      24.816.887.106
 Keterangan/Notes:
 *     Menjabat sejak 7 Mei 2025/Appointed since May 7, 2025
 **    Menjabat sampai 7 Mei 2025/Serving until May 7, 2025
 ***   Menjabat sejak 17 Desember 2025/Appointed since December 17, 2025
 **** Menjabat sampai 17 Desember 2025/Serving until December 17, 2025
 ***** Per 7 Mei 2025, nomenklatur berubah menjadi Direktur Operasi dan Layanan, kemudian ditetapkan kembali menjadi Direktur Operasi melalui RUPSLB 17
       Desember 2025/As of May 7,2025, the nomenclature changed to Director of Operations and Services, then reverted to Director of Operations through the
       Extraordinary General Meeting of Shareholders on December 17, 2025.




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                                 595
Page 596
01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Hubungan Dewan Komisaris dan Direksi
Relationship between the Board of Commissioners and
Board of Directors

Dewan Komisaris dan Direksi memiliki perbedaan tugas                The Board of Commissioners and the Board of Directors
dan fungsi, di mana Dewan Komisaris memiliki tugas dan              have different duties and functions, whereby the Board of
fungsi pengawasan dan pemberian nasihat kepada Direksi,             Commissioners has the duty and function of supervising and
sedangkan Direksi memiliki tugas dan fungsi melakukan               advising the Board of Directors, while the Board of Directors
pengelolaan Perseroan.                                              has the duty and function of managing the Company.

Hubungan yang bersifat informal dapat dilakukan oleh                Informal relationships may be established between
masing-masing Anggota Direksi dan Dewan Komisaris,                  individual members of the Board of Directors and the
namun tidak mempunyai kekuatan hukum sebelum                        Board of Commissioners, but these have no legal force
diputuskan melalui mekanisme yang sah sesuai dengan                 until they are decided through a valid mechanism per the
peraturan perundang-undangan dan Anggaran Dasar                     laws and regulations and the Articles of Association. In
Perseroan. Dalam beberapa hal tertentu yang strategis               certain strategic matters relating to assets, loans, equity,
menyangkut aktiva, pinjaman, ekuitas, struktur organisasi           organizational structure, and the appointment of directors
serta penetapan direksi dan komisaris Anak Perusahaan,              and commissioners of Subsidiaries, the Board of Directors
Direksi memerlukan persetujuan Dewan Komisaris secara               requires the formal approval of the Board of Commissioners.
formal. Seluruh tata cara, pedoman kerja dan hubungan               All procedures, work guidelines, and relationships between
antara Direksi dan Dewan Komisaris telah ditetapkan dalam           the Board of Directors and the Board of Commissioners are
Board Manual.                                                       stipulated in the Board Manual.

Pedoman ini mengikat setiap anggota Direksi dan Dewan               These guidelines are binding on all members of the Board of
Komisaris dan mencantumkan antara lain tanggung jawab,              Directors and Board of Commissioners and include, among
kewajiban, wewenang, hak, dan etika Direksi dan Dewan               other things, the responsibilities, obligations, authorities,
Komisaris, serta pengaturan rapat dan tata cara hubungan            rights, and ethics of the Board of Directors and Board of
kerja antara Direksi dan Dewan Komisaris.                           Commissioners, as well as regulations on meetings and
                                                                    procedures for working relationships between the Board of
                                                                    Directors and the Board of Commissioners.




596                                                                     Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 597
06                                  07                                        08
Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Pengungkapan Hubungan Afiliasi
Disclosure of Affiliated Relationship

Antar anggota Dewan Komisaris dan antara anggota                                There are no familial relations up to the third degree
Dewan Komisaris dengan anggota Direksi tidak ada                                between members of the Board of Commissioners and
hubungan keluarga sedarah sampai dengan derajat ketiga,                         between members of the Board of Commissioners and
baik menurut garis lurus maupun garis ke samping atau                           members of the Board of Directors, either in a direct line
hubungan semenda. Hubungan keluarga anggota Dewan                               or in a collateral line, or any other relationship. The family
Komisaris dengan sesama anggota Dewan Komisaris dan/                            relationships of members of the Board of Commissioners
atau anggota Direksi serta Pemegang Saham Utama/                                with fellow members of the Board of Commissioners and/
Pengendali dapat dilihat pada tabel berikut:                                    or members of the Board of Directors and Major/Controlling
                                                                                Shareholders can be seen in the following table:

Tabel Hubungan Keuangan dan Hubungan Keluarga Direksi dan Komisaris
Table of Board of Directors and Board of Commissioners Financial and Familial Affiliations


                                               Hubungan Keuangan dengan                            Hubungan Keuangan dengan
                                                 Financial Affiliation with                          Financial Affiliation with
                                                                                                                                          Kepengurusan
                                                                                                                                           Managerial
                                          Dewan                                             Dewan
                                                           Direksi      Pemegang                              Direksi       Pemegang        Affilitaton
     Nama             Jabatan           Komisaris                                         Komisaris
                                                          Board of       Saham                               Board of        Saham
     Name             Position           Board of                                          Board of
                                                          Directors    Shareholders                          Directors     Shareholders
                                      Commissioners                                     Commissioners

                                       Ya      Tidak    Ya     Tidak   Ya      Tidak     Ya      Tidak     Ya      Tidak    Ya    Tidak    Ya    Tidak
                                       Yes      No      Yes     No     Yes      No       Yes      No       Yes      No      Yes    No      Yes    No


 Juri             Komisaris Utama
 Ardiantoro*      President
                  Commissioner

 Syamsul          Komisaris
 Bachri Yusuf *   Commissioner

 Nachrowi         Komisaris
 Ramli*           Independen
                  Independent
                  Commissioner

 Tedi             Komisaris
 Kurniawan***     Independen
                  Independent
                  Commissioner

 Rudi             Komisaris
 Antariksawan*    Independen
                  Independent
                  Commissioner

 Asrorun Ni’am    Komisaris
 Sholeh*          Commissioner

 Mohammad         Komisaris Utama
 Zainal Fatah**   President
                  Commissioner

 M.               Komisaris
 Roskanedi**      Commissioner

 Raja Erizman**   Komisaris
                  Commissioner

 Chandra          Komisaris
 Wijaya**         Independen
                  Independent
                  Commissioner

 Marsetio**       Komisaris
                  Independen
                  Independent
                  Commissioner

 Seppalga         Komisaris
 Ahmad*****       Independen
                  Independent
                  Commissioner




PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                              597
Page 598
01                                    02                        03                         04                                          05
Ikhtisar Kinerja Utama                Laporan Manajemen         Profil Perusahaan           Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights            Management Report         Company Profile             Management Discussion and Analysis          Business Support Functions




Tabel Hubungan Keuangan dan Hubungan Keluarga Direksi dan Komisaris
Table of Board of Directors and Board of Commissioners Financial and Familial Affiliations


                                                  Hubungan Keuangan dengan                            Hubungan Keuangan dengan
                                                    Financial Affiliation with                          Financial Affiliation with
                                                                                                                                                Kepengurusan
                                                                                                                                                 Managerial
                                              Dewan                                             Dewan
                                                             Direksi       Pemegang                              Direksi         Pemegang         Affilitaton
      Nama              Jabatan             Komisaris                                         Komisaris
                                                            Board of        Saham                               Board of          Saham
      Name              Position             Board of                                          Board of
                                                            Directors     Shareholders                          Directors       Shareholders
                                          Commissioners                                     Commissioners

                                           Ya     Tidak   Ya     Tidak    Ya       Tidak     Ya     Tidak     Ya      Tidak     Ya     Tidak     Ya      Tidak
                                           Yes     No     Yes     No      Yes       No       Yes     No       Yes      No       Yes     No       Yes      No


 Abdul             Komisaris
 Rachman**         Independen
                   Independent
                   Commissioner

 Rivan A.          Direktur Utama
 Purwantono*       President Director

 Reza Febriano     Direktur Bisnis
                   Director of
                   Business

 Yoga Tri          Direktur Human
 Anggoro*          Capital dan
                   Transformasi
                   Director of Human
                   Capital and
                   Transformation

 Pramitha          Direktur Keuangan
 Wulanjani         dan Manajemen
                   Risiko
                   Director of
                   Finance and Risk
                   Management

 Fitri Wiyanti     Direktur Operasi
                   ******
                   Director of
                   Operations

 Yaya Ruhiya***    Direktur Layanan
                   Director of Services

 Ari Respati***    Direktur
                   Pengembangan
                   Usaha
                   Director of
                   Business
                   Development

 Subakti           Direktur Utama
 Syukur**          President Director

 Bagus Cahya       Direktur Human
 Arinta B.**       Capital dan
                   Transformasi
                   Director of Human
                   Capital and
                   Transformation

 Mohamad           Direktur
 Agus              Pengembangan
 Setiawan****      Usaha
                   Director of
                   Business
                   Development

 Keterangan/Notes:
 *      Menjabat sejak 7 Mei 2025/Appointed since May 7, 2025
 **     Menjabat sampai 7 Mei 2025/Serving until May 7, 2025
 ***    Menjabat sejak 17 Desember 2025/Appointed since December 17, 2025
 ****   Menjabat sampai 17 Desember 2025/Serving until December 17, 2025
 ***** Menjabat sampai 12 November 2025/Serving until November 12, 2025
 ****** Per 7 Mei 2025, nomenklatur berubah menjadi Direktur Operasi dan Layanan, kemudian ditetapkan kembali menjadi Direktur Operasi melalui RUPSLB
        17 Desember 2025/As of May 7,2025, the nomenclature changed to Director of Operations and Services, then reverted to Director of Operations through
        the Extraordinary General Meeting of Shareholders on December 17, 2025




598                                                                                        Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 599
06                                 07                                          08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan            Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility             Reference of POJK, SEOJK, and ARA Criteria




Keberagaman Komposisi
Dewan Komisaris dan Direksi
Board of Commissioners and Board of Directors Composition
Diversity

Dalam rekomendasi Otoritas Jasa Keuangan yang dituangkan                         In the Financial Services Authority recommendation, as
dalam Lampiran Surat Edaran Otoritas Jasa Keuangan                               stated in the Appendix to Financial Services Authority
No. 32/SEOJK.04/2015 tentang Pedoman Tata Kelola                                 Circular Letter No. 32/SEOJK.04/2015 on Guidelines for
Perusahaan Terbuka dinyatakan bahwa komposisi Dewan                              Corporate Governance of Public Companies, it is stated
Komisaris wajib memperhatikan keberagaman komposisi                              that the composition of the Board of Commissioners must
Dewan Komisaris. Perseroan telah mengikuti aturan tersebut                       consider the diversity of the Board of Commissioners. The
dan sekaligus memenuhi aspek penentuan Dewan Komisaris                           Company has complied with this regulation and, at the same
adalah kewenangan Pemegang Saham Seri A Dwiwarna.                                time, fulfilled the aspect that the determination of the Board
                                                                                 of Commissioners is the authority of the Series A Dwiwarna
                                                                                 Shareholders.

Keberagaman komposisi Dewan Komisaris merupakan                                  The composition diversity of the Board of Commissioners
kombinasi karakteristik baik dari segi Dewan Komisaris                           is a combination of characteristics both in terms of the
maupun anggota Dewan Komisaris secara individu, sesuai                           Board of Commissioners and the individual members of the
dengan kebutuhan Perusahaan Terbuka. Karakteristik                               Board of Commissioners, in accordance with the needs of
tersebut dapat tercermin dalam penentuan keahlian,                               the Public Company. These characteristics can be reflected
pengetahuan, dan pengalaman yang dibutuhkan dalam                                in the determination of the expertise, knowledge, and
pelaksanaan tugas pengawasan dan pemberian nasihat oleh                          experience required in the performance of supervisory and
Dewan Komisaris Perusahaan Terbuka. Komposisi yang telah                         advisory duties by the Board of Commissioners of the Public
memperhatikan kebutuhan Perseroan Terbuka merupakan                              Company. A composition that considers the needs of the
suatu hal yang positif, khususnya terkait pengambilan                            Public Company is a positive thing, especially in relation to
keputusan dalam rangka pelaksanaan fungsi pengawasan                             decision-making in the context of performing supervisory
yang dilakukan dengan mempertimbangkan berbagai aspek                            functions by considering a wider range of aspects. The
yang lebih luas. Keberagaman komposisi Dewan Komisaris                           diversity of the composition of the Board of Commissioners
dan Direksi pada tahun 2025 dapat dilihat sebagaimana                            and Board of Directors in 2025 can be seen in the table
dalam tabel di bawah ini:                                                        below:

Tabel Keberagaman Komposisi Dewan Komisaris dan Direksi Tahun 2025
Table of Board of Commissioners and Board of Directors Composition Diversity in 2025



     Nama                                              Jenis
                     Jabatan             Usia                                 Pendidikan                      Pengalaman Kerja              Keahlian
     Name                                             Kelamin
                     Position            Age                                   Education                       Work Experience              Expertise
                                                      Gender
 Juri            Komisaris Utama     52 tahun       Laki-Laki         • S1 Sejarah dari Universitas    • Komisaris PT Pertamina Patra    Ilmu Sosiologi
 Ardiantoro*     President           52 years old   Male                Negeri Jakarta (1999)            Niaga (2020-2024)               Sociology
                 Commissioner                                         • S2 Sosiologi dari              • Deputi Kepala Staf
                                                                        Universitas Indonesia            Kepresidenan Bidang Informasi
                                                                        (2003)                           dan Komunikasi Politik, Staf
                                                                      • S3 Ilmu Sosiologi dari           Kepresidenan (2020)
                                                                        Universitas Malaya (2015)      • Commissioner of PT Pertamina
                                                                      • Bachelor’s degree in             Patra Niaga (2020-2024)
                                                                        History from the Jakarta       • Deputy Chief of Staff for
                                                                        National University (1999)       Political Information and
                                                                      • Master’s degree in               Communication, Presidential
                                                                        Sociology from the               Staff (2020)
                                                                        University of Indonesia
                                                                        (2003)
                                                                      • Doctorate in Sociology
                                                                        from the University of
                                                                        Malaya (2015)




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                               599
Page 600
01                                 02                          03                     04                                          05
Ikhtisar Kinerja Utama             Laporan Manajemen           Profil Perusahaan       Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report           Company Profile         Management Discussion and Analysis          Business Support Functions




Tabel Keberagaman Komposisi Dewan Komisaris dan Direksi Tahun 2025
Table of Board of Commissioners and Board of Directors Composition Diversity in 2025



     Nama                                                Jenis
                        Jabatan            Usia                               Pendidikan                   Pengalaman Kerja                 Keahlian
     Name                                               Kelamin
                        Position           Age                                 Education                    Work Experience                 Expertise
                                                        Gender
 Syamsul           Komisaris            45 tahun       Laki-Laki     • S1 Teknik Mesin dari          • Staf Ahli (Senior Advisor)        Manajemen
 Bachri Yusuf *    Commissioner         45 years old   Male            University of Applied           PT Maluku Energi Abadi            Pertahanan
                                                                       Sciences and Arts               (Perseroda) (2022-2024)           (Ketahanan
                                                                       Hannover, Jerman (2006)       • Direktur Utama Perumda Air        Energi)
                                                                     • S2 Manajemen Pertahanan         Minum Jakarta (PAM Jaya)          Defense
                                                                       (Ketahanan Energi) dari         (2021-2022)                       Management
                                                                       Universitas Pertahanan        • Senior Advisor of PT Maluku       (Energy
                                                                       Indonesia (2016)                Energi Abadi (Perseroda)          Security)
                                                                     • Pendidikan Pemantapan           (2022-2024)
                                                                       Pimpinan Nasional (P3N)       • Director General of Perumda
                                                                       XXVI dari Lembaga               Air Minum Jakarta (PAM Jaya)
                                                                       Ketahanan Nasional RI           (2021-2022)
                                                                       (2025)
                                                                     • Bachelor’s degree in
                                                                       Mechanical Engineering
                                                                       from the University of
                                                                       Applied Sciences and Arts
                                                                       Hannover, Germany (2006)
                                                                     • Master’s degree in
                                                                       Defense Management
                                                                       (Energy Security) from
                                                                       the Indonesian Defense
                                                                       University (2016)
                                                                     • National Leadership
                                                                       Consolidation Education
                                                                       (P3N) XXVI from the
                                                                       National Defense Institute
                                                                       of Indonesia (2025)

 Nachrowi          Komisaris            74 tahun       Laki-Laki     • Akademi Angkatan              • Kepala Lembaga Sandi Negara       Ekonomi
 Ramli*            Independen           74 years old   Male            Bersenjata Republik             (2002-2028)                       Economics
                   Independent                                         Indonesia (1973)              • Sekretaris Umum Lembaga
                   Commissioner                                      • Ahli Sandi dan Akademi          Sandi Negara (2001-2002)
                                                                       Sandi Negara (1980)           • Head of the National
                                                                     • S1 Ekonomi dari Universitas     Encryption Agency
                                                                       Borobudur (2004)                (2002-2028)
                                                                     • Indonesian Military           • Secretary General of the
                                                                       Academy (AKABRI) (1973)         National Encryption Agency
                                                                     • State Cryptography              (2001-2002)
                                                                       Academy (Cryptography
                                                                       Expert Level III) (1980)
                                                                     • Bachelor’s degree in
                                                                       Economics from Borobudur
                                                                       University (2004)

 Tedi              Komisaris            41 tahun       Laki-Laki     S1 Fakultas Ekonomi dari        • Staf Khusus Menteri               Ekonomi
 Kurniawan***      Independen           41 years old   Male          Universitas Bandar Lampung        Perhubungan (2025)                Economics
                   Independent                                       (2006)                          • Wakil Ketua DPRD Kabupaten
                   Commissioner                                      S1 Fakultas Ekonomi dari          Tanggamus (2019-2024)
                                                                     Universitas Bandar Lampung      • Staf Khusus Menteri
                                                                     (2006)                            Perhubungan (2025)
                                                                                                     • Wakil Ketua DPRD Kabupaten
                                                                                                       Tanggamus (2019-2024)

 Rudi              Komisaris            59 tahun       Laki-Laki     • S1 Akademi Kepolisian         • Widyaiswara Kepolisian Utama        Kriminologi
 Antariksawan*     Independen           59 years old   Male            (1989)                          Tingkat I Sekolah Staf dan          Criminology
                   Independent                                       • S2 Kajian Ilmu Kepolisian       Pimpinan Lembaga Pendidikan
                   Commissioner                                        dari Universitas Indonesia      dan Pelatihan Kepolisian Negara
                                                                       (2004)                          Republik Indonesia (2024)
                                                                     • S3 Kriminolog dari            • Direktur Samapta Bhayangkara
                                                                       Universitas Indonesia           Badan Pemelihara Keamanan
                                                                       (2019)                          Kepolisian Negara Republik
                                                                     • Bachelor’s degree from          Indonesia (2021)
                                                                       Police Academy (1989)         • Senior Police Instructor Level I at
                                                                     • Master’s degree in Police       the Staff and Leadership School
                                                                       Science from the University     of the Indonesian National
                                                                       of Indonesia (2004)             Police Education and Training
                                                                     • Doctorate in Criminology        Institution (2024)
                                                                       from the University of        • Director of Samapta
                                                                       Indonesia (2019)                Bhayangkara, Security
                                                                                                       Maintenance Agency of the
                                                                                                       Indonesian National Police (2021)




600                                                                                   Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 601
06                                  07                                          08
Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan            Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility             Reference of POJK, SEOJK, and ARA Criteria




Tabel Keberagaman Komposisi Dewan Komisaris dan Direksi Tahun 2025
Table of Board of Commissioners and Board of Directors Composition Diversity in 2025



     Nama                                               Jenis
                     Jabatan              Usia                                 Pendidikan                      Pengalaman Kerja                 Keahlian
     Name                                              Kelamin
                     Position             Age                                   Education                       Work Experience                 Expertise
                                                       Gender
 Asrorun Ni’am    Komisaris           49 tahun       Laki-Laki         • S1 Pendidikan dari IAIA       • Deputi Pemberdayaan Pemuda          Hukum Islam
 Sholeh*          Commissioner        49 years old   Male                Jakarta (1997)                  Kementerian Pemuda dan              Islamic Law
                                                                       • S1 Hukum Islam dari             Olahraga (2023-2025)
                                                                         Lembaga Ilmu Pengetahuan • Deputi Pengembangan
                                                                         Islam dan Arab (LIPIA)          Pemuda Kementerian Pemuda
                                                                         Jakarta (2001)                  dan Olahraga (2017-2023)
                                                                       • S2 Filsafat Hukum (Ushul      • Deputy for Youth
                                                                         Fiqih) dari Institut Agama      Empowerment at the
                                                                         Islam Negeri (IAIN) Jakarta     Ministry of Youth and Sports
                                                                         (2002)                          (2023-2025)
                                                                       • S3 Hukum Fikih dari           • Deputy for Youth Development
                                                                         Universitas Islam Negeri        at the Ministry of Youth and
                                                                         Syarif Hidayatullah Jakarta     Sports (2017–2023)
                                                                         (2008)
                                                                       • Bachelor’s degree in
                                                                         Education from IAIA Jakarta
                                                                         (1997)
                                                                       • Bachelor’s degree Islamic
                                                                         Law from the Institute for
                                                                         the Study of Islam and
                                                                         Arabic (LIPIA) Jakarta (2001)
                                                                       • Master’s degree in Legal
                                                                         Philosophy (Ushul Fiqih)
                                                                         from the Institute of Islamic
                                                                         Studies (IAIN) Jakarta
                                                                         (2002)
                                                                       • Doctorate in Fiqh Law from
                                                                         Syarif Hidayatullah State
                                                                         Islamic University Jakarta
                                                                         (2008)

 Mohammad         Komisaris Utama     59 tahun       Laki-Laki         S1 Teknik Pertanian (Teknik      • Staf Ahli Menteri Bidang           Pertanian
 Zainal Fatah**   President           59 years old   Male              Tanah & Air) dari Universitas      Ekonomi dan Investasi              (teknik tanah
                  Commissioner                                         Brawijaya (1992)                   Kementerian Pekerjaan              dan air)
                                                                       Bachelor’s degree in               Umum dan Perumahan                 Agriculture
                                                                       Agricultural Engineering (Soil     Rakyat (2019-2020)                 (soil and water
                                                                       & Water Engineering) from        • Asisten Deputi Infrastruktur       engineering)
                                                                       Brawijaya University (1992)        Sumber Daya Air Kementerian
                                                                                                          Koordinator Bidang
                                                                                                          Perekonomian (2015-2019)
                                                                                                        • Expert Staff to the Minister
                                                                                                          of Economy and Investment,
                                                                                                          Ministry of Public Works and
                                                                                                          Public Housing (2019-2020)
                                                                                                        • Deputy Assistant for Water
                                                                                                          Resources Infrastructure,
                                                                                                          Coordinating Ministry for
                                                                                                          Economic Affairs (2015-2019)

 M.               Komisaris           64 tahun       Laki-Laki         Sarjana bidang Hukum             • Sekretaris Jaksa Agung Muda        Hukum
 Roskanedi**      Commissioner        64 years old   Male              Bachelor’s degree in Law           Intelijen, Kejaksaan Agung         Law
                                                                                                          Republik Indonesia (2020)
                                                                                                        • Kepala Kejaksaan Tinggi
                                                                                                          (Kajati) Sulawesi Utara (2018)
                                                                                                        • Secretary to the Deputy
                                                                                                          Attorney General for
                                                                                                          Intelligence, Attorney General's
                                                                                                          Office of the Republic of
                                                                                                          Indonesia (2020)
                                                                                                        • Head of the North Sulawesi
                                                                                                          High Court (2018)




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Page 602
01                                 02                          03                      04                                         05
Ikhtisar Kinerja Utama             Laporan Manajemen           Profil Perusahaan        Analisa dan Pembahasan Manajemen           Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report           Company Profile          Management Discussion and Analysis         Business Support Functions




Tabel Keberagaman Komposisi Dewan Komisaris dan Direksi Tahun 2025
Table of Board of Commissioners and Board of Directors Composition Diversity in 2025



     Nama                                                Jenis
                        Jabatan            Usia                               Pendidikan                    Pengalaman Kerja                Keahlian
     Name                                               Kelamin
                        Position           Age                                 Education                     Work Experience                Expertise
                                                        Gender
 Raja              Komisaris            63 tahun       Laki-Laki     Akademi Angkatan                • Analis Kebijakan Utama,            Hukum
 Erizman**         Commissioner         63 years old   Male          Bersenjata Republik               Lembaga Pendidikan dan             Law
                                                                     Indonesia                         Pelatihan (Lemdiklat) Polri
                                                                     Indonesian Armed Forces           (2020)
                                                                     Academy                         • Kepala Divisi Teknologi
                                                                                                       Informasi dan Komunikasi
                                                                                                       (Kadiv. TIK) Polri (2019)
                                                                                                     • Senior Policy Analyst,
                                                                                                       Education and Training
                                                                                                       Institute (Lemdiklat) of the
                                                                                                       Indonesian National Police
                                                                                                       (2020)
                                                                                                     • Head of the Information and
                                                                                                       Communication Technology
                                                                                                       Division (IT DivHead) of the
                                                                                                       Indonesian National Police
                                                                                                       (2019)

 Chandra           Komisaris            55 tahun       Laki-Laki     • S3 Ilmu Manajemen             • Deputi Bidang Pemberdayaan         Manajemen
 Wijaya**          Independen           55 years old   Male            (Konsentrasi Keuangan)          Pemuda Kementerian                 Keuangan
                   Independent                                         dari Fakultas Ekonomi           Pemuda dan Olahraga RI)            Financial
                   Commissioner                                        Universitas Indonesia           (Maret-Juni 2016)                  Management
                                                                       (2004)                        • Presiden Komisaris PT Daya
                                                                     • S2 Manajemen dari Institut      Makara UI (Mei 2014-Mei 2016)
                                                                       Teknologi Bandung (2000)      • Deputy for Youth
                                                                     • Doctorate in Management         Empowerment, Ministry
                                                                       (Finance) from the Faculty      of Youth and Sports
                                                                       of Economics, University of     of the Republic of
                                                                       Indonesia (2004)                Indonesia (March-June 2016)
                                                                     • Master’s degree in            • President Commissioner
                                                                       Management from the             of PT Daya Makara UI
                                                                       Bandung Institute of            (May 2014-May 2016)
                                                                       Technology (2000)

 Marsetio**        Komisaris            69 tahun       Laki-Laki     • S3 Ilmu Kajian budaya dan     • Kepala Staf TNI Angkatan Laut      Manajemen,
                   Independen           69 years old   Male            Media dari Universitas          (2012-2014)                        Budaya,
                   Independent                                         Gadjah Mada (2002)            • Wakasal TNI Angkatan Laut          Pemerintahan/
                   Commissioner                                      • S2 Manajemen dari               (2010-2012)                        Politik
                                                                       Universitas Wijaya Putra      • Chief of Staff of the Indonesian   Management,
                                                                       Surabaya (2001)                 Navy (2012-2014)                   Culture,
                                                                     • S1 Ilmu Politik dari          • Deputy Chief of Staff of the       Government/
                                                                       Universitas Wijaya Putra        Indonesian Navy (2010-2012)        Politics
                                                                       Surabaya (1997)
                                                                     • Doctorate in Cultural
                                                                       Studies and Media from
                                                                       Gadjah Mada University
                                                                       (2002)
                                                                     • Master’s degree in
                                                                       Management from Wijaya
                                                                       Putra University Surabaya
                                                                       (2001)
                                                                     • Bachelor's degree in
                                                                       Political Science from
                                                                       Wijaya Putra University
                                                                       Surabaya (1997)

 Seppalga          Komisaris            54 tahun       Laki-Laki     Sarjana Akuntansi Sekolah       • Direktur Operasi PT Pupuk          Akuntansi
 Ahmad*****        Independen           54 years old   Male          Tinggi Ilmu Ekonomi YAI           Indonesia Energi (2020-2021)       Accounting
                   Independent                                       Bachelor’s degree in            • Anggota DPRD DKI Jakarta
                   Commissioner                                      Accounting from YAI College       (2014-2019)
                                                                     of Economics                    • Direktur PT Pasopati Indo Risk
                                                                                                       (2010-2013)
                                                                                                     • Director of Operations at
                                                                                                       PT Pupuk Indonesia Energi
                                                                                                       (2020-2021)
                                                                                                     • Member of the DKI Jakarta
                                                                                                       DPRD (2014-2019)
                                                                                                     • Director of PT Pasopati Indo
                                                                                                       Risk (2010)




602                                                                                   Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 603
06                                  07                                          08
Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan            Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility             Reference of POJK, SEOJK, and ARA Criteria




Tabel Keberagaman Komposisi Dewan Komisaris dan Direksi Tahun 2025
Table of Board of Commissioners and Board of Directors Composition Diversity in 2025



     Nama                                               Jenis
                     Jabatan              Usia                                 Pendidikan                      Pengalaman Kerja              Keahlian
     Name                                              Kelamin
                     Position             Age                                   Education                       Work Experience              Expertise
                                                       Gender
 Abdul           Komisaris            71 tahun       Laki-Laki         • S2 Financial Management        • Komisaris Independen            Manajemen
 Rachman**       Independen           71 years old   Male                dari Kansas State                PT Garuda Indonesia (Persero)   Keuangan,
                 Independent                                             University (1989)                Tbk (2021-2023)                 Ekonomi
                 Commissioner                                          • S2 Ekonomi dari                • Direktur Special Asset          Financial
                                                                         Universitas Padjajaran           Management, PT Bank Mandiri     Management,
                                                                         (1980)                           (Persero) Tbk (2008-2010)       Economics
                                                                       • Master's degree in             • Independent Commissioner of
                                                                         Financial Management             PT Garuda Indonesia (Persero)
                                                                         from Kansas State                Tbk (2021-2023)
                                                                         University (1989)              • Director of Special Asset
                                                                       • Master's degree in               Management, PT Bank Mandiri
                                                                         Economics from Padjajaran        (Persero) Tbk (2008-2010)
                                                                         University (1980)

 Rivan A.        Direktur Utama       59 tahun       Laki-Laki         • S3 bidang Hukum dari           • Direktur Utama PT Asuransi      Hukum
 Purwantono*     President            59 years old   Male                Universitas Sultan Agung         Kerugian Jasa Raharja           Law
                 Director                                                (2023)                           (2021-2025)
                                                                       • S2 bidang Hukum dari           • Direktur Utama PT Bank
                                                                         Universitas Pelita Harapan       Bukopin (2020-2021)
                                                                         (2003)                         • Direktur Keuangan PT Kereta
                                                                       • S1 Universitas Gadjah            Api Indonesia (Persero)
                                                                         Mada (1991)                      (2020)
                                                                       • Doctorate in Law from          • President Director
                                                                         Sultan Agung University          of PT Asuransi Kerugian Jasa
                                                                         (2023)                           Raharja (2021-2025)
                                                                       • Master's Degree in Law         • President Director of PT Bank
                                                                         from Pelita Harapan              Bukopin (2020-2021)
                                                                         University (2003)              • Finance Director of PT Kereta
                                                                       • Bachelor's Degree from           Api Indonesia (Persero)
                                                                         Gadjah Mada University           (2020)
                                                                         (1991)

 Reza Febriano   Direktur Bisnis      46 tahun       Laki-Laki         • Sarjana Ilmu Pemerintahan,     • Corporate Secretary PT Jasa     Teknik Sipil,
                 Director of          46 years old   Male                Universitas Padjadjaran          Marga (Persero) Tbk (2021)      Tata Kelola
                 Business                                              • Sarjana Teknik Sipil,          • Jasamarga Transjawa Tollroad    Civil
                                                                         Universitas Katolik              Regional Division Head          Engineering,
                                                                         Parahyangan                      (2019-2020)                     Governance
                                                                       • Magister Teknik Sipil,         • Corporate Secretary
                                                                         Universitas Indonesia            of PT Jasa Marga (Persero)
                                                                       • Bachelor's degree in             Tbk (2021)
                                                                         Government Science,            • Jasamarga Transjawa Tollroad
                                                                         Padjadjaran University           Regional Division Head
                                                                       • Bachelor's degree in Civil       (2019-2020)
                                                                         Engineering, Parahyangan
                                                                         Catholic University
                                                                       • Master's degree in Civil
                                                                         Engineering, University of
                                                                         Indonesia

 Yoga Tri        Direktur Human       39 tahun       Laki-Laki         • S2 Magister Manajemen          • Direktur Utama PT Jasamarga     Teknik Industri
 Anggoro*        Capital dan          39 years old   Male                dari Universitas Indonesia       Tollroad Operator               Industrial
                 Transformasi                                            (2023)                           (2022-2025)                     Engineering
                 Director                                              • S1 Teknik Industri dari        • Direktur Operasi PT Jasamarga
                 of Human                                                Universitas Gadjah Mada          Tollroad Operator
                 Capital and                                             (2008)                           (2019-2022)
                 Transformation                                        • Master of Management           • President Director of
                                                                         from the University of           PT Jasamarga Tollroad
                                                                         Indonesia (2023)                 Operator (2022-2025)
                                                                       • Bachelor of Industrial         • Director of Operations at
                                                                         Engineering from Gadjah          PT Jasamarga Tollroad
                                                                         Mada University (2008)           Operator (2019-2022)

 Pramitha        Direktur             38 tahun       Perempuan         S1 Akuntansi dari Universitas    • Direktur Keuangan               Akuntansi,
 Wulanjani       Keuangan dan         38 years old   Female            Gadjah Mada (2008)                 PT Jasamarga Transjawa Tol      Keuangan,
                 Manajemen                                             Bachelor's degree in               (2022-2023)                     Manajemen
                 Risiko                                                Accounting from Gadjah           • Direktur Keuangan               Risiko
                 Director of                                           Mada University (2008)             PT Jasamarga Tollroad           Accounting,
                 Finance and Risk                                                                         Operator (2021-2022)            Finance, Risk
                 Management                                                                             • Director of Finance of          Management
                                                                                                          PT Jasamarga Transjawa Tol
                                                                                                          (2022-2023)
                                                                                                        • Director of Finance
                                                                                                          of PT Jasamarga Tollroad
                                                                                                          Operator (2021-2022)




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Ikhtisar Kinerja Utama             Laporan Manajemen           Profil Perusahaan        Analisa dan Pembahasan Manajemen          Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report           Company Profile          Management Discussion and Analysis        Business Support Functions




Tabel Keberagaman Komposisi Dewan Komisaris dan Direksi Tahun 2025
Table of Board of Commissioners and Board of Directors Composition Diversity in 2025



     Nama                                                Jenis
                        Jabatan            Usia                               Pendidikan                    Pengalaman Kerja               Keahlian
     Name                                               Kelamin
                        Position           Age                                 Education                     Work Experience               Expertise
                                                        Gender
 Fitri             Direktur Operasi     50 tahun       Perempuan     Sarjana Teknik Mesin            • Operation and Maintenance        Teknik dan
 Wiyanti******     Director of          50 years old   Female        Bachelor’s degree in              Management Group Head            Pemeliharaan
                   Operations                                        Mechanical Engineering            PT Jasa Marga (Persero) Tbk      Engineering and
                                                                                                     • General Manager Jagorawi,        Maintenance
                                                                                                       PT Jasa Marga (Persero) Tbk
                                                                                                     • Operation and Maintenance
                                                                                                       Management Group Head of
                                                                                                       PT Jasa Marga (Persero) Tbk
                                                                                                     • General Manager Jagorawi,
                                                                                                       PT Jasa Marga (Persero) Tbk

 Yaya              Direktur Layanan     59 tahun       Laki-Laki     • S1 Teknik Sipil dari          • Direktur Utama PT Cibitung       Teknik Sipil
 Ruhiya***         Director of          59 years old   Male            Universitas Katolik             Tanjung Priok Port Tollways      Civil
                   Services                                            Parahyangan (1990)              (2024-2025)                      Engineering
                                                                     • S2 Magister Sistem dan        • Direktur Teknik dan Operasi
                                                                       Teknik Jalan raya dari          PT Cibitung Tanjung Priok Port
                                                                       Institut Teknologi Bandung      Tollways (2021-2024)
                                                                       (1992)                        • Chief Executive Officer of
                                                                     • Bachelor’s Degree in            PT Cibitung Tanjung Priok Port
                                                                       Civil Engineering from          Tollways (2024–2025)
                                                                       Parahyangan Catholic          • Technical and Operations
                                                                       University (1990)               Director of PT Cibitung
                                                                     • Master’s Degree in              Tanjung Priok Port Tollways
                                                                       Highway Systems and             (2021–2024)
                                                                       Engineering from the
                                                                       Bandung Institute of
                                                                       Technology (1992)

 Ari               Direktur             51 tahun       Laki-Laki     • S1 Arsitektur dan Konstruksi • Direktur Utama ITDC               Arsitektur dan
 Respati***        Pengembangan         51 years old   Male            Sains dari The University of   (InJourney Tourism                Konstruksi,
                   Usaha                                               Oklahoma (1998)                Development Corporation)          Manajemen
                   Director of                                       • S2 Manajemen Properti dari     PT Pengembangan Pariwisata        Properti
                   Business                                            Arizona State University       Indoensia (Persero)               Architecture
                   Development                                         (2000)                         (2022-2025)                       and
                                                                     • School of Hotel              • CEO & Founder AR Hospitality      Construction,
                                                                       Administration, General        & Yats Colony Yogyakarta          Property
                                                                       Manager Program (GMP)          (2014-2022)                       Management
                                                                       dari Cornell University      • President Director of
                                                                       (2012)                         ITDC (InJourney Tourism
                                                                     • Doctoral Candidate Fakultas    Development Corporation)
                                                                       Ilmu Administrasi dari         PT Pengembangan Pariwisata
                                                                       Universitas Brawijaya (2023) Indonesia (Persero)
                                                                     • Bachelor of Science            (2022-2025)
                                                                       in Architecture and          • CEO & Founder of AR
                                                                       Construction, The University   Hospitality & Yats Colony
                                                                       of Oklahoma (1998)             Yogyakarta (2014-2022)
                                                                     • Master of Science in
                                                                       Property Management,
                                                                       Arizona State University
                                                                       (2000)
                                                                     • School of Hotel
                                                                       Administration, General
                                                                       Manager Programme (GMP),
                                                                       Cornell University (2012)
                                                                     • Doctoral Candidate, Faculty
                                                                       of Administrative Sciences,
                                                                       Brawijaya University (2023)

 Subakti           Direktur Utama       63 tahun       Laki-Laki     Sarjana Teknik Sipil            • Direktur Operasi PT Jasa         Teknik Sipil,
 Syukur**          President            63 years old   Male          Bachelor's degree in Civil        Marga (Persero) Tbk              Manajemen
                   Director                                          Engineering                     • Direktur Utama PT Marga          Civil
                                                                                                       Lingkar Jakarta                  Engineering,
                                                                                                     • Director of Operations at        Management
                                                                                                       PT Jasa Marga (Persero) Tbk
                                                                                                     • President Director of
                                                                                                       PT Marga Lingkar Jakarta




604                                                                                   Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
Page 605
06                                  07                                          08
Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan            Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility             Reference of POJK, SEOJK, and ARA Criteria




Tabel Keberagaman Komposisi Dewan Komisaris dan Direksi Tahun 2025
Table of Board of Commissioners and Board of Directors Composition Diversity in 2025



     Nama                                               Jenis
                      Jabatan             Usia                                 Pendidikan                      Pengalaman Kerja               Keahlian
     Name                                              Kelamin
                      Position            Age                                   Education                       Work Experience               Expertise
                                                       Gender
 Bagus Cahya      Direktur Human      57 tahun        Laki-Laki        Sarjana Teknik Sipil,            • Jasa Marga Metropolitan          Teknik Sipil
 Arinta B.**      Capital dan         57 years old    Male             Universitas Brawijaya Malang       Tollroad Regional Division       Civil
                  Transformasi                                         Bachelor's degree in Civil         Head (2021)                      Engineering
                  Director                                             Engineering, Brawijaya           • Direktur Utama PT Jasamarga
                  of Human                                             University, Malang                 Surabaya Mojokerto
                  Capital and                                                                             (2020- 2021)
                  Transformation                                                                        • Jasa Marga Metropolitan
                                                                                                          Tollroad Regional Division
                                                                                                          Head (2021)
                                                                                                        • President Director of
                                                                                                          PT Jasamarga Surabaya
                                                                                                          Mojokerto (2020- 2021)

 Mohamad          Direktur            55 tahun        Laki-Laki        • Sarjana Teknik Sipil           • Corporate Secretary PT Jasa      Teknik Sipil
 Agus             Pengembangan        55 years old    Male             • Magister Teknik                  Marga (Persero) Tbk              Civil
 Setiawan****     Usaha                                                  Pengelolaan Jaringan           • Direktur Utama PT Jasamarga      Engineering
                  Director of                                            Jalan                            Pandaan Malang
                  Business                                             • Bachelor's degree in Civil     • Corporate Secretary of
                  Development                                            Engineering                      PT Jasa Marga (Persero) Tbk
                                                                       • Master's degree in Road        • President Director of
                                                                         Network Management               PT Jasamarga Pandaan
                                                                         Engineering                      Malang

 Keterangan/Notes:
 *       Menjabat sejak 7 Mei 2025/Appointed since May 7, 2025
 **      Menjabat sampai 7 Mei 2025/Serving until May 7, 2025
 ***     Menjabat sejak 17 Desember 2025/Appointed since December 17, 2025
 ****    Menjabat sampai 17 Desember 2025/Serving until December 17, 2025
 *****   Menjabat sampai 12 November 2025/Serving until November 12, 2025
 ****** Per 7 Mei 2025, nomenklatur berubah menjadi Direktur Operasi dan Layanan, kemudian ditetapkan kembali menjadi Direktur Operasi melalui RUPSLB
         17 Desember 2025/As of May 7,2025, the nomenclature changed to Director of Operations and Services, then reverted to Director of Operations through
         the Extraordinary General Meeting of Shareholders on December 17, 2025




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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Organ dan Komite di Bawah Dewan Komisaris
Organs and Committees under the Board of Commissioners

Dalam menjalankan fungsi, tugas dan tanggung jawabnya,              In carrying out its functions, duties, and responsibilities,
Dewan Komisaris dibantu oleh organ di bawah Dewan                   the Board of Commissioners is assisted by organs under
Komisaris. Pada periode tahun 2025, organ di bawah Dewan            the Board of Commissioners. In 2025, the organs under the
Komisaris adalah sebagai berikut:                                   Board of Commissioners are as follows:
1. Komite Audit;                                                    1. Audit Committee;
2. Komite Nominasi dan Remunerasi;                                  2. Nomination and Remuneration Committee;
3. Komite Pemantau Risiko dan Hukum;                                3. Risk Monitoring and Legal Committee
4. Komite Tata Kelola Terintegrasi; dan                             4. Integrated Governance Committee; and
5. Sekretaris Dewan Komisaris.                                      5. Secretary of the Board of Commissioners.


Komite Audit                                                        Audit Committee
Dewan Komisaris dibantu oleh Komite Audit dalam                     The Board of Commissioners is assisted by the Audit
pelaksanaan tugasnya mengawasi serta memberikan nasihat             Committee in performing its duties of supervising and
kepada Direksi agar dalam menjalankan kepengurusan                  advising the Board of Directors so that the management of
Perseroan sesuai dengan peraturan dan perundang-                    the Company is conducted in accordance with applicable
undangan yang berlaku.                                              rules and regulations.

Dasar Pembentukan Komite Audit                                      Audit Committee Establishment Basis

Komite Audit Perseroan dibentuk berdasarkan peraturan               The Company’s Audit Committee was established based on
peraturan/perundangan sebagai berikut:                              the following laws and regulations:
1. Undang-Undang Republik Indonesia No. 19 tahun 2003               1. Law of the Republic of Indonesia No. 19 of 2003 on
   tentang Badan Usaha Milik Negara (Lembaran Negara                    State-Owned Enterprises (State Gazette of the Republic
   Republik Indonesia tahun 2003 No. 70; Tambahan                       of Indonesia of 2003 No. 70; Supplement to State
   Lembaran Negara Republik Indonesia No. 4297) yang                    Gazette of the Republic of Indonesia No. 4297), which
   terakhir telah diubah dengan Undang-Undang No. 1                     was last amended by Law No. 1 of 2025 on the Third
   Tahun 2025 tentang Perubahan Ketiga atas Undang-                     Amendment to Law No. 19 of 2023 on State-Owned
   Undang No. 19 Tahun 2023 tentang Badan Usaha Milik                   Enterprises (State Gazette of the Republic of Indonesia
   Negara (Lembaran Negara Republik Indonesia Tahun                     of 2025 No. 25, Supplement to State Gazette No. 7097);
   2025 No. 25, Tambahan Lembaran Negara No. 7097);
2. Undang-Undang Republik Indonesia No. 40 tahun                    2. Law of the Republic of Indonesia No. 40 of 2007 on
   2007 tentang Perseroan Terbatas (Lembaran Negara                    Limited Liability Companies (State Gazette of the
   Republik Indonesia tahun 2007 No. 106; Tambahan                     Republic of Indonesia of 2007 No. 106; Supplement to
   Lembaran Negara Republik Indonesia No. 4756) yang                   the State Gazette of the Republic of Indonesia No. 4756),
   terakhir telah diubah dengan Peraturan Pemerintah                   which was last amended by Government Regulation
   Pengganti Undang-Undang No.2 Tahun 2022 tentang                     in Lieu of Law No. 2 of 2022 on Job Creation (State
   Cipta Kerja (Lembaran Negara Republik Indonesia Tahun               Gazette of the Republic of Indonesia of 2022 No. 238,
   2022 No. 238, Tambahan Lembaran Negara Republik                     Supplement to the State Gazette of the Republic of
   Indonesia No. 6841) dan ditetapkan menjadi Undang-                  Indonesia No. 6841) and enacted into law in accordance
   Undang sesuai Undang-Undang No. 6 Tahun 2023                        with Law No. 6 of 2023 on the Stipulation of Government
   tentang Penetapan Peraturan Pemerintah Pengganti                    Regulation in Lieu of Law No. 2 of 2022 on Job Creation
   Undang-Undang No. 2 Tahun 2022 tentang Cipta Kerja                  into Law (State Gazette of the Republic of Indonesia of
   menjadi Undang-Undang (Lembaran Negara Republik                     2023 No. 2023, Supplement to State Gazette No. 6856);
   Indonesia Tahun 2023 No. 2023, Tambahan Lembaran
   Negara No. 6856);
3. Peraturan Pemerintah No. 45 tahun 2015 tentang                   3. Government Regulation No. 45 of 2015 on the
   Pendirian, Pengurusan, Pengawasan dan Pembubaran                    Establishment,      Management,       Supervision,   and
   Badan Usaha Milik Negara (Lembaran Negara Republik                  Dissolution of State-Owned Enterprises (State Gazette of
   Indonesia tahun 2005 No. 117; Tambahan Lembaran                     the Republic of Indonesia of 2005 No. 117; Supplement to
   Negara Republik Indonesia No. 4556);                                the State Gazette of the Republic of Indonesia No. 4556);
4. Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014             4. Financial Services Authority Regulation No. 33/
   tanggal 8 Desember 2014, tentang Direksi dan Dewan                  POJK.04/2014 dated December 8, 2014, on the Board
   Komisaris Emiten atau Perusahaan Publik;                            of Directors and Board of Commissioners of Issuers or
                                                                       Public Companies;
5. Peraturan Otoritas Jasa Keuangan No. 55/POJK.04/2015             5. Financial Services Authority Regulation No. 55/
   tanggal 23 Desember 2015, tentang Pembentukan dan                   POJK.04/2015 dated December 23, 2015, on the
   Pedoman Pelaksanaan Kerja Komite Audit;                             Establishment and Implementation Guidelines for the
                                                                       Audit Committee;


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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




6. Peraturan Menteri Negara Badan Usaha Milik Negara                  6. Minister of State-Owned Enterprises Regulation No. PER-
   No. PER-2/MBU/03/2023 tanggal 24 Maret 2023 tentang                    2/MBU/03/2023 dated March 24, 2023, on Guidelines
   Pedoman Tata Kelola dan Kegiatan Korporasi Signifikan                  for Governance and Significant Corporate Activities of
   Badan Usaha Milik Negara;                                              State-Owned Enterprises;
7. Peraturan Menteri Negara Badan Usaha Milik                         7. Minister of State-Owned Enterprises Regulation
   Negara No. PER-3/MBU/03/2023 tanggal 24 Maret 2023                     No. PER-3/MBU/03/2023 dated March 24, 2023
   tentang Organ dan Sumber Daya Manusia Badan Usaha                      on Organs and Human Resources of State-Owned
   Milik Negara;                                                          Enterprises;
8. Peraturan Otoritas Jasa Keuangan No. 21/POJK.04/2015               8. Financial Services Authority Regulation No. 21/
   tanggal 16 November 2015 tentang Penerapan Pedoman                     POJK.04/2015 dated November 16, 2015, on the
   Tata Kelola Perusahaan Terbuka yang dijabarkan dalam                   Implementation of Corporate Governance Guidelines
   Surat Edaran OJK No. 32/SEOJK.04/2015 tanggal                          for Public Companies as outlined in OJK Circular Letter
   17 November 2015 tentang Pedoman Tata Kelola                           No. 32/SEOJK. 04/2015 dated November 17, 2015,
   Perusahaan Terbuka, bahwa Dewan Komisaris dapat                        on Guidelines for Corporate Governance of Public
   membentuk Komite Dewan Komisaris (Dekom);                              Companies, that the Board of Commissioners may form
                                                                          a Board of Commissioners Committee;
9. Peraturan Otoritas Jasa Keuangan No. 9 tahun 2023                  9. Financial Services Authority Regulation No. 9 of 2023
    tanggal 11 Juli 2023, tentang Penggunaan Jasa Akuntan                 dated July 11, 2023, on the Use of Public Accountants
    Publik dan Kantor Akuntan Publik Dalam Kegiatan Jasa                  and Public Accounting Firms in Financial Services
    Keuangan;                                                             Activities;
10. Keputusan Dewan Komisaris PT Jasa Marga (Persero)                 10. Board of Commissioners Decree of PT Jasa Marga
    Tbk No. KEP 11/DKJM/VII/2003 tentang Pembentukan                      (Persero) Tbk No. KEP 11/DKJM/VII/2003 on the
    Komite Audit Perusahaan Perseroan (Persero) PT Jasa                   Establishment of the Audit Committee of the State-
    Marga.                                                                Owned Company (Persero) PT Jasa Marga.

Pedoman Kerja/Piagam Komite Audit                                     Audit Committee Work Guideline/Charter

Piagam Komite Audit disahkan oleh Dewan Komisaris pada                The Audit Committee Charter was approved by the Board of
tanggal 8 November 2023, yang merupakan pemutakhiran                  Commissioners on November 8, 2023, which is an update
dari Piagam sebelumnya yang ditetapkan pada tahun 2017.               of the previous Charter established in 2017. The Audit
Piagam Komite Audit merupakan acuan bagi Komite Audit                 Committee Charter serves as a reference for the Audit
dalam melaksanakan tugas dan tanggung jawabnya. Dalam                 Committee in carrying out its duties and responsibilities.
Piagam Komite Audit termuat ketentuan yang harus dipatuhi             The Audit Committee Charter contains provisions that
pembentukan dan pelaksanaan kegiatan Komite Audit                     must be complied with in the formation and implementation
agar dapat bekerja secara independen, objektif, mandiri,              of the Audit Committee’s activities so that it can work
transparan, dan dapat dipertanggungjawabkan. Isi dari                 independently, objectively, autonomously, transparently,
Piagam tersebut antara lain mencakup:                                 and accountably. The Charter contents include:
1. Maksud dan Tujuan;                                                 1. Purpose and Objectives;
2. Peran Komite Audit;                                                2. Role of the Audit Committee;
3. Tugas, Tanggung Jawab dan Wewenang;                                3. Duties, Responsibilities, and Authorities;
4. Komposisi, Struktur, dan Tata Cara Pengangkatan;                   4. Composition, Structure, and Appointment Procedures;
5. Persyaratan Keanggotaan dan Penilaian Kinerja Komite               5. Membership Requirements and Performance Assessment
    Audit;                                                                of the Audit Committee;
6. Penyelenggaraan Rapat;                                             6. Conducting Meetings;
7. Pelaporan;                                                         7. Reporting;
8. Masa Tugas; dan                                                    8. Term of Office; and
9. Penutup.                                                           9. Closing.

Kriteria Komite Audit                                                 Audit Committee Criteria

Kriteria anggota Komite Audit:                                        Audit Committee member criteria:
1. Memiliki integritas yang baik dan pengetahuan serta                1. Possess good integrity and sufficient knowledge and
    pengalaman kerja yang cukup di bidang pengawasan/                    work experience in the field of supervision/auditing;
    pemeriksaan;
2. Tidak memiliki kepentingan/keterkaitan pribadi yang                2. Have no personal interests/connections that could
    dapat menimbulkan dampak negatif dan benturan                        have a negative impact or conflict of interest with the
    kepentingan terhadap perseroan;                                      company;
3. Mampu berkomunikasi secara efektif;                                3. Be able to communicate effectively;
4. Dapat menyediakan waktu yang cukup untuk                           4. Be able to provide sufficient time to complete their
    menyelesaikan tugasnya;                                              duties;
5. Salah seorang dari anggota Komite Audit harus memiliki             5. One of the Audit Committee members must have an
    latar belakang independen atau memiliki keahlian di                  independent background or expertise in accounting or
    bidang akuntansi atau keuangan dan salah seorang dari                finance, and one of the Audit Committee members must
    anggota Komite Audit harus memahami industri/bisnis;                 understand the industry/business;



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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile           Management Discussion and Analysis       Business Support Functions




6. Anggota Komite Audit bukan merupakan orang dalam                 6. Audit Committee members are not insiders of public
    kantor akuntan publik, kantor konsultan hukum, kantor              accounting firms, law firms, public appraisal firms, or
    jasa penilai publik atau pihak lain yang memberi jasa              other parties that provide insurance, non-insurance,
    asuransi, jasa non-asuransi, jasa penilai dan/atau jasa            appraisal, and/or other consulting services to the
    konsultasi lain perseroan dalam waktu 6 (enam) bulan               company within the last 6 (six) months;
    terakhir;
7. Komite harus menandatangani pakta integritas yang                7.   The Committee must sign an integrity pact, which is a
    merupakan pernyataan dan komitmen untuk mematuhi                     statement and commitment to comply with all laws and
    segala ketentuan peraturan perundang-undangan dan                    regulations and good corporate governance principles;
    prinsip tata kelola perusahaan yang baik;
8. Bersedia meningkatkan kompetensi secara terus                    8. Be willing to improve competence through education
    menerus melalui pendidikan dan pelatihan;                          and training continuously;
9. Bukan merupakan orang yang bekerja atau mempunyai                9. Not a person who works for or has the authority and
    wewenang dan tanggung jawab untuk merencanakan,                    responsibility to plan, lead, control, or supervise the
    memimpin, mengendalikan, atau mengawasi kegiatan                   company’s activities within the last 6 (six) months,
    perseroan dalam waktu 6 (enam) bulan terakhir, kecuali             except for independent commissioners;
    komisaris independen;
10. Dalam hal anggota Komite Audit memperoleh saham                 10. If a member of the Audit Committee acquires shares in
    perseroan baik langsung maupun tidak langsung akibat                the company, either directly or indirectly, as a result of a
    suatu peristiwa hukum, saham tersebut wajib dialihkan               legal event, such shares must be transferred to another
    kepada pihak lain dalam jangka waktu paling lama                    party within a maximum period of 6 (six) months after
    6 (enam) bulan setelah diperolehnya saham tersebut;                 the acquisition of such shares;
11. Tidak mempunyai hubungan afiliasi dengan anggota                11. Does not have any affiliation with members of the Board
    Dewan Komisaris, anggota direksi, atau pemegang                     of Commissioners, members of the Board of Directors,
    saham utama perseroan;                                              or major shareholders of the company;
12. Tidak mempunyai hubungan usaha baik langsung                    12. Not having any direct or indirect business relationship
    maupun tidak langsung yang berkaitan dengan kegiatan                related to the company’s business activities;
    usaha perseroan;
13. Anggota Komite Audit yang merupakan Dewan Komisaris             13. Audit Committee members who are members of the
    dapat merangkap sebagai anggota komite paling banyak                Board of Commissioners may serve as members of a
    pada 5 (lima) komite di perusahaan publik dimana                    maximum of 5 (five) committees in public companies
    yang bersangkutan juga menjabat sebagai anggota                     where they also serve as members of the Board of
    Dewan Komisaris di mana hal tersebut dapat dilakukan                Commissioners, provided that this does not conflict with
    sepanjang tidak bertentangan dengan peraturan                       other laws and regulations;
    perundang-undangan lainnya;
14. Anggota Komite Audit yang bukan merupakan anggota               14. Audit Committee members who are not members
    Dewan Komisaris Perseroan tidak boleh merangkap                     of the Company’s Board of Commissioners may not
    sebagai:                                                            concurrently serve as:
    a. Anggota Dewan Komisaris pada BUMN/perusahaan                     a. Members of the Board of Commissioners of other
        lain;                                                               SOEs/companies;
    b. Sekretaris/staf sekretaris Dewan Komisaris pada                  b. Secretaries/secretarial staff of the Board of
        BUMN/perusahaan lain;                                               Commissioners of other SOEs/companies;
    c. Anggota komite lain di Perseroan;                                c. Members of other committees within the Company;
    d. Anggota komite pada BUMN/perusahan lain.                         d. A member of a committee at a SOE/other company.

Ketentuan Masa Jabatan Komite Audit                                 Term of Office of the Audit Committee

Seluruh Anggota Komite Audit Jasa Marga memiliki integritas,        All members of the Jasa Marga Audit Committee have
kompetensi dan reputasi yang baik. Masa tugas anggota               integrity, competence, and a good reputation. The term of
Komite Audit tidak boleh lebih lama dari masa jabatan               office of Audit Committee members may not exceed the
Dewan Komisaris sebagaimana diatur dalam anggaran                   term of office of the Board of Commissioners as stipulated in
dasar dan dapat dipilih kembali hanya untuk 1 (satu) periode        the articles of association and may only be re-elected for 1
berikutnya. Anggota Komite Audit yang merupakan anggota             (one) subsequent term. Audit Committee members who are
Dewan Komisaris berhenti dengan sendirinya apabila masa             members of the Board of Commissioners shall automatically
jabatannya sebagai anggota Dewan Komisaris berakhir,                resign when their term of office as members of the Board
sedangkan masa jabatan anggota Komite Audit yang bukan              of Commissioners ends, while the term of office of Audit
merupakan anggota Dewan Komisaris paling lama 3 (tiga)              Committee members who are not members of the Board of
tahun dan dapat diangkat kembali untuk paling lama 2 (dua)          Commissioners shall be a maximum of 3 (three) years and
tahun, dengan tidak mengurangi hak Dewan Komisaris untuk            they may be reappointed for a maximum of 2 (two) years,
memberhentikannya sewaktu-waktu. Dalam hal Komisaris                without prejudice to the Board of Commissioners’ right to
lndependen menjabat pada Komite Audit, Komisaris                    dismiss them at any time. If an Independent Commissioner
lndependen yang bersangkutan hanya dapat diangkat                   serves on the Audit Committee, the Independent
kembali pada Komite Audit untuk 1 (satu) periode masa               Commissioner concerned may only be reappointed to the
jabatan Komite Audit berikutnya.                                    Audit Committee for 1 (one) subsequent term of office of the
                                                                    Audit Committee.


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Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




Susunan, Jumlah, Komposisi dan Dasar                                          Structure, Number, Composition, and
Pengangkatan Komite Audit                                                     Appointment Basis of Audit Committee in 2025

Komite Audit dibentuk oleh Dewan Komisaris, yang                              The Audit Committee is formed by the Board of
susunannya terdiri dari ketua Komite Audit dan anggota                        Commissioners, which consists of the Chairman of the Audit
Komite Audit, dengan paling sedikit terdiri dari 3 (tiga)                     Committee and members of the Audit Committee, with at least
orang anggota yang berasal dari Komisaris lndependen                          3 (three) members from the Independent Commissioners and
dan pihak luar yang independen. Ketua dan anggota Komite                      independent external parties. The Chairman and members
Audit diangkat dan diberhentikan oteh Dewan Komisaris.                        of the Audit Committee are appointed and dismissed by
Ketua Komite Audit adalah anggota Dewan Komisaris yang                        the Board of Commissioners. The Chairman of the Audit
merupakan anggota Dewan Komisaris lndependen atau                             Committee is a member of the Board of Commissioners who
anggota Dewan Komisaris yang dapat bertindak independen.                      is an Independent Commissioner or a member of the Board of
Anggota Komite Audit dapat berasal dari anggota Dewan                         Commissioners who can act independently. Members of the
Komisaris atau pihak luar yang independen.                                    Audit Committee may come from the Board of Commissioners
                                                                              or independent external parties.

Susunan keanggotaan Komite Audit Jasa Marga pada tahun                        The composition of the Jasa Marga Audit Committee in
2025 adalah sebagai berikut:                                                  2025 is as follows:

Tabel Susunan Keanggotaan Komite Audit
Table of Audit Committee Member Composition in 2025


             Nama                          Jabatan                                              Dasar Pengangkatan
             Name                          Position                                              Appointment Basis
 Rudi Antariksawan*                Ketua Komite                Keputusan Dewan Komisaris Jasa Marga No. KEP-80/VI/2025
                                   Committee Chairperson       Jasa Marga Board of Commissioners Decision No. KEP-80/VI/2025

 Tedi Kurniawan **                 Anggota                     Keputusan Dewan Komisaris Jasa Marga No. KEP-005/I/2026
                                   Member                      Decision of the Board of Commissioners of Jasa Marga No. KEP-005/I/2026

 Siti Purnama Rizki                Anggota                     Keputusan Dewan Komisaris Jasa Marga No. KEP-125/X/2023
                                   Member                      Jasa Marga Board of Commissioners Decree No. KEP-125/X/2023

 Fibria Indriati Dwi Liestiawati   Anggota                     Keputusan Dewan Komisaris PT Jasa Marga (Persero) Tbk, Nomor: KEP-035/III/2025
 ***                               Member                      PT Jasa Marga (Persero) Tbk Board of Commissioners Decree No: KEP-035/III/2025

 Seppalga Ahmad ****               Ketua                       Keputusan Dewan Komisaris Jasa Marga No. KEP-80/VI/2025
                                   Chairman                    Jasa Marga Board of Commissioners Decree No. KEP-80/VI/2025

 Seppalga Ahmad ****               Ketua                       Keputusan Dewan Komisaris Jasa Marga No. KEP-029/III/2023
                                   Chairman                    Jasa Marga Board of Commissioners Decree No. KEP-029/III/2023

 Chandra Wijaya *****              Ketua                       Keputusan Dewan Komisaris Jasa Marga No. KEP-029/III/2023
                                   Chairman                    Jasa Marga Board of Commissioners Decree No. KEP-029/III/2023

 Keterangan/Notes:
 *     Menjabat sejak 19 Januari 2026, sebelumnya menjabat sebagai Anggota Komite Audit sejak 05 Juni 2025 berdasarkan Keputusan Dewan Komisaris
       Jasa Marga No. KEP-80/VI/2025/Menjabat sejak 19 Januari 2026, sebelumnya menjabat sebagai Anggota Komite Audit sejak 05 Juni 2025 berdasarkan
       Keputusan Dewan Komisaris Jasa
       Marga No. KEP-80/VI/2025
 **    Menjabat sejak 19 Januari 2026/Appointed since January 19, 2026
 *** Menjabat sejak 03 Maret 2025/Appointed since March 3, 2025
 **** Menjabat sebagai Ketua sejak 05 Juni 2025 s.d. 17 Desember 2025, sebelumnya menjabat sebagai Anggota sejak 07 Maret 2023 s.d. 04 Juni 2025/
       Menjabat sebagai Ketua sejak 05 Juni 2025 s.d. 17 Desember 2025, sebelumnya menjabat sebagai Anggota sejak 07 Maret 2023 s.d. 04 Juni 2025
 ***** Menjabat sejak 07 Maret 2023 s.d. 07 Mei 2025/Appointed since March 7, 2023 until May 7, 2025




Profil Komite Audit                                                            Audit Committee Profile

Profil anggota Komite Audit dapat dilihat pada bagian Profil                  The profiles of the Audit Committee members are available
Komite Audit di Bab Profil Perusahaan dalam buku Laporan                      in the Audit Committee Profile section of the Company
Tahunan ini.                                                                  Profile chapter in this Annual Report.

Independensi Anggota Komite Audit                                             Independence of Audit Committee Members

Sesuai dengan ketentuan dalam Peraturan Otoritas Jasa                         In accordance with the provisions of Financial Services
Keuangan No. 55/POJK.04/2015 tanggal 23 Desember 2015                         Authority Regulation No. 55/POJK.04/2015 dated December
tentang Pembentukan dan Pedoman Pelaksanaan Komite                            23, 2015, on the Establishment and Implementation Guidelines
Audit, serta Peraturan Menteri Negara BUMN No. PER-3/                         for Audit Committees, as well as Minister of SOE Regulation
MBU/03/2023 tentang Organ dan Sumber Daya Manusia                             No. PER-3/MBU/03/2023 on Organs and Human Resources
Badan Usaha Milik Negara, seluruh anggota Komite Audit                        of State-Owned Enterprises, all members of the Company’s



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Ikhtisar Kinerja Utama               Laporan Manajemen        Profil Perusahaan         Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights           Management Report        Company Profile           Management Discussion and Analysis          Business Support Functions




Perseroan telah memenuhi persyaratan jumlah, komposisi,                          Audit Committee have met the requirements for number,
kriteria, kompetensi, dan independensi.                                          composition, criteria, competence, and independence.

Tabel Independensi Komite Audit
Table of Audit Committee Independence


        Aspek Independensi                       Rudi            Tedi            Siti Purnama    Fibria Indriati Dwi     Seppalga          Chandra
       Independence Aspect                  Antariksawan*    Kurniawan **             Rizki        Liestiawati***       Ahmad ****        Wijaya *****
 Tidak memiliki hubungan keuangan
 dengan Dewan Komisaris.
 Not having any financial affiliation
 with Board of Commissioners.

 Tidak memiliki hubungan
 kepengurusan di perusahaan, anak
 perusahaan, maupun perusahaan
 afiliasi.
 Not having any managerial affiliation
 in the Company, its subsidiaries, or
 affiliated companies.

 Tidak memiliki hubungan kepemilikan
 saham di perusahaan.
 Not having any shares ownership in
 the Company.

 Tidak memiliki hubungan
 kekeluargaan dengan Dewan
 Komisaris, Direksi, dan/atau sesama
 anggota Komite Audit.
 Not having any family affiliation with
 the Board of Commissioners, Board
 of Directors, and/or fellow Audit
 Committee Members.

 Tidak menjabat sebagai pengurus
 partai politik, pejabat, dan pemerintah.
 Not serving as administrators
 of political parties, officials and
 government

 Keterangan/Notes:
 *     Menjabat sejak 19 Januari 2026, sebelumnya menjabat sebagai Anggota Komite Audit sejak 05 Juni 2025 berdasarkan Keputusan Dewan Komisaris Jasa
       Marga No. KEP-80/VI/2025/Menjabat sejak 19 Januari 2026, sebelumnya menjabat sebagai Anggota Komite Audit sejak 05 Juni 2025 berdasarkan Keputusan
       Dewan Komisaris Jasa Marga No. KEP-80/VI/2025/ Appointed on 19 January 2026; previously served as a member of the Audit Committee from June 5, 2025
       pursuant to Jasa Marga Board of Commissioners’ Decision No. KEP-80/VI/2025/Appointed since January 19, 2026, previously served as a Member of the
       Audit Committee since June 5, 2025 pursuant to Jasa Marga Board of Commissioners’ Resolution No. KEP-80/VI/2025
 **    Menjabat sejak 19 Januari 2026/Appointed since January 19, 2026
 *** Menjabat sejak 03 Maret 2025/Appointed since March 3, 2025
 **** Menjabat sebagai Ketua sejak 05 Juni 2025 s.d. 17 Desember 2025, sebelumnya menjabat sebagai Anggota sejak 07 Maret 2023 s.d. 04 Juni 2025/Menjabat
       sebagai Ketua sejak 05 Juni 2025 s.d. 17 Desember 2025, sebelumnya menjabat sebagai Anggota sejak 07 Maret 2023 s.d. 04 Juni 2025/Served as Chairman
       from 5 June 2025 to 17 December 2025, previously served as a Member from 7 March 2023 to 4 June 2025/Served as Chair from 5 June 2025 to 17
       December 2025, previously served as a Member from 7 March 2023 to 4 June 2025
 ***** Menjabat sejak 07 Maret 2023 s.d. 07 Mei 2025/Appointed since March 7, 2023 until May 7, 2025/Served from 7 March 2023 to 7 May 2025/Appointed since
       7 March 2023 until 7 May 2025



Sebagai bentuk komitmen dan tanggung jawab Komite Audit                          As a form of commitment and responsibility of the Audit
atas terlaksananya prinsip-prinsip Tata Kelola Perusahaan,                       Committee for the implementation of Corporate Governance
serta sebagai upaya merealisasikan ketentuan tentang                             principles, as well as an effort to realize the provisions on
independensi yang ada dalam Piagam Komite Audit,                                 independence contained in the Audit Committee Charter,
Komite Audit Perseroan telah membuat Surat Pernyataan                            the Company’s Audit Committee has prepared a Statement
Independensi Komite Audit yang ditandatangani oleh Ketua                         of Independence of the Audit Committee signed by the
dan seluruh Anggota Komite Audit.                                                Chairman and all Members of the Audit Committee.

Beberapa pernyataan penting dalam Surat Pernyataan                               Some important statements in the Audit Committee
Independensi Komite Audit antara lain bahwa Komite Audit                         Independence Statement include that the Jasa Marga Audit
Jasa Marga:                                                                      Committee:
1. Tidak memiliki kepentingan/keterkaitan pribadi yang                           1. Has no personal interests/connections that could have
    dapat menimbulkan dampak negatif dan konflik                                     a negative impact and conflict of interest with the
    kepentingan terhadap Perseroan.                                                  Company.
2. Tidak memiliki saham Perseroan, baik langsung maupun                          2. Does not own any shares in the Company, either directly
    tidak langsung.                                                                  or indirectly.
3. Akan menjaga kerahasiaan dokumen, data, dan                                   3. Will maintain the confidentiality of the Company’s
    informasi Perseroan, baik dari pihak internal maupun                             documents, data, and information, both from internal



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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




     pihak eksternal, dan hanya digunakan untuk kepentingan                and external parties, and will only use them for the
     pelaksanaan tugas Komite Audit.                                       purposes of performing the Audit Committee’s duties.

Tugas, Tanggung Jawab, dan Wewenang Komite                            Audit Committee Duties, Responsibilities, and
Audit                                                                 Authorities

Piagam Komite Audit telah mengatur akan tugas dan                     The Audit Committee Charter stipulates the duties and
tanggung jawab komite sebagai berikut:                                responsibilities of the committee as follows:
1. Melakukan penelaahan dan memberikan rekomendasi                    1. Reviewing and providing recommendations on financial
    atas informasi keuangan untuk memastikan kredibilitas                 information to ensure the credibility and objectivity of
    dan objektivitas laporan keuangan Perseroan yang akan                 the Company's financial statements to be published for
    diterbitkan untuk pihak eksternal dan/atau pihak otoritas             external parties and/or authorities, including financial
    antara lain laporan keuangan, proyeksi, dan laporan                   statements, projections, and other reports related to the
    lainnya terkait dengan informasi keuangan Perseroan.                  Company's financial information.
2. Melakukan pemantauan dan evaluasi kesesuaian                       2. Monitoring and evaluating the appropriateness of the
    penerapan kebijakan keuangan dan Audit Intern                         implementation of financial policies and internal audits
    Perseroan maupun Anak Perusahaan Perseroan.                           of the Company and its subsidiaries.
3. Memberikan rekomendasi kepada Dewan Komisaris                      3. Providing recommendations to the Board of
    terkait penyusunan rencana audit, ruang lingkup, dan                  Commissioners regarding the preparation of audit plans,
    anggaran Internal Audit Group.                                        scope, and budget of the Internal Audit Group.
4. Mengevaluasi laporan auditor internal berkala dan                  4. Evaluating periodic internal auditor reports and
    merekomendasikan tindakan perbaikan untuk mengatasi                   recommending corrective actions to address control
    kelemahan pengendalian, kecurangan (fraud), masalah                   weaknesses, fraud, compliance issues with policies and
    kepatuhan terhadap kebijakan dan peraturan perundang-                 regulations, or other issues identified and reported by
    undangan atau masalah lain yang diidentifikasi dan                    the Internal Audit Group.
    dilaporkan oleh Internal Audit Group.
5. Memastikan Internal Audit Group menjunjung tinggi                  5. Ensuring that the Internal Audit Group upholds integrity
    integritas dalam pelaksanaan tugas.                                   in the performance of its duties.
6. Memastikan objektivitas dan independensi Auditor                   6. Ensuring the objectivity and independence of Internal
    Internal dan Auditor Eksternal.                                       Auditors and External Auditors.
7. Memantau dan mengkaji efektivitas pelaksanaan audit                7. Monitoring and reviewing the effectiveness of internal
    intern dan audit ekstern.                                             and external audits.
8. Menilai pelaksanaan kegiatan serta hasil audit yang                8. Assessing the implementation of activities and audit
    dilaksanakan oleh Auditor Internal maupun Auditor                     results carried out by Internal Auditors and External
    Eksternal.                                                            Auditors.
9. Memantau pelaksanaan tindak lanjut oleh Direksi atas               9. Monitoring the implementation of follow-up actions
    temuan Auditor Internal dan Auditor Eksternal.                        by the Board of Directors on the findings of Internal
                                                                          Auditors and External Auditors.
10. Melaksanakan pemantauan dan evaluasi terhadap                     10. Monitoring and evaluating the implementation of internal
    pelaksanaan fungsi audit intern dengan ketentuan                      audit functions in accordance with laws and regulations,
    peraturan perundang-undangan, anggaran dasar, dan/                    articles of association, and/or GMS/Ministerial Decrees.
    atau keputusan RUPS/Menteri.
11. Memastikan efektivitas Sistem Pengendalian Intern                 11. Ensuring the effectiveness of the Company's Internal
    Perseroan.                                                            Control System.
12. Memastikan Internal Audit Group melakukan komunikasi              12. Ensuring that the Internal Audit Group communicates
    dengan Direksi, Dewan Komisaris dan Auditor Eksternal.                with the Board of Directors, Board of Commissioners,
                                                                          and External Auditors.
13. Mengevaluasi kinerja Internal Audit Group.                        13. Evaluating the performance of the Internal Audit Group.
14. Memberikan rekomendasi kepada Dewan Komisaris                     14. Providing recommendations to the Board of
    terkait pemberian remunerasi tahunan IAU secara                       Commissioners       regarding   the    overall   annual
    keseluruhan serta penghargaan kinerja.                                remuneration of the IAU and performance awards.
15. Memberikan rekomendasi mengenai penyempurnaan                     15. Providing recommendations regarding improvements to
    sistem pengendalian manajemen serta pelaksanaannya.                   the management control system and its implementation.
16. Melakukan proses pengadaan calon Kantor Akuntan                   16. Conducting the procurement process for prospective
    Publik (KAP) sesuai dengan ketentuan pengadaan                        Public Accounting Firms (KAP) in accordance with the
    barang dan jasa, dan apabila diperlukan dapat meminta                 provisions on the procurement of goods and services,
    bantuan Direksi dalam proses pengadaannya.                            and if necessary, request assistance from the Board of
                                                                          Directors in the procurement process.
17. Memberikan rekomendasi kepada Dewan Komisaris                     17. Providing recommendations to the Board of
    mengenai penunjukan Akuntan yang didasarkan pada:                     Commissioners       regarding  the    appointment    of
                                                                          Accountants based on:
     a. Independensi AP, KAP, dan orang dalam KAP;                        a. The independence of the AP, KAP, and persons
                                                                              within the KAP;
     b. Ruang lingkup audit;                                              b. The audit scope;



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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




     c. Imbalan jasa audit;                                             c. The remuneration for audit services;
     d. Keahlian dan pengalaman AP, KAP, dan tim audit dari             d. The expertise and experience of the AP, KAP, and
        KAP;                                                                the KAP audit team;
     e. Metodologi, teknik, dan sarana audit yang digunakan             e. The audit methodology, techniques, and tools used
        KAP;                                                                by the KAP;
     f. Manfaat sudut pandang baru yang akan diperoleh                  f. The benefits of a new perspective that will be
        melalui penggantian AP, KAP, dan tim audit dari KAP;                obtained through the replacement of the AP, KAP,
                                                                            and the KAP audit team;
    g. Potensi risiko atas penggunaan jasa audit oleh KAP               g. The potential risks of using the audit services of
         yang sama secara berturut-turut untuk kurun waktu                  the same KAP consecutively for a sufficiently long
         yang cukup panjang; dan                                            period of time; and
    h. Hasil evaluasi terhadap pelaksanaan pemberian jasa               h. The results of the evaluation of the provision of audit
         audit atas informasi keuangan historis tahunan oleh                services for historical annual financial information by
         AP dan KAP pada periode sebelumnya.                                the AP and KAP in the previous period.
18. Memberikan pendapat independen dalam hal terjadi                18. Providing independent opinions in the event of
    perbedaan pendapat antara Manajemen dan Akuntan                     differences of opinion between Management and
    atas jasa yang diberikannya.                                        Accountants regarding the services provided.
19. Merekomendasikan Perusahaan Pemeringkat untuk                   19. Recommending a Rating Agency to conduct a Company
    melakukan Penilaian Tingkat Kesehatan Perusahaan dan                Soundness Assessment and, if necessary, requesting
    apabila diperlukan, dapat meminta bantuan Direksi untuk             assistance from the Board of Directors to procure a
    melakukan proses pengadaan Perusahaan Pemeringkat                   Rating Agency based on the applicable goods and
    berdasarkan mekanisme pengadaan barang dan jasa                     services procurement mechanism.
    yang berlaku.
20. Memberikan saran dan rekomendasi kepada Dewan                   20. Providing advice and recommendations to the Board of
    Komisaris terkait dengan adanya potensi benturan                    Commissioners regarding potential conflicts of interest
    kepentingan Perseroan.                                              within the Company.
21. Menyusun dan menyampaikan rencana kerja kepada                  21. Preparing and submitting a work plan to the Board of
    Dewan Komisaris untuk ditetapkan.                                   Commissioners for approval.
22. Melaksanakan dan melaporkan rencana kerja Komite                22. Implementing and reporting the Audit Committee's work
    Audit kepada Dewan Komisaris.                                       plan to the Board of Commissioners.
23. Menjaga kerahasiaan dokumen, data dan informasi                 23. Maintaining the confidentiality of the Company's
    Perseroan yang diperoleh, baik dari pihak internal                  documents, data, and information obtained, both from
    maupun pihak eksternal dan hanya digunakan untuk                    internal and external parties, and only use them for the
    kepentingan pelaksanaan tugas Komite Audit.                         purposes of carrying out the Audit Committee's duties.
24. Komite Audit menelaah pengaduan dan penindaklanjutan            24. The Audit Committee reviews complaints and follow-
    yang berkaitan dengan proses akuntansi dan/atau                     ups related to accounting processes and/or records
    catatan ketidakwajaran atau dugaan pelanggaran                      of irregularities or alleged violations of the Company's
    terhadap pelaporan keuangan Perseroan.                              financial reporting.
25. Melakukan identifikasi hal-hal yang memerlukan                  25. Identifying matters that require the attention of the
    perhatian Dewan Komisaris serta tugas-tugas Dewan                   Board of Commissioners and other duties of the Board
    Komisaris lainnya.                                                  of Commissioners.
26. Menjalankan wewenang, tugas, dan tanggung jawab                 26. Exercising other authorities, duties, and responsibilities
    lain yang terkait dengan fungsinya dari Dewan Komisaris             related to its functions from the Board of Commissioners
    sesuai dengan peraturan perundangan-undangan.                       in accordance with laws and regulations.

Dalam melaksanakan tugasnya Komite Audit mempunyai                  In carrying out its duties, the Audit Committee has the
wewenang sebagai berikut:                                           following authorities:
1. Mengakses seluruh dokumen, data dan informasi                    1. Accessing all documents, data, and information of the
   Perseroan yang relevan terkait dengan tugas dan                       Company that is relevant to the duties and responsibilities
   tanggung jawab Komite Audit dan melaporkan hasil                      of the Audit Committee and reporting the results of its
   penugasan kepada Dewan Komisaris.                                     assignments to the Board of Commissioners.
2. Berkomunikasi langsung dengan karyawan, termasuk                 2. Communicating directly with employees, including the
   Direksi dan pihak yang menjalankan fungsi audit intern,               Board of Directors and parties who perform internal
   manajemen risiko, dan akuntan terkait tugas dan                       audit, risk management, and accounting functions
   tanggung jawab Komite Audit.                                          related to the duties and responsibilities of the Audit
                                                                         Committee.
3. Melibatkan pihak independen di luar anggota Komite               3. Involving independent parties outside the Audit
   Audit yang diperlukan untuk membantu pelaksanaan                      Committee members who are needed to assist in the
   tugasnya (jika diperlukan).                                           performance of its duties (if necessary).
4. Melakukan kewenangan lain yang diberikan oleh Dewan              4. Exercising other authorities granted by the Board of
   Komisaris.                                                            Commissioners.




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




5. Dalam melaksanakan kewenangannya, Komite Audit                     5. In exercising its authority, the Audit Committee may
   dapat bekerja sama dengan Internal Audit Group.                       cooperate with the Internal Audit Group.

Tugas dan Tanggung Jawab Berkaitan dengan                             Duties and Responsibilities Related to the
Auditor Eksternal                                                     External Auditor

Komite Audit memberikan rekomendasi kepada Dewan                      The Audit Committee provides recommendations to the
Komisaris mengenai penunjukan Akuntan Publik dan Kantor               Board of Commissioners regarding the appointment of Public
Akuntan Publik untuk disampaikan kepada Rapat Umum                    Accountants and Public Accounting Firms to be submitted to
Pemegang Saham. Selanjutnya atas pelaksanaan Audit oleh               the General Meeting of Shareholders. Furthermore, the Audit
KAP, Komite Audit melakukan penelaahan. Apabila dalam                 Committee reviews the implementation of audits by the KAP.
pelaksanaan tugasnya, Auditor Eksternal tidak Memenuhi                If, in the performance of their duties, the External Auditors
standar dan ketentuan yang berlaku, maka Komite Audit                 do not meet the applicable standards and requirements,
dapat memberikan rekomendasi kepada Dewan Komisaris                   the Audit Committee may provide recommendations to
terkait pemberhentian Auditor Eksternal.                              the Board of Commissioners regarding the dismissal of the
                                                                      External Auditors.

Pembagian Tugas Antar Komite Audit                                    Division of Duties among the Audit Committee

Komite Audit tidak melakukan pembagian tugas secara                   Audit Committees do not divide duties specifically, but
spesifik, namun untuk setiap pekerjaan akan ditentukan                for each task, the appropriate person in charge will be
masing-masing penanggung jawab yang sesuai.                           determined.

Pengembangan Kompetensi Komite Audit                                  Audit Committee Competency Development

Pengembangan kompetensi Komite Audit dapat dilihat pada               The development of the Audit Committee’s competencies
Pendidikan dan/atau Pelatihan di Bab Profil Perusahaan                is available in Education and/or Training in the Company
dalam buku Laporan Tahunan ini.                                       Profile chapter of this Annual Report.

Kebijakan dan Besaran Remunerasi bagi Komite                          Audit Committee Remuneration Policy and
Audit                                                                 Amount

Berdasarkan Peraturan Menteri Negara BUMN No. PER-3/                  Based on the Minister of SOE Regulation No. PER-3/
MBU/03/2023 tanggal 24 Maret 2023 tentang Organ dan                   MBU/03/2023 dated March 24, 2023, on the Organization
Sumber Daya Manusia Badan Usaha Milik Negara, Anggota                 and Human Resources of State-Owned Enterprises,
Komite Audit yang bukan anggota Dewan Komisaris                       members of the Audit Committee who are not members of
memperoleh remunerasi berupa honorarium sebesar 20%                   the Board of Commissioners receive remuneration in the
dari gaji Direktur Utama.                                             form of an honorarium amounting to 20% of the President
                                                                      Director’s salary.

Pelaksanaan Tugas Komite Audit                                        Implementation of Audit Committee Duties

Dalam melaksanakan tugas, kewajiban, dan kewenangan                   In carrying out its duties, obligations, and authorities as a
sebagai bentuk tanggung jawab peran dan fungsi Komite                 form of responsibility for the role and function of the Audit
Audit selama tahun 2025, realisasi atas pelaksanaan tugas             Committee in 2025, the realization of the Audit Committee's
Komite Audit di antaranya sebagai berikut:                            duties includes the following:
1. Rapat Komite Audit                                                 1. Audit Committee Meetings
   Piagam Komite Audit juga mengatur mengenai rapat                       The Audit Committee Charter also regulates Audit
   Komite. Sekurang-kurangnya sekali dalam 1 (satu) bulan,                Committee meetings. At least once a month, Audit
   anggota Komite Audit diwajibkan untuk mengadakan                       Committee members must hold a meeting at which
   rapat dimana keputusan yang diambil dilakukan                          decisions are made by consensus. Decisions can be
   berdasarkan musyawarah untuk mufakat. Keputusan                        made if more than half of the members are present at
   rapat dapat diambil apabila rapat dihadiri oleh lebih dari             the meeting.
   ½ (satu per dua) jumlah anggota.

     Dalam hal tidak terjadi musyawarah mufakat, pengambilan               In the event that consensus cannot be reached, decisions
     keputusan dilakukan dengan suara terbanyak. Setiap                    shall be made by majority vote. Every Audit Committee
     rapat Komite Audit harus dituangkan dalam risalah rapat               meeting must be recorded in the minutes, which shall
     yang ditandatangani oleh seluruh anggota Komite Audit                 be signed by all Audit Committee members present. Any
     yang hadir. Perbedaan pendapat yang terjadi dalam                     differences of opinion that arise during the committee
     rapat komite wajib dicantumkan secara jelas dalam                     meeting must be clearly stated in the minutes of the
     risalah rapat beserta alasan perbedaan tersebut.                      meeting, along with the reasons for such differences.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                            613
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01                                  02                          03                         04                                          05
Ikhtisar Kinerja Utama              Laporan Manajemen           Profil Perusahaan           Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report           Company Profile             Management Discussion and Analysis          Business Support Functions




     Sepanjang     tahun   2025,     Komite Audit telah                                   Throughout 2025, the Audit Committee held 18 meetings
     menyelenggarakan Rapat sebanyak 18 kali, dengan                                      with the following agenda items:
     agenda di antaranya sebagai berikut:
     1. Laporan Tahunan Komite Audit.                                                     1.  Annual Report of the Audit Committee.
     2. Penugasan Dewan Komisaris.                                                        2.  Assignment of the Board of Commissioners.
     3. Monitoring program kerja Audit.                                                   3.  Monitoring of the Audit work program.
     4. Review Program Kerja Bulanan.                                                     4.  Review of the Monthly Work Program.
     5. Evaluasi kegiatan Komite Audit.                                                   5.  Evaluation of the Audit Committee's activities.
     6. Monitoring kegiatan Audit.                                                        6.  Monitoring of Audit Activities.
     7. Telaah Anak Perusahaan.                                                           7.  Review of Subsidiaries.
     8. Telaah Tanggapan Permintaan Pemegang Saham                                        8.  Review of Responses to Requests from Controlling
         Pengendali.                                                                          Shareholders.
     9. Laporan Pengawasan.                                                               9. Supervision Report.
     10. Program Kerja Komite Audit.                                                      10. Audit Committee Work Program.
     11. Rencana Kerja KA Tahun 2025.                                                     11. KA Work Plan for 2025.
     12. Rencana Kerja KA Bulan Juni 2025.                                                12. KA Work Plan for June 2025.
     13. Pending Matters.                                                                 13. Pending Matters.
     14. Revisi RKAP 2025.                                                                14. Revision of the 2025 RKAP.
     15. Piagam Komite Audit.                                                             15. Audit Committee Charter.
     16. Program Kerja Pengawasan Tahunan Komite Audit                                    16. Annual Audit Committee Supervision Work Program
         Tahun 2026.                                                                          for 2026.

Tabel Kehadiran Komite Audit dalam Rapat Komite Audit 2025
Table of Audit Committee’s Attendance at the 2025 Audit Committee Meetings

                                         Rudi                Tedi           Siti Purnama         Fibria Indriati Dwi        Seppalga           Chandra
                                    Antariksawan*        Kurniawan**             Rizki             Liestiawati***          Ahmad ****         Wijaya *****
 Jumlah Rapat Dalam Setahun
                                                                                                 18
 Total Meetings in One Year

 Jumlah Rapat yang Wajib Dihadiri
                                            8                  0                    18                    14                     18                  8
 Total Mandatory Meetings

 Jumlah Rapat yang Dihadiri
                                            8                  0                    18                    14                     18                  8
 Total Attended Meetings

 Presentasi Kehadiran (%)
                                          100%                N/A                  100%                  100%                   100%               100%
 Attendance Percentage (%)

 Rata-Rata (%)
                                                                                               100%
 Average (%)

 Keterangan/Notes:
 *     Menjabat sejak 19 Januari 2026, sebelumnya menjabat sebagai Anggota Komite Audit sejak 05 Juni 2025 berdasarkan Keputusan Dewan Komisaris Jasa
 Marga No. KEP-80/VI/2025/Menjabat sejak 19 Januari 2026, sebelumnya menjabat sebagai Anggota Komite Audit sejak 05 Juni 2025 berdasarkan Keputusan
 Dewan Komisaris Jasa Marga No. KEP-80/VI/2025/Appointed on January 19, 2026; previously served as a member of the Audit Committee from June 5, 2025
 pursuant to Jasa Marga Board of Commissioners’ Decision No. KEP-80/VI/2025/Appointed since January 19, 2026, previously served as a Member of the Audit
 Committee since June 5 2025 pursuant to Jasa Marga Board of Commissioners’ Resolution
 No. KEP-80/VI/2025
 **    Menjabat sejak 19 Januari 2026/Appointed since January 19, 2026
 *** Menjabat sejak 03 Maret 2025/Appointed since March 3, 2025
 **** Menjabat sebagai Ketua sejak 05 Juni 2025 s.d. 17 Desember 2025, sebelumnya menjabat sebagai Anggota sejak 07 Maret 2023 s.d. 04 Juni 2025/Menjabat
 sebagai Ketua sejak 05 Juni 2025 s.d. 17 Desember 2025, sebelumnya menjabat sebagai Anggota sejak 07 Maret 2023 s.d. 04 Juni 2025/Served as Chairman from
 June 5, 2025 to December 17, 2025, previously served as a Member from March 7, 2023 to June 4, 2025/Served as Chair from June, 5 2025 to December 17, 2025,
 previously served as a Member from March 7, 2023 to June 4, 2025
 ***** Menjabat sejak 07 Maret 2023 s.d. 07 Mei 2025/Appointed since March 7, 2023 until May 7, 2025


2. Kunjungan Lapangan/Unit Usaha                                                    2. Field/Business Unit Visits
   Komite Audit melaksanakan kegiatan kunjungan ke                                     The Audit Committee conducts field visits/business
   lapangan/unit usaha guna mendapatkan gambaran dan                                   unit visits to obtain a clearer picture and more accurate
   informasi yang lebih akurat/jelas mengenai bidang atau                              information regarding areas or matters that require
   hal-hal yang perlu mendapat perhatian.                                              attention.

     Selama Tahun 2025, Komite Audit telah melaksanakan 9                                 Throughout 2025, the Audit Committee conducted nine
     kali kunjungan, dengan rincian sebagai berikut:                                      visits, with the following details:


                        Tanggal                                                                   Lokasi
       No.
                         Date                                                                    Location
        1.       06-07 Maret 2025               Ruas Jalan Tol Fungsional Jalan Tol Yogya-Solo dalam Rangka Persiapan Idul Fitri Tahun 2025
                 March 6-7, 2025                Functional Toll Road Sections of the Yogya-Solo Toll Road in Preparation for Eid al-Fitr 2025

        2.       17-19 Maret                    Jalan Tol Transjawa dalam Rangka Kesiapan Operasional Mudik Idul Fitri Tahun 2025
                 March 17-19, 2025              Trans-Java Toll Road in Preparation for Eid al-Fitr 2025 Homecoming Operations



614                                                                                        Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
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06                                 07                                   08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan     Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility      Reference of POJK, SEOJK, and ARA Criteria




                       Tanggal                                                           Lokasi
          No.
                        Date                                                            Location
          3.    19 Juni 2025               Proyek Jalan Tol Jakarta-Cikampek Selatan
                June 19, 2025              Jakarta-Cikampek Selatan Toll Road Project

          4.    15 Juli 2025               Jasa Marga Tollroad Command Center, Jatiasih Bekasi
                July 15, 2025

          5.    07-09 Agustus 2025         PT Jasamarga Manado Bitung
                August 7-9, 2025

          6.    24-27 Oktober 2025         PT Jasamarga Ngawi Kertosono Kediri
                October 24-27, 2025

          7.    03-05 November 2025        PT Jasamarga Probolinggo Banyuwangi
                November 3-5, 2025

          8.    19-20 November 2025        PT Jasamarga Jogja Solo
                November 19-20, 2025

          9.    19-20 November 2025        Ruas Jalan Tol Trans Jawa dan Ruas Jalan Tol Fungsional Tol Yogya-Solo dalam Rangka Persiapan
                November 19-20, 2025       Nataru Tahun 2025
                                           Trans Java Toll Road Sections and Functional Toll Road Sections of the Yogya-Solo Toll Road in
                                           Preparation for the 2025 Christmas and New Year Holidays


3. Pengembangan Kompetensi Komite Audit                                   3. Audit Committee Competency Development
   Sepanjang       tahun     2025,      Perseroan    telah                   Throughout 2025, the Company has enrolled the Audit
   mengikutsertakan Komite Audit pada berbagai pelatihan                     Committee in various training programmes as part
   sebagai bentuk pengembangan kompetensi. Lebih                             of its competence development initiatives. Further
   lanjut mengenai pengembangan kompetensi Komite                            details regarding the Audit Committee’s competence
   Audit, dapat dilihat pada Bab Profil Perusahaan, bagian                   development can be found in the Company Profile
   Pengembangan Kompetensi Komite Audit.                                     section,   under   ‘Audit  Committee    Competence
                                                                             Development’.

4. Pengawasan Kegiatan Internal Audit                                     4. Oversight of Internal Audit Activities
   Komite Audit terus melakukan koordinasi dengan                            The Audit Committee maintains ongoing coordination
   Internal Audit Group (IAU) dan mempelajari hasil audit                    with the Internal Audit Group (IAU) and reviews the
   internal serta tindak lanjutnya dalam rangka memastikan                   results of internal audits and their follow-up actions in
   efektifitas pelaksanaan tugas dan fungsi Internal Audit.                  order to ensure the effective performance of the duties
                                                                             and functions of Internal Audit.

     Kegiatan Komite Audit di antaranya sebagai berikut:                       The activities of the Audit Committee include the
                                                                               following:
     i.   Memantau dan mengkaji efektifitas pelaksanaan                        i. Monitoring and reviewing the effectiveness of
          audit internal.                                                            internal audit implementation.
     ii. Memastikan objektivitas dan independensi Auditor                      ii. Ensuring the objectivity and independence of the
          Internal.                                                                  Internal Auditor.
     iii. Memastikan IAU melakukan komunikasi dengan                           iii. Ensuring that the IAU communicates with the Board
          Direksi, Dewan Komisaris dan Auditor Internal.                             of Directors, the Board of Commissioners and the
                                                                                     Internal Auditors.
     iv. Melakukan     pemantauan     dan    evaluasi  atas                    iv. Monitoring and evaluating the compliance of the
         kesesuaian penerapan Audit Internal Induk maupun                            implementation of internal audits at both the Parent
         Anak Perusahaan.                                                            Company and Subsidiaries.
     v. Memberikan rekomendasi kepada Dewan Komisaris                          v. Providing recommendations to the Board of
         terkait pelaksanaan audit dan perencanaan audit.                            Commissioners regarding the conduct of audits and
                                                                                     audit planning.
     vi. Memberikan rekomendasi kepada Dewan Komisaris                         vi. Providing recommendations to the Board of
           terkait pelaksanaan audit internal tahunan dan                            Commissioners regarding the conduct of annual and
           triwulanan.                                                               quarterly internal audits.
     vii. Melakukan evaluasi laporan auditor internal berkala                  vii. Conducting periodic evaluations of internal audit
           dan merekomendasikan tindakan perbaikan terkait                           reports and recommending corrective actions
           penguatan pengendalian, kecurangan (fraud),                               regarding the strengthening of controls, fraud,
           kepatuhan terhadap kebijakan dan pengaturan                               compliance with policies and statutory regulations,
           perundang undangan atau hal lain yang dilaporkan                          or other matters reported by the Internal Audit
           oleh Internal Audit Group.                                                Group.
     viii. Melaksanakan pemantauan dan evaluasi terhadap                       viii. Carrying out monitoring and evaluation of the
           pelaksanaan fungsi Audit Internal lainnya sesuai                          performance of other Internal Audit functions
           dengan ketentuan peraturan perundang-undangan,                            in accordance with the provisions of laws and
           Anggaran Dasar dan/atau keputusan RUPS.                                   regulations, the Articles of Association and/or
                                                                                     decisions of the General Meeting of Shareholders.


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01                           02                   03                       04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen    Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report    Company Profile           Management Discussion and Analysis       Business Support Functions




5. Pengawasan Kegiatan Eksternal Audit                               5. Supervision of External Audit Activities
   a. Kantor Akuntan Publik                                             a. Public Accounting Firm
      Audit Umum atas Laporan Keuangan Konsolidasian                       The General Audit of the Company’s Consolidated
      Perseroan Tahun Buku 2025 dilakukan oleh Akuntan                     Financial Statements for the 2025 Fiscal Year was
      Publik Amir Abadi Jusuf, Aryanto, Mawar & Rekan                      conducted by Public Accountants Amir Abadi
      (Anggota Jaringan Global RSM). Penetapan KAP                         Jusuf, Aryanto, Mawar & Partners (Member of the
      dimaksud telah dilakukan dan telah disetujui oleh                    RSM Global Network). The appointment of the
      Rapat Umum Pemegang Saham (RUPS) Tahunan                             aforementioned KAP has been made and approved
      Tahun Buku 2024 yang diselenggarakan pada                            by the Annual General Meeting of Shareholders
      tanggal 7 Mei 2025.                                                  (GMS) for the 2024 Fiscal Year held on May 7, 2025.

        Dalam pelaksanaan audit laporan keuangan                             In conducting the audit of the Company’s
        konsolidasian Perseroan, Komite Audit menilai                        consolidated financial statements, the Audit
        pelaksanaan kegiatan dan hasil audit yang dilakukan                  Committee assessed the implementation of activities
        oleh auditor eksternal dan independensi auditor,                     and audit results carried out by external auditors
        dengan melakukan hal-hal di antaranya yang                           and auditor independence by, among other things,
        mencakup pengawasan melalui penyelenggaraan                          conducting supervision through the implementation
        pre-kickoff meeting sampai dengan kickoff meeting                    of a pre-kick-off meeting to a kick-off meeting as
        serta meeting secara berkala bersama Internal Audit                  well as periodic meetings with the Internal Audit
        Group dan Accounting and Tax Group dalam rangka:                     Group and Accounting and Tax Group to:
        i. Memantau dan mengkaji efektivitas pelaksanaan                     i. Monitor and review the effectiveness of External
             Audit Eksternal.                                                     Audits.
        ii. Memastikan objektivitas dan independensi                         ii. Ensure the objectivity and independence of
             Auditor Eksternal.                                                   External Auditors.
        iii. Memastikan kredibilitas dan objektivitas laporan                iii. Ensure the credibility and objectivity of SOE
             keuangan BUMN yang diterbitkan untuk pihak                           financial statements published for external
             eksternal dan badan pengawas.                                        parties and supervisory bodies.
        iv. Memantau dan mengkaji proses pelaporan                           iv. Monitor and review the financial reporting
             keuangan yang diaudit oleh Auditor Eksternal.                        process audited by External Auditors.
        v. Melakukan pemantauan dan evaluasi atas                            v. Monitor and evaluate the compliance with the
             kesesuaian penerapan kebijakan keuangan Induk                        implementation of financial policies by parent
             maupun anak perusahaan.                                              and subsidiary companies.
     b. Auditor Eksternal                                                 b. External Auditor
        Komite Audit melakukan penelaahan atas Laporan                       The Audit Committee reviewed the Supervisory
        Pengawasan atas Pelaksanaan Audit Terhadap                           Report on the Implementation of Audits on
        Kepatuhan       atas    Perundang-undangan        dan                Compliance with Legislation and Internal Control.
        Pengendalian Internal.

6. Pengawasan atas Informasi Keuangan Komite Audit                   6. Supervision of Financial Information
   melakukan berbagai kegiatan dalam rangka pengawasan                  The Audit Committee carried out various activities in
   atas informasi keuangan serta review atas usulan/revisi              the context of supervising financial information and
   RKAP dan RJPP.                                                       reviewing proposed/revised RKAP and RJPP.

7.   Dukungan terhadap Program Kerja Dewan Komisaris                 7.   Support for the Board of Commissioners’ Work Program
     Komite Audit secara aktif terlibat dalam berbagai                    The Audit Committee is actively involved in various
     kegiatan Dewan Komisaris, antara lain berupa                         activities of the Board of Commissioners, including
     rapat Dewan Komisaris, Rapat Gabungan Dewan                          Board of Commissioners meetings, Joint Meetings of
     Komisaris bersama Direksi, Rapat dengan Pemerintah                   the Board of Commissioners and the Board of Directors,
     dan stakeholders lainnya, melakukan visitasi dan                     Meetings with the Government and other stakeholders,
     pengembangan kompetensi. Hasil kegiatan disampaikan                  conducting visits, and competency development. The
     secara langsung dalam rapat atau secara tertulis kepada              results of these activities are submitted directly in
     Dewan Komisaris.                                                     meetings or in writing to the Board of Commissioners.

     Beberapa kegiatan dalam rangka dukungan kepada                       Some of the activities in support of the Board of
     Program Kerja Dewan Komisaris di antaranya sebagai                   Commissioners’ Work Program include the following:
     berikut:
     a. Menghadiri Rapat Dewan Komisaris, Rapat Koordinasi                a. Attending meetings of the Board of Commissioners,
         Dewan Komisaris dengan Direksi, maupun rapat-                       coordination meetings between the Board of
         rapat lainnya.                                                      Commissioners and the Board of Directors, and
                                                                             other meetings.
     b. Mengikuti peninjauan lapangan bersama Dewan                       b. Participating in site visits with the Board of
        Komisaris.                                                           Commissioners.
     c. Melakukan    pembahasan     dan   memberikan                      c. Discussing    and    providing   recommendations
        rekomendasi mengenai permohonan persetujuan                          regarding requests for approval of investments in



616                                                                        Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




          investasi pada Anak Perusahaan, review atas Visi                      subsidiaries, and reviewing the Company’s Vision
          dan Misi Perseroan.                                                   and Mission.
     d.   Melakukan     pembahasan       dan     memberikan                d.   Discussing     and    providing     recommendations
          rekomendasi mengenai usulan KPI Kolegial.                             regarding proposals for Collegial KPIs.
     e.   Melakukan     pembahasan       dan     memberikan                e.   Discussing     and    providing     recommendations
          rekomendasi mengenai permohonan persetujuan                           regarding requests for investment approval for
          investasi pada Anak Perusahaan, review atas Visi                      Subsidiaries, and reviewing the Company’s Vision
          dan Misi Perseroan.                                                   and Mission.
     f.   Mengikuti peninjauan lapangan dalam Kunjungan                    f.   Participating in site visits during the Board of
          Kerja Dewan Komisaris ke Anak Perusahaan untuk                        Commissioners’ working visits to Subsidiaries to
          melihat langsung aktivitas dan/atau kondisi di Anak                   observe first-hand the activities and/or conditions at
          Perusahaan.                                                           the Subsidiaries.
     g.   Melakukan     pembahasan       dan     memberikan                g.   Discussing     and    providing     recommendations
          rekomendasi mengenai usulan KPI Kolegial.                             regarding proposed collegial KPIs.
     h.   Melakukan rapat koordinasi bersama Komite-komite                 h.   Holding coordination meetings with the Committees
          Dewan Komisaris mengenai Program Kerja.                               of the Board of Commissioners regarding the Work
                                                                                Programme.
     i.   Melakukan rapat koordinasi bersama Komite-komite                 i.   Holding coordination meetings with the Committees
          Dewan Komisaris dengan unit kerja dalam rangka                        of the Board of Commissioners and operational units
          membahas RJPP, manajemen risiko, dan lain-lain.                       to discuss the RJPP, risk management, and other
                                                                                matters.
     j. Mengikuti peninjauan lapangan dalam Kunjungan                      j.   Participate in site visits during the Board of
        Kerja Dewan Komisaris ke Anak Perusahaan untuk                          Commissioners’ working visits to subsidiaries to
        melihat langsung aktivitas dan/atau kondisi di Anak                     observe first-hand the activities and/or conditions at
        Perusahaan.                                                             the subsidiaries.
     k. Melakukan      pembahasan      dan     memberikan                  k.   Discussing     and    providing     recommendations
        rekomendasi mengenai pengawasan kegiatan audit                          regarding the supervision of internal audit activities,
        internal, pengawasan kegiatan audit eksternal, dan                      the supervision of external audit activities, and the
        pengawasan atas informasi keuangan.                                     supervision of financial information.
     l. Melakukan rapat koordinasi bersama Komite-komite                   l.   Holding coordination meetings with the Committees
        Dewan Komisaris dengan unit kerja dalam rangka                          of the Board of Commissioners and operational units
        membahas RJPP, manajemen risiko, dan lain-lain.                         to discuss the RJPP, risk management, and other
                                                                                matters.

8. Proses Internal Komite Audit                                       8. Internal Processes of the Audit Committee
   Komite Audit menyelenggarakan rapat baik khusus                       The Audit Committee holds meetings specifically for
   untuk anggota Komite Audit maupun rapat Bersama                       Audit Committee members as well as joint meetings
   Komite Dewan Komisaris. Komite Audit juga melakukan                   with the Board of Commissioners Committee. The
   rapat lain dengan mengundang pihak manajemen                          Audit Committee also holds other meetings with invited
   perusahaan dengan isu yang dibahas. Selain rapat                      company management to discuss specific issues. In
   formal, Komite Audit juga melakukan kegiatan internal                 addition to formal meetings, the Audit Committee carries
   berupa pengumpulan dokumen, penyusunan nota dinas,                    out internal activities such as collecting documents,
   kajian dan materi rapat, komunikasi secara informal                   preparing official memos, reviewing and preparing
   dengan berbagai pihak terkait.                                        meeting materials, and communicating informally with
                                                                         various related parties.

9. Laporan                                                            9. Reports
   Selama tahun 2025, Komite Audit memberikan laporan                    In 2025, the Audit Committee provided reports and
   dan rekomendasi kepada Dewan Komisaris serta                          recommendations to the Board of Commissioners and
   melakukan Komunikasi kepada Internal Audit Group                      communicated with the Internal Audit Group in writing
   secara tertulis di antaranya terkait hal-hal sebagai                  on the following matters, among others:
   berikut:
   a. Laporan Manajemen Perseroan.                                         a. Company Management Report.
   b. Pelaksanaan Program Kerja Komite Audit Tahunan                       b. Implementation of the Annual Audit Committee Work
       (PKAT) Internal Audit.                                                 Program (PKAT) Internal Audit.
   c. Efektivitas Pengendalian Internal.                                   c. Effectiveness of Internal Control.
   d. Pengkomunikasian Hal Audit Utama dalam Laporan                       d. Communication of Key Audit Matters in the Public
       Akuntan Publik atas Laporan Keuangan.                                  Accountant's Report on the Financial Statements.
   e. Hasil Telaah Komite Audit.                                           e. Results of the Audit Committee Review.
   f. Evaluasi Pelaksanaan Pemberian Jasa Audit atas                       f. Evaluation of the Implementation of Audit Services
       Laporan Keuangan Konsolidasian (Berdasarkan                            on Consolidated Financial Statements (Based on
       Peraturan OJK dan Peraturan Menteri BUMN                               OJK Regulations and Minister of SOE Regulation
       No. PER-2/MBU/03/2023).                                                No. PER-2/MBU/03/2023).
   g. Pelaksanaan Audit Terhadap Kepatuhan atas                            g. Implementation of Audits on Compliance with Laws
       Perundang-undangan dan Pengendalian Internal.                          and Regulations and Internal Controls.


PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                617
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01                               02                          03                      04                                          05
Ikhtisar Kinerja Utama           Laporan Manajemen           Profil Perusahaan        Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report           Company Profile          Management Discussion and Analysis          Business Support Functions




       h. Audit Laporan Keuangan Program Pendanaan Usaha                           h. Audit of Financial Statements for Micro and Small
          Mikro dan Usaha Kecil (PUMK).                                               Business Funding Programs (PUMK).
       i. Informasi Keuangan Tahun Buku 2024 PT Jasa                               i. Financial Information for the 2024 Fiscal Year of
          Marga (Persero) Tbk                                                         PT Jasa Marga (Persero) Tbk
       j. Laporan Keuangan Perseroan.                                              j. Company Financial Statements.



Pemenuhan Key Performance Indicator (KPI)                                       Fulfillment of Audit Committee Key Performance
Komite Audit                                                                    Indicators (KPIs)

Dalam melaksanakan tugasnya, Komite Audit selalu                                In carrying out its duties, the Audit Committee always refers
berpedoman pada Program Kerja Tahunan Komite Audit                              to the Audit Committee’s Annual Work Program (PKTKA).
(PKTKA). Secara umum, PKT-KA Tahun 2025 telah disusun                           In general, the 2025 PKT-KA has been prepared and
dan dilaksanakan sesuai dengan target yang telah ditetapkan                     implemented in accordance with the targets set out in the
sebagaimana dalam piagam Komite Audit.                                          Audit Committee’s charter.

Berdasarkan self-assessment yang dilakukan, Komite                              Based on the self-assessment conducted, the Audit
Audit telah memenuhi semua indikator penilaian sehingga                         Committee has met all assessment indicators, resulting in a
menghasilkan skor 100. Perincian self-assessment KPI                            score of 100. The details of the self-assessment of the Audit
Komite Audit Tahun 2025 kami sampaikan sebagai berikut:                         Committee’s KPIs for 2025 are as follows:



               Tugas Dan Tanggung Jawab                                    Program Kerja                           Realisasi          Keterangan
 No.            Duties and Responsibilities                                Work Program                           Realization         Description
   1      Melakukan penelaahan dan memberikan             Melakukan penelaahan atas Laporan Keuangan                  100%                   -
          rekomendasi atas informasi keuangan             Triwulanan Konsolidasian.
          untuk memastikan kredibilitas dan               Reviewing the Consolidated Quarterly Financial
          objektivitas laporan keuangan Perseroan         Statements.
          yang akan diterbitkan untuk pihak
                                                          Melakukan penelaahan atas Laporan Keuangan                  100%                   -
          eksternal dan/atau pihak otoritas antara
                                                          Tahunan Konsolidasian.
          lain laporan keuangan, proyeksi, dan
                                                          Reviewing the Consolidated Annual Financial
          laporan lainnya terkait dengan informasi
                                                          Statements.
          keuangan Perseroan.
          Reviewing and providing recommendations         Melakukan Progress dan Exit Meeting dengan KAP.             100%                   -
          on financial information to ensure              Conducting Progress and Exit Meetings with KAP.
          the credibility and objectivity of the          Melakukan penelaahan atas Laporan Keuangan                  100%                   -
          Company's financial statements to be            Triwulan dan Tahunan Konsolidasian Perusahaan.
          published for external parties and/or           Reviewing the Company's Consolidated
          authorities, including financial statements,    Quarterly and Annual Financial Statements.
          projections, and other reports related to
          the Company's financial information.            Melakukan Penelaahan atas Laporan Manajemen                 100%                   -
                                                          Triwulan dan Tahunan Konsolidasian Perusahaan.
                                                          Reviewing the Company's Consolidated
                                                          Quarterly and Annual Management Reports.

   2      Melakukan pemantauan dan evaluasi               Melakukan diskusi dengan KAP atas penerapan                 100%                   -
          kesesuaian penerapan kebijakan                  PSAK diinduk dan anak perusahaan.
          keuangan dan Audit Intern Perseroan             Discussing the application of PSAK with the
          maupun Anak Perusahaan Perseroan.               parent company and subsidiaries.
          Monitoring and evaluating the
                                                          Melakukan diskusi dengan Internal Audit Induk               100%                   -
          appropriateness of the implementation of
                                                          dan anak perusahaan atas penerapan audit intern
          financial policies and internal audits of the
                                                          perseroan (Program Kerja Tahunan IAU).
          Company and its subsidiaries.
                                                          Discussing the application of the internal audit of
                                                          the company (IAU Annual Work Program) with the
                                                          parent company and subsidiaries' internal audit.

   3      Memberikan rekomendasi kepada Dewan             Melakukan evaluasi usulan PKAT IAU.                         100%                   -
          Komisaris terkait penyusunan rencana            Evaluating the IAU PKAT proposal.
          audit, ruang lingkup, dan anggaran IAU.
                                                          Evaluasi kualitas dan kecukupan sumber daya                 100%                   -
          Providing recommendations to the
                                                          audit internal.
          Board of Commissioners regarding the
                                                          Evaluating the quality and adequacy of internal
          preparation of audit plans, scope, and
                                                          audit resources.
          budget of the Internal Audit Group.




618                                                                                 Laporan Tahunan 2025 Annual Report       PT Jasa Marga (Persero) Tbk
Page 619
06                               07                                      08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




             Tugas Dan Tanggung Jawab                                  Program Kerja                             Realisasi    Keterangan
 No.          Duties and Responsibilities                              Work Program                             Realization   Description
   4    Mengevaluasi laporan auditor internal          Melakukan evaluasi Laporan IAU Triwulanan dan                  100%         -
        berkala dan merekomendasikan tindakan          Tahunan.
        perbaikan untuk mengatasi kelemahan            Evaluate quarterly and annual IAU reports.
        pengendalian, kecurangan (fraud),
        masalah kepatuhan terhadap kebijakan
        dan peraturan perundang-undangan
        atau masalah lain yang diidentifikasi dan
        dilaporkan oleh IAU.
        Evaluating periodic internal auditor
        reports and recommending corrective
        actions to address control weaknesses,
        fraud, compliance issues with policies and
        regulations, or other issues identified and
        reported by the Internal Audit Group.

   5    Memastikan IAU menjunjung tinggi               Melakukan evaluasi Kinerja IAU Triwulan dan                    100%         -
        integritas dalam pelaksanaan tugas.            Tahunan.
        Ensuring that the Internal Audit Group         Evaluate quarterly and annual IAU performance.
        upholds integrity in the performance of
        its duties.

   6    Memastikan objektivitas dan                    Melaksanakan Rapat Triwulanan dan Tahunan                      100%         -
        independensi Auditor Internal dan Auditor      dengan IAU.
        Eksternal.                                     Conduct Quarterly and Annual Meetings with
        Ensuring the objectivity and                   IAU.
        independence of Internal Auditors and
        External Auditors.

   7    Memantau dan mengkaji efektivitas              Melaksanakan Rapat Triwulanan dan Tahunan                      100%         -
        pelaksanaan audit intern dan audit             dengan IAU.
        ekstern.                                       Conduct Quarterly and Annual Meetings with
        Monitoring and reviewing the                   IAU.
        effectiveness of internal and external
        audits.

   8    Menilai pelaksanaan kegiatan serta hasil       Melakukan evaluasi Laporan IAU Triwulan dan                    100%         -
        audit yang dilaksanakan oleh Auditor           Tahunan.
        Internal maupun Auditor Eksternal.             Evaluate IAU Quarterly and Annual Reports.
        Assessing the implementation of activities
        and audit results carried out by Internal
        Auditors and External Auditors.

   9    Memantau pelaksanaan tindak lanjut oleh        Melaksanakan Rapat Triwulanan dengan IAU.                      100%         -
        Direksi atas temuan Auditor Internal dan       Conduct Quarterly Meetings with IAU.
        Auditor Eksternal.
        Monitoring the implementation of follow-
        up actions by the Board of Directors
        on the findings of Internal Auditors and
        External Auditors.

  10    Melaksanakan pemantauan dan evaluasi           Melakukan evaluasi Laporan IAU Triwulan dan                    100%         -
        terhadap pelaksanaan fungsi audit intern       Tahunan.
        dengan ketentuan peraturan perundang-          Evaluate IAU Quarterly and Annual Reports.
        undangan, anggaran dasar, dan/atau
        keputusan RUPS/Menteri.
        Monitoring and evaluating the
        implementation of internal audit functions
        in accordance with laws and regulations,
        articles of association, and/or GMS/
        Ministerial Decrees.

  11    Memastikan efektivitas sistem                  Evaluasi efektivitas pengendalian internal.                    100%         -
        pengendalian Intern Perseroan.                 Evaluate the effectiveness of internal control.
        Ensuring the effectiveness of the
        Company's Internal Control System.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                       619
Page 620
01                             02                       03                     04                                             05
Ikhtisar Kinerja Utama         Laporan Manajemen        Profil Perusahaan       Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights     Management Report        Company Profile         Management Discussion and Analysis             Business Support Functions




               Tugas Dan Tanggung Jawab                               Program Kerja                          Realisasi             Keterangan
 No.            Duties and Responsibilities                           Work Program                          Realization            Description
  12     Memastikan IAU melakukan komunikasi         Melaksanakan Rapat Triwulanan dan Tahunan                  100%                      -
         dengan Direksi, Dewan Komisaris dan         dengan IAU.
         Auditor Eksternal.                          Conduct Quarterly and Annual Meetings with
         Ensuring that the IAU communicates          IAU.
         with the Board of Directors, Board of
         Commissioners, and External Auditors.

  13     Mengevaluasi kinerja IAU.                   Melakukan evaluasi Kinerja IAU.                            100%                      -
         Evaluating the performance of the IAU.      Evaluate IAU performance.

  14     Memberikan rekomendasi kepada Dewan         Melakukan evaluasi Remunerasi dan                              N/A               IAU tidak
         Komisaris terkait pemberian remunerasi      penghargaan kinerja IAU.                                                        mengajukan
         tahunan IAU secara keseluruhan serta        Evaluate IAU remuneration and performance                                     remunerasi ke
         penghargaan kinerja.                        awards.                                                                     Komite Audit, akan
         Providing recommendations to the Board                                                                                 tetapi pengawasan
         of Commissioners regarding the overall                                                                                   atas hal tersebut
         annual remuneration of the IAU and                                                                                        dilakukan oleh
         performance awards.                                                                                                      Komite Nominasi
                                                                                                                                  dan Remunerasi.
                                                                                                                                    The IAU does
                                                                                                                                     not submit
                                                                                                                                remuneration to the
                                                                                                                                 Audit Committee,
                                                                                                                                but oversight of this
                                                                                                                                matter is carried out
                                                                                                                                 by the Nomination
                                                                                                                                 and Remuneration
                                                                                                                                     Committee.

  15     Memberikan rekomendasi mengenai             Evaluasi Sistem Pengendalian Internal melalui              100%                      -
         penyempurnaan sistem pengendalian           Laporan IAU dan Laporan KAP (ICOFR) - melalui
         manajemen serta pelaksanaannya.             diskusi Triwulan dan Tahunan Laporan IAU.
         Providing recommendations regarding         Evaluate the Internal Control System through
         improvements to the management control      IAU Reports and KAP Reports (ICOFR) - through
         system and its implementation.              quarterly and annual discussions of IAU Reports.

                                                     Evaluasi Internal Audit Charter                            100%                      -
                                                     Evaluate the Internal Audit Charter

  16     Melakukan proses pengadaan calon            Melaksanakan pengadaan KAP untuk tahun                     100%                      -
         kantor akuntan publik sesuai dengan         buku 2024.
         ketentuan pengadaan barang dan              Conducting the KAP procurement for the 2024
         jasa, dan apabila diperlukan dapat          fiscal year.
         meminta bantuan Direksi dalam proses
         pengadaannya.
         Conducting the procurement process for
         prospective public accounting firms in
         accordance with the provisions on the
         procurement of goods and services, and
         if necessary, request assistance from the
         Board of Directors in the procurement
         process.

  17     Memberikan rekomendasi kepada Dewan         Menyusun rekomendasi calon KAP yang                        100%                      -
         Komisaris mengenai penunjukan Akuntan.      akan melakukan audit atas laporan keuangan
         Providing recommendations to the            konsolidasian tahun buku 2025.
         Board of Commissioners regarding the        Compiling recommendations for KAP candidates
         appointment of Accountants.                 who will audit the 2025 consolidated financial
                                                     statements.

  18     Memberikan pendapat independen dalam        Melakukan evaluasi dan menyusun rekomendasi                    N/A           Tidak terdapat
         hal terjadi perbedaan pendapat antara       apabila terdapat perbedaan pendapat antara                                     perbedaan
         Manajemen dan Akuntan atas jasa yang        manajemen dengan akuntan (jika ada).                                        pendapat antara
         diberikannya.                               Conducting evaluations and compiling                                        Manajemen dan
         Providing independent opinions in the       recommendations in the event of differences of                                  akuntan.
         event of differences of opinion between     opinion between management and accountants                                     There is no
         Management and Accountants regarding        (if any).                                                                     difference of
         the services provided.                                                                                                  opinion between
                                                                                                                                 management and
                                                                                                                                   accountants.




620                                                                           Laporan Tahunan 2025 Annual Report          PT Jasa Marga (Persero) Tbk
Page 621
06                               07                                       08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




             Tugas Dan Tanggung Jawab                                   Program Kerja                             Realisasi       Keterangan
 No.          Duties and Responsibilities                               Work Program                             Realization      Description
  19    Merekomendasikan perusahaan                    Melaksanakan Proses Pengadaan Perusahaan                        100%             -
        pemeringkat untuk melakukan penilaian          Pemeringkat.
        tingkat kesehatan perusahaan dan               Conducting the Rating Agency Procurement
        apabila hal diperlukan, dapat meminta          Process.
        bantuan Direksi untuk melakukan proses
        pengadaan perusahaan pemeringkat
        berdasarkan mekanisme pengadaan
        barang dan jasa yang berlaku.
        Recommending a Rating Agency
        to conduct a Company Soundness
        Assessment and, if necessary, requesting
        assistance from the Board of Directors
        to procure a Rating Agency based on
        the applicable goods and services
        procurement mechanism.

  20    Memberikan saran dan rekomendasi               Melakukan evaluasi potensi benturan                             N/A       Tidak Terdapat
        kepada Dewan Komisaris terkait dengan          kepentingan (bila ada).                                                  potensi benturan
        adanya potensi benturan kepentingan            Evaluating potential conflicts of interest (if any).                       kepentingan.
        Perseroan.                                                                                                                 There is no
        Providing advice and recommendations                                                                                   potential conflict of
        to the Board of Commissioners regarding                                                                                     interest.
        potential conflicts of interest within the
        Company.

  21    Menyusun dan menyampaikan rencana              Membuat Program Kerja Komite Audit.                             100%             -
        kerja kepada Dewan Komisaris untuk             Creating an Audit Committee Work Program.
        ditetapkan.
                                                       Pemutakhiran Program Kerja Komite Audit                         100%             -
        Preparing and submitting a work plan to
                                                       (PKKA).
        the Board of Commissioners for approval.
                                                       Updating the Audit Committee Work Program
                                                       (PKKA).

                                                       Melalukan Review atas Komite Audit Charter.                     100%             -
                                                       Reviewing the Audit Committee Charter.

  22    Melaksanakan dan melaporkan rencana            Membuat laporan pelaksanaan program kerja                       100%             -
        Kerja Komite Audit kepada Dewan                Komite Audit.
        Komisaris.                                     Creating a report on the implementation of the
        Implementing and reporting the Audit           Audit Committee work program.
        Committee's work plan to the Board of
        Commissioners.

  23    Menjaga kerahasiaan dokumen, data dan          Menandatangani Pakta Integritas Komite Audit.                   100%             -
        informasi Perseroan yang diperoleh, baik       Signing the Audit Committee Integrity Pact.
        dari pihak internal maupun pihak eksternal
        dan hanya digunakan untuk kepentingan
        pelaksanaan tugas Komite Audit.
        Maintaining the confidentiality of the
        Company's documents, data, and
        information obtained, both from internal
        and external parties, and only use them
        for the purposes of carrying out the Audit
        Committee's duties.

  24    Komite Audit menelaah pengaduan dan            Menelaah pengaduan dan penindaklanjutan                         N/A       Tidak terdapat
        penindaklanjutan yang berkaitan dengan         yang berkaitan dengan proses akuntansi dan                                  pengaduan
        proses akuntansi dan/atau catatan              pelaporan keuangan Perseroran.                                            atas pelaporan
        ketidakwajaran atau dugaan pelanggaran         Reviewing complaints and follow-up actions                                  keuangan.
        terhadap pelaporan keuangan Perseroan.         related to the accounting and financial reporting                           There were
        The Audit Committee reviews complaints         processes of the Company.                                                 no complaints
        and follow-ups related to accounting                                                                                   regarding financial
        processes and/or records of irregularities                                                                                  reporting.
        or alleged violations of the Company's
        financial reporting.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                             621
Page 622
01                             02                         03                         04                                             05
Ikhtisar Kinerja Utama         Laporan Manajemen          Profil Perusahaan           Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights     Management Report          Company Profile             Management Discussion and Analysis             Business Support Functions




               Tugas Dan Tanggung Jawab                                 Program Kerja                              Realisasi             Keterangan
 No.            Duties and Responsibilities                             Work Program                              Realization            Description
  25     Melakukan identifikasi hal-hal yang           Pendalaman terhadap temuan menjadi perhatian                       N/A                   -
         memerlukan perhatian Dewan Komisaris          khusus (bila ada).
         serta tugas-tugas Dewan Komisaris             In-depth analysis of findings (if any).
         lainnya.
                                                       Evaluasi terhadap usulan RKAP & RJPP atau                      100%                      -
         Identifying matters that require the
                                                       Revisi RKAP/RJPP.
         attention of the Board of Commissioners
                                                       Evaluation of proposed RKAP & RJPP or RKAP/
         and other duties of the Board of
                                                       RJPP revisions.
         Commissioners.
                                                       Melakukan penelaahan atas pelaksanaan aksi                     100%                      -
                                                       korporasi perusahaan yang membutuhkan
                                                       persetujuan Komisaris.
                                                       Reviewing the implementation of corporate
                                                       actions that require the approval of the Board of
                                                       Commissioners.

                                                       Menghadiri Rapat Gabungan Dewan Komisaris-                     100%                      -
                                                       Dewan Direksi.
                                                       Attending Joint Meetings of the Board of
                                                       Commissioners and Board of Directors.

  26     Melakukan identifikasi hal-hal yang           Evaluasi terhadap usulan RKAP & RJPP atau                      100%                      -
         memerlukan perhatian Dewan Komisaris          Revisi RKAP/RJPP.
         serta tugas-tugas Dewan Komisaris             Evaluating proposed RKAP & RJPP or RKAP/RJPP
         lainnya.                                      revisions.
         Identifying matters that require the
                                                       Melakukan penelaahan atas pelaksanaan aksi                     100%                      -
         attention of the Board of Commissioners
                                                       korporasi perusahaan yang membutuhkan
         and other duties of the Board of
                                                       persetujuan Komisaris.
         Commissioners.
                                                       Reviewing the implementation of corporate
                                                       actions that require the approval of the Board of
                                                       Commissioners.

         Pencapaian KPI                                                                                              100%
         KPI Achievement


Rencana Kerja Komite Audit Tahun 2026                                        Audit Committee Work Plan for 2026

Untuk tahun 2026, Komite Audit telah menetapkan rencana                      For 2026, the Audit Committee has established a work plan
kerja yang akan dibahas melalui sejumlah rapat. Adapun                       that will be discussed through several meetings. The Audit
rencana kerja Komite Audit di tahun 2026, antara lain                        Committee’s work plan for 2026 includes the following:
sebagai berikut:


   Tugas, Wewenang & Tanggung Jawab (Charter Komite Audit)                                          Program Kerja Komite Audit
  Duties, Authorities, and Responsibilities (Audit Committee Charter)                              Audit Committee Work Program
 Melakukan review atas informasi keuangan yang akan dikeluarkan oleh                   Review Laporan Keuangan Tahunan (Konsolidasian).
 perseroan kepada publik dan/atau pihak otoritas antara lain laporan keuangan,         Review of Annual Financial Statements (Consolidated).
 proyeksi, dan laporan lainnya terkait dengan informasi keuangan Perseroan.
 Reviewing the financial statements to be published by the Company for
 external parties and/or authorities, including financial statements, projections,
 and other reports related to the Company's financial information

 Memberikan pendapat independen dalam hal terjadi perbedaan pendapat                   Melakukan Koordinasi dengan KAP dan Accounting & Tax
 antara manajemen dan akuntan atas jasa yang diberikannya.                             (ATA).
 Providing independent opinions in the event of differences of opinion between         Coordinate with KAP and Accounting & Tax (ATA).
 management and accountants regarding the services provided.

 Memberikan rekomendasi kepada Dewan Komisaris mengenai penunjukan                     Memberikan rekomendasi calon KAP.
 akuntan.                                                                              Provide recommendations for KAP candidates.
 Providing recommendations to the Board of Commissioners regarding the
 appointment of accountants.

 Memastikan objektivitas dan independensi auditor internal dan auditor                 Melaksanakan Progress Meeting dengan KAP dan evaluasi
 eksternal.                                                                            kinerja.
 Ensuring the objectivity and independence of internal auditors and external           Conduct Progress Meetings with KAP and evaluate
 auditors.                                                                             performance.

                                                                                       Melakukan evaluasi atas kinerja KAP tahun sebelumnya.
                                                                                       Evaluate KAP performance for the previous year.




622                                                                              Laporan Tahunan 2025 Annual Report             PT Jasa Marga (Persero) Tbk
Page 623
06                               07                                   08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan     Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility      Reference of POJK, SEOJK, and ARA Criteria




  Tugas, Wewenang & Tanggung Jawab (Charter Komite Audit)                                       Program Kerja Komite Audit
 Duties, Authorities, and Responsibilities (Audit Committee Charter)                           Audit Committee Work Program
 Memantau dan mengkaji proses pelaporan keuangan yang diaudit oleh auditor        Melakukan kick off dan exit meeting dengan KAP.
 eksternal.                                                                       Conduct kick-off and exit meetings with KAP.
 Monitoring and reviewing the financial reporting process audited by external
 auditors.

 Menilai pelaksanaan kegiatan serta hasil audit yang dilaksanakan oleh auditor    Melakukan evaluasi KAP dan evaluasi audit internal.
 internal maupun auditor eksternal.                                               Conduct KAP evaluations and internal audit evaluations.
 Assessing the implementation of activities and audit results carried out by
 internal and external auditors.

 Menelaah pengaduan yang berkaitan dengan proses akuntansi dan pelaporan          Melakukan review atas pengaduan yang berkaitan dengan
 keuangan Perseroan.                                                              proses akuntansi dan pelaporan keuangan Perseoran (Jika
 Reviewing complaints related to the Company's accounting and financial           ada).
 reporting processes.                                                             Conduct reviews of complaints related to the Company's
                                                                                  accounting and financial reporting processes (if any).

 Memantau dan mengkaji efektivitas pelaksanaan audit intern dan audit             Melaksanakan Progress Meeting, Rapat Triwulunan dengan
 ekstern.                                                                         KAP dan IAU.
 Monitoring and reviewing the effectiveness of internal and external audits.      Hold Progress Meetings and Quarterly Meetings with KAP
                                                                                  and IAU.

 Memberikan rekomendasi kepada Dewan Komisaris atas hal yang mendukung            Melakukan evaluasi atas laporan keuangan tahunan.
 efektivitas dan akurasi proses pelaporan keuangan Perseroan.                     Conduct evaluations of annual financial statements.
 Providing recommendations to the Board of Commissioners on matters that
 support the effectiveness and accuracy of the Company's financial reporting
 process.

 Memantau pelaksanaan tindak lanjut oleh Direksi atas temuan auditor internal     Melaksanakan Rapat dengan IAU.
 dan auditor eksternal.                                                           Hold Meetings with IAU.
 Monitoring the implementation of follow-up actions by the Board of Directors
 on the findings of internal and external auditors.

 Memastikan IAU melakukan komunikasi dengan Direksi, Dewan Komisaris dan
 auditor eksternal.
 Ensuring that the IAU communicates with the Board of Directors, Board of
 Commissioners, and external auditors.

 Memberikan rekomendasi kepada Dewan Komisaris terkait penyusunan                 Melakukan evaluasi usulan PKAT IAU (Program Kerja Audit
 rencana audit, ruang lingkup, dan anggaran IAU.                                  Tahunan-IAU).
 Provide recommendations to the Board of Commissioners regarding the              Evaluate the IAU Annual Audit Work Program (PKAT IAU)
 preparation of audit plans, scope, and IAU budgets.                              proposal.

 Mengevaluasi laporan auditor internal berkala dan merekomendasikan               Melakukan rapat dengan IAU.
 tindakan perbaikan untuk mengatasi kelemahan pengendalian, kecurangan            Hold meetings with the IAU.
 (fraud), masalah kepatuhan terhadap kebijakan dan peraturan perundang-
 undangan atau masalah lain yang diidentifikasi dan dilaporkan oleh IAU.
 Evaluate periodic internal auditor reports and recommend corrective actions
 to address control weaknesses, fraud, compliance issues with policies and
 regulations, or other issues identified and reported by the IAU.

 Mengevaluasi kinerja IAU.                                                        Evaluasi Internal Audit Charter.
 Evaluate IAU performance.                                                        Evaluate the Internal Audit Charter.

 Memastikan IAU menjunjung tinggi integritas dalam pelaksanaan tugas.             Melakukan evaluasi Audit Internal.
 Ensure that the IAU upholds integrity in the performance of its duties.          Conduct Internal Audit evaluations.

 Memberikan rekomendasi kepada Dewan Komisaris terkait pemberian                  Evaluasi PKAT IAU dan Audit Internal.
 remunerasi tahunan IAU secara keseluruhan serta penghargaan kinerja.             Evaluate the PKAT IAU and internal audit.
 Providing recommendations to the Board of Commissioners regarding the
 overall annual remuneration of the IAU and performance awards.

 Melaksanakan pemantauan dan evaluasi terhadap pelaksanaan fungsi audit           Melakukan evaluasi Audit Internal.
 intern dengan ketentuan peraturan perundang-undangan, Anggaran Dasar,            Conduct Internal Audit evaluations.
 dan/atau keputusan RUPS/Menteri.
 Monitoring and evaluating the implementation of internal audit functions in
 accordance with laws and regulations, the Articles of Association, and/or
 GMS/Ministerial Decrees.

 Melakukan proses pengadaan calon kantor akuntan publik sesuai dengan             Melakukan proses pangadaan KAP dengan bantuan direksi.
 ketentuan pengadaan barang dan jasa, dan apabila diperlukan dapat meminta        Conduct the KAP procurement process with the assistance
 bantuan direksi dalam proses pengadaannya.                                       of the board of directors.
 Conducting the procurement process for prospective public accounting firms
 in accordance with the provisions on the procurement of goods and services,
 and if necessary, requesting assistance from the board of directors in the
 procurement process.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                     623
Page 624
01                             02                        03                        04                                       05
Ikhtisar Kinerja Utama         Laporan Manajemen         Profil Perusahaan          Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights     Management Report         Company Profile            Management Discussion and Analysis       Business Support Functions




   Tugas, Wewenang & Tanggung Jawab (Charter Komite Audit)                                        Program Kerja Komite Audit
  Duties, Authorities, and Responsibilities (Audit Committee Charter)                            Audit Committee Work Program
 Merekomendasikan perusahaan pemeringkat untuk melakukan penilaian                   Memberikan masukan atas proses penunjukan Perusahaan
 tingkat kesehatan perusahaan dan apabila hal diperlukan, dapat meminta              Pemeringkat.
 bantuan Direksi untuk melakukan proses pengadaan perusahaan pemeringkat             Provide input on the process of appointing a Rating Agency.
 berdasarkan mekanisme pengadaan barang dan jasa yang berlaku.
 Recommending a rating agency to assess the Company's financial soundness
 and, if necessary, request assistance from the Board of Directors to procure
 a rating agency based on the applicable goods and services procurement
 mechanism.

 Melakukan review atas usulan Rencana Kerja Anggaran Perusahaan (RKAP)               Review atas usulan RKAP & RJPP atau Revisi RKAP & RJPP.
 dan Rencana Jangka Panjang Perusahaan (RJPP).                                       Review proposed RKAP & RJPP or revisions to RKAP & RJPP.
 Reviewing proposals for the Company's Work and Budget Plan (RKAP) and
 Long-Term Plan (RJPP).

 Memantau implementasi kebijakan keuangan Perseroan.                                 Melakukan review kebijakan akuntansi.
 Monitoring the implementation of the Company's financial policies.                  Review accounting policies.

 Memberikan rekomendasi mengenai penyempurnaan sistem pengendalian                   Melakukan review SPM dan pelaksanaannya.
 manajemen serta pelaksanaannya.                                                     Review SPM and its implementation.
 Providing recommendations on improving the management control system
 and its implementation.

 Memastikan telah terdapat prosedur evaluasi yang memuaskan terhadap                 Melakukan review atas informasi keuangan.
 informasi keuangan yang dikeluarkan Perseroan.                                      Review financial information.
 Ensuring that there are satisfactory evaluation procedures for the financial
 information issued by the Company.

 Melaksanakan penugasan dari Dewan Komisaris terkait hal-hal yang perlu              Review terhadap temuan menjadi perhatian khusus (bila ada).
 diidentifikasi yang menjadi perhatian terhadap suatu temuan.                        Review of findings of particular concern (if any).
 Carry out assignments from the Board of Commissioners related to matters
 that need to be identified as concerns regarding a finding.

 Memberikan saran dan rekomendasi kepada Dewan Komisaris terkait dengan              Pembahasan terkait conflict of interest (jika ada).
 adanya potensi benturan kepentingan Perseroan.                                      Discussion of conflicts of interest (if any).
 Provide advice and recommendations to the Board of Commissioners
 regarding potential conflicts of interest within the Company.

 Melaksanakan penugasan lain dari Dewan Komisaris.                                   Melaksanakan penugasan lain dari Dewan Komisaris (jika
 Carry out other assignments from the Board of Commissioners.                        ada).
                                                                                     Carry out other assignments from the Board of
                                                                                     Commissioners (if any).

                                                                                     Melaksanakan pengawasan manajemen risiko.
                                                                                     Carry out risk management supervision.

                                                                                     Melakukan evaluasi atas efektifitas penerapan manajemen
                                                                                     risiko perusahaan, seperti: budaya, kerangka kerja dan
                                                                                     proses manajemen risiko.
                                                                                     Evaluate the effectiveness of the company's risk
                                                                                     management implementation, such as culture, framework,
                                                                                     and risk management processes.

                                                                                     Mengevaluasi penerapan kebijakan manajemen risiko.
                                                                                     Evaluate the implementation of risk management policies.

                                                                                     Melakukan koordinasi dengan komite lain untuk hasil
                                                                                     evaluasi penerapan kebijakan manajemen risiko.
                                                                                     Coordinate with other committees on the results of the
                                                                                     evaluation of risk management policy implementation.

 Menyusun dan melaksanakan program kerja Komite Audit.                               Penyusunan Laporan dan Program Kerja Tahunan-Komite
 Develop and implement the Audit Committee's work program.                           Audit (PKT-KA) Tahun 2026.
                                                                                     Prepare the 2026 Audit Committee Annual Report and Work
                                                                                     Program (PKT-KA).

                                                                                     Review Audit Committee Charter.
                                                                                     Review the Audit Committee Charter.

 Menjaga kerahasiaan dokumen, data dan informasi Perseroan.                          Penyusunan pakta integritas.
 Maintain the confidentiality of the Company's documents, data, and information.     Prepare the integrity pact.




624                                                                            Laporan Tahunan 2025 Annual Report       PT Jasa Marga (Persero) Tbk
Page 625
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Komite Nominasi dan Remunerasi                                        Nomination and Remuneration Committee
Komite Nominasi dan Remunerasi merupakan komite yang                  The Nomination and Remuneration Committee is a
dibentuk untuk membantu Dewan Komisaris melaksanakan                  committee formed to assist the Board of Commissioners
fungsi pengawasan dan memastikan pelaksanaan proses                   in performing its supervisory functions and ensuring that
nominasi dan remunerasi secara objektif, efektif, dan efisien,        the nomination and remuneration processes are carried out
serta sesuai dengan prinsip manajemen SDM dan GCG.                    objectively, effectively, and efficiently, per HR management
Melalui komite ini diharapkan Dewan Komisaris bekerja                 and GCG principles. Through this committee, it is hoped
secara profesional, independen, dan kompeten agar Visi dan            that the Board of Commissioners will work professionally,
Misi Perseroan dapat tercapai.                                        independently, and competently so that the Company’s
                                                                      Vision and Mission can be achieved.

Dasar Pembentukan Komite Nominasi dan                                 Nomination and Remuneration Committee
Remunerasi                                                            Establishment Basis

Komite Nominasi dan Remunerasi di Jasa Marga dibentuk                 The Nomination and Remuneration Committee at Jasa Marga
dengan dasar hukum. Adapun peraturan yang menjadi dasar               was established based on legal grounds. The regulations
hukum pembentukannya adalah sebagai berikut:                          that form the legal basis for its establishment are as follows:
1. Undang-Undang Republik Indonesia No. 19 tahun                      1. Law of the Republic of Indonesia No. 19 of 2003, dated
   2003, tanggal 19 Juni 2003, tentang Badan Usaha Milik                  June 19, 2003, on State-Owned Enterprises (State
   Negara (Lembaran Negara Republik Indonesia tahun                       Gazette of the Republic of Indonesia of 2003 No. 70;
   2003 No. 70; Tambahan Lembaran Negara Republik                         Supplement to the State Gazette of the Republic of
   Indonesia No. 4297) yang terakhir telah diubah dengan                  Indonesia No. 4297), which was last amended by Law
   Undang-Undang No. 1 Tahun 2025 tentang Perubahan                       No. 1 of 2025 on the Third Amendment to Law No. 19 of
   Ketiga atas Undang-Undang No. 19 Tahun 2023 tentang                    2023 on State-Owned Enterprises (State Gazette of the
   Badan Usaha Milik Negara (Lembaran Negara Republik                     Republic of Indonesia of 2025 No. 25, Supplement to the
   Indonesia Tahun 2025 No. 25, Tambahan Lembaran                         State Gazette No. 7097);
   Negara No. 7097);
2. Undang-Undang No. 40 Tahun 2007, tanggal 16 Agustus                2. Law No. 40 of 2007, dated August 16, 2007, on Limited
   2007, tentang Perseroan Terbatas (Lembaran Negara                     Liability Companies (State Gazette of 2007 No. 106;
   Tahun 2007 No. 106; Tambahan Lembaran Negara                          Supplement to State Gazette No. 4756), which was last
   No. 4756) yang terakhir telah diubah dengan Peraturan                 amended by Government Regulation in Lieu of Law No. 2
   Pemerintah Pengganti Undang-Undang No. 2 Tahun                        of 2022 on Job Creation (State Gazette of the Republic
   2022 tentang Cipta Kerja (Lembaran Negara Republik                    of Indonesia of 2022 No. 238, Supplement to State
   Indonesia Tahun 2022 No. 238, Tambahan Lembaran                       Gazette of the Republic of Indonesia No. 6841) and
   Negara Republik Indonesia Nomor 6841) dan ditetapkan                  enacted into Law in accordance with Law No. 6 of 2023
   menjadi Undang-Undang sesuai Undang-Undang No. 6                      on the Stipulation of Government Regulation in Lieu
   Tahun 2023 tentang Penetapan Peraturan Pemerintah                     of Law No. 2 of 2022 on Job Creation into Law (State
   Pengganti Undang-Undang No. 2 Tahun 2022 tentang                      Gazette of the Republic of Indonesia of 2023 No. 2023,
   Cipta Kerja menjadi Undang-Undang (Lembaran Negara                    Supplement to State Gazette No. 6856);
   Republik Indonesia Tahun 2023 No. 2023, Tambahan
   Lembaran Negara No. 6856);
3. Undang-Undang No. 8 Tahun 1995, tanggal 10                         3. Law No. 8 of 1995 dated November 10, 1995, on Capital
   November 1995, tentang Pasar Modal (Lembaran                          Markets (State Gazette of 1995 No. 64; Supplement to
   Negara Tahun 1995 No. 64; Tambahan Lembaran Negara                    State Gazette No. 3608), which was last amended by Law
   No. 3608) yang terakhir telah diubah dengan Undang-                   No. 4 of 2023 on the Development and Strengthening of
   Undang No. 4 Tahun 2023 tentang Pengembangan dan                      the Financial Sector (State Gazette of the Republic of
   Penguatan Sektor Keuangan (Lembaran Negara Republik                   Indonesia of 2023 No. 4, Supplement to State Gazette
   Indonesia Tahun 2023 No. 4, Tambahan Lembaran                         of the Republic of Indonesia Number 6845);
   Negara Republik Indonesia No. 6845);
4. Peraturan Menteri Badan Usaha Milik Negara No. PER-                4. Minister of State-Owned Enterprises Regulation No. PER-
   2/MBU/03/2023, tanggal 24 Maret 2023, tentang                         2/MBU/03/2023, dated March 24, 2023, on Guidelines
   Pedoman Tata Kelola dan Kegiatan Korporasi Signifikan                 for Governance and Significant Corporate Activities of
   Badan Usaha Milik Negara;                                             State-Owned Enterprises;
5. Peraturan Menteri Badan Usaha Milik Negara No. PER-                5. Minister of State-Owned Enterprises Regulation No. PER-
   3/MBU/03/2023, tanggal 24 Maret 2023, tentang Organ                   3/MBU/03/2023, dated March 24, 2023, on Organs and
   dan Sumber Daya Manusia Badan Usaha Milik Negara;                     Human Resources of State-Owned Enterprises;
6. Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014               6. Financial Services Authority Regulation No. 33/
   tentang Direksi dan Dewan Komisaris Emiten atau                       POJK.04/2014 on the Board of Directors and Board of
   Perusahaan Publik;                                                    Commissioners of Issuers or Public Companies;
7. Peraturan Otoritas Jasa Keuangan No. 34/POJK.04/2014               7. Financial Services Authority Regulation No. 34/
   tentang Komite Nominasi dan Remunerasi Emiten atau                    POJK.04/2014 on the Nomination and Remuneration
   Perusahaan Publik;                                                    Committee of Issuers or Public Companies;




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                             625
Page 626
01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




8. Surat Edaran Otoritas Jasa Keuangan No. 32/                      8. Financial Services Authority Circular Letter No. 32/
    SEOJK.04/2015 Tentang Pedoman Tata Kelola                           SEOJK.04/2015 on Guidelines for Corporate Governance
    Perusahaan Terbuka;                                                 of Public Companies;
9. Surat Menteri BUMN No. S-254/MBU/04/2020 tentang                 9. Minister of SOE Letter No. S-254/MBU/04/2020 on
    Talent & Succession Management Direksi BUMN tanggal                 Talent & Succession Management of Board of Directors
    17 April 2020;                                                      of SOEs dated April 17, 2020;
10. Anggaran Dasar Perusahaan Perseroan (Persero)                   10. Articles of Association of PT Jasa Marga (Persero)
    PT Jasa Marga (Persero) Tbk Akta Notaris Ir. Nanette                Tbk, Notarial Deed of Ir. Nanette Cahyanie Handari
    Cahyanie Handari Adi Warsito, SH akta No. 04 tanggal 09             Adi Warsito, S.H., Deed No. 04 dated January 9,
    Januari 2026, berikut Surat Penerimaan Pemberitahuan                2026, herewith is the Letter of Acknowledgement of
    dari Direktorat Jenderal Administrasi Hukum Umum                    Receipt from the Directorate General of General Legal
    Kementerian Hukum Republik Indonesia No. AHU-                       Administration of the Ministry of Law of the Republic of
    AH.01.03-0013716 tanggal 19 Januari 2026 dan telah                  Indonesia No. AHU-AH.01.03-0013716 dated January
    didaftar dalam Daftar Perseroan No. AHU-0007721.                    19, 2026, and has been registered in the Register of
    AH.01.11.Tahun 2026 tanggal 19 Januari 2026;                        Companies No. AHU-0007721.AH.01.11.Year 2026 dated
                                                                        January 19, 2026;
11. Keputusan Dewan Komisaris Perusahaan PT Jasa Marga              11. Board of Commissioners Decree of PT Jasa Marga
    (Persero) Tbk No. Kep-078/VII/2020 tentang Perubahan                (Persero) Tbk No. Kep-078/VII/2020 on Amendments
    atas Keputusan Dewan Komisaris No. Kep-046/II/2014                  to Board of Commissioners Decree No. Kep-046/II/2014
    Jo No. Kep-063/IV/2015 Jo No. Kep-155/XI/2015 tentang               Jo No. Kep-063/IV/2015 Jo No. Kep-155/XI/2015 on the
    Komite Dewan Komisaris PT Jasa Marga (Persero) Tbk;                 Board of Commissioners Committee of PT Jasa Marga
                                                                        (Persero) Tbk;
12. Keputusan Dewan Komisaris PT Jasa Marga (Persero)               12. Board of Commissioners Decree of PT Jasa Marga
    Tbk No. KEP-080/VII/2020 tentang Pengangkatan                       (Persero) Tbk No. KEP-080/VII/2020 on the Appointment
    Anggota Komite Nominasi dan Remunerasi PT Jasa                      of Members of the Nomination and Remuneration
    Marga (Persero) Tbk dari Unsur Dewan Komisaris; dan                 Committee of PT Jasa Marga (Persero) Tbk from the
                                                                        Board of Commissioners; and
13. Keputusan Dewan Komisaris PT Jasa Marga (Persero)               13. Board of Commissioners Decree of PT Jasa Marga
    Tbk No. KEP-83/VII/2020 tentang Pengangkatan                        (Persero) Tbk No. KEP-83/VII/2020 on the Appointment
    Anggota Komite Nominasi dan Remunerasi PT Jasa                      of Members of the Nomination and Remuneration
    Marga (Persero) Tbk.                                                Committee of PT Jasa Marga (Persero) Tbk.

Pedoman Kerja/Piagam Komite Nominasi dan                            Nomination and Remuneration Committee Work
Remunerasi                                                          Guideline/Charter

Komite Nominasi dan Remunerasi Jasa Marga memiliki                  The Nomination and Remuneration Committee of Jasa Marga
Piagam Komite Nominasi dan Remunerasi yang telah                    has a Nomination and Remuneration Committee Charter that
disahkan berdasarkan Keputusan Dewan Komisaris No. KEP              has been ratified based on the Board of Commissioners Decree
007/I/2022 tanggal 14 Januari 2022. Piagam ini menjadi acuan        No. KEP 007/I/2022 dated January 14, 2022. This charter
bagi Komite Nominasi dan Remunerasi dalam melaksanakan              serves as a reference for the Nomination and Remuneration
tugas dan tanggung jawabnya. Piagam tersebut memuat                 Committee in carrying out its duties and responsibilities.
ketentuan yang harus dipatuhi pembentukan dan                       The charter contains provisions that must be complied with
pelaksanaan kegiatan Komite Nominasi dan Remunerasi                 in the formation and implementation of the Nomination and
agar dapat bekerja secara independen, objektif, mandiri,            Remuneration Committee’s activities so that it can work
transparan, dan dapat dipertanggungjawabkan. Isi dari               independently, objectively, autonomously, transparently, and
Piagam tersebut antara lain mencakup:                               accountably. The contents of the charter include:
1. Landasan Hukum;                                                  1. Legal Basis;
2. Komposisi, Tata Cara Penggantian, dan Masa Jabatan               2. Composition, Replacement Procedures, and Term of
    Anggota Komite;                                                     Office of Committee Members;
3. Tugas;                                                           3. Duties;
4. Kewenangan;                                                      4. Authority;
5. Persyaratan;                                                     5. Requirements;
6. Tanggung Jawab;                                                  6. Responsibilities;
7. Rapat;                                                           7. Meetings;
8. Laporan;                                                         8. Reports;
9. Akses Kerahasiaan Informasi;                                     9. Access to Confidential Information;
10. Tata Cara dan Prosedur Kerja;                                   10. Work Procedures and Processes;
11. Penghasilan Anggota;                                            11. Member Remuneration;
12. Pendidikan dan Tenaga Penunjang;                                12. Education and Support Staff;
13. Penilaian Kinerja;                                              13. Performance Appraisal;
14. Lain-lain; dan                                                  14. Miscellaneous; and
15. Penutup.                                                        15. Closing.




626                                                                     Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 627
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Persyaratan Keanggotaan Komite Nominasi dan                           Nomination and Remuneration Committee
Remunerasi                                                            Membership Requirements

Setiap anggota Komite Nominasi dan Remunerasi yang                    Each appointed member of the Nomination and Remuneration
diangkat, harus memenuhi persyaratan yang ditetapkan.                 Committee must meet the specified requirements. The
Adapun persyaratan untuk menjadi anggota Komite                       requirements to become a member of the Nomination &
Nominasi & Remunerasi adalah sebagai berikut:                         Remuneration Committee are as follows:
1. Memiliki integritas yang baik dan pengetahuan serta                1. Have good integrity and sufficient knowledge and work
    pengalaman kerja yang cukup di bidang nominasi dan                   experience in the field of nomination and remuneration.
    remunerasi.
2. Tidak memiliki kepentingan/keterkaitan pribadi yang                2. Have no personal interests/connections that could have
    dapat menimbulkan dampak negatif dan benturan                        a negative impact or conflict of interest in the Company.
    kepentingan dalam Perseroan.
3. Mampu berkomunikasi secara efektif.                                3. Be able to communicate effectively.
4. Dapat menyediakan waktu yang cukup untuk                           4. Be able to provide sufficient time to complete their
    menyelesaikan tugasnya.                                              duties.
5. Anggota Direksi Emiten atau Perusahaan Publik                      5. Members of the Board of Directors of Issuers or Public
    tidak dapat menjadi anggota Komite Nominasi dan                      Companies cannot become members of the Nomination
    Remunerasi.                                                          and Remuneration Committee.
6. Ketua merangkap anggota merupakan Komisaris                        6. The chairperson is an Independent Commissioner, and
    Independen dan anggota lainnya dapat berasal dari:                   other members may come from:
    a. Anggota Dewan komisaris;                                          a. Board of Commissioners Members;
    b. Pihak yang berasal dari luar Emiten atau luar                     b. Parties from outside the Issuer or outside the
        Perseroan; dan                                                       Company; and
    c. Pihak yang menduduki jabatan manajerial di bawah                  c. Parties who hold managerial positions under the
        Direksi yang membidangi Sumber Daya Manusia                          Board of Directors in charge of Human Resources
        bisa menjadi Anggota Komite hanya jika diperlukan,                   may become Committee Members only if necessary,
        dengan ketentuan jumlah anggota yang berasal dari                    with the provision that the number of members from
        pihak Manajemen tidak boleh dominan.                                 Management may not be dominant.
7. Anggota Komite Nominasi dan Remunerasi yang                        7. Members of the Nomination and Remuneration Committee
    berasal dari luar Emiten atau luar Perseroan wajib                   who come from outside the Issuer or outside the Company
    memenuhi 3 (tiga) syarat berikut:                                    must meet the following 3 (three) requirements:
    a. Tidak mempunyai hubungan Afiliasi dengan Emiten                   a. Not affiliated with the Issuer or the Company, Board
        atau Perusahaan, anggota Direksi, anggota Dewan                      of Directors members, Board of Commissioners
        Komisaris, atau Pemegang Saham Utama Perseroan;                      members, or Major Shareholders of the Company;
    b. Memiliki pengalaman terkait Nominasi dan/atau                     b. Have experience related to Nomination and/or
        Remunerasi; dan                                                      Remuneration; and
    c. Tidak merangkap jabatan sebagai anggota komite                    c. Do not concurrently serve as a member of other
        lainnya yang dimiliki Emiten atau Perseroan.                         committees owned by the Issuer or the Company.

Ketentuan Masa Jabatan Komite Nominasi dan                            Term of Office of the Nomination and
Remunerasi                                                            Remuneration Committee

Anggota Komite Nominasi dan Remunerasi yang diangkat                  Members of the Nomination and Remuneration Committee
bekerja untuk periode masa jabatan. Masa jabatan anggota              are appointed to serve for a fixed term. The term of office of
Komite Nominasi dan Remunerasi diatur sebagai berikut:                the Nomination and Remuneration Committee members is
                                                                      regulated as follows:
1. Anggota Komite Nominasi dan Remunerasi sebagaimana                 1. Members of the Nomination and Remuneration
   dimaksud, diangkat untuk masa jabatan tertentu dan                     Committee, as referred to above, are appointed for a
   dapat diangkat kembali, sesuai peraturan dan ketentuan                 fixed term and may be reappointed in accordance with
   perundangan.                                                           the applicable laws and regulations.
2. Masa jabatan anggota Komite Nominasi dan Remunerasi                2. The term of office of the Nomination and Remuneration
   sebagaimana dimaksud, tidak lebih lama dari masa                       Committee members as referred to above shall not
   jabatan Dewan Komisaris sebagaimana diatur dalam                       exceed the term of office of the Board of Commissioners
   anggaran dasar, dengan tidak mengurangi hak Dewan                      as stipulated in the articles of association, without
   Komisaris untuk memberhentikan sewaktu-waktu.                          prejudice to the right of the Board of Commissioners to
                                                                          dismiss them at any time.
3. Dalam hal terdapat Anggota Dewan Komisaris yang                    3. If a member of the Board of Commissioners who serves as
   menjabat sebagai Ketua Komite Nominasi dan                             Chairman of the Nomination and Remuneration Committee
   Remunerasi berhenti sebagai Anggota Dewan Komisaris,                   resigns as a member of the Board of Commissioners,
   maka Ketua Komite Nominasi dan Remunerasi wajib                        the Chairman of the Committee must be replaced by
   diganti oleh Anggota Dewan Komisaris lainnya dalam                     another member of the Board of Commissioners within a
   waktu paling lambat 30 (tiga puluh) hari.                              maximum period of 30 (thirty) days.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                             627
Page 628
01                               02                         03                      04                                       05
Ikhtisar Kinerja Utama           Laporan Manajemen          Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report          Company Profile          Management Discussion and Analysis       Business Support Functions




Susunan, Jumlah, Komposisi dan Dasar                                           Structure, Number, Composition, and Appointment
Pengangkatan Komite Nominasi dan Remunerasi                                    Basis of Nomination and Remuneration Committee

Komite Nominasi dan Remunerasi dipimpin oleh seorang                           The Nomination and Remuneration Committee shall be led
kepala yang disebut Ketua Komite Nominasi dan Remunerasi,                      by a chairperson who shall be based at the Company’s
berkedudukan di Kantor Pusat Perseroan. Anggota Komite                         Head Office. The Nomination and Remuneration Committee
Nominasi dan Remunerasi paling kurang terdiri dari 3 (tiga)                    shall consist of at least 3 (three) members, including
orang anggota di mana 1 (satu) orang Ketua merangkap                           1 (one) chairperson who is also a member of the Board of
anggota yang berasal dari Komisaris Independen dan pihak                       Commissioners and an independent commissioner from
dari luar Perseroan.                                                           outside the Company.

Susunan keanggotaan Komite Nominasi dan Remunerasi                             The composition of the Nomination and Remuneration
Jasa Marga pada tahun 2025 adalah sebagai berikut:                             Committee of Jasa Marga in 2025 is as follows:

Tabel Susunan Keanggotaan Komite Nominasi dan Remunerasi
Table of Nomination and Remuneration Committee Member Composition


                    Nama                       Jabatan                                          Dasar Pengangkatan
                    Name                       Position                                          Appointment Basis
 Nachrowi Ramli *                      Ketua                      Keputusan Dewan Komisaris Jasa Marga No. KEP-081/VI/2025
                                       Chairman                   Jasa Marga Board of Commissioners Decree No. KEP-081/VI/2025

 Juri Ardiantoro *                     Anggota                    Keputusan Dewan Komisaris Jasa Marga No. KEP-081/VI/2025
                                       Member                     Jasa Marga Board of Commissioners Decree No. KEP-081/VI/2025

 Partoyo **                            Anggota                    Keputusan Dewan Komisaris Jasa Marga No. KEP-113/VII/2025
                                       Member                     Jasa Marga Board of Commissioners Decree No. KEP-113/VII/2025

 Fariz Alnizar **                      Anggota                    Keputusan Dewan Komisaris Jasa Marga No. KEP-113/VII/2025
                                       Member                     Jasa Marga Board of Commissioners Decree No. KEP-113/VII/2025

 Marsetio ***                          Ketua                      Keputusan Dewan Komisaris Jasa Marga No. KEP-028/III/2023
                                       Chairman                   Jasa Marga Board of Commissioners Decree No. KEP-028/III/2023

 Raja Erizman ***                      Anggota                    Keputusan Dewan Komisaris Jasa Marga No. KEP-028/III/2023
                                       Member                     Jasa Marga Board of Commissioners Decree No. KEP-028/III/2023

 Chitra Mardi Rahayuningsih ****       Anggota                    Keputusan Dewan Komisaris Jasa Marga No. KEP-127/VIII/2024
                                       Member                     Jasa Marga Board of Commissioners Decree No. KEP-127/VIII/2024

 Dewa Aji Ariwanto *****               Anggota                    •    Keputusan Dewan Komisaris Jasa Marga No. KEP-127/VIII/2024
                                       Member                     •    Keputusan Dewan Komisaris Jasa Marga No. KEP-031/II/2025
                                                                  •    Jasa Marga Board of Commissioners Decree No. KEP-127/VIII/2024
                                                                  •    Jasa Marga Board of Commissioners Decree No. KEP-031/II/2025

 Keterangan/Notes:
 *     Menjabat sejak 05 Juni 2025/Appointed since June 5, 2025
 **    Menjabat sejak 10 Juli 2025/Appointed since July 10, 2025
 ***   Menjabat sampai 07 Maret 2025/Appointed since March 3, 2025
 **** Menjabat sampai 14 Februari 2025/Appointed since February 14, 2025
 ***** Menjabat sampai 01 Juli 2025/Appointed since July 1, 2025




Profil Komite Nominasi dan Remunerasi                                           Nomination and Remuneration Committee Profile

Profil anggota Komite Nominasi dan Remunerasi dapat                            The profiles of the Nomination and Remuneration Committee
dilihat pada bagian Profil Komite Nominasi dan Remunerasi                      members are available in the Nomination and Remuneration
di Bab Profil Perusahaan dalam buku Laporan Tahunan ini.                       Committee Profile section of the Company Profile chapter in
                                                                               this Annual Report.

Independensi Anggota Komite Nominasi dan                                       Independence of Nomination and Remuneration
Remunerasi                                                                     Committee Members

Sesuai dengan ketentuan dalam Peraturan Otoritas Jasa                          In accordance with the provisions of Financial Services
Keuangan No. 34/POJK.04/2014 tentang Komite Nominasi                           Authority Regulation No. 34/POJK.04/2014 on the
dan Remunerasi Emiten atau Perusahaan Publik dan                               Nomination and Remuneration Committee of Issuers or
Peraturan Menteri Badan Usaha Milik Negara No. PER-3/                          Public Companies and State-Owned Enterprise Ministerial
MBU/03/2023, tanggal 24 Maret 2023, tentang Organ dan                          Regulation No. PER-3/MBU/03/2023, dated March 24, 2023,
Sumber Daya Manusia Badan Usaha Milik Negara, seluruh                          on State-Owned Enterprise Organs and Human Resources,
anggota Komite Nominasi dan Remunerasi telah memenuhi                          all members of the Nomination and Remuneration Committee
persyaratan jumlah, komposisi, kriteria, kompetensi, dan                       have met the requirements for number, composition, criteria,
independensi.                                                                  competence, and independence.



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06                                 07                                      08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




Tabel Independensi Komite Nominasi dan Remunerasi
Table of Independence of Nomination and Remuneration Committee Members



      Aspek Independensi                            Juri                     Fariz                          Raja         Chitra Mardi   Dewa Aji
                                   Nachrowi                      Partoyo                  Marsetio
     Independence Aspect                         Ardiantoro                 Alnizar                       Erizman       Rahayuningsih   Ariwanto
                                    Ramli *                        **                       ***
                                                      *                       **                            ***              ****        *****
 Tidak memiliki hubungan
 keuangan dengan Dewan
 Komisaris.
 Has no financial relationship
 with the Board of
 Commissioners.

 Tidak memiliki hubungan
 kepengurusan di
 perusahaan, anak
 perusahaan, maupun
 perusahaan afiliasi.
 Has no management
 relationship in the company,
 subsidiaries, or affiliated
 companies.

 Tidak memiliki hubungan
 kepemilikan saham di
 perusahaan.
 Has no share ownership
 relationship in the company.

 Tidak memiliki hubungan
 kekeluargaan dengan
 Dewan Komisaris, Direksi,
 dan/atau sesama anggota
 Komite Audit.
 Has no familial relationship
 with the Board of
 Commissioners, Board of
 Directors, and/or fellow
 members of the Audit
 Committee.

 Tidak menjabat sebagai
 pengurus partai politik,
 pejabat, dan pemerintah.
 Does not serve as a political
 party official, government
 official, or public official.
 Keterangan/Notes:
 *     Menjabat sejak 05 Juni 2025/Appointed since June 5, 2025
 **    Menjabat sejak 10 Juli 2025/Appointed since July 10, 2025
 ***   Menjabat sampai 07 Maret 2025/Appointed since March 3, 2025
 **** Menjabat sampai 14 Februari 2025/Appointed since February 14, 2025
 ***** Menjabat sampai 01 Juli 2025/Appointed since July 1, 2025


Sebagai bentuk penerapan prinsip independensi, Komite                        As a form of implementing the principle of independence,
Nominasi dan Remunerasi menandatangani Surat Pernyataan                      the Nomination and Remuneration Committee signed
Independensi. Surat pernyataan tersebut, memuat beberapa                     a Statement of Independence. The statement contains
pernyataan penting, antara lain bahwa Komite Nominasi &                      several important statements, including that the Jasa Marga
Remunerasi Jasa Marga:                                                       Nomination & Remuneration Committee:
1. Tidak memiliki kepentingan/keterkaitan pribadi yang                       1. Has no personal interests/connections that could have
    dapat menimbulkan dampak negatif dan konflik                                a negative impact and conflict of interest with the
    kepentingan terhadap Perseroan.                                             Company.
2. Tidak memiliki saham Perseroan, baik langsung maupun                      2. Does not own any shares in the Company, either directly
    tidak langsung.                                                             or indirectly.
3. Akan menjaga kerahasiaan dokumen, data, dan                               3. Will maintain the confidentiality of the Company’s
    informasi Perseroan, baik dari pihak internal maupun                        documents, data, and information, both from internal
    pihak eksternal, dan hanya digunakan untuk kepentingan                      and external parties, and will only use them for the
    pelaksanaan tugas Komite Nominasi & Remunerasi.                             purposes of carrying out the duties of the Nomination
                                                                                and Remuneration Committee.




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                         629
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01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Tugas dan Tanggung Jawab Komite Nominasi dan                        Nomination and Remuneration Committee Duties
Remunerasi                                                          and Responsibilities

Berdasarkan Piagam Komite Nominasi dan Remunerasi                   Based on the Nomination and Remuneration Committee
PT Jasa Marga (Persero) Tbk yang ditetapkan melalui                 Charter of PT Jasa Marga (Persero) Tbk as stipulated in
Keputusan Dewan Komisaris No. KEP-007/I/2022 tentang                the Board of Commissioners Decree No. KEP-007/I/2022
Penetapan Piagam Komite Nominasi dan Remunerasi                     on the Establishment of the Charter of the Nomination and
PT Jasa Marga (Persero) Tbk, dan mengacu pada Peraturan             Remuneration Committee of PT Jasa Marga (Persero) Tbk,
Menteri Badan Usaha Milik Negara No. PER-3/MBU/03/2023,             and referring to the Minister of State-Owned Enterprises
tanggal 24 Maret 2023, tentang Organ dan Sumber Daya                Regulation No. PER-3/MBU/03/2023, dated March 24, 2023,
Manusia Badan Usaha Milik Negara, maka tugas Komite                 on State-Owned Enterprises’ Organs and Human Resources,
Nominasi dan Remunerasi adalah sebagai berikut:                     the duties of the Nomination and Remuneration Committee
                                                                    are as follows:
1.  Secara kolektif dalam melaksanakan tugasnya                     1. Collectively, in carrying out its duties, assists the Board
    membantu Dewan Komisaris;                                           of Commissioners;
2. Bersifat mandiri baik dalam pelaksanaan tugasnya                 2. To be independent in the performance of its duties and
    maupun dalam laporan dan bertanggung jawab kepada                   in its reporting, and to be accountable to the Board of
    Dewan Komisaris;                                                    Commissioners;
3. Menyusun manual kerja, program kerja komite tahunan              3. Prepare work manuals, annual committee work
    dan melakukan self-assessment serta melaporkannya                   programs, and conduct self-assessments and report
    ke Dewan Komisaris;                                                 them to the Board of Commissioners;
4. Membuat laporan periodik triwulanan dan tahunan dan              4. Prepare quarterly and annual reports and submit them
    disampaikan kepada Komisaris Utama. Laporan tersebut                to the President Commissioner. These reports may be
    bisa menjadi bagian dari Laporan Tahunan Dewan                      included in the Board of Commissioners’ Annual Report
    Komisaris dan/atau Laporan Tahunan Perseroan;                       and/or the Company’s Annual Report;
5. Menyelenggarakan         rapat-rapat     Komite     dan          5. Conduct committee meetings and document them
    mendokumentasikan dengan baik;                                      properly;
6. Melakukan penelaahan dan memberikan masukan/                     6. Reviewing and providing input/recommendations on
    rekomendasi atas rencana kebijakan dan strategi                     human resource and organizational transformation
    Sumber Daya Manusia dan Transformasi Organisasi;                    policy and strategy plans;
7. Melakukan review secara berkala atas Sistem Pengelolaan          7. Conducting periodic reviews of the Company’s Talent
    Talenta Talent Management System) Perseroan serta                  Management System as well as monitoring and
    Monitoring dan evaluasi atas pelaksanaannya;                        evaluating its implementation;
8. Melakukan evaluasi terhadap sistem dan prosedur                  8. Evaluate the Talent Classification system and procedures
    Pengklasifikasian Talenta (Talent Classification) yang              implemented by the Board of Directors;
    dilakukan oleh Direksi;
9. Melakukan validasi dan kalibrasi atas Talenta yang               9. Validate and calibrate the Talents proposed by the Board
    diusulkan oleh Direksi kepada Dewan Komisaris                       of Directors to the Board of Commissioners (Selected
    (Selected Talent), untuk menghasilkan daftar Talenta                Talent), to produce a list of Talents to be nominated
    yang akan dinominasikan oleh Dewan Komisaris kepada                 by the Board of Commissioners to the GMS/Minister
    RUPS/Menteri (Nominated Talent);                                    (Nominated Talent);
10. Melakukan evaluasi terhadap Calon Wakil Perseroan               10. Evaluating the Company’s Deputy Candidates who will
    yang akan diusulkan sebagai anggota Direksi atau                    be proposed as members of the Board of Directors or
    anggota Komisaris perusahaan anak, sebelum diajukan                 members of the Board of Commissioners of subsidiary
    kepada RUPS/Menteri;                                                companies, before being submitted to the GMS/Minister;
11. Melakukan evaluasi atas usulan Key Performance                  11. Evaluating the proposed Individual Key Performance
    Indicators Individu anggota Direksi;                                Indicators of members of the Board of Directors;
12. Menyiapkan usulan sistem evaluasi kinerja individu bagi         12. Preparing proposals for individual performance
    anggota Direksi dan/atau anggota Dewan Komisaris;                   evaluation systems for members of the Board of Directors
                                                                        and/or members of the Board of Commissioners;
13. Menyiapkan usulan program pengembangan bagi                     13. Preparing proposals for development programs for
    anggota Direksi dan/atau anggota Dewan Komisaris;                   members of the Board of Directors and/or members of
                                                                        the Board of Commissioners;
14. Melakukan evaluasi atas kebijakan remunerasi bagi               14. Evaluating remuneration policies for employees
    pegawai yang membutuhkan persetujuan/tanggapan                      that require approval/response from the Board of
    dari Dewan Komisaris;                                               Commissioners;
15. Melakukan evaluasi atas usulan Direksi mengenai                 15. Evaluating the Board of Directors’ proposals regarding
    struktur organisasi perusahaan;                                     the company’s organizational structure;
16. Melakukan identifikasi hal-hal yang memerlukan                  16. Identifying matters that require the attention of the
    perhatian Dewan Komisaris serta tugas-tugas lain yang               Board of Commissioners and other tasks assigned by
    diberikan Dewan Komisaris jika diperlukan;                          the Board of Commissioners, if necessary;




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




17. Tugas Khusus dari Dewan Komisaris:                                17. Special Duties of the Board of Commissioners:
    a. Pemberian tugas khusus kepada Komite Nominasi                      a. The Board of Commissioners assigns special tasks
       dan Remunerasi oleh Dewan Komisaris dilakukan                         to the Nomination and Remuneration Committee by
       dengan perintah tertulis yang memuat:                                 means of a written order containing:
       i. Nama yang diberi tugas;                                            i. The name assigned to the task;
       ii. Sifat penugasan;                                                  ii. The nature of the assignment;
       iii. Lingkup pekerjaan;                                               iii. The scope of work;
       iv. Tujuan dan sasaran pekerjaan; dan                                 iv. The work objectives and goals; and
       v. Jangka waktu penugasan.                                            v. The assignment duration.
    b. Lingkup pekerjaan tugas khusus sepenuhnya                          b. The scope of special tasks is entirely determined by
       ditentukan oleh Dewan Komisaris sepanjang tidak                       the Board of Commissioners as long as it does not
       bertentangan dengan peraturan perundangan yang                        conflict with applicable laws and regulations;
       berlaku;
    c. Dalam melaksanakan tugas khusus Komite dapat:                       c. In carrying out its special duties, the Committee may:
       i. Melakukan review terhadap semua catatan,                            i. Review all necessary records, documents, and
            dokumen dan informasi lainnya yang diperlukan                         other information, including the minutes of
            termasuk notulen rapat Dewan Direksi dan rapat                        Board of Directors and Board of Commissioners
            Dewan Komisaris; jika dianggap perlu,                                 meetings; if deemed necessary,
       ii. Melakukan analisis dan evaluasi, bekerja sama                      ii. Conduct analysis and evaluation, in collaboration
            dengan struktural Manajemen dan/atau struktural                       with Management and/or relevant work units, or
            unit kerja terkait atau meminta bantuan tenaga ahli                   request the assistance of experts or consultants
            atau konsultan untuk membantu Komite Nominasi                         to assist the Nomination and Remuneration
            dan Remunerasi dengan beban Perseroan.                                Committee with the Company’s responsibilities.
    d. Menyampaikan laporan pelaksanaan tugas khusus                       d. Submit reports on the implementation of special
       kepada Dewan Komisaris.                                                duties to the Board of Commissioners.

Kewenangan                                                            Authorities

Dalam melaksanakan tugasnya, Komite Nominasi dan                      In carrying out its duties, the Nomination and Remuneration
Remunerasi memiliki kewenangan sebagai berikut:                       Committee has the following authorities:
1. Mengakses catatan atau informasi tentang aset dan                  1. Access records or information about assets and other
   sumber daya lainnya dan memasuki pekarangan,                           resources and enter the grounds, buildings, and offices
   gedung, serta kantor yang dipergunakan oleh Perseroan;                 used by the Company;
2. Berhak mendapat dan meminta setiap hasil kajian/                   2. The right to obtain and request any review results/
   Strategi/Dasar Keputusan bidang Nominasi dan                           strategies/basis for decisions in the field of Nomination
   Remunerasi termasuk yang terkait dengan Bidang                         and Remuneration, including those related to Human
   Human Capital dan Transformasi yang dilakukan baik                     Capital, and Transformation carried out by risk owners,
   oleh para risk owner, Para Pejabat Struktural terkait,                 relevant structural officials, risk champions, internal
   Risk Champion, Satuan Pengawasan Intern maupun                         supervisory units, and the Board of Directors;
   Direksi Perseroan;
3. Meminta penjelasan dari Direksi dan/atau pejabat                   3. Request explanations from the Board of Directors and/
   lainnya mengenai segala persoalan yang menyangkut                     or other officials regarding all matters relating to the
   pengelolaan Perseroan;                                                management of the Company;
4. Dalam melaksanakan kewenangannya, Komite bekerja                   4. In exercising its authority, the Committee shall
   sama dengan unit kerja terkait, dalam hal ini Para risk               cooperate with relevant work units, in this case, the risk
   owner, Pejabat Struktural terkait Kendali Mutu, Corporate             owners, relevant Structural Officials for Quality Control,
   Secretary, Sumber Daya Manusia, Transformasi                          Corporate Secretary, Human Resources, Organizational
   Organisasi serta Satuan Pengawasan Intern Perseroan                   Transformation, as well as the Company’s Internal Audit
   dan unit terkait lainnya;                                             Unit and other relevant units;
5. Melakukan review, memeriksa, melakukan analisa dan                 5. Conducting reviews, examinations, analyses, and
   memberikan pendapat serta rekomendasi dalam batas                     providing opinions and recommendations within the
   ruang lingkup tugasnya;                                               scope of its duties;
6. Mencari dan mendapatkan informasi (akses yang tidak                6. Seek and obtain relevant information (unrestricted
   terbatas) yang relevan dari Sistem Informasi Manajemen                access) from the Management Information System
   (SIM), laporan-laporan, maupun dari setiap anggota                    (MIS), reports, or from any member of the Board of
   Direksi, karyawan atau individu atau narasumber terkait;              Directors, employee, individual, or relevant source;
7. Mengundang manajemen untuk hadir dalam rapat                       7. Inviting management to attend Committee meetings;
   Komite; dan                                                           and
8. Melakukan kewenangan lain yang diberikan oleh Dewan                8. Exercise other authorities granted by the Board of
   Komisaris.                                                            Commissioners.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                             631
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01                           02                  03                       04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile           Management Discussion and Analysis       Business Support Functions




Pengembangan Kompetensi                                             Competency Development

Pengembangan kompetensi Komite Nominasi dan                         The development of the Nomination and Remuneration
Remunerasi dapat dilihat pada bab Profil dalam buku                 Committee’s competencies is available in the Company
Laporan Tahunan ini.                                                Profile chapter of this Annual Report.

Kebijakan dan Besaran Remunerasi bagi Komite                        Nomination and Remuneration Committee
Nominasi dan Remunerasi                                             Remuneration Policy and Amount

Berdasarkan Peraturan Menteri Badan Usaha Milik Negara              Based on the Minister of State-Owned Enterprises
No. PER-3/MBU/03/2023, tanggal 24 Maret 2023, tentang               Regulation No. PER-3/MBU/03/2023 dated March 24, 2023,
Organ dan Sumber Daya Manusia Badan Usaha Milik Negara,             on the Organization and Human Resources of State-Owned
Anggota Komite Nominasi dan Remenerasi yang bukan                   Enterprises, Nomination and Remuneration Committee
anggota Dewan Komisaris memperoleh remunerasi berupa                members who are not Board of Commissioners members
honorarium maksimal sebesar 20% dari gaji Direktur Utama.           receive remuneration in the form of an honorarium of up to
                                                                    20% of the President Director’s salary.

Pelaksanaan Tugas Komite Nominasi dan                               Implementation of Nomination and Remuneration
Remunerasi                                                          Committee Duties

Dalam pelaksanaan tugas dan fungsinya, Komite Nominasi              In carrying out its duties and functions, the Nomination
dan Remunerasi telah melaksanakan pembahasan baik                   and Remuneration Committee has held discussions with
bersama Dewan Komisaris, Manajemen dan Internal Komite.             the Board of Commissioners, Management, and Internal
                                                                    Committees.

Selama Tahun 2025, realisasi atas pelaksanaan tugas Komite          Throughout 2025, the Nomination and Remuneration
Nominasi dan Remunerasi di antaranya sebagai berikut:               Committee carried out the following duties:

1.   Pengawasan dan Pemberian Saran Bidang Nominasi dan             1.   Supervision and Provision of Advice on Nomination and
     Remunerasi                                                          Remuneration Matters
     Pengawasan dan pemberian saran/nasihat di bidang                    Supervision and provision of advice in the area of
     Nominasi dan Remunerasi dilakukan dengan cara                       Nomination and Remuneration are carried out by
     melakukan review terhadap kebijakan dan sistem                      reviewing the Company's nomination and remuneration
     nominasi serta sistem remunerasi pada Perseroan                     policies and systems in accordance with the applicable
     berdasarkan ketentuan yang berlaku pada Perseroan.                  provisions. Such advice and input serve as material for
     Saran dan masukan tersebut menjadi bahan masukin                    the Board of Commissioners in performing its supervisory
     Dewan Komisaris dalam menjalankan fungsi Pengawasan                 and advisory functions in the area of nomination and
     dan pemberian saran/nasihat di bidang nominasi dan                  remuneration.
     remunerasi.

2. Kajian dan Telaah Komite                                         2. Committee Reviews and Studies
   Komite Nominasi dan Remunerasi secara berkala juga                  The Nomination and Remuneration Committee also
   mengadakan kajian atau telaah atas berbagai hal yang                periodically conducts reviews or assessments of various
   diperlukan dalam menjalankan tugasnya. Selama tahun                 matters necessary for the performance of its duties.
   2025, Komite Nominasi dan Remunerasi menghasilkan                   Throughout 2025, the Nomination and Remuneration
   telaahan/hasil kajian antaranya terkait hal-hal sebagai             Committee produced reviews/assessments related to
   berikut:                                                            the following matters:
   a. Usulan Pengurus Anak Perusahaan.                                 a. Proposed Management of Subsidiaries.
   b. Pengisian Jabatan Corporate Secretary and Chief                  b. Filling the positions of Corporate Secretary and
       Administration Officer.                                             Chief Administration Officer.
   c. Remunerasi Direksi dan Dewan Komisaris.                          c. Remuneration of the Board of Directors and Board of
                                                                           Commissioners.
     d. Usulan Nominated Talent Tahun 2025.                            d. Nominated Talent Proposals for 2025.
     e. Pelatihan dan Sertifikasi.                                     e. Training and Certification.

3. Kunjungan Lapangan/Unit Usaha                                    3. Field/Business Unit Visits
   Komite Nominasi dan Remunerasi melaksanakan                         The Nomination and Remuneration Committee conducts
   kegiatan kunjungan lapangan dan/atau unit usaha dalam               field visits and/or business-unit visits to obtain
   rangka memperoleh informasi yang komprehensif dan                   comprehensive and accurate information on strategic
   akurat mengenai bidang-bidang atau hal-hal strategis                areas or matters that require attention.
   yang memerlukan perhatian.




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




     Selama Tahun 2025, Komite telah melaksanakan 5 (lima)                    Throughout 2025, the Committee conducted 5 (five)
     kali kunjungan, dengan rincian sebagai berikut:                          visits, with the following details:



                                                              Agenda                                                         Tanggal
      No.
                                                                                                                              Date
       1.   Susur dan Kunjungan Ruas Tol Fungsional Jalan Tol Yogya-Solo dalam Rangka Persiapan Idul Fitri 2025        06 Maret 2025
            Inspection and Visit to the Functional Toll Road Section of the Yogyakarta-Solo Toll Road in Preparation   March 6, 2025
            for Eid al-Fitr 2025

       2.   Peninjauan Jalan Tol Trans Jawa dalam Kesiapan Operasional Mudik Idul Fitri 2025                           17-19 Maret 2025
            Inspection of the Trans Java Toll Road in Preparation for Eid al-Fitr 2025                                 March 17-19, 2025

       3.   Kunjungan Lapangan ke Proyek Tol Jakarta-Cikampek Selatan                                                  19 Juni 2025
            Field Visit to the Jakarta-Cikampek Selatan Toll Road Project                                              June 19, 2025

       4.   Kunjungan ke Jasamarga Tollroad Command Center, Jatiasih, Bekasi                                           15 Juli 2025
            Visit to the Jasamarga Tollroad Command Center, Jatiasih, Bekasi                                           July 15, 2025

       5.   Kunjungan ke PT Jasamarga Manado Bitung                                                                    07-09 Agustus 2025
            Visit to PT Jasamarga Manado Bitung                                                                        August 7-9, 2025


4. Pengembangan Kompetensi Komite Nominasi dan                           4. Competency Development of the Nomination and
   Remunerasi                                                               Remuneration Committee
   Sepanjang tahun 2025, Perseroan telah mengikutsertakan                   Throughout 2025, the Company has enrolled the
   Komite Nominasi dan Remunerasi pada berbagai                             Nomination and Remuneration Committee in various
   pelatihan sebagai bentuk pengembangan kompetensi.                        training programmes as part of its competency
   Lebih lanjut mengenai pengembangan kompetensi                            development initiatives. Further details regarding
   Komite Nominasi dan Remunerasi, dapat dilihat pada Bab                   the competency development of the Nomination and
   Profil Perusahaan, bagian Pengembangan Kompetensi                        Remuneration Committee can be found in the Company
   Komite Nominasi dan Remunerasi.                                          Profile section, under ‘Competency Development of the
                                                                            Nomination and Remuneration Committee’.

5. Penugasan Dewan Komisaris                                             5. Assignment of the Board of Commissioners
   Komite Nominasi dan Remunerasi mendapatkan                               The Nomination and Remuneration Committee is
   penugasan dari Dewan Komisaris untuk ikut hadir dan                      assigned by the Board of Commissioners to attend
   memberi masukan/pendapat dalam Rapat Dewan                               and provide input/opinions at Board of Commissioners
   Komisaris dan Rapat Gabungan Direksi dan Komisaris                       Meetings, Joint Meetings of the Board of Directors and
   atau Rapat Khusus.                                                       Board of Commissioners, or Special Meetings.

Rapat Komite Nominasi dan Remunerasi                                     Nomination and Remuneration Committee
                                                                         Meetings

Komite Nominasi dan Remunerasi secara fungsinya                          The Nomination and Remuneration Committee assists the
membantu Dewan Komisaris. Komite Nominasi dan                            Board of Commissioners in its functions. The Committee
Remunerasi juga mengadakan dan/atau mengikuti rapat                      also holds and/or attends meetings as part of its work.
sebagai salah satu wujud kerja. Adapun rapat-rapat yang                  The meetings held and/or attended by the Nomination and
diadakan dan/atau diikuti oleh Komite Nominasi dan                       Remuneration Committee include:
Remunerasi di antaranya adalah:
1. Rapat Komite Nominasi dan Remunerasi;                                 1.   Nomination and Remuneration Committee Meeting;
2. Rapat Koordinasi Komite;                                              2.   Committee Coordination Meeting;
3. Rapat Dewan Komisaris; dan                                            3.   Board of Commissioners Meeting; and
4. Rapat Koordinasi Dewan Komisaris-Direksi.                             4.   Board of Commissioners-Management Coordination
                                                                              Meeting.

Sesuai Peraturan Otoritas Jasa Keuangan No. 34/                          In accordance with Financial Services Authority Regulation
POJK.04/2014 pasal 12 ayat 2 menyebutkan bahwa Rapat                     No. 34/POJK.04/2014 article 12 paragraph 2, a Committee
Komite merupakan Rapat yang dihadiri oleh Ketua Komite                   Meeting is a meeting attended by the Chairman of the
Nominasi dan Remunerasi serta dihadiri oleh mayoritas                    Nomination and Remuneration Committee and a majority
jumlah anggota Komite Nominasi dan Remunerasi. Peraturan                 of the members of the Nomination and Remuneration
Otoritas Jasa Keuangan No. 34/POJK.04/2014 pasal 12 ayat                 Committee. Financial Services Authority Regulation No. 34/
1 juga menyebutkan bahwa Rapat Komite Nominasi dan                       POJK.04/2014, article 12, paragraph 1 also states that the
Remunerasi diselenggarakan secara berkala paling kurang                  Nomination and Remuneration Committee Meeting shall
1 (satu) kali dalam 4 (empat) bulan. Rapat Komite bisa                   be held periodically at least once every 4 (four) months.
dihadiri internal Komite saja atau bisa juga mengundang                  Committee meetings may be attended by internal
narasumber dari pihak lain termasuk Jajaran Manajemen                    Committee members only or may also invite speakers from
Perseroan.                                                               other parties, including the Company’s Management.



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Ikhtisar Kinerja Utama       Laporan Manajemen     Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report     Company Profile          Management Discussion and Analysis       Business Support Functions




Rapat Koordinasi Komite adalah Rapat yang dilakukan secara            The Committee Coordination Meeting is a meeting held
bersama-sama oleh Komite Nominasi dan Remunerasi                      jointly by the Nomination and Remuneration Committee
dengan jajaran Manajemen Jasa Marga Grup. Berbeda                     and the management of Jasa Marga Group. Unlike the
dengan Rapat Komite Nominasi dan Remunerasi, Rapat                    Nomination and Remuneration Committee Meeting, the
Koordinasi Komite tidak harus dihadiri oleh Ketua Komite              Committee Coordination Meeting may not be attended
Nominasi dan Remunerasi dan juga tidak harus dihadiri                 by the Chairman of the Nomination and Remuneration
oleh mayoritas Anggota Komite. Rapat Koordinasi sudah                 Committee, nor does it have to be attended by a majority
bisa dilakukan cukup dengan dihadiri oleh minimal 1 (satu)            of Committee Members. The Coordination Meeting can
Anggota Komite dan juga perwakilan pihak Manajemen Jasa               be held with the attendance of at least 1 (one) Committee
Marga Grup. Rapat Koordinasi Komite ini dilakukan sebagai             Member and a representative of Jasa Marga Group
bagian dari tugas Komite Nominasi dan Remunerasi untuk                Management. This Committee Coordination Meeting is held
membantu Dewan Komisaris melakukan Fungsi Pengawasan                  as part of the duties of the Nomination and Remuneration
dan juga memberikan Saran/Rekomendasi langsung ke                     Committee to assist the Board of Commissioners in
pihak Manajemen Jasa Marga Grup. Dengan adanya Rapat                  performing its Supervisory Function and also to provide
Koordinasi ini juga membangun hubungan komunikasi yang                direct Advice/Recommendations to Jasa Marga Group
baik antara pihak Manajemen Jasa Marga Grup dengan                    Management. These Coordination Meetings also build good
Komite Nominasi dan Remunerasi yang diwakili oleh minimal             communication between Jasa Marga Group Management
1 (satu) Anggota Komite yang hadir dalam rapat tersebut.              and the Nomination and Remuneration Committee, which is
Rapat Koordinasi ini bisa diadakan serta diinisiasi oleh Komite       represented by at least 1 (one) Committee Member attending
Nominasi dan Remunerasi atau bisa juga atas inisiatif jajaran         the meeting. This meeting can be held and initiated by the
Manajemen, dan juga bisa dilakukan oleh inisiatif Komite lain         Nomination and Remuneration Committee or at the initiative
atau secara bersama-sama dimana Komite Nominasi dan                   of Management, and can also be held at the initiative of
Remunerasi hadir sebagai peserta.                                     other Committees or jointly, where the Nomination and
                                                                      Remuneration Committee is present as a participant.

Rapat Dewan Komisaris adalah Rapat Rutin Dewan Komisaris              The Board of Commissioners Meeting is a routine meeting
dimana Komite Nominasi dan Remunerasi diminta hadir                   of the Board of Commissioners where the Nomination and
untuk memberi masukan dan menyampaikan laporan hasil                  Remuneration Committee is requested to attend to provide
telaah ataupun memberi masukan dan pandangan.                         input and submit review reports or provide input and views.

Rapat Koordinasi Dewan Komisaris-Direksi adalah Rapat                 The Board of Commissioners-Board of Directors Coordination
Rutin Dewan Komisaris dengan Direksi yang membahas                    Meeting is a regular meeting of the Board of Commissioners
tentang suatu tema tertentu. Jika diperlukan Komite                   with the Management that discusses a specific theme. If
Nominasi dan Remunerasi diminta hadir untuk memberi                   necessary, the Nomination and Remuneration Committee
masukan dan menyampaikan laporan hasil telaah ataupun                 is asked to attend to provide input and submit review
memberi masukan dan pandangan sebagai bagian dari                     reports or provide input and views as part of the Board of
penugasan khusus Dewan Komisaris kepada Komite                        Commissioners’ special assignment to the Nomination and
Nominasi dan Remunerasi.                                              Remuneration Committee.

Rapat Khusus adalah Rapat yang dilakukan Dewan Komisaris              Special Meetings are meetings held by the Board of
yang membahas tentang tema tertentu di luar Rapat Rutin               Commissioners to discuss specific topics outside of the
Dewan Komisaris dan Rapat Koordinasi Dewan Komisaris-                 Board of Commissioners’ Regular Meetings and Board of
Direksi. Jika diperlukan Komite Nominasi dan Remunerasi               Commissioners- Board of Directors Coordination Meetings.
diminta hadir untuk memberi masukan dan menyampaikan                  If necessary, the Nomination and Remuneration Committee
laporan hasil telaah ataupun memberi masukan dan                      is requested to attend to provide input and submit review
pandangan.                                                            reports or provide input and views.

Sepanjang tahun 2025, Komite Nominasi dan Remunerasi                  Throughout 2025, the Nomination and Remuneration
melakukan rapat sebanyak 9 (sembilan) kali dengan agenda              Committee held 9 (nine) meetings with agendas including
di antaranya terkait hal-hal sebagai berikut:                         the following matters:
1. Dana Pensiun Jasa Marga.                                           1. Jasa Marga Pension Fund.
2. Remunerasi Direksi dan Dewan Komisaris.                            2. Remuneration of the Board of Directors and Board of
                                                                          Commissioners.
3. Nominated Talent Tahun 2025.                                       3. Nominated Talent for 2025.
4. Internal Komite Nominasi dan Remunerasi.                           4. Internal Nomination and Remuneration Committee.
5. Pelatihan Dewan Komisaris dan Komite.                              5. Training for the Board of Commissioners and Committee.
6. RKAP 2026.                                                         6. 2026 Work Plan.
7. Program Kerja Tahun 2026.                                          7. 2026 Work Program.
8. Laporan Tahunan Komite Nominasi dan 9. Remunerasi                  8. 2025 Annual Report of the Nomination and Remuneration
Tahun 2025.                                                               Committee.
9. Laporan Tahunan Jasa Marga.                                        9. Jasa Marga Annual Report.
10. Struktur Organisasi.                                              10. Organizational Structure.




634                                                                       Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Tabel Kehadiran Komite Nominasi dan Remunerasi dalam Rapat Komite Nominasi dan Remunerasi 2025
Table of Nomination and Remuneration Committee’s Attendance at the 2025 Nomination and Remuneration Committee Meetings

                                                                                                                                 Chitra Mardi   Dewa Aji
                                    Nachrowi          Juri                         Fariz          Marsetio      Raja Erizman
                                                                   Partoyo **                                                   Rahayuningsih   Ariwanto
                                     Ramli *      Ardiantoro *                   Alnizar **         ***              ***
                                                                                                                                     ****        *****
 Jumlah Rapat Dalam Setahun
                                                                                              9
 Total Meetings in One Year

 Jumlah Rapat yang Wajib Dihadiri
                                         6              6               9             5              3               3                3            4
 Total Mandatory Meetings

 Jumlah Rapat yang Dihadiri
                                         6              6               5             5              3               3                3            4
 Total Attended Meetings

 Presentasi Kehadiran (%)
                                      100%            100%             100%         100%           100%            100%              100%         100%
 Attendance Percentage (%)

 Rata-Rata (%)
                                                                                            100%
 Average (%)

 Keterangan/Notes:
 *     Menjabat sejak 05 Juni 2025/Appointed since June 5, 2025
 **    Menjabat sejak 10 Juli 2025/Appointed since July 10, 2025
 *** Menjabat sampai 07 Maret 2025/Appointed since March 3, 2025
 **** Menjabat sampai 14 Februari 2025/Appointed since February 14, 2025
 ***** Menjabat sampai 01 Juli 2025/Appointed since July 1, 2025


Rata-rata tingkat kehadiran dalam rapat adalah sebesar                          The average attendance rate at meetings is 100%. The
100% saran/rekomendasi/tanggapan Komite Nominasi dan                            suggestions/recommendations/responses of the Nomination
Remunerasi dituangkan dalam Notulensi Rapat Koordinasi/                         and Remuneration Committee are recorded in the
catatan diskusi.                                                                Coordination Meeting Minutes/discussion notes.

Pemenuhan Key Performance Indicator (KPI)                                       Fulfillment of Nomination and Remuneration
Komite Nominasi dan Remunerasi                                                  Committee Key Performance Indicators (KPIs)

KPI Komite Nominasi dan Remunerasi dinilai dengan cara                          The Nomination and Remuneration Committee's KPIs are
self-assessment. Pada tahun 2025, berdasarkan hasil                             assessed through self-assessment. In 2025, based on the
self-assessment, pemenuhan KPI Komite Nominasi dan                              self-assessment results, the Nomination and Remuneration
Remunerasi mencapai nilai total 100%. Secara umum                               Committee's KPI fulfillment achieved a total score of 100%.
pada tahun 2025 Komite Nominasi dan Remunerasi telah                            In general, in 2025, the Nomination and Remuneration
melaksanakan seluruh kegiatan sesuai dengan perencanaan                         Committee carried out all activities in accordance with the
yang ditetapkan dan telah memenuhi seluruh indikator                            established plan and met all assessment indicators.
penilaian.



Tabel Hasil Penilaian KPI Komite Nominasi dan Remunerasi Tahun 2025
Table of Nomination and Remuneration Committee KPI Assessment Results in 2025



                                             Program Kerja                                           Bobot               Ketercapaian            Skor
 No.                                         Work Program                                            Weight              Achievement            Score
                                                                                                      (A)                 [0-100] (B)           (AxB)
  1.    Melakukan tinjauan secara berkala atas Sistem Manajemen Talenta serta
        pengawasan dan evaluasi atas pelaksanaannya.
                                                                                                         5%                    100               5%
        Conduct periodic reviews of the Talent Management System, as well as
        monitor and evaluate its implementation.

  2.    Melakukan evaluasi terhadap sistem dan prosedur Pengklasifikasian Talenta
        yang dilakukan oleh Direksi.
                                                                                                         5%                    100               5%
        Evaluate the Talent Classification system and procedures carried out by the
        Board of Directors.

  3.    Melakukan validasi dan kalibrasi atas Talenta untuk menghasilkan daftar
        Talenta Ternominasi (nominated talenta) yang dinominasikan oleh Dewan
        Komisaris kepada RUPS/Menteri (Nominated Talent).                                                5%                    100               5%
        Validate and calibrate Talents to produce a list of Nominated Talents nominated
        by the Board of Commissioners to the GMS/Minister (Nominated Talent).

  4.    Melakukan evaluasi terhadap Calon Wakil BUMN yang akan diusulkan sebagai
        anggota Direksi atau anggota Dewan Komisaris Anak Perusahaan, sebelum
        diajukan kepada RUPS/Menteri/BP BUMN.
                                                                                                         7,5%                  100              7,5%
        Evaluate candidates for Deputy SOE who will be proposed as members of the
        Board of Directors or Board of Commissioners of Subsidiaries, before being
        submitted to the GMS/Minister/SOE Supervisory Agency.



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Ikhtisar Kinerja Utama           Laporan Manajemen       Profil Perusahaan        Analisa dan Pembahasan Manajemen           Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report       Company Profile          Management Discussion and Analysis         Business Support Functions




Tabel Hasil Penilaian KPI Komite Nominasi dan Remunerasi Tahun 2025
Table of Nomination and Remuneration Committee KPI Assessment Results in 2025



                                         Program Kerja                                       Bobot            Ketercapaian               Skor
 No.                                     Work Program                                        Weight           Achievement               Score
                                                                                              (A)              [0-100] (B)              (AxB)
  5.     Melakukan evaluasi atas capaian KPI Individu anggota Direksi.
                                                                                               7,5%                   100                7,5%
         Evaluate the achievement of Individual KPIs of Board of Directors members.

  6.     Menyiapkan usulan sistem evaluasi kinerja individu bagi anggota Direksi yang
         dinilai oleh Dewan Komisaris (melakukan evaluasi terhadap Direksi BUMN yang
         saat ini sedang menjabat).
                                                                                               7,5%                   100                7,5%
         Prepare proposals for individual performance evaluation systems for members
         of the Board of Directors who are assessed by the Board of Commissioners (to
         evaluate the current Board of Directors of SOEs).

   7.    Menyiapkan usulan program pengembangan bagi anggota Direksi dan/atau
         anggota Dewan Komisaris.
                                                                                                5%                    100                 5%
         Prepare proposals for development programs for members of the Board of
         Directors and/or members of the Board of Commissioners.

  8.     Melakukan evaluasi atas kebijakan remunerasi bagi karyawan dan/atau Direksi
         yang membutuhkan persetujuan/tanggapan dari Dewan Komisaris.
                                                                                                5%                    100                 5%
         Evaluate remuneration policies for employees and/or the Board of Directors
         that require approval/response from the Board of Commissioners.

  9.     Melakukan evaluasi atas usulan Direksi mengenai struktur organisasi
         Perusahaan.
         a. Tata Kelola, Tata Hubungan Induk dan Dewan Komisaris Anak.
         b. Penambahan Direktorat Risiko.
                                                                                               7,5%                   100                7,5%
         Evaluate proposals from the Board of Directors regarding the Company's
         organizational structure.
         a. Governance, Parent-Subsidiary Relations, and Board of Commissioners.
         b. Addition of a Risk Directorate.

  10.    Melakukan evaluasi atas usulan Tantiem.
                                                                                               7,5%                   100                7,5%
         Evaluate proposals for Tantiem.

  11.    Pembuatan Laporan
         Report Preparation
                                                                                               7,5%                   100                7,5%
         a. Laporan Tahunan pelaksanaan Tugas.
            Annual Report on Task Implementation.

         b.   Laporan Triwulanan pelaksanaan tugas.
                                                                                               7,5%                   100                7,5%
              Quarterly Report on Task Implementation.

  12.    Tugas Khusus lainnya:
         Other Special Tasks:
                                                                                                5%                    100                 5%
         a. Kunjungan lapangan.
             Field visits.

         b.   Memastikan RKAP Tahun sesuai dengan Aspirasi Pemegang Saham.
                                                                                               7,5%                   100                7,5%
              Ensure that the RKAP is in line with the shareholders’ aspirations.

         c.   Surat Disposisi.
                                                                                                5%                    100                 5%
              Disposition Letters.

         d.   Mengikuti Rapat Koordinasi Dewan Komisaris-Direksi.
              Attend Coordination Meetings between the Board of Commissioners and               5%                    100                 5%
              the Board of Directors.

 Pencapaian KPI
                                                                                                                                        100%
 KPI Achievement


Komite Nominasi dan Remunerasi tahun 2025 telah                             The 2025 Nomination and Remuneration Committee
melaksanakan peran dan tanggung jawabnya secara                             has optimally carried out its roles and responsibilities in
optimal dalam mendukung Dewan Komisaris, khususnya                          supporting the Board of Commissioners, particularly in its
dalam fungsi pengawasan dan pemberian nasihat serta                         supervisory function and in providing strategic advice and
rekomendasi strategis kepada Manajemen Jasa Marga.                          recommendations to Jasa Marga Management. In carrying
Dalam melaksanakan tugas tersebut, Komite Nominasi dan                      out these duties, the Nomination and Remuneration
Remunerasi senantiasa berpedoman pada prinsip tata kelola                   Committee has consistently adhered to the principles
perusahaan yang baik (Good Corporate Governance/GCG)                        of good corporate governance (GCG) by conducting a
dengan melakukan serangkaian kegiatan sebagaimana telah                     series of activities as described above, which include
diuraikan sebelumnya, yang mencakup evaluasi kebijakan                      evaluating nomination and remuneration policies, reviewing
nominasi dan remunerasi, penelaahan terhadap struktur                       organizational structures and talent management systems,


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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




organisasi, sistem manajemen talenta, dan pemberian                   and providing relevant recommendations to support the
rekomendasi yang relevan guna mendukung peningkatan                   Company's sustainable performance improvement.
kinerja Perusahaan secara berkelanjutan.

Rencana Kerja Komite Nominasi dan Remunerasi                          Nomination and Remuneration Committee Work
Tahun 2026                                                            Plan for 2026

Pada tahun 2025, Komite Nominasi dan Remunerasi telah                 In 2025, the Nomination and Remuneration Committee
menyusun dan menetapkan rencana kerja tahun 2026 yang                 prepared and established a work plan for 2026, which will
akan dibahas melalui sejumlah rapat. Adapun rencana kerja             be discussed at several meetings. The Nomination and
Komite Nominasi dan Remunerasi untuk program kerja tahun              Remuneration Committee's work plan for 2026 includes the
2026, antara lain sebagai berikut:                                    following:
1. Tinjauan berkala atas Sistem Manajemen Talenta serta               1. Periodic review of the Talent Management System and
   pengawasan dan evaluasi atas pelaksanaannya.                            supervision and evaluation of its implementation.
2. Evaluasi berkala terhadap sistem dan prosedur                      2. Periodic evaluation of the Talent Classification system
   Pengklasifikasian Talenta yang dilakukan oleh Direksi.                  and procedures carried out by the Board of Directors.
3. Validasi dan kalibrasi atas Talenta untuk menghasilkan             3. Validation and calibration of Talent to produce a list
   daftar Talenta Ternominasi (nominated talent) yang                      of Nominated Talent to be nominated by the Board of
   dinominasikan oleh Dewan Komisaris kepada RUPS.                         Commissioners to the GMS.
4. Evaluasi terhadap Calon Wakil BUMN yang akan                       4. Evaluation of SOE Deputy Candidates to be proposed
   diusulkan sebagai anggota Direksi atau anggota Dewan                    as members of the Board of Directors or Board of
   Komisaris Anak Perusahaan, sebelum diajukan kepada                      Commissioners of Subsidiaries, before being submitted
   RUPS.                                                                   to the GMS.
5. Evaluasi atas usulan KPI individu anggota Direksi.                 5. Evaluation of individual KPI proposals for members of
                                                                           the Board of Directors.
6. Usulan sistem evaluasi kinerja individu bagi anggota               6. Proposing an individual performance evaluation system
   Direksi yang dinilai oleh Dewan Komisaris.                              for members of the Board of Directors to be assessed by
                                                                           the Board of Commissioners.
7.   Usulan program pengembangan bagi anggota Direksi                 7. Proposing a development program for members of the
     dan/atau anggota Dewan Komisaris.                                     Board of Directors and/or members of the Board of
                                                                           Commissioners.
8. Evaluasi atas kebijakan remunerasi bagi karyawan yang              8. Evaluating remuneration policies for employees
   membutuhkan persetujuan/tanggapan dari Dewan                            that require approval/response from the Board of
   Komisaris.                                                              Commissioners.
9. Evaluasi struktur organisasi Perusahaan.                           9. Evaluating the Company's organizational structure.

Kebijakan Suksesi Direksi dan Manajemen Kunci                         Board of Directors and Key Management
                                                                      Succession Policy

Demi mewujudkan proses dan mekanisme pemilihan dan                    To realize a transparent, accountable, and responsible
penggantian anggota Direksi yang transparan, akuntabel                process and mechanism for the selection and replacement
dan dapat dipertanggungjawabkan, Perseroan telah                      of Board members, the Company has complied with the
mengikuti persyaratan dan tata cara yang diatur melalui               requirements and procedures stipulated in the Minister
Peraturan Menteri Badan Usaha Milik Negara No. PER-3/                 of State-Owned Enterprises Regulation No. PER-3/
MBU/03/2023, tanggal 24 Maret 2023, tentang Organ                     MBU/03/2023, dated March 24, 2023, on the Organization
dan Sumber Daya Manusia Badan Usaha Milik Negara.                     and Human Resources of State-Owned Enterprises. The
Peraturan tersebut menyatakan, sumber bakal calon Direksi             regulation states that prospective Board of Directors
berasal dari Talenta Kementerian BUMN (saat ini menjadi               candidates shall be sourced from the Ministry of SOE Talent
BP BUMN), Talenta BUMN dan Talenta Eksternal. Bakal                   Pool, the SOE Talent Pool, and the External Talent Pool.
calon yang akan ditetapkan menjadi calon anggota Direksi              Prospective candidates for the Board of Directors must not
selain memenuhi persyaratan materiil, juga harus memenuhi             only meet the material requirements, but also the formal
persyaratan formal dan persyaratan lain yang ditetapkan               requirements and other requirements stipulated in No. PER-
dalam No. PER-3/MBU/03/2023 serta Peraturan Otoritas                  3/MBU/03/2023 and Financial Services Authority Regulation
Jasa Keuangan No. 33/POJK.04/2014 tentang Direksi dan                 No. 33/POJK.04/2014 on the Board of Directors and Board
Dewan Komisaris Emiten atau Perusahaan Publik dan telah               of Commissioners of Issuers or Public Companies, and have
lulus Uji Kelayakan dan Kepatutan. Penjaringan Talenta BP             passed the Fit and Proper Test. The selection of Ministry of
BUMN dilakukan oleh Pejabat Pimpinan Tinggi Pratama                   SOE Talent Pool is carried out by Senior Executive Officials
yang membidangi kepegawaian terhadap Talenta BP BUMN                  in charge of personnel who meet the criteria per the Ministry
yang memenuhi kriteria sesuai dengan sistem manajemen                 of SOE Talent Pool management system, to be submitted
talenta BP BUMN, untuk disampaikan kepada Komite                      to the Ministry of SOE Talent Pool Committee. On the other
Talenta BP BUMN. Sedangkan untuk penjaringan Talenta                  hand, the selection of SOE Talent Pool is carried out by the
BUMN, dilakukan oleh Direksi dengan dibantu oleh Komite               Board of Directors with the assistance of the Ministry of
Talenta BUMN. Di samping penjaringan talenta melalui BP               SOE Talent Pool Committee. In addition to talent selection
BUMN dan BUMN, penjaringan talenta juga dapat berasal                 through the Ministry of SOEs and SOEs, talent selection can



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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




dari eksternal. Penjaringan Talenta Eksternal dilakukan             also come from external sources. External Talent Selection
oleh Kepala BP BUMN, Wakil Kepala BP BUMN, dan Deputi               is carried out by the Minister, Deputy Minister, and Deputy
di antaranya dapat melalui referensi dari pihak ketiga dan          Ministers, including through references from third parties
jika diperlukan oleh pencari bakat (headhunter). Talenta            and, if necessary, by headhunters. External Talents may also
Eksternal juga dapat mengajukan lamaran kepada Kepala               submit applications to the Minister, following the mechanism
BP BUMN, dengan mengikuti mekanisme yang ditetapkan                 established by the Minister. Regarding SOE Talent Pool, the
oleh Kepala BP BUMN. Berkaitan dengan Talenta BUMN,                 Company also prepares its leadership cadres through the
Perseroan juga mempersiapkan kader-kader pimpinan                   Talent Management System mechanism. By identifying
Perseroan melalui mekanisme Talent Management System.               key positions for executive leaders and subsidiary Board
Dengan mengidentifikasi posisi kunci untuk executive                of Directors, the Company develops the competencies
leader dan jabatan Direktur Anak Perusahaan, Perseroan              of prospective leaders through the Corporate Leadership
mengembangkan kompetensi calon pimpinan melalui                     program.
program Corporate Leadership.

Melalui proses seleksi yang dilaksanakan Direksi Bersama            Through a selection process conducted by the Board of
dengan Dewan Komisaris, Perseroan memilih calon                     Directors together with the Board of Commissioners, the
pemimpin yang dinilai mempunyai personal quality yang               Company selects candidates deemed to have good personal
baik, pengalaman dan keahlian yang memadai untuk                    qualities, sufficient experience and expertise to hold
menduduki jabatan pimpinan setingkat di bawah Direksi dan           leadership positions one level below the Board of Directors
Direktur Anak Perusahaan yang diharapkan dapat menjadi              and Directors of Subsidiaries, expected to become members
anggota Direksi Perseroan di masa yang akan datang                  of the Board of Directors in the future, sourced from among
yang bersumber dari kalangan pejabat internal Perseroan.            the Company’s internal officials. The implementation of the
Implementasi kebijakan suksesi Direksi dan Manajemen                Board of Directors and Key Management succession policy
Kunci telah mempertimbangkan rekomendasi dari Komite                has considered the recommendations of the Nomination and
Nominasi dan Remunerasi sebagai bagian dari penerapan               Remuneration Committee as part of the application of good
tata kelola pengelolaan talenta yang baik. Pertimbangan             talent management governance. These considerations align
tersebut sejalan dengan tugas pokok dan fungsi Komite               with the main duties and functions of the Nomination and
Nominasi dan Remunerasi sebagaimana diatur dalam                    Remuneration Committee as stipulated in the Nomination
Piagam Komite Nominasi dan Remunerasi.                              and Remuneration Committee Charter.


Komite Pemantau Risiko dan Hukum                                    Risk Monitoring and Legal Committee
Komite Pemantau Risiko dan Hukum merupakan komite yang              The Risk Monitoring and Legal Committee is a committee
dibentuk untuk membantu Dewan Komisaris melaksanakan                to assist the Board of Commissioners in carrying out its
fungsi pengawasan dan memastikan pelaksanaan                        supervisory functions and ensuring the implementation of
manajemen risiko dan hukum serta tata kelola perusahaan             risk and legal management as well as corporate governance
secara objektif, efektif, dan efisien.                              objectively, effectively, and efficiently.

Komite Pemantau Risiko dan Hukum merupakan                          The Risk Monitoring and Legal Committee is an evolution
pengembangan dari Komite Nominasi, Remunerasi dan                   of the Nomination, Remuneration, and Risk Committee
Risiko yang dibentuk pada Juli 2020. Melalui komite ini             formed in July 2020. Through this committee, it is hoped
diharapkan Dewan Komisaris bekerja secara profesional,              that the Board of Commissioners will work professionally,
independen, dan kompeten agar Visi dan Misi Perseroan               independently, and competently to achieve the Company’s
dapat tercapai.                                                     Vision and Mission.

Dasar Pembentukan Komite Pemantau Risiko dan                        Risk Monitoring and Legal Committee
Hukum                                                               Establishment Basis

Komite Pemantau Risiko dan Hukum dibentuk berdasarkan               The Risk Monitoring and Legal Committee was formed based
peraturan perundangan. Adapun dasar hukum pembentukan               on laws and regulations. The legal basis for the formation of
Komite Pemantau Risiko dan Hukum, sebagai berikut:                  the Risk Monitoring and Legal Committee is as follows:
1. Undang-Undang Republik Indonesia No. 19 tahun                    1. Law of the Republic of Indonesia No. 19 of 2003, dated
   2003, tanggal 19 Juni 2003, tentang Badan Usaha Milik                June 19, 2003, on State-Owned Enterprises (State
   Negara (Lembaran Negara Republik Indonesia tahun                     Gazette of the Republic of Indonesia of 2003 No. 70;
   2003 No. 70; Tambahan Lembaran Negara Republik                       Supplement to the State Gazette of the Republic of
   Indonesia No. 4297) yang terakhir telah diubah dengan                Indonesia No. 4297), which was last amended by Law
   Undang-Undang No. 1 Tahun 2025 tentang Perubahan                     No. 1 of 2025 on the Third Amendment to Law No. 19 of
   Ketiga atas Undang-Undang No. 19 Tahun 2023 tentang                  2023 on State-Owned Enterprises (State Gazette of the
   Badan Usaha Milik Negara (Lembaran Negara Republik                   Republic of Indonesia of 2025 No. 25, Supplement to the
   Indonesia Tahun 2025 No. 25, Tambahan Lembaran                       State Gazette No. 7097);
   Negara No. 7097);
2. Undang-Undang Republik Indonesia No. 40 tahun                    2. Law of the Republic of Indonesia No. 40 of 2007 on
   2007 tentang Perseroan Terbatas yang terakhir telah                 Limited Liability Companies, which was last amended by
   diubah dengan Peraturan Pemerintah Pengganti                        Government Regulation in Lieu of Law No. 2 of 2022 on



638                                                                     Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 639
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




     Undang-Undang No. 2 Tahun 2022 tentang Cipta                          Job Creation (State Gazette of the Republic of Indonesia
     Kerja (Lembaran Negara Republik Indonesia Tahun                       of 2022 No. 238, Supplement to the State Gazette of the
     2022 No. 238, Tambahan Lembaran Negara Republik                       Republic of Indonesia No. 6841) and enacted into law
     Indonesia No. 6841) dan ditetapkan menjadi Undang-                    per Law No. 6 of 2023 on the Stipulation of Government
     Undang sesuai Undang-Undang No. 6 Tahun 2023                          Regulation in Lieu of Law No. 2 of 2022 on Job Creation
     tentang Penetapan Peraturan Pemerintah Pengganti                      into Law (State Gazette of the Republic of Indonesia of
     Undang-Undang No. 2 Tahun 2022 tentang Cipta Kerja                    2023 No. 2023, Supplement to State Gazette No. 6856);
     menjadi Undang-Undang (Lembaran Negara Republik
     Indonesia Tahun 2023 No. 2023, Tambahan Lembaran
     Negara No. 6856);
3.   Peraturan Otoritas Jasa Keuangan No. 34/POJK.04/2014             3. Financial Services Authority Regulation No. 34/
     tentang Komite Risiko dan Hukum Emiten atau                         POJK.04/2014 on the Risk and Legal Committee of
     Perusahaan Publik dan No. 33/POJK.04/2014;                          Issuers or Public Companies and No. 33/POJK.04/2014;
4.   Peraturan Menteri Badan Usaha Milik Negara No. PER-              4. Minister of State-Owned Enterprises Regulation
     2/MBU/03/2023, tanggal 24 Maret 2023, tentang                       No. PER-2/MBU/03/2023, dated March 24, 2023, on
     Pedoman Tata Kelola dan Kegiatan Korporasi Signifikan               Guidelines for Corporate Governance and Significant
     Badan Usaha Milik Negara, di antaranya menyangkut                   Corporate Activities of State-Owned Enterprises,
     pembentukan organ Pendukung Dewan Komisaris/                        including the formation of a Supporting Body for the
     Dewan Pengawas untuk pembentukan Komite Pemantau                    Board of Commissioners/Supervisory Board for the
     Risiko;                                                             formation of a Risk Monitoring Committee;
5.   Surat Edaran Otoritas Jasa Keuangan No. 32/                      5. Financial Services Authority Circular Letter No. 32/
     SEOJK.04/2015      tentang    Pedoman    Tata   Kelola              SEOJK.04/2015 on Guidelines for Corporate Governance
     Perusahaan Terbuka;                                                 of Public Companies.
6.   Anggaran Dasar Perusahaan Perseroan (Persero)                    6. Articles of Association of the State-Owned Enterprise
     PT Jasa Marga (Persero) Tbk Akta Notaris Ir. Nanette                (Persero) PT Jasa Marga (Persero) Tbk, Notarial Deed
     Cahyanie Handari Adi Warsito, SH akta No. 04                        of Ir. Nanette Cahyanie Handari Adi Warsito, SH, Deed
     tanggal 09 Januari 2026, berikut Surat Penerimaan                   No. 04 dated January 9, 2026, along with the Notice of
     Pemberitahuan dari Direktorat Jenderal Administrasi                 Receipt from the Directorate General of General Legal
     Hukum Umum Kementerian Hukum Republik Indonesia                     Administration of the Ministry of Law of the Republic of
     No. AHUAH.01.03-0013716 tanggal 19 Januari 2026                     Indonesia No. AHUAH.01.03-0013716 dated January 19,
     dan telah didaftar dalam Daftar Perseroan No. AHU-                  2026, and registered in the Company Register No. AHU-
     0007721.AH.01.11.Tahun 2026 tanggal 19 Januari 2026;                0007721.AH.01.11.Year 2026 dated January 19, 2026;
7.   Keputusan Dewan Komisaris Perusahaan PT Jasa Marga               7. Board of Commissioners Decree of PT Jasa Marga
     (Persero) Tbk, No. KEP-078/VII/2020 Jo. No. KEP-046/                (Persero) Tbk No. KEP-078/VII/2020 Jo. No. KEP-046/
     II/2014 Jo. No. KEP-063/IV/2015 Jo. No. KEP-155/                    II/2014 Jo. No. KEP-063/IV/2015 Jo. No. KEP-155/
     XI/2015 tentang Komite Dewan Komisaris PT Jasa Marga                XI/2015 on the Board of Commissioners Committee of
     (Persero) Tbk Tanggal 13 Juli 2020.                                 PT Jasa Marga (Persero) Tbk dated July 13, 2020.

Pedoman Kerja/Piagam Komite Pemantau Risiko                           Risk Monitoring and Legal Committee Work
dan Hukum                                                             Guideline/Charter

Komite Pemantau Risiko dan Hukum Jasa Marga memiliki                  Risk Monitoring and Legal Committee of Jasa Marga (Persero)
Piagam Komite Pemantau Risiko dan Hukum yang telah                    Tbk has a Risk Monitoring and Legal Committee Charter,
disahkan melalui Keputusan Dewan Komisaris No. KEP-                   which has been ratified through the Board of Commissioners
119/XI/2020 tanggal 23 November 2020 sebagai acuan                    Decree No. KEP-119/XI/2020, dated November 23, 2020, as
dalam melaksanakan tugas dan tanggung jawabnya.                       a reference in carrying out its duties and responsibilities.
Piagam tersebut memuat ketentuan yang harus dipatuhi                  The Charter contains the provisions that must be adhered to
pembentukan      dan   pelaksanaan     kegiatan    Komite             in the formation and implementation of the activities of the
Pemantau Risiko dan Hukum agar dapat bekerja secara                   Risk Monitoring and Legal Committee so that it can operate
independen, objektif, mandiri, transparan, dan dapat                  independently, objectively, autonomously, transparently,
dipertanggungjawabkan. Isi dari Piagam tersebut antara lain           and accountably. The contents of the Charter include:
mencakup:
1. Landasan Hukum;                                                    1. Legal Basis;
2. Pengangkatan dan Pemberhentian Anggota;                            2. Appointment and Dismissal of Members;
3. Tugas;                                                             3. Duties;
4. Kewenangan;                                                        4. Authority;
5. Persyaratan;                                                       5. Requirements;
6. Tanggung Jawab;                                                    6. Responsibilities;
7. Rapat;                                                             7. Meetings;
8. Laporan;                                                           8. Reports;
9. Akses Kerahasiaan Informasi;                                       9. Access to Confidential Information;
10. Rencana Kerja dan Anggaran;                                       10. Work Plan and Budget;
11. Penghasilan Anggota;                                              11. Member Income;




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                           639
Page 640
01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




12. Pendidikan dan Tenaga Penunjang;                                12. Education and Support Staff;
13. Penilaian Kinerja;                                              13. Performance Evaluation;
14. Lain-lain; dan                                                  14. Miscellaneous; and
15. Penutup.                                                        15. Closing.

Kriteria Komite Pemantau Risiko dan Hukum                           Risk Monitoring and Legal Committee Criteria

Setiap orang yang diangkat menjadi anggota Komite                   Every person appointed as a member of the Risk Monitoring
Pemantau Risiko dan Hukum, wajib memenuhi kriteria yang             and Legal Committee must meet the required criteria. These
dipersyaratkan. Persyaratan tersebut, antara lain:                  requirements include:
1. Memiliki integritas yang baik dan pengetahuan serta              1. Possess good integrity and sufficient knowledge and
    pengalaman kerja yang cukup di bidang pengawasan/                  work experience in the field of supervision/inspection.
    pemeriksaan.
2. Tidak memiliki kepentingan/keterkaitan pribadi yang              2. Have no personal interests/connections that could have
    dapat menimbulkan dampak negatif dan benturan                      a negative impact and cause conflicts of interest within
    kepentingan dalam Perseroan.                                       the Company.
3. Mampu berkomunikasi secara efektif.                              3. Being able to communicate effectively.
4. Dapat menyediakan waktu yang cukup untuk                         4. Being able to devote sufficient time to complete their
    menyelesaikan tugasnya.                                            duties.
5. Salah seorang dari Anggota Komite Pemantau Risiko                5. One of the Risk Monitoring and Legal Committee member
    dan Hukum harus memiliki latar belakang pendidikan                 must have an educational background or expertise in
    atau keahlian di bidang Manajemen Risiko atau bidang               Risk Management or Law.
    Hukum.
6. Salah seorang dari anggota Komite Pemantau Risiko dan            6. One of the Risk Monitoring and Legal Committee member
    Hukum memiliki kemampuan dan pemahaman tentang                     must have the ability and understanding of the scope of
    lingkup bisnis Perseroan.                                          the Company’s business.

Ketentuan Masa Jabatan Komite Pemantau                              Term of Office Term of Office of the Risk
Risiko dan Hukum                                                    Monitoring and Legal Committee

Seluruh anggota Komite Pemantau Risiko dan Hukum                    All members of the Risk Monitoring and Legal Committee
Perseroan memiliki integritas, kompetensi dan reputasi yang         of the Company have integrity, competence, and a good
baik. Pemberhentian anggota Komite Pemantau Risiko dan              reputation. Members of the Risk Monitoring and Legal
Hukum dapat dilakukan apabila yang bersangkutan berakhir            Committee may be dismissed if their term of office has
masa jabatan keanggotaannya dan berdasarkan keputusan               ended. Based on a Board of Commissioners decision, they
Dewan Komisaris, diberhentikan karena tidak memenuhi                may also be dismissed for not meeting the performance
kinerja yang telah ditetapkan dan/atau tidak kompeten               requirements and/or being incompetent in carrying out
dalam menjalankan tugasnya. Masa tugas anggota Komite               their duties. The term of office of members of the Risk
Pemantau Risiko dan Hukum tidak boleh lebih lama dari               Monitoring and Legal Committee may not exceed the term
masa jabatan Dewan Komisaris sebagaimana diatur dalam               of office of the Board of Commissioners as stipulated in the
Anggaran Dasar Perseroan dan dapat diangkat kembali,                Company’s Articles of Association and may be reappointed
sesuai peraturan dan ketentuan perundangan.                         in accordance with applicable laws and regulations.

Apabila anggota Komisaris yang menjadi Ketua Komite                 If a member of the Board of Commissioners who is the
Pemantau Risiko dan Hukum berhenti sebelum masa                     Chairman of the Risk Monitoring and Legal Committee
tugasnya sebagai Komisaris Perseroan, maka Ketua Komite             resigns before the end of their term as a Commissioner of
Pemantau Risiko dan Hukum digantikan oleh Komisaris                 the Company, the Chairman of the Risk Monitoring and Legal
lainnya.                                                            Committee shall be replaced by another Commissioner.

Susunan, Jumlah, Komposisi dan Dasar                                Structure, Number, Composition, and
Pengangkatan Komite Pemantau Risiko dan                             Appointment Basis of Risk Monitoring and Legal
Hukum                                                               Committee

Komite Pemantau Risiko dan Hukum yang paling kurang                 The Risk Monitoring and Legal Committee shall consist
terdiri dari 3 (tiga) orang anggota dimana 1 (satu) orang           of at least 3 (three) members, including 1 (one) Chairman
Ketua merangkap anggota yang berasal dari Anggota                   who is also a member of the Board of Commissioners, an
Dewan Komisaris, Komisaris Independen dan Pihak dari luar           Independent Commissioner, and a party from outside the
Perseroan. Komite Pemantau Risiko dan Hukum dipimpin                Company. The Risk Monitoring and Legal Committee is led
oleh seorang koordinator yang disebut ketua Komite                  by a coordinator who is referred to as the Chairman of the
Pemantau Risiko dan Hukum. Secara struktural, Komite                Risk Monitoring and Legal Committee. Structurally, the Risk




640                                                                     Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 641
06                                 07                                 08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Pemantau Risiko dan Hukum bertanggung jawab kepada                      Monitoring and Legal Committee is responsible to the Board
Dewan Komisaris dan mempunyai hubungan fungsional                       of Commissioners and has a functional relationship with the
dengan Risk and Quality, Health, Safety and Environment                 Risk and Quality, Health, Safety, and Environment (RQHSE)
(RQHSE) Group dan Legal and Compliance (LCO) Group.                     Group and the Legal and Compliance (LCO) Group.

Susunan keanggotaan Komite Pemantau Risiko dan Hukum                    The membership structure of the Risk Monitoring and Legal
Jasa Marga pada tahun 2025 adalah sebagai berikut:                      Committee of Jasa Marga in 2025 is as follows:

Tabel Susunan Keanggotaan Komite Pemantau Risiko dan Hukum
Table of Risk Monitoring and Legal Committee Member Composition


                 Nama                                  Jabatan                                 Dasar Pengangkatan
                 Name                                  Position                                 Appointment Basis
 Syamsul Bachri Yusuf*                      Ketua                     Keputusan Dewan Komisaris Jasa Marga No. KEP-82/VI/2025
                                            Chairman                  Jasa Marga Board of Commissioners Decree No. KEP-82/VI/2025

 Asrorun Ni’am Sholeh*                      Anggota                   Keputusan Dewan Komisaris Jasa Marga No. KEP-82/VI/2025
                                            Member                    Jasa Marga Board of Commissioners Decree No. KEP-82/VI/2025

 Mustolih Siradj**                          Anggota                   Keputusan Dewan Komisaris Jasa Marga No. KEP-117/VII/2025
                                            Member                    Jasa Marga Board of Commissioners Decree No. KEP-117/VII/2025

 Erick**                                    Anggota                   Keputusan Dewan Komisaris Jasa Marga No. KEP-118/VII/2025
                                            Member                    Jasa Marga Board of Commissioners Decree No. KEP-118/VII/2025

 M. Roskanedi***                            Ketua                     Keputusan Dewan Komisaris Jasa Marga No. KEP-027/III/2023
                                            Chairman                  Jasa Marga Board of Commissioners Decree No. KEP-027/III/2023

 Abdul Rachman***                           Anggota                   Keputusan Dewan Komisaris Jasa Marga No. KEP-027/III/2023
                                            Member                    Jasa Marga Board of Commissioners Decree No. KEP-027/III/2023

 Tjahjanto Budisatrio****                   Anggota                   Keputusan Dewan Komisaris No. KEP-042/V/2022
                                            Member                    Jasa Marga Board of Commissioners Decree No. KEP-042/V/2022

 Iqbal Tawakkal*****                        Anggota                   Keputusan Dewan Komisaris No. KEP-083/VI/2023
                                            Member                    Jasa Marga Board of Commissioners Decree No. KEP-083/VI/2023

 Keterangan/Notes:
 *     Menjabat sejak 5 Juni 2025/Appointed since June 5, 2025
 **    Menjabat sejak 1 Juli 2025/Appointed since July 1, 2025
 ***   Menjabat sampai 7 Mei 2025/Serving until May 7, 2025
 **** Menjabat sampai 9 Mei 2025/Serving until May 9, 2025
 ***** Menjabat sampai 30 Juni 2025/Serving until June 30, 2025




Profil Komite Pemantau Risiko dan Hukum                                  Risk Monitoring and Legal Committee Profile

Profil anggota Komite Pemantau Risiko dan Hukum dapat                   The profiles of the Risk Monitoring and Legal Committee
dilihat pada bagian Profil Komite Pemantau Risiko dan Hukum             members are available in the Risk Monitoring and Legal
di Bab Profil Perusahaan dalam buku Laporan Tahunan ini.                Committee Profile section of the Company Profile chapter
                                                                        in this Annual Report.

Independensi Anggota Komite Pemantau Risiko                             Independence of Risk Monitoring and Legal
dan Hukum                                                               Committee Members

Sesuai dengan ketentuan dalam Peraturan Otoritas Jasa                   Per the provisions of Financial Services Authority Regulation
Keuangan No. 34/POJK.04/2014 tentang Komite Nominasi                    No. 34/POJK.04/2014 on the Nomination and Remuneration
dan Remunerasi Emiten atau Perusahaan Publik dan                        Committee of Issuers or Public Companies and State-Owned
Peraturan Menteri Badan Usaha Milik Negara No. PER-3/                   Enterprise Minister Regulation No. PER-3/MBU/03/2023,
MBU/03/2023, tanggal 24 Maret 2023, tentang Organ dan                   dated March 24, 2023, on the Organization and Human
Sumber Daya Manusia Badan Usaha Milik Negara, seluruh                   Resources of State-Owned Enterprises, all members of
anggota Komite Pemantau Risiko dan Hukum telah memenuhi                 the Risk Monitoring and Legal Committee have met the
persyaratan jumlah, komposisi, kriteria, kompetensi, dan                requirements for number, composition, criteria, competence,
independensi.                                                           and independence.




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                    641
Page 642
01                               02                           03                      04                                         05
Ikhtisar Kinerja Utama           Laporan Manajemen            Profil Perusahaan        Analisa dan Pembahasan Manajemen           Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report            Company Profile          Management Discussion and Analysis         Business Support Functions




Tabel Independensi Anggota Komite Pemantau Risiko dan Hukum
Table of Independence of Risk Monitoring and Legal Committee Members


      Aspek Independensi     Syamsul       Asrorun
                                                        Mustolih                      M.              Abdul            Tjahjanto            Iqbal
     Independence Aspect      Bachri        Ni’am                    Erick**
                                                        Siradj**                 Roskanedi***      Rachman***        Budisatrio****     Tawakkal*****
                              Yusuf*       Sholeh*

 Tidak memiliki hubungan
 keuangan dengan Dewan
 Komisaris.
 Has no financial
 relationship with the
 Board of Commissioners.

 Tidak memiliki hubungan
 kepengurusan di
 perusahaan, anak
 perusahaan, maupun
 perusahaan afiliasi.
 Has no management
 relationship in the
 company, subsidiaries, or
 affiliated companies.

 Tidak memiliki hubungan
 kepemilikan saham di
 perusahaan.
 Has no share ownership
 relationship in the
 company.

 Tidak memiliki hubungan
 kekeluargaan dengan
 Dewan Komisaris,
 Direksi, dan/atau sesama
 anggota Komite Audit.
 Has no familial
 relationship with the
 Board of Commissioners,
 Board of Directors, and/
 or fellow members of the
 Audit Committee.

 Tidak menjabat sebagai
 pengurus partai politik,
 pejabat, dan pemerintah.
 Does not serve as a
 political party official,
 government official, or
 public official.

 Keterangan/Notes:
 *     Menjabat sejak 5 Juni 2025/Appointed since June 5, 2025
 **    Menjabat sejak 1 Juli 2025/Appointed since July 1, 2025
 *** Menjabat sampai 7 Mei 2025/Serving until May 7, 2025
 **** Menjabat sampai 9 Mei 2025/Serving until May 9, 2025
 ***** Menjabat sampai 30 Juni 2025/Serving until June 30, 2025



Sebagai bentuk komitmen dan tanggung jawab Komite                                As a form of commitment and responsibility of the Risk
Pemantau Risiko dan Hukum atas terlaksananya prinsip-prinsip                     Monitoring and Legal Committee for the implementation
Tata Kelola Perusahaan, serta sebagai upaya merealisasikan                       of Corporate Governance principles, as well as to realize
ketentuan tentang independensi yang ada dalam Piagam                             the provisions on independence contained in the Risk
Komite Pemantau Risiko dan Hukum, maka Ketua dan                                 Monitoring and Legal Committee Charter, the Chairman and
seluruh Anggota Komite Pemantau Risiko dan Hukum telah                           all Members of the Risk Monitoring and Legal Committee
menandatangani Surat Pernyataan Independensi.                                    have signed a Statement of Independence.

Beberapa pernyataan penting dalam Surat Pernyataan                               Some important statements in the Declaration of
Independensi Komite Pemantau Risiko dan Hukum antara                             Independence of the Risk Monitoring and Legal Committee
lain bahwa Komite Pemantau Risiko dan Hukum Jasa Marga:                          include that the Risk Monitoring and Legal Committee of
                                                                                 Jasa Marga:
1. Tidak memiliki kepentingan/keterkaitan pribadi yang                           1. Has no personal interests or connections that could
   dapat menimbulkan dampak negatif dan konflik                                      have a negative impact or create conflicts of interest for
   kepentingan terhadap Perseroan.                                                   the Company.
2. Tidak memiliki saham dan/atau instrumen keuangan                              2. Does not hold any shares and/or financial instruments
   Perseroan di pasar keuangan, baik langsung maupun                                 of the Company in the financial market, either directly
   tidak langsung.                                                                   or indirectly.



642                                                                                   Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




3. Tetap menjaga kerahasiaan dokumen, data, dan                       3. Maintains the confidentiality of the Company’s
   informasi Perseroan, baik dari pihak internal maupun                  documents, data, and information, both from internal and
   pihak eksternal, dan hanya digunakan untuk kepentingan                external parties, and only uses them for the purposes of
   pelaksanaan tugas Komite Pemantau Risiko dan Hukum.                   carrying out the duties of the Risk Monitoring and Legal
                                                                         Committee.

Tugas dan Tanggung Jawab Komite Pemantau                              Risk Monitoring and Legal Committee Duties and
Risiko dan Hukum                                                      Responsibilities

Tugas Komite Pemantau Risiko dan Hukum                                Duties of the Risk Monitoring and Legal Committee

Komite Pemantau Risiko dan Hukum memiliki tugas yang                  The Risk Monitoring and Legal Committee has duties
tercantum dalam Piagam Komite Pemantau Risiko dan                     as stated in the Risk Monitoring and Legal Committee
Hukum. Adapun tugas yang tercantum dalam piagam Komite                Charter. The duties stated in the Risk Monitoring and Legal
Pemantau Risiko dan Hukum, sebagai berikut:                           Committee Charter are as follows:
1. Secara kolektif dalam melaksanakan tugasnya                        1. Collectively, in performing their duties, they assist the
    membantu Dewan Komisaris.                                            Board of Commissioners.
2. Bersifat mandiri baik dalam pelaksanaan tugasnya                   2. Independent in the execution of its duties and in reporting,
    maupun dalam laporan dan bertanggung jawab kepada                    and accountable to the Board of Commissioners.
    Dewan Komisaris.
3. Menyusun manual kerja, program kerja komite tahunan                3. Prepares work manuals, annual committee work
    dan melakukan self-assessment serta melaporkannya                    programs, and conducts self-assessments, reporting
    ke Dewan Komisaris.                                                  them to the Board of Commissioners.
4. Membuat laporan periodik triwulanan dan tahunan dan                4. Prepare quarterly and annual reports and submit them
    disampaikan kepada Komisaris Utama. Laporan tersebut                 to the President Commissioner. These reports may be
    bisa menjadi bagian dari Laporan Tahunan Dewan                       included in the Board of Commissioners’ Annual Report
    Komisaris dan/atau Laporan Tahunan Perseroan.                        and/or the Company’s Annual Report.
5. Menyelenggarakan rapat-rapat Komite berdasarkan                    5. Holds Committee meetings based on invitations signed
    undangan yang ditandatangani oleh Ketua Komite                       by the Committee Chairman or by a Committee Member
    atau oleh Anggota Komite yang diberi kuasa oleh                      authorized by the Chairman, prepares minutes of
    Ketua, membuat risalah rapat Komite, lengkap dengan                  Committee meetings, complete with attendance lists,
    daftar hadir, hasil telaahan/evaluasi/kajian sesuai                  reviews/evaluates/assesses results in accordance with
    agenda rapat, serta dinamika dan keputusan rapat dan                 the meeting agenda, as well as meeting dynamics and
    mendokumentasikan dengan baik.                                       decisions, and documents them properly.
6. Melakukan penelaahan dan kajian atas rencana kebijakan             6. Reviewing and assessing the investment policy
    dan strategi investasi dalam bisnis jalan tol dan non tol            and strategy plans in the toll road and non-toll road
    yang diajukan Direksi sebagai bahan masukan Dewan                    businesses submitted by the Board of Directors as input
    Komisaris.                                                           for the Board of Commissioners.
7. Melakukan Penelaahan terhadap realisasi rencana                    7. Review the realization of the Company’s investment
    investasi Perseroan yang tercantum di RJPP dan RKAP                  plans as stated in the RJPP and RKAP of the Company.
    Perseroan.
8. Tugas terkait dengan Pemantau Manajemen Risiko:                    8. Tasks related to Risk Management Monitoring:
    a. Melakukan       penelaahan     terhadap       aktivitas           a. Reviewing the implementation of risk management
        pelaksanaan manajemen risiko yang dilakukan oleh                    activities carried out by the Board of Directors;
        Direksi;
    b. Melakukan penelaahan terhadap berbagai model                        b. Reviewing the various risk measurement models
        pengukuran risiko yang digunakan Perseroan dan                        used by the Company and the implementation of risk
        pelaksanaan manajemen risiko;                                         management;
    c. Memantau dan menelaah kesesuaian berbagai                           c. Monitoring and reviewing the suitability of various
        kebijakan dan pelaksanaan manajemen risiko                            policies and the implementation of the Company’s
        Perseroan, serta berbagai potensi risiko yang                         risk management, as well as various potential risks
        dihadapi Perseroan;                                                   faced by the Company;
    d. Menyiapkan bahan, informasi, materi analisis dan                    d. Preparing materials, information, analysis, and
        kajian terkait dengan pelaksanaan investasi dan                       studies related to investment implementation and
        manajemen risiko;                                                     risk management;
    e. Memberikan rekomendasi mengenai penyempurnaan                       e. Providing recommendations on improving the Risk
        sistem Manajemen Risiko serta pelaksanaannya;                         Management system and its implementation;
    f. Menyarankan indikator risiko yang harus disampaikan                 f. Suggesting risk indicators that must be conveyed
        oleh manajemen atas perkembangan lingkungan                           by management regarding developments in the
        eksternal dan internal organisasi Perseroan yang                      Company’s external and internal environment that
        mempengaruhi proses bisnis Perseroan;                                 affect the Company’s business processes;
    g. Memberikan rekomendasi mengenai penyempurnaan                       g. Providing recommendations on improving the Risk
        sistem Manajemen Risiko serta pelaksanaannya.                         Management system and its implementation.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                             643
Page 644
01                            02                   03                      04                                       05
Ikhtisar Kinerja Utama        Laporan Manajemen    Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights    Management Report    Company Profile          Management Discussion and Analysis       Business Support Functions




9. Tugas terkait dengan Pengawasan Pelaksanaan Hukum                  9. Duties related to the Supervision of Legal Compliance
    dan Tata Kelola Perusahaan:                                          and Corporate Governance:
    a. Melakukan kajian dan penelaahan secara hukum                      a. Conducting legal reviews and assessments of
        atas Keputusan/Kebijakan Direksi yang memerlukan                    Board of Directors’ Decisions/Policies that require
        persetujuan Dewan Komisaris dan/atau Pemegang                       the approval of the Board of Commissioners and/or
        Saham Seri A Dwiwarna dan/atau RUPS sebagaimana                     Series A Dwiwarna Shareholders and/or the GMS as
        yang diatur dalam Anggaran Dasar Perseroan;                         stipulated in the Company’s Articles of Association;
    b. Melakukan       pengawasan      (monitoring)   atas               b. Monitoring the implementation of Board of Directors’
        pelaksanaan Keputusan/Kebijakan Direksi yang                        Decrees/Policies that require the approval of the
        membutuhkan persetujuan Dewan Komisaris dan/                        Board of Commissioners and/or Series A Dwiwarna
        atau Pemegang Saham Seri A Dwiwarna dan/atau                        Shareholders and/or the GMS as stipulated in the
        RUPS sebagaimana yang diatur dalam Anggaran                         Company’s Articles of Association;
        Dasar Perseroan;
    c. Melakukan kajian atau penelaahan atas berbagai                     c. Conducting studies or reviews of various legal issues
        permasalahan hukum yang dilaporkan oleh Direksi                      reported by the Board of Directors to the Board
        kepada Dewan Komisaris, dan melakukan Analisa                        of Commissioners, and conducting legal analyses
        hukum atas dampak penyelesaian masalah hukum                         of the impact of resolving these legal issues, as
        tersebut, sebagai bahan Dewan Komisaris dalam                        material for the Board of Commissioners in providing
        memberikan pandangan, saran dan rekomendasi                          views, advice, and recommendations to the Board
        kepada Direksi;                                                      of Directors;
    d. Bersama       dengan    Komite    Audit   melakukan                d. Together with the Audit Committee, monitor, review,
        pemantauan, penelaahan dan tindak lanjut yang                        and follow up on the actions taken by the Board of
        telah dilakukan oleh Direksi atas hasil audit                        Directors on the results of external audits that are
        auditor eksternal yang prosesnya masih dalam                         still being handled by government agencies/legal
        penanganannya Instansi/Badan Hukum Pemerintah                        entities, including but not limited to the Supreme
        baik namun tidak terbatas seperti Mahkamah Agung,                    Court, the Attorney General’s Office, the Police, the
        Kejaksaan Agung, Kepolisian, Pengadilan Negeri                       District Court and/or the High Court, or non-judicial
        dan/atau Pengadilan Tinggi, atau non peradilan                       entities such as BANI;
        seperti BANI;
    e. Melakukan kajian atau penelahaan atas produk                       e. Conducting        studies     or   reviews      of    the
        hukum internal Perseroan dan memberikan                               Company’s internal legal products and providing
        rekomendasi terkait penyempurnaan produk hukum                        recommendations related to the improvement of
        internal tersebut;                                                    these internal legal products;
    f. Melakukan monitoring pelaksanaan atas produk                       f. Monitoring the implementation of the Company’s
        hukum internal Perseroan.                                             internal legal products.
10. Melakukan identifikasi hal-hal yang memerlukan                    10. Identifying matters that require the attention of the
    perhatian Dewan Komisaris serta tugas-tugas lain yang                 Board of Commissioners and other tasks assigned by
    diberikan Dewan Komisaris.                                            the Board of Commissioners.
11. Tugas Khusus dari Dewan Komisaris:                                11. Special Duties from the Board of Commissioners:
    a. Pemberian tugas khusus kepada Komite Pemantau                      a. The assignment of special tasks to the Risk
        Risiko dan Hukum oleh Dewan Komisaris dilakukan                       Monitoring and Legal Committee by the Board of
        dengan perintah tertulis yang memuat:                                 Commissioners shall be carried out by means of a
                                                                              written order containing:
        i. Nama yang diberi tugas;                                            i. The name assigned to the task;
        ii. Sifat penugasan;                                                  ii. The nature of the assignment;
        iii. Lingkup pekerjaan;                                               iii. The scope of work;
        iv. Tujuan dan sasaran pekerjaan;                                     iv. The work objectives and goals;
        v. Jangka waktu penugasan.                                            v. The assignment duration.
     b. Lingkup pekerjaan tugas khusus sepenuhnya                         b. The scope of special assignments is entirely
        ditentukan oleh Dewan Komisaris sepanjang tidak                       determined by the Board of Commissioners as long
        bertentangan dengan peraturan perundangan yang                        as it does not conflict with applicable laws and
        berlaku;                                                              regulations;
     c. Dalam melaksanakan tugas khusus Komite dapat:                     c. In carrying out special assignments, the Committee
                                                                              may:
          i.    Melakukan review terhadap semua catatan,                      i. Review all records, documents, and other
                dokumen dan informasi lainnya yang diperlukan                      necessary information, including the minutes
                termasuk notulen rapat Dewan Direksi dan rapat                     of the Board of Directors and Board of
                Dewan Komisaris; jika dianggap perlu,                              Commissioners meetings; if deemed necessary,
          ii.   Melakukan analisis dan evaluasi, bekerja sama                 ii. Conduct analysis and evaluation, in collaboration
                dengan struktural Manajemen yang memiliki                          with the Management structure responsible for
                Risiko dan Hukum atas Tata Kelola Perusahaan,                      Risk and Legal Affairs for Corporate Governance,
                dan/atau struktural unit kerja terkait atau                        and/or the relevant work unit structure, or request
                meminta bantuan tenaga ahli atau konsultan                         the assistance of experts or consultants to assist
                untuk membantu Komite Pemantau Risiko dan                          the Risk Monitoring and Legal Committee at the
                Hukum dengan beban Perseroan.                                      Company’s expense.


644                                                                        Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 645
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




     d. Menyampaikan laporan pelaksanaan tugas khusus                      d. Submitting reports on the implementation of special
        kepada Dewan Komisaris.                                               tasks to the Board of Commissioners.

Tanggung Jawab Komite Pemantau Risiko dan                             Responsibilities of the Risk Monitoring and Legal
Hukum Komite Pemantau Risiko dan Hukum                                Committee

1. Komite Pemantau Risiko dan Hukum bertanggung jawab                 1. The Risk Monitoring and Legal Committee is responsible
   kepada Dewan Komisaris;                                               to the Board of Commissioners;
2. Pertanggungjawaban     kepada    Dewan     Komisaris               2. Accountability to the Board of Commissioners is
   disampaikan dalam laporan sebagai berikut:                            conveyed in the following reports:
   a. Laporan tahunan pelaksanaan tugas;                                 a. Annual report on the implementation of duties;
   b. Laporan Semester pelaksanaan tugas;                                b. Semi-annual report on the implementation of duties;
   c. Laporan untuk setiap pelaksanaan tugas khusus                      c. Reports on each implementation of the Committee's
       Komite.                                                               specific duties.
3. Komite Pemantau Risiko dan Hukum bertanggung jawab                 3. The Risk Monitoring and Legal Committee is responsible
   menjaga kerahasiaan dokumen, data dan informasi                       for maintaining the confidentiality of the Company's
   Perseroan.                                                            documents, data, and information.

Kewenangan Komite Pemantau Risiko dan                                 Authorities of the Risk Monitoring and Legal
Hukum                                                                 Committee

Komite Pemantau Risiko dan Hukum dalam melaksanakan                   The Risk Monitoring and Legal Committee is granted
tugasnya, diberikan kewenangan dalam beberapa hal.                    authority in several matters in carrying out its duties. Such
Adapun kewenangan tersebut yaitu:                                     authority includes:
1. Mengakses catatan atau informasi tentang aset dan                  1. Accessing records or information about assets and
   sumber daya lainnya dan memasuki pekarangan,                          other resources and entering the grounds, buildings,
   gedung, serta kantor yang dipergunakan oleh Perseroan;                and offices used by the Company;
2. Berhak mendapat dan meminta setiap hasil kajian risiko             2. The right to obtain and request any risk and legal
   dan hukum yang dilakukan baik oleh para risk owner,                   assessment results conducted by risk owners, relevant
   Para Pejabat Struktural terkait, Risk Champion, Satuan                structural officials, risk champions, internal supervisory
   Pengawasan Intern maupun Direksi Perseroan;                           units, and the Company’s Board of Directors;
3. Meminta penjelasan dari Direksi dan/atau pejabat                   3. Requesting explanations from the Board of Directors
   lainnya mengenai segala persoalan yang menyangkut                     and/or other officials regarding all matters relating to the
   pengelolaan Perseroan;                                                management of the Company;
4. Dalam melaksanakan kewenangannya, Komite bekerja                   4. In exercising its authority, the Committee shall cooperate
   sama dengan unit kerja terkait, dalam hal ini para risk               with relevant work units, in this case, the risk owners,
   owner, Pejabat Struktural terkait Kendali Mutu dan                    relevant Structural Officials for Quality Control and Risk
   Manajemen Risiko, Sumber Daya Manusia, Organisasi                     Management, Human Resources, Organization, and the
   serta Internal Audit Group Perseroan;                                 Company’s Internal Audit Group;
5. Melakukan review, memeriksa, melakukan analisa dan                 5. Conducting reviews, examinations, analyses, and
   memberikan pendapat serta rekomendasi dalam batas                     providing opinions and recommendations within the
   ruang lingkup tugasnya;                                               scope of its duties;
6. Mencari dan mendapatkan informasi (akses yang tidak                6. Seeking and obtaining relevant information (unrestricted
   terbatas) yang relevan dari Sistem Informasi Manajemen                access) from the Management Information System
   (SIM), laporan-laporan, maupun dari setiap anggota                    (SIM), reports, or from any member of the Board of
   Direksi, karyawan atau individu atau narasumber terkait;              Directors, employee, individual, or relevant source;
7. Mengundang manajemen untuk hadir dalam rapat Komite;               7. Inviting management to attend Committee meetings;
   dan                                                                   and
8. Melakukan kewenangan lain yang diberikan oleh Dewan                8. Exercise other authorities granted by the Board of
   Komisaris.                                                            Commissioners.

Pengembangan Kompetensi Komite Pemantau                               Competency Development Risk Monitoring and
Risiko dan Hukum                                                      Legal Committee Competency Development

Pengembangan kompetensi Komite Pemantau Risiko dan                    The development of the Risk Monitoring and Legal
Hukum dapat dilihat pada Bab Profil Perusahaan dalam buku             Committee’s competencies is available in the Company
Laporan Tahunan ini.                                                  Profile chapter of this Annual Report.

Kebijakan dan Besaran Remunerasi bagi Komite                          Risk Monitoring and Legal Committee
Pemantau Risiko dan Hukum                                             Remuneration Policy and Amount

Berdasarkan Peraturan Menteri Badan Usaha Milik Negara                Pursuant to the Minister of State-Owned Enterprises
No. PER-3/MBU/03/2023, tanggal 24 Maret 2023, tentang                 Regulation No. PER-3/MBU/03/2023, dated March 24, 2023,
Organ dan Sumber Daya Manusia Badan Usaha Milik Negara,               on the Organization and Human Resources of State-Owned
Anggota Komite Pemantau Risiko dan Hukum yang bukan                   Enterprises, Risk Monitoring and Legal Committee members


PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                             645
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01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




anggota Dewan Komisaris memperoleh remunerasi berupa                who are not Board of Commissioners members receive
honorarium maksimal sebesar 20% dari gaji Direktur Utama.           remuneration in the form of honoraria of up to 20% of the
                                                                    salary of the President Director.

Pelaksanaan Tugas Komite Pemantau Risiko dan                        Implementation of Risk Monitoring and Legal
Hukum                                                               Committee Duties

Dalam melaksanakan tugas dan tanggung jawab peran dan               In carrying out the duties and responsibilities of the
fungsi Komite Pemantau Risiko dan Hukum, berikut uraian             Risk Monitoring and Legal Committee, the following is a
hasil pelaksanaan tugas pengawasan selama Tahun 2025                description of the results of the supervision tasks carried
sebagai berikut:                                                    out during 2025:
1. Rapat Komite Pemantau Risiko dan Hukum                           1. Risk Monitoring and Legal Committee Meetings
   Rapat Komite Pemantau Risiko dan Hukum dilaksanakan                  The Risk Monitoring and Legal Committee Meeting
   dalam rangka review atas kinerja manajemen untuk                     was held to review management performance, assess
   mengetahui perkembangan kondisi serta masalah-                       developments and actual problems experienced
   masalah aktual yang dialami Perusahaan termasuk                      by the Company, and provide input to the Board of
   pemberian masukan kepada Dewan Komisaris.                            Commissioners.

     Sepanjang tahun 2025, Komite Pemantau Risiko dan                  Throughout 2025, the Risk and Legal Monitoring
     Hukum telah melaksanakan sebanyak 12 kali Rapat.                  Committee held 12 meetings.

     Sebagaimana telah diatur dalam ketentuannya, Komite               As stipulated in its provisions, the Risk Monitoring and
     Pemantau Risiko dan Hukum memiliki ketentuan                      Legal Committee has provisions regarding meetings.
     mengenai rapat. Ketentuan tersebut, yaitu:                        These provisions are as follows:
     a. Komite Pemantau Risiko dan Hukum mengadakan                    a. The Risk Monitoring and Legal Committee holds
        rapat sekurang-kurangnya 1 (satu) kali dalam setiap               meetings at least once every quarter or twice every
        triwulan atau 2 (dua) kali dalam setiap semester.                 semester. There is no maximum limit on the number
        Tidak ada batasan maksimal jumlah rapat;                          of meetings;
     b. Rapat Komite dipimpin oleh Ketua Komite                        b. Committee meetings are chaired by the Committee
        atau anggota Komite yang paling senior masa                       Chairman or the most senior Committee member in
        keanggotaannya, apabila Ketua Komite berhalangan                  terms of membership, if the Committee Chairman is
        hadir;                                                            unable to attend;
     c. Jika dipandang perlu, Komite dapat mengundang                  c. If deemed necessary, the Committee may invite
        pihak Manajemen yang terkait dengan materi rapat                  Management personnel related to the meeting
        untuk hadir dalam rapat Komite;                                   agenda to attend the Committee meeting;
     d. Setiap rapat Komite dituangkan dalam risalah rapat             d. Each Committee meeting is recorded in meeting
        yang ditandatangani oleh seluruh anggota Komite                   minutes signed by all members of the Risk Monitoring
        Pemantau Risiko dan Hukum yang hadir; dan                         and Legal Committee who are present; and
     e. Komite mengadakan rapat koordinasi dengan                      e. The Committee holds coordination meetings with
        Struktural Manajemen Risiko sekurang-kurangnya                    the Risk Management Structure at least once every
        sekali dalam 3 (tiga) bulan.                                      3 (three) months.

     Sepanjang tahun 2025 Komite Pemantau Risiko dan                   Throughout 2025, the Risk Monitoring and Legal
     Hukum melakukan rapat sebanyak 12 (dua belas) kali                Committee held 12 (twelve) meetings with the following
     dengan agenda di antaranya sebagai berikut:                       agenda items:
     a. Laporan Fungsi Kepatuhan Anti Penyuapan (FKAP).                a. Anti-Bribery Compliance Function Report (FKAP).
     b. Pengusahaan Jalan Tol Anak Perusahaan.                         b. Toll Road Operations of Subsidiaries.
     c. Pedoman Manajemen Risiko.                                      c. Risk Management Guidelines.
     d. Evaluasi Atas Efektivitas Pengelolaan Risiko.                  d. Evaluation of Risk Management Effectiveness.
     e. Nilai Strategi Risiko 2026.                                    e. 2026 Risk Strategy Score.
     f. Progres Reviu Board Manual.                                    f. Board Manual Review Progress.
     g. Peringkat Komposit Risiko.                                     g. Composite Risk Rating.
     h. Rencana Penerbitan Obligasi.                                   h. Bond Issuance Plan.
     i. Permasalahan Hukum.                                            i. Legal Issues.
     j. Rancangan Draft Awal RKAP 2026.                                j. Initial Draft of the 2026 RKAP.
     k. RKAP Anak Perusahaan.                                          k. Subsidiary RKAP.
     l. Progres Desain dan Implementasi ICOFR.                         l. Progress of ICOFR Design and Implementation.
     m. Audiensi Key Performance Indicators (KPI) RKAP                 m. Key Performance Indicators (KPI) Hearing for the
        2026.                                                             2026 RKAP.




646                                                                     Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 647
06                                 07                                           08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan             Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility              Reference of POJK, SEOJK, and ARA Criteria




Tabel Kehadiran Komite Pemantau Risiko dan Hukum dalam Rapat Komite Pemantau Risiko dan Hukum 2024
Table of Risk Monitoring and Legal Committee’s Attendance at the 2025 Risk Monitoring and Legal Committee Meetings

                                 Syamsul       Asrorun
                                                         Mustolih                       M.                Abdul            Tjahjanto          Iqbal
                                  Bachri        Ni’am                 Erick**
                                                         Siradj**                  Roskanedi***        Rachman***        Budisatrio****   Tawakkal*****
                                  Yusuf*       Sholeh*
 Jumlah Rapat Dalam Setahun
                                                                                               12
 Total Meetings in One Year

 Jumlah Rapat yang Wajib
 Dihadiri                            9            9          8          12                3                  3                 3               4
 Total Mandatory Meetings

 Jumlah Rapat yang Dihadiri
                                     9            9          8          12                3                  3                 3               4
 Total Attended Meetings

 Presentasi Kehadiran (%)
                                  100%          100%       100%        100%             100%               100%              100%             100%
 Attendance Percentage (%)

 Rata-Rata (%)
                                                                                              100%
 Average (%)

 Keterangan/Notes:
 *     Menjabat sejak 5 Juni 2025/In office since June 5, 2025
 **    Menjabat sejak 1 Juli 2025/In office since July 1, 2025
 *** Menjabat sampai 7 Mei 2025/Serving until May 7, 2025
 **** Menjabat sampai 9 Mei 2025/Serving until May 9, 2025
 ***** Menjabat sampai 30 Juni 2025/Serving until June 30, 2025


2. Kunjungan Lapangan/Unit Usaha                                                  2. Field/Business Unit Visits
   Komite Pemantau Risiko dan Hukum melaksanakan                                     The Risk Monitoring and Legal Committee conducts
   kegiatan kunjungan ke lapangan/unit usaha guna                                    field/business unit visits to obtain a clearer picture and
   mendapatkan gambaran dan informasi yang lebih                                     more accurate information regarding areas or matters
   akurat/jelas mengenai bidang atau hal-hal yang perlu                              that require attention.
   mendapat perhatian.

     Selama Tahun 2025, Komite Pemantau Risiko dan Hukum                               Throughout 2025, the Risk and Legal Monitoring
     telah melaksanakan 7 kali kunjungan, dengan rincian                               Committee conducted 7 (seven) visits, with the following
     sebagai berikut:                                                                  details:


                    Tanggal                                                                    Lokasi
      No.
                     Date                                                                     Location
       1.    06 Maret 2025               Ruas Jalan Tol Fungsional Tol Yogya-Solo dalam Rangka Persiapan Idul Fitri 2025
             March 6, 2025               Functional Toll Road Sections of the Yogya-Solo Toll Road in Preparation for Eid al-Fitr 2025

       2.    17-19 Maret                 Jalan Tol Trans Jawa dalam Rangka Kesiapan Operasional Mudik Idul Fitri Tahun 2025
             March 17-19, 2025           Trans-Java Toll Road in Preparation for Eid al-Fitr 2025 Homecoming Operations

       3.    19 Juni 2025                Proyek Jalan Tol Jakarta-Cikampek Selatan
             June 19, 2025               Jakarta-Cikampek Selatan Toll Road Project

       4.    27-29 Juni 2025             1.   Rest Area 207A Palimanan-Kanci, Rest Area 379A Batang, dan Rest Area 519A Solo-Ngawi
             June 27-29, 2025            2.   Proyek PT Jasamarga Probolinggo Banyuwangi
                                         3.   Proyek PT Jasamarga Jogja Solo Paket 1.1 Klaten-Kartasura, Paket 1.2 Purwomartani-Klaten, Paket
                                              2.2B Trihanggo-JC Sleman
                                         4.   Proyek PT Jasamarga Jogja Bawen Seksi 1 dan Seksi 6

                                         1.   Rest Area 207A Palimanan-Kanci, Rest Area 379A Batang, and Rest Area 519A Solo-Ngawi
                                         2.   PT Jasamarga Probolinggo Banyuwangi Project
                                         3.   PT Jasamarga Jogja Solo Project Package 1.1 Klaten-Kartasura, Package 1.2 Purwomartani-Klaten,
                                              Package 2.2B Trihanggo-JC Sleman
                                         4.   PT Jasamarga Jogja Bawen Project Section 1 and Section 6

       5.    15 Juli 2025                Jasamarga Tollroad Command Center, Jatiasih, Bekasi
             July 15, 2025

       6.    07-09 Agustus 2025          PT Jasamarga Manado Bitung (Jalan Tol Manado-Bitung)
             August 7-9, 2025            PT Jasamarga Manado Bitung (Manado-Bitung Toll Road)

       7.    08 November 2025            PT Jasamarga Japek Selatan (Jalan Tol Jakarta-Cikampek Selatan)
             November, 2025              PT Jasamarga Japek Selatan (Jakarta-Cikampek Selatan Toll Road)




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                                 647
Page 648
01                           02                   03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen    Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report    Company Profile          Management Discussion and Analysis       Business Support Functions




3. Pengembangan Kompetensi Komite Pemantau Risiko                    3. Competency Development of the Risk and Legal
   dan Hukum                                                            Monitoring Committee
   Sepanjang     tahun      2025,     Perseroan   telah                 Throughout 2025, the Company has enrolled the Risk
   mengikutsertakan Komite Pemantau Risiko dan Hukum                    and Legal Monitoring Committee in various training
   pada berbagai pelatihan sebagai bentuk pengembangan                  programmes as part of its competency development
   kompetensi. Lebih lanjut mengenai pengembangan                       initiatives. Further details regarding the competency
   kompetensi Komite Pemantau Risiko dan Hukum,                         development of the Risk and Legal Monitoring
   dapat dilihat pada Bab Profil Perusahaan, bagian                     Committee can be found in the Company Profile section,
   Pengembangan Kompetensi Komite Pemantau Risiko                       under ‘Competency Development of the Risk and Legal
   dan Hukum.                                                           Monitoring Committee’.

4. Evaluasi Atas Efektivitas Pengelolaan Risiko                      4. Evaluation of Risk Management Effectiveness
   Dalam melakukan evaluasi efektivitas pengelolaan risiko              In evaluating the effectiveness of risk management
   di tahun 2025, Dewan Komisaris memperhatikan risiko                  in 2025, the Board of Commissioners considered the
   Perseroan didasarkan pada proses bisnis Perseroan                    Company’s risks based on the Company’s business
   dengan memperhatikan taksonomi (kategori) risiko                     processes, considering the Company’s risk taxonomy
   Perseroan yang telah disesuaikan dengan arahan BP                    (categories), which has been adjusted in accordance
   BUMN.                                                                with the directives of the Ministry of SOE.

     Hal-hal yang menjadi perhatian terkait capaian kinerja             The following are some of the points of concern
     Perseroan di antaranya adalah sebagai berikut:                     regarding the Company’s performance achievements:
     a. Ketepatan waktu penyelesaian konstruksi untuk                   a. Timeliness of construction completion to maintain
         menjaga kelayakan ruas.                                           the viability of the route.
     b. Ketepatan waktu penyesuaian tarif sesuai peraturan              b. Timeliness of tariff adjustments in accordance with
         dan perundangan.                                                  regulations and legislation.
     c. Efisiensi biaya operasi untuk menjaga EBITDA Margin             c. Operational cost efficiency to maintain EBITDA
         dan memberikan arus kas positif bagi Perseroan.                   Margin and provide positive cash flow for the
                                                                           Company.
     d. Komposisi liabilitas dengan mempertimbangkan                    d. Liability composition taking into account the
        investasi jangka panjang Perseroan.                                Company's long-term investments.
     e. Sumber      pendanaan     investasi yang    dapat               e. Sources of investment funding that can positively
        mempengaruhi kinerja keuangan secara positif dan                   affect financial performance and generate positive
        menciptakan arus kas positif dari kegiatan operasi                 cash flow from the Company's operating activities.
        Perseroan.

5. Evaluasi Atas Laporan Manajemen                                   5. Evaluation of Management Reports
   Evaluasi efektivitas pemantauan risiko dan hukum                     The effectiveness of risk and legal monitoring is
   dilakukan secara berkala untuk memastikan keberlanjutan              evaluated periodically to ensure the Company’s business
   bisnis Perseroan dalam menghadapi berbagai tantangan                 sustainability in facing various challenges and dynamics
   dan dinamika yang terjadi sepanjang tahun 2025.                      throughout 2025. This evaluation is carried out by
   Evaluasi ini dilakukan dengan mempertimbangkan aspek                 considering financial, operational, technological, legal,
   keuangan, operasional, teknologi, hukum, dan reputasi.               and reputational aspects.

     Berdasarkan evaluasi atas efektivitas pengelolaan risiko           Based on the evaluation of the effectiveness of risk
     dan hukum selama tahun 2025, Perseroan telah berhasil              and legal management during 2025, the Company’s
     menjaga keseimbangan antara pertumbuhan bisnis                     management has successfully maintained a balance
     dan mitigasi risiko, serta pemenuhan kepatuhan atas                between business growth and risk mitigation, as well as
     peraturan perundang undangan yang berlaku.                         compliance with applicable laws and regulations.

     Keberhasilan ini didukung oleh strategi keuangan yang              This success was supported by prudent financial
     prudent, pemanfaatan teknologi, serta penerapan tata               strategies, the utilization of technology, and the
     kelola yang baik. Rekomendasi untuk tahun berikutnya               implementation of good governance. Recommendations
     mencakup peningkatan sinergi antar Anak Perusahaan,                for the following year include increasing synergy between
     optimalisasi investasi berbasis teknologi, serta                   subsidiaries, optimizing technology-based investments,
     penguatan kebijakan kepatuhan dan audit internal.                  and strengthening compliance and internal audit policies.

     Manajemen Perseroan senantiasa berupaya untuk dapat                The Company’s management continuously strives
     menerapkan manajemen risiko secara komprehensif                    to implement comprehensive risk management in all
     pada seluruh kegiatan Perseroan yang diwujudkan                    of the Company’s activities by ensuring that such
     dengan memastikan bawah pelaksanaan tersebut telah                 implementation is carried out effectively, efficiently,
     diterapkan secara efektif, efisien dan sesuai dengan apa           and in accordance with the provisions of the Minister
     yang diamanatkan dalam Peraturan Menteri Badan Usaha               of State-Owned Enterprises Regulation No. PER-2/
     Milik Negara No. PER-2/MBU/03/2023 tentang Pedoman                 MBU/03/2023, on Guidelines for Corporate Governance
     Tata Kelola dan Kegiatan Korporasi Signifikan Badan                and Significant Corporate Activities of State-Owned
     Usaha Milik Negara. Organ Dewan Komisaris senantiasa               Enterprises. The Board of Commissioners is committed


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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




     berkomitmen dan bertanggung jawab dalam melakukan                          and responsible for performing its supervisory function
     fungsi pengawasan dalam rangka memastikan bahwa                            to ensure that risk management is implemented properly,
     penerapan manajemen risiko terselenggara dengan                            whereby the implementation of policies and regulations
     baik dimana penerapan kebijakan dan peraturan yang                         in line with these regulations is carried out and evaluated
     selaras dengan peraturan tersebut terus dilaksanakan                       regularly and continuously.
     dan dievaluasi secara berkala dan berkelanjutan.

Pemenuhan Key Performance Indicators (KPI)                                 Fulfillment of Risk Monitoring and Legal
Komite Pemantau Risiko dan Hukum                                           Committee Key Performance Indicators (KPIs)

Dalam melaksanakan tugasnya, Komite Pemantau Risiko                        In carrying out its duties, the Risk Monitoring and Legal
dan Hukum selalu berpedoman pada Program Kerja Komite                      Committee always adheres to the Work Program of the
Pemantau Risiko dan Hukum. Secara umum, kinerja Komite                     Risk Monitoring and Legal Committee. In general, the
Pemantau Risiko dan Hukum didasarkan pada realisasi                        performance of the Risk Monitoring and Legal Committee is
program kerja dibandingkan dengan target yang ditetapkan.                  based on the realization of the work program compared to
Secara umum pada tahun 2025, Komite Pemantau Risiko                        the set targets. In general, in 2025, the Risk Monitoring and
dan Hukum telah melaksanakan seluruh kegiatan sesuai                       Legal Committee has carried out all activities in accordance
dengan perencanaan yang ditetapkan dan telah memenuhi                      with the established plan and has met all assessment
seluruh indikator penilaian.                                               indicators.

Kinerja Komite Pemantau Risiko dan Hukum selama tahun                      The performance of the Risk Monitoring and Legal
2025 berdasarkan KPI dirinci sebagai berikut:                              Committee in 2025, based on KPIs, is detailed as follows:

Tabel Hasil Penilaian KPI Komite Pemantau Risiko dan Hukum Tahun 2025
Table of Risk Monitoring and Legal Committee KPI Assessment Results in 2025




                            Program Kerja                                                            Bobot            Ketercapaian    Skor
                                                                    Realisasi/Output
  No.                       Work Program                                                             Weight           Achievement    Score
                                                                    Realization/Output
                                                                                                      (A)              [0-100] (B)   (AxB)
   1.    Pembahasan Revisi RKAP 2025 dengan                     1 kali Rapat Pembahasan                7,5%               100        7,5%
         Kesesuaian RJPP 2025-2029                              1 Discussion Meeting
         Discussion of the 2025 RKAP Revision per the
         2025-2029 RJPP

   2.    Pembahasan RKAP 2026 dengan kesesuaian                 6 kali Rapat Pembahasan                7,5%               100        7,5%
         RJPP 2025-2029                                         6 Discussion Meetings
         Discussion of the 2026 RKAP per the 2025-2029
         RJPP

   3.    Pembahasan Revisi RKAP 2025 dengan                     1 kali Rapat Pembahasan                7,5%               100        7,5%
         memperhatikan Aspirasi Pemegang Saham,                 1 Discussion Meeting
         Peraturan Perundangan dan Perjanjian dengan
         Pihak Ketiga
         Discussion of the 2025 RKAP Revision with
         consideration of Shareholder Aspirations, Laws
         and Regulations, and Agreements with Third
         Parties

   4.    Pembahasan RKAP 2026 dengan memperhatikan              6 kali Rapat Pembahasan                7,5%               100        7,5%
         Aspirasi    Pemegang        Saham,     Peraturan       6 Discussion Meetings
         Perundangan dan Perjanjian Pihak dengan Ketiga
         Discussion of the 2026 RKAP with consideration
         of Shareholder Aspirations, Laws and Regulations,
         and Agreements with Third Parties

   5.    Pembahasan (termasuk namun tidak terbatas              •   1 kali Rapat Pembahasan             5%                100         5%
         pada evaluasi) Pembangunan Jalan Tol PSN,              •   1 Nota Dinas KPRH
         termasuk rencana Pemrakarsa didasarkan pada            •   1 Discussion Meeting
         RJPP 2025-2029                                         •   1 KPRH Official
         Discussion (including but not limited to evaluation)       Memorandum
         of PSN Toll Road Development, including the
         Initiator's plan based on the 2025-2029 RJPP

   6.    Pembahasan   Pengembangan   Lini  Bisnis               2 Nota Dinas KPRH                       5%                100         5%
         Prospektif                                             2 KPRH Official
         Discussion of Prospective Business Line                Memorandums
         Development




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Ikhtisar Kinerja Utama           Laporan Manajemen       Profil Perusahaan         Analisa dan Pembahasan Manajemen          Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report       Company Profile           Management Discussion and Analysis        Business Support Functions




Tabel Hasil Penilaian KPI Komite Pemantau Risiko dan Hukum Tahun 2025
Table of Risk Monitoring and Legal Committee KPI Assessment Results in 2025




                             Program Kerja                                                          Bobot          Ketercapaian            Skor
                                                                   Realisasi/Output
  No.                        Work Program                                                           Weight         Achievement            Score
                                                                   Realization/Output
                                                                                                     (A)            [0-100] (B)           (AxB)
   7.     Evaluasi Kebijakan Manajemen Risiko dan              •   3 Nota Dinas KPRH                    5%              100                 5%
          Implementasi Teknologi: SLFF, FLO, MLFF, Traffic     •   1 kali Rapat Pembahasan
          Counting AI, Enhancement Travoy                      •   3 KPRH Official
          Evaluation of Risk Management Policy and                 Memorandums
          Technology Implementation: SLFF, FLO, MLFF,          •   1 Discussion Meeting
          Traffic Counting AI, Enhancement Travoy

   8.     Evaluasi atas Masterplan IT 2025-2029 sejalan        1 Nota Dinas KPRH                        5%              100                 5%
          dengan RJPP 2025-2029                                1 KPRH Official Memorandum
          Evaluation of the 2025-2029 IT Master Plan in line
          with the 2025-2029 RJPP

   9.     Pembahasan dan Evaluasi Pelaksanaan Kebijakan        Laporan dalam Rapat Dewan                5%              100                 5%
          Pengelolaan Anak Perusahaan                          Komisaris
          Discussion and Evaluation of the Implementation      Reports in the Board of
          of Subsidiary Management Policies                    Commissioners Meeting

 10.      Pembahasan dan Evaluasi Kepatuhan                    •   1 kali Rapat Pembahasan       5%               100                  5%
          Perusahaan dalam Menjalankan Peraturan               •   1 Nota Dinas KPRH
          Perundang-undangan dan Anggaran Dasar                •   1 Discussion Meeting
          Perusahaan                                           •   1 KPRH Official
          Discussion and Evaluation of Company                     Memorandum
          Compliance in Implementing Laws and
          Regulations and the Company's Articles of
          Association

 11.      Pembahasan dan Evaluasi Kepatuhan                    3 Nota Dinas KPRH                 5%               100                  5%
          Perusahaan terhadap Seluruh Perjanjian dan           3 KPRH Official
          Komitmen yang dibuat oleh Perusahaan dengan          Memorandums
          Pihak Ketiga
          Discussion and Evaluation of Company
          Compliance with All Agreements and
          Commitments made by the Company with Third
          Parties

 122.     Pembahasan Transaksi atau Tindakan Direksi           4 Nota Dinas KPRH                 7,5%             100                  7,5%
          yang memerlukan Persetujuan/Otorisasi/               4 KPRH Official
          Rekomendasi dalam Lingkup Dewan Komisaris            Memorandums
          atau RUPS
          Discussion of Transactions or Actions of the
          Board of Directors that require Approval/
          Authorization/Recommendation within the Scope
          of the Board of Commissioners or GMS

 13.      Pembahasan Rencana Aksi Korporasi Keuangan           3 Nota Dinas KPRH                 7,5%             100                  7,5%
          Discussion of Financial Corporate Action Plans       3 KPRH Official
                                                               Memorandums

 14.      Peningkatan Kompetensi melalui Program               5 kali Pelatihan                  5%               100                  5%
          Pelatihan                                            5 Training
          Competency Improvement through Training
          Programs

 15.      Piagam/Charter dan Program Kerja Tahunan             •   2 Nota Dinas KPRH             5%               100                  5%
          Charter and Annual Work Program                      •   1 kali Rapat Pembahasan
                                                               •   2 KPRH Official
                                                                   Memorandums
                                                               •   1 Discussion Meeting

 16.      Penugasan Dewan Komisaris                            Dilaporkan Melalui Nota Dinas     5%               100                  5%
          Assignment of the Board of Commissioners             KPRH
                                                               Reported through the KPRH
                                                               official memorandums

 17.      Pelaporan Hasil Kegiatan dan Hasil Penugasan         Laporan Triwulanan                5%               100                  5%
          Reporting of Activity Results and Assignment         Quarterly Reports
          Results

 Pencapaian KPI                                                                                                                        100%
 KPI Achievement



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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Rencana Kerja Komite Pemantau Risiko dan                              Risk Monitoring and Legal Committee Work Plan
Hukum Tahun 2026                                                      for 2026

Program kerja Komite Pemantau Risiko dan Hukum di tahun               The work program of the Risk Monitoring and Legal
2026 di antaranya adalah sebagai berikut:                             Committee in 2026 includes the following:
• Rapat Komite Pemantau Risiko dan Hukum.                             • Risk Monitoring and Legal Committee meetings.
• Pembahasan dan pengawasan bidang risiko.                            • Discussion and supervision of risk areas.
• Pembahasan dan pengawasan bidang hukum.                             • Discussion and supervision of legal matters.
• Pembahasan implementasi teknologi.                                  • Discussion of technology implementation.
• Pengawasan atas Informasi Manajemen.                                • Supervision of Management Information.
• Pembahasan RKAP dan RJPP.                                           • Discussion of RKAP and RJPP.
• Peningkatan Kompetensi.                                             • Competency improvement.
• Pembahasan proses internal dengan membuat program                   • Discussion of internal processes by creating work
   kerja dan review dokumen terkait jika diperlukan.                     programs and reviewing related documents if necessary.



Komite Tata Kelola Terintegrasi                                       Integrated Governance Committee
Komite Tata Kelola Terintegrasi merupakan komite yang                 The Integrated Governance Committee is a committee
dibentuk untuk membantu Dewan Komisaris melaksanakan                  formed to assist the Board of Commissioners in carrying out
fungsi pengawasan melalui pemantauan dan evaluasi                     its supervisory functions through monitoring and evaluating
terhadap fungsi dan kebijakan Tata Kelola Terintegrasi.               the functions and policies of Integrated Governance. The
Komite Tata Kelola Terintegrasi merupakan organ pendukung             Integrated Governance Committee is a supporting body of
Dewan Komisaris yang merupakan organ pengelola risiko,                the Board of Commissioners, which is a risk management
yang wajib dimiliki apabila Perseroan masuk dalam kategori            body that must be established if the Company is classified
konglomerasi dan klasifikasi risikonya sistemik A. Melalui            as a conglomerate and its risk classification is systemic A.
komite ini, diharapkan Dewan Komisaris bekerja secara                 Through this committee, it is expected that the Board of
profesional, independen, dan kompeten agar Visi dan Misi              Commissioners will work professionally, independently, and
Perseroan dapat tercapai.                                             competently so that the Company’s Vision and Mission can
                                                                      be achieved.

Dasar Pembentukan Komite Tata Kelola                                  Integrated Governance Committee
Terintegrasi                                                          Establishment Basis

Komite Tata Kelola Terintegrasi dibentuk berdasarkan                  The Integrated Governance Committee is formed based on
peraturan perundangan. Adapun dasar hukum pembentukan                 legislation. The legal basis for the formation of the Integrated
Komite Tata Kelola Terintegrasi, sebagai berikut:                     Governance Committee is as follows:
1. Peraturan Menteri Badan Usaha Milik Negara No. PER-2/              1. Minister of State-Owned Enterprises Regulation No. PER-
   MBU/03/2023 tanggal 24 Maret 2023 tentang Pedoman                      2/MBU/03/2023 dated March 24, 2023, on Guidelines
   Tata Kelola dan Kegiatan Korporasi Signifikan Badan                    for Governance and Significant Corporate Activities of
   Usaha Milik Negara (Berita Negara RI Tahun 2023                        State-Owned Enterprises (2023 State Gazette of the
   No. 262);                                                              Republic of Indonesia No. 262);
2. Peraturan Menteri Badan Usaha Milik Negara No. PER-                2. Minister of State-Owned Enterprises Regulation No. PER-
   3/MBU/03/2023 tanggal 24 Maret 2023 tentang Organ                      3/MBU/03/2023 dated March 24, 2023, on Organs and
   dan Sumber Daya Manusia Badan Usaha Milik Negara                       Human Resources of State-Owned Enterprises (2023
   (Berita Negara RI Tahun 2023 No. 263);                                 State Gazette of the Republic of Indonesia No. 263);
3. Peraturan Otoritas Jasa Keuangan No. 21/POJK.04/2015               3. Financial Services Authority Regulation No. 21/
   tentang Penerapan Pedoman Tata Kelola Perusahaan                       POJK.04/2015 on the Implementation of Corporate
   Terbuka;                                                               Governance Guidelines for Public Companies;
4. Keputusan Deputi Bidang Keuangan dan Manajemen                     4. Deputy for Finance and Risk Management of the
   Risiko Kementerian Badan Usaha Milik Negara No. SK-3/                  Ministry of State-Owned Enterprises Decree No. SK-3/
   DKU.MBU/05/2023 tentang Petunjutk Teknis Komposisi                     DKU.MBU/05/2023 on Technical Guidelines for the
   dan Kualifikasi Organ Pengelola Risiko di Lingkungan                   Composition and Qualifications of Risk Management
   Badan Usaha Milik Negara;                                              Organs within State-Owned Enterprises;
5. Keputusan Deputi Bidang Keuangan dan Manajemen                     5. Deputy for Finance and Risk Management of the Ministry
   Risiko Kementerian Badan Usaha Milik Negara No. SK-6/                  of State-Owned Enterprises Decree No. SK-6/DKU.
   DKU.MBU/05/2023 tentang Proses Manajemen Risiko                        MBU/05/2023 on Risk Management and Aggregation
   dan Agregasi;                                                          Processes;
6. Surat Edaran Otoritas Jasa Keuangan No. 32/                        6. Financial Services Authority Circular Letter No. 32/
   SEOJK.04/2015       tentang    Pedoman      Tata Kelola                SEOJK.04/2015 on Guidelines for Corporate Governance
   Perusahaan Terbuka;                                                    of Public Companies;
7. Anggaran Dasar Perusahaan Perseroan (Persero)                      7. Articles of Association of the State-Owned Enterprise
   PT Jasa Marga (Persero) Tbk Akta Notaris Ir. Nanette                   (Persero) PT Jasa Marga (Persero) Tbk, Notarial Deed
   Cahyanie Handari Adi Warsito, SH akta No. 04                           of Ir. Nanette Cahyanie Handari Adi Warsito, SH, Deed
   tanggal 09 Januari 2026, berikut Surat Penerimaan                      No. 04 dated January 9, 2026, along with the Notice of


PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                               651
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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




   Pemberitahuan dari Direktorat Jenderal Administrasi                 Receipt from the Directorate General of General Legal
   Hukum Umum Kementerian Hukum Republik Indonesia                     Administration of the Ministry of Law of the Republic of
   No. AHUAH.01.03-0013716 tanggal 19 Januari 2026                     Indonesia No. AHUAH.01.03-0013716 dated January 19,
   dan telah didaftar dalam Daftar Perseroan No. AHU-                  2026, and registered in the Company Register No. AHU-
   0007721. AH.01.11.Tahun 2026 tanggal 19 Januari 2026;               0007721. AH.01.11.Year 2026 dated January 19, 2026;
8. Keputusan Dewan Komisaris PT Jasa Marga (Persero)                8. Board of Commissioners Decree of PT Jasa Marga
   Tbk No. KEP-038/III/2024 tanggal 22 Maret 2024,                     (Persero) Tbk No. KEP-038/III/2024 dated March 22,
   tentang Pembentukan Komite Tata Kelola Terintegrasi                 2024, on the Establishment of the Integrated Governance
   PT Jasa Marga (Persero) Tbk.                                        Committee of PT Jasa Marga (Persero) Tbk.

Pedoman Kerja/Piagam Komite Tata Kelola                             Integrated Governance Committee Work
Terintegrasi                                                        Guideline/Charter

Jasa Marga memiliki Pedoman Tata Kelola Terintegrasi                Jasa Marga has Integrated Governance Guidelines for
PT Jasa Marga (Persero) Tbk diatur melalui Keputusan                PT Jasa Marga (Persero) Tbk, regulated through a Joint
Bersama Dewan Komisaris dan Direksi yang Tbk No. KEP-               Decree of the Board of Commissioners and Board Directors
041/III/2024 dan No. 45/KPTS/2024 tanggal 22 Maret 2024             of Tbk No. KEP-041/III/2024 and No. 45/KPTS/2024 dated
tentang Pedoman Tata Kelola Terintegrasi Konglomerasi               March 22, 2024, on the Integrated Governance Guidelines
PT Jasa Marga (Persero) Tbk. Pedoman ini merupakan                  for the Conglomerate of PT Jasa Marga (Persero) Tbk. These
acuan bagi Komite Tata Kelola Terintegrasi dalam                    guidelines serve as a reference for the Integrated Governance
melaksanakan tugas dan tanggung jawabnya. Pedoman                   Committee in carrying out its duties and responsibilities.
tersebut memuat ketentuan yang harus dipatuhi oleh Komite           The guidelines contain provisions that must be complied
Tata Kelola Terintegrasi, dengan tujuan agar pelaksanaan            with by the Integrated Governance Committee, with the
kegiatan Komite Tata Kelola Terintegrasi dapat bekerja              aim that the implementation of the Integrated Governance
secara independen, objektif, mandiri, transparan, dan dapat         Committee’s activities can be carried out independently,
dipertanggungjawabkan. Dalam pengaturannya terhadap                 objectively, autonomously, transparently, and accountably.
Komite Tata Kelola Terintegrasi, Pedoman Tata Kelola                In its regulation of the Integrated Governance Committee,
Terintegrasi Konglomerasi PT Jasa Marga (Persero) Tbk,              the Integrated Governance Guidelines for the PT Jasa Marga
memuat substansi antara lain mencakup:                              (Persero) Tbk Conglomerate contains substances that
                                                                    include, among other things:
1.   Struktur Keanggotaan Komite Tata Kelola Terintegrasi;          1. The membership structure of the Integrated Governance
                                                                         Committee;
2. Tugas dan Tanggung Jawab Komite Tata Kelola                      2. The duties and responsibilities of the Integrated
   Terintegrasi; dan                                                     Governance Committee; and
3. Piagam Komite Tata Kelola Terintegrasi.                          3. The Integrated Governance Committee Charter.

Persyaratan Keanggotaan                                             Membership Requirements

Setiap orang yang diangkat menjadi anggota Komite Tata              Every person appointed as a Integrated Governance
Kelola Terintegrasi, merupakan seluruh Komisaris Induk Jasa         Committee member shall be a Commissioner of Jasa
Marga dan Komisaris Utama Anak Perusahaan.                          Marga Parent Company and a President Commissioner of
                                                                    Subsidiary Companies.

Ketentuan Masa Jabatan                                              Term of Office

Seluruh Anggota Komite Tata Kelola Terintegrasi Jasa Marga          All members of Jasa Marga’s Integrated Governance
memiliki integritas, kompetensi dan reputasi yang baik.             Committee have integrity, competence, and a good
Pemberhentian anggota Komite Tata Kelola Terintegrasi               reputation. Members of the Integrated Governance
dapat dilakukan apabila yang bersangkutan berakhir masa             Committee may be dismissed if their term of office as a
jabatan keanggotaannya sebagai Komisaris Induk atau                 Commissioner of the Parent Company or as a President
sebagai Komisaris Utama Anak Perusahaan. Masa tugas                 Commissioner of a Subsidiary ends. The term of office of
anggota Komite Tata Kelola Terintegrasi tidak boleh lebih           members of the Integrated Governance Committee shall not
lama dari masa jabatan Dewan Komisaris sebagaimana                  exceed the term of office of the Board of Commissioners as
diatur dalam Anggaran Dasar Perseroan dan dapat diangkat            stipulated in the Company’s Articles of Association and may
kembali, sesuai peraturan dan ketentuan perundangan.                be reappointed per laws and regulations.

Apabila anggota Komisaris yang menjadi Ketua Komite Tata            If a Commissioner who is the Chairman of the Integrated
Kelola Terintegrasi berhenti sebelum masa tugasnya sebagai          Governance Committee resigns before the end of their term
Komisaris Perseroan, maka Ketua Tata Kelola Terintegrasi            as a Commissioner of the Company, the Chairman of the
digantikan oleh Komisaris lainnya.                                  Integrated Governance Committee shall be replaced by
                                                                    another Commissioner.




652                                                                     Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Susunan, Jumlah, Komposisi dan Dasar                                  Structure, Number, Composition, and
Pengangkatan Komite Tata Kelola Terintegrasi                          Appointment Basis of Integrated Governance
                                                                      Committee

Struktur keanggotaan Komite Tata Kelola Terintegrasi terdiri          The membership structure of the Integrated Governance
dari Ketua Komite merangkap anggota yaitu Komisaris                   Committee consists of the Committee Chairman, who is
Utama PT Jasa Marga (Persero) Tbk, anggota komite yaitu               also a member, i.e., the President Commissioner of PT Jasa
anggota Dewan Komisaris PT Jasa Marga (Persero) Tbk dan               Marga (Persero) Tbk, committee members who are members
perwakilan Dewan Komisaris pada anak Perusahaan PT Jasa               of the Board of Commissioners of PT Jasa Marga (Persero)
Marga (Persero) Tbk.                                                  Tbk, and representatives of the Board of Commissioners of
                                                                      PT Jasa Marga (Persero) Tbk subsidiaries.

Anggota Komite Tata Kelola Terintegrasi harus memiliki                Members of the Integrated Governance Committee must
komitmen yang teguh dan integritas yang tinggi, kemampuan             have a strong commitment and high integrity, effective
komunikasi secara efektif serta memiliki pengetahuan,                 communication skills, as well as knowledge, experience,
pengalaman dan kemampuan teknis di bidang tugasnya.                   and technical capabilities in their respective fields. Referring
Mengacu pada Keputusan Dewan Komisaris PT Jasa Marga                  to the Board of Commissioners Decree of PT Jasa Marga
(Persero) Tbk No KEP-039/III/2024 tanggal 22 Maret 2024               (Persero) Tbk No. KEP-039/III/2024 dated March 22,
Susunan Tata Kelola Terintegrasi terdiri dari Komisaris Utama         2024, the Integrated Governance structure consists of the
dan seluruh anggota Komisaris PT Jasa Marga (Persero) Tbk             President Commissioner and all members of the Board of
dan seluruh Komisaris Utama pada anak perusahaan PT Jasa              Commissioners of PT Jasa Marga (Persero) Tbk, and all
Marga (Persero) Tbk. Adapun susunan secara lengkap ketua              President Commissioners of PT Jasa Marga (Persero) Tbk
dan anggota Komite Tata Kelola Terintegrasi yaitu sebagai             subsidiaries. The complete list of the chair and members of
berikut:                                                              the Integrated Governance Committee is as follows:

Susunan, Jumlah, Komposisi dan Dasar Pengangkatan Komite Tata Kelola Terintegrasi
Table of Structure, Number, Composition, and Appointment Basis of Integrated Governance Committee

                                                          Nama                                                        Jabatan
                                                          Name                                                        Position
 Komisaris Utama | President Commissioner                                                                              Ketua
 PT Jasa Marga (Persero) Tbk                                                                                          Chairman

 Seluruh Anggota Dewan Komisaris | All Members of the Board of Commissioners                                          Anggota
 PT Jasa Marga (Persero) Tbk                                                                                          Member

 Komisaris Utama | President Commissioner                                                                             Anggota
 PT Jasamarga Trans Jawa Tol                                                                                          Member

 Komisaris Utama | President Commissioner                                                                             Anggota
 PT Jasamarga Toll Road Operator                                                                                      Member

 Komisaris Utama | President Commissioner                                                                             Anggota
 PT Toll Road Maintenance                                                                                             Member

 Komisaris Utama | President Commissioner                                                                             Anggota
 PT Jasamarga Related Business                                                                                        Member

 Komisaris Utama | President Commissioner                                                                             Anggota
 PT Kunciran Cengkareng                                                                                               Member

 Komisaris Utama | President Commissioner                                                                             Anggota
 PT Marga Sarana Jabar                                                                                                Member

 Komisaris Utama | President Commissioner                                                                             Anggota
 PT Cinere Serpong Jaya                                                                                               Member

 Komisaris Utama | President Commissioner                                                                             Anggota
 PT Marga Trans Nusantara                                                                                             Member

 Komisaris Utama | President Commissioner                                                                             Anggota
 PT Marga Lingkar Jakarta                                                                                             Member

 Komisaris Utama | President Commissioner                                                                             Anggota
 PT Jasamarga Manado Bitung                                                                                           Member

 Komisaris Utama | President Commissioner                                                                             Anggota
 PT Jasamarga Bali Tol                                                                                                Member

 Komisaris Utama | President Commissioner                                                                             Anggota
 PT Jasamarga Kualanamu Tol                                                                                           Member




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                              653
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01                                02                          03                       04                                          05
Ikhtisar Kinerja Utama            Laporan Manajemen           Profil Perusahaan         Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report           Company Profile           Management Discussion and Analysis          Business Support Functions




Susunan, Jumlah, Komposisi dan Dasar Pengangkatan Komite Tata Kelola Terintegrasi
Table of Structure, Number, Composition, and Appointment Basis of Integrated Governance Committee

                                                             Nama                                                                         Jabatan
                                                             Name                                                                         Position
 Komisaris Utama | President Commissioner                                                                                                 Anggota
 PT Jasamarga Balikpapan Samarinda                                                                                                        Member

 Komisaris Utama | President Commissioner                                                                                                 Anggota
 PT Jasamarga Japek Selatan                                                                                                               Member

 Komisaris Utama | President Commissioner                                                                                                 Anggota
 PT Jasamarga Probolinggo Banyuwangi                                                                                                      Member

 Komisaris Utama | President Commissioner                                                                                                 Anggota
 PT Jasamarga Jogja Bawen                                                                                                                 Member

 Komisaris Utama | President Commissioner                                                                                                 Anggota
 PT Jasamarga Jogja Solo                                                                                                                  Member

 Komisaris Utama | President Commissioner                                                                                                 Anggota
 PT Jasamarga Akses Patimban                                                                                                              Member



Profil Komite Tata Kelola Terintegrasi                                            Integrated Governance Committee Profile

Profil anggota Komite Tata Kelola Terintegrasi dapat                             The profiles of the Integrated Governance Committee
dilihat pada bagian Profil Dewan Komisaris pada Bab Profil                       members are available in the Board of Commissioners Profile
Perusahaan dalam buku Laporan Tahunan ini.                                       section of the Company Profile chapter in this Annual Report.

Independensi Anggota Komite Tata Kelola                                          Independence of Integrated Governance
Terintegrasi                                                                     Committee Members

Sesuai dengan ketentuan dalam Peraturan Menteri Badan                            In accordance with the provisions of the Minister of State-
Usaha Milik Negara No. PER-3/MBU/03/2023, tanggal                                Owned Enterprises Regulation No. PER-3/MBU/03/2023, dated
24 Maret 2023, tentang Organ dan Sumber Daya Manusia                             March 24, 2023, on the Organization and Human Resources
Badan Usaha Milik Negara, seluruh anggota Komite Tata                            of State-Owned Enterprises, all members of the Integrated
Kelola Terintegrasi telah memenuhi persyaratan jumlah,                           Governance Committee have met the requirements for number,
komposisi, kriteria, kompetensi, dan independensi.                               composition, criteria, competence, and independence.

Tabel Independensi Komite Tata Kelola Terintegrasi
Table of Independence of Integrated Governance Committee Members

                                                                                                                    Seluruh Anggota Komite Tata
                                           Aspek Independensi                                                            Kelola Terintegrasi*
                                          Independency Aspect                                                       All Members of the Integrated
                                                                                                                       Governance Committee*

 Tidak memiliki hubungan keuangan dengan Dewan Komisaris.
 Has no financial relationship with the Board of Commissioners.

 Tidak memiliki hubungan kepengurusan di perusahaan, anak perusahaan, maupun perusahaan afiliasi.
 Has no management relationship in the company, subsidiaries, or affiliated companies.

 Tidak memiliki hubungan kepemilikan saham di perusahaan.
 Has no share ownership relationship in the company.

 Tidak memiliki hubungan kekeluargaan dengan Dewan Komisaris, Direksi, dan/atau sesama anggota
 Komite Audit.
 Has no familial relationship with the Board of Commissioners, Board of Directors, and/or fellow
 members of the Audit Committee.

 Tidak menjabat sebagai pengurus partai politik, pejabat, dan pemerintah.
 Does not serve as a political party official, government official, or public official.
 Keterangan/Notes:
 * Seluruh anggota Komite Tata Kelola Terintegrasi terdiri dari Seluruh Komisaris Induk dan Komisaris Utama Anak Perusahaan.
 * All members of the Integrated Governance Committee consist of all Commissioners of the Parent Company and President Commissioners of Subsidiaries.




654                                                                                   Laporan Tahunan 2025 Annual Report       PT Jasa Marga (Persero) Tbk
Page 655
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Sebagai bentuk penerapan prinsip independensi, Komite                 As a form of implementing the principle of independence,
Tata Kelola Terintegrasi menandatangani Surat Pernyataan              the Integrated Governance Committee signs a Statement of
Independensi. Surat pernyataan tersebut, memuat beberapa              Independence. The statement contains several important
pernyataan penting, antara lain bahwa Komite Tata Kelola              statements, including that the Jasa Marga Integrated
Terintegrasi Jasa Marga:                                              Governance Committee:
1. Tidak memiliki kepentingan/keterkaitan pribadi yang                1. Has no personal interests/connections that could have a
    dapat menimbulkan dampak negatif dan konflik                          negative impact or conflict of interest with the Company.
    kepentingan terhadap Perseroan.
2. Tidak memiliki saham Perseroan, baik langsung maupun               2. Does not own any shares in the Company, either directly
    tidak langsung.                                                      or indirectly.
3. Menjaga kerahasiaan dokumen, data, dan informasi                   3. Maintains the confidentiality of the Company’s documents,
    Perseroan, baik dari pihak internal maupun pihak                     data, and information, both from internal and external
    eksternal, dan hanya digunakan untuk kepentingan                     parties, and only uses them for the purposes of carrying
    pelaksanaan tugas Komite Tata Kelola Terintegrasi.                   out the duties of the Integrated Governance Committee.

Tugas dan Tanggung Jawab Komite Tata Kelola                           Integrated Governance Committee Duties and
Terintegrasi                                                          Responsibilities

Berdasarkan Piagam Komite Tata Kelola Terintegrasi PT Jasa            Based on the Integrated Governance Committee Charter
Marga (Persero) Tbk dan mengacu pada Peraturan Menteri                of PT Jasa Marga (Persero) Tbk and referring to the
Badan Usaha Milik Negara No. PER-3/MBU/03/2023, tanggal               Minister of State-Owned Enterprises Regulation No. PER-
24 Maret 2023, tentang Organ dan Sumber Daya Manusia                  3/MBU/03/2023, dated March 24, 2023, on Organs and
Badan Usaha Milik Negara. Komite Tata Kelola Terintegrasi             Human Resources of State-Owned Enterprises, the
bekerja secara kolektif dan bersifat independen dalam                 Integrated Governance Committee operates collectively and
pelaksanaan tugasnya maupun dalam pelaporan, serta                    independently in the performance of its duties and reporting,
bertanggung jawab langsung kepada Dewan Komisaris.                    and is directly accountable to the Board of Commissioners.

Adapun tugas Komite Tata Kelola Terintegrasi adalah                   The duties of the Integrated Governance Committee are as
sebagai berikut:                                                      follows:
1. Melakukan evaluasi kebijakan Tata Kelola Terintegrasi;             1. Conducting evaluations of Integrated Governance policies;
2. Melakukan       pemantauan        dan   evaluasi    atas           2. Monitoring and evaluating non-compliance with
   ketidaksesuaian kebijakan Tata Kelola Terintegrasi pada                 Integrated Governance policies at the parent SOE or
   BUMN lnduk atau Anak Perusahaan BUMN;                                   SOE subsidiaries;
3. Melakukan evaluasi pelaksanaan Tata Kelola Terintegrasi,           3. Evaluating the implementation of Integrated Governance,
   paling sedikit melalui penilaian kecukupan pengendalian                 at least through an assessment of the adequacy of
   internal dan pelaksanaan fungsi kepatuhan secara                        internal controls and the implementation of integrated
   terintegrasi;                                                           compliance functions;
4. Memberikan rekomendasi kepada Dewan Komisaris                      4. Providing recommendations to the Board of
   untuk penyempurnaan kebijakan Tata Kelola Terintegrasi;                 Commissioners for the improvement of Integrated
                                                                           Governance policies;
5. Melakukan komunikasi dengan unit kerja untuk fungsi                5. Communicating with work units for functions including
   antara lain Audit Intern, hukum dan kepatuhan, keuangan                 Internal Audit, Legal and Compliance, Finance and
   dan Manajemen Risiko, sumber daya manusia dan                           Risk Management, Human Resources, and other
   aspek fungsi operasional usaha yang diperlukan, untuk                   necessary operational aspects of the business to obtain
   memperoleh informasi, klarifikasi serta meminta laporan                 information, clarification, and request necessary reports
   yang diperlukan secara terintegrasi; dan                                in an integrated manner; and
6. Melaksanakan pemantauan dan evaluasi terhadap                      6. Monitoring and evaluating the implementation of other
   pelaksanaan fungsi Tata Kelola Terintegrasi lainnya sesuai              Integrated Governance functions in accordance with
   dengan ketentuan peraturan perundangundangan,                           the provisions of laws and regulations, the Articles of
   Anggaran Dasar, dan/atau Keputusan RUPS.                                Association, and/or GMS Resolutions.

Kewenangan                                                            Authorities

Dalam memberikan masukan dan evaluasi atas hasil                      In providing input and evaluation on the results of monitoring
pemantauan atau fungsi pengawasan Dewan Komisaris                     or supervisory functions of the Board of Commissioners of
Anak Perusahaan BUMN terkait:                                         SOE Subsidiaries related to:
1. Implementasi kebijakan Tata Kelola Terintegrasi.                   1. The implementation of Integrated Governance policies.
2. Rencana strategis Anak Perusahaan BUMN.                            2. The strategic plans of SOE Subsidiaries.
3. Investasi Anak Perusahaan BUMN.                                    3. Investments of SOE Subsidiaries.
4. Portofolio bisnis Anak Perusahaan BUMN.                            4. The business portfolio of SOE subsidiaries.
5. Kebijakan lain yang berdampak pada sinergi Konglomerasi            5. Other policies that impact the synergy of the PT Jasa
   PT Jasa Marga (Persero) Tbk.                                           Marga (Persero) Tbk conglomerate.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                            655
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01                           02                      03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen       Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report       Company Profile          Management Discussion and Analysis       Business Support Functions




Pengembangan Kompetensi                                                 Competency Development

Pengembangan kompetensi Komite Tata Kelola Terintegrasi                 The development of the Integrated Governance Committee’s
dapat dilihat pada bab Profil dalam buku Laporan Tahunan                competencies is available in the Company Profile chapter of
ini.                                                                    this Annual Report.

Kebijakan dan Besaran Remunerasi bagi Komite                            Integrated Governance Committee
Tata Kelola Terintegrasi                                                Remuneration Policy and Amount

Berdasarkan Peraturan Menteri Badan Usaha Milik Negara                  Based on the Minister of State-Owned Enterprises
No. PER-3/MBU/03/2023, tanggal 24 Maret 2023, tentang                   Regulation No. PER-3/MBU/03/2023, dated March 24, 2023,
Organ dan Sumber Daya Manusia Badan Usaha Milik                         on the Organization and Human Resources of State-Owned
Negara, Anggota Komite Tata Kelola Terintegrasi yang bukan              Enterprises, Integrated Governance Committee members
anggota Dewan Komisaris memperoleh remunerasi berupa                    who are not Board of Commissioners members receive
honorarium maksimal sebesar 20% dari gaji Direktur Utama.               remuneration in the form of an honorarium of up to 20% of
                                                                        the President Director’s salary.

Pelaksanaan Tugas Komite Tata Kelola                                    Implementation of Integrated Governance
Terintegrasi                                                            Committee Duties

Komite Tata Kelola Terintegrasi menjalankan fungsinya                   The Integrated Governance Committee performs its
secara kolektif dan independen sesuai Peraturan Menteri                 functions collectively and independently in accordance with
BUMN No. PER-3/MBU/03/2023 dengan fokus pada evaluasi                   Minister of State-Owned Enterprises Regulation No. PER-3/
kebijakan, pemantauan kepatuhan anak perusahaan,                        MBU/03/2023, focusing on policy evaluation, monitoring of
serta penilaian kecukupan pengendalian internal guna                    subsidiary compliance, and assessment of the adequacy of
memberikan rekomendasi penyempurnaan kepada Dewan                       internal controls in order to provide recommendations for
Komisaris. Dalam melaksanakan mandat tersebut, Komite                   improvement to the Board of Commissioners. In carrying
Tata Kelola Terintegrasi aktif menjalin komunikasi lintas               out this mandate, the Integrated Governance Committee
unit kerja untuk memastikan sinkronisasi berbagai aspek                 actively fosters communication across departments to
terintegrasi di seluruh lini perusahaan.                                ensure the synchronisation of various integrated aspects
                                                                        across all levels of the company.

Rapat Komite Tata Kelola Terintegrasi                                   Integrated Governance Committee Meetings

Komite Tata Kelola Terintegrasi secara fungsinya membantu               The Integrated Governance Committee assists the Board of
Dewan Komisaris. Komite Tata Kelola Terintegrasi juga                   Commissioners in its functions. The Integrated Governance
mengadakan dan/atau mengikuti rapat sebagai salah satu                  Committee also holds and/or attends meetings as part of its
wujud kerja. Adapun rapat-rapat yang diadakan dan/atau                  work. The meetings held and/or attended by the Integrated
diikuti oleh Komite Tata Kelola Terintegrasi di antaranya adalah:       Governance Committee include:
1. Rapat Komite Tata Kelola Terintegrasi;                               1. Integrated Governance Committee Meeting;
2. Rapat Koordinasi Komite;                                             2. Committee Coordination Meeting;
3. Rapat Dewan Komisaris; dan                                           3. Board of Commissioners Meeting; and
4. Rapat Koordinasi Dewan Komisaris-Direksi.                            4. Board of Commissioners-Management Coordination
                                                                           Meeting.

Sebagaimana termuat dalam Pedoman Tata Kelola                           As stipulated in the Integrated Governance Guidelines of
Terintegrasi Konglomerasi PT Jasa Marga (Persero) Tbk,                  PT Jasa Marga (Persero) Tbk, the Integrated Governance
Rapat Komite Tata Kelola Terintegrasi diadakan minimal 1                Committee Meeting is held at least once every 6 (six) months.
(satu) kali dalam 1 (satu) semester. Adapun pemanggilan                 The meeting shall be convened at least 5 (five) calendar days
rapat dilakukan sekurang-kurangnya 5 (lima) hari kalender               prior to the meeting date, containing information regarding
sebelum pelaksanaan, berisi informasi mengenai hari,                    the day, date, time, place, and agenda of the meeting. The
tanggal, jam, tempat, dan agenda rapat. Pelaksanaan atas                Integrated Governance Committee Meeting shall be chaired
Rapat Komite Tata Kelola Terintegrasi dipimpin oleh Ketua               by the Chair of the Integrated Governance Committee.
Komite Tata Kelola Terintegrasi.

Rapat Koordinasi Komite adalah Rapat yang dilakukan secara              The Committee Coordination Meeting is a meeting held
bersama-sama oleh Komite Tata Kelola Terintegrasi dengan                jointly by the Integrated Governance Committee and
jajaran Manajemen Jasa Marga Grup. Rapat Koordinasi                     the management of Jasa Marga Group. This Committee
Komite ini dilakukan sebagai bagian dari tugas Komite                   Coordination Meeting is held as part of the Integrated
Tata Kelola Terintegrasi untuk membantu Dewan Komisaris                 Governance Committee’s duties to assist the Board of
melakukan Fungsi Pengawasan dan juga memberikan Saran/                  Commissioners in performing its supervisory functions and to
Rekomendasi langsung ke pihak Manajemen Jasa Marga                      provide direct advice/recommendations to the management
Grup. Dengan adanya Rapat Koordinasi ini juga membangun                 of Jasa Marga Group. These Coordination Meetings also
hubungan komunikasi yang baik antara pihak Manajemen                    build good communication between the Management of Jasa
Jasa Marga Grup dengan Komite Tata Kelola Terintegrasi                  Marga Group and the Integrated Governance Committee.


656                                                                         Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 657
06                                  07                                        08
Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Rapat Koordinasi ini bisa diadakan serta diinisiasi oleh                        These Coordination Meetings can be held and initiated by
Komite Tata Kelola Terintegrasi atau bisa juga atas inisiatif                   the Integrated Governance Committee or at the initiative of
jajaran Manajemen, dan juga bisa dilakukan oleh inisiatif                       the Management, and can also be held at the initiative of
Komite lain atau secara bersama-sama dimana Komite Tata                         other Committees or jointly with the Integrated Governance
Kelola Terintegrasi hadir sebagai peserta.                                      Committee participating as an attendee.

Rapat Dewan Komisaris adalah Rapat Rutin Dewan Komisaris                        The Board of Commissioners Meeting is a routine meeting
dimana Komite Tata Kelola Terintegrasi diminta hadir untuk                      of the Board of Commissioners where the Integrated
memberi masukan dan menyampaikan laporan hasil telaah                           Governance Committee is asked to attend to provide input
ataupun memberi masukan dan pandangan.                                          and submit review reports or provide input and views.

Rapat Koordinasi Dewan Komisaris-Direksi adalah Rapat                           The Board of Commissioners-Management Coordination
Rutin Dewan Komisaris dengan Direksi yang membahas                              Meeting is a regular meeting of the Board of Commissioners
tentang suatu tema tertentu. Jika diperlukan Komite                             with the Management that discusses a specific theme. If
Tata Kelola Terintegrasi diminta hadir untuk memberi                            necessary, the Integrated Governance Committee is asked to
masukin dan menyampaikan laporan hasil telaah ataupun                           attend to provide input and submit review reports or provide
memberi masukan dan pandangan sebagai bagian dari                               input and views as part of the Board of Commissioners’
penugasan khusus Dewan Komisaris kepada Komite Tata                             special assignment to the Integrated Governance Committee.
Kelola Terintegrasi.

Rapat Khusus adalah Rapat yang dilakukan Dewan                                  Special Meetings are meetings held by the Board of
Komisaris yang membahas tentang tema tertentu di                                Commissioners to discuss specific topics outside of the
luar Rapat Rutin Dewan Komisaris dan Rapat Koordinasi                           Board of Commissioners’ Regular Meetings and the Board
Dewan Komisaris-Direksi. Jika diperlukan Komite Tata                            of Commissioners-Management Coordination Meetings.
Kelola Terintegrasi diminta hadir untuk memberi masukan                         If necessary, the Integrated Governance Committee is
dan menyampaikan laporan hasil telaah ataupun memberi                           requested to attend to provide input and submit review
masukan dan pandangan.                                                          reports or provide input and views.

Sepanjang tahun 2025, Komite Tata Kelola Terintegrasi telah                     Throughout 2025, the Integrated Governance Committee held
mengadakan 2 (dua) kali rapat yaitu Pada tanggal 31 Juli                        two meetings, namely On July 31, 2025, during a joint meeting
2025 dalam rapat Gabungan Direksi dan Dewan Komisaris                           of the Board of Directors and the Board of Commissioners
dengan agenda Pembahasan Hasil self assessment Tata                             with the agenda Discussion of the results of the Jasamarga
Kelola Terintegrasi Jasamarga Semester I Tahun 2025 pada                        Integrated Governance self-assessment for the first half of
tanggal 21 November 2025 dengan ageda yaitu:                                    2025 on November 21, 2025, with the following agenda:
1. Monitoring Pemenuhan atas Daftar Kewajiban Kepatuhan                         1. Monitoring of compliance with the Integrated
    Terintegrasi dalam Konglomerasi Jasa Marga Group;                               Compliance Obligations List within the Jasa Marga
                                                                                    Group conglomerate;
2. Evaluasi terhadap kebijakan dan pelaksanaan Tata                             2. Evaluation of the policies and implementation of
   Kelola Terintegrasi                                                              Integrated Governance

Seluruh rapat tersebut dihadiri oleh seluruh anggota Komite                     All meetings were attended by all members of the Integrated
Tata Kelola Terintegrasi, di mana tingkat kehadiran masing-                     Governance Committee, with an attendance rate of 100%
masing anggota adalah sebesar 100%. Saran/rekomendasi/                          for each member. The suggestions, recommendations and
tanggapan Komite Tata Kelola Terintegrasi dituangkan dalam                      feedback of the Integrated Governance Committee were
Notulensi Rapat Koordinasi/catatan diskusi.                                     recorded in the minutes of the Coordination Meeting/
                                                                                discussion notes.

Tabel Kehadiran Komite Tata Kelola Terintegrasi dalam Rapat Komite Tata Kelola Terintegrasi 2025
Table of Integrated Governance Committee’s Attendance at the 2025 Integrated Governance Committee Meetings

                                                                                     Seluruh Anggota Komite Tata Kelola Terintegrasi*
                                                                                   All Members of the Integrated Governance Committee*
 Jumlah Rapat Dalam Setahun
 Total Meetings in One Year

 Jumlah Rapat yang Wajib Dihadiri
 Total Mandatory Meetings

 Jumlah Rapat yang Dihadiri
 Total Attended Meetings

 Presentasi Kehadiran (%)
 Attendance Percentage (%)

 Rata-Rata (%)
 Average (%)
 Keterangan/Notes:
 * Seluruh anggota Komite Tata Kelola Terintegrasi terdiri dari Seluruh Komisaris Induk dan Komisaris Utama Anak Perusahaan.
 * All members of the Integrated Governance Committee consist of all Commissioners of the Parent Company and President Commissioners of Subsidiaries.



PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                                  657
Page 658
01                           02                    03                       04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen     Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report     Company Profile           Management Discussion and Analysis       Business Support Functions




Pemenuhan Key Performance Indicator (KPI)                             Fulfillment of Integrated Governance Committee
Komite Tata Kelola Terintegrasi                                       Key Performance Indicators (KPIs)

Pada tahun 2025, Komite Tata Kelola Terintegrasi                      In 2025, the Integrated Governance Committee is
berkomitmen untuk menjalankan perannya secara optimal                 committed to optimally performing its role in supporting
dalam mendukung penguatan tata kelola di lingkungan                   the strengthening of governance within the Company
Perseroan, melalui mekanisme pengawasan yang efektif.                 through effective oversight mechanisms. The fulfillment
Pemenuhan Key Performance Indicator (KPI) Komite                      of the Committee’s Key Performance Indicators (KPIs) is
difokuskan pada peningkatan efektivitas pemantauan                    focused on improving the effectiveness of monitoring the
implementasi kebijakan tata kelola, evaluasi terhadap                 implementation of governance policies, evaluating the
strategi dan investasi anak perusahaan, serta penguatan               strategies and investments of subsidiaries, and strengthening
sinergi dalam konglomerasi Perseroan. Melalui pelaksanaan             synergies within the Company’s conglomerate. Through
rapat berkala, pemberian rekomendasi strategis, serta                 regular meetings, strategic recommendations, and intensive
koordinasi yang intensif dengan Dewan Komisaris dan                   coordination with the Board of Commissioners and Directors,
Direksi, Komite memastikan tercapainya tujuan tata kelola             the Committee ensures the achievement of governance
yang selaras dengan visi dan strategi Perseroan, serta                objectives that are aligned with the Company’s vision and
memberikan kontribusi nyata terhadap keberlanjutan dan                strategy, and makes a tangible contribution to the Company’s
daya saing Perseroan di industri.                                     sustainability and competitiveness in the industry.

Rencana Kerja Komite Tata Kelola Terintegrasi                         Integrated Governance Committee Work Plan for
Tahun 2026                                                            2026

Komite Tata Kelola Terintegrasi (KTKT) bertugas membantu              The Integrated Governance Committee (KTKT) is tasked
pelaksanaan tugas Dewan Komisaris dalam melakukan                     with assisting the Board of Commissioners in carrying out its
pengawasan atas penerapan tata kelola terintegrasi dalam              supervisory function over the implementation of integrated
lingkup PT Jasa Marga (Persero) Tbk. Pada tahun 2026,                 governance within PT Jasa Marga (Persero) Tbk. In 2026,
KTKT merencanakan kegiatan sebagai berikut:                           KTKT plans to undertake the following activities:
1. Rapat dengan Sekretariat Perusahaan dan atau unit                  1. Conduct meetings with the Corporate Secretary and/
    kerja terkait membahas pemantauan dan evaluasi                        or relevant work units to discuss the monitoring and
    pelaksanaan tata kelola terintegrasi;                                 evaluation of integrated governance implementation;
2. Rapat triwulanan Komite Tata Kelola Terintegrasi;                  2. Hold quarterly meetings of the Integrated Governance
                                                                          Committee;
3. Melakukan evaluasi Pedoman Tata Kelola Terintegrasi;               3. Evaluate the Integrated Governance Guidelines;
4. Melakukan pemantauan dan evaluasi atas kesesuaian                  4. Monitor and evaluate the alignment of Integrated
    Pedoman Tata Kelola Terintegrasi Holding dan/atau                     Governance Guidelines at the Holding and/or Subsidiary
    Anak Perusahaan;                                                      levels;
5. Melakukan evaluasi pelaksanaan tata kelola terintegrasi,           5. Evaluate the implementation of integrated governance,
    paling sedikit melalui penilaian kecukupan pengendalian               at a minimum through the assessment of the adequacy
    internal dan pelaksanaan fungsi kepatuhan secara                      of internal controls and the execution of compliance
    terintegrasi;                                                         functions in an integrated manner;
6. Memberikan rekomendasi kepada Dewan Komisaris                      6. Provide       recommendations       to    the     Board     of
    untuk kemudian Dewan Komisaris memberikan                             Commissioners, which will subsequently issue directives
    arahannya kepada Direksi untuk penyempurnaan                          to the Board of Directors for the improvement of the
    Pedoman Tata Kelola Terintegrasi;                                     Integrated Governance Guidelines;
7. Melakukan komunikasi dengan unit kerja untuk fungsi                7. Communicate with relevant work units, including internal
    antara lain audit internal, hukum dan kepatuhan,                      audit, legal and compliance, finance, risk management,
    keuangan, manajemen risiko, sumber daya manusia, dan                  human resources, and other operational functions as
    aspek fungsi operasional usaha yang diperlukan, untuk                 necessary, to obtain information, clarification, and
    memperoleh informasi, klarifikasi serta meminta laporan               required reports in an integrated manner through the
    yang diperlukan secara terintegrasi melalui Direksi;                  Board of Directors;
8. Melaksanakan pemantauan dan evaluasi terhadap                      8. Monitor and evaluate the implementation of other
    pelaksanaan fungsi tata kelola terintegrasi lainnya sesuai            integrated governance functions in accordance with
    dengan ketentuan peraturan perundang-undangan,                        prevailing laws and regulations, the Articles of Association,
    anggaran dasar dan/atau keputusan RUPS/Menteri                        and/or resolutions of the General Meeting of Shareholders
    BUMN; dan                                                             (GMS)/Minister of State-Owned Enterprises;
9. Melakukan identifikasi hal-hal yang memerlukan                     9. Identify matters requiring the attention of the Board of
    perhatian Dewan Komisaris serta tugas- tugas Dewan                    Commissioners, as well as other duties of the Board of
    Komisaris lainnya; dan                                                Commissioners; and
10. Menjalankan wewenang, tugas, dan tanggung jawab                   10. Perform other authorities, duties, and responsibilities
    lain yang terkait dengan fungsinya dari Dewan Komisaris               related to its function as assigned by the Board of
    sesuai dengan peraturan perundangan-undangan.                         Commissioners in accordance with applicable laws and
                                                                          regulations.




658                                                                        Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 659
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Sekretaris Dewan Komisaris                                            Secretary to the Board of Commissioners
Dewan Komisaris memiliki seorang Sekretaris Dewan                     The Board of Commissioners has a Secretary to the
Komisaris    untuk      mendukung   pelaksanaan   tugas               Board of Commissioners to support the implementation
kesekretariatan     Dewan    Komisaris   yang   struktur              of the secretarial duties of the Board of Commissioners,
organisasinya ditetapkan berdasarkan Surat Keputusan                  whose organizational structure is stipulated in the Board
Dewan Komisaris No. KEP-048/V/2015 tanggal 25 Februari                of Commissioners Decree No. KEP-048/V/2015 dated
2015 tentang Penetapan Sekretariat Dewan Komisaris                    February 25, 2015, on the Establishment of the Secretariat
PT Jasa Marga (Persero) Tbk. Susunan Sekretariat Dewan                of the Board of Commissioners of PT Jasa Marga (Persero)
Komisaris terdiri dari:                                               Tbk. The composition of the Secretariat of the Board of
                                                                      Commissioners consists of:
1. Sekretaris Dewan Komisaris;                                        1. Secretary to the Board of Commissioners;
2. Staf Urusan GCG dan Penyelenggaraan Rapat Dewan                    2. Staff for GCG and Board of Commissioners Meeting
   Komisaris, membawahi Staf Sekretariat yang terdiri dari:               Administration, overseeing the Secretariat Staff, which
                                                                          includes:
   a. Notulis Rapat;                                                      a. Meeting Minutes Clerk;
   b. Administrasi Rapat; dan                                             b. Meeting Administration; and
   c. Administrasi GCG.                                                   c. GCG Administration.
3. Staf Urusan Tata Usaha dan Administrasi Persuratan,                3. Administrative and Correspondence Staff, overseeing
   membawahi Staf Sekretariat yang terdiri dari:                          the Secretariat Staff consisting of:
   a. Staf Urusan Administrasi Persuratan; dan                            a. Correspondence Administration Staff; dan
   b. Staf Administrasi Tata Usaha.                                       b. Administrative Affairs Staff.

Ketentuan Masa Jabatan                                                Term of Office

Masa jabatan Sekretaris Dewan Komisaris dan Staf                      The term of office of the Secretary to the Board of
Sekretariat Dewan Komisaris ditetapkan oleh Dewan                     Commissioners and the Board of Commissioners Secretariat
Komisaris maksimal 3 (tiga) tahun dan dapat diangkat kembali          Staff is determined by the Board of Commissioners for a
untuk paling lama 2 (dua) tahun dengan tidak mengurangi               maximum of 3 (three) years and may be reappointed for a
hak Dewan Komisaris untuk memberhentikannya sewaktu-                  maximum of 2 (two) years without prejudice to the Board of
waktu.                                                                Commissioners’ right to dismiss them at any time.

Profil Sekretaris Dewan Komisaris                                      Profile of the Secretary to the Board of
                                                                      Commissioners

Profil Sekretaris Dewan Komisaris dapat dilihat pada bagian           The profile of the Secretary to the Board of Commissioners is
Profil Sekretaris Dewan Komisaris di Bab Profil Perusahaan            available in the Secretary to the Board of Commissioners Profile
dalam buku Laporan Tahunan ini.                                       section at the Company Profile Chapter of this Annual Report.

Tugas dan Tanggung Jawab                                              Duties and Responsibilities

Tugas Sekretaris Dewan Komisaris adalah untuk membantu                The duties of the Secretary to the Board of Commissioners
Dewan Komisaris dalam menjalankan fungsi pengawasan                   are to assist the Board of Commissioners in carrying out its
Dewan Komisaris. Secara rinci fungsi dan tugas Sekretaris             supervisory functions. The detailed functions and duties are
Dewan Komisaris sebagai berikut:                                      as follows:
1. Bertanggung jawab tersusunnya program kerja agenda                 1. Responsible for preparing the annual work program
   tahunan kegiatan Dewan Komisaris untuk diputuskan dan                  agenda for the Board of Commissioners to be decided
   ditetapkan oleh Dewan Komisaris, sebelum dimulainya                    and determined by the Board before the start of the new
   tahun anggaran baru.                                                   fiscal year.
2. Bertanggung jawab terselenggaranya rapat, pengendalian             2. Responsible for organizing meetings, controlling
   rapat agar sesuai dengan kebutuhan urgensi Korporat,                   meetings to suit the urgent needs of the Corporation,
   termasuk bahan rapat (briefing sheet) untuk rapat Dewan                including briefing sheets for Board of Commissioners
   Komisaris dan atau rapat koordinasi Dewan Komisaris-                   meetings and/or Board of Commissioners-Board of
   Direksi, maupun rapat dengan pihak-pihak terkait                       Directors coordination meetings, as well as meetings
   (stakeholder) lainnya.                                                 with other stakeholders.
3. Menghadiri seluruh rapat-rapat Dewan Komisaris,                    3. Attending all Board of Commissioners meetings, except
   kecuali rapat khusus yang hanya boleh dihadiri oleh                    for special meetings that may only be attended by
   anggota Dewan Komisaris dan atau Direksi.                              members of the Board of Commissioners and/or the
                                                                          Board of Directors.
4. Bertanggung jawab tersusunnya risalah rapat Dewan                  4. Responsible for compiling the minutes of Board of
   Komisaris dan rapat koordinasi Dewan Komisaris-Direksi,                Commissioners meetings and Board of Commissioners-
   termasuk rapat khusus Dewan Komisaris dan/atau rapat                   Board of Directors coordination meetings, including
   koordinasi Dewan Komisaris-Direksi.                                    special Board of Commissioners meetings and/or Board
                                                                          of Commissioners-Board of Directors coordination
                                                                          meetings.


PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                              659
Page 660
01                           02                   03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen    Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report    Company Profile          Management Discussion and Analysis       Business Support Functions




5. Bertanggung jawab teradministrasikannya dokumen                   5. Responsible for the administration of Board of
   Dewan Komisaris baik surat masuk, surat keluar, risalah              Commissioners documents, including incoming and
   rapat maupun dokumen lainnya.                                        outgoing correspondence, meeting minutes, and other
                                                                        documents.
6. Bertanggung jawab tersusunnya Laporan Matrik Tindak               6. Responsible for compiling the Quarterly and/or Annual
    Lanjut Keputusan Rapat Dewan Komisaris Triwulanan                   Follow-up Report on Board of Commissioners Meeting
    dan/atau Tahunan, pemantauan dan evaluasinya untuk                  Decisions, monitoring and evaluating them, and reporting
    dilaporkan hasilnya dalam rapat Dewan Komisaris.                    the results at Board of Commissioners meetings.
7. Bertanggung jawab tersusun dan terkirimkannya surat-              7. Responsible for the preparation and delivery of
    surat Dewan Komisaris, baik surat keputusan Dewan                   Board of Commissioners’ letters, including Board of
    Komisaris, maupun surat lainnya kepada Direksi dan atau             Commissioners’ decrees and other letters to the Board
    kepada pihak lain yang terkait.                                     of Directors and/or other related parties.
8. Bertanggung jawab tersusunnya Rancangan Rencana                   8. Responsible for preparing the Annual Activity Plan
    Kegiatan dan Anggaran Tahunan Dewan Komisaris                       and Budget Draft of the Board of Commissioners and
    dan disampaikan kepada Dewan Komisaris tepat pada                   submitting it to the Board of Commissioners on time for
    waktunya untuk dibahas dan mendapatkan persetujuan                  discussion, approval, and adoption.
    dan penetapannya.
9. Bertanggung jawab memantau dan mendorong kepastian                9. Responsible for monitoring and ensuring that the letters
    bahwa surat dan/atau aksi pengawasan Dewan Komisaris                 and/or supervisory actions of the Board of Commissioners
    telah sesuai dan/atau mematuhi ketentuan peraturan                   are in accordance with and/or comply with applicable
    perundang-undangan yang berlaku, serta menerapkan                    laws and regulations, as well as implementing the
    prinsip-prinsip Good Corporate Governance.                           principles of Good Corporate Governance.
10. Bertanggung jawab menyediakan semua dokumen,                     10. Responsible for providing all documents, information,
    informasi dan klarifikasi yang diminta oleh Konsultan                and clarifications requested by the Independent
    Independen Penilai Penerapan Prinsip-prinsip Tata                    Consultant Assessing the Good Corporate Governance
    Kelola Perusahaan yang Baik di lingkungan Dewan                      Principles Application within the Board of Commissioners
    Komisaris PT Jasa Marga (Persero) Tbk yang penunjukan                of PT Jasa Marga (Persero) Tbk, whose appointment
    konsultan tersebut menjadi wewenang Dewan Komisaris.                 is the authority of the Board of Commissioners. The
    Laporan Hasil Penilaian Konsultan disampaikan dan                    Consultant’s Assessment Report is submitted and
    dilaporkan/dibahas dalam rapat Dewan Komisaris,                      reported/discussed at Board of Commissioners meetings,
    serta mencatat masukan, arahan dan rekomendasi                       and records input, directions, and recommendations
    dari Anggota Dewan Komisaris, untuk dipergunakan                     from Board of Commissioners members, to be used to
    meningkatkan kepatuhan Dewan Komisaris dalam                         improve the Board of Commissioners’ compliance in
    tahun-tahun berikutnya.                                              subsequent years.
11. Bertanggung jawab tersusunnya usulan Indikator Kinerja           11. Responsible for compiling proposals for the Board of
    Kunci Tahunan Dewan Komisaris yang mengacu pada                      Commissioners’ Annual Key Performance Indicators,
    kriteria dan indikator kinerja Dewan Komisaris yang                  which refer to the criteria and performance indicators of
    ditetapkan dalam Ketentuan Peraturan BP BUMN, serta                  the Board of Commissioners as stipulated in the Ministry
    memperhatikan hasil evaluasi pencapaian indikator                    of SOE Regulations, as well as considering the evaluation
    kinerja kunci Dewan Komisaris tahun yang lampau dan                  results of the Board of Commissioners’ key performance
    mengantisipasi kebutuhan fokus pengawasan atas                       indicators for the previous year and anticipating the need
    pengelolaan Perseroan kini dan yang akan datang.                     for focused supervision of the Company management now
    Usulan indikator kinerja kunci Dewan Komisaris tersebut              and in the future. The proposed key performance indicators
    kemudian dibahas, dikaji dan ditetapkan oleh Dewan                   of the Board of Commissioners are then discussed,
    Komisaris.                                                           reviewed, and determined by the Board of Commissioners.
12. Mengkoordinasi penyiapan dan penyusunan laporan-                 12. Coordinate the preparation and compilation of Board
    laporan Dewan Komisaris seperti laporan tahunan Dewan                of Commissioners reports, such as the Board of
    Komisaris, termasuk Laporan Pelaksanaan Pengawasan                   Commissioners’ annual report, including the Board of
    Dewan Komisaris (Tahun Buku sebelumnya) untuk                        Commissioners’ Supervision Implementation Report (for
    dipertanggungjawabkan dalam RUPS dan tersusunnya                     the previous fiscal year) to be accounted for at the GMS,
    laporan self-assessment penilaian kinerja tahunan                    and the compilation of the Board of Commissioners’
    Dewan Komisaris dan laporan lainnya.                                 annual performance assessment self-assessment report
                                                                         and other reports.
13. Menyiapkan dan menyusun konsep Laporan Pelaksanaan               13. Preparing and compiling the concept of the Implementation
    Hasil Penilaian Kinerja Tahunan Dewan Komisaris yang                 of the Annual Performance Assessment Report of the
    dilakukan secara self-assessment dan melaporkan hasil                Board of Commissioners, which is conducted through
    penilaian kepada Dewan Komisaris untuk dibahas dan                   self-assessment, and reporting the assessment results
    diklarifikasi, serta disepakati untuk diterbitkan sebagai            to the Board for discussion and clarification, as well as
    Laporan Penilaian Kinerja Dewan Komisaris (Tahun Buku                agreeing to publish it as the Board of Commissioners’
    Berjalan).                                                           Performance Assessment Report (Current Fiscal Year).
14. Melakukan koordinasi dengan anggota Komite-komite                14. Coordinating with members of the Board of
    Dewan Komisaris dalam rangka memperlancar tugas                      Commissioners’ Committees to facilitate the duties of
    Dewan Komisaris.                                                     the Board of Commissioners.




660                                                                       Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 661
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




15. Melakukan koordinasi dan evaluasi atas tersedianya                15. Coordinate and evaluate the availability of information
    data informasi yang diperlukan oleh Dewan Komisaris                   data required by the Board of Commissioners regularly
    secara berkala dan atau sewaktu-waktu apabila diminta.                and/or from time to time when requested.
16. Melakukan koordinasi dengan anggota Komite-komite                 16. Coordinate with members of the Board of Commissioners’
    Dewan Komisaris dalam rangka memperlancar tugas                       Committees to facilitate the duties of the Board of
    Dewan Komisaris.                                                      Commissioners.
17. Melakukan koordinasi dengan Corporate Secretary                   17. Coordinate with the Corporate Secretary to facilitate
    dalam rangka memperlancar pelaksanaan tugas                           the implementation of the duties and obligations of the
    dan kewajiban Dewan Komisaris dan Direksi dalam                       Board of Commissioners and the Board of Directors in
    pelaksanaan     tugasnya     masing-masing      dalam                 carrying out their respective duties in the management
    pengelolaan dan pengembangan Perseroan serta dalam                    and development of the Company, as well as in
    pengawasan dan pemberian nasihat.                                     supervision and provision of advice.

Pengembangan Kompetensi                                               Competency Development

Program pengembangan kompetensi Sekretaris Dewan                      The competency development program for the Secretary
Komisaris dapat dilihat di bagian Pendidikan dan/atau                 to the Board of Commissioners is available in the Education
Pelatihan pada Bab Profil Perusahaan dalam buku Laporan               and/or Training section at the Company Profile chapter of
Tahunan ini.                                                          this Annual Report.

Kebijakan dan Besaran Remunerasi                                      Remuneration Policy and Amount

Berdasarkan Peraturan Menteri Badan Usaha Milik Negara                Pursuant to the Minister of State-Owned Enterprises
No. PER-3/MBU/03/2023, tanggal 24 Maret 2023, tentang                 Regulation No. PER-3/MBU/03/2023, dated March 24, 2023,
Organ dan Sumber Daya Manusia Badan Usaha Milik Negara,               on the Organization and Human Resources of State-Owned
Sekretaris Dewan Komisaris memperoleh remunerasi berupa               Enterprises, the Secretary to the Board of Commissioners
15% dari gaji Direktur Utama.                                         receives remuneration in the form of 15% of the President
                                                                      Director’s salary.

Pelaksanaan Tugas Tahun 2025                                          Implementation of Duties in 2025

Pada tahun 2025 Sekretariat Dewan Komisaris telah                     In 2025, the Board of Commissioners’ Secretariat carried
melaksanakan tugas dan perannya dalam mendukung                       out its duties and roles in supporting the Board of
Dewan Komisaris dalam menjalankan fungsi pengawasan                   Commissioners in performing its supervisory and advisory
dan pemberian nasehat. Secara umum, seluruh tugas                     functions. In general, all duties of the Secretary to the Board
Sekretaris Dewan Komisaris selama tahun 2024 telah                    of Commissioners during 2025 were executed in accordance
dilaksanakan sesuai target-target yang ditetapkan. Tugas-             with the established targets. The key duties performed by
tugas pokok Sekretaris Dewan Komisaris yang telah                     the Secretary to the Board of Commissioners throughout
dilaksanakan sepanjang tahun 2025 yaitu sebagai berikut:              2025 are as follows:
1. Penyusunan Program Kerja Tahunan Dewan Komisaris                   1. Preparation of the Annual Work Program of the Board of
    Tahun 2025 dengan Agenda Rapat per Bulan secara                       Commissioners for 2025, including the Monthly Meeting
    tepat pada waktu yang ditargetkan.                                    Agenda, completed in a timely manner;
2. Penyusunan Indikator Kinerja Kunci Dewan Komisaris                 2. Formulation of the Key Performance Indicators (KPI) of
    (KPI) untuk dipergunakan menilai pencapaian kinerja                   the Board of Commissioners to assess the performance
    Dewan Komisaris dalam menjalankan pelaksanaan tugas                   achievements of the Board in executing its supervisory
    pengawasan dan pemberian saran dan/rekomendasi                        duties and in providing advice and/or recommendations
    kepada Direksi dalam menjalankan dan mengembangkan                    to the Board of Directors in managing and developing
    bisnis jalan tol.                                                     the toll road business;
3. Bersama-sama Corporate Secretary and Chief                         3. In coordination with the Corporate Secretary and
    Administration Officer melakukan persiapan untuk                      Chief Administration Officer, preparation for the 2025
    penyelenggaraan RUPS di tahun 2025, di antaranya                      General Meeting of Shareholders (GMS), including the
    penerbitan Surat Keputusan Dewan Komisaris tentang                    issuance of a Board of Commissioners’ Resolution on the
    penunjukan Komisaris Utama sebagai Pemimpin RUPS,                     appointment of the President Commissioner as the Chair
    Laporan Pelaksanaan Tugas Pengawasan Dewan                            of the GMS, and the Supervisory Report of the Board of
    Komisaris Tahun Buku 2024 untuk disampaikan dan                       Commissioners for Fiscal Year 2024 to be presented and
    dipertanggungjawabkan dalam RUPS.                                     accounted for at the GMS;
4. Penyelenggaraan rapat Dewan Komisaris dan rapat                    4. Organization of Board of Commissioners’ meetings
    koordinasi Dewan Komisaris dengan Direksi, serta                      and coordination meetings between the Board of
    kunjungan kerja Dewan Komisaris ke lapangan (proyek                   Commissioners and the Board of Directors, as well as
    jalan tol baru, kantor-kantor Regional dan/ atau Anak                 working visits of the Board of Commissioners to project
    Perusahaan).                                                          sites (new toll road projects, Regional offices, and/or
                                                                          Subsidiaries);




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                              661
Page 662
01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




5. Penyusunan risalah rapat gabungan Direksi-Dewan                  5. Preparation of minutes of joint meetings between the
   Komisaris untuk disampaikan kepada Corporate                         Board of Directors and the Board of Commissioners,
   Secretary and Chief Administration Officer dan                       submission thereof to the Corporate Secretary and
   menyimpan secara baik salinan risalah rapat tersebut.                Chief Administration Officer, and proper safekeeping of
                                                                        such minutes;
6. Penyusunan Rancangan Rencana Kegiatan dan Anggaran               6. Preparation of the draft Work Plan and Budget (RKA) of
   (RKA) Dewan Komisaris.                                               the Board of Commissioners;
7. Penyusunan dan penyampaian surat-surat dan/atau                  7. Preparation and timely submission of correspondence
   dokumen yang diperlukan Dewan Komisaris kepada                       and/or documents required by the Board of
   pihak yang bersangkutan pada waktunya.                               Commissioners to the relevant parties;
8. Penyusunan draft Laporan Tahunan Perseroan Tahun                 8. Preparation of the draft Annual Report of the Company
   2025 untuk bagian Dewan Komisaris.                                   for 2025, specifically for the Board of Commissioners
                                                                        section;
9. Penyusunan Keputusan Dewan Komisaris yang terkait                9. Preparation of Board of Commissioners’ Resolutions
    dengan pelaksanaan fungsi Dewan Komisaris.                          related to the execution of the Board’s functions;
10. Mengoordinasikan kegiatan yang melibatkan Komite                10. Coordination of activities involving the Committees
    Dewan Komisaris.                                                    under the Board of Commissioners; and
11. Melaksanakan tugas lainnya dari Dewan Komisaris.                11. Execution of other duties as assigned by the Board of
                                                                        Commissioners.

Rencana Kerja Tahun 2026                                            Work Plan for 2026

Sekretariat Dewan Komisaris bertugas memberikan                     The Board of Commissioners’ Secretariat is responsible
dukungan teknis dan administratif kepada Dewan Komisaris            for providing technical and administrative support to the
dalam pelaksanaan fungsi pengawasan dan pemberian                   Board of Commissioners in carrying out its supervisory
nasihat. Pada tahun 2026, Sekretariat Dewan Komisaris               and advisory functions. In 2026, the Secretariat plans to
merencanakan kegiatan sebagai berikut:                              undertake the following activities:
1. Mempersiapkan rapat Dewan Komisaris, rapat Direksi-              1. Prepare meetings of the Board of Commissioners and
    Dewan Komisaris;                                                    joint meetings between the Board of Directors and the
                                                                        Board of Commissioners;
2. Menyusun risalah rapat rapat Dewan Komisaris, rapat              2. Prepare minutes of meetings of the Board of
   Direksi-Dewan Komisaris;                                             Commissioners and joint meetings between the Board
                                                                        of Directors and the Board of Commissioners;
3. Mengadministrasikan dokumen Dewan Komisaris;                     3. Administer documents of the Board of Commissioners;
4. Menyusun rencana kerja dan anggaran Dewan Komisaris;             4. Prepare the work plan and budget of the Board of
                                                                        Commissioners;
5. Menyusun laporan-laporan Dewan Komisaris;                        5. Prepare reports of the Board of Commissioners;
6. Melaksanakan fungsi penghubung (liaison officer)                 6. Perform liaison functions between the Board of
   Dewan Komisaris dengan pihak lain.                                   Commissioners and other parties;
7. Melaksanakan tugas lain dari Dewan Komisaris.                    7. Carry out other duties assigned by the Board of
                                                                        Commissioners;
8. Melakukan identifikasi hal-hal yang memerlukan                   8. Identify matters requiring the attention of the Board of
   perhatian Dewan Komisaris serta tugas-tugas Dewan                    Commissioners, as well as other duties of the Board of
   Komisaris lainnya; dan                                               Commissioners; and
9. Menjalankan wewenang, tugas, dan tanggung jawab                  9. Perform other authorities, duties, and responsibilities
   lain yang terkait dengan fungsinya dari Dewan Komisaris              related to its function as assigned by the Board of
   sesuai dengan peraturan perundangan-undangan.                        Commissioners in accordance with applicable laws and
                                                                        regulations.




662                                                                     Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 663
06                                 07                                               08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan                 Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility                  Reference of POJK, SEOJK, and ARA Criteria




Organ dan Komite di Bawah Direksi
Organs and Committees under the Board of Directors

Dalam menjalankan tugasnya, Direksi dibantu oleh Organ                                 In carrying out its duties, the Board of Directors is assisted
dan Komite di bawah Direksi, yaitu Komite Manajemen Risiko,                            by Organs and Committees under the Board of Directors,
Komite Pengarah Teknologi Informasi, Komite Sustainability,                            namely the Risk Management Committee, the Information
Corporate Secretary, dan Internal Audit.                                               Technology Steering Committee, Sustainability Committee,
                                                                                       the Corporate Secretary, and Internal Audit.


Komite Manajemen Risiko                                                                Risk Management Committee
Komite Manajemen Risiko adalah suatu forum dengan                                      The Risk Management Committee is a forum with the primary
fungsi pokok untuk pengambilan keputusan terkait dengan                                function of making decisions related to Risk Management
kebijakan, strategi dan program Manajemen Risiko,                                      policies, strategies, and programs, providing guidance
pengarahan untuk meningkatkan efektivitas Manajemen                                    to improve the effectiveness of Risk Management, and
Risiko, hasil audit internal atau evaluasi lainnya terhadap                            reviewing the results of internal audits or other evaluations
proses Manajemen Risiko. Komite ini diketuai oleh Direktur                             of the Risk Management process. This committee is chaired
Utama dengan Direktur Keuangan dan Manajemen                                           by the President Director with the Director of Finance and
Risiko sebagai sekretaris sesuai Surat Keputusan Direksi                               Risk Management as secretary, per the Board of Directors
PT Jasa Marga (Persero) Tbk No. 115/KPTS/2022 Tentang                                  Decree of PT Jasa Marga (Persero) Tbk No. 115/KPTS/2022
Pembentukan Komite Manajemen Risiko dan Tim Sekretariat                                on the Establishment of the Risk Management Committee
Komite Manajemen Risiko PT Jasa Marga (Persero) Tbk.                                   and the Secretariat Team of the Risk Management
                                                                                       Committee of PT Jasa Marga (Persero) Tbk.

Kedudukan Komite Manajemen Risiko dalam                                                Risk Management Committee’s Position in
Struktur Tata Kelola                                                                   Corporate Governance Structure

Dalam struktur Tata Kelola Perusahaan, Komite Manajemen                                Within the Company’s Governance Structure, the Risk
Risiko beranggotakan para Direksi dan Internal Audit Senior                            Management Committee consists of the Board of Directors
Group Head dan langsung bertanggung jawab kepada                                       and the Senior Group Head of Internal Audit and reports
Direktur Utama.                                                                        directly to the President Director.

                              Bagan Kedudukan Komite Manajemen Risiko dalam Struktur Organisasi Perseroan
                              Chart of Risk Management Committee’s Position in Corporate Governance Structure


                                                                           Ketua Komite
                                                                         Head of Committee




                                                                            Direktur Utama
                                                                           President Director




                                                                                   Direktorat                                   Direktorat Human
     Anggota Komite                                                                                     Direktorat Operasi                         Direktorat Keuangan
                                                                                 Pengembangan                                       Capital &
       Independen                                    Direktorat Bisnis                                     dan Layanan                                dan Manajemen
                                Direktorat Utama                                      Usaha                                       Transformasi
   Member of Independent                              Directorate of                                       Directorate of                                  Risiko
                                Main Directorate                                   Directorate                                    Directorate of
        Committee                                        Business                                         Operations and                           Directorate of Finance
                                                                                   of Business                                   Human Capital &
                                                                                                              Services                             and Risk Management
     Internal Audit Senior                                                        Development                                    Transformation
          Group Head


                                                                                                                                                    Sekretaris Komite:
                                                                                                                                                       Committee
                                                                                                                                                       Secretariat:
                                                                                                                                Anggota Komite:
                                                                                 Anggota Komite:                                                    Direktur Keuangan
                                Anggota Komite:                                                          Anggota Komite:          Member of
                                                                                   Member of                                                         dan Manajemen
                                  Member of          Anggota Komite:                                       Member of              Committee:
                                                                                   Committee:                                                              Risiko
                                  Committee:           Member of                                           Committee:
                                                                                                                                Direktur Human      Director of Finance
                                                       Committee:                     Direktur
                                   Corporate                                                           Direktur Operasi dan        Capital &       and Risk Management
                                                                                  Pengembangan
                                Secretary & Chief      Direktur Bisnis                                        Layanan            Transformasi
                                                                                       Usaha                                                         Wakil Sekretaris
                                 Administration     Director of Business                               Director of Operations      Director of
                                                                                Director of Business                                                     Komite
                                     Office                                                                 and Services        Human Capital &
                                                                                    Development                                                     Deputy Committee
                                                                                                                                Transformation
                                                                                                                                                       Secretariat
                                                                                                                                                     RQM Group Head
                                                                                                                                                     RQM Group Head




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                                             663
Page 664
01                           02                     03                       04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen      Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report      Company Profile           Management Discussion and Analysis       Business Support Functions




Fungsi Komite Manajemen Risiko                                         Functions of the Risk Management Committee

1.   Menetapkan konteks risiko strategis berupa:                       1.   Establishing the strategic risk context in the form of:
     a. Menetapkan sumber risiko-risiko eksternal strategis;                a. Identifying sources of strategic external risks; and
         dan
     b. Menetapkan sumber risiko-risiko internal strategis.               b. Identifying sources of strategic internal risks.
2.   Menetapkan Kebijakan dan Strategi Sistem Manajemen                2. Establishing comprehensive Risk Management System
     Risiko secara Komprehensif.                                          Policies and Strategies.
3.   Menetapkan Pedoman Sistem Manajemen Risiko.                       3. Establishing Risk Management System Guidelines.
4.   Menetapkan Kriteria Risiko Strategis berupa:                      4. Establishing Strategic Risk Criteria in the form of:
     a. Menetapkan jenis risiko;                                          a. Identifying risk types;
     b. Menetapkan atribut dan sub atribut risiko;                        b. Defining risk attributes and sub-attributes;
     c. Menetapkan sifat risiko;                                          c. Establishing risk characteristics;
     d. Menetapkan selera risiko (risk appetite); dan                     d. Establishing risk appetite; and
     e. Menetapkan batas dan toleransi risiko (risk tolerance).           e. Establishing risk limits and tolerance.
5.   Melakukan Asesmen Risiko dengan tahapan sebagai                   5. Conducting a Risk Assessment with the following stages:
     berikut:
     a. Proses analisa risiko strategis berupa membuat                    a. The strategic risk analysis process involves preparing
         laporan analisa tingkat risiko strategis Ekstrim,                    a strategic risk analysis report with the following risk
         Tinggi, Moderat, Rendah dan Sangat Rendah;                           levels: Extreme, High, Moderate, Low, and Very Low;
     b. Proses evaluasi risiko strategis yaitu:                           b. The strategic risk evaluation process involves:
         i. Membandingkan dengan kriteria;                                    i. Comparing with the criteria;
         ii. Identifikasi dan asesmen alternatif lain;                        ii. Identifying and assessing other alternatives;
         iii. Memutuskan tipe respon;                                         iii. Deciding on the response type;
         iv. Menetapkan prioritas;                                            iv. Setting priorities;
         v. Menyusun profil risiko korporat; dan                              v. Developing a corporate risk profile; and
         vi. Melakukan evaluasi terhadap realisasi tindak                     vi. Evaluating the implementation of protective
              lindung dengan profil risiko korporat.                               measures against the corporate risk profile.
6.   Menetapkan hasil pengukuran maturitas implementasi                6. Determining the results of measuring the maturity of
     Manajemen Risiko di lingkungan Jasa Marga Grup.                      Risk Management implementation within the Jasa Marga
                                                                          Group environment.

Tugas, Tanggung Jawab, dan Wewenang Komite                             Risk Management Committee Duties,
Manajemen Risiko                                                       Responsibilities, and Authorities

Sebagaimana yang tercantum di dalam Keputusan Direksi                  As stated in the Board of Directors Decree of PT Jasa Marga
PT Jasa Marga (Persero) Tbk No. 115/KPTS/2022, Komite                  (Persero) Tbk No. 115/KPTS/2022, the Risk Management
Manajemen Risiko memiliki tugas, tanggung jawab, dan                   Committee has the following duties, responsibilities, and
wewenang, sebagai berikut:                                             authorities:
1. Ketua Komite                                                        1. Committee Chair
   Tugas dan Tanggung Jawab:                                               Duties and Responsibilities:
   a. Memimpin pelaksanaan kerja Komite;                                   a. Leading the implementation of the Committee’s work;
   b. Melakukan pembahasan terhadap:                                       b. Conducting discussions on:
      i. Kebijakan, Manual, Risk Appetite, Risk Tolerance,                     i. Policies, Manuals, Risk Appetite, Risk Tolerance,
           dan Kriteria Risiko;                                                     and Risk Criteria;
      ii. Profil Risiko Perusahaan serta rencana tindak                        ii. Company Risk Profile and risk mitigation plans;
           lindung;
      iii. Arahan untuk meningkatkan efektivitas penerapan                     iii. Guidelines for improving the effectiveness of risk
           manajemen risiko;                                                        management implementation;
      iv. Hasil audit internal atau hasil evaluasi lainnya                     iv. Internal audit results or other evaluation results
           terhadap proses manajemen risiko; dan                                    on the risk management process; and
      v. Realisasi Hasil Pengolahan Risiko Korporasi.                          v. Realization of Corporate Risk Management
                                                                                    Outcomes.
     c. Memberikan Keputusan berupa penetapan mengenai:                     c. Making decisions regarding:
        i. Kebijakan dan Manual Manajemen Risiko;                              i. Risk Management Policies and Manuals;
        ii. Profil Risiko Perseroan serta rencana tindak                       ii. Company Risk Profile and protection plans; and
             lindung; dan
        iii. Perbaikan sistem manajemen risiko secara                          iii. Continuous improvement of the risk management
             berkelanjutan.                                                         system.
     d. Mengikuti kegiatan pengembangan kompetensi                          d. Participating    in    risk  management     system
        Sistem Manajemen Risiko dalam bentuk benchmark,                        competency development activities in the form
        training, seminar, workshop, roundtable, e-learning,                   of benchmarking, training, seminars, workshops,
        forum group discussion, atau kegiatan sejenis                          roundtables, e-learning, forum group discussions, or
        lainnya.                                                               other similar activities.



664                                                                          Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 665
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




     Wewenang:                                                             Authority:
     Dalam melaksanakan tugas dan tanggung jawabnya,                       In carrying out their duties and responsibilities, the
     Ketua Komite diberi kewenangan sebagai berikut:                       Committee Chair is granted the following authority:
     a. Mengakses dokumen, data dan informasi tentang                      a. Accessing documents, data, and information about
        karyawan serta dana, aset dan sumber daya                              employees as well as the Company’s funds, assets,
        Perseroan yang diperlukan.                                             and resources as necessary.
     b. Melakukan komunikasi langsung dengan unit kerja                    b. Communicating directly with work units at the
        Kantor Pusat, Regional dan/atau Representative                         Head Office, Regional and/or Representative
        Office, Anak Perusahaan dan Proyek termasuk                            Offices, Subsidiaries, and Projects, including the
        Direksi dan pihak yang menjalankan Manajemen                           Board of Directors and parties responsible for Risk
        Risiko.                                                                Management.
     c. Melibatkan pihak independen, di luar anggota Komite                c. Involving independent parties, outside of Committee
        yang diperlukan untuk membantu pelaksanaan                             members, as necessary to assist in the performance
        tugasnya.                                                              of its duties.
     d. Melakukan kewenangan lain sehubungan dengan                        d. Exercising other authorities related to risk
        manajemen risiko.                                                      management.
     e. Melakukan kewenangan untuk melakukan Pengujian                     e. Exercising authority to conduct testing and
        dan melakukan inspeksi terhadap Unit Kerja Kantor                      inspections of the Head Office, Regional and/or
        Pusat, Regional dan/atau Representative Office,                        Representative Office Work Units, Subsidiaries and
        Anak Perusahaan dan Proyek, Anak Perusahaan dan                        Projects, Subsidiaries and Projects.
        Proyek.
     f. Menetapkan keputusan hasil Rapat Komite.                           f.   Establishing decisions on the results of Committee
                                                                                Meetings.

2. Sekretariat Komite Merangkap Anggota                               2. Committee Secretariat concurrently serving as Member
   Tugas dan Tanggung Jawab:                                             Duties and Responsibilities:
   a. Menyusun dan mendokumentasikan administrasi                        a. Preparing and documenting the Risk Management
      Komite Manajemen Risiko mengenai:                                     Committee’s administration regarding:
      i. Perencanaan Kegiatan Manajemen Risiko;                             i. Risk Management Activity Planning;
      ii. Penjadwalan Kegiatan Manajemen Risiko;                            ii. Risk Management Activity Scheduling;
      iii. Perencanaan Kebutuhan Kompetensi Pengelola                       iii. Planning     Risk    Manager       Competency
           Risiko;                                                               Requirements;
      iv. Pendokumentasian dan Pengarsipan Kegiatan                         iv. Documentation      and    Archiving   of    Risk
           Manajemen Risiko; dan                                                 Management Activities; and
      v. Pendistribusian hasil pertemuan kegiatan                           v. Distribution of Risk Management activity meeting
           Manajemen Risiko.                                                     results.
   b. Menyiapkan undangan rapat, mencatat hasil                          b. Preparing meeting invitations, recording the results
      pembahasan Rapat Komite dan dituangkan ke dalam                       of Committee Meeting discussions, and compiling
      Risalah.                                                              them into Minutes.
   c. Memastikan terselenggaranya Rapat Komite.                          c. Ensuring the implementation of Committee Meetings.
   d. Mengikuti pembahasan Rapat Komite.                                 d. Participating in Committee Meeting discussions.

     Wewenang:                                                             Authority:
     Dalam melaksanakan tugas dan tanggung jawabnya,                       In carrying out its duties and responsibilities, the
     Sekretariat Komite diberi kewenangan sebagai berikut:                 Committee Secretariat is granted the following authority:
     a. Mengakses dokumen, data dan informasi tentang                      a. Accessing documents, data, and information about
        karyawan serta dana, aset dan sumber daya                             employees as well as the Company’s funds, assets,
        Perseroan yang diperlukan.                                            and resources as necessary.
     b. Melakukan komunikasi langsung dengan unit kerja                    b. Communicating directly with work units at the
        Kantor Pusat, Regional dan/atau Representative                        Head Office, Regional and/or Representative
        Office, Anak Perusahaan dan Proyek termasuk                           Offices, Subsidiaries and Projects, including the
        Direksi dan pihak yang menjalankan Manajemen                          Board of Directors and parties responsible for Risk
        Risiko.                                                               Management.
     c. Melibatkan pihak independen, di luar anggota Komite                c. Involving independent parties, outside of Committee
        yang diperlukan untuk membantu pelaksanaan                            members, as necessary to assist in the performance
        tugasnya.                                                             of its duties.

3. Wakil Sekretariat Komite Merangkap Anggota                         3. Deputy Committee Secretariat concurrently serving as
                                                                         Member
     Tugas dan Tanggung Jawab:                                           Duties and Responsibilities:
     a. Menggantikan Sekretariat Komite bila sedang                      a. Replacing the Committee Secretariat when they are
        berhalangan hadir.                                                  unable to attend.
     b. Menyusun dan mendokumentasikan administrasi                      b. Preparing and documenting the Risk Management



PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                            665
Page 666
01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




        Komite Manajemen Risiko mengenai:                                 Committee’s administration regarding:
        i. Perencanaan Kegiatan Manajemen Risiko;                         i. Risk Management Activity Planning;
        ii. Penjadwalan Kegiatan Manajemen Risiko;                        ii. Risk Management Activity Scheduling;
        iii. Perencanaan Kebutuhan Kompetensi Pengelola                   iii. Planning     Risk    Manager       Competency
             Risiko;                                                           Requirements;
        iv. Pendokumentasian dan Pengarsipan Kegiatan                     iv. Documentation      and    Archiving   of    Risk
             Manajemen Risiko; dan                                             Management Activities; and
        v. Pendistribusian hasil pertemuan kegiatan                       v. Distribution of Risk Management activity meeting
             Manajemen Risiko.                                                 results.
     c. Menyiapkan undangan rapat, mencatat hasil                      c. Preparing meeting invitations, recording the results
        pembahasan Rapat Komite dan dituangkan ke dalam                   of Committee Meeting discussions, and compiling
        Risalah.                                                          them into Minutes.
     d. Memastikan terselenggaranya Rapat Komite.                      d. Ensuring the implementation of Committee Meetings.
     e. Mengikuti pembahasan Rapat Komite.                             e. Participating in Committee Meeting discussions.

     Wewenang:                                                         Authority:
     Dalam melaksanakan tugas dan tanggung jawabnya,                   In carrying out their duties and responsibilities, the
     Wakil Sekretariat Komite diberi kewenangan sebagai                Deputy Secretary of the Committee is granted the
     berikut:                                                          following authority:
     a. Mengakses dokumen, data dan informasi tentang                  a. Accessing documents, data, and information about
         karyawan serta dana, aset dan sumber daya                          employees as well as the Company’s funds, assets,
         Perseroan yang diperlukan.                                         and resources as necessary.
     b. Melakukan komunikasi langsung dengan unit kerja                b. Communicate directly with work units at the Head
         Kantor Pusat, Regional dan/atau Representative                     Office, Regional and/or Representative Offices,
         Office, Anak Perusahaan dan Proyek termasuk                        Subsidiaries and Projects, including the Board
         Direksi dan pihak yang menjalankan Manajemen                       of Directors and parties responsible for Risk
         Risiko.                                                            Management.
     c. Melibatkan pihak independen, di luar anggota Komite            c. Involve independent parties, outside of Committee
         yang diperlukan untuk membantu pelaksanaan                         members, as necessary to assist in the performance
         tugasnya.                                                          of its duties.

4. Anggota Komite                                                   4. Committee Members
   Tugas dan Tanggung Jawab:                                           Duties and Responsibilities:
   a. Mengikuti pembahasan secara rutin sesuai jadwal                  a. Attend regular discussions according to the
      yang telah ditetapkan.                                              predetermined schedule.
   b. Memberikan masukan kepada Ketua Komite terkait                   b. Provide input to the Committee Chair regarding Risk
      Manajemen Risiko.                                                   Management.
   c. Memberikan masukan kepada Ketua Komite                           c. Provide input to the Committee Chair regarding
      mengenai isu dan hal terkait Manajemen Risiko                       issues and matters related to Risk Management
      dan risiko yang mengancam pencapaian sasaran                        and risks that threaten the achievement of the
      Perseroan.                                                          Company’s objectives.
   d. Memberikan rekomendasi kepada Ketua Komite                       d. Provide recommendations to the Committee Chair
      mengenai:                                                           regarding:
      i. Kebijakan dan Manual Manajemen Risiko;                           i. Risk Management Policies and Manuals;
      ii. Profil Risiko Perseroan serta rencana tindak                    ii. The Company’s Risk Profile and mitigation plans;
           lindung; dan                                                        and
      iii. Perbaikan sistem manajemen risiko secara                       iii. Continuous improvement of the risk management
           berkelanjutan.                                                      system.
   e. Mengikuti pembahasan Rapat Komite mengenai:                      e. Participating in Committee discussions on:
      i. Sumber risiko teknis internal dan eksternal;                     i. Internal and external technical risk sources;
      ii. Prosedur Sistem Manajemen Risiko;                               ii. Risk Management System Procedures;
      iii. Penetapan kriteria risiko strategis dan teknis;                iii. Establishment of strategic and technical risk
                                                                               criteria;
        iv. Melakukan identifikasi dan analisa risiko baik                iv. Conducting identification and analysis of both
            teknis maupun strategis;                                           technical and strategic risks;
        v. Melakukan evaluasi baik risiko teknis maupun                   v. Conducting evaluations of both technical and
            strategis; dan                                                     strategic risks; and
        vi. Menetapkan dan mengimplementasikan rencana                    vi. Establishing and implementing risk management
            penanganan risiko.                                                 plans.
     f. Memberikan rekomendasi penanganan atau tindak                  f. Providing recommendations for risk management or
        lindung risiko.                                                   mitigation measures.
     g. Anggota Komite wajib menjaga kerahasiaan atas                  g. Committee members are required to maintain
        seluruh dokumen, data, informasi dan segala                       confidentiality regarding all documents, data,
        sesuatu yang berhubungan dengan pelaksanaan                       information, and anything related to the
        tugas Komite.                                                     implementation of the Committee’s duties.


666                                                                     Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 667
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




     Wewenang:                                                             Authority:
     Dalam melaksanakan tugas dan tanggung jawabnya,                       In carrying out their duties and responsibilities,
     Anggota Komite diberi kewenangan sebagai berikut:                     Committee members are granted the following authority:
     a. Memberi      instruksi kepada     Tim   Sekretariat                a. Instructing the Risk Management Committee
        Komite Manajemen Risiko di Direktoratnya untuk                        Secretariat Team in their Directorate to follow up
        menindaklanjuti hasil pembahasan rapat Komite                         on the results of the Risk Management Committee
        Manajemen Risiko.                                                     meeting discussions.
     b. Memberi instruksi kepada Tim Sekretariat Komite                    b. Instructing the Risk Management Committee
        Manajemen Risiko untuk mengakses dokumen, data                        Secretariat Team to access documents, data, and
        dan informasi tentang karyawan serta dana, asset                      information about employees as well as the Company’s
        dan sumber daya Perseroan yang diperlukan.                            funds, assets, and resources as necessary.
     c. Memberi instruksi kepada Tim Sekretariat Komite                    c. Instructing the Risk Management Committee
        Manajemen Risiko untuk melakukan komunikasi                           Secretariat Team to communicate directly with
        secara langsung dengan pihak-pihak yang terkait                       parties related to the Committee’s duties, including
        dengan tugas-tugas Komite, termasuk dalam                             communicating matters related to financial and
        mengkomunikasikan hal-hal terkait informasi                           management information.
        keuangan dan manajemen.
     d. Memberi instruksi kepada Tim Sekretariat Komite                    d. Instructing the Risk Management Committee
        Manajemen Risiko untuk melakukan pengujian secara                     Secretariat Team to conduct spot checks and
        uji petik dan melakukan inspeksi terhadap unit kerja                  inspections of the work units of the Head Office,
        Kantor Pusat, Regional dan/atau Representative                        Regional and/or Representative Offices, Subsidiaries,
        Office, Anak Perusahaan dan Proyek.                                   and Projects.

5. Anggota Komite (Independen)                                        5. Committee Member (Independent)
   Tugas dan Tanggung Jawab:                                             Duties and Responsibilities:
   a. Mengikuti pembahasan secara rutin sesuai jadwal                    a. Participate in regular discussions according to a
      yang telah ditetapkan meliputi tentang:                               predetermined schedule covering:
      i. Sumber risiko teknis internal dan eksternal;                       i. Internal and external technical risk sources;
      ii. Prosedur Sistem Manajemen Risiko;                                 ii. Risk Management System procedures;
      iii. Penetapan kriteria risiko strategis dan teknis;                  iii. Establishing strategic and technical risk criteria;
      iv. Melakukan identifikasi dan analisa risiko baik                    iv. Conducting identification and analysis of both
           teknis maupun strategis;                                              technical and strategic risks;
      v. Melakukan evaluasi baik risiko teknis maupun                       v. Conducting evaluations of both technical and
           strategis; dan                                                        strategic risks; and
      vi. Menetapkan               menyiapkan            dan                vi. Establishing, preparing, and implementing risk
           mengimplementasikan rencana penanganan                                management plans.
           risiko.
   b. Anggota Komite Independen wajib menjaga                              b. Members of the Independent Committee are required
      kerahasiaan atas seluruh dokumen, data, informasi                       to maintain confidentiality regarding all documents,
      dan segala sesuatu yang berhubungan dengan                              data, information, and everything related to the
      pelaksanaan Tugas Komite.                                               implementation of the Committee’s duties.

     Wewenang:                                                             Authority:
     Dalam melaksanakan tugas dan tanggung jawabnya,                       In carrying out their duties and responsibilities,
     Anggota Komite Independen diberi kewenangan sebagai                   Independent Committee Members are granted the
     berikut:                                                              following authority:
     a. Melaksanakan analisa dan memantau hasil dari                       a. Conducting analysis and monitoring the results of
         keputusan Rapat Komite Manajemen Risiko.                               the Risk Management Committee meeting decisions.
     b. Melakukan       penelaahan    terhadap    aktivitas                b. Reviewing the activities carried out by Committee
         pelaksanaan Rapat Komite Manajemen Risiko yang                         Members in the Risk Management Committee
         dilakukan oleh Anggota Komite.                                         Meeting.

Struktur Keanggotaan dan Profil Anggota                                Membership Structure and Member Profiles

Berdasarkan Surat Keputusan Direksi No. 115/KPTS/2022                 Based on Board of Directors Decree No. 115/KPTS/2022
tanggal 15 September 2022, susunan anggota Komite                     dated September 15, 2022, the composition of the Risk
Manajemen Risiko (KMR) dan Tim Sekretariat Komite                     Management Committee (KMR) and the Risk Management
Manajemen Risiko (TSKMR) adalah sebagai berikut:                      Committee Secretariat Team (TSKMR) is as follows:




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                             667
Page 668
01                                02                      03                       04                                         05
Ikhtisar Kinerja Utama            Laporan Manajemen       Profil Perusahaan         Analisa dan Pembahasan Manajemen           Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report       Company Profile           Management Discussion and Analysis         Business Support Functions




Tabel Susunan Anggota Komite Manajemen Risiko
Table of Risk Management Committee Membership Structure


                                        Kedudukan
            Nama Jabatan               dalam Komite                       Masa Jabatan                                        Profil
 No.        Position Name              Position in the                   Term of Service                                      Profile
                                        Committee
  1.    Direktur Utama              Ketua Komite         Masa jabatan berlaku sampai dengan berakhirnya          Dapat dilihat pada bagian Profil
        President Director          Committee            masa jabatan sebagai Direktur Utama                     Direksi
                                    Chairman             The term of office is valid until the end of the        Disclosed in the Board of Directors
                                                         term as the President Director                          Profile section

  2.    Direktur Keuangan dan       Sekretariat Komite   Masa     jabatan     berlaku       sampai     dengan    Dapat dilihat pada bagian Profil
        Manajemen Risiko            merangkap            berakhirnya masa jabatan sebagai Direktur               Direksi
        Director of Finance and     Anggota Komite       Keuangan dan Manajemen Risiko                           Disclosed in the Board of Directors
        Risk Management             Committee            The term of office is valid until the end of the term   Profile section
                                    Secretariat          as the Director of Finance & Risk Management
                                    Concurrently
                                    Serving as
                                    Committee Member

  3.    Risk & Quality, Health,    Wakil Sekretariat     Masa     jabatan    berlaku   sampai     dengan         Dapat dilihat pada bagian Profil
        Safety, & Environment      Komite merangkap      berakhirnya masa jabatan sebagai Risk & Quality,        Pejabat Eksekutif
        Group Head                 Anggota Komite        Health, Safety, & Environment Group Head                Disclosed in the Executive Officers
                                   Deputy Committee      The term of office is valid until the end of the        Profile section
                                   Secretariat           term as the Risk & Quality, Health, Safety, &
                                   Concurrently          Environment Group Head
                                   Serving as
                                   Committee Member

  4.    Direktur Human             Anggota Komite        Masa    jabatan    berlaku    sampai     dengan         Dapat dilihat pada bagian Profil
        Capital dan                Committee Member      berakhirnya masa jabatan sebagai Direktur               Direksi
        Transformasi                                     Human Capital dan Transformasi                          Disclosed in the Board of Directors
        Director of Human                                The term of office is valid until the end of the        Profile section
        Capital and                                      term as the Director of Human Capital and
        Transformation                                   Transformation

  5.    Direktur                   Anggota Komite        Masa     jabatan   berlaku    sampai     dengan         Dapat dilihat pada bagian Profil
        Pengembangan Usaha         Committee Member      berakhirnya masa jabatan sebagai Direktur               Direksi
        Director of Business                             Pengembangan Usaha                                      Disclosed in the Board of Directors
        Development                                      The term of office is valid until the end of the        Profile section
                                                         term as the Director of Business Development

  6.    Direktur Operasi           Anggota Komite        Masa jabatan berlaku sampai dengan berakhirnya          Dapat dilihat pada bagian Profil
        Director of Operations     Committee Member      masa jabatan sebagai Direktur Operasi                   Direksi
                                                         The term of office is valid until the end of the        Disclosed in the Board of Directors
                                                         term as the Director of Operations                      Profile section

  7.    Direktur Bisnis            Anggota Komite        Masa jabatan berlaku sampai dengan berakhirnya          Dapat dilihat pada bagian Profil
        Director of Business       Committee Member      masa jabatan sebagai Direktur Bisnis                    Direksi
                                                         The term of office is valid until the end of the        Disclosed in the Board of Directors
                                                         term as the Director of Business                        Profile section

  8.    Corporate Secretary        Anggota Komite        Masa jabatan berlaku sampai dengan berakhirnya          Dapat dilihat pada bagian Profil
        & CAO                      Committee Member      masa jabatan sebagai Corporate Secretary & CAO          Pejabat Eksekutif
                                                         The term of office is valid until the end of the        Disclosed in the Executive Officers
                                                         term as the Corporate Secretary & CAO                   Profile section

  9.    Internal Audit Senior      Anggota Komite        Masa jabatan berlaku sampai dengan berakhirnya          Dapat dilihat pada bagian Profil
        Group Head                 (Independen)          masa jabatan sebagai Internal Audit Group Head          Pejabat Eksekutif
                                   Committee Member      The ter of office is valid until the end of the term    Disclosed in the Executive Officers
                                   (Independent)         as the Internal Audit Group Head                        Profile section




668                                                                               Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 669
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Tabel Susunan Anggota Tim Sekretariat Komite Manajemen Risiko
Table of Risk Management Committee Secretariat Team Membership Structure


                                Nama Jabatan                                     Kedudukan dalam Tim Sekretariat Komite
 No.                            Position Name                                    Position in the Committee Secretariat Team
  1.   Risk & Quality, Health, Safety, & Environment Group Head           Ketua merangkap Anggota | Chairman concurrently as Member

                                                                                Wakil Ketua merangkap Anggota | Deputy Chairman
  2.   Risk Management Department Head
                                                                                             concurrently as Member

 A. Direktorat Utama
    Main Directorate

       Corporate Communication & Community Development Group
  1.                                                                                               Anggota | Member
       Head

  2.   Legal and Compilance Group Head                                                             Anggota | Member

  3.   Procurement & Fixed Asset Group Head                                                        Anggota | Member

 B. Direktorat Bisnis
    Business Directorate

  1.   Concession Business Planning Group Head                                                     Anggota | Member

  2.   Jasamarga Metropolitan Tollroad Regional Division Head                                      Anggota | Member

  3.   Jasamarga Nusantara Tollroad Regional Division Head                                         Anggota | Member

       Direktur Utama PT Jasamarga Transjawa Tol
  4.                                                                                               Anggota | Member
       President Director of PT Jasamarga Transjawa Tol

 C. Direktorat Pengembangan Usaha
    Business Development Directorate

  1.   Business Development Group Head                                                             Anggota | Member

  2.   Engineering Planning Group Head                                                             Anggota | Member

       Direktur Utama PT Jasamarga Related Business
  3.                                                                                               Anggota | Member
       President Director of PT Jasamarga Related Business

 D. Direktorat Operasi
    Operations Directorate

  1.   Operation and Maintenance Management Group Head                                             Anggota | Member

  2.   Information Technology Group Head                                                           Anggota | Member

       Direktur Utama PT Jasamarga Tollroad Operator
  3.                                                                                               Anggota | Member
       President Director of PT Jasamarga Tollroad Operator

       Direktur Utama PT Jasamarga Tollroad Maintenance
  4.                                                                                               Anggota | Member
       President Director of PT Jasamarga Tollroad Maintenance

 E. Direktorat Keuangan dan Manajemen Risiko
    Finance and Risk Management Directorate

  1.   Corporate Finance & Investor Relation Senior Group Head                                     Anggota | Member

  2.   Corporate Planning & Portfolio Management Group Head                                        Anggota | Member

  3.   Accounting & Tax Group Head                                                                 Anggota | Member

 F. Direktorat Human Capital dan Transformasi
    Human Capital and Transformation Directorate

  1.   Human Capital Development Group Head                                                        Anggota | Member

  2.   Human Capital Services Group Head                                                           Anggota | Member

  3.   Strategic Transformation Group Head                                                         Anggota | Member

  4.   Jasa Marga Learning Insitute Group Head                                                     Anggota | Member



Pelatihan Anggota Komite Manajemen Risiko                             Risk Management Committee Member Training

Pelatihan yang telah diikuti anggota komite selama tahun              Training attended by committee members in 2025 is
2025, dapat dilihat pada bagian Pengembangan Kompetensi               available in the Risk Management Committee Competency
Komite Manajemen Risiko pada Bab Profil Perusahaan.                   Development section at the Company Profile Chapter.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                              669
Page 670
01                           02                       03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen        Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report        Company Profile          Management Discussion and Analysis       Business Support Functions




Pernyataan Independensi Komite Manajemen                                 Statement of Independence of the Risk
Risiko                                                                   Management Committee

Seluruh anggota komite tidak memiliki afiliasi dengan Direktur           All committee members are not affiliated with other
Lainnya, Komisaris maupun Pemegang Saham Pengendali,                     Directors, Commissioners, or Controlling Shareholders, are
bukan merupakan pemegang saham Perseroan yang dapat                      not shareholders of the Company that could influence their
mempengaruhi kemampuannya untuk bertindak independen,                    ability to act independently, and are not Commissioners,
Komisaris, Direktur maupun karyawan dari perusahaan yang                 Directors, or employees of companies affiliated with or
memiliki afiliasi maupun bisnis dengan Perseroan.                        doing business with the Company.

Pelaksanaan Tugas Komite Manajemen Risiko                                Implementation of Risk Management Committee
pada Tahun 2025                                                          Duties in 2025

Sepanjang tahun 2025, Komite Manajemen Risiko (KMR)                      Throughout 2025, the Risk Management Committee (KMR)
dan Tim Sekretariat Komite Manajemen Risiko (TSKMR)                      and the Risk Management Committee Secretariat Team
telah melaksanakan berbagai kegiatan sebagai wujud                       (TSKMR) have carried out various activities in the course of
pelaksanaan tugasnya. Komite Manajemen Risiko aktif                      performing their duties. The Risk Management Committee
menyelenggarakan pertemuan untuk membahas berbagai                       actively held meetings to discuss various matters related
hal terkait risiko di Perseroan. Pelaksanaan tugas ini                   to risks in the Company. The implementation of these
bertujuan untuk memastikan kelangsungan usaha tetap                      duties aims to ensure business continuity is maintained
terjaga di tengah dinamika pasar yang fluktuatif, melalui tata           amid fluctuating market dynamics, through disciplined and
kelola risiko yang disiplin dan terintegrasi.                            integrated risk management.

Rapat Komite Manajemen Risiko                                            Risk Management Committee Meeting
Komite Manajemen Risiko dan Tim Sekretariat Komite                       The Risk Management Committee and the Risk Management
Manajemen Risiko ditahun 2025 melakukan Rapat Koordinasi                 Committee Secretariat Team held four coordination
sebanyak 4 (empat) kali. Adapun pelaksanaan Rapat KMR                    meetings in 2025. The implementation of the KMR and
dan TSKMR pada tahun 2025 antara lain sebagai berikut:                   TSKMR meetings in 2025 included the following:

Tabel Pelaksanaan Rapat Komite Manajemen Risiko dan Tim Sekretariat Komite Manajemen Risiko Tahun 2025
Table of Risk Management Committee and Risk Management Committee Secretariat Team Meeting Implementation in 2025

                Tanggal                                                          Perihal
 No.
                 Date                                                            Subject
 Rapat Komite Manajemen Risiko
 Risk Management Committee Meetings
  1.    24 Juni 2025          Penetapan Contingency Plan
        June 24, 2025         Establishment of Contingency Plan
  2.    11 Juli 2025          Penetapan Perubahan Kategori dan Klasifikasi Risiko Anak Perusahaan
        July 11, 2025         Establishment of Changes in the Category and Classification of Subsidiary Risks
  3.    26 September 2025     Penetapan Strategi Risiko
        September 26, 2025    Establishment of Risk Strategy
  4.    30 September 2025     Penetapan Hasil Pengukuran Risk Maturity Index (RMI) Tahun Buku 2024 dan Roadmap Perbaikan
        September 30, 2025    Manajemen Risiko 2025-2029
                              Determination of the 2024 Risk Maturity Index (RMI) Measurement Results and the 2025-2029 Risk
                              Management Improvement Roadmap
 Rapat Tim Sekretariat Komite Manajemen Risiko
 Management Committee Secretariat Team Meeting
  1.    25 Juni 2025          1.   Penyampaian Hasil AUP Peringkat Komposit Risiko Tahun 2024
        June 25, 2025         2.   Hasil Evaluasi Pelaporan Manajemen Risiko Triwulan I 2025
                              3.   Persiapan Risk Based Budgeting dalam RKAP 2026

                              1.   Presentation of the 2024 Composite Risk Rating AUP Results
                              2.   Results of the Evaluation of Risk Management Reporting for the First Quarter of 2025
                              3.   Preparation of Risk-Based Budgeting in the 2026 RKAP




670                                                                          Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 671
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Pengembangan Kompetensi Komite Manajemen                              Competency Development for the Risk
Risiko                                                                Management Committee

Pengembangan Kompetensi Komite Manajemen Risiko                       Competency development for the Risk Management
dapat dilihat pada bagian Pengembangan Kompetensi                     Committee is available in the Competency Development of
Komite Manajemen Risiko di Bab Profil Perusahaan dalam                the Risk Management Committee’s section at the Company
buku Laporan Tahunan ini.                                             Profile Chapter of this Annual Report.

Sertifikasi Personel Komite Manajemen Risiko                           Personnel Certification for the Risk Management
                                                                      Committee

Selama tahun 2025, Perseroan telah melaksanakan upaya                 During 2025, the Company has implemented efforts to
peningkatan Kompetensi Bidang Manajemen Risiko bagi                   improve the Risk Management Competence of the members
para Anggota Komite Manajemen Risiko berupa Qualified                 of the Risk Management Committee in the form of Qualified
Risk Governance Professional (QRGP). Program peningkatan              Risk Governance Professional (QRGP). This competency
kompetensi ini dilaksanakan oleh Perseroan bekerja sama               improvement programme was carried out by the Company in
dengan Sertifikasi Profesi (LSP) MKS.                                 collaboration with the MKS Professional Certification (LSP).

Rencana Kerja Komite Manajemen Risiko Tahun                           Risk Management Committee Work Plan for
2026                                                                  2026

Komite Manajemen Risiko dan Tim Sekretariat Komite                    The Risk Management Committee and the Risk Management
Manajemen Risiko berencana melaksanakan beberapa                      Committee Secretariat Team plan to carry out several
kegiatan/pekerjaan di tahun 2026, di antaranya:                       activities/tasks in 2026, including:
1. Program Budaya Sadar Risiko (Risk Awareness).                      1. Risk Awareness Program.
2. Pembaruan Contingency Plan.                                        2. Contingency Plan Update.
3. Pengukuran Risk Maturity Index.                                    3. Risk Maturity Index Measurement.
4. Pengukuran Peringkat Komposit Risiko.                              4. Composite Risk Rating Measurement.


Komite Pengarah Teknologi Informasi                                   Information Technology Steering
                                                                      Committee Committee

Dalam    rangka   memberikan      pandangan   terhadap                To provide insight into the improvement of information
penyempurnaan pengelolaan teknologi informasi dan                     technology     management      and     Information   System
Manajemen Sistem Informasi, serta memantau kegiatan                   Management, as well as to monitor the implementation of
penyelenggaraan dan kesiapan infrastruktur TI, maka                   activities and the readiness of IT infrastructure, the Board
Direksi membentuk Komite Pengarah Teknologi Informasi                 of Directors has formed an Information Technology Steering
yang ditetapkan berdasarkan Surat Keputusan Direksi No.               Committee, which was established based on Board of
77/KPTS/2023 tanggal 3 Juli 2023.                                     Directors Decree No. 77/KPTS/2023 dated July 3, 2023.

Sehubungan dengan adanya perubahan struktur organisasi                In connection with the organizational restructuring at
pada akhir tahun 2025, saat ini Perseroan tengah melakukan            the end of 2025, the Company is currently reviewing and
peninjauan dan finalisasi atas perubahan susunan                      finalizing changes to the Committee's composition to ensure
keanggotaan Komite tersebut guna memastikan keselarasan               alignment with the new organizational structure and current
dengan struktur organisasi dan kebutuhan tata kelola terkini.         governance requirements.

Kedudukan Komite Pengarah Teknologi Informasi                         Information Technology Steering Committee’s
                                                                      Position

Dalam struktur Tata Kelola Perusahaan, kedudukan bagan                Within the Corporate Governance structure, the position
yang menunjukan kedudukan Komite Pengarah Teknologi                   of the Information Technology Steering Committee in the
Informasi dalam Struktur Organisasi berada di bawah Direksi           Organizational Structure is under the Board of Directors and
dan langsung jawab kepada Direksi.                                    reports directly to the Board of Directors.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                           671
Page 672
01                                   02                           03                          04                                            05
Ikhtisar Kinerja Utama               Laporan Manajemen            Profil Perusahaan            Analisa dan Pembahasan Manajemen              Fungsi Penunjang Bisnis
Main Performace Highlights           Management Report            Company Profile              Management Discussion and Analysis            Business Support Functions




                              Bagan Kedudukan Komite Pengarah Teknologi Informasi dalam Struktur Organisasi
                      Chart of Information Technology Steering Committee’s Position in Corporate Governance Structure


                                                            Rapat Umum Pemegang Saham
                                                            General Meeting of Shareholders




                         Dewan Komisaris                                                                      Direksi
                      Board of Commissioners                                                             Board of Directors




                                                            Komite
                                          Komite
                   Komite Nominasi                       Tata Kelola                           Direktorat                           Komite Pengarah
                                     Pemantau Risiko                                                                  Komite
                   dan Remunerasi                                                            Keuangan dan                               Teknologi          Komite
                                                         Terintegrasi                                               Manajemen
  Komite Audit                          dan Hukum                         Internal Audit    Manajemen Risiko                            Informasi       Sustainability
                    Nomination and                        Integrated                                                   Risiko
 Audit Committee                      Risk Monitoring                         Group           Directorate of                           Information      Sustainability
                     Remuneration                         Corporate                                              Risk Management
                                         and Legal                                          Finance and Risk                           Technology        Committee
                      Committee                                                                                     Committee
                                                         Governance                           Management                           Steering Committee
                                        Committee
                                                          Committee




                                                                             Corporate Finance           Risk and Quality,
                                                                               and Investor              Health, Safety &
                                                                              Relations Senior          Environment Group
                                                                                Group Head                     Head




                                                                             Investor Relations         Risk Management
                                                                                Department                 Department




Tugas dan Fungsi                                                                      Duties and Functions

Tugas dan tanggung jawab Komite Pengarah Teknologi                                    The duties and responsibilities of the Information Technology
Informasi berdasarkan Surat Keputusan Direksi No. 77/                                 Steering Committee, based on Board of Directors Decree
KPTS/2023 tanggal 3 Juli 2023 adalah mencakup:                                        No. 77/KPTS/2023 dated July 3, 2023, include:
1. Menyelaraskan strategi Teknologi Informasi (TI) dan                                1. Aligning Information Technology (IT) and business
    bisnis (strategic alignment), melalui arahan strategis                                strategies (strategic alignment) through strategic
    dan keputusan terkait program implementasi TI/solusi TI                               direction and decisions related to IT implementation
    yang sejalan dengan strategi, tujuan dan prioritas bisnis                             programs/IT solutions that are in line with the Company’s
    Perseroan.                                                                            business strategies, objectives, and priorities.
2. Melakukan review dan memberikan persetujuan atas                                   2. Reviewing and approving IT-related plans to ensure they
    rencana-rencana terkait TI agar dapat memberikan                                      deliver value as planned, including:
    manfaat sesuai rencana (value delivery), di antaranya:
    a. Masterplan Teknologi Informasi;                                                   a. Information Technology Master Plan;
    b. Hasil review masterplan TI; dan/atau                                              b. IT master plan review results; and/or
    c. Rencana Kerja Anggaran Perusahaan (RKAP) TI.                                      c. IT Corporate Budget Work Plan (RKAP).
3. Mengusulkan dan melakukan review terkait Tata Kelola                               3. Proposing and reviewing IT and Data Governance,
    TI dan Data, di antaranya:                                                           including:
    a. Kebijakan Tata Kelola TI dan Data; dan/atau                                       a. IT and Data Governance Policy; and/or
    b. Pedoman Tata Kelola TI dan Data.                                                  b. IT and Data Governance Guidelines.
4. Melakukan evaluasi pencapaian kinerja Performance                                 4. Conducting performance measurement and IT
    Measurement) dan kepatuhan TI yang meliputi:                                         compliance evaluations, including:
    a. Progres inisiatif-inisiatif TI yang bersifat strategis,                           a. Progress of strategic IT initiatives, including problem
        termasuk penetapan resolusi permasalahan;                                            resolution;
    b. Tingkat kepatuhan, kematangan, atau kapabilitas                                   b. Level of compliance, maturity, or capability of IT and
        Tata Kelola TI dan Data; dan/atau                                                    Data Governance; and/or
    c. Pencapaian benefit dari inisiatif-inisiatif strategis TI.                         c. Achievement of benefits from strategic IT initiatives.
5. Menetapkan keputusan pengelolaan risiko untuk                                      5. Establishing risk management decisions to protect IT
    menjaga aset TI dari kejadian yang tidak diinginkan (risk                            assets from undesirable events (risk management) for
    management) demi keberlangsungan operasional bisnis                                  the sake of the Company’s business continuity.
    Perseroan.
6. Melakukan pengkajian secara komprehensif mengenai                                  6. Conducting a comprehensive review of the synchronization
    sinkronisasi program-program penerapan teknologi                                     of operational and preservation technology implementation
    pengoperasian dan preservasi dengan kebijakan                                        programs with government policies, particularly the
    pemerintah, khususnya sinkronisasi program teknologi                                 synchronization of the Company’s technology programs
    Perseroan dengan penerapan kebijakan Multi Lane Free                                 with the implementation of the Multi Lane Free Flow
    Flow (MLFF).                                                                         (MLFF) policy.


672                                                                                          Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 673
06                                    07                                       08
Tata Kelola Perusahaan                Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance             Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




7. Memastikan kolaborasi antardirektorat di dalam                                 7. Ensuring effective collaboration between directorates
   Perusahaan dapat berjalan dengan baik dalam                                       within the Company in the implementation of IT
   pelaksanaan program implementasi TI.                                              programs.
8. Melaporkan hasil Pekerjaan IT Steering Commiittee                              8. Reporting the results of the IT Steering Committee’s
   kepada Dewan Komisaris minimal 1 (satu) tahun sekali.                             work to the Board of Commissioners at least once a year.

Struktur Keanggotaan dan Profil Anggota                                            Membership Structure and Member Profiles

Berdasarkan Surat Keputusan Direksi No. 77/KPTS/2023                              Based on the Board of Directors Decree No. 77/KPTS/2023
tanggal 3 Juli 2023, susunan anggota Komite Pengarah                              dated July 3, 2023, the composition of the Information
Teknologi Informasi (IT Steering Commiitee) adalah sebagai                        Technology Steering Committee (IT Steering Committee) is
berikut:                                                                          as follows:

Tabel Susunan Anggota Komite Pengarah Teknologi Informasi
Table of Information Technology Steering Committee Membership Structure


                                            Kedudukan
                  Jabatan                  Dalam Komite                                Masa Jabatan                                   Profil
 No.              Position                 Position in the                             Term of Office                                 Profile
                                            Committee
 Komite
 Committee

     1.   Direktur Utama                  Ketua Komite        Masa jabatan berlaku sampai dengan berakhirnya masa            Dapat dilihat pada bagian
          President Director             Committee Chair      jabatan sebagai Direktur Utama                                 Profil Direksi
                                                              The term of office is valid until the end of the term as the   Disclosed in the Board of
                                                              President Director                                             Directors Profile section

     2.   Direktur Operasi                    Anggota         Masa jabatan berlaku sampai dengan berakhirnya masa            Dapat dilihat pada bagian
          Director of Operations              Member          jabatan sebagai Direktur Operasi dan Layanan                   Profil Direksi
                                                              The term of office is valid until the end of the term as the   Disclosed in the Board of
                                                              Director of Operations and Services                            Directors Profile section

     3.   Direktur Bisnis                     Anggota         Masa jabatan berlaku sampai dengan berakhirnya masa            Dapat dilihat pada bagian
          Director of Business                Member          jabatan sebagai Direktur Bisnis                                Profil Direksi
                                                              The term of office is valid until the end of the term as the   Disclosed in the Board of
                                                              Director of Business                                           Directors Profile section

     4.   Direktur Human Capital              Anggota         Masa jabatan berlaku sampai dengan berakhirnya masa            Dapat dilihat pada bagian
          dan Transformasi                    Member          jabatan sebagai Direktur Human Capital dan Transformasi        Profil Direksi
          Director of Human Capital                           The term of office is valid until the end of the term as the   Disclosed in the Board of
          and Transformation                                  Director of Human Capital and Transformation                   Directors Profile section

     5.   Direktur Pengembangan               Anggota         Masa jabatan berlaku sampai dengan berakhirnya masa            Dapat dilihat pada bagian
          Usaha                               Member          jabatan sebagai Direktur Pengembangan Usaha                    Profil Direksi
          Director of Business                                The term of office is valid until the end of the term as the   Disclosed in the Board of
          Development                                         Director of Business Development                               Directors Profile section

     6.   Direktur Keuangan dan               Anggota         Masa jabatan berlaku sampai dengan berakhirnya masa            Dapat dilihat pada bagian
          Manajemen Risiko                    Member          jabatan sebagai Direktur Keuangan dan Manajemen Risiko         Profil Direksi
          Director of Finance and                             The term of office is valid until the end of the term as the   Disclosed in the Board of
          Risk Management                                     Director of Finance and Risk Management                        Directors Profile section

 Tim Teknis
 Technical Team

     1.   Information Technology         Koordinator Teknis   Masa jabatan berlaku sampai dengan berakhirnya masa jabatan    Dapat dilihat pada bagian
          Group Head                         Technical        sebagai Information Technology Group Head                      Profil Pejabat Eksekutif
                                            Coordinator       The term of office is valid until the end of the term as       Disclosed in the Executive
                                                              Information Technology Group Head                              Officer Profile section

     2.   Operation & Maintenance             Anggota         Masa jabatan berlaku sampai dengan berakhirnya masa            Dapat dilihat pada bagian
          Management Group Head               Member          jabatan sebagai Operation & Maintenance Management Group       Profil Pejabat Eksekutif
                                                              Head                                                           Disclosed in the Executive
                                                              The term of office is valid until the end of the term as       Officer Profile section
                                                              Operation & Maintenance Management Group Head
     3.   Corporate Planning &                Anggota         Masa jabatan berlaku sampai dengan berakhirnya masa            Dapat dilihat pada bagian
          Portfolio Management                Member          jabatan sebagai Corporate Planning & Portfolio Management      Profil Pejabat Eksekutif
          Group Head                                          Group Head                                                     Disclosed in the Executive
                                                              The term of office is valid until the end of the term as       Officer Profile section
                                                              Corporate Planning & Portfolio Management Group Head
     4.   Accounting and Tax Group            Anggota         Masa jabatan berlaku sampai dengan berakhirnya masa jabatan    Dapat dilihat pada bagian
          Head                                Member          sebagai Accounting and Tax Group Head                          Profil Pejabat Eksekutif
                                                              The term of office is valid until the end of the term as       Disclosed in the Executive
                                                              Accounting and Tax Group Head                                  Officer Profile section




PT Jasa Marga (Persero) Tbk        Laporan Tahunan 2025 Annual Report                                                                           673
Page 674
01                                 02                       03                        04                                          05
Ikhtisar Kinerja Utama             Laporan Manajemen        Profil Perusahaan          Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report        Company Profile            Management Discussion and Analysis          Business Support Functions




Tabel Susunan Anggota Komite Pengarah Teknologi Informasi
Table of Information Technology Steering Committee Membership Structure


                                          Kedudukan
                   Jabatan               Dalam Komite                              Masa Jabatan                                         Profil
  No.              Position              Position in the                           Term of Office                                       Profile
                                          Committee
   5.    Risk & Quality, Health,            Anggota        Masa jabatan berlaku sampai dengan berakhirnya masa                Dapat dilihat pada bagian
         Safety, and Environment            Member         jabatan sebagai Risk & Quality, Health, Safety, and                Profil Pejabat Eksekutif
         Group Head                                        Environment Group Head                                             Disclosed in the Executive
                                                           The term of office is valid until the end of the term as Risk &    Officer Profile section
                                                           Quality, Health, Safety, and Environment Group Head
   6.    Human Capital                      Anggota        Masa jabatan berlaku sampai dengan berakhirnya masa                Dapat dilihat pada bagian
         Development Group Head             Member         jabatan sebagai Human Capital Development Group Head               Profil Pejabat Eksekutif
                                                           The term of office is valid until the end of the term as Human     Disclosed in the Executive
                                                           Capital Development Group Head                                     Officer Profile section
   7.    Corporate Communication            Anggota        Masa jabatan berlaku sampai dengan berakhirnya masa                Dapat dilihat pada bagian
         & Community                        Member         jabatan sebagai Corporate Communication & Community                Profil Pejabat Eksekutif
         Development Group Head                            Development Group Head                                             Disclosed in the Executive
                                                           The term of office is valid until the end of the term as           Officer Profile section
                                                           Corporate Communication & Community Development Group
                                                           Head
   8.    Legal & Compliance Group           Anggota        Masa jabatan berlaku sampai dengan berakhirnya masa jabatan        Dapat dilihat pada bagian
         Head                               Member         sebagai Legal & Compliance Group Head                              Profil Pejabat Eksekutif
                                                           The term of office is valid until the end of the term as Legal &   Disclosed in the Executive
                                                           Compliance Group Head                                              Officer Profile section
   9.    Procurement & Fix Asset            Anggota        Masa jabatan berlaku sampai dengan berakhirnya masa jabatan        Dapat dilihat pada bagian
         Group Head                         Member         sebagai Procurement & Fix Asset Group Head                         Profil Pejabat Eksekutif
                                                           The term of office is valid until the end of the term as           Disclosed in the Executive
                                                           Procurement & Fix Asset Group Head                                 Officer Profile section
  10.    Strategic Transformation           Anggota        Masa jabatan berlaku sampai dengan berakhirnya masa                Dapat dilihat pada bagian
         Group Head                         Member         jabatan sebagai Strategic Transformation Group Head                Profil Pejabat Eksekutif
                                                           The term of office is valid until the end of the term as           Disclosed in the Executive
                                                           Strategic Transformation Group Head                                Officer Profile section
  11.    Concession Business                Anggota        Masa jabatan berlaku sampai dengan berakhirnya masa                Dapat dilihat pada bagian
         Planning Group Head                Member         jabatan sebagai Concession Business Planning Group Head            Profil Pejabat Eksekutif
                                                           The term of office is valid until the end of the term as           Disclosed in the Executive
                                                           Concession Business Planning Group Head                            Officer Profile section



Pelaksanaan Tugas Komite Pengarah Teknologi                                    Implementation of the Information Technology
Informasi                                                                      Steering Committee's Duties
Sepanjang tahun 2025, Komite Pengarah Teknologi Informasi                      Throughout 2025, the Information Technology Steering
telah menjalankan mandatnya di bawah Direksi dengan                            Committee has carried out its mandate under the Board
disiplin dan akuntabel. Pelaksanaan tugas diwujudkan                           of Directors with discipline and accountability. The
dalam rapat yang dilaksanakan, yang menjadi wadah diskusi                      implementation of tasks was realised in meetings, which
untuk membahas berbagai isu berkaitan dengan Teknologi                         served as a forum for discussing various issues related to the
Informasi Perseroan. Arahan-arahan yang dihasilkan dalam                       Company's Information Technology. The directives produced
rapat tersebut berfungsi sebagai panduan operasional agar                      in these meetings served as operational guidelines to remain
tetap selaras dengan strategi bisnis besar yang dicanangkan                    in line with the major business strategies announced by the
oleh Direksi.                                                                  Board of Directors.

Rapat Komite Pengarah Teknologi Informasi                                      Information Technology Steering Committee
                                                                               Meetings
Selama tahun 2025, Komite Pengarah Teknologi Informasi                         In 2025, the Information Technology Steering Committee
telah melaksanakan rapat sebanyak 1 (satu) kali, yaitu                         held one meeting with the following agenda:
dengan agenda sebagai berikut:




674                                                                                  Laporan Tahunan 2025 Annual Report       PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




Tabel Pelaksanaan Rapat Komite Pengarah Teknologi Informasi
Table of Information Technology Steering Committee Meetings

                            Tanggal                                                           Agenda Rapat
   No.
                             Date                                                            Meeting Agenda
                                                       1.   Tindak Lanjut IT SteerCo Tahun 2024
                                                       2.   Pencapaian RSTI
                                                       3.   Progress Kajian MLFF
                                                       4.   Implementasi SAP PSAK 118
                                                       5.   IT Maturity Assessment
                                                       6.   Aplikasi TCM
                                                       7.   SK BPO Aplikasi
                                                       8.   Penambahan Tim Teknis IT Steering Committee
                     17 November 2025
    1.
                     November 17, 2025
                                                       1.   Follow-up on IT SteerCo 2024
                                                       2.   RSTI Achievements
                                                       3.   MLFF Study Progress
                                                       4.   Implementation of SAP PSAK 118
                                                       5.   IT Maturity Assessment
                                                       6.   TCM Application
                                                       7.   BPO Application Decree
                                                       8.   Addition of IT Steering Committee Technical Team


Pelatihan Anggota Komite Pengarah Teknologi                                Information Technology Steering Committee
Informasi                                                                  Member Training

Pelatihan yang telah diikuti anggota komite selama tahun                   Training attended by committee members in 2025 is
2025, dapat dilihat pada bagian Pengembangan Kompetensi                    available in the Information Technology Steering Committee
Komite Pengarah Teknologi Informasi pada Bab Profil                        Competency Development section at the Company Profile
Perusahaan.                                                                Chapter.

Pernyataan Independensi Komite Pengarah                                    Statement of Independence of the Information
Teknologi Informasi                                                        Technology Steering Committee

Seluruh anggota komite tidak memiliki afiliasi dengan                      All committee members are not affiliated with other
Direktur Lainnya, Komisaris maupun Pemegang Saham                          Directors, Commissioners, or Controlling Shareholders, are
Pengendali, bukan merupakan pemegang saham Perseroan                       not shareholders of the Company that could influence their
yang dapat mempengaruhi kemampuannya untuk bertindak                       ability to act independently, and are not Commissioners,
independen, Komisaris, Direktur maupun karyawan dari                       Directors, or employees of companies affiliated with or
Perseroan yang memiliki afiliasi maupun bisnis dengan                      doing business with the Company.
Perseroan.

Pengembangan Kompetensi Komite Pengarah                                    Competency Development for the Information
Teknologi Informasi                                                        Technology Steering Committee

Pengembangan Kompetensi Komite Pengarah Teknologi                          Competency development for the Information Technology
Informasi dapat dilihat pada bagian Pengembangan                           Steering Committee is available in the Competency
Kompetensi di Bab Profil Perusahaan dalam Laporan                          Development section at the Company Profile Chapter of this
Tahunan ini.                                                               Annual Report.

Rencana Kerja Komite Pengarah Teknologi                                    Information Technology Steering Committee
Informasi Tahun 2026                                                       Work Plan for 2026

Komite Pengarah Teknologi Informasi telah menyusun                         The Information Technology Steering Committee has
Rencana Kerja untuk tahun 2026. Adapun rencana kerja                       prepared a Work Plan for 2026. The 2026 Work Plan of the
Komite Pengarah Teknologi Informasi Tahun 2026 adalah                      Information Technology Steering Committee is as follows:
sebagai berikut:
1. Pengembangan Aplikasi Travoy Sebagai Layanan                            1. Development of the Travoy Application as a Sustainable
   Pelanggan Terpadu yang Berkelanjutan.                                      Integrated Customer Service.
2. Peningkatan Kapabilitas Real Time Data Processing                       2. Improvement of Real-Time Data Processing Capabilities
   pada Aplikasi TCM.                                                         in the TCM Application.
3. Pengembangan      Sistem    Pendukung     Pemantauan                    3. Development of a Monitoring Support System for
   Pengendalian Internal atas Pelaporan Keuangan.                             Internal Control over Financial Reporting.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                              675
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01                                02                            03                          04                                             05
Ikhtisar Kinerja Utama            Laporan Manajemen             Profil Perusahaan            Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report             Company Profile              Management Discussion and Analysis             Business Support Functions




Komite Sustainability                                                              Sustainability Committee
Pada tahun 2025, Perseroan telah memiliki komitmen                                 By 2025, the Company has made a commitment to sustainability
keberlanjutan dan membentuk Komite Sustainability, yang                            and formed a Sustainability Committee, which is a strategic
merupakan evolusi strategis dari Komite Tanggung Jawab                             evolution of the Social and Environmental Responsibility
Sosial dan Lingkungan (TJSL), dalam rangka memperkuat                              Committee (TJSL), in order to strengthen sustainability
tata kelola keberlanjutan, mengeksekusi Road Map ESG                               governance, execute the 2025–2029 ESG Road Map, and
2025–2029, serta mengintegrasikan keberlanjutan ke                                 integrate sustainability into the entire value chain of Jasa
dalam seluruh rantai nilai bisnis Jasa Marga, sesuai dengan                        Marga’s business, in accordance with the Minister of State-
Peraturan Menteri BUMN Nomor PER-1/MBU/03/2023                                     Owned Enterprises Regulation Number PER-1/MBU/03/2023
tentang Penugasan Khusus dan Program Tanggung Jawab                                concerning Special Assignments and Social and Environmental
Sosial dan Lingkungan Badan Usaha Milik Negara.                                    Responsibility Programs of State-Owned Enterprises.

Pembentukan Komite Sustainability ditetapkan melalui                               The establishment of the Sustainability Committee was
Keputusan Direksi Nomor 145/KPTS/2025 tanggal 26                                   stipulated through Board of Directors Decree Number 145/
September 2025 tentang Pembentukan Komite Sustainability                           KPTS/2025 dated September 26, 2025 concerning the
di Lingkungan PT Jasa Marga (Persero) Tbk. Maka dengan                             Establishment of a Sustainability Committee within PT Jasa
demikian, Keputusan Direksi Nomor 154/KPTS/2024 tanggal                            Marga (Persero) Tbk. Therefore, Board of Directors Decision
1 Agustus 2024 tentang Penetapan Komite Tanggung                                   Number 154/KPTS/2024 dated August 1, 2024 concerning the
Jawab Sosial dan Lingkungan (TJSL) Periode 2024–2025                               Establishment of the Social and Environmental Responsibility
di Lingkungan Jasa Marga Group serta Keputusan Direksi                             Committee (TJSL) for the 2024–2025 Period within the Jasa
Nomor 169/KPTS/2022 tanggal 23 Desember 2022 tentang                               Marga Group, as well as Board of Directors Decree No. 169/
Pembentukan Struktur Organisasi serta Tugas dan Tanggung                           KPTS/2022 dated December 23, 2022, concerning the
Jawab Komite Tanggung Jawab Sosial dan Lingkungan                                  Establishment of the Organizational Structure and Duties and
di Lingkungan PT Jasa Marga (Persero) Tbk dinyatakan                               Responsibilities of the Social and Environmental Responsibility
tidak berlaku. Adapun penjelasan lebih lengkap mengenai                            Committee within PT Jasa Marga (Persero) Tbk, are
pelaksanaan Tanggung Jawab Sosial dan Lingkungan                                   hereby declared invalid. A more detailed explanation of the
Perseroan telah tertuang dalam Laporan Keberlanjutan.                              implementation of the Company’s Social and Environmental
                                                                                   Responsibility is contained in the Sustainability Report.

Kedudukan Komite Sustainability                                                    Sustainability Committee’s Position

Dalam struktur Tata Kelola Perusahaan, kedudukan bagan                             Within the Corporate Governance structure, the
yang menunjukkan kedudukan Komite Sustainability dalam                             organizational chart showing the position of the
Struktur Organisasi berada di bawah Direksi dan langsung                           Sustainability Committee in the Organizational Structure
bertanggung jawab kepada Direksi.                                                  is under the Board of Directors and reports directly to the
                                                                                   Board of Directors.


                                                                        Steering Committee
                                                 Direksi & Corporate Secretary & Chief Administration Officer
                                              Board of Directors, Corporate Secretary & Chief Administration Officer




                                                                     Organizing Committee



                                                                         Ketua | Chairman
                                                                Corporate Communication &
                                                             Community Development Group Head



                                        Wakil I | Deputy I                                              Wakil II | Deputy II

                                      Engineering Planning                                         Risk & Quality, Health, Safety
                                          Group Head                                                & Environment Group Head



                                                                     Sekretaris | Secretary
                                                                   Environment, Social, and
                                                                  Governance (ESG) Advisor



                                                                            Anggota
                                                                            Member



            Unit Kerja Kantor Pusat                                                                                            Anak Perusahaan Jalan Tol
                                                     Service Provider                       Regional Division
            Head Office Work Units                                                                                               Toll Road Subsidiaries




676                                                                                         Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Tugas dan Fungsi                                                      Duties and Functions
Tugas dan tanggung jawab Komite Sustainability                        The duties and responsibilities of the Sustainability
berdasarkan Surat Keputusan Direksi No. 145/KPTS/2025                 Committee, based on Board of Directors Decree No. 145/
tanggal 26 September 2025 adalah sebagai berikut:                     KPTS/2025 dated September 26, 2025, are as follows:

A. Steering Committee, yaitu:                                         A. Steering Committee, namely:
   1. Memberikan arahan strategis terkait strategi                       1. Providing strategic direction related to the
      keberlanjutan Perseroan yang mengacu pada Pilar                       Company’s sustainability strategy with reference to
      ESG;                                                                  the ESG Pillars;
   2. Menentukan arah dan Kebijakan Keberlanjutan                        2. Determining the direction and Sustainability Policy in
      (Sustainability Policy) sesuai dengan visi, misi dan                  accordance with the Company’s vision, mission, and
      tujuan Perseroan;                                                     objectives;
   3. Memberikan arahan strategis terkait aspek                          3. Providing strategic direction related to sustainability
      keberlanjutan agar menjadi bagian dari budaya dan                     aspects to become part of the Company’s culture
      strategi Perseroan;                                                   and strategy;
   4. Memberikan masukan, saran dan persetujuan                          4. Providing input, advice, and approval or rejection
      atau penolakan terhadap setiap inisiatif strategis                    of every strategic sustainability initiative of the
      keberlanjutan Perseroan;                                              Company;
   5. Melakukan pengawasan, pemantauan dan evaluasi                      5. Overseeing, monitoring, and evaluating the
      atas ketercapaian indikator strategi dan program                      achievement of sustainability strategy and program
      keberlanjutan; dan                                                    indicators; and
   6. Menyetujui serta melaporkan ketercapaian kinerja                   6. Approve and report on the achievement of the
      strategi keberlanjutan Perseroan melalui Laporan                      Company’s sustainability strategy performance
      Keberlanjutan (Sustainability Report) tahunan.                        through an annual Sustainability Report.

B. Organizing Committee, yaitu:                                       B. Organizing Committee, namely:
   1. Mendukung dan memastikan setiap aspek strategi                     1. Supporting and ensuring that every aspect of
      keberlanjutan menjadi bagian dari budaya dan                          the sustainability strategy becomes part of the
      strategi Perseroan;                                                   Company’s culture and strategy;
   2. Menganalisis dan mengevaluasi strategi keberlanjutan               2. Analyzing and evaluating the Company’s sustainability
      Perusahaan selaras dengan setiap perkembangan                         strategy in line with global sustainability strategy
      dan tren strategi keberlanjutan global;                               developments and trends;
   3. Memastikan setiap inisiatif strategi keberlanjutan                 3. Ensuring that every Company’s sustainability
      Perseroan sejalan dengan peraturan perundangan                        strategy initiative is in line with applicable laws and
      yang berlaku;                                                         regulations;
   4. Melakukan monitoring dan evaluasi ketercapaian                     4. Monitoring and evaluating the achievement of
      seluruh indikator kinerja strategi keberlanjutan                      all Company sustainability strategy performance
      Perseroan; dan                                                        indicators; and
   5. Melakukan penjabaran (cascading) target strategi                   5. Cascading the Company’s sustainability strategy
      keberlanjutan Perseroan kepada Anak Perusahaan                        targets to Jasa Marga Group Subsidiaries.
      Jasa Marga Group.

     B.1. Ketua, yaitu:                                                    B.1. Chairman, namely:
          1. Memimpin rapat Komite;                                        1. Leading Committee meetings;
          2. Bertanggung jawab atas semua kegiatan                         2. Being responsible for all activities related to
             perencanaan, pelaksanaan, evaluasi Kebijakan                       the planning, implementation, and evaluation of
             Keberlanjutan (Sustainability Policy) yang sesuai                  the Sustainability Policy in accordance with the
             dengan Road Map dan Action Plan ESG Perseroan                      Company’s ESG Road Map and Action Plan so that
             sehingga selaras dengan perkembangan global                        it is in line with global developments and applicable
             dan peraturan yang berlaku;                                        regulations;
          3. Menetapkan          Kebijakan       Keberlanjutan             3. Establishing the Sustainability Policy in accordance
             (Sustainability Policy) sesuai dengan Road Map                     with the Company’s ESG Road Map and Action Plan
             dan Action Plan ESG Perseroan yang dituangkan                      as outlined in the Company’s Work Plan and Budget
             ke dalam Rencana Kerja dan Anggaran                                (RKAP) and Long-Term Plan (RJPP); and
             Perusahaan (RKAP) serta Rencana Jangka
             Panjang Perusahaan (RJPP); dan
          4. Mengoordinasikan fungsi Direktorat, Unit Kerja                4. Coordinate the functions of the Directorate, Work
             dan Bidang yang terkait dalam implementasi                       Units, and Related Fields in the Sustainability Policy
             Kebijakan Keberlanjutan (Sustainability Policy)                  implementation per the Company’s ESG Road Map
             sesuai dengan Road Map dan Action Plan ESG                       and Action Plan.
             Perseroan.

     B.2.Wakil I, yaitu:                                              B.2. Deputy I, namely:
         1. Membantu dan mewakili tugas-tugas Ketua atas                  1. Assisting and representing the Chairman’s duties
            arahan dan persetujuan Ketua;                                    under the Chairman’s direction and approval;


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01                           02                       03                         04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen        Profil Perusahaan           Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report        Company Profile             Management Discussion and Analysis       Business Support Functions




          2. Menyosialisasikan dan mempublikasikan program-                 2. Disseminating and publicizing the Company’s
             program Kebijakan Keberlanjutan (Sustainability                   Sustainability Policy programs in accordance with
             Policy) sesuai dengan Road Map dan Action Plan                    the Company’s ESG Road Map and Action Plan to
             ESG Perseroan yang dilaksanakan Perseroan                         internal and external stakeholders;
             kepada pihak pemangku kepentingan dari internal
             dan eksternal Perseroan;
          3. Membantu dan mewakili tugas-tugas Ketua atas                   3. Assisting and representing the Chairman in carrying
             arahan dan persetujuan Ketua; dan                                 out duties under the Chairman’s direction and
                                                                               approval; and
          4. Menyusun laporan berkala dan                Laporan            4. Preparing periodic reports and Sustainability
             Keberlanjutan (Sustainability Report).                            Reports.

     B.2.Wakil II, yaitu:                                                B.3.Deputy II, namely:
         1. Membantu dan mewakili tugas-tugas Ketua atas                     1. Assisting and representing the Chairman in carrying
            arahan dan persetujuan Ketua;                                       out duties under the Chairman’s direction and approval;
         2. Menyosialisasikan dan mempublikasikan program-                   2. Disseminating and publicizing the Company’s
            program Kebijakan Keberlanjutan (Sustainability                     Sustainability Policy programs in accordance with
            Policy) sesuai dengan Road Map dan Action Plan                      the Company’s ESG Road Map and Action Plan
            ESG Perseroan yang dilaksanakan Perseroan                           implemented by the Company to internal and
            kepada pihak pemangku kepentingan dari internal                     external stakeholders;
            dan eksternal Perusahaan;
         3. Membantu dan mewakili tugas-tugas Ketua atas                    3. Assisting and representing the Chairman in carrying
            arahan dan persetujuan Ketua; dan                                  out duties under the Chairman’s direction and
                                                                               approval; and
          4. Menyusun laporan berkala dan                Laporan            4. Preparing periodic reports and Sustainability
             Keberlanjutan (Sustainability Report).                            Reports.

     B.4. Sekretaris, yaitu:                                             B.4.Secretary, namely:
         1. Menyusun         dan   mempersiapkan       semua                 1. Preparing and arranging all administrative and
            kelengkapan administrasi dan dokumentasi                            documentation     requirements     for  Committee
            yang diperlukan dalam rapat Komite agar dapat                       meetings so that they can be distributed to internal
            didistribusikan ke pihak pemangku kepentingan                       and external stakeholders of the Company, including,
            dari internal dan eksternal Perusahaan, meliputi                    among others:
            antara lain:
            a. perencanaan rapat;                                                  a.  meeting planning;
            b. penyusunan agenda dan rencana pembahasan;                           b.  preparing the agenda and discussion plan;
            c. pencatatan notulen;                                                 c.  recording of minutes;
            d. persiapan daftar hadir Komite Sustainability;                       d.  preparation of the Sustainability Committee
                dan                                                                    attendance list; and
            e. progres       pembahasan     kinerja  strategi                      e. progress of discussions on the Company’s
                keberlanjutan Perusahaan dan hasil rapat,                              sustainability strategy performance and meeting
                dalam bentuk risalah rapat, materi rapat dan                           results, in the form of meeting minutes, meeting
                data pendukung lainnya.                                                materials, and other supporting data.
         2. Mengundang          Anggota      Komite     untuk               2.     Inviting Committee Members to attend committee
            melaksanakan rapat komite;                                             meetings;
         3. Melakukan kegiatan korespondensi antara                         3.     Conducting correspondence between the Steering
            Steering Committee, Organizing Committee dan                           Committee, Organizing Committee, and other
            pihak-pihak terkait lainnya;                                           relevant parties;
        4. Mengumpulkan dokumen dan data terkait                            4.     Collecting documents and data related to the
            strategi keberlanjutan Perusahaan; dan                                 Company’s sustainability strategy; and
        5. Melakukan monitoring dan evaluasi atas                           5.     Monitoring and evaluating the reporting of the
            pelaporan      kinerja   strategi   keberlanjutan                      Company’s sustainability strategy performance
            Perusahaan melalui platform digital.                                   through a digital platform.

     B.5. Anggota, yaitu:                                                B.5.Members, namely:
         1. Melakukan kajian, monitoring, dan evaluasi                       1. Conducting studies, monitoring, and evaluating
            pencapaian strategi keberlanjutan di Perusahaan                     the achievement of sustainability strategies at the
            dan Anak Perusahaan Jasa Marga Group sesuai                         Company and Jasa Marga Group Subsidiaries in
            bidangnya masing-masing;                                            accordance with their respective fields;
         2. Mempersiapkan data, dokumen, dan sumber                          2. Preparing the data, documents, and resources
            daya yang dibutuhkan untuk meminimalisasi risiko                    needed to minimize the risk of failure in achieving
            kegagalan pencapaian strategi keberlanjutan                         the Company’s sustainability strategy;
            Perusahaan;




678                                                                           Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan    Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility     Reference of POJK, SEOJK, and ARA Criteria




         3. Melakukan review atas kepatuhan terhadap                        3. Reviewing compliance with applicable laws,
            ketentuan, peraturan perundang-undangan                            regulations, and internal procedures relevant to the
            yang berlaku, dan prosedur internal yang relevan                   Company’s sustainability strategy;
            dengan strategi keberlanjutan Perusahaan;
         4. Menyusun laporan triwulan yang terdiri                     4. Preparing quarterly reports consisting of progress and/
            atas progres dan/atau hasil kinerja strategi                  or performance results of the sustainability strategy to
            keberlanjutan    kepada      Sekretaris    untuk              the Secretary to be presented at Committee meetings;
            disampaikan dalam rapat Komite; dan                           and
         5. Memberikan rekomendasi program kerja terkait               5. Providing recommendations for work programs related
            implementasi strategi keberlanjutan Perusahaan.               to the implementation of the Company’s sustainability
                                                                          strategy.

Struktur Keanggotaan dan Profil Anggota                                 Membership Structure and Member Profiles

Berdasarkan Surat Keputusan Direksi Nomor 145/KPTS/2025                Based on Board of Directors Decree No. 145/KPTS/2025
Tanggal 26 September 2025 tentang Pembentukan Komite                   dated September 26, 2025, on the Establishment of a
Sustainability di Lingkungan PT Jasa Marga (Persero) Tbk,              Sustainability Committee within PT Jasa Marga (Persero)
susunan anggota Komite Sustainability adalah sebagai                   Tbk, the composition of the Sustainability Committee
berikut:                                                               members is as follows:

Tabel Susunan Anggota Komite Sustainability
Table of Sustainability Committee Membership Structure


                                                    Jabatan                                                   Kedudukan Dalam Komite
 No.                                                Position                                                  Position in the Committee
        Direksi dan Corporate Secretary & Chief Administration Officer
  1.                                                                                                              Steering Committee
        Board of Directors and Corporate Secretary & Chief Administration Officer

  2.    Corporate Communication and Community Development Group Head                                                Ketua | Chairman

  3.    Engineering Planning Group Head                                                                             Wakil I | Deputy I

  4.    Risk & Quality, Health, Safety & Environment Group Head                                                    Wakil II | Deputy II

  5.    Environment, Social & Governance Advisor                                                                  Sekretaris | Secretary

        Para Senior Group Head, Senior General Manager, Group Head, Direktur Anak Perusahaan
  6.                                                                                                               Anggota | Member
        Senior Group Heads, Senior General Managers, Group Heards, Subsidiary Directors


Pelatihan Anggota Komite Sustainability                                Sustainability Committee Member Training

Pelatihan yang telah diikuti anggota komite selama tahun               Training attended by committee members in 2025 is
2025, dapat dilihat pada bagian Pengembangan Kompetensi                available in the Competency Development section at the
pada Bab Profil Perusahaan.                                            Company Profile Chapter.

Pernyataan Independensi Komite Sustainability                          Statement of Independence of the Sustainability
                                                                       Committee

Seluruh anggota komite tidak memiliki afiliasi dengan Direktur         All committee members are not affiliated with other
Lainnya, Komisaris maupun Pemegang Saham Pengendali,                   Directors, Commissioners, or Controlling Shareholders, are
bukan merupakan pemegang saham Perseroan yang dapat                    not shareholders of the Company that could influence their
mempengaruhi kemampuannya untuk bertindak independen,                  ability to act independently, and are not Commissioners,
Komisaris, Direktur maupun karyawan dari perusahaan yang               Directors, or employees of companies affiliated with or
memiliki afiliasi maupun bisnis dengan Perseroan.                      doing business with the Company.

Pelaksanaan Tugas Komite Sustainability pada                           Implementation of Sustainability Committee
Tahun 2025                                                             Duties in 2025

Adapun pelaksanaan kerja Komite Sustainability Tahun 2025              The implementation of the Sustainability Committee’s work
adalah sebagai berikut:                                                in 2025 is as follows:
1. Perubahan Nomenklatur dan Penyesuaian Ruang                         1. Changes in Nomenclature and Adjustments to the Scope
   Lingkup Organisasi                                                      of the Organization
   Pelaksanaan tugas pada tahun 2025 diawali dengan                        The implementation of tasks in 2025 began with
   penyesuaian struktural, yaitu transformasi Komite                       structural adjustments, i.e., the transformation of the
   Tanggung Jawab Sosial dan Lingkungan (TJSL) menjadi                     Social and Environmental Responsibility Committee
   Komite Sustainability yang ditetapkan melalui Keputusan                 (TJSL) into the Sustainability Committee, which was
   Direksi No. 145/KPTS/2025. Perubahan ini diikuti dengan                 stipulated through Board of Directors Decree No. 145/



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Ikhtisar Kinerja Utama       Laporan Manajemen    Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report    Company Profile          Management Discussion and Analysis       Business Support Functions




     penyesuaian tugas dan tanggung jawab seluruh anggota               KPTS/2025. This is followed by adjustments to the
     Komite, dari Sustainability Program Officer (SPO) hingga           duties and responsibilities of all Committee members,
     Sustainability Data Compiler (SDC), untuk memperluas               from the Sustainability Program Officer (SPO) to the
     cakupan fokus kerja dari hanya TJSL menjadi mencakup               Sustainability Data Compiler (SDC), to expand the work
     keseluruhan aspek Environment, Social, and Governance              scope from only TJSL to cover all Environment, Social,
     (ESG), termasuk risiko iklim, di lingkungan Perusahaan             and Governance (ESG) aspects, including climate risk,
     dan Anak Perusahaan Jasa Marga Group.                              within the Company and Jasa Marga Group Subsidiaries.

2. Penguatan      Fondasi     Kebijakan   dan    Pemetaan            2. Strengthening the Foundation of Sustainability Policy
   Keberlanjutan                                                        and Mapping
   Komite melaksanakan kajian mendalam atas Kebijakan                   The Committee conducted an in-depth review of the
   Keberlanjutan     Perusahaan,      khususnya    dengan               Company’s Sustainability Policy, specifically by analyzing
   menganalisis kesesuaian program ESG terhadap target-                 the alignment of ESG programs with global targets,
   target global, seperti Transforming Our World: The                   such as Transforming Our World: The 2030 Agenda for
   2030 Agenda for Sustainable Development (SDGs).                      Sustainable Development (SDGs). The results of this
   Hasil dari analisis ini digunakan untuk membuat peta                 analysis were used to create a Sustainability Map, which
   Sustainability (Sustainability Map) yang menjadi dasar               became the basis for determining priority strategies and
   penetapan strategi dan program prioritas di tahun 2025.              programs in 2025. The Committee is also tasked with
   Komite juga bertugas mengidentifikasi dan mengusulkan                identifying and proposing new priority programs, as well
   program prioritas baru, serta mengevaluasi efektivitas               as evaluating the effectiveness of programs that have
   program yang telah berjalan sebelumnya.                              been implemented previously.

3. Penyiapan dan Dukungan Data untuk Sustainability                  3. Data Preparation and Support for the 2025 Sustainability
   Report (SR) 2025                                                     Report (SR)
   Sebagai bagian dari tugas wajib, Komite secara aktif                 As part of its mandatory duties, the Committee actively
   melaksanakan penyiapan data dan penyusunan draf                      prepares data and drafts the Sustainability Report
   Laporan Keberlanjutan (Sustainability Report) untuk                  for the 2025 period. This involves Sustainability Data
   periode tahun 2025. Pelaksanaan ini melibatkan                       Compilers (SDCs) in all work units compiling program
   Sustainability Data Compiler (SDC) di seluruh unit                   realization data in accordance with the approved format,
   kerja untuk menyusun data realisasi program sesuai                   and facilitating Sustainability Program Officers (SPOs) in
   format yang disetujui, dan memfasilitasi Sustainability              evaluating data and assisting in the report preparation
   Program Officer (SPO) dalam melakukan evaluasi data                  process, ensuring that the data presented is transparent
   dan membantu proses penyusunan laporan, memastikan                   and accountable in accordance with applicable reporting
   data yang disajikan transparan dan akuntabel sesuai                  standards.
   standar pelaporan yang berlaku.

4. Inisiasi Implementasi Awal Roadmap dan Koordinasi                 4. Initiating Initial Roadmap Implementation and Routine
   Rutin                                                                Coordination
   Berdasarkan Roadmap ESG 2025-2029, tahun 2025                        Based on the 2025-2029 ESG Roadmap, 2025 marks
   merupakan inisiasi Fase Define & Prepare, termasuk                   the initiation of the Define & Prepare Phase, including
   sosialisasi kebijakan baru dan integrasi risiko iklim                the dissemination of new policies and the integration
   ke dalam manajemen risiko Perusahaan. Secara                         of climate risk into the Company’s risk management.
   operasional, Komite menyelenggarakan rapat-rapat                     Operationally, the Committee holds regular coordination
   koordinasi rutin di bawah Organizing Committee untuk                 meetings under the Organizing Committee to conduct
   melakukan monitoring dan evaluasi awal (MONEV) atas                  initial monitoring and evaluation (MONEV) of the
   implementasi program ESG yang baru dan memastikan                    implementation of the new ESG program and ensure
   dukungan anggaran serta ketersediaan sumber daya                     budget support and the availability of resources needed
   yang diperlukan untuk menjalankan inisiatif-inisiatif                to carry out sustainability initiatives.
   keberlanjutan.

5. Penyelenggaraan Summit dan Peningkatan Kapabilitas                5. Summit Organization and Capability Enhancement
   Melalui JSCS 2025                                                    Through JSCS 2025
   Komite Sustainability melaksanakan puncak kegiatan                   The Sustainability Committee held the peak of its
   koordinasi dan internalisasi melalui Jasa Marga                      coordination and internalization activities through the
   Sustainability and Communication Summit (JSCS)                       Jasa Marga Sustainability and Communication Summit
   2025 yang diselenggarakan pada Senin-Selasa, 10-11                   (JSCS) 2025, which was held on Monday-Tuesday,
   November 2025. Kegiatan ini mencakup pengukuhan                      November 10-11, 2025. This event includes the official
   resmi Komite Sustainability yang ditandai dengan                     inauguration of the Sustainability Committee, marked
   penyematan atribut komite sebagai simbolisasi                        by the presentation of committee attributes as a symbol
   transformasi tata kelola dari sekadar TJSL menjadi                   of the transformation of governance from TJSL to an
   fokus ESG yang terintegrasi. Forum ini juga berfungsi                integrated ESG focus. This forum also served as a key
   sebagai sarana capacity building utama yang meliputi                 capacity building tool, covering the dissemination of
   sosialisasi Action Plan dalam ESG Roadmap 2025-2029,                 the Action Plan in the 2025-2029 ESG Roadmap, the
   pembekalan standar pelaporan global baru (IFRS S1 &                  provision of new global reporting standards (IFRS S1 &
   S2), serta pelaksanaan workshop teknis pengukuran                    S2), and the implementation of technical workshops on


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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




     dampak program TJSL menggunakan metode Social                         measuring the impact of TJSL programs using the Social
     Return on Investment (SROI) dan Indeks Kepuasan                       Return on Investment (SROI) and Community Satisfaction
     Masyarakat (IKM). Hal ini bertujuan untuk memastikan                  Index (IKM) methods. This aims to ensure that all
     seluruh anggota komite memiliki pemahaman yang                        committee members have a uniform understanding and
     seragam dan kompetensi teknis yang memadai untuk                      adequate technical competence to evaluate program
     mengevaluasi dampak program serta mendukung                           impact and support the achievement of the company’s
     pencapaian target ESG Rating perusahaan.                              ESG Rating targets.

Rapat Komite Sustainability                                           Sustainability Committee Meetings

Selama tahun 2025, Komite Sustainability telah                        In 2025, the Sustainability Committee held 2 (two) meetings
melaksanakan rapat sebanyak 2 kali, yaitu dengan agenda               with the following agenda:
sebagai berikut:

Tabel Pelaksanaan Rapat Komite Sustainability
Table of Sustainability Committee Meetings

                   Tanggal                                                     Agenda Rapat
  No.
                    Date                                                      Meeting Agenda
    1.    10-11 November 2025          Jasa Marga Sustainability and Communication Summit (JSCS) 2025
          November 10-11, 2025

   2.     18 Desember 2025             Focus Group Discussion (FGD) Penentuan Topik Material Sustainability Report Tahun Buku 2025
          December 18, 2025            PT Jasa Marga (Persero) Tbk
                                       Focus Group Discussion (FGD) Penentuan Topik Material Sustainability Report Tahun Buku 2025
                                       PT Jasa Marga (Persero) Tbk


Pengembangan Kompetensi Komite                                        Competency Development for the Sustainability
Sustainability                                                        Committee

Pengembangan Kompetensi Komite Sustainability dapat                   Competency development for the Sustainability Committee
dilihat pada bagian Pengembangan Kompetensi di Bab Profil             is available in the Competency Development section at the
Perusahaan dalam Laporan Tahunan ini.                                 Company Profile Chapter of this Annual Report.

Rencana Kerja Komite Sustainability Tahun 2026                        Sustainability Committee Work Plan for 2026

Komite Sustainability telah menyusun Rencana Kerja untuk              The Sustainability Committee has prepared a Work Plan for
tahun 2026. Adapun rencana kerja Komite Sustainability                2026. The Sustainability Committee’s Work Plan for 2026 is
Tahun 2026 adalah sebagai berikut:                                    as follows:
1. Pelaksanaan Rapat Rutin dan Pengawasan Program                     1. Conducting Regular Meetings and Monitoring Work
   Kerja                                                                  Programs
   Komite Sustainability, melalui Organizing Committee, akan              Through Organizing Committee the Sustainability
   menyelenggarakan rapat-rapat rutin sekurang-kurangnya                  Committee will hold regular meetings at least twice a year
   dua kali dalam setahun untuk membahas kemajuan                         to discuss the progress and challenges of implementing
   dan tantangan implementasi Kebijakan Keberlanjutan                     the Company’s Sustainability Policy. These meetings
   Perusahaan. Rapat ini akan berfokus pada pelaksanaan                   will focus on the implementation of the Committee’s
   tugas dan tanggung jawab Komite, termasuk melakukan                    duties and responsibilities, including conducting
   kajian, monitoring, dan evaluasi pencapaian strategi                   studies, monitoring, and evaluating the achievement of
   keberlanjutan di Perusahaan dan Anak Perusahaan Jasa                   sustainability strategies at the Company and Jasa Marga
   Marga Group sesuai bidangnya masing-masing.                            Group Subsidiaries in their respective fields.
2. Dukungan      Data      untuk      Penyusunan        Laporan       2. Data Support for the Preparation of the 2026
   Keberlanjutan 2026                                                     Sustainability Report
   Komite memiliki tanggung jawab kolektif untuk                          The Committee has a collective responsibility to prepare
   menyiapkan data dan mendukung penyusunan Laporan                       data and support the preparation of the Sustainability
   Keberlanjutan (Sustainability Report). Pada tahun 2026,                Report. In 2026, the Committee will facilitate data
   Komite akan memfasilitasi pengumpulan dan penyusunan                   collection and compilation (Sustainability Data Compiler)
   data (Sustainability Data Compiler) serta membantu                     and assist in data analysis (Sustainability Program
   penganalisisan data (Sustainability Program Officer) untuk             Officer) for reports to be prepared based on the Task
   laporan yang akan disusun berdasarkan standar Task                     Force on Climate-related Financial Disclosures (TCFD)
   Force on Climate-related Financial Disclosures (TCFD)                  and Sustainability Accounting Standards Board (SASB)
   dan Sustainability Accounting Standards Board (SASB).                  standards. This includes identifying physical and
   Hal ini mencakup identifikasi risiko fisik dan transisi akibat         transition risks due to climate change and integrating
   perubahan iklim, serta integrasinya ke dalam risk register.            them into the risk register.




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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




3. Realisasi Penuh Roadmap ESG Fase Move dan                        3. Full Realization of the ESG Roadmap Move Phase and
   Sosialisasi Kebijakan                                               Policy Dissemination
   Pada tahun 2026, Komite akan memastikan realisasi                   In 2026, the Committee will ensure the full realization of
   penuh dari fase Move dalam Roadmap ESG, yang antara                 the Move phase of the ESG Roadmap, which includes
   lain meliputi sosialisasi dan implementasi kebijakan ESG            the dissemination and implementation of approved ESG
   yang telah disahkan serta integrasi budaya ESG melalui              policies and the integration of ESG culture through the
   persiapan infrastruktur Commander. Selain itu, Komite               preparation of Commander infrastructure. In addition,
   akan mendukung penyusunan dan pengajuan anggaran                    the Committee will support the preparation and
   serta sumber daya yang diperlukan untuk implementasi                submission of budgets and resources needed for the
   inisiatif-inisiatif di tahun 2026.                                  implementation of initiatives in 2026.
4. Aksi Keberlanjutan Spesifik dan Kepatuhan Regulasi               4. Specific Sustainability Actions and Regulatory Compliance
   Komite akan memantau inisiatif utama tahun 2026,                    The Committee will monitor key initiatives in 2026,
   termasuk verifikasi perhitungan emisi dengan pihak                  including verification of emissions calculations with
   ketiga independen, penetapan target reduksi emisi, dan              independent third parties, setting emission reduction
   skenario Net Zero Emission. Selanjutnya, Komite akan                targets, and Net Zero Emission scenarios. Furthermore,
   memastikan inisiatif strategi keberlanjutan Perusahaan              the Committee will ensure that the Company’s
   sejalan dengan peraturan perundang-undangan yang                    sustainability strategy initiatives are in line with
   berlaku, termasuk melakukan review atas kepatuhan                   applicable laws and regulations, including reviewing
   terhadap ketentuan dan prosedur internal yang relevan               the compliance of the Corporate Secretary with internal
   dengan strategi keberlanjutan Perusahaan.                           provisions and procedures relevant to the Company’s
                                                                       sustainability strategy.


Sekretaris Perusahaan                                               Corporate Secretary
Sekretaris Perusahaan atau Corporate Secretary merupakan            The Corporate Secretary is an organ under the Board of
organ di bawah Direksi yang salah satu tugasnya adalah              Directors whose duties include ensuring the transparency
memastikan aspek keterbukaan informasi perusahaan                   of the company’s information. The existence of Jasa
terbuka. Keberadaan Corporate Secretary Jasa Marga                  Marga’s Corporate Secretary is in accordance with Financial
sesuai dengan Peraturan Otoritas Jasa Keuangan (OJK)                Services Authority (OJK) Regulation No. 35/POJK.04/2014
No. 35/POJK.04/2014 tentang Sekretaris Perusahaan                   on Corporate Secretaries of Issuers or Public Companies,
Emiten atau Perusahaan Publik, yang pada dasarnya untuk             established to improve services to shareholders and
meningkatkan pelayanan kepada para pemegang saham                   investors for public companies. The Corporate Secretary is
dan investor bagi perusahaan publik. Corporate Secretary            appointed and dismissed by the President Director.
diangkat dan diberhentikan oleh Direktur Utama.

Dalam Struktur Organisasi Perseroan, berdasarkan                    In the Company’s Organizational Structure, based on
Keputusan Direksi No. 200/KPTS/2025 tanggal 31                      Board of Directors Decree No. 200/KPTS/2025 dated
Desember 2025 tentang Struktur Organisasi PT Jasa Marga             December 31, 2025, on the Organizational Structure
(Persero) Tbk, dan Keputusan Direksi No. 01/KPTS/2026               of PT Jasa Marga (Persero) Tbk, and Board of Directors
tanggal 02 Januari 2026 tentang Perubahan Kelima atas               Decree No. 01/KPTS/2026 dated January 02, 2026
Keputusan Direksi Nomor: 11/KPTS/2022 (tanggal 31                   concerning the Fifth Amendment to the Board of Directors’
Januari 2022) tentang Organisasi dan Uraian Jabatan                 Decision No. 11/KPTS/2022 (dated 31 January 2022)
Kantor Pusat PT Jasa Marga (Persero) Tbk, fungsi Sekretaris         regarding the Organization and Job Descriptions of the
Perusahaan dilaksanakan oleh Corporate Secretary and                Head Office of PT Jasa Marga (Persero) Tbk, the function
Chief Administration Officer (CAO) yang bertanggung jawab           of Corporate Secretary is carried out by the Corporate
secara langsung kepada Direktur Utama.                              Secretary and Chief Administration Officer (CAO) who
                                                                    reports directly to the President Director.

Dasar Pengangkatan Sekretaris Perusahaan                            Corporate Secretary Appointment Basis

Pembentukan, pengangkatan, dan pelaksanaan fungsi serta             The establishment, appointment, and performance of the
tugas Corporate Secretary and Chief Administration Officer,         functions and duties of the Corporate Secretary and Chief
antara lain mengacu pada:                                           Administration Officer, among others, are based on:
1. Anggaran Dasar Jasa Marga.                                       1. The Articles of Association of Jasa Marga.
2. Peraturan Otoritas Jasa Keuangan No. 35/POJK.04/2014             2. Financial Services Authority Regulation No. 35/
   tentang Sekretaris Perusahaan Emiten atau Perusahaan                POJK.04/2014 on the Corporate Secretary of Issuers or
   Publik.                                                             Public Companies.
3. Surat Keputusan Direksi PT Bursa Efek Indonesia No. KEP-         3. Board of Directors Decree of PT Bursa Efek Indonesia
   00001/BEI/01-2014 Perihal Perubahan Peraturan No. I-A:              No. KEP-00001/BEI/01-2014 on Amendments to
   Tentang Pencatatan Saham dan Efek Bersifat Ekuitas                  Regulation No. I-A: on the Listing of Shares and Equity
   Selain Saham yang Diterbitkan oleh Perusahaan Tercatat.             Securities Other Than Shares Issued by Listed Companies.
4. Peraturan Menteri Badan Usaha Milik Negara No. PER-              4. Minister of State-Owned Enterprises Regulation
   2/MBU/03/2023, tanggal 24 Maret 2023, tentang                       No. PER-2/MBU/03/2023, dated March 24, 2023, on
   Pedoman Tata Kelola dan Kegiatan Korporasi Signifikan               Guidelines for Corporate Governance and Significant
   Badan Usaha Milik Negara.                                           Corporate Activities of State-Owned Enterprises.


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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




5. Peraturan Menteri Badan Usaha Milik Negara No. PER-                5. Minister of State-Owned Enterprises Regulation No. PER-
   3/MBU/03/2023, tanggal 24 Maret 2023, tentang Organ                   3/MBU/03/2023, dated March 24, 2023, on the Organs
   dan Sumber Daya Manusia Badan Usaha Milik Negara.                     and Human Resources of State-Owned Enterprises.

Profil Pejabat Sekretaris Perusahaan                                   Corporate Secretary Officer Profile

Ari Wibowo                                                            Ari Wibowo
Corporate Secretary & Chief Administration Officer (CAO)              Corporate Secretary & Chief Administration Officer (CAO)
Profil Corporate Secretary & Chief Administration Officer             The profile of the Corporate Secretary & Chief Administration
dapat dilihat pada Bab Profil Perusahaan dalam buku                   Officer is available in the Company Profile section of this
Laporan Tahunan ini.                                                  Annual Report.

Fungsi, Tugas dan Tanggung Jawab Sekretaris                           Corporate Secretary Function, Duties, and
Perusahaan                                                            Responsibilities

Fungsi Corporate Secretary and Chief Administration Officer           The functions of the Corporate Secretary and Chief
adalah sebagai berikut:                                               Administration Officer are as follows:
1. Memimpin, mengarahkan dan memastikan penyusunan                    1. Leading, directing, and ensuring the formulation of plans
   rencana dan kebijakan Program Tanggung Jawab                          and policies for Social and Environmental Responsibility
   Sosial dan Lingkungan sebagai bagian dari program                     Programs as part of the Corporate Social Responsibility
   Tanggung Jawab Sosial Perusahaan Corporate Social                    (CSR) program, Sustainable Development Goals (SDGs),
   Responsibility/CSR), Sustainable Development Goals                    formulating plans and policies for effective corporate
   (SDGs), penyusunan rencana dan kebijakan pengelolaan                  communication management by providing balanced
   komunikasi Perusahaan yang efektif melalui penyediaan                 information flows and marketing incubation programs
   arus informasi yang berimbang serta program inkubasi                  and strengthening the Company’s brand so that the
   marketing dan penguatan brand Perseroan sehingga                      Company’s values are conveyed and its image is
   tersampaikannya nilai Perseroan dan diperolehnya                      enhanced, as well as being in line with the management
   peningkatan citra Perusahaan, serta selaras dengan                    of the Company’s leaders through protocol activities
   pengelolaan kegiatan Pemimpin Perseroan melalui                       and managing good relations with stakeholders related
   kegiatan protokoler dan pengelolaan hubungan baik                     to the Company’s business to ensure that the Company
   dengan para pemangku kepentingan terkait bisnis                       is managed based on the principles of Good Corporate
   Perusahaan untuk memastikan Perseroan dikelola                        Governance (GCG).
   berdasarkan prinsip Tata Kelola Perusahaan yang Baik
   (Good Corporate Governance/GCG).
2. Memimpin, mengarahkan dan memastikan perumusan                     2. Leading, directing, and ensuring the formulation
   kebijakan, tata kelola dan ketentuan tentang                          of policies, governance, and provisions regarding
   penyelenggaraan kegiatan perencanaan pengadaan dan                    the implementation of procurement planning and
   pelaksanaan pemilihan penyedia barang/jasa termasuk                   the selection of goods/service providers, including
   melaksanakan monitoring dan evaluasi atas proses                      monitoring and evaluating the procurement process
   pengadaan di lingkungan Perseroan serta memastikan                    within the Company and ensuring the availability of
   tersedianya Rencana Umum Pengadaan maupun                             a General Procurement Plan and the implementation
   terlaksananya proses Pengadaan Barang/Jasa di Kantor                  of the Goods/Services Procurement process at the
   Pusat dan Regional sesuai dengan sistem dan kebijakan                 Head Office and Regional Offices in accordance with
   yang berlaku dan prinsip-prinsip Good Corporate                       applicable systems and policies and the principles of
   Governance/GCG maupun terkait perumusan kebijakan,                    Good Corporate Governance (GCG) as well as related to
   tata kelola dan ketentuan tentang penyelenggaraan                     the formulation of policies, governance and provisions
   kegiatan pengelolaan aset seperti pengadministrasian,                 regarding the implementation of asset management
   penyimpanan, pemeliharaan dan pengamanan aset                         activities such as the administration, storage,
   milik Perusahaan dan aset/barang milik Negara                         maintenance and security of Company assets and State
   termasuk tanah kelola, dan pengamanan dokumen bukti                   assets/property, including managed land, and securing
   kepemilikannya termasuk menyelenggarakan kegiatan                     documents proving ownership, including organizing the
   pencatatan, pendayagunaan, dan penghapusan aset/                      recording, utilization, and disposal of assets/inventory
   barang inventaris di lingkungan Perseroan.                            items within the Company.
3. Memimpin, mengarahkan dan memastikan kinerja                       3. Leading, directing, and ensuring the performance of
   pelayanan hukum yang meliputi: penyelesaian                           legal services, including: resolving issues and providing
   permasalahan dan pendampingan hukum, Pembuatan                        legal assistance, preparing and drafting legal opinions,
   dan penyusunan pendapat hukum, Penyusunan                             drafting cooperation agreements with other parties,
   perjanjian kerja sama dengan pihak lain, pengendalian                 controlling legal documents, analyzing risks related to
   dokumen hukum, analisis risiko terhadap penyelesaian                  the resolution of legal issues for the Company, preparing
   masalah hukum bagi Perseroan, penyusunan dan                          and managing Company regulations, and management
   pengelolaan peraturan Perusahaan, dan pengelolaan                     of legal service policy standardization for all Company
   standardisasi kebijakan terkait pelayanan hukum untuk                 Business Groups in accordance with applicable
   seluruh Kelompok Usaha Perusahaan sesuai ketentuan                    regulations, as well as management of GCG principle
   yang berlaku serta pengelolaan penerapan prinsip GCG                  implementation, including control of gratuities and the
   termasuk pengendalian gratifikasi dan Whistleblowing                  Whistleblowing System (WBS) within the Company,


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Ikhtisar Kinerja Utama       Laporan Manajemen    Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report    Company Profile           Management Discussion and Analysis       Business Support Functions




     System (WBS) di Perseroan, kesesuaian dengan etika                   compliance with business ethics, compliance with
     usaha, kepatuhan terhadap peraturan Pasar Modal                      Capital Market regulations related to Company corporate
     terkait dengan tindakan aksi korporasi Perusahaan,                   actions, management of strategic meetings including
     pengelolaanrapat strategis meliputi Rapat Direksi, Rapat             Board of Directors Meetings, Board of Commissioners
     Dewan Komisaris dan Rapat Gabungan agar seluruh                      Meetings, and Joint Meetings so that all activities of
     aktivitas Perusahaan dan Kelompok Usaha Perusahaan                   the Company and the Company’s Business Group run
     berjalan selaras sehingga memenuhi ketentuan                         in harmony so as to comply with applicable laws and
     peraturan perundang-undangan yang berlaku, serta                     regulations, as well as ensuring the management and
     memastikan pengelolaan dan pengembangan Sistem                       development of the Anti-Bribery Management System
     Manajemen Anti Penyuapan (SMAP).                                     (SMAP).

Tanggung Jawab Sekretaris Perusahaan                                 Corporate Secretary Responsibilities

Sebagai organ penting yang berada di bawah Direksi,                  As an important organ under the Board of Directors, the
Corporate Secretary and Chief Administration Officer                 Corporate Secretary and Chief Administration Officer (CAO)
(CAO) memiliki beberapa tanggung jawab. Adapun hal yang              has several responsibilities. The responsibilities of the
menjadi tanggung jawab Corporate Secretary and CAO                   Corporate Secretary and CAO are as follows:
adalah sebagai berikut:
1. Memimpin pengelolaan hubungan baik dengan                         1. Leading the management of good relations with the
    stakeholders Perseroan, antara lain Regulator dan                   Company’s stakeholders, including Regulators and
    Pemegang Saham.                                                     Shareholders.
2. Memimpin dan mengarahkan pengelolaan tata Kelola                  2. Leading and directing the management of the Company’s
    administrasi eksekutif (pemimpin) Perseroan di Kantor               executive (leadership) administration at the Head Office,
    Pusat dan mengarahkan tata kelola administrasi di                   and directing administrative management in the Regions.
    Regional.
3. Memimpin dan mengarahkan pengelolaan marketing                    3. Leading and directing the management of the Company’s
    and brand Perseroan.                                                marketing and brand.
4. Memimpin dan mengarahkan pengelolaan informasi                    4. Leading and directing the management of information
    dan komunikasi pada lingkup eksternal dan internal                  and communication within the Company’s external and
    Perseroan.                                                          internal spheres.
5. Memimpin dan mengarahkan pengelolaan monitoring                   5. Leading and directing the monitoring of ESG factors
    penerapan faktor ESG di Perusahaan sebagai bentuk                   implementation in the Company as a form of corporate
    dukungan korporasi terhadap agenda pembangunan                      support for the sustainable development agenda.
    berkelanjutan.
6. Memimpin dan mengarahkan pengelolaan kegiatan                     6. Leading and directing the management of the Company’s
    program TJSL Perseroan.                                             TJSL program activities.
7. Memimpin dan mengarahkan pengelolaan kegiatan                     7. Leading and directing the management of TPB program
    program TPB yang merupakan bagian dari Sustainability               activities, which are part of the Sustainability Report.
    Report.
8. Memimpin dan mengarahkan pengelolaan acara-acara                  8. Leading and directing the management of events
    yang terkait dengan Perseroan dan mengarahkan                        related to the Company and directing events related to
    acaraacara yang terkait Anak Perusahaan.                             Subsidiaries.
9. Memimpin dan mengarahkan perumusan kebijakan,                     9. Leading and directing the formulation of policies,
    tata kelola, ketentuan, perencananaan dan pelaksanaan                governance, provisions, planning, and implementation
    atas proses pengadaan barang/jasa serta logistik,                    of the procurement process for goods/services and
    manajemen aset, dan pengamanan aset di lingkungan                    logistics, asset management, and asset security within
    Jasa Marga Grup.                                                     the Jasa Marga Group.
10. Mengarahkan pengembangan sistem pengadaan                        10. Directing     the    development      of     goods/services
    barang/jasa serta logistik, manajemen aset, dan                      procurement and logistics systems, asset management,
    pengamanan aset pengamanan aset berdasarkan                          and asset security based on applicable principles and
    prinsip dan peraturan yang berlaku.                                  regulations.
11. Memimpin, mengarahkan dan memastikan pengelolaan                 11. Leading, directing, and ensuring legal management and
    dan pelayanan hukum yang meliputi penyelesaian                       services, including problem solving and legal assistance,
    permasalahan dan pendampingan hukum, Pembuatan                       drafting and preparing legal opinions, drafting
    dan penyusunan pendapat hukum, Penyusunan perjanjian                 cooperation agreements with other parties, managing
    kerja sama dengan pihak lain, pengelolaan dokumen                    legal documents, and managing the standardization of
    hukum dan pengelolaan standardisasi kebijakan terkait                policies related to legal services for all of the Company’s
    pelayanan hukum untuk seluruh Kelompok Usaha                         Business Groups in accordance with applicable
    Perusahaan sesuai ketentuan yang berlaku.                            regulations.
12. Memimpin, mengarahkan dan memastikan pemenuhan                   12. Leading, directing, and ensuring the Company’s
    kepatuhan Perseroan terhadap peraturan perundangan                   compliance with laws and regulations (including
    (termasuk peraturan di bidang Pasar Modal), serta                    regulations in the Capital Market sector), as well as the
    pemenuhan dan penerapan GCG di Perusahaan (meliputi                  fulfillment and implementation of GCG in the Company
    pengendalian gratifikasi, whistleblowing system dan                  (including control of gratuities, whistleblowing systems,
    hal-hal lainnya).                                                    and other matters).


684                                                                        Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




13. Memberikan masukan kepada Direksi dan Dewan                       13. Providing input to the Board of Directors and Board of
    Komisaris untuk mematuhi ketentuan peraturan                          Commissioners to comply with laws and regulations in
    perundang-undangan di bidang Pasar Modal.                             the Capital Market sector.
14. Membantu Direksi dan Dewan Komisaris dalam                        14. Assisting the Board of Directors and Board of
    pelaksanaan tata kelola Perusahaan yang meliputi:                     Commissioners in implementing corporate governance,
                                                                          which includes:
     a. Keterbukaan informasi kepada masyarakat, termasuk                 a. Disclosure of information to the public, including the
        ketersediaan informasi pada Situs Web Perusahaan.                     availability of information on the Company’s website.
     b. Penyampaian laporan kepada Otoritas Jasa                          b. Submitting reports to the Financial Services
        Keuangan tepat waktu.                                                 Authority on time.
     c. Penyelenggaraan dan dokumentasi Rapat Umum                        c. Organizing and documenting General Meetings of
        Pemegang Saham.                                                       Shareholders.
     d. Penyelenggaraan dan dokumentasi Rapat Direksi                     d. Organizing and documenting Board of Directors
        dan/atau Dewan Komisaris serta Rapat Gabungan.                        and/or Board of Commissioners meetings and Joint
                                                                              Meetings.
     e. Pelaksanaan    program      executive   induction                 e. Implementing the Company’s executive induction
        Perusahaan bagi Direksi dan/atau Dewan Komisaris.                     program for the Board of Directors and/or Board of
                                                                              Commissioners.
15. Mengarahkan dan memastikan penyusunan dan                         15. Directing and ensuring the preparation and updating
    pemutakhiran kebijakan, pengelolaan serta pemantauan                  of policies, management, and monitoring related to
    terkait Sistem Manajemen Anti Penyuapan (SMAP) di                     the Anti-Bribery Management System (SMAP) at the
    tingkat Perusahaan dan tingkat Unit Kerja telah mengikuti             Company and Work Unit levels in accordance with the
    Rencana Jangka Panjang dan strategis Perusahaan.                      Company’s Long-Term and Strategic Plans.

Wewenang Sekretaris Perusahaan                                        Corporate Secretary Authorities

Corporate Secretary and Chief Administration Officer                  The Corporate Secretary and Chief Administration Officer
juga memiliki wewenang dalam melaksanakan tugas dan                   also have the authority to carry out the following duties and
fungsinya, sebagai berikut:                                           functions:
1. Menetapkan kebijakan strategis Perseroan mengenai                  1. Establishing the Company’s strategic policies regarding
    pengelolaan Perseroan sesuai dengan GCG terkait                       Company management in accordance with GCG related
    kebijakan strategis bidang komunikasi Perseroan yang                  to effective strategic policies in the field of corporate
    efektif dan pengelolaan hubungan baik kepada seluruh                  communications and managing good relations with all of
    pemangku kepentingan Perseroan.                                       the Company’s stakeholders.
2. Menetapkan arahan dan kebijakan strategis Perseroan                2. Establishing the Company’s strategic directions and
    dalam bentuk peraturan dan/atau surat edaran dan/atau                 policies in the form of regulations and/or circulars, and/
    instruksi yang terkait dengan seluruh kegiatan marketing              or instructions related to all of the Company’s marketing
    and brand Perseroan.                                                  and branding activities.
3. Menetapkan arahan dan kebijakan strategis Perseroan                3. Establishing the Company’s strategic directions and
    dalam bentuk peraturan dan/atau surat edaran dan/                     policies in the form of regulations and/or circulars
    atau instruksi yang terkait dengan seluruh kegiatan                   and/or instructions related to all of the Company’s
    komunikasi Perseroan, pengembangan komunitas dan                      communication activities, community development,
    pengelolaan hubungan dengan stakeholders Perseroan                    and management of relationships with the Company’s
    antara lain regulator dan pemegang saham.                             stakeholders, including regulators and shareholders.
4. Menetapkan arahan dan kebijakan strategis Perseroan                4. Establishing the Company’s strategic directions and
    di bidang penerapan faktor ESG.                                       policies in the field of ESG factor implementation.
5. Menetapkan kebijakan strategis Perusahaan di bidang                5. Establish the Company’s strategic policies for the
    Program TJSL Perseroan.                                               Company’s TJSL Program.
6. Menetapkan kebijakan strategis Perseroan dan                       6. Establishing the Company’s strategic policies and
    pengelolaan terkait kegiatan Sustainability Development               management related to Sustainable Development Goals
    Goals (SDGs).                                                         (SDGs) activities.
7. Menandatangani kontrak/perjanjian atau mengikat                    7. Signing contracts/agreements or binding the Company
    Perseroan dengan pihak lain dan/atau pihak lain                       with other parties and/or other parties with the
    dengan Perseroan yang terkait dengan seluruh kegiatan                 Company related to all of the Company’s communication
    komunikasi Perseroan, pengembangan komunitas dan                      activities, community development, and management of
    pengelolaan hubungan dengan stakeholders Perseroan                    relationships with the Company’s stakeholders, including
    antara lain regulator dan pemegang saham.                             regulators and shareholders.
8. Menetapkan arahan dan kebijakan strategis Perseroan                8. Establishing the Company’s strategic directions and
    dalam bentuk peraturan dan/atau surat edaran dan/atau                 policies in the form of regulations and/or circulars and/
    instruksi yang terkait dengan seluruh kegiatan bidang                 or instructions related to all activities in the field of
    pengadaan barang/jasa serta logistik, manajemen aset,                 procurement of goods/services, as well as logistics, asset
    dan pengamanan aset milik Perseroan.                                  management, and security of the Company’s assets.
9. Menandatangani kontrak/perjanjian yang mengikat                    9. Sign contracts/agreements that bind the Company,
    Perusahaan atau dokumen mengenai pengelolaan                          or documents related to the management of logistics



PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                            685
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Ikhtisar Kinerja Utama         Laporan Manajemen       Profil Perusahaan        Analisa dan Pembahasan Manajemen          Fungsi Penunjang Bisnis
Main Performace Highlights     Management Report       Company Profile          Management Discussion and Analysis        Business Support Functions




    aktivitas logistik, manajemen aset, dan pengamanan                        activities, asset management, and the security of the
    asset milik Perseroan.                                                    Company’s assets.
10. Menetapkan kebijakan dalam pengelolaan Rapat Umum                     10. Establishing policies in the management of General
    Pemegang Saham (RUPS), Rapat Gabungan Komisaris                           Meetings of Shareholders (GMS), Joint Meetings of
    dan Direksi serta Rapat Direksi.                                          Commissioners and Directors, and Board of Directors
                                                                              Meetings.
11. Mewakili Perseroan dalam penyelesaian kasus/                          11. Representing the Company in the settlement of legal
    perselisihan hukum baik internal maupun eksternal                         cases/disputes, both internal and external to the
    Perseroan melalui Surat Kuasa.                                            Company, through a Power of Attorney.
12. Memberikan dan menyusun pendapat hukum (legal                         12. Providing and compiling legal opinions to the Company
    opinion) kepada Perseroan atas setiap permasalahan                        on any legal issues/transactions that are strategic and
    hukum/transaksi yang dihadapi yang bersifat strategis                     affect the Company’s financial condition.
    dan berpengaruh terhadap kondisi keuangan Perseroan.
13. Menandatangani kontrak/perjanjian yang mengikat                       13. Signing contracts/agreements that bind the Company
    Perseroan atau dokumen mengenai pengelolaan                               or documents regarding the management of activities
    aktivitas terkait bidang hukum, baik hukum korporasi,                     related to legal matters, including corporate law,
    regulasi, litigasi, dan kepatuhan.                                        regulations, litigation, and compliance.
14. Menetapkan arahan dan kebijakan strategis Perseroan                   14. Establishing the Company’s strategic directions and
    dalam bentuk peraturan dan/atau surat edaran dan/atau                     policies in the form of regulations and/or circulars and/or
    instruksi yang terkait dengan seluruh kegiatan bidang                     instructions related to all legal and compliance activities.
    hukum dan kepatuhan.
15. Menetapkan arahan dan kebijakan strategis Perseroan                   15. Establishing the Company’s strategic directions and
    namun tidak terbatas pada dalam bentuk peraturan dan/                     policies, including but not limited to regulations and/or
    atau surat edaran dan/atau instruksi yang terkait Sistem                  circulars and/or instructions related to the Anti-Bribery
    Manajemen Anti Penyuapan (SMAP).                                          Management System (SMAP).

Struktur Organisasi Sekretaris Perusahaan                                 Corporate Secretary Organizational Structure

BerdasarkanKeputusan Direksi No. 200/KPTS/2025 tanggal                    Based on Board of Directors Decree No. 200/KPTS/2025
31 Desember 2025 tentang Struktur Organisasi PT Jasa                      dated December 31, 2025, on the Organizational Structure
Marga (Persero) Tbk, Corporate Secretary membawahi unit                   of PT Jasa Marga (Persero) Tbk, the Corporate Secretary
kerja sebagai berikut:                                                    oversees the following work units:
1. Corporate Communication and Community Development                      1. Corporate Communication and Community Development
    Group;                                                                    Group;
2. Procurement and Fixed Asset Group;                                     2. Procurement and Fixed Assets Group;
3. Legal and Compliance Group.                                            3. Legal and Compliance Group.



                               Struktur Organisasi Corporate Secretary and Chief Administration Officer
                             Organizational Structure of Corporate Secretary and Chief Administration Officer


                                                       Corporate Secretary and Chief
                                                          Administration Officer




          Corporate Communication &
                                                         Legal & Compliance Group                          Procurement & Fixed Asset Group
         Community Development Group




686                                                                            Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Pelaksanaan Tugas Sekretaris Perusahaan Tahun                         Implementation of Corporate Secretary Duties in
2025                                                                  2025

Corporate Secretary and Chief Administration Officer                  The Corporate Secretary and Chief Administration Officer
membawahi Legal and Compliance Group, Corporate                       oversee the Legal and Compliance Group, Corporate
Communication and Community Development Group, serta                  Communication and Community Development Group,
Procurement and Fixed Asset Group. Berdasarkan realisasi              as well as Procurement and Fixed Asset Group. Based
tugas pada masing-masing Grup tersebut, pelaksanaan                   on the implementation of duties in each of these groups,
tugas Corporate Secretary sepanjang 2025 diuraikan                    the implementation of the Corporate Secretary’s duties
sebagai berikut:                                                      throughout 2025 is outlined as follows:
1. Legal and Compliance Group                                         1. Legal and Compliance Group
   Pelaksanaan kegiatan Legal and Compliance Group                        The activities of the Legal and Compliance Group during
   selama tahun 2025 adalah sebagai berikut:                              2024 are as follows:
   a. Administrasi Rapat Manajemen (Rapat Direksi, Rapat                  a. Administrative Management Meetings (Board of
       Dewan Komisaris dan Rapat Gabungan Direksi-                           Directors meetings, Board of Commissioners meetings,
       Dewan Komisaris):                                                     and Joint Directors–Commissioners meetings):
       i. Rapat Direksi.                                                     i. Board of Directors Meeting.
       ii. Rapat Dewan Komisaris.                                            ii. Board of Commissioners Meeting.
       iii. Rapat Gabungan Dewan Komisaris-Direksi.                          iii. Joint Meeting of the Board of Directors and the
                                                                                   Board of Commissioners.
     b. Penilaian Implementasi Tata Kelola Perusahaan yang                b. Assessment of Good Corporate Governance (GCG)
        Baik Perseroan:                                                      Implementation:
        i. Asesmen GCG Berdasarkan Kriteria/Parameter                        i. GCG assessment based on the criteria/parameters
              Pedoman Tata Kelola Perusahaan Terbuka.                              of the Open Corporate Governance Guidelines.
        ii. Asesmen GCG Berdasarkan Kriteria/Parameter                       ii. GCG assessment based on the criteria/
              ASEAN Corporate Governance Scorecard                                 parameters of the ASEAN Corporate Governance
              (ACGS).                                                              Scorecard (ACGS).
        iii. Asesmen GCG Berdasarkan Kriteria/Parameter                      iii. GCG assessment based on the criteria/
              Pedoman Umum Governansi Korporat Indonesia                           parameters     of   the  Indonesian     General
              (PUGKI).                                                             Governance Guidelines (PUGKI).
     c. Pengendalian Gratifikasi.                                         c. Anti-Gratuities Controls.
     d. Whistleblowing System.                                            d. Whistleblowing System.
     e. Peringatan Hari Anti Korupsi Sedunia (Hakordia).                  e. World Anti-Coverty Day (Hakordia) Observance.
     f. Pengkinian Pedoman-pedoman (Governance Soft                       f. Revision of Governance Guidelines (Governance
        Structure) Perseroan:                                                Soft Structure) of the Company:
        i. Pedoman Sistem Manajemen Anti Penyuapan                           i. Anti-Bribery Management System (SMAP)
              (SMAP).                                                              Guidelines.
        ii. Pedoman Direksi dan Dewan Komisaris (Board                       ii. Board and Board of Commissioners Guidelines
              Manual).                                                             (Board Manual).
     g. Tata Kelola Terintegrasi.                                         g. Integrated Governance.
     h. Tindak Lanjut Hasil Audit Compliance.                             h. Follow-up on Compliance Audit Findings.
     i. Sistem Manajemen Anti Penyuapan (SMAP):                           i. Anti-Bribery Management System (SMAP):
        i. Penandatanganan         Komitmen     Pelaksanaan                  i. Signing of the Commitment to Implement the
              Sistem Manajemen Anti Penyuapan.                                     Anti-Bribery Management System.
        ii. Tinjauan Atas Laporan Uji Kontrol Mandiri Unit                   ii. Review of the Independent Unit Control Test
              Kerja.                                                               Report.
        iii. Pendampingan Pengisian Register Risiko Fraud                    iii. Assistance in Completing the Fraud Risk Register
        iv. Survey Pemahaman Terkait SMAP.                                   iv. Survey on Understanding of SMAP.
        v. Pelatihan/Sertifikasi Tim Auditor Internal SMAP,                  v. Training/Certification for SMAP Internal Audit
              Personil FKAP dan Tim Champion.                                      Team, FKAP personnel, and the Champion Team
        vi. Sosialisasi dan Publikasi SMAP kepada Seluruh                    vi. Socialisation and Publicisation of SMAP to all
              Karyawan.                                                            employees.
        vii. Audit Internal dan Eksternal SMAP.                              vii. Internal and External SMAP Audits.
        viii. Penunjukan Pihak Ketiga dalam Rangka                           viii. Appointment of a Third Party for the Preparation
              Penyusunan Pedoman Terkait SMAP.                                     of SMAP-Related Guidelines.
     j. Laporan Kegiatan Penanaman Modal (LKPM).                          j. Activities Report on Capitalisation (LKPM).
     k. Kegiatan Benchmark.                                               k. Benchmarking Activities.
     l. Sosialisasi Lainnya Terkait GCG.                                  l. Other Governance Socialisation Related to GCG.
     m. Program Pengenalan Pengurus Baru.                                 m. Induction Programme for New Directors/Managers.
     n. Penyelenggaraan Rapat Umum Pemegang Saham                         n. AGM (Annual General Meeting) Organisation in
        (RUPS) Sesuai dengan Ketentuan Perusahaan                            accordance with Open Company Requirements:
        Terbuka:
        i. RUPS Tahunan.                                                        i.    Annual General Meeting.
        ii. RUPS Luar Biasa.                                                    ii.   Extraordinary General Meeting.



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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




     o. Keterbukaan Informasi.                                         o. Information Disclosure.
     p. Kepatuhan Terkait Publikasi dan Pelaporan:                     p. Compliance with Publication and Reporting:
        i. Publikasi pada Situs Web.                                      i. Publication on the Website.
        ii. Pelaporan.                                                    ii. Reporting.
     q. Penyusunan dan Evaluasi Draft Perjanjian/Kontrak/              q. Drafting and Evaluation of Draft Agreements/
        Pendapat Hukum.                                                   Contracts/Legal Opinions.
     r. Penyampaian Standar Kontrak.                                   r. Submission of Standard Contracts.
     s. Penyusunan Legal Administration untuk Aksi                     s. Preparation of Legal Administration for Corporate
        Korporasi.                                                        Action.
     t. Implementasi Shared Services (Layanan Bersama).                t. Implementation of Shared Services.
     u. Penyusunan Peraturan Perusahaan.                               u. Preparation of Company Regulations.
     v. Sosialisasi Peraturan di Perusahaan:                           v. Company Regulation Socialisation:
        i. Sosialiasi Undang-Undang No. 1 Tahun 2025                      i. Socialisation of Law No. 1 of 2025 on the Third
             tentang Perubahan Ketiga Undang-Undang                           Amendment to Law No. 19 of 2003 on State-
             No. 19 Tahun 2003 tentang Badan Usaha Milik                      Owned Enterprises (BUMN Law).
             Negara (UU BUMN).
        ii. Sosialisasi Peraturan Pemerintah No. 28 Tahun                  ii.   Socialisation of Government Regulation No. 28 of
             2025 tentang Penyelenggaraan Perizinan                              2025 on Risk-Based Licensing Procedures.
             Berusaha Berbasis Risiko.
        iii. Sosialisasi Undang-Undang No. 20 Tahun 2025                   iii. Socialisation of Law No. 20 of 2025 on the
             tentang Kitab Undang-Undang Hukum Acara                            Criminal Procedure Code (KUHAP).
             Pidana (KUHAP).
     w. Penanganan Perkara Perseroan di Pengadilan.                    w. Handling of Company Matters in Courts.
     x. Pemenuhan Panggilan Kepolisian dan Kejaksaan.                  x. Fulfilling Police and Prosecutor Calls.
     y. Perpanjangan kerja sama dengan Pihak Jaksa Agung               y. Extension of Cooperation with the Office of the
        Muda Bidang Perdata dan Tata Usaha Negara.                        Deputy Attorney General for Civil and Administrative
                                                                          Affairs.
     z. Implementasi Layanan Bersama (Shared Services)                 z. Implementation of Shared Services in the Litigations
        Bidang Litigasi kepada Anak Perusahaan.                           Field for Subsidiaries.

2. Corporate Communication and Community Development                2. Corporate Communication and Community Development
   Group.                                                              Group.
   Pelaksanaan kegiatan Corporate Communication and                    The implementation of Corporate Communication and
   Community Development Group selama tahun 2025                       Community Development Group activities during 2025
   adalah sebagai berikut:                                             is as follows:
   a. Media Relations:                                                 a. Media Relations:
       i. Press Release.                                                   i. Press Release.
       ii. Konferensi Pers.                                                ii. Press Conference.
       iii. Press Tour.                                                    iii. Press Tour.
       iv. Narasumber Pemberitaan di Televisi.                             iv. Spokesperson appearances on television.
       v. Narasumber Pemberitaan di Radio.                                 v. Spokesperson appearances on radio.
       vi. Media Monitoring.                                               vi. Media Monitoring.
   b. Pengelolaan Keluhan Pelanggan.                                   b. Handling of Customer Complaints.
   c. Penyelenggaraan Pameran.                                         c. Organisation of Exhibitions.
   d. Pengelolaan Iklan di Media Massa.                                d. Management of Advertising in Mass Media.
   e. Pengelolaan Media Sosial Perseroan.                              e. Management of the Company’s Social Media.
   f. Produksi Konten Publikasi Perseroan.                             f. Production of the Company’s Publication Content.
   g. Pengelolaan Media Komunikasi Internal Perseroan.                 g. Management of Internal Communication Media.
   h. Publikasi Kegiatan Corporate Social Responsibility               h. Publication of Corporate Social Responsibility (CSR)
       (CSR).                                                              Activities.
   i. Program Tanggung Jawab Sosial dan Lingkungan.                    i. Stakeholder       Programmes:    Corporate     Social
                                                                           Responsibility and Environmental Responsibility.
     j. Sponsorship.                                                   j. Sponsorship.
     k. Pendampingan Direksi.                                          k. Executive Support.
        Grafik II 13 Pendampingan Direksi .                                Graph II 13: Executive Support.
     l. Penyelenggaraan Event.                                         l. Event Organisation.




688                                                                     Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




3. Procurement and Fixed Assets Group.                                3. Procurement and Fixed Assets Group.
   Pelaksanaan kegiatan Procurement and Fixed Assets                     The implementation of the Procurement and Fixed
   (PFA) Group selama tahun 2025 adalah sebagai berikut:                 Assets (PFA) Group activities during 2025 is as follows:
   a. Perencanaan, Monitoring dan Evaluasi Pengadaan                     a. Planning, Monitoring and Evaluation of Goods and
       Barang dan Jasa:                                                     Services Procurement:
       i. Perencanaan Pengadaan.                                            i. Procurement Planning.
       ii. Kebijakan Pengadaan Barang dan Jasa (PBJ).                       ii. Policy on Goods and Services Procurement (PBJ).
       iii. Implementasi Kebijakan Penggunaan Tingkat                       iii. Implementation of Domestic Component Level
            Komponen Dalam Negeri (TKDN).                                         (TKDN) Policy.
       iv. Sistem Pengadaan Barang dan Jasa.                                iv. Goods and Services Procurement System.
       v. Monitoring dan Evaluasi Pengadaan Barang dan                      v. Monitoring and Evaluation of Goods and Services
            Jasa.                                                                 Procurement.
       vi. Pengelolaan Daftar Rekanan Jasa Marga (DRJM).                    vi. Management of the Daftar Rekanan Jasa Marga
                                                                                  (DRJM).
         vii. Kegiatan Temu Pemasok Penyedia Barang dan                     vii. Suppliers' Forum for Goods and Services
               Jasa Tahun 2025.                                                   Providers, 2025.
         viii. Survey Kepuasan Pemasok.                                     viii. Supplier Satisfaction Survey.
         ix. Penilaian Kinerja Penyedia Barang dan Jasa.                    ix. Performance Evaluation of Goods and Services
                                                                                  Providers.
         x. Implementasi PaDi UMKM.                                         x. Implementation of PaDi UMKM.
         xi. Implementasi Sistem Manajemen Anti Penyuapan                   xi. Implementation of the Anti-Bribery Management
             (SMAP) Pengadaan Barang dan Jasa.                                    System (SMAP) for Goods and Services
                                                                                  Procurement.
     b. Proses Pemilihan Penyedia Barang dan Jasa:                       b. Process for Selecting Goods and Services Providers:
        i. Program Kerja dan Kinerja 2025.                                  i. 2025 Work Programme and Performance.
        ii. Pelaksanaan Kontrak Shared Services.                            ii. Implementation of Shared Services Contracts.
        iii. Pelaksanaan Workshop Refreshment Aplikasi                      iii. Implementation of e-Procurement Application.
              e-Procurement Bagi Panitia Pemilihan.                               Refreshment Workshop for Tender Committees.
        iv. Pelaksanaan Workshop Penggunaan Aplikasi                        iv. Implementation of e-Procurement Application
              e-Procurement untuk Penyedia Jasa Tahun 2025                        Usage Workshop for Service Providers, 2025
              Batch 1.                                                            Batch 1.
     c. Pengelolaan Aset:                                                c. Asset Management:
        i. Program Manajemen Aset Terintegrasi.                             i. Integrated Asset Management Programme.
        ii. Pengelolaan Pajak Bumi dan Bangunan (PBB).                      ii. Management of Land and Building Tax (PBB).
        iii. Realisasi Program Capex dan Program Opex                       iii. Realisation of Capex and Opex Program within
              dalam Kontrak Manajemen Pengelolaan Gedung                          the Office Buildings Management Contract
              Kantor Pusat Milik Jasa Marga.                                      Owned by Jasa Marga.
        iv. Pengelolaan Asuransi Aset Kantor Pusat dan                      iv. Asset Insurance Management for Headquarters
              Regional/RO.                                                        and Regional Offices.
        v. Pelaksanaan Pembuatan Purchase Order (PO)                        v. Purchase Order (PO) and Goods Receipt (GR)
              dan Goods Receipt (GR).                                             Processing.
        vi. Pelaksanaan Penghapusan dan Pelelangan.                         vi. Disposal and Auction Process.
        vii. Pekerjaan Inventarisasi Patok, Pagar dan Papan                 vii. Inventorying Boundary Markers, Fences, and
              Larangan.                                                           Prohibition Signs.
        viii. Pelaksanaan Simulasi Tanggap Darurat.                         viii. Emergency Response Simulation Exercise.
        ix. Pengamanan.                                                     ix. Security.
        x. Pelaksanaan Penyelenggaraan Kearsipan.                           x. Archival Management Exercises.

Pengembangan Kompetensi                                               Competency Development

Pengembangan kompetensi Corporate Secretary dapat                     Competency development for the Corporate Secretary is
dilihat pada Bab Profil dalam buku Laporan Tahunan ini.               available in the Company Profile Chapter of this Annual Report.

Penilaian Kinerja Sekretaris Perusahaan                               Corporate Secretary Performance Assessment
Berdasarkan KPI                                                       Based on KPI

Hasil penilaian kinerja Corporate Secretary dan Chief                 The performance assessment results for the Corporate
Administration Officer berdasarkan Key Performance                    Secretary and Chief Administration Officer, based on Key
Indicator (KPI) tahun 2025 mencapai 106,4 dari target                 Performance Indicators (KPIs) for 2025, achieved a score of
sebesar 100.                                                          106.4 out of a target of 100.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                             689
Page 690
01                              02                      03                      04                                       05
Ikhtisar Kinerja Utama          Laporan Manajemen       Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report       Company Profile          Management Discussion and Analysis       Business Support Functions




Adapun rincian dari KPI Corporate Secretary dapat dilihat                  The details of the Corporate Secretary’s KPI is available in
pada tabel berikut:                                                        the following table:

Tabel Penilaian KPI Corporate Secretary dan Chief Administration Officer Tahun 2025
Table of Corporate Secretary and Chief Administration Officer KPI Assessment for 2025

                 Perspektif                            Ukuran Kinerja Utama (KPI)                    Bobot           Rencana        Realisasi
                                              No.
                 Perspective                         Key Performance Indicator (KPIs)                Weight            Plan        Realization
 KPI Bersama
 Joint KPIs

 Nilai Ekonomi dan Sosial    Keuangan           1   Total Shareholder Return
                                                                                                       20.0           20.0             22.0
 untuk Indonesia             Financial
 Economic and Social
                             Sosial             2   ESG Rating
 Value for Indonesia                                                                                   20.0           20.0             22.0
                             Social

 KPI Direktorat
 KPI Directorate

 Nilai Ekonomi dan Sosial    Operasional        3   Peningkatan Citra Positif Perusahaan
                                                                                                        6.0            6.0              6.6
 untuk Indonesia             Social                 Enhancing the Company’s Positive Image
 Economic and Social
                                                4   GCG Score                                           6.0            6.0              6.6
 Value for Indonesia
                                                5   Penyusunan Legal Administration untuk
                                                    Aksi Korporasi
                                                                                                        6.0            6.0              6.6
                                                    Preparation of Legal Documentation for
                                                    Corporate Actions

                                                6   Kebijakan Penggunaan Logo Perusahaan
                                                                                                        6.0            6.0              6.0
                                                    Company Logo Usage Policy

                                                7   Pelaksanaan ICoFR tahap Perancangan
                                                    dan Implementasi
                                                                                                       6.00           6.00             6.00
                                                    Implementation of ICoFR: the Design
                                                    and Implementation Phase

                                                8   Penyelesaian Tindak Lanjut Audit dari
                                                    Pihak Internal & Eksternal
                                                                                                       5.00           5.00             5.10
                                                    Follow-up on Audit Findings from
                                                    Internal and External Parties

                                                9   Penyelesaian Pengukuran Dampak
                                                    terhadap Program TJSL dengan metode
                                                    Social Return on Investment (SROI)
                                                                                                       5.00           5.00             5.50
                                                    Assessment of the Impact of the TJSL
                                                    Programme using the Social Return on
                                                    Investment (SROI) Method"

 Inovasi Model Bisnis                          10   Efisiensi Program Pengadaan di Induk
 Business Model Innovation                          Efficiency of the Procurement                      5.00           5.00             5.50
                                                    Programme at the Parent Company

                                               11   Peningkatan Legal Shared Service
                                                                                                       5.00           5.00             5.50
                                                    Enhancement of Legal Shared Services"

                                               12   Program Adopsi Kebijakan Pengadaan di
                                                    Anak Perusahaan
                                                                                                       5.00           5.00             5.50
                                                    Procurement Policy Adoption
                                                    Programme at Subsidiaries

 Kepemimpinan Teknologi                        13   Program Manajemen Aset Terintegrasi
 Technology Leadership                              Integrated Asset Management                        5.00           5.00             5.50
                                                    Programme

 Total Bobot
                                                                                                      100.0            100            106.4
 Total Weight




690                                                                            Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 691
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Rencana Kerja Sekretaris Perusahaan Tahun 2026                        Corporate Secretary Work Plan for 2026

Corporate Secretary dan Chief Administration Officer telah            The Corporate Secretary and Chief Administration Officer
menetapkan rencana kerja untuk tahun 2026 yang akan                   established a work plan for 2026, which will be discussed in
dibahas melalui sejumlah rapat. Adapun rencana kerja                  a series of meetings. The Corporate Secretary’s work plan
Corporate Secretary di tahun 2026 antara lain sebagai                 for 2026 includes the following:
berikut:
1. Legal and Compliance Group                                         1.   Legal and Compliance Group
    a. Kerja Sama dengan KPK dalam Implementasi                            a. Cooperation with the Corruption Eradication
        Whistleblowing System (WBS) Terintegrasi.                             Commission (KPK) in the implementation of an
                                                                              integrated whistleblowing system (WBS).
     b. Assessment GCG tahun 2026.                                         b. GCG assessment in 2026.
     c. Pengkinian dan/atau review pedoman-pedoman                         c. Updating and/or reviewing GCG/governance soft
        GCG/governance soft structure.                                        structure guidelines.
     d. Sosialisasi GCG:                                                   d. GCG socialisation.
     e. Penyelenggaraan Rapat Umum Pemegang Saham.                         e. Holding of General Meetings of Shareholders.
     f. Program Pengenalan Pengurus Baru (jika dalam                       f. New Management Introduction Programme (if the
        RUPS terdapat Mata Acara Perubahan Pengurus).                         AGM includes an agenda item on management
                                                                              changes):
     g. Pengkinian Situs Web terkait Tata Kelola sebagai                   g. Updating of the Website related to governance in
        kepatuhan terkait publikasi.                                          accordance with publication requirements.
     h. Administrasi Rapat Manajemen                                       h. Management Meeting Administration
     i. Implementasi dashboard kepatuhan.                                  i. Implementation of a compliance dashboard.
     j. Penyusunan Daftar Kewajiban Kepatuhan.                             j. Preparation of a list of compliance obligations.
     k. Pendampingan penyusunan daftar kewajiban                           k. Assistance in preparing a list of the Company's
        kepatuhan Perusahaan.                                                 compliance obligations.
     l. Pendampingan penyusunan Fraud Risk Assessment                      l. Assistance in preparing a Fraud Risk Assessment
        (FRA).                                                                (FRA).
     m. Penyampaian laporan-laporan keterbukaan informasi.                 m. Submission of information disclosure reports.
     n. SMAP.                                                              n. SMAP.
     o. Penyusunan dan evaluasi draft Perjanjian/Kontrak/                  o. Preparation and evaluation of draft Agreements/
        Pendapat Hukum.                                                       Contracts/Legal Opinions.
     p. Penyusunan legal administration untuk Aksi                         p. Preparation of legal administration for Corporate
        Korporasi.                                                            Actions.
     q. Penyusunan standar kontrak.                                        q. Preparation of contract standards.
     r. Implementasi Shared Services bidang jasa hukum.                    r. Implementation of Shared Services in the field of
                                                                              legal services.
     s. Sosialisasi Peraturan.                                             s. Socialisation of Regulations.
     t. Penyusunan peraturan Perusahaan yang bersifat                      t. Preparation of Company regulations of a regulatory
        mengatur.                                                             nature.
     u. Penyusunan peraturan Perusahaan yang bersifat                      u. Preparation of Company regulations of a stipulative
        menetapkan.                                                           nature.
     v. Penanganan perkara-perkara hukum yang masih                        v. Handling of legal cases that are still under
        dalam proses pemeriksaan di Pengadilan.                               examination in court.
     w. Pemenuhan Panggilan Kepolisian dan Kejaksaan                       w. Responding to summonses from the police and the
        (apabila ada).                                                        Attorney General's Office (if any).
     x. Perpanjangan kerja sama dengan pihak Jaksa Agung                   x. Extending cooperation with the Deputy Attorney
        Muda Bidang Perdata dan Tata Usaha Negara.                            General for Civil and Administrative Affairs.
     y. Implementasi Layanan Bersama (Shared Service)                      y. Implementing Shared Services in the field of litigation
        bidang litigasi kepada Anak Perusahaan.                               for Subsidiaries.

2. Corporate Communication and Community Development                  2. Corporate Communication and Community Development
   Group                                                                 Group
   a. Penyusunan strategi komunikasi Perusahaan tahun                    a. Formulation of the Company's communication
      2026.                                                                 strategy for 2026.
   b. Penyusunan rencana dan laporan Agenda Setting                      b. Formulation of plans and reports for the Company's
      Perusahaan tahun 2026.                                                Agenda Setting for 2026.
   c. Penyelenggaraan program Media Relations untuk                      c. Implementation of Media Relations programmes to
      dukungan publikasi media massa terhadap Aksi                          support mass media coverage of Corporate Actions
      Korporasi tahun 2026, di antaranya, Jasa Marga                        in 2026, including Jasa Marga Operational Standby
      Siaga Operasional dalam rangka Hari Raya Idul Fitri                   in the context of Eid al-Fitr 1447 H and Christmas
      1447 H serta Natal 2026 dan Tahun Baru 2027,                          2026 and New Year 2027, Progress of Jasa Marga
      Progres Proyek Jalan Tol Jasa Marga Group dan                         Group Toll Road Projects and Toll Rate Adjustments.
      Penyesuaian Tarif Tol.



PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                              691
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01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




     d. Promotion.                                                      d. Promotion.
     e. Customer Engagement                                             e. Customer Engagement
     f. Internal Communication.                                         f. Internal Communication.
     g. Brand Management.                                               g. Brand Management.
     h. Penyaluran Program TJSL Stakeholder.                            h. Distribution of TJSL Stakeholder Programmes.
     i. Program TJSL Penugasan BP BUMN.                                 i. BP BUMN Assignment TJSL Programmes.
     j. Pembinaan dan Promosi Pameran Nasional.                         j. National Exhibition Development and Promotion.
     k. Pembinaan dan Pelatihan BUMN Sinergi.                           k. BUMN Synergy Development and Training.
     l. Pembinaan dan Pelatihan Sertifikasi UMK.                        l. Coaching and Training for UMK Certification.
     m. Pembinaan Pelatihan UMK Naik Kelas.                             m. Coaching and Training for UMK Upgrading.
     n. Dukungan Sponsorship dan Sumbangan.                             n. Sponsorship and Donation Support.
     o. Pendampingan Direksi.                                           o. Board of Directors Assistance.
     p. Penyelenggaraan Kegiatan Korporasi.                             p. Corporate Event Organisation.

3. Procurement and Fixed Asset Group                                3. Procurement and Fixed Asset Group
   a. Implementasi Peningkatan Penggunaan Produk                       a. Implementation of Increased Use of Domestic
      Dalam Negeri (P3DN).                                                Products (P3DN).
   b. Proses Sentralisasi Pengadaan Barang dan Jasa                    b. Centralisation of Goods and Services Procurement
      sampai dengan lingkup Unit Kerja kantor Pusat dan                   processes up to the scope of the Head Office and
      Regional Division.                                                  Regional Division Work Units.
   c. Implementasi e-Procurement Terintegrasi dalam                    c. Implementation of Integrated e-Procurement in the
      proses Pengadaan Barang dan Jasa sampai dengan                      Goods and Services Procurement process up to the
      lingkup Unit Kerja Kantor Pusat dan Regional Division.              scope of the Head Office and Regional Division Work
                                                                          Units.
     d. Review Kebijakan Pengadaan Barang dan Jasa                     d. Review of Goods and Services Procurement Policies
        sesuai dengan Peraturan Perundang-Undangan dan                    in accordance with Laws and Regulations and Best
        Best Practices Pengadaan Barang dan Jasa.                         Practices in Goods and Services Procurement.
     e. Pengembangan dan peningkatan (enhancement)                     e. Development and enhancement of e-Procurement
        fitur dan fungsi e-Procurement sesuai dengan hasil                features and functions in accordance with the results
        evaluasi implementasi, jika diperlukan.                           of the implementation evaluation, if necessary.
     f. Penyelenggaraan Kegiatan Rutin lainnya tahun 2026,             f. Organisation of other routine activities in 2026,
        meliputi:                                                         including:
        i. Temu Pemasok tahun 2026.                                       i. 2026 Supplier Meeting.
        ii. Survey Kepuasan Pemasok tahun 2026.                           ii. 2026 Supplier Satisfaction Survey.
        iii. Penilaian Kinerja Penyedia Barang dan Jasa                   iii. 2026 Goods and Services Provider Performance
             tahun 2026.                                                       Assessment.
        iv. Penyusunan Rencana Umum Pengadaan tahun                       iv. Preparation of the 2027 General Procurement
             2027.                                                             Plan.


Audit Internal                                                      Internal Audit
Internal Audit di Jasa Marga dibentuk dengan tujuan                 Internal Audit at Jasa Marga was established to provide
memberikan pendapat profesional, independen dan objektif            professional, independent, and objective opinions to
kepada Direktur Utama terhadap aktivitas dan operasi                the President Director on the Company’s activities and
Perseroan dengan meningkatkan fungsi pengendalian yang              operations by improving integrated control functions to
terintegrasi guna memastikan bahwa kegiatan operasional             ensure operational activities run smoothly and increase the
sudah berjalan dengan baik sehingga dapat meningkatkan nilai        Company’s added value. The Internal Audit Group performs
tambah bagi Perseroan. Internal Audit Group melaksanakan            independent oversight functions over other units and is
fungsi pengawasan yang independen terhadap unit-unit yang           responsible to the President Director.
lain dan bertanggung jawab kepada Direktur Utama.

Internal Audit Charter                                              Internal Audit Charter

Internal Audit memiliki pedoman yaitu Internal Audit Charter        Internal Audit has guidelines, i.e., the Internal Audit Charter,
yang telah ditetapkan oleh Dewan Komisaris dan Direksi              which the Board of Commissioners and Board of Directors
pada tanggal 5 Desember 2025. Selain sebagai pedoman                established on December 5, 2025. In addition to serving
kerja, Internal Audit Charter juga berperan dalam penguatan         as work guidelines, the Internal Audit Charter defines
peran dan tanggung jawab serta dasar keberadaan dan                 the role and responsibilities, as well as the basis for the
pelaksanaan tugas-tugas pengawasan bagi Internal Audit.             existence and implementation of supervisory tasks for
Oleh karena itu, Internal Audit Charter juga disebarluaskan         Internal Audit. Therefore, the Internal Audit Charter is also
agar diketahui oleh seluruh karyawan dan pihak lain                 disseminated to all employees and other relevant parties
yang terkait sehingga terjalin saling pengertian dan kerja          to foster mutual understanding and strong cooperation in
sama yang baik dalam mewujudkan Visi, Misi, dan Tujuan              realizing the Company’s Vision, Mission, and Objectives. The




692                                                                      Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 693
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Perseroan. Secara berkala, Internal Audit Charter dikaji              Internal Audit Charter is periodically reviewed and refined
ulang dan disempurnakan sesuai dengan perkembangan                    in accordance with developments in applicable regulations.
peraturan yang berlaku.

Secara garis besar, Internal Audit Charter memuat:                    In general, the Internal Audit Charter contains:
1. Pendahuluan.                                                       1. Introduction.
2. Definisi.                                                          2. Definition.
3. Makna Keberadaan Audit Internal (Statement of Purpose).            3. Meaning of Internal Audit (Statement of Purpose).
4. Mandat Internal Audit.                                             4. Internal Audit Mandate.
5. Independensi dan Kedudukan Dalam Organisasi.                       5. Independence and Position within the Organisation.
6. Persyaratan Auditor Internal Dalam Unit Audit Internal.            6. Requirements for Internal Auditors in the Internal Audit
                                                                          Unit.
7. Pertanggungjawaban Unit Audit Internal.                            7. Accountability of the Internal Audit Unit.
8. Larangan Perangkapan Tugas dan Jabatan Auditor                     8. Prohibition of Dual Roles and Positions for Internal
   Internal.                                                              Auditors.
9. Pelaporan dan Komunikasi Dengan Dewan Komisaris,                   9. Reporting and Communication with the Board of
   Direktur Utama Serta Internal Audit Entitas Anak.                      Commissioners, Managing Director and Internal Audit of
                                                                          Subsidiary Entities.
10. Program Asurans dan Peningkatan Mutu.                             10. Assurance and Quality Improvement Program.
11. Kode Etik.                                                        11. Code of Ethics.
12. Penutup.                                                          12. Closing.

Profil Pejabat Internal Audit                                          Internal Audit Officer Profile

Agung Laksana Pranata                                                 Agung Laksana Pranata
Internal Audit Senior Group Head                                      Internal Audit Senior Group Head
Profil Internal Audit Group Head dapat dilihat pada Bab Profil        The profile of the Internal Audit Group Head is available in
Perusahaan dalam buku Laporan Tahunan ini.                            the Company Profile section of this Annual Report.

Tugas dan Tanggung Jawab                                              Duties and Responsibilities

Internal Audit memiliki tugas dan tanggung jawab, sebagai             Internal Audit has the following duties and responsibilities:
berikut:
1. Setidaknya setiap tahun, menyusun dan melaksanakan                 1.   At least once a year, prepare and implement the Annual
    Program Kerja Pengawasan Tahunan (PKPT) dengan                         Supervision Work Programme (PKPT) by considering
    mempertimbangkan risiko yang dilakukan secara                          the risks carried out in an integrated manner in the
    terintegrasi dalam tata kelola tiga lini (three lines model),          three lines of governance (three lines model), planning
    perencanaan kebutuhan sumber daya auditor internal                     the needs of internal auditor resources based on
    berdasarkan analisis beban kerja, serta masukan dari                   workload analysis, as well as input from the Board of
    Dewan Komisaris (melalui Komite Audit) dan Direktur                    Commissioners (through the Audit Committee) and the
    Utama.                                                                 Managing Director.
2. Mengajukan Program Kerja Pengawasan Tahunan                        2.   Submit the Annual Oversight Work Programme (PKPT)
    (PKPT) untuk memperoleh persetujuan Direktur Utama.                    for approval by the Chief Executive Officer.
3. Mengkomunikasikan dampak keterbatasan sumber daya                  3.   Communicate the impact of resource constraints on the
    pada rencana audit internal kepada Dewan Komisaris                     internal audit plan to the Board of Commissioners and
    dan Direktur Utama.                                                    the Chief Executive Officer.
4. Meninjau dan menyesuaikan rencana audit internal,                  4.   Review and adjust the internal audit plan, if necessary,
    jika perlu, dalam menanggapi perubahan bisnis, risiko,                 in response to changes in the company’s business, risks,
    operasi, program, sistem, dan pengendalian perusahaan.                 operations, programmes, systems, and controls.
5. Berkomunikasi dengan Dewan Komisaris dan Direktur                  5.   Communicate with the Board of Commissioners and
    Utama jika ada perubahan interim yang signifikan                       the Managing Director if there are significant interim
    terhadap rencana audit internal.                                       changes to the internal audit plan.
6. Memastikan penugasan audit internal dilakukan,                     6.   Ensure that internal audit assignments are carried out,
    didokumentasikan, dan dikomunikasikan sesuai dengan                    documented, and communicated in accordance with the
    Standar.                                                               Standards.
7. Menyiapkan ukuran-ukuran penilaian keberhasilan                    7.   Prepare measures to assess the success of performance
    kinerja dan pencapaian tujuan Audit Internal.                          and the achievement of Internal Audit objectives.
8. Melakukan pemilihan sumber daya manusia yang                       8.   Select competent human resources in accordance with
    kompeten sesuai dengan kebutuhan dalam pelaksanaan                     the needs of the IAU’s duties.
    tugas IAU.
9. Memberikan saran perbaikan dan informasi yang objektif             9. Provide objective recommendations for improvement
    tentang kegiatan yang diperiksa pada semua kegiatan                  and information about the activities examined in all
    manajemen.                                                           management activities.




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Ikhtisar Kinerja Utama       Laporan Manajemen    Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report    Company Profile          Management Discussion and Analysis       Business Support Functions




10. Menjaga      kerahasiaan    informasi     dan/atau data          10. Maintain the confidentiality of Company information
    Perusahaan terkait dengan pelaksanaan tugas dan                      and/or data related to the implementation of IAU duties
    tanggung jawab IAU, kecuali diperbolehkan berdasarkan                and responsibilities, unless permitted by law and/or
    ketentuan peraturan perundang-undangan dan/atau                      court decision.
    putusan pengadilan.
11. Menjaga informasi rahasia yang diperoleh sewaktu                 11. Maintain the confidentiality of information obtained while
    menjabat kecuali diperbolehkan berdasarkan ketentuan                 in office, unless permitted by law and/or court decision.
    peraturan perundang-undangan dan/atau putusan
    pengadilan.
12. Mengkoordinasikan       tindak    lanjut    temuan  dan          12. Coordinate follow-up on internal and external audit
    rekomendasi audit internal dan audit eksternal, dan                  findings and recommendations, and communicate them
    mengkomunikasikannya kepada Dewan Komisaris                          to the Board of Commissioners and the Chief Executive
    dan Direktur Utama secara berkala atau untuk setiap                  Officer periodically or for each relevant engagement.
    perikatan yang relevan.
13. Memastikan fungsi audit internal secara kolektif memiliki        13. Ensure that the internal audit function collectively
    atau memperoleh pengetahuan, keterampilan, dan                       possesses or acquires the knowledge, skills,
    kompetensi serta kualifikasi lain yang diperlukan untuk              competencies, and other qualifications necessary to
    memenuhi persyaratan Standar Audit Internal Global dan               meet the requirements of the Global Internal Audit
    memenuhi mandat audit internal.                                      Standards and fulfil the internal audit mandate.
14. Memastikan kepatuhan terhadap kebijakan dan prosedur             14. Ensuring compliance with relevant company policies
    perusahaan yang relevan kecuali kebijakan dan prosedur               and procedures unless such policies and procedures
    tersebut bertentangan dengan piagam audit internal                   conflict with the internal audit charter or Standards.
    atau Standar. Setiap konflik tersebut akan diselesaikan              Any such conflicts shall be resolved or documented and
    atau didokumentasikan dan dikomunikasikan kepada                     communicated to the Board of Commissioners/Audit
    Dewan Komisaris/Komite Audit dan Direktur Utama.                     Committee and the Chief Executive Officer.
15. Memberikan konsultasi dan keyakinan terkait hal yang             15. Providing consultation and assurance on strategic
    bersifat strategis baik pada saat perencanaan maupun                 matters both during planning and during the
    pada saat pelaksanaan kegiatan operasional.                          implementation of operational activities.
16. Memastikan personel Internal Audit mengikuti                     16. Ensuring that Internal Audit personnel undergo
    pengembangan profesional berkelanjutan serta pelatihan               continuous professional development and other training
    lain sesuai dengan perkembangan kompleksitas dan                     in line with the complexity and activities of the Company.
    kegiatan usaha Perusahaan.
17. Melakukan penyusunan dan pengkajian piagam Audit                 17. Periodically preparing and reviewing the Internal Audit
    Internal secara periodik.                                            charter.
18. Memastikan pelaksanaan Audit Internal sesuai dengan              18. Ensuring that Internal Audits are carried out according
    rencana.                                                             to plan.
19. Secara periodik melaporkan kepada Direksi dan Dewan              19. Periodically reporting to the Board of Directors and
    Komisaris melalui Komite Audit mengenai tujuan,                      Board of Commissioners through the Audit Committee
    kewenangan, dan tanggung jawab, serta kinerja aktivitas              on the objectives, authority, and responsibilities, as well
    Audit Internal dibandingkan dengan perencanaannya.                   as the performance of Internal Audit activities compared
    Pelaporan juga meliputi temuan yang signifikan dan                   to the plan. The report also includes significant findings
    masalah pengendalian internal.                                       and internal control issues.
20. Memantau, menganalisis dan melaporkan kepada                     20. Monitoring, analysing and reporting to the President
    Direktur Utama dan Dewan Komisaris melalui Komite                    Director and Board of Commissioners through the Audit
    Audit pelaksanaan tindak lanjut atas temuan dan                      Committee on the follow-up of significant audit findings
    rekomendasi hasil audit yang signifikan.                             and recommendations.
21. Memastikan dalam hal terdapat penggunaan jasa pihak              21. Ensuring that in the event of using external services for
    eksternal untuk aktivitas audit Internal:                            Internal Audit activities:
    a. Terselenggaranya transfer pengetahuan antara                      a. Knowledge transfer between external parties and
        pihak eksternal kepada personel Internal Audit                       Internal Audit personnel is carried out, considering
        mengingat penggunaan jasa ahli pihak eksternal                       that the use of external experts is temporary;
        bersifat sementara;
    b. Penggunaan jasa pihak eksternal tidak memengaruhi                 b. The use of external services does not affect the
        independensi dan objektivitas fungsi Internal Audit;                 independence and objectivity of the Internal Audit
        dan                                                                  function; and
    c. Pihak eksternal mematuhi piagam Audit Internal                    c. External parties comply with the Company’s Internal
        Perusahaan.                                                          Audit charter.
22. Melakukan evaluasi atas efektivitas pelaksanaan                  22. Evaluating the effectiveness of internal controls, risk
    pengendalian internal, Manajemen Risiko, dan proses                  management, and corporate governance processes,
    tata kelola perusahaan, sesuai dengan peraturan                      in accordance with laws and regulations and company
    perundangundangan dan kebijakan perusahaan.                          policies.




694                                                                       Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




23. Melakukan aktivitas audit dan memberikan penilaian                23. Conducting audit activities and assessing effectiveness
    atas efektivitas dan efisiensi di bidang keuangan,                    and efficiency in finance, asset security, operations,
    pengamanan asset, operasional, sumber daya manusia,                   human resources, information technology, and other
    teknologi informasi dan kegiatan lainnya.                             activities.
24. Menginformasikan kepada fungsi anti fraud atas indikasi           24. Informing the anti-fraud function of any indications of
    fraud (kecurangan) yang ditemukan oleh tim Internal                   fraud found by the Internal Audit team.
    Audit.
25. Membuat dan menyimpan kertas kerja audit yang                     25. Preparing and storing adequate audit working papers in
    memadai sesuai peraturan yang berlaku.                                accordance with applicable regulations.
26. Melaksanakan dan menyampaikan Quality Assurance                   26. Implementing and delivering Quality Assurance and
    and Improvement Programs (QAIP) yang mencakup                         Improvement Programs (QAIP) covering all aspects of
    seluruh aspek aktivitas Audit Internal. QAIP tersebut                 Internal Audit activities. The QAIP includes evaluating
    meliputi evaluasi kepatuhan Audit Internal terhadap                   the compliance of Internal Audit with the definition of
    definisi Audit Internal dan Standards, serta evaluasi                 Internal Audit and Standards, as well as evaluating
    apakah auditor menerapkan kode etik, QAIP juga menilai                whether auditors apply the code of ethics. The QAIP
    efektivitas dan efisiensi aktivitas Audit Internal serta              also assesses the effectiveness and efficiency of
    mengidentifikasi peluang untuk perbaikan.                             Internal Audit activities and identifies opportunities for
                                                                          improvement.
27. Melaporkan kepada Direksi dan Dewan Komisaris melalui             27. Reporting to the Board of Directors and Board of
    Komite Audit hasil kaji ulang.                                        Commissioners through the Audit Committee on the
                                                                          results of the review.

Wewenang Internal Audit                                               Internal Audit Authorities

Internal Audit memiliki beberapa kewenangan dalam                     Internal Audit has several authorities in carrying out its
melaksanakan tugasnya, yaitu:                                         duties, namely:
1. Memiliki akses yang tidak terbatas ke semua aktivitas,             1. Unrestricted access to all activities, functions,
    fungsi, pencatatan, aset dan personel dari Perseroan                  records, assets, and personnel of the Company and its
    dan Entitas Anak;                                                     Subsidiaries;
2. Memiliki akses komunikasi yang penuh dan bebas,                    2. Having full and free access to communication,
    langsung kepada Direksi dan/atau Dewan Komisaris                      directly with the Board of Directors and/or Board of
    melalui Komite Audit;                                                 Commissioners through the Audit Committee;
3. Mengadakan rapat secara berkala dan insidentil dengan              3. Holding regular and incidental meetings with the Board
    Direksi, Dewan Komisaris, dan/atau Komite Audit;                      of Directors, Board of Commissioners, and/or Audit
                                                                          Committee;
4. Mengalokasikan sumber daya, menetapkan frekuensi,                  4. Allocating resources, determining frequency, selecting
   memilih subjek, menentukan ruang lingkup pekerjaan;                    subjects, and defining the scope of work;
5. Melakukan koordinasi kegiatannya dengan kegiatan                   5. Coordinating its activities with those of the External
   Auditor Eksternal;                                                     Auditor;
6. Mendapatkan bantuan dari personel dari unit-unit kerja             6. Obtain assistance from personnel from work units within
   di Perseroan dimana audit dilaksanakan, serta jasa                     the Company where the audit is conducted, as well as
   khusus lainnya (yang memerlukan keahlian khusus dan                    other specialized services (requiring special expertise
   bersifat sementara) dari dalam maupun luar Perseroan;                  and of a temporary nature) from within or outside the
                                                                          Company;
7. Mengikuti rapat yang bersifat strategis;                           7. Attend strategic meetings;
8. Sebagai Internal Audit Induk Perseroan:                            8. As the Parent Company’s Internal Audit:
   a. Menentukan strategi pelaksanaan Audit Internal                      a. Determining the strategy for implementing Internal
      Anak Perusahaan;                                                        Audits of Subsidiaries;
   b. Merumuskan prinsip Audit Internal yang mencakup                     b. Formulating Internal Audit principles that cover audit
      metodologi audit dan langkah pelaksanaan                                methodology and quality control implementation
      pengendalian mutu; dan                                                  steps; and
   c. Memantau pelaksanaan Audit Internal pada masing                     c. Monitoring the implementation of Internal Audits at
      masing Anak Perusahaan.                                                 each Subsidiary.

Internal Audit Senior Group Head (Chief Audit Executive),             Senior Group Head of Internal Audit (Chief Audit Executive),
Auditor Internal dan Quality Assurance tidak diperbolehkan            Internal Auditors and Quality Assurance are not permitted
untuk:                                                                to:
1. Melakukan perangkapan tugas (baik perangkapan                      1. Perform dual roles (either temporary or permanent)
    secara sementara maupun perangkapan secara tetap)                     and carry out operational duties (line 1 or line 2) in the
    dan melaksanakan tugas operasional (lini 1 maupun lini                Company and Subsidiaries that are within the scope of
    2) di Perusahaan dan Entitas Anak yang menjadi lingkup                Internal Audit.
    kerja Internal Audit.




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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




2. Menjadi Tim yang merupakan bagian dari proses bisnis             2. Be part of a team that is part of the business process or
   atau merupakan wilayah kerja (tanggung jawab) lini 1                is the work area (responsibility) of line 1 and line 2.
   dan lini 2.
3. Membubuhkan tandatangan dan/atau paraf pada                      3. Affix signatures and/or initials on documents that are
   dokumen-dokumen yang merupakan bagian dari                          part of the responsibilities of line 1 and line 2.
   tanggung jawab lini 1 dan lini 2.

Pihak yang Mengangkat dan Memberhentikan                            Parties Appointing and Dismissing the Internal
Internal Audit Senior Group Head                                    Audit Senior Group Head

Dalam organisasi PT Jasa Marga (Persero) Tbk., struktur             Within the organisation of PT Jasa Marga (Persero) Tbk.,
dan kedudukan Internal Audit dijelaskan sebagai berikut:            the structure and position of Internal Audit is described as
                                                                    follows:
1. Internal Audit dipimpin oleh seorang Internal Audit              1. Internal Audit is led by an Internal Audit Senior Group
   Senior Group Head. Direktur Utama Perusahaan, dengan                  Head. The Company’s President Director, with the
   persetujuan Dewan Komisaris, mengangkat Internal                      approval of the Board of Commissioners, appoints the
   Audit Senior Group Head dengan terlebih dahulu                        Internal Audit Senior Group Head after first considering
   memperhatikan dan mempertimbangkan pengetahuan,                       and taking into account their knowledge, skills,
   kecakapan, latar belakang atau pengalaman, serta                      background or experience, and integrity.
   integritasnya.
2. Direktur Utama dapat memberhentikan Internal Audit               2. The President Director may dismiss the Senior Group
   Senior Group Head, setelah mendapat persetujuan                     Head of Internal Audit, after obtaining the approval of
   Dewan Komisaris, jika Internal Audit Senior Group                   the Board of Commissioners, if the Senior Group Head
   Head tidak memenuhi persyaratan integritas, sikap dan               of Internal Audit does not meet the requirements of
   kompetensi, dan atau gagal atau tidak cakap dalam                   integrity, attitude and competence, and/or fails or is
   menjalankan tugasnya.                                               incompetent in carrying out their duties.
3. Setiap pengangkatan, penggantian atau pemberhentian              3. Every appointment, replacement or dismissal of the
   Internal Audit Senior Group Head dilaporkan ke Otoritas             Senior Group Head of Internal Audit shall be reported
   Jasa Keuangan sesuai mekanisme perusahaan.                          to the Financial Services Authority in accordance with
                                                                       company mechanisms.
4. Internal Audit Senior Group Head bertanggungjawab                4. The Senior Group Head of Internal Audit is responsible
   kepada Direktur Utama yang dalam pelaksanaannya                     to the President Director, who is assisted by the Auditor
   dibantu oleh Kelompok Auditor serta beberapa Pemimpin               Group and several Work Unit Leaders two levels below
   Unit Kerja dua tingkat di bawah Direksi.                            the Board of Directors.
5. Internal Audit Group berperan sebagai lini ketiga dalam          5. The Internal Audit Group acts as the third line in the
   Model Tiga Lini (Three Lines Model) perusahaan,                     company’s Three Lines Model, with independent
   dengan fungsi independen dalam asurans dan advisori                 functions in assurance and advisory to strengthen
   untuk memperkuat tata kelola, manajemen risiko, dan                 governance, risk management, and internal control.
   pengendalian internal.
6. Pelaksanaan tugas Audit Internal Terintegrasi dilakukan          6. The implementation of Integrated Internal Audit tasks
   oleh Unit Kerja yang memiliki fungsi Audit Intern pada              is carried out by Work Units that have Internal Audit
   masing-masing entitas dalam Konglomerasi PT Jasa                    functions in each entity within the PT Jasa Marga
   Marga (Persero) Tbk.                                                (Persero) Tbk Conglomerate.
7. Pada Induk Perusahaan, fungsi Audit Internal dilakukan           7. At the Parent Company, the Internal Audit function is
   oleh Unit Kerja Internal Audit Group.                               performed by the Internal Audit Group Work Unit.
8. Pada Entitas Anak yang memiliki Unit Kerja Internal Audit        8. At Subsidiary Entities that have an Internal Audit Work
   dalam Struktur Organisasinya, maka fungsi Audit Internal            Unit in their organisational structure, the Internal Audit
   dijalankan secara mandiri oleh unit kerja dimaksud.                 function is carried out independently by the work unit
                                                                       in question.
9. Pada Entitas Anak yang belum memiliki Unit Kerja Internal        9. At Subsidiary Entities that do not yet have an Internal
   Audit dalam Struktur Organisasinya, maka fungsi Audit               Audit Work Unit in their organisational structure, the
   Internal dilakukan melalui layanan fungsi Audit Internal            Internal Audit function is performed through the Internal
   dari Internal Audit Group.                                          Audit function services of the Internal Audit Group.

Kode Etik Auditor                                                   Auditor Code of Conduct

Dalam melaksanakan tugasnya, Internal Audit Senior Group            In carrying out their duties, the Senior Group Head of Internal
Head dan seluruh staf Audit Internal harus mentaati Kode            Audit and all Internal Audit staff must comply with the
Etik Perusahaan dan Kode Etik Audit Internal Perusahaan             Company’s Code of Ethics and the Company’s Internal Audit
sesuai standar profesi, yaitu:                                      Code of Ethics in accordance with professional standards,
                                                                    namely:
1.   Prinsip Mendemonstrasikan Integritas                           1. Principle of Demonstrating Integrity
     a. Kejujuran dan Keberanian Profesional                            a. Honesty and Professional Courage
         Auditor internal harus mengungkapkan semua                         Internal auditors must disclose all material facts
         fakta material yang mereka ketahui, yang jika tidak                they know, which, if not disclosed, could affect the


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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




      diungkapkan, dapat mempengaruhi kemampuan                                 organisation’s ability to make appropriate decisions.
      organisasi untuk mengambil keputusan yang tepat.                          Internal auditors must not conceal or remove
      Auditor Internal tidak boleh menyembunyikan atau                          findings that have been supervised one level above
      menghapus temuan yang sudah disupervisi satu                              the internal auditor.
      derajat di atas auditor internal.
   b. Ekspektasi Etika Organisasi                                          b. Organisational Ethical Expectations
      Auditor internal harus memahami, menghormati,                           Internal auditors must understand, respect, fulfil,
      memenuhi, dan berkontribusi terhadap ekspektasi                         and contribute to the ethical expectations of
      etika dari organisasi dan harus mampu mengenali                         the organisation and must be able to recognise
      perilaku yang bertentangan dengan ekspektasi                            behaviour that is contrary to those expectations.
      tersebut.
   c. Perilaku Taat Hukum dan Etis                                       c. Law-Abiding and Ethical Behaviour
      Auditor internal tidak boleh terlibat atau menjadi                    Internal auditors must not engage in or be a party to
      pihak dalam aktivitas apapun yang melanggar                           any activity that violates the law or discredits/harms
      hukum atau mendiskreditkan/merugikan Perusahaan                       the Company and its Employees or the internal audit
      dan Pegawainya atau profesi audit internal.                           profession.
2. Mempertahankan Objektivitas                                        2. Maintaining Objectivity
   a. Objektivitas Individu                                              a. Individual Objectivity
      Auditor internal harus menerapkan pola pikir yang                     Internal auditors must apply an impartial and
      tidak memihak dan tidak bias serta membuat                            unbiased mindset and make judgements based on a
      penilaian berdasarkan asesmen yang seimbang                           balanced assessment of all relevant circumstances.
      terhadap semua keadaan yang relevan.
   b. Menjaga Objektivitas                                               b. Maintaining Objectivity
      Auditor internal harus menjaga objektivitas                           Internal auditors must maintain professional
      profesional ketika melaksanakan seluruh aspek jasa                    objectivity when performing all aspects of internal
      audit intern. Auditor internal tidak boleh menerima                   audit services. Internal auditors must not accept
      barang berwujud atau tidak berwujud, seperti hadiah,                  tangible or intangible items, such as gifts, rewards, or
      imbalan, atau bantuan, yang dapat mengganggu                          assistance, that could interfere with or be perceived
      atau dianggap mengganggu objektivitas.                                as interfering with objectivity.
   c. Mengungkapkan pelemahan terhadap objektivitas                      c. Disclose Impairment of Objectivity
      Jika auditor internal mengalami pelemahan yang                        If an internal auditor experiences an impairment that
      dapat mempengaruhi objektivitasnya, maka harus                        could affect their objectivity, they must disclose
      mengungkapkan pelemahan tersebut kepada Internal                      this impairment to the Senior Group Head of
      Audit Senior Group Head. Jika objektivitas Internal                   Internal Audit. If the objectivity of the Senior Group
      Audit Senior Group Head terganggu baik secara                         Head of Internal Audit is impaired either in fact or
      fakta maupun penampilan (in fact or appearance),                      in appearance, the Senior Group Head of Internal
      Internal Audit Senior Group Head mengungkapkan                        Audit shall disclose this impairment to the Board of
      kelemahan tersebut kepada Dewan komisaris.                            Commissioners.
3. Mendemonstrasikan Kompetensi                                       3. Demonstrating Competence
   a. Kompetensi                                                         a. Competence
      Auditor internal hanya boleh terlibat dalam jasa                      Internal auditors should only be involved in services
      dimana Auditor internal memiliki atau dapat                           where they possess or can obtain the necessary
      memperoleh kompetensi yang diperlukan. Secara                         competence. Collectively, internal audit should have
      kolektif, internal audit harus memiliki keahlian di                   expertise in:
      bidang:
      i. Akuntansi dan Keuangan.                                                i. Accounting and finance.
      ii. Proses tata kelola, manajemen risiko dan                              ii.Governance processes, risk management and
           pengendalian.                                                           control.
      iii. Fungsi bisnis, seperti investasi dan teknologi                     iii. Business functions, such as investment and
           informasi.                                                              information technology.
      iv. Alat    dan    teknik    untuk   mengumpulkan,                      iv. Tools and techniques for collecting, analysing,
           menganalisis, dan mengevaluasi data.                                    and evaluating data.
      v. Analisis fraud.                                                      v. Fraud analysis.
      vi. Hukum, peraturan, dan praktik yang relevan                          vi. Laws, regulations, and practices relevant to the
           dengan Perusahaan, sektor, dan industri.                                Company, sector, and industry.
   b. Pengembangan Profesional Berkelanjutan                               b. Continuing Professional Development
      Auditor internal harus memiliki sertifikasi di bidang                   Internal auditors must be certified in internal auditing
      internal audit dan melaksanakan training sebanyak                       and complete 40 hours of training each year.
      40 jam setiap tahun.
4. Menerapkan Kecermatan Profesional                                  4. Applying Professional Judgement
   a. Kesesuaian dengan standar                                          a. Compliance with standards
      Metodologi fungsi audit internal harus ditetapkan,                    The methodology of the internal audit function
      didokumentasikan, dan dipelihara selaras dengan                       must be established, documented, and maintained
      Standar. Auditor internal harus mengikuti Standar                     in accordance with the Standards. Internal auditors
      dan metodologi fungsi audit internal ketika                           must follow the Standards and methodology of the


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Ikhtisar Kinerja Utama            Laporan Manajemen          Profil Perusahaan         Analisa dan Pembahasan Manajemen           Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report          Company Profile           Management Discussion and Analysis         Business Support Functions




          merencanakan dan melaksanakan jasa audit internal                            internal audit function when planning and performing
          dan mengomunikasikan hasilnya.                                               internal audit services and communicating the
                                                                                       results.
   b. Kecermatan profesional                                                        b. Professional judgement
      Auditor internal harus menerapkan kecermatan                                     Internal auditors must exercise professional
      profesional dengan menilai kecukupan dan                                         judgement by assessing the adequacy and
      efektivitas proses tata kelola, manajemen risiko dan                             effectiveness of governance, risk management and
      pengendalian, dan cost benefit dari jasa audit internal                          control processes, and the cost-benefit of internal
      yang akan dilakukan. Termasuk menilai kemungkinan                                audit services to be performed. This includes
      kesalahan signifikan, fraud, ketidakpatuhan, dan                                 assessing the possibility of significant errors, fraud,
      risiko lain yang mungkin mempengaruhi tujuan,                                    non-compliance, and other risks that may affect
      operasi, atau sumber daya.                                                       objectives, operations, or resources.
   c. Skeptisisme Profesional Internal Auditor harus                                c. Professional scepticism Internal auditors must be
      bersikap kritis terhadap semua informasi, menjaga                                critical of all information, maintain a curious attitude
      sikap rasa ingin tahu dan mencari bukti tambahan                                 and seek additional evidence to make judgements
      untuk membuat penilaian tentang informasi dan                                    about information and statements that may be
      pernyataan yang mungkin tidak lengkap, tidak                                     incomplete, inconsistent, incorrect or misleading.
      konsisten, salah, atau menyesatkan.
5. Menjaga Kerahasiaan                                                          5. Maintaining Confidentiality
   a. Penggunaan Informasi                                                         a. Use of Information
      Auditor internal harus menggunakan informasi hanya                              Internal auditors must use information solely for the
      untuk tujuan penugasan internal audit. Auditor                                  purposes of the internal audit assignment. Internal
      internal tidak boleh menggunakan informasi yang                                 auditors must not use information obtained from the
      diperoleh dari audit untuk keuntungan pribadi atau                              audit for personal gain or in a manner that is contrary
      dengan cara yang bertentangan atau merugikan                                    to or detrimental to the Company.
      Perusahaan.
   b. Perlindungan Informasi                                                        b. Protection of Information
      Internal Audit harus membuat dan mematuhi                                        Internal Audit must establish and comply with
      mekanisme       perlindungan     informasi      melalui                          information protection mechanisms through the
      pengamanan, retensi, dan pemusnahan catatan                                      security, retention, and destruction of assignment
      penugasan; pemberian catatan penugasan kepada                                    records; the provision of assignment records to
      pihak internal dan eksternal; penanganan, akses,                                 internal and external parties; and the handling, access,
      atau salinan informasi rahasia ketika tidak lagi                                 or copying of confidential information when it is no
      diperlukan. Hasil penggunaan informasi hanya                                     longer needed. The results of the use of information
      dikomunikasikan kepada auditi, Direktur Utama dan                                shall only be communicated to the auditee, the Chief
      Dewan Komisaris, ataupun pihak lain yang diatur                                  Executive Officer and the Board of Commissioners, or
      dalam regulasi.                                                                  other parties as stipulated in the regulations.

Struktur Organisasi Internal Audit                                              Internal Audit Organizational Structure

Struktur Organisasi Perseroan berdasarkan Keputusan                             The Company’s Organisational Structure pursuant to Board
Direksi Nomor: 11/KPTS/2022 tanggal 31 Jan 2022 tentang                         of Directors’ Resolution No. 11/KPTS/2022 dated 31 January
Organisasi dan Uraian Jabatan Kantor Pusat PT Jasa                              2022 concerning the Organisation and Job Descriptions
Marga (Persero) Tbk sebagaimana terakhir diubah dengan                          of the Head Office of PT Jasa Marga (Persero) Tbk, as
Keputusan Direksi Nomor 01/KPTS/2026 tanggal 02 Januari                         last amended by Board of Directors’ Resolution No. 01/
2026.                                                                           KPTS/2026 dated 2 January 2026.

                                                      Bagan Struktur Organisasi Internal Audit
                                                 Chart of Internal Audit Organizational Structure



                                                                    Internal Audit Group




      Internal Audit Planning &             Internal Audit Monitoring &
                                                                                           Group of Auditors               Group of Quality Assurance
       Execution Department                   Operational Department




698                                                                                  Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




Jumlah dan Komposisi Personel Internal Audit                                  Number and Composition of Internal Audit
                                                                              Personnel

Personel Unit Audit Internal beserta sertifikasi yang dimiliki                The personnel of the Internal Audit Unit and their
dapat dilihat pada tabel berikut ini:                                         certifications can be seen in the following table:

Tabel Personel Internal Audit
Table of Internal Audit Personnel

                              Nama                                                                       Sertifikasi
                              Name                                                                      Certification
 Agung Laksana Pranata                                              1.   Certified Internal Audit Executive CIAE
 Internal Audit Senior Group Head                                   2.   Qualified Internal Auditor QIA
                                                                    3.   Qualified Chief Risk Officer QCRO
                                                                    4.   Certified Legal Auditor CLA
                                                                    5.   Certified Human Resources Practitioner CHRP
                                                                    6.   Standarts, Certified Anti Fraud Profesional CAFP
 Dias August Surya Putra                                            1.   Qualified Internal Auditor QIA
 Senior Auditor                                                     2.   Certified Procurement Officer CPOF
 Sigit Sutarno                                                      1.   Certified Practitioner of Internal Audit CPIA
 IA Planning & Execution Dept. Head                                 2.   Qualified Internal Auditor QIA
                                                                    3.   Certified Internal Audit Executive CIAE
                                                                    4.   Certified Risk Professional CRP
 Krisma Perwita Sari                                                1.   Qualified Internal Auditor QIA
 IA Monitoring & Operational Management Dept. Head                  2.   Certified Practitioner of Internal Audit CPIA
                                                                    3.   Certified Lead Implementer ISO 37001
                                                                    4.   Certified Lead Auditor ISO 37001
                                                                    5.   Certified Risk Professional CRP
 Saga Hayyu Suyanto Putra                                           1.   Qualified Internal Auditor QIA
 Auditor
 Hokie Fitriawan                                                    1.   Certified Risk Associate
 Auditor                                                            2.   Qualified Internal Auditor QIA
                                                                    3.   Certified Practitioner of Internal Audit CPIA
 Ajeng Manda Pratiwi                                                1.   Certified Risk Professional CRP
 Auditor                                                            2.   Certified Human Capital Management CHCM
                                                                    3.   Certified Procurement Specialist CPSp
                                                                    4.   Qualified Internal Auditor QIA
 Fajhar Willys Hendra Prasetya                                      1.   ISO 37001 Lead Auditor
 Auditor                                                            2.   Certified Information Secutiry Manager CISM
                                                                    3.   COBIT 2019 Foundation
                                                                    4.   ITIL Foundation Certificate in IT Service Management
                                                                    5.   Certified Information System Auditor CISA
                                                                    6.   Certified Risk Professional CRP
                                                                    7.   Qualified Internal Auditor QIA
 Indri Astuti                                                       1.   Certified Contract Drafter
 Quality Assurance                                                  2.   Certified Risk Professional CRP
                                                                    3.   Qualified Internal Auditor QIA
                                                                    4.   CIA Course Review
 Corry Annelia Poundti H                                            1.   Certified Data Analysis
 IA Planning & Execution Senior Specialist
 Alif Aditya Suwandaru*                                             1.   Certified Indonesian Professional Engineer
 IA Planning & Execution Senior Specialist
 Indri Kurnia Lestari                                               1.   Certified Practitioner of Internal Audit CPIA
 IA Monitoring & Operational Management Senior Specialist
 Aulia Rahmi Halida*                                                1.   Certified Procurement Officer CPOF
 IA Monitoring & Operational Management Senior Specialist           2.   Certified Professional Level Foundation
 Mochammad Mulyanto                                                 1.   Certified Practitioner of Internal Audit CPIA
 IA Planning & Execution Specialist                                 2.   Certified Risk Associate CRA
                                                                    3.   Sertifikat Tingkat Dasar Ahli Pengadaan/Basic Level Certificate in
                                                                         Procurement Expertise
                                                                    4.   Barang/Jasa/Goods/Services
 Iwan Setianto*                                                     1.   Certified Procurement Officer CPOF
 IA Planning & Execution Specialist
 Sriwahyuni*                                                        1.   Certified Procurement Officer CPOF
 IA Monitoring & Operational Management Specialist                  2.   COBIT 2019 Foundation
                                                                    3.   TIL Foundation Certificate in IT Service Management




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                    699
Page 700
01                                 02                              03                         04                                            05
Ikhtisar Kinerja Utama             Laporan Manajemen               Profil Perusahaan           Analisa dan Pembahasan Manajemen              Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report               Company Profile             Management Discussion and Analysis            Business Support Functions




Tabel Personel Internal Audit
Table of Internal Audit Personnel

                                  Nama                                                                           Sertifikasi
                                  Name                                                                          Certification
 Juairiah                                                                 1.    Certified Procurement Officer CPOF
 IA Monitoring & Operational Management Assistant                         2.    Certified Risk Associate CRA
                                                                          3.    Certified Practitioner of Internal Audit CPIA
 Boyke Jaguar                                                             1.    Certified Practitioner of Internal Audit CPIA
 IA Monitoring & Operational Management Assistant                         2.    Certified Risk Associate CRA
                                                                          3.    Certified Procurement Officer CPOF
                                                                          4.    Qualified Internal Auditor QIA
 Diah Ayu Damayanti                                                       1.    Certified Risk Associate CRA
 IA Planning & Execution Senior Officer
 Keterangan/Note
 *) Personil baru/Personil baru




Program Pengembangan Kompetensi Internal                                              Internal Audit Senior Group Head Competency
Audit Senior Group Head                                                               Development Program

Pengembangan kompetensi Internal Audit Senior Group                                   Competency development for the Internal Audit Senior
Head dapat dilihat pada Bab Profil Perusahaan dalam buku                              Group Head is available in the Company Profile Chapter of
Laporan Tahunan ini.                                                                  this Annual Report.

Pelaksanaan Tugas Tahun 2025                                                          Duty Implementation in 2025

Sesuai Program Kerja Pengawasan Tahunan Tahun 2025                                    In accordance with the 2025 Annual Supervision Work
(PKPT), sampai dengan Triwulan IV Tahun 2025 fungsi Audit                             Programme (PKPT), until the fourth quarter of 2025, the
Internal merealisasikan program kerja pengawasan meliputi                             Internal Audit function will implement a supervision work
kegiatan Assurance, Advisory dan Monitoring dengan                                    programme covering Assurance, Advisory and Monitoring
penjelasan sebagai berikut:                                                           activities, with the following details:
1. Laporan Pelaksanaan dan Pokok Hasil Kegiatan Audit                                 1. Report on the Implementation and Main Results of
    Internal.                                                                             Internal Audit Activities.
    Audit Internal mencakup dua jenis kegiatan utama,                                     Internal Audit covers two main types of activities,
    yaitu assurance dan advisory, yang dirancang untuk                                    namely assurance and advisory, which are designed to
    mendukung evaluasi tata kelola, pengendalian internal,                                support the evaluation of corporate governance, internal
    dan pengelolaan risiko perusahaan. Laporan ini                                        control, and risk management. This report aims to
    bertujuan untuk memberikan gambaran menyeluruh atas                                   provide a comprehensive overview of efforts to improve
    upaya peningkatan kepatuhan, efisiensi operasional,                                   compliance, operational efficiency, and process quality
    dan kualitas proses di perusahaan. Kegiatan assurance                                 within the company. Assurance activities are carried
    dilakukan melalui audit dan review yang mencakup                                      out through audits and reviews that cover the stages of
    tahapan perencanaan, pelaksanaan, hingga pemantauan                                   planning, implementation, and systematic monitoring,
    secara sistematis, dengan tujuan memastikan kepatuhan                                 with the aim of ensuring compliance with regulations
    terhadap peraturan dan meningkatkan efisiensi                                         and improving operational efficiency.
    operasional.

     Sementara itu, kegiatan advisory meliputi penyediaan                                 Meanwhile, advisory activities include the provision of
     layanan konsultasi dan asistensi yang bertujuan untuk                                consulting and assistance services aimed at improving
     meningkatkan kualitas proses dan sistem yang ada.                                    the quality of existing processes and systems. Through
     Melalui kegiatan ini, diharapkan manajemen dapat                                     these activities, it is hoped that management can make
     mengambil keputusan secara lebih efektif dan efisien.                                decisions more effectively and efficiently.

     Tabel Pelaksanaan Assurance di Tahun 2025
     Table of Assurance Implementation in 2025

                               Unit Kerja                                      Regional                                 Anak Perusahaan
                               Work Unit                                       Regions                                    Subsidiaries
      Human Capital Development Group                                 JNT Regional Division       PT Jasamarga Japek Selatan

      Accounting & Tax Group                                          JMT Regional Division       PT Trans Marga Nusantara (Joint Audit)

      Procurement & Fixed Group                                                                   PT Marga Sarana Jabar (Joint Audit)

      Information Technology Group                                                                PT Jasamarga Tollroad Maintenance

      Operation and Maintenance Management Group                                                  PT Jasamarga Solo Ngawi (Joint Audit)

      Risk Quality & Quality, Helath, Safety & Environment Group                                  PT Jasamarga Ngawi Kertosono (Joint Audit)




700                                                                                        Laporan Tahunan 2025 Annual Report           PT Jasa Marga (Persero) Tbk
Page 701
06                                07                                     08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




     Tabel Pelaksanaan Assurance di Tahun 2025
     Table of Assurance Implementation in 2025

                            Unit Kerja                               Regional                                Anak Perusahaan
                            Work Unit                                Regions                                   Subsidiaries
                                                                                       PT Jasamarga Semarang Batang (Joint Audit)

                                                                                       PT Jasamarga Kualanamu Tol (Perbantuan Personel Auditor/
                                                                                       Auditor Personnel Assistance)

                                                                                       PT Jasamarga Transjawa Tol (Perbantuan Personel Auditor/ Auditor
                                                                                       Personnel Assistance)

                                                                                       PT Jasamarga Tollroad Operator (Perbantuan Personel Auditor/
                                                                                       Auditor Personnel Assistance)




2. Program Peningkatan Kompetensi                                          2. Competency Improvement Programme
   Sepanjang tahun 2025 telah dilaksanakan program                            Throughout 2025, competency improvement programmes
   peningkatan        kompetensi    berupa     (Directorship)                 were implemented in the form of (Directorship) Strategic
   Pengenalan Strategis Merger & Acquisition, Kick Off                        Introduction to Mergers & Acquisitions, Kick Off and
   dan Workshop "Desain dan Implementasi Internal                             Workshop on ‘Design and Implementation of Internal
   Control over Financial Reporting (ICOFR) PT Jasa Marga                     Control over Financial Reporting (ICOFR) at PT Jasa
   (Persero) Tbk", Pelatihan Internal Manajemen Risiko                        Marga (Persero) Tbk’, 2025 Internal Risk Management
   2025 (Batch 2), Qualified Internal Auditor (QIA) Tingkat                   Training (Batch 2), Basic Level Qualified Internal Auditor
   Dasar, Qualified Internal Auditor (QIA) Tingkat Lanjutan,                  (QIA), Advanced Level Qualified Internal Auditor (QIA),
   Internal Control COSO - 2013, Workshop Implementasi                        COSO Internal Control - 2013, Internal Control Over
   Internal Control Over Reporting (ICOFR), Seminar                           Reporting (ICOFR) Implementation Workshop, 2025
   Nasional Internal Audit (SNIA) 2025, dan Certified                         National Internal Audit Seminar (SNIA), and Certified
   Practitioner of Internal Audit (CPIA).                                     Practitioner of Internal Audit (CPIA).
3. Program Monitoring Tindak Lanjut Hasil Audit                            3. Audit Follow-Up Monitoring Program
   Aktivitas monitoring terhadap hasil pemeriksaan/audit                      Monitoring activities of the results of examinations/
   yang dilakukan Internal Audit Group Kantor Pusat,                          audits conducted by the Internal Audit Group at the Head
   Regional, Anak Perusahaan Lini Bisnis Konsesi Jalan                        Office, Regional Offices, Toll Road Concession Business
   Tol, Anak Perusahaan Lini Bisnis Pengoperasian Jalan                       Line Subsidiaries, Toll Road Operation Business Line
   Tol, dan Anak Perusahaan Lini Bisnis Prospektif sebagai                    Subsidiaries, and Prospective Business Line Subsidiaries
   tindakan monitoring/pemantauan berkelanjutan. Progres                      as a form of continuous monitoring/supervision. The
   monitoring tindak lanjut hasil Audit Operasional dapat                     progress of monitoring the follow-up of Operational
   dilihat pada bagian Temuan dan Tindak Lanjut Hasil                         Audit results can be seen in the Audit Findings and
   Audit.                                                                     Follow-up section.
4. Pendampingan Audit Eksternal                                            4. External Audit Assistance
   a. Pemeriksaan BPK AKN IV Berdasarkan Surat Tugas                          a. BPK AKN IV Examination Based on Assignment Letter
        Anggota IV Badan Pemeriksa Keuangan (BPK) Nomor:                          of Member IV of the Audit Board of Indonesia (BPK)
        78/T/ST/ANGGOTA-IV/PPN.03/08/2025 tanggal 1                               Number:        78/T/ST/ANGGOTA-IV/PPN.03/08/2025
        Agustus 2025 untuk melakukan Pemeriksaan Dengan                           dated August 1, 2025 to conduct a Special Purpose
        Tujuan Tertentu atas Pengusahaan Jalan Tol s.d.                           Audit on Toll Road Management up to the Third
        Triwulan Ill Tahun 2025 pada Direktorat Jenderal Bina                     Quarter of 2025 at the Directorate General of
        Marga, Direktorat Jenderal Pembiayaan lnfrastruktur                       Highways, Directorate General of Infrastructure
        Pekerjaan Umum dan Badan Pengatur Jalan Tol                               Financing for Public Works, and the Toll Road
        Kementerian Pekerjaan Umum serta Instansi Terkait                         Regulatory Agency of the Ministry of Public Works
        Lainnya di Provinsi DKI Jakarta, Banten, Jawa Barat,                      as well as Other Related Agencies in the Provinces
        Jawa Tengah, Jawa Timur, Sulawesi Utara dan                               of DKI Jakarta, Banten, West Java, Central Java, East
        Sulawesi Selatan.                                                         Java, North Sulawesi, and South Sulawesi.
   b. Pemeriksaan BPK AKN VII berdasarkan Surat                               b. BPK AKN VII's audit is based on the Assignment Letter
        Tugas Anggota BPK Nomor 84/T/ST/ANGGOTA-                                  of BPK Member Number 84/T/ST/ANGGOTAVII/
        VII/PBN.01/09/2025 tanggal 3 September 2025                               PBN.01/09/2025 dated September 3, 2025 to carry
        untuk melaksanakan Pemeriksaan Kinerja atas                               out a Performance Audit on the Toll Road Business
        Pengusahaan Bisnis Jalan Tol pada PT Jasa Marga                           Operations at PT Jasa Marga (Persero) Tbk, its
        (Persero) Tbk, Anak Perusahaan, dan Instansi Terkait                      subsidiaries, and related agencies for the year 2023
        Tahun 2023 s.d. Semester I 2025 di DKI Jakarta,                           up to the first semester of 2025 in DKI Jakarta, West
        Jawa Barat, Jawa Tengah, DI Yogyakarta, dan Jawa                          Java, Central Java, DI Yogyakarta, and East Java;
        Timur;
   c. Pelaksanaan Kegiatan Pemantauan Tindak Lanjut                             c. Implementation of Monitoring Activities for the
        Rekomendasi Hasil Pemeriksaan (TLRHP) BPK                                  Follow-Up of Audit Recommendation Results
        Semester II Tahun 2024 pada PTJasa Marga                                   (TLRHP) by BPK for Semester II 2024 at PT Jasa
        (Persero) Tbk;                                                             Marga (Persero) Tbk;
   d. Audit Umum Laporan Keuangan Konsolidasian dan                             d. General Audit of the Consolidated Financial
        Laporan Keuangan Program Pendanaan Usaha Mikro                             Statements and the Financial Statements of the
        dan Usaha Kecil (PUMK) PT Jasa Marga (Persero)                             Micro and Small Business Funding Program (PUMK)


PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                                701
Page 702
01                                    02                            03                        04                                       05
Ikhtisar Kinerja Utama                Laporan Manajemen             Profil Perusahaan          Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights            Management Report             Company Profile            Management Discussion and Analysis       Business Support Functions




           Tbk Tahun Buku 2025 oleh KAP Amir Abadi Jusuf,                                      of PT Jasa Marga (Persero) Tbk for Fiscal Year 2025
           Aryanto,Mawar & Rekan (RSM Indonesia);                                              by Public Accounting Firm Amir Abadi Jusuf, Aryanto,
                                                                                               Mawar & Partners (RSM Indonesia);
        e. Tindak Lanjut Laporan Auditor Independen Tahun                                   e. Follow-up on the Independent Auditor's Report for
           buku 2024 atas, Kepatuhan terhadap Peraturan                                        fiscal year 2024 regarding Compliance with Laws
           Perundang-undangan dan atas Kepatuhan terhadap                                      and Regulations and Compliance with Internal
           Pengendalian Internal; dan                                                          Controls; and
        f. Pendampingan BPKP dalam rangka pelksanaan                                        f. BPKP assistance in the implementation of the
           penugasan Evaluasi Akuntabilitas Kinerja dan                                        assignment to Evaluate Performance and Financial
           Keuangan BUMN Pas PT Jasa Marga (Persero) Tbk                                       Accountability of SOEs, specifically PT Jasa Marga
           sesuai Surat Deputi Bidang Akuntan Negara Nomor:                                    (Persero) Tbk, in accordance with the Letter
           PE.09.02/S-577/D5/01/2025 tanggal 14 Juli 2025                                      from the Deputy for State Accountants Number:
           dan surat Tugas Direktur Pengawasan Badan Usaha                                     PE.09.02/S-577/D5/01/2025 dated July 14, 2025
           Agrobisnis dan Infrastruktur Nomor: PE.09/02/ST-                                    and the Assignment Letter from the Director of
           180//D501/3/2025 tanggal 10 Juli 2025.                                              Supervision of Agribusiness and Infrastructure
                                                                                               State-Owned Enterprises Number: PE.09/02/ST-
                                                                                               180//D501/3/2025 dated July 10, 2025.

Rapat Unit Audit Internal dengan Direksi, Dewan                                        Internal Audit Unit Meetings with the Board of Directors,
Komisaris, dan/atau Komite Audit                                                       Board of Commissioners, and/or Audit Committee

Pertemuan dalam rangka pembahasan hal-hal terkait                                      Meetings to discuss audit-related matters are held by
audit dilakukan oleh Internal Audit bersama jajaran Dewan                              Internal Audit together with the Board of Commissioners
Komisaris dan/atau manajemen puncak untuk memberikan                                   and/or top management to provide the latest information for
informasi terkini guna pengambilan keputusan Perseroan                                 the Company to make appropriate decisions.
secara tepat.

Tabel Daftar Rapat Audit Internal dengan Direksi, Dewan Komisaris, dan/atau Komite Audit
Table of Internal Audit Meetings with the Board of Directors, Board of Commissioners, and/or Audit Committee

                                                                                                                    Dewan                         Komite
                                                                                                                                    Direksi
                       Tanggal Rapat                                       Agenda Rapat                           Komisaris                        Audit
 No.                                                                                                                               Board of
                        Meeting Date                                      Meeting Agenda                           Board of                        Audit
                                                                                                                                   Directors
                                                                                                                Commissioners                    Committee
   1.     Senin, 13 januari 2025                          Progress Meeting KAP Tahap VII.
          Monday, January 13, 2025                        Progress Meeting KAP Phase VII.

   2.                                                     1.   Progress Audit Tahun 2024.
                                                          2.   Laporan Kemajuan ICOFR Tahap Lanjutan.
          Kamis, 30 Januari 2025                          3.   Laporan Tahunan Internal Audit Tahun 2024.
          Thursday, January 30, 2025                      1.   2024 Progress Audit.
                                                          2.   Advanced Stage ICOFR Progress Report.
                                                          3.   2024 Internal Audit Annual Report.

  3.      Jum'at, 21 Februari 2025                        Progress Meeting KAP ke – 10.
          Friday, February 21, 2025                       10th KAP Progress Meeting.

  4.      Selasa, 22 April 2025                           Penjelasan KAK & Klarifikasi dan Negosiasi.
          Tuesday, April 22, 2025                         Explanation of TOR & Clarification and Negotiation.

   5.                                                     1.   Pembahasan Program Kerja Triwulan 2 SPI
                                                               Tahun 2025.
                                                          2.   Hasil Tindaklanjut Review ICOFR Grand
          Jum'at, 25 Juli 2025
                                                               Mercure Yogyakarta.
          Friday, July 25, 2025
                                                          1.   Discussion of Triwulan Work Program
                                                          2.   SPI Year 2025. 2. Follow-up Results of ICOFR
                                                               Review Grand Mercure Yogyakarta.

   6.                                                     Laporan Progress Meeting Audit 31 Desember 2025
          Kamis, 9 Oktober 2025                           untuk APJT Konstruksi.
          Thursday, October 9, 2025                       Progress Meeting Audit Report December 31, 2025
                                                          for APJT Construction.

   7.     Jum'at - Sabtu, 14 -15 November 2025            Laporan Triwulan III Internal Audit Tahun 2025.
          Friday - Saturday, November 14-15, 2025         Third Quarter Internal Audit Report for 2025.




Temuan dan Tindak Lanjut Hasil Audit                                                   Audit Findings and Follow-Up Actions

Temuan dari hasil pelaksanaan audit operasional                                        Findings from operational audits result in recommendations
menghasilkan rekomendasi yang disepakati bersama                                       agreed upon with the audited entity for improvement. In 2025,
dengan entitas yang diaudit untuk dilakukan perbaikan. Pada                            the findings and follow-up actions on the recommendations
tahun 2025, hasil temuan dan tindak lanjut rekomendasinya                              are presented in the Audit Findings and Follow-up Actions
disajikan dalam Tabel Temuan dan Tindak Lanjut Hasil Audit.                            Table.


702                                                                                          Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 703
06                                    07                                       08
Tata Kelola Perusahaan                Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance             Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




Terhadap temuan yang status rekomendasinya ‘belum                                For findings with an “incomplete” recommendation status,
selesai’ maka Internal Audit Group akan melakukan kegiatan                       the Internal Audit Group will conduct Audit Findings Follow-
Monitoring Tindak Lanjut Hasil Audit untuk memastikan                            up Monitoring activities to ensure corrective actions are
tindakan korektif yang dilakukan sesuai dengan rekomendasi                       taken in accordance with the recommendations. The
yang diberikan, proses monitoring dilakukan melalui Rapat                        monitoring process is carried out through Coordination
Koordinasi penyelesaian rekomendasi hasil audit dengan                           Meetings on the completion of audit recommendations with
Unit/Regional/Anak Perusahaan yang dilaksanakan secara                           Units/Regions/Subsidiaries, held every quarter, and through
periodik per triwulan, dan penyampaian rekapitulasi                              the submission of a recapitulation of the completion of audit
penyelesaian rekomendasi hasil audit kepada unit/Regional/                       recommendations to Units/Regions/Subsidiaries, also held
Anak Perusahaan dilaksanakan secara periodik per triwulan.                       every quarter.

Tabel Penyelesaian Rekomendasi Hasil Audit Periode Audit Tahun 2025
Table of Audit Recommendation Completion for the 2025 Audit Period


                                                                                                                    Status
                                                  Jumlah          Jumlah
                       Klien                      Temuan       Rekomendasi           Sesuai             Belum Sesuai              Belum
 No.                                                                                                                                            Tidak Dapat
                       Client                       Total          Total          Rekomendasi           Rekomendasi          Ditindaklanjuti
                                                                                                                                               Ditindaklanjuti
                                                  Findings    Recommendation           As             Not yet According      Not Followed-
                                                                                                                                               Not Actionable
                                                                                 Recommendation      to Recommendation            up yet

  1.    Human Capital Development Group              15              25                 10                     3                   12                0

  2.    PT Jasamarga Japek Selatan                   12                  21              17                    4                   0                 0

  3.    Information Technology Group                27               36                 34                     2                   0                 0

  4.    Procurement and Fix Asset Group              5                   12              1                     0                   11                0

  5.    Regional Meropolitan Tollroad                1                   6               0                     0                   6                 0

  6.    Regional Nusantara Tollroad                  4                   8               2                     0                   6                 0

  7.    Accounting & Tax Group                       1                   2               0                     0                   2                 0

  8.    PT Marga Trans Nusantara                    24               40                 18                    21                    1                0

        Operation & Maintenance
  9.                                                 8               19                  0                     0                   19                0
        Management Group

  10.   PT Marga Sarana Jabar                       23               34                 22                     7                   5                 0

 Jumlah
                                                    253              455               349                    48                   67                0
 Total


                                                                                 The recommendations generated from the 2024 and
Rekomendasi yang dihasilkan dari hasil audit pada tahun                          2025 audits totalled 455, and follow-up monitoring is
2024 dan 2025 adalah sebanyak 455 dan masih terus                                still ongoing to ensure that each relevant work unit is
dilaksanakan monitoring tindak lanjutnya untuk memastikan                        responsible for following up on these recommendations
agar setiap unit kerja terkait bertanggung jawab untuk                           within the specified time frame. As of the date of this report,
menindaklanjuti rekomendasi tersebut sesuai dengan batas                         328 recommendations from the audit results have been
waktu yang telah ditetapkan. Hingga laporan ini disusun,                         completed, including 92 recommendations from the 2025
328 rekomendasi dari hasil audit yang telah diselesaikan di                      audit period, while the rest are still being processed by the
antaranya 92 Rekomendasi pada periode audit tahun 2025                           Work Units.
dan yang lainnya masih dalam proses penyelesaian oleh Unit
Kerja.
                                                                                 The recommendations are aimed at improving the
Pemberian rekomendasi bertujuan untuk meningkatkan                               effectiveness of internal controls, regulatory compliance,
efektivitas pengendalian internal, kepatuhan terhadap                            operational efficiency, and mitigation of potential risks that
regulasi, efisiensi operasional, serta mitigasi terhadap                         could have a negative impact on the organisation. The Group
potensi risiko yang dapat berdampak negatif terhadap                             Internal Audit systematically monitors the implementation of
organisasi. Internal Audit Grup secara sistematis                                these follow-up actions, which cover work units at the Head
melaksanakan pemantauan atas realisasi tindak lanjut ini,                        Office, Regional Offices, and Subsidiaries, to ensure that all
yang mencakup unit kerja di Kantor Pusat, kantor-kantor                          internal audit recommendations are followed up effectively..
Regional, serta Anak Perusahaan, guna memastikan bahwa
semua rekomendasi audit internal ditindaklanjuti secara
efektif.
                                                                                 Internal Audit Performance Assessment Based on
Penilaian Kinerja Internal Audit Berdasarkan Key                                 Key Performance Indicators (KPI)
Performance Indicator (KPI)
                                                                                 The results of the Internal Audit performance assessment
Hasil penilaian kinerja Internal Audit disajikan dalam Tabel                     are presented in the 2025 Internal Audit Performance
Penilaian Kinerja Internal Audit Tahun 2025. Pencapaian                          Assessment Table. Performance achievements based on
kinerja berdasarkan KPI di Internal Audit Group tahun 2025                       KPIs in the Internal Audit Group in 2025 are 109.1% of the
adalah 109,1% terhadap rencana.                                                  plan.



PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                                   703
Page 704
01                             02                        03                      04                                        05
Ikhtisar Kinerja Utama         Laporan Manajemen         Profil Perusahaan        Analisa dan Pembahasan Manajemen          Fungsi Penunjang Bisnis
Main Performace Highlights     Management Report         Company Profile          Management Discussion and Analysis        Business Support Functions




Kantor Akuntan Publik
Public Accounting Firm
Kebijakan Penunjukan Kantor Akuntan                                         Public Accounting Firm Appointment
Publik                                                                      Policy
Fungsi pengawasan independen terhadap aspek keuangan                        Independent oversight of the Company’s financial aspects is
Perseroan dilakukan dengan melaksanakan pemeriksaan                         carried out through an External Audit conducted by a Public
Audit Eksternal yang dilakukan oleh Kantor Akuntan Publik                   Accounting Firm (KAP). The External Auditor who audits the
(KAP). Auditor Eksternal yang memeriksa laporan keuangan                    Company’s financial statements for the 2025 fiscal year is
Perseroan tahun buku 2025 ditetapkan melalui RUPS                           appointed by the Annual GMS based on recommendations
Tahunan berdasarkan rekomendasi dari Dewan Komisaris                        from the Board of Commissioners and the Audit Committee.
dan Komite Audit. Proses pemilihannya dilakukan sesuai                      The selection process is carried out in accordance with the
dengan mekanisme pengadaan barang dan jasa yang                             applicable goods and services procurement mechanism. To
berlaku. Untuk menjamin independensi dan kualitas hasil                     ensure the independence and quality of the audit results,
pemeriksaan, Auditor Eksternal yang ditunjuk tidak boleh                    the appointed External Auditor must not have any conflicts
memiliki benturan kepentingan dengan Perseroan.                             of interest with the Company.


Penunjukan Kantor Akuntan Publik                                            Public Accounting Firm Appointment
Pada RUPS Tahunan Jasa Marga tanggal 7 Mei 2025,                            At the Annual GMS of Jasa Marga on May 7, 2025, the
Perseroan telah menetapkan Kantor Akuntan Publik (KAP)                      Company appointed the Public Accounting Firm (KAP) Amir
Amir Abadi Jusuf, Aryanto, Mawar & Rekan (RSM Indonesia)                    Abadi Jusuf, Aryanto, Mawar & Partner (RSM Indonesia) as
sebagai Kantor Akuntan Publik yang akan melakukan audit                     the Public Accounting Firm that will audit the Company’s
atas Laporan Keuangan Konsolidasian Perseroan Tahun                         Consolidated Financial Statements for the 2025 Fiscal Year
Buku 2025 serta Laporan Keuangan Program Pendanaan                          as well as the Financial Statements for the Micro and Small
Usaha Mikro dan Usaha Kecil (PUMK), serta Laporan lainnya                   Business Funding Program (PUMK), and other reports for
untuk Tahun Buku 2025.                                                      the 2025 Fiscal Year.

Tabel Kantor Akuntan Publik, Nama Akuntan, Biaya dan Izin Akuntan Publik Periode 5 Tahun Terakhir
Table of Public Accounting Firms, Accountant Names, Fees, and Public Accountant Licenses for the Last 5 Years


                                                                      Nama Akuntan
                                                                                                                                   Izin Akuntan
                Nama Kantor Akuntan Publik                               (Partner             Periode             Biaya Jasa
   Tahun                                                                                                                               Publik
                           (KAP)                   Periode KAP         Penanggung             Akuntan             Audit (Rp)
    Year                                                                                                                               Public
                    Public Accounting               KAP Period            Jawab)             Accounting          Audit Service
                                                                                                                                    Accountant
                     Firm (KAP) Name                                 Accountant Name           Period              Fees (Rp)
                                                                                                                                      License
                                                                    (Partner in Charge)
               Amir Abadi Jusuf, Aryanto,
               Mawar & Rekan (RSM Indonesia)
                                             Periode ke-4                                 Periode ke-4
     2025      Amir Abadi Jusuf, Aryanto,                          Dedi Sukrisnadi                                2.263.155.000       AP.0645
                                             Fourth Period                                Fourth Period
               Mawar & Partners (RSM
               Indonesia)
               Amir Abadi Jusuf, Aryanto,
               Mawar & Rekan (RSM Indonesia)
                                             Periode ke-3                                 Periode ke-3
    2024       Amir Abadi Jusuf, Aryanto,                          Dedi Sukrisnadi                                1.980.000.000       AP.0645
                                             Third Period                                 Third period
               Mawar & Partners (RSM
               Indonesia)
               Amir Abadi Jusuf, Aryanto,
               Mawar & Rekan (RSM Indonesia)
                                             Periode ke-2                                 Periode ke-2
    2023       Amir Abadi Jusuf, Aryanto,                          Dedi Sukrisnadi                                2.135.942.500       AP.0645
                                             Second Period                                Second period
               Mawar & Partners (RSM
               Indonesia)
               Amir Abadi Jusuf, Aryanto,
               Mawar & Rekan (RSM Indonesia)
                                             Periode ke-1                                 Periode ke-1
     2022      Amir Abadi Jusuf, Aryanto,                          Dedi Sukrisnadi                                1.898.100.000       AP.0645
                                             First Period                                 First period
               Mawar & Partners (RSM
               Indonesia)
               Purwantono, Sungkoro & Surja   Periode ke-6         Dagmar Zevilianty      Periode ke-2
     2021                                                                                                         3.700.760.000       AP.0690
               (Ernst & Young)                Sixth Period         Djamal                 Second period
               Purwantono, Sungkoro & Surja   Periode ke-6         Dagmar Zevilianty      Periode ke-1
    2020                                                                                                          3.702.314.000       AP.0690
               (Ernst & Young)                Sixth Period         Djamal                 First period




704                                                                             Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
Page 705
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Jasa yang Diberikan Kantor Akuntan                                    Services Provided by Public Accounting
Publik dan Akuntan Publik                                             Firms and Public Accountants

Jasa Audit                                                            Audit Services

Lingkup pekerjaan jasa audit yang dilakukan KAP Amir Abadi            The scope of audit services performed by KAP Amir Abadi
Jusuf, Aryanto, Mawar & Rekan (RSM Indonesia) adalah                  Jusuf, Aryanto, Mawar & Partners (RSM Indonesia) is as
sebagai berikut:                                                      follows:
1. Audit atas Laporan Keuangan Konsolidasian Perseroan                1. Audit of the Consolidated Financial Statements of the
    Tahun Buku 2025 yang berakhir pada 31 Desember                         Company for the Fiscal Year 2025 ending on December
    2025.                                                                  31, 2025.
2. Laporan Keuangan Program Pendanaan Usaha Mikro                     2. Report on the Financial Statements of the Micro and
    dan Usaha Kecil (PUMK) periode Tahun Buku 2025 yang                    Small Business Funding Program (PUMK) for the 2025
    berakhir pada 31 Desember 2025.                                        fiscal year ending on December 31, 2025.
3. Laporan lainnya untuk Tahun Buku 2025.                             3. Other reports for the 2025 fiscal year.

Jasa Non Audit                                                        Non-Audit Services

Untuk menjaga independensinya, Kantor Akuntan Publik (KAP)            To maintain its independence, the Public Accounting Firm
Amir Abadi Jusuf, Aryanto, Mawar & Rekan (RSM Indonesia)              (KAP) Amir Abadi Jusuf, Aryanto, Mawar & Partners (RSM
dan Akuntan Publik tidak melakukan jasa non audit.                    Indonesia), and the Public Accountants do not provide non-
                                                                      audit services.


Besarnya Fee untuk Jasa Audit yang                                    Fees for Audit Services Provided by Public
Diberikan oleh Kantor Akuntan Publik                                  Accounting Firms in the Last Fiscal Year
pada Tahun Buku Terakhir
Fee Jasa Audit                                                        Audit Service Fees
Besarnya biaya jasa audit laporan keuangan untuk tahun                The cost of financial statement audit services for the fiscal
buku yang berakhir pada tanggal 31 Desember 2025 adalah               year ending December 31, 2025, is Rp2,038,878,378 (two
sebesar Rp 2.038.878.378,- (dua miliar tiga puluh delapan             billion thirty-eight million eight hundred seventy-eight
juta delapan ratus tujuh puluh delapan ribu tiga ratus tujuh          thousand three hundred seventy-eight rupiah) excluding
puluh delapan rupiah) belum termasuk Pajak Pertambahan                Value Added Tax (VAT) in accordance with applicable
Nilai (PPN) sesuai peraturan yang berlaku. Besaran tersebut           regulations. This amount does not include reimbursable
belum termasuk out of pocket expenses (OPE) yang bersifat             out-of-pocket expenses (OPE), which consist of business
reimbursable yang terdiri dari biaya perjalanan dinas,                travel expenses, accommodation including hotels in and
akomodasi termasuk hotel dalam dan luar kota Jakarta,                 outside Jakarta, transportation, computer rental fees,
transportasi, biaya sewa komputer, biaya komunikasi, biaya            communication costs, office stationery costs, document
alat tulis kantor, biaya penggandaan dokumen, dan biaya               duplication costs, and report printing costs borne by the
cetak laporan yang menjadi beban Perseroan dengan jumlah              Company with a maximum amount of Rp170,390,000 (one
maksimum Rp170.390.000,- (seratus tujuh puluh juta tiga               hundred and seventy million, three hundred and ninety
ratus sembilan puluh ribu rupiah).                                    thousand rupiah).

Fee Jasa Non Audit                                                    Non-Audit Service Fees

Kantor Akuntan Publik (KAP) Amir Abadi Jusuf, Aryanto,                The Public Accounting Firm (KAP) Amir Abadi Jusuf,
Mawar & Rekan (RSM Indonesia) dan Akuntan Publik tidak                Aryanto, Mawar & Partners (RSM Indonesia), and the Public
melakukan jasa non audit.                                             Accountant do not provide non-audit services.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                            705
Page 706
01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Koordinasi Auditor Eksternal dan Komite                             Coodination between External Auditors
Audit                                                               and Audit Committee
Dalam rangka memastikan pelaksanaan audit eksternal dapat           To ensure the external audit is conducted effectively, the
berjalan secara efektif, Komite Audit melakukan pemantauan          Audit Committee monitors the External Auditor’s audit. The
terhadap pelaksanaan audit yang dilakukan oleh Auditor              Audit Committee also ensures that the audit is not hindered
Eksternal. Komite Audit juga memastikan agar pelaksanaan            and that all findings are followed up on. Coordination and
audit tidak menemui hambatan dan seluruh temuan dapat               communication with the External Auditor are scheduled
ditindaklanjuti. Koordinasi dan komunikasi dengan Auditor           to ensure any obstacles in the audit process are resolved
Eksternal dilakukan secara terjadwal, sehingga apabila              immediately. At every coordination meeting held by
terdapat kendala dalam proses audit dapat segera dicarikan          management with the relevant work units, the Board of
penyelesaiannya. Dalam setiap rapat koordinasi yang                 Directors monitors the follow-up on the findings of the
dilakukan manajemen dengan satuan-satuan kerja terkait,             audit conducted by the External Auditor to ensure they are
Direksi melakukan monitoring tindak lanjut atas temuan-             addressed and that the same findings are not repeated.
temuan hasil audit yang dilakukan Auditor Eksternal untuk
memastikan temuan-temuan tersebut telah ditindaklanjuti
dan agar temuan yang sama tidak akan terulang kembali.




Manajemen Risiko
Risk Management

Dalam menjalankan kegiatan usaha, Jasa Marga menyadari              In conducting its business activities, Jasa Marga recognizes
bahwa risiko merupakan bagian yang tidak terpisahkan                that risk is an integral part of every business process that
dalam setiap proses bisnisnya dimana dapat memengaruhi              can affect the Company's business results and performance.
hasil usaha dan kinerja Perseroan. Mengingat bisnis jalan           Given that the toll road business involves significant
tol merupakan bisnis dengan nilai investasi besar dengan            investment, long-term returns, and high uncertainty
pengembalian jangka panjang dan memiliki ketidakpastian             during construction and operations, risk management has
tinggi baik selama masa pembangunan maupun pada saat                become increasingly important for Jasa Marga to ensure the
pengoperasiannya, maka penerapan manajemen risiko                   sustainability of its business.
menjadi semakin penting bagi gerak langkah Jasa Marga
dalam memastikan keberlanjutan usahanya.

Manajemen risiko membantu pengambilan keputusan dengan              Risk management supports decision-making by considering
mempertimbangkan ketidakpastian dan pengaruhnya                     uncertainty and its impact on achieving the Company's
terhadap pencapaian tujuan strategis Perseroan. Menyadari           strategic objectives. Recognizing the risks faced, the
akan risiko-risiko yang dihadapi, Perseroan secara proaktif         Company proactively strives to improve its risk management
berusaha untuk meningkatkan kemampuan manajemen                     capabilities. To gain legitimacy across the organization, risk
risiko di Perseroan. Untuk dapat memperoleh legitimasi              management implementation policies need to be reinforced
di seluruh organisasi, kebijakan penerapan manajemen                through management commitments aligned with the
risiko perlu ditegaskan melalui komitmen manajemen yang             applicable rules.
disesuaikan dengan aturan yang berlaku.

Kebijakan Manajemen Risiko                                          Risk Management Policy
Direksi menetapkan Kebijakan Manajemen Risiko sebagai               The Board of Directors has established a Risk Management
acuan dalam mencapai Sasaran Jangka Panjang Perusahaan              Policy as a reference for achieving the Company’s Long-
dan Manual Manajemen Risiko sebagai wujud komitmen                  Term Objectives and a Risk Management Manual as a
untuk penerapan manajemen risiko di seluruh organisasi              manifestation of its commitment to implementing risk
secara luas dan terintegrasi, dalam rangka menunjang                management throughout the organization in a broad and
kepastian pencapaian Sasaran Jangka Panjang Perseroan,              integrated manner, to support the certainty of achieving the
serta memberikan kerangka penerapan manajemen                       Company’s Long-Term Objectives, as well as to provide a
risiko secara sistematis dan terukur sesuai persyaratan             framework for implementing risk management systematically
internasional.                                                      and measurably per international requirements.

Sejak tahun 2007, Jasa Marga telah menerapkan Sistem                Since 2007, Jasa Marga has implemented a Risk Management
Manajemen Risiko yang berbasis pada standar AS/NZS                  System based on AS/NZS 4360:1999, as stipulated in
4360:1999 sebagaimana ditetapkan dalam Keputusan Direksi            Board of Directors Decree No. 139/KPTS/2007 on the
No. 139/KPTS/2007 tentang Manual Pengelolaan Risiko.                Risk Management Manual. In 2009, risk management was
Pada tahun 2009, pengelolaan manajemen risiko mengacu               aligned with ISO 31000:2009 through the issuance of Jasa


706                                                                      Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 707
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




pada standar ISO 31000:2009 dengan diterbitkannya                     Marga Board of Directors Decree No. 129.2/KPTS/2010 on
Keputusan Direksi Jasa Marga No. 129.2/KPTS/2010 tentang              the Risk Management Policy and Risk Management Manual
Kebijakan Manajemen Risiko dan Manual Manajemen Risiko                at PT Jasa Marga (Persero) Tbk.
di Lingkungan PT Jasa Marga (Persero) Tbk.

Pada tahun 2018, Perseroan kembali melakukan tinjauan                 In 2018, the Company reviewed the implementation of
terhadap implementasi Manajemen Risiko yang berbasis                  Risk Management in accordance with ISO 31000:2018 and
pada standar ISO 31000:2018 dan melakukan pembaruan                   updated the Risk Management document by issuing Jasa
dokumen Manajemen Risiko tersebut dengan menerbitkan                  Marga Board of Directors Decree No. 119/KPTS/2019,
Keputusan Direksi Jasa Marga No. 119/KPTS/2019 tentang                which established the Risk Management Policy and the
Kebijakan Manajemen Risiko dan Pedoman Manajemen                      Domain Risk Management Manual within PT Jasa Marga
Risiko di Lingkungan PT Jasa Marga (Persero) Tbk serta                (Persero) Tbk. Furthermore, there were other changes to
kebijakan manajemen risiko terdapat perubahan kembali                 the risk management policy in which were aligned with the
yang menyelaraskan dengan Peraturan Menteri Badan                     Minister of State-Owned Enterprises Regulation No. PER-2/
Usaha Milik Negara No. PER-2/MBU/03/2023 tanggal                      MBU/03/2023 dated March 24, 2023, on Guidelines
24 Maret 2023, tentang Pedoman Tata Kelola dan Kegiatan               for Corporate Governance and Significant Corporate
Korporasi Signifikan Badan Usaha Milik Negara beserta                 Activities of State-Owned Enterprises along with Technical
dengan Petunjuk Teknisnya sebagaimana tertuang dalam                  Guidelines as stipulated in the Joint Decree of the Board
Keputusan Bersama Dewan Komisaris dan Direksi No. KEP-                of Commissioners and Board of Directors No. KEP-183/
183/XI/2024 dan No. 227/KPTS/2024 Tentang Kebijakan                   XI/2024 and No. 227/KPTS/2024 on Policies and Guidelines
dan Pedoman Manajemen Risiko Terintegrasi di Lingkungan               for Integrated Risk Management within PT Jasa Marga
PT Jasa Marga (Persero) Tbk tanggal 12 November 2024.                 (Persero) Tbk dated November 12, 2024.

Pengelolaan risiko di Perseroan mengacu pada beberapa                 Risk management in the Company refers to several
Peraturan Menteri Badan Usaha Milik Negara dan                        Regulations of the Minister of State-Owned Enterprises,
PT Danantara Asset Management (DAM), antara lain:                     including:
1. Peraturan Menteri Badan Usaha Milik Negara No. PER-2/              1. Ministry of State-Owned Enterprises Regulation
   MBU/03/2023, tanggal 24 Maret 2023,tentang Pedoman                     No. PER-2/MBU/03/2023, dated March 24, 2023, on
   Tata Kelola dan Kegiatan Korporasi Signifikan Badan                    Guidelines for Corporate Governance and Significant
   Usaha Milik Negara.                                                    Corporate Activities of State-Owned Enterprises.
2. Permintaan Data Profil Q3-2025 berdasarkan surat dari              2. Request for Q3-2025 Profile Data based on a letter from
   PT DAM No. SR.014/DI-DAM/MDR/2025 tanggal 9 Oktober                    PT DAM No. SR.014/DI-DAM/MDR/2025 dated October
   2025.                                                                  9, 2025.
3. Keputusan Deputi Bidang Keuangan dan Manajemen                     3. Deputy for Finance and Risk Management of the
   Risiko Kementerian Badan Usaha Milik Negara Republik                   Ministry of State-Owned Enterprises Decree No. SK-3/
   Indonesia No. SK-3/DKU.MBU/05/2023 tentang Petunjuk                    DKU.MBU/05/2023 on Technical Guidelines for the
   Teknis Komposisi dan Kualifikasi Organ Pengelola Risiko                Composition and Qualifications of Risk Management
   di Lingkungan Badan Usaha Milik Negara.                                Bodies within State-Owned Enterprises.
4. Keputusan Deputi Bidang Keuangan dan Manajemen                     4. Deputy for Finance and Risk Management of the
   Risiko Kementerian Badan Usaha Milik Negara Republik                   Ministry of State-Owned Enterprises Decree No. SK-6/
   Indonesia No. SK-6/DKU.MBU/10/2023 tentang Petunjuk                    DKU.MBU/10/2023 on Technical Guidelines for the
   Teknis Proses Manajemen Risiko dan Agregasi pada                       Risk Management Process and Aggregation in the Risk
   Taksonomi Risiko Portofolio Badan Usaha Milik Negara.                  Taxonomy of State-Owned Enterprise Portfolios.
5. Keputusan Deputi Bidang Keuangan dan Manajemen Risiko              5. Deputy for Finance and Risk Management of the
   Kementerian Badan Usaha Milik Negara Republik Indonesia                Ministry of State-Owned Enterprises Decree No. SK-7/
   No. SK-7/DKU.MBU/10/2023 tentang Petunjuk Teknis                       DKU.MBU/10/2023 on Technical Guidelines for Risk
   Pelaporan Manajemen Risiko Badan Usaha Milik Negara.                   Management Reporting of State-Owned Enterprises.
6. Keputusan Deputi Bidang Keuangan dan Manajemen                     6. Deputy for Finance and Risk Management of the Ministry
   Risiko Kementerian Badan Usaha Milik Negara Republik                   of State-Owned Enterprises Decree No. SK-8/DKU.
   Indonesia No. SK-8/DKU.MBU/12/2023 tentang Petunjuk                    MBU/12/2023 on Technical Guidelines for Risk Maturity
   Teknis Penilaian Indeks Kematangan Risiko Risk Maturity               Index Assessment in State-Owned Enterprises.
   Index) di Lingkungan Badan Usaha Milik Negara.

Ditandatanganinya Kebijakan Manajemen Risiko oleh                     The signing of the Risk Management Policy by all Board of
semua Direksi menunjukkan komitmen, kesungguhan dan                   Directors demonstrates the Board of Directors commitment,
kepedulian Direksi terhadap pentingnya manajemen risiko               sincerity, and concern regarding the importance of risk
dalam keberlangsungan hidup dan mengamankan sasaran                   management to the Company’s survival and the achievement
Perseroan.                                                            of its objectives.

Tujuan Kebijakan & Pedoman Manajemen Risiko tersebut                  The Risk Management Policy is as follows:
adalah sebagai berikut:
1. Melindungi nilai Perusahaan dari konsekuensi negatif               1.   Protecting the Company’s value from adverse
    yang bisa terjadi baik akibat kejadian eksternal maupun                consequences that may arise from both external and
    internal;                                                              internal events;



PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                         707
Page 708
01                           02                    03                       04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen     Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report     Company Profile           Management Discussion and Analysis       Business Support Functions




2. Menciptakan       nilai    bagi    Perusahaan      dengan          2. Creating value for the Company by leveraging
   mengeksploitasi peluang yang mungkin bisa diambil dan                 opportunities that can be identified and utilized for the
   dimanfaatkan untuk kepentingan Perusahaan;                            benefit of the Company;
3. Menjadikan pengelolaan risiko sebagai budaya                       3. Embedding risk management as part of the Company’s
   Perusahaan dalam berperilaku, bertindak, dan                          culture in how the Company behaves, acts, and makes
   mengambil keputusan yang telah melalui pertimbangan                   decisions through careful and prudent consideration;
   yang matang;
4. Menjadikan Perusahaan menjadi Perusahaan yang                      4. Enabling the Company to remain agile and sustainable
   tangkas dan berkelanjutan (agile and sustainable)                     over the long term through the proper implementation of
   secara jangka panjang dengan penerapan Manajemen                      risk management;
   Risiko yang benar;
5. Memperbesar peluang tercapainya sasaran Perusahaan                 5. Increasing the likelihood of achieving the Company’s
   dalam memenuhi tugasnya sebagai Perusahaan                            objectives in carrying out its role as a trusted toll road
   pengelola jalan tol yang terpercaya;                                  operator;
6. Menyediakan suatu sistem dasar pengambilan                         6. Providing a structured and measurable foundation for
   keputusan, perencanaan, dan tindakan, yang sistematis                 decision-making, planning, and actions;
   dan terukur;
7. Menyediakan sistem pembuatan pelaporan yang                        7.   Providing a reporting framework that delivers meaningful
   memberikan informasi berharga atas apa yang telah                       information on what has occurred, what may occur,
   terjadi, akan terjadi, dan persiapan atas segala                        and preparedness for uncertainties that may affect the
   ketidakpastian yang mempengaruhi sasaran Perusahaan;                    Company’s objectives; and
   dan
8. Memitigasi tantangan perubahan iklim secara menyeluruh             8. Addressing climate change challenges comprehensively
   melalui Manajemen Risiko fisik terkait potensi bencana                by managing physical risks related to potential natural
   alam, dan risiko transisi terkait peraturan, reputasi, dan/           disasters and transition risks related to regulations,
   atau perubahan pasar akibat perubahan iklim, dengan                   reputation, and/or market shifts arising from climate
   mengintegrasikannya dalam strategi dan operasional                    change, through integration into the Company’s strategy
   Perusahaan.                                                           and operations.

Sasaran penggunaan Kebijakan & Pedoman Manajemen                      The objectives of applying the Risk Management Policy &
Risiko tersebut adalah sebagai berikut, namun tidak terbatas          Guidelines include, but are not limited to, the following:
pada:
1. Bagian dari pembuatan perencanaan RJPP, RKAP,                      1. Serving as an integral part of the development of the
    rencana proyek dan seluruh perencanaan yang bersifat                 Long-Term Corporate Plan (RJPP), the Annual Work
    strategis, serta perencanaan aktivitas atau program                  Plan and Budget (RKAP), project plans, and all strategic
    yang mempengaruhi sasaran strategis;                                 planning, as well as the planning of activities or programs
                                                                         that affect strategic objectives;
2. Dasar pengambilan keputusan strategis dan keputusan                2. Serving as a basis for strategic decision-making and
   yang mempengaruhi sasaran strategis;                                  decisions that affect strategic objectives;
3. Dasar dalam setiap kegiatan di Perusahaan (risk based              3. Serving as a basis for risk-based activities across all
   activity) pada seluruh level dan menjadi dasar seluruh                levels and as a foundation for all risk-based standards
   standar berbasis Risiko yang digunakan oleh Perusahaan                applied by the Company (integration);
   (integration);
4. Dasar hubungan sebab-akibat dalam proses bisnis                    4. Serving as a basis for establishing cause-and-effect
   Perusahaan di seluruh level proses bisnis (integrated);               linkages within the Company’s business processes
                                                                         across all levels (integrated);
5. Bagian atas semua laporan dari seluruh aktivitas                   5. Forming part of all reports on the Company’s activities
   Perusahaan yang memberikan informasi tentang                          that provide information on threats and opportunities
   ancaman dan peluang dari segala ketidakpastian dalam                  arising from uncertainties in operations;
   kegiatan;
6. Bagian dari proses pengawasan (audit surveillance)                 6. Forming part of the monitoring process (audit
   serta evaluasi dan peninjauan (evaluation dan review)                 surveillance), as well as the evaluation and review of all
   dari seluruh kegiatan Jasa Marga Group; dan                           activities within Jasa Marga Group; and
7. Bagian dari upaya peningkatan berkelanjutan (innovation)           7. Forming part of Jasa Marga Group’s continuous
   Jasa Marga Group.                                                     improvement efforts (innovation).



Sistem Manajemen Risiko                                               Risk Management System
Sistem manajemen risiko dilakukan dengan pendekatan                   The risk management system is implemented using
yang sistematis, terstruktur dan terintegrasi untuk                   a systematic, structured, and integrated approach to
mengantisipasi suatu ketidakpastian atau kerugian yang                anticipate uncertainties or losses that may occur in the
mungkin terjadi dalam pengelolaan bisnis Perseroan. Saat ini          management of the Company’s business. Currently,
Jasa Marga menerapkan Sistem Manajemen Risiko berbasis                Jasa Marga implements an ISO 31000:2018-based Risk



708                                                                         Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 709
06                                          07                                               08
Tata Kelola Perusahaan                      Tanggung Jawab Sosial Perusahaan                 Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance                   Corporate Social Responsibility                  Reference of POJK, SEOJK, and ARA Criteria




ISO 31000:2018 untuk membentuk karakteristik sistem                                            Management System to achieve more effective and efficient
manajemen risiko yang lebih efektif dan efisien. Sistem                                        risk management. The risk management system is always in
manajemen risiko senantiasa sejalan dengan Rencana Jangka                                      line with the Company’s Long-Term Plan (RJPP), Corporate
Panjang Perusahaan (RJPP), Key Performance Indicator (KPI)                                     Key Performance Indicators (KPIs), Key Risk Indicators
Korporat, Key Risk Indicator (KRI) serta arahan strategis dari                                 (KRIs), and strategic directives from shareholders. The
pemegang saham. Implementasi Sistem Manajemen Risiko                                           implementation of the Risk Management System includes
meliputi strategi, kebijakan dan tata kelola manajemen risiko                                  strategies, policies, and governance of risk management,
yang meliputi, perencanaan, penerapan, pemantauan dan                                          which encompass planning, implementation, monitoring, and
evaluasi manajemen risiko serta pelaporan manajemen risiko                                     evaluation of risk management, as well as risk management
sebagaimana yang tergambar dalam pilar berikut:                                                reporting, as illustrated in the following pillars:



                                                 Gambar Pilar Tata Kelola Manajemen Risiko Jasa Marga Grup
                                                     Jasa Marga Group Risk Management Governance Pillars


                                                                              Penerapan Manajemen Risiko
                                                                     Klasfikasi Risiko: Sistemik A dan Konglomerasi
                                                                       Tujuan: Melindungi dan Menciptakan Nilai
                                                                            Risk Management Implementation
                                                                   Risk Classification: Systemic A and Conglomeration
                                                                            Aim: Protecting and Creating Value



                                                    Perencanaan, Penerapan, Pemantauan, dan Evaluasi MR
         Kebijakan Manajemen Risiko                                                                                          Pelaporan Manajemen Risiko
                                                     Risk Management Planning, Implementation, Monitoring,
           Risk Management Policy                                      and Evaluation                                         Risk Management Reporting

     ISO 31000-2018 - Risk                                              Strategi Risiko                                  Laporan Penerapan Manajemen Risiko
     Management - Guidelines                                             Risk Strategy                                  Risk Management Implementation Report

                                                                         Profil Risiko                                          Kajian Risiko Khusus
     Peraturan Menteri BUMN Nomor:
                                                                         Risk Profile                                          Special Risk Assessment
     Regulation of the Minister of State-
     Owned Enterprises Number:
                                                                         Peta Risiko                                          Peringkat Komposit Risiko
     • PER-2/MBU/03/2023
                                                                          Risk Map                                              Composite Risk Rating
     • SK-3/DKU/.MBU/05/2023
     • SK-6/DKU.MBU/10/2023




                                                                                                                                                                Audit Eksternal | External Audit
     • SK-7/DKU.MBU/10/2023                          Target perhitungan risiko inheren dan risiko residual                       Loss Event Database
     • SK-8/DKU.MBU/12/2023                           yang disusun dalam format triwulan dan tahunan




                                                                                                                                                                                                   Regulator | Regulator
                                                       Targets for inherent and residual risk calculations
                                                           prepared on a quarterly and annual basis                                Contigency Plan
     Surat Edaran PT DAM Nomor:
     PT DAM Circular Letter No.:
     • SR.122/DI-DAM/DO/2025                                                                                                     Hasil Stress Testing
                                                          Rencana pelaksanaan perlakuan risiko dan
     • SR.014/DI-DAM/MDR/2025                                                                                                   Stress Testing Results
                                                                       anggaran biaya
     • SR.193/DI-DAM/DO/2025
                                                          Risk Treatment Action Plan and Cost Budget
                                                                                                                             Hasil Internal Control Testing
                                                                                                                            Internal Control Testing Results
    Kebijakan dan Pedoman Manajemen
                                                       Parameter Risiko dan Strategi Pengelolaan Risiko
    Risiko Terintegrasi di Lingkungan                                                                                   Sistem Manajemen Kelangsungan Usaha
                                                        Risk Parameters and Risk Management Strateg
    PT Jasa Marga (Persero) Tbk                                                                                         Business Continuity Management System
    Integrated Risk Management Policy
    and Guidelines within PT Jasa Marga                 Expected Loss, Unexpected Loss dan Tail Loss
                                                        Expected Loss, Unexpected Loss and Tail Loss                           Risk Maturity Index RMI
    (Persero) Tbk

                                                                                                                         Laporan Manajemen Risiko Insidental
                                                                                                                          Incidental Risk Management Report



                                                                  Penerapan Three Lines of Model
                                                               Implementation of the Three Lines Model




Peta Jalan Pengembangan Sistem                                                                 Jasa Marga Risk Management System
Manajemen Risiko Jasa Marga                                                                    Development Roadmap

Skema perjalanan Jasa Marga dalam menerapkan                                                   Jasa Marga’s journey in implementing risk management
manajemen risiko dapat dilihat pada Peta jalan                                                 is shown in the Risk Management System Development
Pengembangan Sistem Manajemen Risiko di bawah ini. Peta                                        Roadmap below. This roadmap is updated annually in line with
jalan ini diperbaharui setiap tahun mengikuti perkembangan                                     developments in the environment and the Company’s internal
lingkungan serta kebijakan internal dan eksternal Perseroan.                                   and external policies. The 2025-2029 Risk Management
Peta Jalan Pengembangan Sistem Manajemen Risiko 2025-                                          System Development Roadmap was prepared based on the
2029 disusun dengan mempertimbangkan hasil penilaian                                           results of the 2024 Risk Maturity Index (RMI) assessment,
Risk Maturity Indeks (RMI) tahun 2024 yang berdasarkan                                         as per the Deputy for Finance and Risk Management of the
Keputusan Deputi Bidang Keuangan dan Manajemen Risiko                                          Ministry of State-Owned Enterprises Decree No. SK-8/DKU.
Kementerian Badan Usaha Milik Negara Republik Indonesia                                        MBU/12/2023 on Technical Guidelines for Risk Maturity
No. SK-8/DKU. MBU/12/2023 tentang Petunjuk Teknis                                              Index Assessment in State-Owned Enterprises, as shown in
Penilaian Indeks Kematangan Risiko Risk Maturity Index)                                       the following image:
di Lingkungan Badan Usaha Milik Negara seperti dalam
gambar berikut:



PT Jasa Marga (Persero) Tbk             Laporan Tahunan 2025 Annual Report                                                                                                           709
Page 710
01                                  02                           03                         04                                              05
Ikhtisar Kinerja Utama              Laporan Manajemen            Profil Perusahaan           Analisa dan Pembahasan Manajemen                Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report            Company Profile             Management Discussion and Analysis              Business Support Functions




Kerangka Manajemen Risiko                                                           Risk Management Framework
Kerangka kerja manajemen risiko disusun untuk membantu                              The 2025-2029 Risk Management Framework was
Perseroan dalam mengintegrasikan manajemen risiko ke                                developed to assist the Company in integrating risk
sistem manajemen yang berlaku di lingkungan Perseroan                               management into its management systems, enabling its
sehingga penerapan manajemen risiko dapat berjalan                                  implementation to run effectively and efficiently and to align
secara efektif dan efisien dan selaras dengan seluruh                               with all of the Company’s strategies. The effectiveness of
strategi Perseroan. Efektivitas penerapan manajemen                                 risk management implementation depends on its integration
risiko bergantung pada integrasi manajemen risiko dengan                            with corporate governance, including in decision-making.
tata kelola Perusahaan termasuk pada saat pengambilan                               Through this framework, the Company must continuously
keputusan Perseroan. Melalui kerangka kerja ini, Perseroan                          evaluate the implementation and processes of risk
harus terus melakukan evaluasi penerapan dan proses                                 management and identify and address any deficiencies
manajemen risiko, mengidentifikasi serta menangani                                  therein. The following is a risk management framework
kekurangan yang terdapat di dalamnya. Berikut adalah                                developed with consideration of the principles of risk
kerangka kerja manajemen risiko yang disusun dengan                                 management and the Company’s characteristics.
mempertimbangkan prinsip-prinsip manajemen risiko dan
karakteristik Perseroan.

                         Bagan Skema Kerangka Kerja Manajemen Risiko Jasa Marga (Berdasarkan ISO 31000 2018)
                                   Jasa Marga Risk Management Framework Diagram (Based on ISO 31000 2018)




                                                                       e   nt             Inte
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                                                                                                       n




                                                                       Leadership
                                                                          and
                                                    Evalua




                                                                      Commitment
                                                                                                          sign
                                                                                                        De
                                                          tio
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                                                                    Imp           n
                                                                        lementatio




Tata Kelola Risiko Tiga Lini/Three Lines                                            Three Lines Model in the Risk
Model dalam Proses Pengelolaan Risiko                                               Management Process

                                                                                                      Dewan Komisaris
           Board of Directors
                                                                                                   Board of Commissioners


                                           Direktur
                                           Director
                                                                                                                                            External Audit




              Lini Pertama                                 Lini Kedua                                      Lini Ketiga
                                                                                                                                                              Regulator
                                                                                                                                              Eksternal




                 1st Line                                    2nd Line                                        3rd Line
                                                                                                                                                Audit




     (Unit pemilik risiko yang langsung      (Fungsi manajemen risiko dan kepatuhan           (Fungsi audit intern yang memastikan
      mengidentifikasi dan mengelola           independen yang bertugas mengukur,              tata kelola, pengendalian risiko, dan
         risiko dalam proses bisnis)              memantau, dan mengelola risiko             pengendalian internal diterapkan secara
        (Risk Owner Unit that directly        secara agregat, serta mengembangkan                     efektif oleh Perusahaan)
       identifies and manages risks in       metodologi, kebijakan, dan kerangka kerja          (Internal audit function that ensures
             business processes)             manajemen risiko Perusahaan, termasuk             governance and risk control is applied
                                                         aspek kepatuhan)                            effectively by the company)
                                                 (Risk Management and Independent
                                                 Compliance Functions that measure,
                                             monitor and treat aggregate risks, develop
                                             company risk management methodologies
                                                            and policies)




710                                                                                         Laporan Tahunan 2025 Annual Report          PT Jasa Marga (Persero) Tbk
Page 711
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Struktur Tata Kelola Manajemen Risiko Jasa Marga                      Jasa Marga’s Risk Management Governance Structure uses
menggunakan pendekatan Model Tiga Lini (Three Lines                   the Three Lines Model, with risk management processes
Model) dengan proses pengelolaan risiko dilakukan oleh                spanning all lines of the organization. Currently, the
semua lini organisasi. Adapun saat ini Komite Tata Kelola             Integrated Governance Committee has been established
Terintegrasi sudah terbentuk berdasarkan Keputusan Dewan              pursuant to the Board of Commissioners Decree No. KEP-
Komisaris No. KEP-039/III/2024 tanggal 22 Maret 2024                  039/III/2024, dated March 22, 2024, which is in line with the
yang selaras dengan Peraturan Menteri BUMN No. PER-2/                 Minister of State-Owned Enterprises Regulation No. PER-2/
MBU/03/2023 tentang Pedoman Tata Kelola dan Kegiatan                  MBU/03/2023 on Guidelines for Governance and Significant
Korporasi Signifikan Badan Usaha Milik Negara. Pada lini              Corporate Activities of State-Owned Enterprises. In the first
pertama (First Line Model), setiap unit kerja baik di kantor          line (First Line Model), each work unit, whether at the head
pusat, regional, representative office, anak perusahaan               office, regional office, representative office, subsidiary,
serta kantor proyek berperan sebagai risk owner yang                  or project office, acts as a risk owner whose function is
fungsinya mengidentifikasi dan mengelola risiko dalam                 to identify and manage risks in their respective business
proses bisnis masing-masing dan bertanggung jawab untuk               processes and is responsible for preparing risk management
menyusun rencana pengelolaan risiko serta melaporkan                  plans and reporting the realization of residual risk reduction
realisasi penurunan risiko residual pada setiap triwulan.             every quarter.

Pada lini kedua (Second Line Model), terdapat Risk &                  Pada lini kedua (Second Line Model), terdapat Risk &
Quality, Health, Safety, & Environment Group dan Legal &              Quality, Health, Safety, & Environment Group dan Legal &
Compliance Group yang melakukan fungsi manajemen                      Compliance Group yang melakukan fungsi manajemen
risiko dan kepatuhan independen yang mengukur,                        risiko dan kepatuhan independen yang mengukur,
memantau, dan memperlakukan risiko secara agregat dan                 memantau, dan memperlakukan risiko secara agregat dan
serta mengembangkan metodologi dan kebijakan terkait                  serta mengembangkan metodologi dan kebijakan terkait
manajemen risiko dan kepatuhan.                                       manajemen risiko dan kepatuhan

Pada lini ketiga (Third Line Model), Internal Audit Group             Pada lini ketiga (Third Line Model), Internal Audit Group
bertanggung jawab untuk melakukan audit berbasis risiko               bertanggung jawab untuk melakukan audit berbasis risiko
serta memastikan tata kelola dan sistem pengendalian telah            serta memastikan tata kelola dan sistem pengendalian telah
diterapkan secara efektif di Perusahaan.                              diterapkan secara efektif di Perusahaan.


Profil Pejabat Manajemen Risiko                                        Risk Management Officer Profile
Profil Risk & Quality, Health, Safety, & Environment Group            The profile of the Risk & Quality, Health, Safety, &
Head dapat dilihat pada bagian Profil Pejabat Eksekutif di            Environment Group Head is available in the Executive Officer
Bab Profil Perusahaan dalam Laporan Tahunan ini.                      Profile section at the Company Profile Chapter of this Annual
                                                                      Report.


Fungsi, Tugas, dan Tanggung Jawab                                     Functions, Duties, and Responsibilities
Risk & Quality, Health, Safety, & Environment (RQM) Group             The Risk & Quality, Health, Safety, & Environment (RQM)
merupakan unit kerja yang membawahi Risk Management                   Group is a work unit that oversees the Risk Management
Department, Quality, Health, Safety, & Environment                    Department, the Quality, Health, Safety, & Environment
Department, serta Internal Control Over Financial Reporting           Department, and the Internal Control Over Financial
(ICOFR) Department dalam mendukung penguatan tata                     Reporting (ICOFR) Department to support the strengthening
kelola dan pengendalian internal Perusahaan. Di bawah                 of the Company's governance and internal control. Under
RQM Group, Risk Management Department memiliki fungsi                 the RQM Group, the Risk Management Department has
mengendalikan pelaksanaan kegiatan Sistem Manajemen                   the function of controlling the implementation of the
Risiko dan Sistem Manajemen Kelangsungan Usaha,                       Risk Management System and the Business Continuity
termasuk di dalamnya penyusunan roadmap, program                      Management System. This includes the development of
kerja dan anggaran, pengembangan manual dan prosedur,                 roadmaps, work programs, and budgets; the development
pelaksanaan program kerja, evaluasi, monitoring dan                   of manuals and procedures; the implementation of work
penyusunan laporan untuk memastikan berjalannya setiap                programs; evaluation and monitoring activities; and the
aktivitas dan program di lingkungan Perusahaan.                       preparation of reports to ensure that all activities and
                                                                      programs within the Company are carried out effectively


Pihak yang Mengangkat dan                                             Parties Appointing and Dismissing the
Memberhentikan Pejabat Manajemen Risiko                               Risk Management officers

Pejabat Manajemen Risiko diangkat dan diberhentikan oleh              Risk Management Officers are appointed and dismissed by
Direksi, hal ini sebagaimana diatur pada Surat Keputusan              the Board of Directors, as stipulated in Board of Directors
Direksi No. 115/KPTS/2022 tanggal 15 September 2022.                  Decree No. 115/KPTS/2022 dated September 15, 2022.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                              711
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01                           02                     03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen      Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report      Company Profile          Management Discussion and Analysis       Business Support Functions




Pengembangan Kompetensi Personel                                       Competency Development for Risk
Manajemen Risiko                                                       Management Personnel

Pengembangan kompetensi anggota Risk & Quality, Health,                The competency development of members of the Risk &
Safety, & Environment Group dapat dilihat pada bagian                  Quality, Health, Safety, & Environment Group is available
Pengembangan Kompetensi di Bab Profil Perusahaan dalam                 in the Competency Development section of the Company
buku Laporan Tahunan ini.                                              Profile chapter in this Annual Report.


Penjelasan Mengenai Risiko-Risiko yang                                 Explanation of Company Risks
Dihadapi Perseroan

Direksi     Jasa       Marga        berkomitmen       untuk            The Board of Directors of Jasa Marga is committed to
mengimplementasikan manajemen risiko secara efektif                    implementing risk management effectively and efficiently.
dan efisien. Untuk itu, pada setiap jenjang organisasi                 To that end, at every level of the Company’s organization,
Perseroan, yaitu korporat dan unit bisnis, harus menerapkan            i.e., the corporate and business units, risk management must
manajemen risiko dengan memperhatikan prioritas dan                    be implemented by considering the priorities and benefits of
manfaat tiap program kerja/proyek bagi kelangsungan                    each work program/project for the Company’s sustainability.
Perseroan.

Terdapat 2 (dua) proses pengelolaan risiko di Jasa Marga,              There are two risk management processes at Jasa Marga,
yaitu pengelolaan risiko yang bersifat secara top-down dan             namely top-down risk management and bottom-up risk
monitoring risiko secara bottom-up. Pada pengelolaan risiko            monitoring. In top-down risk management, the risks used
secara top-down, risiko yang digunakan berasal dari Key                are derived from Corporate Key Performance Indicators
Performance Indicator (KPI) Korporat yang diturunkan kepada            (KPIs) that are passed down to the relevant Work Units.
Unit Kerja terkait. Sedangkan untuk monitoring risiko secara           Meanwhile, for bottom-up risk monitoring, risks originate
bottom-up, risiko yang digunakan berasal dari Unit Kerja,              from Work Units, Regions, and Subsidiaries through the Risk
Regional, dan Anak Perusahan melalui Rencana Pengelolaan               Management Plan (RPR) in the JM Sm@rt application. The
Risiko (RPR). Proses pengelolaan risiko atas aksi korporasi            risk management process for corporate actions to be carried
yang akan dilakukan Perseroan dilakukan melalui Rencana                out by the Company is carried out through a Special Risk
Pengelolaan Risiko Khusus (RPRK). Proses identifikasi risiko           Management Plan (RPRK). The risk identification process
dilakukan pada setiap aktivitas dan/atau transaksi usaha               is carried out in every activity and/or business transaction
dalam proses bisnis Perseroan. Identifikasi harus dilakukan            in the Company’s business processes. Identification must
secara teliti agar risiko yang teridentifikasi merupakan risiko        be carried out thoroughly so that the risks identified are
yang relevan dengan proses bisnis Perseroan, termasuk                  relevant to the Company’s business processes, including
risiko-risiko yang berada di luar kendali Perseroan. Analisis          those beyond the Company’s control. Risk analysis is then
risiko kemudian dilakukan untuk mengetahui besaran                     carried out to determine the likelihood of risks occurring and
kemungkinan terjadinya risiko serta dampak yang ditimbulkan,           their impact, both qualitatively and quantitatively. Next, risk
baik yang bersifat kualitatif dan/atau kuantitatif. Selanjutnya,       evaluation is conducted to determine the acceptability of
evaluasi risiko dilakukan untuk mengetahui keberterimaan               risks based on the results of the risk analysis. Risk evaluation
risiko dengan memperhatikan hasil analisis risiko yang                 is conducted to identify risks that require management,
telah dilakukan. Evaluasi risiko dilakukan untuk mengetahui            based on the set objectives. The following is a list of risk
risiko yang memerlukan penanganan risiko berdasarkan                   references, organized by risk category, for all risk managers,
sasaran yang telah ditetapkan. Berikut terdapat beberapa               including Work Units, Construction Subsidiaries, Operating
daftar acuan risiko berdasarkan kategori risiko yang akan              Subsidiaries, and Other Business Subsidiaries, to use in
digunakan oleh seluruh pengelola risiko baik oleh Unit Kerja,          preparing the Risk Management Plan (RPR).
Anak Perusahaan Konstruksi, Anak Perusahaan Operasi dan
Anak Perusahaan Usaha Lain dalam penyusunan Rencana
Pengelolaan Risiko (RPR).


Taksonomi Risiko BUMN                                                  SOE Risk Taxonomy
Untuk mendukung proses agregasi risiko BUMN di BP BUMN,                To support the risk aggregation process for SOEs at the
Perseroan telah menyusun taksonomi risiko sesuai dengan                Ministry of SOEs, the Company has developed a risk taxonomy
Peraturan Menteri Badan Usaha Milik Negara No. PER-2/                  per the Ministry of State-Owned Enterprises Regulation No.
MBU/03/2023, tanggal 24 Maret 2023, tentang Pedoman                    PER-2/MBU/03/2023, dated March 24, 2023, on Guidelines
Tata Kelola dan Kegiatan Korporasi Signifikan Badan Usaha              for Corporate Governance and Significant Corporate Activities
Milik Negara Pasal 66 yaitu BUMN wajib memiliki Taksonomi              of State-Owned Enterprises Article 66, namely that SOEs are
Risiko BUMN dan Anak Perusahaan BUMN yang terintegrasi                 required to have an integrated SOE and SOE Subsidiary Risk
sesuai dengan kebutuhan pengawalan target kinerja BUMN                 Taxonomy following the needs of monitoring the performance
dan Anak Perusahaan BUMN. Perseroan telah menyusun                     targets of SOEs and SOE Subsidiaries. The Company has
taksonomi risiko terdiri dari:                                         developed a risk taxonomy consisting of:




712                                                                         Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 713
06                                  07                                    08
Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




1.    Tema Risiko (T1) yang merupakan kumpulan Risiko                       1. Risk Theme (T1), which is a collection of risks based on
      berdasarkan perspektif penanggung jawab Risiko Utama                     the perspective of the primary risk owner and represents
      dan merupakan tingkat pengelompokkan tertinggi;                          the highest level of grouping;
2.    Kategori Risiko (T2) yang menjabarkan Risiko spesifik                 2. Risk Categories (T2), which elaborate on specific risks
      dari masing-masing tema Risiko;                                          from each risk theme;
3.    Kelompok Peristiwa Risiko Agregasi (T3) yang                          3. Aggregate Risk Event Groups (T3), which group risk
      mengelompokkan peristiwa-peristiwa Risiko dalam                          events into homogeneous risk categories;
      kategori Risiko yang homogen;
4.    Kelompok Peristiwa Risiko Agregasi (T4) yang                          4. Risk Event Sub-Groups (T4), which group Risk events in
      mengelompokkan peristiwa-peristiwa Risiko secara                         more detail; and
      lebih detail; dan
5.    Peristiwa Risiko (T5) yang dapat digunakan Jasa Marga                 5. Risk Events (T5) that Jasa Marga Group can use in
      Grup dalam mengidentifikasi Risiko yang mengacu                          identifying Risks that refer to the Joint Decree of
      pada Keputusan Bersama Dewan Komisaris dan Direksi                       the Board of Commissioners and Board of Directors
      No. KEP-183/XI/2024 dan No. 227/KPTS/2024 Tentang                        No. KEP-183/XI/2024 and No. 227/KPTS/2024 on the
      Kebijakan dan Pedoman Manajemen Risiko Terintegrasi                      Policy and Guidelines for Integrated Risk Management
      di Lingkungan PT Jasa Marga (Persero) Tbk tanggal                        within PT Jasa Marga (Persero) Tbk dated November 12,
      12 November 2024.                                                        2024.

Taksonomi Risiko Portofolio Perseroan
Company Risk Portfolio Taxonomy

            Tema Risiko                                 Kategori Risiko                                Kelompok Peristiwa Risiko
            Risk Theme                                  Risk Categories                                    Risk Event Groups
                (T1)                                          (T2)                                                (T3)
 1.   Risiko Portofolio Bisnis            1.1. Risiko Fiskal                             1.1.1. Risiko Dividen
      Business Portfolio Risk             1.1. Fiscal Risk                               1.1.1. Dividend Risk

                                                                                         1.1.3 Risiko Subsidi dan Kompensasi
                                                                                         Subsidy and Compensation Risk

                                          1.2 Risiko Kebijakan                           1.2.4 Risiko Kebijakan Sumber Daya Manusia
                                          1.2 Policy Risk                                1.2.4 Human Resource Policy Risk

                                                                                         1.2.5 Risiko Kebijakan Sektoral
                                                                                         1.2.5 Sectoral Policy Risk

                                          1.3 Risiko Komposisi                           1.3.6 Risiko Konsentrasi Portofolio
                                          1.3 Composition Risk                           1.3.6 Portfolio Concentration Risk

 2.   Risiko Struktur Korporasi dan       2.4 Risiko Struktur Korporasi                  2.4.7 Risiko Struktur Korporasi
      Organisasi                          2.4 Corporate Structure Risk                   2.4.7 Corporate Structure Risk
      Corporate Structure Risk and
                                          2.5 Risiko Restrukturisasi dan Reorganisasi    2.5.8 Risiko Penggabungan, Pengambilalihan,
      Organisasi
                                          2.5 Restructuring and Reorganization Risks     Peleburan, Pemisahan, Pembubaran, Likuidasi,
                                                                                         Kemitraan, dan Restrukturisasi
                                                                                         2.5.8 Mergers, Acquisitions, Consolidations, Spin-
                                                                                         offs, Dissolutions, Liquidations, Partnerships, and
                                                                                         Restructuring Risks

 3.   Risiko Bisnis BUMN                  3.6 Risiko Industri Umum                       3.6.9 Risiko Formulasi Strategis
      SOE Business Risks                  3.6 General Industry Risks                     3.6.9 Strategic Formulation Risks

                                                                                         3.6.10 Risiko Pasar dan Makro Ekonomi

                                                                                         3.6.11 Risiko Keuangan
                                                                                         3.6.11 Financial Risk

                                                                                         3.6.12 Risiko Hukum, Reputasi, dan Kepatuhan
                                                                                         3.6.12 Legal, Reputation, and Compliance Risks

                                                                                         3.6.13 Risiko Proyek
                                                                                         3.6.13 Project Risk

                                                                                         3.6.14 Risiko Teknologi Informasi dan Keamanan Siber
                                                                                         3.6.14 Information Technology and Cybersecurity Risks

                                                                                         3.6.15 Risiko Sosial dan Lingkungan
                                                                                         3.6.15 Social and Environmental Risks

                                                                                         3.6.16 Risiko Operasional
                                                                                         3.6.16 Operational Risks




PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                            713
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01                           02                     03                       04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen      Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report      Company Profile           Management Discussion and Analysis       Business Support Functions




Sejalan dengan arahan PT DAM berdasarkan surat dari                    Sejalan dengan arahan PT DAM berdasarkan surat dari
PT DAM No. SR.014/DI-DAM/MDR/2025, Perseroan                           PT DAM No. SR.014/DI-DAM/MDR/2025, Perseroan
melakukan penyesuaian taksonomi risiko menjadi 8                       melakukan penyesuaian taksonomi risiko menjadi 8
(delapan) kategori risiko, yaitu:                                      (delapan) kategori risiko, yaitu:
• Strategic Risk                                                       • Strategic Risk
• Market Risk                                                          • Market Risk
• Financial Risk                                                       • Financial Risk
• Credit/Counterparty Credit Risk                                      • Credit/Counterparty Credit Risk
• Operational Risk                                                     • Operational Risk
• Investment/Project Risk                                              • Investment/Project Risk
• Reputational Risk                                                    • Reputational Risk
• Regulatory, Legal & Compliance Risk                                  • Regulatory, Legal & Compliance Risk
sesuai dengan pedoman tersebut.                                        in accordance with the said guidelines.


Strategi Risiko                                                        Risk Strategy
Dalam rangka menciptakan dan melindungi nilai serta                    To create and protect value and support the Company’s
mendukung        pertumbuhan        bisnis  Perseroan       yang       sustainable business growth in accordance with the
berkelanjutan sesuai dengan implementasi Peta Jalan                    implementation of the Company’s Roadmap for 2025–2029,
Perseroan tahun 2025–2029, Perseroan memiliki strategi                 the Company has a risk strategy as outlined in the Risk
risiko yang dituangkan dalam asersi selera risiko atau Risk            Appetite Statement or RAS which considers the risk appetite
Appetite Statement/”RAS” yang telah memperhatikan selera               of the Ministry of SOE. The Company’s Risk Strategy
risiko dari BP BUMN. Adapun Strategi Risiko Perseroan                  is in accordance with the Deputy for Finance and Risk
menyesuaikan pada Keputusan yang ada sebelumnya yaitu                  Management of the Ministry of State-Owned Enterprises
Keputusan Deputi Bidang Keuangan dan Manajemen Risiko                  Decree No. SK-6/DKU.MBU/10/2023 on Technical Guidelines
Kementerian Badan Usaha Milik Negara Republik Indonesia                for Risk Management and Aggregation Processes in the
No. SK-6/DKU. MBU/10/2023 tentang Petunjuk Teknis                      Taxonomy of State-Owned Enterprise Portfolio Risk, which
Proses Manajemen Risiko dan Agregasi pada Taksonomi                    consists of:
Risiko Portofolio Badan Usaha Milik Negara yang terdiri dari:
1. Pernyataan selera risiko (risk appetite statement)                  1.   The Company’s risk appetite statement, in line with the
     Perseroan dengan memperhatikan selera risiko                           Ministry of SOE’s risk appetite.
     Kementerian BUMN (saat ini menjadi BP BUMN).
2. Nilai ambang risiko di level korporat yang memuat risk              2. Corporate-level risk thresholds that include risk capacity,
     capacity, risk appetite, risk tolerance, dan risk limit.             risk appetite, risk tolerance, and risk limits.
3. Metrik strategi risiko.                                             3. Risk strategy metrics.


Pernyataan Selera Risiko                                               Risk Appetite Statement
Perseroan telah menyusun pernyataan selera risiko (Risk                The Company has prepared a Risk Appetite Statement that
Appetite Statement) yang telah memperhatikan selera                    considers the Ministry of SOE’s risk appetite as stated in
risiko BP BUMN yang terdapat pada Surat Menteri BUMN                   the Minister of SOE Letter No. S-468/MBU/09/2024 dated
Nomor S-468/MBU/09/2024 tanggal 30 September 2024                      September 30, 2024, on Shareholder Aspirations for the
perihal Aspirasi Pemegang Saham untuk Penyusunan                       Preparation of the 2025 Work Plan and Company Budget,
Rencana Kerja dan Anggaran Perusahaan Tahun 2025, serta                and as part of the Company’s efforts to provide certainty
sebagai salah satu upaya Perseroan dalam memberikan                    to stakeholders that the Company fully understands the
kepastian kepada stakeholders bahwa Perseroan memahami                 risks within the Company and the risks under its control,
sepenuhnya risiko yang ada di dalam Perseroan dan risiko               the Company always develops and updates its risk appetite
yang berada di bawah kendali, Perseroan selalu melakukan               and risk tolerance, which will be taken into consideration
pengembangan dan pembaruan terhadap risk appetite dan                  in every strategic decision made by the Company. The
risk tolerance yang akan menjadi pertimbangan dalam setiap             following is the Risk Appetite Statement (RAS) of PT Jasa
pengambilan keputusan strategis Perseroan. Berikut adalah              Marga (Persero) Tbk for 2025.
Risk Appetite Statement (RAS) PT Jasa Marga (Persero) Tbk
Tahun 2025.




714                                                                          Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 715
06                                07                                       08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




Pernyataan Selera Risiko
Table of Risk Appetite Statement



           Kategori Risiko                                                                                                 Sikap terhadap
               BUMN                                                                                                            Risiko
  No.                                                                Risk Appetite Statement
          SOE Risk Category                                                                                                Stance toward
                                                                                                                                Risk
   1.    Risiko Dividen              Jasa Marga memiliki postur tidak toleran terhadap Risiko yang berkaitan dengan         Tidak Toleran
         Dividend Risk               pembayaran dividen kepada shareholder dan APBN. Perusahaan berkomitmen untuk             Intolerant
                                     memberikan pengembalian atas investasi dan membagi keuntungan perusahaan
                                     sesuai dengan kepemilikan saham.
                                     Jasa Marga has an intolerant stance towards risks related to dividend payments to
                                     shareholders and the state budget. The Company is committed to providing returns
                                     on investment and distributing company profits in accordance with share ownership.

   2.    Risiko Hukum, Reputasi,     Jasa Marga memiliki postur tidak toleran terhadap Risiko yang berkaitan dengan         Tidak Toleran
         dan Kepatuhan               pelanggaran hukum dan prinsip tata kelola yang baik sesuai dengan undang-undang          Intolerant
         Legal, Reputation, and      yang berlaku. Jasa Marga berkomitmen untuk mengutamakan core value AKHLAK
         Compliance Risk             dan menjaga citra perusahaan dari ancaman reputasi yang dapat mempengaruhi
                                     keberlangsungan bisnis.
                                     Jasa Marga has an intolerant stance toward risks related to legal violations and
                                     violations to good governance principles in accordance with applicable laws. Jasa
                                     Marga is committed to prioritizing its core values of AKHLAK and protecting the
                                     company's image from reputational threats that could affect business continuity.

   3.    Risiko Teknologi            Jasa Marga memiliki postur tidak toleran terhadap Risiko yang berkaitan dengan         Tidak Toleran
         Informasi & Keamanan        kelalaian terhadap keamanan siber dan pelindungan data pribadi.                          Intolerant
         Siber*                      Jasa Marga has an intolerant stance toward risks related to negligence in
         Information Technology      cybersecurity and personal data protection.
         & Cybersecurity Risks*

   4.    Risiko Subsidi dan         Jasa Marga memiliki postur konservatif terhadap Risiko yang berkaitan dengan             Konservatif
         Kompensasi                 pengajuan kompensasi. Perusahaan berkomitmen untuk memastikan pemenuhan                 Conservative
         Subsidy and                prasyarat secara tepat waktu untuk mendapatkan kompensasi.
         Compensation Risk          Jasa Marga has a conservative stance on risks related to compensation claims. The
                                    Company is committed to ensuring that prerequisites are met on time to receive
                                    compensation.

   5.    Risiko Struktur            Jasa Marga memiliki postur konservatif terhadap Risiko yang berkaitan dengan Anak        Konservatif
         Korporasi                  Perusahaan BUMN dan/atau Perusahaan Afiliasi BUMN. Perusahaan berkomitmen               Conservative
         Corporate Structure        untuk meningkatkan komunikasi dan koordinasi serta melakukan pemantauan
         Risk                       kinerja dan evaluasi rutin Anak Perusahaan dan/atau Perusahaan Afiliasi BUMN.
                                    Jasa Marga takes a conservative stance on risks associated with SOE Subsidiaries
                                    and/or Affiliates. The Company is committed to improving communication and
                                    coordination, as well as monitoring the performance and conducting regular
                                    evaluations of SOE Subsidiaries and/or Affiliates.

   6.    Risiko Keuangan            Jasa Marga memiliki postur konservatif terhadap Risiko keuangan yang berkaitan           Konservatif
         Financial Risk             dengan penguatan aspek fundamental keuangan perusahaan. Jasa Marga                      Conservative
                                    berkomitmen untuk mempertahankan struktur keuangan yang sehat dan menjaga
                                    keberlangsungan usaha secara berkesinambungan.
                                    Jasa Marga has a conservative stance on financial risks related to strengthening the
                                    company's financial fundamentals. Jasa Marga is committed to maintaining a sound
                                    financial structure and ensuring business continuity.

   7.    Risiko Operasional         Jasa Marga memiliki postur konservatif terhadap Risiko operasional yang berkaitan        Konservatif
         Operational Risk           dengan bisnis jalan tol dan usaha lainnya. Jasa Marga berkomitmen untuk                 Conservative
                                    menjalankan bisnis utama jalan tol dan usaha lainnya secara tepat sasaran dan
                                    dengan itikad baik yang berlandaskan prinsip kehati-hatian dalam mengambil Risiko
                                    serta memprioritaskan kestabilan dan keberlanjutan usaha.
                                    Jasa Marga has a conservative stance on operational risks across its toll roads and
                                    other businesses. Jasa Marga is committed to running its main toll road business
                                    and other businesses in a targeted, good-faith manner, based on the principle of
                                    prudence in risk-taking and prioritizing business stability and sustainability.

   8.    Risiko Kebijakan           Jasa Marga memiliki postur konservatif terhadap Risiko terkait kebijakan                 Konservatif
         Sumber Daya Manusia        SDM. Jasa Marga berkomitmen dalam melakukan pengembangan dan inovasi                    Conservative
         Human Resource Policy      dalam pengelolaan SDM mulai tahap rekrutmen sampai masa pensiun dengan
         Risk                       mempertimbangkan Risiko kebijakan SDM.
                                    Jasa Marga takes a conservative stance on risks associated with human resource
                                    policies. Jasa Marga is committed to developing and innovating in human resource
                                    management from recruitment through retirement, while accounting for human
                                    resource policy risks.




PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                                    715
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01                               02                        03                      04                                       05
Ikhtisar Kinerja Utama           Laporan Manajemen         Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report         Company Profile          Management Discussion and Analysis       Business Support Functions




Pernyataan Selera Risiko
Table of Risk Appetite Statement



             Kategori Risiko                                                                                                   Sikap terhadap
                 BUMN                                                                                                              Risiko
  No.                                                             Risk Appetite Statement
            SOE Risk Category                                                                                                  Stance toward
                                                                                                                                    Risk
   9.     Risiko Pasar dan Makro      Jasa Marga memiliki postur moderat terhadap Risiko pasar dan makro ekonomi                    Moderat
          Ekonomi                     yang berkaitan dengan variabel makro ekonomi global. Jasa Marga berkomitmen                   Moderate
          Market and                  untuk melakukan inovasi-inovasi keuangan serta penataan portofolio dengan
          Macroeconomic Risk          memperhatikan kondisi makro ekonomi global dan nasional serta menganalisis
                                      dampaknya terhadap bisnis Jasa Marga untuk penyiapan tindak lanjut yang
                                      dibutuhkan.
                                      Jasa Marga has a moderate stance on market and macroeconomic risks related
                                      to global macroeconomic variables. Jasa Marga is committed to implementing
                                      financial innovations and portfolio restructuring, considering global and national
                                      macroeconomic conditions and analyzing their impact on Jasa Marga's business to
                                      prepare for necessary follow-up actions.

   10.    Risiko Teknologi            Jasa Marga memiliki postur moderat terhadap Risiko terkait teknologi informasi yang           Moderat
          Informasi & Keamanan        berkaitan dengan kebutuhan bisnis Jasa Marga. Jasa Marga berkomitmen untuk                    Moderate
          Siber*                      memberikan keandalan infrastruktur teknologi informasi dengan mengembangkan
          Information Technology      roadmap teknologi terintegrasi, mempercepat adopsi teknologi pengoperasian
          & Cybersecurity Risk*       serta meningkatkan aspek strategi, infrastruktur, manajemen data dan aplikasi
                                      terkait teknologi informasi.
                                      Jasa Marga has a moderate stance on information technology risks relevant to its
                                      business needs. Jasa Marga is committed to providing reliable information technology
                                      infrastructure by developing an integrated technology roadmap, accelerating the
                                      adoption of operating technology, and improving strategy, infrastructure, data
                                      management, and information technology applications.

   11.    Risiko Kebijakan            Jasa Marga memiliki postur strategis dalam pemenuhan kebijakan sektoral dengan                Strategis
          Sektoral                    berpartisipasi aktif selama penyusunan kebijakan serta antisipatif terhadap                   Strategic
          Sectoral Policy Risk        perubahan kebijakan dengan mempertimbangkan Risiko yang berkaitan dengan
                                      pemenuhan kebijakan pemerintah terkait sektor jalan tol.
                                      Jasa Marga has a strategic stance in complying with sectoral policies by actively
                                      participating in policy formulation and anticipating policy changes, while accounting
                                      for risks associated with compliance with government policies in the toll road sector.

   12.    Risiko Proyek               Jasa Marga memiliki postur strategis terhadap hal yang berkaitan dengan lelang                Strategis
          Project Risk                proyek, analisis perencanaan yang kurang komprehensif, keterlambatan pemenuhan                Strategic
                                      AMDAL, delay dan cost overrun dalam pembebasan lahan, penolakan warga
                                      terhadap hasil appraisal lahan, cost overrun dalam konstruksi, keterlambatan
                                      penyelesaian proyek, perbedaan mutu hasil proyek, keterlambatan pengembalian
                                      Dana Talangan Tanah, dan pembangunan rest area/Tempat Istirahat dan Pelayanan
                                      (TIP) yang dipertimbangkan secara holistik untuk mengoptimalkan keberhasilan
                                      proyek.
                                      Jasa Marga has a strategic position in matters related to project tenders, incomplete
                                      planning analysis, delays in fulfilling environmental impact assessments (AMDAL),
                                      delays and cost overruns in land acquisition, community rejection of land appraisal
                                      results, cost overruns in construction, project completion delays, differences in
                                      project quality, delays in the return of Land Loan Funds, and the construction of rest
                                      areas/istration and Service Areas (TIP), which are considered holistically to optimize
                                      project success.

  13.     Risiko Konsentrasi          Jasa Marga memiliki postur strategis dalam mengevaluasi, mengoptimalkan,                      Strategis
          Portofolio                  dan mendiversifikasi portofolio asetnya dengan tetap mempertimbangkan Risiko                  Strategic
          Portfolio Concentration     yang berkaitan dengan konsentrasi portofolio aset pendapatan perusahaan dan
          Risk                        operasional.
                                      Jasa Marga has a strategic posture for evaluating, optimizing, and diversifying its
                                      asset portfolio, while considering the risks associated with the concentration of the
                                      company's income and operational assets.




716                                                                               Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 717
06                                  07                                         08
Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




Pernyataan Selera Risiko
Table of Risk Appetite Statement



              Kategori Risiko                                                                                                   Sikap terhadap
                  BUMN                                                                                                              Risiko
  No.                                                                  Risk Appetite Statement
             SOE Risk Category                                                                                                  Stance toward
                                                                                                                                     Risk
  14.     Risiko Penggabungan,         Jasa Marga memiliki postur strategis dalam membuat perencanaan aksi                           Strategis
          Pengambilalihan,             korporasi yang komprehensif serta melakukan evaluasi berkelanjutan dengan                     Strategic
          Peleburan, Pemisahan,        mempertimbangkan Risiko yang berkaitan dengan aksi korporasi dan kerja sama
          Pembubaran, Likuidasi,       strategis.
          Kemitraan, dan               Jasa Marga has a strategic position in making comprehensive corporate action plans
          Restrukturisasi              and conducting ongoing evaluations while considering the risks associated with
          Mergers, Acquisitions,       corporate actions and strategic partnerships.
          Divestitures,
          Dissolutions,
          Liquidations,
          Partnerships, and
          Restructuring Risks

  15.     Risiko Formulasi             Jasa Marga memiliki postur strategis dalam melakukan pengembangan kapasitas                   Strategis
          Strategis                    dengan melakukan peningkatan investasi dan menyesuaikan dengan kondisi industri               Strategic
          Strategic Formulation        dengan mempertimbangkan aspek Environmental, Social, dan Governance (ESG)
          Risk                         serta Risiko terkait formulasi strategis, sosial, dan lingkungan.
                                       Jasa Marga has a strategic position in capacity building by increasing investment and
  16.     Risiko Sosial dan
                                       adapting to industry conditions, considering Environmental, Social, and Governance
          Lingkungan
                                       (ESG) aspects as well as risks related to strategic, social, and environmental
          Social and
                                       formulation.
          Environmental Risks
*) Taksonomi Risiko Teknologi Informasi & Keamanan Siber memiliki dua sikap risiko.
*) The Information Technology Risk & Cybersecurity Risk Taxonomy has two risk stances.


Penjelasan Sikap dari Risk Appetite Statement
Explanation on Risk Appetite Statement Stance


     Postur                                                                       Penjelasan
     Posture                                                                      Explanation
 Tidak Toleran       •    Sangat berhati-hati dalam mengambil risiko dan lebih memilih menjaga stabilitas dan konsistensi dalam operasi bisnis.
 Intolerant          •    Keputusan bisnis didasarkan pada pemeliharaan modal.
                     •    Very cautious in taking risks and prefers to maintain stability and consistency in business operations.
                     •    Business decisions are based on capital preservation.

 Konservatif         •    Berhati-hati dalam mengambil risiko, dengan memilih beberapa risiko yang terkendali tetapi tetap memprioritaskan
 Conservative             kestabilan usaha.
                     •    Keputusan bisnis didasarkan pada upaya untuk melindungi nilai dari risiko besar yang tidak terduga termasuk
                          didalamnya menghindari paparan terhadap fluktuasi pasar yang signifikan serta dapat menanggung beban yang kecil.
                     •    Cautious in taking risks, choosing a few controlled risks but still prioritizing business stability.
                     •    Business decisions are based on efforts to protect value from unexpected major risks, including avoiding exposure to
                          significant market fluctuations and being able to bear small burdens.

 Moderat             •    Bersedia mengambil risiko dalam batas tertentu untuk mencapai pertumbuhan dan keuntungan, tetapi tetap
 Moderate                 memperhatikan perlindungan terhadap kerugian besar.
                     •    Keputusan bisnis mempertimbangkan peluang pertumbuhan dan dampak risiko secara bersamaan dan dapat
                          menanggung beban yang sedang.
                     •    Willing to take risks within certain limits to achieve growth and profit, but still paying attention to protection against
                          major losses.
                     •    Business decisions consider growth opportunities and risk impacts simultaneously and can bear moderate burdens.

 Strategis           •    Secara aktif menerapkan strategi yang melibatkan pengelolaan risiko sebagai bagian integral dari rencana bisnis,
 Strategic                mengambil risiko lebih tinggi dalam rangka mencapai pertumbuhan dan inovasi yang lebih besar.
                     •    Keputusan bisnis didasarkan pada analisis risiko dan potensi pengembalian investasi jangka panjang serta dapat
                          menanggung beban yang besar.
                     •    Actively implements strategies that involve risk management as an integral part of the business plan, taking higher
                          risks to achieve greater growth and innovation.
                     •    Business decisions are based on risk analysis and long-term potential returns on investment and can bear a large
                          burden.

 Strategis           Keputusan bisnis didasarkan pada analisis risiko dan potensi pengembalian investasi jangka panjang serta dapat
 Strategic           menanggung beban yang besar.
                     Business decisions are based on risk analysis and potential long-term investment returns and can bear a large burden.




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                            717
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01                                02                            03                         04                                           05
Ikhtisar Kinerja Utama            Laporan Manajemen             Profil Perusahaan           Analisa dan Pembahasan Manajemen             Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report             Company Profile             Management Discussion and Analysis           Business Support Functions




Perlakuan Risiko                                                                   Risk Treatment
Berdasarkan Keputusan Bersama Dewan Komisaris dan                                  Based on the Joint Decree of the Board of Commissioners
Direksi No. KEP-183/XI/2024 dan Nomor: 227/KPTS/2024                               and Board of Directors No. KEP-183/XI/2024 and No. 227/
Tentang Kebijakan dan Pedoman Manajemen Risiko                                     KPTS/2024 on Integrated Risk Management Policies and
Terintegrasi di Lingkungan PT Jasa Marga (Persero) Tbk                             Guidelines at PT Jasa Marga (Persero) Tbk dated November
tanggal 12 November 2024 strategi tindak lindung risiko                            12, 2024, the Company’s risk hedging strategy can be seen
Perseroan dapat dilihat pada tabel berikut ini:                                    in the following table:

Perlakuan Risiko
Risk Treatment


             Level                                                           Pilihan Opsi Perlakuan Risiko
                                                                            Risk Treatment Option Selection

             Low                  Accept/Monitor

                                  Reduce/Mitigate atau Accept/Monitor
      Low to Moderate
                                  Reduce/Mitigate or Accept/Monitor

          Moderate                Reduce/Mitigate

                                  Reduce/Mitigate atau Transfer/Sharing
     Moderate to High
                                  Reduce/Mitigate or Transfer/Sharing

                                  Reduce/Mitigate atau Hindari/Avoid
             High
                                  Reduce/Mitigate or Hindari/Avoid

 Keterangan (Definisi):                                                            Description (Definition):
 • Diterima: Risiko yang berada di level sangat rendah                             • Accept: The risk is at a very low level
 • Ditolak: Risiko yang berada di level rendah/moderat/tinggi/ekstrem              • Reject: Risks that are at low/moderate/high/extreme levels
 • Menghindari: Tidak melakukan hal-hal yang dapat menyebabkan timbulnya risiko    • Avoid: Not doing things that could cause risks
 • Memindahkan: Memindahkan risiko kepada pihak ketiga                             • Transfer: Transferring the risk to a third party
 • Mitigasi: Mengurangi terjadinya penyebab dan dampak                             • Mitigate: Reducing the causes and impacts
 • Eskalasi: Penanganan risiko oleh pihak dengan level lebih tinggi                • Escalate: Risk handling by parties at a higher level




Profil Risiko Korporat                                                              Profil Risiko Korporat
Untuk mencapai sasaran dan strategi usaha, Perseroan                               To achieve its business objectives and strategies,
berkomitmen mengimplementasikan manajemen risiko                                   the Company is committed to implementing effective
secara efektif dan efisien. Pada setiap jenjang organisasi,                        and efficient risk management. At every level of the
baik tingkat korporat maupun unit bisnis, penerapan                                organization, both at the corporate and business unit levels,
manajemen risiko dilakukan dengan memperhatikan                                    risk management is implemented by taking into account the
sasaran, prioritas, serta kebermanfaatan setiap program                            objectives, priorities, and benefits of each work program to
kerja guna mendukung keberlangsungan usaha Perseroan.                              support the Company's business continuity.

Dalam penyusunannya, profil risiko korporat disajikan                              In its preparation, the corporate risk profile is presented in
dalam dua pendekatan, yaitu profil risiko yang mengacu                             two approaches: the risk profile based on the provisions
pada ketentuan Peraturan Menteri BUMN Nomor PER-02/                                of the Minister of State-Owned Enterprises Regulation No.
MBU/03/2023, dan profil risiko berdasarkan arahan PT DAM                           PER-02/MBU/03/2023, and the risk profile based on the
sebagaimana tertuang dalam surat PT DAM No. SR.014/DI-                             direction of PT DAM as stated in the PT DAM letter No.
DAM/MDR/2025 mengenai Permintaan Data Profil Q3-2025.                              SR.014/DI-DAM/MDR/2025 regarding the Q3-2025 Profile
                                                                                   Data Request.

Mengacu      pada       PER-02/MBU/03/2023,          Perseroan                     Referring to PER-02/MBU/03/2023, the Company has
mengidentifikasi profil risiko korporat yang disajikan sebagai                     identified the following corporate risk profile:
berikut:




718                                                                                       Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
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06                                      07                                          08
Tata Kelola Perusahaan                  Tanggung Jawab Sosial Perusahaan            Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance               Corporate Social Responsibility             Reference of POJK, SEOJK, and ARA Criteria




Tabel Profil Risiko Korporat
Table of Corporate Risk Profile

                   Risiko                          Penyebab Risiko                        Dampak Risiko                              Mitigasi
 No.                Risk                             Risk Cause                            Risk Impact                               Mitigation
  1.    Potensi ketidaktercapaian        1. Perbaikan jalan                         Tidak tercapai nya             1. Contraflow
        Lalu Lintas Harian Rata-Rata     2. Perubahan moda transportasi             pendapatan tol akibat          2. Melakukan analisis dampak moda
        (LHR)                               pengguna jalan seperti adanya moda      rendahnya Lalu Lintas             transportasi lain
        Potential failure to achieve        transportasi masal baru                 Harian Rata-Rata (LHR)         3. Evaluasi lalu lintas dan pendapatan tol
        Average Daily Traffic (ADT)      3. Bencana alam                            Failure to achieve toll road   4. Dibuat SOP pengendalian bencana longsor
                                         4. Perlambatan perekonomian                revenue targets due to low     5. Dibentuk Tim satgas beserta susun jadwal
                                         5. Kondisi jalan tol kurang baik           Average Daily Traffic (ADT)       tugas inspeksi
                                         1. Road improvements                                                      6. Segera dilakukan tindakan jika ditemukan
                                         2. Changes in road users' modes                                              kejadian-kejadian di lapangan
                                            of transportation, such as the                                         7. Memaksimalkan pemanfaatan media sosial
                                            introduction of new modes of mass                                         untuk mensosialisasikan tempat wisata
                                            transportation                                                            dan kuliner sekitar jalan tol serta benefit
                                         3. Natural disasters                                                         menggunakan jalan tol
                                         4. Economic slowdown                                                      8. Pemeliharaan dan Perbaikan jalan tol
                                         5. Poor condition of toll roads                                           1. Contraflow
                                                                                                                   2. Analyze the impact of other modes of
                                                                                                                      transportation
                                                                                                                   3. Evaluate traffic and toll revenue
                                                                                                                   4. SOP for landslide disaster control established
                                                                                                                   5. A task force team has been formed, and an
                                                                                                                      inspection schedule has been drawn up
                                                                                                                   6. Immediate action taken if incidents are found
                                                                                                                      in the field
                                                                                                                   7. Maximize social media use to promote tourist
                                                                                                                      attractions and culinary spots along the toll
                                                                                                                      road, as well as the toll road's benefits
                                                                                                                   8. Maintenance and repair of the toll road

  2.    Potensi Mitra Usaha              Keterbatasan kemampuan keuangan            Defisiensi kas yang            Berkoordinasi dengan Para Pemegang Saham
        tidak bersedia membayar          mitra usaha                                menghambat kegiatan            baik secara administratif persuratan dan rapat
        setoran modal kepada Anak        Limited financial capacity of business     operasional Perusahaan         untuk menindaklanjuti strategi kebutuhan
        Perusahaan Konstruksi            partners                                   Cash deficits hinder the       pendanaan
        Potential Business Partners                                                 Company's operational          Coordinate with Shareholders both
        are unwilling to pay                                                        activities                     administratively through correspondence and
        capital deposits to the                                                                                    meetings to follow up on funding strategy needs
        Construction Subsidiary

  3.    Potensi meningkatnya suku        1. Perjanjian kredit investasi dengan      Naiknya bunga pinjaman         Refinancing Kredit Investasi
        bunga pinjaman                      skema semi-floating rate ATD+4          korporasi berpotensi           Refinancing of Investment Loans
        Potential increase in loan       2. Fluktuasi BI Rate                       menambah beban bunga
        interest rates                   1. Investment credit agreement with a      dan kebutuhan pendanaan
                                            semi-floating rate scheme of ATD+4      Rising corporate loan
                                         2. BI Rate fluctuations                    interest rates have the
                                                                                    potential to increase
                                                                                    interest expenses and
                                                                                    funding requirements

  4.    Potensi kenaikan biaya           1. Kenaikan tarif pajak sesuai kebijakan   Peningkatan beban              1. Bekerja sama atau berdiskusi dengan
        pembayaran PBB akibat               pemerintah pusat atau daerah            biaya bagi perusahaan,            pemerintah daerah untuk mendapatkan
        penetapan/perubahan tarif        2. Kenaikan NJOP                           menurunnya EBITDA margin          keringanan atau insentif pajak jika kenaikan
        pajak berdasarkan kebijakan      1. Increase in tax rates in accordance     Increased costs for               tarif PBB terlalu membebani
        masing-masing daerah tiap           with central or local government        companies, decreased           2. Koordinasi secara berkala terkait rencana
        tahunnya                            policies                                EBITDA margin                     penerbitan SPPT PBB
        Potential increase in            2. Increase in NJOP                                                       1. Collaborate or discuss with local
        property tax payments due                                                                                     governments to obtain tax relief or
        to the determination/change                                                                                   incentives if the increase in PBB rates is too
        of tax rates based on the                                                                                     burdensome
        policies of each region every                                                                              2. Regular coordination regarding plans to issue
        year                                                                                                          PBB SPPT

  5.    Potensi anak perusahaan          1. Mundurnya jadwal proyek pekerjaan       Tidak tercapainya KPI          1. Memastikan RKAP APUL (JMTO dan JMTM)
        usaha lain belum mampu           2. Kapabilitas kompetitor lebih baik       Direktorat dan KPI Unit           tercapai
        memberikan profit yang           1. Project schedule delays                 Failure to achieve             2. Melakukan rapat teknis dan strategis melalui
        diharapkan                       2. Competitors' capabilities are better    Directorate KPIs and Unit         rapat kinerja setiap bulan
        The potential of other                                                      KPIs                           3. Melakukan kajian model bisnis
        business subsidiaries has                                                                                  1. Ensuring that the APUL (JMTO and JMTM)
        not been able to generate                                                                                     RKAP is achieved
        the expected profits                                                                                       2. Conducting technical and strategic meetings
                                                                                                                      through monthly performance meetings
                                                                                                                   3. Conducting a business model review

  6.    Potensi pengajuan                1. Kategori kejadian merupakan risiko      1. Tidak tercapainya IRR       1. Pengajuan kompensasi berdasarkan biaya
        kompensasi penyesuaian              bisnis menurut PPJT                        jika kompensasi tidak          SPM rest area
        tarif ditolak sebagian/          2. Adanya perubahan nilai persyaratan         didapatkan                  2. Penambahan lingkup investasi pada ruas ABC
        seluruhnya                          kompensasi kenaikan tarif tol yang      2. Kehilangan pendapatan          Semarang
        Potential for tariff                diajukan ke BPJT                           tol                         1. Submission of compensation based on SPM
        adjustment compensation          3. Ketidaksesuian perhitungan usulan       3. Terganggunya keuangan          rest area costs
        claims to be partially/fully        kompensasi                                 Perusahaan                  2. Expansion of investment scope on the ABC
        rejected                         1. The incident category is a business     1. Failure to achieve the         Semarang section
                                            risk according to PPJT                     IRR if compensation is
                                         2. Changes in the value of                    not obtained
                                            compensation requirements for toll      2. Loss of toll revenue
                                            rate increases submitted to BPJT        3. Disruption of the
                                         3. Inconsistency in the calculation of        Company's finances
                                            the proposed compensation




PT Jasa Marga (Persero) Tbk        Laporan Tahunan 2025 Annual Report                                                                                        719
Page 720
01                                     02                           03                          04                                           05
Ikhtisar Kinerja Utama                 Laporan Manajemen            Profil Perusahaan            Analisa dan Pembahasan Manajemen             Fungsi Penunjang Bisnis
Main Performace Highlights             Management Report            Company Profile              Management Discussion and Analysis           Business Support Functions




Tabel Profil Risiko Korporat
Table of Corporate Risk Profile

                   Risiko                           Penyebab Risiko                         Dampak Risiko                               Mitigasi
 No.                Risk                              Risk Cause                             Risk Impact                                Mitigation
   7.    Potensi adanya                   1. Perubahan kebijakan                       Kehilangan pendapatan          1. Koordinasi dengan regulator terkait
         keterlambatan penyesuaian        2. Pengajuan penyesuaian tarif ke BPJT       tol atas keterlambatan         2. Membuat persiapan dari persuratan
         tarif tol                           terlambat                                 penyesuaian tarif                 pemenuhan SPM 6 bulan sebelum jadwal
         Potential for delays in toll     3. Waktu transaksi melebihi standar          Loss of toll revenue due to       penyesuaian tarif
         rate adjustments                 4. Keterlambatan penyampaian data            delays in tariff adjustments   3. Peningkatan koordinasi dengan pihak terkait
                                             dari permohonan/unit kerja terkait                                       4. Monitoring & inspeksi perkerasan jalan
                                          5. SFO Scrapping, Filling, Overlay)                                        1. Coordination with relevant regulators
                                          1. Policy changes                                                           2. Preparation of SPM compliance
                                          2. Late submission of toll rate                                                documentation six months prior to the tariff
                                             adjustment proposals to BPJT                                                adjustment schedule
                                          3. Transaction time exceeds standard                                        3. Enhanced coordination with relevant parties
                                          4. Delays in the submission of data from                                    4. Monitoring & inspection of road pavement
                                             related applications/work units
                                          5. SFO (Scrapping, Filling, Overlay)

  8.     Potensi kalah dalam lelang       1. Kelengkapan administrasi kurang dari      1. Terganggunya bisnis         1. Melakukan penyusunan paket layanan
         untuk proyek baru Anak              yang dipersyaratkan                          Perusahaan dalam            2. Berkoordinasi dengan Pembina di Perusahaan
         Perusahaan Usaha Lain            2. Tidak dapat memenuhi regulasi yang           jangka panjang                 Induk
         Potential to lose in tender         berlaku                                   2. Perusahaan tidak            3. Update mengenai regulasi yang baru
         for new projects of other        3. Kurangnya rekanan supplier                   mendapatkan hak             4. Rapat berkala terkait regulasi baru
         subsidiaries                        bahan, upah dan alat yang dapat              pengusahaan jalan tol       5. Melakukan survey serta analisa harga
                                             memberikan harga yang bersaing               baru                           berdasarkan pendekatan-pendekatan
                                          1. Administrative requirements are not       1. Disruption of the              teknis untuk penyusunan standarisasi harga
                                             fully met                                    Company's business in          penawaran
                                          2. Unable to comply with applicable             the long term               6. Membuat database rekanan suplier bahan,
                                             regulations                               2. The Company does               upah, dan alat
                                          3. Lack of suppliers of materials,              not obtain the right to     1. Develop service packages
                                             labor, and equipment that can offer          operate a new toll road     2. Coordinate with supervisors at the parent
                                             competitive prices                                                          company
                                                                                                                      3. Provide updates on new regulations
                                                                                                                      4. Hold regular meetings regarding new
                                                                                                                         regulations
                                                                                                                      5. Conduct surveys and price analyses
                                                                                                                         based on technical approaches to develop
                                                                                                                         standardized bid prices
                                                                                                                      6. Create a database of suppliers of materials,
                                                                                                                         labor, and tools

  9.     Potensi adanya cost              1. Tidak optimalnya metode kerja           1. Realisasi capex jalan tol     1. Koordinasi lebih intens antara Tim Proyek dan
         overrun dalam proses                kontraktor                                 di atas RKAP                     Tim Teknik
         konstruksi                       2. Adanya kondisi lapangan yang tidak      2. Keterlambatan                 2. Koordinasi lebih intens antara Tim Proyek dan
         Potential for cost overruns         terdeteksi pada saat penyusunan DED        penyelesaian konstruksi          Tim Lahan
         in the construction process      3. Kondisi ketersediaan lahan tidak sesuai 3. Tidak tercapainya             3. Koordinasi dengan Kontraktor dan Konsultan
                                             dengan rencana kerja kontraktor            tingkat pengembalian             Perencana
                                          4. Klaim penyesuaian harga dari               investasi (IRR) proyek        4. Melakukan value engineering terhadap
                                             kontraktor                                 jalan tol                        kondisi lapangan
                                          5. Terdapat perubahan desain dan           1. Realization of toll road      1. More intensive coordination between the
                                             lingkup proyek                             capex above the RKAP             Project Team and the Engineering Team
                                          6. Ketidaksesuaian kondisi lapangan dan 2. Delays in construction           2. More intensive coordination between the
                                             desain                                     completion                       Project Team and the Land Team
                                          1. Suboptimal contractor work methods      3. Failure to achieve the toll   3. Coordination with Contractors and Planning
                                          2. Conditions on site that were not           road project's internal          Consultants
                                             detected during the preparation of the     rate of return (IRR)          4. Performing value engineering on field
                                             detailed engineering design                                                 conditions
                                          3. Land availability conditions are not
                                             in accordance with the contractor's
                                             work plan
                                          4. Price adjustment claims from the
                                             contractor
                                          5. Changes in design and project scope
                                          6. Mismatch between field conditions
                                             and design

  10.    Potensi terlambatnya             Kelengkapan administrasi kurang dari         Adanya selisih cost of fund    1. Berkoordinasi dengan Para Pihak, di antaranya
         pengembalian Dana                yang dipersyaratkan                          yang ditanggung oleh APJT         Kontraktor dan Konsultan terkait, termasuk
         Talangan Tanah dari              Administrative requirements not fully        Cost of fund differences          Konsultan Hukum untuk mengantisipasi tidak
         Pemerintah                       met                                          borne by APJT                     terpenuhinya compliance atas administrasi/
         Potential delay in the return                                                                                   dokumentasi pelaksanaan proses konstruksi
         of Land Loan Funds from                                                                                      2. Verifikasi dengan PPK lahan dan BPN
         the Government                                                                                               3. Berkoordinasi dengan BPJT dan Bina Marga
                                                                                                                         PUPR
                                                                                                                      1. Coordinate with relevant parties, including
                                                                                                                         contractors and consultants, including legal
                                                                                                                         consultants, to anticipate non-compliance with
                                                                                                                         the administration of the Construction Process
                                                                                                                         Implementation Documentation
                                                                                                                      2. Verify with PPK and BPN
                                                                                                                      3. Coordinate with the BPJT and Bina Marga PUPR




720                                                                                            Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 721
06                                       07                                            08
Tata Kelola Perusahaan                   Tanggung Jawab Sosial Perusahaan              Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance                Corporate Social Responsibility               Reference of POJK, SEOJK, and ARA Criteria




Tabel Profil Risiko Korporat
Table of Corporate Risk Profile

                   Risiko                            Penyebab Risiko                         Dampak Risiko                               Mitigasi
 No.                Risk                               Risk Cause                             Risk Impact                                Mitigation
  11.   Potensi kenaikan                  1. Kenaikan Inflasi                          Tidak tercapainya target       1. Bermitra dengan Service Provider pelayanan
        biaya operasional dan             2. Kecelakaan/kelalaian pengguna jalan       EBITDA, EBITDA Margin, &          operasional dan pemeliharaan jalan tol
        pemeliharaan jalan tol               tol                                       EBITDA Growth                  2. Penyusunan laporan, monitoring penyampaian
        Potential increase                3. Kesalahan perencanaan anggaran            Failure to achieve EBITDA,        laporan dan koordinasi dengan service provider
        in operational and                4. Perubahan kebijakan                       EBITDA Margin, & EBITDA           terkait kerusakan/hambatan tersebut
        maintenance costs for toll        5. Kendaraan Over Dimension Over Load        Growth targets                 3. Kerjasama dengan service provider pelayanan
        roads                             1. Inflation increase                                                          operasi dan pemeliharaan untuk perbaikan
                                          2. Accidents/negligence of toll road                                           kerusakan/hambatan tersebut
                                             users                                                                    4. Koordinasi dengan Unit Kerja
                                          3. Budget planning errors                                                   5. Meningkatkan kordinasi dengan BPJT/JBH
                                          4. Policy changes                                                           6. Operasi ODOL
                                          5. Over-dimensioned and overloaded                                          7. Melakukan proses efisiensi penggunaan
                                             vehicles                                                                    anggaran
                                                                                                                      8. Melakukan rapat teknis dan strategis melalui
                                                                                                                         rapat kinerja secara berkala
                                                                                                                      1. Partnering with service providers for toll road
                                                                                                                         operation and maintenance services
                                                                                                                      2. Preparing reports, monitoring report delivery,
                                                                                                                         and coordinating with service providers
                                                                                                                         regarding damage/obstacles
                                                                                                                      3. Collaborating with service providers for
                                                                                                                         operation and maintenance services to repair
                                                                                                                         damage/obstacles
                                                                                                                      4. Coordinating with work units
                                                                                                                      5. Improving coordination with BPJT/JBH
                                                                                                                      6. ODOL operations
                                                                                                                      7. Implementing budget efficiency processes
                                                                                                                      8. Conducting technical and strategic meetings
                                                                                                                         through regular performance reviews
  12.   Potensi terdapat kerusakan        1. Perkerasan jalan sudah mendekati umur 1. Tidak terpenuhinya SPM          1. Melaksanakan program pemeliharaan
        pada jalan tol, jembatan tol         desain                                       Perseroan                       perkerasan jalan tol
        dan prasarananya                  2. Jembatan sudah mendekati umur desain 2. Biaya operasional dan            2. Melaksanakan program pemeliharaan
        Potential damage to toll          3. Kapasitas penampang saluran tidak            pemeliharaan lebih tinggi       jembatan jalan tol
        roads, toll bridges, and their       sebanding dengan debit air yang harus        dari anggaran Perseroan     3. Melaksanakan program pemeliharaan saluran
        infrastructure                       ditampung dikarenakan kondisi endapan 1. Failure to meet the                 jalan tol
                                          4. Kondisi tanah timbunan lereng yang           Company's SPM               4. Melaksanakan program pemeliharaan lereng
                                             jenuh air dan kemiringan lereng yang      2. Operational and                 jalan tol
                                             curam                                        maintenance costs           5. Koordinasi dengan service provider untuk
                                          5. Adanya penambahan biaya                      are higher than the             membuat rambu tambahan
                                             pemeliharaan yang tidak ditanggung           Company's budget            6. Melakukan monitoring lapangan
                                             service provider                                                         7. Melakukan Pemeliharaan Rutin untuk menjaga
                                          6. Karakteristik tanah                                                          kualitas infrastruktur Jalan Tol
                                          7. Umur aset                                                                8. Melaksanakan pengadaan asuransi CECR
                                          8. Terdapat aktivitas konstruksi yang                                           (Civil Engineering Completed Risk)
                                             bersinggungan dengan aset eksisting                                      9. Melakukan inspeksi secara berkelanjutan
                                          9. Nilai kerusakan sarana pelengkap yang                                    10. Segera melakukan tindakan jika ditemukan
                                             terjadi melebihi loss limit yang di cover                                    kejadian-kejadian di lapangan
                                             oleh pihak Asuransi                                                      11. Dibuat jadwal tugas inspeksi
                                          1. Road pavement is approaching its                                         1. Implementing toll road pavement maintenance
                                             design life                                                                  programs
                                          2. The bridge is approaching its design life                                2. Implementing the toll road bridge maintenance
                                          3. The cross-sectional capacity of                                              program
                                             the channel is not proportional to                                       3. Implementing the toll road drainage
                                             the water discharge that must be                                             maintenance program
                                             accommodated due to sediment                                             4. Implementing the toll road slope maintenance
                                             conditions                                                                   program
                                          4. The saturated soil conditions of the                                     5. Coordinating with service providers to install
                                             embankment slopes and the steep slope                                        additional signs
                                             gradients                                                                6. Conducting field monitoring
                                          5. Additional maintenance costs not                                         7. Performing routine maintenance to maintain
                                             covered by the service provider                                              the quality of toll road infrastructure
                                          6. Soil characteristics                                                     8. Implementing CECR (Civil Engineering
                                          7. Asset age                                                                    Completed Risk) insurance procurement
                                          8. There are construction activities that                                   9. Conducting continuous inspections
                                             interfere with existing assets                                           10. Take immediate action if incidents are found
                                          9. The value of damage to ancillary                                             in the field
                                             facilities exceeds the loss limit covered                                11. Creating an inspection task schedule
                                             by the insurance company

  13.   Potensi adanya Force              1. Kawasan rawan gempa bumi                  1. Potensi kerusakan           Menyediakan Asuransi Civil Engineering
        Majeure                           2. Letak Jalan Tol Bali Mandara                 aset akibat kerusakan       Completed Risk (CECR) yang mencakup
        Potential for force majeure          termasuk dalam daftar wilayah yang           infrastruktur oleh          kerusakan akibat gempa bumi akan mengurangi
                                             berpotensi tinggi gempa. Secara              gempa bumi mencakup         beban finansial perusahaan dalam perbaikan dan
                                             tektonik, Bali sendiri merupakan             gangguan operasional        pemulihan, memastikan stabilitas operasional
                                             wilayah yang diapit dua sumber               dan pemulihan               dan finansial pasca kejadian
                                             gempa potensial                           2. Potensi kehilangan          Providing Civil Engineering Completed Risk
                                          1. Earthquake-prone area                        pendapatan tol              (CECR) insurance that covers earthquake
                                          2. The Bali Mandara Toll Road is             1. Potential damage            damage will reduce the company's financial
                                             included in the list of areas with high      to assets due to            burden in repairs and recovery, ensuring
                                             earthquake potential. Tectonically,          infrastructure damage       operational and financial stability after the event
                                             Bali itself is an area flanked by two        caused by earthquakes
                                             potential earthquake sources                 includes operational
                                                                                          disruption and recovery
                                                                                       2. Potential loss of toll
                                                                                          revenue




PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                                             721
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01                                    02                          03                         04                                           05
Ikhtisar Kinerja Utama                Laporan Manajemen           Profil Perusahaan           Analisa dan Pembahasan Manajemen             Fungsi Penunjang Bisnis
Main Performace Highlights            Management Report           Company Profile             Management Discussion and Analysis           Business Support Functions




Tabel Profil Risiko Korporat
Table of Corporate Risk Profile

                   Risiko                          Penyebab Risiko                        Dampak Risiko                              Mitigasi
 No.                Risk                             Risk Cause                            Risk Impact                               Mitigation
  14.    Potensi keterlambatan           1. Terdapat perubahan desain dan            1. Mundurnya rencana          1. Melakukan pemantauan dan evaluasi rutin
         penyelesaian proyek jalan          lingkup proyek                              operasional Jalan Tol         aspek biaya dan pelaksanaan konstruksi
         tol                             2. Minimnya sumber (quarry) material        2. Berpotensi                 2. Mengevaluasi secara berkala sisa kebutuhan
         Potential delays in the         3. Peralatan yang dibutuhkan untuk             bertambahnya biaya            material timbunan dan sisa deposit material
         completion of toll road            menunjang penyelesaian pekerjaan            konstruksi                    pada Quarry yang tersedia, serta mencari opsi
         projects                           struktur tidak sesuai dengan             1. Delay in the operational      Quarry lain
                                            kebutuhan                                   plan for the toll road     3. Mengevaluasi jadwal rencana kerja dengan
                                         4. Terhambatnya pembebasan lahan            2. Potential increase in         menentukan lintasan kritis pada setiap
                                         1. There are changes to the project's          construction costs            tahapan pekerjaan dan mengatur sequence
                                            design and scope                                                          perpindahan peralatan
                                         2. Limited availability of material                                       4. Berkoordinasi intens dengan pihak PPK lahan
                                            sources (quarries)                                                        dan BPN untuk proses pembebasan lahan
                                         3. The equipment needed to complete                                          (P1, P2)
                                            structural work does not meet the                                      1. Conducting routine monitoring and
                                            requirements                                                              evaluation of cost aspects and construction
                                         4. Delays in land acquisition                                                implementation
                                                                                                                   2. Periodically evaluate the remaining stockpile
                                                                                                                      material requirements and remaining material
                                                                                                                      deposits at the available quarry, and seek
                                                                                                                      other quarry options
                                                                                                                   3. Evaluate the work plan schedule by
                                                                                                                      determining the critical path for each work
                                                                                                                      phase and arranging the sequence of
                                                                                                                      equipment movement
                                                                                                                   4. Coordinate intensively with PPK and the BPN
                                                                                                                      for the land acquisition process (P1, P2)

  15.    Potensi terjadinya              Malware dan ransomware                      Akan berdampak pada           1. Program Operasional Sistem dan Infrastruktur
         kebocoran data pribadi dan/     Malware and ransomware.                     reputasi perusahaan yaitu        TI
         atau Jasa Marga                                                             pemberitaan negatif di        2. Program Pemeliharan dan Pengoperasian
         Potential for personal and/                                                 media                            Aplikasi
         or Jasa Marga data leaks                                                    Will impact the company's     3. Program Pengembangan Sistem dan
                                                                                     reputation, i.e., negative       Infrastruktur TI
                                                                                     media coverage                1. Operational Program for IT Systems and
                                                                                                                      Infrastructure
                                                                                                                   2. Application Maintenance and Operation
                                                                                                                      Program
                                                                                                                   3. IT System and Infrastructure Development
                                                                                                                      Program

  16.    Potensi disrupsi penerapan      1. Terdapat kebijakan implementasi          Pengalihan hak                1. Melakukan penyusunan kajian transformasi
         teknologi nontunai                 teknologi transaksi nontunai             pengumpulan tol dari BUJT        model bisnis
         nirsentuh nirhenti                 nirsentuh nirhenti                       ke Pemerintah melalui         2. Melakukan pengembangan model bisnis baru
         pengoperasian jalan tol         2. Perubahan sistem peralatan tol           BUP dapat menimbulkan         3. Melakukan rapat dan diskusi dengan BPJT
         Potential disruption from       1. There is a policy for implementing       potensi penurunan                untuk memastikan kejelasan dan kepastian
         the implementation of              contactless cashless transaction         penerimaan pendapatan tol        mekanisme penerapan teknologi ini
         contactless cashless               technology                               dikarenakan ketidakpastian    1. Conducting a review of business model
         technology in toll road         2. Changes to the toll equipment            dalam penegakan hukum,           transformation
         operations                         system                                   ketidakakuratan data          2. Developing new business models
                                                                                     transaksi, dan berbagai hal   3. Holding meetings and discussions with BPJT
                                                                                     teknis yang lain                 to ensure clarity and certainty regarding the
                                                                                     The transfer of toll             mechanism for implementing this technology
                                                                                     collection rights from BUJT
                                                                                     to the Government through
                                                                                     BUP may lead to a potential
                                                                                     decline in toll revenue
                                                                                     due to uncertainty in law
                                                                                     enforcement, inaccuracies
                                                                                     in transaction data, and
                                                                                     various other technical
                                                                                     issues

  17.    Potensi kegagalan/              Tidak terdapat kesepakan transaksi          Beban bunga yang harus        Berkoordinasi dengan RNT dan ruas APJT,
         keterlambatan pencapaian        No transaction agreement                    dibayarkan akibat gagalnya    serta konsultan independen terkait kajian
         target aksi korporasi                                                       aksi korporasi                aksi korporasi dan melakukan monitoring
         strategis Jasa Marga                                                        Interest expenses payable     pelaksanaan aksi korporasi tersebut
         Potential failure/delay in                                                  due to corporate actions      Coordinate with RNT and APJT, as well as
         achieving Jasa Marga's                                                      failures                      independent consultants, on corporate action
         strategic corporate action                                                                                studies, and monitor the implementation of
         targets                                                                                                   these corporate actions.




722                                                                                         Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 723
06                                      07                                          08
Tata Kelola Perusahaan                  Tanggung Jawab Sosial Perusahaan            Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance               Corporate Social Responsibility             Reference of POJK, SEOJK, and ARA Criteria




Tabel Profil Risiko Korporat
Table of Corporate Risk Profile

                  Risiko                           Penyebab Risiko                        Dampak Risiko                               Mitigasi
 No.               Risk                              Risk Cause                            Risk Impact                                Mitigation
  18.   Potensi terjadinya               1. Kelalaian pekerja dalam                 Potensi meningkatnya            1. Melakukan sosialisasi terkait K3 secara
        gangguan kesehatan dan              melaksanakan pekerjaan                  tingkat kematian di                periodik
        keselamatan kerja                2. Kurangnya pemahaman karyawan            tempat kerja atau yang          2. Melakukan surveillance Sistem Manajemen
        Potential for occupational          akan prosedur keselamatan kerja         disebabkan oleh kondisi            K3 berbasis ISO 45001:2018
        health and safety hazards        3. Penggunaan peralatan keselamatan        kerja yang berbahaya            3. Melakukan simulasi tanggap darurat secara
                                            yang tidak tepat                        dapat menyebabkan                  periodik
                                         4. Kondisi lingkungan kerja yang kurang    dampak reputasi yang            4. Pemberian Alat Pelindung Diri yang sesuai
                                            aman                                    besar dan mengakibatkan            dengan SNI, serta pemenuhan kelengkapan
                                         1. Employee negligence in performing       denda dari pihak regulator         K3
                                            work                                    serta pemberian sanksi          1. Conducting periodic OSH awareness
                                         2. Lack of employee understanding of       perusahaan oleh pemerintah         campaigns
                                            occupational safety procedures          The potential for increased     2. Conducting surveillance of the OSH
                                         3. Inappropriate use of safety             workplace fatalities or            Management System based on ISO
                                            equipment                               those caused by hazardous          45001:2018
                                         4. Unsafe working conditions               working conditions              3. Conducting periodic emergency response
                                                                                    can result in significant          simulations
                                                                                    reputational damage and         4. Providing personal protective equipment that
                                                                                    lead to fines from regulators      complies with SNI, and ensuring compliance
                                                                                    and government sanctions           with OSH requirements
                                                                                    against the Company.

  19.   Potensi tidak mencapai           1. Ketidakpuasan masyarakat terhadap       Penurunan ESG rating            1. Mengadakan sosisalisasi dan workshop
        standar Environmental,              dampak sosial pembangunan               Sustainalytic                      mengenai perhitungan program TJSL
        Social, and Governance              infrastruktur, seperti penggusuran      Decline in ESG Sustainalytic       menggunakan perhitungan SROI
        (ESG) yang diharapkan oleh          atau gangguan lingkungan sekitar        rating                          2. Pertemuan dan diskusi rutin dari level
        pemangku kepentingan dan         2. Kurangnya inisiatif untuk                                                  tertinggi Key Stakeholder dan pelaksanaan
        lembaga pemeringkat                 pemberdayaan masyarakat setempat                                           program CSR di daerah sekitar jalan tol
        Potential failure to meet           atau pelibatan dalam pengembangan                                       1. Holding disseminations and workshops on
        the Environmental, Social,          infrastruktur                                                              the TJSL program calculations using SROI
        and Governance (ESG)             1. Community dissatisfaction with                                             calculations
        standards expected by               the social impacts of infrastructure                                    2. Regular meetings and discussions at the
        stakeholders and rating             development, such as evictions or                                          highest level of Key Stakeholders, and
        agencies                            environmental disturbances                                                 implementation of CSR programs in areas
                                         2. Lack of initiatives for community                                          surrounding the toll road
                                            empowerment or involvement in
                                            infrastructure development

  20.   Potensi adanya kasus             1. Tidak teridentifikasinya risiko         1. Publikasi negatif            1. Memastikan dan melakukan pengecekan
        penyuapan dan/atau                  penyuapan yang timbul dari proses          mencapai skala                  berkala akan teridentifikasinya risiko
        konflik kepentingan yang            bisnis pada Unit Kerja dalam               internasional yang              penyuapan yang timbul dari proses bisnis
        melibatkan Jasa Marga               dokumen Penilaian Risiko Penyuapan         tersebar di sosial              pada unit kerja dalam dokumen penilaian
        Potential for bribery and/          (BRA)                                      media dan/atau                  risiko penyuapan
        or conflicts of interest         2. Belum optimalnya pengendalian              memerlukan penanganan        2. Mengadakan program peningkatan
        involving Jasa Marga                eksisting dan rencana mitigasi dalam       kewenangan Kantor               pemahaman atas kebijakan dan pemenuhan
                                            pengukuran dokumen Penilaian Risiko        Pusat                           persyaratan ISO 37001
                                            Penyuapan (BRA)                         2. Terjadinya pelanggaran       1. Ensuring and conducting periodic checks to
                                         3. Kurangnya pemahaman atas                   ketentuan/kepatuhan             identify bribery risks arising from business
                                            kebijakan dan pemenuhan                 3. Pemberitaan negatif di          processes within work units, as documented
                                            persyaratan ISO 37001                      media                           in bribery risk assessment documents
                                         4. Kurangnya monitoring penerapan          1. Negative publicity           2. Conducting programs to enhance
                                            SMAP Perseroan                             reaching an international       understanding of policies and compliance
                                         5. Kurangnya kompetensi personel              scale, spread across            with ISO 37001 requirements
                                            Perseroan terkait dengan SMAP              social media, and/or
                                         1. The risk of bribery arising from           requires handling by the
                                            business processes in Work Units           Head Office
                                            is not identified in the Bribery Risk   2. Occurrence of violations
                                            Assessment (BRA) document                  of regulations/
                                         2. Suboptimal existing controls and           compliance
                                            mitigation plans in the measurement     3. Negative media
                                            of the Bribery Risk Assessment (BRA)       coverage
                                            document
                                         3. Lack of understanding of policies
                                            and compliance with ISO 37001
                                            requirements
                                         4. Insufficient monitoring of the
                                            implementation of the Company's
                                            SMAP
                                         5. Lack of personnel competence
                                            related to SMAP




PT Jasa Marga (Persero) Tbk          Laporan Tahunan 2025 Annual Report                                                                                     723
Page 724
01                               02                         03                          04                                              05
Ikhtisar Kinerja Utama           Laporan Manajemen          Profil Perusahaan            Analisa dan Pembahasan Manajemen                Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report          Company Profile              Management Discussion and Analysis              Business Support Functions




Tabel Profil Risiko Korporat
Table of Corporate Risk Profile

                   Risiko                     Penyebab Risiko                       Dampak Risiko                                  Mitigasi
 No.                Risk                        Risk Cause                           Risk Impact                                   Mitigation
  21.    Potensi kegagalan          1. Kurangnya kualifikasi dan kompetensi    1. Kegagalan dalam               1. Mengoptimalkan penanaman budaya risiko
         implementasi roadmap          personil Manajemen Risiko                  merespons atau                2. Melakukan penyusunan Business Continuity
         manajemen risiko           2. Perubahan prioritisasi dari pemegang       mengatasi risiko dapat           Management System (BCMS)
         Potential failure to          saham                                      mempengaruhi citra            3. Melakukan Kaji Ulang Peraturan
         implement the risk         3. Perubahan kebijakan                        perusahaan                    1. Optimizing the implementation of a risk culture
         management roadmap         1. Lack of qualifications and              2. Perusahaan tidak siap         2. Implementing a Business Continuity
                                       competence of Risk Management              dalam menghadapi                 Management System (BCMS)
                                       personnel                                  ancaman yang datang           3. Reviewing Regulations
                                    2. Changes in shareholder priorities       3. Mengakibatkan kerugian
                                    3. Policy changes                             finansial, seperti kerugian
                                                                                  investasi, biaya hukum,
                                                                                  atau biaya pemulihan
                                                                                  pasca-kejadian tak
                                                                                  terduga
                                                                               1. Failure to respond to or
                                                                                  address risks can affect
                                                                                  the company's image
                                                                               2. The company is not
                                                                                  prepared to face threats
                                                                               3. Resulting in financial
                                                                                  losses, such as
                                                                                  investment losses, legal
                                                                                  costs, or post-incident
                                                                                  recovery costs




Selanjutnya, sesuai arahan PT Danantara Asset                                   Selanjutnya, sesuai arahan PT Danantara Asset
Management, Perseroan juga menyusun profil risiko korporat                      Management, Perseroan juga menyusun profil risiko korporat
berbasis parameter risiko. Profil risiko berbasis parameter                     berbasis parameter risiko. Profil risiko berbasis parameter
ini digunakan untuk memberikan gambaran risiko yang lebih                       ini digunakan untuk memberikan gambaran risiko yang lebih
terukur melalui penetapan risk limit, risk appetite, dan risk                   terukur melalui penetapan risk limit, risk appetite, dan risk
tolerance, sehingga mendukung konsistensi pemantauan                            tolerance, sehingga mendukung konsistensi pemantauan
risiko serta pengambilan keputusan manajemen.                                   risiko serta pengambilan keputusan manajemen.

Profil risiko Perseroan berdasarkan parameter risiko tersebut                   Profil risiko Perseroan berdasarkan parameter risiko tersebut
disajikan pada tabel berikut:                                                   disajikan pada tabel berikut:



                  Parameter                                                         Strategi Pengendalian
 No.              Parameters                                                           Control Strategy
   1     Strategic Risk

         a.   Potensi kehilangan         •   Melakukan koordinasi aktif dengan BPJT dan Kementerian PU untuk percepatan proses evaluasi
              pendapatan tol                 tarif.
              akibat penundaan           •   Melakukan optimalisasi biaya O&M sesuai kebutuhan operasional yang memperhatikan pemenuhan
              penyesuaian tarif              SPM dan aspek keselamatan agar arus kas tetap sehat.
              Potential loss of toll     •   Mempercepat penanganan tindak lanjut seluruh temuan SPM oleh Kementerian PU.
              revenue due to delays      •   Actively coordinating with BPJT and the Ministry of Public Works to accelerate the tariff evaluation
              in tariff adjustments          process.
                                         •   Optimising O&M costs in line with operational requirements, taking into account SPM compliance
                                             and safety aspects to maintain healthy cash flow.
                                         •   Accelerating the follow-up of all SPM findings by the Ministry of Public Works.

         b.   Potensi deviasi volume     •   Pelaksanaan rekayasa lalu lintas Contra Flow pada hari kerja dan akhir pekan untuk penambahan
              lalu lintas                    kapasitas lajur pada ruas-ruas Metropolitan maupun pada ruas-ruas lain saat event-event nasional
              Potential traffic volume       seperti Lebaran dan Nataru.
              deviation                  •   Peningkatan kapasitas transaksi gerbang tol pada gerbang tol yang terjadi kepadatan melalui
                                             penambahan lajur transaksi, penambahan Oblique Approach Booth (OAB) maupun penggunaan
                                             mobile reader guna memperlancar transaksi di Gerbang Tol.
                                         •   Pengelolaan Lanjutan Model Lalu Lintas Pulau Jawa Terintegrasi Perkotaan Jabodetabek-Bandung
                                             Raya.
                                         •   Implementation of Contra Flow traffic engineering on weekdays and weekends to increase lane
                                             capacity on metropolitan roads and other roads during national events such as Eid al-Fitr and
                                             Christmas and New Year.
                                         •   Increasing toll gate transaction capacity at toll gates experiencing congestion by adding
                                             transaction lanes, adding Oblique Approach Booths (OABs) and using mobile readers to streamline
                                             transactions at toll gates.
                                         •   Continued management of the Integrated Urban Traffic Model for Java Island in the Greater
                                             Jakarta-Greater Bandung area.




724                                                                                    Laporan Tahunan 2025 Annual Report          PT Jasa Marga (Persero) Tbk
Page 725
06                                  07                                     08
Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




                Parameter                                                        Strategi Pengendalian
 No.            Parameters                                                          Control Strategy
        c.   Potensi kehilangan           •    Penetapan diskon berbasis waktu (periode libur panjang dan untuk mendistribusi persebaran
             pendapatan tol akibat             traffic).
             adanya diskon tarif tol      •    Monitoring penerapan diskon tarif setiap periodenya.
             Potential loss of toll       •    Review bulanan terhadap realisasi revenue dan proyeksinya.
             revenue due to toll          •    Setting time-based discounts (long holiday periods and to distribute traffic).
             discounts                    •    Monitoring the application of tariff discounts for each period.
                                          •    Monthly review of revenue realisation and projections.

  2     Market Risk

        a.   Potensi beban bunga          •    Evaluasi realisasi beban secara berkala.
             yang dapat diserap           •    Optimalisasi beban untuk meningkatkan EBITDA.
             terhadap EBITDA              •    Efisiensi biaya operasional.
             Potential interest           •    Periodic evaluation of expense realisation.
             expense that can be          •    Optimisation of expenses to increase EBITDA.
             absorbed by EBITDA           •    Operational cost efficiency.

        b.   Effective Rate Floating      •    Melakukan koordinasi berkala dengan perbankan untuk update trend rate dan negosiasi.
             Interest                     •    Mencari pinjaman dengan suku bunga paling kompetitif.
                                          •    Pengelolaaan struktur pendanaan dengan menjaga komposisi fixed & floating rate.
                                          •    Coordinate regularly with banks to update rate trends and negotiations.
                                          •    Seek loans with the most competitive interest rates.
                                          •    Manage funding structures by maintaining the composition of fixed and floating rates.

  3     Financial Risk (inc. Liquidity Risk, Insurance Risk)

        a.   Current ratio                •    Mengoptimalkan cash management.
                                          •    Pengelolaan jadwal utang jangka pendek.
                                          •    Prioritisasi dan Penjadwalan Belanja Operasional & Capex.
                                          •    Optimising cash management.
                                          •    Managing short-term debt schedules.
                                          •    Prioritising and scheduling operational and capital expenditure.

        b.   Debt to Equity Ratio         •    Melakukan percepatan pelunasan hutang.
             (DER)                        •    Melakukan penguatan perencanaan arus kas dan laba ditahan.
                                          •    Melakukan evaluasi rencana pendanaan dan investasi terhadap dampaknya pada DER.
                                          •    Accelerating debt repayment.
                                          •    Strengthening cash flow and retained earnings planning.
                                          •    Evaluating funding and investment plans for their impact on the debt-equity ratio.

        c.   Operating Margin Ratio       •    Mengoptimalkan beban usaha tanpa mengurangi standar pelayanan minimum (SPM).
                                          •    Peningkatan produktivitas dan utilisasi aset operasional.
                                          •    Pengendalian biaya pemeliharaan dengan pemeliharaan yang bersifat preventif.
                                          •    Optimising operational costs without compromising minimum service standards (SPM).
                                          •    Improving productivity and utilisation of operational assets.
                                          •    Controlling maintenance costs through preventive maintenance.

  4     Credit/Counterparty Credit Risk

        a.   Persentase kerugian          •    Melakukan negosiasi ulang skema investasi dan pembagian risiko dengan mitra.
             akibat mitra usaha           •    Melakukan koordinasi rutin dengan mitra usaha terkait progres proyek dan kebutuhan pendanaan.
             tidak melakukan              •    Melakukan monitoring pemenuhan setoran modal secara rutin dan melakukan koordinasi dengan
             setoran modal                     mitra secara rutin sebelum tanggal jatuh tempo.
             Percentage of losses         •    Renegotiating investment schemes and risk sharing with partners.
             due to business              •    Coordinating regularly with business partners regarding project progress and funding requirements.
             partners not making          •    Monitoring capital deposits regularly and coordinating with partners regularly before the due date.
             capital contributions

        b.   Persentase deviasi           •    Koordinasi dengan PPK, BPN dan LMAN terkait dokumen pendukung pengambalian Dana Talangan
             pengembalian DTT                  Tanah.
             terhadap total Account       •    Melakukan monitoring dan evaluasi terhadap progres & tindak lanjut atas outstanding DTT & CoF.
             Receivable                   •    Mengevaluasi target dan realisasi atas verifikasi pemenuhan dokumen untuk pengembalian DTT
             Percentage deviation              oleh BUJT dan menganalisa penyebab deviasinya.
             of DTT returns               •    Coordinate with the PPK, BPN and LMAN regarding supporting documents for the repayment of
             against total accounts            Land Advance Funds.
             receivable                   •    Monitor and evaluate progress and follow-up on outstanding Land Advance Funds (DTT) and CoF.
                                          •    Evaluate targets and actual performance regarding the verification of document compliance for
                                               the repayment of Land Advance Funds (DTT) by BUJT and analyse the causes of any deviations.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                           725
Page 726
01                               02                       03                     04                                       05
Ikhtisar Kinerja Utama           Laporan Manajemen        Profil Perusahaan       Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report        Company Profile         Management Discussion and Analysis       Business Support Functions




                  Parameter                                                   Strategi Pengendalian
 No.              Parameters                                                     Control Strategy
   5     Operational Risk

         a.   Potensi nilai loss event   •   Memperkuat sistem pelaporan dan analisis loss event.
              force majeure              •   Meningkatkan efektivitas kontrol internal operasional.
              Potential loss value of    •   Menerapkan teknologi pemeliharaan prediktif untuk menekan potensi kerugian operasional
              force majeure events           terhadap biaya O&M dan menjaga efisiensi operasional perusahaan.
                                         •   Strengthen the loss event reporting and analysis system.
                                         •   Improve the effectiveness of operational internal controls.
                                         •   Implement predictive maintenance technology to minimise potential operational losses in relation
                                             to O&M costs and maintain the company’s operational efficiency.

         b.   Persentase response        •   Penempatan petugas derek, ambulans, mobile customer service, PJR, dan rescue di lokasi
              time derek, ambulan,           strategis sesuai hasil evaluasi kepadatan lalu lintas.
              mobile customer            •   Pemeliharaan rutin kendaraan operasional.
              service, PJR, dan          •   Peningkatan koordinasi operasional lintas fungsi dan pihak eksternal.
              rescue                     •   Deployment of breakdown service vehicles, ambulances, mobile customer service units, traffic
              Response time                  police, and rescue teams at strategic locations based on traffic density assessments.
              percentage for tow         •   Routine maintenance of operational vehicles.
              trucks, ambulances,        •   Enhanced cross-functional operational coordination and collaboration with external parties.
              mobile customer
              service, PJR, and
              rescue

         c.   Persentase waktu           •   Melakukan sosialisasi tentang security awareness dan melakukan sosialisasi terkait alur pelaporan
              deteksi insiden cyber          insiden siber.
              security                   •   Menerapkan prinsip zero trust untuk deteksi insiden siber secara otomatis.
              Percentage of time         •   Mengidentifikasi serangan cyber berdasarkan data historis dan data library eksternal yang disertai
              taken to detect cyber          dengan klasifikasi severity konsisten
              security incidents         •   Conducting oversight through stage-gate reviews prior to cost escalation.
                                         •   Monitoring with service providers and consultants when calculating construction costs to ensure
                                             that the cost plan accurately reflects on-site implementation.
                                         •   Maintaining strict control over the scope of work (scope discipline).

   6     Investment/Project Risk

         a.   Deviasi capex              •   Melakukan pengawasan melalui stage-gate review sebelum eskalasi biaya.
              konstruksi                 •   Monitoring dengan service provider dan konsultan saat memperhitungkan biaya konstruksi agar
              Construction capex             perencanaan biaya menggambarkan kesesuaian pelaksanaan di lapangan.
              deviation                  •   Melakukan pengendalian ruang lingkup pekerjaan (scope discipline).
                                         •   Melakukan pengawasan melalui stage-gate review sebelum eskalasi biaya.
                                         •   Monitoring dengan service provider dan konsultan saat memperhitungkan biaya konstruksi agar
                                             perencanaan biaya menggambarkan kesesuaian pelaksanaan di lapangan.
                                         •   Melakukan pengendalian ruang lingkup pekerjaan (scope discipline).

   7     Reputational Risk

         a.   Media Sentiment Index:     •   Pemantauan berita dan publikasi media secara berkala.
              Media Konvensional         •   Penguatan hubungan dengan jurnalis dan media baik lokal maupun nasional.
              Media Sentiment Index:     •   Penyusunan dan pelaksanaan strategi komunikasi proaktif berupa manajemen narasi
              Conventional Media         •   Regular monitoring of news and media publications.
                                         •   Strengthening relationships with journalists and media outlets, both local and national.
                                         •   Formulating and implementing proactive communication strategies in the form of narrative
                                             management.

         b.   Social Media Sentiment     •   Membuat konten positif secara rutin mengenai pelayanan, keselamatan, dan inovasi Perusahaan.
              Index: Media Sosial        •   Menangani keluhan atau komentar negatif melalui kanal resmi secara cepat dan tepat.
              Social Media Sentiment     •   Menyiapkan template respons atas komentar negatif yang disesuaikan untuk isu-isu umum.
              Index: Social Media        •   Regularly create positive content about the Company’s services, safety and innovation.
                                         •   Handle complaints or negative comments via official channels promptly and appropriately.
                                         •   Prepare response templates for negative comments, tailored to common issues.




726                                                                             Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 727
06                                 07                                   08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan     Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility      Reference of POJK, SEOJK, and ARA Criteria




                Parameter                                                     Strategi Pengendalian
 No.            Parameters                                                       Control Strategy
  8     Regulatory, Legal, and Compliance Risk

        a.   Persentase                   •   Secara proaktif melakukan review dokumen kepatuhan.
             pelanggaran/tidak            •   Melakukan sosialisasi kebijakan/peraturan serta melakukan pelatihan kepatuhan.
             terpenuhinya kewajiban       •   Menyusun daftar kewajiban kepatuhan dan pelaksanaan Self-Assessment daftar kewajiban
             kepatuhan berdasarkan            kepatuhan.
             self assessment daftar       •   Proactively reviewing compliance documents.
             kewajiban kepatuhan          •   Disseminating policies/regulations and conducting compliance training.
             Percentage of                •   Compiling a list of compliance obligations and conducting a self-assessment of the list of
             violations/non-                  compliance obligations.
             compliance based on
             self-assessment of
             compliance obligations

        b.   Persentase beban dari        •   Memastikan dokumen-dokumen terkait perkara hukum tersedia.
             litigasi dan tindak lanjut   •   Menerapkan mediasi strategis dan bantuan dari stakeholders maupun pihak eksternal yang
             temuan audit terhadap            memiliki keahlian.
             total beban lain-lain        •   Melakukan tindak lanjut dan penyelesaian temuan audit secara tepat waktu sesuai rekomendasi
             Percentage of litigation         hasil pemeriksaan.
             and follow-up on audit       •   Ensuring that documents related to legal cases are available.
             findings from total          •   Implementing strategic mediation and assistance from stakeholders and external parties with
             other expenses                   expertise.
                                          •   Following up and resolving audit findings in a timely manner in accordance with the
                                              recommendations of the audit results.



Evaluasi Penerapan Manajemen Risiko                                       Risk Management Implementation
                                                                          Evaluation
Evaluasi Manajemen Risiko di lingkungan Perseroan meliputi                The evaluation of risk management within the Company
hal-hal sebagai berikut:                                                  covers the following aspects:
1. Proses evaluasi dilakukan dengan cara membandingkan                    1. The evaluation process involves comparing the risks
    risiko hasil analisis dengan kriteria yang berlaku untuk                 identified through analysis with the applicable criteria to
    menentukan risiko yang membutuhkan tindak lindung                        determine which risks require mitigation measures and
    dan prioritas penanganan.                                                the priority for addressing them.
2. Kriteria untuk pengambilan keputusan tersebut                          2. The criteria for such decision-making must be consistent
    harus konsisten dengan konteks eksternal, internal,                      with the external and internal context, and with the risk
    dan manajemen risiko yang telah ditetapkan selaras                       management framework established in alignment with
    dengan sasaran Perseroan, sasaran pengelolaan risiko,                    the Company’s objectives, risk management objectives,
    kepentingan pemangku kepentingan dan lain-lain.                          stakeholder interests and other relevant factors.
3. Dengan evaluasi risiko maka dapat ditetapkan risiko yang               3. Through risk evaluation, it is possible to identify risks
    memerlukan tindak lindung dan prioritasnya atau risiko                   requiring mitigation measures and their priorities, or
    tersebut demikian rendah sehingga hanya memerlukan                       risks that are so low that they only require monitoring.
    monitor.

Monitoring Manajemen Risiko di lingkungan Perseroan                       Risk Management Monitoring within the Company includes
mencakup hal-hal sebagai berikut:                                         the following:
1. Penerapan manajemen risiko dikelola oleh Unit Kerja/Unit               1. The implementation of risk management is managed
   Bisnis sesuai dengan proses bisnis masing-masing Unit                      by the Work Unit/Business Unit in accordance with the
   Kerja/Unit Bisnis. Penerapan manajemen risiko di Unit                      business processes of each Work Unit/Business Unit.
   Kerja/Unit Bisnis menjadi tanggung jawab Unit Kerja/Unit                   The implementation of risk management in the Work
   Bisnis yang bersangkutan dan terdokumentasikan serta                       Unit/Business Unit is the responsibility of the relevant
   termonitor secara periodik.                                                Work Unit/Business Unit and is documented and
                                                                              monitored periodically.
2. Pemantauan penerapan manajemen risiko di Unit Kerja/                   2. Monitoring of the implementation of risk management in
   Unit Bisnis dilakukan dengan membandingkan realisasi                       the Work Unit/Business Unit is carried out by comparing
   dan rencana yang telah disusun sebelumnya secara                           the realization and plans that have been prepared
   periodik serta terdokumentasi dengan baik.                                 previously, periodically, and is well-documented.




PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                                  727
Page 728
01                           02                     03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen      Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report      Company Profile          Management Discussion and Analysis       Business Support Functions




Kualitas Penerapan Manajemen Risiko                                    Quality of Risk Management
(KPMR)                                                                 Implementation (KPMR)
Kualitas penerapan manajemen risiko berdasarkan indikator:             The quality of risk management implementation is based on
                                                                       the following indicators:
1. Pencapaian nilai eksposur risiko dibandingkan dengan                1. Achievement of risk exposure value compared to
   target risiko residual.                                                 residual risk targets.
2. Pencapaian output pelaksanaan perlakuan risiko                      2. Achievement of risk treatment implementation output
   dibandingkan dengan target total output perlakuan risiko.               compared to the total risk treatment output target.
3. Realisasi      biaya    pelaksanaan    perlakuan     risiko         3. Realization of risk treatment implementation costs
   dibandingkan dengan anggaran.                                           compared to the budget.
4. Ketepatan penilaian risiko yang meliputi indentifikasi              4. Accuracy of risk assessment, including risk identification,
   risiko, kuantifikasi risiko, rencana perlakuan risiko, dan              risk quantification, risk treatment plan, and risk
   prioritisasi risiko.                                                    prioritization.

Berdasarkan penilaian keempat indikator di atas, maka hasil            Based on the assessment of the four indicators above, the
skor penilaian terhadap Kualitas Penerapan Manajemen                   Quality of Risk Management Implementation score for 2025
Risiko tahun 2025 adalah Satisfactory.                                 is Satisfactory.


Hasil Perhitungan Peringkat Komposit                                   Composite Risk Rating Calculation
Risiko                                                                 Results
Perhitungan peringkat komposit risiko berdasarkan                      Composite risk rating calculation based on a combination
kombinasi dari variabel:                                               of variables:
1. Pencapaian kinerja dengan hasil yang Baik; dan                      1. Performance achievement with good results; and
2. Kualitas penerapan Manajemen Risiko dengan hasil                    2. Quality of Risk Management Implementation with a
   Satisfactory.                                                           Satisfactory result.

Berdasarkan kedua hal tersebut, maka peringkat komposit                Based on these factors, the composite risk rating is at
risiko berada pada peringkat 2 dengan kondisi Perseroan                level 2, with the Company’s condition being that risks are
berupa Risiko terkendali baik dan kemungkinan tidak                    sufficiently controlled and the possibility of not achieving
tercapainya target kinerja tergolong rendah.                           performance targets is relatively low.

Tabel Matriks Peringkat Komposit Risiko
Table of Risk Composite Matrix Rating


       Kinerja                                         Kualitas Penerapan Manajemen Risiko
     Performance                                     Quality of Risk Management Implementation
                             Strong              Satisfactory                Fair                Fair Marginal         Unsatisfactory
 Sangat Baik
                                  1                   1                        2                         3                      3
 Excellent

 Baik
                                  1                       2                    2                         3                      4
 Good

 Cukup
                                 2                    2                       (3)                        4                      4
 Sufficient

 Kurang
                                 2                    3                        4                         4                      5
 Insufficient

 Buruk
                                3                     3                        4                         5                      5
 Bad




Level Maturitas Manajemen Risiko                                       Risk Management Maturity Level
Jasa Marga telah melakukan pengukuran tingkat                          Jasa Marga has measured the maturity level (Risk
kematangan (Risk Maturity Index) dalam pengelolaan risiko              Maturity Index) in risk management in 2025 for the 2024
pada tahun 2025 untuk periode pelaksanaan tahun 2024                   implementation period to ensure the effectiveness of Risk
untuk memastikan efektivitas Manajemen Risiko selaras                  Management is in line with the Minister of SOE Regulation
dengan Peraturan Menteri BUMN No. PER-2/MBU/03/2023                    No. PER-2/MBU/03/2023 on Guidelines for Governance and
Tentang Pedoman Tata Kelola dan Kegiatan Korporasi                     Significant Corporate Activities of State-Owned Enterprises,
Signifikan Badan Usaha Milik Negara, dan Keputusan Deputi              and the Deputy for Finance and Risk Management Decree
Bidang Keuangan dan Manajemen Risiko No. SK-8/DKU.                     No. SK-8/DKU.MBU/12/2023 on Technical Guidelines




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




MBU/12/2023 Tentang Petunjuk Teknis Penilaian Indeks                  for Risk Maturity Index Assessment in State-Owned
Kematangan Risiko Risk Maturity Index) di Lingkungan                 Enterprises. In 2025, the measurement was carried out by
Badan Usaha Milik Negara. Tahun 2025 pengukuran                       RWI Consulting, with measurement standards based on the
dilakukan oleh RWI Consulting dengan standar pengukuran               Deputy for Finance and Risk Management Decree No. SK-8/
mengacu pada Keputusan Deputi Bidang Keuangan dan                     DKU.MBU/12/2023 on Technical Guidelines for Assessing
Manajemen Risiko No. SK-8/DKU.MBU/12/2023 Tentang                     the Risk Maturity Index in State-Owned Enterprises, which
Petunjuk Teknis Penilaian Indeks Kematangan Risiko Risk              differs from the previous year in terms of methodology
Maturity Index) di Lingkungan Badan Usaha Milik Negara,               and dimensions. The measurement is carried out to assess
yang mana standar pengukuran ini berbeda dengan tahun                 changes in the Company’s risk management system. This
sebelumnya dalam hal metodologi dan dimensi Pengukuran                measurement is important to be carried out to provide
dilakukan untuk mengetahui perubahan perkembangan                     direction for improvement to the risk management system
sistem manajemen risiko yang diterapkan di Perseroan.                 currently being implemented at Jasa Marga, with the
Pengukuran ini penting dilakukan dalam rangka memberikan              following objectives:
arah perbaikan terhadap sistem manajemen risiko yang
sedang dilaksanakan di Jasa Marga, dengan tujuan sebagai
berikut:
1. Mendapatkan gambaran kondisi penerapan Manajemen                   1. To obtain an overview of the implementation of Risk
    Risiko beserta identifikasi aspek-aspek di dalam                     Management and identify aspects within the risk
    perencanaan kerangka kerja manajemen risiko;                         management framework planning;
2. Mendapatkan data atas gap sejauh mana implementasi                 2. To obtain data on the extent of the gap in the
    manajemen risiko di Perseroan;                                       implementation of risk management in the Company;
3. Mendapatkan rekomendasi (strength dan opportunity                  3. To obtain recommendations (strengths and opportunities
    for improvement) dan sekaligus mendapatkan arah dan                  for improvement) as well as direction and suggestions for
    saran perbaikan dalam rangka implementasi manajemen                  improvement in the implementation of risk management
    risiko ke depan.                                                     going forward.

Dalam pengukuran maturitas, terdiri dari 2 (dua) Aspek                In measuring maturity, there are two RMI Assessment
Penilaian RMI terdiri dari:                                           Aspects consisting of:
1. Aspek Dimensi yang terdiri dari:                                   1. Dimension Aspects, which include:
   a. Budaya dan kapabilitas risiko                                      a. Risk culture and capabilities
   b. Organisasi dan Tata Kelola Risiko                                  b. Organization and Risk Governance
   c. Kerangka Risiko dan Kepatuhan                                      c. Risk and Compliance Framework
   d. Proses dan Kontrol Risiko                                          d. Risk Processes and Controls
   e. Model, Data, dan Teknologi Risiko                                  e. Risk Models, Data, and Technology
2. Aspek Kinerja yang terdiri dari:                                   2. Performance Aspects consisting of:
   a. Tingkat Kesehatan                                                  a. Soundness Level
   b. Peringkat Komposit Risiko                                          b. Composite Risk Rating

Adapun metodologi yang digunakan dalam Pengukuran                     The methodology used in measuring risk management
maturitas manajemen risiko yaitu melalui:                             maturity is:
1. Review Dokumen;                                                    1. Document Review;
2. Wawancara atau klarifikasi;                                        2. Interviews or clarifications;
3. Observasi.                                                         3. Observation.
4. Kuisioner; dan                                                     4. Questionnaire; and
5. Site visit.                                                        5. Site visit

Berdasarkan hasil pengukuran RMI yang mengacu kepada                  Based on the RMI measurement results referring to No. SK-8/
No. SK-8/DKU.MBU/12/2023 Tentang Petunjuk Teknis                      DKU.MBU/12/2023 on Technical Guidelines for Risk Maturity
Penilaian Indeks Kematangan Risiko Index di Lingkungan              Index (Index) Assessment in State-Owned Enterprises,
Badan Usaha Milik Negara, PT Jasa Marga (Persero) Tbk                 PT Jasa Marga (Persero) Tbk is in the Developing Phase.
berada pada Fase Berkembang. Dengan dilakukan penilaian               Based on the RMI assessment and the Areas of Improvement
RMI, berdasarkan Area Of Improvement yang didapat                     identified during the assessment process, the Company has
dalam proses penilaian, perusahaan menyusun Roadmap                   developed the following Risk Management Improvement
Perbaikan Manajemen Risiko 2025-2029 sebagai berikut:                 Roadmap for 2025–2029:




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                           729
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01                                    02                                 03                         04                                                   05
Ikhtisar Kinerja Utama                Laporan Manajemen                  Profil Perusahaan           Analisa dan Pembahasan Manajemen                     Fungsi Penunjang Bisnis
Main Performace Highlights            Management Report                  Company Profile             Management Discussion and Analysis                   Business Support Functions




                                                                Grafik Peningkatan Risk Maturity Index
                                                              Graph of Risk Maturity Index Improvement

Long-Term Roadmap
for Improvement
                                                                                                          Aspek Dimensi: 3,48
PT Jasa Marga (Persero) Tbk                            Aspek Dimensi: 3,15                                Fase Praktik yang Baik
                                                       Fase Praktik yang Baik               3.48*         Dimension Aspects: 3,48
                                          3.15*        Dimension Aspects: 3,15                            The Good Practice Phase
                                                       The Good Practice Phase                            Capacity Enhancement           Aspek Dimensi: 3,90
                                                       Risk System Optimization                           (Peningkatan Kapabilitas)      Fase Praktik yang Lebih Baik
                                                                                            2027
                                          2026         (Optimisasi Sistem Risiko)                                                        Dimension Aspects: 3,90
                                                                                                                                                                        3.90*
                                                                                                                                         A Better Practice Phase
                                                                                                                                         Risk-Based Transformation
                        Aspek Dimensi: 2,83                                                                                              (Transformasi Berbasis
            2.83        Fase Berkembang (+)                                                                                              Risiko)                        2029
                        Dimension Aspects: 2,83
                        Developing Phase (+)
                        Risk Culture Transformation
            2025        (Transformasi Budaya Risiko)




                                                                                                                           3.80*
                                                                                                                                         Aspek Dimensi: 3,80
                                                                                                                                         Fase Praktik yang Baik (+)
                                                                                                                                         Dimension Aspects: 3,80
                                                                                                                            2028         The Good Practice Phase (+)
                                                                                                                                         Sustainable Risk Governance
     2.74                                                                                                                                (Tata Kelola Risiko Berkelanjutan)
                Aspek Dimensi: 2,74
                Fase Berkembang (+)
                Dimension Aspects: 2,74
    2024        Developing Phase (+)                                                                  *  Dengan asumsi total skor Aspek Kinerja tercapai pada rentang skor >90, dan
                                                                                                         terdapat penyesuaian sebesar -0.00 pada capaian Aspek Dimensi
                                                                                                         Assuming that the total Performance Aspect score is achieved in the score
                                                                                                         range >90, and there is an adjustment of -0.00 in the Dimension Aspect
                                                                                                         achievement.
                                                                                                      ** Tahun yang tercantum merujuk pada tahun buku penilaian
                                                                                                         The year indicated refers to the year of assessment.




                                                                 Grafik Realisasi Skor RMI 2023-2024
                                                                RMI Score Realisation Chart 2023-2024

                                                                               2,10           2,74




                                                                              2023           2024

Level yang digunakan untuk melakukan pengukuran                                             The maturity levels used to measure risk management
terhadap tingkat maturitas manajemen risiko menggunakan                                     are 5 (five), reflecting the Company’s competence in
5 (lima) level yang menggambarkan kompetensi Perseroan                                      implementing risk management.
dalam menerapkan manajemen risiko.



Contingency Plan                                                                            Contingency Plan
Sehubungan dengan Peraturan Menteri Badan Usaha                                             Per Minister of State-Owned Enterprises (SOE) Regulation
Milik Negara (BUMN) Nomor PER-2/MBU/03/2023 tanggal                                         No. PER-2/MBU/03/2023 dated March 3, 2023, on Guidelines
3 Maret 2023 tentang Pedoman Tata Kelola dan Kegiatan                                       for Corporate Governance and Significant Corporate
Korporasi Signifikan BUMN serta merujuk pada Aspirasi                                       Activities of SOE and referring to Shareholder Aspirations
Pemegang Saham (APS) No. S-468/MBU/09/2024 sebagai                                          (APS) No. S-468/MBU/09/2024 provides guidelines for the
pedoman penyusunan Rencana Kerja dan Anggaran                                               preparation of the 2025 SOE Work Plan and Budget (RKAP),
Perusahaan (RKAP) BUMN Tahun 2025 yang mengatur                                             which regulates the preparation of a Contingency Plan. As
penyusunan Rencana Darurat Contingency Plan), Sebagai                                      an SOE with Systemic Category A and Conglomerate status,
BUMN dengan Kategori Sistemik A dan Konglomerasi,                                           the Company is required to prepare a Contingency Plan.
Perusahaan wajib menyusun Contingency Plan.

Pedoman Rencana Darurat Contingency Plan) Jasa Marga                                       The Jasa Marga Contingency Plan guidelines explain how
menjelaskan bagaimana Perusahaan berencana mengatasi                                        the Company plans to overcome financial pressures in
tekanan keuangan apabila krisis terjadi. Contingency Plan                                   the event of a crisis. This Contingency Plan provides a
ini mendeskripsikan perihal gambaran umum Perusahaan,                                       general overview of the Company, including its condition


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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




termasuk kondisi dan profil Perusahaan, jaringan kantor               and profile, office and subsidiary networks, subsidiary
dan anak perusahaan, struktur korporasi anak perusahaan,              corporate structure, business relationships, and stress-
keterkaitan usaha, analisis skenario dampak kondisi stress.           scenario impact analysis. In determining scenarios under
Dalam penentuan skenario dalam kondisi stress Perusahaan              stress conditions, the Company uses analyses that occur
menggunakan analisis yang terjadi baik secara eksternal               both externally, domestically, and internationally (market-
yang bersifat domestik maupun internasional (market-wide              wide shock), as well as individually (idiosyncratic) to the
shock) maupun secara individu (idiosyncratic) terhadap                Company’s business conditions.
kondisi bisnis Perusahaan.

Contingency Plan ini juga mendeskripsikan indikator yang              This Contingency Plan also describes the indicators used
digunakan dalam rencana aksi (recovery plan), pemicu                  in the action plan (recovery plan), trigger levels, review of
terjadinya tingkat kedaruratan (trigger level), kajian opsi           recovery options, assessment of the feasibility of recovery
pemulihan, penilaian kelayakan opsi pemulihan, penetapan              options, determination of recovery options and determination
opsi pemulihan dan menetapkan opsi resolusi untuk                     of resolution options for handling or settlement when the
penanganan atau penyelesaian saat Perusahaan dalam                    Company is in a state of default or bankruptcy, as well as
kondisi gagal (default) atau pailit, juga dilengkapi analisis         an analysis of potential obstacles to the implementation of
potensi hambatan pelaksanaan opsi pemulihan dan opsi                  recovery options and resolution options.
resolusi.


Pernyataan atas Kecukupan Sistem                                      Statement to Risk Management System
Manajemen Risiko                                                      Adequacy

Sistem Manajemen Risiko PT Jasa Marga (Persero)                       The Risk Management System of PT Jasa Marga (Persero)
Tbk didesain untuk mendukung pengelolaan bisnis dan                   Tbk is designed to support robust business management
pencapaian pertumbuhan secara berkesinambungan                        and the achievement of sustainable growth, in accordance
berdasarkan Surat Keputusan Bersama Dewan Komisaris                   with the Joint Decree of the Board of Commissioners
dan Direksi Nomor: KEP-183/XI/2024 dan Nomor: 227/                    and the Board of Directors Number: KEP-183/XI/2024
KPTS/2024 Tanggal 12 November 2024 tentang Kebijakan                  and Number: 227/KPTS/2024, dated 12 November 2024,
dan Pedoman Manajemen Risiko berdasarkan pada ISO                     regarding Risk Management Policies and Guidelines based
31000:2018.                                                           on ISO 31000:2018.

Perseroan telah menerapkan Sistem Manajemen Risiko                    The Company has implemented a comprehensive and
secara komprehensif dan terintegrasi di seluruh lini                  integrated Risk Management System across all organisational
organisasi sesuai dengan pendekatan Three Lines Model,                levels, aligned with the 'Three Lines Model' approach, which
yang menegaskan peran dan tanggung jawab masing-                      clearly delineates the roles and responsibilities of each line
masing lini dalam pengelolaan dan pengawasan atas risiko.             in the management and oversight of risk. The execution of
Pelaksanaan Manajemen Risiko didukung oleh pengawasan                 risk management is underpinned by the active supervision
aktif Direksi dan Dewan Komisaris, kebijakan, pedoman,                of the Board of Directors and the Board of Commissioners,
dan prosedur manajemen risiko, penetapan strategi risiko,             established risk management policies, guidelines and
serta proses identifikasi dan pengendalian risiko yang                procedures, defined risk strategies, and a continuous
berkesinambungan.                                                     process of risk identification and control.

Berdasarkan evaluasi berkala yang dilakukan terhadap                  Based on periodic evaluations conducted on the application
penerapan Sistem Manajemen Risiko, termasuk pengukuran                of the Risk Management System, including assessments of
Risk Maturity Index dan instrumen pendukung lainnya,                  the Risk Maturity Index and other supporting instruments,
Direksi dan Dewan Komisaris menyatakan bahwa Sistem                   the Board of Directors and the Board of Commissioners
Manajemen Risiko PT Jasa Marga (Persero) Tbk telah                    affirm that the Risk Management System of PT Jasa Marga
dijalankan sesuai dengan kerangka dan fungsinya serta                 (Persero) Tbk has been operated in accordance with
dinilai memadai dalam mendukung pencapaian tujuan                     its framework and functions. Furthermore, it is deemed
Perseroan secara berkelanjutan dan memberikan nilai                   adequate to support the sustainable achievement of the
tambah bagi seluruh pemangku kepentingan. Komitmen                    Company’s objectives and to deliver added value to all
untuk terus menyempurnakan Sistem Manajemen Risiko akan               stakeholders. Our commitment to the continuous refinement
dilaksanakan dengan mempertimbangkan perkembangan                     of the Risk Management System will be pursued by taking
regulasi dan praktik terbaik di industri agar Perseroan tetap         into account regulatory developments and industry best
kompetitif dan mampu mengelola risiko secara efektif.                 practices, ensuring the Company remains competitive and
                                                                      capable of managing risks effectively.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                             731
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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Sistem Pengendalian Internal
Internal Control System

Penerapan sistem pengendalian internal yang dilakukan               Jasa Marga's implementation of the internal control system
oleh Jasa Marga mengacu pada Pasal 28 Peraturan                     is in accordance with Article 28 of the Minister of SOE
Menteri BUMN No. PER-2/MBU/03/2023 tentang Pedoman                  Regulation No. PER- 2/MBU/03/2023 on Guidelines for
Tata Kelola dan Kegiatan Korporasi Signifikan Badan                 Corporate Governance and Significant Corporate Activities
Usaha Milik Negara. Melalui Keputusan Direksi No. 85/               of State-Owned Enterprises. Through Board of Directors
KPTS/2020 tentang Pedoman Tata Kelola Perusahaan                    Decree No. 85/KPTS/2020 on the Corporate Governance
(Code of Corporate Governance) PT Jasa Marga (Persero)              Code of PT Jasa Marga (Persero) Tbk, the implementation
Tbk, ditetapkan pelaksanaan Sistem Pengendalian Internal            of the Company's Internal Control System (SPIP) was
Perusahaan (SPIP) yang merupakan proses yang integral               established, which is an integral process in the actions and
pada tindakan dan kegiatan yang dilakukan secara terus-             activities carried out continuously by management and
menerus oleh pimpinan dan seluruh karyawan untuk                    all employees to provide reasonable assurance that the
memberikan keyakinan memadai atas tercapainya tujuan                organization's objectives are achieved through effective
organisasi melalui kegiatan yang efektif dan efisien,               and efficient, reliable financial reporting, safeguarding
keandalan pelaporan keuangan, pengamanan aset Perseroan             of the Company's assets, and compliance with laws and
dan ketaatan terhadap peraturan perundang-undangan.                 regulations.

Sistem Pengendalian Internal Perseroan terdiri atas unsur-          The Company's Internal Control System consists of the
unsur sebagai berikut:                                              following elements:
1. Lingkungan pengendalian;                                         1. Control environment;
2. Penilaian risiko;                                                2. Risk assessment;
3. Kegiatan pengendalian;                                           3. Control activities;
4. Informasi dan komunikasi; dan                                    4. Information and communication; and
5. Pemantauan pengendalian internal.                                5. Internal control monitoring.

Penerapan kelima unsur tersebut dilaksanakan menyatu                The implementation of these five elements is carried out
serta menjadi bagian integral dari akuntabilitas seluruh            in an integrated manner and forms an integral part of the
kegiatan Perseroan.                                                 accountability of all of the Company's activities.
1. Kegiatan Pengendalian terdiri dari:                              1. Control activities consist of:
    a. Review atas kinerja Perseroan;                                   a. Review of the Company's performance;
    b. Pembinaan sumber daya manusia;                                   b. Human resource development;
    c. Pengendalian atas pengelolaan sistem informasi;                  c. Control over information system management;
    d. Pengendalian fisik atas aset;                                    d. Physical control over assets;
    e. Penetapan dan review atas indikator dan ukuran                   e. Establishment and review of performance indicators
        kinerja;                                                            and measures;
    f. Pemisahan fungsi;                                                f. Separation of duties;
    g. Otorisasi atas transaksi dan kejadian yang penting;              g. Authorization of important transactions and events;
    h. Pencatatan yang akurat dan tepat waktu atas                      h. Accurate and timely recording of transactions and
        transaksi dan kejadian;                                             events;
    i. Pembatasan akses atas sumber daya dan                            i. Restriction of access to resources and their
        pencatatannya;                                                      recording;
    j. Akuntabilitas     terhadap     sumber     daya   dan             j. Accountability for resources and their recording; and
        pencatatannya; dan
    k. Dokumentasi yang baik atas sistem pengendalian                  k. Proper documentation of internal control systems
        intern serta transaksi dan kejadian penting.                        and important transactions and events.
2. Direksi wajib menetapkan suatu sistem pengendalian               2. The Board of Directors is required to establish an
    internal yang efektif untuk mengamankan investasi dan              effective internal control system to secure the
    aset Perusahaan, antara lain: mencakup lingkungan                  Company's investments and assets, including: covering
    pengendalian, pengkajian, dan pengelolaan risiko                   the control environment, assessment and management
    aktivitas pengendalian, sistem informasi dan komunikasi            of control activity risks, information and communication
    serta monitoring.                                                  systems, and monitoring.
3. Internal Audit membantu Direktur Utama dalam                     3. Internal Audit assists the President Director in
    melaksanakan audit intern keuangan Perseroan dan                   conducting internal audits of the Company's finances
    operasional Perseroan serta menilai pengendalian,                  and operations, assessing controls, management, and
    pengelolaan dan pelaksanannya serta memberikan                     implementation, as well as providing recommendations
    saran-saran perbaikan.                                             for improvement.




732                                                                     Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan     Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility      Reference of POJK, SEOJK, and ARA Criteria




4. Direksi menindaklanjuti laporan hasil audit Internal Audit.          4. The Board of Directors follows up on the Internal Audit
                                                                           report.
5. Komite Audit menilai pelaksanaan kegiatan serta hasil                5. The Audit Committee assesses the implementation
   audit yang dilakukan oleh Internal Audit, memberikan                    of Internal Audit activities and audit results, provides
   rekomendasi penyempurnaan sistem pengendalian                           recommendations to improve the management control
   manajemen, memastikan telah terdapatnya prosedur                        system, ensures that there are satisfactory review
   review yang memuaskan terhadap segala informasi yang                    procedures for all information issued by the Company,
   dikeluarkan Perseroan serta mengidentifikasi hal-hal                    and identifies matters that require the attention of the
   yang memerlukan perhatian Dewan Komisaris.                              Board of Commissioners.


Lingkungan Pengendalian                                                 Control Environment
Lingkungan pengendalian dalam perusahaan yang                           The control environment within the company is implemented
dilaksanakan dengan disiplin dan terstruktur, terdiri dari:             in a disciplined and structured manner, consisting of:
1. Integritas, nilai etika, dan kompetensi karyawan;                    1. Integrity, ethical values, and employee competence;
2. Filosofi dan gaya manajemen;                                         2. Management philosophy and style;
3. Cara yang ditempuh manajemen dalam melaksanakan                      3. The manner in which management exercises its authority
    kewenangan dan tanggung jawabnya;                                       and responsibilities;
4. Pengorganisasian dan pengembangan sumber daya                        4. Organization and development of human resources; and
    manusia; dan
5. Perhatian dan arahan yang dilakukan oleh Direksi.                    5. Attention and guidance provided by the Board of
                                                                           Directors.


Penilaian Risiko                                                        Risk Assessment
Penilaian terhadap pengelolaan risiko adalah suatu                      Risk assessment is the process of identifying, analyzing,
proses untuk mengidentifikasi, menganalisis dan menilai                 and evaluating relevant risk management.
pengelolaan risiko yang relevan.

Penjelasan terinci tentang penilaian risiko telah disajikan             A detailed explanation of risk assessment is presented in
pada bagian Manajemen Risiko di Bab Tata Kelola                         the Risk Management section of the Corporate Governance
Perusahaan dalam Laporan Tahunan ini.                                   chapter in this Annual Report.


Kegiatan Pengendalian                                                   Control Activities
Kegiatan Pengendalian adalah tindakan yang dilakukan                    Control Activities are actions taken in a control process
dalam suatu proses pengendalian terhadap kegiatan                       over company activities at every level and unit within the
perusahaan pada setiap tingkat dan unit dalam struktur                  Company’s organizational structure, including those related
organisasi Perseroan, antara lain mengenai kewenangan,                  to authority, authorization, verification, reconciliation,
otorisasi, verifikasi, rekonsiliasi, penilaian atas prestasi kerja,     performance appraisal, division of duties, and security of
pembagian tugas, dan keamanan terhadap aset Perseroan.                  the Company’s assets.


Informasi dan Komunikasi                                                Information and Communication
Sistem informasi dan komunikasi, adalah suatu proses                    Information and communication systems are used to report
penyajian laporan mengenai kegiatan operasional, finansial,             on the Company’s operational and financial activities, as well
serta ketaatan dan kepatuhan terhadap ketentuan peraturan               as its compliance with laws and regulations.
perundang-undangan oleh Perseroan.


Pemantauan Pengendalian Internal                                        Internal Control Monitoring
Pemantauan Pengendalian Internal adalah proses penilaian                Internal Control Monitoring is the process of assessing the
terhadap kualitas sistem pengendalian internal, termasuk                quality of the internal control system, including the internal
fungsi internal audit pada setiap tingkat dan unit dalam                audit function at every level and unit within the Company’s
struktur organisasi Perseroan, sehingga dapat dilaksanakan              organizational structure, to ensure optimal implementation.
secara optimal.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                              733
Page 734
01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Kesesuaian Sistem Pengendalian Internal                             Internal Control System Compliance to
dan Kerangka COSO (Internal Control                                 COSO Framework
Framework)
Sistem Pengendalian Internal di Perseroan mengadopsi                The Company’s Internal Control System adopts the concept
konsep Committee of Sponsoring Organizations COSO) of              of the Committee of Sponsoring Organizations (COSO) of the
the Treadway Commision yang terdiri dari 5 (lima) komponen          Treadway Commission, which consists of five components
Sistem Pengendalian Internal yang efektif:                          of an effective Internal Control System:
1. Lingkungan Pengendalian (Control Environment).                   1. Control Environment.
2. Penilaian Risiko (Risk Assessment).                              2. Risk Assessment.
3. Kegiatan Pengendalian (Control Activites).                       3. Control Activities.
4. Informasi     dan     Komunikasi    (Information    and          4. Information and Communication.
    Communication).
5. Pemantauan Pengendalian Intern (Monitoring).                     5. Internal Control Monitoring.


Review Pelaksanaan Sistem Pengendalian                              Review of Internal Control System
Intern                                                              Implementation
Dari Laporan-laporan Hasil Audit yang kemudian                      From the Audit Reports, which are then grouped by the
dikelompokkan sesuai dengan kategori sasaran (objectives)           objectives and components of the Company’s Internal
dan komponen dalam Sistem Pengendalian Internal                     Control System and the COSO framework, periodic annual
Perusahaan dan kerangka COSO, dilakukan analisis                    analyses are conducted to identify components that require
secara periodik tahunan sehingga dengan demikian dapat              improvement. The audit results are also analyzed to assess
dilakukan peningkatan untuk komponen-komponen yang                  the effectiveness of achieving the Company’s Internal
memerlukannya. Analisis Hasil Audit tersebut juga dilakukan         Control System objectives (the Company’s operations,
untuk mengukur keefektifan dari pencapaian sasaran Sistem           the accuracy/reliability of the Company’s reports, and
Pengendalian Internal Perusahaan (operasional Perseroan,            compliance with applicable laws and regulations).
keakurasian/keandalan laporan-laporan Perseroan, serta
kepatuhan terhadap peraturan dan perundangan yang
berlaku).

Perseroan    juga    telah    melakukan    pengendalian             The Company has also implemented internal control
internal kepatuhan atas pengendalian internal dan                   compliance, in accordance with internal control and
perundangundangan yang dilakukan oleh Kantor akuntan                legislation, carried out by the public accounting firm Amir
Publik Amir Abadi Jusuf, Aryanto, Mawar dan Rekan (RSM              Abadi Jusuf, Aryanto, Mawar & Partners (RSM Indonesia).
Indonesia).


Efektivitas Sistem Pengendalian Internal                            Internal Control System Effectiveness
Pengendalian internal adalah suatu proses yang melibatkan           Internal control is a process involving the Board of
Dewan Komisaris, manajemen, dan personil lain, yang                 Commissioners, management, and other personnel,
dirancang untuk memberikan keyakinan memadai                        designed to provide reasonable assurance regarding the
tercapainya efektivitas dan efisiensi operasi dan keandalan         effectiveness and efficiency of operations, the reliability
pelaporan serta kepatuhan terhadap hukum dan peraturan              of reporting, and compliance with applicable laws and
yang berlaku. Penerapan sistem pengendalian internal                regulations. Jasa Marga’s implementation of the internal
yang dilakukan oleh Jasa Marga mengacu pada Pasal 28                control system refers to Article 28 of the Minister of SOE
Peraturan Menteri BUMN No. PER-2/MBU/03/2023 tentang                Regulation No. PER-2/MBU/03/2023 on Guidelines for
Pedoman Tata Kelola dan Kegiatan Korporasi Signifikan               Corporate Governance and Significant Corporate Activities
Badan Usaha Milik Negara.                                           of State-Owned Enterprises.


Pernyataan Kecukupan Sistem                                         Statement of Internal Control System
Pengendalian Internal                                               Adequacy
Melalui Keputusan Direksi No. 85/KPTS/2020 tentang                  Through Board of Directors Decree No. 85/KPTS/2020 on
Pedoman Tata Kelola Perusahaan (Code of Corporate                   the Corporate Governance Code PT Jasa Marga (Persero)
Governance) PT Jasa Marga (Persero) Tbk, ditetapkan                 Tbk, the implementation of the Company’s Internal Control
pelaksanaan Sistem Pengendalian Internal Perusahaan                 System (SPIP) has been established, which is an integral
(SPIP) yang merupakan proses yang integral pada tindakan            process in the actions and activities carried out continuously
dan kegiatan yang dilakukan secara terus menerus oleh               by management and all employees to provide adequate
pimpinan dan seluruh karyawan untuk memberikan                      assurance of the achievement of organizational objectives
keyakinan memadai atas tercapainya tujuan organisasi                through effective and efficient activities, reliability of
melalui kegiatan yang efektif dan efisien, keandalan                financial reporting, security of the Company’s assets, and
pelaporan keuangan, pengamanan aset Perseroan dan                   compliance with laws and regulations.
ketaatan terhadap peraturan perundang-undangan.



734                                                                      Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 735
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Kebijakan Pemberian Kompensasi
Jangka Panjang Berbasis Kinerja
Performance-Based Long-Term Compensation Policy

Perseroan memiliki kebijakan pemberian kompensasi                     The Company has a performance-based long-term
jangka panjang berbasis kinerja berdasarkan Keputusan                 compensation policy, as outlined in Board of Directors
Direksi No. 110/KPTS/2019 tentang Sistem Total Reward                 Decree No. 110/KPTS/2019 on the Employee Total Reward
Karyawan. Mengacu pada Keputusan Direksi dimaksud,                    System. Referring to the aforementioned Board of Directors'
berdasarkan filosofi reward, untuk meningkatkan keadilan              Decree, based on the reward philosophy, to improve
dalam pengelolaan Total Reward maka penetapan reward                  fairness in Total Reward management, one of the reward
salah satunya adalah dengan filosofi Long to Long, artinya            determinations is based on the Long to Long philosophy,
pemberian reward yang bersifat jangka panjang berdasarkan             which means that long-term rewards are given based
kinerja jangka panjang baik pada masa sebelumnya atau                 on long-term performance, both in the past and in future
proyeksi ke depan.                                                    projections.

Selain itu, Perseroan juga memiliki Program Kepemilikan               Additionally, the Company has an Employee Stock
Saham oleh Karyawan dan/atau Manajamen (Employee                      Ownership Program (ESOP) and/or Management Stock
Stock Ownership Program/Management Stock Ownership                    Ownership Program (MSOP).
Program).




Perkara Hukum
Legal Issues

Selama tahun 2025, Jasa Marga menghadapi sejumlah                     Throughout 2025, Jasa Marga faced several important
perkara penting berupa permasalahan hukum perdata dan                 cases involving civil and criminal legal issues, both those
pidana, baik yang telah selesai (telah mempunyai kekuatan             that have been resolved (have permanent legal force) and
hukum yang tetap) maupun yang masih dalam proses                      those that are still in the process of being resolved, with the
penyelesaian dengan rincian sebagai berikut:                          following details:

Tabel Perkara Penting di Tahun 2025
Table of Significant Cases in 2025


                                                                                                                 Jumlah
                                       Permasalahan Hukum                                                         Total
  No.                                      Legal Cases
                                                                                                       Perdata            Pidana
                                                                                                        Civil             Criminal
         Telah mendapatkan putusan yang mempunyai kekuatan hukum tetap inckracht status
   1.                                                                                                      13                0
         Obtained a decision that has permanent legal force (inckracht status)

         Dalam proses penyelesaian
   2.                                                                                                       9                0
         Ongoing Settlement Process

 Total                                                                                                     22                0



Selama tiga tahun terakhir, tidak pernah terdapat kasus               Over the past three years, there have been no cases of
ketidakpatuhan terhadap hukum, aturan, dan peraturan                  non-compliance with laws, rules, and regulations relating to
berkaitan dengan transaksi pihak berelasi yang signifikan             significant or material related party transactions.
atau material.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                 735
Page 736
01                                02                           03                        04                                             05
Ikhtisar Kinerja Utama            Laporan Manajemen            Profil Perusahaan          Analisa dan Pembahasan Manajemen               Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report            Company Profile            Management Discussion and Analysis             Business Support Functions




Perkara Penting yang Dihadapi Perseroan                                             Important Cases Faced by the Company
Beberapa permasalahan hukum yang dihadapi Perseroan                                 Several legal cases faced by the Company in 2025 can be
pada tahun 2025 dapat dilihat pada tabel berikut:                                   seen in the following table:

Perkara Perdata                                                                     Civil Cases

Tabel Perkara Perdata yang Dihadapi Perseroan Tahun 2025
Table of Civil Cases Faced by the Company in 2025

                                                              Pengaruh terhadap                                              Sanksi yang
          Pokok Perkara/
                                 Status Penyelesaian          Kondisi Perseroan            Upaya Manajemen                    dikenakan          Nilai Perkara
 No.         Gugatan
                                  Settlement Status              Impact to the             Management’s Plan                   Imposed            Case Value
           Case/Lawsuit
                                                                   Company                                                     Sanction
  1.    Gugatan Perbuatan      Perkara sudah diputus pada     Tidak ada pengaruh        Jasa Marga mengikuti             Ganti rugi          Materiil:
        Melawan Hukum          tingkat banding (Pengadilan    signifikan terhadap       jalannya persidangan sebagai     Compensation        Rp18.615.000.000,-
        yang diajukan          Tinggi Bandung) dengan         kondisi Perseroan.        Tergugat dan Terbanding                              Material:
        oleh Bram Winata       amar putusan menguatkan        There was no              serta melakukan koordinasi                           Rp18,615,000,000
        (sengketa tanah).      Putusan Pengadilan Negeri      significant impact        dengan Kementerian
        Lawsuit for Unlawful   Purwakarta dengan amar         on the Company's          Pekerjaan Umum selaku
        Acts, filed by         putusan gugatan penggugat      Condition.                pemilik tanah.
        Bram Winata (land      tidak diterima (Niet                                     Jasa Marga participated in
        dispute).              Ontvantkelijk Verklaard).                                the trial as the Defendant and
                               The case has been decided                                Respondent and coordinated
                               at the appeal level (Bandung                             with the Ministry of Public
                               High Court) with a verdict                               Works as the landowner.
                               upholding the Purwakarta
                               District Court's verdict
                               that the plaintiff's lawsuit
                               was not accepted (Niet
                               Ontvantkelijk Verklaard).

  2.    Gugatan Perbuatan      Perkara masih berjalan         Tidak ada pengaruh        Jasa Marga mengikuti             Ganti rugi          Materiil:
        Melawan Hukum          dan diperiksa pada             signifikan terhadap       jalannya persidangan sebagai     Compensation        Rp18.669.000.000,-
        yang diajukan oleh     tingkat Pengadilan Negeri      kondisi Perseroan.        Tergugat dan Terbanding                              Material:
        Yani Susilawati        Purwakarta.                    There was no              serta melakukan koordinasi                           Rp18.669.000.000,-
        (sengketa tanah).      The case is still ongoing      significant impact        dengan Kementerian
        Lawsuit for Unlawful   and is being examined          on the Company's          Pekerjaan Umum selaku
        Acts, filed by Yani    at the Purwakarta District     condition.                pemilik tanah.
        Susilawati (land       Court.                                                   Jasa Marga participated in
        dispute).                                                                       the trial as the Defendant and
                                                                                        Respondent and coordinated
                                                                                        with the Ministry of Public
                                                                                        Works as the landowner.

  3.    Gugatan Perbuatan      Perkara sudah diputus pada     Tidak ada pengaruh        Jasa Marga mengikuti             -                   -
        Melawan Hukum          tingkat Pengadilan Negeri      signifikan terhadap       jalannya persidangan sebagai
        yang diajukan oleh     Jakarta Selatan.               kondisi Perseroan.        Turut Tergugat II sehingga
        Abdul Kadir Al Jufri   The case has been decided      There was no              tidak memiliki kewajiban
        (sengketa tanah).      at the Central Jakarta         significant impact        untuk ikut serta membayar
        Lawsuit for Unlawful   District Court.                on the Company's          uang ganti rugi sebagaimana
        Acts, filed by Abdul                                  condition.                petitum Penggugat.
        Kadir Al Jufri (land                                                            Jasa Marga participated in the
        dispute).                                                                       trial as Co-Defendant II and
                                                                                        therefore had no obligation
                                                                                        to participate in paying
                                                                                        compensation as requested
                                                                                        by the Plaintiff.

  4.    Gugatan Perbuatan      Perkara masih dalam proses     Tidak ada pengaruh        Jasa Marga mengikuti             Ganti Rugi          Materiil:
        Melawan Hukum          banding yang diajukan          signifikan terhadap       jalannya persidangan             Compensation        Rp1.000.000.000,-
        yang diajukan oleh     oleh dr. Yoeswar Darisan di    kondisi Perseroan         sebagai Tergugat dan                                 Imateriil:
        dr. Yoeswar Darisan    Pengadilan Tinggi Bandung.     karena objek perkara      melakukan koordinasi dengan                          Rp5.000.000.000,-
        (sengketa tanah).      The case is under appeal       termasuk ke dalam         Kementerian Pekerjaan Umum
        Lawsuit for Unlawful   process filed by dr. Yoeswar   bidang tanah yang         sebagai Turut Tergugat I                             Material:
        Acts, filed by dr.     Darisan at the Bandung High    telah dibebaskan untuk    selaku pemilik tanah.                                Rp1,000,000,000.-
        Yoeswar Darisan        Court.                         Pembangunan Jalan         Jasa Marga participated in                           Immaterial:
        (land dispute).                                       Tol Jakarta Bogor         the trial as the Defendant                           Rp5,000,000,000,-
                                                              Ciawi (Jagorawi).         and coordinated with the
                                                              There is no significant   Ministry of Public Works
                                                              impact on the             as Co-Defendant I as the
                                                              Company as the            landowner.
                                                              subject matter of the
                                                              case is land that has
                                                              been acquired for the
                                                              construction of the
                                                              Jakarta-Bogor-Ciawi
                                                              (Jagorawi) Toll Road.




736                                                                                     Laporan Tahunan 2025 Annual Report         PT Jasa Marga (Persero) Tbk
Page 737
06                                 07                                            08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan              Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility               Reference of POJK, SEOJK, and ARA Criteria




Tabel Perkara Perdata yang Dihadapi Perseroan Tahun 2025
Table of Civil Cases Faced by the Company in 2025

                                                               Pengaruh terhadap                                              Sanksi yang
        Pokok Perkara/
                                Status Penyelesaian            Kondisi Perseroan            Upaya Manajemen                    dikenakan         Nilai Perkara
 No.       Gugatan
                                 Settlement Status                Impact to the             Management’s Plan                   Imposed           Case Value
         Case/Lawsuit
                                                                    Company                                                     Sanction
  5.   Gugatan Perbuatan      Perkara sudah diperiksa          Tidak ada pengaruh        Jasa Marga telah melakukan      -                   -
       Melawan Hukum          dan diputus pada tingkat         secara langsung dalam     upaya hukum kasasi.
       yang diajukan          kasasi di Mahkamah Agung         pengelolaan atas          Jasa Marga has filed a
       oleh Eucharia          Republik Indonesia namun         jalan tol di area objek   cassation appeal.
       Binti Neneng           Jasa Marga belum menerima        perkara karena kondisi
       Sastramidjaja ke-II    salinan resmi putusan Kasasi     objek perkara saat
       (sengketa tanah).      dimaksud.                        ini telah difungsikan
       Second Lawsuit for     The case has been                menjadi trase Kereta
       Unlawful Acts, filed   examined and decided             Cepat Jakarta-
       by Eucharia Binti      at the cassation level in        Bandung.
       Neneng                 the Supreme Court of the         There is no direct
       Sastramidjaja (land    Republic of Indonesia. Still,    impact on the
       dispute).              Jasa Marga has not yet           management of the toll
                              received an official copy of     road in the case area
                              the cassation decision.          because it has been
                                                               converted into
                                                               The Jakarta- Bandung
                                                               Fast Train route.

  6.   Gugatan Perbuatan      Pokok Perkara sudah              Tidak ada pengaruh        Jasa Marga telah melakukan      Ganti Rugi          Materiil:
       Melawan Hukum          diperiksa dan diputus            signifikan terhadap       koordinasi dengan               secara bersama      Rp9.400.000.000,-
       diajukan oleh Sri      sampai dengan tahapan            kondisi Perseroan.        Kementerian Pekerjaan           sama oleh Para      Material:
       Supartini (sengketa    Peninjauan Kembali dengan        There was no              Umum selaku pemilik tanah       Tergugat (P2T       Rp9,400,000,000.-
       tanah).                amar putusan menyatakan          significant impact        dan Jamdatun dalam rangka       Kabupaten
       Lawsuit for Unlawful   bahwa P2T Kabupaten              on the Company's          pendampingan hukum dan          Tangerang,
       Acts, filed by Sri     Tangerang, Kementerian           condition.                penerima kuasa pelaksanaan      Kementerian
       Supartini (land        Pekerjaan Umum, dan Jasa                                   eksekusi terkait perkara ini.   Pekerjaan Umum,
       dispute).              Marga dihukum membayar                                     Jasa Marga has coordinated      dan Jasa Marga).
                              ganti rugi. Jasa Marga                                     with the Ministry of Public     Joint
                              sudah mengajukan upaya                                     Works as the landowner and      compensation by
                              hukum perlawanan terhadap                                  Jamdatun in the context of      the Defendants
                              eksekusi dan sudah diputus                                 legal assistance and power      (P2T Tangerang
                              sampai dengan tahapan                                      of attorney for the execution   Regency, Ministry
                              Peninjauan Kembali dengan                                  related to this case.           of Public Works,
                              hasil upaya perlawanan                                                                     and Jasa Marga).
                              ditolak.
                              The case has been
                              examined and decided up
                              to the Review stage, with
                              the verdict stating that P2T
                              Tangerang Regency, the
                              Ministry of Public Works,
                              and Jasa Marga are ordered
                              to pay compensation. Jasa
                              Marga has filed a legal
                              appeal against the execution
                              and has been decided up to
                              the Review stage, with the
                              result that the appeal was
                              rejected.

  7.   Gugatan Perbuatan      Perkara sudah diputus pada       Tidak ada pengaruh        Jasa Marga telah                Jasa Marga          Rp178.850.000,-
       Melawan Hukum          tingkat pertama, tingkat         signifikan terhadap       memenangkan perkara pada        secara bersama
       diajukan oleh Budi     banding, dan kasasi yang         kondisi Perseroan.        tingkat pertama, tingkat        sama dengan
       Yulianor ke-2.         pada seluruh amarnya             There was no              banding, dan kasasi.            Para Tergugat
       Second Lawsuit for     memenangkan Jasa                 significant impact        Jasa Marga won                  lainnya
       Unlawful Acts, filed   Marga. Untuk itu, Perkara        on the Company's          the case at the first           membayar ganti
       by Budi Yulianor.      sebagaimana dimaksud             condition.                instance, appeal, and           rugi.
                              telah berstatus Inkracht                                   cassation levels.               Jasa Marga,
                              dengan Putusan No. 3205/K/                                                                 together with
                              PDT/2024 Jo. 605/Pdt/2023/                                                                 the other
                              PT.DKI Jo. No.355/Pdt.G                                                                    defendants, paid
                              /2021/PN.JKT.                                                                              compensation.
                              The case has been decided
                              at the first instance, appeal,
                              and cassation levels, with
                              Jasa Marga winning all
                              three. Therefore, the case
                              in question has attained
                              the Inkracht status with
                              Judgment No. 3205/K /
                              PDT/2024 Jo. 605/Pdt/
                              2023/PT.DKI Jo. No.355/
                              Pdt.G/2021/PN.JKT.


PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                                                       737
Page 738
01                                  02                            03                        04                                            05
Ikhtisar Kinerja Utama              Laporan Manajemen             Profil Perusahaan          Analisa dan Pembahasan Manajemen              Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report             Company Profile            Management Discussion and Analysis            Business Support Functions




Tabel Perkara Perdata yang Dihadapi Perseroan Tahun 2025
Table of Civil Cases Faced by the Company in 2025

                                                                 Pengaruh terhadap                                             Sanksi yang
          Pokok Perkara/
                                   Status Penyelesaian           Kondisi Perseroan            Upaya Manajemen                   dikenakan          Nilai Perkara
 No.         Gugatan
                                    Settlement Status               Impact to the             Management’s Plan                  Imposed            Case Value
           Case/Lawsuit
                                                                      Company                                                    Sanction
  8.    Gugatan perbuatan        Perkara sudah diputus pada      Tidak ada pengaruh        Jasa Marga berkoordinasi        Ganti rugi          Materiil:
        melawan hukum            tahapan Peninjauan Kembali      signifikan terhadap       dengan Kementerian              Compensation        Rp13.505.000.000,-
        yang diajukan oleh       (Kementerian Pekerjaan          kondisi Perseroan.        Pekerjaan Umum terkait                              Material:
        Mustafa Rachman          Umum dan Jasa Marga kalah       There was no              upaya hukum baru yakni                              Rp13,505,000,000.-
        (sengketa tanah).        dan dihukum membayar            significant impact        Peninjauan Kembali kedua
        Lawsuit for unlawful     ganti rugi). Kementerian        on the Company's          yang akan diajukan oleh
        acts, filed by Mustafa   Pekerjaan Umum akan             condition.                Kementerian Pekerjaan Umum
        Rachman (land            mengajukan Peninjauan                                     selaku pemilik tanah.
        dispute).                Kembali Kedua.                                            Jasa Marga is coordinating
                                 The case has been decided                                 with the Ministry of Public
                                 at the Review stage (the                                  Works regarding legal action
                                 Ministry of Public Works                                  to be taken by the Ministry
                                 and Jasa Marga lost and                                   of Public Works as the
                                 were ordered to pay                                       landowner.
                                 compensation). The
                                 Ministry of Public Works will
                                 file a Second Review.




  9.    Gugatan perbuatan        Perkara masih berjalan          Tidak ada pengaruh        Jasa Marga mengikuti            -                   -
        melawan hukum oleh       dan diperiksa pada tingkat      signifikan terhadap       jalannya persidangan sebagai
        Sariyati Puspita, dkk    Pengadilan Negeri Cikarang.     kondisi Perseroan.        Turut Tergugat III sehingga
        di Pengadilan Negeri     The case is still ongoing       There was no              tidak memiliki kewajiban
        Cikarang (sengketa       and is being examined           significant impact        untuk ikut serta membayar
        tanah).                  at the Cikarang District        on the Company's          uang ganti rugi sebagaimana
        Gugatan perbuatan        Court.                          Condition.                petitum Penggugat.
        melawan hukum oleh                                                                 Jasa Marga participated in
        Sariyati Puspita, dkk                                                              the trial as Co-Defendant III
        di Pengadilan Negeri                                                               and therefore had no
        Cikarang (sengketa                                                                 obligation to participate in
        tanah).                                                                            paying compensation as
                                                                                           requested by the Plaintiff.




Perkara Pidana                                                                         Criminal Cases

Selama periode tahun 2025, tidak terdapat perkara pidana                               Throughout 2025, there were no criminal cases or corporate
atau tindak pidana korporasi yang melibatkan Perseroan.                                crimes involving the Company.


Informasi Tentang Sanksi Administratif                                                 Information on Administrative Sanctions
Selama tahun 2025, tidak terdapat sanksi administrative                                In 2025, there were no material administrative sanctions
material yang mempengaruhi kelangsungan usaha Jasa Marga                               that affected the continuity of Jasa Marga’s business, nor
dan juga tidak terdapat sanksi administratif yang dikenakan                            were any imposed on members of the Board of Directors or
kepada anggota Direksi maupun anggota Dewan Komisaris.                                 the Board of Commissioners.

Selama tahun 2025, Perseroan tidak melakukan pelanggaran                               In 2025, the Company did not commit any legal violations
hukum apa pun (yang berkaitan dengan masalah                                           (related to labor, employment, consumer, bankruptcy,
perburuhan, ketenagakerjaan, konsumen, kepailitan,                                     commercial, competition or environmental issues), did
komersial, persaingan atau lingkungan), tidak mendapatkan                              not receive sanctions from regulators for failing to make
sanksi dari regulator karena tidak membuat pengumuman                                  announcements within the specified time frame for material
dalam jangka waktu yang ditentukan untuk peristiwa penting                             events, and there is no evidence that the Company has
(material event) dan tidak ada bukti bahwa Perseroan belum                             failed to comply with listing rules and regulations over the
mematuhi peraturan dan peraturan pencatatan selama                                     past year other than disclosure rules.
setahun terakhir selain dari aturan pengungkapan.




738                                                                                        Laporan Tahunan 2025 Annual Report        PT Jasa Marga (Persero) Tbk
Page 739
06                               07                                  08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan    Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility     Reference of POJK, SEOJK, and ARA Criteria




Informasi Tentang Sanksi Perkara Pajak                                 Information on Tax Case Sanctions
Selama 3 (tiga) tahun terakhir, terhitung sejak awal tahun             Over the past three years, from the beginning of 2023 to
2023 sampai dengan akhir 2025, Perseroan tidak pernah                  the end of 2025, the Company has never received a guilty
memperoleh putusan bersalah dari pengadilan pajak                      verdict from the highest tax court in any tax or tax-dispute
tertinggi berkaitan dengan pajak maupun sengketa pajak.                case.



Dampak Permasalahan Hukum Terhadap                                     Legal Issues Impact on the Company
Perseroan
Dampak permasalahan hukum perdata yang diterima Jasa                   The impact of civil legal issues faced by Jasa Marga through
Marga melalui proses hukum antara lain adanya potensi                  legal proceedings includes the potential obligation to pay
kewajiban bayar atas ganti kerugian/tuntutan yang diajukan             compensation/claims arising from such issues, but the
dalam permasalahan hukum tersebut, namun Perseroan                     Company will endeavor to implement appropriate mitigation
akan berupaya untuk melakukan proses mitigasi yang tepat               measures to avoid such impact.
agar dampak tersebut dapat dihindari.



Permasalahan Hukum yang Sedang                                         Legal Cases involving the Board of
Dihadapi Dewan Komisaris dan Direksi                                   Commissioners and Board of Directors
Selama periode tahun 2025, tidak ada anggota Direksi dan               In 2025, no members of the Board of Directors and Board of
Dewan Komisaris Jasa Marga yang sedang menjabat yang                   Commissioners of Jasa Marga currently in office have any
memiliki permasalahan hukum, baik perdata maupun pidana.               legal issues, either civil or criminal.



Perkara Penting yang Dihadapi Entitas                                  Important Cases involving Subsidiaries
Anak dan Entitas Ventura Bersama                                       and Joint Ventures
Permasalahan hukum yang dihadapi Entitas Anak dan                      Legal issues faced by Subsidiaries and Joint Ventures in
Entitas Ventura Bersama selama tahun 2025, dapat dilihat               2025 are shown in the table below.
pada tabel di bawah ini.



Tabel Perkara Penting yang Dihadapi Entitas Anak dan Entitas Ventura Bersama
Table of Important Cases Involving Subsidiaries and Joint Ventures


                                                                               Jumlah
          Entitas Anak dan Entitas Ventura Bersama                             Number                             Hubungan Industrial
  No.            Subsidiary and Joint Venture
                                                                    Perdata                Pidana                  Industrial Relations
                                                                     Civil                 Criminal
   1.    PT Jasamarga Transjawa Tollroad (JTT)                         1                        0                          0

   2.    PT Jasamarga Jogja Bawen (JJB)                                1                        0                          0

 Total                                                                2                         0                          0




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                    739
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01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Kebijakan Pengungkapan Informasi
Information Disclosure Policy

Berdasarkan ketentuan POJK No. 4 Tahun 2024 tentang                 Based on the provisions of POJK No. 4 of 2024 concerning
Laporan Kepemilikan atau Setiap Perubahan Kepemilikan               Reports on Ownership or Any Changes in Ownership of
Saham Perusahaan Terbuka dan Laporan Aktivitas                      Shares of Public Companies and Reports on Activities
Menjaminkan Saham Perusahaan Terbuka, Dewan Komisaris               Securing Shares of Public Companies, the Board of
dan Direksi wajib melaporkan kepada Otoritas Jasa Keuangan          Commissioners and Board of Directors are required
atas kepemilikan dan setiap perubahan kepemilikan saham             to report to the Financial Services Authority on the
Perseroan. Atas ketentuan OJK ini, Perseroaan tunduk                ownership and any changes in ownership of the Company's
dan patuh mengikuti ketentuan yang berlaku, serta                   shares. In accordance with this OJK regulation, the
secara tertib melaporkan kepada OJK terkait kepemilikan             Company complies with and adheres to the applicable
dan setiap perubahan kepemilikan saham yang terjadi.                provisions, and regularly reports to the OJK regarding
                                                                    its share ownership and any changes in share ownership.

Terkait informasi kepemilikan saham Perseroan oleh                  Information regarding the share ownership of the Company
Anggota Dewan Komisaris dan Direksi, sebagaimana wujud              by members of the Board of Commissioners and Board of
pelaksanaan atas kebijakan pengungkapan informasi                   Directors, as a form of implementation of the information
berdasarkan ketentuan POJK No. 4 Tahun 2024 tentang                 disclosure policy based on the provisions of POJK No. 4 of
Laporan Kepemilikan atau Setiap Perubahan Kepemilikan               2024 concerning Reports on Ownership or Any Changes in
Saham Perusahaan Terbuka dan Laporan Aktivitas                      Ownership of Shares of Public Companies and Reports on
Menjaminkan Saham Perusahaan Terbuka, dapat dilihat                 Activities of Pledging Shares of Public Companies, can be
pada Bab Profil Perusahaan dalam buku Laporan Tahunan               found in the Company Profile chapter of this Annual Report.
ini.




Komunikasi dan Akses Informasi
dan Data Perseroan untuk Pemegang Saham
dan Masyarakat
Communication and Access to Company Information
and Data for Shareholders and the Public

Komitmen Jasa Marga dalam menerapkan nilai-nilai GCG,               Jasa Marga is committed to implementing GCG values,
di antaranya melalui keterbukaan informasi dan komunikasi           including transparency in information and communication,
baik secara internal maupun eksternal, baik pemegang                both internally and externally, to shareholders and the
saham maupun masyarakat umum. Pengelolaan dan                       general public. The management and disclosure of
Keterbukaan akan informasi tentang Perseroan sangat                 information about the Company are very important for
penting dalam membangun citra Perseroan di mata publik              building the Company’s image in the public’s eyes, especially
khususnya para stakeholder. Oleh karenanya Perseroan                among stakeholders. Therefore, the Company strives to
berupaya untuk memberikan informasi yang aktual dan                 provide up-to-date and useful information while complying
bermanfaat dengan memperhatikan ketentuan terkait data              with the provisions governing confidential Company data.
Perseroan yang tergolong rahasia.

Sepanjang tahun 2025, selain penyelenggaraan RUPS,                  Throughout 2025, in addition to holding the GMS,
komunikasi dengan pemegang saham yang ada maupun                    communication with existing and potential shareholders,
pemegang saham potensial, baik investor asing maupun                both foreign and domestic investors, was conducted 71
lokal, dilakukan sebanyak 71 (tujuh puluh satu) kali melalui        (seventy-one) times through activities such as One-on-One
kegiatan seperti One-on-One Meeting, Group Meeting,                 Meetings, Group Meetings, Non-Deal Roadshows, Analyst
Non-Deal Roadshow, Analyst Meeting, dan Conference.                 Meetings, and Conferences.




740                                                                     Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 741
06                                 07                                      08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




Public Expose                                                                Public Expose
Sesuai dengan Peraturan Bursa Efek Jakarta No. KEP-                          In accordance with Jakarta Stock Exchange Regulation
306/BEJ/07-2004 Peraturan No. I-E tentang Kewajiban                          No. KEP-306/BEJ/07-2004 Regulation No. I-E on Information
Penyampaian lnformasi, pada tanggal 12 September 2025                        Disclosure Requirements, on September 12, 2025 Jasa
Jasa Marga telah melaksanakan Public Expose Live 2025                        Marga held a Live Public Expose 2025, organized by the
yang diselenggarakan oleh Bursa Efek Indonesia secara                        Indonesia Stock Exchange, digitally via a Zoom webinar.
digital melalui media webinar Zoom Meeting. Perseroan                        The Company invited shareholders and the general
mengundang para pemegang saham dan masyarakat                                public to attend the Jasa Marga Public Expose, which
luas dalam Public Expose Jasa Marga dimaksud yang                            featured speakers from the Company, namely President
menghadirkan narasumber Perseroan yaitu Direktur Utama                       Director Rivan A. Purwantono, Director of Finance and Risk
Rivan A. Purwantono, Direktur Keuangan dan Manajemen                         Management Pramitha Wulanjani, Director of Business
Risiko Pramitha Wulanjani, Direktur Pengembangan                             Development M. Agus Setiawan, and Director of Human
Usaha M. Agus Setiawan, dan Direktur Human Capital dan                       Capital and Transformation Yoga Tri Anggoro.
Transformasi Yoga Tri Anggoro.

Penyelenggaraan Public Expose telah sesuai dengan                            The Public Expose was held in accordance with the
ketentuan Peraturan Bursa Efek Jakarta No. KEP-306/                          provisions of Jakarta Stock Exchange Regulation No.
BEJ/07-2004 Peraturan No. I-E tentang Kewajiban                              KEP-306/BEJ/07-2004 Regulation No. I-E on Information
Penyampaian lnformasi. Rincian mengenai pelaksanaan                          Disclosure Obligations. Details regarding the implementation
Public Expose yang dihadiri para pemegang saham                              of the Public Expose attended by shareholders and the
dan masyarakat ini telah disampaikan dalam Laporan                           public have been submitted in the 2025 Public Expose
Pelaksanaan Public Expose 2025 kepada Bursa Efek                             Implementation Report to the Indonesia Stock Exchange via
Indonesia melalui surat No. AB.HM.02.04.261 tanggal 17                       letter No. AB.HM.02.04.261 dated September 17, 2025 and
September 2025 dan laporan tersebut dapat diakses pada                       the report is accessible on the Indonesia Stock Exchange
situs web Bursa Efek Indonesia dan Perseroan.                                and the Company’s websites.


Korespondensi Perseroan                                                      Company Correspondence
Hubungan surat menyurat Perseroan dengan seluruh                             The Company’s correspondence with all stakeholders is
pemangku kepentingan dilakukan oleh Corporate Secretary                      handled by the Corporate Secretary and Chief Administration
and Chief Administration Officer. Penyediaan informasi                       Officer. Information and communication for Shareholders
dan komunikasi bagi Pemegang Saham dan pemangku                              and stakeholders can be accessed through various means,
kepentingan dapat lebih lanjut diakses melalui banyak cara,                  including:
antara lain:



                                                                      Pusat Informasi Lalu Lintas dan Pelayanan Lainnya
                                                                      Center for Traffic Information and Other Services

                                                                      Jasa Marga Tollroad Command Center

                                                                          One Call Center 24 Jam/Hours: 133

                                                                          Mobile Apps Travoy
                                                                          Official Jasa Marga
  Alamat Kantor Pusat | Head Office Address                               PT Jasa Marga-Persero Tbk
  Plaza Tol Taman Mini Indonesia Indah, Jakarta 13550 Indonesia
                                                                          @official.jasamarga
  Telepon | Phone          : 021 8413630, 021 8413526
  Email | Email            : ppid@jasamarga.co.id                         @official.jasamarga
                             investor.relations@jasamarga.co.id           @PTJASAMARGA (khusus informasi lalu lintas)/(dedicated for traffic Information)
  Situs Web Perusahaan : www.jasamarga.com
                                                                          @OFFICIAL_JSMR (untuk informasi umum lainnya)/(for other general information)
  Company Website




PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                                                  741
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01                             02                       03                       04                                       05
Ikhtisar Kinerja Utama         Laporan Manajemen        Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights     Management Report        Company Profile           Management Discussion and Analysis       Business Support Functions




Kode Etik
Code of Conduct

Dalam pengembangan GCG, Jasa Marga telah merumuskan                        In developing GCG, Jasa Marga has formulated various
berbagai kebijakan yang menyangkut etika Perseroan.                        policies concerning the Company's ethics. Jasa Marga
Jasa Marga mengupayakan penerapan standar etika                            strives to apply the highest ethical standards in all its
terbaik dalam menjalankan segenap aktivitas bisnisnya                      business activities, in accordance with its Vision, Mission,
sesuai dengan Visi, Misi, dan budaya yang dimiliki melalui                 and culture, through the implementation of Business Ethics
implementasi Etika Usaha dan Etika Kerja.                                  and Work Ethics.

Tahun 2025, telah dilakukan penyesuaian-penyesuaian                        In 2025, adjustments were made to various Company
terhadap berbagai kebijakan Perseroan, di antaranya dalam                  policies, including the implementation of SNI ISO 37001 on
rangka penerapan SNI ISO 37001 tentang Sistem Manajemen                    Anti-Bribery Management Systems (SMAP). The Company
Anti Penyuapan (SMAP), Perseroan melakukan penyesuaian                     has made adjustments to the Code of Conduct and has
terhadap Pedoman Perilaku Code of Conduct) dan telah                      approved it through Board of Directors Decree No. 46.1/
dilakukan pengesahan melalui Keputusan Direksi No. 46.1/                   KPTS/2024 on the Code of Conduct of PT Jasa Marga
KPTS/2024 tentang Pedoman Perilaku Code of Conduct)                       (Persero) Tbk.
PT Jasa Marga (Persero) Tbk.


Pokok-Pokok Kode Etik                                                      Key Points of the Code of Conduct
Pedoman perilaku Perseroan mengatur kebijakan nilai-                       The Company’s code of conduct sets out explicit ethical
nilai etis yang dinyatakan secara eksplisit sebagai suatu                  values as standards of behavior that all Jasa Marga
standar perilaku yang harus dipedomani oleh seluruh Insan                  employees must follow.
Jasa Marga.

Pedoman Perilaku Code of Conduct) berisi hal-hal sebagai                  The Code of Conduct contains the following:
berikut:
1. Bab I Ketentuan Umum                                                    1. Chapter I General Provisions
2. Bab II Tata Kelola Perusahaan yang Baik (Good Corporate                 2. Chapter II Good Corporate Governance (GCG)
    Governance) atau GCG
3. Bab III Etika Usaha Perusahaan                                          3.   Chapter III Company Business Ethics
4. Bab IV Etika Kerja Insan Jasa Marga                                     4.   Chapter IV Work Ethics of Jasa Marga Personnel
5. Bab V Penegakan dan Pelaporan                                           5.   Chapter V Enforcement and Reporting
6. Bab VI Ketentuan Lain-Lain                                              6.   Chapter VI Miscellaneous Provisions
7. Bab VII Penutup                                                         7.   Chapter VII Closing


                                        Prinsip-Prinsip Good Corporate Governance (GCG)
                                            Good Corporate Governance (GCG) Principles
     Transparansi (Transparency), Akuntabilitas (Accountability),                    Perilaku Beretika, Transparansi, Akuntabilitas,
  Bertanggung Jawab (Responsibility), Kemandirian (Independency),                                  dan Keberlanjutan
                        Kewajaran (Fairness)                                         Ethical Behavior, Transparency, Accountability,
     Transparency, Accountability, Responsibility, Independence,                                   and Sustainability
                             Fairness

                                                            Pedoman Perilaku
                                                             Code of Conduct
       Berdasarkan Keputusan Direksi No. 46.1/KPTS/2024 tentang Pedoman Perilaku Code of Conduct) PT Jasa Marga (Persero) Tbk.
           Based on the Board of Directors Decree No. 46.1/KPTS/2024 on the Code of Conduct of PT Jasa Marga (Persero) Tbk.

                                                                    Etika
                                                                    Ethics
             Nilai dan norma moral yang menjadi pegangan bagi seseorang atau suatu kelompok dalam mengatur tingkah lakunya.
                    The values and moral norms that serve as a guide for an individual or a group in regulating their behavior.




742                                                                              Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
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06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




                     Etika Usaha Perusahaan                                            Etika Kerja Insan Jasa Marga
                     Corporate Business Ethics                                       Jasa Marga Personnel Work Ethics
 Sistem nilai atau norma yang dijabarkan dari filosofi pendirian     Sistem nilai atau norma yang dianut oleh setiap Pimpinan dan
 Perusahaan dan yang dianut oleh Perusahaan sebagai acuan            Karyawan dalam melaksanakan tugasnya termasuk etika hubungan
 Perusahaan serta manajemennya untuk berhubungan dengan              antar Karyawan dan Perseroan.
 lingkungannya, baik internal maupun eksternal (Stakeholder).        The value system or norms embraced by every Leader and Employee
 A system of values or norms derived from the Company's founding     in carrying out their duties, including the ethics of relationships
 philosophy and adopted by the Company as a reference for the        between Employees and the Company.
 Company and its management in relating to its environment, both
 internal and external (stakeholders).

 1.   Kepatuhan Terhadap Peraturan Perundang Undangan.               1.  Komitmen Insan Jasa Marga.
 2.   Penanganan Gratifikasi dan Manajemen Anti Penyuapan.           2.  Menjaga Nama Baik Perseroan.
 3.   Kepedulian Terhadap Kesehatan dan Keselamatan Kerja.           3.  Menjaga Hubungan Baik antar Insan Jasa Marga.
 4.   Pemberian Kesempatan yang Sama kepada Karyawan untuk           4.  Menjaga Kerahasiaan Perusahaan.
      Mendapatkan Pekerjaan, Promosi dan Pemberhentian Kerja.        5.  Menjaga dan Menggunakan Aset Perseroan.
 5.   Standar Etika dalam Berhubungan dengan Stakeholders:           6.  Menjaga Keselamatan, Kesehatan dan Lingkungan Kerja.
      • Hubungan dengan Insan Jasa Marga.                            7.  Perilaku Asusila, Narkotika, Obat Terlarang, Perjudian dan
      • Hubungan dengan Pemerintah.                                      Merokok.
      • Hubungan dengan Pemegang Saham.                              8. Melakukan Pencatatan Data Perusahaan dan Penyusunan
      • Hubungan dengan Pengguna Jalan Tol dan Pelanggan                 Laporan.
          Lainnya.                                                   9. Menghindari Terjadinya Konflik Kepentingan Pribadi.
      • Hubungan dengan Mitra Usaha                                  10. Insider Trading).
      • Hubungan dengan Pesaing.                                         • Komitmen Penanganan Gratifikasi.
      • Hubungan dengan Kreditur/Investor.                               • Penolakan Gratifikasi.
      • Hubungan dengan Pemasok/Kontraktor.                              • Pemberian Gratifikasi.
      • Hubungan dengan Masyarakat dan Lingkungan Sekitar.           11. Penerimaan Gratifikasi.
      • Hubungan dengan Media Massa.                                 12. Kewajiban Laporan Harta Kekayaan Penyelenggara Negara
      • Hubungan dengan Anak Perusahaan.                                 (LHKPN).
                                                                     13. Tidak Memanfaatkan Posisi untuk Kepentingan Pribadi (Benturan
 1.   Compliance with Laws and Regulations.                              Kepentingan).
 2.   Handling of Gratuities and Anti-Bribery Management.            14. Aktivitas Politik.
 3.   Concern for Occupational Health and Safety.                    15. Hak Atas Kekayaan Intelektual (Intellectual Property Right).
 4.   Equal Opportunity for Employees to Obtain Employment,              • Standar Etika Jajaran Manajemen dan Karyawan.
      Promotion, and Termination of Employment.                          • Perilaku sebagai Atasan terhadao Bawahan.
 5.   Ethical Standards in Relations with Stakeholders:                  • Perilaku sebagai Bawahan terhadap Atasan.
      • Relationships with Jasa Marga Personnel.                         • Perilaku sebagai Rekan Kerja.
      • Relationships with the Government.
      • Relationships with Shareholders.                             1.  Commitment of Jasa Marga Employees.
      • Relationships with Toll Road Users and Other Customers.      2.  Maintaining the Company's Good Name.
      • Relationships with Business Partners.                        3.  Maintaining Good Relations Among Jasa Marga Employees.
      • Relationships with Competitors.                              4.  Maintaining Company Confidentiality.
      • Relationships with Creditors/Investors.                      5.  Maintaining and Using Company Assets.
      • Relationships with Suppliers/Contractors.                    6.  Maintaining Safety, Health, and the Work Environment.
      • Relationships with the Community and the Surrounding         7.  Prohibited Conduct: Immoral Behavior, Narcotics, Illegal Drugs,
          Environment.                                                   Gambling, and Smoking.
      • Relationships with the Media.                                8. Recording Company Data and Preparing Reports.
      • Relationships with Subsidiaries.                             9. Avoiding Personal Conflicts of Interest (Insider Trading).
                                                                     10. Commitment to Handling Gratuities.
                                                                         • Refusal of Gratuities.
                                                                         • Giving Gratuities.
                                                                         • Acceptance of Gratuities.
                                                                     11. Obligation to Report State Officials' Wealth (LHKPN).
                                                                     12. Not Using Position for Personal Gain (Conflict of Interest).
                                                                     13. Political Activities.
                                                                     14. Intellectual Property Rights
                                                                     15. Ethical Standards for Management and Employees.
                                                                         • Behavior as a Supervisor towards Subordinates.
                                                                         • Behavior as a Subordinate towards a Superior.
                                                                         • Behavior as a Colleague.


                                                                      Compliance Disclosure that the Code of
Pengungkapan Kepatuhan bahwa Kode                                     Conduct Applies to All Organizational
Etik Berlaku bagi Seluruh Level Organisasi                            Levels
                                                                      The Code of Conduct has been ratified through Board of
Pedoman Perilaku Code of Conduct) telah disahkan melalui             Directors Decree No. 46.1/KPTS/2024 on the Code of
Keputusan Direksi No. 46.1/KPTS/2024 tentang Pedoman                  Conduct of PT Jasa Marga (Persero) Tbk. This Code of
Perilaku Code of Conduct) PT Jasa Marga (Persero) Tbk.               Conduct applies to all Jasa Marga personnel at all levels
Pedoman Perilaku ini berlaku bagi seluruh Insan Jasa Marga            of the organization, from the Board of Commissioners,



PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                 743
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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




di semua level organisasi, mulai dari Dewan Komisaris,              Board of Directors, employees of the Company, employees
Direksi, karyawan Perseroan, karyawan yang ditugaskan               assigned to Subsidiaries and other agencies, as well as
di Anak Perusahaan dan instansi lainnya, serta personel             other personnel who work directly for and on behalf of the
lain yang secara langsung bekerja untuk dan atas nama               Company.
Perseroan.
                                                                    Signing of Integrity Pact, Integrity
Penandatanganan Pakta Integritas,                                   Declaration, and Conflict of Interest
Deklarasi Integritas dan Pernyataan                                 Statement
Benturan Kepentingan
                                                                    Every Jasa Marga personnel has signed an Integrity Pact,
Setiap Insan Jasa Marga telah menandatangani Pakta                  Integrity Declaration, and Conflict of Interest Statement as
Integritas, Deklarasi Integritas, dan Pernyataan Benturan           a form of commitment to the implementation of GCG and
Kepentingan sebagai bentuk komitmen penerapan GCG                   the Anti-Bribery Management System in the Company’s
dan Sistem Manajemen Anti Penyuapan dalam operasional               operations. The percentage of Jasa Marga employees who
Perseroan. Persentase penandatanganan komitmen Code                 have signed the Code of Conduct commitment is 100%.
of Conduct oleh Insan Jasa Marga adalah sebanyak 100%.
                                                                    Code of Conduct Dissemination
Sosialisasi dan Penyebarluasan Kode Etik
                                                                    The Code of Conduct is disclosed and/or disseminated to
Pedoman Perilaku diungkapkan dan/atau disebarkan kepada             all employees of the Company through various Company-
semua insan Perseroan melalui berbagai media yang dimiliki          owned media, including via information technology that all
Perseroan, termasuk melalui teknologi informasi yang dapat          employees can easily access at any time.
diakses oleh semua pegawai dengan mudah setiap saat.
                                                                    Periodically, the Board of Directors issues memos and/
Secara periodik, Direksi menyampaikan Memo dan/atau                 or circular letters to all Company employees regarding the
Surat Edaran tentang pelaksanaan etika bisnis kepada                implementation of the Company’s business ethics.
segenap insan Perseroan.
                                                                    Code of Conduct Implementation and
Upaya Penerapan dan Penegakan Kode                                  Enforcement Efforts
Etik
                                                                    To realize the behavior of Jasa Marga personnel based on
Untuk mewujudkan perilaku Insan Jasa Marga yang                     business ethics, several strategic initiatives are carried out,
berlandaskan etika bisnis, terdapat sejumlah inisiatif              including:
strategis yang dilakukan, antara lain melalui:                      1. The commitment of the Board of Directors, Board of
1. Komitmen Direksi dan Dewan Komisaris serta Karyawan                  Commissioners, and employees to implement Good
    untuk menerapkan Tata Kelola Perusahaan yang Baik                   Corporate Governance in every step of the Company, as
    dalam setiap langkah Perseroan, yang tertuang dalam                 outlined in the Integrity Pact, which is renewed at the
    Pakta Integritas yang diperbaharui setiap awal tahun.               beginning of each year.
2. Keteladanan Pimpinan dengan memberi contoh sikap                 2. Leadership by example, demonstrating attitudes and
    dan perilaku yang tidak bertentangan dengan kebijakan               behaviors that do not conflict with Company policies
    dan Peraturan Perusahaan mengenai Tata Kelola                       and regulations regarding Good Corporate Governance.
    Perusahaan yang Baik.
                                                                    Efforts to enforce the Code of Conduct are carried out in
Upaya penegakan Pedoman Perilaku dilakukan dengan                   several ways, including:
beberapa cara, di antaranya:                                        1. Signing of the Integrity Pact, Integrity Declaration,
1. Penandatanganan Pakta Integritas, Deklarasi Integritas,              and Conflict of Interest Statement by all Jasa Marga
   dan Pernyataan Benturan Kepentingan seluruh Insan                    personnel, which is renewed annually.
   Jasa Marga yang diperbaharui setiap tahun.                       2. Dissemination through the Company’s internal media
2. Sosialisasi melalui media internal Perseroan (Miles                  (Miles Magazine).
   Magazine).                                                       3. Submission of State Officials’ Wealth Reports (LHKPN)
3. Pelaporan Laporan Harta Kekayaan Penyelenggara                       up to the Department Head level.
   Negara (LHKPN) sampai dengan tingkat Department
   Head.                                                            4. Reporting of Gratuities to KPK and cooperation with the
4. Pelaporan Gratifikasi kepada KPK dan kerja sama                     KPK’s Gratification Control Program.
   Program Pengendalian Gratifikasi dengan KPK.                     5. Establishment of the Jasa Marga Gratification Control
5. Pembentukan Unit Pengendali Gratifikasi Jasa Marga                  Unit in the Governance and Compliance Department,
   di Governance and Compliance Department, Legal &                    Legal & Compliance Group.
   Compliance Group.                                                6. Publication of the prohibition of gratuities and the
6. Publikasi larangan gratifikasi dan Whistleblowing System            Whistleblowing System on social media and the website.
   di media sosial dan website.




744                                                                      Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 745
06                                07                                   08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan     Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility      Reference of POJK, SEOJK, and ARA Criteria




                                                                         Sanction Types for Each Violation Type
Jenis Sanksi untuk Masing-masing Jenis                                   Regulated in the Code of Conduct
Pelanggaran yang Diatur dalam Kode Etik                                  Every Jasa Marga employee who is proven to have violated
Setiap Insan Jasa Marga yang terbukti melakukan                          the Code of Conduct will be subject to sanctions per the
pelanggaran terhadap Kode Etik akan diberikan sanksi                     applicable regulations and provisions of the Company, i.e.,
sesuai dengan peraturan dan ketentuan yang berlaku di                    Board of Directors Decree No. 168/KPTS/20204 dated
Perseroan yaitu Keputusan Direksi No. 168/KPTS/20204                     August 26, 2024, on Employee Development.
tanggal 26 Agustus 2024 tentang Pembinaan Karyawan.
                                                                         Sanctions for employees who commit violations are
Sanksi bagi karyawan yang melakukan pelanggaran                          determined by the Board of Directors after receiving a
ditetapkan oleh Direksi setelah mendapat laporan dari                    report from the employee’s immediate supervisor. The
atasan langsung karyawan yang bersangkutan. Direksi                      Board of Directors and Board of Commissioners decide
dan Dewan Komisaris memutuskan pemberian tindakan                        on the implementation of guidance, disciplinary sanctions,
pembinaan, sanksi disiplin dan/atau tindakan lainnya serta               and/or other measures and preventive actions to be carried
pencegahan yang harus dilaksanakan oleh atasan langsung                  out by the immediate supervisor in their respective work
di lingkungan masing-masing.                                             environments.



Tabel Bentuk Hukuman dan Sanksi
Table of Punishment Levels and Sanctions

          Tingkat Hukuman                                                            Jenis Sanksi
          Punishment Level                                                         Type of Sanction
 Hukuman Disiplin Ringan                    Surat Peringatan Pertama, Surat Peringatan Kedua dan Surat Peringatan Ketiga secara berurutan
 Light Disciplinary Punishment              First Warning Letter, Second Warning Letter, and Third Warning Letter in sequence

 Hukuman Disiplin Sedang                    Surat Peringatan Pertama dan Terakhir (SPP&T)
 Moderate Disciplinary Punishment           First and Final Warning Letter (SPP&T)

 Hukuman Disiplin Berat                     Pemutusan Hubungan Kerja (PHK)
 Severe Disciplinary Punishment             Employment Termination (PHK)
                                                                         Sanctions for Board of Directors and Board of Commissioners
Sanksi bagi Direksi dan Dewan Komisaris yang melakukan                   who commit violations are decided by the shareholders.
pelanggaran diputuskan oleh Pemegang Saham. Sanksi                       Sanctions for business partners or other stakeholders who
bagi mitra kerja atau stakeholders lain yang melakukan                   commit violations are in accordance with the contract’s
pelanggaran adalah sesuai ketentuan sebagaimana yang                     provisions. If related to criminal acts, they may be referred
tertuang dalam kontrak. Apabila terkait dengan tindak                    to the authorities.
pidana dapat diteruskan kepada pihak yang berwajib.
                                                                         Total Code of Conduct Violations and
Jumlah Pelanggaran Kode Etik Beserta                                     Sanctions Imposed
Sanksi yang Diberikan                                                    Throughout 2025, Jasa Marga did not record any violations
Sepanjang tahun 2025, Jasa Marga tidak mencatat adanya                   of the code of conduct or any sanctions imposed for such
pelanggaran atas kode etik maupun sanksi yang diberikan                  violations, reflecting the high level of understanding among
atas pelanggaran kode etik, hal ini mencerminkan tingginya               Jasa Marga employees of the code of conduct’s importance.
pemahaman Insan Jasa Marga akan pentingnya kode etik.
                                                                         Trend in Code of Conduct Implementation
Tren Penerapan Kode Etik
                                                                         Over the past five years, ethical code violations within the
Dalam kurun waktu 5 (lima) tahun terakhir, pelanggaran                   Company have shown excellent results, as shown in the
kode etik di dalam Perseroan menunjukan hasil yang sangat                following table:
baik, dapat dilihat pada tabel berikut ini:

Tabel Jumlah Pelanggaran Kode Etik
Table of Code of Conduct Violations

                                 Tahun                                                    Jumlah Pelanggaran Kode Etik
                                  Year                                                   Total Code of Conduct Violations
                                  2025                                                                         -

                                  2024                                                                         -

                                  2023                                                                         -

                                  2022                                                                         -

                                  2021                                                                         -




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                   745
Page 746
01                                02                      03                      04                                       05
Ikhtisar Kinerja Utama            Laporan Manajemen       Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report       Company Profile          Management Discussion and Analysis       Business Support Functions




Kebijakan Anti Korupsi/Anti Fraud
dan Sosialisasinya
Anti-Corruption/Anti-Fraud Policies and the Dissemination
Dalam upaya mendukung Jasa Marga dalam menerapkan                            To support Jasa Marga in implementing Good Corporate
prinsip Tata Kelola Perusahaan yang Baik, Jasa Marga juga                    Governance principles, Jasa Marga is also committed to
berkomitmen untuk melakukan pemberantasan Korupsi,                           eradicating Corruption, Collusion, and Nepotism (KKN) by
Kolusi, dan Nepotisme (KKN) melalui pembuatan kebijakan                      creating anti-corruption and anti-fraud policies.
anti korupsi/anti fraud.

Kebijakan Perseroan terkait Anti Korupsi/Anti Fraud telah                    The Company's policies related to Anti-Corruption/Anti-
diatur dalam:                                                                Fraud are regulated in:
1. Pedoman Tata Kelola Perusahaan (Code of Corporate                         1. Corporate Governance Guidelines (Code of Corporate
    Governance);                                                                Governance);
2. Pedoman Perilaku Code of Conduct);                                       2. Code of Conduct;
3. Pedoman Penanganan Gratifikasi;                                           3. Guidelines for Handling Gratuities;
4. Pedoman Whistleblowing System;                                            4. Whistleblowing System Guidelines;
5. Pedoman Benturan Kepentingan;                                             5. Conflict of Interest Guidelines;
6. Kebijakan Anti Penyuapan;                                                 6. Anti-Bribery Policy;
7. Manual Sistem Manajemen Anti Penyuapan (SMAP);                            7. Anti-Bribery Management System (SMAP) Manual;
8. Pedoman Laporan Harta Kekayaan Penyelenggara                              8. Guidelines for State Officials' Wealth Reports (LHKPN);
    Negara (LHKPN); dan                                                         and
9. Pedoman Strategi Anti Fraud.                                              9. Anti-Fraud Strategy Guidelines.


Pelatihan dan Sosialisasi Anti Korupsi/Anti                                  Anti-Corruption/Anti-Fraud Training and
Fraud                                                                        Dissemination
Dalam    memberikan      pemahaman      dan   pembekalan                     To provide understanding and knowledge of corruption
pengetahuan mengenai Korupsi beserta turunannya,                             and its derivatives, the Company provides regular training
Perseroan memberikan pelatihan dan sosialisasi bagi Insan                    and dissemination to Jasa Marga employees. In 2025,
Jasa Marga secara berkala. Selama tahun 2025, sosialisasi                    dissemination and training related to Anti-Corruption/Anti-
dan pelatihan terkait Anti Korupsi/Anti Fraud dapat dilihat                  Fraud can be seen in the table below:
pada tabel di bawah ini:

Tabel Pelatihan Anti Korupsi/Anti Fraud
Table of Anti-Corruption/Anti-Fraud Training

                                                              Nama Kegiatan                                                Penyelenggara
     Tanggal Event
                                                              Name of Activity                                               Organizer
 12 Februari 2025            Audit Forensik dan Deteksi Korupsi                                                         Lembaga Informasi
 February 12, 2025           Forensic Auditing and Corruption Detection                                                 Kebijakan Nasional
                                                                                                                        (Lemiknas)

 20 Februari 2025            Seminar Nasional Pencegahan & Penanggulangan Korupsi                                       PT Jasa Marga
 February 20, 2025           National Seminar on the Prevention and Combating of Corruption                             (Persero) Tbk

 18 Februari 2025            JM Talk Pelaporan LHKPN: Komitmen Penyelenggara Negara dalam Menjaga Integritas            PT Jasa Marga
 February 18, 2025           dan Mencegah Korupsi                                                                       (Persero) Tbk
                             JM Talk on LHKPN Reporting: The Commitment of Public Officials to Upholding Integrity
                             and Preventing Corruption

 08 Mei 2025                 Mencegah Tindak Pidana Korupsi dan Pencucian Uang Antisipasi OTT dalam Tindak              Bintang Studi Nasional
 May 8, 2025                 Pidana Korupsi Tema Aspek Legal dan Kepatuhan Terhadap Pencegahan Pencucian Uang
                             TA 2024 serta Aspek Hukum dan Implementasi Tentang Tindak Pidana Pencucian Uang
                             Mencegah Tindak Pidana Korupsi dan Pencucian Uang Antisipasi OTT dalam Tindak
                             Pidana Korupsi Tema Aspek Legal dan Kepatuhan Terhadap Pencegahan Pencucian Uang
                             TA 2024 serta Aspek Hukum dan Implementasi Tentang Tindak Pidana Pencucian Uang

 19 Juni 2025                Seminar Nasional Satu Hari: Implementasi Korporasi serta Gratifikasi atas Kewenangan       PT Jasa Marga
 June 19, 2025               & Jabatan Terkait Tindak Pidana Korupsi & Pencucian Uang di BUMN, BUMD, Swasta             (Persero) Tbk
                             Nasional
                             Preventing Corruption and Money Laundering; Anticipating Raids in Corruption Cases;
                             Legal and Compliance Aspects of Money Laundering Prevention for the 2024 Financial
                             Year; and Legal Aspects and Implementation of Money Laundering Offences




746                                                                              Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 747
06                                 07                                    08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




Tabel Pelatihan Anti Korupsi/Anti Fraud
Table of Anti-Corruption/Anti-Fraud Training

                                                                 Nama Kegiatan                                            Penyelenggara
   Tanggal Event
                                                                 Name of Activity                                           Organizer
 08 Oktober 2025            Forensik dan Deteksi Korupsi Pada Korporasi BUMN/BUMD & Anak Usaha                          Lembaga Bina
 October 8, 2025            Forensic Investigation and Corruption Detection in SOEs and LGOs & Their Subsidiaries       Management Center
                                                                                                                        (BMC)

 26 November 2025           Pelatihan Nasional: “Implementasi dan Strategi Pelaksanaan UU BUMN No. 16 Tahun             Lembaga Informasi
 November 26, 2025          2025 (Tantangan, Peluang, Keberlanjutan Bisnis & Kepastian Hukum Serta Pencegahan           Kebijakan Nasional
                            Korupsi)”                                                                                   (Lemiknas)
                            National Training: “Implementation and Strategies for the Enforcement of Law No. 16 of
                            2025 on State-Owned Enterprises (Challenges, Opportunities, Business Sustainability &
                            Legal Certainty, and Corruption Prevention)”

 26 November 2025           Seminar Impelementasi Penerapan Penyitaan Aset Pelaku Tindak Pidana Korupsi dan             Badan Anti Korupsi
 November 26, 2025          Tindak Pidana Pencucian Uang                                                                Nasional (Bakornas)
                            Seminar on the Implementation of Asset Seizure from Perpetrators of Corruption and
                            Money Laundering Offences

 15 Desember 2025           Legal Summit: Peringatan Hakordia dan Seminar Dampak UU KUHAP "Penegakan Tindak             PT Jasa Marga
 December 15, 2025          Pidana Korupsi Ditinjau dari Prinsip Bussiness Judgement Rule dan Pedoman Strategis         (Persero) Tbk
                            Bagi Korporasi dalam Menghadapi Implementasi UU KUHAP"
                            Legal Summit: Hakordia Commemoration and Seminar on the Impact of the Criminal
                            Procedure Code (KUHAP) ‘Enforcement of Corruption Offences in Light of the
                            Business Judgement Rule and Strategic Guidelines for Corporations in Dealing with the
                            Implementation of the Criminal Procedure Code (KUHAP)’



Tabel Sosialisasi Anti Korupsi/Anti-Fraud
Table of Anti-Corruption/Anti-Fraud Dissemination

         Tanggal Sosialisasi                                      Judul/Tema                                          Tempat/Media
 No.
         Dissemination Date                                       Title/Theme                                          Venue/Media
  1.   21 Mei 2025                   Penyampaian Materi Sosialisasi Pedoman Strategi Anti Fraud di                      Buku Saku
       May 21, 2025                  Lingkungan Unit Kerja Perusahaan                                                  Pocket Book
                                     Presentation of Anti-Fraud Strategy Guidelines in the Company's
                                     Work Units



Program dan Prosedur Penanganan Anti                                       Anti-Corruption/Anti-Fraud Program and
Korupsi/Anti Fraud                                                         Handling Procedure
Jasa Marga memiliki komitmen yang besar untuk menciptakan                  PT Jasa Marga (Persero) Tbk is strongly committed to
operasional Perseroan yang bersih dan bebas Kolusi, Korupsi                creating clean, corruption-free operations free of collusion,
dan Nepotisme (KKN). Salah satu wujud dari komitmen                        corruption, and nepotism (KKN). As part of this commitment,
tersebut, pada tahun 2020 Perseroan mengimplementasikan                    in 2020, the Company implemented SNI ISO 37001 on Anti-
SNI ISO 37001 tentang Sistem Manajemen Anti Suap                           Bribery Management Systems (SMAP), and enacted the
(SMAP), dan memberlakukan Pedoman Strategi Anti Fraud                      Anti-Fraud Strategy Guidelines based on PT Jasa Marga
berdasarkan Keputusan Direksi PT Jasa Marga (Persero)                      (Persero) Tbk Board of Directors Decree No. 248/KPTS/2024
Tbk Nomor 248/KPTS/2024 tentang Pedoman Strategi Anti                      on the Anti-Fraud Strategy Guidelines of PT Jasa Marga
Fraud PT Jasa Marga (Persero) Tbk. Penerapan Pedoman                       (Persero) Tbk. These Guidelines were implemented as part
ini dilakukan sebagai upaya pencegahan dan perbaikan                       of ongoing efforts to improve the internal control system.
berkelanjutan terhadap sistem pengendalian internal.                       In addition, the Company implements Gratuity Control and
Disamping itu Perseroan juga melaksanakan Pengendalian                     Management.
dan Pengelolaan Gratifikasi.

Terkait dengan implementasi standar baru tersebut,                         In connection with the implementation of these new
Perseroan telah melakukan penyesuaian terhadap kebijakan                   standards, the Company has made adjustments to its internal
internal yang terkait dengan upaya untuk menciptakan                       policies to create a clean, corruption-free organization.
organisasi yang bersih dan bebas KKN.

Jasa Marga membentuk Fungsi Kepatuhan Anti Penyuapan                       Jasa Marga established an Anti-Bribery Compliance Function
(FKAP) pada Unit Kerja Internal Audit Group untuk                          (FKAP) within the Internal Audit Group Work Unit to oversee
mengawasi rancangan dan implementasi SMAP. Bersama                         the design and implementation of SMAP. Together with the
dengan Unit Kerja Kantor Pusat, Regional Metropolitan dan                  Head Office, the Metropolitan Regional, and the Nusantara
Regional Nusantara, FKAP melakukan penilaian atas potensi                  Regional Work Units, FKAP assesses the potential bribery
risiko penyuapan yang akan dihadapi oleh Perseroan serta                   risks faced by the Company and evaluates the suitability and
untuk mengevaluasi kesesuaian dan efektivitas kontrol yang                 effectiveness of the Company’s controls to reduce identified
terdapat di Perseroan guna mengurangi risiko penyuapan                     bribery risks. Periodically, every quarter, work units reports


PT Jasa Marga (Persero) Tbk    Laporan Tahunan 2025 Annual Report                                                                       747
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01                           02                    03                       04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen     Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report     Company Profile           Management Discussion and Analysis       Business Support Functions




yang teridentifikasi. Secara periodik tiap triwulan, unit-unit        all activities related to the following:
kerja akan melaporkan semua kegiatan yang berkaitan
dengan hal- hal yang tercantum di bawah ini:
1. Praktik pemberian dan/atau penerimaan hadiah dan/                  1.   The practice of giving and/or receiving gifts and/or
    atau hiburan;                                                          entertainment;
2. Praktik pemberian dan/atau penerimaan sponsorship;                 2.   The practice of giving and/or receiving sponsorship;
3. Praktik pemberian sumbangan;                                       3.   The practice of giving donations;
4. Benturan kepentingan;                                              4.   Conflicts of interest;
5. Aktivitas uji kelayakan pada karyawan, mitra kerja sama,           5.   Due diligence activities on employees, business partners,
    dan penyedia barang/jasa Perseroan; dan                                and suppliers of goods/services of the Company; and
6. Laporan tersebut akan dievaluasi dan dilaporkan kepada             6.   The report will be evaluated and submitted to the
    Direktur Utama dan Komisaris.                                          President Director and Commissioners.

Selain dilakukan oleh FKAP, Direktur Utama juga membentuk             In addition to being carried out by FKAP, the President
Tim Audit Internal SMAP secara ad hoc dalam rangka                    Director formed an ad hoc SMAP Internal Audit Team to
pengawasan atas implementasi SMAP sebagai garis                       oversee the implementation of SMAP as the third line of
pertahanan ketiga. Tim akan menyiapkan laporan audit                  defense. The team will prepare an internal audit report
internal yang menguraikan temuan yang ditemukan,                      describing the findings, determine appropriate corrective
menentukan Tindakan korektif yang sesuai untuk setiap                 actions for each finding, submit the report, and monitor the
temuan, menyampaikan laporan audit internal, serta                    implementation of the recommended corrective actions.
melakukan pemantauan atas pencapaian tindakan korektif                The Company also has an Anti-Corruption/Anti-Fraud
yang direkomendasikan. Perseroan juga memiliki Duta Anti              Ambassador whose members come from representatives of
Korupsi/Anti Fraud yang anggotanya berasal dari perwakilan            the Head Office, Regional Offices, and Subsidiaries, whose
Kantor Pusat, Regional dan Anak Perusahaan, yang memiliki             duties and responsibilities include formulating preventive
tugas dan tanggung jawab antara lain menyusun perencanaan             measures to prevent corruption together with leaders
langkah-langkah preventif untuk mencegah terjadinya tindak            that have an impact on behavior and performance in their
korupsi bersama Pimpinan yang berdampak pada perilaku                 respective work units, encouraging behavioral changes to
(behaviour) dan kinerja di lingkungan unit kerja masing-              reject corruption, implementing and documenting the results
masing, mendorong perubahan perilaku untuk menolak                    of educational and dissemination activities and increasing
korupsi, melaksanakan dan mendokumentasikan hasil                     employee awareness, and representing their Work Units or
kegiatan edukasi, sosialisasi dan meningkatkan kesadaran              Companies to collaborate with law enforcement agencies
karyawan, menjadi perwakilan Unit Kerja atau Perusahaannya            and community organizations to improve the effectiveness
untuk berkolaborasi dengan lembaga penegak hukum maupun               of corruption prevention. All programs implemented will
organisasi Masyarakat untuk meningkatkan efektivitas                  be reported to the Internal Audit Group for review of their
pencegahan korupsi. Seluruh program yang dilaksanakan                 effectiveness.
nantinya akan dilaporkan kepada Internal Audit Group untuk
dilihat kembali efektivitas program tersebut.

Berkenaan dengan Anti Fraud, Perseroan menerapkan                     With regard to Anti-Fraud, the Company implements Anti-
Pedoman Strategi Anti Fraud yang keberlakuannya                       Fraud Strategy Guidelines that apply to all of the Company’s
mencakup seluruh proses bisnis Perseroan baik di Kantor               business processes at the Head Office, Regional Offices,
Pusat, Regional, maupun Representative Office, serta                  and Representative Offices, as well as to all levels of the
diterapkan pada seluruh jenjang organisasi Perseroan dan              Company’s organization and are binding on:
berlaku mengikat bagi:
1. Seluruh Insan Jasa Marga;                                          1. All Jasa Marga employees;
2. Hubungan antara sesama Insan Jasa Marga; dan                       2. Relationships between Jasa Marga employees; and
3. Hubungan antara Insan Jasa Marga dengan pihak ketiga,              3. Relationships between Jasa Marga employees and third
    antara lain kontraktor, subkontraktor, vendor, dan pihak             parties, including contractors, subcontractors, vendors,
    eksternal lainnya.                                                   and other external parties.

Penerapan anti fraud dilandasi dengan prinsip integritas,             The implementation of anti-fraud measures is based on
tata perilaku, tata kelola perusahaan yang baik (Good                 the principles of integrity, code of conduct, good corporate
Corporate Governance) dan zero tolerance.                             governance, and zero tolerance.

Satuan Kerja Penerapan Pedoman Strategi Anti Fraud, terdiri           The Anti-Fraud Strategy Implementation Unit consists of:
dari:
1. Unit Kerja Penanggung Jawab Pedoman Strategi Anti                  1. The Anti-Fraud Strategy Guidelines Responsibility Unit;
    Fraud; dan                                                           and
2. Unit Kerja Pelaksana Pedoman Strategi Anti Fraud. Atas             2. The Anti-Fraud Strategy Guidelines Implementation
    pelaksanaan tugasnya, Unit Kerja Penanggung Jawab                    Unit. In carrying out its duties, the Anti-Fraud Strategy
    Pedoman Strategi Anti Fraud melaksanakan pemantauan                  Guidelines Responsibility Unit monitors and evaluates
    dan evaluasi atas setiap pelaksanaan Kebijakan Anti                  the implementation of each Anti-Fraud Policy and reports
    Fraud, dan melaporkannya kepada Direksi dan Dewan                    to the Board of Directors and Board of Commissioners
    Komisaris secara berkala setiap 6 (enam) bulan/                      regularly every six months/semester.
    semesteran.


748                                                                         Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 749
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Pengendalian Gratifikasi
Gratification Control
Perseroan senantiasa mengutamakan pengelolaan bisnis                  The Company always prioritizes business management that
yang bebas dari Korupsi, Kolusi dan Nepotisme (KKN).                  is free from Corruption, Collusion, and Nepotism (KKN). This
Artinya, pengelolaan bisnis Perseroan bukan hanya untuk               means that the Company's business management is not only
mengejar keuntungan Perseroan semata, namun juga                      aimed at pursuing profits, but also adheres to the principles
memperhatikan prinsip-prinsip pengelolaan yang amanah,                of trustworthy, transparent, and accountable management.
transparan dan akuntabel.

Dalam praktik hubungan bisnis, hal yang sering terjadi dan            In business relationships, it is common and often unavoidable
sering tak terhindarkan adalah adanya Gratifikasi dari satu           for one party to offer gratuities to another. However, the
pihak kepada pihak lainnya. Meskipun demikian, Perseroan              Company recognizes the importance of taking a firm stance
menyadari pentingnya pelaksanaan sikap yang tegas terhadap            on gratuities involving Jasa Marga employees. It is important
penanganan Gratifikasi yang melibatkan Insan Jasa Marga.              to cultivate this culture within Jasa Marga as a learning
Hal ini penting untuk dibudayakan di lingkungan Jasa Marga            process for Jasa Marga personnel who have high dignity
sebagai suatu proses pembelajaran bagi Insan Jasa Marga               and image in business relationships with stakeholders.
yang mempunyai harkat, martabat dan citra yang tinggi dalam           Therefore, it is necessary to regulate matters related to
hubungan bisnis dengan para Pemangku Kepentingan. Oleh                gratuities and the Company's reporting mechanism.
sebab itu, perlu diatur hal-hal yang terkait dengan Gratifikasi
dan mekanisme pelaporannya di lingkungan Perseroan.

Saat ini, Jasa Marga telah melakukan review dan update atas           Currently, Jasa Marga has reviewed and updated its Gratuity
kebijakan Pedoman Penanganan Gratifikasi sebagaimana                  Handling Guidelines policy as stipulated in Board of Directors
tertuang dalam Keputusan Direksi No. 118/KPTS/2022                    Decree No. 118/KPTS/2022 dated September 20, 2022.
tanggal 20 September 2022. Pedoman Penanganan                         The Gratuity Handling Guidelines align with the Corporate
Gratifikasi selaras dengan Pedoman Tata Kelola Perusahaan             Governance Guidelines (Code of Corporate Governance)
(Code of Corporate Governance) dan Pedoman Perilaku                   and the Code of Conduct, as well as with the Company’s
Code of Conduct) serta nilai-nilai yang berlaku di Perseroan.        values.


Pengelolaan Pengendalian Gratifkasi                                   Gratification Control Management
Suatu Gratifikasi akan berubah menjadi tindak pidana suap/            A gratuity may constitute a criminal act of bribery/illegal
Gratifikasi ilegal apabila memenuhi unsur-unsur sebagai               gratuity if it meets the following elements:
berikut:
1. Gratifikasi tersebut berhubungan dengan wewenang/                  1.   The gratification is related to the authority/position of
    jabatan Insan Jasa Marga di Perseroan, sehingga dapat                  Jasa Marga personnel within the Company, thereby
    menimbulkan benturan kepentingan yang mempengaruhi                     creating a conflict of interest that affects their
    independensi, objektivitas, maupun profesionalisme                     independence, objectivity, and professionalism.
    Insan Jasa Marga.
2. Gratifikasi tersebut tidak dilaporkan dalam jangka waktu           2. The gratuity is not reported within 30 working days to
    30 (tiga puluh) hari kerja kepada Komisi Pemberantasan               the Corruption Eradication Commission (KPK) from the
    Korupsi (KPK) sejak tanggal penerimaan Gratifikasi.                  date of receipt of the gratuity.

Beberapa Kriteria Gratifikasi yang dianggap suap, antara lain         Some criteria for gratuities that are considered bribery
sebagai berikut:                                                      include the following:
1. Uang atau setara uang yang diberikan kepada Insan                  1. Money or money equivalents given to Jasa Marga
   Jasa Marga sebagai ucapan terima kasih dari pihak                      employees as a token of appreciation from other parties
   lain, sehubungan dengan telah terpilihnya atau telah                   in connection with their selection or completion of a
   selesainya suatu pekerjaan atau kegiatan lainnya dalam                 job or other activity in the context of performing the
   rangka pelaksanaan tugas dan jabatan Insan Jasa Marga                  duties and responsibilities of the Jasa Marga employee
   yang bersangkutan.                                                     concerned.
2. Pemberian tidak resmi dalam bentuk uang atau setara                2. Informal gifts in the form of money or money equivalents,
   uang sebagai tanda terima kasih yang diterima Insan Jasa               as a token of gratitude, received by Jasa Marga
   Marga dari pihak lain terkait dengan proses pemeriksaan                employees from other parties in connection with the
   kelayakan pekerjaan atau proses persetujuan atau                       process of assessing the suitability of work or the process
   pemantauan atas pekerjaan pihak lain tersebut.                         of approving or monitoring the work of other parties.
3. Pemberian dalam bentuk apapun dari pihak lain                      3. Gifts in any form from other parties in connection with the
   sehubungan dengan kenaikan pangkat dan jabatan                         promotion and new position of Jasa Marga personnel,
   baru Insan Jasa Marga yang biasanya dilakukan sebagai                  which are usually given as a sign of introduction.
   tanda perkenalan.
4. Pinjaman dari Bank atau lembaga keuangan lainnya                   4. Loans from banks or other financial institutions received
   yang diterima karena hubungan pribadi, jabatan dan                    due to the personal relationships, positions, and


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Main Performace Highlights   Management Report       Company Profile           Management Discussion and Analysis       Business Support Functions




    kewenangan dari Insan Jasa Marga yang bersangkutan                       authority of the relevant Jasa Marga personnel and not
    dan tidak berlaku bagi masyarakat umum.                                  available to the general public.
5. Kesempatan atau keuntungan termasuk jumlah/                          5.   Opportunities or benefits, including special interest
    persentase bunga khusus atau diskon komersial yang                       rates or commercial discounts, received by Jasa Marga
    diterima Insan Jasa Marga karena hubungan pribadi atau                   employees due to personal relationships or positions,
    jabatan dan tidak berlaku bagi masyarakat umum.                          which do not apply to the general public.
6. Makanan, minuman dan hiburan yang diberikan secara                   6.   Food, beverages, and entertainment provided
    khusus, dikarenakan jabatan atau kewenangan Insan                        specifically due to the position or authority of the
    Jasa Marga yang bersangkutan, yang dilakukan di luar                     relevant Jasa Marga employee, which is carried out
    dan tidak berhubungan dengan tugas kedinasan.                            outside of and unrelated to official duties.
7. Pemberian fasilitas transportasi, akomodasi, uang atau               7.   The provision of transportation facilities, accommodation,
    setara uang sehubungan dengan pelaksanaan tugas                          money, or cash equivalents in connection with the
    dan kewajiban Insan Jasa Marga yang bersangkutan di                      implementation of the duties and obligations of the
    Perseroan pihak lain, yang dilakukan berdasarkan pada                    relevant Jasa Marga personnel at another company,
    penunjukan langsung atau undangan dari pihak lain                        carried out based on a direct appointment or invitation
    tersebut.                                                                from the other party.
8. Pemberian hiburan, paket wisata, voucher, yang                       8.   The provision of entertainment, tour packages, and
    dilakukan terkait dengan pelaksanaan tugas dan                           vouchers, carried out in connection with the performance
    kewajiban Insan Jasa Marga di perusahaan pihak lain,                     of duties and obligations of Jasa Marga personnel at
    yang tidak relevan atau tidak ada hubungannya dengan                     other companies, which are irrelevant or unrelated to the
    maksud penugasan Insan Jasa Marga tersebut.                              purpose of the assignment of the Jasa Marga personnel.
9. Jamuan makan, akomodasi dan fasilitas lainnya yang                   9.   Meals, accommodation, and other facilities provided to
    diberikan kepada Insan Jasa Marga oleh Pihak lain                        Jasa Marga personnel by other parties during on-site
    pada saat melakukan check on the spot untuk proses                       inspections of the other party’s workplace by a team
    pemeriksaan tempat domisili kerja Pihak lain oleh tim                    assigned by Jasa Marga.
    yang ditugaskan oleh Jasa Marga.
10. Akomodasi, fasilitas, perlengkapan dan/atau voucher                 10. Accommodation, facilities, equipment, and/or vouchers,
    termasuk dan namun tidak terbatas pada tiket pesawat,                   including but not limited to airline tickets, hotel vouchers,
    voucher hotel, olahraga, voucher hiburan yang dilakukan                 sports vouchers, and entertainment vouchers, provided
    terkait dengan pelaksanaan tugas dan kewajiban Insan                    in connection with the performance of duties and
    Jasa Marga di perusahaan Pihak lain yang tidak relevan/                 obligations of Jasa Marga personnel at other companies
    tidak berhubungan dengan maksud penugasan Insan                         that are irrelevant/unrelated to the purpose of the
    Jasa Marga tersebut.                                                    assignment of Jasa Marga personnel.
11. Pemberian fasilitas biaya pengobatan gratis pada saat               11. Provision of free medical treatment facilities when the
    Insan Jasa Marga yang bersangkutan berobat ke salah                     relevant Jasa Marga personnel seek treatment at one
    satu rumah sakit yang oleh Pihak lain yang dilakukan pada               of the hospitals provided by the other party during the
    saat pelaksanaan tugas dan kewajiban penugasannya.                      performance of their duties and obligations.
12. Pemberian kepada Insan Jasa Marga, sehubungan                       12. The provision to Jasa Marga personnel, in connection
    dengan suatu perayaan, namun tidak terbatas pada                        with a celebration, but not limited to birthdays, weddings,
    perayaan ulang tahun, pernikahan, kelulusan, khitanan                   graduations, circumcisions, and others, given by the
    dan lainnya, yang diberikan oleh Pihak lain, dengan                     other party, with a material value in Rupiah exceeding
    nilai materiilnya dalam mata uang Rupiah melebihi                       Rp1,000,000 (one million rupiah).
    Rp1.000.000 (satu juta rupiah).
13. Pemberian fasilitas berupa jasa boga/catering dari Pihak lain       13. The provision of facilities in the form of catering services
    pada saat Insan Jasa Marga yang bersangkutan menggelar                  from other parties when Jasa Marga Personnel holds
    perayaan, termasuk namun tidak terbatas pada perayaan                   celebrations, including but not limited to weddings,
    pernikahan, ulang tahun, kelulusan, khitanan dan lainnya.               birthdays, graduations, circumcisions, and others.
14. Pemberian bingkisan/parsel dalam bentuk apapun                      14. The provision of gifts/parcels in any form to Jasa Marga
    kepada Insan Jasa Marga dari Pihak lain sehubungan                      employees from third parties in connection with religious
    dengan perayaan hari raya keagamaan.                                    holidays.

Yang termasuk dalam situasi yang tidak memungkinkan                     Situations where refusal is not possible include the following:
untuk menolak adalah sebagai berikut:
1. Jika Insan Jasa Marga tersebut tidak mengetahui                      1.   If the Jasa Marga employee is unaware of the gift-giving
   pelaksanaan     pemberiannya,    waktu   dan    lokasi                    process, the time and location of the gratuity, and does
   diberikannya Gratifikasi, serta tidak mengetahui                          not know the identity and address of the giver.
   identitas dan alamat Pemberi.
2. Jika menurut pertimbangan logika yang wajar pada                     2. If, based on reasonable logic, refusal could disrupt the
   umumnya, tindakan penolakan dapat menyebabkan                           good relationship between Jasa Marga and the giver.
   terganggunya hubungan baik antara Jasa Marga dengan                     The gift is not in the form of money and/or money
   Pemberi. Pemberian tersebut bukan dalam bentuk uang                     equivalents and/or securities with a value not exceeding
   dan/atau setara uang dan/atau surat berharga yang                       Rp1,000,000 (one million rupiah) from each giver.
   nilainya tidak melebihi Rp1.000.000 (satu juta rupiah)
   dari masing-masing Pemberi.




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




Pengelola Laporan Gratifikasi                                             Gratification Report Management
Berdasarkan Keputusan Direksi No. 118/KPTS/2022 tanggal                  Based on Board of Directors Decree No. 118/KPTS/2022
20 September 2022, Unit Pengendali Gratifikasi (UPG) Jasa                dated September 20, 2022, the Gratification Control Unit
Marga adalah Corporate Secretary and Chief Administration                (UPG) of Jasa Marga is the Corporate Secretary and Chief
Officer dalam hal ini Legal and Compliance Group Head,                   Administration Officer, specifically the Head of the Legal and
yaitu pada Governance & Compliance Department.                           Compliance Group, within the Governance & Compliance
                                                                         Department.


Tugas dan Tanggung Jawab UPG                                             UPG Duties and Responsibilities
1.   Menerima, menganalisis dan mengadministrasikan                      1. Receiving, analyzing, and administering reports of
     laporan penerimaan Gratifikasi dari Insan Jasa Marga;                  gratuity receipts from Jasa Marga personnel;
2.   Menerima dan mengadministrasikan laporan penolakan                  2. Receiving and administering reports of gratification
     gratifikasi dalam hal insan Jasa Marga melaporkan                      refusals in cases where Jasa Marga personnel report
     penolakan gratifikasi;                                                 such refusals;
3.   Meneruskan laporan penerimaan gratification kepada                  3. Forwarding reports of gratification receipts to KPK;
     KPK;
4.   Melaporkan rekapitulasi laporan penerimaan dan                      4. Reporting periodic summaries of gratuity acceptance
     penolakan Gratifikasi secara periodik kepada KPK;                      and rejection reports to KPK;
5.   Menyampaikan hasil pengelolaan laporan penerimaan                   5. Communicating the results of the management of
     dan penolakan Gratifikasi dan usulan kebijakan                         reports on the acceptance and rejection of gratuities
     Pengendalian Gratifikasi kepada pimpinan instansi;                     and proposals for gratification control policies to the
6.   Melakukan sosialisasi aturan Gratifikasi kepada pihak                  leadership of the institution;
     internal dan eksternal instansi;                                    6. Conducting dissemination of gratification regulations to
7.   Melakukan pemeliharaan barang Gratifikasi sampai                       internal and external parties of the institution;
     dengan adanya penetapan status barang tersebut; dan                 7. Maintaining gratuity items until their status is determined;
                                                                            and
8. Melakukan pemantauan               dan    evaluasi      penerapan     8. Monitoring and evaluating the implementation of
   Pengendalian Gratifikasi.                                                Gratification Control.




                               Governance and Compliance Department
                               Legal and Compliance Group
                               PT Jasa Marga (Persero) Tbk
                               Plaza Toll TMI, Jakarta 13550
                               upg@jasamarga.co.id

                               Unit Pengendali Gratifikasi
                               Gratification Control Unit




Pelaporan Gratifikasi                                                     Gratification Reporting
Apabila terdapat penerimaan Gratifikasi di luar batasan,                 If there is a receipt of gratuities beyond the limits, Jasa
maka Insan Jasa Marga wajib melaporkan hal tersebut                      Marga personnel are required to report this through the
melalui Unit Pengendali Gratifikasi, yang kemudian akan                  Gratification Control Unit, which will then be processed
diproses lebih lanjut. Mekanisme penerimaan pelaporan                    further. The mechanism for receiving gratuity reports is as
gratifikasi adalah sebagai berikut:                                      follows:
1. Pelaporan melalui Unit Pengendali Gratifikasi yang                    1. Reports submitted through the Gratification Control
    dilakukan oleh Insan Jasa Marga yang menerima                             Unit by Jasa Marga personnel who receive Gratification
    Gratifikasi wajib disampaikan selambat-lambatnya 10                       must be submitted no later than ten working days from
    (sepuluh) hari kerja sejak tanggal penerimaan Gratifikasi                 the date of receipt of the Gratification by Jasa Marga
    oleh Insan Jasa Marga, dengan menggunakan form                            personnel, using the reporting form.
    pelaporan.
2. Untuk penerimaan yang merupakan barang yang cepat                     2. For perishable gifts (e.g., food and beverages), they may
    kedaluwarsa (contoh: makanan dan minuman), maka                         be handed over to social institutions by submitting proof
    dapat diserahkan kepada lembaga sosial dengan                           of receipt from the social institution to the Gratification
    menyampaikan bukti tanda terima dari lembaga social                     Control Unit.
    tersebut kepada Unit Pengendali Gratifikasi.

PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                 751
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Ikhtisar Kinerja Utama               Laporan Manajemen           Profil Perusahaan              Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights           Management Report           Company Profile                Management Discussion and Analysis          Business Support Functions




3. Untuk penerimaan yang merupakan barang yang tidak                                   3. For non-perishable gifts (e.g., money, gold), they must
   cepat kadaluwarsa (contoh: uang, emas, dan lainnya),                                   first be stored in the Finance Department of the relevant
   wajib disimpan terlebih dahulu di Bagian Keuangan di                                   Insan Jasa Marga workplace until the Corruption
   lingkungan kerja Insan Jasa Marga yang bersangkutan,                                   Eradication Commission (KPK) determines the ownership
   sampai dengan ditentukannya status kepemilikan atas                                    status of the gifts, by submitting proof of storage to the
   penerimaan tersebut oleh pihak Komisi Pemberantasan                                    Gratification Control Unit.
   Korupsi (KPK), dengan menyampaikan bukti tanda
   penyimpanan kepada Unit Pengendali Gratifikasi.
4. Unit Pengendali Gratifikasi meneruskan laporan                                      4. The Gratification Control Unit forwards the Gratification
   penerimaan Gratifikasi, kepada Komisi Pemberantasan                                    receipt report to the Corruption Eradication Commission
   Korupsi (KPK) selambat-lambatnya 10 (sepuluh) hari                                     (KPK) no later than ten working days from the date
   kerja sejak tanggal diterimanya pelaporan Gratifikasi                                  of receipt of the complete Gratification report by the
   oleh Unit Pengendali Gratifikasi secara lengkap.                                       Gratification Control Unit.
5. Setelah disampaikannya laporan penerimaan Gratifikasi                               5. After the Gratification Control Unit submits the
   oleh Unit Pengendali Gratifikasi kepada Komisi                                         Gratification receipt report to the Corruption Eradication
   Pemberantasan Korupsi (KPK), maka untuk proses                                         Commission (KPK), the Company will follow the
   penentuan atas Status kepemilikan penerimaan                                           mechanism/procedure established by the Corruption
   Gratifikasi tersebut, Perseroan akan mengikuti                                         Eradication Commission (KPK) to determine the
   mekanisme/prosedur yang ditetapkan oleh Komisi                                         ownership status of the Gratification receipt.
   Pemberantasan Korupsi (KPK).

                                                 Bagan Mekanisme Pelaporan Penerimaan Gratifikasi
                                                     Chart of Gratuity Receipt Reporting Mechanism


          Penerima/penolak Gratifikasi                                             Unit Pengendali Gratifikasi
        Recipient/Objector of Gratification                                         Gratification Control Unit




                                           10 (sepuluh) hari kerja sejak                                                     10 (sepuluh) hari kerja sejak
                                            Gratifikasi diterima/ditolak                                                      Gratifikasi diterima/ditolak
                                          10 (ten) business days after the                                                  10 (ten) business days after the
                                        acceptance/rejection of gratification                                             acceptance/rejection of gratification




                                                                                    Rekapitulasi kepada KPK
                                                                                      Recapitulation to KPK

                                                                                                                           Mengikuti mekanisme
                                                                                                                            yang berlaku di KPK
                                                                                                                           Following Mechanism
                                                                                                                                  at KPK
            Status penerimaan
             Gratifikasi/Status                                                    Unit Pengendali Gratifikasi
          Penerimaan Pelaporan                                                    melakukan penetapan status
           Penolakan Gratifikasi                                                     penerimaan/penolakan
           Status of gratification                                              Gratification Control Unit Conduct
             acceptance/Status                                                    Monitoring over the status of
            of the Submission of                                                gratification acceptance/rejection
          Report on the Rejection
               of Gratification


Keterangan/Note:
Pelaporan Gratifikasi yang dilakukan melalui Whistleblowing System Jasa Marga akan ditindaklanjuti sesuai mekanisme Whistleblowing System yang berlaku di
Perseroan.
Gratification reports submitted through Jasa Marga's Whistleblowing System will be followed up in accordance with the Whistleblowing System mechanism applicable
within the Company.




Kegiatan Unit Pengendali Gratifikasi (UPG)                                              Gratification Control Unit (UPG) Activities
Tahun 2025                                                                             in 2025
                                                                                       Throughout 2025, the Gratification Control Unit (UPG)
Sepanjang tahun 2025, Unit Pengendali Gratifikasi (UPG)
                                                                                       carried out activities to control gratuities. These activities
melaksanakan kegiatan sebagai upaya pengendalian
                                                                                       included:
gratifikasi. Adapun kegiatan tersebut, yaitu:
                                                                                       1. Fraud Publication of Commitments and Implementation
1. Publikasi Komitmen dan Implementasi Tata Kelola
                                                                                           of Good Corporate Governance (GCG), Anti-Gratification
    Perusahaan yang Baik, Pengendalian Gratifikasi, Sistem
                                                                                           Controls, Anti-Bribery Management System (SMAP),
    Manajemen Anti Penyuapan (SMAP) dan Pencegahan.
                                                                                           and Fraud Prevention.
                                                                                           Jasa Marga publishes the Commitment and
     Jasa Marga menerbitkan publikasi Komitmen dan
                                                                                           Implementation of Good Corporate Governance (GCG),
     Implementasi Tata Kelola Perusahaan yang Baik,
                                                                                           Anti-Gratification Controls, Anti-Bribery Management
     Pengendalian Gratifikasi, Sistem Manajemen Anti
                                                                                           System (SMAP), and Fraud Prevention as the Company’s
     Penyuapan (SMAP) dan Pencegahan Fraud sebagai


752                                                                                           Laporan Tahunan 2025 Annual Report       PT Jasa Marga (Persero) Tbk
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Tata Kelola Perusahaan                Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance             Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




     realisasi komitmen Perseroan dalam implementasi dan                               commitment to governance and anti-gratification
     pengendalian gratifikasi yang disosialisasikan kepada                             measures. The publication is socialised to external
     pihak eksternal Perseroan sebagai para Pemangku                                   stakeholders of the Company through advertisements in
     Kepentingan       (stakehoders)  Perseroan.   Publikasi                           mass media and on social media, published in the run-up
     dimaksud dilakukan dalam bentuk Iklan di media massa                              to the Company’s anniversary, Eid al-Fitr, and the Nataru
     dan media sosial, yang diterbitkan menjelang HUT Jasa                             period (Year-End Holiday Season).
     Marga, Idul Fitri dan Nataru.

     Publikasi Komitmen dan Implementasi Tata Kelola                                   The Publication of Commitment and Implementation
     Perusahaan yang Baik, Pengendalian Gratifikasi, Sistem                            of Good Corporate Governance, Anti-Gratification
     Manajemen Anti Penyuapan dan Pencegahan Fraud                                     Controls, Anti-Bribery Management System (SMAP),
     selama 2025 adalah sebagai berikut:                                               and Fraud Prevention for 2025 is as follows:



Publikasi Komitmen dan Implementasi Tata Kelola Perusahaan yang Baik, Pengendalian Gratifikasi, SMAP dan Pencegahan Fraud
Publication of Commitments and Implementation of Good Corporate Governance (GCG), Anti-Gratification Controls, Anti-Bribery
Management System (SMAP), and Fraud Prevention




                   1                                                 2                                                       3




                       4                                                    5                                                    6



                              Penerbitan dan Tanggal Publikasi
                                                                                                        Media
                              Publication and Publication Date

                       Menjelang HUT Jasa Marga | Ahead of Jasa Marga's anniversary
              1.                                                                        Kontan
                       27/02/2025

                       Menjelang HUT Jasa Marga | Ahead of Jasa Marga's anniversary     Media Sosial
              2.
                       27/02/2025                                                       Social Media

                                                                                        •    Investor Daily
                       Menjelang Idul Fitri | Ahead of Eid al-Fitr
              3.                                                                        •    Kontan
                       24/04/2025
                                                                                        •    Media Indonesia

                       Menjelang Idul Fitri | Ahead of Eid al-Fitr                      Media Sosial
              4.
                       24/04/2025                                                       Social Media

                       Menjelang Nataru | Ahead of Christmas and New Year               •    Investor Daily
              5.
                       22/12/2025                                                       •    Kontan

                       Menjelang Nataru | Ahead of Christmas and New Year               Media Sosial
              6.
                       22/12/2025                                                       Social Media




PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                     753
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Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




2. Survey     Efektivitas  WBS,    Gratifikasi, Benturan            2. Effectiveness Survey of WBS, Gratification, Conflict of
   Kepentingan, Anti Fraud, dan SMAP                                   Interest, Fraud Prevention, and SMAP
   Pada tahun 2025, dilakukan Survey Efektivitas WBS,                  In 2025, a Survey of the Effectiveness of the WBS
   Gratifikasi, Benturan Kepentingan, Anti Fraud, dan                  (Whistleblowing System), Gratification, Conflicts of
   SMAP, dalam rangka melakukan pengukuran terhadap                    Interest, Fraud Prevention, and SMAP (Anti-Bribery
   efektivitas implementasi GCG di Perseroan.                          Management System) was conducted to measure the
                                                                       effectiveness of GCG (Good Corporate Governance)
                                                                       implementation within the Company.

     Survey dimaksud dilakukan dengan tujuan sebagai                   The survey was conducted with the following objectives:
     berikut:
     a. Mengukur tingkat pemahaman karyawan.                           a. To gauge employees’ level of understanding.
     b. Mengidentifikasi area yang perlu perbaikan.                    b. To identify areas requiring improvement.
     c. Mengevaluasi efektivitas sosialisasi dan pelatihan.            c. To evaluate the effectiveness of communications
                                                                          and training.
     d. Memenuhi Sasaran SMAP terkait tingkat pemahaman                d. To meet the SMAP target regarding the level of
        SMAP.                                                             SMAP understanding.

     Kegiatan yang dilakukan adalah sebagai berikut:                   Activities undertaken:
     a. Membuat perencanaan survey.                                    a. Development of survey planning.
     b. Pengembangan materi survey.                                    b. Development of survey materials.
     c. Pelaksanaan survey.                                            c. Conducting the survey.
     d. Koordinasi unit terkait.                                       d. Coordination with relevant units.
     e. Pengumpulan Data Survei.                                       e. Collection of survey data.
     f. Analisis kuantitatif dan evaluasi hasil survey.                f. Quantitative analysis and evaluation of survey results.
     g. Pembuatan Visualisasi Data.                                    g. Data visualisation.
     h. Dokumentasi hasil survey sebagai bukti kepatuhan.              h. Documentation of survey findings as evidence of
                                                                           compliance.
     i.   Penyusunan laporan dan penyampaian kepada                    i. Preparation of the report and submission to Senior
          Manajemen Puncak.                                                Management.

   Survey dilakukan terhadap karyawan unit kerja Kantor                The survey was administered to employees across
   Pusat, Regional, dan Anak Perusahaan melalui Aplikasi               Headquarters, Regional offices, and Subsidiaries via the
   JM Click dengan persentase target kelulusan sebesar                 JM Click application, with a passing target of 75%. Based
   75%. Berdasarkan hasil survey, dari 1044 jumlah                     on the survey results, out of 1,044 respondents to the
   karyawan yang menjadi responden Survey Pemahaman                    SMAP Understanding Survey, 945 participants achieved
   SMAP, sebanyak 945 peserta survey memenuhi                          a passing score of 70 or higher, equivalent to 90.5% of
   passing score 70 atau setara dengan 90.5% responden                 respondents passing. Consequently, the percentage of
   yang dinyatakan lulus. Dengan demikian, persentase                  passing respondents exceeded the established target.
   responden yang lulus lebih tinggi dari target yang
   ditetapkan.
3. Peringatan Hari Anti Korupsi Sedunia (Hakordia)                  3. World Anti-Corruption Day (Hakordia)
   Pada tahun 2025, dalam rangka memperingati                          In 2025, to mark World Anti-Corruption Day
   Peringatan Hari Anti Korupsi Sedunia (Hakordia) 2025,               (Hakordia) 2025, Jasa Marga organised the Hakordia
   Jasa Marga menyelenggarakan kegiatan Legal Summit                   Commemoration Legal Summit and a Seminar on the
   Peringatan Hakordia dan Seminar Dampak UU KUHAP                     Impact of the KUHAP Law, with the theme “Enforcing
   dengan tema “Penegakan Tindak Pidana Korupsi Ditinjau               Corruption Offences: A Perspective from the Business
   dari Prinsip Business Judgement Rule” pada tanggal 15               Judgement Rule” on December 15, 2025. In the second
   Desember 2025. Kemudian pada sesi kedua, narasumber                 session, a speaker delivered a presentation on “Strategic
   memberikan paparan tentang “Pedoman Strategis Bagi                  Guidelines for Corporates in Responding to KUHAP
   Korporasi dalam Menghadapi Implementasi UU KUHAP”.                  Implementation”.

     Penyelenggaraan kegiatan dilaksanakan secara luring               The event was conducted in person at Hotel Avenzel
     bertempat di Hotel Avenzel Cibubur, Jakarta dan secara            Cibubur, Jakarta, and online via Zoom.
     daring melalui zoom meeting.

     Perseroan menghadirkan beberapa nasarumber yang                   The Company engaged several speakers from credible
     berasal dari lembaga-lembaga yang kredibel untuk                  institutions to deliver presentations, with attendance by
     memberikan paparan yang dihadiri Insan Jasa Marga                 Jasa Marga personnel both onsite and online.
     baik secara luring maupun daring.




754                                                                     Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 755
06                                   07                                        08
Tata Kelola Perusahaan               Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance            Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Paparan dan Narasumber dalam Hakordia
Presentations and Speakers at Hakordia


                                          Paparan                                                                    Narasumber
 No.                                    Presentation                                                               Resource Person
  1.     Penegakan Tindak Pidana Korupsi Ditinjau dari Prinsip Business Judgement Rule     1.   Yudi Purnomo Harahap (Penyidik KPK | KPK investigator)
         Enforcing Corruption Offences: A Perspective from the Business Judgement Rule     2.   M. Agus Salim (Hakim Ad-Hoc Tindak Pidana Korupsi Pengadilan
                                                                                                Negeri Jakarta Pusat | Ad Hoc Judge for Corruption Crimes at the
                                                                                                Central Jakarta District Court)

  2.     Pedoman Strategis bagi Korporasi dalam Menghadapi Implementasi KUHAP 2025         Bobby R Manalu (Partner Siregar Setiawan Manalu Partnership)
         Strategic Guidelines for Corporates in Responding to KUHAP Implementation 2025



4. Pelatihan Terkait Anti Korupsi/Anti Fraud/Anti Penyuapan                        4. Training Related to Anti-Corruption/Anti-Fraud/Anti-
   Selama tahun 2025, Perseroan menyelenggarakan                                      Bribery
   pelatihan dengan menghadirkan beberapa narasumber                                  During 2025, the Company organised training sessions
   dari    lembaga-lembaga        yang     kredibel   untuk                           featuring several speakers from credible institutions
   memberikan paparan terkait anti korupsi/anti fraud,                                to deliver presentations on anti-corruption/anti-fraud
   yang diselenggarakan bersamaan dengan acara yang                                   topics. These sessions were run in conjunction with
   diselenggarakan Perseroan yang dihadiri Insan Jasa                                 events hosted by the Company and attended by Insan
   Marga baik secara luring maupun daring.                                            Jasa Marga both in-person and online.

       Rincian kegiatan pemaparan terkait                   anti   korupsi               The details of the anti-corruption presentations are as
       dimaksud adalah sebagai berikut:                                                  follows:

       Pelatihan Anti Korupsi/Anti Fraud/Anti Penyuapan
       Anti-Corruption/Anti-Fraud/Anti-Bribery Training


                Tanggal Pelatihan                     Pelatihan                                   Narasumber                                Tempat
        No.                                            Training
                  Training Date                                                                 Resource Person                              Place
         1.    12-13 Juni 2025          Awareness SMAP                             PT Madhava Dwikarya Technology                 Classroom JLI
               June 12-13, 2025

         2.    15 Desember 2025         Penegakan Tindak Pidana Korupsi Ditinjau   1.     Yudi Purnomo Harahap (Penyidik KPK)     Luring: Hotel Avenzel Cibubur
               December 15, 2025        dari Prinsip Business Judgement Rule       2.     M. Agus Salim (Hakim Ad-Hoc Tindak      Jakarta
                                        Enforcement of Corruption Crimes                  Pidana Korupsi Pengadilan Negeri        Daring: aplikasi Zoom Meeting
                                        Reviewed from the Principle of Business           Jakarta Pusat | Ad Hoc Judge for        Offline: Hotel Avenzel Cibubur
                                        Judgement Rule                                    Corruption Crimes at the Central        Jakarta Online: Zoom Meeting
                                                                                          Jakarta District Court)                 application




Penerimaan Laporan Gratifikasi                                                      Receipt of Gratuity Reports
Selama tahun 2025, tidak terdapat Laporan Gratifikasi yang                         In 2025, no Gratuity Reports were submitted to the UPG.
masuk ke UPG.




PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                                    755
Page 756
01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




Kebijakan Pengadaan Barang dan Jasa
Procurement Policy

Kebijakan Perseroan dalam menerapkan Pengadaan                      The Company's policy on the procurement of goods and
Barang dan Jasa tertuang dalam Keputusan Direksi                    services is outlined in Board of Directors Decree No. 110/
No. 110/KPTS/2023 tanggal 25 September 2023 tentang                 KPTS/2023 dated September 25, 2023, on Guidelines for
Pedoman Pelaksanaan Pengadaan Barang dan Jasa di                    the Procurement of Goods and Services within PT Jasa
Lingkungan PT Jasa Marga (Persero) Tbk yang mengacu                 Marga (Persero) Tbk, which refers to Minister of SOE
pada Peraturan Menteri BUMN Nomor PER-2/MBU/03/2023                 Regulation No. PER-2/MBU/03/2023 dated March 24, 2023,
tanggal 24 Maret 2023 tentang Pedoman Tata Kelola dan               on Guidelines for Corporate Governance and Significant
Kegiatan Korporasi Signifikan Badan Usaha Milik Negara.             Corporate Activities of State-Owned Enterprises.

Kebijakan ini mengatur proses Pengadaan Barang dan                  This policy governs the Goods and Services Procurement
Jasa mulai dari Tahap Perencanaan, Pemilihan Penyedia,              process from the Planning Stage through Selection of
Pelaksanaan Kontrak sampai dengan Serah Terima                      Providers, Contract Implementation, and Handover of Work,
Pekerjaan sesuai dengan tugas dan kewenangan Para Pihak             in accordance with the Parties' duties and authorities.
dalam proses Pengadaan Barang dan Jasa.

Selain Keputusan Direksi tersebut, pelaksanaan teknis               In addition to the Board of Directors' Decree, the technical
Pengadaan Barang dan Jasa di lingkungan Perseroan juga              implementation of Goods and Services Procurement within
berpedoman pada Keputusan Procurement and Fixed Asset               Persero adheres to the Procurement and Fixed Asset Group
Group Head No. 79/KPTS-GH/2022 tanggal 17 Mei 2022                  Head Decree No. 79/KPTS-GH/2022 dated May 17, 2022, on
tentang Pedoman Teknis Pelaksanaan Pengadaan Barang                 Technical Guidelines for the Implementation of Goods and
dan Jasa di Lingkungan PT Jasa Marga (Persero) Tbk.                 Services Procurement within PT Jasa Marga (Persero) Tbk.

Selain Keputusan Direksi tersebut, pelaksanaan teknis               Selain Keputusan Direksi tersebut, pelaksanaan teknis
Pengadaan Barang dan Jasa di lingkungan Perseroan juga              Pengadaan Barang dan Jasa di lingkungan Perseroan juga
berpedoman pada Keputusan Procurement and Fixed Asset               berpedoman pada Keputusan Procurement and Fixed Asset
Group Head No. 79/KPTS-GH/2022 tanggal 17 Mei 2022                  Group Head No. 79/KPTS-GH/2022 tanggal 17 Mei 2022
tentang Pedoman Teknis Pelaksanaan Pengadaan Barang                 tentang Pedoman Teknis Pelaksanaan Pengadaan Barang
dan Jasa di Lingkungan PT Jasa Marga (Persero) Tbk.                 dan Jasa di Lingkungan PT Jasa Marga (Persero) Tbk.

Penyusunan dokumen yang digunakan oleh Panitia Pemilihan            Penyusunan dokumen yang digunakan oleh Panitia Pemilihan
pada proses Pengadaan Barang dan Jasa berpedoman pada               pada proses Pengadaan Barang dan Jasa berpedoman pada
Keputusan PFA Group Head Nomor 207/KPTS/2022 tanggal                Keputusan PFA Group Head Nomor 207/KPTS/2022 tanggal
7 Desember 2022 tentang Pedoman Standar Dokumen                     7 Desember 2022 tentang Pedoman Standar Dokumen
Kualifikasi, Informasi Umum dan Instruksi Kepada Peserta di         Kualifikasi, Informasi Umum dan Instruksi Kepada Peserta di
Lingkungan PT Jasa Marga (Persero) Tbk.                             Lingkungan PT Jasa Marga (Persero) Tbk.


Kebijakan Umum Pengadaan Barang dan                                 General Policy on Goods and Services
Jasa                                                                Procurement
Kebijakan Umum Pengadaan Barang dan Jasa sesuai                     General Policy on Procurement of Goods and Services
dengan Keputusan Direksi No. 110/KPTS/2023 tanggal 25               in accordance with Board of Directors Decree No. 110/
September 2023 tentang Pedoman Pelaksanaan Pengadaan                KPTS/2023 dated September 25, 2023 on Guidelines for
Barang dan Jasa di Lingkungan PT Jasa Marga (Persero)               the Implementation of Procurement of Goods and Services
Tbk, yaitu:                                                         within PT Jasa Marga (Persero) Tbk, namely:
1. Meningkatkan kualitas perencanaan yang konsolidatif              1. Improving the quality of consolidated planning and
   dan strategi Pengadaan Barang dan Jasa guna                          procurement strategies for goods and services to
   mengoptimalkan value for money;                                      optimize value for money;
2. Menyelaraskan tujuan Pengadaan Barang dan Jasa                   2. Aligning the objectives of Goods and Services
   dengan pencapaian tujuan Perusahaan;                                 Procurement with the achievement of the Company’s
                                                                        objectives;
3. Melaksanakan Pengadaan Barang dan Jasa yang lebih                3. Conducting procurement of goods and services that is
   transparan, kompetitif, dan akuntabel;                               more transparent, competitive, and accountable;
4. Mengutamakan produk dalam negeri sesuai ketentuan                4. Prioritizing domestic products in accordance with
   pendayagunaan produksi dalam negeri;                                 regulations on the utilization of domestic production;
5. Memberi kesempatan pada pelaku usaha nasional,                   5. Providing opportunities for national businesses, micro
   Usaha Mikro dan Usaha Kecil;                                         businesses, and small businesses;
6. Memperkuat kapasitas kelembagaan dan Sumber Daya                 6. Strengthening institutional capacity and human resources
   Manusia di bidang Pengadaan Barang dan Jasa;                         in the field of Goods and Services Procurement;



756                                                                     Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 757
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




7. Memanfaatkan teknologi informasi;                                  7. Utilizing information technology;
8. Memberikan kesempatan kepada Anak Perusahaan dan/                  8. Providing opportunities to subsidiaries and/or synergies
    atau sinergi antar BUMN dan/atau Anak Perusahaan                      between SOEs and/or subsidiaries and/or companies
    dan/atau Perusahaan Terafiliasi BUMN;                                 affiliated with SOEs;
9. Melaksanakan Pengadaan Barang dan Jasa yang                        9. Implementing strategic, modern, innovative, and/or
    strategis, modern, inovatif, dan/atau;                                procurement of goods and services; and/or
10. Memperkuat pengukuran kinerja Pengadaan Barang dan                10. Strengthening the measurement of performance
    Jasa dan pengelolaan risiko.                                          in the procurement of goods and services and risk
                                                                          management.


Etika Perseroan dalam Penyediaan Barang                               Company Ethics in Goods and Services
dan Jasa                                                              Procurement
Perseroan melaksanakan pengadaan barang dan jasa                      The     Company      conducts       procurement      of    goods
berdasarkan prinsip-prinsip efisien, efektif, kompetitif,             and services based on the principles of efficiency,
transparan, adil danwajar, terbuka dan akuntabel. Perilaku            effectiveness, competitiveness, transparency, fairness
etis yang diharapkan dalam berhubungan dengan penyedia                and reasonableness, openness, and accountability. The
barang dan jasa sesuai dengan Keputusan Direksi No. 110/              ethical behavior expected in dealing with goods and
KPTS/2023 tanggal 25 September 2023 tentang Pedoman                   services providers is in accordance with Board of Directors
Pelaksanaan Pengadaan Barang dan Jasa di Lingkungan                   Decree No. 110/KPTS/2023 dated September 25, 2023, on
PT Jasa Marga (Persero) Tbk, yaitu:                                   Guidelines for the Implementation of Goods and Services
                                                                      Procurement within PT Jasa Marga (Persero) Tbk, namely:
1.   Melaksanakan tugas secara tertib disertai rasa                   1. Performing duties in an orderly manner with a sense of
     tanggung jawab untuk mencapai sasaran, kelancaran,                   responsibility to achieve the objectives, smoothness,
     dan ketepatan tujuan Pengadaan Barang dan Jasa;                      and accuracy of the Goods and Services Procurement;
2.   Bekerja secara profesional, mandiri, dan menjaga                 2. Working professionally, independently, and maintaining
     kerahasiaan informasi yang menurut sifatnya harus                    the confidentiality of information that, by its nature,
     dirahasiakan      untuk  mencegah      penyimpangan                  must be kept confidential to prevent deviations in the
     Pengadaan Barang dan Jasa;                                           procurement of goods and services;
3.   Tidak saling mempengaruhi baik langsung maupun tidak             3. Avoid influencing each other, either directly or indirectly,
     langsung yang berakibat persaingan usaha tidak sehat;                which could result in unfair business competition;
4.   Menerima dan bertanggung jawab atas segala                       4. Accepting and being responsible for all decisions made
     keputusan yang ditetapkan sesuai dengan kesepakatan                  in accordance with the written agreement of the relevant
     tertulis pihak terkait;                                              parties;
5.   Menghindari dan mencegah terjadinya Benturan                     5. Avoiding and preventing conflicts of interest of related
     Kepentingan pihak yang terkait, baik secara langsung                 parties, either directly or indirectly, which result in unfair
     maupun tidak langsung, yang berakibat persaingan                     business competition in the Procurement of Goods and
     usaha tidak sehat dalam Pengadaan Barang dan Jasa;                   Services;
6.   Menghindari dan mencegah pemborosan dan kebocoran                6. Avoiding and preventing waste and leakage of state/
     keuangan negara/Perusahaan;                                          company finances;
7.   Menghindari dan mencegah penyalahgunaan wewenang                 7. Avoiding and preventing abuse of authority and/or
     dan/atau kolusi; dan                                                 collusion; and
8.   Tidak menerima, tidak menawarkan dan/atau tidak                  8. Not accepting, offering, and/or promising to give or
     menjanjikan untuk memberi atau menerima hadiah,                      receive gifts, rewards, commissions, rebates, and
     imbalan, komisi, rabat dan apa saja dari atau kepada                 anything else from or to anyone known or reasonably
     siapa pun yang diketahui atau patut diduga berkaitan                 suspected to be related to the Procurement of Goods
     dengan Pengadaan Barang dan Jasa.                                    and Services.


Transformasi Pengadaan Barang dan Jasa                                Transformation of Goods and Services
                                                                      Procurement
Transformasi Pengadaan Barang dan Jasa di Perseroan                   The transformation of Goods and Services Procurement in
dilaksanakan sebagai berikut:                                         the Company is carried out as follows:
1. Peningkatan fungsi dan peran Procurement and Fixed                 1. Enhancing the functions and roles of the Procurement
    Asset Group sebagai 1 (satu) unit kerja yang berada                   and Fixed Asset Group as a single work unit under the
    di bawah Corporate Secretary,dengan peningkatan                       Corporate Secretary, whereby the enhanced roles and
    peran dan fungsi dari Procurement and Fixed Asset                     functions of the Procurement and Fixed Asset Group
    Group maka Pengadaan Barang dan Jasa dapat lebih                      will enable the procurement of goods and services to be
    dilaksanakan secara efektif dan efisien;                              carried out more effectively and efficiently;
2. Perubahan Kebijakan Pengadaan Barang dan Jasa sesuai               2. Changes to the Goods and Services Procurement
    dengan proses bisnis di Perseroan serta kebutuhan                     Policy in accordance with the Company’s business
    Pengadaan Barang dan Jasa di Perseroan dengan                         processes and Goods and Services Procurement needs,
    tetap mengutamakan kepatuhan terhadap Peraturan                       while still prioritizing compliance with applicable laws
    Perundang-undangan yang berlaku dan prinsip-prinsip                   and regulations and the principles of Good Corporate
    Good Corporate Governance;                                            Governance;


PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                757
Page 758
01                           02                  03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile          Management Discussion and Analysis       Business Support Functions




3. Perencanaan Pengadaan yang merupakan Identifikasi                3. Procurement planning, which is the identification of the
   kebutuhan atas Barang dan Jasa Perseroan.                            Company’s needs for Goods and Services. Procurement
   Perencanaan Pengadaan disusun selaras dengan                         planning is prepared in line with the preparation of the
   penyusunan Rencana Kerja Anggaran Perusahaan                         Company’s Work and Budget Plan (RKAP) in the form
   (RKAP) dalam bentuk Rencana Umum Pengadaan (RUP)                     of a General Procurement Plan (RUP) and becomes the
   dan menjadi dasar dalam melaksanakan Pengadaan                       basis for implementing the Procurement of Goods and
   Barang dan Jasa setelah ditetapkannya Rencana Umum                   Services after the General Procurement Plan has been
   Pengadaan tersebut;                                                  determined;
4. Pengembangan sistem Aplikasi e-Procurement di                    4. Development of an e-Procurement Application system in
   Perseroan yang disesuaikan dengan proses bisnis dan                  the Company that is tailored to the business processes
   kebutuhan Pengadaan Barang dan Jasa di Perseroan;                    and needs of Goods and Services Procurement in the
                                                                        Company;
5. Implementasi Pasar Digital (PaDi) UMKM BUMN kepada               5. Implementasi Pasar Digital (PaDi) UMKM BUMN kepada
   Kantor Pusat, Regional Division sampai dengan Anak                   Kantor Pusat, Regional Division sampai dengan Anak
   Perusahaan Jalan Tol dan Service Provider. Kontribusi                Perusahaan Jalan Tol dan Service Provider. Kontribusi
   Perseroan pada PaDi UMKM BUMN tersebut kini telah                    Perseroan pada PaDi UMKM BUMN tersebut kini telah
   terdapat 717 penyedia yang tergabung dalam Pengampu                  terdapat 717 penyedia yang tergabung dalam Pengampu
   PT Jasa Marga untuk jumlah transaksi Per 31 Desember                 PT Jasa Marga untuk jumlah transaksi Per 31 Desember
   2025 terdapat 717 (data per Desember 2025) transaksi                 2025 terdapat 717 (data per Desember 2025) transaksi
   dengan nilai transaksi sebesar Rp133.467.676.650 (data               dengan nilai transaksi sebesar Rp133.467.676.650 (data
   per Desember 2025);                                                  per Desember 2025);
6. Sosialisasi Peraturan tentang Pedoman Pengadaan                  6. Dissemination of Regulations on Guidelines for Procurement
   Barang dan Jasa kepada Pihak Internal (Kantor Pusat dan              of Goods and Services to Internal Parties (Head Office
   regional) dan Proses Ratifikasinya di Anak Perusahaan                and regional offices) and the Ratification Process in
   dilakukan secara bertahap dan berkala;                               Subsidiaries is carried out gradually and periodically;
7. Sosialisasi kebijakan implementasi P3DN pada key                 7. Dissemination of the P3DN implementation policy to
   resources (Sumber Daya Kunci) di lingkungan Jasa                     key resources within the Jasa Marga Group, including
   Marga Grup termasuk Anak Perusahaan, serta pihak                     subsidiaries, as well as external parties, namely goods
   eksternal yaitu penyedia barang dan jasa;                            and service providers;
8. Pelaksanaan Perencanaan, Monitoring dan Evaluasi                 8. Implementation of Planning, Monitoring, and Evaluation
   P3DN di lingkungan Jasa Marga Grup;                                  of P3DN within the Jasa Marga Group;
9. Pemanfaatan Aplikasi Pengadaan Digital yaitu:                    9. Utilization of the Digital Procurement Application,
                                                                        namely:
    a. Daftar Rekanan Jasa Marga (DRJM);                                a. Jasa Marga Partner List (DRJM);
    b. Rencana Umum Pengadaan (RUP);                                    b. General Procurement Plan (RUP);
    c. e-Catalogue;                                                     c. e-Catalogue;
    d. e-Tender;                                                        d. e-Tender;
    e. e-Invoice;                                                       e. e-Invoice;
    f. e-Dashboard.                                                     f. e-Dashboard.
10. Penyesuaian Pedoman Pelaksanaan Pengadaan Barang                10. Adjustment of the Guidelines for the Implementation
    dan Jasa di Lingkungan PT Jasa Marga (Persero) Tbk                  of Goods and Services Procurement within PT Jasa
    yang mengacu pada Peraturan Menteri BUMN No. PER-2/                 Marga (Persero) Tbk, which refers to the Minister of SOE
    MBU/03/2023 tanggal 24 Maret 2023 tentang Pedoman                   Regulation No. PER-2/MBU/03/2023 dated March 24, 2023,
    Tata Kelola dan Kegiatan Korporasi Signifikan Badan                 on Guidelines for Corporate Governance and Significant
    Usaha Milik Negara; dan                                             Corporate Activities of State-Owned Enterprises; and
11. Enhancement sistem e-procurement dengan fitur P3DN              11. Enhancement of the e-procurement system with P3DN
    untuk mendorong implementasi P3DN pada proses                       features to encourage its implementation in the planning
    perencanaan Pengadaan Barang dan Jasa.                              process for the Procurement of Goods and Services.


Implementasi Kebijakan Penggunaan                                   Domestic Component Level (P3DN) Policy
Tingkat Komponen Dalam Negeri (P3DN)                                Implementation
Berdasarkan INPRES No. 2 Tahun 2022 Tentang Percepatan              Based on Presidential Instruction No. 2 of 2022 on the
Peningkatan Penggunaan Produk Dalam Negeri dan Produk               Acceleration of Increasing the Use of Domestic Products
Usaha Mikro, Usaha Kecil, dan Koperasi dalam rangka                 and Products of Micro, Small Businesses, and Cooperatives
menyukseskan Gerakan Nasional Bangga Buatan Indonesia               to succeed in the National Movement of Pride in Indonesian
Pada Pelaksanaan Pengadaan Barang/Jasa Pemerintah,                  Products in the Implementation of Government Goods/
maka dilakukan Pembentukan Tim P3DN melalui Surat                   Services Procurement, a P3DN Team was formed through
Keputusan Direksi No. 147/KPTS/2023 tanggal 14 November             Board of Directors Decree No. 147/KPTS/2023 dated
2023 tentang Pembentukan Tim Peningkatan Penggunaan                 November 14, 2023, on the Formation of a Team for the
Produk Dalam Negeri (P3DN) Di Lingkungan Jasa Marga                 Increased Use of Domestic Products (P3DN) within the
Grup dan Keputusan Direksi No. 71/KPTS/2022 tanggal 2               Jasa Marga Group and Board of Directors Decree No. 71/
Juni 2022 tentang Roadmap Penggunaan Produk Dalam                   KPTS/2022 dated June 2, 2022, on the Roadmap for the Use
Negeri dan Tingkat Komponen Dalam Negeri (TKDN) Di                  of Domestic Products and the Domestic Component Level
Lingkungan PT Jasa Marga (Persero) Tbk.                             (TKDN) within PT Jasa Marga (Persero) Tbk.


758                                                                     Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 759
06                                          07                                                  08
Tata Kelola Perusahaan                      Tanggung Jawab Sosial Perusahaan                    Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance                   Corporate Social Responsibility                     Reference of POJK, SEOJK, and ARA Criteria




Penerapan e-Procurement                                                                            e-Procurement Implementation
e-Procurement adalah Sistem Pengadaan Barang dan                                                   E-Procurement is a Goods and Services Procurement
Jasa yang digunakan untuk proses Pemilihan Penyedia                                                System used for the selection of Goods and Services
Barang dan Jasa di Lingkungan Unit Kerja Kantor Pusat                                              Providers within the Head Office and Regional Division Work
dan Regional Division, yang dikembangkan sesuai dengan                                             Units, developed per the Procurement process and the
proses Pengadaan dan ketentuan Pelaksanaan Pengadaan                                               applicable Goods and Services Procurement Implementation
Barang dan Jasa yang berlaku di lingkungan Perseroan.                                              provisions within the Company.

Implementasi e-Procurement di Perseroan didasarkan                                                 The e-Procurement implementation in the Company is based
pada Keputusan Direksi Nomor 110/KPTS/2023 tanggal                                                 on Board of Directors Decree No. 110/KPTS/2023 dated
25 September 2023 tentang Pedoman Pelaksanaan                                                      September 25, 2023 on Guidelines for the Implementation
Pengadaan Barang dan Jasa di Lingkungan PT Jasa Marga                                              of Goods and Services Procurement within PT Jasa
(Persero) Tbk yang mengacu pada Peraturan Menteri BUMN                                             Marga (Persero) Tbk, which refers to the Minister of SOE
Nomor PER-2/MBU/03/2023 tanggal 24 Maret 2023 tentang                                              Regulation No. PER-2/MBU/03/2023 dated March 24, 2023
Pedoman Tata Kelola dan Kegiatan Korporasi Signifikan                                              on Guidelines for Corporate Governance and Significant
Badan Usaha Milik Negara.                                                                          Corporate Activities of State-Owned Enterprises.

Jasa Marga senantiasa mengembangkan implementasi                                                   Jasa Marga continues to develop its e-Procurement
e-Procurement      dan    sejak   tahun     2020    dan                                            implementation, and since 2020, it has implemented
mengimplementasikan e-Procurement sehingga proses                                                  e-Procurement, making the Supplier Selection process
Pemilihan Penyedia oleh Panitia Pemilihan menjadi lebih                                            by the Selection Committee more transparent and
transparan dan dapat dipantau secara menyeluruh. Bagi                                              more comprehensively monitorable. For the Company,
Perseroan, e-Procurement tidak hanya meningkatkan                                                  e-Procurement not only increases transparency but also
transparansi, tetapi juga meningkatkan efisiensi dengan                                            enhances efficiency with competitive prices and a more
harga yang kompetitif, dan siklus pengadaan yang lebih                                             effective procurement cycle. The implementation of Goods
efektif. Implementasi Pengadaan Barang dan Jasa dengan                                             and Services Procurement using e-Procurement is also
e-Procurement juga dilakukan dengan menggunakan standar                                            carried out in accordance with the Anti-Bribery Management
Sistem Manajemen Anti Penyuapan (SMAP) ISO: 37001                                                  System (ABMS) ISO: 37001 standard to prevent conflicts of
untuk menghindari terjadinya Benturan Kepentingan di                                               interest in the procurement of goods and services.
bidang Pengadaan Barang dan Jasa.

                                                           Bagan Sistem Aplikasi e-Procurement Barang dan Jasa
                                                           Chart of e-Procurement Goods and Services App System



                                                                                            6
                                                                                Modul Aplikasi
                                                                              Application Modules
                                                                              Modules E-Procurement
                                                                                   Jasa Marga


                             1                                                              2                                                      3
            DAFTAR REKANAN JASA MARGA
  Sebagai sarana pendaftaran Penyedia Barang/Jasa
    yang akan mengikuti proses pengadaan Barang/                                                                                           E-CATALOGUE
   Jasa di Lingkungan Jasa Marga dan Menyediakan                          RENCANA UMUM PENGADAAN (RUP)
                                                                                                                              Menyediakan Barang sesuai kebutuhan Jasa
       Daftar Penyedia Barang/Jasa yang sesuai                           Rencana Umum Pengadaan (RUP) yang
                                                                                                                               Marga dan dapat langsung dibeli secara
                kebutuhan Jasa Marga                                      disusun untuk periode 1 tahun sesuai
                                                                                                                                               online
                                                                                     dengan RKAP
   JASA MARGA VENDOR LIST MANAGEMENT (DRJM)                                                                                                  E-CATALOGUE
   As a means of registering goods/services providers                       PROCUREMENT GENERAL PLAN
                                                                                                                                Provide Goods based on requirement of
     who will follow the process of procuring goods/                     Procurement General Plan that prepared
                                                                                                                              Jasa Marga’s requirement and available to be
    services within the Jasa Marga environment and                           for 1 year period based on RKAP
                                                                                                                                           purchased online.
  providing a list of goods/services providers according
                   to Jasa Marga’s needs



                         6                                                                  5                                                       4
                                                                                     E-INVOICE
                 E-DASHBOARD                                         Menyediakan sarana informasi dan penagihan                                E-TENDER
     Menyediakan informasi untuk monitoring                      pembayaran secara elektronik yang terintegrasi dengan           Menyediakan sarana Pemilihan Penyedia
      proses Pengadaan Barang/Jasa Secara                         SAP Jasa Marga untuk proses pembayaran yang telah              Barang/Jasa secara elektronik khususnya
                  menyeluruh                                        dilaksanakan melalui E-Tender dan E-Catalogue                    untuk Metode Tender/Seleksi dan
                                                                                                                                          Penunjukan Langsung
                   E-DASHBOARD                                                             E-INVOICE
       Provide information for comprehensive                        Providing electronic payment information and billing                          E-TENDER
       Goods/Services Procurement process                          facilities that are integrated with SAP Jasa Marga for       Provide electronic Goods/Services Suppliers
                     monitoring.                                  payment processes that have been carried out through           Selection, particularly for Tender/Selection
                                                                                  E-Tender and E-Catalogue                             and Direct Selection Methods.




Modul aplikasi sistem e-Procurement yang telah terintegrasi                                        The e-Procurement system app module integrated with
dengan SAP adalah terkait dengan e-Invoice yang digunakan                                          SAP is related to e-Invoice, which is used for online billing
untuk penagihan secara online oleh Penyedia Barang dan                                             by Goods and Services Providers. The management of Jasa


PT Jasa Marga (Persero) Tbk             Laporan Tahunan 2025 Annual Report                                                                                                      759
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01                                  02                              03                          04                                            05
Ikhtisar Kinerja Utama              Laporan Manajemen               Profil Perusahaan            Analisa dan Pembahasan Manajemen              Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report               Company Profile              Management Discussion and Analysis            Business Support Functions




Jasa. Pengelolaan Daftar Rekanan Jasa Marga (DRJM) sejak                               Marga’s Service Partner List (DRJM) since 2020 has been
tahun 2020 dilaksanakan berdasarkan data administrasi                                  carried out based on the general administrative data of
umum perusahaan Penyedia Barang dan Jasa sebagai syarat                                Goods and Services Providers as a prerequisite for Provider
Pra Kualifikasi Penyedia, yang meliputi sebagai berikut:                               Pre-Qualification, which includes the following:
1. Akta Pendirian dan Perubahan Terakhir Perusahaan;                                   1. Company Articles of Association and Latest Amendments;
2. Laporan keuangan Perusahaan yang telah Audit KAP;                                   2. Company financial statements that have been audited
                                                                                           by a public accounting firm;
3.   Kepemilikan Izin Perusahaan;                                                      3. Company License Ownership;
4.   Laporan Pajak Tahunan Perusahaan;                                                 4. Company Annual Tax Reports;
5.   Pengalaman Pekerjaan Perusahaan; dan                                              5. Company Work Experience; and
6.   Kepemilikan Sertifikat Keahlian dari Personal Perusahaan.                         6. Company Personnel’s Professional Certification.


Bagan Pengelolaan Daftar Rekanan Jasa                                                  Chart of Jasa Marga Service Partners
Marga                                                                                  Managemenet

                                                         Verifikator                                                                           Aktivator
                 Vendor                                                                               Evaluator
                                                         Verificator                                                                           Activator



                Mulai                                       Mulai                                       Mulai                                    Mulai
                Start                                       Start                                       Start                                    Start




           Registrasi DRJM                         Verifikasi data Vendor                        Evaluasi data Vendor                     Aktivasi Vendor
          DRJM Registration                        Vendor data verification                     Vendor data Evaluation                    Vendor Activation




              Mengisi data                               Memenuhi                                    Memenuhi
               Kualifikasi                              Persyaratan                                 Persyaratan
       Fill in qualification data           No             Fullfill           Ya         No            Fullfill          Ya
                                           Tidak        Requirement           Yes       Tidak       Requirement          Yes
                                                                                                                                                Selesai
                                                                                                                                                 Finish
                                                         Ya
                                                         Yes

                                                                                                                               Keterangan/Remarks:
            Mengajukan
                                         Memberi Persetujuan
           Perubahan data                                                                                                        Registrasi Vendor    Update data Vendor
                                           Give Approval
        Propose Data Change                                                                                                     Vendor Registration   Vendor Data Update




Sejak Oktober 2020, Jasa Marga juga melakukan                                          Since October 2020, Jasa Marga has also added an
penambahan evaluasi Penilaian Tingkat Risiko Penyuapan                                 evaluation of the Corruption Risk Assessment of Goods
Penyedia Barang dan Jasa dan Form Deklarasi Integritas                                 and Service Providers and the Integrity Declaration Form
sebagai bentuk implementasi ISO: 37001 Sistem Manajemen                                as part of the implementation of ISO: 37001 Anti-Bribery
Anti Penyuapan (SMAP) dalam proses Pengadaan Barang                                    Management System (SMAP) in the Goods and Services
dan Jasa di lingkungan Perseroan.                                                      Procurement process within the Company.


Pakta Integritas Penyedia Barang dan                                                   Integrity Pact for Goods and Services
Jasa                                                                                   Providers
Sebagai bentuk komitmen penerapan GCG serta dalam                                      As a form of commitment to the implementation of GCG
rangka penerapan ISO: 37001 tentang Sistem Manajemen                                   and in the context of implementing ISO: 37001 on Anti-
Anti Penyuapan (SMAP), Penyedia Barang dan Jasa                                        Bribery Management Systems (SMAP), Goods and Services
diwajibkan untuk menandatangani Pakta Integritas dan                                   Providers are required to sign an Integrity Pact and Integrity
Formulir Deklarasi Integritas Penyedia Barang dan Jasa.                                Declaration Form for Goods and Services Providers.


Pakta Integritas Insan Jasa Marga                                                      Integrity Pact for Jasa Marga Personnel
Dalam setiap proses pengadaan barang dan jasa, Perseroan                               In every procurement process, the Company also requires
juga mewajibkan Insan Jasa Marga untuk menandatangani                                  Jasa Marga Personnel to sign an Integrity Pact to ensure
Pakta Integritas sebagai bentuk tidak adanya benturan                                  non-conflict of interest and transparency.
kepentingan dan sebagai wujud transparansi dalam proses
pengadaan barang dan jasa.


760                                                                                             Laporan Tahunan 2025 Annual Report       PT Jasa Marga (Persero) Tbk
Page 761
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Laporan Harta Kekayaan
Penyelenggara Negara (LHKPN)
State Officials’ Wealth Report (LHKPN)

Dalam rangka memenuhi Undang-Undang No. 28 tahun 1999                 To comply with Law No. 28 of 1999 on Clean and Corruption-
tentang Penyelenggaraan Negara yang Bersih dan Bebas dari             Free State Administration, through Board of Directors
Korupsi Kolusi dan Nepotisme, melalui Surat Keputusan Direksi         Decree No. 135/KPTS/2018 dated November 27, 2018, on
No. 135/KPTS/2018 tanggal 27 November 2018 tentang                    the State Officials' Wealth Report Management Unit within
Unit Pengelola Laporan Harta Kekayaan Penyelenggara                   the Company, Jasa Marga has essentially implemented the
Negara di Lingkungan Perseroan, pada dasarnya Jasa Marga              obligation to submit State Officials' Wealth Reports (LHKPN)
telah menerapkan kewajiban penyampaian Laporan Harta                  to the Corruption Eradication Commission (KPK) for:
Kekayaan Penyelenggara Negara (LHKPN) kepada Komisi
Pemberantasan Korupsi (KPK) bagi:
1. Dewan Komisaris.                                                   1. Board of Commissioners.
2. Direksi.                                                           2. Board of Directors.
3. Corporate Secretary & CAO/Senior Group Head/Group                  3. Corporate Secretary & CAO/Senior Group Head/Group
    Head/Senior General Manager/General Manager/                         Head/Senior General Manager/General Manager/Project
    Pemimpin Proyek atau yang setingkat.                                 Leader or equivalent.
4. Departement Head atau yang setingkat.                              4. Department Head or equivalent.
5. Jabatan fungsional meliputi Senior Advisor/Advisor                 5. Functional positions, including Senior Advisor/Advisor
6. Jabatan di Anak Perusahaan, Dana Pensiun Jasa Marga,               6. Positions in Subsidiaries, Jasa Marga Pension Fund, and
    dan Perusahaan Asosiasi Pengurus, meliputi:                          Associated Companies Management, including:
    a. Komisaris/Dewan Pengawas dan Direksi.                             a. Commissioner/Supervisory Board and Board of
                                                                            Directors.
     b. Jabatan Struktural sampai dengan 2 (dua) tingkat di              b. Structural positions up to two levels below the Board
        bawah Direksi.                                                      of Directors.
     c. Jabatan fungsional 1 (satu) tingkat di bawah Direksi.            c. Functional positions one level below the Board of
                                                                            Directors.

Selain itu, Jasa Marga juga telah menunjuk Unit Pengelola             In addition, Jasa Marga has appointed an LHKPN
LHKPN yaitu sebuah satuan tugas yang akan menjadi                     Management Unit, which is a task force that will partner with
mitra kerja KPK dalam melakukan Pengelolaan LHKPN di                  the KPK in managing LHKPN within PT Jasa Marga (Persero)
lingkungan PT Jasa Marga (Persero) Tbk yang terdiri dari:             Tbk, consisting of:
1. Penanggung Jawab yaitu Corporate Secretary yang                    1. The Person in Charge, i.e., the Corporate Secretary, with
    bertugas:                                                             the following duties:
    a. Berkoordinasi dengan KPK dalam hal sebagai berikut:                a. Coordinating with the KPK in the following matters:
        i. Monitoring dan evaluasi terhadap kepatuhan Wajib                   i. Monitoring and evaluating the compliance of
             LHKPN dalam penyampaian dan pengumuman                                LHKPN obligors in submitting and announcing
             LHKPN;                                                                LHKPN;
        ii. Memfasilitasi dan mengkoordinasikan sosialisasi                   ii. Facilitating and coordinating the dissemination of
             kewajiban LHKPN dan bimbingan teknis                                  information on LHKPN obligations and providing
             mengenai tata cara pengisian dan penyampaian                          technical guidance on how to fill out and submit
             LHKPN melalui aplikasi e-LHKPN (Modul                                 LHKPN through the e-LHKPN application
             e-Filing);                                                            (e-Filing Module);
        iii. Hal-hal lainnya yang dapat mendukung                             iii. Other matters that may support the smooth
             kelancaran Pengelolaan LHKPN.                                         management of LHKPN.
    b. Mengkoordinasikan seluruh kegiatan Pengelolaan                     b. Coordinating all LHKPN management activities
        LHKPN di lingkungan Perseroan bersama-sama                            within the Company together with the Personnel
        dengan Koordinator Bidang Kepegawaian dan                             Coordinator and the Supervision Coordinator.
        Koordinator Bidang Pengawasan.
2. Koordinator Bidang Kepegawaian yaitu Human Capital                 2. The Personnel Coordinator is the Human Capital
    Services Group yang bertugas:                                        Services Group, whose duties include:
    a. Melakukan koordinasi dengan KPK mengenai data                     a. Coordinating with KPK regarding LHKPN data within
        Wajib LHKPN di lingkungan Perseroan setiap tahun;                   the Company every year;
    b. Melakukan monitoring terhadap Administrator                       b. Monitoring the SOE Administrator and Work Unit
        BUMN dan Administrator Unit Kerja dalam hal                         Administrator in terms of updating and maintaining
        pemutakhiran data kepegawaian (antara lain: entry,                  personnel data (including entry, update, validation)
        update, validasi) data Wajib LHKPN melalui aplikasi                 of LHKPN Obligors through the e-LHKPN application
        e-LHKPN (Modul e-Registration);                                     (e-Registration Module);



PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                             761
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01                           02                  03                       04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile           Management Discussion and Analysis       Business Support Functions




   c. Pendistribusian formulir permohonan aktivasi                       c. Distributing e-Filing activation request forms
      e-Filing dan dokumen korespondensi lainnya kepada                     and other correspondence documents to LHKPN
      Wajib LHKPN;                                                          Obligors;
   d. Membantu      Penanggung    Jawab,     Koordinator                 d. Assisting the Person in Charge, Personnel
      Kepegawaian dan Koordinator Pengawasan dalam                          Coordinator, and Supervision Coordinator in
      melakukan monitoring kepatuhan Wajib LHKPN di                         monitoring LHKPN Obligors' compliance within SOEs.
      lingkungan BUMN.
3. Koordinator Bidang Pengawasan yaitu Internal Audit               3. The Supervision Coordinator is the Internal Audit Group,
   Group yang bertugas:                                                which is tasked with:
   a. Melakukan terhadap kepatuhan Wajib LHKPN;                        a. Ensuring compliance with LHKPN requirements;
   b. Melakukan koordinasi dengan KPK mengenai                         b. Coordinating with KPK regarding compliance with
      kepatuhan Wajib LHKPN di lingkungan Perseroan;                      LHKPN requirements within the Company;
   c. Membuat rekomendasi kepada Direksi agar terhadap                 c. Making recommendations to the Board of Directors
      Wajib LHKPN yang tidak patuh dalam penyampaian                      so that those who are not compliant with LHKPN
      LHKPN diberikan sanksi Administrasi sesuai dengan                   reporting requirements are given administrative
      ketentuan yang berlaku.                                             sanctions per applicable regulations.


Realisasi LHKPN 2025                                                LHKPN Realization in 2025
Jasa Marga telah menyampaikan Kebijakan LHKPN                       Jasa Marga has communicated its LHKPN Policy, including
termasuk penyebaran formulir serta penjelasan pengisian             the distribution of forms and explanations on how to fill
formulir LHKPN melalui Intranet/Portal Internal Perseroan           out LHKPN forms, through the Company’s Intranet/Internal
www.jasamarga.co.id yang dapat diakses oleh seluruh Insan           Portal www.jasamarga.co.id, which can be accessed by
Jasa Marga. Realisasi penyampaian LHKPN oleh Wajib Lapor            all Jasa Marga employees. The submission of LHKPN by
LHKPN 2025 (untuk periode pelaporan 2024) Jasa Marga                LHKPN 2025 reporting obligors (for the 2024 reporting
telah terealisasi yaitu sebanyak 449 orang. Wajib Lapor             period) at Jasa Marga has been realized, with a total of 449
telah menyampaikan LHKPN dan sebanyak 100% Wajib                    individuals. Reporting obligors have submitted their LHKPN,
Lapor telah menyampaikan LHKPN dengan tepat waktu.                  and 100% of reporting obligors have submitted their LHKPN
                                                                    on time.




Whistleblowing System
Sistem Pelaporan Pelanggaran (Whistleblowing System/                The Whistleblowing System (WBS) is a system that manages
WBS) adalah sistem yang mengelola pengaduan/                        complaints/disclosures regarding unlawful behavior and
penyingkapan mengenai perilaku melawan hukum, perbuatan             unethical/improper conduct in a confidential, anonymous,
tidak etis/tidak semestinya secara rahasia, anonim dan              and independent manner, used to optimize the participation
mandiri yang digunakan untuk mengoptimalkan peran serta             of Jasa Marga personnel and other parties in reporting
Insan Jasa Marga dan pihak lainnya dalam mengungkapkan              violations within the Company.
pelanggaran yang terjadi di lingkungan Perseroan.

Perseroan telah menyediakan sarana WBS yang dikelola oleh           The Company has provided a WBS reporting platform,
pihak independen dan profesional, yang dapat digunakan              managed by an independent and professional party, which
oleh seluruh Insan Jasa Marga maupun pihak eksternal                has been used by all Jasa Marga personnel and external
sejak tanggal 16 Januari 2013. Pengelolaan WBS dilakukan            parties since January 16, 2013. The management of the WBS
dengan berpedoman pada Keputusan Bersama Direksi dan                is carried out in accordance with the Joint Decree of the
Dewan Komisaris PT Jasa Marga (Persero) Tbk sebagaimana             Board of Directors and Board of Commissioners of PT Jasa
terakhir diubah dengan Keputusan Bersama Direksi dan                Marga (Persero) Tbk, as last amended by the Joint Decree of
Dewan Komisaris No. 191/KPTS/2024 dan No. KEP 149/                  the Board of Directors and Board of Commissioners No. 191/
IX/2024 tentang Pedoman Whistleblowing System PT Jasa               KPTS/2024 and No. KEP 149/IX/2024 on the Whistleblowing
Marga (Persero) Tbk.                                                System Guidelines of PT Jasa Marga (Persero) Tbk.


Jenis Pelanggaran                                                   Violation Types
Jenis pelanggaran yang dapat dilaporkan adalah Tindakan             The types of violations that can be reported are actions that
yang dapat merugikan Perseroan, meliputi hal-hal sebagai            may harm the Company, including the following:
berikut:
1. Penyimpangan dari peraturan dan perundangan yang                 1.   Deviations from applicable regulations and laws.
    berlaku.


762                                                                       Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 763
06                                    07                                           08
Tata Kelola Perusahaan                Tanggung Jawab Sosial Perusahaan             Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance             Corporate Social Responsibility              Reference of POJK, SEOJK, and ARA Criteria




2. Penyalahgunaan jabatan untuk kepentingan lain di luar                             2. Abuse of position for interests outside the Company.
   Perseroan.
3. Pemerasan.                                                                        3.   Extortion.
4. Perbuatan curang.                                                                 4.   Fraudulent acts.
5. Benturan kepentingan.                                                             5.   Conflict of interest.
6. Gratifikasi.                                                                      6.   Gratification.
7. Penyuapan.                                                                        7.   Bribery.
8. Perbuatan yang melanggar etika, susila, dan norma                                 8.   Acts that violate ethics, morality, and norms of decency.
   kesopanan.


Jenis Sanksi                                                                         Sanction Types
Setiap laporan yang masuk akan dipelajari, diklasifikasikan                          Every report received will be examined, classified, and
dan ditindaklanjuti melalui penyelidikan mendalam                                    followed up through an in-depth investigation based on
berdasarkan fakta-fakta yang diperoleh. Keputusan terhadap                           the facts obtained. Decisions regarding the validity of the
terbukti atau tidaknya pelaporan tersebut akan dibuat dan                            report will be made and taken based on consideration of
diambil berdasarkan pertimbangan akibat tindakan, derajat                            the consequences of the action, the degree of intent, and
kesengajaan dan motif tindakan. Sanksi yang dijatuhkan                               the motive for the action. Penalties imposed may range from
dapat berupa teguran lisan, surat peringatan (I, II, III), hingga                    verbal warnings to written warnings (I, II, III) to termination of
pemutusan hubungan kerja (PHK). Perseroan tidak akan                                 employment. The Company does not tolerate any violations
menoleransi setiap pelanggaran terkait dengan integritas.                            related to integrity.

                                                   Bagan Alur Proses Sistem Pelaporan Pelanggaran
                                                              Whistleblowing System Flowchart




                          Memenuhi                          Telaah Awal oleh
                                                                                                   Dilaporkan ke Direksi
                           Kriteria                              Tim WBS
                                                                                                   Reported to Board of
                          Meeting the                     Early investigation by
                                                                                                         Directors
                           Criteria                             WBS Team
   Pelapor
   Reporter                                                                                                                                  Mematuhi
                                                                                                                                              Lanjutan
                                                                                                       Dilaporkan ke                          Meeting
               Diteruskan ke fungsi terkait                                                              Komisaris                          Criteria to be
               Forwarded to related function                                                        Reported to Board of                    followed up
                                                                                                      Commissioners


                         Tanggapan
                          Feedback

                                                                                                     Internal Investigasi                Internal Khusus
                                                                                                    Internal Investigation                 Special intern

                         Tim WBS
                         WBS Team
                                                                                                                   Laporan Hasil Investigasi
                                                                                                                    Report on Investigation
                                                                                                                           Results




                                                 Penindakan sesuai dengan sistem &                                      Putusan Direksi/
                                                        prosedur yang berlaku                                              Komisaris
                                                  Punishment according to applicable                                   Decisions of Board
                                                        system and procedure                                              of Directors/
                                                                                                                         Commissioners



                                                                                                                        Berkas ditutup
Catatan/Note:                                                                                                            Case closed
1. Pelaporan pelanggaran akan selalu mendapat feedback dan status atas laporan yang diberikan.
   The reporter of violation will always get feedback and notificationon the status of report he/she submitted.
2. Alur pelaporan/Reporting Flow:

              Jika yang dilaporkan karyawan dan Dewan Komisaris, laporan ditujukan kepada tim WBS.
              If the person reported is an employee or commissioner, the report is addresses to WBS Team.

              Jika yang dilaporkan anggota Tim WBS, laporan ditujukan kepada Direksi.
              If the person reported is a member of WBS, the report is addressed to the Board of Directors.

              Jika yang dilaporkan Direksi, laporan ditujukan kepada Dewan Komisaris.
              If the person reported is a director, the report is addressed to the Board of Commissioners.



PT Jasa Marga (Persero) Tbk       Laporan Tahunan 2025 Annual Report                                                                                    763
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01                           02                   03                      04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen    Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report    Company Profile          Management Discussion and Analysis       Business Support Functions




Sosialisasi Whistleblowing System                                    Whistleblowing System Dissemination
Sosialisasi Sistem Pelaporan Pelanggaran atau dikenal                The dissemination of the Whistleblowing System (WBS)
dengan istilah Whistleblowing System (WBS) di internal               within the Company is carried out through various media,
Perseroan disampaikan melalui berbagai media seperti                 including internal newsletters, roll banners, and e-mails
buletin internal, roll banner, dan surat elektronik kepada           to all employees, as well as ethics dissemination and
semua karyawan, sosialisasi etika maupun presentasi                  direct presentations to relevant work units. Externally,
langsung kepada unit kerja terkait. Untuk eksternal,                 dissemination is carried out through the Company’s website,
sosialisasi dilakukan melalui website Perseroan, media sosial        social media, and the distribution of circulars/memos.
Perseroan, dan pengiriman surat edaran/memo.


Mekanisme Penyampaian Laporan                                        Mechanism for Submitting Violation
Pelanggaran                                                          Reports
Penyampaian pengaduan/penyingkapan oleh Pelapor harus                The submission of violation reports/disclosures by the
memperhatikan hal-hal sebagai berikut:                               Reporter must consider the following:
1. Pelapor wajib memberikan indikasi awal yang dapat                 1. The Reporter must provide initial indications that can be
   dipertanggungjawabkan, meliputi:                                     accounted for, including:
   a. Pelanggaran yang diadukan, meliputi jumlah kerugian               a. The reported violation, including the amount of
       (apabila dapat ditentukan). 1 (satu) Pengaduan/                      loss (if determinable). Each report/disclosure
       Penyingkapan sebaiknya hanya untuk 1 (satu)                          should cover only one violation to be handled more
       pelanggaran agar penanganannya dapat lebih fokus.                    effectively.
   b. Pihak yang terlibat, yaitu siapa yang seharusnya                  b. The parties involved, i.e., who should be held
       bertanggung jawab atas pelanggaran tersebut,                         responsible for the violation, including witnesses
       termasuk saksi-saksi dan pihak yang diuntungkan                      and parties who benefited or suffered losses as a
       atau dirugikan atas pelanggaran tersebut.                            result of the violation.
   c. Lokasi pelanggaran, yaitu meliputi nama, tempat,                  c. Location of the violation, including the name, place,
       atau lokasi unit kerja dimana terjadinya pelanggaran                 or location of the work unit where the violation
       tersebut.                                                            occurred.
   d. Waktu pelanggaran, yaitu periode pelanggaran                      d. The time of the violation, including the period of the
       baik berupa hari, minggu, bulan, tahun atau tanggal                  violation, whether in terms of days, weeks, months,
       tertentu pada saat pelanggaran tersebut terjadi.                     years, or the specific date when the violation occurred.
   e. Bagaimana/kronologis        terjadinya    pelanggaran             e. The chronology of the violation.
       tersebut.
   f. Bukti-bukti pendukung telah terjadinya pelanggaran.               f. Supporting evidence that the violation occurred.
   g. Apakah pelanggaran tersebut pernah dilaporkan                     g. Whether the violation has been reported to another
       kepada pihak lain atau dilaporkan sebelumnya.                       party or reported previously.
   h. Apakah pelanggaran tersebut pernah terjadi                        h. Whether the violation has occurred previously.
       sebelumnya.
2. Untuk mempercepat dan mempermudah proses                          2. To expedite and facilitate the follow-up process for the
   tindak lanjut Pengaduan/Penyingkapan, maka Pelapor                   Report/Disclosure, the Reporter is advised to provide
   disarankan untuk memberikan informasi mengenai                       information regarding their identity, including at least
   identitas diri, yang sekurang-kurangnya memuat alamat/               their address/telephone number/mobile phone number/
   nomor telepon/handphone/faksimile/email.                             fax number/email address.
3. Apabila Pelapor memilih untuk menggunakan anonym                  3. If the Reporter chooses to remain anonymous when
   dalam penyampaian Pengaduan/Penyingkapan, maka                       submitting a Report/Disclosure, the Administration
   Pengelola Administrasi wajib menjaga kerahasiaan                     Manager is required to maintain the confidentiality of the
   data diri Pelapor, kecuali apabila proses Pengaduan/                 Reporter’s personal data, unless an External Investigator
   Penyingkapan tersebut telah ditangani oleh External                  has handled the Report/Disclosure process and/or the
   Investigator dan/atau secara hukum diperlukan                        Reporter’s identity is legally required in Report Handling/
   identitas diri Pelapor dalam penanganan Pengaduan/                   Disclosure.
   Penyingkapan tersebut.
4. Insan Jasa Marga wajib untuk menghubungi dan meminta              4. Jasa Marga employees are required to contact and
   saran kepada Fungsi Kepatuhan Anti Penyuapan terkait                 seek advice from the Anti-Bribery Compliance Function
   tindakan apa yang harus dilakukan jika dihadapkan pada               regarding what actions to take when faced with attempts
   upaya atau situasi yang dapat melibatkan penyuapan.                  or situations that may involve bribery.




764                                                                       Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 765
06                               07                                        08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




Sarana/Media Pelaporan Whistleblowing                                        Jasa Marga Whistleblowing System Media
System Jasa Marga

                                    https://idn.deloitte-halo.com/whistleblowing.tips/wbs/@jasamarga/


                                    Email : jasamarga.wbs@tip offs.info


                                    Hotline : +62 21 3952 8855


                                    Whatsapp : +62 8111 9785 03


                                    PO BOX : 3025 JKP 10030




Perlindungan bagi Whistleblower                                              Whistleblower Protection
Perseroan menyediakan fasilitas saluran pelaporan (telepon,                  The Company provides independent, free, and confidential
surat, email) yang independen, bebas, dan rahasia bagi                       reporting channels (telephone, mail, email) for reporters to
pelapor, agar terlaksana proses pelaporan yang aman.                         ensure a safe reporting process. In addition, the Company
Selain itu, Perseroan memberikan perlindungan terhadap                       protects reporters by:
pelapor dengan cara:
1. Identitas pelapor dijamin kerahasiaannya.                                 1. The reporter’s identity will remain confidential.
2. Perseroan menjamin perlindungan terhadap pelapor dari                     2. The Company guarantees protection for whistleblowers
    segala bentuk ancaman, intimidasi, ataupun tindakan                         from any threats, intimidation, or other unpleasant
    tidak menyenangkan dari pihak manapun selama pelapor                        actions by any party, provided the whistleblower
    menjaga kerahasiaan pelanggaran yang diadukan dari                          maintains the confidentiality of the reported violation.
    pihak manapun.
3. Perlindungan terhadap pelapor berlaku bagi para pihak                     3. Protection for the reporter applies to parties conducting
    yang melaksanakan investigasi maupun pihak-pihak                            investigations as well as other parties providing
    lainnya yang memberikan informasi terkait dengan                            information related to the report/disclosure.
    pengaduan/penyingkapan tersebut.


Penanganan Pengaduan                                                         Report Handling
Pelapor menyampaikan laporan dalam bentuk surat                              The reporter submits a report in the form of a letter
dengan disertai dokumen pendukung yang diperlukan.                           accompanied by the necessary supporting documents. This
Laporan ini disampaikan melalui sarana/media pelaporan                       report is submitted through the Jasa Marga Whistleblowing
Whistleblowing System Jasa Marga.                                            System reporting channel/media.

Jika dokumen dan bukti-bukti yang disampaikan lengkap,                       If the submitted documents and evidence are complete,
Tim Pengelolaan WBS melakukan pemilahan data dan                             the WBS Management Team reviews the data and decides
memutuskan apakah kasus tersebut dapat dilanjutkan ke                        whether the case can proceed to the investigation stage. If
tingkat penyelidikan. Jika keputusannya adalah cukup bukti,                  the decision is that there is sufficient evidence, the report
maka laporan tersebut akan ditingkatkan statusnya ke tahap                   will be escalated to the investigation stage.
penyelidikan.

Laporan yang tidak terbukti akan dikembalikan kepada                         Reports that are not proven will be returned to the reporter.
pelapor. Namun apabila terbukti, Tim Pengelolaan WBS                         However, if proven, the WBS Management Team will report
akan melaporkan hasil temuannya tersebut kepada Direksi.                     its findings to the Board of Directors. Reports related to
Laporan yang berkaitan dengan jajaran manajemen di bawah                     management under the Board of Directors are submitted
Direksi disampaikan dalam bentuk surat dan ditujukan kepada                  in the form of a letter addressed to the President Director,
Direktur Utama, sedangkan laporan-laporan yang berkaitan                     while reports related to the Board of Directors are addressed
dengan Direksi akan ditujukan kepada Dewan Komisaris.                        to the Board of Commissioners.


Pihak yang Mengelola Pengaduan                                               Parties Managing Report
Whistleblowing System Jasa Marga dikelola secara                             The Jasa Marga Whistleblowing System is professionally
professional dan independen bekerja sama dengan                              managed and operated independently, in collaboration with
PT DC Solutions sehingga memberikan kesempatan untuk                         PT DC Solutions, providing an opportunity to report various
melaporkan berbagai pelanggaran yang terjadi di Jasa                         violations that occur at Jasa Marga and fall within the scope
Marga dan termasuk dalam ruang lingkup pelanggaran yang                      of violations that can harm Jasa Marga.
dapat merugikan Jasa Marga.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                   765
Page 766
01                             02                       03                       04                                       05
Ikhtisar Kinerja Utama         Laporan Manajemen        Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights     Management Report        Company Profile           Management Discussion and Analysis       Business Support Functions




Berdasarkan Surat Keputusan Direksi No. 53/KPTS/2022                       Based on the Board of Directors Decree No. 53/KPTS/2022
tanggal 13 April 2022 tentang Tim Pengelolaan                              dated April 13, 2022, on the PT Jasa Marga (Persero) Tbk
Whistleblowing System PT Jasa Marga (Persero) Tbk,                         Whistleblowing System Management Team, the composition
susunan Tim Pengelolaan WBS di Perseroan dapat dilihat                     of the WBS Management Team at the Company can be seen
pada tabel berikut:                                                        in the following table:

Tabel Tim Pengelolaan Whistleblowing System Jasa Marga
Table of Jasa Marga Whistleblowing System Management Team


                              Susunan Anggota                                                   Kedudukan dalam Tim
  No.                        Member Arrangement                                                  Position in the Team
    1.     Internal Audit Senior Group Head                                Ketua Merangkap Anggota | Chairman concurrently as Member

   2.      Legal and Compliance Group Head                                 Sekretaris Merangkap Anggota | Secretary concurrently as Member

   3.      Corporate Secretary & Chief Administration Officer              Anggota | Member

   4.      Human Capital Services Group Head                               Anggota | Member

   5.      Risk and Quality, Health, Safety & Environment Group Head       Anggota | Member



Jumlah Pengaduan yang Masuk dan                                            Total Reports Received and Processed in
Diproses pada Tahun 2025                                                   2025
Pada tahun 2025, terdapat 211 (dua ratus sebelas) laporan                  In 2025, there were 211 reports of alleged violations
dugaan pelanggaran yang disampaikan melalui mekanisme                      submitted through the WBS mechanism. Of these, 201
WBS. Dari jumlah tersebut, sebanyak 201 (dua ratus satu)                   reports fall under the category of violations outside the
laporan masuk dalam kategori jenis pelanggaran di luar                     scope that can be handled through the Jasa Marga WBS
lingkup yang dapat ditangani melalui mekanisme WBS Jasa                    mechanism, and 10 reports fall within the scope of WBS
Marga, dan sebanyak 10 (sepuluh) laporan masuk dalam                       and are processed in accordance with the WBS reporting
ruang lingkup WBS dan diproses sesuai dengan mekanisme                     mechanism.
pelaporan WBS.

Tabel Jumlah Pengaduan melalui Whistleblowing System di Tahun 2025
Table of Total Reports via the Whistleblowing System in 2025

                                                                                                Status 31 Desember 2025
                                                                                               Status on December 31, 2025
                    Media Pelaporan                Jumlah Pelaporan
  No.
                    Reporting Media                  Total Report                        Closed                             Open
                                                                                      (Jumlah/Total)                    (Jumlah/Total)

     1.    Situs Web
                                                            4                                  4                                0
           Website

     2.    Surel
                                                           194                                194                               0
           Email

     3.    SMS                                              0                                  0                                0

     4.    WhatsApp                                         13                                12                                1

     5.    PO Box                                           0                                  0                                0

 Jumlah
                                                           211                                210                               1
 Total



Sanksi/Tindak Lanjut atas Pengaduan yang                                   Sanctions/Follow-up on Reports
Telah Selesai Diproses pada Tahun Buku                                     Processed in the Fiscal Year
Dari seluruh laporan yang masuk melalui sarana WBS dan                     Of all reports submitted through the WBS system and
diproses pada tahun 2025, sebanyak 10 (sepuluh) laporan                    processed in 2025, 10 (ten) reports fell into the category
masuk dalam kategori jenis pelanggaran dalam lingkup yang                  of violations that could be handled through the Jasa Marga
dapat ditangani melalui mekanisme WBS Jasa Marga, dan                      WBS mechanism, and 9 (nine) reports have been followed
sebanyak 9 (sembilan) laporan telah selesai ditindaklanjuti                up (report status: closed), while 1 (one) report was still
(status laporan closed), sedangkan sebanyak 1 (satu)                       under investigation by the end of 2025.
laporan sampai dengan akhir tahun 2025 masih dalam
proses pemeriksaan.




766                                                                              Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 767
06                               07                                 08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




Kebijakan Insider Trading
Insider Trading Policy

Perseroan memiliki sejumlah kebijakan untuk mencegah                  The Company has several policies to prevent insider trading
terjadinya transaksi orang dalam (insider trading) dengan             with the intent to obtain personal gain. Prohibitions on
maksud memperoleh keuntungan pribadi. Larangan praktik-               insider trading practices for Jasa Marga employees are
praktik insider trading bagi Insan Jasa Marga antara lain             outlined in the Company's policies, including:
tertuang dalam kebijakan Perseroan berupa:
1. Board Manual yang merupakan pedoman kerja Dewan                    1. The Board Manual, which is a work guideline for the
    Komisaris dan Direksi.                                               Board of Commissioners and Directors.
2. Keputusan Direksi No. 46.1/KPTS/2024 tentang Pedoman               2. Board of Directors Decree No. 46.1/KPTS/2024 on the
    Perilaku Code of Conduct) PT Jasa Marga (Persero) Tbk.              Code of Conduct of PT Jasa Marga (Persero) Tbk.
3. Keputusan Direksi No. 78/KPTS/2020 tentang Pedoman                 3. Board Resolution No. 78/KPTS/2020 on Conflict of
    Benturan Kepentingan Conflict of Interest) di PT Jasa               Interest Guidelines at PT Jasa Marga (Persero) Tbk.
    Marga (Persero) Tbk.

Selain dituangkan dalam 3 (tiga) kebijakan tersebut,                  In addition to being outlined in these 3 (three) policies, the
Perseroan juga pernah mengeluarkan Surat Edaran No. 19/               Company has issued Circular Letter No. 19/SE-DIR/2008
SE-DIR/2008 Perihal Larangan Melakukan Transaksi Saham                on the Prohibition of Trading PT Jasa Marga (Persero) Tbk
PT Jasa Marga (Persero) Tbk oleh Orang Dalam Perusahaan               Shares by Insiders During the PT Jasa Marga (Persero)
Selama Masa Pembelian Kembali Saham PT Jasa Marga                     Tbk Share Buyback Period and Circular Letter No. 04/
(Persero) Tbk dan Surat Edaran No. 04/SE- DIR/2020 Perihal            SE- DIR/2020 regarding the Prohibition of Trading PT Jasa
Larangan Melakukan Transaksi Saham PT Jasa Marga                      Marga (Persero) Tbk ("Company" or "Jasa Marga") Shares
(Persero) Tbk (“Perseroan” atau “Jasa Marga”) oleh Orang              by Insiders of the Company During the Company's Share
Dalam Perseroan Selama Masa Pembelian Kembali Saham                   Buyback Period.
Perseroan.

Dalam Surat Edaran disebutkan, Orang Dalam Emiten                     The Circular Letter states that Insiders of the Issuer are
dilarang melakukan transaksi atas saham Emiten pada masa              prohibited from conducting transactions on the Issuer's
Pembelian Kembali Saham. Adapun pihak-pihak yang masuk                shares during the Share Buyback Period. The parties
dalam klasifikasi Orang Dalam Perseroan, yaitu:                       classified as Insiders of the Company are:
1. Anggota Dewan Komisaris, Direksi, Pegawai dan                      1. Members of the Board of Commissioners, Directors,
    Sekretaris Dewan Komisaris Perseroan.                                 Employees, and the Secretary to the Board of
                                                                          Commissioners of the Company.
2. Pemegang Saham Utama Perseroan.                                    2. Major Shareholders of the Company.
3. Perorangan yang karena kedudukannya atau profesinya                3. Individuals who, due to their position or profession or
   atau karena hubungan usahanya dengan Perseroan                         their business relationship with the Company, have
   memungkinkan orang tersebut memperoleh informasi                       access to Inside Information of the Company.
   Orang Dalam Perseroan.
4. Pihak-pihak yang tidak lagi menjadi pihak sebagaimana              4. Parties who are no longer parties as referred to in points
   dimaksud dalam angka 1,2, dan 3 di atas dalam kurun                   1, 2, and 3 above within the last six months.
   waktu 6 (enam) bulan terakhir.

Surat Edaran tersebut juga menegaskan, Orang Dalam                    The Circular Letter also emphasizes that Insiders of the
Perseroan yang terbukti melanggar aturan mengenai                     Company who are found to have violated the rules on insider
larangan insider trading dapat dikenakan sanksi oleh                  trading may be subject to sanctions by the regulator in
regulator sesuai dengan peraturan perundang-undangan                  accordance with applicable laws and regulations.
yang berlaku.

Dalam 3 (tiga) tahun terakhir, tidak pernah terjadi transaksi         In the past 3 (three) years, there have been no insider
orang dalam yang melibatkan Dewan Komisaris beserta                   transactions involving the Board of Commissioners and its
organ pendukungnya, Direksi beserta manajemen yang                    supporting bodies, the Board of Directors and its subordinate
berada di bawahnya, dan Karyawan Perseroan.                           management, and the Company's employees.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                             767
Page 768
01                             02                       03                      04                                       05
Ikhtisar Kinerja Utama         Laporan Manajemen        Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights     Management Report        Company Profile          Management Discussion and Analysis       Business Support Functions




Informasi tentang Pembelian Kembali
Saham dan Obligasi
Information on Share and Bond Buybacks

Sepanjang tahun 2025 Jasa Marga tidak melakukan                            Throughout 2025, Jasa Marga did not repurchase shares
pembelian kembali saham dan obligasi.                                      and bonds.




Penyediaan Dana untuk Kegiatan Politik
Fund Provision for Political Activities

Selama tahun 2025, Perseroan tidak menyediakan                             In 2025, the Company did not provide funds for political
Dana untuk kegiatan politik atau kepada partai politik.                    activities or to political parties. This is in accordance with
Hal ini sesuai dengan kebijakan Perseroan yang tidak                       the Company's policy of not supporting or donating to
diperkenankan untuk mendukung dan memberikan donasi                        political causes.
untuk kepentingan politik.




Transparansi Praktik Bad Governance
Transparency of Bad Governance Practices

Sepanjang tahun 2025, Perseroan memegang teguh                             Throughout 2025, the Company upheld its commitment to
komitmen dalam menerapkan tata kelola perusahaan yang                      implementing good corporate governance by complying
baik dengan memenuhi seluruh regulasi yang terkait dengan                  with all applicable regulations governing its activities and
aktivitas Perseroan dan melaksanakan kewajibannya dengan                   fulfilling its obligations in full. Neither the Company nor its
baik. Baik Perseroan maupun organ Perseroan dan organ                      organs and supporting organs engaged in any practices of
pendukung dalam menjalankan kegiatan operasionalnya                        bad corporate governance in carrying out their operational
tidak pernah melakukan praktik bad corporate governance.                   activities.

Tabel Transparansi Praktik Bad Governance
Table of Transparency of Bad Governance Practices

                                                    Keterangan                                                             Praktik
  No.
                                                    Information                                                            Practice
           Terdapat laporan atas kegiatan Perseroan yang mencemari lingkungan                                                 Nihil
     1.
           Any report on the company’s activities that pollute the environment                                                None

           Ketidakpatuhan dalam pemenuhan kewajiban perpajakan                                                                Nihil
   2.
           Non-compliance with tax obligations fulfillment                                                                    None

           Ketidaksesuaian penyajian laporan tahunan dan laporan keuangan dengan peraturan yang berlaku
           dan standar akuntansi keuangan (SAK)                                                                               Nihil
   3.
           Inconsistency in annual reports and financial Statements Presentation with prevailing regulations                  None
           and financial accounting standards (SAK)

           Tidak menyampaikan kasus/perkara hukum terkait buruh dan karyawan                                                  Nihil
   4.
           Not submitting legal cases/cases related to workers and employees                                                  None

           Tidak mengungkapkan tinjauan segmen operasi                                                                        Nihil
   5.
           Not disclosing the operating segment review                                                                        None

           Ketidaksesuaian berkas Laporan Tahunan                                                                             Nihil
   6.
           Annual Report file mismatch                                                                                        None




768                                                                             Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 769
06                               07                                         08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan           Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility            Reference of POJK, SEOJK, and ARA Criteria




Tata Kelola Teknologi Informasi
Information Technology Governance

Jasa Marga berkomitmen untuk senantiasa menerapkan                            Jasa Marga is committed to continuously implementing
praktik Tata Kelola Perusahaan yang baik dengan kualitas                      high-quality, best-practice corporate governance. To
dan standar yang tinggi. Untuk mendukung penerapan Good                       support the implementation of Good Corporate Governance
Corporate Governance (GCG) dalam kaitannya dengan                             (GCG) in relation to Information Technology, Jasa Marga has
Teknologi Informasi, Jasa Marga telah menerapkan Tata                         implemented Information Technology and Data Governance
Kelola Teknologi Informasi dan Data (IT & Data Governance)                    (IT & Data Governance) across its business processes to
ke dalam proses bisnis guna memastikan pengembangan                           ensure that the development and management of Information
dan pengelolaan Teknologi Informasi mampu memberikan                          Technology deliver optimal benefits to the Company. This
manfaat yang optimal bagi Perseroan. Tata kelola tersebut                     governance is outlined in the Board of Directors' Decree
tertuang dalam Keputusan Direksi tentang Kebijakan Tata                       on Information Technology and Data Governance Policy
Kelola Teknologi Informasi dan Data No. 201/KPTS/2024.                        No. 201/KPTS/2024.

Tujuan dari penerapan Kebijakan Tata Kelola Teknologi                         The purpose of implementing the Information Technology
Informasi dan Data adalah untuk memberikan panduan                            and Data Governance Policy is to provide comprehensive
proses pengelolaan TI dan data yang standar secara                            guidance on standard IT and data management processes,
menyeluruh, sesuai lingkup kebutuhan bisnis Perseroan dan                     aligned with the Company's business needs and in
memenuhi kepatuhan terhadap peraturan yang berlaku.                           compliance with applicable regulations. Meanwhile, the
Sedangkan, sasaran dari penerapan Kebijakan Tata Kelola                       objective of implementing the Information Technology and
Teknologi Informasi dan Data adalah peningkatan nilai                         Data Governance Policy is to continuously improve the
tingkat kematangan proses pengelolaan Teknologi Informasi                     maturity level of the Company's IT management processes.
Perseroan yang berkesinambungan.

Mengacu pada Keputusan Direksi No. 11/KPTS/2022, saat                         In accordance with Board of Directors Decree No. 11/
ini kedudukan Teknologi Informasi di Jasa Marga sudah                         KPTS/2022, the Information Technology position at Jasa
mengalami transformasi, tidak hanya sebagai pendukung                         Marga has transformed not only to support achieving
untuk mencapai efisiensi dan efektifitas proses bisnis                        efficiency and effectiveness in business processes, but
namun sebagai inovasi untuk menjaga ketahanan bisnis dan                      also to drive innovation to maintain business resilience
meningkatkan pendapatan Perseroan. Organisasi pengelola                       and increase the Company's revenue. The organization
proses Teknologi Informasi Jasa Marga yaitu Information                       managing Jasa Marga's Information Technology processes
Technology Group yang strukturnya dapat dilihat pada                          is the Information Technology Group, whose structure can
bagan di bawah ini:                                                           be seen in the chart below:

                                         Bagan Struktur Unit Kerja Information Technology Group
                                   Organizational Structure Chart of the Information Technology Group


                                                                       Information
                                                                    Technology Group




                                                                      IT Support &                    IT Control &
         IT Planning                IT Development                                                                       Internet of
                                                                        Services                      Compliance
         Department                   Department                                                                           Things
                                                                      Department                      Department




Kebijakan Tata Kelola Teknologi Informasi                                     Information Technology Governance
                                                                              Policy
Berdasarkan Peraturan Menteri BUMN No. PER-2/                                 Based on the Minister of SOE Regulation No. PER-2/
MBU/03/2023 tentang Pedoman Tata Kelola dan Kegiatan                          MBU/03/2023 on Guidelines for Governance and Significant
Korporasi Signifikan, maka Jasa Marga telah menetapkan                        Corporate Activities, Jasa Marga has established an IT and
Kebijakan Tata Kelola TI dan Data sebagai panduan dalam                       Data Governance Policy as a guide for the implementation
implementasi Tata Kelola TI dan Data yang menyeluruh                          of comprehensive IT and Data Governance and to optimize
dan untuk mengoptimalkan kontribusi TI dalam pencapaian                       the contribution of IT in achieving the Company’s Long-Term
Sasaran Jangka Panjang Perseroan. Selain Peraturan                            Goals. In addition to the Minister of SOE Regulation, the IT
Menteri BUMN (saat ini Kepala BP BUMN), Kebijakan Tata                        and Data Governance Policy refer to international standards
Kelola TI dan Data mengacu pada standar internasional                         such as COBIT (Control Objectives for Information and



PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                       769
Page 770
01                               02                           03                        04                                          05
Ikhtisar Kinerja Utama           Laporan Manajemen            Profil Perusahaan          Analisa dan Pembahasan Manajemen            Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report            Company Profile            Management Discussion and Analysis          Business Support Functions




COBIT (Control Objectives for Information and Related                            Related Technologies), ITIL (Information Technology
Technologies), ITIL Information Technology Infrastructure                       Infrastructure Library), ISO 27001, and DMBOK, which have
Library), ISO:27001, dan DMBOK, yang sudah disesuaikan                           been adapted to the Company’s needs.
dengan kebutuhan Perseroan.

                                                       Bagan Kebijakan Tata Kelola Informasi
                                                       Chart of Information Governance Policy


                                                              Buku Rencana Strategis Teknologi
                                                           Informasi PT Jasa Marga (Persero) Tbk
                                                               2022 - 2025 Tanggal 5 Mei 2025
                                                          PT Jasa Marga (Persero) Tbk Information
                                                         Technology Strategic Plan 2022-2025 dated
                                                                        May 5, 2025




               Keputusan Direksi No. 201/KPTS/2024 tanggal                                      Keputusan Direksi No. 48/KPTS/2019 tanggal
              11 Oktober 2024 Kebijakan Tata Kelola Teknologi                                    20 Mei 2019 tentang Pengelolaan Layanan
             Informasi dan Data di Lingkungan Jasa Marga Grup                                              Teknologi Informasi
                  Decision of the Board of Directors No. 201/                                      Decision of the Board of Directors No. 48/
              KPTS/2024 dated October 11, 2024 concerning the                                     KPTS/2019 dated May 20, 2019 concerning
             Information Technology and Data Governance Policy                                   Information Technology Service Management
                    in the Jasa Marga Group Environment




                                                      Keputusan Direksi No. 77/KPTS/2023 tanggal 3
                                                     Juli 2023 tentang Pembentukan Komite Pengarah
                                                       Teknologi Informasi (IT Steering Committee)
                                                     Decision of the Board of Directors No. 77/KPTS/2023
                                                       dated July 3, 2023 concerning Establishment of
                                                       Information Technology Steering Committee (IT
                                                                     Steering Committee)



Dengan disahkannya berbagai Kebijakan Tata Kelola TI,                            With the enactment of various IT Governance Policies, the
maka Direksi telah melaksanakan amanat Peraturan Menteri                         Board of Directors has implemented the mandate of the
Negara BUMN No. PER-2/MBU/03/2023 Pasal 31 ayat (1)                              Minister of SOE Regulation No. PER-2/MBU/03/2023 Article
yang menyatakan bahwa “Direksi dapat menerapkan Tata                             31 paragraph (1), which states that “the Board of Directors
Kelola TI BUMN yang baik”.                                                       may implement good SOE IT Governance.”


Prinsip-Prinsip Tata Kelola Teknologi                                            Information Technology Governance
Informasi                                                                        Principles

Prinsip-prinsip tata kelola Teknologi Informasi (TI) Perseroan                   The Company’s Information Technology (IT) governance
yaitu sebagai berikut:                                                           principles are as follows:
1. Perencanaan TI yang terarah dan sistematis sehingga                           1. Targeted and systematic IT planning to ensure alignment
    terjadi    kesesuaian      antara   pengembangan       dan                       between IT development and implementation and the
    implementasi TI dengan Tujuan Bisnis Perseroan.                                  Company’s business objectives.
2. Investasi TI sejalan dan selaras dengan strategi                              2. IT investments aligned with the Company’s strategy,
    Perseroan dengan memperhitungkan kapabilitas TI                                  taking into account IT capabilities to deliver optimal
    sehingga memberikan keuntungan optimal.                                          benefits.
3. Implementasi        TI     yang    objektif    dan    dapat                   3. Objective and accountable IT implementation that
    dipertanggungjawabkan dengan mempertimbangkan                                    considers quality and risk in accordance with the
    mutu dan risiko sesuai peraturan Perseroan.                                      Company’s regulations.
4. Pengelolaan operasional TI yang efektif dan efisien.                          4. Effective and efficient IT operational management.
5. Pengendalian yang konsisten terhadap kinerja                                  5. Consistent control over IT operational performance and
    operasional TI dan kepatuhan terkait peraturan dan                               compliance with applicable regulations and laws.
    perundangan yang berlaku.
6. Perbaikan berkelanjutan terhadap seluruh dimensi                              6. Continuous improvement across all dimensions of IT
    pengelolaan TI. Prinsip-prinsip tersebut akan diterapkan                        management. These principles will be further applied to
    lebih lanjut ke aktivitas pengelolaan TI serta pelaksanaan                      IT management activities and to the implementation of
    peta jalan pengembangan TI sesuai Master Plan TI                                the IT development roadmap in accordance with the IT
    melalui berbagai pedoman dan standar yang disahkan                              Master Plan, through various guidelines and standards
    oleh Information Technology Group Head dengan                                   approved by the Information Technology Group Head,
    pengawasan Komite Pengarah TI.                                                  under the supervision of the IT Steering Committee.




770                                                                                    Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
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06                               07                                   08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan     Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility      Reference of POJK, SEOJK, and ARA Criteria




Road Map Tata Kelola Teknologi Informasi                                Information Technology Governance
                                                                        Roadmap
Target yang ingin dicapai oleh Perseroan dari penerapan                 The target the Company aims to achieve through the
Tata Kelola Teknologi Informasi adalah proses perbaikan                 implementation of Information Technology Governance is
berkelanjutan terhadap pengelolaan TI dilihat dari 4 siklus             a continuous improvement process for IT management, as
utama proses TI yaitu Perencanaan, Pengembangan atau                    reflected in the four main IT cycles: Planning, Development
Akuisisi, Pengoperasian serta Pemantauan, dan Evaluasi.                 or Acquisition, Operation and Monitoring, and Evaluation.
Indikator dari keberhasilan penerapan Tata Kelola TI adalah             The indicator of IT Governance implementation success is
Skor Maturitas TI.                                                      the IT Maturity Score.



Bagan Road Map Tata Kelola Teknologi Informasi
Chart of Information Technology Governance Roadmap


                                   Inisiatif Pengembangan
  No.                               Inisiatif Pengembangan                                   2025        2026      2027   2028   2029

 IT01     Pembentukan Standar Pengembangan TI dan DevSecOps
          Establishment of IT Development Standards and DevSecOps Integration.

 IT02     Penyempurnaan Proses dan Kebijakan TI
          Refinement of IT Processes and Policies.

 IT03     Perancangan Tata Kelola Arsitektur TI di JM Group
          Strategic Design of IT Architecture Governance within Jasa Marga Group.

 IT04     Penyesuaian Peran/Fungsi TI pada Struktur Organisasi
          Alignment of IT Roles and Functions within the Organizational Structure.

 IT05     Peningkatan Kompetensi SDM TI
          Enhancement of IT Human Capital Competencies.




Assessment Maturity Level Tata Kelola                                   Information Technology Governance
Teknologi Informasi                                                     Maturity Level Assessment

Pengukuran Maturity Level Tata Kelola TI merupakan                      Maturity Level Measurement of IT Governance is a
mekanisme untuk mengukur tingkat penerapan Tata Kelola                  mechanism for assessing the level of IT Governance
TI dengan keluaran berupa Skor Maturitas TI dengan rentang              implementation, producing an IT Maturity Score ranging
level dari 0 (non eksis) hingga 5 (optimal) yang menunjukkan            from 0 (non-existent) to 5 (optimal) that indicates the quality
kualitas pelaksanaan dari masing-masing pengendalian                    of implementation of each control within the Company's
didalam organisasi Perseroan.                                           organization.

Pada tahun 2025, Perseroan telah melakukan Pengukuran                   In 2025, the Company conducted an IT Maturity Level
IT Maturity Level menggunakan COBIT 2019 dan nilai                      Measurement using COBIT 2019 and obtained a score
yang didapatkan dari proses tersebut adalah 3,12. Hasil                 of 3.12. The measurement results show that, in general,
pengukuran menunjukkan bahwa secara umum tingkat                        the Company's IT maturity level is adequate, with some
kematangan TI Perseroan telah berada pada level yang                    areas still requiring improvement. Within the COBIT 2019
memadai, dengan beberapa area yang masih memerlukan                     framework, level 3 falls under the Defined category, where
peningkatan. Dalam kerangka COBIT 2019, level 3 berada                  processes are documented, standardized, and consistently
pada kategori Defined, yaitu kondisi dimana proses telah                implemented throughout the organization. The Company
terdokumentasi, distandardisasi, dan diterapkan secara                  has established a continuous improvement program to
konsisten di seluruh organisasi. Perseroan telah menetapkan             ensure full alignment with applicable regulations and best
program perbaikan berkelanjutan untuk memastikan                        practices.
keselarasan penuh dengan ketentuan dan praktik terbaik
yang berlaku.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                 771
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01                           02                  03                       04                                       05
Ikhtisar Kinerja Utama       Laporan Manajemen   Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights   Management Report   Company Profile           Management Discussion and Analysis       Business Support Functions




Perseroan juga melakukan penerapan Sistem Manajemen                 The company also implements an Information Security
Keamanan Informasi (SMKI) sesuai dengan arahan Badan                Management System (ISMS) in accordance with the
Siber dan Sandi Negara (BSSN) yang mengharuskan                     directives of the National Cyber and Crypto Agency (BSSN),
penyelenggara layanan transaksi elektronik untuk melakukan          which requires electronic transaction service providers to
penerapan SMKI. Hasil dari penerapan ini dibuktikan melalui         implement an ISMS. The results of this implementation are
diterbitkannya sertifikat ISO 27001:2022 untuk Keamanan             evidenced by the issuance of ISO 27001:2022 certification
Fisik Data Center serta Pengembangan, dan Pengoperasian             for Data Centre Physical Security and the Development and
Aplikasi JM-Click setelah dilakukan audit eksternal oleh            Operation of the JM-Click Application after an external audit
lembaga sertifikasi.                                                by a certification body.

Perseroan telah menyelesaikan Asesmen Indonesia Industry            The Company has completed the Indonesia Industry 4.0
4.0 Readiness Index (INDI 4.0) sesuai dengan arahan                 Readiness Index (INDI 4.0) Assessment in accordance with
Kementerian BUMN yang mengharuskan setiap BUMN untuk                the directives of the Ministry of State-Owned Enterprises,
melakukan Asesmen INDI 4.0. Adapun proses asesmen ini               which requires every state-owned enterprise to conduct
dilakukan untuk mendukung program pemerintah Making                 an INDI 4.0 Assessment. This assessment process was
Indonesia 4.0. Pelaksanaan asesmen INDI 4.0 Perseroan ini           carried out to support the government's Making Indonesia
telah selesai di tahun 2022 dengan hasil 3,10.                      4.0 programme. The Company's INDI 4.0 assessment was
                                                                    completed in 2022 with a score of 3.10.


Proses Tata Kelola Teknologi Informasi                              Information Technology Governance
                                                                    Process
Tata Kelola Teknologi Informasi yang diterapkan oleh                The Company’s Information Technology Governance
Perseroan telah mencakup terkait penanganan gangguan                covers disruption management, cybersecurity, and disaster
(disruption), keamanan dunia maya (cyber security), dan,            recovery to ensure that all major risks are identified,
pemulihan bencana (disaster recovery) untuk memastikan              managed, and reported to the Board of Directors. The
semua risiko utama telah didentifikasi, dikelola, dan,              realization of this is as follows:
dilaporkan pada Direksi. Adapun realisasi atas hal tersebut,
sebagai berikut:
1. Penanganan Gangguan (Disruption)                                 1.   Disruption Management
    Dalam mencegah dan menangani gangguan yang                           To prevent and handle disruptions such as phishing,
    muncul, seperti phishing, malware, denial of service,                malware, denial-of-service attacks, and ransomware,
    dan ransomware, Perseroan sedang melakukan                           the Company is forming a CSIRT (Computer Security
    pembentukan CSIRT (Computer Security Incident                        Incident Response Team). The purpose of the CSIRT
    Response Team). Keberadaan CSIRT ini bertujuan untuk                 is to provide a rapid and comprehensive response to
    menyediakan respons yang cepat dan komperehensif                     information security incidents, minimizing their impact
    terhadap insiden keamanan informasi sehingga dampak                  and preventing their spread. The CSIRT consists of
    dari insiden dapat diminimalisir dan tidak menyebar                  representatives from the Information Technology
    luas. CSIRT terdiri dari perwakilan unit Information                 Group and the Corporate Communication & Community
    Technology Group dan Corporate Communication &                       Development Group.
    Community Development Group.
2. Keamanan Dunia Maya (Cyber Security)                             2. Cybersecurity
    Guna mencegah terjadinya serangan maupun ancaman                   To prevent attacks and threats to the Company through
    yang masuk ke Perseroan melalui dunia maya, Perseroan              cyberspace, the Company has taken measures,
    telah melakukan upaya-upaya, antara lain:                          including:
    a. Menerapkan Sistem Manajemen Keamanan Informasi                  a. Implementing an Information Security Management
        sesuai dengan standar ISO 27001:2022.                              System per ISO 27001:2022 standard.
    b. Menerapkan Security Operation Center untuk                      b. Implementing a Security Operations Center to
        melakukan pemantauan terhadap kondisi keamanan                     monitor the security status of the Company’s
        sistem informasi yang ada di Perseroan.                            information systems.
    c. Menerapkan perlindungan berlapis terhadap sistem                c. Implementing layered protection for the Company’s
        informasi maupun jalur komunikasi yang ada di                      information systems and communication channels
        Perseroan dengan menerapkan konsep Defense                         by applying the Defense in Depth concept. This
        in Depth. Konsep ini bertujuan untuk memperkuat                    concept aims to strengthen information security
        keamanan informasi dengan penerapan kontrol yang                   by applying layered controls to data and systems
        berlapis terhadap data dan sistem sehingga risiko                  to minimize security risks. Examples of protections
        keamanan terhadap data tersebut dapat diminimalisir.               implemented include: Next Generation Firewall, Web
        Contoh perlindungan yang diterapkan antara lain:                   Application Firewall, Vulnerability Management,
        Next Generation Firewall, Web Application Firewall,                Email Security, Endpoint Protection, Network Trace
        Vulnerability Management, Email Security, Endpoint                 Analysis, and SD-WAN.
        Protection, Network Trace Analysis, dan SD-WAN.




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan   Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility    Reference of POJK, SEOJK, and ARA Criteria




3. Pemulihan Bencana (Disaster Recovery)                              3. Disaster Recovery
   Sebagai langkah penanganan dalam hal terjadi bencana,                 To address disasters that may impact the Company’s
   sehingga berdampak pada data Perseroan, konsep                        data, the Company has prepared a disaster recovery
   yang telah dipersiapkan oleh Perseroan adalah melalui                 management concept. The activities carried out in this
   manajemen pemulihan bencana. Adapun kegiatan yang                     management process are as follows:
   dilakukan dalam proses manajemen ini adalah sebagai
   berikut:
   a. Service Impact Analysis, proses penentuan tingkat                    a. Service Impact Analysis, a process of determining
       kekritisan aplikasi dengan mempertimbangkan                            the criticality level of applications by considering
       faktor-faktor tertentu. Hasil dari aktivitas ini akan                  certain factors. The results of this activity will
       berpengaruh terhadap frekuensi backup yang                             affect the frequency of backups performed and the
       dilakukan dan perlakuan disaster recovery yang                         disaster recovery measures to be implemented.
       akan diterapkan.
   b. Backup & Restore Management, pembuatan rencana                       b. Backup & Restore Management, the creation of
       backup data terhadap sistem informasi yang berjalan                    a data backup plan for the information systems
       di Perseroan sesuai dengan hasil dari Service Impact                   running at the Company in accordance with the
       Analysis.                                                              results of the Service Impact Analysis.
   c. Disaster Recovery Plan, pembuatan rencana                            c. Disaster Recovery Plan, the creation of a recovery
       pemulihan untuk sistem informasi yang ada di                           plan for the Company’s information systems in
       Perseroan sesuai dengan hasil dari Service Impact                      accordance with the results of the Service Impact
       Analysis. Pemulihan yang dilakukan dapat dilakukan                     Analysis. Recovery can be carried out in several
       melalui beberapa cara, yaitu dengan melakukan                          ways, namely by restoring the information system
       restore terhadap hasil backup system informasi dan                     from backup and transferring the active site from the
       melakukan pemindahan active site untuk sistem                          data center to the disaster recovery center.
       informasi dari data center ke disaster recovery
       center.
   d. Melakukan security assessment testing secara                         d. Conducting periodic security assessment testing
       berkala menggunakan pihak independen untuk                             using an independent party to test the security of
       menguji keamanan sistem informasi yang dimiliki                        the information systems owned by the Company.
       oleh Perseroan.




  Jasamarga Tollroad Command Center (JMTC)




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                            773
Page 774
07              Tanggung Jawab Sosial
                dan Lingkungan
                Social and Environmental Responsibility


            Tanggung Jawab Sosial dan Lingkungan
      776
            Social and Environmental Responsibility




      Melalui penerapan prinsip ESG dan program TJSL
      yang terarah, Jasa Marga memastikan setiap
      langkah pembangunan jalan tol tidak hanya
      membuka akses, tetapi juga menghadirkan nilai
      keberlanjutan bagi masyarakat dan lingkungan.
      Through the implementation of ESG principles and targeted
      TJSL programs, Jasa Marga ensures that every step in toll
      road development not only opens access, but also delivers
      sustainable value to communities and the environment.

774                                                   Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 775
PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report   775
Page 776
01                                   02                                  03                          04                                                  05
Ikhtisar Kinerja Utama               Laporan Manajemen                   Profil Perusahaan            Analisa dan Pembahasan Manajemen                    Fungsi Penunjang Bisnis
Main Performace Highlights           Management Report                   Company Profile              Management Discussion and Analysis                  Business Support Functions




Tanggung Jawab Sosial dan Lingkungan
Social and Environmental Responsibility
Jasa Marga telah menyusun Laporan Keberlanjutan Tahun 2025 secara terpisah                   Jasa Marga has prepared a separate Sustainability Report for 2025, which
namun tetap menjadi bagian dari Laporan Tahunan Tahun 2025. Di dalam                         remains an integral part of the 2025 Annual Report. In this report, the Company
laporan tersebut, Perseroan menjabarkan pencapaian kinerja keberlanjutan dan                 outlines its sustainability performance achievements and the implementation
pelaksanaan Tanggung Jawab Sosial dan Lingkungan Perseroan untuk periode                     of its Social and Environmental Responsibility for the reporting period from
pelaporan dari 1 Januari 2025 hingga 31 Desember 2025. Penyusunan laporan                    January 1, 2025, to December 31, 2025. The preparation of this report refers
tersebut mengacu pada ketentuan dalam Peraturan Otoritas Jasa Keuangan                       to the provisions in Financial Services Authority (OJK) Regulation No. 51/
(OJK) No. 51/POJK.03/2017 tentang Penerapan Keuangan Berkelanjutan Bagi                      POJK.03/2017 on the Application of Sustainable Finance for Financial Services
Lembaga Jasa Keuangan, Emiten, Dan Perusahaan Publik (lampiran II) dan                       Institutions, Issuers, and Public Companies (Appendix II) and OJK Circular Letter
Surat Edaran OJK No. 16/SEOJK.04/2021 tentang Bentuk dan Isi Laporan                         No. 16/SEOJK.04/2021 on the Form and Content of Annual Reports of Issuers
Tahunan Emiten atau Perusahaan Publik (lampiran II). Selain ketentuan tersebut,              or Public Companies (Appendix II). In addition to these provisions, the 2025
Laporan Keberlanjutan Tahun 2025 juga disusun dengan menggunakan standar                     Sustainability Report was prepared using international standards issued by the
internasional yang dikeluarkan oleh Global Sustainability Standards Board                    Global Sustainability Standards Board (GSSB), i.e., the Global Reporting Initiative
(GSSB) yaitu Global Reporting Initiative (GRI) Standard dengan GRI 1 yang                    (GRI) Standard, with GRI 1 used as GRI 1: Foundation 2021.
digunakan adalah GRI 1: Landasan 2021.


Komitmen Keberlanjutan
Sustainability Commitment
Perseroan berkomitmen untuk mengintegrasikan prinsip Environmental, Social,                  The Company is committed to integrating Environmental, Social, and Governance
and Governance (ESG) ke dalam seluruh aspek operasional guna menciptakan                     (ESG) principles into all aspects of its operations to create a sustainable, positive
dampak positif yang berkelanjutan bagi lingkungan, masyarakat, serta tata kelola             impact on the environment, society, and corporate governance. This commitment
perusahaan. Komitmen ini diwujudkan melalui implementasi program Tanggung                    is realized through the implementation of a Social and Environmental Responsibility
Jawab Sosial dan Lingkungan (TJSL), yang tidak hanya berfokus pada pertumbuhan               (TJSL) program, which not only focuses on business growth but also aims to
bisnis, tetapi juga berorientasi pada kontribusi nyata terhadap perbaikan sosial dan         make a real contribution to social improvement and environmental preservation.
pelestarian lingkungan. Pelaksanaan TJSL mengacu pada standar ISO 26000,                     The implementation of TJSL refers to the ISO 26000 standard, resulting in the
sehingga dibentuk Komite Sustainability sebagai wujud keterlibatan seluruh unit              formation of a Sustainability Committee as a form of involvement of all units in
dalam memastikan keberlanjutan program tersebut. Selain itu, program ini juga                ensuring the sustainability of the program. In addition, this program is in line with
selaras dengan Tujuan Pembangunan Berkelanjutan (TPB) untuk meningkatkan                     the Sustainable Development Goals (SDGs) to improve economic welfare, maintain
kesejahteraan ekonomi, menjaga keberlanjutan sosial dan lingkungan, serta                    social and environmental sustainability, and realize inclusive development for future
mewujudkan pembangunan inklusif bagi generasi mendatang.                                     generations.

Sebagai wujud keseriusan dalam mengintegrasikan prinsip Environmental,                       As a manifestation of its seriousness in integrating Environmental, Social, and
Social, and Governance (ESG) ke seluruh aspek operasional, Perseroan telah                   Governance (ESG) principles into all aspects of its operations, the Company has
menyusun Peta Jalan (Roadmap) ESG sebagai panduan strategis jangka                           developed an ESG Roadmap as a long-term strategic guide. This roadmap outlines
panjang. Peta jalan ini memetakan tahapan implementasi keberlanjutan yang                    a systematic implementation plan for sustainability for the period from 2025 to
sistematis untuk periode 2025 hingga 2029, memastikan setiap inisiatif berjalan              2029, ensuring that every initiative is measurable, from strengthening governance
terukur mulai dari penguatan tata kelola hingga pencapaian ketahanan iklim                   to achieving climate resilience, to support sustainable business growth.
(resilience) demi mendukung pertumbuhan bisnis yang berkelanjutan.




     Roadmap ESG

                                                                                                                                                       2029
                                                                                                                                                       (Resilience)
                                                                                                                                                       Menjadi Perusahaan yang tahan
                                                                                                                   2028                                dengan perubahan iklim
                                                                                                                   (Grow)                              Becoming a company resilient to
                                                                                                                   Menerapkan prinsip-prinsip ESG      climate change
                                                                               2027                                secara konsisten, mendorong
                                                                               (Accelerate)                        pertumbuhan berkelanjutan
                                       2026                                    Mempercepat pencapaian
                                                                                                                   Consistently implementing ESG
   2025                                Move                                  tujuan keberlanjutan
                                                                                                                   principles, driving sustainable
                                                                                                                   growth
   Prepare)                           Memulai inisiatif keberlanjutan         Accelerating the achievement
   Memperkuat ESG Tata Kelola          Starting a sustainability               of sustainability goals
   Strengthening ESG Governance        initiative




776                                                                                                 Laporan Tahunan 2025 Annual Report               PT Jasa Marga (Persero) Tbk
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06                                                07                                                        08
Tata Kelola Perusahaan                            Tanggung Jawab Sosial Perusahaan                          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance                         Corporate Social Responsibility                           Reference of POJK, SEOJK, and ARA Criteria




Pada tahun 2025, Perseroan menyelenggarakan berbagai program Tanggung Jawab                                   In 2025, the Company organized various Social and Environmental Responsibility (TJSL)
Sosial dan Lingkungan (TJSL) sebagai bentuk komitmen terhadap pencapaian Tujuan                               programs as a form of commitment to achieving the Sustainable Development Goals
Pembangunan Berkelanjutan (SDGs) yang mencakup tiga pilar utama, yakni Ekonomi,                               (SDGs), which cover three main pillars: Economy, Social, and Environment. The following
Sosial, dan Lingkungan. Berikut disajikan ringkasan pelaksanaan program selama tahun                          is a summary of the program implementation during 2025, with a total distribution value
2025 dengan total nilai penyaluran sebesar Rp17,58 miliar, sementara uraian yang lebih                        of Rp17.58 billion, with a more comprehensive description available in the Company’s
komprehensif dapat dilihat pada Laporan Keberlanjutan Perseroan Tahun 2025.                                   2025 Sustainability Report.


     Sosial | Social                                                                                                  Ekonomi | Economy


       Jasa Marga Tanggap Bencana                                                                                             Pengembangan dan Pemasaran UMK
       Jasa Marga Disaster Response                                                                                           Development and Marketing of MSMEs
       Sebagai bentuk kepedulian kepada masyarakat terdampak bencana, Jasa Marga aktif                                        Jasa Marga mendukung penguatan UMKM melalui keikutsertaan dalam berbagai pameran
       menyalurkan bantuan berupa kebutuhan pokok, logistik, dan bantuan lainnya kepada korban                                nasional dan regional serta pengembangan UMKM binaan melalui penyediaan Kampoeng
       banjir di wilayah DKI Jakarta (Jakarta Utara, Jakarta Barat, dan Jakarta Timur), Jawa Barat                            UMKM di Rest Area, pemberdayaan Green House Rumah Tumbuh, dukungan sertifikasi
       (Kabupaten Cianjur, Tasikmalaya, Sukabumi, Garut, Purwakarta, serta Kota dan Kabupaten                                 Halal, pelatihan dan pendampingan usaha, serta penyediaan sarana produksi guna
       Bekasi), Jawa Tengah (Kabupaten Pekalongan dan Kendal), Jawa Timur, Provinsi Bali, serta                               meningkatkan daya saing dan keberlanjutan UMKM.
       Sumatera Utara. Selain itu, bantuan juga diberikan kepada korban bencana banjir dan tanah
                                                                                                                              Jasa Marga supports the strengthening of micro, small and medium enterprises (UMKM)
       longsor di Kabupaten Pekalongan, Kendal, Garut, dan Sumatera Barat, korban tanah longsor
                                                                                                                              through participation in various national and regional exhibitions and the development
       di Kabupaten Purwakarta, korban erupsi Gunung Semeru di Kabupaten Lumajang, Jawa Timur,
                                                                                                                              of UMKM under its guidance by providing UMKM villages in rest areas, empowering
       serta dukungan kemanusiaan bagi masyarakat terdampak bencana di wilayah Sumatra.
                                                                                                                              Green House Rumah Tumbuh, supporting halal certification, providing business training
       As an act of solidarity to communities affected by disasters, Jasa Marga actively distributed                          and assistance, and providing production facilities to improve the competitiveness and
       aid in the form of basic necessities, logistics, and other assistance to flood victims in the DKI                      sustainability of UMKM.
       Jakarta area (North Jakarta, West Jakarta, and East Jakarta), West Java (Cianjur, Tasikmalaya,
       Sukabumi, Garut, Purwakarta Regencies, as well as Bekasi City and Regency), Central Java
       (Pekalongan and Kendal Regencies), East Java, Bali, and North Sumatra. In addition, assistance
       was provided to victims of floods and landslides in Pekalongan, Kendal, Garut, and West                                Mengurangi Ketimpangan dengan Pemberdayaan Masyarakat
       Sumatra Regencies, landslide victims in Purwakarta Regency, victims of the Mount Semeru                                Reducing Inequality through Community Empowerment
       eruption in Lumajang Regency, East Java, as well as humanitarian support for communities                               Komitmen Jasa Marga terhadap inklusivitas ekonomi diwujudkan melalui Program TJSL
       affected by disasters in the Sumatra region.                                                                           Paket Bakti Sosial 6 Panti Asuhan Dalam Perayaan Natal BKK Jasa Marga tahun 2025
                                                                                                                              sebagai bagian dari upaya meningkatkan akses dan kualitas pendidikan inklusif.
                                                                                                                              Jasa Marga’s commitment to economic inclusivity is realized through the TJSL Social
       Budaya Kita Berbagi                                                                                                    Service Package Program for six Orphanages during the 2025 BKK Jasa Marga Christmas
       Our Culture of Sharing                                                                                                 Celebration as part of efforts to improve access to and quality of inclusive education.
       Melalui program Budaya Kita Berbagi, Jasa Marga menyalurkan bantuan 7.750 paket sembako
       ke berbagai yayasan dan lembaga sosial di DKI Jakarta, Jawa Barat, Jawa Tengah, Banten,
       Bandung Barat. Program ini juga mencakup pemberian hewan kurban serta pembagian 12.750                         Lingkungan | Lingkungan
       takjil dalam kegiatan BUKBER (Budaya Kita Berbagi).
       Through the Our Culture of Sharing program, Jasa Marga distributed 7,750 food packages to
       various foundations and social institutions in DKI Jakarta, West Java, Central Java, Banten,
                                                                                                                               Akses Air Bersih dan Sanitasi Layak
       and West Bandung. This program also included the donation of sacrificial animals and the
                                                                                                                               Access to Clean Water and Proper Sanitation
       distribution of 12,750 takjil during the BUKBER (Our Culture of Sharing) event.
                                                                                                                               Jasa Marga berperan aktif dalam menyediakan akses air bersih melalui pembangunan
                                                                                                                               fasilitas Water Treatment di Rest Area Travoy KM 575A Ruas Tol Solo-Ngawi guna
                                                                                                                               meningkatkan sanitasi di berbagai wilayah operasional.
       Jasa Marga Medical Keliling
       Jasa Marga Mobile Medical                                                                                               Jasa Marga plays an active role in providing access to clean water through the construction
                                                                                                                               of a water treatment facility at the Travoy KM 575A Rest Area on the Solo-Ngawi Toll Road
       Dalam upaya meningkatkan kesehatan masyarakat, Jasa Marga menghadirkan layanan Medical                                  to improve sanitation in various operational areas.
       Keliling, yang menyediakan Konsultasi & Pengobatan Gratis, Cek Kesehatan Dasar (Pemeriksaan
       Fisik dan Tes Darah), Edukasi Kesehatan, dan Bantuan nutrisi & obat bagi masyarakat sekitar
       proyek Jalan Tol Jogja-Bawen dan Jalan Tol Solo-Yogyakarta-NYIA Kulon Progo. Dalam
                                                                                                                               Peningkatan Sarana dan Prasarana (Umum dan Ibadah)
       mendukung peningkatan kesehatan masyarakat, Jasa Marga juga turut memberikan bantuan
                                                                                                                               Improvement of Facilities and Infrastructure (Public and Religious)
       perbaikan sarana olahraga, bantuan posyandu, bantuan program stunting, dan bantuan paket
       cek kesehatan veteran serta tenaga penunjang operasional PT Jasamarga Transjawa Tol.                                    Sebagai bentuk kepedulian terhadap fasilitas publik dan kesejahteraan masyarakat, Jasa
                                                                                                                               Marga menyalurkan berbagai bantuan sarana dan prasarana, antara lain pembangunan
       To improve public health, Jasa Marga provides a Mobile Medical Service, which offers free
                                                                                                                               dan perbaikan jalan desa, sarana ibadah, fasilitas pendidikan, posyandu, ruang sekretariat,
       consultations and treatment, basic health checks (physical examinations and blood tests),
                                                                                                                               balai kelurahan serta penerangan jalan umum (PJU). Perseroan juga mendukung
       health education, and nutritional and medication assistance to communities near the Jogja-
                                                                                                                               penguatan kelembagaan dan aktivitas sosial masyarakat melalui bantuan peralatan
       Bawen Toll Road and Solo-Yogyakarta-NYIA Kulon Progo Toll Road projects. In supporting the
                                                                                                                               olahraga, kesenian, perlengkapan kebersihan, sarana umum, serta dukungan bagi
       improvement of public health, Jasa Marga also assists in repairing sports facilities, posyandu
                                                                                                                               kelompok tani, pesantren, dan organisasi kemasyarakatan.
       (integrated health services posts), stunting programs, and health check packages for veterans
       and operational support staff of PT Jasamarga Transjawa Tol.                                                            As a part of its pledge to improve public facilities and community welfare, Jasa Marga
                                                                                                                               distributes various facilities and infrastructure assistance, including the construction and
                                                                                                                               repair of village roads, religious facilities, educational facilities, integrated health service
       Jasa Marga Peduli Pendidikan                                                                                            posts, secretariat rooms, village halls, and public street lighting (PJU). The Company also
       Development and Marketing of MSMEs                                                                                      supports institutional strengthening and community social activities through the provision
                                                                                                                               of sports equipment, arts equipment, cleaning equipment, public facilities, and support for
       Jasa Marga berkontribusi dalam penguatan sektor pendidikan melalui pemberian sarana dan                                 farmer groups, Islamic boarding schools, and community organizations.
       prasarana pembelajaran, seperti komputer, laptop, printer, buku bacaan, alat permainan edukatif,
       serta perlengkapan sekolah bagi sekolah, madrasah, pesantren, PAUD, dan lembaga pendidikan
       non-formal. Program ini dilaksanakan di berbagai wilayah, meliputi DKI Jakarta, Jawa Barat (Bogor,
                                                                                                                               Penanaman Pohon dan Pelestarian Lingkungan
       Bekasi, Depok, Karawang, Cianjur, Sukabumi, dan Cirebon), Banten, Jawa Tengah (Banyumas),
                                                                                                                               Tree Planting and Environmental Conservation
       Jawa Timur (Surabaya), Sumatera Utara (Medan), serta Daerah Istimewa Yogyakarta. Selain itu,
       Jasa Marga juga mendukung peningkatan kualitas lingkungan belajar melalui pembangunan dan                               Jasa Marga berkontribusi dalam pelestarian lingkungan melalui berbagai program
       renovasi ruang kelas, taman baca, serta pembangunan Taman Lalu Lintas di Rest Area Jasa Marga                           penghijauan dan pengelolaan lingkungan di sekitar jalan tol dan rest area. Perseroan
       sebagai sarana edukasi keselamatan berlalu lintas bagi anak-anak.                                                       melakukan penanaman pohon serta mendukung pengelolaan kebersihan melalui
                                                                                                                               penyediaan mesin pemotong rumput, motor viar, dan bak sampah. Selain itu, Perseroan
       Jasa Marga contributes to strengthening the education sector by providing learning facilities
                                                                                                                               juga membangun biopori di Akses Patimban sebagai upaya meningkatkan daya serap
       and infrastructure, such as computers, laptops, printers, reading books, educational games,
                                                                                                                               air dan mengurangi risiko banjir. Perseroan juga melakukan inisiatif pembuatan tempat
       and school supplies for schools, madrasas, Islamic boarding schools, early childhood education
                                                                                                                               sampah Waste Dropbox di lingkungan kantor Perseroan.
       centers, and non-formal educational institutions. This program is implemented in various regions,
       including DKI Jakarta, West Java (Bogor, Bekasi, Depok, Karawang, Cianjur, Sukabumi, and                                Jasa Marga contributes to environmental conservation through various environmental
       Cirebon), Banten, Central Java (Banyumas), East Java (Surabaya), North Sumatra (Medan),                                 management programs around toll roads and rest areas. The Company plants trees and
       and the Yogyakarta province. In addition, Jasa Marga supports the improvement of the learning                           supports cleanliness management by providing lawn mowers, motorcycles, and trash
       environment through the construction and renovation of classrooms, reading parks, and the                               bins. In addition, the Company has built biopores in Akses Patimban to increase water
       construction of Traffic Parks at Jasa Marga Rest Areas as a means of educating children about                           absorption and reduce the risk of flooding. The Company has also initiated the creation of
       traffic safety.                                                                                                         Waste Dropbox trash bins in the company’s office environment.




PT Jasa Marga (Persero) Tbk                 Laporan Tahunan 2025 Annual Report                                                                                                                               777
Page 778
08              Referensi POJK, SEOJK,
                dan Kriteria ARA
                Reference of POJK, SEOJK, and ARA Criteria


            Referensi POJK No. 29/POJK.04/2016 dan
            SEOJK No. 16/SEOJK.04/2021
      780
            POJK No. 29/POJK.04/2016 and SEOJK No. 16/
            SEOJK.04/2021 Reference
            Kriteria Annual Report Award (ARA)
      799
            Annual Report Award (ARA) Criteria




778                                                      Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 779
PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report   779
Page 780
01                              02                       03                     04                                       05
Ikhtisar Kinerja Utama          Laporan Manajemen        Profil Perusahaan       Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report        Company Profile         Management Discussion and Analysis       Business Support Functions




Referensi POJK No. 29/POJK.04/2016
dan SEOJK No. 16/SEOJK.04/2021
POJK NO. 29/POJK.04/2016
and SEOJK No. 16/SEOJK.04/2021 Reference


                                                                Uraian                                                               Halaman
 No.                                                          Description                                                             Page
  1.    Ketentuan Umum
        General Terms

        a.   Laporan Tahunan paling sedikit memuat informasi mengenai:
             1. Ikhtisar data keuangan penting;
             2. Informasi saham (jika ada);
             3. Laporan Direksi;
             4. Laporan Dewan Komisaris;
             5. Profil Emiten atau Perusahaan Publik;
             6. Analisis dan pembahasan manajemen;
             7. Tata kelola Emiten atau Perusahaan Publik;
             8. Tanggung jawab sosial dan lingkungan Emiten atau Perusahaan Publik;
             9. Laporan keuangan tahunan yang telah diaudit; dan
             10. Surat pernyataan anggota Direksi dan anggota Dewan Komisaris tentang tanggung jawab atas Laporan
                 Tahunan;
        a.   The Annual Report shall at least include the following information:
             1. An overview of important financial data;
             2. Share information (if any);
             3. Board of Directors’ report;
             4. Board of Commissioners’ report;
             5. Issuer or Public Company profiles;
             6. Management discussion and analysis;
             7. Issuer or Public Company governance;
             8. Issuer or Public Company social and environmental responsibility;
             9. Audited annual financial statements; and
             10. Statement from the Board of Directors and the Board of Commissioners on their responsibility for the Annual
                 Report;

        b.   Laporan Tahunan dapat menyajikan informasi berupa gambar, grafik, tabel, dan/atau diagram dengan mencantumkan
             judul dan/atau keterangan yang jelas, sehingga mudah dibaca dan dipahami
             Annual reports can present information in the form ofpictures, graphs, tables, and/or diagrams clearly statingthe
             title and/or description, which is easy to read and understand

  2.    Uraian Isi Laporan Tahunan
        Annual Report Contents Description

  A.    Ikhtisar Data Keuangan Penting                                                                                                 20-23
        Summary of Important Financial Data

        Ikhtisar data keuangan penting memuat informasi keuangan yang disajikan dalam bentuk perbandingan selama 3 (tiga)
        tahun buku atau sejak memulai usahanya jika Emiten atau Perusahaan Publik tersebut menjalankan kegiatan usahanya
        kurang dari 3 (tiga) tahun, paling sedikit memuat:
        Financial Highlights includes financial information presented in the form of comparison for 3 (three) financial years, or
        since starting a business if the Issuer’s or the Public Company’s business activities are less than 3 (three) years, and
        should at least include:

        1.   Pendapatan/penjualan;                                                                                                       20
             Revenue/sales;

        2.   Laba bruto;                                                                                                                 20
             Gross profit;

        3.   Laba (rugi);                                                                                                                20
             Profit (loss);

        4.   Jumlah laba (rugi) yang dapat diatribusikan kepada pemilik entitas induk dan kepentingan non pengendali;                    20
             Total profit (loss) attributable to owners of the parent and non-controlling interests;

        5.   Total laba (rugi) komprehensif;                                                                                             20
             Total comprehensive profit (loss);




780                                                                            Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 781
06                                  07                                     08
Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




                                                                     Uraian                                                           Halaman
 No.                                                               Description                                                         Page
       6.   Jumlah laba (rugi) komprehensif yang dapat diatribusikan kepada pemilik entitas induk dan kepentingan                       20
            non pengendali;
            Total comprehensive profit (loss) attributable to owners of the parent and non- controlling interests;

       7.   Laba (rugi) per saham;                                                                                                      20
            Profit (loss) per share;

       8.   Jumlah aset;                                                                                                                21
            Total assets;

       9.   Jumlah liabilitas;                                                                                                          21
            Total liabilities;

       10. Jumlah ekuitas;                                                                                                              21
           Total equities;

       11. Rasio laba (rugi) terhadap jumlah aset;                                                                                      21
           Profit (loss) to total assets ratio;

       12. Rasio laba (rugi) terhadap ekuitas;                                                                                          21
           Profit (loss) to equity ratio;

       13. Rasio laba (rugi) terhadap pendapatan/penjualan;                                                                             21
           Profit (loss) to revenue/sales ratio;

       14. Rasio lancar;                                                                                                                21
           Current ratio;

       15. Rasio liabilitas terhadap ekuitas;                                                                                           21
           Liabilities to equity ratio;

       16. Rasio liabilitas terhadap jumlah aset; dan                                                                                   21
           Liabilities to total assets ratio; and

       17. Informasi dan rasio keuangan lainnya yang relevan dengan Emiten atau Perusahaan Publik dan jenis industrinya.                21
           Other information and financial ratios relevant to the Issuer or a Public Company and its industry type.

  B.   Informasi Saham                                                                                                                 25-26
       Share Information

       Informasi saham bagi Perusahaan Terbuka paling sedikit memuat:                                                                   25
       Share information for a Public Company shall at least contain:
       1. Saham yang telah diterbitkan untuk setiap masa triwulan yang disajikan dalam bentuk perbandingan selama 2 (dua)
            tahun buku terakhir, paling sedikit memuat:
            Shares issued for each quarter are presented in the form of comparison for the last 2 (two) years, to include at least:
            a. Jumlah saham yang beredar;
                 Total outstanding shares;
            b. Kapitalisasi pasar berdasarkan harga pada bursa efek tempat saham dicatatkan;
                 Market capitalization based on the price on the Stock Exchange where the securities are listed;
            c. Harga saham tertinggi, terendah, dan penutupan berdasarkan harga pada bursa efek tempat saham dicatatkan;
                 dan
                 The highest, lowest, and closing share price based on the Stock Exchange where the securities are listed; and
            d. Volume perdagangan pada bursa efek tempat saham dicatatkan.
                 The volume of trading on the Stock Exchange where the securities are listed;
            Informasi dalam huruf b), huruf c), dan huruf d) hanya diungkapkan jika sahamnya tercatat di bursa efek;
            Information on the letter b), c), and d) is only disclosed if the shares are listed on the Stock Exchange;

       2.   Dalam hal terjadi aksi korporasi yang menyebabkan terjadinya perubahan pada saham, seperti pemecahan saham                  31
            (stock split), penggabungan saham (reverse stock), dividen saham, saham bonus, perubahan nilai nominal saham,
            penerbitan efek konversi, serta penambahan dan pengurangan modal, informasi saham sebagaimana dimaksud
            pada angka 1) ditambahkan penjelasan paling sedikit mengenai:
            In the event of a corporate action that causes changes in shares, such as stock splits, reverse stock, stock dividends,
            bonus shares, changes in the shares’ nominal value, conversion securities issuance, as well as capital additions and
            deductions, share information as referred to in number 1) shall be added with, at least, explanation regarding:
            a. Tanggal pelaksanaan aksi korporasi;
                 Corporate action execution date;
            b. Rasio pemecahan saham (stock split), penggabungan saham (reverse stock), dividen saham, saham bonus,
                 jumlah efek konversi yang diterbitkan, dan perubahan nilai nominal saham;
                 The ratio of stock splits, reverse stock, stock dividends, bonus shares, the number of convertible securities
                 issued, and changes in the nominal value of shares;
            c. Jumlah saham beredar sebelum dan sesudah aksi korporasi;
                 The number of shares outstanding before and after the corporate action;
            d. Jumlah efek konversi yang dilaksanakan (jika ada); dan
                 The number of convertible securities exercised (if any); and
            e. Harga saham sebelum dan sesudah aksi korporasi;
                 Share price before and after the corporate action;


PT Jasa Marga (Persero) Tbk      Laporan Tahunan 2025 Annual Report                                                                      781
Page 782
01                               02                         03                     04                                       05
Ikhtisar Kinerja Utama           Laporan Manajemen          Profil Perusahaan       Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report          Company Profile         Management Discussion and Analysis       Business Support Functions




                                                                   Uraian                                                               Halaman
 No.                                                             Description                                                             Page
        3.   Dalam hal terjadi penghentian sementara perdagangan saham (suspension) dan/atau pembatalan pencatatan                           31
             saham (delisting) dalam tahun buku, dijelaskan alasan penghentian sementara perdagangan saham (suspension)
             dan/atau pembatalan pencatatan saham (delisting) tersebut; dan
             in the event of share trading temporary suspension (suspension) and/or shares delisting during the fiscal year, the
             shares’ suspension and/or delisting reasons shall be explained; and

        4.   Dalam hal penghentian sementara perdagangan saham (suspension) sebagaimana dimaksud pada angka 3) dan/                          31
             atau proses pembatalan pencatatan saham (delisting) masih berlangsung hingga akhir periode Laporan Tahunan,
             dijelaskan tindakan yang dilakukan untuk menyelesaikan penghentian sementara perdagangan saham (suspension)
             dan/atau pembatalan pencatatan saham (delisting) tersebut.
             If the share trading temporary suspension as referred to in number 3) and/or the delisting process is still ongoing
             until the end of the Annual Report period, the actions taken to resolve the temporary suspension of share trading
             and/or cancellation of the share listing (delisting) shall be explained.

  C.    Laporan Direksi                                                                                                                   68-83
        Board of Directors Report

        Laporan Direksi paling sedikit memuat uraian singkat mengenai:                                                                      69
        The Board of Directors’ Report shall, at the minimum, contain a brief description of:
        1. Kinerja Emiten atau Perusahaan Publik, paling sedikit memuat:
            The Board of Directors’ report shall, at the minimum, contain a brief description of:

             a.    Strategi dan kebijakan strategis Emiten atau Perusahaan Publik;                                                         71-72
                   The strategy and strategic policy of the Issuer or Public Company;

             b.    Peranan Direksi dalam perumusan strategi dan kebijakan strategis Emiten atau Perusahaan Publik;                        72-73
                   The Board of Directors’ role in formulating strategies and strategic policies of Issuers or Public Companies;

             c.    Proses yang dilakukan Direksi untuk memastikan implementasi strategi Emiten atau Perusahaan Publik;                    73-74
                   The process carried out by the Board of Directors to ensure the implementation of the Issuer’s or Public
                   Company’s strategy;

             d.    Perbandingan antara hasil yang dicapai dengan yang ditargetkan Emiten atau Perusahaan Publik; dan                      74-76
                   Comparison between the results achieved and those targeted by the Issuer or Public Company; and

             e.    Kendala yang dihadapi Emiten atau Perusahaan Publik;                                                                   76-77
                   The constraints faced by the Issuer or Public Company;

        2.   Gambaran tentang prospek usaha Emiten atau Perusahaan Publik; dan                                                            78-80
             Business prospects overview of the Issuer or Public Company; and

        3.   Penerapan tata kelola Emiten atau Perusahaan Publik.                                                                         80-82
             Governance implementation of the Issuer or Public Company.

  D.    Laporan Dewan Komisaris                                                                                                           52-65
        Board of Commissioners Report

        Laporan Dewan Komisaris paling sedikit memuat uraian singkat mengenai:                                                              53
        The Board of Commissioners’ Report shall, at the minimum, contain a brief description of:
        1. Penilaian terhadap kinerja Direksi mengenai pengelolaan Emiten atau Perusahaan Publik, termasuk pengawasan
            Dewan Komisaris dalam perumusan dan implementasi strategi Emiten atau Perusahaan Publik yang dilakukan oleh
            Direksi;
            The Board of Directors’ performance evaluation regarding the management of Issuers or Public Companies, including
            the supervision of the Board of Commissioners in the strategies formulation and implementation for Issuers or
            Public Companies carried out by the Board of Directors;

        2.   Pandangan atas prospek usaha Emiten atau Perusahaan Publik yang disusun oleh Direksi; dan                                    57-58
             View on the business prospects of the Issuer or Public Company prepared by the Board of Directors; and

        3.   Pandangan atas penerapan tata kelola Emiten atau Perusahaan Publik.                                                          58-59
             View on the Issuer or Public Company’s application of governance.




782                                                                               Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 783
06                               07                                      08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




                                                                  Uraian                                                               Halaman
 No.                                                            Description                                                             Page
  E.   Profil Emiten atau Perusahaan Publik                                                                                             88-299
       Profile of the Issuer or Public Company

       Profil Emiten atau Perusahaan Publik paling sedikit memuat informasi:                                                              90
       Profile of the Issuer or Public Company contains, at the minimum, information of:
       1. Nama Emiten atau Perusahaan Publik termasuk apabila terdapat perubahan nama, alasan perubahan, dan tanggal
           efektif perubahan nama pada tahun buku;
           The name of the Issuer or Public Company, including if there was any change of name, the reason for the change,
           and effective date of the name change during the fiscal year;

       2.   Akses terhadap Emiten atau Perusahaan Publik termasuk kantor cabang atau kantor perwakilan yang memungkinkan               91,103-105
            masyarakat dapat memperoleh informasi mengenai Emiten atau Perusahaan Publik, meliputi:
            Access to Issuer or Public Company, including any branch offices or representative offices, which allows the public
            access to information on the Issuer or Public Company, including:
            a. Alamat;
                Address;
            b. Nomor telepon;
                Telephone number;
            c. Alamat surat elektronik; dan
                Electronic mail address; and
            d. Alamat situs web;
                Web site address;

       3.   Riwayat singkat Emiten atau Perusahaan Publik;                                                                               92-93
            A brief history of Issuer or Public Company;

       4.   Visi dan misi Emiten atau Perusahaan Publik serta budaya perusahaan (corporate culture) atau nilai-nilai perusahaan;        106-113
            The vision and mission of the Issuer or Public Company as well as the corporate culture or corporate values;

       5.   Kegiatan usaha menurut anggaran dasar terakhir, kegiatan usaha yang dijalankan pada tahun buku, serta jenis                 114-125
            barang dan/atau jasa yang dihasilkan;
            Business activities according to the last articles of association, the business activities carried out during the fiscal
            year, as well as the type of goods and/or services produced;

       6.   Wilayah operasional Emiten atau Perusahaan Publik;                                                                          96-103
            The operational area of the Issuer or Public Company;
            Wilayah operasional merupakan wilayah atau daerah pelaksanaan kegiatan operasional atau jangkauan dari kegiatan
            operasional perusahaan.
            The operational area is the area or area for the implementation of operational activities or the range of the company’s
            operating activities.

       7.   Struktur organisasi Emiten atau Perusahaan Publik dalam bentuk bagan, paling sedikit sampai dengan struktur                 128-129
            1 (satu) tingkat di bawah Direksi termasuk komite di bawah Direksi (jika ada) dan komite di bawah Dewan Komisaris,
            disertai dengan nama dan jabatan;
            The organizational structure of the Issuer or Public Company in the form of a chart, at the minimum, the structure of
            1 (one) level below the Board of Directors including committees under the Board of Directors (if any) and the Board
            of Commissioners, accompanied by names and positions;

       8.   Daftar keanggotaan asosiasi industri baik dalam skala nasional maupun internasional yang berkaitan dengan                     94
            penerapan keuangan berkelanjutan;
            A list of industry association memberships both on a national and international scale related to the implementation
            of sustainable finance;




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                          783
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01                              02                         03                     04                                       05
Ikhtisar Kinerja Utama          Laporan Manajemen          Profil Perusahaan       Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report          Company Profile         Management Discussion and Analysis       Business Support Functions




                                                                  Uraian                                                               Halaman
 No.                                                            Description                                                             Page
        9.   Profil Direksi, paling sedikit memuat:                                                                                     139-145
             The profile of Directors, to at least include:
             a. Nama dan jabatan yang sesuai dengan tugas dan tanggung jawab;
                 The name and position per the duties and responsibilities;
             b. Foto terbaru;
                 A recent photograph;
             c. Usia;
                 Age;
             d. Kewarganegaraan;
                 Nationality;
             e. Riwayat pendidikan dan/atau sertifikasi;
                 Educational and/or certification history;
             f. Riwayat jabatan, meliputi informasi:
                 Position history, including information on:
                 i.    Dasar hukum pengangkatan sebagai anggota Direksi pada Emiten atau Perusahaan Publik yang
                       bersangkutan;
                       The legal basis for appointment as a member of the Board of Directors of the Issuer or Public Company
                       concerned;
                 ii. Rangkap jabatan, baik sebagai anggota Direksi, anggota Dewan Komisaris, dan/atau anggota komite serta
                       jabatan lainnya baik di dalam maupun di luar Emiten atau Perusahaan Publik. Dalam hal anggota Direksi
                       tidak memiliki rangkap jabatan, maka diungkapkan mengenai hal tersebut; dan
                       Concurrent positions, either as a member of the Board of Directors, member of the Board of Commissioners,
                       and/or committee member, and other positions inside and outside the Issuer or Public Company. If a
                       member of the Board of Directors does not have concurrent positions, then this is disclosed; and
                 iii. Pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Emiten atau Perusahaan Publik.
                       Period of work experience both inside and outside the Issuer or Public Company.
             g. Hubungan afiliasi dengan anggota Direksi lainnya, anggota Dewan Komisaris, pemegang saham utama,
                 dan pengendali baik langsung maupun tidak langsung sampai kepada pemilik individu, meliputi nama pihak
                 yang terafiliasi. Dalam hal anggota tidak memiliki hubungan afiliasi, maka Emiten atau Perusahaan Publik
                 mengungkapkan hal tersebut; dan
                 Affiliation with other members of the Board of Directors, members of the Board of Commissioners, major
                 shareholders, and controllers either directly or indirectly to individual owners, including the names of affiliated
                 parties. If the member has no affiliation relationship, the Issuer or Public Company shall disclose this matter;
                 and
             h. Perubahan komposisi anggota Direksi dan alasan perubahannya. Dalam hal tidak terdapat perubahan komposisi
                 anggota Direksi, maka diungkapkan mengenai hal tersebut;
                 Changes in the composition of the members of the Board of Directors and the reasons for the changes. If there
                 is no change in the composition of the members of the Board of Directors, this matter shall be disclosed;




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Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




                                                                  Uraian                                                         Halaman
 No.                                                            Description                                                       Page
       10. Profil Dewan Komisaris, paling sedikit memuat:                                                                        133-138
           The profile of Board of Commissioners, to at least include:
           a. Nama dan jabatan;
               The name and position;
           b. Foto terbaru;
               A recent photograph;
           c. Usia;
               Age;
           d. Kewarganegaraan;
               Nationality;
           e. Riwayat pendidikan dan/atau sertifikasi;
               Educational and/or certification history;
           f. Riwayat jabatan, meliputi informasi:
               Position history, including information on:
               i.    Dasar hukum pengangkatan sebagai anggota Dewan Komisaris;
                     The legal basis for appointment as a member of the Board of Commissioners of the Issuer or Public
                     Company concerned;
               ii. Dasar hukum pengangkatan pertama kali sebagai anggota Dewan Komisaris yang merupakan komisaris
                     independen pada Emiten atau Perusahaan Publik yang bersangkutan;
                     The legal basis for the first appointment as a member of the Board of Commissioners who is an independent
                     commissioner of the Issuer or Public Company concerned;
               iii. Rangkap jabatan, baik sebagai anggota Dewan Komisaris, anggota Direksi, dan/atau anggota komite serta
                     jabatan lainnya baik di dalam maupun di luar Emiten atau Perusahaan Publik. Dalam hal anggota Dewan
                     Komisaris tidak memiliki rangkap jabatan, maka diungkapkan mengenai hal tersebut; dan
                     Concurrent positions, either as a member of the Board of Commissioners, member of the Board of
                     Directors, and/or committee member, and other positions inside and outside the Issuer or Public Company.
                     If a member of the Board of Commissioners does not have concurrent positions, then this is disclosed; and
               iv. Pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Emiten atau Perusahaan Publik.
                     Period of work experience both inside and outside the Issuer or Public Company.
           g. Hubungan afiliasi dengan anggota Dewan Komisaris lainnya, pemegang saham utama, dan pengendali
               baik langsung maupun tidak langsung sampai kepada pemilik individu, meliputi nama pihak yang terafiliasi;
               Dalam hal anggota Dewan Komisaris tidak memiliki hubungan afiliasi, maka Emiten atau Perusahaan Publik
               mengungkapkan hal tersebut;
               Affiliation with other members of the Board of Commissioners, major shareholders, and controllers either
               directly or indirectly to individual owners, including the names of affiliated parties. If the member has no
               affiliation relationship, the Issuer or Public Company shall disclose this matter; and
           h. Pernyataan independensi komisaris independen dalam hal komisaris independen telah menjabat lebih dari 2
               (dua) periode; dan
               Statement of independence of independent commissioners in the event that the independent commissioner
               has served for more than 2 (two) terms; and
           i.  Perubahan komposisi anggota Dewan Komisaris dan alasan perubahannya. Dalam hal tidak terdapat perubahan
               komposisi anggota Dewan Komisaris, maka diungkapkan mengenai hal tersebut;
               Changes in the composition of the members of the Board of Commissioners and the reasons for the changes.
               If there is no change in the composition of the members of the Board of Commissioners, this matter shall be
               disclosed;

       11. Dalam hal terdapat perubahan susunan anggota Direksi dan/atau anggota Dewan Komisaris yang terjadi setelah              132
           tahun buku berakhir sampai dengan batas waktu penyampaian Laporan Tahunan, susunan yang dicantumkan
           dalam Laporan Tahunan adalah susunan anggota Direksi dan/atau anggota Dewan Komisaris yang terakhir dan
           sebelumnya;
           In the event of changes in the composition of the Board of Directors and/or the Board of Commissioners’ members
           that occurred after the fiscal year ends until the deadline for submission of the Annual Report, the composition to
           be included in the Annual Report is the latest and the previous composition of the Board of Directors and/or the
           Board of Commissioners’ members;

       12. Jumlah karyawan menurut jenis kelamin, jabatan, usia, tingkat pendidikan, dan status ketenagakerjaan (tetap/          176-178
           kontrak) dalam tahun buku;
           Number of employees by gender, position, age, education level, and employment status (permanent/contracted)
           in the fiscal year;
           Pengungkapan informasi dapat disajikan dalam bentuk tabel.
           Disclosure of information can be presented in tabular form.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                   785
Page 786
01                             02                        03                     04                                       05
Ikhtisar Kinerja Utama         Laporan Manajemen         Profil Perusahaan       Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights     Management Report         Company Profile         Management Discussion and Analysis       Business Support Functions




                                                                Uraian                                                               Halaman
 No.                                                          Description                                                             Page
        13. Nama pemegang saham dan persentase kepemilikan pada awal dan akhir tahun buku, yang terdiri dari informasi                243-245
            mengenai:
            Shareholders names and ownership percentage at the beginning and end of the fiscal year, which consists of
            information regarding:
            a. Pemegang saham yang memiliki 5% (lima persen) atau lebih saham Emiten atau Perusahaan Publik;
                 Shareholders who own 5% (five percent) or more shares of the Issuer or Public Company;
            b. Anggota Direksi dan anggota Dewan Komisaris yang memiliki saham Emiten atau Perusahaan Publik. Dalam hal
                 seluruh anggota Direksi dan/atau seluruh anggota Dewan Komisaris tidak memiliki saham, maka diungkapkan
                 mengenai hal tersebut; dan
                 Members of the Board of Directors and members of the Board of Commissioners who own shares in the Issuer
                 or Public Company. If all members of the Board of Directors and/or all members of the Board of Commissioners
                 do not own shares, then this matter is disclosed; and
            c. Kelompok pemegang saham masyarakat, yaitu kelompok pemegang saham yang masing-masing memiliki
                 kurang dari 5% (lima persen) saham Emiten atau Perusahaan Publik;
                 Community shareholder group, namely the group of shareholders whom each own less than 5% (five percent)
                 of the shares of the Issuer or Public Company;
            Informasi di atas dapat disajikan dalam bentuk tabel.
            The above information can be presented in tabular form.

        14. Persentase kepemilikan tidak langsung atas saham Emiten atau Perusahaan Publik oleh anggota Direksi dan anggota           247-248
            Dewan Komisaris pada awal dan akhir tahun buku, termasuk informasi mengenai pemegang saham yang terdaftar
            dalam daftar pemegang saham untuk kepentingan kepemilikan tidak langsung anggota Direksi dan anggota Dewan
            Komisaris;
            Percentage of Indirect Shareholding in the Issuer or Public Company by Members of the Board of Directors and
            the Board of Commissioners at the Beginning and End of the Fiscal Year, Including Information on Shareholders
            Registered in the Shareholder Register for the Benefit of the Indirect Shareholding of Members of the Board of
            Directors and the Board of Commissioners;
            Dalam hal seluruh anggota Direksi dan/atau seluruh anggota Dewan Komisaris tidak memiliki kepemilikan tidak
            langsung atas saham Emiten atau Perusahaan Publik, maka diungkapkan mengenai hal tersebut.
            If all members of the Board of Directors and/or Board of Commissioners do not have indirect ownership of the
            shares of the Issuer or Public Company, this matter shall be disclosed.

        15. Jumlah pemegang saham dan persentase kepemilikan per akhir tahun buku berdasarkan klasifikasi:                               245
            The number of shareholders and the percentage of ownership at the fiscal year-end based on the classification of:
            a. Kepemilikan institusi lokal;
                Local institutions ownership;
            b. Kepemilikan institusi asing;
                Foreign institutional ownership;
            c. Kepemilikan individu lokal; dan
                Local individual ownership; and
            d. Kepemilikan individu asing;
                Foreign individual ownership;

        16. Informasi mengenai pemegang saham utama dan pengendali Emiten atau Perusahaan Publik, baik langsung maupun                   248
            tidak langsung, sampai kepada pemilik individu, yang disajikan dalam bentuk skema atau bagan;
            Information regarding the major and controlling shareholders of the Issuer or Public Company, either directly or
            indirectly, to the individual owners, presented in the form of schematics or charts;

        17. Nama entitas anak, perusahaan asosiasi, perusahaan ventura bersama dimana Emiten atau Perusahaan Publik                   249-251
            memiliki pengendalian bersama entitas (jika ada), beserta persentase kepemilikan saham, bidang usaha, total aset,
            dan status operasi entitas anak, perusahaan asosiasi, perusahaan ventura bersama;
            The name of the subsidiary, associate, joint venture company where the Issuer or Public Company has joint control
            of the entity (if any), along with the percentage of share ownership, line of business, total assets, and operating
            status of the subsidiary, associated company, joint venture company;
            Untuk entitas anak, ditambahkan informasi mengenai alamat entitas anak tersebut.
            For a subsidiary, information about the address of the subsidiary is added.

        18. Kronologis pencatatan saham, jumlah saham, nilai nominal, dan harga penawaran dari awal pencatatan hingga akhir              284
            tahun buku serta nama bursa efek dimana saham Emiten atau Perusahaan Publik dicatatkan, termasuk pemecahan
            saham (stock split), penggabungan saham (reverse stock), dividen saham, saham bonus, dan perubahan nilai
            nominal saham, pelaksanaan efek konversi, pelaksanaan penambahan dan pengurangan modal (jika ada);
            A chronological listing of shares, number of shares, nominal value, and the offer price from the start of recording
            until the end of the fiscal year and the name of the Stock Exchange where the shares of the Issuer or Public
            Company are listed, including stock splits, reverse stock, stock dividends, bonus shares, and changes in the nominal
            value of shares, implementation of conversion effects, implementation of capital additions and subtractions (if any);




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Page 787
06                               07                                       08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




                                                                  Uraian                                                                  Halaman
 No.                                                            Description                                                                Page
       19. Informasi pencatatan efek lainnya selain efek sebagaimana dimaksud pada angka 18, yang belum jatuh tempo                       285-294
           pada tahun buku paling sedikit memuat nama efek, tahun penerbitan, tingkat suku bunga/imbal hasil, tanggal jatuh
           tempo, nilai penawaran, dan peringkat efek (jika ada);
           Other securities listing information other than the securities as referred to in number 18), which have not yet matured
           in the fiscal year, at least contain the name of the securities, year of issue, interest rate/yield, maturity date, offering
           value, and securities rating (if any);

       20. Informasi penggunaan jasa akuntan publik (AP) dan kantor akuntan publik (KAP) beserta jaringan/asosiasi/aliansinya             295-296
           meliputi:
           Information on the use of the services of a public accountant (AP) and a public accounting firm (KAP) and their
           networks/associations/allies include:
           a. Nama dan alamat;
                Name and address;
           b. Periode penugasan;
                Assignment period;
           c. Informasi jasa audit dan/atau non audit yang diberikan;
                Information on audit and/or non-audit services provided;
           d. Biaya jasa (fee) audit dan/atau non audit untuk masing-masing penugasan yang diberikan selama tahun buku;
                dan
                Audit and/or non-audit fee for each assignment given during the fiscal year; and
           e. Dalam hal AP dan KAP beserta jaringan/asosiasi/aliansinya, yang ditunjuk tidak memberikan jasa non audit,
                maka diungkapkan mengenai informasi tersebut; dan
                If AP and KAP and their networks/associations/allies, which are appointed do not provide non-audit services,
                then the information is disclosed; and
           Pengungkapan informasi penggunaan jasa AP dan KAP beserta jaringan/asosiasi/aliansinya dapat disajikan dalam
           bentuk tabel.
           Disclosure of information on the use of AP and KAP services and their networks/associations/allies can be presented
           in tabular form.

       21. Nama dan alamat lembaga dan/atau profesi penunjang pasar modal selain AP dan KAP.                                              295-297
           Name and address of capital market supporting institutions and/or professions other than AP and KAP.

  F.   Analisis dan Pembahasan Manajemen                                                                                                  300-418
       Management Discussion and Analysis

       Analisis dan pembahasan manajemen memuat analisis dan pembahasan mengenai laporan keuangan dan informasi                           310-342
       penting lainnya dengan penekanan pada perubahan material yang terjadi dalam tahun buku, yaitu paling sedikit memuat:
       Management Discussion and Analysis shall include analysis and discussion of the financial statements and other
       important information with an emphasis on material changes that occurred during the fiscal year, to at least have:
       1. Tinjauan operasi per segmen usaha sesuai dengan jenis industri Emiten atau Perusahaan Publik, paling sedikit
           mengenai:
           A review of operations per operating segment based on the Issuer or Public Company’s type of industry, to name
           a few:
           a. Produksi, yang meliputi proses, kapasitas, dan perkembangannya;
                Production, including the process, capacity, and its development;
           b. Pendapatan/penjualan; dan
                Revenue/sales; and
           c. Profitabilitas;
                Profitability;

       2.   Kinerja keuangan komprehensif yang mencakup perbandingan kinerja keuangan dalam 2 (dua) tahun buku terakhir,                  343-379
            penjelasan tentang penyebab adanya perubahan dan dampak perubahan tersebut, paling sedikit mengenai:
            Comprehensive financial performance including a comparison of financial performance in the last 2 (two) years, an
            explanation of the cause of any changes and the impact of such changes, to name a few:
            a. Aset lancar, aset tidak lancar, dan total aset;
                Current assets, non-current assets, and total assets;
            b. Liabilitas jangka pendek, liabilitas jangka panjang, dan total liabilitas;
                Short-term liabilities, long-term liabilities, and total liabilities;
            c. Ekuitas;
                Equity;
            d. Pendapatan/penjualan, beban, laba (rugi), penghasilan komprehensif lain, dan total laba (rugi) komprehensif;
                dan
                Revenue/sales, expenses, profit (loss), other comprehensive income, and total comprehensive profit (loss); and
            e. Arus kas;
                Cash flow;

       3.   Kemampuan membayar utang atau kewajiban dengan menyajikan perhitungan rasio yang relevan;                                     380-382
            Ability to pay the debt by presenting the relevant ratios;

       4.   Tingkat kolektibilitas piutang Emiten atau Perusahaan Publik dengan menyajikan perhitungan rasio yang relevan;                  382
            The collectibility level of the Issuer’s or Public Company’s receivables by presenting the relevant ratio calculations;




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                             787
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01                              02                         03                      04                                       05
Ikhtisar Kinerja Utama          Laporan Manajemen          Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights      Management Report          Company Profile          Management Discussion and Analysis       Business Support Functions




                                                                  Uraian                                                                Halaman
 No.                                                            Description                                                              Page
        5.   Struktur modal (capital structure) dan kebijakan manajemen atas struktur modal (capital structure) tersebut disertai        382-383
             dasar penentuan kebijakan dimaksud;
             Capital structure and management policies on capital structure accompanied by the basis for determining the policy;

        6.   Bahasan mengenai ikatan yang material untuk investasi barang modal dengan penjelasan paling sedikit memuat:                    384
             Discussion on material commitments for capital investments with explanations, to name a few:
             a. Tujuan dari ikatan tersebut;
                 The purpose of such commitments;
             b. Sumber dana yang diharapkan untuk memenuhi ikatan tersebut;
                 Sources of funds to meet such commitments;
             c. Mata uang yang menjadi denominasi; dan
                 Currency-denominated; and
             d. Langkah yang direncanakan Emiten atau Perusahaan Publik untuk melindungi risiko dari posisi mata uang asing
                 yang terkait;
                 Planned measures by the Issuer or Public Company to cover the risks of foreign currency positions;

        7.   Bahasan mengenai investasi barang modal yang direalisasikan dalam tahun buku terakhir, paling sedikit memuat:                  384
             Discussion regarding capital goods investments realized in the last fiscal year, to name a few:
             a. Jenis investasi barang modal;
                 Type of capital goods investments;
             b. Tujuan investasi barang modal; dan
                 Capital goods investment objectives; and
             c. Nilai investasi barang modal yang dikeluarkan;
                 Value of capital goods investments realized;

        8.   Informasi dan fakta material yang terjadi setelah tanggal laporan akuntan (jika ada);                                       386-387
             Material information and facts occurring after the date of the auditor’s report (if any);

        9.   Prospek usaha dari Emiten atau Perusahaan Publik dikaitkan dengan kondisi industri, ekonomi secara umum dan                 388-389
             pasar internasional disertai data pendukung kuantitatif dari sumber data yang layak dipercaya;
             Business prospects of the Issuer or Public Company based on the condition of the industry, the general economy,
             and the international markets supporting quantitative data from trusted data sources;

        10. Perbandingan antara target/proyeksi pada awal tahun buku dengan hasil yang dicapai (realisasi), mengenai:                    385-386
            Comparison between the targets/projections at the beginning of the year with the results achieved (realized),
            including:
            a. Pendapatan/penjualan;
                 Revenue/sales;
            b. Laba (rugi);
                 Profit (loss);
            c. Struktur modal (capital structure); atau
                 Capital structure; or
            d. Hal lainnya yang dianggap penting bagi Emiten atau Perusahaan Publik;
                 Other matters that are considered important for the Issuer or Public Company;

        11. Target/proyeksi yang ingin dicapai Emiten atau Perusahaan Publik untuk 1 (satu) tahun mendatang, mengenai:                   385-386
            Targets/projections to be achieved by the Issuer or Public Company for 1 (one) year ahead, including:
            a. Pendapatan/penjualan;
                Revenues/sales;
            b. Laba (rugi);
                Profit (loss)
            c. Struktur modal (capital structure);
                Capital structure;
            d. Kebijakan dividen; atau
                Dividend policy; or
            e. Hal lainnya yang dianggap penting bagi Emiten atau Perusahaan Publik;
                Other matters that are considered important for the Issuer or Public Company;

        12. Aspek pemasaran atas barang dan/atau jasa Emiten atau Perusahaan Publik, paling sedikit mengenai strategi                    390-391
            pemasaran dan pangsa pasar;
            The Issuer or Public Company’s marketing of goods and/or services, at least including the marketing strategy and
            market share;




788                                                                               Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 789
06                               07                                     08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




                                                                  Uraian                                                             Halaman
 No.                                                            Description                                                           Page
       13. Uraian mengenai dividen selama 2 (dua) tahun buku terakhir, paling sedikit:                                               392-393
           Description of dividends for the last 2 (two) fiscal years, at least:
           a. Kebijakan dividen, antara lain memuat informasi persentase jumlah dividen yang dibagikan terhadap laba bersih;
                Dividend policy, which includes information on the percentage of dividends distributed to net income;
           b. Tanggal pembayaran dividen kas dan/atau tanggal distribusi dividen non kas;
                Date of payment of cash dividends and/or date of distribution of non-cash dividends;
           c. Jumlah dividen per saham (kas dan/atau non kas); dan
                The amount of dividends per share (cash and/or non-cash); and
           d. Jumlah dividen per tahun yang dibayar;
                The amount of dividends paid annually;
           Pengungkapan informasi dapat disajikan dalam bentuk tabel. Dalam hal Emiten atau Perusahaan Publik tidak
           membagikan dividen dalam 2 (dua) tahun terakhir, maka diungkapkan mengenai hal tersebut.
           Disclosure of information can be presented in tabular form. If the Issuer or Public Company does not distribute
           dividends in the last 2 (two) years, this matter shall be disclosed.

       14. Realisasi penggunaan dana hasil penawaran umum, dengan ketentuan:                                                         395-397
           Realization of the use of proceeds from the public offering, provided that:
           a. Dalam hal selama tahun buku, Emiten memiliki kewajiban menyampaikan laporan realisasi penggunaan dana,
               maka diungkapkan realisasi penggunaan dana hasil penawaran umum secara kumulatif sampai dengan akhir
               tahun buku; dan
               If, during the fiscal year, the Issuer must submit a report on the realization of the use of funds, then the
               realization of the cumulative use of the proceeds from the public offering shall be disclosed until the end of the
               fiscal year; and
           b. Dalam hal terdapat perubahan penggunaan dana sebagaimana diatur dalam Peraturan Otoritas Jasa Keuangan
               mengenai laporan realisasi penggunaan dana hasil penawaran umum, maka Emiten menjelaskan perubahan
               tersebut;
               If there is a change in the use of funds as regulated in the Financial Services Authority Regulation regarding the
               report on the realization of the use of the proceeds from the public offering, the Issuer shall explain the change;




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01                               02                           03                       04                                           05
Ikhtisar Kinerja Utama           Laporan Manajemen            Profil Perusahaan         Analisa dan Pembahasan Manajemen             Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report            Company Profile           Management Discussion and Analysis           Business Support Functions




                                                                     Uraian                                                                     Halaman
 No.                                                               Description                                                                   Page
        15. Informasi material (jika ada), antara lain mengenai investasi, ekspansi, divestasi, penggabungan/peleburan usaha,                    398-410
            akuisisi, restrukturisasi utang/modal, transaksi material, transaksi afiliasi, dan transaksi benturan kepentingan, yang
            terjadi pada tahun buku, paling sedikit memuat:
            Material information (if any), among others regarding investment, expansion, divestment, business merger/
            consolidation, acquisition, debt/capital restructuring, material transactions, affiliated transactions, and conflict of
            interest transactions, which occurred during the fiscal year, at least containing:
            a. Tanggal, nilai, dan objek transaksi;
                 The date, value, and object of the transaction;
            b. Nama pihak yang melakukan transaksi;
                 The name of the party conducting the transaction;
            c. Sifat hubungan afiliasi (jika ada);
                 The nature of the affiliation relationship (if any);
            d. Penjelasan mengenai kewajaran transaksi;
                 Explanation of the fairness of the transaction;
            e. Pemenuhan ketentuan terkait; dan
                 Compliance with related provisions; and
            f. Dalam hal terdapat hubungan afiliasi, selain mengungkapkan informasi sebagaimana dimaksud dalam huruf a)
                 sampai dengan huruf e), Emiten atau Perusahaan Publik juga mengungkapkan informasi:
                 If there is an affiliation relationship, in addition to disclosing the information as referred to in letter a) to letter e),
                 the Issuer or Public Company also discloses information:
                 i.   Pernyataan Direksi bahwa transaksi afiliasi telah melalui prosedur yang memadai untuk memastikan bahwa
                      transaksi afiliasi dilaksanakan sesuai dengan praktik bisnis yang berlaku umum antara lain dilakukan
                      dengan memenuhi prinsip transaksi yang wajar (arms-length principle); dan
                      A statement from the Board of Directors that the affiliate transaction has gone through adequate
                      procedures to ensure that the affiliate transaction is carried out following generally accepted business
                      practices, among others, by complying with the arms-length principle; and
                 ii. Peran Dewan Komisaris dan komite audit dalam melakukan prosedur yang memadai untuk memastikan
                      bahwa transaksi afiliasi dilaksanakan sesuai dengan praktik bisnis yang berlaku umum antara lain dilakukan
                      dengan memenuhi prinsip transaksi yang wajar (arms-length principle);
                      The role of the Board of Commissioners and the audit committee in carrying out adequate procedures to
                      ensure that affiliated transactions are carried out following generally accepted business practices, among
                      others, by complying with the arms-length principle;
            g. Untuk transaksi afiliasi atau transaksi material yang merupakan kegiatan usaha yang dijalankan dalam rangka
                 menghasilkan pendapatan usaha dan dijalankan secara rutin, berulang, dan/atau berkelanjutan, ditambahkan
                 penjelasan bahwa transaksi afiliasi atau transaksi material tersebut merupakan kegiatan usaha yang dijalankan
                 dalam rangka menghasilkan pendapatan usaha dan dijalankan secara rutin, berulang, dan/atau berkelanjutan;
                 For affiliated or material transactions, which are business activities carried out to generate business income and
                 are carried out regularly, repeatedly, and/or continuously, an explanation is added that the affiliated or material
                 transactions are business activities carried out to generate operating income. and run regularly, repeatedly,
                 and/or continuously;
                 Dalam hal transaksi afiliasi atau transaksi material dimaksud telah diungkapkan dalam laporan keuangan
                 tahunan, ditambahkan informasi mengenai rujukan pengungkapan dalam laporan keuangan tahunan tersebut.
                 If the affiliated or material transactions have been disclosed in the annual financial statements, additional
                 information regarding the disclosure reference in the annual financial statements is added.
            h. Untuk pengungkapan transaksi afiliasi dan/atau transaksi benturan kepentingan yang merupakan hasil
                 pelaksanaan transaksi afiliasi dan/atau transaksi benturan kepentingan yang telah disetujui pemegang saham
                 independen, ditambahkan informasi mengenai tanggal pelaksanaan RUPS yang menyetujui transaksi afiliasi
                 dan/atau transaksi benturan kepentingan tersebut;
                 For disclosure of affiliated transactions and/or conflict of interest transactions resulting from the implementation
                 of affiliated transactions and/or conflict of interest transactions that have been approved by independent
                 shareholders, additional information regarding the date of the GMS which approved the affiliated transactions
                 and/or conflict of interest transactions is added;
            i.   Dalam hal tidak terdapat transaksi afiliasi dan/atau transaksi benturan kepentingan, maka diungkapkan
                 mengenai hal tersebut;
                 If there is no affiliated transaction and/or conflict of interest transaction; then this matter shall be disclosed;

        16. Perubahan ketentuan peraturan perundang-undangan yang berpengaruh signifikan terhadap Emiten atau                                    412-415
            Perusahaan Publik dan dampaknya terhadap laporan keuangan (jika ada); dan
            Changes in regulations and legislation that significantly impact the Issuer or Public Company and the impact on the
            financial statements (if any); and

        17. Perubahan kebijakan akuntansi, alasan dan dampaknya terhadap laporan keuangan (jika ada).                                               416
            Changes in accounting policies, reasons, and impact on the financial statements (if any);




790                                                                                   Laporan Tahunan 2025 Annual Report       PT Jasa Marga (Persero) Tbk
Page 791
06                                 07                                       08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




                                                                    Uraian                                                                Halaman
 No.                                                              Description                                                              Page
  G.   Tata Kelola Emiten atau Perusahaan Publik
       Corporate Governance of Issuer or Public Company

       Tata kelola Emiten atau Perusahaan Publik paling sedikit memuat uraian singkat mengenai:
       The governance of the Issuer or Public Company shall, at the minimum, contain a brief description of:
       1. RUPS, paling sedikit memuat:
           GMS, at the minimum, contains:

            a.   Informasi mengenai keputusan RUPS pada tahun buku dan 1 (satu) tahun sebelum tahun buku meliputi:                        513-519
                 Information regarding the resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal year              529-532
                 include:                                                                                                                 532-538

                 i.    Keputusan RUPS pada tahun buku dan 1 (satu) tahun sebelum tahun buku yang direalisasikan pada tahun                513-519
                       buku; dan                                                                                                          529-532
                       The GMS’ resolutions in the fiscal year and 1 (one) year before the fiscal year are realized in the fiscal year;   532-538
                       and

                 ii.   Keputusan RUPS pada tahun buku dan 1 (satu) tahun sebelum tahun buku yang belum direalisasikan                     513-519
                       beserta alasan belum direalisasikan;                                                                               529-532
                       Resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal year that has not been realized       532-538
                       and the reasons for not realizing them;

            b.   Dalam hal Emiten atau Perusahaan Publik menggunakan pihak independen dalam pelaksanaan RUPS untuk                        511, 526
                 melakukan perhitungan suara, maka diungkapkan mengenai hal tersebut;
                 If the Issuer or Public Company uses an independent party in the conduct of the GMS to calculate the votes,
                 then this matter shall be disclosed;

       2.   Direksi, paling sedikit memuat:                                                                                               567-588
            The Board of Directors, at the minimum, contains:

            a.   Tugas dan tanggung jawab masing-masing anggota Direksi;                                                                  571-572
                 Duties and responsibilities of each member of the Board of Directors;
                 Informasi mengenai tugas dan tanggung jawab masing-masing anggota Direksi diuraikan dan dapat disajikan
                 dalam bentuk tabel.
                 The duties and responsibilities of each member of the Board of Directors are described and can be presented
                 in tabular form.

            b.   Pernyataan bahwa Direksi memiliki pedoman atau piagam (charter) Direksi;                                                   567
                 A statement that the Board of Directors has guidelines or charter for the Board of Directors;

            c.   Kebijakan dan pelaksanaan frekuensi rapat Direksi, rapat Direksi bersama Dewan Komisaris, dan tingkat                    594, 597,
                 kehadiran anggota Direksi dalam rapat tersebut termasuk kehadiran dalam RUPS;                                            510, 525,
                 Policies and implementation of the Board of Directors’ meeting frequency, Board of Directors’ meeting with               597, 598
                 the Board of Commissioners, and the Board of Directors member’s attendance level in the meeting including
                 attendance at the GMS;
                 Informasi tingkat kehadiran anggota Direksi dalam rapat Direksi, rapat Direksi bersama Dewan Komisaris, atau
                 RUPS dapat disajikan dalam bentuk tabel.
                 Information on the Board of Directors member’s level of attendance at the meeting of the Board of Directors,
                 the meeting of the Board of Directors with the Board of Commissioners, or the GMS can be presented in tabular
                 form.

            d.   Pelatihan dan/atau peningkatan kompetensi anggota Direksi:                                                               581-582
                 Training and/or competency improvement of the Board of Directors members:

                 i.    Kebijakan pelatihan dan/atau peningkatan kompetensi anggota Direksi, termasuk program orientasi bagi               581-582
                       anggota Direksi yang baru diangkat (jika ada); dan
                       Training and/or improving the competence of members of the Board of Directors policy, including an
                       orientation program for newly appointed members of the Board of Directors (if any); and

                 ii.   Pelatihan dan/atau peningkatan kompetensi yang diikuti anggota Direksi dalam tahun buku (jika ada);                181-185,
                       Training and/or competency improvement attended by members of the Board of Directors in the fiscal year              582
                       (if any);

            e.   Penilaian Direksi terhadap kinerja komite yang mendukung pelaksanaan tugas Direksi pada tahun buku paling                586-587
                 sedikit memuat:
                 The Board of Directors’ assessment of the performance of the committees that support the implementation of
                 the Board of Directors’ duties for the fiscal year shall at least contain:
                 i.  Prosedur penilaian kinerja; dan
                     Performance appraisal procedures; and
                 ii. Kriteria yang digunakan seperti capaian kinerja selama tahun buku, kompetensi dan kehadiran dalam rapat;
                     dan
                     The criteria used, such as performance achievements during the fiscal year, competence and attendance
                     at meetings; and




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                            791
Page 792
01                                  02                       03                    04                                       05
Ikhtisar Kinerja Utama              Laporan Manajemen        Profil Perusahaan      Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report        Company Profile        Management Discussion and Analysis       Business Support Functions




                                                                    Uraian                                                              Halaman
 No.                                                              Description                                                            Page
             f.    Dalam hal Emiten atau Perusahaan Publik tidak memiliki komite yang mendukung pelaksanaan tugas Direksi,                   -
                   maka diungkapkan mengenai hal tersebut.
                   If the Issuer or Public Company does not have a committee that supports the implementation of the duties of
                   the Board of Directors, this matter shall be disclosed.

        3.   Dewan Komisaris, paling sedikit memuat:                                                                                     539-566
             The Board of Commissioners, at the minimum, contains:

             a.    Tugas dan tanggung jawab Dewan Komisaris;                                                                             544-546
                   Duties and responsibilities of the Board of Commissioners;

             b.    Pernyataan bahwa Dewan Komisaris memiliki pedoman atau piagam (charter) Dewan Komisaris;                                 539
                   A statement that the Board of Commissioners has guidelines or charter for the Board of Commissioners;

             c.    Kebijakan dan pelaksanaan frekuensi rapat Dewan Komisaris, rapat Dewan Komisaris bersama Direksi dan                 510, 525,
                   tingkat kehadiran anggota Dewan Komisaris dalam rapat tersebut termasuk kehadiran dalam RUPS;                        592-593,
                   Policies and implementation of the Board of Commissioners meeting frequency, meetings of the Board                   597-598
                   of Commissioners with the Board of Directors and the level of attendance of members of the Board of
                   Commissioners in such meetings including attendance at the GMS;
                   Informasi tingkat kehadiran anggota Dewan Komisaris dalam rapat Dewan Komisaris, rapat Dewan Komisaris
                   bersama Direksi, atau RUPS dapat disajikan dalam bentuk tabel.
                   Information on the Board of Commissioners members’ attendance level at the meeting of the Board of
                   Commissioners, the meeting of the Board of Commissioners with the Board of Directors, or the GMS can be
                   presented in tabular form.

             d.    Pelatihan dan/atau peningkatan kompetensi anggota Dewan Komisaris:                                                    179-180,
                   Training and/or competency improvement of members of the Board of Commissioners:                                        557

                   i.     Kebijakan pelatihan dan/atau peningkatan kompetensi anggota Dewan Komisaris, termasuk program                  556-557
                          orientasi bagi anggota Dewan Komisaris yang baru diangkat (jika ada); dan
                          Policy on training and/or improving the Board of Commissioners members’ competence, including
                          orientation programs for newly appointed members of the Board of Commissioners (if any); and

                   ii.    Pelatihan dan/atau peningkatan kompetensi yang diikuti anggota Dewan Komisaris dalam tahun buku (jika          179-180,
                          ada);                                                                                                            557
                          Training and/or competency improvement attended by members of the Board of Commissioners in the
                          fiscal year (if any);

             e.    Penilaian kinerja Direksi dan Dewan Komisaris serta masing-masing anggota Direksi dan anggota Dewan                    561,
                   Komisaris, paling sedikit memuat:                                                                                    589-590,
                   Performance appraisal of the Board of Directors and the Board of Commissioners as well as each member of             590-591
                   the Board of Directors and the Board of Commissioners, at the minimum containing:

                   i.     Prosedur pelaksanaan penilaian kinerja;                                                                        589, 591
                          Procedures for implementing performance appraisals;

                   ii.    Kriteria yang digunakan seperti capaian kinerja selama tahun buku, kompetensi dan kehadiran dalam rapat;      589-590,
                          dan                                                                                                             591
                          The criteria used such as performance achievements during the fiscal year, competence and attendance
                          at meetings; and

                   iii.   Pihak yang melakukan penilaian; dan                                                                            589 591
                          The party conducting the assessment; and

             f.    Penilaian Dewan Komisaris terhadap kinerja Komite yang mendukung pelaksanaan tugas Dewan Komisaris pada                  562
                   tahun buku meliputi:
                   The Board of Commissioners’ assessment of the performance of the Committees that support the implementation
                   of the duties of the Board of Commissioners in the fiscal year includes:

                   i.     Prosedur penilaian kinerja; dan                                                                                   562
                          Performance appraisal procedures; and

                   ii.    Kriteria yang digunakan seperti capaian kinerja selama tahun buku, kompetensi dan kehadiran dalam rapat;          562
                          The criteria used such as performance achievements during the fiscal year, competence, and attendance
                          at meetings;

        4.   Nominasi dan remunerasi Direksi dan Dewan Komisaris, paling sedikit memuat:                                                 599-603
             The nomination and remuneration of the Board of Directors and the Board of Commissioners shall at least contain:

             a.    Prosedur nominasi, meliputi uraian singkat mengenai kebijakan dan proses nominasi anggota Direksi dan/atau               599
                   anggota Dewan Komisaris; dan
                   Nomination procedure, including a brief description of the policies and members nomination process of the
                   Board of Directors and/or the Board of Commissioners; and

             b.    Prosedur dan pelaksanaan remunerasi Direksi dan Dewan Komisaris, antara lain:                                         599-603
                   Procedures and implementation of remuneration for the Board of Directors and the Board of Commissioners,
                   among others:




792                                                                               Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 793
06                                 07                                     08
Tata Kelola Perusahaan             Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance          Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




                                                                    Uraian                                                         Halaman
 No.                                                              Description                                                       Page
                 i.     Prosedur penetapan remunerasi Direksi dan Dewan Komisaris;                                                 599-600
                        Procedures for determining remuneration for the Board of Directors and the Board of Commissioners;

                 ii.    Struktur remunerasi Direksi dan Dewan Komisaris seperti, gaji, tunjangan, tantiem/bonus dan lainnya; dan   600-601
                        The remuneration structure of the Board of Directors and the Board of Commissioners such as salary,
                        allowances, tantiem/bonus, and others; and

                 iii.   Besarnya remunerasi masing-masing anggota Direksi dan anggota Dewan Komisaris; Pengungkapan                602-603
                        informasi dapat disajikan dalam bentuk tabel.
                        The amount of remuneration for each member of the Board of Directors and member of the Board of
                        Commissioners; Disclosure of information can be presented in tabular form.

       5.   Dewan pengawas syariah, bagi Emiten atau Perusahaan Publik yang menjalankan kegiatan usaha berdasarkan                    -
            prinsip syariah sebagaimana tertuang dalam anggaran dasar, paling sedikit memuat:
            The Sharia Supervisory Board, the Issuer or Public Company that runs the business activities based on sharia
            principles as stated in the articles of association shall, at the minimum, include:
            a. Nama;
                Names;
            b. Dasar hukum pengangkatan dewan pengawas syariah;
                The legal basis for the appointment of the sharia supervisory board;
            c. Periode penugasan dewan pengawas syariah;
                The period of assignment of the sharia supervisory board;
            d. Tugas dan tanggung jawab dewan pengawas syariah; dan
                Duties and responsibilities of the sharia supervisory board; and
            e. Frekuensi dan cara pemberian nasihat dan saran serta pengawasan pemenuhan prinsip syariah di pasar modal
                terhadap Emiten atau Perusahaan Publik;
                Frequency and mode of administration advice and suggestions as well as monitoring compliance with sharia
                principles in the Capital Market of the Issuer or Public Company;

       6.   Komite audit, paling sedikit memuat:                                                                                   614-632
            The Audit Committee, including, at the minimum:

            a.   Nama dan jabatannya dalam keanggotaan komite;                                                                     146-148,
                 Names and positions of the committee members;                                                                       617

            b.   Usia;                                                                                                             146-148
                 Age;

            c.   Kewarganegaraan;                                                                                                  146-148
                 Nationality;

            d.   Riwayat pendidikan;                                                                                               146-148
                 Education history;

            e.   Riwayat jabatan, meliputi informasi:                                                                              146-148
                 Position history, including:

                 i.     Dasar hukum penunjukan sebagai anggota komite;                                                             146-148
                        Legal basis for appointment as a committee member;

                 ii.    Rangkap jabatan, baik sebagai anggota Dewan Komisaris, anggota Direksi, dan/atau anggota komite serta      146-148
                        jabatan lainnya (jika ada); dan
                        Concurrent positions as members of the Board of Commissioners, members of the Board of Directors and/
                        or members of committees as well as other positions (if any); and

                 iii.   Pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Emiten atau Perusahaan Publik;      146-148
                        Work experience both inside and outside the Issuer or Public Company;

            f.   Periode dan masa jabatan anggota komite audit;                                                                    146-148,
                 Period and tenure of Audit Committee members;                                                                       616

            g.   Pernyataan independensi komite audit;                                                                             617-618
                 Statement of Audit Committee independence;

            h.   Pelatihan dan/atau peningkatan kompetensi yang telah diikuti dalam tahun buku (jika ada);                         185-186,
                 Training and/or competency improvement that has been followed in the fiscal year (if any);                          621

            i.   Kebijakan dan pelaksanaan frekuensi rapat komite audit dan tingkat kehadiran anggota komite audit dalam           621-622
                 rapat tersebut; dan
                 Policy and implementation of Audit Committee meeting frequency and level of attendance of Audit Committee
                 members at the meetings;

            j.   Pelaksanaan kegiatan komite audit pada tahun buku sesuai dengan yang dicantumkan dalam pedoman atau               621-626
                 piagam (charter) komite audit;
                 Implementation of Audit Committee activities in the fiscal year in the Audit Committee guidelines or charter;

       7.   Komite atau fungsi nominasi dan remunerasi Emiten atau Perusahaan Publik, paling sedikit memuat:                       633-645
            The nomination and remuneration committee or function of the Issuer or Public Company, at the minimum, containing:



PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                    793
Page 794
01                                  02                       03                      04                                       05
Ikhtisar Kinerja Utama              Laporan Manajemen        Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights          Management Report        Company Profile          Management Discussion and Analysis       Business Support Functions




                                                                    Uraian                                                                Halaman
 No.                                                              Description                                                              Page
             a.    Nama dan jabatannya dalam keanggotaan komite;                                                                           149-151,
                   Names and positions of the committee members;                                                                             636

             b.    Usia;                                                                                                                   149-151
                   Age;

             c.    Kewarganegaraan;                                                                                                        149-151
                   Nationality;

             d.    Riwayat pendidikan;                                                                                                     149-151
                   Education history;

             e.    Riwayat jabatan, meliputi informasi:                                                                                    149-151
                   Position history, including:

                   i.     Dasar hukum penunjukan sebagai anggota komite;                                                                   149-151
                          Legal basis for appointment as a committee member;

                   ii.    Rangkap jabatan, baik sebagai anggota Dewan Komisaris, anggota Direksi, dan/atau anggota komite serta            149-151
                          jabatan lainnya (jika ada); dan
                          Concurrent positions as members of the Board of Commissioners, members of the Board of Directors and/
                          or members of committees as well as other positions (if any); and

                   iii.   Pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Emiten atau Perusahaan Publik;            149-151
                          Work experience both inside and outside the Issuer or Public Company;

             f.    Periode dan masa jabatan anggota komite;                                                                                149-151,
                   Period and tenure of committee members;                                                                                   635

             g.    Pernyataan independensi komite;                                                                                         636-637
                   Statement of committee independence;

             h.    Pelatihan dan/atau peningkatan kompetensi yang telah diikuti dalam tahun buku (jika ada);                               187, 640
                   Training and/or competency improvement that has been followed in the fiscal year (if any);

             i.    Uraian tugas dan tanggung jawab;                                                                                        638-639
                   Description of duties and responsibilities;

             j.    Pernyataan bahwa telah memiliki pedoman atau piagam (charter);                                                             634
                   Statement that it has established committee guidelines or charter;

             k.    Kebijakan dan pelaksanaan frekuensi rapat dan tingkat kehadiran anggota dalam rapat tersebut;                           641-643
                   Policy and implementation of committee meeting frequency and level of attendance of committee members at
                   the meetings;

             l.    Uraian singkat pelaksanaan kegiatan pada tahun buku; dan                                                                640-641
                   A brief description of the committee’s activities in the fiscal year;

             m. Dalam hal tidak dibentuk komite nominasi dan remunerasi, Emiten atau Perusahaan Publik cukup mengungkapkan                     -
                informasi sebagaimana dimaksud dalam huruf i) sampai dengan huruf l) dan mengungkapkan:
                If no nomination and remuneration committee is formed, the Issuer or Public Company is to disclose the
                information as referred to in letter i) to letter l) and disclose:

                   i.     Alasan tidak dibentuknya komite; dan                                                                                 -
                          Reasons for not forming the committee; and

                   ii.    Pihak yang melaksanakan fungsi nominasi dan remunerasi;                                                              -
                          The party carrying out the nomination and remuneration function;

        8.   Komite lain yang dimiliki Emiten atau Perusahaan Publik dalam rangka mendukung fungsi dan tugas Direksi (jika ada)           646-659,
             dan/atau komite yang mendukung fungsi dan tugas Dewan Komisaris, paling sedikit memuat:                                      659-666,
             Other committees owned by Issuers or Public Companies to support the functions and duties of the Board of                    670-678,
             Directors (if any) and/or committees that support the functions and responsibilities of the Board of Commissioners,          678-682,
             at the minimum, containing:                                                                                                  683-689

             a.    Nama dan jabatannya dalam keanggotaan komite;                                                                          152-154,
                   Name and position in committee membership;                                                                             649, 155-
                                                                                                                                          163, 661-
                                                                                                                                          662, 139-
                                                                                                                                        145, 165-175,
                                                                                                                                          674-675,
                                                                                                                                          139-145,
                                                                                                                                          165-175,
                                                                                                                                          680-681,
                                                                                                                                          139-145,
                                                                                                                                        165-175, 686

             b.    Usia;                                                                                                                   152-154,
                   Age;                                                                                                                    155-163




794                                                                                  Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 795
06                                  07                                     08
Tata Kelola Perusahaan              Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance           Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




                                                                     Uraian                                                          Halaman
 No.                                                               Description                                                        Page
            c.   Kewarganegaraan;                                                                                                     152-154,
                 Nationality;                                                                                                         155-163

            d.   Riwayat pendidikan;                                                                                                  152-154,
                 Educational history;                                                                                                 155-163

            e.   Riwayat jabatan, meliputi informasi:                                                                                 152-154,
                 Position history, including information on:                                                                          155-163

                 i.     Dasar hukum penunjukan sebagai anggota komite;                                                                152-154,
                        Legal basis for appointment as a committee member;                                                            155-163

                 ii.    Rangkap jabatan, baik sebagai anggota Dewan Komisaris, anggota Direksi, dan/atau anggota komite serta         152-154,
                        jabatan lainnya (jika ada); dan                                                                               155-163
                        Concurrent positions, either as a member of the Board of Commissioners, member of the Board of Directors,
                        and/or committee member and other positions (if any); and

                 iii.   Pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Emiten atau Perusahaan Publik;         152-154,
                        Work experience and period both inside and outside the Issuer or Public Company;                              155-163

            f.   Periode dan masa jabatan anggota komite;                                                                             152-154,
                 The period and term of office of the committee members;                                                              648, 660
                                                                                                                                        675,
                                                                                                                                    680-681, 686

            g.   Pernyataan independensi komite;                                                                                      649-651,
                 Statement of committee independence;                                                                                 662-663,
                                                                                                                                    677, 682, 686

            h.   Pelatihan dan/atau peningkatan kompetensi yang telah diikuti dalam tahun buku (jika ada); dan                        187, 653,
                 Training and/or competency improvement that has been followed in the fiscal year (if any); and                     188-199, 664,
                                                                                                                                      200-208,
                                                                                                                                        676,
                                                                                                                                      208-224,
                                                                                                                                    682, 181-249,
                                                                                                                                         686

                 Uraian tugas dan tanggung jawab;                                                                                     651-653,
            i.   Description of duties and responsibilities;                                                                        663, 671-674,
                                                                                                                                      679-680,
                                                                                                                                      684-686

                 Pernyataan bahwa telah memiliki pedoman atau piagam (charter) komite;                                                647, 660
            j.   A statement that the committee has had guidelines or charters;

            k.   Kebijakan dan pelaksanaan frekuensi rapat komite dan tingkat kehadiran anggota komite dalam rapat tersebut;   654-655,
                 dan                                                                                                           664-665,
                 Policies and implementation of the frequency of committee meetings and the level of attendance of committee 677, 681-682,
                 members in those meetings; and                                                                                   688

            l.   Uraian singkat pelaksanaan kegiatan komite pada tahun buku;                                                          654-657,
                 A brief description of the committee’s activities for the fiscal year;                                               664, 677
                                                                                                                                    681, 686-688

       9.   Sekretaris perusahaan, paling sedikit memuat:                                                                             689-698
            Corporate Secretary, including, at the minimum:

            a.   Nama;                                                                                                                165, 690
                 Name;

            b.   Domisili;                                                                                                              165
                 Domicile;

            c.   Riwayat jabatan, meliputi:                                                                                             165
                 Position history, including:

                 i.     Dasar hukum penunjukan sebagai sekretaris perusahaan; dan                                                       165
                        Legal basis for appointment as Corporate Secretary; and

                 ii.    Pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Emiten atau Perusahaan Publik;           165
                        Work experience both inside and outside the Issuer or Public Company;

            d.   Riwayat pendidikan;                                                                                                    165
                 Education history;

            e.   Pelatihan dan/atau peningkatan kompetensi yang diikuti dalam tahun buku; dan                                         207-208,
                 Training and/or competence improvement followed during the fiscal year; and                                            696




PT Jasa Marga (Persero) Tbk     Laporan Tahunan 2025 Annual Report                                                                       795
Page 796
01                                 02                         03                       04                                        05
Ikhtisar Kinerja Utama             Laporan Manajemen          Profil Perusahaan         Analisa dan Pembahasan Manajemen          Fungsi Penunjang Bisnis
Main Performace Highlights         Management Report          Company Profile           Management Discussion and Analysis        Business Support Functions




                                                                     Uraian                                                                  Halaman
 No.                                                               Description                                                                Page
             f.    Uraian singkat pelaksanaan tugas sekretaris perusahaan pada tahun buku;                                                    693-696
                   A brief description of the Corporate Secretary activities in the fiscal year;

        10. Unit audit internal, paling sedikit memuat:
            Internal Audit Unit, including, at the minimum:

             a.    Nama kepala unit audit internal;                                                                                           698-709
                   Name of the Internal Audit Unit head;

             b.    Riwayat jabatan, meliputi:                                                                                                    165
                   Position history, including:

                   i.    Dasar hukum penunjukan sebagai kepala unit audit internal; dan                                                          165
                         The legal basis for the appointment as Internal Audit Unit head; and

                   ii.   Pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Emiten atau Perusahaan Publik;                   165
                         Work experience with its period both inside and outside of the Issuer or Public Company;

             c.    Kualifikasi atau sertifikasi sebagai profesi audit internal (jika ada);                                                       704
                   Professional internal audit qualifications or certifications (if any);

             d.    Pelatihan dan/atau peningkatan kompetensi yang diikuti dalam tahun buku;                                                  205, 225,
                   Training and/or competency improvement to be followed during the fiscal year;                                               705

             e.    Struktur dan kedudukan unit audit internal;                                                                                   704
                   Structure and positions within the Internal Audit Unit;

             f.    Uraian tugas dan tanggung jawab;                                                                                           699-701
                   Duties and responsibilities description;

             g.    Pernyataan bahwa telah memiliki pedoman atau piagam (charter) unit audit internal; dan                                     698-699
                   Statement that it has established Internal Audit Unit guidelines or charter; and

             h.    Uraian singkat pelaksanaan tugas unit audit internal pada tahun buku termasuk kebijakan dan pelaksanaan                    706-707
                   frekuensi rapat dengan Direksi, Dewan Komisaris, dan/atau komite audit;
                   A brief description of the implementation of the internal audit unit’s duties for the fiscal year, including the policy
                   and implementation of the frequency of meetings with the Board of Directors, Board of Commissioners, and/
                   or audit committee;

        11. Uraian mengenai sistem pengendalian internal (internal control) yang diterapkan oleh Emiten atau Perusahaan                       751-753
            Publik, paling sedikit memuat:
            Description of the internal control system applied by the Issuer or Public Company, at the minimum, including:

             a.    Pengendalian keuangan dan operasional, serta kepatuhan terhadap peraturan perundang-undangan lainnya;                         751
                   Financial and operational control and compliance with other laws and regulations; and

             b.    Tinjauan atas efektivitas sistem pengendalian internal; dan                                                                   753
                   Review of the internal control system effectiveness;

             c.    Pernyataan Direksi dan/atau Dewan Komisaris atas kecukupan sistem pengendalian internal;                                      753
                   Statement of the Board of Directors and/or Board of Commissioners on the adequacy of the internal control
                   system;

        12. Sistem manajemen risiko yang diterapkan oleh Emiten atau Perusahaan Publik, paling sedikit memuat:                                712-750
            Description of the risk management system applied by the Issuer or Public Company, at the minimum, including:

             a.    Gambaran umum mengenai sistem manajemen risiko Emiten atau Perusahaan Publik;                                              714-715
                   A general description of the Issuer or Public Company risk management system;

             b.    Jenis risiko dan cara pengelolaannya;                                                                                      731-742
                   Risks types and their management; and

             c.    Tinjauan atas efektivitas sistem manajemen risiko Emiten atau Perusahaan Publik; dan                                       742-746
                   Review of the Issuer or Public Company risk management system effectiveness;

             d.    Pernyataan Direksi dan/atau Dewan Komisaris atau komite audit atas kecukupan sistem manajemen risiko;                         750
                   Statement of the Board of Directors and/or Board of Commissioners on the adequacy of the risk management
                   system;

        13. Perkara hukum yang berdampak material yang dihadapi oleh Emiten atau Perusahaan Publik, Entitas anak, anggota                     754-758
            Direksi dan anggota Dewan Komisaris (jika ada), paling sedikit memuat:
            Legal cases that have a material impact faced by Issuers or Public Companies, subsidiaries, members of the Board
            of Directors, and members of the Board of Commissioners (if any), at the minimum, contain:

             a.    Pokok perkara/gugatan;                                                                                                     754-757
                   Case/litigation description;

             b.    Status penyelesaian perkara/gugatan; dan                                                                                   754-757
                   Case/litigation settlement status; and




796                                                                                   Laporan Tahunan 2025 Annual Report     PT Jasa Marga (Persero) Tbk
Page 797
06                               07                                     08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




                                                                  Uraian                                                          Halaman
 No.                                                            Description                                                        Page
            c.   Pengaruhnya terhadap kondisi Emiten atau Perusahaan Publik;                                                      754-757
                 Impact on the Issuer or Public Company condition;

       14. Informasi tentang sanksi administratif/sanksi yang dikenakan kepada Emiten atau Perusahaan Publik, anggota               757
           Dewan Komisaris dan anggota Direksi, oleh Otoritas Jasa Keuangan dan otoritas lainnya pada tahun buku (jika ada);
           Information on administrative sanctions/sanctions imposed on Issuers or Public Companies, members of the Board
           of Commissioners and members of the Board of Directors, by the Financial Services Authority and other authorities
           for the fiscal year (if any)

       15. Informasi mengenai kode etik Emiten atau Perusahaan Publik meliputi:                                                   761-764
           Information regarding the Issuer or Public Company code of ethics, including:

            a.   Pokok-pokok kode etik;                                                                                           761-762
                 Code of ethics content;

            b.   Bentuk sosialisasi kode etik dan upaya penegakannya; dan                                                           763
                 Form of code of ethics socialization and enforcement efforts; and

            c.   Pernyataan bahwa kode etik berlaku bagi anggota Direksi, anggota Dewan Komisaris, dan karyawan Emiten            762-763
                 atau Perusahaan Publik;
                 Statement that the code of ethics applies to members of the Board of Directors, Board of Commissioners, and
                 employees of the Issuer or Public Company

       16. Uraian singkat mengenai kebijakan pemberian kompensasi jangka panjang berbasis kinerja kepada manajemen dan/           401, 754
           atau karyawan yang dimiliki oleh Emiten atau Perusahaan Publik (jika ada), antara lain berupa program kepemilikan
           saham oleh manajemen (management stock ownership program/MSOP) dan/atau program kepemilikan saham oleh
           karyawan (employee stock ownership program/ESOP);
           A brief description of the policy of providing long-term performance-based compensation to management and/or
           employees owned by the Issuer or Public Company (if any), including the management stock ownership program
           (MSOP) and/or employee stock ownership program (ESOP);

            Dalam hal pemberian kompensasi berupa program kepemilikan saham oleh manajemen (management stock                        401
            ownership program/MSOP) dan/atau program kepemilikan saham oleh karyawan (employee stock ownership                      754
            program/ESOP), informasi yang diungkapkan paling sedikit memuat:
            In terms of providing compensation in the form of a management stock ownership program (MSOP) and/or an
            employee stock ownership program (ESOP), the information disclosed must at least contain:

            a.   Jumlah saham dan/atau opsi;                                                                                        402
                 Number of shares and/or options;

            b.   Jangka waktu pelaksanaan;                                                                                          402
                 Implementation period;

            c.   Persyaratan karyawan dan/atau manajemen yang berhak; dan                                                           402
                 Requirements for eligible employees and/or management; and

            d.   Harga pelaksanaan atau penentuan harga pelaksanaan;                                                                402
                 Exercise price or determination of exercise price;

       17. Uraian singkat mengenai kebijakan pengungkapan informasi mengenai:                                                       759
           A brief description of the information disclosure policy regarding:

            a.   Kepemilikan saham anggota Direksi dan anggota Dewan Komisaris paling lambat 3 (tiga) hari kerja setelah          254-255,
                 terjadinya kepemilikan atau setiap perubahan kepemilikan atas saham Perusahaan Terbuka; dan                      561, 586
                 Share ownership of members of the Board of Directors and members of the Board of Commissioners no later
                 than 3 (three) working days after the occurrence of ownership or any change in ownership of shares of a Public
                 Company; and

            b.   Pelaksanaan atas kebijakan dimaksud;                                                                               759
                 Implementation of the said policy;

       18. Uraian mengenai sistem pelaporan pelanggaran (whistleblowing system) di Emiten atau Perusahaan Publik, paling          781-785
           sedikit memuat:
           Description of the whistleblowing system in the Issuer or a Public Company (if any), including:

            a.   Cara penyampaian laporan pelanggaran;                                                                              783
                 Violation report submission;

            b.   Perlindungan bagi pelapor;                                                                                         784
                 Protection for whistle-blowers;

            c.   Penanganan pengaduan;                                                                                              784
                 Complaint handling;

            d.   Pihak yang mengelola pengaduan; dan                                                                              784-785
                 The party managing the complaint;

            e.   Hasil dari penanganan pengaduan, paling sedikit:                                                                   785
                 Complaint handling results, at the minimum:



PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                     797
Page 798
01                                02                       03                    04                                       05
Ikhtisar Kinerja Utama            Laporan Manajemen        Profil Perusahaan      Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report        Company Profile        Management Discussion and Analysis       Business Support Functions




                                                                  Uraian                                                              Halaman
 No.                                                            Description                                                            Page
                   i.    Jumlah pengaduan yang masuk dan diproses dalam tahun buku; dan                                                   785
                         Number of complaints received and processed during the fiscal year; and

                   ii.  Tindak lanjut pengaduan;                                                                                          785
                        Complaint follow up;
                   Dalam hal Emiten atau Perusahaan Publik tidak memiliki sistem pelaporan pelanggaran (whistleblowing system),
                   maka diungkapkan mengenai hal tersebut.
                   If the Issuer or Public Company does not have a whistleblowing system, this matter must be disclosed.

        19. Uraian mengenai kebijakan anti korupsi Emiten atau Perusahaan Publik, paling sedikit memuat:                               765-767
            A description of the anti-corruption policy of the Issuer or Public Company, at the minimum containing:

             a.    Program dan prosedur yang dilakukan dalam mengatasi praktik korupsi, balas jasa (kickbacks), fraud, suap            766-767
                   dan/atau gratifikasi dalam Emiten atau Perusahaan Publik; dan
                   Programs and procedures implemented in overcoming corrupt practices, kickbacks, fraud, bribery, and/or
                   gratuities in Issuers or Public Companies; and

             b.   Pelatihan/sosialisasi anti korupsi kepada karyawan Emiten atau Perusahaan Publik;                                    765-766
                  Anti-corruption training/socialization to employees of Issuers or Public Companies;
             Dalam hal Emiten atau Perusahaan Publik tidak memiliki kebijakan anti korupsi, maka dijelaskan alasan tidak
             dimilikinya kebijakan dimaksud.
             If the Issuer or Public Company does not have an anti-corruption policy, the reasons for not having the said policy
             must be explained.

        20. Penerapan atas pedoman tata kelola Perusahaan Terbuka bagi Emiten yang menerbitkan efek bersifat ekuitas atau              480-486
            Perusahaan Publik, meliputi:
            Implementation of Code of Corporate Governance guidelines by the Issuer that issues equity securities or the Public
            Company, including:

             a.    Pernyataan mengenai rekomendasi yang telah dilaksanakan; dan/atau                                                   480-486
                   Statement regarding recommendations have been implemented; and/or

             b.    Penjelasan atas rekomendasi yang belum dilaksanakan, disertai alasan dan alternatif pelaksanaannya (jika ada).      480-486
                   Description of the recommendations that have not been implemented, the reasons, and the implementation
                   alternatives (if any);
                   Pengungkapan informasi dapat disajikan dalam bentuk tabel.
                   Disclosure of information can be presented in tabular form.

  H.    Tanggung Jawab Sosial dan Lingkungan Emiten atau Perusahaan Publik (Lampiran SEOJK 16/2021)                                    774-777
        Social and Environmental Responsibility of the Issuer or Public Company (SEOJK 16/2021 Attachment)

        Bagian Tanggung jawab Sosial dan Lingkungan Emiten atau Perusahaan Publik disajikan dalam bentuk Laporan                       774-777
        Keberlanjutan (Sustainability Report) yang merupakan bagian tidak terpisahkan dalam Laporan Tahunan ini.
        The Social and Environmental Responsibility section of the Issuer or Public Company is presented in the form of a
        Sustainability Report, which is an integral part of this Annual Report.

   I.   Laporan Keuangan Tahunan yang Telah Diaudit                                                                                   820-1029
        Audited Annual Financial Report

        Laporan keuangan tahunan yang dimuat dalam Laporan Tahunan disusun sesuai dengan standar akuntansi keuangan di                820-1029
        Indonesia dan telah diaudit oleh akuntan publik yang terdaftar di Otoritas Jasa Keuangan. Laporan keuangan tahunan
        dimaksud memuat pernyataan mengenai pertanggungjawaban atas laporan keuangan sebagaimana diatur dalam
        Peraturan Otoritas Jasa Keuangan mengenai tanggung jawab Direksi atas laporan keuangan atau peraturan perundang-
        undangan di sektor pasar modal yang mengatur mengenai laporan berkala perusahaan efek dalam hal Emiten merupakan
        perusahaan efek.
        The annual financial statements contained in the Annual Report are prepared following financial accounting standards
        in Indonesia and have been audited by a public accountant registered with the Financial Services Authority. The said
        annual financial report contains a statement regarding the accountability for financial statements as regulated in the
        Financial Services Authority Regulation regarding the Board of Directors’ responsibility for financial reports or the laws
        and regulations in the capital market sector which regulate the periodic reports of securities companies if the Issuer is
        a securities company.

  J.    Surat Pernyataan Anggota Direksi dan Anggota Dewan Komisaris tentang Tanggung Jawab atas Laporan Tahunan.                       86-87
        Board of Directors and Board of Commissioners’ Statement on Responsibility for The Annual Report

        Surat pernyataan anggota Direksi dan anggota Dewan Komisaris tentang tanggung jawab atas Laporan Tahunan disusun                86-87
        sesuai dengan format Surat Pernyataan Anggota Direksi dan Anggota Dewan Komisaris tentang Tanggung Jawab atas
        Laporan Tahunan
        Board of Directors and Board of Commissioners’ Affidavit on the responsibility for the Annual Report prepared following
        the format of the Board of Directors and Board of Commissioners’ Statement on Responsibility for the Annual Report.




798                                                                             Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 799
06                                07                                   08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan     Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility      Reference of POJK, SEOJK, and ARA Criteria




Referensi Kriteria Annual Report Award (ARA)
Annual Report Award (ARA) Criteria References

Kriteria Annual Report Award (ARA) Tahun                                 Criteria for the 2024 Annual Report Award
2024                                                                     (ARA)

    Nomor                                                      Pertanyaan ARA                                            Halaman
    Number                                                      ARA Question                                              Page
 Annual Report

 A.1.1            Uraian Isi Laporan Tahunan
                  Description of Contents of the Annual Report

 A.1.1.1          Laporan Keuangan Tahunan yang Telah Diaudit                                                            842-1049
                  Audited Annual Financial Report

 A.1.1.2          Surat pernyataan anggota Direksi dan anggota Dewan Komisaris tentang tanggung jawab atas Laporan         86
                  Tahunan
                  Statement letter from members of the Board of Directors and members of the Board of Commissioners
                  regarding responsibility for the Annual Report

 A.1.2            Ikhtisar Data Keuangan Penting                                                                           20
                  Overview of Important Financial Data

 A.1.2.0          Informasi keuangan yang disajikan dalam bentuk perbandingan selama 3 (tiga) tahun buku atau sejak        20
                  memulai usahanya jika Perusahaan tersebut menjalankan kegiatan usahanya kurang dari 3 (tiga) tahun
                  Financial information presented in comparative form for 3 (three) fiscal years or since starting its
                  business if the Company has carried out its business activities for less than 3 (three) years

 A.1.2.1          Rasio laba (rugi) terhadap jumlah asset                                                                   21
                  Profit (loss) to total assets ratio

 A.1.2.2          Rasio laba (rugi) terhadap ekuitas                                                                        21
                  Profit (loss) to equity ratio

 A.1.2.3          Rasio laba (rugi) terhadap pendapatan/penjualan                                                           21
                  Profit (loss) to revenue/sales ratio

 A.1.2.4          Rasio lancar                                                                                              21
                  Current ratio

 A.1.2.5          Rasio liabilitas terhadap ekuitas                                                                         21
                  Liabilities to equity ratio

 A.1.2.6          Rasio liabilitas terhadap jumlah asset                                                                    21
                  Liabilities to total assets ratio

 A.1.2.7          Informasi dan rasio keuangan lainnya yang relevan dengan Perusahaan dan jenis industrinya                 21
                  Other information and financial ratios relevant to the Company and its industry type

 A.1.3            Informasi Saham (Jika Ada)                                                                               25
                  Share Information (If Any)

 A.1.3.1          Saham yang telah diterbitkan untuk setiap masa triwulan yang disajikan dalam bentuk perbandingan          21
                  selama 2 (dua) tahun buku terakhir.
                  Shares issued for each quarter are presented in the form of comparison for the last 2 (two) years.

 A.1.3.1.a        Jumlah saham yang beredar                                                                                 21
                  Total outstanding shares

 A.1.3.1.b        Kapitalisasi pasar berdasarkan harga pada bursa efek tempat saham dicatatkan                              21
                  Market capitalization based on the price on the Stock Exchange where the securities are listed

 A.1.3.1.c        Harga saham tertinggi, terendah, dan penutupan berdasarkan harga pada bursa efek tempat saham             21
                  dicatatkan
                  The highest, lowest, and closing share price based on the Stock Exchange where the securities are
                  listed

 A.1.3.1.d        Volume perdagangan pada bursa efek tempat saham dicatatkan                                                21
                  Volume of trading on the Stock Exchange where the securities are listed




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                 799
Page 800
01                               02                        03                      04                                       05
Ikhtisar Kinerja Utama           Laporan Manajemen         Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report         Company Profile          Management Discussion and Analysis       Business Support Functions




     Nomor                                                    Pertanyaan ARA                                                        Halaman
     Number                                                    ARA Question                                                          Page
 A.1.3.2             Dalam hal terjadi aksi korporasi yang menyebabkan terjadinya perubahan pada saham, seperti                          31
                     pemecahan saham, penggabungan saham, dividen saham, saham bonus, perubahan nilai nominal
                     saham, penerbitan efek konversi, serta penambahan dan pengurangan modal
                     If of a corporate action that causes changes in shares, such as stock splits, reverse stock, stock
                     dividends, bonus shares, changes in the shares’ nominal value, conversion securities issuance, as well
                     as capital additions and deductions

 A.1.3.3             Dalam hal terjadi penghentian sementara perdagangan saham (suspension) dan/atau pembatalan                          31
                     pencatatan saham (delisting) dalam tahun buku, dijelaskan alasan penghentian sementara perdagangan
                     saham (suspension) dan/atau pembatalan pencatatan saham (delisting) tersebut
                     If share trading temporary suspension (suspension) and/or shares delisting during the fiscal year, the
                     shares’ suspension and/or delisting reasons shall be explained

 A.1.3.4             Dalam hal penghentian sementara perdagangan saham (suspension) sebagaimana dimaksud pada                           31
                     angka 3) dan/atau proses pembatalan pencatatan saham (delisting) masih berlangsung hingga akhir
                     periode Laporan Tahunan, dijelaskan tindakan yang dilakukan untuk menyelesaikan penghentian
                     sementara perdagangan saham (suspension) dan/atau pembatalan pencatatan saham (delisting)
                     tersebut
                     If the share trading temporary suspension as referred to in number 3) and/or the delisting process
                     is still ongoing until the end of the Annual Report period, the actions taken to resolve the temporary
                     suspension of share trading and/or cancellation of the share listing (delisting) shall be explained

 A.1.4               Laporan Direksi                                                                                                    68
                     Board of Directors Report

 A.1.4.1             Kinerja Perusahaan                                                                                                 75
                     Company Performance

 A.1.4.1.a           Strategi dan Kebijakan Strategis Perusahaan                                                                         71
                     The strategy and strategic policy of the Company

 A.1.4.1.b           Peranan Direksi dalam perumusan strategi dan kebijakan strategis Perusahaan                                        72
                     Board of Directors’ role in formulating strategies and strategic policies of the Company

 A.1.4.1.c           Proses yang dilakukan Direksi untuk memastikan implementasi strategi                                               73
                     The Process carried out by the Board of Directors to ensure the strategy implementation

 A.1.4.1.d           Perbandingan antara hasil yang dicapai dengan yang ditargetkan Perusahaan                                          74
                     Comparison between the results achieved and those targeted by the Company

 A.1.4.1.e           Kendala yang dihadapi                                                                                              76
                     Constraints faced by the Company

 A.1.4.2             Gambaran tentang prospek usaha Perusahaan                                                                          78
                     Business prospects overview of the Company

 A.1.4.3             Penerapan governansi Perusahaan                                                                                    80
                     Governance implementation of the Company

 A.1.5               Laporan Dewan Komisaris                                                                                            52
                     Board of Commissioners Report

 A.1.5.1             Penilaian terhadap kinerja direksi mengenai pengelolaan Perusahaan, termasuk pengawasan Dewan                      53
                     Komisaris dalam perumusan dan implementasi strategi Perusahaan
                     Board of Directors’ performance evaluation regarding the Company’ management, including the
                     supervision of the Board of Commissioners in the strategies formulation and implementation

 A.1.5.2             Pandangan atas prospek usaha Perusahaan yang disusun oleh Direksi                                                  57
                     View on the business prospects of the Company prepared by the Board of Directors

 A.1.5.3             Pandangan atas penerapan governansi Perusahaan                                                                     58
                     View on the Company’s application of governance

 A.1.6               Profil Perusahaan
                     Profile of the Company

 A.1.6.1             Akses terhadap Perusahaan termasuk kantor cabang atau kantor perwakilan yang memungkinkan                        90-91
                     masyarakat dapat memperoleh informasi mengenai Perusahaan
                     Access to Issuer or Public Company, including any branch offices or representative offices, which
                     allows the public access to information on the Company

 A.1.6.1.a           Alamat                                                                                                              91
                     Address

 A.1.6.1.b           Nomor telepon                                                                                                       91
                     Telephone number




800                                                                               Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 801
06                               07                                   08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan     Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility      Reference of POJK, SEOJK, and ARA Criteria




    Nomor                                                     Pertanyaan ARA                                               Halaman
    Number                                                     ARA Question                                                 Page
 A.1.6.1.c        Alamat surat elektronik                                                                                    91
                  Electronic mail address

 A.1.6.1.d        Alamat situs web                                                                                           91
                  Website address

 A.1.6.2          Riwayat singkat Perusahaan                                                                                92-93
                  Brief history of the Company

 A.1.6.3          Visi dan misi Perusahaan serta budaya perusahaan (corporate culture) atau nilai-nilai perusahaan         106-113
                  Vision and mission of the Company as well as the corporate culture or corporate values

 A.1.6.4          Kegiatan usaha menurut anggaran dasar terakhir, kegiatan usaha yang dijalankan pada tahun buku,            114
                  serta jenis barang dan/atau jasa yang dihasilkan
                  Business activities according to the last articles of association, the business activities carried out
                  during the fiscal year, as well as the type of goods and/or services produced

 A.1.6.5          Wilayah operasional Perusahaan. Wilayah operasional merupakan wilayah atau daerah pelaksanaan             96-97
                  kegiatan operasional atau jangkauan dari kegiatan operasional perusahaan
                  Operational area of the Company. The operational area is the area or area for the implementation of
                  operational activities or the range of the Company’s operating activities

 A.1.6.6          Struktur organisasi Perusahaan dalam bentuk bagan, paling sedikit sampai dengan struktur 1 (satu)        128-129
                  tingkat di bawah Direksi termasuk komite di bawah Direksi (jika ada) dan komite di bawah Dewan
                  Komisaris, disertai dengan nama dan jabatan
                  Organizational structure of the Company in the form of a chart, at the minimum,
                  the structure of 1 (one) level below the Board of Directors including committees under the Board of
                  Directors (if any) and the Board of Commissioners, accompanied by names and positions

 A.1.6.7          Daftar keanggotaan asosiasi industri baik dalam skala nasional maupun internasional yang berkaitan         94
                  dengan penerapan keuangan berkelanjutan
                  List of industry association memberships both on a national and international scale related to the
                  implementation of sustainable finance

 A.1.6.8          Jumlah karyawan menurut jenis kelamin, jabatan, usia, tingkat pendidikan, dan status ketenagakerjaan     176-178
                  (tetap/kontrak) dalam tahun buku; Pengungkapan informasi dapat disajikan dalam bentuk table
                  Number of employees by gender, position, age, education level, and employment status (permanent/
                  contract) in the fiscal year; Disclosure of information can be presented in tabular form.

 A.1.6.9          Informasi penggunaan jasa akuntan publik (AP) dan kantor akuntan publik (KAP) beserta jaringan/          295-296
                  asosiasi/aliansinya meliputi:
                  Information on the use of the services of a public accountant (AP) and a public accounting firm (KAP)
                  and their networks/associations/allies include:

 A.1.6.9.a        Nama dan Alamat                                                                                          295-296
                  Name and Address

 A.1.6.9.b        Periode Penugasan                                                                                        295-296
                  Assignment Period

 A.1.6.9.c        Informasi Jasa Audit yang Diberikan                                                                      295-296
                  Information on Audit and/or Non Audit Services Provided

 A.1.6.9.d        Biaya jasa (fee) audit untuk masing-masing penugasan yang diberikan selama tahun buku                    295-296
                  Audit and/or non-audit fee for each assignment given during the fiscal year

 A.1.6.9.e        Informasi jasa non audit yang diberikan                                                                  295-296
                  Information on non-audit services provided

 A.1.6.9.f        Biaya jasa (fee) non audit untuk masing-masing penugasan yang diberikan selama tahun buku                295-296
                  Audit and/or non-audit fee for each assignment given during the fiscal year

 A.1.6.9.g        Catatan: dalam hal AP dan KAP beserta jaringan/asosiasi/aliansinya, yang ditunjuk tidak memberikan       295-296
                  jasa non audit, maka diungkapkan mengenai informasi tersebut (atas poin A.1.6.9.e & f)
                  Note: If the appointed AP and KAP and their networks/associations/allies, which are appointed do not
                  provide nonaudit services, then the information is disclosed (at point A.1.6.9.e & f)

 A.1.6.10         Nama dan alamat lembaga dan/atau profesi penunjang pasar modal selain AP dan KAP                         295-296
                  Name and address of capital market supporting institutions and/or professions other than AP and KAP

 A.1.7            Profil Direksi                                                                                           139-145
                  Profile of the Board of Directors

 A.1.7.1          Nama dan Jabatan yang sesuai dengan tugas dan tanggung jawab                                             139-145
                  Name and position per duties and responsibilities

 A.1.7.2          Usia                                                                                                     139-145
                  Age




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                   801
Page 802
01                                02                        03                    04                                       05
Ikhtisar Kinerja Utama            Laporan Manajemen         Profil Perusahaan      Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report         Company Profile        Management Discussion and Analysis       Business Support Functions




     Nomor                                                      Pertanyaan ARA                                                     Halaman
     Number                                                      ARA Question                                                       Page
 A.1.7.3             Kewarganegaraan                                                                                                139-145
                     Nationality

 A.1.7.4             Riwayat Pendidikan dan/atau Sertifikasi                                                                        139-145
                     Educational and/or Certification History

 A.1.7.5             Riwayat Jabatan, meliputi informasi:                                                                           139-145
                     Position History, including information on:

 A.1.7.5.a           Dasar hukum pengangkatan sebagai anggota Direksi pada Perusahaan yang bersangkutan                             139-145
                     Legal basis for appointment as a member of the Board of Directors of the Company concerned

 A.1.7.5.b           Rangkap jabatan, baik sebagai anggota Direksi, anggota Dewan Komisaris, dan/atau anggota komite                139-145
                     serta jabatan lainnya baik di dalam maupun di luar Perusahaan.
                     Concurrent positions, either as a member of the Board of Directors, member of the Board of
                     Commissioners, and/or committee member, and other positions inside and outside the Company.

 A.1.7.5.c           Catatan: Dalam hal anggota Direksi tidak memiliki rangkap jabatan, maka diungkapkan mengenai hal               139-145
                     tersebut (atas poin A.1.7.5.b)
                     Note: If a member of the Board of Directors does not have concurrent positions, this will be disclosed
                     (at point A.1.7.5.b)

 A.1.7.5.d           Pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Perusahaan                              139-145
                     Period of work experience both inside and outside the Company

 A.1.7.6             Hubungan afiliasi dengan anggota Direksi lainnya, anggota Dewan Komisaris, pemegang saham utama,               139-145
                     dan pengendali baik langsung maupun tidak langsung sampai kepada pemilik individu, meliputi nama
                     pihak yang terafiliasi.
                     Affiliation with other members of the Board of Directors, members of the Board of Commissioners,
                     major shareholders, and controllers either directly or indirectly to individual owners, including vthe
                     names of affiliated parties.

 A.1.7.7             Catatan: Dalam hal anggota Direksi tidak memiliki hubungan afiliasi, maka Perusahaan mengungkapkan             139-145
                     hal tersebut (atas poin A.1.7.6)
                     Note: If a member of the Board of Directors does not have an affiliate relationship, the Company shall
                     disclose this (at point A.1.7.6)

 A.1.7.8             Perubahan komposisi anggota Direksi dan alasan perubahannya. Dalam hal perubahan komposisi                     130-132
                     anggota Direksi terjadi setelah tahun buku berakhir sampai dengan batas waktu penyampaian Laporan
                     Tahunan, susunan yang dicantumkan dalam Laporan Tahunan adalah susunan anggota Direksi yang
                     terakhir dan sebelumnya
                     Changes in the composition of members of the Board of Directors and reasons for the changes. If
                     a change in the composition of members of the Board of Directors occurs after the fiscal year ends
                     until the deadline for submitting the Annual Report, the composition listed in the Annual Report is the
                     composition of the latest and previous members of the Board of Director

 A.1.7.9             Dalam hal tidak terdapat perubahan komposisi anggota Direksi, maka diungkapkan mengenai hal                       132
                     tersebut (atas poin A.1.7.8).
                     If there is no change in the composition of the members of the Board of Directors, this matter shall be
                     disclosed; (at point A.1.7.8).

 A.1.8               Profil Dewan Komisaris                                                                                         133-138
                     Profile of the Board of Commissioners

 A.1.8.1             Nama dan Jabatan                                                                                               133-138
                     Name and Position

 A.1.8.2             Usia                                                                                                           133-138
                     Age

 A.1.8.3             Kewarganegaraan                                                                                                133-138
                     Nationality

 A.1.8.4             Riwayat Pendidikan dan/atau Sertifikasi                                                                        133-138
                     Educational and/or Certification History

 A.1.8.5             Riwayat Jabatan, meliputi informasi:                                                                           133-138
                     Position history, including information on:

 A.1.8.5.a           Dasar hukum pengangkatan sebagai anggota Dewan Komisaris                                                       133-138
                     Legal basis for appointment as a member of the Board of Commissioners

 A.1.8.5.b           Dasar hukum pengangkatan pertama kali sebagai anggota Dewan Komisaris yang merupakan Komisaris                 133-138
                     Independen pada Perusahaan yang bersangkutan
                     Legal basis for the first appointment as a member of the Board of Commissioners who is an independent
                     commissioner of the Issuer or Public Company concerned




802                                                                              Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 803
06                               07                                     08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




    Nomor                                                     Pertanyaan ARA                                                   Halaman
    Number                                                     ARA Question                                                     Page
 A.1.8.5.c        Rangkap jabatan, baik sebagai anggota Dewan Komisaris, anggota Direksi, dan/atau anggota komite               133-138
                  serta jabatan lainnya baik di dalam maupun di luar Perusahaan
                  Concurrent positions, either as a member of the Board of Commissioners, member of the Board of
                  Directors, and/or committee member, and other positions inside and outside the Company

 A.1.8.5.c1       Catatan: Dalam hal anggota Dewan Komisaris tidak memiliki rangkap jabatan, maka diungkapkan                   133-138
                  mengenai hal tersebut (atas poin A.1.8.5.c1).
                  Note: If a member of the Board of Commissioners does not have concurrent positions, then this is
                  disclosed (at point A.1.8.5.c1)

 A.1.8.5.d        Pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Perusahaan                             133-138
                  Period of work experience both inside and outside the Company

 A.1.8.6.a        Hubungan afiliasi dengan anggota Dewan Komisaris lainnya, pemegang saham utama, dan pengendali                133-138
                  baik langsung maupun tidak langsung sampai kepada pemilik individu, meliputi nama pihak yang
                  terafiliasi
                  Affiliation with other members of the Board of Commissioners, major shareholders, and controllers
                  either directly or indirectly to individual owners, including the names of affiliated parties

 A.1.8.6.b        Dalam hal anggota Dewan Komisaris tidak memiliki hubungan afiliasi, maka Perusahaan mengungkapkan             133-138
                  hal tersebut (atas poin A.1.8.6.a).
                  If the member has no affiliate relationship, the Company shall disclose this matter (at point A.1.8.6.a).

 A.1.8.7          Pernyataan independensi komisaris independen dalam hal komisaris independen telah menjabat lebih              136-138
                  dari 2 (dua) periode
                  Statement of independence of the independent commissioner if the independent commissioner has
                  served more than 2 (two) terms

 A.1.8.8.a        Perubahan komposisi anggota Dewan Komisaris dan alasan perubahannya. Dalam hal perubahan                      130-132
                  komposisi anggota Dewan Komisaris terjadi setelah tahun buku berakhir sampai dengan batas waktu
                  penyampaian Laporan Tahunan, susunan yang dicantumkan dalam Laporan Tahunan adalah susunan
                  anggota Dewan Komisaris yang terakhir dan sebelumnya
                  Changes in the composition of members of the Board of Commissioners and reasons for the changes.
                  If that a change in the composition of the members of the Board of Commissioners occurs after the
                  fiscal year ends until the deadline for submitting the Annual Report, the composition included in the
                  Annual Report is the composition of the latest and previous members of the Board of Commissioners

 A.1.8.8.b        Dalam hal tidak terdapat perubahan komposisi anggota Dewan Komisaris, maka diungkapkan mengenai                 132
                  hal tersebut (atas poin A.1.8.8.a)
                  If there is no change in the composition of the members of the Board of Commissioners, this will be
                  disclosed (at point A.1.8.8.a)

 A.1.9            Informasi Pemegang Saham
                  Shareholder Information

 A.1.9.1          Nama pemegang saham dan persentase kepemilikan pada awal dan akhir tahun buku, yang terdiri dari                245
                  informasi mengenai:
                  Shareholders names and ownership percentage at the beginning and end of the fiscal year, which
                  consists of information regarding:

 A.1.9.1.a        Pemegang saham yang memiliki 5% (lima persen) atau lebih saham Perusahaan                                       245
                  Shareholders who own 5% (five percent) or more shares of the Public Company

 A.1.9.1.b1       Anggota Direksi dan anggota Dewan Komisaris yang memiliki saham Perusahaan                                      247
                  Members of the Board of Directors and members of the Board of Commissioners who own shares in
                  the Company.

 A.1.9.1.b2       Dalam hal seluruh anggota Direksi dan/atau seluruh anggota Dewan Komisaris TIDAK memiliki saham,            245, 133-145
                  maka diungkapkan mengenai hal tersebut (atas poin A.1.9.1.b.1).
                  If all members of the Board of Directors and/or all members of the Board of Commissioners do not own
                  shares, then this matter is disclosed (at point A.1.9.1.b.1);

 A.1.9.1.c        Kelompok pemegang saham masyarakat, yaitu kelompok pemegang saham yang masing-masing                            245
                  memiliki kurang dari 5% (lima persen) saham Emiten atau Perusahaan Publik
                  Community shareholder group, namely the group of shareholders whom each own less than 5% (five
                  percent) of the shares of the Issuer or Public Company

 A.1.9.2.a        Persentase kepemilikan tidak langsung atas saham Perusahaan oleh anggota Direksi dan anggota                    248
                  Dewan Komisaris pada awal dan akhir tahun buku, termasuk informasi mengenai pemegang saham
                  yang terdaftar dalam daftar pemegang saham untuk kepentingan kepemilikan tidak langsung anggota
                  Direksi dan anggota Dewan Komisaris
                  The percentage of indirect ownership of the Company’s shares by members of the Board
                  of Directors and members of the Board of Commissioners at the beginning and end of the fiscal
                  year,including information on shareholders registered in the shareholder register for the benefit of
                  indirect ownership of members of the Board of Directors and the Board of Commissioners




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                        803
Page 804
01                                    02                      03                      04                                       05
Ikhtisar Kinerja Utama                Laporan Manajemen       Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights            Management Report       Company Profile          Management Discussion and Analysis       Business Support Functions




     Nomor                                                       Pertanyaan ARA                                                        Halaman
     Number                                                       ARA Question                                                          Page
 A.1.9.2.b           Dalam hal seluruh anggota Direksi dan/atau seluruh anggota Dewan Komisaris TIDAK memiliki                             248
                     kepemilikan tidak langsung atas saham perusahaan, maka diungkapkan mengenai hal tersebut (atas
                     poin A.1.9.2.a)
                     If all members of the Board of Directors and/or Board of Commissioners do not have indirect ownership
                     of the shares of the Issuer or Public Company, this matter shall be disclosed (at point A.1.9.2.a)

 A.1.9.3             Klasifikasi kepemilikan yang dimiliki perusahaan                                                                   243-244
                     Ownership classifications held by the company

 A.1.9.3.a           Jumlah pemegang saham dan persentase kepemilikan berdasarkan klasifikasi                                           243-244
                     Number of shareholders and percentage of ownership by classification

 A.1.9.4             Informasi mengenai pemegang saham utama dan pengendali Perusahaan, baik langsung maupun tidak                         243
                     langsung, sampai kepada pemilik individu, yang disajikan dalam bentuk skema atau bagan;
                     Information regarding the major and controlling shareholders of the Issuer or Public Company, either
                     directly or indirectly, to the individual owners, presented in the form of schematics or charts;

 A.1.9.5             Apakah perusahaan memiliki pengendalian dan/atau pengendalian bersama atas:
                     Does the company has control and/or joint control over:

 A.1.9.5.a           Nama entitas anak, perusahaan asosiasi, perusahaan ventura bersama dimana Perusahaan memiliki                      249-283
                     pengendalian bersama entitas (jika ada), beserta persentase kepemilikan saham, bidang usaha, total
                     aset, dan status operasi entitas anak, perusahaan asosiasi, perusahaan ventura bersama. Untuk
                     entitas anak, ditambahkan informasi mengenai alamat entitas anak tersebut
                     Name of the subsidiary, associate, joint venture company where the Company has joint control of
                     the entity (if any), along with the percentage of share ownership, line of business, total assets, and
                     operating status of the subsidiary, associated company, joint venture company; For a subsidiary,
                     information about the address of the subsidiary is added.

 A.1.9.6             Apakah perusahaan pernah melakukan aksi korporasi berikut ini:
                     Does the company ever undertake the following corporate actions:

 A.1.9.6.a           Kronologis pencatatan saham, jumlah saham, nilai nominal, dan harga penawaran dari awal pencatatan                    284
                     hingga akhir tahun buku serta nama bursa efek dimana saham Emiten atau Perusahaan Publik
                     dicatatkan, termasuk pemecahan saham (stock split), penggabungan saham (reverse stock), dividen
                     saham, saham bonus, dan perubahan nilai nominal saham, pelaksanaan efek konversi, pelaksanaan
                     penambahan dan pengurangan modal (jika ada)
                     Chronological listing of shares, number of shares, nominal value, and the offer price from the start
                     of recording until the end of the fiscal year and the name of the Stock Exchange where the shares
                     of the Issuer or Public Company are listed, including stock splits, reverse stock, stock dividends,
                     bonus shares, and changes in the nominal value of shares, implementation of conversion effects,
                     implementation of capital additions and subtractions (if any)

 A.1.9.7             Informasi pencatatan efek lainnya selain efek sebagaimana dimaksud sebelumnya, yang belum jatuh                    285-294
                     tempo pada tahun buku paling sedikit memuat nama efek, tahun penerbitan, tingkat suku bunga/imbal
                     hasil, tanggal jatuh tempo, nilai penawaran, dan peringkat efek (jika ada)
                     Other securities listing information other than the securities as referred before, which have
                     not yet matured in the fiscal year, at least contain the name of the securities, year of issue, interest
                     rate/yield, maturity date, offering value, and securities rating (if any);

 A.1.10              Analisa dan Pembahasan Manajemen
                     Management Discussion and Analysis

 A.1.10.1            Tinjauan operasi per segmen usaha sesuai dengan jenis industri Perusahaan                                          310-342
                     Review of operations per operating segment based on the Company’s type of industry

 A.1.10.1.a          Produksi, yang meliputi proses, kapasitas, dan perkembangannya                                                     310-342
                     Production, including the process, capacity, and its development

 A.1.10.1.b          Pendapatan/Penjualan                                                                                               310-342
                     Revenue/Sales

 A.1.10.1.c          Profitabilitas                                                                                                     310-342
                     Profitability

 A.1.10.2            Kinerja keuangan komprehensif yang mencakup perbandingan kinerja keuangan dalam 2 (dua) tahun                      343-379
                     buku terakhir, penjelasan tentang penyebab adanya perubahan dan dampak perubahan tersebut
                     Comprehensive financial performance including a comparison of financial performance in the last 2
                     (two) years, an explanation of the cause of any changes and the impact

 A.1.10.2.a          Aset lancar, aset tidak lancar, dan total asset                                                                    347-359
                     Current assets, non-current assets, and total assets

 A.1.10.2.b          Liabilitas jangka pendek, liabilitas jangka panjang, dan total liabilitas                                          359-367
                     Short-term liabilities, long-term liabilities, and total liabilities




804                                                                                  Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 805
06                                07                                   08
Tata Kelola Perusahaan            Tanggung Jawab Sosial Perusahaan     Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance         Corporate Social Responsibility      Reference of POJK, SEOJK, and ARA Criteria




    Nomor                                                      Pertanyaan ARA                                              Halaman
    Number                                                      ARA Question                                                Page
 A.1.10.2.c       Ekuitas                                                                                                  367-368
                  Equity

 A.1.10.2.d       Pendapatan/penjualan, beban, laba (rugi), penghasilan komprehensif lain, dan total laba (rugi),          369-378
                  komprehensif; dan
                  Revenue/sales, expenses, profit (loss), other comprehensive income, and total comprehensive profit
                  (loss); and

 A.1.10.2.e       Arus Kas                                                                                                 378-379
                  Cash Flow

 A.1.10.3         Kemampuan membayar utang atau kewajiban dengan menyajikan perhitungan rasio yang relevan                 380-382
                  Ability to pay the debt by presenting the relevant ratios

 A.1.10.4         Tingkat kolektibilitas piutang Perusahaan dengan menyajikan perhitungan rasio yang relevan                 382
                  The Company’s accounts receivable collectability level, presented with relevant ratio calculations

 A.1.10.5         Struktur modal (capital structure) dan kebijakan manajemen atas struktur modal disertai dasar            382-383
                  penentuan kebijakan dimaksud
                  Capital structure and management policies on capital structure accompanied by the basis for
                  determining the policy

 A.1.10.6         Bahasan mengenai ikatan yang material untuk investasi barang modal dengan penjelasan                       384
                  Discussion on material commitments for capital investments with explanations

 A.1.10.6.a       Tujuan dari ikatan tersebut                                                                                384
                  Purpose of the commitments

 A.1.10.6.b       Sumber dana yang diharapkan untuk memenuhi ikatan tersebut                                                 384
                  Sources of funds to fulfill the commitments

 A.1.10.6.c       Mata uang yang menjadi denominasi                                                                          384
                  Currency of denomination

 A.1.10.6.d       Langkah yang direncanakan Perubahaan untuk melindungi risiko dari posisi mata uang asing yang              384
                  terkait
                  Planned measures by the Issuer or Public Company to cover the risks of foreign currency positions

 A.1.10.7         Bahasan mengenai investasi barang modal yang yang direalisasikan dalam tahun buku terakhir                 384
                  Discussion regarding capital goods investments realized in the last fiscal year

 A.1.10.7.a       Jenis investasi barang modal                                                                               384
                  Type of capital goods investments

 A.1.10.7.b       Tujuan investasi barang modal                                                                              384
                  Capital goods investment objectives

 A.1.10.7.c       Nilai investasi barang modal yang dikeluarkan                                                              384
                  Value of capital goods investments realized

 A.1.10.8         Prospek usaha dari Perusahaan dikaitkan dengan kondisi industri, ekonomi secara umum dan pasar           388-389
                  internasional disertai data pendukung kuantitatif dari sumber data yang layak dipercaya
                  Business prospects of the Issuer or Public Company based on the condition of the industry, the general
                  economy, and the international markets supporting quantitative data from trusted data sources

 A.1.10.9         Perbandingan antara target/proyeksi pada awal tahun buku dengan hasil yang dicapai (realisasi)           385-386
                  Comparison between the targets/projections at the beginning of the year with the results achieved
                  (realized)

 A.1.10.9.a       Pendapatan/penjualan                                                                                     385-386
                  Revenue/sales

 A.1.10.9.b       Laba (rugi)                                                                                              385-386
                  Profit (loss)

 A.1.10.9.c       Struktur modal (capital structure)                                                                       385-386
                  Capital structure

 A.1.10.9.d       Hal lainnya yang dianggap penting bagi Perusahaan                                                        385-386
                  Other matters considered important to the Company

 A.1.10.10        Target/proyeksi yang ingin dicapai Perusahaan untuk 1 (satu) tahun mendatang                             385-386
                  Targets/projections to be achieved by the Company for one (1) year ahead

 A.1.10.10.a      Pendapatan/penjualan                                                                                     385-386
                  Revenues/sales

 A.1.10.10.b      Laba (rugi)                                                                                              385-386
                  Profit (loss)




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                               805
Page 806
01                                02                          03                      04                                       05
Ikhtisar Kinerja Utama            Laporan Manajemen           Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report           Company Profile          Management Discussion and Analysis       Business Support Functions




     Nomor                                                           Pertanyaan ARA                                                    Halaman
     Number                                                           ARA Question                                                      Page
 A.1.10.10.c         Struktur modal (capital structure)                                                                                 382-383
                     Capital structure

 A.1.10.10.d         Kebijakan dividen                                                                                                  392-393
                     Dividend policy

 A.1.10.10.e         Hal lainnya yang dianggap penting bagi Perusahaan                                                                  392-393
                     Other matters considered important to the Company

 A.1.10.11           Aspek pemasaran atas barang dan/atau jasa Perusahaan, paling sedikit mengenai Strategi pemasaran                      390
                     dan Pangsa pasar
                     Marketing aspects of the Company’s goods and/or services, at least including the marketing strategy
                     and market share

 A.1.10.12           Uraian mengenai dividen selama 2 (dua) tahun buku terakhir                                                         392-393
                     Description of dividends for the last 2 (two) fiscal years

 A.1.10.12.a         Kebijakan dividen, antara lain memuat informasi persentase jumlah dividen yang dibagikan terhadap                  392-393
                     laba bersih
                     Dividend policy, which includes information on the percentage of dividends distributed to net income

 A.1.10.12.b         Tanggal pembayaran dividen kas dan/atau tanggal distribusi dividen non kas                                         392-393
                     Date of payment of cash dividends and/or date of distribution of non-cash dividends

 A.1.10.12.c         Jumlah dividen per saham (kas dan/atau non kas)                                                                    392-393
                     Amount of dividends per share (cash and/or non-cash)

 A.1.10.12.d         Jumlah dividen per tahun yang dibayar                                                                              392-393
                     Amount of dividends paid annually

 A.1.10.12.d1        Catatan: Dalam hal Emiten atau Perusahaan Publik tidak membagikan dividen dalam 2 (dua) tahun                      392-393
                     terakhir, maka diungkapkan mengenai hal tersebut
                     Note: If the Issuer or Public Company does not distribute dividends in the last 2 (two) years, this matter
                     shall be disclosed

 A.1.10.13           Realisasi penggunaan dana hasil penawaran umum, dengan ketentuan:                                                  395-397
                     Realization of the use of proceeds from the public offering, provided that:

 A.1.10.13.a         Dalam hal selama tahun buku, Emiten memiliki kewajiban menyampaikan laporan realisasi penggunaan                   395-397
                     dana, maka diungkapkan realisasi penggunaan dana hasil penawaran umum secara kumulatif sampai
                     dengan akhir tahun buku
                     If, during the fiscal year, the Issuer must submit a report on the realization of the use of funds, then
                     the realization of the cumulative use of the proceeds from the public offering shall be disclosed until
                     the end of the fiscal year

 A.1.10.13.b         Dalam hal terdapat perubahan penggunaan dana sebagaimana diatur dalam Peraturan Otoritas                           395-397
                     Jasa Keuangan mengenai laporan realisasi penggunaan dana hasil penawaran umum, maka Emiten
                     menjelaskan perubahan tersebut
                     If there is a change in the use of funds as regulated in the Financial Services Authority Regulation
                     regarding the report on the realization of the use of the proceeds from the public offering, the Issuer
                     shall explain the change

 A.1.10.14           Informasi material (jika ada), antara lain mengenai investasi, ekspansi, divestasi, penggabungan/                  398-402
                     peleburan usaha, akuisisi, restrukturisasi utang/modal, transaksi material, transaksi afiliasi, dan
                     transaksi benturan kepentingan, yang terjadi pada tahun buku
                     Material information (if any), among others regarding investment, expansion, divestment, business
                     merger/consolidation, acquisition, debt/capital restructuring, material transactions, affiliated
                     transactions, and conflict of interest transactions, which occurred during the fiscal year

 A.1.10.14.          Apakah perusahaan mengalami transaksi berikut ini selama tahun buku?                                               398-402
                     Does the Company experience the following transactions during the fiscal year?

 A.1.10.14.a         Tanggal, nilai, dan objek transaksi                                                                                398-402
                     Date, value, and object of the transaction

 A.1.10.14.b         Nama pihak yang melakukan transaksi                                                                                398-402
                     Name of the party conducting the transaction

 A.1.10.14.c         Sifat hubungan afiliasi (jika ada)                                                                                 398-402
                     Nature of the affiliate relationship (if any)

 A.1.10.14.d         Penjelasan mengenai kewajaran transaksi                                                                            398-402
                     Explanation of the fairness of the transaction

 A.1.10.14.e         Pemenuhan ketentuan terkait                                                                                        398-402
                     Compliance with related provisions




806                                                                                Laporan Tahunan 2025 Annual Report      PT Jasa Marga (Persero) Tbk
Page 807
06                               07                                        08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan          Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility           Reference of POJK, SEOJK, and ARA Criteria




    Nomor                                                     Pertanyaan ARA                                                        Halaman
    Number                                                     ARA Question                                                          Page
 A.1.10.14.f      Dalam hal terdapat hubungan afiliasi, selain mengungkapkan informasi sebagaimana dimaksud dalam
                  huruf a) sampai dengan huruf e), Perusahaan juga mengungkapkan informasi:
                  If there is an affiliate relationship, in addition to disclosing the information as referred to in letter a) to
                  letter e), the Issuer or Public Company also discloses information

 A.1.10.14.f1     Pernyataan Direksi bahwa transaksi afiliasi telah melalui prosedur yang memadai untuk memastikan                    409
                  bahwa transaksi afiliasi dilaksanakan sesuai dengan praktik bisnis yang berlaku umum antara lain
                  dilakukan dengan memenuhi prinsip transaksi yang wajar (arms-length principle)
                  Statement from the Board of Directors that the affiliate transaction has gone through adequate
                  procedures to ensure that the affiliate transaction is carried out following generally accepted business
                  practices, among others, by complying with the arms-length principle

 A.1.10.14.f2     Peran Dewan Komisaris dan komite audit dalam melakukan prosedur yang memadai untuk memastikan                       410
                  bahwa transaksi afiliasi dilaksanakan sesuai dengan praktik bisnis yang berlaku umum antara lain
                  dilakukan dengan memenuhi prinsip transaksi yang wajar (arms-length principle)
                  The role of the Board of Commissioners and the audit committee in carrying out adequate procedures
                  to ensure that affiliated transactions are carried out following generally accepted business practices,
                  among others, by complying with the arms-length principle

 A.1.10.14.g      Untuk transaksi afiliasi atau transaksi material yang merupakan kegiatan usaha yang dijalankan dalam                410
                  rangka menghasilkan pendapatan usaha dan dijalankan secara rutin, berulang, dan/atau berkelanjutan,
                  ditambahkan penjelasan bahwa transaksi afiliasi atau transaksi material tersebut merupakan kegiatan
                  usaha yang dijalankan dalam rangka menghasilkan pendapatan usaha dan dijalankan secara rutin,
                  berulang, dan/atau berkelanjutan
                  For affiliated or material transactions, which are business activities carried out to generate business
                  income and are carried out regularly, repeatedly, and/or continuously, an explanation is added that the
                  affiliated or material transactions are business activities carried out to generate operating income. and
                  run regularly, repeatedly, and/or continuously

 A.1.10.14.h      Catatan: Dalam hal transaksi afiliasi atau transaksi material dimaksud telah diungkapkan dalam laporan            398-402
                  keuangan tahunan, ditambahkan informasi mengenai rujukan pengungkapan dalam laporan keuangan
                  tahunan tersebut (atas point A.1.10.14.g)
                  If the affiliated or material transactions have been disclosed in the annual financial statements,
                  additional information regarding the disclosure reference in the annual financial statements is added
                  (at point A.1.10.14.g)

 A.1.10.14.i      Untuk pengungkapan transaksi afiliasi dan/atau transaksi benturan kepentingan yang merupakan hasil                398-402
                  pelaksanaan transaksi afiliasi dan/atau transaksi benturan kepentingan yang telah disetujui pemegang
                  saham independen, ditambahkan informasi mengenai tanggal pelaksanaan RUPS yang menyetujui
                  transaksi tersebut
                  For the disclosure of affiliated transactions and/or conflict of interest transactions resulting from
                  the implementation of affiliated transactions and/or conflict of interest transactions that have been
                  approved by independent shareholders, additional information regarding the date of the GMS which
                  approved the affiliated transactions and/or conflict of interest transactions is included

 A.1.10.14.j      Catatan: dalam hal tidak terdapat transaksi afiliasi dan/atau transaksi benturan kepentingan, maka                398-402
                  diungkapkan mengenai hal tersebut; (atas point A.1.10.14.i)
                  Note: if there is no affiliated transaction and/or conflict of interest transaction; then this matter shall
                  be disclosed (at point A.1.10.14.i)

 A.1.10.15        Perubahan ketentuan peraturan perundang-undangan yang berpengaruh signifikan terhadap                             412-415
                  Perusahaan dan dampaknya terhadap laporan keuangan (jika ada)
                  Changes in regulations and legislation that significantly impact the Issuer or Public Company and the
                  impact on the financial statements (if any)

 A.1.11           Governansi Perusahaan 1
                  Corporate Governance 1

 A.1.11.1.a       Informasi mengenai keputusan RUPS pada tahun buku dan 1 (satu) tahun sebelum tahun buku                           505-511
                  Information regarding the resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal            521-524
                  year                                                                                                              524-530

 A.1.11.1.a1      Keputusan RUPS pada tahun buku dan 1 (satu) tahun sebelum tahun buku yang direalisasikan pada                     505-511
                  tahun buku                                                                                                        521-524
                  Resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal year are realized in the             524-530
                  fiscal year

 A.1.11.1.a2      Keputusan RUPS pada tahun buku dan 1 (satu) tahun sebelum tahun buku yang belum direalisasikan                    505-511
                  beserta alasan belum direalisasikan                                                                               521-524
                  Resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal year that has not been               524-530
                  realized and the reasons for not realizing them




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                            807
Page 808
01                               02                        03                     04                                       05
Ikhtisar Kinerja Utama           Laporan Manajemen         Profil Perusahaan       Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report         Company Profile         Management Discussion and Analysis       Business Support Functions




     Nomor                                                    Pertanyaan ARA                                                       Halaman
     Number                                                    ARA Question                                                         Page
 A.1.11.1.b          Dalam hal Perusahaan menggunakan pihak independen dalam pelaksanaan RUPS untuk melakukan                          503
                     perhitungan suara, maka diungkapkan mengenai hal tersebut;                                                        518
                     If the Issuer or Public Company uses an independent party in the conduct of the GMS to calculate the
                     votes, then this matter shall be disclosed;

 A.1.11.2            Pengungkapan terkait Direksi                                                                                   559-583
                     Disclosures related to the Board of Directors

 A.1.11.2.a          Tugas dan tanggung jawab masing-masing anggota Direksi                                                         566-573
                     Duties and responsibilities of each member of the Board of Directors

 A.1.11.2.b          Pernyataan bahwa Direksi memiliki pedoman atau piagam (charter) Direksi                                           559
                     Statement that the Board of Directors has guidelines or charter for the Board of Directors

 A.1.11.2.c          Kebijakan dan pelaksanaan frekuensi rapat Direksi, rapat Direksi bersama Dewan Komisaris, dan                    573
                     tingkat kehadiran anggota Direksi dalam rapat tersebut termasuk kehadiran dalam RUPS;                          586-590
                     Policies and implementation of the Board of Directors’ meeting frequency, Board of Directors’ meeting            502
                     with the Board of Commissioners, and the Board of Directors member’s attendance level in the meeting             517
                     including attendance at the GMS;

 A.1.11.2.c1         Kebijakan terkait frekuensi rapat Direksi dan rapat Direksi bersama Dewan Komisaris                              586
                     Policies regarding the frequency of Board of Directors meetings and meetings between the Board of              589-590
                     Directors and the Board of Commissioners

 A.1.11.2.c2         Frekuensi pelaksanaan rapat Direksi dan rapat Direksi bersama Dewan Komisaris                                  586-587
                     Frequency of holding Board of Directors meetings and meetings between the Board of Directors and                 589
                     the Board of Commissioners

 A.1.11.2.c3         Informasi tingkat kehadiran direksi dalam rapat direksi, rapat direksi dekom, RUPS                                502
                     Information on the Board of Directors member’s level of attendance at the meeting of the Board of                 517
                     Directors, the meeting of the Board of Directors with the Board of Commissioners, or the GMS                      589
                                                                                                                                       590

 A.1.11.2.d          Pelatihan dan/atau peningkatan kompetensi anggota Direksi                                                         574
                     Training and/or competency improvement of the Board of Directors members

 A.1.11.2.d1         Kebijakan pelatihan dan/atau peningkatan kompetensi anggota Direksi, termasuk program orientasi                   574
                     bagi anggota Direksi yang baru diangkat (jika ada)
                     Training and/or improving the competence of members of the Board of Directors policy, including an
                     orientation program for newly appointed members of the Board of Directors (if any)

 A.1.11.2.d2         Pelatihan dan/atau peningkatan kompetensi yang diikuti anggota Direksi dalam tahun buku (jika ada)             181-185
                     Training and/or competency improvement attended by members of the Board of Directors in the fiscal               574
                     year (if any)

 A.1.11.2.e          Penilaian Direksi terhadap kinerja komite yang mendukung pelaksanaan tugas Direksi pada tahun buku             578-579
                     Assessment by the Board of Directors on the performance of committees supporting the implementation
                     of the Board of Directors’ duties for the fiscal year

 A.1.11.2.e1         Prosedur penilaian kinerja                                                                                        579
                     Performance assessment procedures

 A.1.11.2.e2         Kriteria yang digunakan seperti capaian kinerja selama tahun buku, kompetensi dan kehadiran dalam                 579
                     rapat
                     Criteria used, such as performance achievements during the fiscal year, competence and
                     attendance at meetings

 A.1.11.2.f          Catatan: Dalam hal Perusahaan tidak memiliki komite yang mendukung pelaksanaan tugas Direksi,                  578-579
                     maka diungkapkan mengenai hal tersebut (atas point A.1.11.2.e1 & e2)
                     Note: If the Issuer or Public Company does not have a committee that supports the implementation of
                     the duties of the Board of Directors, this matter shall be disclosed (at point A.1.11.2.e1 & e2)

 A.1.11.3            Pengungkapan terkait Dewan Komisaris                                                                           531-558
                     Disclosures related to the Board of Commissioners

 A.1.11.3.a          Tugas dan tanggung jawab Dewan Komisaris                                                                       536-548
                     Duties and responsibilities of the Board of Commissioners

 A.1.11.3.b          Pernyataan bahwa Dewan Komisaris memiliki pedoman atau piagam (charter) Dewan Komisaris                           531
                     Statement that the Board of Commissioners has guidelines or charter for the Board of
                     Commissioners

 A.1.11.3.c          Kebijakan dan pelaksanaan frekuensi rapat Dewan Komisaris, rapat Dewan Komisaris bersama Direksi                 502
                     dan tingkat kehadiran anggota Dewan Komisaris dalam rapat tersebut termasuk kehadiran dalam                      517
                     RUPS;                                                                                                          584-585
                     Policies and implementation of the Board of Commissioners meeting frequency, meetings of the Board             589-590
                     of Commissioners with the Board of Directors and the level of attendance of members of the Board of
                     Commissioners in such meetings including attendance at the GMS;



808                                                                              Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 809
06                               07                                   08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan     Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility      Reference of POJK, SEOJK, and ARA Criteria




    Nomor                                                     Pertanyaan ARA                                              Halaman
    Number                                                     ARA Question                                                Page
 A.1.11.3.d       Pelatihan dan/atau peningkatan kompetensi anggota Dewan Komisaris                                       179-180
                  Training and/or competency improvement of members of the Board of Commissioners                           549

 A.1.11.3.d1      Kebijakan pelatihan dan/atau peningkatan kompetensi anggota Dewan Komisaris, termasuk program             549
                  orientasi bagi anggota Dewan Komisaris yang baru diangkat
                  Policy on training and/or improving the Board of Commissioners members’ competence,
                  including orientation programs for newly appointed members of the Board of Commissioners

 A.1.11.3.d2      Pelatihan dan/atau peningkatan kompetensi yang diikuti anggota Dewan Komisaris dalam tahun buku         179-180
                  (jika ada)                                                                                                549
                  Training and/or competency improvement attended by members of the Board of Commissioners in the
                  fiscal year (if any)

 A.1.11.3.e       Penilaian kinerja Direksi dan Dewan Komisaris serta masing-masing anggota Direksi dan anggota             554,
                  Dewan Komisaris                                                                                         581-582
                  Performance assessment of the Board of Directors and the Board of Commissioners as well as each         582-583
                  member of the Board of Directors and the Board of Commissioners

 A.1.11.3.e1      Prosedur pelaksanaan penilaian kinerja                                                                    581
                  Procedures for implementing performance assessment                                                        583

 A.1.11.3.e2      Kriteria yang digunakan seperti capaian kinerja selama tahun buku, kompetensi dan kehadiran dalam       581-582
                  rapat                                                                                                     583
                  Criteria used such as performance achievements during the fiscal year, competence and
                  attendance at meetings

 A.1.11.3.e3      Pihak yang melakukan penilaian                                                                            581
                  Parties conducting the assessment                                                                         583

 A.1.11.3.f       Penilaian Dewan komisaris terhadap kinerja Komite Dewan Komisaris terhadap kinerja komite yang            554
                  mendukung pelaksanaan tugas Dewan Komisaris pada tahun buku, meliputi:
                  The Board of Commissioners’ assessment of the performance of committees supporting the
                  implementation of the duties of the Board of Commissioners in the fiscal year, include:

 A.1.11.3.f1      Prosedur penilaian kinerja                                                                                554
                  Performance assessment procedures

 A.1.11.3.f2      Kriteria yang digunakan seperti capaian kinerja selama tahun buku, kompetensi dan kehadiran dalam         54
                  rapat
                  Criteria used such as performance achievements during the fiscal year, competence, and attendance
                  at meetings

 A.1.11.4         Pengungkapan terkait Nominasi dan remunerasi Direksi dan Dewan Komisaris                                591-595
                  Disclosures related to nomination and remuneration of the Board of Directors and Board of
                  Commissioners

 A.1.11.4.a       Prosedur nominasi, meliputi uraian singkat mengenai kebijakan dan proses nominasi anggota Direksi         591
                  dan/atau anggota Dewan Komisaris
                  Nomination procedure, including a brief description of the policies and members nomination process
                  of the Board of Directors and/or the Board of Commissioners

 A.1.11.4.b       Prosedur dan pelaksanaan remunerasi Direksi dan Dewan Komisaris, antara lain:                           591-595
                  Procedures and implementation of remuneration for the Board of Directors and the Board of
                  Commissioners, among others:

 A.1.11.4.b1      Prosedur penetapan remunerasi Direksi dan Dewan Komisaris                                               591-592
                  Procedures for determining remuneration for the Board of Directors and the Board of Commissioners;

 A.1.11.4.b2      Struktur remunerasi Direksi dan Dewan Komisaris seperti, gaji, tunjangan, tantiem/bonus dan lainnya     592-593
                  Remuneration structure of the Board of Directors and the Board of Commissioners such as salary,
                  allowances, tantiem/bonus, and others

 A.1.11.4.b3      Besarnya remunerasi masing-masing anggota Direksi dan anggota Dewan Komisaris                           594-595
                  The amount of remuneration for each member of the Board of Directors and member of the Board of
                  Commissioners;

 A.1.11.5         Pengungkapan terkait Dewan Pengawas Syariah, bagi Perusahaan yang menjalankan kegiatan usaha               -
                  berdasarkan prinsip syariah sebagaimana tertuang dalam anggaran dasar
                  Disclosures related to the Sharia Supervisory Board, for companies that carry out business activities
                  based on sharia principles as stated in the articles of association

 A.1.11.5.a       Nama                                                                                                       -
                  Name

 A.1.11.5.b       Dasar hukum pengangkatan Dewan Pengawas Syariah                                                            -
                  Legal basis for the appointment of the Sharia Supervisory Board




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                 809
Page 810
01                               02                        03                       04                                       05
Ikhtisar Kinerja Utama           Laporan Manajemen         Profil Perusahaan         Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report         Company Profile           Management Discussion and Analysis       Business Support Functions




     Nomor                                                    Pertanyaan ARA                                                         Halaman
     Number                                                    ARA Question                                                           Page
 A.1.11.5.c          Periode penugasan Dewan Pengawas Syariah                                                                             -
                     Period of assignment of the Sharia Supervisory Board

 A.1.11.5.d          Tugas dan tanggung jawab Dewan Pengawas Syariah                                                                      -
                     Duties and responsibilities of the Shariah Supervisory Board

 A.1.11.5.e          Frekuensi dan cara pemberian nasihat dan saran serta pengawasan pemenuhan prinsip syariah di                         -
                     pasar modal terhadap Perusahaan
                     Frequency and mode of administration advice and suggestions as well as monitoring compliance with
                     Sharia Principles in the capital market of the Company

 A.1.12              Governansi Perusahaan 2
                     Corporate Governance 2

 A.1.11.6            Pengungkapan terkait Komite Audit                                                                                606-624
                     Disclosures related to the Audit Committee

 A.1.11.6.a          Nama dan jabatannya dalam keanggotaan komite                                                                      46-148
                     Name and position of the committee members                                                                         609

 A.1.11.6.b          Usia                                                                                                             146-148
                     Age

 A.1.11.6.c          Kewarganegaraan                                                                                                  146-148
                     Nationality

 A.1.11.6.d          Riwayat Pendidikan                                                                                               146-148
                     Education History

 A.1.11.6.e          Riwayat jabatan                                                                                                  146-148
                     Position history

 A.1.11.6.e1         Dasar hukum penunjukan sebagai anggota komite                                                                    146-148
                     Legal basis for appointment as a committee member

 A.1.11.6.e2         Rangkap jabatan, baik sebagai anggota Dewan Komisaris, anggota Direksi, dan/atau anggota komite                  146-148
                     serta jabatan lainnya (jika ada)
                     Concurrent positions as members of the Board of Commissioners, members of the Board of Directors
                     and/or members of committees as well as other positions (if any)

 A.1.11.6.e3         Catatan: Dalam hal tidak ada rangkap jabatan, maka diungkapkan mengenai hal tersebut (atas point                 146-148
                     A.1.11.6.e2)
                     Note: If there are no concurrent positions, this will be disclosed (at point A.1.11.6.e2)

 A.1.11.6.e4         Pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Perusahaan                                146-148
                     Work experience both inside and outside the Issuer or Public Company

 A.1.11.6.f          Periode dan masa jabatan anggota komite audit                                                                    146-148
                     Period and tenure of Audit Committee members

 A.1.11.6.g          Pernyataan independensi komite audit                                                                             609-610
                     Statement of Audit Committee independence

 A.1.11.6.h          Pelatihan dan/atau peningkatan kompetensi yang telah diikuti dalam tahun buku (jika ada)                         185-186
                     Training and/or competency improvement that has been followed in the fiscal year (if any)                          613

 A.1.11.6.i          Kebijakan dan pelaksanaan frekuensi rapat komite audit dan tingkat kehadiran anggota komite audit                613-614
                     dalam rapat tersebut
                     Policy and implementation of Audit Committee meeting frequency and level of attendance of Audit
                     Committee members at the meetings

 A.1.11.6.j          Pelaksanaan kegiatan komite audit pada tahun buku                                                                613-618
                     Implementation of Audit Committee activities in the fiscal year

 A.1.11.7a           Pengungkapan terkait Komite atau fungsi nominasi dan remunerasi Perusahaan                                       625-638
                     Disclosures related to the Committee or the Company's nomination and remuneration functions

 A.1.11.7a.a         Nama dan jabatannya dalam keanggotaan komite                                                                     149-151
                     Name and position of the committee members                                                                         628

 A.1.11.7a.b         Usia                                                                                                             149-151
                     Age

 A.1.11.7a.c         Kewarganegaraan                                                                                                  149-151
                     Nationality




810                                                                                 Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 811
06                               07                                      08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan        Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility         Reference of POJK, SEOJK, and ARA Criteria




    Nomor                                                      Pertanyaan ARA                                            Halaman
    Number                                                      ARA Question                                              Page
 A.1.11.7a.d      Riwayat Pendidikan                                                                                     149-151
                  Education history

 A.1.11.7a.e      Riwayat jabatan                                                                                        149-151
                  Position history

 A.1.11.7a.e1     Dasar hukum penunjukan sebagai anggota komite                                                          149-151
                  Legal basis for appointment as a committee member

 A.1.11.7a.e2     Rangkap jabatan, baik sebagai anggota Dewan Komisaris, anggota Direksi, dan/atau anggota komite        149-151
                  serta jabatan lainnya (jika ada)
                  Concurrent positions as members of the Board of Commissioners, members of the Board of Directors
                  and/or members of committees as well as other positions (if any);

 A.1.11.7a.e3     Catatan: Dalam hal tidak ada rangkap jabatan, maka diungkapkan mengenai hal tersebut; (A.1.11.7a.e2)   149-151
                  Note: If there are no concurrent positions, this will be disclosed; (A.1.11.7a.e2)

 A.1.11.7a.e4     Pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Perusahaan                      149-151
                  Work experience and period both inside and outside the Company

 A.1.11.7a.f      Periode dan masa jabatan anggota komite                                                                149-151
                  Period and term of office of the committee members                                                       627

 A.1.11.7a.g      Pernyataan independensi komite                                                                         628-629
                  Statement of committee independence

 A.1.11.7a.h      Pelatihan dan/atau peningkatan kompetensi yang telah diikuti dalam tahun buku (jika ada)                 187
                  Training and/or competency improvement that has been followed in the fiscal year (if any);               632

 A.1.11.7a.i      Uraian tugas dan tanggung jawab                                                                        630-631
                  Description of duties and responsibilities

 A.1.11.7a.j      Pernyataan bahwa telah memiliki pedoman atau piagam (charter)                                            626
                  Statement that the committee has had guidelines or charters

 A.1.11.7a.k      Kebijakan dan pelaksanaan frekuensi rapat dan tingkat kehadiran anggota dalam rapat tersebut           633-635
                  Policies and implementation of the frequency of committee meetings and the level of attendance of
                  committee members in those meetings

 A.1.11.7a.l      Uraian singkat pelaksanaan kegiatan pada tahun buku                                                    632-633
                  Brief description of the committee’s activities for the fiscal year

 A.1.11.7a.m      Catatan: Dalam hal tidak dibentuk komite:                                                                 -
                  Note: If no nomination and remuneration committee is formed

 A.1.11.7a.m1     Alasan tidak dibentuknya komite                                                                           -
                  Reasons for not forming the committee

 A.1.11.7a.m2     Pihak yang melaksanakan fungsi nominasi dan remunerasi                                                   625
                  Parties carrying out the nomination and remuneration function

 A.1.11.7b        Pengungkapan terkait Komite atau fungsi nominasi dan remunerasi Perusahaan                             625-638
                  Disclosures related to the Committee or the Company's nomination and remuneration functions

 A.1.11.7b.a      Nama dan jabatannya dalam keanggotaan komite                                                           149-151
                  Name and position of the committee members                                                               628

 A.1.11.7b.b      Usia                                                                                                   149-151
                  Age

 A.1.11.7b.c      Kewarganegaraan                                                                                        149-151
                  Nationality

 A.1.11.7b.d      Riwayat Pendidikan                                                                                     149-151
                  Education history

 A.1.11.7b.e      Riwayat jabatan                                                                                        149-151
                  Position history

 A.1.11.7b.e1     Dasar hukum penunjukan sebagai anggota komite                                                          149-151
                  Legal basis for appointment as a committee member

 A.1.11.7b.e2     Rangkap jabatan, baik sebagai anggota Dewan Komisaris, anggota Direksi, dan/atau anggota komite        149-151
                  serta jabatan lainnya (jika ada)
                  Concurrent positions as members of the Board of Commissioners, members of the Board of
                  Directors and/or members of committees as well as other positions (if any)

 A.1.11.7b.e3     Catatan: Dalam hal tidak ada rangkap jabatan, maka diungkapkan mengenai hal tersebut; (A.1.11.7a.e2)   149-151
                  Note: If there are no concurrent positions, this will be disclosed; (A.1.11.7a.e2)

 A.1.11.7b.e4     Pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Perusahaan                      149-151
                  Work experience both inside and outside the Public Company



PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                 811
Page 812
01                                02                         03                      04                                       05
Ikhtisar Kinerja Utama            Laporan Manajemen          Profil Perusahaan        Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report          Company Profile          Management Discussion and Analysis       Business Support Functions




     Nomor                                                        Pertanyaan ARA                                                      Halaman
     Number                                                        ARA Question                                                        Page
 A.1.11.7b.f         Periode dan masa jabatan anggota komite                                                                           149-151
                     Period and tenure of committee members                                                                              627

 A.1.11.7b.g         Pernyataan independensi komite                                                                                    628-629
                     Statement of committee independence

 A.1.11.7b.h         Pelatihan dan/atau peningkatan kompetensi yang telah diikuti dalam tahun buku (jika ada)                             187
                     Training and/or competency improvement that has been followed in the financial year (if any)                         632

 A.1.11.7b.i         Uraian tugas dan tanggung jawab                                                                                   630-631
                     Description of duties and responsibilities

 A.1.11.7b.j         Pernyataan bahwa telah memiliki pedoman atau piagam (charter)                                                        626
                     Statement that it has established committee guidelines or charter

 A.1.11.7b.k         Kebijakan dan pelaksanaan frekuensi rapat dan tingkat kehadiran anggota dalam rapat tersebut                      633-635
                     Policy and implementation of committee meeting frequency and level of attendance of committee
                     members at the meetings

 A.1.11.7b.l         Uraian singkat pelaksanaan kegiatan pada tahun buku                                                               632-633
                     Brief description of the committee’s activities in the fiscal year

 A.1.13              Governansi Perusahaan 3
                     Corporate Governance 3

 A.1.11.8a           Pengungkapan terkait Komite Manajemen Risiko                                                                      638-651
                     Disclosures related to the Risk Management Committee

 A.1.11.8a.a         Nama dan jabatannya dalam keanggotaan komite                                                                      152-154
                     Name and position in committee membership                                                                           641

 A.1.11.8a.b         Usia                                                                                                              152-154
                     Age

 A.1.11.8a.c         Kewarganegaraan                                                                                                   152-154
                     Nationality

 A.1.11.8a.d         Riwayat Pendidikan                                                                                                152-154
                     Educational history

 A.1.11.8a.e         Riwayat jabatan                                                                                                   152-154
                     Position history

 A.1.11.8a.e1        Dasar hukum penunjukan sebagai anggota komite                                                                     152-154
                     Legal basis for appointment as a committee member

 A.1.11.8a.e2        Rangkap jabatan, baik sebagai anggota Dewan Komisaris, anggota Direksi, dan/atau anggota komite                   152-154
                     serta jabatan lainnya (jika ada)
                     Concurrent positions, either as a member of the Board of Commissioners, member of the Board of
                     Directors, and/or committee member and other positions (if any)

 A.1.11.8a.e3        Catatan: Dalam hal tidak ada rangkap jabatan, maka diungkapkan mengenai hal tersebut (atas point                  152-154
                     A.1.11.8a.e2)
                     Note: If there is no concurrent positions, this will be disclosed (at point A.1.11.8a.e2)

 A.1.11.8a.e4        Pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Perusahaan                                 152-154
                     Work experience and period both inside and outside the Company

 A.1.11.8a.f         Periode dan masa jabatan anggota komite manajemen risiko                                                          152-154
                     Period and term of office of the risk management committee members                                                  640

 A.1.11.8a.g         Pernyataan independensi komite                                                                                    641-643
                     Statement of committee independence

 A.1.11.8a.h         Pelatihan dan/atau peningkatan kompetensi yang telah diikuti dalam tahun buku (jika ada)                             187
                     Training and/or competency improvement that has been followed in the fiscal year (if any)                            645

 A.1.11.8a.i         Uraian tugas dan tanggung jawab                                                                                   643-645
                     Description of duties and responsibilities

 A.1.11.8a.j         Pernyataan bahwa telah memiliki pedoman atau piagam (charter)                                                     639-640
                     Statement that it has guidelines or charter

 A.1.11.8a.k         Kebijakan dan pelaksanaan frekuensi rapat dan tingkat kehadiran anggota dalam rapat tersebut                      646-647
                     Policies and implementation of the frequency of committee meetings and the level of attendance of
                     committee members in those meetings

 A.1.11.8a.l         Uraian singkat pelaksanaan kegiatan pada tahun buku                                                               646-649
                     Brief description of the committee’s activities for the fiscal year




812                                                                                 Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 813
06                               07                                    08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




    Nomor                                                      Pertanyaan ARA                                            Halaman
    Number                                                      ARA Question                                              Page
 A.1.11.8b        Pengungkapan terkait Komite lain yang dimiliki Perusahaan dalam rangka mendukung fungsi dan tugas      651-658
                  Direksi (jika ada) dan/atau komite yang mendukung fungsi dan tugas Dewan Komisaris:                    663-671
                  Disclosure regarding other committees owned by the Company to support the functions and duties of      671-675
                  the Board of Directors (if any) and/or committees that support the functions and duties of the Board   676-682
                  of Commissioners:

 A.1.11.8b.       Apakah perusahaan memiliki komite lain dalam mendukung fungsi dan tugas Direksi dan/atau Dewan           Ya
                  Komisaris?                                                                                             651-658
                  Does the company have other committees to support the functions and duties of the Board of Directors   663-671
                  and/or Board of Commissioners?                                                                         671-675
                                                                                                                         676-682

 A.1.11.8b.a      Nama dan jabatannya dalam keanggotaan komite                                                           155-163
                  Name and position of the committee members                                                             653-654
                                                                                                                         139-145
                                                                                                                         165-175
                                                                                                                         667-669
                                                                                                                         139-145
                                                                                                                         165-175
                                                                                                                         673-674
                                                                                                                         139-145
                                                                                                                         165-175
                                                                                                                           679

 A.1.11.8b.b      Usia                                                                                                   155-163
                  Age

 A.1.11.8b.c      Kewarganegaraan                                                                                        155-163
                  Nationality

 A.1.11.8b.d      Riwayat Pendidikan                                                                                     155-163
                  Education history

 A.1.11.8b.e      Riwayat jabatan                                                                                        155-163
                  Position history

 A.1.11.8b.e1     Dasar hukum penunjukan sebagai anggota komite                                                          155-163
                  Legal basis for appointment as a committee member

 A.1.11.8b.e2     Rangkap jabatan, baik sebagai anggota Dewan Komisaris, anggota Direksi, dan/atau anggota komite        155-163
                  serta jabatan lainnya (jika ada)
                  Concurrent positions as members of the Board of Commissioners, members of the Board of
                  Directors and/or members of committees as well as other positions (if any)

 A.1.11.8b.e3     Catatan: Dalam hal tidak ada rangkap jabatan, maka diungkapkan mengenai hal tersebut                   155-163
                  Note: If there are no concurrent positions, this will be disclosed

 A.1.11.8b.e4     Pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Perusahaan                      155-163
                  Work experience both inside and outside the Issuer or Public Company

 A.1.11.8b.f      Periode dan masa jabatan anggota komite lain                                                             652
                  Period and tenure of other Committee members                                                           667-668
                                                                                                                         673-674
                                                                                                                           679

 A.1.11.8b.g      Pernyataan independensi komite                                                                         654-655
                  Statement of Committee independence                                                                      670
                                                                                                                           675
                                                                                                                           679

 A.1.11.8b.h      Pelatihan dan/atau peningkatan kompetensi yang telah diikuti dalam tahun buku (jika ada)               188-199
                  Training and/or competency improvement that has been followed in the fiscal year (if any)                656
                                                                                                                         201-208
                                                                                                                           669
                                                                                                                         208-224
                                                                                                                           675
                                                                                                                         181-242
                                                                                                                           679

 A.1.11.8b.i      Uraian tugas dan tanggung jawab                                                                          655
                  Description of duties and responsibilities                                                             664-667
                                                                                                                         672-673
                                                                                                                         677-679




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                              813
Page 814
01                                02                           03                     04                                       05
Ikhtisar Kinerja Utama            Laporan Manajemen            Profil Perusahaan       Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights        Management Report            Company Profile         Management Discussion and Analysis       Business Support Functions




     Nomor                                                        Pertanyaan ARA                                                       Halaman
     Number                                                        ARA Question                                                         Page
 A.1.11.8b.j         Pernyataan bahwa telah memiliki pedoman atau piagam (charter)                                                         652
                     Statement that it has established committee guidelines or charter

 A.1.11.8b.k         Kebijakan dan pelaksanaan frekuensi rapat dan tingkat kehadiran anggota dalam rapat tersebut                       656-657
                     Policy and implementation of committee meeting frequency and level of attendance of committee                        670
                     members at the meetings                                                                                            674-675
                                                                                                                                          681

 A.1.11.8b.l         Uraian singkat pelaksanaan kegiatan pada tahun buku                                                                  656
                     Brief description of the committee’s activities in the fiscal year                                                   670
                                                                                                                                          674
                                                                                                                                        679-681

 A.1.11.9            Pengungkapan terkait Sekretaris perusahaan                                                                         682-692
                     Disclosures regarding the company secretary

 A.1.11.9.a          Nama                                                                                                                  165
                     Name                                                                                                                  683

 A.1.11.9.b          Domisili                                                                                                              165
                     Domicile

 A.1.11.9.c          Riwayat jabatan                                                                                                       165
                     Position history

 A.1.11.9.c1         Dasar hukum penunjukan sebagai Sekretaris Perusahaan                                                                  165
                     Legal basis for appointment as Corporate Secretary

 A.1.11.9.c2         Pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Perusahaan                                     165
                     Work experience both inside and outside the Public Company

 A.1.11.9.d          Riwayat Pendidikan                                                                                                    165
                     Education history

 A.1.11.9.e          Pelatihan dan/atau peningkatan kompetensi yang diikuti dalam tahun buku                                            200-201
                     Training and/or competence improvement followed during the fiscal year                                               689

 A.1.11.9.f          Uraian singkat pelaksanaan tugas sekretaris perusahaan pada tahun buku                                             687-689
                     Brief description of the Corporate Secretary activities in the fiscal year

 A.1.14              Governansi Perusahaan 4
                     Corporate Governance 4

 A.1.11.10           Pengungkapan terkait Unit Audit Internal, paling sedikit memuat                                                    692-703
                     Disclosures related to the Internal Audit Unit contain at least

 A.1.11.10.a         Nama kepala unit audit internal                                                                                       165
                     Name of the Internal Audit Unit head                                                                                  693

 A.1.11.10.b         Riwayat jabatan                                                                                                       165
                     Position history

 A.1.11.10.b1a       Dasar hukum penunjukan sebagai kepala Unit Audit Internal                                                             165
                     Legal basis for the appointment as Internal Audit Unit head

 A.1.11.10.b1        Pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Perusahaan                                     165
                     Work experience with its period both inside and outside of the Company

 A.1.11.10.c         Kualifikasi atau sertifikasi sebagai profesi audit internal (jika ada)                                             699-700
                     Professional internal audit qualifications or certifications (if any)

 A.1.11.10.d         Pelatihan dan/atau peningkatan kompetensi yang diikuti dalam tahun buku                                            204-206
                     Training and/or competency improvement to be followed during the fiscal year                                       225-242
                                                                                                                                          700

 A.1.11.10.e         Struktur dan kedudukan Unit Audit Internal                                                                            698
                     Structure and positions within the Internal Audit Unit

 A.1.11.10.f         Uraian tugas dan tanggung jawab                                                                                    693-696
                     Duties and responsibilities description

 A.1.11.10.g         Pernyataan bahwa telah memiliki pedoman atau piagam (charter) Unit Audit Internal                                  692-693
                     Statement that it has established Internal Audit Unit guidelines or charter

 A.1.11.10.h         Uraian singkat pelaksanaan tugas unit audit internal pada tahun buku termasuk kebijakan dan                        700-702
                     pelaksanaan frekuensi rapat dengan Direksi, Dewan Komisaris, dan/atau komite audit;
                     Brief description of the implementation of the internal audit unit’s duties for the fiscal year, including
                     the policy and implementation of the frequency of meetings with the Board of Directors, Board of
                     Commissioners, and/or audit committee;




814                                                                                   Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 815
06                               07                                    08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan      Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility       Reference of POJK, SEOJK, and ARA Criteria




    Nomor                                                     Pertanyaan ARA                                                Halaman
    Number                                                     ARA Question                                                  Page
 A.1.11.11        Uraian mengenai sistem pengendalian internal (internal control) yang diterapkan oleh Perusahaan           732-734
                  Description of the internal control system applied by the Company

 A.1.11.11.a      Pengendalian keuangan dan operasional, serta kepatuhan terhadap peraturan perundang-undangan                733
                  lainnya
                  Financial and operational control, and compliance with other laws and regulations

 A.1.11.11.b      Tinjauan atas efektivitas sistem pengendalian internal                                                      734
                  Review of the internal control system effectiveness

 A.1.11.11.c      Pernyataan Direksi dan/atau Dewan Komisaris atas kecukupan sistem pengendalian internal                     734
                  Statement of the Board of Directors and/or Board of Commissioners on the adequacy of the
                  internal control system

 A.1.11.12        Uraian mengenai sistem manajemen risiko yang diterapkan oleh Perusahaan                                   706-731
                  Description of the risk management system implemented by the Company

 A.1.11.12.a      Gambaran umum mengenai sistem manajemen risiko Perusahaan                                                 708-709
                  General description of the Company risk management system

 A.1.11.12.b      Jenis risiko dan cara pengelolaannya                                                                      718-727
                  Risks types and their management

 A.1.11.12.c      Tinjauan atas efektivitas sistem manajemen risiko Perusahaan                                              727-728
                  Review of the Company risk management system effectiveness

 A.1.11.12.d      Pernyataan Direksi dan/atau Dewan Komisaris atau komite audit atas kecukupan sistem manajemen               731
                  risiko
                  Statement of the Board of Directors and/or Board of Commissioners on the adequacy of the risk
                  management system

 A.1.11.14        Informasi tentang sanksi administratif/sanksi yang dikenakan kepada Perusahaan, anggota Dewan               738
                  Komisaris dan anggota Direksi, oleh Otoritas Jasa Keuangan dan otoritas lainnya pada tahun buku
                  Information on administrative sanctions/sanctions imposed on Issuers or Public Companies, members
                  of the Board of Commissioners and members of the Board of Directors, by the Financial Services
                  Authority and other authorities for the fiscal year (if any)

 A.1.11.15        Informasi mengenai kode etik Perusahaan                                                                   742-745
                  Information regarding the Company code of ethics

 A.1.11.15.a      Pokok-pokok kode etik                                                                                       742
                  Code of ethics content

 A.1.11.15.b      Bentuk sosialisasi kode etik dan upaya penegakannya                                                         744
                  Form of code of ethics socialization and enforcement efforts

 A.1.11.15.c      Pernyataan bahwa kode etik berlaku bagi anggota Direksi, anggota Dewan Komisaris, dan karyawan            743-744
                  Perusahaan
                  Statement that the code of ethics applies to members of the Board of Directors, Board of Commissioners,
                  and employees of the Company

 A.1.11.16        Dalam hal terdapat pemberian kompensasi berupa program kepemilikan saham oleh manajemen                   393-394
                  (management stock ownership program/MSOP) dan/atau program kepemilikan saham oleh karyawan                  735
                  (employee stock ownership program/ESOP), informasi yang diungkapkan paling sedikit memuat: (atas
                  point A.1.11.16)
                  If there is compensation provided in the form of a share ownership program by management
                  (management stock ownership program/MSOP) and/or an employee stock ownership program (ESOP),
                  the information disclosed must contain at least (at point A.1.11.16)

 A.1.11.16.a      Uraian singkat mengenai kebijakan pemberian kompensasi jangka panjang berbasis kinerja kepada             393-394
                  manajemen dan/atau karyawan yang dimiliki oleh Perusahaan (jika ada), antara lain berupa program            735
                  kepemilikan saham oleh manajemen (management stock ownership program/MSOP) dan/atau
                  program kepemilikan saham oleh karyawan (employee stock ownership program/ESOP)
                  A brief description of the policy of providing long-term performance-based compensation to
                  management and/or employees owned by the Issuer or Public Company (if any), including the
                  management stock ownership program (MSOP) and/or employee stock ownership program (ESOP);

 A.1.11.16.b      Apakah terdapat pemberian kompensasi jangka panjang berbasis kinerja kepada manajemen dan/atau              735
                  karyawan dalam tahun buku?
                  Is there long-term performance-based compensation provided to management and/or employees in
                  the fiscal year?




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                    815
Page 816
01                               02                        03                    04                                       05
Ikhtisar Kinerja Utama           Laporan Manajemen         Profil Perusahaan      Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report         Company Profile        Management Discussion and Analysis       Business Support Functions




     Nomor                                                      Pertanyaan ARA                                                    Halaman
     Number                                                      ARA Question                                                      Page
 A.1.11.16.c         Dalam hal terdapat pemberian kompensasi berupa program kepemilikan saham oleh manajemen                       393-394
                     (management stock ownership program/MSOP) dan/atau program kepemilikan saham oleh karyawan                      735
                     (employee stock ownership program/ESOP), informasi yang diungkapkan paling sedikit memuat:
                     In terms of providing compensation in the form of a management stock ownership program (MSOP)
                     and/or an employee stock ownership program (ESOP), the information disclosed must at least contain:

 A.1.11.16.c1        Jumlah saham dan/atau opsi                                                                                       394
                     Number of shares and/or options

 A.1.11.16.c2        Jangka waktu pelaksanaan                                                                                         394
                     Implementation period

 A.1.11.16.c3        Persyaratan karyawan dan/atau manajemen yang berhak                                                              394
                     Requirements for eligible employees and/or management

 A.1.11.16.c4        Harga pelaksanaan atau penentuan harga pelaksanaan                                                               394
                     Exercise price or determination of exercise price

 A.1.11.17           Uraian singkat mengenai kebijakan pengungkapan informasi mengenai                                                740
                     Brief description of the information disclosure policy regarding

 A.1.11.17.a         Kepemilikan saham anggota Direksi dan anggota Dewan Komisaris paling lambat 3 (tiga) hari kerja               247-248
                     setelah terjadinya kepemilikan atau setiap perubahan kepemilikan atas saham Perusahaan Terbuka                  553
                     Share ownership of members of the Board of Directors and members of the Board of Commissioners                  578
                     no later than 3 (three) working days after the occurrence of ownership or any change in ownership of
                     shares of a Public Company

 A.1.11.17.b         Pelaksanaan atas kebijakan dimaksud                                                                           247-248
                     Implementation of the policy in question                                                                        740

 A.1.11.18           Uraian mengenai sistem pelaporan pelanggaran (whistleblowing system) di Perusahaan:                           762-766
                     Description of the whistleblowing system in the Company

 A.1.11.18.a         Cara penyampaian laporan pelanggaran                                                                             764
                     Violation report submission

 A.1.11.18.b         Perlindungan bagi pelapor                                                                                        765
                     Protection for whistleblowers

 A.1.11.18.c         Penanganan pengaduan                                                                                             765
                     Complaint handling

 A.1.11.18.d         Pihak yang mengelola pengaduan                                                                                765-766
                     Parties managing the complaint

 A.1.11.18.e         Hasil dari penanganan pengaduan:                                                                                 766
                     Complaint handling results:

 A.1.11.18.e1        Jumlah pengaduan yang masuk dan diproses dalam tahun buku                                                        766
                     Number of complaints received and processed during the fiscal year

 A.1.11.18.e2        Tindak lanjut pengaduan                                                                                          766
                     Complaint follow up

 A.1.11.18.e3        Catatan: Dalam hal Perusahaan tidak memiliki sistem pelaporan pelanggaran (whistleblowing system),                -
                     maka diungkapkan mengenai hal tersebut. (atas point A.1.11.18)
                     Note: If the Company does not have a whistleblowing system, this matter must be disclosed. (at point
                     A.1.11.18)

 A.1.11.19           Uraian mengenai kebijakan anti korupsi Perusahaan                                                             746-748
                     Description of the anti-corruption policy of the Company

 A.1.11.19.a         Program dan prosedur yang dilakukan                                                                           746-748
                     Programs and procedures implemented

 A.1.11.19.b         Pelatihan/sosialisasi anti korupsi kepada karyawan Perusahaan                                                 746-747
                     Anti-corruption training/socialization to employees of the Company

 A.1.11.19.c         Catatan: Dalam hal Perusahaan tidak memiliki kebijakan anti korupsi, maka dijelaskan alasan tidak                 -
                     dimilikinya kebijakan dimaksud (atas point A.1.11.19)
                     Note: If the Company does not have an anti-corruption policy, the reasons for not having the said
                     policy must be explained (at point A.1.11.19)

 A.1.11.20a          Penerapan atas pedoman governansi Perusahaan Terbuka bagi Emiten yang menerbitkan efek bersifat               472-478
                     ekuitas atau Perusahaan Publik, meliputi:
                     Implementation of Code of Corporate Governance guidelines by the Issuer that issues equity securities
                     or the Public Company, including:




816                                                                             Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 817
06                               07                                     08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




    Nomor                                                     Pertanyaan ARA                                                  Halaman
    Number                                                     ARA Question                                                    Page
 A.1.11.20a.a      Pernyataan mengenai rekomendasi yang telah dilaksanakan                                                    472-478
                   Statement regarding recommendations have been implemented

 A.1.11.20a.b      Bukti/penjelasan yang menunjukkan bahwa perusahaan telah menerapkan rekomendasi tersebut                   472-478
                   Evidence/explanation showing that the company has implemented these recommendations

 A.1.11.20a.c      Penjelasan atas rekomendasi yang belum dilaksanakan, disertai alasan dan alternatif                        472-478
                   Description of the recommendations that have not been implemented, the reasons, and the
                   implementation alternatives

 A.1.11.20b        Pengungkapan terkait penerapan atas pedoman governansi Perusahaan dengan pendekatan "comply                483-489
                   or explain" atau "apply or explain", meliputi:
                   Disclosures related to the implementation of the Company's governance guidelines using the "comply
                   or explain" or "apply or explain" approach, include:

 A.1.11.20b.a      Pernyataan mengenai rekomendasi yang telah dilaksanakan                                                    484-489
                   Statement regarding recommendations have been implemented

 A.1.11.20b.b      Bukti/penjelasan yang menunjukkan bahwa perusahaan telah menerapkan rekomendasi tersebut                   484-489
                   Evidence/explanation showing that the company has implemented these recommendations

 A.1.11.20b.c      Penjelasan atas rekomendasi yang belum dilaksanakan, disertai alasan dan alternatif                        484-489
                   Description of the recommendations that have not been implemented, the reasons, and the
                   implementation alternatives

 Bonus & Penalti
 Bonus & Penalty

 B.A               Pertanyaan Bonus
                   Bonus Question

 B.A.1             Jenis keputusan yang memerlukan persetujuan Dewan Komisaris (PUGKI 1.3.2)                                  564-566
                   Types of decisions that require approval from the Board of Commissioners (PUGKI 1.3.2)

 B.A.2             Rincian tugas Komisaris Utama (PUGKI 1.3.13.1)                                                             539-541
                   Details of the duties of the President Commissioner (PUGKI 1.3.13.1)

 B.A.3             Tanggung jawab Komite Audit dalam pemberian rekomendasi atas penunjukan dan pemberhentian                    613
                   auditor eksternal (ASEAN CG Score Card E.2.24)
                   Responsibility of the Audit Committee in providing recommendations for the appointment and dismissal
                   of external auditors (ASEAN CG ScoreCard E.2.24)

 B.A.4             Sertifikasi profesi (misalnya dalam bidang Risiko, Akuntansi, Perpajakan, IT, Hukum) yang dimiliki oleh    185-199
                   (Kriteria tambahan ARA 2019)
                   Professional certification (for example in the sector of Risk, Accounting, Taxation, IT, Law) held by
                   (2019 ARA additional criteria)

 B.A.4.a           Komite Audit                                                                                               185-186
                   Audit Committee

 B.A.4.b           Komite Nominasi dan Remunerasi                                                                               187
                   Nomination and Remuneration Committee

 B.A.4.c           Komite Manajemen Risiko                                                                                      187
                   Risk Management Committee

 B.A.4.d           Komite Lainnya                                                                                             188-199
                   Other Committee

 B.A.5             Deskripsi proses governansi terkait isu IT termasuk disruption (gangguan), cyber security (keamanan        772-773
                   dunia maya), dan disaster recovery (pemulihan bencana) untuk memastikan semua risiko utama telah
                   diidentifikasi, dikelola, dan dilaporkan pada Direksi (ASEAN CG Score Card B.E.5.1)
                   Description of governance processes related to IT issues including disruption, cyber security, and
                   disaster recovery to ensure all major risks have been identified, managed, and reported to the Board
                   of Directors (ASEAN CG Score Card B.E.5.1)

 B.A.6             Kebijakan untuk mencegah terjadinya insider trading. (Aturan yang jelas mengenai perdagangan apa             767
                   pun dalam saham korporasi yang dilakukan oleh Direktur, Komisaris dan orang dalam untuk memastikan
                   bahwa siapapun tidak boleh mendapatkan keuntungan secara langsung atau tidak langsung dari
                   informasi yang tidak/belum tersedia di pasar) (PUKGI 7.2.3)
                   Policy to prevent insider trading. (Clear rules regarding any trading in corporate shares carried out by
                   Directors, Commissioners and insiders to ensure that anyone cannot profit directly or indirectly from
                   information that is not/not yet available on the market) (PUKGI 7.2.3)




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                      817
Page 818
01                               02                        03                    04                                       05
Ikhtisar Kinerja Utama           Laporan Manajemen         Profil Perusahaan      Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights       Management Report         Company Profile        Management Discussion and Analysis       Business Support Functions




     Nomor                                                    Pertanyaan ARA                                                      Halaman
     Number                                                    ARA Question                                                        Page
 B.A.7               Kebijakan penghargaan/kompensasi yang memperhitungkan kinerja perusahaan jangka panjang                          735
                     (ASEAN CG Score Card C.3.3)
                     Reward/compensation policy that takes into account long-term company performance (ASEAN CG
                     Score Card C.3.3)

 B.A.8               Kebijakan untuk melakukan penelaahan dan persetujuan transaksi dengan pihak berelasi yang material/           403-410
                     signifikan (ASEAN CG Score Card D.3.1)
                     Policy for reviewing and approving transactions with material/significant related parties (ASEAN CG
                     Score Card D.3.1)

 B.A.9               Kebijakan terkait perencanaan atas suksesi anggota Direksi dan manajemen kunci (ASEAN CG Score                637-638
                     Card E.5.3)
                     Policy related to planning for the succession of members of the Board of Directors and key management
                     (ASEAN CG Score Card E.5.3)

 B.A.10.a            Kerangka pelaporan berkelanjutan yang diakui secara internasional (contoh: GRI, Integrated Reporting,            776
                     SASB) yang diadopsi oleh Perusahaan
                     Internationally recognized sustainability reporting framework (e.g. GRI, Integrated Reporting, SASB)
                     adopted by the Company

 B.B.0               Pertanyaan Tambahan
                     Additional Questions

 B.B.2               Pengungkapan kerangka governansi, pengelolaan dan pengendalian aspek perpajakan di perusahaan                 776-777
                     (GRI)
                     Disclosure of governance framework, management and control of tax aspects in companies (GRI)

                     Penjelasan: Berkaitan dengan kerangka governansi, pengelolaan, dan pengendalian aspek perpajakan
                     di Perseroan, termuat dalam Laporan Keberlanjutan.
                     Explanation: Relating to the governance framework, management, and control of taxation aspects in
                     the Company, contained in the Sustainability Report.

 B.B                 Pertanyaan Penalti
                     Penalty Question

 B.C.1               Tanggal penerbitan Laporan Keuangan Tahunan (ASEAN CG Score Card B.D.1.1 & Peraturan OJK)                    820-1029
                     Date of publication of Annual Financial Report (ASEAN CG Score Card B.D.1.1 & OJK Regulations)

                     Penjelasan: Laporan Keuangan dirilis tanggal 3 Maret 2026, sesuai dengan Penyampaian Perseroan ke
                     Otoritas Jasa Keuangan dan Bursa Efek Indonesia
                     Explanation: Financial Statements released on March 3, 2026, in accordance with the Company's
                     Submission to the Financial Services Authority and the Indonesia Stock Exchange.

 B.C.2               Tanggal penerbitan Laporan Tahunan (ASEAN CG Score Card B.D.1.1 & Peraturan OJK)                           65, 83, 86-87
                     Annual Report publication date (ASEAN CG Score Card B.D.1.1 & OJK Regulations)

 B.C.3               Opini auditor independen atas laporan keuangan perusahaan                                                      825
                     Independent auditor's opinion on the company's financial statements                                        (wajar dalam
                                                                                                                               semua hal yang
                                                                                                                                  material)

 B.C.4               Apakah terjadi perdagangan orang dalam yang melibatkan Direksi/Komisaris, manajemen dan                          767
                     karyawan dalam tiga tahun terakhir? (ASEAN CG Score Card P.B.1.1)
                     Is there any insider trading involving Directors/Commissioners, management and employees in the last
                     three years? (ASEAN CG Score Card P.B.1.1)

 B.C.5               Apakah ada kasus ketidakpatuhan terhadap hukum, aturan dan peraturan yang berkaitan dengan                       735
                     transaksi pihak berelasi yang signifikan atau material dalam tiga tahun terakhir? (ASEAN CG Score
                     Card P.B.2.1)
                     Are there any cases of non-compliance with laws, rules, and regulations related to significant or
                     material related party transactions in the last three years? (ASEAN CG Score Card P.B.2.1)

 B.C.6               Apakah telah terjadi pelanggaran hukum apa pun yang berkaitan dengan masalah perburuhan/                         738
                     ketenagakerjaan/konsumen/kepailitan/komersial/persaingan atau lingkungan (P.C.1.1)
                     Are there any legal violations related to labor/employment/consumer/insolvency/commercial/
                     competition or environmental issues? (P.C.1.1)

 B.C.7               Apakah Perusahaan menghadapi sanksi dari regulator karena tidak membuat pengumuman dalam                         738
                     jangka waktu yang ditentukan untuk peristiwa penting (material event)? (ASEAN CG Score Card
                     P.C.2.1)
                     Does the Company face sanctions from regulators for not making an announcement within the
                     specified time period for a material event? (ASEAN CG Score Card P.C.2.1)

 B.C.8               Apakah Perusahaan memperoleh putusan bersalah dari pengadilan pajak tertinggi terkait masalah                    739
                     perpajakan apapun selama tiga tahun terakhir?
                     Does the Company receive a guilty verdict from the highest tax court regarding any tax matters during
                     the last three years?



818                                                                             Laporan Tahunan 2025 Annual Report    PT Jasa Marga (Persero) Tbk
Page 819
06                               07                                     08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan       Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility        Reference of POJK, SEOJK, and ARA Criteria




      Nomor                                                   Pertanyaan ARA                                                  Halaman
      Number                                                   ARA Question                                                    Page
 B.C.9            Apakah ada bukti bahwa Perusahaan tidak mematuhi aturan dan peraturan pencatatan apa pun selama               738
                  setahun terakhir selain dari aturan pengungkapan? (P.E.1.1)
                  Is there any evidence that the Company has not complied with any listing rules and regulations during
                  the past year other than disclosure rules? (PE.1.1)

 Pertanyaan Bonus Terkait Tema Annual Report Award 2025

 1.               Jelaskan bagaimana governansi Perusahaan memastikan bahwa prinsip integritas dan keberlanjutan                57
                  terintegrasi secara substantif dalam perumusan strategi jangka panjang, sehingga memperkuat                   80
                  ketahanan usaha dan kemampuan Perusahaan dalam menciptakan nilai berkelanjutan di tengah
                  dinamika lingkungan bisnis yang terus berubah.
                  Explain how the Company’s governance ensures that the principles of integrity and sustainability
                  are substantively integrated into the formulation of long-term strategy, thereby strengthening the
                  Company’s business resilience and its ability to create sustainable value amidst the ever-changing
                  dynamics of the business environment.

                  Penjelasan: Perseroan secara substantif mengintegrasikan prinsip integritas dan keberlanjutan ke
                  dalam strategi korporasi melalui Road Map ESG 2025–2029 dan Pilar Keberlanjutan. Governansi
                  Perusahaan memastikan hal ini melalui visi baru "Inovasi menuju peningkatan nilai yang berkelanjutan"
                  yang dituangkan dalam Rencana Jangka Panjang Perusahaan (RJPP) 2025–2029. Strategi ini
                  mencakup transformasi menjadi Integrated Mobility Company yang berfokus pada pengembangan
                  infrastruktur berkelanjutan, termasuk green toll road, guna memperkuat ketahanan usaha di tengah
                  dinamika industri
                  Explanation: The Company has substantively integrated the principles of integrity and sustainability
                  into its corporate strategy through the 2025–2029 ESG Roadmap and the Sustainability Pillars.
                  Corporate Governance ensures this through the new vision ‘Innovation towards sustainable value
                  creation’, as set out in the Company’s Long-Term Plan (RJPP) 2025–2029. This strategy encompasses
                  the transformation into an Integrated Mobility Company focused on the development of sustainable
                  infrastructure, including green toll roads, to strengthen business resilience amidst industry dynamics

 2.               Uraikan bagaimana peran governansi perusahaan mendorong pembentukan nilai integritas dan                      17
                  keberlanjutan yang tercermin dalam budaya perusahaan, serta bagaimana nilai dan budaya tersebut               80
                  diimplementasikan secara konsisten dalam proses bisnis dan kegiatan operasional di seluruh lini
                  organisasi.
                  Explain how corporate governance plays a role in fostering the values of integrity and sustainability, as
                  reflected in the corporate culture, and how these values and culture are consistently implemented in
                  business processes and operational activities across the organisation.

                  Penjelasan: Governansi perusahaan mendorong nilai integritas melalui penerapan tata nilai
                  AKHLAK sebagai landasan perilaku seluruh karyawan. Untuk mempercepat transformasi, pimpinan
                  meluncurkan budaya kerja JSMR MOVE (Modern, Optimistic, Valuable, Excellent) yang bertujuan
                  memperkuat operational excellence dan menjaga kepercayaan publik. Nilai-nilai ini diimplementasikan
                  secara konsisten melalui berbagai governance soft structure seperti Code of Conduct (CoC), Sistem
                  Manajemen Anti Penyuapan (SMAP) ISO 37001, dan kebijakan Anti-Fraud yang berlaku mengikat di
                  seluruh lini organisasi.
                  Explanation: Corporate governance promotes integrity by implementing the AKHLAK values as the
                  foundation for all employees’ conduct. To accelerate this transformation, management has launched
                  the JSMR MOVE (Modern, Optimistic, Valuable, Excellent) work culture, which aims to strengthen
                  operational excellence and maintain public trust. These values are consistently implemented through
                  various soft governance structures such as the Code of Conduct (CoC), the ISO 37001 Anti-Bribery
                  Management System (ABMS), and binding anti-fraud policies across all levels of the organisation.

 3.               Jelaskan bagaimana pimpinan perusahaan memastikan bahwa Perusahaan memiliki pemahaman yang                     3
                  memadai serta kesiapan yang komprehensif—termasuk pada aspek prosedur dan sistem informasi—                 676-677
                  untuk memenuhi kewajiban pengungkapan keberlanjutan sesuai dengan Standar Pengungkapan
                  Keberlanjutan (SPK 1 dan SPK 2), serta bagaimana kesiapan tersebut telah terinternalisasi dalam
                  proses pelaporan berdasarkan empat pilar utama: Governance, Strategy, Risk Management, dan
                  Metrics & Targets.
                  Explain how the company’s management ensures that the Company has an adequate understanding
                  and comprehensive readiness—including in terms of procedures and information systems—to meet its
                  sustainability disclosure obligations in accordance with the Sustainability Disclosure Standards (SPK 1
                  and SPK 2), and how this preparedness has been integrated into the reporting process based on the
                  four key pillars: Governance, Strategy, Risk Management, and Metrics & Targets.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                      819
Page 820
01                                   02                       03                    04                                       05
Ikhtisar Kinerja Utama               Laporan Manajemen        Profil Perusahaan      Analisa dan Pembahasan Manajemen         Fungsi Penunjang Bisnis
Main Performace Highlights           Management Report        Company Profile        Management Discussion and Analysis       Business Support Functions




      Nomor                                                      Pertanyaan ARA                                                      Halaman
      Number                                                      ARA Question                                                        Page
                     Penjelasan: Pimpinan memastikan kesiapan komprehensif melalui program pelatihan dan sertifikasi
                     teknis, seperti Certified Sustainability Reporting Specialist dan Certificate in Climate Finance (CertCF)
                     untuk membekali personel dengan pemahaman standar pelaporan terbaru. Perseroan membentuk
                     Komite Sustainability (evolusi dari Komite TJSL) untuk memperkuat tata kelola keberlanjutan dan
                     mengeksekusi Road Map ESG. Kesiapan ini terinternalisasi dalam empat pilar:
                     • Governance: Struktur Komite Sustainability yang bertanggung jawab langsung kepada Direksi.
                     • Strategy: Penajaman strategi untuk mencakup seluruh aspek ESG dan risiko iklim.
                     • Risk Management: Integrasi risiko keberlanjutan dan iklim ke dalam manajemen risiko korporasi.
                     • Metrics & Targets: Penetapan target dekarbonisasi nasional dan inisiatif berkelanjutan yang
                         terukur.
                     Explanation: Management ensures comprehensive readiness through training programmes and
                     technical certifications, such as the Certified Sustainability Reporting Specialist and the Certificate
                     in Climate Finance (CertCF), to equip staff with an understanding of the latest reporting standards.
                     The Company has established a Sustainability Committee (an evolution of the TJSL Committee) to
                     strengthen sustainability governance and execute the ESG Roadmap. This readiness is embedded
                     within four pillars:
                     • Governance: A Sustainability Committee structure reporting directly to the Board of Directors.
                     • Strategy: Sharpening the strategy to cover all aspects of ESG and climate risk.
                     • Risk Management: Integration of sustainability and climate risks into corporate risk management.
                     • Metrics & Targets: Setting national decarbonisation targets and measurable sustainable initiatives.

 4.                  Jelaskan bagaimana pimpinan Perusahaan memastikan keandalan, konsistensi, dan kredibilitas                          732
                     pelaporan keuangan, laporan tahunan, serta pengungkapan keberlanjutan melalui sistem pengendalian                   722
                     internal, mekanisme assurance, dan pengawasan yang efektif, sehingga mendukung pelaporan yang                        60
                     berintegritas, transparan, dan akuntabel serta memperkuat kepercayaan pemangku kepentingan                          616
                     dalam penciptaan nilai jangka panjang.                                                                              611
                     Explain how the Company’s management ensures the reliability, consistency and credibility of                        537
                     financial reporting, annual reports and sustainability disclosures through effective internal control               540
                     systems, assurance mechanisms and oversight, thereby supporting reporting that is integrity-driven,
                     transparent and accountable, and strengthening stakeholder confidence in the creation of long-term
                     value.

                     Penjelasan: Jasa Marga menerapkan praktik governansi yang terintegrasi dengan manajemen risiko
                     dan sistem manajemen kepatuhan yang efektif. Pimpinan Perseroan juga menjamin kredibilitas
                     pelaporan melalui sistem pengawasan yang berlapis:
                     Explanation: Jasa Marga implements governance practices that are integrated with effective risk
                     management and compliance management systems. The Company’s management also ensures the
                     credibility of its reporting through a multi-layered oversight system:

                     •       Sistem Pengendalian Internal: Penerapan Internal Control over Financial Reporting (ICoFR) dan               732
                             Sistem Pengendalian Internal Pemerintah (SPIP) untuk menjamin keandalan data.                               722
                             Internal Control System: Implementation of Internal Control over Financial Reporting (ICoFR) and
                             the Government Internal Control System (SPIP) to ensure data reliability.




820                                                                                 Laporan Tahunan 2025 Annual Report   PT Jasa Marga (Persero) Tbk
Page 821
06                               07                                       08
Tata Kelola Perusahaan           Tanggung Jawab Sosial Perusahaan         Referensi POJK, SEOJK, dan Kriteria ARA
Good Corporate Governance        Corporate Social Responsibility          Reference of POJK, SEOJK, and ARA Criteria




    Nomor                                                     Pertanyaan ARA                                                     Halaman
    Number                                                     ARA Question                                                       Page
                  •    Mekanisme Assurance: Laporan Keuangan diaudit oleh Kantor Akuntan Publik (KAP) dengan opini                 60
                       Wajar Tanpa Pengecualian. Selain itu, terdapat pengungkapan bahwa Laporan Keberlanjutan telah               616
                       diverifikasi secara eksternal (externally assured).
                       Assurance Mechanism: The Financial Statements are audited by a Public Accounting Firm (PAF)
                       and issued with an unqualified opinion. In addition, it is disclosed that the Sustainability Report has
                       been externally verified (externally assured).

                  •    Pengawasan Efektif: Peran aktif Dewan Komisaris dan Komite Audit dalam memantau kepatuhan                   611
                       serta penandatanganan Surat Pernyataan Tanggung Jawab oleh seluruh jajaran Direksi dan                      537
                       Dewan Komisaris atas kebenaran isi laporan tahunan.                                                         540
                       Effective Oversight: The active role of the Board of Commissioners and the Audit Committee in
                       monitoring compliance, as well as the signing of a Statement of Responsibility by all members
                       of the Board of Directors and the Board of Commissioners regarding the accuracy of the annual
                       report.




PT Jasa Marga (Persero) Tbk   Laporan Tahunan 2025 Annual Report                                                                         821
Page 822
09   Laporan Keuangan
     Konsolidasian
     Consolidated Financial Statement
     Laporan Keuangan Konsolidasian PT Jasa Marga (Persero) Tbk
     31 Desember 2025 telah dirilis tanggal 3 Maret 2026, sesuai
     dengan Penyampaian Perseroan ke Otoritas Jasa Keuangan,
     Bursa Efek Indonesia dan website Perseroan.
     The Consolidated Financial Statements of PT Jasa Marga (Persero) Tbk as of
     31 December 2025 were released on 3 March 2026, in accordance with the
     Company’s submission to the Financial Services Authority, the Indonesia Stock
     Exchange, and the Company’s official website.
Page 823

          
Page 824
PT JASA MARGA (PERSERO) Tbk            PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                  AND SUBSIDIARIES

Laporan Keuangan Konsolidasian          Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir pada                  For the Years Ended
Tanggal 31 Desember 2025 dan 2024            December 31, 2025 and 2024
Page 825
PT JASA MARGA (PERSERO) Tbk                                                                   PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                         AND SUBSIDIARIES


Daftar Isi                                                                                                        Table of Contents

                                                                    Halaman/
                                                                     Pages

Surat Pernyataan Direksi                                                                               Directors’ Statement Letter



Laporan Auditor Independen                                                                          Independent Auditor’s Report


Laporan Keuangan Konsolidasian                                                               Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                December 31, 2025 and 2024



Laporan Posisi Keuangan Konsolidasian ...................... 1 – 3        ............. Consolidated Statements of Financial Position

Laporan Laba Rugi dan Penghasilan                                                              Consolidated Statements of Profit or Loss
  Komprehensif Lain Konsolidasian.............................       4    ........................and Other Comprehensive Income

Laporan Perubahan Ekuitas Konsolidasian ..................           5    ............ Consolidated Statements of Changes in Equity

Laporan Arus Kas Konsolidasian ..................................    6    ....................... Consolidated Statements of Cash Flows

Catatan atas Laporan Keuangan Konsolidasian .............7 – 198                   Notes to the Consolidated Financial Statement




                                                                     1
Page 826

          
Page 827

          
Page 828

          
Page 829

          
Page 830

          
Page 831

          
Page 832

          
Page 833

          
Page 834
PT JASA MARGA (PERSERO) Tbk                                                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                               AND SUBSIDIARIES
LAPORAN POSISI KEUANGAN KONSOLIDASIAN                                                   CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
                                                                                        0B




31 Desember 2025 dan 2024
                                                                                                                                                                            1B




                                                                                                                     December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                  (Expressed in millions of Rupiah, unless otherwise stated)


                                                       Catatan/
                                                        Notes              2025        2024 *)           2023 *)
 ASET                                                                                                                                                       ASSETS
 ASET LANCAR                                                                                                                                        CURRENT ASSETS
                                                   2.e, 2.f 2.q, 2.u,
 Kas dan setara kas                                                        6.750.913         5.123.252     4.696.437                         Cash and cash equivalents
                                                       4, 43, 47.a
                                                   2.f, 2.q, 5, 47.a,
 Investasi jangka pendek                                                     24.458            22.791      1.360.795                             Short-term investments
                                                           47.e
                                                   2.f, 2.q, 6,39, 40,
 Piutang lain-lain                                                                                                                                    Other receivables
                                                           47.a
   Pihak berelasi                                        43, 47.a           542.175           350.154       344.225                                   Related parties
   Pihak ketiga                                            47.a             856.065           820.213       953.954                                     Third parties
 Persediaan                                               2.g, 7            167.233           147.978       119.490                                         Inventories
 Biaya dibayar di muka dan uang muka                         8              107.197           109.588        99.312                     Prepaid expenses and advances
 Pajak dibayar di muka                                  2.o, 18.a           302.283           135.854       134.956                                      Prepaid taxes
                                                    2.e, 2.f, 2.q, 9,
 Dana dibatasi penggunaannya                                                518.346           487.735       558.326                                     Restricted funds
                                                         43, 47.a
 TOTAL ASET LANCAR                                                         9.268.670         7.197.565     8.267.495                       TOTAL CURRENT ASSETS

 ASET TIDAK LANCAR                                                                                                                            NON-CURRENT ASSETS
                                                  2.d, 2.f 2.q, 6, 43,
 Piutang lain-lain - pihak berelasi                                         341.071           312.946       275.000                   Other receivables - related parties
                                                          47.a
                                                   2.e, 2.f, 2.q, 9,
 Dana dibatasi penggunaannya                                                401.671           232.738       292.783                                     Restricted funds
                                                       43, 47.a
 Aset pajak tangguhan                                  2.o, 18.c             74.200            67.529        62.878                                  Deferred tax assets
 Investasi pada entitas asosiasi dan                                                                                                      Investment in associates and
   ventura bersama - neto                                2.h, 10           5.923.773         5.608.831     5.201.567                                joint ventures - net
 Aset tetap - neto                                   2.i, 2.n, 3, 11         643.799           508.170       478.377                                    Fixed asset - net
 Properti investasi - neto                            2.j, 3.a, 12         1.012.267           979.181       751.557                         Investment properties - net
 Aset takberwujud - neto                                                                                                                          Intangible assets - net
   Hak pengusahaan jalan tol                          2.l, 3.b, 13       140.973.316   132.004.237       117.260.627                       Toll road concession rights
   Lainnya                                               2.k, 14              89.027        88.278           109.574                                             Others
 Goodwill                                             2.d, 2.m, 15            41.849        41.849            41.849                                            Goodwill
                                                     2.q, 16, 47.a,
 Aset keuangan lainnya - neto                                               246.587           259.846       246.677                          Other financial assets - net
                                                          47.e
 Aset tidak lancar lainnya - neto                       2.n, 17             979.055     1.415.350         1.720.475                      Other non-current assets - net
 Aset derivatif                                         2.q, 2.r                   -             -           23.142                                  Derivative assets
 TOTAL ASET TIDAK LANCAR                                                 150.726.615   141.518.955       126.464.506                  TOTAL NON-CURRENT ASSETS

 TOTAL ASET                                                              159.995.285   148.716.520       134.732.001                                   TOTAL ASSETS


 *) Disajikan kembali, lihat Catatan 51                                                                                                        *) Restated, see Note 51
 *) Direklasifikasi, lihat Catatan 52                                                                                                      *) Reclassified, see Note 52




Catatan terlampir merupakan bagian yang tidak terpisahkan dari                                                     The accompanying notes from an integral part of these
laporan keuangan konsolidasian secara keseluruhan.                                                                    consolidated financial statements taken as a whole.
                                                                                   1
Page 835
PT JASA MARGA (PERSERO) Tbk                                                                                PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                           AND SUBSIDIARIES
LAPORAN POSISI KEUANGAN KONSOLIDASIAN                                               CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
                                                                                    2B




31 Desember 2025 dan 2024
                                                                                                                                                                          3B1




                                                                                                                 December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                              (Expressed in millions of Rupiah, unless otherwise stated)


                                                      Catatan/
                                                       Notes            2025        2024 *)          2023 *)

 LIABILITAS DAN EKUITAS                                                                                                                  LIABILITIES AND EQUITY
 LIABILITAS JANGKA PENDEK                                                                                                                   CURRENT LIABILITIES
                                                   2.f, 2.q, 19, 43,
 Utang usaha                                                              71.936          151.278       256.768                                    Accounts payable
                                                          47.c
                                                   2.f, 2.q, 20, 43,
 Utang kontraktor                                                        402.940          494.361       560.316                                  Contractors payable
                                                          47.c
 Utang pajak                                           2.o, 18.b          419.456    1.807.837          372.957                                       Taxes payable
 Beban akrual                                      2.q, 22, 43, 47.c    9.367.488   11.403.302        9.973.402                                   Accrued expenses
 Utang bank                                         2.f, 2.q, 23, 43       57.559      630.868        4.530.690                                          Bank loans
                                                   2.f, 2.q, 24, 43,
 Utang lembaga keuangan bukan bank                                              -                -      908.102                  Non-bank financial institutions loan
                                                          47.c
 Liabilitas jangka panjang yang                                                                                                                 Current maturities of
   jatuh tempo dalam satu tahun:                                                                                                               long-term liabilities:
                                                   2.f, 2.q, 23, 43,
     Utang bank                                                         3.622.723        4.882.857    5.072.042                                       Bank loans
                                                          47.c
                                                   2.f, 2.q, 24, 43,
     Utang lembaga keuangan bukan bank                                          -                -      200.000              Non-bank financial institutions loan
                                                          47.c
     Utang obligasi                                 2.q, 25, 47.c              -          286.000             -                                 Bonds payable
     Liabilitas pembebasan tanah                  2.f, 2.q, 26, 47.c           -                -     1.298.845                       Land acquisition liabilities
     Liabilitas sewa                              2.n, 3.b, 27, 47.c      87.593           64.199        75.364                                Lease liabilities
     Provisi pelapisan jalan tol                   2.l, 2.w, 3.b, 28     716.991          728.154       541.854                            Provision for overlay
     Pendapatan diterima dimuka                            29            130.663          104.112        46.724                              Unearned revenue
     Liabilitas imbalan kerja                           2.p, 30           53.761           45.228         1.794                         Employee benefits liability
                                                   2.f, 2.q, 21, 43,
 Liabilitas keuangan jangka pendek lainnya                              1.064.745         968.023       956.199                  Other short-term financial liabilities
                                                          47.c
 TOTAL LIABILITAS JANGKA PENDEK                                        15.995.855   21.566.219       24.795.057                     TOTAL CURRENT LIABILITIES

 LIABILITAS JANGKA PANJANG                                                                                                            NON-CURRENT LIABILITIES
 Liabilitas pajak tangguhan                            2.o, 18.c        5.607.408        5.229.244    5.714.154                                Deferred tax liabilities
                                                   2.f, 2.q, 20, 43,
 Utang kontraktor jangka panjang                                        1.375.330         967.428       681.879                       Long-term contractors payable
                                                          47.c
                                                   2.f, 2.q, 22, 43,
 Beban akrual jangka panjang                                             712.202          700.629       715.029                        Long-term accrued expenses
                                                          47.c
 Liabilitas jangka panjang - setelah                                                                                                     Long-term liabilities - net of
   dikurangi
   dikurangi bagian
               bAIian yang
                      yang jatuh
                            jatuh                                                                                                               current maturities:
   tempo
   tempo dalam
           dalam satu
                   satu tahun:
                        tahun:
     Utang bank                                     2.f, 2.q, 23, 43   68.800.868   57.178.416       59.419.323                                         Bank loans
                                                   2.f, 2.q, 24, 43,
     Utang lembaga keuangan bukan bank                                          -         272.000               -              Non-bank financial institutions loan
                                                       47.c, 47.e
     Utang obligasi                                 2.q, 25, 47.c       2.536.062        1.538.161      897.353                                     Bonds payable
                                                   2.f, 2.q, 26, 43,
     Liabilitas pembebasan tanah                                         108.292          109.008       251.067                         Land acquisition liabilities
                                                          47.c
     Liabilitas sewa                              2.n, 3.b, 27, 47.c     101.997           59.819        57.385                                   Lease liabilities
     Provisi pelapisan jalan tol                   2.l, 2.w, 3.b, 28     670.741          683.207       731.649                              Provision for overlay
     Pendapatan diterima dimuka                            29             66.326           70.594        73.683                                Unearned revenue
     Liabilitas imbalan kerja                                                                                                        Long-term employee benefits
          jangka panjang                               2.p, 30          1.346.780        1.261.969    1.316.108                                         liabilities
 Liabilitas derivatif                                  2.q, 2.r                 -                -       67.171                                Derivative liabilities
 Liabilitas jangka panjang lainnya                       2.q              311.707          246.585      284.309                           Other long term liabilities
 TOTAL LIABILITAS JANGKA PANJANG                                       81.637.713   68.317.060       70.209.110               TOTAL NON-CURRENT LIABILITIES

 TOTAL LIABILITAS                                                      97.633.568   89.883.279       95.004.167                                 TOTAL LIABILITIES


 *) Disajikan kembali, lihat Catatan 51                                                                                                     *) Restated, see Note 51
 *) Direklasifikasi, lihat Catatan 52                                                                                                   *) Reclassified, see Note 52




Catatan terlampir merupakan bagian yang tidak terpisahkan dari                                                 The accompanying notes from an integral part of these
laporan keuangan konsolidasian secara keseluruhan.                                                                consolidated financial statements taken as a whole.
                                                                                2
Page 836
PT JASA MARGA (PERSERO) Tbk                                                                           PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                      AND SUBSIDIARIES
LAPORAN POSISI KEUANGAN KONSOLIDASIAN                                          CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
                                                                               2B




31 Desember 2025 dan 2024
                                                                                                                                                                     3B1




                                                                                                            December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                         (Expressed in millions of Rupiah, unless otherwise stated)


                                                      Catatan/
                                                       Notes      2025         2024 *)            2023 *)

 EKUITAS                                                                                                                                                    EQUITY
 Ekuitas yang Dapat Diatribusikan                                                                                                           Equity Attributable to
  kepada Pemilik Entitas Induk                                                                                                    Owners of the Parent Entity
    Modal saham - nilai nominal Rp500                                                                                         Capital stock - Rp500 par value
       (rupiah penuh) per saham                                                                                                     (full amount) per share
    Modal dasar 19.040.000.000 saham                                                                                     Authorized - 19,040,000,000 shares
    Modal ditempatkan dan disetor                                                                                          Issued and fully paid - 1 series A
       penuh - 1 saham seri A Dwiwarna                                                                                                 Dwiwarna share and
       dan 7.257.871.199 saham seri B                    31        3.628.936        3.628.936      3.628.936               7,257,871,199 series B shares
    Tambahan modal disetor - neto                        32        3.997.085        3.997.085      3.997.085                   Additional paid in capital - net
    Selisih atas transaksi entitas                                                                                           Difference from non-controlling
       non-pengendali                                              1.955.333        1.955.333        (58.004)                            interest transaction
    Saldo laba                                                                                                                               Retained earnings
       Telah ditentukan penggunaannya                              8.971.304    8.971.304          8.971.304                                    Appropriated
       Belum ditentukan penggunaannya                             20.481.497   17.955.853         13.697.655                                 Unappropriated
    Penghasilan komprehensif lain:                                                                                             Other comprehensive income:
       Kerugian yang belum direalisasi                                                                                                   Unrealized loss on
          dari aset keuangan pada nilai wajar                    (1.352.992)        (1.344.089)   (1.166.806)               financial assets at fair value
  Pengukuran nilai wajar                                                                                                              Measurement of fair value
  derivatif lindung nilai arus kas                                         -                 -       (50.677)                     derivative for cashflow hedge
       Pengukuran kembali liabilitas imbalan                                                                                   Remeasurements of long-term
          kerja jangka panjang                           2.p     (1.325.549)        (1.130.887)   (1.134.999)                   employee benefits liability
  Diatribusikan kepada                                                                                                                Net Equity Attributable to
    Pemilik Entitas Induk                                         36.355.614        34.033.535     27.884.494                     Owners of the Parent Entity
     Kepentingan Non-Pengendali                         34.a      26.006.103        24.799.706     11.843.340                        Non-Controlling Interests
 TOTAL EKUITAS                                                    62.361.717        58.833.241     39.727.834                                       TOTAL EQUITY

 TOTAL LIABILITAS DAN                                                                                                                 TOTAL LIABILITIES AND
  EKUITAS                                                        159.995.285   148.716.520        134.732.001                                      EQUITY


 *) Disajikan kembali, lihat Catatan 51                                                                                                 *) Restated, see Note 51
 *) Direklasifikasi, lihat Catatan 52                                                                                               *) Reclassified, see Note 52




Catatan terlampir merupakan bagian yang tidak terpisahkan dari                                              The accompanying notes from an integral part of these
laporan keuangan konsolidasian secara keseluruhan.                                                             consolidated financial statements taken as a whole.
                                                                          3
Page 837
PT JASA MARGA (PERSERO) Tbk                                                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                  AND SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN                                                                      CONSOLIDATED STATEMENTS OF PROFIT
KOMPREHENSIF LAIN KONSOLIDASIAN                                                                 OR LOSS AND OTHER COMPREHENSIVE INCOME
Untuk Tahun-tahun yang Berakhir pada                                                                                             For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                       December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                     (Expressed in millions of Rupiah, unless otherwise stated)

                                                          Catatan/
                                                           Notes             2025               2024 *)

PENDAPATAN                                                                                                                                            REVENUES
Pendapatan tol                                              2.t, 35         18,153,333           17,222,334                               Toll operating revenues
Pendapatan usaha lainnya                                    2.t, 35          1,657,891            1,511,810                              Other operating revenues
Pendapatan konstruksi                                     2.t,3.a, 36       10,079,023           13,021,772                                 Construction revenue
Total                                                                       29,890,247           31,755,916                                                    Total
BEBAN POKOK PENDAPATAN                                                                                                                     COST OF REVENUES
Beban tol dan usaha lainnya                           2.t, 12, 13, 14, 37    (8,082,117)         (7,495,137)                   Toll and other operating expenses
Beban konstruksi                                             2.t, 36        (10,021,420)        (12,949,812)                                Construction expense
Total                                                                       (18,103,537)        (20,444,949)
LABA BRUTO                                                                   11,786,710          11,310,967                                       GROSS PROFIT

Penghasilan keuangan                                         2.t, 39            296,641             267,647                                       Finance income
Penghasilan lain-lain                                        2.t, 40            250,941             260,947                                          Other income
Beban umum dan administrasi                           2.t, 11, 14, 22, 38    (2,482,336)         (2,334,415)               General and administrative expenses
Beban lain-lain                                            2.r, 2.t, 40        (152,155)           (168,286)                                       Other expenses
Beban pajak atas penghasilan keuangan                        2.o, 39            (53,343)            (47,759)                      Tax expense of finance income
Kerugian dari nilai wajar investasi jangka pendek              1.g                    -            (144,002)         Loss on fair value of short-term investments
Keuntungan dari Nilai Wajar Kombinasi                                                                                          Gain from Fair Value of Stepwise
  Bisnis Bertahap                                            1.g                        -          186,407                              Business Combination
Keuntungan dari pembelian dengan diskon                      1.g                        -          176,271                             Gain on bargain purchase
LABA USAHA                                                                    9,646,458           9,507,777                       PROFIT FROM OPERATIONS
Biaya keuangan                                           2.q, 2.r, 41        (3,603,869)         (4,026,337)                                  Finance costs - net
Bagian atas laba neto entitas asosiasi dan                                                                                    Share in net gain of associates and
  dan ventura bersama                                      2.h, 10             311,233             281,845                                        joint ventures
LABA SEBELUM PAJAK PENGHASILAN                                               6,353,822            5,763,285                      PROFIT BEFORE INCOME TAX
BEBAN (MANFAAT) PAJAK PENGHASILAN                                                                                          INCOME (BENEFIT) TAX EXPENSE
  Kini                                                    2.o, 18.c          (1,135,987)           (962,010)                                            Current
  Tangguhan                                               2.o, 18.c            (410,831)            804,360                                            Deferred
TOTAL BEBAN (MANFAAT) PAJAK                                                                                                    TOTAL INCOME (BENEFIT) TAX
  PENGHASILAN                                                                (1,546,818)           (157,650)                                         EXPENSE
LABA TAHUN BERJALAN                                                           4,807,004           5,605,635                              PROFIT FOR THE YEAR
BEBAN KOMPREHENSIF LAIN                                                                                                  OTHER COMPREHENSIVE EXPENSE
Pos-pos yang tidak akan direklasifikasi                                                                                       Items that will not be reclassified
  ke laba rugi tahun berikutnya                                                                                          to profit or loss in subsequent year
  Pengukuran kembali liabilitas imbalan                                                                                          Remeasurements of long-term
    kerja jangka panjang                                                      (228,871)               5,010                        employee benefits liability
  Keuntungan (rugi) yang belum direalisasi dari                                                                       Unrealized gain (loss) on other financial
    aset keuangan lainnya pada nilai wajar                    16                (15,644)              1,436                     assets measured at fair value
  Bagian atas laba (rugi) komprehensif lain atas                                                                   Share in other comprehensive gain (loss) of
    asosiasi dan ventura bersama                                                     (161)            (649)                     associates and joint ventures
  Pajak penghasilan terkait                                  18.c                  39,856           42,867                                          Related tax
  Subtotal pos-pos yang tidak akan                                                                                     Subtotal Item that will not be reclassified
    direklasifikasi ke laba rugi tahun berikutnya          2.p, 30            (204,820)             48,664                to profit and loss in subsequent year
Pos-pos yang akan direklasifikasi                                                                                         Item that will be reclassified to profit
  ke laba rugi tahun berikutnya                                                                                                  and loss in subsequent year
  Keuntungan yang belum direalisasi                                                                                   Unrealized gain on short term investment
     investasi jangka pendek pada nilai wajar                 5                     1,405          (383,555)                          measured at fair value
  Penyesuaian reklasifikasi atas                                                                                                Reclassification adjustment on
    Investasi jangka pendek diukur nilai wajar               1.g                        -          144,002      short term investment measured at fair value
  Pengukuran nilai wajar                                                                                                            Measurement of fair value
    derivatif lindung nilai arus kas                     2.q, 2.r, 3.b                  -           53,555                     derivative for cashflow hedge
  Pajak penghasilan terkait                                  18.c                    (518)             (38)                                         Related tax
  Subtotal pos-pos yang akan direklasifikasi                                                                       Subtotal Item that will be reclassified to profit
    ke laba rugi tahun berikutnya                                                    887           (186,036)                       and loss in subsequent year
BEBAN KOMPREHENSIF LAIN                                                                                                   OTHER COMPREHENSIVE EXPENSE
 TAHUN BERJALAN                                                               (203,933)            (137,372)                           FOR THE YEAR
TOTAL PENGHASILAN                                                                                                           TOTAL COMPREHENSIVE INCOME
  KOMPREHENSIF TAHUN BERJALAN                                                4,603,071            5,468,263                             FOR THE YEAR
Laba tahun berjalan yang dapat                                                                                                                 Profit for the year
  diatribusikan kepada:                                                                                                                         attributable to:
  Pemilik entitas induk                                                      3,659,535            4,533,007                          Owners of the parent entity
  Kepentingan non-pengendali                                                 1,147,469            1,072,628                            Non-controlling interest
TOTAL                                                                        4,807,004            5,605,635                                                TOTAL
Total penghasilan komprehensif tahun                                                                                 Total comprehensive income for the year
  berjalan yang dapat diatribusikan kepada:                                                                                                 attributable to:
  Pemilik entitas induk                                                      3,455,970            4,414,990                      Owners of the parent entity
  Kepentingan non-pengendali                                 34.b            1,147,101            1,053,273                         Non-controlling interest
TOTAL                                                                        4,603,071            5,468,263                                            TOTAL
LABA PER SAHAM (RUPIAH PENUH)                              2.s, 42                   504                  625         EARNINGS PER SHARE (FULL RUPIAH)
*) Disajikan kembali, lihat Catatan 51                                                                                                    *) Restated, see Note 51
*) Direklasifikasi, lihat Catatan 52                                                                                                  *) Reclassified, see Note 52

 Catatan terlampir merupakan bagian yang tidak terpisahkan dari                                                 The accompanying notes from an integral part of these
 laporan keuangan konsolidasian secara keseluruhan.                                                                consolidated financial statements taken as a whole.
                                                                               4
Page 838
PT JASA MARGA (PERSERO) Tbk                                                                                                                                                                                                                                                                                                               PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                                                                                                                                                                                                                                         AND SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN                                                                                                                                                                                                                                                                           CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
31 Desember 2025 dan 2024                                                                                                                                                                                                                                                                                                                       December 31, 2025 and 2024
(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
                                                                                                                                                                                               Penghasilan (Beban) Komprehensif Lain/ Other Comprehensive Income (Loss)
                                                                                                                                                                                          Keuntungan
                                                                                                                                                                                           (Kerugian)              Pengukuran             Pengukuran
                                                                                                Selisih Atas                                                                              yang Belum                  Kembali             Nilai Wajar                Total          Total Ekuitas
                                                                                                  Transaksi                                                                              Direalisasi dari            Liabilitas            Derivatif            Penghasilan          yang Dapat
                                                          Modal                                 Entitas Non-                                                                            Aset Keuangan             Imbalan Kerja          Lindung Nilai            (Beban)           Diatribusikan
                                                      Ditempatkan          Tambahan             Pengendali/                                                                            pada Nilai Wajar/         Jangka Panjang/           Arus Kas/           Komprehensif        kepada Pemilik
                                                       dan Disetor            Modal              Difference                      Saldo Laba/ Retained Earnings                            Unrealized            Remeasurements          Measurement of               Lain/          Entitas Induk/
                                                          Penuh/          Disetor - neto/        from Non-              Telah               Belum                                         Gain (Loss)              of Long-term          Fair Value of           Total Other         Total Equity          Kepentingan
                                                       Issued and          Additional           Controlling          Ditentukan           Ditentukan                                      on Financial               Employee              Derivative          Comprehensive        Atributable to       Non-Pengendali/           Total
                                           Catatan/     Fully Paid           Paid in               Interest        Penggunaannya/       Penggunaannya/             Total/                  Assets at                  Benefits           for Cashflow              Income           Owners of the        Non-Controlling         Ekuitas/
                                            Notes     Share Capital       Capital - net         Transaction         Appropriated        Unappropriated             Total                   Fair Value                 Liability              Hedge                  (Loss)          Parent Entity           Interests          Total Equity
Saldo tanggal 1 Januari 2024                                                                                                                                                                                                                                                                                                                                      Balance as of January 1, 2024
  (sebelum disajikan kembali)                               3.628.936            3.997.085              (51.064)          8.971.304            13.697.655            22.668.959              (1.166.806)             (1.134.999)                (50.677)             (2.352.482)         27.891.434            11.019.769           38.911.203                                 (before restated)
  Dampak dari Bisnis Kombinasi                                                                                                                                                                                                                                                                                                                                       Impact on common control
    entitas Sepengendali                                              -                     -            (6.940)                  -                     -                     -                       -                       -                       -                        -              (6.940)             823.571              816.631                          business combination
Saldo tanggal 1 Januari 2024                                                                                                                                                                                                                                                                                                                                      Balance as of January 1, 2024
  (disajikan kembali)                                       3.628.936            3.997.085              (58.004)          8.971.304            13.697.655            22.668.959              (1.166.806)             (1.134.999)                (50.677)             (2.352.482)         27.884.494            11.843.340           39.727.834                                         (restated)
  Pembagian dividen                           33                      -                     -                  -                  -              (274.809)             (274.809)                      -                       -                       -                        -           (274.809)             (150.196)            (425.005)                          Distribution of dividend
  Laba (rugi) tahun berjalan                  42                      -                     -                  -                  -             4.533.007             4.533.007                       -                       -                       -                        -          4.533.007             1.072.628            5.605.635                           Profit (loss) for the year
  Setoran modal dari                                                                                                                                                                                                                                                                                                                                                         Capital contribution
    entitas non-pengendali                                                                                                                                                                                                                                                                                                                                                from non-controlling
    kepada entitas anak                                               -                     -                  -                  -                     -                         -                   -                       -                       -                        -                     -          3.149.486            3.149.486                         interest in subsidiaries
  Akuisisi saham entitas sepengendali       1.f, 50                   -                     -                  -                  -                     -                         -                   -                       -                       -                        -                     -             (9.659)              (9.659)     Acquisition of shares of controlling entities
  Pelepasan saham anak perusahaan                                     -                     -                  -                  -                     -                         -                   -                       -                       -                        -                     -          6.200.042            6.200.042           Disposal of Subsidiary Entities Shares
  Selisih nilai transaksi                                                                                                                                                                                                                                                                                                                                Difference in value of transaction with
    non-pengendali                            34                      -                     -         2.013.337                   -                     -                         -                   -                       -                       -                        -          2.013.337             2.724.515            4.737.852                         non-controlling interest
  Penghasilan komprehensif lain:                                                                                                                                                                                                                                                                                                                                 Other comprehensive income:
    Pengukuran kembali liabilitas                                                                                                                                                                                                                                                                                                                              Remeasurements of long-term
      imbalan kerja jangka panjang                                    -                     -                  -                  -                     -                         -                   -                  4.338                        -                  4.338                4.338                  671                 5.009                  employee benefits liability
    Efek Pajak Terkait                                                -                     -                  -                  -                     -                         -                   -                    358                        -                    358                  358                     1                     359                              Related Tax
    Bagian atas laba (rugi) komprehensif                                                                                                                                                                                                                                                                                                             Share in other comprehensive
     lain atas asosiasi dan                                                                                                                                                                                                                                                                                                                                              gain (loss)
     ventura bersama -                                                                                                                                                                                                                                                                                                                                      associates and joint ventures -
      Pengukuran kembali liabilitas                                                                                                                                                                                                                                                                                                                         Remeasurements of long-term
      imbalan kerja jangka panjang                                    -                     -                  -                  -                     -                     -                       -                   (584)                       -                   (584)                (584)                  (65)                (649)                  employee benefits liability
    Keuntungan (kerugian) yang
      belum direalisasi dari aset                                                                                                                                                                                                                                                                                                                                   Unrealized gain (loss) on
      keuangan pada nilai wajar                                       -                     -                  -                  -                     -                         -            (214.572)                      -                       -               (214.572)            (214.572)              (23.544)            (238.116)                financial assets at fair value
    Efek Pajak Terkait                                                -                     -                  -                  -                     -                         -             37.289                        -                       -                 37.289               37.289                 5.181               42.470                                     Related Tax
    Pengukuran nilai wajar derivatif                                                                                                                                                                                                                                                                                                                               Measurement of fair value
      lindung nilai arus kas                                          -                     -                  -                  -                     -                         -                   -                       -                 55.154                  55.154               55.154                (1.599)              53.555                derivative for cashflow hedge
    Penghentian pengakuan instrumen                                                                                                                                                                                                                                                                                                                              measurement of fair value
      derivatif                                                       -                     -                  -                  -                     -                     -                       -                       -                  (4.477)                 (4.477)              (4.477)             (11.095)             (15.572)                 Derecognition of Derivative
Saldo tanggal 31 Desember 2024                              3.628.936            3.997.085            1.955.333           8.971.304            17.955.853            26.927.157              (1.344.089)             (1.130.887)                      -              (2.474.976)         34.033.535            24.799.706           58.833.241                 Balance as of December 31, 2024
Saldo tanggal 31 Desember 2024                              3.628.936            3.997.085            1.955.333           8.971.304            17.955.853            26.927.157              (1.344.089)             (1.130.887)                      -              (2.474.976)         34.033.535            24.799.706           58.833.241                 Balance as of December 31, 2024
  Pembagian dividen                           33                      -                     -                  -                  -            (1.133.891)           (1.133.891)                      -                       -                       -                        -          (1.133.891)            (813.196)          (1.947.087)                          Distribution of dividend
  Laba (rugi) tahun berjalan                  42                      -                     -                  -                  -             3.659.535             3.659.535                       -                       -                       -                        -          3.659.535             1.147.469            4.807.004                           Profit (loss) for the year
  Setoran modal dari                                                                                                                                                                                                                                                                                                                                                         Capital contribution
    entitas non-pengendali                                                                                                                                                                                                                                                                                                                                                from non-controlling
    kepada entitas anak                                               -                     -                  -                  -                     -                         -                   -                       -                       -                        -                     -            872.492              872.492                         interest in subsidiaries
  Penghasilan komprehensif lain:                                                                                                                                                                                                                                                                                                                                 Other comprehensive income:
    Pengukuran kembali liabilitas                                                                                                                                                                                                                                                                                                                              Remeasurements of long-term
      imbalan kerja jangka panjang                                    -                     -                  -                  -                     -                         -                   -               (228.539)                       -               (228.539)            (228.539)                 (332)            (228.871)                 employee benefits liability
    Efek Pajak Terkait                                                -                     -                  -                  -                     -                         -                   -                 33.877                        -                 33.877               33.877                     9               33.886                                     Related Tax
    Bagian atas laba (rugi) komprehensif
      lain atas asosiasi dan                                                                                                                                                                                                                                                                                                                        Share in other comprehensive gain (loss)
      ventura bersama -                                                                                                                                                                                                                                                                                                                                     associates and joint ventures -
      Pengukuran kembali liabilitas                                                                                                                                                                                                                                                                                                                            Remeasurements of long-term
      imbalan kerja jangka panjang                                    -                     -                  -                  -                     -                     -                       -                       -                       -                        -                     -               (161)                (161)                  employee benefits liability
    Keuntungan (kerugian) yang
      belum direalisasi dari aset                                                                                                                                                                                                                                                                                                                                   Unrealized gain (loss) on
      keuangan pada nilai wajar                                       -                     -                  -                  -                     -                         -             (14.355)                      -                       -                (14.355)              (14.355)                116               (14.239)                financial assets at fair value
    Efek Pajak Terkait                                                -                     -                  -                  -                     -                         -               5.452                       -                       -                  5.452                 5.452                       -             5.452                                 Related Tax
Saldo tanggal 31 Desember 2025                              3.628.936            3.997.085            1.955.333           8.971.304            20.481.497            29.452.801              (1.352.992)             (1.325.549)                      -              (2.678.541)         36.355.614            26.006.103           62.361.717                 Balance as of December 31, 2025
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari                                                                                                                                                          The accompanying notes from an integral part of these consolidated financial statements taken as a whole.
laporan keuangan konsolidasian ini secara keseluruhan.
                                                                                                                                                                                           5
Page 839
PT JASA MARGA (PERSERO) Tbk                                                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                AND SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN                                                                 CONSOLIDATED STATEMENTS OF CASHFLOWS
31 Desember 2025 dan 2024                                                                                             December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                   (Expressed in millions of Rupiah, unless otherwise stated)

                                                       Catatan/
                                                        Notes             2025              2024 *)
ARUS KAS DARI AKTIVITAS OPERASI                                                                                      CASH FLOWS FROM OPERATING ACTIVITIES
Penerimaan kas dari pendapatan tol                  6, 29, 35, 45.a       18.076.300          17.242.263                         Cash receipts from toll revenues
Penerimaan kas dari pendapatan lainnya                    35               1.796.367           1.633.593                       Cash receipts from other revenues
                                                    8,17,18,19, 20,
Pembayaran kepada pemasok                                                  (4.860.128)         (4.626.176)                                       Cash paid to suppliers
                                                        37, 38
Pembayaran kepada karyawan                           18,30,37, 38         (2.602.998)         (2.503.349)                                  Cash paid to employees
Pembayaran biaya pelapisan ulang                         29,38              (855.787)           (786.313)                                       Payment of overlay
Kas Neto Diperoleh dari Operasi                                           11.553.754          10.960.018                       Net Cash Generated from Operations
Pembayaran pajak penghasilan                           18, 37, 38          (2.535.745)         (1.252.856)                                   Payment of income taxes
Penerimaan bunga                                           39                 215.173             219.888                                Receipts from interest income
Pembayaran bunga                                         22, 41            (3.571.954)         (4.023.507)                                        Payment of interests
Kas Bersih yang Diperoleh dari                                                                                                                 Net Cash Provided by
  Aktivitas Operasi                                                        5.661.228           5.903.543                                      Operating Activities

ARUS KAS DARI AKTIVITAS INVESTASI                                                                                     CASH FLOWS FROM INVESTING ACTIVITIES
Dampak kombinasi bisnis                                   1.g                       -             50.011                              Impact of business combination
Penambahan hak pengusahaan jalan tol                      13              (12.942.058)       (12.577.424)                   Acquisitions of toll road concession rights
Penambahan aset takberwujud lainnya                       14                  (21.219)           (14.044)                       Acquisitions of other intangible assets
Pengembalian kelebihan pembayaran                                                                                                              Return of overpayment of
  Hak pengusahaan jalan tol                              6, 13                   16.720                  -                                toll road concession rights
(Penurunan) Penambahan piutang talangan                                                                                     (Decrease) Addition of land bridging fund
   tanah kepada Pemerintah - neto                          6                     13.822            39.479                                     to the Government - net
Pencairan (penempatan) dana dibatasi                                                                                            Disbursement (additional) of restricted
  penggunaannya - neto                                     9                (199.544)            130.635                                                     fund - net
Penambahan investasi asosiasi dan                                                                                                              Addition of investment in
  ventura bersama                                         10                  (10.793)             (4.394)                             associates and joint ventures
Pengembalian uang muka setoran modal                                                                                                  Return of advance payments for
  investasi asosiasi dan ventura bersama                  17.c                35.126                    -               investment in associates and joint ventures
Penambahan aset tetap                                      11               (123.924)            (124.970)                                 Acquisitions of fixed assets
Penerimaan atas penjualan aset tetap                       11                    447                    -                       Proceeds from disposal of fixed assets
Perolehan properti investasi                               12                (56.938)            (262.942)                         Acquisitions of property investment
Penambahan uang muka setoran modal                                                                                                   Addition of advance payments for
  aset keuangan                                           17                           -           (2.457)                 capital investment in financial assets
Penerimaan dividen atas                                                                                                            Receipt of dividends on investment
  investasi asosiasi dan ventura bersama                  10                     48.520             5.406                  in associates and joint ventures - net
Penerimaan dividen atas aset keuangan                     39                     15.648            14.690                     Receipt of dividends on financial assets
Penambahan aset tidak lancar lainnya                      17                          -              (402)                     Acquisitions of other non-current assets
Pelepasan investasi jangka pendek                          5                      6.384                 -                            Disposal of short-term investment
Penambahan investasi jangka pendek                         5                     (6.384)         (654.772)                           Addition of short-term investment
Kas Neto yang Digunakan untuk                                                                                                                         Net Cash Used in
  Aktivitas Investasi                                                     (13.224.193)       (13.401.184)                                         Investing Activities

ARUS KAS DARI AKTIVITAS                                                                                                           CASH FLOWS FROM FINANCING
  PENDANAAN                                                                                                                                             ACTIVITIES
Penerimaan utang bank                                     23              25.856.200          18.590.268                                    Proceeds from bank loans
Penerimaan utang lembaga keuangan                                                                                                    Proceeds from non-bank financial
  bukan bank                                              24                  78.000           1.821.085                                             institution loan
Penerimaan utang Obligasi                                 25               1.000.000             932.350                                         Proceeds from bonds
Penerimaan dari pelepasan saham                                                                                                   Proceeds from divestment of shares
  PT Jasamarga Transjawa Tol                              34                           -      12.825.000                               PT Jasamarga Transjawa Tol
Penerimaan dari penerbitan saham                                                                                                 Proceeds from issuance of shares in
  di PT Transjawa Tol oleh                                                                                                             PT Jasamarga Transjawa Tol
  pihak non-pengendali                                    34                           -       2.500.000                                 by non-controlling interests
Penerimaan dari penerbitan saham di entitas                                                                                    Proceeds from issuance of shares in a
  anak oleh pihak non-pengendali                                              872.492            657.011                   subsidiaries by non-controlling interests
Pembayaran utang bank                                     23              (16.092.653)       (25.344.309)                                     Payments of bank loans
Pembayaran utang lembaga keuangan                                                                                                      Payments of non-bank financial
  bukan bank                                              24                (350.000)          (2.657.187)                                           institution loan
Pembayaran utang obligasi                                 25                (286.000)                   -                                           Payment of bonds
Pembayaran liabilitas pembebasan tanah                    26                    (716)            (898.942)                      Payment of land acquisition liabilities
Pembayaran liabilitas sewa                                27                (114.610)             (75.815)                                   Payment of lease liability
Pembayaran dividen kas kepada pemegang                                                                                                    Payment of dividends to the
  saham perusahaan                                        33               (1.133.891)           (274.809)                                  company's shareholders
Pembayaran dividen kas kepada pemegang                                                                                                    Payment of dividends to the
  saham nonpengendali entitas anak                                          (638.196)            (150.196)              non-controlling shareholders of a subsidiary
Kas Neto yang Diperoleh dari                                                                                                                   Net Cash Provided by
  Aktivitas Pendanaan                                                      9.190.626           7.924.456                                       Financing Activities

KENAIKAN NETO                                                                                                                                 NET INCREASE IN
 KAS DAN SETARA KAS                                                        1.627.661             426.815                         CASH AND CASH EQUIVALENTS
KAS DAN SETARA KAS PADA                                                                                                         CASH AND CASH EQUIVALENTS AT
 AWAL TAHUN                                                4               5.123.252           4.696.437                              BEGINNING OF THE YEAR
KAS DAN SETARA KAS PADA                                                                                                         CASH AND CASH EQUIVALENTS AT
 AKHIR TAHUN                                               4               6.750.913           5.123.252                                        END OF YEAR

*) Disajikan kembali, lihat Catatan 51                                                                                                      *) Restated, see Note 51

Informasi Tambahan Terkait Arus Kas                                                                                      Additional Information Related to Cash Flows
   Disajikan pada Catatan 48                                                                                                                 is Presented in Note 48

 Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan                    The accompanying notes from an integral part of these consolidated financial
 keuangan konsolidasian secara keseluruhan.                                                                                               statements taken as a whole
                                                                                   6
Page 840
PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                           As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

1.   UMUM                                                        1.   GENERAL

     a. Pendirian Perusahaan                                          a. The Company’s Establishment

        PT Jasa Marga (Persero) Tbk (“Perusahaan”)                       PT Jasa Marga (Persero) Tbk (the “Company”)
        dibentuk berdasarkan Peraturan Pemerintah                        was established under the Government
        Republik Indonesia (“Pemerintah”) No. 4                          Regulation of the Republic of Indonesia (the
        Tahun 1978 tentang Penyertaan Modal Negara                       “Government”) No. 4 Year 1978 regarding the
        Republik     Indonesia      mengenai     pendirian               State Capital Investment for the establishment
        Perusahaan Perseroan (Persero) di bidang                         of a State-Owned Company (Persero) in the
        pengelolaan, pemeliharaan dan pengadaan                          area of management, maintenance and
        jaringan jalan tol, serta ketentuan-ketentuan                    development of toll roads, and the detailed
        pengusahaannya (Lembaran Negara Republik                         management regulations (State Gazette
        Indonesia No. 4 Tahun 1978 juncto Surat                          No. 4 Year 1978 in conjunction with the Decree
        Keputusan Menteri Keuangan Republik Indonesia                    of the Ministry of Finance of the Republic of
        No. 90/KMK.06/1978 tentang Penetapan Modal                       Indonesia No. 90/KMK.06/1978 regarding the
        Perusahaan,       tanggal 27 Februari 1978).                     Determination of the Share Capital of the
        Perusahaan didirikan berdasarkan Akta Notaris                    Company dated February 27, 1978). The
        Kartini Mulyadi, S.H., No. 1 tanggal 1 Maret 1978.               Company was established based on Notarial
        Akta pendirian disahkan oleh Menteri Kehakiman                   Deed No. 1 dated March 1, 1978 of Kartini
        Republik Indonesia dalam Surat Keputusan                         Mulyadi, S.H., The Deed of Establishment was
        No. Y.A.5/130/1 tanggal 22 Februari 1982 dan                     authorized by the Ministry of Justice of the
        didaftarkan di Kantor Pengadilan Negeri Jakarta                  Republic of Indonesia in its Decision Letter
        No. 766 dan 767, tanggal 2 Maret 1982 serta                      No. Y.A.5/130/1 dated February 22, 1982 and
        diumumkan dalam Lembaran Berita Negara                           was filed in Jakarta High Court No. 766 and 767
        Republik      Indonesia      No.    73     tanggal               on March 2, 1982 and was published in the State
        10 September 1982, tambahan No. 1138.                            Gazette No. 73 dated September 10, 1982,
                                                                         addition No. 1138.

        Anggaran dasar Perusahaan telah beberapa kali                    The Company's articles of association has been
        mengalami perubahan dengan perubahan                             amended several times, the last amendment of
        terakhir diaktakan dalam Akta Notaris                            which was under notarized under Notarial Deed
        No. 47 tanggal 24 Desember 2025 dari Notaris                     No. 47 dated December 24, 2025 from Notary Ir.
        Ir. Nanette Cahyanie Handari Adi Warsito, S.H.                   Nanette Cahyanie Handari Adi Warsito, S.H.
        dan surat pengesahan dari Kementerian Hukum                      and a letter of endorsement from the Ministry of
        dan Hak Asasi Manusia Republik Indonesia                         Law and Human Rights of the Republic of
        No.       AHU-AH.01.09-0032694         tanggal                   Indonesia No. AHU-AH.01.09-0032694 dated
        21 Januari 2026 mengenai perubahan Direksi                       January 21, 2026 regarding the change in
        dan Komisaris, Dewan Komisaris dan Direksi                       Directors and Commissioners, Boards of
        diungkapkan pada Catatan 1.d.                                    Commissioners and Directors are disclosed in
                                                                         the Note 1.d.

        Sesuai dengan Pasal 3 anggaran dasar                             According to Article 3 of the Company's articles
        Perusahaan, maksud dan tujuan usaha                              of association, its scope of business is mainly to
        Perusahaan adalah turut serta melaksanakan                       engage in performing and assisting the
        dan menunjang kebijaksanaan dan program                          Government's programs and policies in
        Pemerintah       di   bidang    ekonomi    dan                   economy sector and generally in national
        pembangunan nasional pada umumnya,                               development, especially in development of toll
        khususnya        pembangunan      di    bidang                   roads and all their supporting facilities while
        pengusahaan jalan tol dengan sarana                              complying to the principles of limited liability
        penunjangnya          dengan       menerapkan                    company.
        prinsip-prinsip perusahaan terbatas.




                                                             7
Page 841
PT JASA MARGA (PERSERO) Tbk                                                                              PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                  FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                         For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                             As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                (Expressed in millions of Rupiah, unless otherwise stated)

1.   UMUM (lanjutan)                                                               1.   GENERAL (continued)

     a.   Pendirian Perusahaan (lanjutan)                                               a.      The Company’s Establishment (continued)

          Untuk mencapai maksud dan tujuan tersebut,                                            To achieve these objectives, the Company
          Perusahaan melaksanakan kegiatan usaha                                                performs the following activities:
          sebagai berikut:
          (i) Melakukan             perencanaan     teknis,                                     (i)   Performs        technical    planning    for
                pelaksanaan konstruksi, pengoperasian                                                 construction,         operation       and/or
                dan/atau pemeliharaan jalan tol;                                                      maintenance of toll road;
          (ii) Mengusahakan lahan di ruang milik jalan                                          (ii) Organizes the land in toll road area
                tol (Rumijatol) dan lahan yang berbatasan                                             (Rumijatol) and the land along the
                dengan Rumijatol untuk tempat istirahat                                               Rumijatol designated for vehicle rest area
                kendaraan dan pelayanan berikut dengan                                                and service including the facilities and
                fasilitas-fasilitasnya dan usaha lainnya,                                             other businesses operating there either
                baik diusahakan sendiri maupun bekerja                                                separately or in cooperation with other
                sama dengan pihak lain; dan                                                           parties; and
          (iii) Menjalankan kegiatan dan usaha lain                                             (iii) Performs other activities and business in
                dalam       rangka      pemanfaatan    dan                                            order to utilize and develop the Company's
                pengembangan sumber daya yang dimiliki                                                resources, either directly or through
                Perusahaan, baik secara langsung                                                      investments, subject to laws and
                maupun melalui penyertaan, dengan                                                     regulations.
                memperhatikan peraturan perundang-
                undangan.

          Perusahaan     memulai     kegiatan                  usaha                           The Company started its commercial operations
          komersial pada tahun 1978.                                                           in 1978.

          Perusahaan         menjalankan       kegiatan                                        The Company runs its operations based on Law
          operasionalnya berdasarkan UU No. 38 Tahun                                           No. 38 Year 2004 about the Road and PP
          2004 tentang Jalan dan PP No. 15 Tahun 2005                                          No. 15 Year 2005 regarding Toll road
          tentang       Jalan      Tol.     Wewenang                                           management authority of the Government.
          penyelenggaraan jalan tol berada pada                                                Certain     Government      authority  in   the
          Pemerintah. Sebagian wewenang Pemerintah                                             administration of toll roads are implemented by
          dalam penyelenggaraan jalan tol dilaksanakan                                         the Indonesia Toll Road Authority (BPJT). Toll
          oleh Badan Pengatur Jalan Tol (BPJT).                                                road concession are granted to state-owned
          Pengusahaan jalan tol dilakukan oleh badan                                           enterprises and/or regional owned enterprises
          usaha milik negara dan/atau badan usaha milik                                        and/or private companies. Concession are
          daerah dan/atau badan usaha milik swasta.                                            granted by the Government to the business
          Pengusahaan jalan tol yang diberikan oleh                                            entities through transparent and open tender.
          Pemerintah kepada badan usaha dilakukan                                              The Company's head office is located at Plaza
          melalui pelelangan secara transparan dan                                             Tol Taman Mini Indonesia Indah, Jakarta
          terbuka.     Kantor     pusat    Perusahaan                                          13550. The Company operates 9 toll roads,
          berkedudukan di Plaza Tol Taman Mini                                                 which are managed by its two regions, with
          Indonesia Indah, Jakarta 13550. Perusahaan                                           details as follows:
          mengoperasikan 9 ruas jalan tol yang dikelola
          oleh dua regional dengan rincian sebagai
          berikut:

                                             Ruas Jalan Tol/           Panjang Jalan/          Mulai Konsesi (Tahun)/     Periode Masa Konsesi (Tahun)/
           Regional/ Regional
                                          Toll Road Sections            Length (KM)          Start of Consession (Year)     Concession Period (Year)
                                  Jakarta - Bogor - Ciawi                    59                         2005                           40
                                  Jakarta - Tangerang                         33                       2005                            40
                                  Prof. Dr. Ir. Sedyatmo                      14                       2005                            40
          Regional Jasamarga      Cawang - Tomang - Pluit                     24                       2005                            40
          Metropolitan Tollroad   Cikampek - Padalarang                       59                       2005                            40
          (RJMT)
                                  Padalarang - Cileunyi                       64                       2005                            40
                                  Ruas Lingkar Luar Jakarta
                                                                              36                       2005                            40
                                  (JORR Seksi Non S)
                                  Ulujami Pondok Aren                         14                       2005                            40
          Regional Jasamarga
                                  Belawan - Medan - Tanjung Morawa            43                       2005                            40
          Nusantara Tollroad




                                                                          8
Page 842
PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                          As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

1.   UMUM (lanjutan)                                            1.   GENERAL (continued)

     b.   Penawaran Umum Perusahaan                                  b.   The Company’s Initial Public Offering

          Pada tanggal 1 November 2007, Perusahaan                        On November 1, 2007, the Company received
          memperoleh pernyataan efektif dari Badan                        from the Chairman of the Capital Market
          Pengawas Pasar Modal - Lembaga Keuangan                         Supervisory Agency and Financial Institutions
          (Bapepam - LK), selanjutnya menjadi Otoritas                    (Bapepam - LK), currently known as the
          Jasa Keuangan Indonesia, melalui Surat                          Indonesian Financial Services Authority, in its
          No. S-5526/BL/2007      untuk    melakukan                      notice letter No. S-5526/BL/2007, which stated
          penawaran umum perdana saham (IPO)                              the effectivity to conduct an Initial Public
          sebanyak 2.040.000.000 saham atas nama                          Offering (IPO) of 2,040,000,000 Series B
          Seri B dengan nilai nominal Rp500 (Rupiah                       shares with par value of Rp500 (full Rupiah) of
          penuh) dengan harga penawaran sebesar                           the Company at an offering price per share of
          Rp1.700 (Rupiah penuh) per saham melalui                        Rp1,700 (full Rupiah) through capital market
          pasar modal dan dicatatkan pada Bursa Efek                      and registered both in the Jakarta and
          Jakarta dan Surabaya (selanjutnya digabung                      Surabaya Stock Exchanges (subsequently
          menjadi Bursa Efek Indonesia).                                  combined as the Indonesia Stock Exchange).

          Sejak penawaran umum perdana sampai                             Since its initial public offering until end of
          dengan akhir tahun pelaporan, Perusahaan                        reporting year, the Company has made the
          telah melakukan aksi korporasi sebagai berikut:                 following corporate actions:

          1.   Pembelian kembali saham Perusahaan                         1.   Buy back of the Company’s shares on
               pada 24 Oktober 2008 sampai dengan                              October 24, 2008 until January 12, 2009
               12 Januari 2009 dilakukan mengingat                             was done considering the condition of the
               kondisi pasar saham saat itu berpotensi                         stock market, indication of potential crisis
               krisis dimana Indeks Harga Saham                                where the Composite Stock Price Index
               Gabungan (IHSG) Bursa Efek Indonesia                            (CSPI) in Indonesia Stock Exchange (IDX)
               (BEI) menurun cukup signifikan sehingga                         significantly      decreased,      therefore
               memberikan peluang pada Perusahaan                              providing an opportunity for the Company
               untuk membeli kembali sahamnya dengan                           to buy back its shares subject to the ability
               memperhatikan kemampuan Perusahaan                              of    the     Company       and   applicable
               dan ketentuan yang berlaku. Perusahaan                          regulations. In this case, the Company was
               dalam hal ini dibantu oleh PT Bahana                            aided by PT Bahana Securities as its
               Securities sebagai Perusahaan Wakil                             Corporate Broker Securities Trading.
               Perantara Perdagangan Efek. Dana yang                           Funds issued by the Company to buy back
               dikeluarkan Perusahaan untuk membeli                            24,523,500 shares (Treasury Stock)
               kembali 24.523.500 lembar saham                                 amounted to Rp21,837.
               (Treasury Stock) sejumlah Rp21.837.

          2.   Sesuai dengan Poin 4D Peraturan                            2.   Based on Point 4D of Bapepam-LK
               Bapepam-LK      No.    KEP-105/BL/2010,                         Regulation No. KEP-105/BL/2010, XI.B2
               Peraturan XI.B2 perihal Pembelian                               Regulations regarding Buy Back Shares
               Kembali Saham yang dikeluarkan oleh                             issued by the Issuer or Public Company,
               Emiten atau Perusahaan Publik, maka                             therefore, the Company has reached the
               treasury stock tersebut telah memasuki                          maximum period of holding its treasury
               periode wajib menjual (sudah dikuasai                           stock (already held by the Company for 3
               Perusahaan selama 3 tahun) dan wajib                            years) and it was mandatory for resale.
               untuk dijual kembali. Perusahaan dalam                          The Company            was assisted by
               penjualan kembali saham Treasury                                PT Danareksa Sekuritas in the resale of
               dibantu oleh PT Danareksa Sekuritas.                            treasury shares. Sales period lasted from
               Masa penjualan berlangsung dari tanggal                         April 5, 2012 to June 25, 2012.
               5 April 2012 sampai dengan tanggal
               25 Juni 2012.




                                                            9
Page 843
PT JASA MARGA (PERSERO) Tbk                                                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                        FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                               For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                   As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                      (Expressed in millions of Rupiah, unless otherwise stated)

1.   UMUM (lanjutan)                                                                 1.     GENERAL (continued)

     b.    Penawaran Umum Perusahaan (lanjutan)                                             b.     The Company’s                    Initial    Public     Offering
                                                                                                   (continued)

           3.     Sesuai dengan berita acara rapat                                                  3.       In accordance to minutes of meeting
                  Perseroan yang dimuat dalam Akta Notaris                                                   contained in Notarial Deed No. 139 dated
                  No. 139 tanggal 29 Agustus 2016,                                                           August 29, 2016, shareholders of the
                  pemegang         saham       menyepakati                                                   Company agreed the increase of the
                  peningkatan modal ditempatkan dan                                                          Company's issued and fully paid capital
                  disetor Perseroan melalui Penawaran                                                        through Rights Issue. The corporate action
                  Umum Terbatas I dengan penerbitan Hak                                                      were authorized by the Financial Services
                  Memesan Efek Terlebih Dahulu (HMETD).                                                      Authorization      on        its     letter
                  Aksi korporasi Perusahaan telah disetujui                                                  No.         S-337/D.01/2016         dated
                  oleh Otoritas Jasa Keuangan dalam surat                                                    November 18, 2016, consequently the
                  No.        S-337/D.01/2016       tanggal                                                   Company's      share    increased     from
                  18 November 2016, sehingga jumlah                                                          6,800,000,000 to 7,257,871,200 shares.
                  saham Perusahaan meningkat dari                                                            The changes were stated on Notarial Deed
                  6.800.000.000 menjadi 7.257.871.200                                                        No. 39 dated December 20, 2016.
                  lembar saham. Perubahan jumlah saham
                  Perusahaan tersebut tertuang dalam Akta
                  Notaris No. 39 tanggal 20 Desember 2016.

                  Dana yang diperoleh Perusahaan akan                                                        Funds generated by the Company will be
                  digunakan untuk mendanai pembangunan                                                       used for the funding of toll road
                  jalan tol, khususnya tiga ruas jalan tol baru                                              construction, particularly for three new toll
                  yang akan dibangun, yaitu:                                                                 roads to be build, as follows:
                  a. Sekitar 50% untuk ruas Semarang -                                                       a. Approximately 50% for Semarang -
                      Batang sepanjang 75km;                                                                    Batang toll road round 75km;
                  b. Sekitar 30% untuk ruas Pandaan -                                                        b. Approximately 30% for Pandaan -
                      Malang sepanjang 37,6km; dan                                                              Malang toll road round 37.6km; and
                  c. Sekitar 20% untuk ruas Jakarta -                                                        c. Approximately 20% for Jakarta -
                      Cikampek II Elevated sepanjang                                                            Cikampek II Elevated round 36.4km.
                      36,4km.

     c.    Penawaran Umum Obligasi dan                              Surat                   c.     The Company’s Public                              Bonds      and
           Berharga Komersial Perusahaan                                                           Commercial Paper Offering

           Pada tanggal 31 Desember 2025 dan                                                       As   of    December     31,  2025     and
           31 Desember 2024, Perusahaan memiliki                                                   December 31, 2024, the Company had a total
           jumlah utang obligasi yang belum jatuh tempo                                            amount of outstanding bonds amounted to
           adalah     sebesar    Rp2.546.000     dengan                                            Rp2,546,000 as follows:
           rinciannya sebagai berikut:

                                                                                                    Tenor           Tanggal                Tanggal
                        Obligasi & Surat berharga/                                                 (Tahun/         Penerbitan/          Jatuh Tempo/
                        Bonds & Commercial Paper                    2025             2024           Years)       Issuance Date          Maturity Date        Status

          Obligasi Berkelanjutan II PT Jasa Marga 2020/
           Shelf Registration Bond II PT Jasa Marga 2020
                                                                                                                8 September 2020/     8 September 2025/      Lunas/
              - Seri B/ Series B                                            -          286.000        5
                                                                                                                September 8, 2020     September 8, 2025       Paid
                                                                                                                8 September 2020/     8 September 2027/   Belum Lunas/
              - Seri C/ Series C                                       90.050             90.050      7
                                                                                                                September 8, 2020     September 8, 2027   Not Yet Paid
                                                                                                                8 September 2020/     8 September 2030/   Belum Lunas/
              - Seri D/ Series D                                      523.600          523.600       10
                                                                                                                September 8, 2020     September 8, 2030   Not Yet Paid
          Obligasi Berkelanjutan III Tahap I PT Jasa Marga 2024/
           Shelf Registration Bond III Phase I PT Jasa Marga 2024
                                                                                                                    5 Juli 2024/          5 Juli 2027/    Belum Lunas/
              - Seri A/ Series A                                       90.155             90.155      3
                                                                                                                   July 5, 2024          July 5, 2027     Not Yet Paid
                                                                                                                    5 Juli 2024/          5 Juli 2029/    Belum Lunas/
              - Seri B/ Series B                                      241.055          241.055        5
                                                                                                                   July 5, 2024          July 5, 2029     Not Yet Paid
                                                                                                                    5 Juli 2024/          5 Juli 2034/    Belum Lunas/
              - Seri C/ Series C                                      601.140          601.140       10
                                                                                                                   July 5, 2024          July 5, 2034     Not Yet Paid




                                                                                10
Page 844
PT JASA MARGA (PERSERO) Tbk                                                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                              FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                            (Expressed in millions of Rupiah, unless otherwise stated)

1.   UMUM (lanjutan)                                                                        1.     GENERAL (continued)

     c.   Penawaran Umum Obligasi dan Surat                                                        c.      The Company’s Public Bonds and
          Berharga Komersial Perusahaan (lanjutan)                                                         Commercial Paper Offering (continued)

                                                                                                            Tenor        Tanggal                      Tanggal
                          Obligasi & Surat berharga/                                                       (Tahun/      Penerbitan/                Jatuh Tempo/
                          Bonds & Commercial Paper                      2025                2024            Years)    Issuance Date                Maturity Date       Status

            Obligasi Berkelanjutan III Tahap II PT Jasa Marga 2024/
             Shelf Registration Bond III Phase II PT Jasa Marga 2024
                                                                                                                     4 September 2025/           4 September 2028/   Belum Lunas/
                - Seri A/ Series A                                        120.000                120.000      3
                                                                                                                     September 4, 2025           September 4, 2028   Not Yet Paid
                                                                                                                     4 September 2025/           4 September 2030/   Belum Lunas/
                - Seri B/ Series B                                        100.000                100.000      5
                                                                                                                     September 4, 2025           September 4, 2030   Not Yet Paid
                                                                                                                     4 September 2025/           4 September 2035/   Belum Lunas/
                - Seri C/ Series C                                        780.000                780.000     10
                                                                                                                     September 4, 2025           September 4, 2035   Not Yet Paid
            Total                                                        2.546.000           2.832.000



     d.   Dewan Komisaris dan Direksi, Komite Audit                                                d.      Boards of Commissioners and Directors,
          serta Karyawan                                                                                   Audit Committee and Employees

          Susunan Dewan Komisaris dan                                  Direksi                             The composition of the Company’s Boards of
          Perusahaan adalah sebagai berikut:                                                               Commissioners and Directors was as follows:
                                                                                                     2025                                                  2024
          Dewan Komisaris/Board of Commissioners
            Komisaris Utama/ President Commissioner                                     Juri Ardiantoro                                      Mohammad Zainal Fatah
            Komisaris/ Commissioner                                                     Syamsul Bachri Yusuf                                 M. Roskanedi
            Komisaris/ Commissioner                                                     Asrorun Ni'am Sholeh                                 Raja Erizman
            Komisaris Independen/ Independent Commissioner                              Nachrowi Ramli                                       Chandra Wijaya
            Komisaris Independen/ Independent Commissioner                              Tedi Kurniawan                                       Seppalga Ahmad
            Komisaris Independen/ Independent Commissioner                              Rudi Antariksawan                                    Marsetio
            Komisaris Independen/ Independent Commissioner                              -                                                    Abdul Rachman


          Direksi/Directors
            Direktur Utama/ President Director                                          Rivan Achmad Purwantono                              Subakti Syukur
            Direktur Keuangan dan Manajemen Risiko/
               Finance and Risk Management Director                                     Pramitha Wulanjani                                   Pramitha Wulanjani
            Direktur Pengembangan Usaha/
              Business Development Director                                             Ari Respati                                          Mohamad Agus Setiawan
            Direktur Bisnis/ Business Director                                          Reza Febriano                                        Reza Febriano
            Direktur Operasi/ Operations Director                                       Fitri Wiyanti                                        Fitri Wiyanti
            Direktur Layanan/ Services Director                                         Yaya Ruhiya                                          -
            Direktur Human Capital &Transformasi/
               Director of Human Capital & Transformation                               Yoga Tri Anggoro                                     Bagus Cahya Arinta B.



          Susunan komite audit adalah sebagai berikut:                                                     The compositions of the audit committee are as
                                                                                                           follows:

                                                                                                  2025                                                    2024
            Komite Audit/ Audit Committee
              Ketua/ Chairman                                                        Seppalga Ahmad *                                    Chandra Wijaya
               Anggota/ Members                                                      Rudi Antariksawan                                   Seppalga Ahmad
               Anggota/ Members                                                      Siti Purnama Rizki                                  Siti Purnama Rizki
               Anggota/ Members                                                      Fibria Indriati Dwi Liestiawati                     -


               *) Catatan 53 / Note 53




                                                                                     11
Page 845
PT JASA MARGA (PERSERO) Tbk                                                                                                   PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                       FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                                              For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                                  As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                     (Expressed in millions of Rupiah, unless otherwise stated)

1.   UMUM (lanjutan)                                                                                1.       GENERAL (continued)
     d.   Dewan Komisaris dan Direksi, Komite Audit                                                          d.   Boards of Commissioners and Directors,
          serta Karyawan (lanjutan)                                                                               Audit    Committee  and    Employees
                                                                                                                  (continued)

          Susunan Sekretaris Perusahaan dan Ketua                                                                 The compositions of the Corporate Secretary
          Internal Audit adalah sebagai berikut:                                                                  and Head of the Internal Audit are as follows:

                                                                                                           2025                                                  2024
           Sekretaris Perusahaan/ Corporate Secretary                                               Ari Wibowo                                          Mohamad Agus Setiawan
           Ketua Internal Audit/ Head of the Internal Audit                                         Agung Laksana Pranata                               Agung Laksana Pranata

          Pada tanggal 31 Desember 2025 dan 2024,                                                                 As of December 31, 2025 and 2024, the
          Perusahaan dan entitas anak (selanjutnya                                                                Company and the subsidiaries (collectively
          secara bersama-sama disebut “Kelompok                                                                   referred to hereinafter as “the Group”) had
          Usaha”) memiliki 7.833 dan 7.919 karyawan.                                                              7,833 and 7,919 employees, respectively.

     e.   Entitas Anak yang Dikonsolidasikan                                                                 e.   Consolidated Subsidiaries

          Entitas anak yang dimiliki Perusahaan, secara                                                           The Company’s subsidiaries, directly owned,
          langsung, adalah sebagai berikut:                                                                       are as follows:

                                                                                                                                                           Total aset sebelum eliminasi
                                                                                                                                        Periode masa          (dalam jutaan rupiah)/
                                                                                Persentase kepemilikan/             Tahun operasi         konsesi         Total assets before elimination
                                                                               Percentage of ownership (%)        komersial/ Start of     (Tahun)/             (in millions of rupiah)
                   Entitas anak/           Aktivitas utama/        Domisili/                                         commercial          Concession
           No.     Subsidiaries            Principal activity      Domicile    2025                   2024            operations        period (Year)     2025                     2024

                 PT Jalantol
                 Lingkarluar Jakarta
                 (JLJ), berdiri
                                     Telah dilikuidasi/                                                            1 Oktober 2001/
           1.    tanggal 22                                         Bekasi       -                   99,99                                    -                        -                    19.235
                                     liquidated                                                                    October 1, 2001
                 Desember 2000/
                 established on
                 December 22, 2000


                 PT Marga Sarana        Pengusahaan ruas jalan
                 Jabar (MSJ), berdiri   tol Bogor Outer Ring
                                                                                                                  23 November 2009/
           2.    tanggal 11 Mei         Road/ Bogor Outer Ring       Bogor     55,00                 55,00                                   50               3.130.571                 3.338.289
                                                                                                                  November 23, 2009
                 2007/ established      Road toll road
                 on May 11, 2007        concession holder

                 PT Marga Trans
                 Nusantara (MTN),       Pengusahaan ruas jalan
                 berdiri tanggal 14     tol Kunciran - Serpong/    Tangerang                                      20 Desember 2019/
           3.                                                                  60,00                 60,00                                   35               3.781.236                 3.857.433
                 Mei 2008/              Kunciran - Serpong toll     Selatan                                       December 20, 2019
                 established on May     road concession holder
                 14, 2008

                 PT Jasamarga
                 Kunciran               Pengusahaan ruas jalan
                 Cengkareng (JKC),      tol Kunciran -
                                                                                                                  11 November 2021/
            4    berdiri tanggal 14     Cengkareng/ Kunciran -     Tangerang   88,67                 88,67                                   35               4.963.862                 5.074.118
                                                                                                                  November 11, 2021
                 Mei 2008/              Cengkareng toll road
                 established on May     concession holder
                 14, 2008


                                        Pengusahaan jasa
                                        konstruksi dan
                 PT Jasamarga
                                        Pemeliharaan jalan tol,
                 Tollroad
                                        jasa sewa peralatan tol,
                 Maintenance
                                        serta jasa sewa                                                           10 Februari 1989/
            5    (JMTM), berdiri                                    Jakarta    99,82                 99,82                                    -               2.853.051                 2.336.183
                                        kendaraan/ Services in                                                    February 10, 1989
                 tanggal 26 Agustus
                                        toll road construction
                 1988/ established
                                        and maintenance, toll
                 on August 26, 1988
                                        road equipments rental,
                                        and vehicles rental


                 PT Jasamarga Bali      Pengusahaan ruas jalan
                 Tol (JBT), berdiri     tol Nusa Dua - Tanjung
                                                                                                                   1 Oktober 2013/
            6    tanggal 22 Agustus     Benoa/ Nusa Dua -            Bali      64,44                 64,44                                   45               1.890.367                 1.893.221
                                                                                                                   October 1, 2013
                 2011/ established      Tanjung Benoa toll road
                 on August 22, 2011     concession holder


                 PT Jasamarga
                 Related Business
                 (JMRB), berdiri        Pengembangan bisnis
                                                                                                                   15 Januari 2013/
            7    tanggal 15 Januari     properti/ Business          Jakarta    99,94                 99,94                                    -               2.448.153                 2.411.059
                                                                                                                   January 15, 2013
                 2013/ established      development in property
                 on January 15,
                 2013




                                                                                           12
Page 846
PT JASA MARGA (PERSERO) Tbk                                                                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                                                For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                                    As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                       (Expressed in millions of Rupiah, unless otherwise stated)

1.   UMUM (lanjutan)                                                                                    1.     GENERAL (continued)

     e.   Entitas    Anak                        yang             Dikonsolidasikan                             e.   Consolidated Subsidiaries (continued)
          (lanjutan)

                                                                                                                                                           Total aset sebelum eliminasi
                                                                                                                                          Periode masa        (dalam jutaan rupiah)/
                                                                                  Persentase kepemilikan/             Tahun operasi         konsesi       Total assets before elimination
                                                                                 Percentage of ownership (%)        komersial/ Start of     (Tahun)/           (in millions of rupiah)
                  Entitas anak/          Aktivitas utama/          Domisili/                                           commercial          Concession
          No.     Subsidiaries           Principal activity        Domicile      2025                   2024            operations        period (Year)   2025                     2024

                PT Jasamarga
                                      Pengusahaan ruas jalan
                Kualanamu Tol
                                      tol Medan-Kualanamu-
                (JMKT), berdiri
                                      Tebing tinggi/ Medan-                                                         13 Oktober 2017/
           8    tanggal 25                                        Deli Serdang   55,00                 55,00                                   40             4.061.404                 4.085.376
                                      Kualanamu-Tebing                                                              October 13, 2017
                November 2014/
                                      tinggi toll road
                established on
                                      concession holder
                November 25, 2014


                PT Cinere Serpong
                                      Pengusahaan ruas jalan
                Jaya (CSJ), berdiri
                                      tol Serpong - Cinere/       Tangerang                                            2 Juni 2021/
           9    tanggal 10 Juli                                                  55,00                 55,00                                   35             3.452.664                 3.410.460
                                      Serpong - Cinere toll        Selatan                                             June 2, 2021
                2008/ established
                                      road concession holder
                on July 10, 2008


                PT Jasamarga
                Tollroad Operator
                                      Jasa pengoperasian
                (JMTO), berdiri                                                                                     31 Desember 2015/
          10                          jalan tol/ Toll road          Jakarta      99,98                 99,98                                    -             1.715.639                 1.497.552
                tanggal 21 Agustus                                                                                  December 31, 2015
                                      operation services
                2015/ established
                on August 21, 2015


                PT Jasamarga
                Manado Bitung         Pengusahaan ruas jalan
                (JMB), berdiri        tol Manado - Bitung/                                                          30 Oktober 2020/
          11                                                        Manado       64,97                 64,97                                   40             4.331.791                 4.439.742
                tanggal 6 Juni        Manado - Bitung toll                                                          October 30, 2020
                2016/ established     road concession holder
                on June 6, 2016

                PT Jasamarga
                Balikpapan            Pengusahaan ruas jalan
                Samarinda (JBS),      tol Balikpapan –
                                                                                                                      14 Juni 2020/
          12    berdiri tanggal 6     Samarinda/ Balikpapan       Balikpapan     67,39                 67,39                                   50             9.540.429                 9.613.550
                                                                                                                      June 14, 2020
                Juni 2016/            – Samarinda toll road
                established on        concession holder
                June 6, 2016

                PT Jasamarga
                Transjawa Tol         Pengusahaan ruas jalan
                (JTT), berdiri        tol Trans Jawa/ Trans                                                            2 Juni 2017/
          13                                                        Jakarta      65,00                 65,00                                    -            62.852.657               62.613.044
                tanggal 2 Juni        Jawa toll road                                                                   June 2, 2017
                2017/ established     concession holder
                on June 2, 2017


                PT Jasamarga
                                      Pengusahaan ruas jalan
                Japek Selatan
                                      tol Jakarta - Cikampek II
                (JJS), berdiri
                                      Sisi Selatan/ Jakarta -                                                       Tahap konstruksi/
          14    tanggal 29                                          Jakarta      92,33                 90,97                                   35            14.718.850               11.861.448
                                      Cikampek II South Side                                                        Under construction
                Desember 2017/
                                      toll road concession
                established on
                                      holder
                December 29, 2017


                PT Jasamarga
                                      Pengusahaan ruas jalan
                Probolinggo
                                      tol Probolinggo -
                Banyuwangi (JPB),
                                      Banyuwangi/                                                                   Tahap konstruksi/
          15    berdiri tanggal 29                                Probolinggo    98,47                 97,70                                   50             9.168.074                 6.416.386
                                      Probolinggo -                                                                 Under construction
                Desember 2017/
                                      Banyuwangi toll road
                established on
                                      concession holder
                December 29, 2017


                PT Jasamarga
                Jogja Bawen (JJB),    Pengusahaan ruas jalan
                berdiri tanggal 11    tol Yogyakarta - Bawen/                                                       Tahap konstruksi/
          16                                                      Yogyakarta     73,18                 74,09                                   40             8.235.231                 5.386.707
                November 2020/        Yogyakarta - Bawen toll                                                       Under construction
                established on        road concession holder
                November 11, 2020


                PT Jasamarga
                Akses Patimban
                                      Pengusahaan ruas jalan
                (JAP), berdiri                                                                                            Tahap
                                      tol Akses Patimban/
          17    tanggal 16 Januari                                  Subang       66,22                 62,04         pengembangan/             50             2.006.740                 1.764.844
                                      Akses-Patimban toll
                2023/ established                                                                                   Under development
                                      road concession holder
                on January 16,
                2023


                PT Jasamarga          Pengusahaan ruas jalan
                Jogja Solo (JMJ),     tol Solo-Yogyakarta-
                berdiri tanggal 9     NYIA Kulonprogo/ Solo-                                                        18 Oktober 2024/
          18                                                        Sleman       52,82                 52,82                                   40            11.978.018                 9.446.367
                September 2020/       Yogyakarta-NYIA                                                               October 18, 2024
                established on        Kulonprogo toll road
                September 9, 2020     concession holder




                                                                                               13
Page 847
PT JASA MARGA (PERSERO) Tbk                                                                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                             FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                                                   For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                                       As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                          (Expressed in millions of Rupiah, unless otherwise stated)

1.   UMUM (lanjutan)                                                                                     1.       GENERAL (continued)

     e.   Entitas Anak                            yang                Dikonsolidasikan                            e.   Consolidated Subsidiaries (continued)
          (lanjutan)

          Entitas anak yang dimiliki Perusahaan secara                                                                 The Company’s subsidiaries which indirectly
          tidak langsung melalui JMRB dan JTT adalah                                                                   owned through JMRB and JTT are as follows:
          sebagai berikut:
                                                                                                                                                              Total aset sebelum eliminasi
                                                                                                                                             Periode masa        (dalam jutaan rupiah)/
                                                                                     Persentase kepemilikan/             Tahun operasi         konsesi       Total assets before elimination
                                                                                   Percentage of ownership (% )        komersial/ Start of     (Tahun)/             (in million rupiah)
                     Entitas anak/           Aktivitas utama/          Domisili/                                          commercial          Concession
          No.        Subsidiaries            Principal activity        Domicile    2025                   2024             operations        period (Year)   2025                      2024

                                            Pembangunan
                                            properti yaitu
                                            perumahan, gedung
                PT Asiana Jakarta
                                            perkantoran, dan
                Properti (AJP), berdiri
                                            apartemen/                                                                 19 September 2012/
           1    tanggal 19 September                                    Jakarta    99,48                 99,48                                     -                709.902                    709.502
                                            Construction of                                                            September 19, 2012
                2012/ established
                                            property including
                on September 19, 2012
                                            residential, office
                                            building and
                                            apartment

                PT Jasamarga Restarea
                                            Pengelolaan tempat
                Batang (JRB), berdiri
                                            peristirahatan dan
                tanggal                                                                                                  1 Maret 2019/
           2                                pelayanan/                  Jakarta    89,08                 89,08                                     -                102.321                    104.773
                8 Januari 2019/                                                                                          March 1, 2019
                                            Rest area
                established
                                            management
                on January 8, 2019

                PT Jasamarga
                                            Pengusahaan ruas
                Surabaya Mojokerto
                                            jalan tol Surabaya -
                (JSM), berdiri tanggal 19                                                                               26 Agustus 2011/
           3                                Mojokerto/ Surabaya -      Sidoarjo    55,51                 55,51                                    42            4.731.631                  4.764.635
                Agustus 1994/                                                                                            August 26, 2011
                                            Mojokerto toll road
                established on August
                                            concession holder
                19, 1994

                PT Jasamarga Gempol         Pengusahaan ruas
                Pasuruan (JGP), berdiri     jalan tol Gempol -
                                                                                                                        3 Agustus 2017/
           4    tanggal 28 Juni 2010/       Pasuruan / Gempol -        Pasuruan    99,35                 99,35                                    50            3.550.373                  3.555.642
                                                                                                                         August 3, 2017
                established on June 28,     Pasuruan toll road
                2010                        concession holder

                PT Jasamarga Solo
                                            Pengusahaan ruas
                Ngawi (JSN), berdiri
                                            jalan tol Solo - Ngawi/                                                      26 Juni 2018/
           5    tanggal 24 Maret 2009/                                   Solo      59,53                 59,53                                    50            9.791.313                  9.832.963
                                            Solo - Ngawi toll road                                                       June 26, 2018
                established on March
                                            concession holder
                24, 2009


                PT Jasamarga Ngawi          Pengusahaan ruas
                Kertosono Kediri (JNK),     jalan tol Ngawi -
                                                                                                                          1 Mei 2018/
           6    berdiri tanggal 24 Maret    Kertosono/ Ngawi -          Madiun     59,60                 59,60                                    50            4.674.560                  4.705.555
                                                                                                                          May 1, 2018
                2009/ established on        Kertosono toll road
                March 24, 2009              concession holder



                PT Jasamarga                Pengusahaan ruas
                Semarang Batang             jalan tol Semarang -
                                                                                                                       12 November 2018/
           7    (JSB), berdiri tanggal 21   Batang/ Semarang -         Semarang    59,80                 59,80                                    50           12.492.605                 12.462.165
                                                                                                                       November 12, 2018
                April 2016/ established     Batang toll road
                on April 21, 2016           concession holder


                                            Sebagai special
                                            purpose company
                PT Lintas Marga Jawa        terkait pengelolaan
                (LMJ), berdiri tanggal 26   saham JSN, JNK, JSB/
                                                                                                                       26 Februari 2018/
           8    Februari 2018/              As a special purpose        Jakarta    99,99                 99,99                                     -            2.490.084                  2.454.605
                                                                                                                       February 26, 2018
                established on              company related to
                February 26, 2018           the management of
                                            JSB, JSN, JNK
                                            Shares

                                            Sebagai special
                                            purpose company
                PT Trans Optima Luhur
                                            terkait pengelolaan
                (TOL), berdiri tanggal
                                            saham JPT/ As a                                                             25 Maret 2019/
           9    25 Maret 2019/                                          Jakarta    99,99                 99,99                                     -            1.529.237                  1.207.397
                                            special purpose                                                             March 25, 2019
                established on March
                                            company related to
                25, 2019
                                            the management of
                                            JPT Shares

                PT Jasamarga Pandaan        Pengusahaan ruas
                Tol (JPT), berdiri          jalan tol Gempol -
                                                                                                                         12 Juni 2015/
          10    tanggal 25 September        Pandaan / Gempol -         Pandaan     93,79                 93,79                                    37            1.288.861                  1.284.792
                                                                                                                         June 12, 2015
                1996/ established on        Pandaan toll road
                September 25, 1996          concession holder




                                                                                                 14
Page 848
PT JASA MARGA (PERSERO) Tbk                                                             PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                             For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                 As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                    (Expressed in millions of Rupiah, unless otherwise stated)

1.   UMUM (lanjutan)                                                   1.   GENERAL (continued)

     f.   Perubahan Kepemilikan             Entitas        Anak             f. Changes in Ownership in Subsidiaries during
          selama Tahun Berjalan                                                The Year

          PT Jalantol Lingkarluar Jakarta (JLJ)                                PT Jalantol Lingkarluar Jakarta (JLJ)

          Berdasarkan Berita Acara Rapat Umum                                  Based on the Minutes of the Extraordinary
          Pemegang Saham Luar Biasa yang dimuat                                General Meeting of Shareholders contained in
          dalam Akta No. 11 tanggal 8 Mei 2024, oleh                           Deed No. 11 dated May 8, 2024, by Notary
          Notaris Siti Nur Isminingsih, S.H., M.Kn., di                        Siti Nur Isminingsih, S.H., M.Kn., in Bekasi, it has
          Bekasi, telah diputuskan untuk persetujuan                           been decided to approve the dissolution of
          pembubaran PT Jalantol Lingkarluar Jakarta                           PT Jalantol Lingkarluar Jakarta (JLJ) and the
          (JLJ) serta penunjukan Likuidator terkait                            appointment of a Liquidator related to the
          pembubaran JLJ dan Kantor Konsultan Hukum                            dissolution of JLJ and the Legal Consultant
          AYMP Law Firm.                                                       Office AYMP Law Firm.

          Berdasarkan Akta Notaris No.10 tanggal                               Based on Notarial Deed No. 10 dated
          26 Februari 2025 dari Notaris Siti Nur                               February 26, 2025 from Notary Siti Nur
          Isminingsih, S.H., M.Kn., di Bekasi, Perihal                         Isminingsih, S.H., M.Kn., in Bekasi, Regarding
          Penerimaan      dan  Persetujuan       Laporan                       the receipt and approval of the Liquidator's
          Pertanggungjawaban        Likuidator       dan                       Accountability Report and the Shareholders'
          Penerimaan Para Pemegang Saham atas                                  Acceptance of the Company's Remaining Asset
          Rencana Pembagian Sisa Harta Kekayaan                                Distribution Plan, JLJ distributed the liquidation
          Perseroan, JLJ membagikan hasil likuidasi                            proceeds to the Company amounting to
          kepada Perusahaan sebesar Rp19.250 yang                              Rp19,250 which was recorded as Other Income.
          dicatat sebagai Penghasilan lain-lain.

          Per 31 Desember 2025, proses pembubaran,                             As of December 31, 2025, the process of
          likuidasi, dan juga penyelesaian harta                               dissolution, liquidation, and settlement of JLJ's
          kekayaan JLJ telah selesai dilakukan oleh                            assets has been completed by the Liquidator.
          Likuidator.

          PT Jasamarga Jogja Bawen (JJB)                                       PT Jasamarga Jogja Bawen (JJB)

          Berdasarkan Akta Notaris No. 33 tanggal                              Based on Notary Deed No. 33 dated
          24 September 2025 dari Ir. Nanette Cahyanie                          September 24, 2025, from Ir. Nanette Cahyanie
          Handari Adi Warsito, SH. dan surat persetujuan                       Handari Adi Warsito, SH, and the approval letter
          dari Kementerian Hukum dan Hak Asasi                                 from the Ministry of Law and Human
          Manusia           Republik           Indonesia                       Rights of the Republic of Indonesia
          No. AHU-AH.01.03-0239107 Tahun 2025                                  No. AHU-AH.01.03-0239107 Year 2025 dated
          tanggal 29 September 2025, para pemegang                             September 29, 2025, the shareholders agreed to
          saham menyetujui untuk mengesahkan                                   ratify the increase in issued and paid-up capital
          peningkatan modal ditempatkan dan disetor                            amounting to Rp164,103, or 164,103 shares in
          sebesar Rp164.103 atau sebanyak 164.103                              cash by the Company, and Rp40,199, or 40,199
          lembar saham secara tunai oleh Perusahaan                            shares in cash by PT Adhi Karya (Persero) Tbk,
          dan sebesar Rp40.199 atau sebanyak 40.199                            so that the share ownership in JJB becomes as
          lembar saham secara tunai oleh PT Adhi Karya                         follows:
          (Persero) Tbk sehingga kepemilikan saham
          pada JJB menjadi sebagai berikut:

          1.    Perusahaan sebagai pemilik atas 732.172                         1.   The Company as the owner of 732,172
                lembar saham atau setara dengan                                      shares or equivalent to Rp732,172 which
                Rp732.172 yang mewakili 73,18% dari                                  represents 73.18% of the total shares that
                total seluruh saham yang telah diterbitkan                           have been issued in JJB;
                di JJB;

          2.    PT Adhi Karya (Persero) Tbk sebagai                             2.   PT Adhi Karya (Persero) Tbk as the owner
                pemilik atas 179.352 lembar saham atau                               of 179,352 shares or equivalent to
                setara dengan Rp179.352 yang mewakili                                Rp179,352 which represents 17.93% of the
                17,93% dari total seluruh saham yang                                 total shares that have been issued in JJB;
                telah diterbitkan di JJB;


                                                                  15
Page 849
PT JASA MARGA (PERSERO) Tbk                                                             PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                             For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                 As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                    (Expressed in millions of Rupiah, unless otherwise stated)

1.   UMUM (lanjutan)                                                   1.   GENERAL (continued)

     f.   Perubahan Kepemilikan Entitas                    Anak             f. Changes in Ownership in Subsidiaries during
          selama Tahun Berjalan (lanjutan)                                     The Year (continued)

          PT Jasamarga Jogja Bawen (JJB) (lanjutan)                            PT    Jasamarga         Jogja      Bawen       (JJB)
                                                                               (continued)

          3.    PT Pembangunan Perumahan (Persero)                              3.   PT Pembangunan Perumahan (Persero)
                Tbk sebagai pemilik atas 44.418 lembar                               Tbk as the owner of 44,418 shares or
                saham atau setara dengan Rp44.418                                    equivalent to Rp44,418 which represents
                yang mewakili 4,44% dari total seluruh                               4.44% of the total shares that have been
                saham yang telah diterbitkan di JJB;                                 issued in JJB;

          4.    PT Waskita Karya (Persero) Tbk sebagai                          4.   PT Waskita Karya (Persero) Tbk as the
                pemilik atas 35.659 lembar saham atau                                owner of 35,659 shares or equivalent to
                setara dengan Rp35.659 yang mewakili                                 Rp35,659 which represents 3.56% of the
                3,56% dari total seluruh saham yang telah                            total shares that have been issued in JJB;
                diterbitkan di JJB; dan                                              and

          5.    PT Brantas Abipraya (Persero) sebagai                           5.   PT Brantas Abipraya (Persero) as the
                pemilik atas 8.882 lembar saham atau                                 owner of 8,882 shares or equivalent to
                setara dengan Rp8.882 yang mewakili                                  Rp8,882 which represents 0.89% of the
                0,89% dari total seluruh saham yang                                  total shares issued in JJB.
                diterbitkan di JJB.

          Struktur permodalan JJB saat ini adalah                              The current capital structure of JJB is as follows:
          sebagai berikut:

           1.   Harga nominal per lembar saham                                1.     The par value per share Rp1,000,000
                Rp1.000.000 (Rupiah penuh).                                          (Full Rupiah).
           2.   Modal dasar sebesar Rp1.700.000.                              2.     Authorized capital of Rp1,700,000.
           3.   Modal ditempatkan sebesar Rp1.000.483.                        3.     Issued capital of Rp1,000,483.

          PT Jasamarga Japek Selatan (JJS)                                     PT Jasamarga Japek Selatan (JJS)

          Berdasarkan Akta Notaris No. 05 tanggal                              Based on Notary Deed No. 05 dated
          19 Agustus 2025 dari Notaris Rina Utami                              August 19, 2025 from Notary Rina Utami
          Djauhari, S.H., dan surat persetujuan                                Djauhari, S.H., and a letter of approval
          dari     Kementerian  Hukum    dan     Hak                           from the Ministry of Law and Human
          Asasi      Manusia    Republik   Indonesia                           Rights of the Republic of Indonesia
          No. AHU-AH.01.03-0220074 Tahun 2025                                  No. AHU-AH.01.03-0220074 Year 2025 dated
          tanggal 20 Agustus 2025, para pemegang                               August 20, 2025, the shareholders agreed to
          saham menyetujui untuk meningkatkan modal                            increase the issued and paid-up capital of
          ditempatkan dan disetor sebesar Rp165.489                            Rp165,489 or as many as 165,489 shares in
          atau sebanyak 165.489 lembar saham secara                            cash by the Company and agreed that
          tunai oleh Perusahaan dan menyetujui bahwa                           PT Wiranusantara Bumi did not deposit any
          PT Wiranusantara Bumi tidak melakukan                                shares. So that the share ownership in JJS is as
          penyetoran     bagian   saham.   Sehingga                            follows:
          kepemilikan saham pada JJS menjadi sebagai
          berikut:
          1. Perusahaan       sebagai    pemilik   atas                       1. The Company as the owner of 3,107,706
             3.107.706 lembar saham atau setara                                  shares or equivalent to Rp3,107,706 which
             dengan Rp3.107.706 yang mewakili                                    represents 92.33% of the total shares that
             92,33% dari total seluruh saham yang telah                          have been issued; and
             diterbitkan; dan
          2. PT Wiranusantara Bumi sebagai pemilik                            2. PT Wiranusantara Bumi as the owner of
             atas 257.993 lembar saham atau setara                               257,993 shares or equivalent to Rp257,993
             dengan Rp257.993 yang mewakili 7,67%                                which represents 7.67% of the total shares
             dari total seluruh saham yang telah                                 that have been issued.
             diterbitkan.

                                                                  16
Page 850
PT JASA MARGA (PERSERO) Tbk                                                             PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                             For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                 As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                    (Expressed in millions of Rupiah, unless otherwise stated)

1.   UMUM (lanjutan)                                                   1.   GENERAL (continued)

     f.   Perubahan Kepemilikan Entitas                    Anak             f. Changes in Ownership in Subsidiaries during
          selama Tahun Berjalan (lanjutan)                                     The Year (continued)

          PT Jasamarga Japek Selatan (JJS) (lanjutan)                          PT Jasamarga            Japek      Selatan     (JJS)
                                                                               (continued)

          Struktur permodalan JJS saat ini adalah                              The current capital structure of JJS is as follows:
          sebagai berikut:

          1. Harga nominal per lembar saham                                   1.   The par value per share Rp1,000,000
             Rp1.000.000 (Rupiah penuh).                                           (Full Rupiah).
          2. Modal dasar sebesar Rp4.400.000.                                 2.   Authorized capital of Rp4,400,000.
          3. Modal ditempatkan sebesar Rp3.365.699.                           3.   Issued capital of Rp3,365,699.

          PT Jasamarga Probolinggo Banyuwangi                                  PT Jasamarga Probolinggo Banyuwangi
          (JPB)                                                                (JPB)

          Berdasarkan Akta No. 02 tanggal 30 April 2025,                       Based on Deed No. 02 dated April 30, 2025,
          Akta No. 03 tanggal 04 September 2025, dan                           Deed No. 03 dated September 4, 2025, and
          Akta No. 03 tanggal 13 November 2025, para                           Deed No. 03 dated November 13, 2025, the
          pemegang      saham       menyetujui       dan                       shareholders approved and ratified the increase
          mengesahkan peningkatan modal ditempatkan                            in JPB’s issued and fully paid share capital
          dan disetor JPB selama periode berjalan, dari                        during the current period from Rp1,840,649 to
          sebelumnya sebesar Rp1.840.649 menjadi                               Rp2,771,767. So that the share ownership in
          Rp2.771.767. Sehingga kepemilikan saham                              JPB is as follows:
          pada JPB menjadi sebagai berikut:

          1. Perusahaan sebagai pemilik atas 2.729.379                        1. The Company as the owner of 2,729,379
             lembar saham atau setara dengan                                     shares or equivalent to Rp2,729,379 which
             Rp2.729.379 yang mewakili 98,47% dari                               represents 98.47% of the total shares that
             total seluruh saham yang telah diterbitkan;                         have been issued;

          2. PT Brantas Abipraya (Persero) sebagai                            2. PT Brantas Abipraya (Persero) as the owner
             pemilik atas 42.188 lembar saham atau                               of 42,188 shares or equivalent to Rp42,188
             setara dengan Rp42.188 yang mewakili                                which represents 1.52% of the total shares
             1,52% dari total seluruh saham yang telah                           that have been issued; and
             diterbitkan; dan

          3. PT Waskita Toll Road sebagai pemilik atas                        3. PT Waskita Toll Road as the owner of 200
             200 lembar saham atau setara dengan                                 shares or equivalent to Rp200 which
             Rp200 yang mewakili 0,01% dari total                                represents 0.01% of the total shares that have
             seluruh saham yang telah diterbitkan.                               been issued.

          Struktur permodalan JPB saat ini adalah                              The current capital structure of JPB is as follows:
          sebagai berikut:

          1. Harga nominal per lembar saham                                   1.   The par value per share Rp1,000,000
             Rp1.000.000 (Rupiah penuh).                                           (Full Rupiah).
          2. Modal dasar sebesar Rp3.251.041.                                 2.   Authorized capital of Rp3,251,041.
          3. Modal ditempatkan sebesar Rp2.771.767.                           3.   Issued capital of Rp2,771,767.




                                                                  17
Page 851
PT JASA MARGA (PERSERO) Tbk                                                             PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                             For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                 As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                    (Expressed in millions of Rupiah, unless otherwise stated)

1.   UMUM (lanjutan)                                                   1.   GENERAL (continued)

     f.   Perubahan Kepemilikan Entitas                    Anak             f. Changes in Ownership in Subsidiaries during
          selama Tahun Berjalan (lanjutan)                                     The Year (continued)

          PT Jasamarga Akses Patimban (JAP)                                    PT Jasamarga Akses Patimban (JAP)

          Berdasarkan Akta Pernyataan Keputusan                                Based on the Deed of Statement of Resolution
          Rapat Umum Pemegang Saham Luar Biasa                                 of the Extraordinary General Meeting of
          PT JAP No. 01 tanggal 1 September 2025, dari                         Shareholders of PT JAP No. 01 dated
          Notaris Rina Utami Djauhari, S.H., dan surat                         September 1, 2025, from Notary Rina Utami
          persetujuan dari Kementerian Hukum dan Hak                           Djauhari, S.H., and the approval letter from the
          Asasi     Manusia      Republik     Indonesia                        Ministry      of     Law       and        Human
          No. AHU-AH.01.09-0332693 Tahun 2025                                  Rights of the Republic of Indonesia
          tanggal 2 September 2025, para pemegang                              No. AHU-AH.01.09-0332693 Year 2025 dated
          saham     menyetujui    peningkatan     modal                        September 2, 2025, the shareholders agreed to
          ditempatkan dan disetor penuh sebesar                                increase the issued and fully paid-up capital by
          Rp515.800 atau 515.800 saham yang terdiri                            Rp515,800 or 515,800 shares which consist of
          dari Rp348.663 atau 348.663 saham secara                             Rp348,663 or 348,663 shares in cash by the
          tunai oleh Perusahaan, Rp119.100 atau                                Company, Rp119,100 or 119,100 shares in cash
          119.100 saham secara tunai oleh PT Nusa                              by PT Nusa Raya Cipta Tbk, Rp38,037 or 38,037
          Raya Cipta Tbk, Rp38.037 atau 38.037 saham                           shares in cash by PT Adhi Karya (Persero) Tbk,
          secara tunai oleh PT Adhi Karya (Persero) Tbk,                       and Rp10,000 or 10,000 shares in cash by
          dan Rp10.000 atau 10.000 saham secara tunai                          PT PP (Persero) Tbk, so that share ownership in
          oleh PT PP (Persero) Tbk, sehingga                                   JAP becomes as follows:
          kepemilikan saham di JAP menjadi sebagai
          berikut:

          1. Perusahaan sebagai pemilik atas 453.930                          1. The Company as the owner of 453,930 shares
             lembar saham atau setara dengan                                     or equivalent to Rp453,930 which represents
             Rp453.930 yang mewakili 66,22% dari total                           66.22% of the total shares that have been
             seluruh saham yang telah diterbitkan; dan                           issued; and

          2. PT Nusa Raya Cipta Tbk sebagai pemilik                           2. PT Nusa Raya Cipta Tbk as the owner of
             atas 156.421 lembar saham atau setara                               156,421 shares, equivalent to Rp156,421,
             dengan Rp156.421 yang mewakili 22,82%                               representing 22.82% of the total issued
             dari total seluruh saham yang telah                                 shares; and
             diterbitkan; dan

          3. PT Adhi Karya (Persero) Tbk sebagai                              3. PT Adhi Karya (Persero) Tbk as the owner of
             pemilik atas 49.521 lembar saham atau                               49,521 shares or equivalent to Rp49,521
             setara dengan Rp49.521 yang mewakili                                representing 7.22% of the total issued shares;
             7,22% dari total seluruh saham yang telah                           and
             diterbitkan; dan

          4. PT Pembangunan Perumahan (Persero)                               4. PT Pembangunan Perumahan (Persero) Tbk
             Tbk sebagai pemilik atas 20.705 lembar                              as the owner of 20,705 shares or equivalent
             saham atau setara dengan Rp20.705 yang                              to Rp20,705 representing 3.02% of the total
             mewakili 3,02% dari total seluruh saham                             issued shares; and
             yang telah diterbitkan; dan

          5. PT Subang Sejahtera sebagai pemilik atas                         5. PT Subang Sejahtera as the owner of 3,400
             3.400 lembar saham atau setara dengan                               shares or equivalent to Rp3,400, representing
             Rp3.400 yang mewakili 0,50% dari total                              0.50% of the total issued shares; and
             seluruh saham yang telah diterbitkan; dan

          6. PT Wijaya Karya (Persero) Tbk sebagai                            6. PT Wijaya Karya (Persero) Tbk as the owner
             pemilik atas 1.500 lembar saham atau                                of 1,500 shares or equivalent to Rp1,500
             setara dengan Rp1.500 yang mewakili                                 representing 0.22% of the total issued shares.
             0,22% dari total seluruh saham yang telah
             diterbitkan.



                                                                  18
Page 852
PT JASA MARGA (PERSERO) Tbk                                                              PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                              For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                  As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                     (Expressed in millions of Rupiah, unless otherwise stated)

1.   UMUM (lanjutan)                                                    1.   GENERAL (continued)

     f.   Perubahan Kepemilikan Entitas                    Anak              f. Changes in Ownership in Subsidiaries during
          selama Tahun Berjalan (lanjutan)                                      The Year (continued)

          PT Jasamarga          Akses     Patimban         (JAP)                PT Jasamarga          Akses     Patimban       (JAP)
          (lanjutan)                                                            (continued)

          Struktur permodalan JAP saat ini adalah                               The current capital structure of JAP is as follows:
          sebagai berikut:

          1. Harga nominal per lembar saham                                     1.   The par value per share Rp1,000,000
             Rp1.000.000 (Rupiah penuh).                                             (Full Rupiah).
          2. Modal dasar sebesar Rp1.131.000.                                   2.   Authorized capital of Rp1,131,000.
          3. Modal ditempatkan sebesar Rp685.477.                               3.   Issued capital of Rp685,477.

          PT Jasamarga Jogja Solo (JMJ)                                         PT Jasamarga Jogja Solo (JMJ)

          Pada 23 Juli 2025, terdapat amandemen                                  On July 23, 2025, there was an amendment to
          perjanjian pemegang saham (SHA) sehingga                               the shareholder’s agreement (SHA) (Note 3),
          dilakukan adendum akta JMJ (Catatan 3).                                resulting in an addendum to the JMJ deed.
          Berdasarkan Akta No. 28 tanggal 02 Agustus                             Based on Deed No. 28 dated August 2, 2025
          2025 dan Akta No. 05 tanggal 19 Desember                               and Deed No. 05 dated December 19, 2025, the
          2025, para pemegang saham menyetujui dan                               shareholders approved and ratified the increase
          mengesahkan peningkatan modal ditempatkan                              in JMJ’s issued and fully paid share capital
          dan disetor JMJ selama periode berjalan, dari                          during the current period from Rp2,860,537 to
          sebelumnya sebesar Rp2.860.537 menjadi                                 Rp3,634,537.
          Rp3.634.537.

          Peningkatan     modal     tersebut     tidak                           The increase in capital does not result in any
          mengakibatkan     perubahan     persentase                             change in the percentage of share ownership of
          kepemilikan saham para pemegang saham                                  the shareholders (Note 51). Accordingly, the
          (Catatan 51). Dengan demikian, komposisi                               composition of JMJ's shareholding remains as
          kepemilikan saham JMJ tetap sebagai berikut:                           follows:

          1.    Perusahaan memiliki 1.919.729 lembar                             1. The company has 1,919,729 shares,
                saham atau setara dengan Rp1.919.729,                               equivalent to IDR 1,919,729, representing
                yang mewakili 52,82% dari total saham                               52.82% of the total shares issued and fully
                yang telah ditempatkan dan disetor penuh                            paid in JMJ; and
                di JMJ; dan

          2.    PT Adhi Karya (Persero) Tbk memiliki                             2. PT Adhi Karya (Persero) Tbk holds
                1.714.808 lembar saham atau setara                                  1,714,808      shares,     equivalent     to
                dengan Rp1.714.808, yang mewakili                                   Rp1,714,808, representing 47.18% of the
                47,18% dari total saham yang telah                                  total shares that have been issued and fully
                ditempatkan dan disetor penuh di JMJ.                               paid at JMJ.

          Struktur permodalan JMJ saat ini adalah                               The current capital structure of JMJ is as follows:
          sebagai berikut:

          1. Harga nominal per lembar saham                                      1. The par value per share Rp1,000,000
             Rp1.000.000 (Rupiah penuh).                                            (Full Rupiah).
          2. Modal dasar sebesar Rp5.000.000.                                    2. Authorized capital of Rp5,000,000.
          3. Modal ditempatkan sebesar Rp3.634.537.                              3. Issued capital of Rp3,634,537.




                                                                   19
Page 853
PT JASA MARGA (PERSERO) Tbk                                                        PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                        For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                            As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

1.   UMUM (lanjutan)                                             1.   GENERAL (continued)

     g.   Kombinasi Bisnis                                            g.   Business Combination

          Pada       tanggal    2    Desember    2024,                     On December 2, 2024, PT Jasamarga
          PT Jasamarga Transjawa Tol menerima                              Transjawa Tol received the transfer of
          pengalihan hak kepemilikan atas seluruh                          ownership rights over all shares owned by the
          saham milik Dana Investasi Infrastruktur Toll                    Toll Road Mandiri-001 Infrastructure Investment
          Road Mandiri-001 pada PT Trans Optima Luhur                      Fund in PT Trans Optima Luhur amounting to
          sebanyak      121.799.999    lembar  saham.                      121,799,999 shares. This transfer is part of the
          Pengalihan ini merupakan bagian dari                             dissolution and liquidation of the Toll Road
          pembubaran dan likuidasi Dana Investasi                          Mandiri-001 Infrastructure Investment Fund.
          Infrastruktur Toll Road Mandiri-001.

          Kegiatan utama PT Trans Optima Luhur adalah                      The main activity of PT Trans Optima Luhur is
          sebagai Perusahaan induk atas investasi saham                    as a parent company for equity investments in
          pada Perusahaan yang bergerak dalam                              companies engaged in toll road management,
          pengusahaan        jalan        tol       yaitu                  namely PT Jasamarga Pandaan Toll and
          PT     Jasamarga     Pandaan        Tol    dan                   PT Trans Marga Jateng, with an ownership
          PT Trans Marga Jateng, dengan persentase                         percentage of 53.81% and 8.00%.
          kepemilikan 53,81% dan 8,00%.

          Setelah            pengalihan             ini,                   After this transfer, PT Jasamarga Transjawa Tol
          PT Jasamarga Transjawa Tol memperoleh                            obtained direct and indirect control over
          pengendalian langsung dan tidak langsung atas                    PT        Trans       Optima     Luhur     and
          PT      Trans     Optima      Luhur      dan                     PT Jasamarga Pandaan Tol with ownership
          PT Jasamarga Pandaan Tol dengan                                  percentages of 99.99% and 93.79%,
          persentase kepemilikan pada masing-masing                        respectively.
          sebesar 99,99% dan 93,79%.

          Sebelum         pengendalian      diperoleh,                     Before        control        is    obtained,
          PT Jasamarga Transjawa Tol memiliki                              PT Jasamarga Transjawa Tol has direct
          kepemilikan           langsung          atas                     ownership of PT Jasamarga Pandaan Tol,
          PT Jasamarga Pandaan Tol yang mana                               which those investment is accounted for using
          investasi   ini    diperhitungkan   dengan                       the equity method (Note 10).
          menggunakan metode ekuitas (Catatan 10).

          Sebagai bagian dari akuntansi kombinasi                          As part of business combination accounting,
          bisnis,   Perusahaan     mengukur    kembali                     the Company remeasures its prior holdings at
          kepemilikan sebelumnya pada nilai wajar untuk                    fair value to determine the value of goodwill.
          menentukan nilai goodwill. Pengukuran                            The remeasurement was calculated by KJPP
          kembali dihitung oleh KJPP Suwendho Rinaldy                      Suwendho Rinaldy & Partners, independent
          & Rekan, penilai independen Ocky Rinaldi,                        appraiser Ocky Rinaldi, MAPPI (Cert), in his
          MAPPI (Cert), dalam laporannya No:                               report No:

           a. 00079/2.0059-02/BS/05/0242/1/II/2025                          a. 00079/2.0059-02/BS/05/0242/1/II/2025
              atas penilaian saham JPT;                                        regarding the valuation of JPT shares;
           b. 00080/2.0059-02/BS/05/0242/1/II/2025                          b. 00080/2.0059-02/BS/05/0242/1/II/2025
              atas penilaian saham TOL;                                        regarding the valuation of TOL shares;

           dengan tanggal penilaian 30 November 2024                        with a valuation date of November 30, 2024
           dan laporan penilaian 20 Februari 2025.                          and a valuation report of February 20, 2025.




                                                            20
Page 854
PT JASA MARGA (PERSERO) Tbk                                                             PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                           For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                               As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)

1.   UMUM (lanjutan)                                                1.   GENERAL (continued)

     g.   Kombinasi Bisnis (lanjutan)                                    g.      Business Combination (continued)

          Keuntungan dari pengukuran kembali nilai                               The gain from remeasurement of fair value
          wajar kepemilikan sebagai entitas asosiasi oleh                        revaluation of ownership as an associated by
          PT Jasamarga Transjawa Tol yang diakui                                 PT Jasamarga Transjawa Tol which are
          dalam laba rugi adalah sebagai berikut:                                recognized in profit or loss are as follows:

                                                            1 Desember 2024/
                                                            December 1, 2024

          Nilai wajar atas entitas                                                                   Fair value of the ownership interest
            Asosiasi yang sebelumnya dimiliki                          674.225        on investment in Associates that previously held
          Nilai tercatat investasi asosiasi (Catatan 10)             (487.818)     Carrying amount of investment in associates (Note 10)
          Keuntungan                                                   186.407                                                      Gain


          Kerugian dari pengukuran kembali nilai wajar                            The losses from remeasurement of fair value
          kepemilikan dari investasi jangka pendek oleh                           of ownership of short-term investments by
          PT Jasamarga Transjawa Tol yang diakui                                  PT Jasamarga Transjawa Tol which are
          dalam laba rugi adalah sebagai berikut:                                 recognized in profit or loss are as follows:

                                                            1 Desember 2024/
                                                            December 1, 2024
          Nilai wajar atas investasi jangka pendek                  1,609,222                        Fair value of short-term investment
          Nilai tercatat investasi jangka pendek                   (1,753,224)                 Carrying amount of short-term investment
          Kerugian                                                   (144,002)                                                      Loss


          Keuntungan atau kerugian kumulatif dari                                Cumulative gains or losses from short-term
          investasi jangka pendek yang diakui sebagai                            investments     recognized    as     other
          penghasilan          komprehensif    lainnya                           comprehensive income are reclassified to
          direklasifikasi ke laba rugi.                                          profit or loss.

          Pada saat tanggal akuisisi, nilai wajar aset                           As at the acquisition date, the fair value of net
          bersih atas entitas yang diakuisisi adalah                             assets acquired of entities is as follows:
          sebagai berikut:

                                                            1 Desember 2024/
                                                            December 1, 2024
          Kas setara kas                                              50.011                                 Cash and cash equivalents
          Aset lancar                                                    614                                               Current assets
          Aset tetap (Catatan 11)                                        864                                      Fixed assets (Note 11)
          Aset takberwujud - neto                                                                                 Intangible assets - net
             Hak pengusahaan Jalan Tol (Catatan 13)                 2.640.059                 Toll Road Concession Rights (Note 13)
             Lainnya (Catatan 14)                                         245                                        Others (Note 14)
          Investasi Entitas Asosiasi dan                                                                 Investment in Association and
            Ventura Bersama (Catatan 10)                              624.172                                 Joint Venture (Note 10)
          Liabilitas jangka pendek                                    (12.909)                                         Current liabilities
          Liabilitas pajak tangguhan (Catatan 18.c)                  (357.627)                        Deferred tax liabilities (Note 18.c)
          Liabilitas jangka panjang                                  (447.513)                                    Non-current liabilities
          Nilai wajar aset bersih                                   2.497.916                                   Fair value of net assets


          Keuntungan dari pembelian dengan diskon atas                           Gain from bargain purchase is determine
          akuisisi ditentukan sebagai berikut:                                   as follow:




                                                              21
Page 855
PT JASA MARGA (PERSERO) Tbk                                                            PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                           For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                               As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)

1.   UMUM (lanjutan)                                                1.   GENERAL (continued)

     g.   Kombinasi Bisnis (lanjutan)                                    g.      Business Combination (continued)

                                                             1 Desember 2024/
                                                             December 1, 2024
          Nilai wajar atas entitas ventura bersama yang                                              Fair value of the ownership interest
            sebelumnya dimiliki                                        674.225       on investment in joint venture that previously held
          Nilai wajar atas investasi jangka pendek                   1.531.469                        Fair value of short-term investment
          Nilai wajar atas kepentingan non-pengendali                  115.951                      Fair value of non-controlling interest
          Total                                                      2.321.645                                                       Total
          Dikurangi :                                                                                                                Less:
          Nilai wajar aset bersih                                    2.497.916                                    Fair value of net assets
          Keuntungan pembelian dengan diskon                          (176.271)                               Gain on bargain purchase


          Nilai wajar dari kepentingan non-pengendali                            The fair value of the non-controlling interest
          (KNP) diestimasikan dari nilai wajar saham                             (NCI) is estimated from fair value of shares
          yang dihitung oleh KJPP Suwendho Rinaldy &                             calculated by KJPP Suwendho Rinaldy &
          Rekan, penilai independen Ocky Rinaldi,                                Partners, independent appraiser Ocky Rinaldi,
          MAPPI (Cert) yang terdaftar di OJK, dalam                              MAPPI (Cert), in his report No:
          laporannya No:

          1. 00079/2.0059-02/BS/05/0242/1/II/2025                                a. 00079/2.0059-02/BS/05/0242/1/II/2025
             atas penilaian saham JPT;                                              regarding the valuation of JPT shares;

          2. 00080/2.0059-02/BS/05/0242/1/II/2025                                b. 00080/2.0059-02/BS/05/0242/1/II/2025
             atas penilaian saham TOL;                                              regarding the valuation of TOL shares;

          dengan tanggal penilaian 30 November 2024                              with a valuation date of November 30, 2024 and
          dan laporan penilaian 20 Februari 2025.                                a valuation report of February 20, 2025.

          Nilai wajar dari aset bersih diestimasikan dari                        The fair value of net assets is estimated from
          nilai wajar aset takberwujud hak pengusahaan                           fair value of toll road concession rights and
          jalan tol dan kontribusi aset yang dihitung oleh                       assets contribution calculated by KJPP
          KJPP Suwendho Rinaldy & Rekan, penilai                                 Suwendho Rinaldy & Partners, independent
          independen Ocky Rinaldi, MAPPI (Cert), dalam                           appraiser Ocky Rinaldi, MAPPI (Cert), in his
          laporannya No:                                                         report No:

          a. 00077/2.0059-02/PI/05/0242/1/II/202 atas                            a. 00077/2.0059-02/PI/05/0242/1/II/2025
             penilaian aset hak pengusahaan jalan tol                               regarding the valuation of JPT toll road
             JPT                                                                    concession rights

          b. 00079/2.0059-02/BS/05/0242/1/II/2025                                b. 00079/2.0059-02/BS/05/0242/1/II/2025
             atas penilaian kontribusi aset JPT                                     regarding the valuation of JPT contribution
                                                                                    assets

          dengan tanggal penilaian 30 November 2024                             with a valuation date of November 30, 2024 and
          dan laporan penilaian 20 Februari 2025.                               a valuation report of February 20, 2025.

          Pendapatan PT Trans Optima Luhur dan                                  The revenue of PT Trans Optima Luhur and
          PT Jasamarga Pandaan Tol untuk tahun 2024                             PT Jasamarga Pandaan Tol for the year 2024
          yang termasuk dalam laporan laba rugi sejak                           included in the income statement since the
          tanggal akuisisi sebesar Rp19.427.                                    acquisition date amounts to Rp19,427.

          Kontribusi laba dari PT Trans Optima Luhur dan                        Profit contribution from PT Trans Optima Luhur
          PT Jasamarga Pandaan Tol untuk tahun 2024                             and PT Jasamarga Pandaan Tol for the year
          yang termasuk dalam laporan laba rugi sejak                           2024, included in the income statement since
          tanggal akuisisi sebesar Rp9.559.                                     the acquisition date, amounted to Rp9,559.




                                                              22
Page 856
PT JASA MARGA (PERSERO) Tbk                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                         For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                             As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

1.   UMUM (lanjutan)                                              1.   GENERAL (continued)

     g.   Kombinasi Bisnis (lanjutan)                                  g.   Business Combination (continued)

          Jumlah arus kas yang diperoleh berupa jumlah                      The total cash flow obtained in the form of cash
          kas dan setara kas pada tanggal akuisisi                          and cash equivalents on the acquisition date
          dari   PT     Trans   Optima     Luhur   dan                      from    PT    Trans     Optima     Luhur     and
          PT Jasamarga Pandaan Tol sebesar Rp58.585.                        PT Jasamarga Pandaan Toll amounts to
          Tidak terdapat arus kas keluar berupa imbalan                     Rp58.585. There are no cash outflows in the
          yang dialihkan dalam proses kombinasi bisnis.                     form of compensation transferred in business
                                                                            combination process.

          Jumlah arus kas yang diperoleh berupa jumlah                      The amount of cash flow obtained in the form of
          kas    dan   setara   kas    pada    tanggal                      cash and cash equivalents at the date of
          akuisisi dari PT Lintas Marga Jawa,                               acquisition from PT Lintas Marga Jawa,
          PT      Jasamarga     Semarang       Batang,                      PT      Jasamarga      Semarang         Batang,
          PT      Jasamarga    Solo      Ngawi     dan                      PT Jasamarga Solo Ngawi and PT Jasamarga
          PT Jasamarga Ngawi Kertosono Kediri sebesar                       Ngawi Kertosono Kediri amounted to
          Rp366.494. Tidak terdapat arus kas keluar                         Rp366,494. There is no cash outflow in the form
          berupa imbalan yang dialihkan dalam proses                        of consideration transferred in the business
          kombinasi bisnis.                                                 combination process.


2.   INFORMASI            KEBIJAKAN             AKUNTANSI         2. MATERIAL               ACCOUNTING               POLICIES
     MATERIAL                                                        INFORMATION

     a.   Pernyataan Kepatuhan                                         a.   Statement of Compliance

          Laporan keuangan konsolidasian telah disusun                      The consolidated financial statements have
          dan disajikan sesuai dengan Standar Akuntansi                     been prepared and presented in accordance
          Keuangan Indonesia (“SAK”), yang mencakup                         with the Financial Accounting Standards
          Pernyataan Standar Akuntansi Keuangan                             Indonesian (“SAK”), which includes Statement
          (“PSAK”) dan Interpretasi Standar Akuntansi                       of Financial Accounting Standards (“PSAK”)
          Keuangan (“ISAK”) yang dikeluarkan oleh                           and the Interpretation of Financial Accounting
          Dewan Standar Akuntansi Keuangan Ikatan                           Standards (“ISAK”) issued by the Financial
          Akuntan Indonesia (“DSAK”), serta peraturan                       Accounting Standards Board of the Indonesian
          Pasar Modal yang berlaku antara lain                              Institute of Accountants (“DSAK”), as well as
          Peraturan Otoritas Jasa Keuangan/Badan                            the applicable Capital Market regulations
          Pengawas Pasar Modal dan Lembaga                                  including     Financial   Services   Authority/
          Keuangan (OJK/Bapepam-LK) No. VIII.G.7                            Capital      Market     Supervisory    Agency
          tentang Penyajian dan Pengungkapan Laporan                        (OJK/Bapepam-LK) Regulation No. VIII.G.7
          Keuangan Emiten atau Perusahaan Publik,                           concerning the Presentation and Disclosure of
          sepanjang tidak bertentangan dengan suatu                         Financial Statements of Issuers or Public
          PSAK atau ISAK.                                                   Companies, to the extent these (it) do (does)
                                                                            not conflict with a PSAK or ISAK.

     b.   Dasar Penyusunan           Laporan      Keuangan             b.   Basis of Preparation of The Consolidated
          Konsolidasian                                                     Financial Statements

          Laporan keuangan konsolidasian disusun dan                        The consolidated financial statements are
          disajikan berdasarkan asumsi kelangsungan                         prepared and presented based on the going
          usaha serta atas dasar akrual, kecuali laporan                    concern assumption and on an accrual basis,
          arus kas konsolidasian. Dasar pengukuran                          except for the consolidated statement of cash
          dalam     penyusunan     laporan   keuangan                       flows. The measurement basis in preparing
          konsolidasian ini adalah konsep biaya                             these consolidated financial statements is the
          perolehan, kecuali beberapa akun tertentu                         historical cost concept, except for certain
          yang didasarkan pengukuran lain sebagaimana                       accounts that are measured on different bases
          dijelaskan dalam kebijakan akuntansi masing-                      as described in the accounting policies for each
          masing akun tersebut. Biaya perolehan                             respective account. Historical cost is generally
          umumnya didasarkan pada nilai wajar imbalan                       based on the fair value of the consideration
          yang diserahkan dalam pemerolehan aset.                           given in acquiring the assets.


                                                             23
Page 857
PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                          As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                    AKUNTANSI         2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                               INFORMATION (continued)

    b.    Dasar Penyusunan Laporan                Keuangan           b.   Basis of Preparation of The Consolidated
          Konsolidasian (lanjutan)                                        Financial Statements (continued)

          Selain laporan arus kas konsolidasian, laporan                  Other than the consolidated statement of cash
          keuangan konsolidasian disusun berdasarkan                      flows, the consolidated financial statements
          dasar akrual, dengan menggunakan konsep                         have been prepared on the accrual basis, using
          biaya historis, kecuali untuk beberapa akun                     the historical cost, basis of accounting, except
          tertentu disajikan berdasarkan pengukuran lain                  for certain accounts which are stated on the
          sebagaimana diuraikan dalam kebijakan                           bases described in the related accounting
          akuntansi masing-masing akun tersebut.                          policies for those accounts.

          Laporan arus kas konsolidasian disusun                          The consolidated statement of cash flows,
          menggunakan metode langsung, dengan                             which has been prepared using direct method,
          menyajikan penerimaan dan pengeluaran kas                       presents cash receipts and disbursements of
          dan setara kas yang diklasifikasikan dalam                      cash and cash equivalents classified into
          aktivitas operasi, investasi, dan pendanaan.                    operating, investing, and financing activities.

          Mata uang pelaporan yang digunakan dalam                        The reporting currency used in the
          penyusunan laporan keuangan konsolidasian                       consolidated      financial    statements is
          adalah Rupiah yang merupakan mata uang                          the Indonesian Rupiah, which is also
          fungsional Kelompok Usaha.                                      the functional currency of the Group.

          Kebijakan akuntansi telah diterapkan secara                     The accounting policies applied are consistent
          konsisten    diantara   laporan    keuangan                     between     the     consolidated      financial
          konsolidasian yang berakhir 31 Desember 2025                    statements years ended December 31, 2025
          dan 2024.                                                       and 2024.

     c.   Pernyataan dan Interpretasi Standar                        c.   New and Revised Statements and
          Akuntansi Baru dan Revisi yang Berlaku                          Interpretation of Financial Accounting
          Efektif pada Tahun Berjalan                                     Standards Effective in the Current Year

          Standar baru dan amendemen atas standar                         New Standard and amendment to standards
          yang berlaku efektif untuk periode yang dimulai                 which effective for periods beginning on or after
          pada atau setelah 1 Januari 2025, dengan                        January 1, 2025, with early adoption is
          penerapan dini diperkenankan yaitu:                             permitted, are as follows:
           • PSAK 117 “Kontrak Asuransi";                                  • PSAK 117 "Insurance Contract";
           • Amendemen PSAK 117: “Kontrak Asuransi                         • Amendments of PSAK 117 “Insurance
              tentang Penerapan Awal PSAK 117 dan                             Contracts on Initial Application of
              PSAK 109 – Informasi Komparatif”; dan                           PSAK 117 and PSAK 109 – Comparative
                                                                              Information” ; and
           •   Amendemen PSAK 221: “Pengaruh                               • Amendments of PSAK 221 “Foreign
               Perubahan Kurs Valuta Asing tentang                            Exchange Rate regarding Lack of
               Kekurangan Ketertukaran”.                                      Exchangeability”.

          Beberapa PSAK juga diamendemen yang                             Several PSAKs were also amended which were
          merupakan amendemen konsekuensial karena                        consequential amendments due to the
          berlakunya PSAK 117: Kontrak Asuransi, yaitu:                   enactment of PSAK 117: Insurance Contracts,
                                                                          as follows:

           • PSAK 103 “Kombinasi Bisnis”;                                  •   PSAK 103 “Business Combinations”;
           • PSAK 105 “Aset Tidak Lancar yang                              •   PSAK 105 “Non-Current Assets Held for
             Dikuasai untuk Dijual dan Operasi yang                            Sale and Discontinued Operations”;
             Dihentikan”;
           • PSAK107       “Instrumen     Keuangan:                        •   PSAK     107   “Financial   Instruments:
             Pengungkapan”;                                                    Disclosures”;
           • PSAK109 “Instrumen Keuangan”;                                 •   PSAK 109 “Financial Instruments”;
           • PSAK 115 “Pendapatan dari Kontrak                             •   PSAK 115 “Income from Contracts with
             dengan Pelanggan”;                                                Customers”;


                                                             24
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PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                           As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                    AKUNTANSI          2. MATERIAL      ACCOUNTING                      POLICIES
   MATERIAL (lanjutan)                                                INFORMATION (continued)

     c.   Pernyataan dan Interpretasi Standar                         c.   New and Revised Statements and
          Akuntansi Baru dan Revisi yang Berlaku                           Interpretation of Financial Accounting
          Efektif pada Tahun Berjalan (lanjutan)                           Standards Effective in the Current Year
                                                                           (continued)

           •   PSAK 201 “Penyajian Laporan Keuangan”;                       •   PSAK 201 “Presentation of Financial
                                                                                Statements”;
           •   PSAK 207 “Laporan Arus Kas”;                                •    PSAK 207 “Statement of Cash Flows”;
           •   PSAK 216 “Aset Tetap”;                                      •    PSAK 216 “Fixed Assets”;
           •   PSAK 219 “Imbalan Kerja”;                                   •    PSAK 219 “Employee Benefits”;
           •   PSAK 228 “Investasi pada Entitas Asosiasi                   •    PSAK 228 “Investment in Associated
               dan Ventura Bersama”;                                            Entities and Joint Ventures”;
           •   PSAK     232      “Instrumen     Keuangan                   •    PSAK       232    “Financial   Instruments:
               Penyajian”;                                                      Presentation”;
           •   PSAK 236 “Penurunan Nilai Aset”;                            •    PSAK 236 “Impairment of Asset";
           •   PSAK 237 “Provisi, Liabilitas Kontijensi dan                •    PSAK       237    “Provisions,   Contingent
               Aset Kontijensi”;                                                Liabilities and Contingent Assets”;
           •   PSAK 238 “Aset Takberwujud”; dan                            •    PSAK 238 “Intangible Assets”; and
           •   PSAK 240 “Properti Investasi”.                              •    PSAK 240 “Investment Property”.

          Implementasi amendemen standar tersebut                          The implementation of the above amendment
          tidak memiliki dampak yang material terhadap                     to standards had no material on the amounts
          jumlah yang dilaporkan di periode berjalan atau                  reported for the current period or prior financial
          tahun sebelumnya.                                                year.

     d.   Prinsip-Prinsip Konsolidasian                               d.    Principles of Consolidation

          Laporan keuangan konsolidasian meliputi                          The consolidated financial statements include
          laporan keuangan Kelompok Usaha seperti                          the accounts of the Group as disclosed in Note
          yang disebutkan pada Catatan 1.e, dimana                         1.e, in which the Company has control over
          Perusahaan memiliki pengendalian atas entitas                    those entities.
          tersebut.

          Laporan keuangan entitas anak disiapkan untuk                    The financial statements of the subsidiaries are
          tahun pelaporan yang sama             dengan                     prepared for the same reporting year as that of
          Perusahaan dan menggunakan kebijakan                             the Company and using consistent accounting
          akuntansi yang konsisten.                                        policies.

          Pengendalian diperoleh ketika Kelompok                           Control is achieved when the Group is
          Usaha terekspos atau memiliki hak atas imbal                     exposed, or has rights, to variable returns from
          hasil variabel dari keterlibatannya dengan                       its involvement with the investee and has the
          investee dan memiliki kemampuan untuk                            ability to affect those returns through its power
          memengaruhi imbal hasil tersebut melalui                         over the investee.
          kekuasaannya atas investee.

          Secara     spesifik,  Kelompok      Usaha                        Specifically, the Group controls an investee if
          mengendalikan investee jika dan hanya jika                       and only if the Group owns all of the following:
          Kelompok Usaha memiliki seluruh hal berikut
          ini:

          a.   Kekuasaan atas investee (misalnya,                          a.   Power over the investee (i.e., existing
               adanya hak yang memberi kemampuan                                rights that give it the current ability to direct
               kini untuk mengarahkan aktivitas relevan                         the relevant activities of the investee);
               investee);
          b.   Eksposur atau hak atas imbal hasil variabel                 b.   Exposure, or rights, to variable returns
               dari keterlibatannya dengan investee; dan                        from its involvement with the investee; and
          c.   Kemampuan         untuk     menggunakan                     c.   The ability to use its power over the
               kekuasaannya atas investee untuk                                 investee to affect its returns.
               memengaruhi jumlah imbal hasil investor.


                                                              25
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PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                    AKUNTANSI        2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                              INFORMATION (continued)

     d.   Prinsip-Prinsip Konsolidasian (lanjutan)                 d.   Principles of Consolidation (continued)

          Ketika Kelompok Usaha memiliki kurang dari                    When the Group has less than a majority of the
          hak suara mayoritas, Kelompok Usaha                           voting or similar rights of an investee, the
          mempertimbangkan semua fakta dan keadaan                      Group considers all relevant facts and
          yang relevan dalam menilai apakah memiliki                    circumstances in assessing whether it has
          kekuasaan atas investee, termasuk:                            power over an investee, including:

          a. Pengaturan kontraktual dengan pemilik hak                  a.   The contractual arrangement with the other
             suara yang lain;                                                vote holders of the investee;
          b. Hak yang timbul dari pengaturan                            b.   Rights arising from other contractual
             kontraktual lain; dan                                           arrangement; and
          c. Hak suara dan hak suara potensial                          c.   The Group’s voting rights and potential
             Kelompok Usaha.                                                 voting rights.

          Kelompok Usaha menilai kembali apakah                         The Group re-assesses whether or not it
          investor mengendalikan investee jika fakta dan                controls an investee if facts and circumstances
          keadaan mengindikasikan adanya perubahan                      indicate that there are changes to one or more
          terhadap satu atau lebih dari tiga elemen                     of the three elements of control. Consolidation
          pengendalian. Konsolidasi atas entitas anak                   of a subsidiary begins when the Group obtains
          dimulai ketika Kelompok Usaha memiliki                        control over the subsidiary and ceases when
          pengendalian atas anak perusahaan dan                         the Group loses control of the subsidiary.
          berhenti ketika Kelompok Usaha kehilangan
          pengendalian atas entitas anak.

          Aset, liabilitas, pendapatan dan beban atas                   Assets, liabilities, income and expenses of a
          anak perusahaan yang diakuisisi atau dilepas                  subsidiary acquired or disposed of during the
          selama periode termasuk dalam laporan laba                    period are included in the consolidated
          rugi dan penghasilan komprehensif lain                        statement of profit or loss and other
          konsolidasian dari tanggal Kelompok Usaha                     comprehensive income from the date the
          memperoleh pengendalian sampai dengan                         Group gains control until the date the Group
          tanggal Kelompok Usaha menghentikan                           ceases to control the subsidiary.
          pengendalian atas entitas anak.

          Laba rugi dan setiap komponen atas                            Profit or loss and each component of other
          penghasilan komprehensif lain diatribusikan                   comprehensive income are attributed to the
          pada pemegang saham entitas induk Kelompok                    equity holders of the parent of the Group and
          Usaha dan pada Kepentingan Non-Pengendali                     to the Non-Controlling Interests (“NCI”), even if
          (KNP), walaupun hasil di KNP mempunyai                        this results in the NCI having a deficit balance.
          saldo defisit. Bila diperlukan, penyesuaian                   When needed, adjustments are made to the
          dilakukan pada laporan keuangan anak                          financial statements of subsidiaries to bring
          perusahaan agar kebijakan akuntansinya                        their accounting policies in line with the Group’s
          sesuai kebijakan akuntansi Kelompok Usaha.                    accounting policies.

          Seluruh akun dan transaksi antar perusahaan                   All material intercompany accounts and
          yang material, termasuk keuntungan atau                       transactions, including unrealized gains or
          kerugian yang belum direalisasi, jika ada,                    losses, if any, are eliminated to reflect the
          dieliminasi  untuk    mencerminkan    posisi                  financial position and the results of operations
          keuangan dan hasil operasi Kelompok Usaha                     of the Group as one business entity.
          sebagai satu kesatuan usaha.

          Perubahan kepemilikan di entitas anak, tanpa                  A change in the ownership interest of a
          kehilangan pengendalian, dihitung sebagai                     subsidiary, without a loss of control, is
          transaksi ekuitas. Jika Kelompok Usaha                        accounted for as an equity transaction. If the
          kehilangan pengendalian atas entitas anak,                    Group loses control over a subsidiary, then:
          maka:




                                                            26
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PT JASA MARGA (PERSERO) Tbk                                                        PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                        For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                            As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                    AKUNTANSI           2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                                 INFORMATION (continued)

     d.   Prinsip-Prinsip Konsolidasian (lanjutan)                    d.   Principles of Consolidation (continued)

          a. Menghentikan pengakuan aset (termasuk                         a.   Derecognizes the assets (including
             goodwill) dan liabilitas Entitas Anak;                             goodwill) and liabilities of the Subsidiary;
          b. Menghentikan pengakuan jumlah tercatat                        b.   Derecognizes the carrying amount of any
             setiap KNP;                                                        NCI;
          c. Menghentikan       pengakuan       akumulasi                  c.   Derecognizes the cumulative translation
             selisih penjabaran, yang dicatat di ekuitas,                       differences recorded in equity, if any;
             bila ada;
          d. Mengakui nilai wajar pembayaran yang                          d.   Recognizes the fair value of the
             diterima;                                                          consideration received;
          e. Mengakui setiap sisa investasi pada nilai                     e.   Recognizes the fair value of any
             wajarnya;                                                          investment retained;
          f. Mengakui      setiap      perbedaan    yang                   f.   Recognizes any surplus or deficit in profit
             dihasilkan sebagai keuntungan atau                                 or loss; and
             kerugian dalam laba rugi; dan
          g. Mereklasifikasi ke laba rugi proporsi                         g.   Reclassifies the parent’s share of
             keuntungan       dan       kerugian    yang                        components previously recognized in
             sebelumnya diakui dalam penghasilan                                other comprehensive income to the
             komprehensif lainnya ke laporan laba rugi                          statement of profit or loss and other
             dan penghasilan komprehensif lain atau                             comprehensive income or deficit or
             mengalihkan secara langsung ke defisit                             retained earnings, as appropriate.
             atau saldo laba.

          Kombinasi Bisnis dan Goodwill                                    Business Combinations and Goodwill

          KNP mencerminkan bagian atas laba atau rugi                      NCI represent the portion of the profit or loss
          dan aset neto dari entitas anak yang tidak dapat                 and net assets of the subsidiaries not
          diatribusikan secara langsung maupun tidak                       attributable to the parent entity, which are
          langsung pada entitas induk, yang masing-                        presented in the consolidated statement of
          masing disajikan dalam laporan laba rugi                         profit or loss and other comprehensive income
          komprehensif konsolidasian dan dalam ekuitas                     and under the equity section of the consolidated
          pada laporan posisi keuangan konsolidasian,                      statement of financial position, respectively,
          terpisah dari bagian yang dapat diatribusikan                    separately from the corresponding portion
          kepada pemilik entitas induk.                                    attributable to the owners of the parent entity.

          Perubahan dalam bagian kepemilikan entitas                       A change in a parent’s ownership interest in a
          induk pada entitas anak yang tidak                               subsidiary that does not result in a loss of
          mengakibatkan hilangnya pengendalian dicatat                     control is accounted for as an equity transaction
          sebagai transaksi ekuitas (dalam hal ini                         (i.e., a transaction with owners in their capacity
          transaksi dengan pemilik dalam kapasitasnya                      as owners).
          sebagai pemilik).

          Kombinasi bisnis, jika ada, dicatat dengan                       Business combinations, if any, are accounted
          menggunakan        metode       akuisisi.  Biaya                 for using the acquisition method. The cost of an
          perolehan dari sebuah akuisisi diukur pada nilai                 acquisition is measured at the aggregate value
          agregat imbalan yang dialihkan, diukur pada                      of the consideration transferred, measured at
          nilai wajar pada tanggal akuisisi dan jumlah                     fair value on acquisition date and the amount of
          setiap KNP pada pihak yang diakuisisi. Untuk                     any NCI in the acquiree. For each business
          setiap kombinasi bisnis, Kelompok Usaha                          combination, the Group elects whether it
          memilih apakah mengukur KNP pada entitas                         measures the NCI in the acquiree either at fair
          yang diakuisisi baik pada nilai wajar ataupun                    value or at the proportionate share of the
          pada proporsi kepemilikan KNP atas aset neto                     acquiree’s identifiable net assets. Acquisition
          yang teridentifikasi dari entitas yang diakuisisi.               costs incurred are directly expensed and
          Biaya-biaya akuisisi yang timbul dibebankan                      included in administrative expenses.
          langsung dan termasuk beban administrasi.




                                                               27
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PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                    AKUNTANSI        2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                              INFORMATION (continued)

     d.   Prinsip-Prinsip Konsolidasian (lanjutan)                  d.   Principles of Consolidation (continued)

          Kombinasi Bisnis dan Goodwill (lanjutan)                       Business Combinations            and     Goodwill
                                                                         (continued)

          Kelompok Usaha menentukan apakah suatu                         The Group determines whether a transaction is
          transaksi merupakan kombinasi bisnis bahwa                     a business combination that the assets
          aset yang diperoleh dan liabilitas yang diambil                acquired and liabilities assumed constitute a
          alih merupakan suatu bisnis. Jika aset yang                    business. If the assets acquired are not a
          diperoleh bukan suatu bisnis, maka Kelompok                    business, the Group accounts for the
          Usaha mencatat transaksi atau peristiwa lain                   transaction or other event as an asset
          tersebut sebagai akuisisi aset.                                acquisition.

          Ketika melakukan akuisisi atas sebuah bisnis,                  When the Group acquires a business,
          Kelompok Usaha mengklasifikasikan dan                          it classifies and determines the financial assets
          menentukan aset keuangan yang diperoleh dan                    acquired and liabilities assumed for appropriate
          liabilitas keuangan yang diambil alih                          classification and designation in accordance
          berdasarkan pada persyaratan kontraktual,                      with the contractual terms, economic
          kondisi ekonomi dan kondisi terkait lain yang                  circumstances and pertinent conditions as of
          ada pada tanggal akuisisi.                                     the acquisition date.

          Pada tanggal akuisisi, goodwill awalnya diukur                 At the acquisition date, goodwill is initially
          pada harga perolehan yang merupakan selisih                    measured at cost being the excess of the
          nilai lebih agregat dari imbalan yang dialihkan                aggregate of the consideration transferred and
          dan jumlah setiap KNP atas jumlah neto                         the amount recognized for NCI over the net
          teridentifikasi dari aset yang diperoleh dan                   identifiable assets acquired and liabilities
          liabilitas yang diakui.                                        recognized.

          Jika imbalan tersebut kurang dari nilai wajar                  If this consideration is lower than the fair value
          aset neto entitas anak yang diakuisisi, selisih                of the acquired subsidiary's net assets, the
          tersebut diakui dalam laporan laba rugi dan                    difference is recognized in consolidated
          penghasilan komprehensif lain konsolidasian                    statement of profit or loss and other
          sebagai keuntungan dari pembelian dengan                       comprehensive income as gain on bargain
          diskon setelah sebelumnya manajemen menilai                    purchase after previously assessing the
          kembali identifikasi dan nilai wajar dari aset                 identification and fair value measurement of the
          yang diperoleh dan liabilitas yang diasumsikan.                acquired assets and the assumed liabilities.

          Kombinasi Bisnis Entitas Sepengendali                          Business     Combination       under    Common
                                                                         Control

          Kombinasi bisnis entitas sepengendali dicatat                  Business combination of entities under
          dengan menggunakan metode penyatuan                            common control that qualifies as a business is
          kepemilikan dimana aset dan liabilitas yang                    accounted for under pooling-of-interest method
          diperoleh dari kombinasi bisnis dicatat oleh                   where assets and liabilities acquired in the
          pengakuisisi pada jumlah tercatatnya.                          business combination are recorded by the
                                                                         acquirer at their book values.

          Selisih antara jumlah imbalan yang dialihkan                   The difference between the transfer price and
          dan jumlah tercatat disajikan sebagai bagian                   the book value is presented as an item of
          dari “tambahan modal disetor” dan tidak                        “additional paid-in capital” and is not recycled to
          direklasifikasi ke laba rugi ketika hilang                     profit or loss when control is lost.
          sepengendalian.

          Metode penyatuan kepemilikan diterapkan                        The pooling-of-interest method is applied as if
          seolah-olah entitas telah bergabung sejak                      the entities had been combined from the period
          periode dimana entitas yang bergabung berada                   when the merging entities were placed under
          dalam sepengendalian.                                          common control.




                                                            28
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PT JASA MARGA (PERSERO) Tbk                                                        PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                        For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                            As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                    AKUNTANSI         2. MATERIAL      ACCOUNTING                       POLICIES
   MATERIAL (lanjutan)                                               INFORMATION (continued)
     d.   Prinsip-Prinsip Konsolidasian (lanjutan)                    d.   Principles of Consolidation (continued)
          Kombinasi Bisnis Entitas Sepengendali                            Business Combination            under    Common
          (lanjutan)                                                       Control (continued)
          Setelah pengakuan awal, goodwill diukur pada                     After initial recognition, goodwill is measured at
          jumlah tercatat dikurangi akumulasi kerugian                     cost less than any accumulated impairment
          penurunan nilai. Untuk tujuan pengujian                          losses. For the purpose of impairment testing,
          penurunan nilai, goodwill yang diperoleh dari                    goodwill acquired in a business combination is,
          suatu kombinasi bisnis, sejak tanggal akuisisi                   from the acquisition date, allocated to each of
          dialokasikan kepada setiap Unit Penghasil Kas                    the Group’s Cash-Generating Units (CGU) that
          (UPK) dari Kelompok Usaha yang diharapkan                        are expected to benefit from the combination,
          akan memberikan manfaat dari sinergi                             irrespective of whether other assets or liabilities
          kombinasi tersebut, terlepas dari apakah aset                    of the acquiree are assigned to those CGU.
          atau liabilitas lain dari pihak yang diakuisisi
          ditetapkan atas UPK.
     e.   Kas dan Setara Kas                                     f.   e.   Cash and Cash Equivalents
          Deposito berjangka dengan jangka waktu                           Time deposits with maturities of nine months or
          sembilan bulan atau kurang sejak tanggal                         less at the time of placement, which are not
          penempatan tidak dibatasi penggunaannya                          restricted, are classified as “Cash Equivalents”.
          diklasifikasikan sebagai “Setara Kas”.
          Bank dan deposito berjangka yang dibatasi                        Restricted cash in banks and time deposits
          penggunaannya untuk digunakan sebagai                            used for collateral are not classified as part of
          jaminan tidak diklasifikasikan sebagai bagian                    "Cash and cash equivalents" but presented in
          dari “Kas dan setara kas” melainkan disajikan                    "Restricted funds" account as part of “Current
          pada akun “Dana dibatasi penggunaannya” dan                      Asset” and "Non-current Asset".
          sebagai bagian dari “Aset Lancar” dan “Aset
          Tidak Lancar”.
     f.   Transaksi dengan Pihak-Pihak Berelasi                       f.   Transactions with Related Parties
          Kelompok Usaha melakukan transaksi dengan                        The Group has transactions with certain parties
          pihak-pihak berelasi sebagaimana didefinisikan                   which have related party relationships as
          dalam PSAK 224, “Pengungkapan Pihak-pihak                        defined under PSAK 224, “Related Party
          Berelasi”.                                                       Disclosures”.
          Seluruh transaksi dan saldo yang material                        All material transactions and balances with
          dengan pihak-pihak berelasi diungkapkan                          related parties are disclosed in Note 43 to the
          dalam Catatan 43 atas laporan keuangan                           consolidated financial statements.
          konsolidasian.
     g.   Persediaan                                                  g.   Inventories
          Persediaan dinyatakan sebesar nilai yang lebih                   Inventories are stated at the lower of cost or net
          rendah antara biaya perolehan dan nilai                          realisable value. Cost is determined using the
          realisasi neto. Biaya perolehan ditentukan                       average method.
          dengan menggunakan metode rata-rata.
          Biaya perolehan tanah yang sedang                                The cost of land under development consists of
          dikembangkan meliputi biaya perolehan tanah                      the cost of land for development, direct and
          untuk pengembangan, biaya pengembangan                           indirect development costs related to real estate
          langsung dan tidak langsung yang berkaitan                       development activities and borrowing costs, if
          dengan kegiatan pengembangan real estate                         any. At the time of sale, total project costs are
          serta biaya-biaya pinjaman, jika ada. Pada saat                  allocated proportionately based on their
          dijual, semua biaya dialokasikan secara                          respective areas.
          proporsional berdasarkan luas masing-masing.
          Biaya pengembangan tanah, termasuk tanah                         The cost of land development, including land
          yang digunakan sebagai jalan dan prasarana                       which is used for roads and infrastructure or
          atau area yang tidak dapat dijual lainnya,                       other unsaleable areas, is allocated to the
          dialokasikan kepada luas area yang dijual.                       saleable area.

                                                            29
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PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                    AKUNTANSI        2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                              INFORMATION (continued)
     g.   Persediaan (lanjutan)                                     g.   Inventories (continued)
          Biaya     perolehan      bangunan      dalam                   The cost of buildings under construction is
          penyelesaian dipindahkan ke rumah, ruko dan                    transferred to houses, shop houses and
          apartemen (strata title) tersedia untuk dijual                 apartments (strata title) available for sale when
          pada saat pembangunan telah selesai.                           the construction is substantially completed.
          Properti   yang    diperoleh    atau   dalam                   Properties acquired or being constructed for sale
          penyelesaian untuk dijual dalam kegiatan                       in the ordinary course of business, rather than to
          usaha normal, yang tidak untuk disewakan atau                  be held for rental or capital appreciation, are
          untuk mendapatkan kenaikan nilai, dicatat                      classified as inventories.
          sebagai persediaan.
          Komisi yang tidak dapat dikembalikan yang                      Non-refundable commissions paid to sales or
          dibayarkan kepada agen penjualan atas                          marketing agents on the sale of real estate units
          penjualan unit real estate dibebankan pada                     are expensed when incurred.
          saat terutang.
          Nilai realisasi neto adalah taksiran harga                     Net realizable value is the estimated selling
          penjualan dalam kegiatan usaha normal yang                     price in the ordinary course of business, based
          didasarkan pada harga pasar pada tanggal                       on market prices at the reporting date and
          pelaporan dan didiskontokan untuk nilai waktu                  discounted for the time value of money if
          uang, jika material, dikurangi taksiran biaya                  material, less estimated costs to complete and
          penyelesaian dan taksiran biaya untuk                          estimated costs to sell.
          melaksanakan penjualan.
          Penurunan nilai persediaan ditetapkan setiap                   Inventory write-downs are assessed at each
          tanggal pelaporan untuk mengurangi nilai                       reporting date and recognized as losses in the
          tercatat persediaan ke nilai realisasi neto dan                consolidated statement of profit or loss and
          penurunannya diakui sebagai rugi pada laporan                  other comprehensive income to the extent that
          laba rugi dan pendapatan komprehensif lain                     the carrying amount exceeds net realizable
          konsolidasian tahun yang bersangkutan.                         value.

    h.    Investasi pada Entitas Asosiasi dan Ventura               h. Investments       in    Associates      and    Joint
          Bersama                                                      Venture
          Investasi Kelompok Usaha pada entitas                          The Group’s investments in its associates and
          asosiasi dan ventura bersama diukur dengan                     joint venture are accounted for using the equity
          menggunakan metode ekuitas. Entitas asosiasi                   method. An associate is an entity in which the
          adalah suatu entitas dimana Kelompok Usaha                     Group has significant influence. The Group has
          mempunyai pengaruh signifikan. Kelompok                        assessed the nature of its joint arrangements
          Usaha telah menilai sifat dari pengaturan                      and determined them to be joint ventures.
          bersama dan menentukan pengaturan bersama
          tersebut sebagai ventura bersama.
          Sesuai dengan metode ekuitas, nilai perolehan                  Under the equity method, the cost of
          investasi ditambah atau dikurang dengan                        investment is increased or decreased by the
          bagian Kelompok Usaha atas laba atau rugi                      Group’s share in net earnings or losses of, and
          neto, dan penerimaan dividen dari entitas                      dividends received from, the associate and
          asosiasi dan ventura bersama sejak perolehan.                  joint venture since the date of acquisition.
          Laporan     laba   rugi    dan    penghasilan                  The consolidated statement of profit or loss and
          komprehensif         lain       konsolidasian                  other comprehensive income reflects the share
          mencerminkan bagian atas hasil operasi dari                    of the results of operations of the associates
          entitas asosiasi dan ventura bersama. Bila                     and joint venture. Where there has been a
          terdapat perubahan yang diakui langsung pada                   change recognized directly in the equity of the
          ekuitas dari entitas asosiasi dan ventura                      associates and joint venture, the Group
          bersama,      Kelompok     Usaha    mengakui                   recognizes its share of any such changes and
          bagiannya atas perubahan tersebut dan                          discloses this, when applicable, in the
          mengungkapkan hal ini, jika dapat diterapkan,                  consolidated statement of changes in equity.
          dalam      laporan      perubahan      ekuitas
          konsolidasian.


                                                            30
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PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                          As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                   AKUNTANSI          2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                               INFORMATION (continued)

    h.   Investasi pada Entitas Asosiasi dan Ventura                 h. Investments in Associates               and    Joint
         Bersama (lanjutan)                                             Venture (continued)

          Laba atau rugi yang belum direalisasi sebagai                  Unrealized gains and losses resulting from
          hasil dari transaksi-transaksi antara Kelompok                 transactions between the Group and the
          Usaha dengan entitas asosiasi dan ventura                      associates and joint venture are eliminated to
          bersama dieliminasi pada jumlah sesuai                         the extent of the Group’s interest in the
          dengan kepentingan Kelompok Usaha dalam                        associates and joint venture.
          entitas asosiasi dan ventura bersama.

          Kelompok Usaha menentukan pada setiap                          The Group determines at each reporting date
          tanggal pelaporan apakah terdapat bukti yang                   whether there is any objective evidence that its
          objektif yang mengindikasikan bahwa investasi                  investments in the associates and joint venture
          dalam entitas asosiasi dan ventura bersama                     are impaired. The Group determines whether it
          mengalami penurunan nilai. Kelompok Usaha                      is necessary to recognize an impairment loss
          menentukan apakah perlu untuk mengakui rugi                    on the Group’s investments in its associates
          penurunan nilai atas investasi Kelompok Usaha                  and joint venture.
          dalam entitas asosiasi dan ventura bersama.

          Apabila terdapat bukti objektif penurunan nilai,              If there is objective evidence of impairment, the
          Kelompok      Usaha      menghitung     jumlah                Group calculates the amount of impairment as
          penurunan nilai berdasarkan selisih antara                    the difference between the recoverable amount
          jumlah terpulihkan atas investasi dalam entitas               of investments in associates and their carrying
          asosiasi dan ventura bersama dan nilai                        value, and recognizes the impairment in the
          tercatatnya, dan mengakui penurunan nilai                     consolidated statement of profit or loss and
          tersebut dalam laporan laba rugi dan                          other comprehensive income.
          penghasilan komprehensif lain konsolidasian.

          Entitas menghentikan penggunaan metode                         An entity shall discontinue the use of the equity
          ekuitas sejak tanggal ketika investasinya                      method from the date when its investment
          berhenti menjadi investasi pada entitas                        ceases to be an investment in an associate or
          asosiasi atau ventura bersama sebagai berikut:                 a joint venture as follows:

          a. Jika investasi menjadi entitas anak, maka                   a.   If the investment becomes a subsidiary,
             entitas mencatat investasinya sesuai                             the entity shall account for the investment
             dengan PSAK 103: Kombinasi Bisnis dan                            in accordance with PSAK 103: Business
             PSAK       110:    Laporan      Keuangan                         Combinations        and      PSAK      110:
             Konsolidasian;                                                   Consolidated Financial Statements;

          b. Jika sisa kepentingan dalam entitas                         b.   If the remaining interest in an associate or
             asosiasi atau ventura bersama merupakan                          joint venture is a financial asset, the entity
             aset keuangan, maka entitas mengukur                             measures that remaining interest at fair
             sisa kepentingan tersebut pada nilai wajar.                      value. The fair value of the remaining
             Nilai wajar dari sisa kepentingan dianggap                       interest is considered the fair value at initial
             sebagai nilai wajar pada saat pengakuan                          recognition as a financial asset in
             awal sebagai aset keuangan sesuai                                accordance with PSAK 109: Financial
             dengan PSAK 109: Instrumen Keuangan.                             Instruments. The entity recognizes in profit
             Entitas mengakui dalam laba rugi selisih                         or loss the difference between:
             antara:

                i.  nilai wajar sisa kepentingan dan hasil                      i. the fair value of any retained interest
                    dari pelepasan sebagian kepentingan                            and the proceeds from the partial
                    pada entitas asosiasi atau ventura                             disposal of the interest in the
                    bersama; dan                                                   associate or joint venture; and
                ii. jumlah tercatat investasi pada tanggal                     ii. the carrying amount of the investment
                    penggunaan         metode      ekuitas                         at the date the equity method was
                    dihentikan.                                                    discontinued.




                                                             31
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PT JASA MARGA (PERSERO) Tbk                                                           PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                           For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                               As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                   AKUNTANSI              2. MATERIAL      ACCOUNTING                      POLICIES
   MATERIAL (lanjutan)                                                   INFORMATION (continued)

    h.    Investasi pada Entitas Asosiasi dan Ventura                    h. Investments in Associates                and     Joint
          Bersama (lanjutan)                                                Venture (continued)

          c. Ketika entitas menghentikan penggunaan                           c.   When an entity discontinues the use of the
             metode ekuitas, entitas mencatat seluruh                              equity method, the entity shall account for
             jumlah yang sebelumnya telah diakui                                   all amounts previously recognized in other
             dalam penghasilan komprehensif lain yang                              comprehensive income in relation to that
             terkait     dengan      investasi tersebut                            investment on the same basis as would be
             menggunakan dasar perlakuan yang sama                                 required if the investee had directly
             dengan yang disyaratkan jika investee                                 disposed of the related assets and
             telah melepaskan secara langsung aset                                 liabilities.
             dan liabilitas terkait.

     i.   Aset Tetap                                                     i.   Fixed Assets

          Aset tetap pada awalnya diakui sebesar biaya                        Fixed assets are initially recognized as the cost
          perolehan yang meliputi harga perolehannya                          of acquisition which includes their acquisition
          dan setiap biaya yang dapat diatribusikan                           price and any costs attributable directly to bring
          langsung untuk membawa aset ke kondisi dan                          the asset to the necessary condition and
          lokasi yang diperlukan agar aset siap                               location in order for the asset to be ready for
          digunakan sesuai intensi manajemen.                                 use as per management's intentions.

          Aset dalam pembangunan dinyatakan sebesar                           Assets in construction are expressed at the cost
          biaya perolehan dan dipindahkan ke aset tetap                       of acquisition and transferred to fixed assets at
          pada saat selesai dan siap digunakan.                               the time of completion and ready for use.

          Setelah pengakuan awal, aset tetap dinyatakan                       After initial recognition, fixed assets are carried
          sebesar biaya perolehan dikurangi akumulasi                         at their cost, less any accumulated
          penyusutan dan akumulasi rugi penurunan                             depreciation, and any accumulated impairment
          nilai.                                                              losses.

          Penyusutan dihitung dengan menggunakan                              Depreciation is calculated using the straight-
          metode garis lurus berdasarkan taksiran masa                        line method over the estimated useful lives of
          manfaat ekonomis aset, sebagai berikut:                             the assets, as follows:
                                                           Tahun/ Years

          Gedung Kantor dan Bangunan Lain                        20                                   Office and Other Buildings
          Peralatan Operasi dan Kantor                           3-5                           Operational and Office Equipment
          Kendaraan Bermotor                                     3-5                                                   Vehicles


          Tanah     dinyatakan    berdasarkan    harga                         Land is stated at cost and not depreciated.
          perolehan dan tidak disusutkan. Biaya                               Costs associated with the acquisition of legal
          pengurusan legal hak atas tanah ketika tanah                        rights of land when the land was first acquired
          diperoleh pertama kali diakui sebagai bagian                        are recognized as part of the cost of land.
          dari biaya perolehan aset tanah.

          Tanah     dinyatakan    berdasarkan    harga                         Land is stated at cost and not depreciated.
          perolehan dan tidak disusutkan. Biaya                               Costs associated with the acquisition of legal
          pengurusan legal hak atas tanah ketika tanah                        rights of land when the land was first acquired
          diperoleh pertama kali diakui sebagai bagian                        are recognized as part of the cost of land.
          dari biaya perolehan aset tanah.

          Biaya   pengurusan    perpanjangan      atau                        Costs associated with the extension or renewal
          pembaharuan legal hak atas tanah diakui                             of legal right of land are recognized as
          sebagai aset takberwujud dan diamortisasi                           intangible asset which is amortized over the
          sepanjang umur hukum hak atau umur                                  legal life of the land right or economic life of the
          ekonomis tanah, mana yang lebih pendek.                             land, whichever is shorter.




                                                            32
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PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                          As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                   AKUNTANSI          2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                               INFORMATION (continued)

     i.   Aset Tetap (lanjutan)                                      i.   Fixed Assets (continued)

          Aset dalam penyelesaian merupakan proyek                        Construction in progress are stated at cost and
          dalam pelaksanaan disajikan sebagai bagian                      presented     as     part    of   fixed assets.
          dari aset tetap dinyatakan sebesar biaya                        The accumulated costs are reclassified to
          perolehan. Akumulasi biaya perolehan akan                       the appropriate fixed assets account when the
          dipindahkan ke masing-masing aset tetap yang                    construction is completed and the constructed
          bersangkutan pada saat aset tersebut selesai                    asset is ready for its intended use.
          dikerjakan dan siap digunakan.

          Jumlah tercatat aset tetap dihentikan                           An item of fixed assets 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 from derecognition of the asset
          pelepasannya. Laba atau rugi yang timbul dari                   (calculated as the difference between the
          penghentian pengakuan aset (dihitung sebagai                    net disposal proceeds and the carrying
          selisih antara jumlah neto hasil pelepasan dan                  amount of the asset) is credited or charged
          jumlah tercatat dari aset) dikreditkan atau                     to current operations in the year the asset is
          dibebankan pada operasi tahun berjalan saat                     derecognized.
          aset tersebut dihentikan pengakuannya.

          Nilai residu, masa manfaat dan metode                           The fixed assets residual values, useful lives
          penyusutan dan amortisasi aset tetap ditelaah                   and methods of depreciation and amortization
          dan disesuaikan secara prospektif, apabila                      are reviewed and adjusted prospectively, if
          diperlukan, pada setiap akhir tahun buku.                       appropriate, at each financial year end.

     j.   Properti Investasi                                         j.   Investment Properties

          Properti investasi Kelompok Usaha terdiri dari                  Investment properties of the Group consist of
          tanah, bangunan dan prasarana yang dikuasai                     land, building and infrastructures held by the
          Kelompok Usaha untuk menghasilkan sewa                          Group to earn rentals or for capital appreciation
          atau kenaikan nilai atau keduanya, dan tidak                    or both, rather than for use in the production or
          digunakan dalam produksi atau penyediaan                        supply of goods or services or for administrative
          barang atau jasa atau untuk tujuan administratif                purposes or sale in the ordinary course of
          atau dijual dalam kegiatan usaha sehari-hari.                   business.

          Properti investasi dinyatakan sebesar biaya                      Investment properties are stated at cost
          perolehan termasuk biaya transaksi dikurangi                    including transaction cost less accumulated
          akumulasi penyusutan dan penurunan nilai, jika                  depreciation and impairment loss, if any, except
          ada, kecuali tanah yang tidak disusutkan. Total                 for land which is not depreciated. Carrying total
          tercatat termasuk bagian biaya penggantian                      cost includes the cost of replacing part of the
          dari properti investasi yang ada pada saat                      investment properties, if the recognition criteria
          terjadinya biaya, jika kriteria pengakuan                       are met, and excludes the daily expenses on
          terpenuhi, dan tidak termasuk biaya harian                      their usage.
          penggunaan properti investasi.

          Penyusutan bangunan dan prasarana dihitung                      Depreciation of buildings and infrastructures is
          dengan menggunakan metode garis lurus atas                      computed using the straight-line method over
          taksiran masa manfaat ekonomis berkisar 10                      their estimated useful lives ranging from 10
          (sepuluh) tahun sampai 30 (tiga puluh) tahun.                   (ten) years to 30 (thirty) years.

          Properti investasi Kelompok Usaha terdiri dari                  Investment properties of the Group consist of
          tanah, bangunan dan prasarana yang dikuasai                     land, building and infrastructures held by the
          Kelompok Usaha untuk menghasilkan sewa                          Group to earn rentals or for capital appreciation
          atau kenaikan nilai atau keduanya, dan tidak                    or both, rather than for use in the production or
          digunakan dalam produksi atau penyediaan                        supply of goods or services or for administrative
          barang atau jasa atau untuk tujuan administratif                purposes or sale in the ordinary course of
          atau dijual dalam kegiatan usaha sehari-hari.                   business.



                                                             33
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PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                           As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                    AKUNTANSI          2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                                INFORMATION (continued)
     j.   Properti Investasi (lanjutan)                               j.   Investment Properties (continued)
          Properti investasi dinyatakan sebesar biaya                       Investment properties are stated at cost
          perolehan termasuk biaya transaksi dikurangi                     including transaction cost less accumulated
          akumulasi penyusutan dan penurunan nilai, jika                   depreciation and impairment loss, if any, except
          ada, kecuali tanah yang tidak disusutkan. Total                  for land which is not depreciated. Carrying total
          tercatat termasuk bagian biaya penggantian                       cost includes the cost of replacing part of the
          dari properti investasi yang ada pada saat                       investment properties, if the recognition criteria
          terjadinya biaya, jika kriteria pengakuan                        are met, and excludes the daily expenses on
          terpenuhi, dan tidak termasuk biaya harian                       their usage.
          penggunaan properti investasi.
          Penyusutan bangunan dan prasarana dihitung                       Depreciation of buildings and infrastructures is
          dengan menggunakan metode garis lurus atas                       computed using the straight-line method over
          taksiran masa manfaat ekonomis berkisar 10                       their estimated useful lives ranging from 10
          (sepuluh) tahun sampai 30 (tiga puluh) tahun.                    (ten) years to 30 (thirty) years.
          Properti investasi dihentikan pengakuannya                        An    investment     property    should      be
          pada saat pelepasan atau ketika properti                         derecognized upon disposal or when the
          investasi tersebut tidak digunakan lagi secara                   investment property is permanently withdrawn
          permanen dan tidak memiliki manfaat                              from use and no future economic benefits are
          ekonomis di masa depan yang diharapkan                           expected from its disposal. Gains or losses
          pada saat pelepasannya. Laba atau rugi yang                      arising from the retirement or disposal of an
          timbul dari penghentian atau pelepasan                           investment property is credited or charged to
          properti investasi diakui dalam laporan laba rugi                the consolidated statement of profit or loss and
          dan       pendapatan       komprehensif      lain                other comprehensive income in the period the
          konsolidasian dalam periode terjadinya                           asset is derecognized or disposed.
          penghentian atau pelepasan tersebut.
          Pengalihan ke properti investasi dilakukan jika,                 The transfer to investment property is carried
          dan     hanya     jika, terdapat     perubahan                   out if, and only if, there is a change in use
          penggunaan       yang    ditunjukkan    dengan                   indicated by the termination of use by the
          berakhirnya      pemakaian      oleh    pemilik,                 owner, the commencement of operational
          dimulainya sewa operasi ke pihak lain atau                       leasing to another party, or the completion of
          selesainya           pembangunan           atau                  construction or development. The transfer from
          pengembangan. Pengalihan dari properti                           investment property is carried out if, and only if,
          investasi dilakukan jika, dan hanya jika,                        there is a change in use indicated by the
          terdapat     perubahan     penggunaan     yang                   commencement of use by the owner or the
          ditunjukkan dengan dimulainya penggunaan                         commencement of development for sale.
          oleh pemilik atau dimulainya pengembangan
          untuk dijual.
          Untuk pengalihan dari properti investasi ke                      For a transfer from investment properties to
          properti yang digunakan sendiri, Kelompok                        owner-occupied property, the Group uses the
          Usaha menggunakan metode biaya pada                              cost method at the date of change in use.
          tanggal perubahan penggunaan.
          Jika properti yang digunakan Kelompok Usaha                      If the property occupied by the Group becomes
          menjadi properti investasi, Kelompok Usaha                       an investment property, the Group records the
          mencatat properti investasi tersebut sesuai                      investment property in accordance with the
          kebijakan aset tetap sampai dengan saat                          fixed assets policies up to the date of change
          tanggal terakhir perubahan penggunaannya.                        in use.
          Pada tanggal 31 Desember 2025 dan 2024,                          As of December 31, 2025 and 2024,
          properti investasi tidak diasuransikan dan tidak                 investment properties are not insured and there
          ada biaya pinjaman yang dikapitalisasi.                          is no capitalized borrowing costs.

          Berdasarkan evaluasi manajemen, tidak                            Based on the assessment of the management,
          terdapat peristiwa atau perubahan keadaan                        there are no events or changes in
          yang mengindikasikan adanya penurunan nilai                      circumstances that indicate an impairment in the
          properti     investasi    pada     tanggal                       value of investment properties as of
          31 Desember 2025 dan 2024.                                       December 31, 2025 and 2024.

                                                              34
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PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                           As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                    AKUNTANSI          2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                                INFORMATION (continued)

      k. Aset Takberwujud Lain                                        k. Other Intangible Assets

           Perangkat lunak                                                Software

           Perangkat lunak dicatat sebagai aset                           Software recorded as other intangible assets.
           takberwujud lain. Aset takberwujud diukur                      Intangible assets are measured on initial
           sebesar nilai perolehan pada pengakuan awal.                   recognition at cost. The cost of intangible
           Nilai perolehan aset takberwujud yang                          assets acquired from business combinations is
           diperoleh dari kombinasi bisnis pada awalnya                   initially recognized at fair value as at the date of
           diakui sesuai nilai wajar pada tanggal akuisisi.               acquisition. Following initial recognition,
           Setelah pengakuan awal, aset takberwujud                       intangible assets are carried at cost less any
           dicatat pada nilai perolehan dikurangi                         accumulated amortization and if any,
           akumulasi amortisasi dan akumulasi rugi                        accumulated impairment loss. The useful life of
           penurunan nilai.       Umur manfaat       aset                 intangible assets are 3 years.
           takberwujud adalah 3 tahun.

           Aset konsesi pra-konstruksi                                    Pre-construction concession assets

           Aset Konsesi yang belum memasuki masa                          Concession assets that have not yet entered
           konstruksi dicatat sebagai aset takberwujud                    the construction period are recorded as other
           lain. Aset tersebut direklasifikasi sebagai aset               intangible assets. These assets are reclassified
           hak pengusahaan jalan tol ketika sudah                         as toll road concession rights assets when they
           memasuki masa konstruksi.                                      enter the construction period.

      l.   Perjanjian Konsesi Jasa                                    l. Service Concession Arrangement

           Kelompok Usaha telah menerapkan ISAK 112,                      The Group has adopted ISAK 112, “Service
           “Perjanjian Konsesi Jasa” dan ISAK 229,                        Concession Arrangement” and ISAK 229,
           “Perjanjian Konsesi Jasa: Pengungkapan”                        “Service Concession Arrangement: Disclosure”
           sehubungan dengan hak konsesi.                                 related to the concession rights.

           ISAK 112 mengatur prinsip umum dalam                           ISAK 112 determines the general principles in
           pengakuan dan pengukuran hak dan kewajiban                     the recognition and measurement of liabilities
           terkait dengan perjanjian konsesi jasa.                        and rights related to service concession
           ISAK 112 mengatur bahwa infrastruktur tidak                    arrangement. ISAK 112 regulates that an
           diakui sebagai aset tetap operator (pihak                      operator (concession right beneficiary) does
           penerima konsesi jasa) karena perjanjian jasa                  not recognize any infrastructure assets
           kontraktual tidak memberikan hak kepada                        because the contractual service arrangement
           operator untuk mengendalikan penggunaan                        does not convey the right to control the use of
           infrastruktur jasa publik. Operator memiliki                   the public service infrastructure to the operator.
           akses untuk mengoperasikan infrastruktur                       The operator has access to operate the
           dalam menyediakan jasa publik untuk                            infrastructure to provide the public service on
           kepentingan pemberi konsesi sesuai dengan                      behalf of the grantor in accordance with the
           persyaratan yang ditentukan dalam kontrak.                     terms specified in the contract.

           ISAK 229 memberikan panduan spesifik                           ISAK 229 provides specific guidance for the
           mengenai pengungkapan yang diperlukan atas                     required disclosures regarding the service
           perjanjian konsesi jasa.                                       concession arrangement.




                                                              35
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PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                           As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                    AKUNTANSI          2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                                INFORMATION (continued)

      l.   Perjanjian Konsesi Jasa (lanjutan)                          l. Service     Concession               Arrangement
                                                                          (continued)

           Kelompok Usaha membukukan perjanjian                           The Group accounts for its service concession
           konsesi jasa sebagai model aset takberwujud                    arrangement under the intangible asset model
           karena     memiliki     hak    (lisensi)   untuk               as it receives the right (license) to charge users
           membebankan pengguna jasa publik. Pada                         of public service. At initial recognition,
           saat pengakuan awal, aset konsesi dicatat                      concession assets are recorded at the fair value
           pada nilai wajar dari imbalan yang diterima atau               of the benefit received or to be received. These
           akan diterima. Aset konsesi ini adalah aset hak                concession assets are toll road concession
           pengelolaan jalan tol yang akan diamortisasi                   rights which are amortized over the remaining
           selama sisa masa hak konsesi sejak tanggal                     concession period from the date of operation of
           pengoperasian ruas jalan tol. Selama masa                      the toll road. During the construction period, the
           konstruksi, akumulasi biaya perolehan dan                      accumulated toll road construction cost is
           konstruksi jalan tol diakui sebagai aset konsesi               recognized as concession assets in progress.
           dalam     penyelesaian.      Amortisasi    mulai               The amortization of the cost starts when the
           dibebankan pada saat aset konsesi tersebut                     concession assets are ready to be operated.
           siap digunakan.

           Aset konsesi dihentikan pengakuannya pada                      The concession assets are derecognized at the
           saat berakhirnya masa konsesi. Tidak akan ada                  end of the concession period. There will be no
           keuntungan atau kerugian saat penghentian                      gain or loss upon derecognition as the
           pengakuan karena aset konsesi diharapkan                       concession assets which are expected to be
           telah diamortisasi secara penuh, akan                          fully amortized by then, will be handed over to
           diserahkan kepada Badan Pengatur Jalan Tol                     the Indonesia Toll Road Authority (“BPJT”) for
           (“BPJT”) tanpa syarat.                                         no consideration.

           Aset konsesi yang diberikan kepada Kelompok                    Concession asset granted to the Group are
           Usaha dapat dialihkan dengan persetujuan                       transferrable    with    approval  from   the
           Pemerintah/BPJT. Aset konsesi ini akan                         Government/BPJT. These concession assets
           diserahkan ke Pemerintah/BPJT pada saat                        will be transferred to the Government/BPJT at
           akhir masa konsesi dan pada saat itu, seluruh                  the end of the concession period and at such
           akun yang berhubungan dengan aset konsesi                      time, all accounts related to the concession
           akan dihentikan pengakuannya.                                  assets will be discontinued.

           Selama periode hak pengusahaan jalan tol,                      During the toll road concession rights period,
           aset hak pengusahaan jalan tol dapat                           the concession rights assets may be
           dikeluarkan dari laporan posisi keuangan                       derecognized from the consolidated statement
           konsolidasian Kelompok Usaha jika jalan tol                    of financial position of the Group if the toll road
           diserahkan (dikuasakan) kepada pihak lain                      is    transferred     to    another     party    or
           atau Pemerintah/BPJT mengubah status jalan                     the Government/BPJT has changed the status
           tol menjadi jalan non tol atau tidak ada manfaat               of the toll road to non-toll road or if there is no
           ekonomi yang dapat diharapkan dari                             economic benefit expected from usage of
           penggunaannya. Keuntungan atau kerugian                        the toll road. Gain or loss from discontinuance
           yang timbul dari penghentian atau pelepasan                    or disposal of concession assets is recognized
           aset konsesi diakui sebagai keuntungan atau                    in the consolidated statement of profit or loss
           kerugian dalam laporan laba rugi dan                           and other comprehensive income.
           penghasilan komprehensif lain konsolidasian.

           Selain itu, Kelompok Usaha mengakui dan                        In addition, the Group recognizes and
           mengukur pendapatan konstruksi sesuai                          measures construction revenue in accordance
           dengan PSAK 115 “Pendapatan Dari Kontrak                       with PSAK 115 "Revenue from contracts with
           Dengan Pelanggan”. Ketika Kelompok Usaha                       customers". When the Group provides
           menyediakan jasa konstruksi atau peningkatan                   construction services or upgrades services, the
           kemampuan, imbalan yang diterima atau akan                     consideration received or to be received by the
           diterima Kelompok Usaha diakui nilai wajar.                    Group is recognized at its fair value.




                                                              36
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PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                           As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                    AKUNTANSI          2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                                INFORMATION (continued)

      l.   Perjanjian Konsesi Jasa (lanjutan)                          l. Service     Concession               Arrangement
                                                                          (continued)

           Kelompok Usaha mengakui biaya jasa                            The Group recognizes construction services
           konstruksi dan peningkatan kemampuan aset                     and increased capacity of concession asset as
           konsesi sebagai aset takberwujud dimana                       intangible assets which the Group receives the
           Kelompok Usaha menerima hak (lisensi) untuk                   rights (license) to charge users of public
           membebankan pengguna jasa publik. Suatu                       services. A right to charge users of public
           hak untuk membebankan pengguna jasa publik                    services is not an unconditional right to receive
           bukan merupakan hak tanpa syarat untuk                        cash because the amounts depend on the
           menerima kas karena jumlahnya bergantung                      extent of public using the service. During the
           pada sejauh mana publik menggunakan jasa.                     construction period, the Group records
           Selama periode konstruksi, Kelompok Usaha                     intangible assets, and recognizes revenues and
           mencatat aset takberwujud dan mengakui                        costs of construction in accordance with the
           pendapatan dan biaya konstruksi sesuai                        contract. Construction cost is the value of the
           kontraknya. Biaya konstruksi merupakan nilai                  amount of acquisition of a construction contract.
           dari jumlah perolehan kontrak konstruksi.

           Aset konsesi diamortisasi selama masa                          The concession assets are amortized over the
           konsesi dengan menggunakan metode sebagai                      concession period using the following method:
           berikut:
           •    Aset hak pengusahaan jalan tol untuk                      •    Toll road concession rights for toll roads
                jalan dan jembatan tol diamortisasi                            and toll bridges are amortized using unit of
                dengan menggunakan metode unit                                 usage method based on traffic volume;
                pemakaian berdasarkan volume lalu                              and
                lintas; dan
           •    Aset hak pengusahaan jalan tol selain                     •    Toll road concession rights aside from toll
                jalan dan jembatan tol diamortisasi                            roads and toll bridges are amortized using
                dengan menggunakan metode garis lurus.                         straight-line method.

           Aset kerja sama operasi                                        Joint operation assets
           Jalan tol yang pembangunannya didanai oleh                     The construction of toll road is funded by
           investor tanpa kuasa penyelenggaraan dengan                    investors without operation rights under
           pola bagi pendapatan atau bagi hasil tol untuk                 revenue or profit-sharing scheme for certain
           masa tertentu, selama pengoperasiannya                         period of time, while the operation is controlled
           dikendalikan oleh Perusahaan, dicatat sebagai                  by the Company and is recorded as joint
           jalan tol kerja sama operasi dan liabilitas                    operation toll road and joint operation liabilities
           (jangka panjang) kerja sama operasi pada saat                  (long-term) when the construction is completed
           jalan tol selesai dibangun dan diserahkan oleh                 and transferred by the investor to the Company
           investor kepada Perusahaan untuk operasi.                      for operation.

           Provisi pelapisan jalan tol                                    Provision for overlay
           Dalam pengoperasian jalan tol, Kelompok                        In operating toll roads, the Group is required to
           Usaha mempunyai kewajiban untuk menjaga                        maintain quality in accordance with the SPM
           kualitas sesuai dengan SPM (Standar                            (Minimal Service Standards) established by the
           Pelayanan Minimal) yang ditetapkan oleh                        Ministry of Public Works of the Republic of
           Kementerian Pekerjaan Umum Republik                            Indonesia, i.e., by performing overlay regularly.
           Indonesia, yaitu antara lain dengan melakukan                  The cost of overlay is periodically provided for
           pelapisan ulang jalan tol secara berkala.                      based on estimated utilization of toll road by
           Biaya pelapisan ini akan dicadangkan secara                    customers. Provision for overlay is measured
           berkala berdasarkan estimasi penggunaan                        by the present value of management's estimate
           jalan tol pelanggan. Provisi pelapisan ulang                   on required expenditure to complete the current
           jalan tol diukur dengan nilai kini atas estimasi               liabilities.
           manajemen terhadap pengeluaran yang
           diperlukan untuk menyelesaikan liabilitas kini.




                                                              37
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PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                          For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                              As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                    AKUNTANSI             2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                                   INFORMATION (continued)
      l.   Perjanjian Konsesi Jasa (lanjutan)                             l. Service     Concession               Arrangement
                                                                             (continued)
           Biaya pinjaman                                                    Borrowing costs

           Biaya pinjaman yang dapat diatribusikan                           Borrowing costs directly attributable to the
           langsung dengan perolehan, pembangunan,                           acquisition, construction or production of an
           atau pembuatan aset yang membutuhkan                              asset that necessarily takes a substantial
           waktu yang cukup lama untuk persiapan                             period of time to get ready for its intended use
           digunakan sesuai tujuannya atau dijual                            or sale are capitalized as part of the cost of the
           dikapitalisasi sebagai bagian dari biaya aset.                    asset. All other borrowing costs are expensed
           Semua biaya pinjaman lainnya diakui sebagai                       in the period they occur.       Borrowing costs
           beban pada periode terjadi. Biaya pinjaman                        consist of interest and other costs that the
           terdiri dari biaya bunga dan biaya lain yang                      Group incurs in connection with the borrowing
           ditanggung oleh Kelompok Usaha sehubungan                         of funds.
           dengan peminjaman dana.

           Biaya bunga dan biaya pinjaman lainnya,                           Interest and other borrowing costs, such as
           seperti diskonto baik yang secara langsung                        discount fees on loans either directly or
           ataupun tidak langsung digunakan untuk                            indirectly used in financing the construction of a
           mendanai      proses     pembangunan        aset                  qualifying assets, are capitalized up to the date
           kualifikasian (qualifying assets), dikapitalisasi                 when the construction is completed. For
           sampai saat proses pembangunannya selesai.                        borrowings directly attributable to a qualifying
           Untuk pinjaman yang dapat dihubungkan                             asset, the amount allowed to be capitalized is
           secara langsung dengan suatu aset tertentu,                       determined as the actual borrowing costs
           jumlah yang dapat dikapitalisasi adalah                           incurred during the year, less any investment
           sebesar biaya pinjaman yang terjadi dalam                         income earned from the temporary investment
           periode berjalan, dikurangi penghasilan                           of such borrowings.
           investasi sementara dari pinjaman tersebut.
           Kapitalisasi biaya pinjaman dimulai pada saat                     Capitalization of borrowing costs commences
           aktivitas      yang       diperlukan     untuk                    when the activities to prepare the qualifying
           mempersiapkan aset agar dapat digunakan                           asset for its intended use are in progress and
           sesuai dengan maksudnya dan pengeluaran                           the expenditures for the qualifying asset and
           untuk aset kualifikasian dan biaya pinjamannya                    the borrowing costs have been incurred.
           telah terjadi. Kapitalisasi biaya pinjaman                        Capitalization of borrowing costs ceases when
           dihentikan pada saat selesainya secara                            substantially all the activities necessary to
           substansi seluruh aktivitas yang diperlukan                       prepare the qualifying asset for its intended use
           untuk mempersiapkan aset kualifikasian sesuai                     are substantially completed.
           penggunaannya selesai secara substansial.

     m. Penurunan Nilai Aset Non-Keuangan                                m. Impairment of Non-Financial Assets

           Pada setiap akhir tahun pelaporan, Kelompok                       At the end of each reporting year, the Group
           Usaha menilai apakah terdapat indikasi suatu                      assesses whether there are indications of an
           aset mengalami penurunan nilai. Jika terdapat                     asset declining in value. If there is such an
           indikasi, maka Kelompok Usaha membuat                             indication, the Group shall make a formal
           estimasi jumlah terpulihkan aset tersebut.                        estimate of the recovered amount of the asset.

           Jumlah terpulihkan yang ditentukan untuk aset                     An asset’s recoverable amount is the higher of
           individual adalah jumlah yang lebih tinggi antara                 the assets or its Cash-Generating Unit’s
           nilai wajar aset atau Unit Penghasil Kas (UPK)                    (CGU’s) fair value less costs to sell and its
           dikurangi biaya untuk menjual dengan nilai                        value in use, and is determined for an individual
           pakainya, kecuali aset tersebut tidak                             asset, 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. If the
           lain. Jika nilai tercatat aset lebih besar daripada               carrying amount of an asset exceeds its
           nilai terpulihkannya, maka aset tersebut                          recoverable amount, the asset is considered
           dipertimbangkan mengalami penurunan nilai                         impaired and is written down to its recoverable
           dan nilai tercatat aset diturunkan nilainya                       amount.
           menjadi sebesar nilai terpulihkannya.


                                                                 38
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PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                          As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                    AKUNTANSI         2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                               INFORMATION (continued)

     m. Penurunan          Nilai    Aset     Non-Keuangan            m. Impairment       of     Non-Financial        Assets
        (lanjutan)                                                      (continued)

         Rugi penurunan nilai dari operasi yang                        Impairment losses of continuing operations are
         berkelanjutan diakui pada laporan laba rugi dan               recognized in the consolidated statement of profit
         penghasilan komprehensif lain konsolidasian                   or loss and other comprehensive income as
         sebagai “rugi penurunan nilai”, jika ada.                     “impairment losses”, if any.

         Dalam menghitung nilai pakai, estimasi arus                   In assessing the value in use, the estimated net
         kas masa depan neto didiskontokan ke nilai kini               future cash flows are discounted to their present
         dengan      menggunakan    tingkat  diskonto                  value using a pre-tax discount rate that reflects
         sebelum pajak yang menggambarkan penilaian                    current market assessments of the time value of
         pasar kini dari nilai waktu uang dan risiko                   money and the risks specific to the asset.
         spesifik atas aset.

         Dalam menentukan nilai wajar dikurangi biaya                  In determining fair value less costs to sell, recent
         untuk menjual, transaksi pasar terkini dijadikan              market transactions are considered, if available.
         sebagai acuan, jika tersedia. Jika tidak terdapat             If no such transactions can be identified, an
         transaksi tersebut, digunakan model penilaian                 appropriate valuation model is used to determine
         yang sesuai untuk menentukan nilai wajar aset.                the fair value of the asset.

         Kerugian penurunan, jika ada, diakui pada                     Impairment losses, if any, are recognized in the
         laporan     laba    rugi   dan      penghasilan               consolidated statement of profit or loss and other
         komprehensif lain konsolidasian sesuai dengan                 comprehensive      income     under       expense
         kategori biaya yang konsisten dengan fungsi                   categories that are consistent with the functions
         dari aset yang diturunkan nilainya.                           of the impaired asset.

         Penilaian dilakukan pada akhir pelaporan                       An assessment is made at each annual reporting
         tahunan apakah terdapat indikasi bahwa rugi                    year as to whether there is any indication that
         penurunan nilai yang telah diakui dalam tahun                  previously recognized impairment losses
         sebelumnya untuk aset selain goodwill mungkin                  recognized for an asset other than goodwill may
         tidak ada lagi atau mungkin telah terbalik. Jika               no longer exist or may have been reversed. If
         indikasi dimaksud ditemukan, maka entitas                      such an indication exists, the recoverable
         mengestimasi jumlah terpulihkan aset tersebut.                 amount is estimated. A previously recognized
         Kerugian penurunan nilai yang telah diakui                     impairment loss for an asset other than goodwill
         dalam tahun sebelumnya untuk aset selain                       is reversed only if there has been a change in the
         goodwill dibalik hanya jika terdapat perubahan                 assumptions used to determine the asset’s
         asumsi-asumsi      yang     digunakan       untuk              recoverable amount since the last impairment
         menentukan jumlah terpulihkan aset tersebut                    loss was recognized.
         sejak rugi penurunan nilai terakhir diakui.

         Apabila terdapat pembalikan penurunan nilai,                   If there is reversal of impairment, the carrying
         jumlah tercatat aset dinaikkan ke jumlah                       amount of the asset is increased to its
         terpulihkannya. Pembalikan tersebut dibatasi                   recoverable amount. However, the reversal is
         sehingga jumlah tercatat aset tidak melebihi                   limited so that the carrying amount of the asset
         jumlah terpulihkannya maupun jumlah tercatat                   does not exceed its recoverable amount, nor
         yang telah disesuaikan, penyusutan bersih,                     exceeds the carrying amount that would have
         seandainya tidak ada rugi penurunan nilai yang                 been determined, net of depreciation, had no
         telah diakui untuk aset tersebut pada tahun                    impairment loss been recognized for the asset in
         sebelumnya. Pembalikan rugi penurunan nilai                    prior years. Reversal of an impairment loss is
         diakui dalam laporan laba rugi dan penghasilan                 recognized in the consolidated statement of
         komprehensif lain konsolidasian. Setelah                       profit or loss and other comprehensive income.
         pembalikan tersebut, penyusutan aset tersebut                  After such a reversal, the depreciation charge on
         disesuaikan di tahun mendatang untuk                           the said asset is adjusted in future years to
         mengalokasikan jumlah tercatat aset yang                       allocate the asset’s revised carrying amount,
         direvisi, dikurangi nilai sisanya, dengan dasar                less any residual value, on a systematic basis
         yang sistematis selama sisa umur manfaatnya.                   over its remaining useful life.




                                                             39
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PT JASA MARGA (PERSERO) Tbk                                                             PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                         For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                             As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                    AKUNTANSI            2. MATERIAL      ACCOUNTING                      POLICIES
   MATERIAL (lanjutan)                                                  INFORMATION (continued)

     m. Penurunan            Nilai   Aset    Non-Keuangan               m. Impairment           of    Non-Financial      Assets
        (lanjutan)                                                         (continued)

         Goodwill diuji untuk penurunan nilai setiap                       Goodwill is tested for impairment annually and
         tahun dan ketika terdapat suatu indikasi bahwa                    when circumstances indicate that the carrying
         nilai    tercatatnya    mungkin     mengalami                     value may be impaired. Impairment is
         penurunan nilai. Penurunan nilai bagi goodwill                    determined for goodwill by assessing the
         ditetapkan dengan menentukan jumlah tiap                          recoverable amount of each CGU (or group of
         UPK (atau kelompok UPK) terkait dari goodwill.                    CGU) to which the goodwill relates. Where the
         Jika jumlah terpulihkan UPK kurang dari jumlah                    recoverable amount of the CGU is less than its
         tercatatnya, rugi penurunan nilai diakui. Rugi                    carrying amount, an impairment loss is
         penurunan nilai terkait goodwill tidak dapat                      recognized. Impairment losses relating to
         dibalik pada periode-periode berikutnya.                          goodwill cannot be reversed in future periods.

      n. Sewa                                                           n. Leases

          Kelompok usaha sebagai lessee                                    The group as lessee

          Untuk menilai apakah kontrak memberikan hak                      To assess whether a contract conveys the right
          untuk mengendalikan penggunaan aset                              to control the use of an identified asset, the
          identifikasian, Kelompok Usaha harus menilai                     Group shall assess whether:
          apakah:
          - Kelompok Usaha memiliki hak untuk                               -        The Group has the right to obtain
              mendapatkan secara subtansial seluruh                                  substantially all the economic benefits from
              manfaat ekonomi dari penggunaan aset                                   the use of the asset throughout the period
              identifikasian; dan                                                    of use; and

          -        Kelompok Usaha memiliki hak untuk                        -        The Group has the right to direct the use of
                   mengarahkan         penggunaan        aset                        the asset. The Group has this right when it
                   identifikasian. Kelompok Usaha memiliki                           has the decision-making rights that are the
                   hak ini ketika Kelompok Usaha memiliki hak                        most relevant to changing how and for what
                   untuk pengambilan keputusan yang relevan                          purpose the asset is used are
                   tentang bagaimana dan untuk tujuan apa                            predetermined:
                   aset      digunakan    telah   ditentukan
                   sebelumnya dengan:

              1.    Kelompok Usaha memiliki hak untuk                           1.     The Group has the right to operate the
                    mengoperasikan aset; atau                                          asset; or
              2.    Kelompok Usaha telah mendesain aset                         2.     The Group has designed assets by pre-
                    dengan cara menetapkan sebelumnya                                  stipulating how and for what purpose they
                    bagaimana dan untuk tujuan apa aset                                will be used during the period of use.
                    akan   digunakan     selama  periode
                    penggunaan.

          Pada tanggal insepsi atau pada penilaian                          At the inception or on reassessment of a
          kembali atas kontrak yang mengandung                              contract that contains a lease component, the
          sebuah komponen sewa, Kelompok Usaha                              Group allocates the consideration in the
          mengalokasikan imbalan dalam kontrak ke                           contract to each lease component on the basis
          masing-masing komponen sewa berdasarkan                           of their relative stand-alone prices and the
          harga tersendiri relatif dari komponen sewa dan                   aggregate stand-alone price of the non-lease
          harga tersendiri agregat komponen non sewa.                       components.




                                                                40
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PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                          As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                    AKUNTANSI         2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                               INFORMATION (continued)

    n.   Sewa (lanjutan)                                             n.   Leases (continued)

          Pada tanggal permulaan sewa, Kelompok                           The Group recognizes the right of use assets
          Usaha mengakui aset hak guna dan liabilitas                     and a lease liability at the lease
          sewa. Aset hak guna diukur pada biaya                           commencement date. The right-of-use asset is
          perolehan, dimana meliputi jumlah pengukuran                    initially measured at cost, which comprises the
          awal liabilitas sewa yang disesuaikan dengan                    initial amount of the lease liability adjusted for
          pembayaran sewa yang dilakukan pada atau                        any lease payment made at or before the
          sebelum tanggal permulaan, ditambah dengan                      commencement date, plus an estimate of costs
          estimasi biaya yang akan dikeluarkan untuk                      to dismantle and remove the underlying asset
          membongkar dan memindahkan aset pendasar                        or to restore the underlying asset to the
          atau untuk merestorasi aset pendasar ke                         condition required by the terms and conditions
          kondisi yang disyaratkan dan ketentuan sewa,                    of the lease, less any lease incentives received.
          dikurangi dengan insentif sewa yang diterima.

          Aset hak guna kemudian disusutkan                               The right of use asset is subsequently
          menggunakan metode garis lurus dari tanggal                     depreciated using the straight-line method from
          permulaan hingga tanggal yang lebih awal                        the commencement date to the earlier of the
          antara akhir umur manfaat aset hak guna atau                    end of the useful life of the right-of-use asset or
          akhir masa sewa.                                                the end of the lease term.

          Liabilitas sewa diukur pada nilai kini                          The lease liability is initially measured at the
          pembayaran sewa yang belum dibayar pada                         present value of the lease payments that are
          tanggal permulaan, didiskontokan dengan                         not paid at the commencement date,
          menggunakan suku bunga implisit dalam sewa                      discounted using the interest rate implicit in the
          atau jika suku bunga tersebut tidak dapat                       lease or, if that rate cannot be readily
          ditentukan, maka menggunakan suku bunga                         determined, using an incremental borrowing
          pinjaman inkremental. Pada umumnya,                             rate. Generally, the Group uses its incremental
          Kelompok Usaha menggunakan suku bunga                           borrowing rate as the discount rate.
          pinjaman inkremental sebagai tingkat bunga
          diskonto.

          Pembayaran sewa yang termasuk dalam                             Lease payments included in the measurement
          pengukuran     liabilitas sewa meliputi                         of the lease liability from fixed payments.
          pembayaran tetap.

          Setiap pembayaran sewa dialokasikan sebagai                     Each lease payment is allocated between
          beban keuangan dan pengurangan liabilitas                       finance cost and reduction of the lease liability
          sehingga menghasilkan tingkat suku bunga                        so as to achieve a constant rate on the finance
          yang konstan atas saldo liabilitas yang tersisa.                balance outstanding. The corresponding rental
          Liabilitas sewa yang terkait, dikurangi dengan                  obligations, net of finance cost, are included in
          beban keuangan, dimasukkan ke dalam                             “lease liabilities”.
          “liabilitas sewa”.

          Elemen bunga dari beban keuangan                                The interest element of the finance cost is
          dibebankan pada laba rugi selama periode                        charged to profit or loss over the lease period
          sewa sehingga menghasilkan tingkat bunga                        so as to produce a constant periodic rate of
          periodik yang konstan untuk saldo liabilitas                    interest on the remaining balance of the liability
          yang tersisa pada setiap periode.                               for each period.

          Kelompok Usaha menyajikan aset hak guna                         The Group presents right of use assets as part
          sebagai bagian dari “aset tetap” dan “liabilitas                of “fixed assets” and “lease liabilities” in the
          sewa” di dalam laporan posisi keuangan.                         statement of financial position.

          Kelompok Usaha menyusutkan aset hak guna                        The Group depreciates the right-of-use asset
          dari tanggal permulaan hingga tanggal yang                      from the commencement date to the earlier of
          lebih awal antara akhir umur manfaat aset hak                   the end of the useful life of the right-of-use asset
          guna atau akhir masa sewa.                                      or the end of the lease term.



                                                             41
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PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                           As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                    AKUNTANSI         2. MATERIAL      ACCOUNTING                      POLICIES
   MATERIAL (lanjutan)                                               INFORMATION (continued)

    n.   Sewa (lanjutan)                                             n.   Leases (continued)

          Sewa jangka pendek                                              Short-term leases

          Kelompok Usaha memutuskan untuk tidak                           The Group has elected not to recognize right of
          mengakui aset hak guna dan liabilitas sewa                      use assets and lease liabilities for short-term
          untuk sewa jangka pendek yang memiliki masa                     leases that have a lease term of 12 months or
          sewa 12 bulan atau kurang. Kelompok Usaha                       less. The Group recognizes the leases
          mengakui pembayaran sewa atas sewa                              payments associated with these leases as an
          tersebut sebagai beban dengan dasar garis                       expense on a straight-line basis over the lease
          lurus selama masa sewa.                                         term.

    o.   Perpajakan                                                  o.   Taxation

          Pajak penghasilan badan                                         Corporate income tax

          Beban pajak adalah jumlah gabungan pajak                        Tax expense is the aggregate amount of
          kini dan pajak tangguhan yang diperhitungkan                    current tax and deferred tax which calculated
          dalam menentukan laba rugi pada suatu                           in determining profit or loss in the period.
          periode. Pajak kini dan pajak tangguhan diakui                  Current tax and deferred tax is recognized in
          dalam laba rugi, kecuali pajak penghasilan                      profit or loss, except for income tax arising
          yang timbul dari transaksi atau peristiwa yang                  from transactions or events that are
          diakui dalam penghasilan komprehensif lain                      recognized in other comprehensive income or
          atau secara langsung di ekuitas. Dalam hal ini,                 directly in equity. In this case, the tax is
          pajak tersebut masing-masing diakui dalam                       recognized in other comprehensive income or
          penghasilan komprehensif lain atau ekuitas.                     equity, respectively.

          Jumlah pajak kini untuk periode berjalan dan                    Current tax for current and prior periods shall,
          periode sebelumnya yang belum dibayar diakui                    to the extent unpaid, be recognised as a
          sebagai liabilitas. Jika jumlah pajak yang                      liability. If the amount already paid in respect
          dibayar untuk periode berjalan dan periode-                     of current and prior periods exceeds the
          periode sebelumnya melebihi jumlah pajak                        amount due for those periods, the excess shall
          yang terutang untuk periode tersebut, maka                      be recognised as an asset. Current tax
          kelebihannya diakui sebagai aset. Liabilitas                    liabilities (assets) for the current and prior
          (aset) pajak kini untuk periode berjalan dan                    periods shall be measured at the amount
          periode sebelumnya diukur sebesar jumlah                        expected to be paid to (recovered from) the
          yang diperkirakan akan dibayar kepada otoritas                  taxation authorities, using the tax rates (and
          perpajakan, yang dihitung menggunakan tarif                     tax laws) that have been enacted or
          pajak (dan undang-undang pajak) yang telah                      substantively enacted by the end of the
          berlaku atau telah berlaku pada akhir periode                   reporting period.
          pelaporan.

          Manfaat terkait dengan rugi pajak yang dapat                    Benefits related to tax losses that can be
          ditarik untuk memulihkan pajak kini dari periode                withdrawn to recover current tax of prior
          sebelumnya diakui sebagai aset. Aset pajak                      periods is recognized as an asset. Deferred tax
          tangguhan diakui untuk akumulasi rugi pajak                     asset is recognized for the carryforward of
          belum dikompensasi dan kredit pajak belum                       unused tax losses and unused tax credit to the
          dimanfaatkan sepanjang kemungkinan besar                        extent that it is probable that future taxable
          laba kena pajak masa depan akan tersedia                        profit will be available against which the
          untuk dimanfaatkan dengan rugi pajak belum                      unused tax losses and unused tax credits can
          dikompensasi dan kredit pajak belum                             be utilized.
          dimanfaatkan.

          Seluruh perbedaan temporer kena pajak diakui                    A deferred tax liability shall be recognised for
          sebagai liabilitas pajak tangguhan, kecuali                     all taxable temporary differences, except to the
          perbedaan temporer kena pajak yang berasal                      extent that the deferred tax liability arises from:
          dari:




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PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                           As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                   AKUNTANSI           2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                                INFORMATION (continued)

    o.   Perpajakan (lanjutan)                                       o.   Taxation (continued)

          Pajak penghasilan badan (lanjutan)                              Corporate income tax (continued)

          a)   Pengakuan awal goodwill; atau                              a)   The initial recognition of goodwill; or
          b)   Pengakuan awal aset atau liabilitas dari                   b)   The initial recognition of an asset or
               transaksi yang bukan kombinasi bisnis dan                       liability in a transaction which is not a
               pada saat transaksi tidak memengaruhi                           business combination and at the time of
               laba akuntansi atau laba kena pajak (rugi                       the transaction, affects neither accounting
               pajak); dan                                                     profit nor taxable profit (tax loss); and
          c)   Pada saat transaksi tidak menimbulkan                      c)   At the time of the transaction does not give
               perbedaan temporer kena pajak dan                               rise to equal taxable and deduction
               perbedaan temporer dapat dikurangkan                            temporary difference.
               dalam jumlah yang sama.

          Aset pajak tangguhan diakui untuk seluruh                       A deferred tax asset shall be recognized for all
          perbedaan temporer dapat dikurangkan                            deductible temporary differences to the extent
          sepanjang kemungkinan besar laba kena pajak                     that it is probable that taxable profit will be
          akan tersedia sehingga perbedaan temporer                       available against which the deductible
          dapat dimanfaatkan untuk mengurangi laba                        temporary difference can be utilized, unless the
          dimaksud, kecuali jika aset pajak tangguhan                     deferred tax asset arises from the initial
          timbul dari pengakuan awal atau pengakuan                       recognition of an asset or liability in a
          awal liabilitas dalam transaksi yang bukan                      transaction that is not a business combination
          kombinasi bisnis dan pada saat transaksi tidak                  and at the time of the transaction affects neither
          memengaruhi laba akuntansi atau laba kena                       accounting profit nor taxable profit (tax loss),
          pajak (rugi pajak), dan pada saat transaksi tidak               and at the time the transaction does not give
          menimbulkan perbedaan temporer kena pajak                       rise to taxable temporary differences and the
          dan perbedaan temporer dapat dikurangkan                        temporary differences can be deducted in the
          dalam jumlah yang sama.                                         same amount.

          Atau dari perbedaan temporer yang dapat                         Or from temporary differences that can be
          dikurangkan atas investasi pada entitas anak,                   deducted on investments in subsidiaries,
          aset pajak tangguhan hanya diakui bila besar                    deferred tax assets are only recognized when
          kemungkinannya bahwa beda temporer itu                          it is probable that the temporary differences will
          tidak akan dibalik dalam waktu dekat dan laba                   not reverse in the near future and taxable
          kena pajak dapat dikompensasi dengan beda                       income can be offset by those temporary
          temporer tersebut.                                              differences.

          Pajak tangguhan diukur dengan menggunakan                       Deferred tax is measured at the tax rates that
          tarif pajak yang diperkirakan berlaku ketika aset               are expected to apply to the period when the
          dipulihkan     atau     liabilitas diselesaikan,                asset is realized or the liability is settled, based
          berdasarkan tarif pajak (dan peraturan pajak)                   on tax rates (and tax laws) that have been
          yang telah berlaku atau secara substantif telah                 enacted or substantively enacted by the end of
          berlaku pada akhir periode pelaporan.                           the reporting period. The measurement of
          Pengukuran aset dan liabilitas pajak tangguhan                  deferred tax liabilities and deferred tax assets
          mencerminkan konsekuensi pajak yang sesuai                      shall reflect the tax consequences that would
          dengan cara Perusahaan memperkirakan,                           follow from the manner in which the Company
          pada akhir periode pelaporan, untuk                             expects, at the end of the reporting period, to
          memulihkan atau menyelesaikan jumlah                            recover or settle the carrying amount of its
          tercatat aset dan liabilitasnya.                                assets and liabilities.




                                                              43
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PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                         For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                             As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                   AKUNTANSI             2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                                  INFORMATION (continued)
    o.   Perpajakan (lanjutan)                                         o.   Taxation (continued)
          Pajak penghasilan badan (lanjutan)                                Corporate income tax (continued)

          Jumlah tercatat aset pajak tangguhan ditelaah                     The carrying amount of a deferred tax asset is
          ulang pada akhir periode pelaporan. Kelompok                      reviewed at the end of each reporting period.
          Usaha       mengurangi      jumlah    tercatat                    The Group shall reduce the carrying amount of
          aset pajak tangguhan jika kemungkinan besar                       a deferred tax asset to the extent that it is no
          laba       kena      pajak      tidak     lagi                    longer probable that sufficient taxable profit will
          tersedia dalam jumlah yang memadai untuk                          be available to allow the benefit of part or all of
          mengkompensasikan sebagian atau seluruh                           that deferred tax asset to be utilised. Any such
          aset pajak tangguhan tersebut. Setiap                             reduction shall be reversed to the extent that it
          pengurangan tersebut dilakukan pembalikan                         becomes probable that sufficient taxable profit
          atas    aset    pajak    tangguhan     hingga                     will be available.
          kemungkinan besar laba kena pajak yang
          tersedia jumlahnya memadai.

          Kelompok Usaha melakukan saling hapus aset                        The Group offsets deferred tax assets and
          pajak tangguhan dan liabilitas pajak tangguhan                    deferred tax liabilities if, and only if:
          jika dan hanya jika:
           a) Kelompok Usaha memiliki hak yang dapat                         a)    The Group has rights that can be
              dipaksakan        secara    hukum   untuk                            enforced by law to offsets current tax
              melakukan saling hapus aset pajak kini                               assets against current tax liabilities; and
              terhadap liabilitas pajak kini; dan
           b) Aset pajak tangguhan dan liabilitas pajak                      b)    The deferred tax assets and deferred tax
              tangguhan        terkait   dengan   pajak                            liabilities related to income taxes levied
              penghasilan yang dikenakan oleh otoritas                             by the same taxation authority on:
              perpajakan yang sama atas:
               i.    Entitas kena pajak yang sama; atau                            i.    The same taxable entity; or
               ii.   Entitas kena pajak yang berbeda yang                          ii.   Different taxable entities which
                     bermaksud untuk memulihkan aset                                     intend to recover current tax assets
                     dan liabilitas pajak kini dengan dasar                              and liabilities with a net basis, or
                     neto, atau merealisasikan aset dan                                  realize the asset and settle the
                     menyelesaikan       liabilitas  secara                              liabilities simultaneously, in each
                     bersamaan, pada setiap periode masa                                 future period in which significant
                     depan dimana jumlah signifikan atas                                 amounts of the assets or deferred
                     aset atau liabilitas pajak tangguhan                                tax liabilities are expected to be
                     diperkirakan untuk diselesaikan atau                                completed or restored.
                     dipulihkan.

          Aset pajak kini dan liabilitas pajak kini disajikan               The offset current tax assets and current tax
          jika, dan hanya jika, Kelompok Usaha:                             liabilities if, and only if, the Group:
          1) Memiliki hak yang berkekuatan hukum                            1) Owned legally enforceable right to set-off
               untuk menghapus dalam jumlah yang                                 the recognized amounts; and
               diakui; dan
          2) Bermaksud untuk menyelesaikan dengan                           2)    Intends either to settle on a net basis, or
               dasar neto atau merealisasikan aset                                to realize the assets and settle liabilities
               dan menyelesaikan liabilitas secara                                simultaneously.
               bersamaan.

          Pajak penghasilan final                                           Final income tax

          Penghasilan dari penjualan rumah (subsidi dan                     Income from sale of real property (subsidy and
          non subsidi) dan penghasilan dari sewa gedung                     non-subsidy) and income from rental building is
          merupakan subjek pajak final masing-masing                        subject to final tax rates of 1%, 2.5%, and 10%,
          sebesar 1%, 2,5%, dan 10%. Pajak                                  respectively. The final income tax is calculated
          penghasilan final dihitung pada jumlah total                      on the total amount of billings for the contract
          tagihan untuk nilai kontrak yang dikumpulkan                      value which is collected during the year.
          selama setahun.

                                                                44
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PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                   AKUNTANSI         2. MATERIAL      ACCOUNTING                      POLICIES
   MATERIAL (lanjutan)                                              INFORMATION (continued)

    o.    Perpajakan (lanjutan)                                    o.    Taxation (continued)

          Pajak penghasilan final (lanjutan)                             Final income tax (continued)

          Perbedaan nilai tercatat aset atau liabilitas                  The differences between the carrying amounts
          yang berhubungan dengan pajak penghasilan                      of existing assets or liabilities related to the final
          final dengan dasar pengenaan pajaknya tidak                    income tax and their respective tax bases are
          diakui sebagai aset atau liabilitas pajak                      not recognized as deferred tax assets or
          tangguhan.                                                     liabilities.

          Beban pajak sehubungan dengan penghasilan                      Tax expense related to income subject to final
          yang dikenakan pajak penghasilan final diakui                  income tax is recognized in proportional to total
          secara     proporsional  dengan       jumlah                   income recognized during the current year for
          pendapatan yang diakui pada tahun berjalan                     accounting purposes.
          untuk tujuan akuntansi.

          Selisih antara jumlah pajak penghasilan final                  The difference between the final income tax
          yang telah dibayar dengan jumlah yang                          paid and the amount charged as final income
          dibebankan sebagai beban pajak penghasilan                     tax expense in the consolidated statement of
          final pada laporan laba rugi dan penghasilan                   profit or loss and other comprehensive income
          komprehensif lain konsolidasian diakui sebagai                 is recognized as prepaid tax or tax payable.
          pajak dibayar di muka atau utang pajak.

          Pajak pertambahan nilai (PPN)                                  Value-added tax (VAT)

          Pendapatan, beban dan aset diakui setelah                      Revenues, expenses and assets are
          dikurangi dengan jumlah PPN kecuali:                           recognized net of the amount of VAT, except:
          • Ketika PPN yang terjadi sehubungan                            • Where the VAT incurred on a purchase of
              dengan pembelian aset atau jasa tidak                           assets or services is not recoverable from
              dapat diklaim kepada kantor pajak, dalam                        the tax office, in which case the VAT is
              hal ini PPN diakui sebagai bagian dari                          recognized as part of the cost of
              biaya perolehan aset atau sebagai beban.                        acquisition of the asset or as part of the
                                                                              expense item as applicable.
          •   Piutang dan utang yang disajikan termasuk                   • Receivables and payables that are stated
              PPN.                                                            with the amount of VAT included.

     p.   Imbalan Kerja                                             p.   Employee Benefits

          Imbalan kerja jangka pendek                                    Short-term employee benefits

          Imbalan kerja jangka pendek diakui ketika                      The company recognizes short-term employee
          pekerja telah memberikan jasanya dalam suatu                   benefit liabilities when services are rendered by
          periode akuntansi, sebesar jumlah tidak                        employees and the benefits for those services
          terdiskonto dari imbalan kerja jangka pendek                   are expected to be settled within twelve months
          yang diharapkan akan dibayar sebagai imbalan                   after the services are provided. Short-term
          atas jasa tersebut. Imbalan kerja jangka                       employee benefits include such as wages,
          pendek mencakup antara lain upah, gaji, bonus                  salaries, bonus, and incentive.
          dan insentif.

          Program pascakerja                                             Post-employment benefits

          Kewajiban program imbalan pasti yang diakui di                 The defined benefit obligation recognized in the
          laporan posisi keuangan konsolidasian adalah                   consolidated statement of financial position
          nilai kini kewajiban imbalan pasti pada tanggal                represents the present value of the defined
          laporan posisi keuangan konsolidasian                          benefit obligation at the reporting date, less the
          dikurangi nilai wajar aset program. Kewajiban                  fair value of plan assets. The defined benefit
          imbalan pasti dihitung setiap tahun oleh                       obligation is calculated annually by an
          aktuaris independen dengan menggunakan                         independent actuary using the Projected Unit
          metode Projected-Unit-Credit.                                  Credit method.




                                                            45
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PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                   AKUNTANSI         2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                              INFORMATION (continued)

     p.   Imbalan Kerja (lanjutan)                                  p.   Employee Benefits (continued)

          Program pascakerja (lanjutan)                                  Post-employment benefits (continued)

          Nilai kini kewajiban imbalan pasti ditentukan                  The present value of the defined benefit
          dengan mendiskontokan estimasi arus kas                        obligation is determined by discounting the
          keluar di masa depan dengan menggunakan                        estimated future cash outflows using the
          tingkat suku bunga obligasi perusahaan                         interest rates of high-quality corporate bonds
          berkualitas tinggi dalam mata uang yang sama                   that are denominated in the currency in which
          dengan mata uang imbalan yang akan                             the benefit will be paid, and that have terms to
          dibayarkan, dan waktu jatuh temponya kurang                    maturity approximating the terms of the related
          lebih sama dengan kewajiban bersangkutan.                      pension liability.

          Keuntungan atau kerugian aktuaria dari                         Actuarial gains or losses arising from
          penyesuaian dan perubahan asumsi aktuaria                      experience adjustments and changes in
          langsung    diakui    seluruhnya      melalui                  actuarial assumptions are directly recognized
          penghasilan komprehensif lainnya. Akumulasi                    in     other       comprehensive      income.
          keuntungan dan kerugian aktuarial disajikan di                 Accumulated actuarial gains and losses are
          ekuitas.                                                       reported in equity.

          Imbalan pascakerja yang diberikan oleh                         Post-employment benefits provided by the
          Kelompok Usaha terdiri dari pensiun,                           Business Group consist of pensions, retiree
          kesehatan pensiunan, purna karya, dan                          health benefits, severance pay, and other post-
          pascakerja lainnya.                                            employment benefits.

          Imbalan kerja jangka panjang lainnya                           Other long-term employee benefits

          Imbalan kerja jangka panjang lainnya dihitung                  Other long-term employee benefits is
          dengan menggunakan metodologi yang sama                        calculated using the same methodology as
          dengan yang digunakan dalam perhitungan                        used in calculating post-employment benefits
          imbalan pascakerja program imbalan pasti,                      for defined benefit plans, which is using the
          yaitu dengan menggunakan metode Projected                      Projected Unit Credit method and discounted to
          Unit Credit dan didiskontokan ke nilai kini,                   their present value, except for remeasurements
          kecuali untuk pengukuran kembali yang diakui                   which are recognised in profit or loss.
          pada laba rugi.

          Kompensasi kepada pekerja berdasarkan                          Compensation for employees under Fixed
          Perjanjian Kerja Waktu Tertentu (”PKWT”)                       Term Employment Agreement (“PKWT”)

          Perusahaan mencatat penyisihan untuk                           The Company recognizes a provision for
          kompensasi yang akan dibayarkan kepada                         compensation to be paid to employees under
          karyawan saat selesainya jangka waktu                          Fixed Term Employment Agreement (PKWT) at
          perjanjian berdasarkan Perjanjian Kerja Waktu                  the end of the agreement period in accordance
          Tertentu (PKWT) sesuai dengan Peraturan                        with Government Regulation No. 35/2021.
          Pemerintah No. 35/2021.

     q.   Instrumen Keuangan                                        q.   Financial Instruments

          1.   Aset Keuangan                                             1. Financial Assets

               Instrumen keuangan adalah setiap                             A financial instrument is any contract that
               kontrak yang memberikan kenaikan nilai                       gives rise to a financial asset of one entity
               aset keuangan dari satu entitas dan                          and a financial liability or equity instrument
               liabilitas keuangan atau instrumen ekuitas                   of another entity.
               dari entitas lainnya.




                                                            46
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PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                    AKUNTANSI        2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                              INFORMATION (continued)

     q.   Instrumen Keuangan (lanjutan)                             q.   Financial Instruments (continued)

          1.   Aset Keuangan (lanjutan)                                  1. Financial Assets (continued)

               Pengakuan awal                                               Initial recognition

               Klasifikasi dan pengukuran aset keuangan                     Classification and measurement of financial
               harus didasarkan pada bisnis model dan                       assets are based on business model and
               arus kas kontraktual - apakah semata dari                    contractual cash flows - whether from sole
               pembayaran pokok dan bunga.                                  payment of principal and interest.

               Aset keuangan diklasifikasikan, pada                         Financial assets are classified, at initial
               pengakuan awal, yang selanjutnya diukur                      recognition, as subsequently measured at
               pada biaya perolehan diamortisasi, nilai                     amortized cost, fair value through other
               wajar melalui penghasilan komprehensif                       comprehensive income (OCI), and fair
               lain (OCI), dan nilai wajar melalui laba                     value through profit or loss.
               rugi.

               Kelompok Usaha menentukan klasifikasi                        The Group determines the classification of
               aset keuangan tersebut pada pengakuan                        its financial assets at initial recognition and
               awal dan tidak bisa melakukan perubahan                      cannot change the classification already
               setelah penerapan awal tersebut.                             made at initial adoption.

               Semua aset keuangan pada awalnya                             All financial assets are initially recognized
               diakui sebesar nilai wajarnya ditambah                       at their fair value plus transaction costs,
               dengan biaya-biaya transaksi, kecuali                        unless financial assets are recorded at fair
               aset keuangan dicatat pada nilai wajar                       value through profit or loss.
               melalui laba rugi.

               Pada tanggal 31 Desember 2025 dan                            As of December 31, 2025 and 2024, the
               2024, aset keuangan Kelompok Usaha                           Group’s financial assets include cash and
               mencakup kas dan setara kas, investasi                       cash equivalents, short-term investments,
               jangka pendek, piutang lain - lain, dana                     other receivables, restricted funds, and
               yang dibatasi penggunaannya, dan aset                        other financial assets - net.
               keuangan lainnya neto.

               Aset keuangan diklasifikasikan sebagai                       Financial assets in this category are
               aset lancar, jika jatuh tempo dalam waktu                    classified as current assets if expected to
               12 bulan, jika tidak maka aset keuangan                      be settled within 12 months, otherwise they
               ini diklasifikasikan sebagai aset tidak                      are classified as non-current.
               lancar.

               Pengukuran setelah pengakuan awal                            Subsequent measurement

               Pengukuran aset keuangan setelah                             The subsequent measurement of financial
               pengakuan       awal   tergantung pada                       assets depends on their classification as
               klasifikasinya sebagai berikut:                              follows:

               (i)   Aset keuangan yang diukur dengan                       (i)   Financial assets at amortized cost
                     biaya diamortisasi




                                                            47
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PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                          For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                              As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                    AKUNTANSI             2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                                   INFORMATION (continued)

     q.   Instrumen Keuangan (lanjutan)                                  q.   Financial Instruments (continued)

          1.   Aset Keuangan (lanjutan)                                       1. Financial Assets (continued)

               Pengukuran setelah pengakuan awal                                 Subsequent measurement (continued)
               (lanjutan)

                      Aset keuangan yang diukur dengan                                Financial assets at amortized cost are
                      biaya diamortisasi selanjutnya diukur                           subsequently measured using the
                      dengan menggunakan metode suku                                  Effective Interest Rate (“EIR”) method,
                      bunga efektif (Effective Interest Rate)                         less impairment.
                      (“EIR”), setelah dikurangi dengan
                      penurunan nilai.

                      Biaya perolehan yang diamortisasi                               Amortized cost is calculated by taking
                      dihitung dengan memperhitungkan                                 into account any discount or premium
                      diskonto atau premi atas biaya                                  on acquisition fees or costs that are an
                      akuisisi atau biaya yang merupakan                              integral part of the EIR. The EIR
                      bagian integral dari EIR tersebut.                              amortization is included in the
                      Amortisasi EIR dicatat dalam laporan                            consolidated profit or loss. The losses
                      laba rugi konsolidasian. Kerugian                               arising from impairment are also
                      yang timbul dari penurunan nilai juga                           recognized in profit or loss.
                      diakui pada laba rugi.

                      Aset keuangan yang diukur dengan                                The Group's financial assets that
                      biaya diamortisasi Kelompok Usaha                               measured at amortized cost consist of
                      terdiri dari kas dan setara kas, piutang                        cash and cash equivalents, other
                      lain - lain, dan dana yang dibatasi                             receivables and restricted funds in the
                      penggunaannya pada laporan posisi                               consolidated statement of financial
                      keuangan konsolidasian.                                         position.

               (ii)   Aset keuangan yang diukur pada                             (ii) Financial assets at fair value through
                      nilai wajar melalui penghasilan                                 other     comprehensive         income
                      komprehensif lain (FVTOCI)                                      (FVTOCI)

                      Aset keuangan yang diukur pada                                  Financial assets at fair value through
                      nilai wajar melalui penghasilan                                 other comprehensive income are
                      komprehensif      lain   selanjutnya                            subsequently       carried     in     the
                      disajikan dalam laporan posisi                                  consolidated statement of financial
                      keuangan konsolidasian sebesar                                  position at fair value, with changes in
                      nilai wajar, dengan perubahan nilai                             fair value recognized in the other
                      wajar yang diakui dalam penghasilan                             comprehensive income, except for
                      komprehensif lain, kecuali untuk                                impairment gains and losses, and a
                      kerugian akibat penurunan nilai dan                             portion of foreign exchange gains and
                      keuntungan atau kerugian akibat                                 losses, are recognized in profit or loss.
                      perubahan kurs, diakui di laba rugi.

                      Ketika aset keuangan tersebut                                   When the asset is derecognized or
                      dihentikan      pengakuannya     atau                           reclassified, changes in fair value
                      direklasifikasi, keuntungan atau                                previously     recognized    in other
                      kerugian kumulatif yang sebelumnya                              comprehensive          income     and
                      diakui       dalam       penghasilan                            accumulated in equity are reclassified
                      komprehensif lain direklasifikasi dari                          from equity to profit and loss as a
                      ekuitas ke laba rugi sebagai                                    reclassification adjustment.
                      penyesuaian reklasifikasi.




                                                                 48
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PT JASA MARGA (PERSERO) Tbk                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                         For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                             As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                    AKUNTANSI            2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                                  INFORMATION (continued)
     q.   Instrumen Keuangan (lanjutan)                                 q.   Financial Instruments (continued)
          1.    Aset Keuangan (lanjutan)                                     1. Financial Assets (continued)
                Pengukuran setelah pengakuan awal                               Subsequent measurement (continued)
                (lanjutan)
                       Kelompok Usaha dapat membuat                                  The Group may make an irrevocable
                       pilihan yang tidak dapat dibatalkan                           election at initial recognition to present
                       pada saat pengakuan awal untuk                                changes in fair value in Other
                       menyajikan perubahan nilai wajar                              Comprehensive Income (OCI).
                       dalam Penghasilan Komprehensif
                       Lain (OCI).

                       Kelompok Usaha memiliki investasi                             The Group has investments in equity
                       dalam instrumen ekuitas, mencakup                             instruments,    includes     short-term
                       investasi jangka pendek dan aset                              investments and other financial assets
                       keuangan lainnya neto, yang                                   - net, which are classified as financial
                       diklasifikasikan     sebagai   aset                           asset at fair value through other
                       keuangan yang diukur pada nilai                               comprehensive income.
                       wajar        melalui     penghasilan
                       komprehensif lain.
               (iii)   Aset keuangan yang diukur pada                          (iii) Financial assets measured at fair value
                       nilai wajar melalui laba rugi                                 through profit or loss (“FVTPL”)
                       (“FVTPL”)
                       Aset keuangan yang diukur pada                                Financial assets measured at FVTPL
                       FVTPL adalah aset keuangan yang                               are those which do not meet both
                       tidak memenuhi kriteria untuk diukur                          criteria for neither amortized costs nor
                       pada biaya perolehan diamortisasi                             FVTOCI.
                       atau untuk diukur FVTOCI.
                       Setelah pengakuan awal, aset                                  After initial recognition, financial assets
                       keuangan yang diukur pada FVTPL                               measured on FVTPL are measured at
                       diukur     pada    nilai    wajarnya.                         their fair value. Gains or losses arising
                       Keuntungan atau kerugian yang                                 from changes in the fair value of
                       timbul dari perubahan nilai wajar aset                        financial assets are recognized in profit
                       keuangan diakui dalam laba rugi.                              and loss.
                       Aset keuangan berupa derivatif dan                            Financial assets in the form of
                       investasi pada instrumen ekuitas                              derivatives and investments in equity
                       tidak memenuhi kriteria untuk diukur                          instruments do not meet the criteria to
                       pada biaya perolehan diamortisasi                             be measured at amortized cost of
                       atau kriteria untuk diukur pada                               acquisition or the criteria to be
                       FVTOCI, sehingga diukur pada                                  measured at FVTOCI, so they are
                       FVTPL.                                                        measured at FVTPL.
                Namun demikian, Kelompok Usaha dapat                            Nonetheless, the Group may irrevocably
                menetapkan pilihan yang tidak dapat                             designate an investment in an equity
                dibatalkan saat pengakuan awal atas                             instrument which is not held for trading in
                investasi pada instrumen ekuitas yang                           any time soon as FVTOCI. This designation
                bukan untuk diperjualbelikan dalam waktu                        result in gains and losses to be presented in
                dekat (held for trading) untuk diukur pada                      other comprehensive income, except for
                FVTOCI. Penetapan ini menyebabkan                               dividend income on a qualifying investment
                semua      keuntungan     atau    kerugian                      which is recognized in profit or loss.
                disajikan di penghasilan komprehensif                           Cumulative gains or losses previously
                lain, kecuali pendapatan dividen tetap                          recognized in other comprehensive income
                diakui di laba rugi. Keuntungan atau                            are reclassified to retained earnings, not to
                kerugian kumulatif yang sebelumnya                              profit or loss.
                diakui dalam penghasilan komprehensif
                lain direklasifikasi ke saldo laba, tidak
                melalui laba rugi.

                                                                49
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PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                          As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                   AKUNTANSI          2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                               INFORMATION (continued)

     q.   Instrumen Keuangan (lanjutan)                              q.   Financial Instruments (continued)

          1.   Aset Keuangan (lanjutan)                                   1. Financial Assets (continued)

               Penghentian pengakuan                                         Derecognition

               Aset keuangan (atau mana yang berlaku,                        A financial asset (or where applicable, a part
               bagian dari aset keuangan atau bagian                         of a financial asset or part of a group of
               dari kelompok aset keuangan sejenis)                          similar financial assets) is derecognized
               dihentikan pengakuannya pada saat:                            when: (1) the rights to receive cash flows
               (1) hak untuk menerima arus kas yang                          from the asset have expired; or (2)
               berasal dari aset tersebut telah berakhir;                    the Group has transferred the rights to
               atau    (2) Kelompok         Usaha    telah                   receive cash flows from the asset or has
               mentransfer hak mereka untuk menerima                         assumed an obligation to pay the received
               arus kas yang berasal dari aset atau                          cash flows in full without material delay to a
               berkewajiban untuk membayar arus kas                          third party under a “pass-through”
               yang diterima secara penuh tanpa                              arrangement, and either (a) the Group has
               penundaan yang material kepada pihak                          transferred substantially all the risks and
               ketiga dalam perjanjian “pass-through”                        rewards of the asset, or (b) the Group has
               dan salah satu diantara (a) Kelompok                          neither      transferred      nor    retained
               Usaha      telah    mentransfer     secara                    substantially all the risks and rewards of the
               substansial seluruh risiko dan manfaat dari                   asset, but has transferred control of the
               aset, atau (b) Kelompok Usaha tidak                           asset.
               mentransfer atau mempertahankan secara
               substansial seluruh risiko dan manfaat
               atas aset, namun telah mentransfer
               kendali atas aset tersebut.

               Penurunan nilai                                               Impairment

               Pada setiap tahun pelaporan, Kelompok                         At each reporting date, the Group assess
               Usaha menilai apakah risiko kredit dari                       whether the credit risk on a financial
               instrumen keuangan telah meningkat                            instrument has increased significantly since
               secara signifikan sejak pengakuan awal.                       initial recognition. When making the
               Ketika melakukan penilaian, Kelompok                          assessment, the Group use the change in
               Usaha menggunakan perubahan atas                              the risk of a default occurring over the
               risiko gagal bayar yang terjadi sepanjang                     expected life of the financial instrument
               perkiraan usia instrumen keuangan                             instead of the change in the amount of
               daripada perubahan atas jumlah kerugian                       Expected Credit Losses.
               kredit ekspektasian.

               Dalam melakukan penilaian, Kelompok                           To make that assessment, the Group
               Usaha membandingkan antara risiko                             compare the risk of a default occurring on
               gagal bayar yang terjadi atas instrumen                       the financial instrument as at the reporting
               keuangan pada saat periode pelaporan                          date with the risk of a default occurring on
               dengan risiko gagal bayar yang terjadi atas                   the financial instrument as at the date of
               instrumen keuangan pada saat pengakuan                        initial recognition and consider reasonable
               awal dan mempertimbangkan kewajaran                           and supportable information, that is
               serta ketersediaan informasi, yang                            available without undue cost or effort at the
               tersedia tanpa biaya atau usaha pada saat                     reporting date about past events, current
               tanggal pelaporan terkait dengan kejadian                     conditions and forecasts of future economic
               masa lalu, kondisi terkini dan perkiraan                      conditions, that is indicative of significant
               atas kondisi ekonomi di masa depan, yang                      increases in credit risk since initial
               mengindikasikan kenaikan risiko kredit                        recognition.
               sejak pengakuan awal.

               Kelompok Usaha menerapkan metode                              The Group applied a simplified approach to
               sederhana untuk mengukur kerugian                             measure such Expected Credit Loss (ECL)
               kredit ekspektasian tersebut terhadap                         for other receivables.
               piutang lain - lain.

                                                             50
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PT JASA MARGA (PERSERO) Tbk                                                        PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                        For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                            As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                   AKUNTANSI            2. MATERIAL      ACCOUNTING                      POLICIES
   MATERIAL (lanjutan)                                                 INFORMATION (continued)

     q.   Instrumen Keuangan (lanjutan)                                q.   Financial Instruments (continued)

          2.   Liabilitas Keuangan                                          2. Financial Liabilities

               Liabilitas keuangan dalam lingkup                               Financial liabilities within the scope of
               PSAK 109 diklasifikasikan sebagai                               PSAK 109 are classified as follows:
               berikut:
               1. Liabilitas keuangan yang diukur                              1. Financial liabilities at amortized cost;
                    dengan biaya diamortisasi; dan                                and
               2. Liabilitas keuangan yang diukur                              2. Financial liabilities measured at fair
                    dengan nilai wajar melalui laba rugi.                         value through profit or loss (FVTPL).

               Kelompok Usaha menentukan klasifikasi                           The Group determines the classification of
               liabilitas keuangan mereka pada saat                            its financial liabilities at initial recognition.
               pengakuan awal.

               Pengakuan awal                                                  Initial recognition

               Pada saat pengakuan awal, liabilitas                            At initial recognition, financial liabilities are
               keuangan diukur pada nilai wajar dan,                           recognized at fair value and, in the case of
               dalam hal liabilitas keuangan yang diukur                       financial liabilities at amortized cost, less
               dengan biaya diamortisasi, dikurangi                            directly attributable transaction costs.
               dengan biaya transaksi yang dapat
               diatribusikan secara langsung.
               Pada tanggal 31 Desember 2025, liabilitas                       As of December 31, 2025, the Group’s
               keuangan Kelompok Usaha mencakup                                financial liabilities include trade payables,
               utang usaha, utang kontraktor, liabilitas                       contractors payable, other short-term
               keuangan jangka pendek lainnya, beban                           financial liabilities, accrued expenses, non-
               akrual, utang lembaga keuangan bukan                            bank financial institutions loan, bank loans,
               bank, utang bank, utang obligasi, liabilitas                    bonds payable, land acquisition liabilities
               pembebasan tanah, liabilitas derivatif dan                      and other long-term liabilities, which are
               liabilitas jangka panjang lainnya yang                          classified as financial liabilities at amortized
               dikategorikan sebagai liabilitas keuangan                       cost. Financial liabilities are classified as
               yang diukur dengan biaya diamortisasi.                          non-current liabilities when the remaining
               Liabilitas     keuangan     diklasifikasikan                    maturity is more than 12 months and as
               sebagai liabilitas jangka panjang jika jatuh                    current liabilities when the remaining
               tempo melebihi 12 bulan dan sebagai                             maturity is less than 12 months.
               liabilitas jangka pendek jika jatuh tempo
               yang tersisa kurang dari 12 bulan.
               Pengukuran setelah pengakuan awal                               Subsequent measurement
               Setelah     pengakuan      awal,   liabilitas                   After initial recognition, interest - bearing
               keuangan yang diukur dengan biaya                               financial liabilities at amortized cost are
               diamortisasi yang dikenakan bunga                               subsequently measured at amortized cost
               selanjutnya diukur pada biaya perolehan                         using the effective interest rate method.
               diamortisasi       dengan     menggunakan                       Gains or losses are recognized in profit or
               metode suku bunga efektif. Keuntungan                           loss when the liabilities are derecognized as
               atau kerugian diakui dalam laba rugi pada                       well as through the amortization process.
               saat    liabilitas    tersebut   dihentikan
               pengakuannya melalui proses amortisasi.
               Entitas     mengklasifikasikan    seluruh                       Entities classify all financial liabilities so that
               liabilitas keuangan sehingga setelah                            after initial recognition financial liabilities are
               pengakuan awal liabilitas keuangan diukur                       measured at amortized cost of acquisition.
               pada biaya perolehan diamortisasi. Saat                         Upon initial recognition, an entity may make
               pengakuan awal entitas dapat membuat                            an irrevocable determination to measure
               penetapan yang takterbatalkan untuk                             financial liabilities at fair value through profit
               mengukur liabilitas keuangan pada nilai                         and loss.
               wajar melalui laba rugi.

                                                               51
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PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                        For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                            As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                    AKUNTANSI           2. MATERIAL      ACCOUNTING                      POLICIES
   MATERIAL (lanjutan)                                                 INFORMATION (continued)

     q.   Instrumen Keuangan (lanjutan)                                q.   Financial Instruments (continued)

          2.   Liabilitas Keuangan (lanjutan)                               2. Financial Liabilities (continued)

               Penghentian pengakuan                                             Derecognition

               Liabilitas       keuangan          dihentikan                     A financial liability is derecognized when it is
               pengakuannya pada saat liabilitas tersebut                        discharged or cancelled or has expired.
               dihentikan atau dibatalkan atau kedaluwarsa.

               Ketika liabilitas keuangan awal digantikan                        When an existing financial liability is
               dengan liabilitas keuangan lain dari                              replaced by another from the same lender on
               pemberi pinjaman yang sama dengan                                 substantially different terms, or the terms of
               persyaratan      yang   berbeda    secara                         an existing financial liability are substantially
               substansial, atau modifikasi secara                               modified, such an exchange or modification
               substansial atas persyaratan liabilitas                           is treated as a derecognition of the original
               keuangan yang saat ini ada, maka                                  financial liability and the recognition of a new
               pertukaran atau modifikasi tersebut                               financial liability, and the difference in the
               diperlakukan       sebagai    penghentian                         respective carrying amounts is recognized in
               pengakuan liabilitas keuangan awal dan                            profit or loss.
               pengakuan liabilitas keuangan baru,
               dan selisih antara nilai tercatat masing-
               masing liabilitas keuangan diakui dalam
               laba rugi.

          3.   Saling Hapus dari Instrumen Keuangan                         3.    Offsetting of Financial Instruments

               Aset keuangan dan liabilitas keuangan                              Financial assets and financial liabilities are
               saling hapus dan nilai netonya dilaporkan                          offset, and the net amount is reported in the
               dalam       laporan    posisi     keuangan                         consolidated statement of financial position
               konsolidasian jika, dan hanya jika, memiliki                       if, and only if, there is a currently
               hak yang berkekuatan hukum untuk                                   enforceable      legal  right    to      offset
               melakukan saling hapus atas jumlah yang                            the recognized amounts and there is an
               telah diakui dan terdapat maksud untuk                             intention to settle on a net basis, or to
               menyelesaikan secara neto, atau untuk                              realize the assets and settle the liabilities
               merealisasikan aset dan menyelesaikan                              simultaneously.
               liabilitasnya secara bersamaan.

          4.   Nilai Wajar Instrumen Keuangan                               4.    Fair Value of Financial Instruments

               Nilai wajar instrumen keuangan yang                                The fair value of financial instruments that
               diperdagangkan secara aktif di pasar                               are actively traded in organized financial
               keuangan yang terorganisasi ditentukan                             markets is determined by reference to
               dengan mengacu pada kuotasi harga                                  quoted market bid or ask prices at the close
               penawaran atau harga yang diminta pada                             of business at the end of the reporting year.
               penutupan bisnis pada akhir tahun                                  For financial instruments where there is no
               pelaporan. Untuk instrumen keuangan                                active market, fair value is determined
               yang tidak memiliki pasar aktif, nilai wajar                       using valuation techniques.
               ditentukan menggunakan teknik penilaian.

               Teknik penilaian tersebut mencakup                                 Such valuation techniques include the use
               penggunaan transaksi pasar yang wajar                              of arm's length market transactions,
               antara pihak-pihak yang mengerti dan                               references to the current fair value of
               berkeinginan     (arm’s  length    market                          substantially the same instruments,
               transactions), referensi atas nilai wajar                          discounted cash flow analysis, or other
               terkini dari instrumen lain yang secara                            valuation models.
               substansial sama, analisa arus kas yang
               didiskontokan, atau model penilaian lain.



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PT JASA MARGA (PERSERO) Tbk                                                        PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                        For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                            As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                   AKUNTANSI           2. MATERIAL      ACCOUNTING                      POLICIES
   MATERIAL (lanjutan)                                                INFORMATION (continued)

    r.    Instrumen Keuangan Derivatif dan Aktivitas                  r.   Derivative Financial          Instruments        and
          Lindung Nilai                                                    Hedging Activities

         Derivatif pada awalnya diakui sebesar nilai                       Derivatives are initially recognized at fair value
         wajar pada tanggal kontrak derivatif dilakukan                    on the date the derivative contract is entered into
         dan selanjutnya diukur kembali sebesar nilai                      and subsequently remeasured at fair value. The
         wajarnya. Metode pengakuan keuntungan atau                        method of recognizing the resulting gain or loss
         kerugian yang timbul tergantung pada apakah                       depends on whether the derivative is designated
         derivatif tersebut ditetapkan sebagai instrumen                   as a hedging instrument, and if so, the nature of
         lindung nilai, dan jika demikian, sifat pos yang                  the item being hedged. The Group defines
         dilindung nilai. Kelompok Usaha menetapkan                        certain derivatives as:
         derivatif tertentu sebagai:

           i.   Lindung nilai atas nilai wajar aset atau                    i. Hedging the fair value of recognized assets
                liabilitas yang diakui atau terhadap                           or liabilities or of unrecognized firm
                komitmen pasti yang belum diakui                               commitments (fair value hedges); or
                (lindung nilai atas nilai wajar); atau
          ii.   Lindung nilai atas risiko tertentu yang                    ii. Hedging of certain risks associated with a
                terkait dengan aset atau liabilitas yang                       recognized asset or liability or of a
                diakui atau terhadap transaksi yang                            transaction that is expected to be probable
                diperkirakan kemungkinan besar akan                            (cash flow hedge).
                terjadi (lindung nilai arus kas).

          Pada awal terjadinya transaksi, Kelompok                         In the beginning of transaction, the Group
          Usaha mendokumentasikan hubungan antara                          documents the relationship between the
          instrumen lindung nilai dan pos yang dilindung                   hedging instrument and the item being hedged,
          nilai, serta tujuan manajemen risiko dan strategi                as well as its risk management objectives and
          pelaksanaan berbagai transaksi lindung nilai.                    strategy for executing various hedging
          Kelompok Usaha juga mendokumentasikan                            transactions. The Group also documents its
          penilaiannya, pada awal lindung nilai dan pada                   assessment, at the inception of the hedge and
          setiap akhir tahun, apakah derivatif yang                        at the end of each year, whether the derivative
          digunakan dalam transaksi lindung nilai                          used in the hedging transaction is highly
          memiliki efektivitas yang tinggi dalam saling                    effective in offsetting changes in fair value or
          hapus perubahan nilai wajar atau arus kas pos                    cash flows of the hedged item.
          yang dilindung nilai.

          Nilai wajar penuh derivatif lindung nilai                        The full fair value of hedging derivatives is
          diklasifikasikan sebagai aset tidak lancar atau                  classified as non-current assets or long-term
          liabilitas jangka panjang ketika sisa jatuh tempo                liabilities when the remaining maturity of the
          pos yang dilindung nilai lebih dari 12 bulan, dan                hedged item is more than 12 months, and as
          sebagai aset lancar atau liabilitas jangka                       current assets or short-term liabilities when the
          pendek ketika sisa jatuh tempo pos yang                          remaining maturity of the hedged item is less
          dilindung nilai kurang dari 12 bulan. Derivatif                  than 12 months. Derivatives traded are
          yang diperdagangkan diklasifikasikan sebagai                     classified as current assets or current liabilities.
          aset lancar atau liabilitas jangka pendek.

          Bagian efektif dari perubahan nilai wajar                        The effective portion of changes in the fair value
          derivatif yang ditetapkan dan memenuhi kriteria                  of derivatives that are designated and meet the
          sebagai lindung nilai arus kas diakui pada                       criteria as cash flow hedges are recognized in
          penghasilan          komprehensif       lainnya.                 other comprehensive income. Gains or losses
          Keuntungan atau kerugian dari bagian yang                        from the ineffective portion are recognized
          tidak efektif diakui segera di dalam laba rugi                   immediately in profit or loss as “other income/
          sebagai “penghasilan/ beban lain-lain”.                          expenses”.




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PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                          As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                    AKUNTANSI        2. MATERIAL      ACCOUNTING                      POLICIES
   MATERIAL (lanjutan)                                              INFORMATION (continued)

    r.    Instrumen Keuangan Derivatif dan Aktivitas                r.   Derivative Financial Instruments                 and
          Lindung Nilai (lanjutan)                                       Hedging Activities (continued)

          Jumlah yang terakumulasi pada ekuitas                          Amounts accumulated in equity are reclassified
          direklasifikasikan ke dalam laba rugi di dalam                 to profit or loss in the period when the hedged
          periode ketika pos dilindung nilai memengaruhi                 item affects profit or loss (for example, when an
          laba rugi (misalnya, ketika perkiraan penjualan                expected sale of the hedged item occurs). Gains
          yang menjadi pos yang dilindung nilai terjadi).                or losses relating to the effective portion of
          Keuntungan atau kerugian yang berhubungan                      interest rate swaps as hedging instruments on
          dengan bagian efektif swap tingkat bunga                       variable interest rate loans are recognized in
          sebagai instrumen lindung nilai pinjaman                       profit or loss as “finance costs”.
          bersuku bunga variabel diakui dalam laba rugi
          sebagai “biaya keuangan”.

          Ketika instrumen lindung nilai kedaluwarsa atau                When the hedging instrument expires or is sold,
          dijual, atau ketika lindung nilai tidak lagi                   or when the hedge no longer meets the criteria
          memenuhi kriteria akuntansi lindung nilai,                     for hedge accounting, the cumulative gain or
          keuntungan atau kerugian kumulatif yang ada                    loss held in equity will remain in equity and is
          di dalam ekuitas akan tetap berada di dalam                    recognized when the expected transaction is
          ekuitas dan diakui ketika transaksi yang                       eventually recognized in profit or loss. When a
          diperkirakan akhirnya diakui pada laba rugi.                   forecasted transaction is no longer expected to
          Ketika transaksi yang diperkirakan tidak lagi                  occur, the cumulative gain or loss reported in
          diharapkan akan terjadi, keuntungan atau                       equity is immediately transferred to profit or loss
          kerugian kumulatif yang dilaporkan di ekuitas                  as “other income/ expenses”.
          segera dipindahkan ke laba rugi sebagai
          “penghasilan/ beban lain-lain”.

          Perubahan nilai wajar dari derivatif yang tidak                Changes in the fair value of derivatives that are
          ditetapkan, atau tidak memenuhi kriteria untuk,                not designated, or do not meet the criteria for,
          akuntansi lindung nilai diakui secara langsung                 hedge accounting are recognized directly in
          dalam laba rugi.                                               profit or loss.

     s.   Laba per Saham                                            s.   Earnings per Share

          Laba per saham dihitung dengan membagi laba                    Earnings per share amount is computed by
          tahun berjalan yang dapat diatribusikan kepada                 dividing the profit for the year attributable to the
          pemilik entitas induk dengan jumlah rata-rata                  owners of the parent entity by the weighted
          tertimbang jumlah saham yang beredar dan                       average number of outstanding issued and fully
          disetor penuh selama tahun bersangkutan.                       paid shares during the year.

          Perusahaan tidak mempunyai efek saham                          The Company has no outstanding dilutive
          biasa yang berpotensi bersifat dilutif pada                    potential ordinary shares as of December 31,
          tanggal 31 Desember 2025 dan 2024.                             2025 and 2024.

     t.   Pengakuan Pendapatan dan Beban                            t.   Revenue and Expense Recognition

          Kelompok Usaha menerapkan PSAK 115, yang                       The Group applies PSAK 115, which requires
          mensyaratkan pengakuan pendapatan harus                        revenue recognition to fulfill 5 steps of
          memenuhi 5 langkah analisa sebagai berikut:                    assessment as follows:

          1.   Identifikasi kontrak dengan pelanggan;                    1.   Identify contracts with a customer;
          2.   Identifikasi kewajiban pelaksanaan dalam                  2.   Identify the performance obligations in the
               kontrak.       Kewajiban      pelaksanaan                      contract. Performance obligations are
               merupakan janji-janji dalam kontrak untuk                      promises in a contract to transfer to a
               menyerahkan barang atau jasa yang                              customer goods or services that are distinct;
               memiliki      karakteristik berbeda    ke
               pelanggan;




                                                            54
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PT JASA MARGA (PERSERO) Tbk                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                         For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                             As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                    AKUNTANSI           2. MATERIAL      ACCOUNTING                      POLICIES
   MATERIAL (lanjutan)                                                 INFORMATION (continued)

     t.   Pengakuan        Pendapatan         dan      Beban           t.   Revenue     and         Expense       Recognition
          (lanjutan)                                                        (continued)

          3.   Penetapan harga transaksi. Harga                             3.   Determine      the     transaction      price.
               transaksi merupakan jumlah imbalan yang                           Transaction price is the amount of
               berhak diperoleh suatu entitas sebagai                            consideration to which an entity expects to
               kompensasi atas diserahkannya barang                              be entitled in exchange for transferring
               atau jasa yang dijanjikan ke pelanggan;                           promised goods or services to a customer;
          4.   Alokasi harga transaksi ke setiap                            4.   Allocate the transaction price to each
               kewajiban         pelaksanaan        dengan                       performance obligation on the basis of the
               menggunakan dasar harga jual berdiri                              relative stand-alone selling prices of each
               sendiri relatif dari setiap barang atau jasa                      distinct goods or services promised in the
               berbeda yang dijanjikan di kontrak; dan                           contract; and
          5.   Pengakuan pendapatan ketika kewajiban                        5.   Recognise revenue when performance
               pelaksanaan telah dipenuhi dengan                                 obligation is satisfied by transferring a
               menyerahkan barang atau jasa yang                                 promised goods or services to a customer
               dijanjikan ke pelanggan (ketika pelanggan                         (which is when the customer obtains control
               telah memiliki kendali atas barang atau                           of that goods or services) at certain time or
               jasa tersebut) pada suatu waktu tertentu                          all the time.
               atau sepanjang waktu.

          Harga transaksi merupakan angka yang                               The transaction price is based on the amount
          ditagihkan     kepada       pelanggan     setelah                  billed to customer excluding Value-Added
          mengeluarkan Pajak Pertambahan Nilai.                              Taxes. The following specific recognition criteria
          Kriteria spesifik berikut ini juga harus dipenuhi                  must also be met before revenue is recognized.
          sebelum pendapatan diakui.

          Pendapatan tol                                                    Toll revenues

          Pendapatan dari hasil pengoperasian jalan tol                     The Group’s revenues from toll road operations
          Kelompok Usaha diakui pada suatu waktu                            are recognized at certain time upon the sale of
          tertentu saat penjualan karcis tol. Imbalan kas                   toll tickets. Cash consideration received in
          yang diterima sehubungan dengan pengalihan                        connection with the transfer of the rights on
          hak atas pendapatan tol masa datang dicatat                       future toll revenue are recorded as deferred
          sebagai pendapatan tangguhan dan diakui                           revenue and recognized as revenue over time
          sebagai pendapatan pada suatu periode waktu                       based on actual traffic volume over the term of
          berdasarkan aktual jumlah traffic selama masa                     transfer of the rights on future toll revenues.
          jangka waktu pengalihan hak atas pendapatan
          tol tersebut.

          Pendapatan sewa                                                   Rental income

          Pendapatan dari sewa iklan, lahan, dan tempat                     Revenue from advertisement, space, and rest
          peristirahatan diklasifikasikan sebagai sewa                      area rental are classified as operating lease and
          operasi dan diakui pada suatu periode waktu                       recognized over time on a straight-line basis
          dengan menggunakan metode garis lurus                             over the lease term. Rent revenue received in
          selama masa sewa. Sewa diterima di muka                           advance are presented as "Unearned revenue".
          disajikan sebagai “Pendapatan diterima di
          muka”.

          Pendapatan jasa pengoperasian                                     Toll road operating service

          Pendapatan jasa pengoperasian diakui pada                         Revenue toll road operating service is
          suatu periode waktu dengan menggunakan                            recognized over time on a straight-line basis
          metode garis lurus selama masa jasa.                              over the service term. Service revenue received
          Pendapatan jasa diterima di muka disajikan                        in advance are presented as "Unearned
          sebagai “Pendapatan diterima di muka”.                            revenue".




                                                               55
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PT JASA MARGA (PERSERO) Tbk                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                         For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                             As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                    AKUNTANSI           2. MATERIAL      ACCOUNTING                      POLICIES
   MATERIAL (lanjutan)                                                 INFORMATION (continued)

     t.   Pengakuan        Pendapatan         dan      Beban           t.   Revenue     and         Expense       Recognition
          (lanjutan)                                                        (continued)

          Pendapatan penjualan properti                                     Revenue from sale of property

          JMRB (entitas anak) mengakui pendapatan                           JMRB (a subsidiary) recognizes revenue from
          dari penjualan real estat pada suatu titik waktu                  real estate sales at a point in time after the
          setelah penyelesaian akta jual beli.                              completion of the sale and purchase deed.

          Pendapatan konstruksi dan beban konstruksi                        Construction revenue and construction cost

          Kelompok Usaha mengakui pendapatan                                The Group recognizes construction revenues
          konstruksi pada suatu periode waktu                               over time by using the output method based on
          menggunakan metode output berdasarkan                             the monthly report over the completed
          laporan bulanan atas kemajuan penyelesaian                        construction progress from the external party
          pembangunan aset yang diterima dari pihak                         that was appointed for the assets’ construction.
          eksternal   yang    telah  ditunjuk  untuk
          membangun aset tersebut.

          Beban                                                             Expenses

          Beban diakui pada saat terjadinya atau sesuai                     Expenses are recognized when incurred or
          dengan masa manfaatnya.                                           according to the useful life.

          Beban pokok penjualan tanah                                       Cost of land sold

          Beban pokok penjualan tanah ditentukan                            Cost of land sold is determined based on
          berdasarkan nilai perolehan tanah ditambah                        acquisition cost of the land plus other estimated
          pengeluaran-pengeluaran      lain     untuk                       expenditures for its improvement and
          pengembangan tanah. Beban pokok penjualan                         development. The cost of residential house sold
          rumah tinggal meliputi seluruh beban                              covers all construction expenses to complete
          pembangunan untuk menyelesaikan pekerjaan.                        the work.

     u.   Transaksi dan Saldo dalam Mata Uang                          u.   Foreign  Currency            Transactions        and
          Asing                                                             Balances

          Transaksi dalam mata uang asing dicatat                           Transactions involving foreign currencies are
          dalam mata uang rupiah berdasarkan kurs                           translated to rupiah at the rates of exchange
          yang berlaku pada saat transaksi dilakukan.                       prevailing at the time the transactions are made.

          Pada tanggal laporan posisi keuangan                              At consolidated statement of financial position
          konsolidasian, aset dan liabilitas moneter                        date,     monetary    assets    and     liabilities
          dalam mata uang asing dijabarkan sesuai                           denominated in foreign currencies are adjusted
          dengan rata-rata kurs jual dan beli yang                          to reflect the average of the selling and buying
          diterbitkan oleh Bank Indonesia pada tanggal                      rates of exchange prevailing at the last banking
          transaksi perbankan terakhir untuk periode                        transaction day of the period, as published by
          yang bersangkutan. Laba atau rugi kurs yang                       Bank Indonesia. The resulting gains or losses
          timbul dikreditkan atau dibebankan pada                           are credited or charged to operations of the
          operasi periode berjalan.                                         current period.

          Kurs yang digunakan adalah sebagai berikut:                       The exchange rates used are as follows:
                                                                        2025                   2024
                                1 Dolar Amerika Serikat                16.782                16.162




                                                               56
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PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                          As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

2. INFORMASI       KEBIJAKAN                    AKUNTANSI         2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                               INFORMATION (continued)

     v.   Segmen Operasi                                            v.   Operating Segment

          Segmen adalah komponen dari Kelompok                           A segment is a distinguishable component of
          Usaha yang dapat dibedakan yang terlibat                       the Group that is engaged in providing certain
          dalam penyediaan produk-produk tertentu                        products (business segment), or in providing
          (segmen usaha), atau dalam menyediakan                         products within a particular economic
          produk dalam lingkungan ekonomi tertentu                       environment (geographical segment), which is
          (segmen geografis), yang memiliki risiko dan                   subject to risks and rewards that are different
          manfaat yang berbeda dari segmen lainnya.                      from those of other segments.

          Jumlah setiap unsur segmen yang dilaporkan                     The amount of each segment item reported is
          merupakan ukuran yang dilaporkan kepada                        the measure reported to the chief operating
          pengambil keputusan operasional untuk tujuan                   decision-maker for the purposes of making
          pengambilan keputusan untuk mengalokasikan                     decisions about allocating resources to the
          sumber daya kepada segmen dan menilai                          segment and assessing its performance.
          kinerjanya.

          Pendapatan, beban, hasil usaha, aset dan                       Segment revenue, expenses, results, assets
          liabilitas segmen termasuk item-item yang                      and liabilities include items directly attributable
          dapat diatribusikan secara langsung kepada                     to a segment as well as those that can be
          suatu segmen serta hal-hal yang dapat                          allocated on a reasonable basis to that
          dialokasikan dengan dasar yang memadai                         segment. They are determined before
          untuk segmen tersebut. Segmen ditentukan                       intragroup       balances     and      intra-group
          sebelum saldo dan transaksi antar Kelompok                     transactions are eliminated.
          Usaha dieliminasi sebagai bagian dari proses
          konsolidasi.

      w. Provisi                                                    w. Provisions

          Provisi diakui jika Kelompok Usaha memiliki                    A provision is recognized when the Group has a
          kewajiban kini (baik bersifat hukum maupun                     present obligation (legal or constructive) as a
          bersifat konstruktif) sebagai akibat peristiwa                 result of a past event, where it is probable that
          masa lalu dimana ada kemungkinan besar                         an outflow of resources embodying economic
          bahwa untuk penyelesaian kewajiban tersebut                    benefits will be required to settle the obligation
          diperlukan arus keluar sumber daya yang                        and a reliable estimate of the amount of the
          mengandung manfaat ekonomi dan jumlah                          obligation can be made.
          kewajiban tersebut dapat diestimasi secara
          andal.

          Provisi ditelaah pada setiap tanggal pelaporan                 All provisions are reviewed at each reporting
          dan disesuaikan untuk mencerminkan estimasi                    date and adjusted to reflect the current best
          terbaik saat ini. Jika arus keluar sumber daya                 estimate. If it is no longer probable that an
          untuk menyelesaikan kewajiban kemungkinan                      outflow of resources embodying economic
          besar tidak terjadi, maka provisi tersebut                     benefits will be required to settle the obligations,
          dibatalkan.                                                    the provisions are reversed.

      x. Kontinjensi                                                x.   Contingencies

          Liabilitas kontinjensi diungkapkan, kecuali jika               Contingent liabilities are disclosed, unless the
          arus keluar sumber daya yang mengandung                        possibility of an outflow of resources embodying
          manfaat ekonomi kemungkinannya kecil. Aset                     economic benefits is remote. Contingent assets
          kontinjensi tidak diakui dalam laporan                         are not recognized in the consolidated financial
          keuangan konsolidasian, tetapi diungkapkan                     statements but are disclosed when an inflow of
          jika terdapat kemungkinan besar (probable)                     economic benefits is probable.
          arus masuk manfaat ekonomi.




                                                             57
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PT JASA MARGA (PERSERO) Tbk                                                                 PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                    As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                       (Expressed in millions of Rupiah, unless otherwise stated)

3.   PENGGUNAAN PERTIMBANGAN,                     ESTIMASI            3.   MANAGEMENT’S    USE   OF  JUDGMENTS,
     DAN ASUMSI OLEH MANAJEMEN                                             ESTIMATES AND ASSUMPTIONS

     Penyusunan laporan keuangan konsolidasian                             The preparation of the Group’s consolidated financial
     Kelompok Usaha mensyaratkan manajemen untuk                           statements requires management to make
     membuat pertimbangan, estimasi dan asumsi yang                        judgments, estimates and assumptions that affect
     memengaruhi jumlah yang dilaporkan atas                               the reported amounts of revenues, expenses, assets
     pendapatan, beban, aset dan liabilitas, serta                         and liabilities, and the disclosure to the consolidated
     pengungkapan laporan keuangan konsolidasian.                          financial statements. However, uncertainty about
     Namun, ketidakpastian atas asumsi dan estimasi ini                    these assumptions and estimates could result in
     dapat menyebabkan hasil yang memerlukan                               outcomes that may require a material adjustment to
     penyesuaian material atas nilai tercatat aset dan                     the carrying amounts of the assets or liabilities in
     liabilitas pada masa mendatang.                                       future periods.

     a.   Pertimbangan                                                     a.      Judgments

          Dalam proses penerapan kebijakan akuntansi                               In the process of applying the Group’s
          Kelompok Usaha, manajemen telah membuat                                  accounting policies, management has made the
          pertimbangan-pertimbangan berikut ini, yang                              following judgments, apart from those including
          terpisah dari estimasi dan asumsi, yang                                  estimations and assumptions, which have the
          memiliki pengaruh paling signifikan terhadap                             most significant effect on the amounts
          jumlah yang dicatat dalam laporan keuangan                               recognized in the consolidated financial
          konsolidasian:                                                           statements:

          •   Pengelompokan aset            keuangan       dan             •       •    Classification of       financial   assets   and
              liabilitas keuangan                                                       financial liabilities

              Kelompok        Usaha       menetapkan                                    The Group determines the classifications of
              pengelompokan aset dan liabilitas tertentu                                certain assets and liabilities as financial
              sebagai aset keuangan dan liabilitas                                      assets and financial liabilities by judging if
              keuangan dengan pertimbangan bila                                         they meet the definition financial liabilities
              definisi yang ditetapkan dalam liabilitas                                 based on PSAK 109. Accordingly, the
              keuangan sesuai dengan yang ditetapkan                                    financial assets and financial liabilities are
              dalam PSAK 109. Dengan demikian, aset                                     accounted for in accordance with
              keuangan dan liabilitas keuangan diakui                                   accounting policies disclosed in Note 2q.
              sesuai dengan kebijakan akuntansi seperti
              yang diungkapkan pada Catatan 2q.

           • Perjanjian konsesi jasa                                                •   Service concession arrangement

              ISAK 112 menjelaskan pendekatan untuk                                     ISAK 112 outlines an approach to account
              membukukan perjanjian konsesi jasa akibat                                 for service concession arrangement arising
              dari penyediaan jasa kepada publik.                                       from entities providing public services. It
              ISAK 112 mengatur bahwa operator (pihak                                   provides that the operator (concession right
              penerima konsesi jasa) tidak membukukan                                   beneficiary) should not account for the
              infrastruktur sebagai aset tetap, namun                                   infrastructure as fixed assets, but should
              diakui sebagai aset keuangan dan/atau aset                                recognize a financial asset and/or an
              takberwujud.                                                              intangible asset.

              Kelompok Usaha mengadakan Perjanjian                                       The Group entered into Perjanjian
              Pengusahaan Jalan Tol (PPJT) dengan                                        Pengusahaan Jalan Tol (PPJT) with BPJT
              BPJT memberikan hak, kewajiban dan                                         granted the Group the rights, obligations
              keistimewaan kepada Kelompok Usaha                                         and privileges including the authority to
              termasuk kewenangan dalam pendanaan,                                       finance, design, construction, operate, and
              desain,    konstruksi,     operasi,   dan                                  maintain the toll roads (Note 2.l).
              pemeliharaan jalan tol (Catatan 2.l).




                                                                 58
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PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                          For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                              As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

3.   PENGGUNAAN PERTIMBANGAN, ESTIMASI                              3.   MANAGEMENT’S    USE   OF   JUDGMENTS,
     DAN ASUMSI OLEH MANAJEMEN (lanjutan)                                ESTIMATES AND ASSUMPTIONS (continued)

     a.   Pertimbangan (lanjutan)                                        a.   Judgments (continued)

           •   Perjanjian konsesi jasa (lanjutan)                             •   Service     concession            arrangement
                                                                                  (continued)

               Pada akhir masa konsesi jasa, Kelompok                             Upon expiry of the service concession
               Usaha harus menyerahkan jalan tol kepada                           period, the Group shall handover the toll
               BPJT tanpa biaya, dalam keadaan                                    roads to the BPJT without cost, fully
               beroperasional dan kondisi yang baik,                              operational and in good working condition,
               termasuk setiap dan semua tanah yang                               including any and all existing land, works,
               diperlukan, pekerjaan, fasilitas jalan, dan                        toll road facilities, and equipment found
               peralatan tol yang secara langsung                                 therein directly related to, and in
               berkaitan dan berhubungan dengan                                   connection with, the operation of the toll
               pengoperasian fasilitas jalan tol.                                 road facilities.

               Kelompok Usaha berpendapat bahwa PPJT                              The Group has made judgment that the
               memenuhi kriteria sebagai model aset                               PPJT met the criteria under the intangible
               takberwujud, dimana aset konsesi diakui                            asset model, wherein the concession asset
               sebagai aset takberwujud sesuai dengan                             is recognized as an intangible asset in
               PSAK 238, “Aset Takberwujud”.                                      accordance with PSAK 238, “Intangible
                                                                                  Assets”.

               Kelompok Usaha diharuskan oleh ISAK 112                            The Group is required by ISAK 112 to present
               untuk menyajikan unsur pendapatan yang                             income elements that reflect revenue from
               merefleksikan     pendapatan      dari   jasa                      construction services on concession assets or
               konstruksi atas aset konsesi atau peningkatan                      enhancements        to   concession    asset
               kemampuan aset konsesi yang dilakukan                              capabilities carried out during the current
               selama periode berjalan pada laporan laba                          period in the consolidated statement of profit
               rugi dan penghasilan komprehensif lain                             or loss and other comprehensive income. For
               konsolidasian. Untuk tahun-tahun yang                              the years ended December 31, 2025, and
               berakhir pada tanggal 31 Desember 2025 dan                         2024, the Group recognized revenue from
               2024,     Kelompok       Usaha      mengakui                       construction services on concession assets of
               pendapatan dari jasa konstruksi atas aset                          Rp10,079,023 and Rp13,021,772 respectively
               konsesi        masing-masing          sebesar                      (Note 36).
               Rp10.079.023       dan          Rp13.021.772
               (Catatan 36).

               Kelompok Usaha mengakui pendapatan                                 The Group recognizes construction
               konstruksi aset konsesi dan biaya                                  revenue of concession asset and
               konstruksi atas aset konsesi sesuai dengan                         construction costs of concession asset in
               PSAK 115. Kelompok Usaha mengukur                                  accordance with PSAK 115. The Group
               pendapatan konstruksi atas aset konsesi                            measures construction revenue at the fair
               pada nilai wajar atas imbalan yang diterima                        value of the consideration received or to be
               atau akan diterima dan menambahkan                                 received and will add the margin, based on
               margin, berdasarkan estimasi terbaik                               management estimation calculated in
               manajemen yang dihitung dengan model                               certain model, in determining the initial toll
               tertentu,    pada saat penentuan tarif awal                        road tariff before the toll road is operated.
               jalan tol sebelum jalan tol dioperasikan.

          • Pengklasifikasian properti                                        •   Classification of property

               Kelompok Usaha menentukan apakah                                   The Group determines whether an
               sebuah        properti  yang      diperoleh                        acquired property is classified as
               diklasifikasikan sebagai properti investasi                        investment property or property inventory:
               atau persediaan properti:




                                                               59
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PT JASA MARGA (PERSERO) Tbk                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                        For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                            As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

3.   PENGGUNAAN PERTIMBANGAN, ESTIMASI                            3.   MANAGEMENT’S    USE   OF   JUDGMENTS,
     DAN ASUMSI OLEH MANAJEMEN (lanjutan)                              ESTIMATES AND ASSUMPTIONS (continued)

     a.   Pertimbangan (lanjutan)                                      a.   Judgments (continued)

          • Pengklasifikasian properti (lanjutan)                           •   Classification of property (continued)

              - Properti investasi terdiri dari tanah dan                       -   Investment property consists of land
                bangunan (terutama kantor dan properti                              and buildings (principally offices and
                ritel) yang tidak bertujuan untuk                                   retail property) which are not occupied
                digunakan oleh atau dalam kegiatan                                  substantially for use by, or in the
                operasi Kelompok Usaha, tidak juga                                  operations of the Group, nor for sale in
                untuk dijual dalam kegiatan bisnis, tetapi                          the ordinary course of business, but are
                digunakan         untuk       memperoleh                            held primarily to earn rental income and
                pendapatan sewa dan peningkatan nilai.                              capital appreciation.
              - Persediaan properti terdiri dari properti                       -   Property inventory consists of property
                yang bertujuan untuk dijual dalam                                   that is held for sale in the ordinary
                kegiatan bisnis. Secara khusus, berkaitan                           course of business. In particular, it
                dengan       properti     hunian     yang                           pertains to the residential property that
                dikembangkan oleh Kelompok Usaha dan                                the Group develops and intends to sell
                digunakan untuk dijual sebelum atau                                 on or before the completion of
                pada saat penyelesaian konstruksi.                                  construction.

          • Pengendalian atas entitas anak                                  •   Control over subsidiaries

              Dalam membuat pertimbangannya, direksi                            In making their judgment, the directors
              mempertimbangkan        ukuran       absolut                      considered the Group’s absolute size of
              kepemilikan Kelompok Usaha pada Entitas                           holding in the subsidiary and the relative
              Anak dan ukuran relatif dan penyebaran                            size of and dispersion of the shareholdings
              kepemilikan saham yang dimiliki oleh                              owned by the other shareholders. After
              pemegang      saham     lainnya.    Setelah                       assessment, the Directors concluded that
              penilaian, Direksi menyimpulkan bahwa                             the Group has a sufficiently dominant voting
              Kelompok Usaha memiliki hak suara yang                            interest to direct the relevant activities of the
              cukup dominan untuk mengarahkan                                   subsidiary and therefore the Group has
              kegiatan yang relevan dari Entitas Anak dan                       control over the subsidiaries.
              karenanya Kelompok Usaha memiliki
              pengendalian atas Entitas Anak.

              Direksi Perusahaan menilai apakah                                 The directors of the Company’s assessed
              Kelompok Usaha memiliki pengendalian                              whether or not the Group has control over a
              atas     Entitas    Anak     berdasarkan                          subsidiary based on whether the Group has
              kemampuan Kelompok Usaha untuk                                    the practical ability to direct the relevant
              mengarahkan kegiatan yang relevan dari                            activities of the subsidiaries unilaterally.
              Entitas Anak secara sepihak.

              Pada tahun 2025, pertimbangan signifikan                          In 2025, significant judgment was required
              diperlukan untuk menilai kapan Kelompok                           to assess when the Group obtained control,
              Usaha       memperoleh      pengendalian,                         including evaluating the relevant activities of
              termasuk dalam mengidentifikasi aktivitas                         the investee and determining whether
              relevan dari investee serta menentukan                            decisions related to those activities require
              apakah keputusan terkait aktivitas tersebut                       unanimous consent. The Group concluded
              memerlukan persetujuan bulat (unanimous                           that, for joint arrangements, the relevant
              consent). Kelompok Usaha menyimpulkan                             activities are those that pertain to the
              bahwa, untuk pengaturan bersama,                                  financial, operating, and capital decisions of
              aktivitas relevan adalah aktivitas yang                           the arrangement.
              berkaitan dengan keputusan keuangan,
              operasional,    dan   permodalan       dari
              pengaturan tersebut.




                                                             60
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PT JASA MARGA (PERSERO) Tbk                                                           PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                           As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

3.   PENGGUNAAN PERTIMBANGAN, ESTIMASI                           3.   MANAGEMENT’S    USE   OF   JUDGMENTS,
     DAN ASUMSI OLEH MANAJEMEN (lanjutan)                             ESTIMATES AND ASSUMPTIONS (continued)

     a.   Pertimbangan (lanjutan)                                     a.   Judgments (continued)

          • Pengendalian atas entitas anak (lanjutan)                      •   Control over subsidiaries (continued)

              Berdasarkan Akta Notaris No. 02 tanggal                          Based on Notarial Deed No. 02 dated
              28 Agustus 2025 yang dibuat di hadapan                           August 28, 2025, made before Ni Nyoman
              Ni Nyoman Rai Sumawati, S.H., M.Kn.,                             Rai Sumawati, S.H., M.Kn., as well as the
              serta surat persetujuan dari Kementerian                         approval letter from the Ministry of Law and
              Hukum dan Hak Asasi Manusia Republik                             Human Rights of the Republic of Indonesia
              Indonesia No. AHU-AH.01.03-0232354                               No. AHU-AH.01.03-0232354 Year 2025
              Tahun 2025 tanggal 1 September 2025,                             dated September 1, 2025, the shareholders
              para pemegang saham telah menyetujui:                            have approved:

              1. Peningkatan modal ditempatkan dan                             1. The increase in issued and paid-up
                 disetor sebesar Rp211.000 atau                                   capital amounted to Rp211,000, or
                 sebanyak 211.000 lembar saham yang                               211,000 shares, paid in cash by the
                 disetor secara tunai oleh Perusahaan                             Company and PT Adhi Karya (Persero)
                 dan PT Adhi Karya (Persero) Tbk                                  Tbk with the details as follows:
                 dengan rincian sebagai berikut:

                  a. Setoran modal oleh Perusahaan                                    a. The capital contribution made by the
                     yang telah dilakukan secara penuh                                   Company, which has been fully paid
                     sebesar Rp111.448;                                                  in the amount of Rp111,448.

                  b. Setoran modal oleh PT Adhi Karya                                 b. The capital contribution made by
                     (Persero) Tbk. yang telah dilakukan                                 PT Adhi Karya (Persero) Tbk., which
                     secara bertahap dengan total                                        has been carried out in stages, with
                     sebesar Rp99.552;                                                   a total amount of Rp99,552;

              2. Perubahan anggaran dasar;                                     2. Amendments          to   the   articles   of
                                                                                  association;

              3. Pemberian kuasa dengan hak substitusi                         3. Granting power of attorney with
                 kepada Direksi Perusahaan.                                       substitution rights to the Company's
                                                                                  Board of Directors.

              Berdasarkan kajian terhadap Akta tersebut,                       Based on the review of the aforementioned
              serta dengan mengacu pada PSAK 110,                              Deed, and with reference to PSAK 110,
              “Laporan    Keuangan        Konsolidasian”,                      “Consolidated Financial Statements,” the
              Kelompok Usaha mengidentifikasi adanya                           Group identified certain substantive rights
              hak substantif dan klausul-klausul yang                          and clauses relating to relevant activities. As
              berkaitan  dengan      aktivitas   relevan.                      a result of these rights, the Company has:
              Berdasarkan hak-hak tersebut, Perusahaan
              memiliki:

              (i) kekuasaan atas aktivitas relevan JMJ;                        (i)     power over JMJ’s relevant activities;
              (ii) eksposur atau hak atas imbal hasil                          (ii)    exposure, or rights, to variable returns
                    variabel dari keterlibatannya dengan                               from its involvement with JMJ; and
                    JMJ; dan
              (iii) kemampuan        untuk   menggunakan                       (iii) the ability to use its power to affect
                    kekuasaannya guna mempengaruhi                                   those returns. Accordingly, the
                    imbal hasil tersebut.                                            Company concluded that it obtained
                                                                                     control over JMJ.

              Dengan         demikian,       Perusahaan                        Therefore, the Company concluded that it
              menyimpulkan        telah      memperoleh                        has obtained control over JMJ. Therefore,
              pengendalian atas JMJ. Oleh karena itu,                          as of September 1, 2025, the Group
              pada tanggal 1 September 2025, Kelompok                          consolidates JMJ as a subsidiary in the
              Usaha mengkonsolidasikan JMJ sebagai                             consolidated financial statements (Notes 1.f
              entitas anak dalam laporan keuangan                              and 51).
              konsolidasian (Catatan 1.f dan 51).

                                                            61
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PT JASA MARGA (PERSERO) Tbk                                                                PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                      AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                            For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                   (Expressed in millions of Rupiah, unless otherwise stated)

3.   PENGGUNAAN PERTIMBANGAN, ESTIMASI                                3.   MANAGEMENT’S    USE   OF   JUDGMENTS,
     DAN ASUMSI OLEH MANAJEMEN (lanjutan)                                  ESTIMATES AND ASSUMPTIONS (continued)

     b.   Estimasi dan Asumsi                                              b.   Estimates and Assumptions

           Asumsi utama masa depan dan sumber utama                             The key assumptions concerning the future and
           ketidakpastian estimasi lain pada tanggal                            other key sources of estimation of uncertainty at
           pelaporan yang memiliki risiko signifikan bagi                       the end of the reporting period that have a
           penyesuaian yang material terhadap nilai                             significant risk of causing a material adjustment
           tercatat aset dan liabilitas untuk periode                           to the carrying amounts of assets and liabilities
           berikutnya diungkapkan dalam paragraf                                within the next financial period are disclosed in
           berikut. Kelompok Usaha mendasarkan                                  the following paragraphs. The Group based its
           asumsi dan estimasi pada parameter yang                              assumptions and estimates on parameters
           tersedia pada saat laporan keuangan                                  available when the         consolidated financial
           konsolidasian disusun. Asumsi dan situasi                            statements        were     prepared.      Existing
           mengenai perkembangan masa depan                                     circumstances and assumptions about future
           mungkin berubah akibat perubahan pasar atau                          developments may change due to market
           situasi diluar kendali Kelompok Usaha.                               changes or circumstances arising beyond
           Perubahan tersebut dicerminkan dalam                                 the control of the Group. Such changes will be
           asumsi terkait pada saat terjadinya.                                 reflected in the assumptions when they occur.
          • Nilai wajar instrumen keuangan                                      •       Fair value of financial instruments
               Kelompok Usaha mencatat aset dan                                         The Group recorded certain assets and
               liabilitas keuangan tertentu pada nilai wajar,                           financial liabilities at fair value, which
               yang mengharuskan penggunaan estimasi                                    requires the use of accounting estimates.
               akuntansi. Sementara komponen signifikan                                 While significant components of fair value
               atas pengukuran nilai wajar ditentukan                                   measurement were determined using
               menggunakan bukti objektif yang dapat                                    verifiable objective evidence, the amount of
               diverifikasi, nilai perubahan nilai wajar dapat                          change in value reasonably may be
               berbeda         bila     Kelompok       Usaha                            different when the Group uses different
               menggunakan metodologi penilaian yang                                    valuation methodologies. Changes in fair
               berbeda. Perubahan nilai wajar aset dan                                  value of financial assets and liabilities can
               liabilitas    keuangan      tersebut      dapat                          indirectly affect profit or loss of the Group.
               memengaruhi secara langsung laba atau
               rugi Kelompok Usaha.
           •   Penyusutan      aset   tetap    dan    properti                      •   Depreciation of fixed          assets    and
               investasi                                                                investment properties
               Biaya perolehan aset tetap dan properti                                  The costs of fixed assets and investment
               investasi   disusutkan     menggunakan                                   properties are depreciated using the
               metode garis lurus berdasarkan taksiran                                  straight-line method over their estimated
               masa manfaat ekonomisnya. Manajemen                                      economic useful lives. Management
               mengestimasi masa manfaat ekonomis                                       estimates the useful lives of fixed assets
               aset tetap dan properti investasi antara                                 and investment properties to be between
               3 sampai dengan 30 tahun. Ini adalah umur                                3 to 30 years. This is the range of common
               yang secara umum diharapkan dalam                                        life expectancies applied in the industry in
               industri  dimana     Kelompok      Usaha                                 which the Group conducts its business.
               menjalankan bisnisnya. Perubahan tingkat                                 Changes in the level of usage and
               pemakaian dan perkembangan teknologi                                     technological developments could impact
               dapat memengaruhi masa manfaat                                           the economic useful lives and residual
               ekonomis dan nilai sisa aset, dan                                        values of assets and, therefore, future
               karenanya biaya penyusutan masa depan                                    depreciation charges may be revised.
               mungkin direvisi. Penjelasan lebih rinci                                 Further details are disclosed in Notes 11
               diungkapkan dalam Catatan 11 dan 12.                                     and 12.
          •    Amortisasi hak pengusahaan jalan tol                             •       Amortization of toll road concession right
               Kelompok Usaha melakukan amortisasi                                      The Group decided to amortize toll road
               hak pengusahaan jalan tol - jalan dan                                    concession rights - road and bridge using
               jembatan selama masa konsesi dengan                                      the toll road consumption pattern method
               menggunakan metode pola konsumsi jalan                                   derived from traffic over the concession
               tol yang diakibatkan oleh lalu lintas selama                             period.
               masa konsesi.

                                                                 62
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PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                          For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                              As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

3.   PENGGUNAAN PERTIMBANGAN, ESTIMASI                              3.   MANAGEMENT’S    USE   OF   JUDGMENTS,
     DAN ASUMSI OLEH MANAJEMEN (lanjutan)                                ESTIMATES AND ASSUMPTIONS (continued)

      b. Estimasi dan Asumsi (lanjutan)                                  b.   Estimates and Assumptions (continued)

               Nilai tercatat neto atas hak pengusahaan                           The net carrying value of toll road concession
               jalan tol Kelompok Usaha pada tanggal                              rights of the Group as of December 31, 2025
               31 Desember 2025 dan 2024 adalah masing-                           and 2024 amounting to Rp140,973,316 and
               masing sebesar Rp140.973.316 dan                                   Rp132,004,237, respectively.
               Rp132.004.237.

           •   Estimasi volume lalu lintas                                    •   Estimation of traffic volume

               Volume        lalu   lintas     diproyeksikan                      Traffic volume is projected based on the
               berdasarkan jumlah kendaraan dan                                   number of vehicles and adjusted for
               disesuaikan        dengan       perbandingan                       comparison to actual traffic volume.
               terhadap volume lalu lintas aktual. Namun                          However, over time, actual traffic volume
               seiring berjalannya waktu, volume lalu                             may differ from these estimates, depending
               lintas aktual dapat berbeda dengan                                 on changes in external factors that may
               estimasi, bergantung pada perubahan                                affect toll rates and traffic volume.
               faktor eksternal yang dapat memengaruhi
               tarif tol dan volume lalu lintas.

               Manajemen melakukan penilaian secara                               The Management perform periodic
               periodik terhadap total proyeksi volume lalu                       assessment on the total projected traffic
               lintas. Kelompok Usaha akan menunjuk                               volume. The Group will appoint an
               suatu konsultan lalu lintas profesional                            independent professional traffic consultant
               independen untuk melakukan studi lalu                              to perform independent professional traffic
               lintas    profesional    independen     dan                        studies and make an appropriate
               membuat penyesuaian yang tepat apabila                             adjustment if there is a material difference
               terdapat perbedaan material antara                                 between projected and actual traffic
               proyeksi volume lalu lintas dan volume lalu                        volume.
               lintas aktual.

           •   Provisi pelapisan jalan tol                                    •   Provision for overlay

               Provisi pelapisan ini akan dicadangkan                             Provision for overlay will be recorded
               secara berkala berdasarkan estimasi                                periodically based on the estimated
               seiring dengan penggunaan jalan tol.                               utilization of toll road by customers. This
               Provisi diukur dengan nilai kini atas                              provision is measured using the present
               estimasi       manajemen          terhadap                         value of management‘s estimate of the
               pengeluaran yang diperlukan untuk                                  expenditures required to settle present
               menyelesaikan liabilitas kini pada tanggal                         obligation at the reporting date.
               pelaporan.

           •   Imbalan kerja                                                  •   Employment benefits

               Penentuan kewajiban Kelompok Usaha                                 Determination of the Group’s obligations for
               untuk   menyediakan         imbalan kerja                          providing     employment      benefits    is
               bergantung pada pemilihan asumsi yang                              dependent on its selection of certain
               digunakan oleh aktuaris independen dalam                           assumptions used by the independent
               menghitung nilai-nilai tersebut.                                   actuaries in calculating such amounts.

               Asumsi tersebut termasuk antara lain,                              Those assumptions include, among others,
               tingkat diskonto, tingkat kenaikan gaji                            discount rate, future annual salary
               tahunan,    tingkat   pengunduran  diri                            increase, annual employee turnover rate,
               karyawan tahunan, tingkat kecacatan,                               disability rate, retirement age and mortality
               umur pensiun dan tingkat kematian.                                 rate.




                                                               63
Page 897
PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                           As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

3.   PENGGUNAAN PERTIMBANGAN, ESTIMASI                           3.   MANAGEMENT’S    USE   OF   JUDGMENTS,
     DAN ASUMSI OLEH MANAJEMEN (lanjutan)                             ESTIMATES AND ASSUMPTIONS (continued)
      b. Estimasi dan Asumsi (lanjutan)                               b.   Estimates and Assumptions (continued)

           • Imbalan kerja (lanjutan)                                      •   Employment benefits (continued)
             Hasil aktual yang berbeda dari asumsi                             Actual results that differ from the assumptions
             yang ditetapkan oleh Kelompok Usaha                               set forth by the Group are recognized
             langsung diakui dalam laba atau rugi pada                         immediately in profit or loss as incurred. While
             saat terjadinya. Sementara Kelompok                               the Group believes that its assumptions are
             Usaha berkeyakinan bahwa asumsi                                   reasonable and appropriate, significant
             tersebut adalah wajar dan sesuai,                                 differences in actual results or significant
             perbedaan signifikan pada hasil aktual                            changes in assumptions used can materially
             atau perubahan signifikan atas asumsi                             affect the estimated liability for employee
             yang ditetapkan Kelompok Usaha dapat                              benefits and employee benefits expense.
             memengaruhi secara material atas
             estimasi liabilitas imbalan kerja dan beban
             imbalan kerja neto.

              Nilai tercatat atas estimasi liabilitas                          The amount of the estimated long term
              imbalan kerja jangka panjang pada tanggal                        employee benefits liability as of December 31,
              31 Desember 2025 dan 2024 masing-                                2025 and 2024 amounted to Rp1,346,780
              masing    sebesar     Rp1.346.780    dan                         and Rp1,261,969, respectively.
              Rp1.261.969.

          • Pajak penghasilan                                              •   Income tax

             Pertimbangan signifikan dilakukan dalam                           Significant considerations are made in
             menentukan       liabilitas  atas     pajak                       determining corporate income tax liability.
             penghasilan badan. Terdapat transaksi dan                         There are certain transactions and
             perhitungan tertentu yang penentuan pajak                         computations for which the ultimate tax
             akhirnya adalah tidak pasti sepanjang                             determination is uncertain during the normal
             kegiatan usaha normal. Kelompok Usaha                             course of business. The Group recognizes
             mengakui liabilitas atas pajak penghasilan                        the income tax liability based on estimates of
             badan berdasarkan estimasi apakah akan                            whether there will be an additional income tax.
             terdapat tambahan pajak penghasilan                               Details of the nature and amount of recorded
             badan. Rincian atas sifat dan nilai tercatat                      income tax are disclosed in Note 18.
             pajak penghasilan diungkapkan pada
             Catatan 18.

             Peraturan Menteri Keuangan No. 72 Tahun                           Minister of Finance Regulation No. 72 of 2023
             2023 (PMK-72) tentang Penyusutan Harta                            (PMK-72) concerning Depreciation of
             Berwujud dan/atau Amortisasi Harta                                Tangible Assets and/or Amortization of
             Takberwujud telah berlaku pada 13 Juli                            Intangible Assets has effectively applied on
             2023.    PMK-72     menetapkan      bahwa                         13 July 2023. PMK-72 stipulates that the
             Perusahaan     dapat     memilih      untuk                       Company can choose to depreciate/amortize
             menyusutkan/mengamortisasi sesuai masa                            according to the actual useful life based on
             manfaat yang sebenarnya berdasarkan                               the Company's bookkeeping for permanent
             pembukuan Perusahaan untuk bangunan                               buildings and intangible assets that have a
             permanen dan harta tak berwujud yang                              useful life of more than 20 years.
             memiliki masa manfaat lebih dari 20 tahun.

          • Aset pajak tangguhan                                           •   Deferred tax assets

             Aset pajak tangguhan diakui atas seluruh                          Deferred tax assets are recognized for all
             perbedaan     temporer     yang      dapat                        deductible temporary differences, to
             dikurangkan, sepanjang kemungkinannya                             the extent that taxable income will be
             bahwa penghasilan kena pajak akan tersedia                        available so that all of part of the deferred
             sehingga semua bagian dari aset pajak                             tax assets can be utilized.
             tangguhan dapat dimanfaatkan.



                                                            64
Page 898
PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                          For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                              As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

3.   PENGGUNAAN PERTIMBANGAN, ESTIMASI                              3.   MANAGEMENT’S    USE   OF   JUDGMENTS,
     DAN ASUMSI OLEH MANAJEMEN (lanjutan)                                ESTIMATES AND ASSUMPTIONS (continued)

      b. Estimasi dan Asumsi (lanjutan)                                  b.   Estimates and Assumptions (continued)

          • Aset pajak tangguhan (lanjutan)                                   •   Deferred tax assets (continued)

             Estimasi signifikan oleh manajemen                                   Significant estimates by management are
             disyaratkan dalam menentukan jumlah aset                             required in determining the total deferred
             pajak tangguhan yang dapat diakui,                                   tax assets that can be recognized, based
             berdasarkan saat penggunaan dan tingkat                              upon the likely timing and the level of future
             penghasilan kena pajak masa yang akan                                taxable income together with future tax
             datang serta strategi perencanaan pajak                              planning strategies.
             masa depan.

          • Sewa                                                              •   Leases

             Kelompok Usaha mempunyai beberapa                                    The Group has various lease agreements
             perjanjian sewa dimana Kelompok Usaha                                where the Group acts as a lessee in respect
             bertindak sebagai penyewa untuk beberapa                             of certain assets.
             aset tertentu.

             Penentuan        apakah    suatu    perjanjian                       Determining whether an arrangement is or
             mengandung unsur sewa membutuhkan                                    contains a lease requires careful judgement
             pertimbangan yang cermat untuk menilai                               to assess whether the arrangement
             apakah perjanjian tersebut memberikan hak                            conveys a right to obtain substantially all
             untuk mendapatkan secara subtansial                                  the economic benefits from use of the asset
             seluruh manfaat ekonomi dari penggunaan                              throughout the period of use and right to
             aset     identifikasian   dan    hak     untuk                       direct the use of the asset, even if the right
             mengarahkan            penggunaan          aset                      is not explicitly specified in the
             identifikasian, bahkan jika hak tersebut tidak                       arrangement.
             dijabarkan secara eksplisit di perjanjian.

             Selain itu, dalam pengukuran awal liabilitas                         In addition, the initial measurement of lease
             sewa juga mengharuskan penggunaan suku                               liabilities also requires the use of interest
             bunga. Karena Kelompok Usaha tidak dapat                             rates. Since the Group could not readily
             dengan mudah menentukan suku bunga                                   determine the implicit rate, management
             implisit, manajemen menggunakan suku                                 use the Group's incremental borrowing rate
             bunga pinjaman inkremental Kelompok                                  as a discount rate.
             Usaha sebagai tingkat diskonto.

             Ada     beberapa     faktor  yang   perlu                            There are a number factors to consider in
             dipertimbangkan dalam menentukan suku                                determining an incremental borrowing rate,
             bunga pinjaman inkremental yang banyak                               many of which need judgement in order to
             diantaranya memerlukan pertimbangan                                  be able to reliably quantify any necessary
             untuk dapat secara andal mengukur                                    adjustments to arrive at the final discount
             penyesuaian yang diperlukan untuk sampai                             rates.
             pada tingkat diskonto akhir.

             Dalam menentukan jangka waktu sewa,                                  In determining the lease term, the Group
             Kelompok Usaha juga mempertimbangkan                                 also considers all facts and circumstances
             semua    fakta   dan     keadaan     yang                            that create an economic incentive to
             menimbulkan insentif ekonomi untuk                                   exercise an extension option. Extension
             menggunakan opsi perpanjangan. Opsi                                  options are only included in the lease term
             perpanjangan hanya termasuk dalam                                    if the lease is reasonably certain to be
             jangka waktu sewa jika cukup pasti akan di                           extended.
             perpanjang.

              Nilai tercatat atas liabilitas sewa pada                            The amount of the lease liabilities as of
              tanggal 31 Desember 2025 dan 2024                                   December 31, 2025 and 2024 amounted to
              masing-masing sebesar Rp189.590 dan                                 Rp185,590 and Rp124,018, respectively.
              Rp124.018.


                                                               65
Page 899
PT JASA MARGA (PERSERO) Tbk                                                                   PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                    As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                       (Expressed in millions of Rupiah, unless otherwise stated)

4.   KAS DAN SETARA KAS                                                   4.   CASH AND CASH EQUIVALENTS

     Akun ini terdiri dari:                                                    This account consists of:

                                                           2025                2024
      Kas                                                                                                                                   Cash
         Kas Kecil                                                4.215               3.625                                      Petty Cash
         Kas Proyek                                               5.376               3.982                                  Cash for Project
      Total Kas                                                   9.591               7.607                                           Total Cash

      Bank                                                                                                                         Cash in Banks
      Rupiah                                                                                                                               Rupiah
      Pihak Berelasi (Catatan 43)                          2.457.684            1.382.165                               Related Parties (Note 43)
      Pihak Ketiga:                                                                                                                  Third Parties:
         PT Bank Central Asia Tbk                             93.905               93.506                          PT Bank Central Asia Tbk
         PT Bank Maybank Indonesia Tbk                        21.704                3.110                   PT Bank Maybank Indonesia Tbk
         PT Bank Permata Tbk                                   5.544                7.887                              PT Bank Permata Tbk
         PT Bank Danamon Indonesia Tbk                         5.042                8.107                   PT Bank Danamon Indonesia Tbk
         PT Bank Pembangunan Daerah                                                                          PT Bank Pembangunan Daerah
           Jawa Barat dan Banten Tbk                              4.130            26.222                     Jawa Barat dan Banten Tbk
         PT Bank CIMB Niaga Tbk                                   3.519             2.043                          PT Bank CIMB Niaga Tbk
         PT Bank DKI                                              2.253            11.362                                       PT Bank DKI
         PT Bank Shinhan Indonesia                                1.650               948                        PT Bank Shinhan Indonesia
         PT Bank Pembangunan Daerah                                                                          PT Bank Pembangunan Daerah
           Sumatera Utara                                         1.228               878                                  Sumatera Utara
         PT Bank Danamon Syariah                                  1.114             1.092                         PT Bank Danamon Syariah
         PT Bank Pan Indonesia Tbk                                  780             3.223                        PT Bank Pan Indonesia Tbk
         PT Bank Muamalat Indonesia Tbk                             452               568                  PT Bank Muamalat Indonesia Tbk
         PT Bank Permata Syariah Tbk                                240               240                      PT Bank Permata Syariah Tbk
         PT Bank Ina Perdana Tbk                                     69                 -                          PT Bank Ina Perdana Tbk
         PT Bank Mega Tbk                                            53                 -                                PT Bank Mega Tbk
         PT Bank Victoria International Tbk                          26            13.744                  PT Bank Victoria International Tbk
         PT Bank KB Bukopin Tbk                                       6                27                           PT Bank KB Bukopin Tbk
         PT Bank Pembangunan Daerah                                                                          PT Bank Pembangunan Daerah
           Jawa Tengah                                             3                    4                                     Jawa Tengah
      Subtotal                                             2.599.402            1.555.126                                                 Subtotal
      Dolar Amerika Serikat                                                                                                   United States Dollar
      Pihak Berelasi (Catatan 43)                                  -                  251                                 Related Party (Note 43)
      Subtotal                                                     -                  251                                                 Subtotal
      Total Bank                                           2.599.402            1.555.377                                    Total Cash in Banks

      Deposito Berjangka                                                                                                         Time Deposits
      Rupiah                                                                                                                             Rupiah
      Pihak Berelasi (Catatan 43)                          2.880.830            2.923.056                              Related Parties (Note 43)
      Pihak Ketiga:                                                                                                                Third Parties:
         PT Bank Pembangunan Daerah                                                                         PT Bank Pembangunan Daerah
           Jawa Barat dan Banten Tbk                         600.000              100.000                     Jawa Barat dan Banten Tbk
         PT Bank Mayapada Internasional Tbk                  185.000              110.000              PT Bank Mayapada Internasional Tbk
         PT Bank Muamalat Indonesia Tbk                      140.000               60.000                 PT Bank Muamalat Indonesia Tbk
         PT Bank Jabar Banten Syariah                        110.000               70.000                    PT Bank Jabar Banten Syariah
         PT Bank Pan Indonesia Tbk                            42.630               25.725                       PT Bank Pan Indonesia Tbk
         PT Bank Pembangunan Daerah                                                                         PT Bank Pembangunan Daerah
           Sumatera Utara                                      39.000              39.000                                Sumatera Utara
         PT Bank Capital Indonesia Tbk                         30.000             110.056                    PT Bank Capital Indonesia Tbk
         PT Bank Pembangunan Daerah Banten Tbk                 29.000                   -         PT Bank Pembangunan Daerah Banten Tbk
         PT Maybank Indonesia Tbk                              25.000              30.552                       PT Maybank Indonesia Tbk
         PT Bank Aladin Syariah                                20.000                   -                           PT Bank Aladin Syariah
         PT Bank Hibank Indonesia                              15.000                   -                        PT Bank Hibank Indonesia
         PT Bank Mega Tbk                                       7.000                   -                               PT Bank Mega Tbk
         PT Bank Nano Syariah                                       -              35.000                            PT Bank Nano Syariah
         PT Bank Danamon Indonesia Tbk                              -              30.106                  PT Bank Danamon Indonesia Tbk
         PT Bank Pembangunan Daerah Jawa Timur Tbk                  -               5.900     PT Bank Pembangunan Daerah Jawa Timur Tbk
         PT Bank Pembangunan Daerah Jawa Tengah                     -               2.000       PT Bank Pembangunan Daerah Jawa Tengah
         PT Bank Permata Tbk                                        -               1.095                             PT Bank Permata Tbk
      Subtotal                                              4.123.460           3.542.490                                        Subtotal
      Dolar Amerika Serikat                                                                                                 United States Dollar
      Pihak Berelasi (Catatan 43)                              18.460              17.778                                Related Party (Note 43)
      Total Deposito Berjangka                              4.141.920           3.560.268                                  Total Time Deposits
      Total Kas dan Setara Kas                              6.750.913           5.123.252                     Total Cash and Cash Equivalents




                                                                   66
Page 900
PT JASA MARGA (PERSERO) Tbk                                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                   For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                       As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                          (Expressed in millions of Rupiah, unless otherwise stated)

4.   KAS DAN SETARA KAS (lanjutan)                                        4.      CASH AND CASH EQUIVALENTS (continued)

      Kisaran suku bunga tahunan deposito berjangka                                Ranges of annual interest rates on time deposits
      adalah sebagai berikut:                                                      are as follows:

                                                          2025                        2024
      Rupiah                                         2,25% - 7,50%                2,5% - 7,80%                                                 Rupiah
      Dolar Amerika Serikat                               4,00%                       4,50%                                        United States dollar
      Jatuh Tempo                                  Kurang dari 3 bulan/        Kurang dari 3 bulan/                                    Maturity Period
                                                   Less than 3 months          Less than 3 months




5.   INVESTASI JANGKA PENDEK                                              5.     SHORT-TERM INVESTMENTS

      Akun ini terdiri dari:                                                     This account consist of:

                                                           2025                  2024
      Efek yang Diukur pada Nilai Wajar melalui                                                       Marketable Securities Measured at Fair Value
        Penghasilan Komprehensif Lain                                                                      through Other Comprehensive Income
          Reksa Dana Mandiri Investasi                                                                                    Mutual Fund Mandiri
            Dana Obligasi Seri II                                 4.530                 4.530                    Investment - Bond II Series
            STAR-MMKU                                             3.192                     -                                   STAR-MMKU
            Reksadana BRI Seruni Pasar Uang                       3.192                     -             Reksadana BRI Seruni Pasar Uang
            Reksadana BRI Seruni Pasar Uang                                                               Reksadana BRI Seruni Pasar Uang
              Syariah                                          2.682                   2.682                                       Syariah
            STAR-SMM                                           2.396                   2.396                                     STAR-SMM
            Reksadana Insight Money Syariah                        -                   3.577              Insight Money Sharia Mutual Fund
            Reksadana Insight Money                                -                   2.544                      Insight Money Mutual Fund
            BRI MELATI                                             -                       1                                     BRI MELATI
        Kenaikan Nilai Aset Neto                               8.466                   7.061                         Increase in Net Assets Value
      Total                                                   24.458                  22.791                                                  Total


      Mutasi nilai aset bersih adalah sebagai berikut:                           Movement in net assets value are as follows:

                                                           2025                  2024
      Saldo Awal                                                  7.061             246.614                                      Beginning Balance
      Kenaikan (Penurunan) Nilai Aset Neto                        1.405            (383.555)                Increase (Decrease) in Net Assets Value
      Penyesuaian Reklasifikasi                                       -             144.002                           Adjustment of Reclassification
      Saldo Akhir                                                 8.466               7.061                                        Ending Balance



6. PIUTANG LAIN-LAIN                                                      6.     OTHER RECEIVABLES

     Akun ini merupakan piutang dari pelanggan terkait                            This account represents receivable from customers
     dengan penerimaan pendapatan tol, pendapatan                                 related to toll income, other business income,
     usaha lain, pinjaman pemegang saham, dividen,                                shareholder loans, dividends, employee loans and
     pinjaman karyawan dan bunga deposito. Rincian                                deposit interest. The details of other receivables are
     piutang lain-lain adalah sebagai berikut:                                    as follows:




                                                                     67
Page 901
PT JASA MARGA (PERSERO) Tbk                                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                   For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                       As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                          (Expressed in millions of Rupiah, unless otherwise stated)

6.   PIUTANG LAIN-LAIN (lanjutan)                                          6.    OTHER RECEIVABLES (continued)

     Piutang Lain-Lain Jangka Pendek                                             Short-Term Other Receivables

                                                           2025                 2024
     Piutang Lain-lain - Lancar                                                                                     Other Receivables - Current
       Pendapatan Tol                                                                                                              Toll Income
          Pihak Berelasi (Catatan 43)                         103.429                  28.575                     Related Parties (Note 43)
          Pihak Ketiga                                                                                                         Third Parties
            PT Bank Central Asia Tbk                              19.892               17.705                   PT Bank Central Asia Tbk
       Pinjaman Pemegang Saham                                                                                              Shareholder Loans
          Pihak Berelasi (Catatan 43)                         151.733              146.076                        Related Parties (Note 43)
       Pinjaman Karyawan                                                                                                      Employee Loans
          Pihak Ketiga                                                                                                         Third Parties
            Pegawai                                                 848                 2.382                                  Employees
       Pendapatan Lain                                                                                                          Other Income
          Pihak Berelasi (Catatan 43)                         287.013              175.503                        Related Parties (Note 43)
          Pihak Ketiga                                                                                                         Third Parties
            Kementerian Pekerjaan Umum dan                                                             Kementerian Pekerjaan Umum dan
              Perumahan Rakyat                                494.062              507.884                          Perumahan Rakyat
            PT Marga Maju Mapan                               128.693               47.609                        PT Marga Maju Mapan
            Tenan Tempat Istirahat dan Pelayanan               88.524               80.593             Tenant for Rest and Services Area
            PT Metropolitan City Center                        12.740                8.379                    PT Metropolitan City Center
            PT Astra Tol Nusantara                             12.607               26.187                        PT Astra Tol Nusantara
            PT Multi Karya Cemerlang                            9.766                  785                     PT Multi Karya Cemerlang
            PT Patria Putra                                     9.758                8.220                                 PT Patria Putra
            PT Nancy Wijaya                                     9.500                9.500                              PT Nancy Wijaya
            PT Kereta Cepat Indonesia China                     9.067                2.728              PT Kereta Cepat Indonesia China
            PT Lanais                                           8.370                6.486                                      PT Lanais
            PT Toll Square Jakarta                              7.950                6.800                        PT Toll Square Jakarta
            PT Maligi Permata Industrial Estate                 7.947               15.227            PT Maligi Permata Industrial Estate
            PT Tirtobumi Adyatunggal                            7.807                4.769                     PT Tirtobumi Adyatunggal
            PT Japek Tol Nusantara                              7.750                    -                       PT Japek Tol Nusantara
            PT Marga Bhakti Sari Sejahtera                      6.699                3.600                PT Marga Bhakti Sari Sejahtera
            PT Samudra Adidaya Sentosa                          6.192                4.034                 PT Samudra Adidaya Sentosa
            PT Tirta Fresindo Jaya                              6.053                    -                         PT Tirta Fresindo Jaya
            PT Paramount Enterprise International               5.848                    -          PT Paramount Enterprise International
            PT Acset Indonusa                                   5.447                    -                             PT Acset Indonusa
            PT Modern Widya Technical                           4.815                1.285                   PT Modern Widya Technical
            KSO Waskita - Acset                                 4.766                4.766                          KSO Waskita - Acset
            PT Roadmixindo Raya Persada                         3.350                3.369                PT Roadmixindo Raya Persada
            PT Bank Pembangunan Daerah                                                                    PT Bank Pembangunan Daerah
               Jawa Barat dan Banten Tbk                         4.361                3.080                 Jawa Barat dan Banten Tbk
            PT Bintaro Serpong Damai                             4.120               22.744                    PT Bintaro Serpong Damai
            PT Anugrah Bhakti Sentosa                            4.035                3.023                   PT Anugrah Bhakti Sentosa
            PT Simaka                                            3.574               35.599                                    PT Simaka
            PT Trans Bumi Serbaraja                              3.449                6.066                     PT Trans Bumi Serbaraja
            PT Akses Pelabuhan Indonesia                         3.058                     -              PT Akses Pelabuhan Indonesia
            PT Pratama Barokah                                   2.816                     -                        PT Pratama Barokah
            PT Prasarana Danoes Cemerlang                        2.794                     -            PT Prasarana Danoes Cemerlang
            PT Sasco Global Indonesia                            2.569                     -                  PT Sasco Global Indonesia
            PT Berdikari Cita Sejahtera                          2.104                1.417                   PT Berdikari Cita Sejahtera
            CV Akur Mandiri Sukses                               2.103                     -                     CV Akur Mandiri Sukses
            Lain-lain (di bawah Rp2.000)                        77.002               96.515                       Others (below Rp2,000)
       Subtotal                                              1.532.611            1.280.906                                           Subtotal
            Cadangan Kerugian Penurunan Nilai                (134.371)            (110.539)             Allowance for Impairment Losses
     Total                                                  1.398.240            1.170.367                                                  Total



                                                           2025                 2024
     Pihak Berelasi (Catatan 43)                              542.175              350.154                             Related Parties (Note 43)

     Pihak Ketiga                                             990.436              930.752                                         Third Parties
     Cadangan Kerugian Penurunan Nilai                       (134.371)            (110.539)                    Allowance for Impairment Losses
     Subtotal                                                 856.065              820.213                                             Subtotal
     Total                                                  1.398.240            1.170.367                                                Total




                                                                      68
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PT JASA MARGA (PERSERO) Tbk                                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                            (Expressed in millions of Rupiah, unless otherwise stated)

6.   PIUTANG LAIN-LAIN (lanjutan)                                         6.        OTHER RECEIVABLES (continued)

     Piutang Lain-Lain Jangka Panjang                                               Long-Term Other Receivables

                                                           2025                 2024
     Piutang Lain-lain Jangka Panjang                                                                              Long-term Other Receivables
       Pinjaman Pemegang Saham                                                                                             Shareholder Loans
          Pihak Berelasi (Catatan 43)                        341.071                312.946                        Related Parties (Note 43)
     Total                                                   341.071                312.946                                                Total


     Cadangan Kerugian Penurunan Nilai                                                Allowance for Impairment Losses

     Kelompok Usaha menerapkan simplifikasi kerugian                                  The Group applies simplified lifetime expected
     ekspektasian sepanjang umurnya untuk seluruh                                     credit loss for all other receivables. To measure
     piutang lain-lain. Untuk mengukur kerugian kredit                                the expected credit losses, other receivables
     ekspektasian, piutang lain-lain telah dikelompokkan                              have been grouped based on similar credit risk
     berdasarkan karakteristik risiko kredit dan waktu                                characteristics and the days past due.
     jatuh tempo yang serupa.

     Mutasi penyisihan kerugian penurunan nilai adalah                                The movement of the allowance for impairment
     sebagai berikut:                                                                 losses account are as follows:

                                                            2025                    2024
     Saldo awal tahun                                          110.539                 116.249                          Beginning balance year
     Penambahan (Catatan 40)                                    33.054                  10.994                                Addition (Note 40)
     Pemulihan (Catatan 39)                                       (780)                 (1.922)                              Recovery (Note 39)
     Penghapusan Piutang                                        (8.442)                (14.782)                         Write-off of Receivables
     Saldo akhir tahun                                         134.371                 110.539                           Ending balance year


     Berdasarkan hasil penelaahan terhadap keadaan                                    Based on a review of the condition of other
     akun piutang lain-lain pada akhir tahun, manajemen                               receivables at the end of year, management
     berkeyakinan bahwa penyisihan tersebut cukup                                     believes that the allowance for impairment losses
     untuk menutup kerugian yang mungkin terjadi atas                                 on other receivables is sufficient to cover possible
     ketidaktertagihan piutang lain-lain pada tanggal                                 losses that may arise from uncollected other
     31 Desember 2025 dan 2024.                                                       receivables as of December 31, 2025 and 2024.


7.   PERSEDIAAN                                                                7.    INVENTORIES

     Akun ini merupakan persediaan yang dimiliki                                      This account represents inventories owned by
     oleh JMRB dan JMTM, entitas anak, meliputi                                       JMRB and JMTM, subsidiaries, which consists of
     persediaan properti dan persediaan manufaktur                                    property inventory and manufacturing inventory
     dengan rincian sebagai berikut:                                                  with details as follows:

                                                           2025                      2024
     Persediaan Properti                                                                                                Property Inventory
       Tanah siap guna                                       137.250                    118.889                       Land ready for use
       Rumah tersedia untuk dijual                            17.208                     16.297                   House available for sale
       Subtotal                                              154.458                    135.186                                  Subtotal
     Persediaan Lain-lain                                                                                                  Other Inventory
       Persediaan BBM SPBU                                        6.407                     6.712                          Fuel Supplies
       Persediaan Retail                                            260                       361                         Retail Supplies
       Subtotal                                                   6.667                     7.073                                Subtotal
     Persediaan Manufaktur                                                                                        Manufacturing Inventory
       Material Manufaktur                                     6.108                      5.719                   Manufacturing Materials
     Total                                                   167.233                    147.978                                        Total

     Tanah siap guna adalah unit kavling berupa tanah                                 Ready-to-use land is a plot of land intended for
     yang diperuntukkan untuk dijual atau dibangun                                    sale or the construction of housing located in
     perumahan yang terletak di Perumahan Ambawani                                    Ambawani Housing and Royal Pandaan Housing.
     dan Perumahan Royal Pandaan.

                                                                    69
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PT JASA MARGA (PERSERO) Tbk                                                                   PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                    As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                       (Expressed in millions of Rupiah, unless otherwise stated)

7.   PERSEDIAAN (lanjutan)                                                7.    INVENTORIES (continued)
     Rumah tersedia untuk dijual adalah unit rumah yang                         House available for sale are housing units that
     telah dibangun dan sampai dengan akhir periode                             have been built and until the year end period the
     buku belum serah terima kunci yang terletak di                             keys have not been handed over located in Green
     Perumahan Green Residence Sidoarjo, Perumahan                              Residence Sidoarjo Housing, Spring Residence
     Spring Residence Sidoarjo, dan Perumahan Royal                             Sidoarjo Housing, and Royal Pandaan Housing.
     Pandaan.
     Beban persediaan yang diakui pada laba rugi untuk                           Cost from sales Inventory recognized in profit or
     tahun-tahun   yang   berakhir    pada    tanggal                            loss for years ended December 31, 2025 and
     31 Desember 2025 dan 2024 adalah masing-masing                              2024 are amounting to Rp625,747 and
     sebesar Rp625.747 dan Rp613.623.                                            Rp613,623.
     Berdasarkan hasil penelaahan atas kondisi fisik dan                        Based on the review of the physical condition and
     nilai realisasi neto persediaan, manajemen                                 net realizable value of inventories, management
     berpendapat bahwa nilai neto persediaan tersebut                           consider that above net inventories can be fully
     diatas direalisasikan sepenuhnya, sehingga tidak                           realized, so there is no provision for inventory
     diperlukan penyisihan penurunan nilai persediaan                           impairment required on December 31, 2025 and
     pada tanggal 31 Desember 2025 dan 2024.                                    2024.

8.   BIAYA DIBAYAR DIMUKA DAN UANG MUKA                                   8.    PREPAID EXPENSES AND ADVANCES
     Akun ini terdiri dari:                                                    This account consists of:
                                                           2025                2024
     Uang muka pekerjaan                                       64.510              60.566                                  Work advances
     Biaya dibayar dimuka                                      28.665              32.061                               Prepaid expenses
     Uang muka operasional                                     14.022              16.961                            Operational advances
     Total                                                    107.197             109.588                                            Total



9. DANA DIBATASI PENGGUNAANNYA                                            9.    RESTRICTED FUNDS
     Akun ini terdiri dari:                                                     This account consists of:
                                                           2025                2024
     Lancar                                                                                                                         Current
     Bank                                                                                                                             Bank
     Rekening Pembebasan Tanah                                                                                     Land Aquisition Account
       Pihak Berelasi (Catatan 43)                                8.399            14.070                       Related Parties (Note 43)
       Subtotal                                                   8.399            14.070                                        Subtotal
     Jaminan Sindikasi Bank                                                                                     Syndicated Bank Guarantee
       Pihak Berelasi (Catatan 43)                           180.391              195.957                       Related Parties (Note 43)
       Pihak Ketiga:                                                                                                       Third Parties:
         PT Bank Muamalat Indonesia Tbk                        20.000                    -             PT Bank Muamalat Indonesia Tbk
         PT Bank Central Asia Tbk                              10.706              24.744                     PT Bank Central Asia Tbk
       Subtotal                                               211.097             220.701                                        Subtotal
     Jaminan Pelaksanaan                                                                                                 Performance Bond
       Pihak Berelasi (Catatan 43)                             33.518              44.821                       Related Parties (Note 43)
       Pihak Ketiga:                                                                                                          Third Party:
         PT Bank Central Asia Tbk                              22.696                   -                     PT Bank Central Asia Tbk
       Subtotal                                                56.214              44.821                                        Subtotal
     Rekening Amanat Pendapatan Tol                                                                          Toll Collection Escrow Account
       Pihak Berelasi (Catatan 43)                            196.260             159.719                         Related Parties (Note 43)
       Pihak Ketiga:                                                                                                          Third Parties:
         PT Bank Central Asia Tbk                              38.913              41.345                     PT Bank Central Asia Tbk
         PT Bank DKI                                              118                 120                                   PT Bank DKI
       Subtotal                                               235.291             201.184                                          Subtotal
     Subtotal Bank                                            511.001             480.776                                      Subtotal Bank

     Deposito                                                                                                                     Deposits
     Jaminan Pemeliharaan                                                                                                Maintenance Bond
       Pihak Berelasi (Catatan 43)                                7.345               5.231                     Related Parties (Note 43)
     Jaminan Pembebasan Tanah                                                                                       Land Aquisition Account
       Pihak Ketiga:                                                                                                       Third Parties:
         PT Bank Panin Dubai Syariah                                -               1.728                  PT Bank Panin Dubai Syariah
     Subtotal Deposito                                          7.345               6.959                                 Deposits Subtotal
     Total Lancar                                             518.346             487.735                                    Total Current


                                                                   70
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PT JASA MARGA (PERSERO) Tbk                                                                                                               PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                   FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                                                    For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                                        As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                           (Expressed in millions of Rupiah, unless otherwise stated)

9. DANA DIBATASI PENGGUNAANNYA (lanjutan)                                                                   9.      RESTRICTED FUNDS (continued)
                                                                                   2025                           2024
     Tidak Lancar                                                                                                                                                                   Non-Current
     Bank                                                                                                                                                                                   Bank
     Jaminan Pembebasan Tanah                                                                                                                                         Land Aquisition Account
         Pihak Berelasi (Catatan 43)                                                     24.067                               20.041                                 Related Party (Note 43)
     Jaminan Sindikasi Bank                                                                                                                                        Syndicated Bank Guarantee
         Pihak Berelasi (Catatan 43)                                                   296.111                            102.843                                  Related Parties (Note 43)
         Pihak Ketiga :                                                                                                                                                       Third Parties:
           PT Bank Central Asia Tbk                                                      59.720                               81.668                            PT Bank Central Asia Tbk
           PT Bank Danamon Indonesia Tbk                                                  6.835                                6.552                      PT Bank Danamon Indonesia Tbk
           PT Bank CIMB Niaga Tbk                                                         6.489                                5.713                            PT Bank CIMB Niaga Tbk
           PT Bank Pembangunan Daerah                                                                                                                      PT Bank Pembangunan Daerah
              Sumatera Utara                                                             3.218                              2.622                                       Sumatera Utara
           PT Bank DKI                                                                       -                                535                                            PT Bank DKI
         Subtotal                                                                      372.373                            199.933                                                   Subtotal
     Subtotal Bank                                                                     396.440                            219.974                                                  Subtotal Bank

     Deposito                                                                                                                                                                                  Deposits
     Jaminan Pelaksanaan                                                                                                                                                            Performance Bond
         Pihak Berelasi (Catatan 43)                                                                 -                         7.345                                         Related Party (Note 43)
     Jaminan Pemeliharaan                                                                                                                                                          Maintenance Bond
         Pihak Berelasi (Catatan 43)                                                        5.231                                   -                                        Related Party (Note 43)
     Jaminan Sindikasi Bank                                                                                                                                                Syndicated Bank Guarantee
         Pihak Berelasi (Catatan 43)                                                         -                              5.419                                          Related Parties (Note 43)
     Subtotal Deposito                                                                   5.231                             12.764                                                      Deposits Subtotal
     Total Tidak Lancar                                                                401.671                            232.738                                                    Total Non-Current
     Total                                                                             920.017                            720.473                                                                  Total

                                                                                 2025                          2024
     Rupiah                                                                     2,25%                         2,25%                                                                                Rupiah
     Jatuh Tempo Lancar                                                         Kurang dari 1 tahun/Less than 1 year                                                               Current Maturity Period
     Jatuh Tempo Tidak Lancar                                                   Lebih dari 1 tahun/More than 1 year                                                            Non-Current Maturity Period



10. INVESTASI PADA ENTITAS ASOSIASI                                               DAN                    10. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA                                                                                          VENTURE

     Rincian investasi pada entitas asosiasi dan ventura                                                         The details of the investments in associates and joint
     bersama adalah sebagai berikut:                                                                             venture are as follows:
                                                                                                                                                   2025
                                                                                    Nilai Tercatat                              Perubahan Selama Setahun / Changes in a Year
                                                                  Persentase         Penyertaan           Penambahan                                                                                   Nilai Tercatat
                                                                  Kepemilikan       Awal Tahun/          (Pengurangan)             Bagian Laba                              Bagian Penghasilan          Penyertaan
                                                                      (% )/           Carrying             Penyertaan/            (Rugi) Bersih/        Penerimaan          Komprehensif Lain/         Akhir Tahun/
                                                                  Percentage          Value at              Additions               Portion in            Dividen/           Portion in Other            Carrying
     Entitas Asosiasi dan Ventura Bersama/                        Ownership          Beginning             (Deduction)              Net Profit           Dividend             Comprehensive            Value at the
     Associates and Joint Venture                   Status            (%)            of the Year          of Investment              (Loss)              Received                Income              the End of Year
     Perusahaan/ The Company
     Entitas Asosiasi/ Associates
     PT Trans Lingkar Kita Jaya (TLKJ)         Operasi/ Operate      21,24                  272.753                       -                69.744               (42.480)                    (83)               299.934
     PT Citra Bhakti Margatama                 Pengakhiran PKP/      34,83                    56.787                      -                        -                  -                       -                 56.787
        Persada (CBMP)                          Termination of
                                                 Concession
     PT Citra Ganesha Marga                    Pengakhiran PKP/      30,00                    16.914                      -                        -                  -                          -              16.914
        Nusantara (CGMN)                        Termination of
                                                 Concession
     PT Bukaka Marga Utama (BMU)               Pengakhiran PKP/      20,00                     9.436                      -                        -                  -                          -               9.436
                                                Termination of
                                                 Concession
     PT Jasamarga Gedebage Cilacap (JGC)       Pengakhiran PKP/      51,54                    15.324                      -                        -                  -                          -              15.324
                                                Termination of
                                                 Concession
     PT Bogor Serpong Infra Selaras (BSIS)      Pengembangan/        26,00                     4.394              52.390                      (936)                   -                          -              55.848
                                                 Development
     Ventura Bersama/ Joint Venture
     PT Marga Lingkar Jakarta (MLJ)            Operasi/ Operate      51,00                  989.802                       -                36.912                (6.040)                    (24)             1.020.650
     Penyertaan tidak langsung melalui JTT/
       Indirect investment through JTT
     Ventura Bersama/ Joint Venture
     PT Jasamarga Jalanlayang Cikampek (JJC)   Operasi/ Operate      40,00                 1.582.160                      -               (62.888)                    -                     (15)             1.519.257
     PT Trans Marga Jateng (TMJ)               Operasi/ Operate      58,91                 1.735.439                      -               298.050                     -                     (39)             2.033.450
     PT Jasamarga Pandaan Malang (JPM)         Operasi/ Operate      51,00                 1.024.283                   -                  (29.649)                    -                       -                994.634
                                                                                           5.707.292              52.390                  311.233               (48.520)                   (161)             6.022.234
     Dikurangi/ Deducted
     Penurunan Nilai Penyertaan pada:
        Impairment of Investment in:
     CBMP                                                                                    (56.787)                     -                        -                  -                          -             (56.787)
     CGMN                                                                                    (16.914)                     -                        -                  -                          -             (16.914)
     BMU                                                                                      (9.436)                     -                        -                  -                          -              (9.436)
     JGC                                                                                     (15.324)                     -                        -                  -                          -             (15.324)
                                                                                             (98.461)                     -                        -                  -                          -             (98.461)
     Total                                                                                 5.608.831                                                                                                         5.923.773




                                                                                                71
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PT JASA MARGA (PERSERO) Tbk                                                                                                                PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                                      AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                    FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                            (Expressed in millions of Rupiah, unless otherwise stated)

10. INVESTASI PADA ENTITAS ASOSIASI                                               DAN                      10. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                                                                 VENTURE (continued)
                                                                                                                                                   2024
                                                                                      Nilai Tercatat                            Perubahan Selama Setahun / Changes in a Year
                                                                  Persentase           Penyertaan           Penambahan                                                                                    Nilai Tercatat
                                                                  Kepemilikan         Awal Tahun/          (Pengurangan)            Bagian Laba                                Bagian Penghasilan          Penyertaan
                                                                     (% )/              Carrying             Penyertaan/           (Rugi) Bersih/          Penerimaan          Komprehensif Lain/         Akhir Tahun/
                                                                  Percentage            Value at              Additions              Portion in              Dividen/           Portion in Other            Carrying
     Entitas Asosiasi dan Ventura Bersama/                        Ownership            Beginning             (Deduction)             Net Profit             Dividend             Comprehensive                Value
     Associates and Joint Venture                  Status             (%)              of the Year          of Investment             (Loss)                Received                Income              the End of Year

    Perusahaan/ The Company
    Entitas Asosiasi/ Associates
    PT Trans Lingkar Kita Jaya (TLKJ)         Operasi/ Operate       21,24                    211.271                       -               61.482                      -                           -             272.753
    PT Citra Bhakti Margatama                 Pengakhiran PKP/       34,83                     56.787                       -                    -                      -                           -              56.787
       Persada (CBMP)                          Termination of
                                                Concession
     PT Citra Ganesha Marga                   Pengakhiran PKP/       30,00                      16.914                      -                       -                   -                           -              16.914
       Nusantara (CGMN)                        Termination of
                                                Concession
     PT Bukaka Marga Utama (BMU)              Pengakhiran PKP/       20,00                       9.436                      -                       -                   -                           -               9.436
                                               Termination of
                                                Concession
     PT Jasamarga Gedebage Cilacap (JGC)      Pengakhiran PKP/       51,54                       1.981              13.343                          -                   -                           -              15.324
                                               Termination of
                                                Concession
     PT Bogor Serpong Infra Selaras (BSIS)      Concession           26,00                             -             4.394                          -                   -                           -               4.394
                                               Pengembangan/
                                                Development
    Ventura Bersama/ Joint Venture
    PT Marga Lingkar Jakarta (MLJ)            Operasi/ Operate       51,00                    960.939                       -               34.853                (5.406)                     (584)               989.802
    Penyertaan tidak langsung melalui JTT/
      Indirect investment through JTT
    Ventura Bersama/ Joint Venture
    PT Jasamarga Pandaan Tol (JPT)            Operasi/ Operate                                 445.602            (487.818)                 42.216                      -                        -                      -
    PT Jasamarga Jalanlayang Cikampek (JJC)   Operasi/ Operate       40,00                   1.669.543                   -                 (87.384)                     -                        1              1.582.160
    PT Trans Marga Jateng (TMJ)               Operasi/ Operate       58,91                     847.279             624.172                 264.056                      -                      (68)             1.735.439
    PT Jasamarga Pandaan Malang (JPM)         Operasi/ Operate       51,00                   1.057.657                   -                  (33.378)                    -                        4              1.024.283
    Penyertaan tidak langsung melalui JMRB/
      Indirect investment through JMRB
    PT PP Sinergi Banjaratma (PPSB)           Operasi / Operate      6,21                        9.276              (9.276)                      -                     -                         -                      -
                                                                                             5.286.685             144.815                 281.845                (5.406)                     (647)             5.707.292

    Dikurangi/ Deducted
    Penurunan Nilai Penyertaan pada /
       Impairment of Investment in:
         CBMP                                                                                  (56.787)                   -                         -                   -                           -             (56.787)
         CGMN                                                                                  (16.914)                   -                         -                   -                           -             (16.914)
         BMU                                                                                    (9.436)                   -                         -                   -                           -              (9.436)
         JGC                                                                                    (1.981)             (13.343)                        -                   -                           -             (15.324)
                                                                                               (85.118)             (13.343)                        -                   -                           -             (98.461)
     Total                                                                                   5.201.567                                                                                                          5.608.831




     Informasi tambahan untuk tahun-tahun yang                                                                     Additional information for the years ended
     berakhir pada tanggal 31 Desember 2025 dan 2024                                                               December 31, 2025 and 2024 related to investment
     sehubungan dengan investasi pada entitas asosiasi                                                             in associates and joint venture are as follows:
     dan ventura bersama adalah sebagai berikut:

     Entitas Asosiasi dan Ventura Bersama/                                   Total Aset/                    Total Liabilitas/                       Total Pendapatan/                    Laba (Rugi) Neto/
     Associates and Joint Ventures                                           Total Asset                   Total Liabilities                            Total Revenues                  Net Income (Loss)
     2025
      PT Jasamarga Jalanlayang Cikampek (JJC)                                     14.707.990                           10.942.739                                 1.134.710                               (157.522)
      PT Trans Marga Jateng (TMJ)                                                  6.497.582                            3.699.249                                 1.120.595                                532.257
      PT Jasamarga Pandaan Malang (JPM)                                            4.626.370                            3.900.288                                   386.994                                (59.204)
      PT Trans Lingkar Kita Jaya (TLKJ)                                            4.380.228                            3.217.263                                   853.900                                328.360
      PT Marga Lingkar Jakarta (MLJ)                                               1.718.195                              909.291                                   351.847                                 72.299
      PT Bogor Serpong Infra Selaras (BSIS)                                          224.373                               10.476                                         -                                 (3.596)
      PT Jasamarga Gedebage Cilacap (JGC)                                              2.766                                   51                                         -                                 (1.098)

     2024
      PT Jasamarga Jalanlayang Cikampek (JJC)                                     15.060.423                           11.137.612                                 1.091.494                               (218.111)
      PT Trans Marga Jateng (TMJ)                                                  6.472.755                            4.206.612                                 1.097.812                                565.628
      PT Jasamarga Pandaan Malang (JPM)                                             4.706.987                               3.921.701                               373.015                                (66.514)
      PT Trans Lingkar Kita Jaya (TLKJ)                                             4.395.314                               3.300.660                               761.003                                303.774
      PT Marga Lingkar Jakarta (MLJ)                                                1.639.713                                 891.217                               349.197                                 68.261
      PT Jasamarga Gedebage Cilacap (JGC)                                              49.800                                      53                                     -                                   (772)




                                                                                                72
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PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                          For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                              As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

10. INVESTASI PADA ENTITAS ASOSIASI                        DAN        10. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                            VENTURE (continued)

     PT Trans Lingkar Kita Jaya (TLKJ)                                   PT Trans Lingkar Kita Jaya (TLKJ)

     TLKJ didirikan berdasarkan Akta Notaris No. 18                      TLKJ was established based on Notarial Deed
     tanggal 19 Januari 2006, Agus Madjid, S.H., dalam                   No. 18 dated January 19, 2006, Agus Madjid, S.H.,
     rangka pengusahaan ruas tol Cinere-Jagorawi. Akta                   aimed to develop Cinere-Jagorawi toll road. The
     Pendirian disahkan oleh Menteri Hukum dan Hak                       Deed of Establishment was authorized by the
     Asasi Manusia Republik Indonesia dalam Surat                        Minister of Law and Human Rights of the Republic of
     Keputusan     No.    C-03269.HT.01.01     tanggal                   Indonesia        through     Decision       Letter
     7 Februari 2006.                                                    No. C-03269.HT.01.01 dated February 7, 2006.

     Berdasarkan Akta No. 18 tanggal 6 Agustus 2012                      Based on Deed no. 18 dated August 6 2012 from
     dari Notaris Ir. Nanette Cahyanie Handari Adi                       Notary Ir. Nanette Cahyanie Handari Adi Warsito,
     Warsito, SH., Perusahaan memiliki 110.448 lembar                    SH., The company owns 110,448 shares which is
     saham yang setara dengan 21,24% kepemilikan.                        equivalent to 21.24% ownership.

     Berdasarkan Akta No. 14 tanggal 30 Oktober 2019                     Based on Deed no. 14 dated 30 October 2019 from
     dari Notaris Doddy Radjasa Waluyo, SH.,                             Notary Doddy Radjasa Waluyo, SH., the Company
     Perusahaan memiliki 152.928 lembar saham yang                       owns 152,928 shares which is equivalent to 21.24%
     setara dengan 21,24% kepemilikan.                                   ownership.

     Berdasarkan Akta Notaris No. 27 tanggal                             Based on Notarial Deed No. 27 dated
     17 November 2023, Doddy Radjasa, S.H.,                              November 17, 2023, Doddy Radjasa, S.H., The
     Perusahaan menambah setoran modal sebesar                           Company increased its capital contributions
     Rp78.592 atau sebanyak 78.592 lembar saham.                         amounting to Rp78,592 or 78,592 shares. The Deed
     Akta Perubahan disahkan oleh Menteri Hukum dan                      of Amendment was approved by the Minister of Law
     Hak Asasi Manusia Republik Indonesia dalam Surat                    and Human Rights of the Republic of Indonesia in its
     Keputusan No. AHU-AH.01.03-0151632 Tahun                            Decision Letter No. AHU-AH.01.03-0151632 Year
     2023 tanggal 6 Desember 2023.                                       2023 dated December 6, 2023.

     Pada tanggal 31 Desember 2025, Perusahaan                           As of December 31, 2025, the Company owned
     memiliki 231.520 saham yang merupakan 21,24%                        231,520 shares which represent 21.24% of the total
     dari total kepemilikan. Pada tahun 2025,                            ownership. In 2025, the Company received dividends
     Perusahaan menerima dividen dari TLKJ sebesar                       from TLKJ of Rp42,480.
     Rp42.480.

     PT Trans Marga Jateng (TMJ)                                         PT Trans Marga Jateng (TMJ)

     PT Trans Marga Jateng (TMJ) didirikan pada                          PT Trans Marga Jateng (TMJ) was established on
     tanggal 7 Juli 2007 untuk menyelenggarakan Jalan                    July 7, 2007 to operate the Semarang-Solo Toll Road
     Tol Semarang - Solo berdasarkan Akta Notaris                        based on Notarial Deed No. 27 dated July 7, 2007
     No. 27 tanggal 7 Juli 2007 yang dibuat di hadapan                   made before the Notary Prof. Dr. Liliana Tedjosaputro,
     Notaris Prof. Dr. Liliana Tedjosaputro, S.H., M.H.,                 S.H., M.H., Notary in Jakarta. The Articles of
     notaris di Jakarta. Anggaran Dasar telah                            Association have been approved by the Minister of Law
     mendapatkan pengesahan dari Menteri Hukum dan                       and Human Rights No. C-03976.HT.01.01-TH.2007
     Hak Asasi Manusia No. C-03976.HT.01.01-TH.2007                      dated November 22, 2007 and announced in the State
     tanggal 22 November 2007 dan diumumkan dalam                        Gazette of the Republic of Indonesia No. 914
     Lembaran Berita Negara Republik Indonesia                           Supplement      State    Gazette     No.   8    dated
     No. 914 Tambahan Berita Negara No. 8 tanggal                        January 25, 2008.
     25 Januari 2008.

     Berdasarkan Akta Notaris Leolin Jayayanti, S.H.,                    Based on the Notarial Deed of Leolin Jayayanti, S.H.,
     No. 71 tanggal 17 Mei 2017 mengenai Perubahan                       No. 71 dated May 17, 2017 concerning Amendments
     dan Pernyataan Kembali Perjanjian Usaha                             and Restatement Joint Venture Agreement, PT Trans
     Patungan, para pemegang saham PT Trans Marga                        Marga Jateng (TMJ) shareholders have agreed that
     Jateng (TMJ) telah sepakat bahwa pengendalian                       TMJ's control is carried out jointly by the Company and
     TMJ dilakukan secara bersama oleh Perusahaan                        PT Astratel Nusantara. This has resulted since
     dan PT Astratel Nusantara. Hal ini mengakibatkan                    May 17, 2017, the Company has not consolidated the
     sejak tanggal 17 Mei 2017, Perusahaan tidak                         TMJ's financial statements.
     melakukan konsolidasi atas laporan keuangan TMJ.



                                                                 73
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PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                          For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                              As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

10. INVESTASI PADA ENTITAS ASOSIASI                        DAN        10. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                            VENTURE (continued)

     PT Trans Marga Jateng (TMJ) (lanjutan)                              PT Trans Marga Jateng (TMJ) (continued)

     Berdasarkan Akta No. 280 Notaris Jimmy Tanal,                       Based on Notarial Deed No. 280 of Notary Jimmy
     S.H., M.Kn., tanggal 30 Desember 2019,                              Tanal, S.H., M.Kn., dated December 30, 2019, the
     Perusahaan melakukan penjualan saham kepada                         Company sold 18,990,410 shares or equivalent to
     PT Trans Optima Luhur (TOL) sebanyak 18.990.410                     Rp189,990 to PT Trans Optima Luhur (TOL) with sales
     lembar saham atau setara dengan Rp189.990                           price of Rp427,284. Therefore, the Company’s
     dengan harga jual sebesar Rp427.284. Dengan                         ownership in TMJ was 50.91%.
     demikian, kepemilikan Perusahaan pada TMJ
     menjadi sebesar 50,91%.

     Berdasarkan Akta Pengalihan Saham No. 04                            Based on Deed of Share Transfer No. 04 dated
     tanggal 02 Desember 2024 oleh Notaris                               02 December 2024 by Notary Mudita Chitta Odang,
     Mudita Chitta Odang, S.H., M.kn, JTT menerima                       S.H., M.kn, JTT received the shares of TMJ from TOL
     pengalihan saham TMJ dari TOL yang mewakili                         which represents 8.00% of shares ownership as a result
     8,00% kepemilikan saham sebagai dampak dari                         of the dissolution of DINFRA. Due to this transaction,
     pembubaran DINFRA. Atas transaksi tersebut                          the Company through JTT owns TMJ’s shares directly
     Perusahaan melalui JTT memiliki saham TMJ                           and indirectly amounting to 58,91%. JTT and PT
     secara langsung dan tidak langsung sebesar                          Astratel Nusantara still exercise joint control over TMJ,
     58,91%. JTT dan PT Astratel Nusantara masih                         resulting investment in TMJ recognized as investment
     melakukan pengendalian bersama atas TMJ,                            in joint venture.
     sehingga investasi pada TMJ diakui sebagai
     investasi pada ventura bersama.

     Pada tanggal 31 Desember 2025, Perusahaan telah                     As of December 31, 2025, the Company had an
     memiliki penyertaan saham secara tidak langsung                     indirect equity participation in TMJ through JTT of
     pada TMJ melalui JTT sebesar 58,91%.                                58.91%.

     PT Citra Bhakti Margatama Persada (CBMP)                            PT Citra Bhakti Margatama Persada (CBMP)

     CBMP didirikan berdasarkan Akta Notaris                             CBMP was established based on the Notarial Deed
     No. 50, tanggal 11 Desember 1995, Siti Pertiwi                      No. 50, dated December 11, 1995, Siti Pertiwi Henny
     Henny Singgih, S.H. Penyertaan pada CBMP                            Singgih, S.H. The investment in CBMP was made in
     dilakukan sehubungan dengan penyelenggaraan                         relation to the construction and operation of JORR
     proyek jalan tol JORR Seksi E2 - E3 - N (Cikunir -                  toll road Section E2 - E3 - N (Cikunir - Cakung -
     Cakung - Cilincing - Tanjung Priok) untuk jangka                    Cilincing - Tanjung Priok) for period of 33
     waktu 33 tahun dan akan berakhir pada tahun 2028,                   years and will be ending in 2028. The Company
     Perusahaan memiliki 56.787.000 lembar saham                         owns 56,787,000 shares at par value of Rp1,000 (full
     dengan nilai nominal Rp1.000 (Rupiah penuh) per                     Rupiah) per share or equivalent to Rp56,787
     lembar saham atau setara dengan Rp56.787 yang                       representing 34.83% of the total ownership.
     merupakan 34,83% dari total kepemilikan.

     Pembangunan jalan tol oleh CBMP dibiayai dari                       Toll road construction by CBMP was financed by
     fasilitas pinjaman sindikasi bank. Krisis ekonomi                   loan facilities from a syndicated bank loan.
     telah menyebabkan ketidakpastian terhadap                           The economic crisis created an uncertainty about the
     kemampuan        CBMP         dalam     menyelesaikan               ability of CBMP to settle its liabilities at the maturity
     kewajibannya pada saat jatuh tempo dan dalam                        date and in using its loan facilities to finance the toll
     merealisasikan       fasilitas     pinjaman     untuk               road construction progress. A restructuring
     pembiayaan       jalan      tol   tahap    konstruksi.              conducted by certain of CBMP’s creditors resulted to
     Restrukturisasi yang dilakukan terhadap sebagian                    the stoppage of toll road construction.
     dari kreditur CBMP telah mengakibatkan
     penghentian pelaksanaan pembangunan jalan tol.

     Adanya surat Perusahaan kepada CBMP                                 The Company issued Letter No. AA.02.1009, dated
     No. AA.02.1009 tanggal 25 JuIi 2000 mengenai                        July 25, 2000, to CBMP regarding the termination of
     pengakhiran Perjanjian Kerja Sama Pengusahaan                       the Concession Agreement No. 96, dated
     (PKP) No. 96 tanggal 16 Desember 1995                               December 16, 1995.      As a consequence of this
     mengakibatkan penyertaan Perusahaan pada                            termination, the Company’s investment in CBMP has
     CBMP tidak memiliki nilai ekonomis, Perusahaan                      no economic value, The Company has recognized
     mengakui kerugian penurunan nilai penyertaan                        loss on impairment of the investment shares of
     saham pada CBMP tahun 2000 sebesar Rp56.787.                        CBMP in 2000 amounting to Rp56,787.

                                                                 74
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PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                          For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                              As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

10. INVESTASI PADA ENTITAS ASOSIASI                        DAN        10. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                            VENTURE (continued)

     PT Citra Ganesha Marga Nusantara (CGMN)                             PT Citra Ganesha Marga Nusantara (CGMN)

     CGMN didirikan berdasarkan Akta Notaris No. 300,                    CGMN was established based on the Notarial Deed
     tanggal 22 Desember 1993, Siti Pertiwi Henny                        No. 300, dated December 22, 1993, Siti Pertiwi
     Singgih, S.H., dalam Akta No. 67 tanggal 7 Juli 1994                Henny Singgih, S.H., in conjunction with the Deed
     dari Notaris Sri Laksmi Damayanti, S.H. Penyertaan                  No. 67 dated July 7, 1994 of Notary Sri Laksmi
     pada CGMN dilakukan sehubungan dengan                               Damayanti, S.H. The investment in CGMN was
     penyelenggaraan proyek jalan tol Cikampek -                         made in relation to the construction and operation of
     Padalarang. Perusahaan memiliki 5.310 saham                         the Cikampek - Padalarang toll road project. The
     dengan nilai nominal Rp1.841 (Rupiah penuh) per                     Company owned 5,310 shares at par value of
     lembar saham atau setara dengan Rp9.775 yang                        Rp1,841 (full Rupiah) per share or equivalent to
     merupakan 30,00% dari total kepemilikan.                            Rp9,775 representing 30.00% of the total ownership.

     Berdasarkan surat Menteri Pekerjaan Umum                            Based on the letter from the Minister of Public
     Republik Indonesia No. KU.201-Mn/68 tanggal                         Works      of    the     Republic     of    Indonesia
     4 Maret 1996 dan surat Menteri Keuangan Republik                    No. KU.201-Mn/68 dated March 4, 1996, and the
     Indonesia      No.     1562/A/52/0496    tanggal                    letter from the Minister of Finance of the Republic of
     18 April 1996, Perusahaan memperoleh pengalihan                     Indonesia No. 1562/A/52/0496 dated April 18, 1996,
     Intellectual Property Rights (IPR) dalam bentuk                     the Company acquired the transfer of Intellectual
     rancangan proyek jalan tol Cikampek - Padalarang                    Property Rights (IPR) in the form of the Cikampek -
     sebesar £4.700.000 (nilai penuh) atau setara                        Padalarang toll road project design amounting to
     dengan Rp16.914 sebagai Tambahan Modal Disetor                      £4,700,000 (full value) or equivalent to Rp16,914 as
     Pemerintah pada Perusahaan.                                         Additional Paid-in Capital from the Government to
                                                                         the Company.

     Selanjutnya, Perusahaan mengalihkan IPR tersebut                    The Company then transferred the IPR to CGMN as
     kepada CGMN sebagai penyertaan saham                                an investment by the Company to CGMN. Based on
     Perusahaan di CGMN. Berdasarkan perjanjian                          the joint venture agreement between the Company
     usaha patungan antara Perusahaan dengan CGMN,                       and CGMN, the IPR was valued at US$8,530.
     IPR tersebut dinilai setara dengan US$8.530.                        According to the decision during the Extraordinary
     Berdasarkan Keputusan Rapat Umum Pemegang                           General Meeting of Shareholders held by CGMN on
     Saham Luar Biasa CGMN tanggal 10 Juli 1998                          July 10, 1998 regarding the increase in paid up
     mengenai Peningkatan Modal Disetor, kepemilikan                     capital, the Company owns 8,530 shares at par value
     saham pada CGMN sejumlah 8.530 lembar saham                         of US$8,530,000 (full amount) or equal to Rp16,914.
     dengan nilai nominal US$8.530.000 (nilai penuh)
     atau setara dengan Rp16.914.

     Berdasarkan surat Perusahaan kepada CGMN                            Based on the Company’s Letter No. AA.HK01.1273
     No. AA.HK01.1273 tanggal 25 Juli 2001 mengenai                      to CGMN regarding termination of the Concession
     pengakhiran PKP No. 297 sebagai tindak lanjut dari                  Agreement No. 297 dated July 25, 2001 as a follow
     Surat Keputusan Menteri Pemukiman dan                               up from the Decree of the Minister of Settlement and
     Prasarana     Wilayah     Republik      Indonesia                   Regional Infrastructure of the Republic of Indonesia
     (Menkimpraswil) No. 417 tanggal 18 Juli 2001                        No. 417 dated July 18, 2001 regarding cancellation
     mengenai    pencabutan     Keputusan      Menteri                   of the Decree of the Minister of Public Works of the
     Pekerjaan     Umum       Republik       Indonesia                   Republic of Indonesia No. 321/KPTS/1994 dated
     No. 321/KPTS/1994, tanggal 24 Oktober 1994                          October 24,1994 regarding the Granting of license to
     mengenai     Pemberian    Izin    Kerja     Sama                    Concession Agreement to the Company to operate
     Penyelenggaraan Jalan Tol Cikampek - Padalarang                     the Cikampek - Padalarang toll road in the form of a
     kepada Perusahaan dalam bentuk usaha patungan                       joint venture with CGMN. Due to such termination,
     dengan    CGMN      mengakibatkan     penyertaan                    the investment in CGMN has no economic value.
     Perusahaan pada CGMN tidak memiliki nilai                           The Company recognized loss on the impairment of
     ekonomis.    Perusahaan    mengakui      kerugian                   this investment in shares of CGMN in 2001
     penurunan nilai penyertaan saham pada CGMN                          amounting to Rp16,914.
     sebagai beban tahun 2001 sebesar Rp16.914.




                                                                 75
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PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                          For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                              As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

10. INVESTASI PADA ENTITAS ASOSIASI                        DAN        10. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                            VENTURE (continued)

     PT Bukaka Marga Utama (BMU)                                         PT Bukaka Marga Utama (BMU)

     BMU     didirikan berdasarkan   Akta   Notaris                      BMU was established based on Notarial Deed
     No. 5 tanggal 17 Februari 1997, Sri Rahayu                          No. 5 dated February 17, 1997 Sri Rahayu Sedyono,
     Sedyono, S.H. Penyertaan pada BMU dilakukan                         S.H. The investment in BMU was made in relation to the
     sehubungan dengan penyelenggaraan proyek jalan                      construction and operation of the Ciawi-Sukabumi toll
     tol Ciawi-Sukabumi. Perusahaan memiliki 4.000                       road project. The Company owns 4,000 shares at par
     lembar saham dengan nilai nominal Rp2.359.000                       value Rp2,359,000 (full Rupiah) per share or equivalent
     (Rupiah penuh) per lembar saham atau setara                         to Rp9,436 which represent 20.00% of the total
     dengan Rp9.436 yang merupakan 20,00% dari total                     ownership.
     kepemilikan.

     Pemegang saham mayoritas BMU tidak dapat                            The majority shareholders of BMU could not give
     memberi kepastian atas pembangunan ruas jalan tol                   assurance regarding the toll road development as
     yang telah disetujui sesuai dengan PKP.                             agreed under the Concession Agreement. The
     Perusahaan mengakui kerugian penurunan nilai                        Company recognized loss on impairment related to this
     atas penyertaan saham pada BMU sebagai beban                        investment in 2005 amounting to Rp9,436.
     tahun 2005 sebesar Rp9.436.

     Selanjutnya, Perusahaan mengalihkan IPR tersebut                    The Company then transferred the IPR to CGMN as
     kepada CGMN sebagai penyertaan saham                                an investment by the Company to CGMN. Based on
     Perusahaan di CGMN. Berdasarkan perjanjian                          the joint venture agreement between the Company
     usaha patungan antara Perusahaan dengan CGMN,                       and CGMN, the IPR was valued at US$8,530.
     IPR tersebut dinilai setara dengan US$8.530.

     Berdasarkan Keputusan Rapat Umum Pemegang                           According to the decision during the Extraordinary
     Saham Luar Biasa CGMN tanggal 10 Juli 1998                          General Meeting of Shareholders held by CGMN on
     mengenai Peningkatan Modal Disetor, kepemilikan                     July 10, 1998 regarding the increase in paid up
     saham pada CGMN sejumlah 8.530 lembar saham                         capital, the Company owns 8,530 shares at par value
     dengan nilai nominal US$8.530.000 (nilai penuh)                     of US$8,530,000 (full amount) or equal to Rp16,914.
     atau setara dengan Rp16.914.

     PT PP Sinergi Banjaratma (PPSB)                                     PT PP Sinergi Banjaratma (PPSB)

    Berdasarkan Berita Acara Rapat Umum Pemegang                         Based on the Extraordinary General Meeting of
    Saham Luar Biasa No. 5 tanggal 29 Agustus 2023,                      Shareholders Minutes No 5 dated August 29, 2023,
    oleh Notaris Ni Nyoman Rai Sumawati, S.H.,M.Kn,                      by Notary Ni Nyoman Rai Sumawati, SH, MKn, and
    dan Akta Perubahan disahkan oleh Menteri Hukum                       the Amendment Deed approved by the Minister of
    dan Hak Asasi Manusia Republik Indonesia dalam                       Law and Human Rights of the Republic of Indonesia
    Surat Keputusan No. AHU-0057474.AHA.01.02                            in Decree No AHU-0057474.AHA.01.02 Year 2023
    Tahun 2023 tanggal 22 September 2023. Para                           dated September 22, 2023, the shareholders have
    pemegang saham menyetujui peningkatan modal                          agreed to increase the issued and paid-up capital of
    ditempatkan dan disetor PPSB. Perusahaan tidak                       PPSB. The Company does not inject additional
    menambah modal sehingga persentase kepemilikan                       capital, resulting in the dilution of the Company's
    Perusahaan terhadap PPSB terdilusi dari 20,00%                       ownership percentage in PPSB from 20.00% to
    menjadi 6,21%. Akibat dari penurunan kepemilikan,                    6.21%. As a consequence of the decrease in
    Perusahaan mereklasifikasikan investasi pada                         ownership, the Company reclassifies its investment
    PPSB sebagai aset keuangan (Catatan 16).                             in PPSB as a financial aset (Note 16).

     PT Marga Lingkar Jakarta (MLJ)                                      PT Marga Lingkar Jakarta (MLJ)

     MLJ didirikan berdasarkan Akta No. 26 tanggal                       MLJ was established based on Deed No. 26 dated
     24 Agustus 2009 yang dibuat di hadapan Edi                          August 24, 2009 made before Edi Priyono, S.H.,
     Priyono, S.H., notaris di Jakarta. Anggaran Dasar                   notary in Jakarta. The Company's Articles of
     Perusahaan telah disahkan oleh Menteri Hukum                        Association have been ratified by the Minister of Law
     dan Hak Asasi Manusia Republik Indonesia dengan                     and Human Rights of the Republic of Indonesia with
     Surat Keputusan No. AHU-45700.AH.01.01 Tahun                        Decree No. AHU-45700. AH.01.01 Year 2009 dated
     2009 tanggal 15 September 2009.                                     September 15, 2009.




                                                                 76
Page 910
PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                          For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                              As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

10. INVESTASI PADA ENTITAS ASOSIASI                        DAN        10. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                            VENTURE (continued)

     PT Marga Lingkar Jakarta (MLJ) (lanjutan)                           PT Marga Lingkar Jakarta (MLJ) (continued)

     Berdasarkan Akta No. 3 dari Notaris Tatyana Indrati                 Based on Deed No. 3 from Notary Tatyana Indrati
     Hasjim, S.H., di Jakarta mengenai penambahan                        Hasjim, S.H., in Jakarta regarding the issued and
     jumlah modal ditempatkan dan disetor pada                           paid-up capital in PT MLJ, the Company has
     PT MLJ, Perusahaan memiliki 267.167.550 lembar                      267,167,550 shares or equivalent to 65.00% share
     saham atau setara dengan 65,00% kepemilikan                         ownership and PT Jakarta Marga Jaya has
     saham dan PT Jakarta Marga Jaya memiliki                            143,859,450 shares or equivalent to 35.00% share
     143.859.450 lembar saham atau setara dengan                         ownership issued by MLJ.
     35,00% kepemilikan saham diterbitkan oleh MLJ.
     Pada 28 Juni 2021, Perusahaan melakukan                             On June 28, 2021, the Company divested its share
     divestasi kepemilikan saham MLJ. Berdasarkan                        ownership in MLJ. Based on Notarial Deed No. 11
     Akta Notaris No. 11 tanggal 28 Juni 2021,                           dated June 28, 2021, the Company reduced its
     Perusahaan mengurangi kepemilikan saham yang                        shareholding issued by MLJ to 334,420,770 shares
     diterbitkan MLJ menjadi 334.420.770 lembar saham                    representing 51.00% of the total issued shares in
     yang mewakili 51,00% dari total saham yang telah                    MLJ.
     diterbitkan.
     Berdasarkan akta, MLJ dikendalikan secara                           Based on the deed, MLJ is jointly controlled between
     bersama antara Perusahaan dan JMJ           yang                    the Company and JMJ which causes the Company
     menyebabkan Perusahaan kehilangan kendali atas                      to lose control of MLJ so that since June 28, 2021 the
     MLJ sehingga sejak 28 Juni 2021 Perusahaan tidak                    Company no longer consolidates MLJ's financial
     lagi mengkonsolidasikan laporan keuangan MLJ ke                     statements into the Company's consolidated
     laporan keuangan konsolidasian Perusahaan dan                       financial statements and records the investment in
     mencatat investasi di MLJ sebagai investasi pada                    MLJ as an investment in a joint venture. In 2025, the
     ventura bersama. Pada tahun 2025, Perusahaan                        Company received dividends from MLJ of Rp6,040.
     menerima dividen dari MLJ sebesar Rp6.040.

     PT Jasamarga Pandaan Malang (JPM)                                   PT Jasamarga Pandaan Malang (JPM)

     JPM didirikan pada tanggal 6 Juni 2016                              JPM was established on June 6, 2016 based on
     berdasarkan Akta Notaris Ni Nyoman Rai                              Notarial Deed Ni Nyoman Rai Sumawati, S.H.,
     Sumawati, S.H., No. 09. Anggaran dasar telah                        No. 09. The articles of association have obtained
     memperoleh pengesahan dari Menteri Hukum dan                        approval from the Minister of Law and Human Rights
     Hak    Asasi  Manusia   Republik    Indonesia,                      of the Republic of Indonesia, as from the Decree
     sebagaimana dari surat Keputusan tertanggal                         dated June 8, 2016 No. AHU-0027731.AH.01.01
     8 Juni 2016 No. AHU-0027731.AH.01.01 Tahun                          Year 2016.
     2016.

     Berdasarkan Akta No. 4 tanggal 16 Maret 2020 dari                   Based on Deed No. 4 dated March 16, 2020 from
     Notaris Dra. Ec. Inggriati Djojoseputro, S.H., di                   Notary Dra. Ec. Inggriati Djojoseputro, S.H., in
     Surabaya mengenai penambahan jumlah modal                           Surabaya regarding the addition of the issued and
     ditempatkan dan disetor pada JPM, Perusahaan                        paid-up capital in JPM, the Company has 1,066,788
     memiliki     1.066.788   lembar   saham      atau                   shares or equivalent to 60.00% share ownership,
     setara dengan 60,00% kepemilikan saham,                             PT Pembangunan Perumahan (Persero) Tbk has
     PT Pembangunan Perumahan (Persero) Tbk                              622,293 shares or equivalent to 35.00% share
     memiliki 622.293 lembar saham atau setara dengan                    ownership, and PT Sarana Multi Infrastruktur
     35,00% kepemilikan saham, dan PT Sarana Multi                       (Persero) has 88,899 shares or equivalent to 5.00%
     Infrastruktur (Persero) memiliki 88.899 lembar                      share ownership issued by JPM.
     saham atau setara dengan 5,00% kepemilikan
     saham yang diterbitkan oleh JPM.

     Pada tanggal 30 Desember 2021, Perusahaan                           On December 30, 2021, the Company divested its
     melakukan divestasi kepemilikan saham pada JPM.                     share ownership in JPM. Based on Notarial Deed
     Berdasarkan Akta Notaris No. 16 tanggal                             No. 16 dated December 30, 2021, the Company
     30 Desember 2021, Perusahaan mengurangi                             reduced its shareholding issued by JPM to 906,770
     kepemilikan saham yang diterbitkan oleh JPM                         shares representing 51.00% of the total issued
     menjadi 906.770 lembar saham yang mewakili                          shares in JPM.
     51,00% dari total seluruh saham yang telah
     diterbitkan di JPM.

                                                                 77
Page 911
PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                          For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                              As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

10. INVESTASI PADA ENTITAS ASOSIASI                        DAN        10. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                            VENTURE (continued)

     PT Jasamarga Pandaan Malang (JPM) (lanjutan)                        PT    Jasamarga        Pandaan        Malang      (JPM)
                                                                         (continued)

     Berdasarkan akta tersebut, JPM dikendalikan                         Based on this deed, JPM is jointly controlled between
     secara bersama       antara Perusahaan dan                          the Company and PT Astra Tol Nusantara which
     PT Astra Tol Nusantara yang menyebabkan                             causes the Company to lose control of JPM so that
     Perusahaan kehilangan kendali atas JPM sehingga                     since December 30, 2021, the Company no longer
     sejak tanggal 30 Desember 2021, Perusahaan tidak                    consolidates JPM's financial statements into the
     lagi mengkonsolidasikan laporan keuangan JPM ke                     Company's consolidated financial statements and
     dalam laporan keuangan konsolidasian Perusahaan                     records the investment in JPM as an investment in a
     dan mencatat investasi di JPM sebagai investasi                     joint venture.
     pada ventura bersama.

     Berdasarkan Akta Pemisahan Divisi Regional                          Based on the Deed of Separation of the Jasamarga
     Jasamarga Transjawa Tollroad oleh Perusahaan                        Transjawa Tollroad Regional Division by the
     kepada JTT tanggal 1 Juli 2022 oleh Notaris                         Company to JTT dated July 1, 2022 by Notary
     Ir. Nanette Cahyanie Handari Adi Warsito, S.H.,                     Ir. Nanette Cahyanie Handari Adi Warsito, S.H., the
     Perusahaan telah melakukan pemisahan usaha                          Company has carried out a business separation by
     dengan     mengalihkan   seluruh   kepemilikan                      transferring all the Company’s ownership in JPM of
     Perusahaan     pada   JPM    sebesar   51,00%                       51.00% share ownership to JTT. JPM is jointly
     kepemilikan saham kepada JTT. JPM dikendalikan                      controlled between JTT and PT Astra Tol Nusantara.
     secara bersama antara JTT dan PT Astra Tol
     Nusantara.

     PT Jasamarga Gedebage Cilacap (JGC)                                 PT Jasamarga Gedebage Cilacap (JGC)

     JGC didirikan berdasarkan Akta Notaris No. 08                       JGC was established based on Notarial Deed
     tanggal 28 Januari 2022 dibuat oleh Ni Nyoman Rai                   No. 08 dated January 28, 2022 of Ni Nyoman Rai
     Sumawati, S.H., M.Kn., dan disahkan oleh Menteri                    Sumawati, S.H., M.Kn., and authorized by The
     Hukum dan Hak Asasi Manusia Republik Indonesia                      Ministry of Law and Human Rights in its Decision
     dengan Surat Keputusan AHU-007369.AH.01.01                          Letter No. AHU-007369.AH.01.01 Year 2022 dated
     Tahun 2022 tanggal 29 Januari 2022, dalam rangka                    January 29, 2022, aimed to develop the concession
     melaksanakan pengusahaan ruas jalan tol                             of the Gedebage-Tasikmalaya-Cilacap toll road
     Gedebage-Tasikmalaya-Cilacap.                                       section.

     Berdasarkan surat BPJT No. BM.08-P/69.2 tanggal                     Based on the letter No. BM.08-P/69.2 dated
     14 Februari 2022, menyatakan bahwa JGC                              February 14, 2022 by BPJT, JGC committed default
     melakukan cidera janji dengan gagal menyerahkan                     by failing to submit the implementation guarantee as
     jaminan pelaksanaan sesuai yang dipersyaratkan                      required in the PPJT. After the deadline for the
     dalam PPJT. Setelah tenggat waktu masa perbaikan                    default period has passed, JGC remains unable to
     cidera janji telah terlewati, JGC tetap tidak sanggup               provide guarantees of implementation. Therefore,
     untuk menyediakan jaminan pelaksanaan. Atas                         the Company considers that JGC has no economic
     dasar hal tersebut, Perusahaan berkeyakinan                         value.
     bahwa JGC tidak memiliki nilai ekonomis.

     Perusahaan memiliki 19.811 lembar saham dengan                      The Company owns 19,811 shares at par value of
     nilai nominal Rp100.000 (Rupiah penuh) per lembar                   Rp100,000 (full Rupiah) per share or equivalent to
     saham atau setara dengan Rp1.981 yang                               Rp1,981 which represent 32.50% of the total
     merupakan 32,50% dari total kepemilikan.                            ownership. The company acknowledged the loss of
     Perusahaan mengakui kerugian penurunan nilai                        impairment of shares in JGC as an expense at the
     penyertaan saham pada JGC sebagai beban akhir                       end of 2022 of Rp1,981.
     tahun 2022 sebesar Rp1.981.




                                                                 78
Page 912
PT JASA MARGA (PERSERO) Tbk                                                            PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                            For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                   (Expressed in millions of Rupiah, unless otherwise stated)

10. INVESTASI PADA ENTITAS ASOSIASI                        DAN          10. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                              VENTURE (continued)

     PT Jasamarga           Gedebage       Cilacap         (JGC)           PT Jasamarga          Gedebage        Cilacap     (JGC)
     (lanjutan)                                                            (continued)

     Berdasarkan Akta Notaris No. 05 tanggal                               Based on Notarial Deed No. 05 dated
     18 September 2024 dibuat oleh Rina Utami Djauhari                     September 18, 2024, made by Rina Utami Djauhari
     S.H. dan disahkan oleh Menteri Hukum dan Hak                          S.H. and ratified by the Minister of Law and Human
     Asasi Manusia Republik Indonesia dengan Surat                         Rights of the Republic of Indonesia with Decree
     Keputusan AHU-AH.01.03-0194587 Tahun 2024                             AHU-AH.01.03-0194587         Year      2024      dated
     tanggal 24 September 2024 para pemegang saham                         September 24, 2024, the shareholders agreed to the
     menyetujui penambahan setoran modal inbreng                           additional contribution of capital in the form of
     biaya prakarsa dimana Perusahaan menyetor                             initiative costs, where the Company contributed
     133.434 lembar sehingga porsi kepemilikan                             133,434 shares, therefore increasing the Company's
     Perusahaan atas JGC meningkat menjadi 51,54%.                         ownership portion in JGC to 51.54%. The Company
     Perusahaan tidak memiliki pengendalian utuh                           does not have full control over JGC, hence it is not
     terhadap JGC sehingga tidak dikonsolidasikan. Atas                    consolidated. Regarding the initiative costs that were
     biaya prakarsa yang dijadikan inbreng setoran                         contributed as capital contributions to JGC, the
     modal JGC, Perusahaan sudah mengakui kerugian                         Company has recognized an impairment loss.
     penurunan nilai.

     Berdasarkan Rapat Rapat Umum Pemegang                                 Based on the Extraordinary General Meeting of
     Saham Luar Biasa (RUPSLB) pada tanggal                                Shareholders (EGMS) on March 14, 2025, and the
     14 Maret 2025 dan Berita Acara No 02 tanggal                          Minutes No. 02 dated March 14, 2025,
     14 Maret 2025, para pemegang saham setuju untuk                       the shareholders agreed to distribute the
     membagikan sisa uang muka setoran modal                               remaining capital deposit advance of Rp35,126
     sebesar Rp35.126 (Catatan 17 dan 39).                                 (Notes 17 and 39).

     PT Jasamarga Jalanlayang Cikampek (JJC)                               PT Jasamarga Jalanlayang Cikampek (JJC)

     JJC didirikan pada tanggal 24 November 2016                           JJC was established on November 24, 2016 based on
     berdasarkan Akta No. 13 dibuat di hadapan Notaris                     Deed No. 13 made before Notary Ni Nyoman Rai
     Ni Nyoman Rai Sumawati, S.H., M.Kn., di Jakarta.                      Sumawati, S.H., M.Kn., in Jakarta. The Articles of
     Anggaran Dasar telah memperoleh pengesahan                            Association have obtained approval from the Minister of
     dari Menteri Hukum dan Hak Asasi Manusia                              Law and Human Rights of the Republic of Indonesia, as
     Republik Indonesia, sebagaimana dari Surat                            from the Decree dated November 28, 2016
     Keputusan     tanggal   28     November    2016                       No. AHU-0052873. AH.01.01 Year 2016.
     No. AHU-0052873.AH.01.01 Tahun 2016.

     Berdasarkan Akta No. 5 tanggal 31 Desember 2021                       Based on Deed No. 5 dated December 31, 2021 from
     dari Notaris Mira Aranti Ciptadi, S.H., M.Kn., di                     Notary Mira Aranti Ciptadi, S.H., M.Kn., in Karawang
     Karawang mengenai penambahan jumlah modal                             regarding the addition of the issued and paid-up capital
     ditempatkan dan disetor pada JJC, Perusahaan                          in JJC, the Company has 4,531,556 shares or
     memiliki 4.531.556 lembar saham atau setara                           equivalent to 80.00% share ownership, and PT Ranggi
     dengan 80,00% kepemilikan saham, dan PT Ranggi                        Sugironperkasa has 1,132,889 shares or equivalent to
     Sugironperkasa memiliki 1.132.889 lembar saham                        20.00% share ownership issued by JJC.
     atau setara dengan 20,00% kepemilikan saham
     yang diterbitkan oleh JJC.

     Berdasarkan Akta No. 1 tanggal 1 Juli 2022 dari                       Based on Deed No. 1 dated July 1, 2022 from Notary
     Notaris Mudita Chitta Odang, S.H., M.Kn., terkait                     Mudita Chitta Odang, S.H., M.Kn., regarding the
     pengalihan saham dalam JJC yang dimiliki oleh                         transfer of shares JJC owned by the Company to JTT
     Perusahaan kepada JTT sebesar 2.265.778 lembar                        in the amount of 2,265,778 shares or equivalent to
     saham atau setara dengan 40,00% kepemilikan                           40.00% share ownership issued by JJC.
     saham yang diterbitkan oleh JJC.




                                                                   79
Page 913
PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                          For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                              As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

10. INVESTASI PADA ENTITAS ASOSIASI                        DAN        10. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                            VENTURE (continued)

     PT Jasamarga Jalanlayang Cikampek (JJC)                             PT Jasamarga Jalanlayang Cikampek (JJC)
     (lanjutan)                                                          (continued)

     Pada tanggal 10 Oktober 2022, Perusahaan                            On October 10, 2022, the Company divested its share
     melakukan divestasi kepemilikan saham pada JJC.                     ownership in JJC. Based on Notarial Deed No. 2 dated
     Berdasarkan Akta Notaris No. 2 tanggal                              October 10, 2022, the Company sold its entire
     10 Oktober 2022, Perusahaan melakukan penjualan                     ownership of 2,265,778 shares or equivalent to 40.00%
     atas seluruh kepemilikan 2.265.778 lembar saham                     share ownership issued by JJC. The Company no
     atau setara dengan 40,00% kepemilikan saham                         longer consolidates JJC's financial statements into the
     yang diterbitkan oleh JJC. Perusahaan tidak lagi                    Company’s consolidated financial statements.
     mengkonsolidasikan laporan keuangan JJC ke
     laporan keuangan konsolidasian Perusahaan.

     PT Bogor Serpong Infra Selaras (BSIS)                               PT Bogor Serpong Infra Selaras (BSIS)

     BSIS didirikan berdasarkan Akta Notaris No. 5                       BSIS was established based on Notarial Deed No. 5
     tanggal 11 September 2024 dari Notaris Ni Nyoman                    dated September 11, 2024 from Notary Ni Nyoman Rai
     Rai Sumawati, S.H., M.Kn., yang disahkan                            Sumawati, S.H., M.Kn., which was approved by the
     oleh Menteri Hukum dan Hak Asasi Manusia                            Minister of Law and Human Rights of the Republic of
     Republik Indonesia dalam Surat Keputusan                            Indonesia in Decree No. AHU-0072016.AH.01.01 Year
     No. AHU-0072016.AH.01.01 Tahun 2024 tanggal                         2024 dated September 13, 2024. The Company is
     13 September 2024. Perusahaan berhak atas 4.394                     entitled to 4,394 shares or equivalent to Rp4,394.
     lembar saham atau sebesar Rp4.394. Komposisi                        The composition of BSIS shareholders is the Company
     pemegang saham BSIS adalah Perusahaan                               at 26.00%, PT Persada Utama Infra at 52.00%,
     sebesar 26,00%, PT Persada Utama Infra sebesar                      PT Adhi Karya (Persero) Tbk at 12.00%, and
     52,00%, PT Adhi Karya (Persero) Tbk sebesar                         PT Hutama Karya Infrastruktur at 10.00%.
     12,00% dan PT Hutama Karya Infrastruktur sebesar
     10,00%.

     Berdasarkan      Akta      No.     04     tanggal                   Based on Deed No. 04 dated September 22, 2025,
     22 September 2025 yang dibuat di hadapan Notaris                    made before Notary Ni Nyoman Rai Sumawati S.H.,
     Ni Nyoman Rai Sumawati S.H., M.Kn., yang                            M.Kn., which has been approved by the Minister of Law
     telah mendapatkan pengesahan Menteri Hukum                          and Human Rights of the Republic of Indonesia
     dan Hak Asasi Manusia Republik Indonesia                            No. AHU-AH.01.11-0225128 Year 2025 on
     No. AHU-AH.01.11-0225128 Tahun 2025 tanggal                         September 25, 2025, there is an increase in share
     25 September 2025 terdapat peningkatan modal                        capital of Rp201,500, of which the Company has taken
     saham sebesar Rp201.500 yang diambil bagian                         a portion of Rp52,390, where a cash deposit of
     oleh Perusahaan sebesar Rp52.390, dimana                            Rp10,793 and a initiative cost contribution of Rp41,597
     setoran tunai sebesar Rp10.793 dan inbreng biaya                    (Notes 17 and 48). There was no change in the
     prakarsa sebesar Rp41.597 (Catatan 17 dan 48).                      ownership percentage in BSIS as a result of this
     Atas transaksi tersebut tidak terdapat perubahan                    transaction.
     persentase kepemilikan di BSIS.




                                                                 80
Page 914
PT JASA MARGA (PERSERO) Tbk                                                                                            PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                            (Expressed in millions of Rupiah, unless otherwise stated)

11. ASET TETAP                                                                               11. FIXED ASSETS

     Rincian aset tetap adalah sebagai berikut:                                                   The details of fixed assets are as follows:

                                                                                          2025
                                         Saldo Awal/      Addition of                                                              Saldo Akhir/
                                          Beginning        Business         Penambahan/      Pengurangan/       Reklasifikasi/       Ending
                                           Balance       Combination         Additions        Deduction        Reclassification      Balance
     Harga Perolehan                                                                                                                                                 Acquisition Cost
     Aset Tetap Pemilikan Langsung                                                                                                                            Direct Acquisition Assets
       Hak atas Tanah                           59,076                  -                -               -                     -          59,076                         Land Rights
       Gedung Kantor dan Bangunan Lain         191,207                  -           25,510               -               11,365          228,082           Office and Other Buildings
       Peralatan Operasi dan Kantor            729,681                  -           85,880          (9,450)               8,898          815,009   Operational and Office Equipment
       Kendaraan Bermotor                       88,234                  -            1,607               -                     -          89,841                            Vehicles
       Sub Total                             1,068,198                  -          112,997          (9,450)              20,263        1,192,008                           Sub Total
     Aset Tetap dalam Konstruksi                25,630                  -           22,434               -              (19,208)          28,856              Construction in Progress
     Aset Hak Guna                                                                                                                                                 Right of Use Assets
       Kendaraan Bermotor                      334,538                  -          154,071         (85,771)                596           403,434                            Vehicles
       Gedung Kantor dan Bangunan Lain          37,131                  -           10,486               -                     -          47,617           Office and Other Buildings
       Peralatan Operasi dan Kantor             13,697                  -            4,780               -                 (596)          17,881   Operational and Office Equipment
       Sub Total                               385,366                  -          169,337         (85,771)                    -         468,932                           Sub Total
     Total Harga Perolehan                   1,479,194                  -          304,768         (95,221)               1,055        1,689,796                 Total Acquisition Cost

     Akumulasi Penyusutan                                                                                                                                  Accumulated Depreciation
     Aset Tetap Pemilikan Langsung                                                                                                                           Direct Acquisition Assets
       Gedung Kantor dan Bangunan Lain          50,531                  -           10,623               -                     -          61,154           Office and Other Buildings
       Peralatan Operasi dan Kantor            574,207                  -           54,745          (9,450)                 27           619,529   Operational and Office Equipment
       Kendaraan Bermotor                       84,453                  -            2,100               -                    -           86,553                            Vehicles
       Sub Total                               709,191                  -           67,468          (9,450)                  27          767,236                           Sub Total
     Aset Hak Guna                                                                                                                                                 Right of Use Assets
       Kendaraan Bermotor                      220,210                  -           93,726         (85,771)                   -          228,165                           Vehicles
       Gedung Kantor dan Bangunan Lain          35,401                  -            8,715               -                     -          44,116          Office and Other Buildings
       Peralatan Operasi dan Kantor              6,222                  -              258               -                    -            6,480   Operational and Office Equipment
       Sub Total                               261,833                  -          102,699         (85,771)                    -         278,761                           Sub Total
     Total Akumulasi Penyusutan                971,024                  -          170,167         (95,221)                  27        1,045,997      Total Accumulated Depreciations
     Nilai Tercatat                            508,170                                                                                   643,799                    Carrying Amount


                                                                                          2024
                                         Saldo Awal/      Addition of                                                              Saldo Akhir/
                                          Beginning        Business         Penambahan/      Pengurangan/       Reklasifikasi/       Ending
                                           Balance       Combination         Additions        Deduction        Reclassification      Balance

     Harga Perolehan                                                                                                                                                 Acquisition Cost
     Aset Tetap Pemilikan Langsung                                                                                                                            Direct Acquisition Assets
       Hak atas Tanah                           46,156                  -           12,920               -                     -          59,076                         Land Rights
       Gedung Kantor dan Bangunan Lain         171,102           2,566              15,544          (1,057)               3,052          191,207           Office and Other Buildings
       Peralatan Operasi dan Kantor            629,864           2,595              84,440               -               12,782          729,681   Operational and Office Equipment
       Kendaraan Bermotor                       87,938             206                  90               -                     -          88,234                            Vehicles
       Sub Total                               935,060           5,367             112,994          (1,057)              15,834        1,068,198                           Sub Total


     Aset Tetap dalam Konstruksi                21,437                  -           15,068               -              (10,875)          25,630              Construction in Progress
     Aset Hak Guna                                                                                                                                                 Right-of-Use Assets
       Kendaraan Bermotor                      288,664           4,394              42,402         (29,748)              28,826          334,538                            Vehicles
       Gedung Kantor dan Bangunan Lain          34,558                  -            3,152           (579)                     -          37,131           Office and Other Buildings
       Peralatan Operasi dan Kantor             50,137                  -            8,906         (16,520)             (28,826)          13,697   Operational and Office Equipment
       Sub Total                               373,359           4,394              54,460         (46,847)                    -         385,366                           Sub Total
     Total Harga Perolehan                   1,329,856           9,761             182,522         (47,904)               4,959        1,479,194                 Total Acquisition Cost


     Akumulasi Penyusutan                                                                                                                                  Accumulated Depreciation
     Aset Tetap Pemilikan Langsung                                                                                                                            Direct Acquisition Assets
       Gedung Kantor dan Bangunan Lain          38,834           2,517              10,232          (1,052)                    -          50,531           Office and Other Buildings
       Peralatan Operasi dan Kantor            517,506           1,877              54,824               -                     -         574,207   Operational and Office Equipment
       Kendaraan Bermotor                       82,337             206               1,910               -                     -          84,453                            Vehicles
       Sub Total                               638,677           4,600              66,966          (1,052)                   -          709,191                           Sub Total


     Aset Hak Guna                                                                                                                                                 Right of Use Assets
       Kendaraan Bermotor                      162,078           4,297              82,782         (29,748)                801           220,210                           Vehicles
       Gedung Kantor dan Bangunan Lain          30,275                  -            5,705           (579)                     -          35,401          Office and Other Buildings
       Peralatan Operasi dan Kantor             20,449                  -            3,094         (16,520)                (801)           6,222   Operational and Office Equipment
       Sub Total                               212,802           4,297              91,581         (46,847)                    -         261,833                           Sub Total
     Total Akumulasi Penyusutan                851,479           8,897             158,547         (47,899)                   -          971,024      Total Accumulated Depreciations
     Nilai Tercatat                            478,377                                                                                   508,170                     Carrying Amount



     Beban penyusutan aset tetap dialokasikan sebagai                                              Depreciation of fixed assets are allocated as follows:
     berikut:

                                                                            2025                    2024
     Beban tol dan usaha lainnya (Catatan 37)                                      84.130                     81.293            Toll and other operating expenses (Note 37)
     Beban umum dan administrasi (Catatan 38)                                      86.037                     77.254          General and administrative expenses (Note 38)
     Total                                                                     170.167                    158.547                                                     Total




                                                                                     81
Page 915
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

11. ASET TETAP (lanjutan)                                       11. FIXED ASSETS (continued)

     Kelompok Usaha telah mengasuransikan aset                     The Group has insured its fixed assets and certain
     tetapnya dan beberapa aset tertentu pada aset hak             specific assets related to the toll road property rights
     pengusahaan jalan tol terhadap risiko kebakaran               against fire risks and other risks with related parties:
     dan risiko lainnya kepada pihak berelasi:                     PT     Asuransi      Jasa      Indonesia     (Persero),
     PT    Asuransi    Jasa    Indonesia     (Persero),            PT          Asuransi          Jasindo          Syariah,
     PT        Asuransi        Jasindo         Syariah,            PT Jasa Raharja Putra, PT BRI Asuransi Indonesia,
     PT Jasa Raharja Putra, PT BRI Asuransi Indonesia,             PT Asuransi Kredit Indonesia, and third parties:
     PT Asuransi Kredit Indonesia dan pihak ketiga:                PT Asuransi Harta Aman Pratama Tbk and
     PT Asuransi Harta Aman Pratama Tbk dan                        PT Asuransi Bumiputera Muda, with a total insured
     PT Asuransi Bumiputera Muda dengan total nilai                value         of       Rp9,723,765          as        of
     pertanggungan sebesar Rp9.723.765 pada tanggal                December 31, 2025, and Rp12,397,961 as of
     31 Desember 2025 dan Rp12.397.961 pada                        December 31, 2024. The management of the Group
     31 Desember 2024. Manajemen Kelompok Usaha                    believes that the insured amount is sufficient to cover
     berpendapat bahwa nilai pertanggungannya cukup                potential losses from such risks.
     untuk menutup kemungkinan kerugian atas risiko
     tersebut.

    Nilai perolehan aset tetap yang sudah disusutkan               The acquisition value of fixed assets that have been
    penuh namun masih digunakan adalah Rp372.324                   fully depreciated but are still in use is Rp372,324 as
    pada     tanggal  31     Desember    2025    dan               of December 31, 2025, and Rp371,180 as of
    Rp371.180 pada 31 Desember 2024.                               December 31, 2024.

    Manajemen Kelompok Usaha berkeyakinan bahwa,                   The Group’s Management believe that, there are no
    tidak ada kejadian-kejadian atau perubahan-                    events or changes in circumstances that indicate any
    perubahan keadaan yang mengindikasikan adanya                  impairment in the value of fixed assets as of
    penurunan nilai aset tetap pada tanggal                        December 31, 2025 and 2024, respectively.
    31 Desember 2025 dan 2024.

    Pada tanggal 31 Desember 2025 dan 2024, tidak                  As of December 31, 2025 and 2024, there were no
    terdapat aset yang dibatasi hak miliknya akibat                assets subject to ownership restrictions due to debt.
    utang.

    Aset tetap dalam konstruksi adalah peralatan tol               Construction in progress are toll road equipment that
    yang masih progres implementasi, dan pekerjaan                 is still progress of implementation, and increase the
    tambah lingkup dan renovasi dari aset Gedung dan               scope and renovation of building and building assets
    bangunan milik Perusahaan, JMRB, JMTM, JMTO,                   own by the Company, JMRB, JMTM, JMTO, and
    dan CSJ.                                                       CSJ.

    Persentase penyelesaian aset tetap dalam                       Percentage completion of the construction in
    konstruksi per tanggal 31 Desember 2025 antara                 progress as of December 31, 2025 includes the
    lain Perusahaan 83%, JMRB 94% dan JMTM 75%,                    Company 83%, JMRB 94%, JMTM 75%, JMTO 80%
    JMTO 80% dan CSJ 95%. Tidak terdapat hambatan                  and CSJ 95%. There are no obstacles in the
    dalam penyelesaian aset tetap dalam konstruksi                 settlement of construction in progress.
    tersebut.

    Persentase penyelesaian aset tetap dalam                       Percentage completion of the construction in
    konstruksi per tanggal 31 Desember 2024 antara                 progress as of December 31, 2024 includes the
    lain Perusahaan 91%, JMRB 90% dan JMTM 70%.                    Company 91%, JMRB 90% and JMTM 70%. There
    Tidak terdapat hambatan dalam penyelesaian aset                are no obstacles in the settlement of construction in
    tetap dalam konstruksi tersebut.                               progress.

    Jumlah nilai kontraktual dalam perolehan aset tetap            The contractual value amount in fixed asset
    dalam konstruksi pada 31 Desember 2025 dan 2024                acquisitions   in    construction    as  of
    masing-masing sebesar Rp81.620 dan Rp26.238.                   December 31, 2025 and 2024 amounting to
                                                                   Rp81,620 and Rp26,238, respectively.




                                                           82
Page 916
PT JASA MARGA (PERSERO) Tbk                                                                        PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                            FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                            (Expressed in millions of Rupiah, unless otherwise stated)

11. ASET TETAP (lanjutan)                                                     11. FIXED ASSETS (continued)

                                                                        2025
                                            Akumulasi Saldo/                Estimasi Tahun Penyelesaian/
                                          Accumulated Balance               Estimated Year of Completion

     Aset tetap dalam konstruksi                                                                                          Construction in Progress
     Peralatan Operasi dan Kantor                          12.817                        2026                              Office and Other Buildings
     Gedung Kantor dan Bangunan Lain                       16.039                    2026-2027                      Operational and Office Equipment
     Total                                                 28.856                                                                                Total

                                                                        2024
                                            Akumulasi Saldo/                Estimasi Tahun Penyelesaian/
                                          Accumulated Balance               Estimated Year of Completion
     Aset tetap dalam konstruksi                                                                                          Construction in Progress
     Peralatan Operasi dan Kantor                          12.057                        2025                              Office and Other Buildings
     Gedung Kantor dan Bangunan Lain                       13.573                    2025-2026                      Operational and Office Equipment
     Total                                                 25.630                                                                               Total


    Pada 2025, Perusahaan melakukan pengurangan                                    In 2025, the Company reduce right of use assets
    atas aset hak guna kendaraan bermotor yang telah                               motor vehicle that have expired their contracts.
    habis masa kontraknya.

    Rincian keuntungan atas penjualan aset tetap                                   Details of gain on sale of fixed asset are as follows:
    adalah sebagai berikut:

                                                           2025                      2024
     Nilai Perolehan                                               9.450                           -                           Acquisition Cost
     Akumulasi Depresiasi                                         (9.450)                          -                 Accumulated Depreciation
     Nilai Tercatat                                                     -                          -                          Carrying Amount
     Nilai Jual Aset Tetap                                           447                           -                   Fixed Asset Sales Value
     Laba Penjualan Aset Tetap                                       447                           -               Gain on Sale of Fixed Asset


    Reklasifikasi      aset    tetap   dialokasikan   sebagai                      Reclassification of fixed assets is allocated as
    berikut:                                                                       follows:

                                                                        2025
                                             Sebelum/               Reklasifikasi/              Sesudah/
    Harga Perolehan                           Before               Reclassification               After                             Acquisition Cost
    Aset tetap                                    1.688.741                      1.055               1.689.796                            Fixed asset
    Aset takberwujud                                                                                                                 Intangible assets
      Hak pengusahaan jalan tol                164.176.370                     (1.055)            164.175.315           Toll road concession rights
    Subtotal                                   165.865.111                           -            165.865.111                                Subtotal

    Akumulasi Penyusutan                                                                                                  Accumulated Depreciation
    Aset tetap                                             -                       27                        27                           Fixed asset
    Aset takberwujud                                                                                                                 Intangible assets
        Hak pengusahaan jalan tol                          -                      (27)                      (27)        Toll road concession rights
    Subtotal                                             -                           -                      -                               Subtotal
    Total                                      165.865.111                           -            165.865.111                                  Total


                                                                        2024
                                             Sebelum/               Reklasifikasi/              Sesudah/
    Harga Perolehan                           Before               Reclassification               After                            Acquisition Cost
    Aset tetap                                    1.474.235                      4.959               1.479.194                           Fixed asset
    Aset takberwujud                                                                                                                Intangible assets
        Lainnya                                    501.471                     (4.959)                  496.512                             Others
    Total                                         1.975.706                          -                 1.975.706                                Total




                                                                      83
Page 917
PT JASA MARGA (PERSERO) Tbk                                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                               For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                   As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                      (Expressed in millions of Rupiah, unless otherwise stated)

12. PROPERTI INVESTASI                                                   12. INVESTMENT PROPERTIES

     Akun ini merupakan properti investasi yang dimiliki                     This account represents investment properties
     oleh JMRB, entitas anak.                                                owned by JMRB, a subsidiary.

                                                                     2025
                                  Saldo Awal/         Penambahan/           Pengurangan/          Saldo Akhir/
                               Beginning Balance       Additions             Deduction           Ending Balance
     Biaya Perolehan                                                                                                                   At cost
       Properti Investasi               1.121.368             56.938                       -             1.178.306      Investment properties
     Akumulasi Penyusutan                                                                                            Accumulated depreciation
      Properti Investasi                  142.187             23.852                       -              166.039       Investment properties
     Nilai Tercatat                       979.181                                                        1.012.267           Carrying Amount


                                                                     2024
                                  Saldo Awal/         Penambahan/           Pengurangan/          Saldo Akhir/
                               Beginning Balance       Additions             Deduction           Ending Balance
     Biaya Perolehan                                                                                                                   At cost
       Properti Investasi                 858.426            262.942                       -             1.121.368      Investment properties
     Akumulasi Penyusutan                                                                                            Accumulated depreciation
      Properti Investasi                  106.869             35.318                       -              142.187       Investment properties
     Nilai Tercatat                       751.557                                                         979.181            Carrying Amount


    Properti investasi terutama merupakan investasi                           Investment properties represent investment in rest
    pada bangunan tempat peristirahatan dan                                   area building, and properties in Klungkung and
    pelayanan, dan properti di Klungkung dan Manado.                          Manado. These investment properties are rented to
    Properti investasi tersebut disewakan ke pihak                            third parties.
    ketiga.

    Nilai wajar dari Properti Investasi dihitung oleh KJPP                   The fair value of the Investment Properties calculated
    Suwendho Rinaldy & Rekan, penilai independen                             by KJPP Suwendho Rinaldy & Partners, independent
    Ocky Rinaldi, MAPPI (Cert), dalam laporannya No :                        appraiser Ocky Rinaldi, MAPPI (Cert), in report No :
     a. 00065/2.0059-02/PI/03/0242/1/II/2025           atas                   a. 00065/2.0059-02/PI/03/0242/1/II/2025            for
          Tamansari Lagoon Apartement Condohotel                                  Tamansari Lagoon Apartment Condohotel
          di Manado dengan nilai wajar sebesar                                    in Manado with the fair value amounted to
          Rp19.016.                                                               Rp19,016.
     b. 00066/2.0059-02/PI/03/0242/1/II/2025           atas                   b. 00066/2.0059-02/PI/03/0242/1/II/2025 for the
          penilaian atas Wyndham Tamansari Jivva                                  valuation of the Wyndham Tamansari Jivva
          Resort di Klungkung dengan nilai wajar                                  Resort in Klungkung with the fair value
          sebesar Rp97.563.                                                       amounted to Rp97,563.

    dengan tanggal penilaian 31 Desember 2024 dan                            with a valuation date of December 31, 2024 and a
    tanggal laporan penilaian 14 Februari 2025.                              valuation report date of February 14, 2025.

    Penyusutan sebesar Rp23.852 dan Rp35.318                                 Depreciation amounting to Rp23,852 dan Rp35,318,
    masing-masing untuk tahun-tahun yang berakhir                            respectively for the years ended December 31, 2025
    pada tanggal 31 Desember 2025 dan 2024                                   and 2024 was charged to toll and other operating
    dibebankan pada akun beban tol dan usaha lainnya                         expenses (Note 37).
    (Catatan 37).

    Pendapatan sewa dan pendapatan properti                                  Revenues from rental and investment properties
    investasi yang diakui pada laba rugi untuk tahun-                        recognized in profit or loss for the years ended
    tahun      yang     berakhir    pada      tanggal                        December 31, 2025 and 2024 are amounting to
    31 Desember 2025 dan 2024 adalah masing-masing                           Rp333,929 dan Rp228,849 (Note 35), respectively.
    sebesar Rp333.929 dan Rp228.849 (Catatan 35).

    Beban sewa lahan dan properti yang diakui pada                            Cost from properties and land rental recognized in
    laba rugi untuk tahun yang berakhir pada tanggal                          profit or loss for the years ended December 31, 2025
    31 Desember 2025 dan 2024 adalah masing-masing                            and 2024 are amounting to Rp52,549 and
    sebesar Rp52.549 dan Rp178.613.                                           Rp178,613, respectively.

    Pada     tanggal    31   Desember      2025   dan                         As of December 31, 2025 and 2024, investment
    2024, properti investasi tidak diasuransikan dan                          properties are not insured and there is no capitalized
    tidak ada biaya pinjaman yang dikapitalisasi.                             borrowing costs.

                                                                    84
Page 918
PT JASA MARGA (PERSERO) Tbk                                                                                                PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                      AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                    FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                                           For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                               As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                  (Expressed in millions of Rupiah, unless otherwise stated)

12. PROPERTI INVESTASI (lanjutan)                                                                     12. INVESTMENT PROPERTIES (continued)

    Berdasarkan evaluasi manajemen, tidak terdapat                                                       Based on the assessment of the management, there
    peristiwa    atau    perubahan  keadaan    yang                                                      are no events or changes in circumstances that
    mengindikasikan adanya penurunan nilai properti                                                      indicate an impairment in the value of investment
    investasi tanggal 31 Desember 2025 dan 2024.                                                         properties as of December 31, 2025 and 2024.

13. HAK PENGUSAHAAN JALAN TOL                                                                         13. TOLL ROAD CONCESSION RIGHTS
     Rincian hak pengusahaan jalan tol adalah sebagai                                                    The detail of toll road concession rights are as
     berikut:                                                                                            follows:
                                                                                               2025
                                                           Penambahan dari Efek
                                       Saldo Awal/       Kombinasi Bisnis/Addition    Penambahan/       Pengurangan/        Reklasifikasi/         Saldo Akhir/
                                    Beginning Balance     of Business Combination      Additions         Deduction         Reclassification       Ending Balance

     Hak Pengusahaan Jalan Tol                                                                                                                                       Toll Road Concession Right
       Biaya Perolehan                     128.517.716                           -         1.487.375           (221.745)           2.682.060           132.465.406            Acquisition Cost
       Aset HPJT Dalam Konstruksi           23.714.909                           -        10.697.921            (19.806)          (2.683.115)           31.709.909    Construction in Progress
     Sub total                             152.232.625                           -        12.185.296           (241.551)              (1.055)          164.175.315                    Sub total

       Akumulasi Amortisasi                 20.228.388                           -         2.984.771            (11.133)                 (27)           23.201.999    Accumulated Amortization
       Nilai Tercatat                      132.004.237                                                                                                 140.973.316          Carrying Amount
                                                                                               2024
                                                           Penambahan dari Efek
                                       Saldo Awal/       Kombinasi Bisnis/Addition    Penambahan/       Pengurangan/        Reklasifikasi/         Saldo Akhir/
                                    Beginning Balance     of Business Combination      Additions         Deduction         Reclassification       Ending Balance
     Hak Pengusahaan Jalan Tol                                                                                                                                       Toll Road Concession Right
       Biaya Perolehan                     118.105.671                    2.815.133        1.373.991           (541.960)           6.764.881           128.517.716            Acquisition Cost
       Aset HPJT Dalam Konstruksi           16.619.657                          -         13.860.133                  -           (6.764.881)           23.714.909    Construction in Progress
     Sub total                             134.725.328                   2.815.133        15.234.124           (541.960)                      -        152.232.625                    Sub total

       Akumulasi Amortisasi                 17.464.701                      175.074        2.588.613                   -                      -         20.228.388    Accumulated Amortization
       Nilai Tercatat                      117.260.627                                                                                                 132.004.237          Carrying Amount


    Jumlah beban amortisasi HPJT yang diakui pada                                                        The amount of HPJT amortization expense
    tahun 2025 dan 2024 masing-masing sebesar                                                            recognized in 2025 and 2024 amounted to
    Rp2.973.638 dan Rp2.588.613 (Catatan 37),                                                            Rp2,973,638 and Rp2,588,613, respectively (Note
    dimana beban amortasi tahun 2025 berasal dari                                                        37), where the 2025 amortization expense originated
    penambahan beban amortisasi tahun berjalan                                                           from additional of current year amortization expense
    sebesar Rp2.984.771 dan memperhitungkan                                                              of Rp2,984,771 and take into account the deduction
    pengurangan akumulasi amortisasi dampak                                                              accumulated amortization of the impact of the
    pengurangan HPJT sebesar Rp11.133.                                                                   deduction of HPJT amounting to Rp11,133.
    Aset hak pengusahaan jalan tol merupakan hak                                                         Toll road concession are rights are granted by
    konsesi dari Pemerintah Republik Indonesia berupa                                                    the Government of Indonesia in the form of toll road
    pengusahaan jalan tol yang diberikan kepada                                                          concessions to the Group.
    Kelompok Usaha.
    Selama tahun 2025 dan 2024, biaya pinjaman yang                                                      During 2025 and 2024, borrowing cost capitalized
    dikapitalisasi ke dalam hak pengusahaan jalan tol -                                                  to toll road concession rights - concession assets in
    aset    konsesi     dalam   penyelesaian   adalah                                                    progress is amounting to Rp1,146,863 and
    masing-masing Rp1.146.863 dan Rp401.326.                                                             Rp401,326, respectively.
    Beberapa hak pengusahaan jalan tol pada entitas                                                      Toll road concession rights in subsidiaries are bound
    anak terikat sebagai jaminan bank, dimana terdapat                                                   as collateral to the bank, in which there is power for
    kuasa bank untuk menarik hak pengusahaan dan                                                         the bank to withdraw the right to operate and appoint
    menunjuk pihak ketiga sebagai operator jalan tol                                                     a third party as the toll road operator to implement
    untuk melaksanakan PPJT terkait (Catatan 23).                                                        the related PPJT (Note 23).
    Berdasarkan Keputusan Menteri Pekerjaan Umum                                                         Based on of Public Works issued Ministerial Decree
    No. 3070/KPTS/M/2024 tentang Perubahan Atas                                                          No. 3070/KPTS/M/2024 concerning Amendments to
    Keputusan Menteri Pekerjaan Umum Dan                                                                 Ministerial Decree No. 822/KPTS/M/2021 on the
    Perumahan Rakyat No. 822 /KPTS/M/2021 tentang                                                        Resolution of Issues Related to the Revolving Fund
    Penyelesaian Permasalahan Layanan Dana                                                               Services of the Public Service Agency under the
    Bergulir Badan - Layanan Umum Bidang                                                                 Funding Sector of the Toll Road Regulatory that the
    Pendanaan Sekretariat Badan Pengatur Jalan Tol                                                       overpayment of added value paid by BUJT which
    Menteri Pekerjaan Umum bahwa kelebihan                                                               among others is determined as part of the
    pembayaran nilai tambah yang dibayarkan oleh                                                         investment (Note 44.b), JKC and MTN, subsidiaries,
    BUJT yang diantaranya ditetapkan sebagai bagian                                                      to derecognize excess value-added BLU amounted
    dari investasi (Catatan 44.b) sebesar Rp541.960                                                      to Rp541,960 for JKC, MTN, and JSM, Rp303,803,
    atas JKC, MTN, dan JSM masing-masing sebesar                                                         Rp192,353, and Rp45,804.
    Rp303.803, Rp192.353 dan Rp45.804.

                                                                                          85
Page 919
PT JASA MARGA (PERSERO) Tbk                                                                                              PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                  FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                                        For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                            As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                               (Expressed in millions of Rupiah, unless otherwise stated)

13. HAK PENGUSAHAAN JALAN TOL (lanjutan)                                                     13. TOLL ROAD CONCESSION RIGHTS (continued)

    Pada tahun 2025, Kelompok Usaha melakukan                                                      In 2025, the Group recorded an deduction in the
    pengurangan berupa pengurangan aset HPJT                                                       form of a reduction of construction in progress
    dalam konstruksi sebesar Rp19.806 sehubungan                                                   amounting to Rp19,806 in connection with the
    dengan pembebanan upfront fee pinjaman bank                                                    expensing of the upfront fee on the JAP’s bank loan,
    JAP yang sebelumnya dikapitalisasi. Selanjutnya,                                               which had previously been capitalized. In addition,
    Grup juga melakukan pengurangan biaya perolehan                                                the Group also recorded a reduction in the
    HPJT sebesar Rp221.745 sehubungan dengan                                                       acquisition cost of HPJT amounting to Rp221,745 in
    kelebihan pembayaran kepada kontraktor.                                                        relation to an overpayment to the contractor.


14. ASET TAKBERWUJUD LAINNYA                                                                 14. OTHER INTANGIBLE ASSETS

     Rincian aset takberwujud lainnya adalah sebagai                                              Details of other intangible assets are as follows:
     berikut:
                                                                                      2025
                                                    Penambahan dari
                                                    Kombinasi Bisnis/
                               Saldo Awal/             Addition of                Penambahan/                  Reklasifikasi/           Saldo Akhir/
                            Beginning Balance     Business Combination             Additions                  Reclassification         Ending Balance
     Biaya Perolehan                                                                                                                                              Acquisition Cost
       Perangkat Lunak                  496.512                          -                    27.836                             -               524.348                 Software
     Akumulasi Amortisasi                                                                                                                                  Accumulated Amotization
       Perangkat Lunak                  408.234                          -                    27.087                             -               435.321                 Software
     Nilai Tercatat                      88.278                                                                                                   89.027           Carrying Amount

                                                                                      2024
                                                    Penambahan dari
                                                    Kombinasi Bisnis/
                               Saldo Awal/             Addition of                Penambahan/                  Reklasifikasi/           Saldo Akhir/
                            Beginning Balance     Business Combination             Additions                  Reclassification         Ending Balance
     Biaya Perolehan                                                                                                                                              Acquisition Cost
       Perangkat Lunak                  485.324                    2.103                      14.044                       (4.959)               496.512                Software
     Akumulasi Amortisasi                                                                                                                                  Accumulated Amotization
       Perangkat Lunak                  375.750                    1.858                      30.626                             -               408.234                Software
     Nilai Tercatat                     109.574                                                                                                   88.278          Carrying Amount



     Beban amortisasi aset takberwujud lainnya adalah                                                         Amortization expense for other intangible
     sebagai berikut:                                                                                         assets are as follows:

                                                                     2025                              2024
     Beban tol dan usaha lainnya (Catatan 37)                                     871                            871               Toll and other operating expenses (Note 37)
     Beban umum dan administrasi (Catatan 38)                                  26.216                         29.755             General and administrative expenses (Note 38)
     Total                                                                     27.087                         30.626                                                     Total



15. GOODWILL                                                                                 15. GOODWILL

     Saldo goodwill merupakan selisih antara nilai wajar                                          The balance of goodwill consists of the difference
     aset neto Perusahaan yang diakuisisi dari pihak                                              between fair value of net assets of the following
     ketiga dengan nilai akuisisi secara keseluruhan,                                             Companies acquired from third parties and the total
     dengan detail sebagai berikut:                                                               acquisition price:

                                                                   2025                          2024
     Nilai Tercatat                                                                                                                                        Carrying Amount
       Akuisisi PT Jasamarga Surabaya Mojokerto                              36.880                     36.880            Acquisition of PT Jasamarga Surabaya Mojokerto
       Akuisisi PT Jasamarga Tollroad Maintenance                             2.848                      2.848           Acquisition of PT Jasamarga Tollroad Maintenance
       Akuisisi PT Jasamarga Kunciran Cengkareng                              2.121                      2.121           Acquisition of PT Jasamarga Kunciran Cengkareng
     Total                                                                   41.849                     41.849                                                        Total


     Manajemen Kelompok Usaha berkeyakinan bahwa                                                  The Group’s Management believes that there is no
     tidak terdapat penurunan nilai goodwill pada tanggal                                         impairment in goodwill as of December 31, 2025 and
     31 Desember 2025 dan 2024.                                                                   2024.




                                                                                  86
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PT JASA MARGA (PERSERO) Tbk                                                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                              FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                                        For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                            As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                               (Expressed in millions of Rupiah, unless otherwise stated)

16. ASET KEUANGAN LAINNYA                                                                     16. OTHER FINANCIAL ASSETS

     Kelompok Usaha memiliki investasi pada instrumen                                                  The Group has investment in equity instruments
     ekuitas yang dikategorikan sebagai aset keuangan                                                  categorized as financial assets at Fair Value
     yang diukur dengan nilai wajar melalui penghasilan                                                Through Other Comprehensive Income (FVTOCI)
     komprehensif lain dengan rincian sebagai berikut:                                                 with details as follows:
                                                                                                                              2025
                                                                                                           Perubahan Selama Setahun / Changes in a Year
                                                                                                                                      Kenaikan (Penurunan) Nilai
                                                                                      Saldo Awal/           Reklasifikasi/            Wajar/ Increase (Decrease)      Saldo Akhir/
             Perusahaan/The Company                 Status/ Status          %
                                                                                   Beginning Balance       Reclassification                  in Fair Value           Ending Balance
     PT Marga Mandala Sakti (MMS)                  Operasi/ Operate         1,94              66.482                              -                        8.727              75.209
     PT Citra Margatama Surabaya (CMS)             Operasi/ Operate         3,17              23.504                              -                        6.443              29.947
                                                  Pengakhiran PKP/
     PT Marga Nurindo Bhakti (MNB)                                          4,75                   -                              -                             -                     -
                                               Termination of Concession
     PT Citra Mataram Satriamarga Persada          Pengakhiran PKP/
                                                                           15,00                   -                              -                             -
     (CMSP)                                    Termination of Concession                                                                                                              -
                                                    Belum Operasi/
     PT Margaraya Jawa Tol (MJT)                                            2,47                   -                              -                             -                     -
                                                   Not Yet Operated
     PT Makassar Metro Network (MMN) d/h
                                                   Operasi/ Operate         0,38               3.620                              -                         (334)              3.286
        PT Bosowa Marga Nusantara (BMN)
     PT Jatim Prasarana Utama (JPU)                Operasi/ Operate         7,41               1.042                              -                         (104)                938
                                                   Pengakhiran PKP/
     PT Marga Mawatindo Esprit (MME)                                        8,33                   -                              -                             -                     -
                                               Termination of Concession
                                                   Pengakhiran PKP/
     PT Marga Net One Limited (MNOL)                                       10,00                   -                              -                             -                     -
                                               Termination of Concession
     PT Pilar Sinergi BUMN Indonesia (PSBI)        Operasi/ Operate         7,08                   -                              -                            -                   -
     PT Kresna Kusuma Dyandra Marga (KKDM)         Operasi/ Operate         0,14               1.280                              -                          841               2.121
                                                      Konstruksi/
     PT Hutama Marga Waskita (HAMAWAS)                                      0,41              15.235                              -                        (1.973)            13.262
                                                     Construction
     Penyertaan tidak langsung melalui JMTO/
     Indirect investment through JMTO
     PT Fintek Karya Nusantara (FINARYA)           Operasi/ Operate         8,97             143.666                              -                       (27.134)           116.532
     Penyertaan tidak langsung melalui JMRB/
     Indirect investment through JMRB
     PT Sinergi Colomadu (SC)                      Operasi/ Operate         0,63                  91                              -                            -                  91
     PT PP Sinergi Banjaratma (PPSB)               Operasi/ Operate         6,21               4.926                              -                         (805)              4.121
     Penyertaan tidak langsung melalui JMTM/
     Indirect investment through JMTM
     PT Waskita Beton Precast (WSBP) Tbk           Operasi/ Operate         0,09                   -                          2.385                        (1.305)             1.080
     Total                                                                                   259.846                          2.385                       (15.644)           246.587


                                                                                                                              2024
                                                                                                           Perubahan Selama Setahun / Changes in a Year
                                                                                                                                   Kenaikan (Penurunan) Nilai
                                                                                      Saldo Awal/            Reklasifikasi/        Wajar/ Increase (Decrease)         Saldo Akhir/
             Perusahaan/The Company                 Status/ Status          %
                                                                                   Beginning Balance        Reclassification              in Fair Value              Ending Balance
     PT Marga Mandala Sakti (MMS)                  Operasi/ Operate         1,94              93.498                              -                       (27.016)            66.482
     PT Citra Margatama Surabaya (CMS)             Operasi/ Operate         3,17              25.585                              -                        (2.081)            23.504
                                                  Pengakhiran PKP/
     PT Marga Nurindo Bhakti (MNB)                                          4,75                   -                                                            -                     -
                                               Termination of Concession                                                          -
     PT Citra Mataram Satriamarga Persada          Pengakhiran PKP/
                                                                           15,00                   -                              -                             -                     -
     (CMSP)                                    Termination of Concession
                                                    Belum Operasi/
     PT Margaraya Jawa Tol (MJT)                                            2,47                   -                              -                             -                     -
                                                   Not Yet Operated
     PT Makassar Metro Network (MMN) d/h
                                                   Operasi/ Operate         0,38               5.347                              -                        (1.727)             3.620
        PT Bosowa Marga Nusantara (BMN)
     PT Jatim Prasarana Utama (JPU)                Operasi/ Operate         7,41               1.083                              -                           (41)             1.042
                                                   Pengakhiran PKP/
     PT Marga Mawatindo Esprit (MME)                                        8,33                   -                              -                             -                     -
                                               Termination of Concession
                                                   Pengakhiran PKP/
     PT Marga Net One Limited (MNOL)                                       10,00                   -                              -                             -                     -
                                               Termination of Concession

     PT Pilar Sinergi BUMN Indonesia (PSBI)        Operasi/ Operate         7,08                   -                          2.457                        (2.457)                    -

     PT Kresna Kusuma Dyandra Marga (KKDM)         Operasi/ Operate         0,14                   -                              -                        1.280               1.280
                                                     Konstruksi/
     PT Hutama Marga Waskita (HAMAWAS)                                      0,41              22.802                              -                        (7.567)            15.235
                                                    Construction
     Penyertaan tidak langsung melalui JMTO/
     Indirect investment through JMTO
     PT Fintek Karya Nusantara (FINARYA)           Operasi/ Operate         8,97              97.031                              -                       46.635             143.666
     Penyertaan tidak langsung melalui JMRB/
     Indirect investment through JMRB
     PT Sinergi Colomadu (SC)                      Operasi/ Operate         0,63               1.331                           -                           (1.240)                91
     PT PP Sinergi Banjaratma (PPSB)               Operasi/ Operate         6,21                   -                       9.276                           (4.350)             4.926
     Total                                                                                   246.677                      11.733                            1.436            259.846




                                                                                      87
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PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                          As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

16. ASET KEUANGAN LAINNYA (lanjutan)                             16. OTHER FINANCIAL ASSETS (continued)
     a.   PT Fintek Karya Nusantara (FINARYA)                       a.   PT Fintek Karya Nusantara (FINARYA)
          FINARYA didirikan berdasarkan Akta No. 13                      FINARYA was established based on Deed
          tanggal 21 Januari 2019 dari Notaris Bonardo                   No. 13 dated January 21, 2019, from Notary
          Nasution, S.H., dalam rangka penyelenggaraan                   Bonardo Nasution, S.H., for the purpose
          jasa sistem pembayaran. Akta pendirian                         of providing payment system services.
          disahkan oleh Menteri Hukum dan Hak Asasi                      The deed of establishment was ratified by
          Manusia Republik Indonesia dalam Surat                         the Minister of Law and Human Rights of
          Keputusan No. AHU 0003446.AH.01.01 Tahun                       the Republic of Indonesia in Decree
          2019 tanggal 21 Januari 2019.                                  No. AHU 0003446.AH.01.01 Year 2019 dated
                                                                         January 21, 2019.
          Berdasarkan Akta Notaris No. 53 tanggal                        Based on Notarial Deed No. 53 dated
          8 November 2022 dari Jimmy Tanal, S.H., M.Kn                   November 8, 2022 of Jimmy Tanal, S.H., M.Kn
          kepemilikan Perusahaan terdilusi dari sebesar                  the Company's ownership was diluted from
          9,03% menjadi sebesar 8,97%.                                   9.03% to become 8.97%.
          Nilai wajar investasi saham di FINARYA                         The fair value of equity investments in
          ditentukan dengan menggunakan metode                           FINARYA is determined using the discounted
          diskonto arus kas dan perbandingan nilai pasar.                cash flow method and market value
          Nilai wajar investasi saham didasarkan pada                    comparisons. The fair value of the equity
          penilaian yang dilakukan oleh KJPP Ihot Dollar                 investments is based on an assessment
          & Raymond, penilai independen yang terdaftar                   conducted by KJPP Ihot Dollar & Raymond, an
          pada OJK, dalam laporannya tanggal                             independent appraiser registered with the
          20 Februari 2026 dan 17 Februari 2025 untuk                    OJK, in their reports dated February 20, 2026,
          tahun yang berakhir 31 Desember 2025 dan                       and February 17, 2025, for the year ended
          2024.                                                          December 31, 2025, and 2024.

     b.   PT Marga Mandala Sakti (MMS)                              b.   PT Marga Mandala Sakti (MMS)
          MMS didirikan berdasarkan Akta Notaris No. 14                  MMS was established based on the Notarial
          tanggal 4 Oktober 1989 dari Kartini Muljadi,                   Deed No. 14 dated October 4, 1989 from Kartini
          S.H., penyertaan pada MMS dilakukan                            Muljadi, S.H., The investment in MMS relates to
          sehubungan dengan penyelenggaraan proyek                       the construction and operation of the
          jalan tol Tangerang - Merak. Perusahaan                        Tangerang - Merak toll road. The Company
          memiliki 28.000.000 lembar saham dengan nilai                  originally owned 28,000,000 shares at par
          nominal Rp100 (Rupiah penuh) per lembar                        value of Rp100 (full Rupiah) per share or
          saham atau setara dengan Rp2.800 yang                          equivalent to Rp2,800 which represent 8.68%
          merupakan 8,68% kepemilikan.                                   ownership interest.

          Berdasarkan Berita Acara Rapat Umum                            Based on the Minutes of the Extraordinary
          Pemegang Saham Luar Biasa dengan Akta                          General Meeting of Shareholders as included in
          Notaris No. 5 tanggal 9 Desember 2004 dari                     the    Notarial   Deed       No.     5    dated
          Hendra Karyadi, S.H., para pemegang saham                      December 9, 2004 from Hendra Karyadi, S.H.,
          menyetujui penerbitan 921.310.773 lembar                       the shareholders agreed with the issuance of
          saham baru kepada pemegang obligasi                            921,310,773 new shares to convertible
          konversi. Para pemegang saham lama                             bondholders. The predecessor shareholders
          menyatakan telah melepaskan hak masing-                        had already waived their rights to subscribe for
          masing untuk membeli saham baru yang                           new shares issued to the convertible
          diterbitkan   kepada   pemegang    obligasi                    bondholders.
          konversi tersebut.
          Perubahan pemegang saham tersebut sesuai                       This change of shareholders, according to the
          dengan Akta Notaris No. 11 tanggal 1 Agustus                   Deed No. 11 dated August 1, 2005 of
          2005 dari Notaris Benny Kristianto, S.H.,                      Notarial Deed Benny Kristianto, S.H., regarding
          mengenai perubahan pemegang saham MMS                          to change of MMS shareholders, has been
          dan telah diterima oleh Departemen                             received by the Directorate General of General
          Hukum      dan    Hak      Asasi      Manusia                  Law      Administration,    Department       of
          Direktorat  Administrasi    Hukum      Umum                    Law and Human Rights under receipt
          No. C-UM.02.01.14078 tanggal 23 September                      No.C-UM.02.01.14078 dated September 23,
          2005, sehingga kepemilikan pada MMS                            2005, as a consequence, the Company's
          menjadi 1,94% dari total kepemilikan.                          ownership in MMS become 1.94% from total
                                                                         ownership.

                                                            88
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PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                           As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

16. ASET KEUANGAN LAINNYA (lanjutan)                              16. OTHER FINANCIAL ASSETS (continued)

     b.   PT Marga Mandala Sakti (MMS) (lanjutan)                    b.   PT Marga Mandala Sakti (MMS) (continued)

          Nilai wajar investasi saham di MMS ditentukan                   The fair value of share investments in MMS is
          dengan     menggunakan      metode      diskonto                determined using the method of discounting
          arus kas dan perbandingan nilai pasar. Per                      cash flow and comparing market values. As of
          31 Desember 2025 dan 2024, nilai wajar investasi                December 31, 2025 and 2024, the fair value of
          saham didasarkan pada penilaian yang dilakukan                  stock investment is based on the assessment
          oleh KJPP Budi, Edy, Saptono dan Rekan, penilai                 made by KJPP Budi, Edy, Saptono and Rekan,
          independen yang terdaftar pada OJK, dalam                       independent appraisers registered with the
          laporannya tanggal 23 Februari 2026 dan                         OJK, in its reports dated February 23, 2026 and
          19 Februari 2025.                                               February 19, 2025.

     c.   PT Citra Margatama Surabaya (CMS)                          c.   PT Citra Margatama Surabaya (CMS)

          CMS didirikan berdasarkan Akta Notaris No. 99                   CMS was established based on the Notarial
          tanggal 26 Desember 1996 dari Notaris Siti                      Deed No. 99 dated December 26, 1996 of
          Pertiwi Henny Singgih, S.H., Penyertaan pada                    Notary Siti Pertiwi Henny Singgih, S.H., The
          CMS      dilakukan    sehubungan      dengan                    investment in CMS was made in relation to the
          penyelenggaraan proyek Jalan Tol Waru-                          constructions and operations of the Waru -
          Juanda. Perusahaan memiliki 8.550.000 lembar                    Juanda toll road project. The Company owns
          saham dengan nilai nominal Rp1.000 (Rupiah                      8,550,000 shares at par value of Rp1,000 (full
          penuh) per lembar saham atau sebesar Rp8.550                    Rupiah) per share or equivalent to Rp8,550
          yang merupakan 15,00% dari total kepemilikan.                   which represent 15.00% of total ownership.

          Berdasarkan Akta Pernyataan Keputusan di                        Based on the Deed of Decision Statement
          Luar Rapat PT Citra Margatama Surabaya                          Outside the Meeting of PT Citra Margatama
          No. 25 tanggal 25 Januari 2018, para                            Surabaya No. 25 dated January 25, 2018, the
          pemegang saham antara lain menyetujui                           shareholders agreed, among other things, to
          peningkatan modal ditempatkan dan disetor                       increase the issued and fully paid up capital to
          penuh menjadi 630.000.000 lembar saham,                         630,000,000 shares, but the Company did not
          namun Perusahaan tidak mengambil bagian                         take part of the portion of shares offered for
          porsi saham yang ditawarkan atas peningkatan                    capital increase, therefore the Company's share
          modal tersebut sehingga kepemilikan saham                       ownership in CMS decreased to become 3.17%
          Perusahaan di CMS mengalami penurunan                           of total ownership.
          menjadi sebesar 3,17% dari total kepemilikan.

          Nilai wajar investasi saham di CMS ditentukan                   The fair value of share investments in CMS is
          dengan menggunakan metode diskonto arus                         determined using the method of discounting
          kas     dan     perbandingan    nilai  pasar.                   cash flow and comparing market values. As of
          Per 31 Desember 2025 dan 2024, nilai wajar                      December 31, 2025 and 2024, the fair value of
          investasi saham didasarkan pada penilaian                       stock investment is based on the assessment
          yang dilakukan oleh KJPP Budi, Edy, Saptono                     made by KJPP Budi, Edy, Saptono and Rekan,
          dan Rekan, penilai independen yang terdaftar                    independent appraisers registered with the
          pada OJK, dalam laporannya tanggal                              OJK, in its reports dated February 23, 2026
          23 Februari 2026 dan 19 Februari 2025.                          and February 19, 2025.

     d.   PT Sinergi Colomadu                                        d. PT Sinergi Colomadu

          PT Sinergi Colomadu didirikan berdasarkan                       PT Sinergi Colomadu was established based on
          Akta Notaris No. 8 tanggal 8 April 2017 dari                    Notarial Deed No. 8 dated April 8, 2017 from
          Ilmiawan Dekrit S, S.H., M.H., di Jakarta. Akta                 Ilmiawan Dekrit S, S.H., M.H., in Jakarta. The deed of
          pendirian disahkan oleh Menteri Hukum dan                       establishment was approved by the Minister of Law
          Hak Asasi Manusia Republik Indonesia dalam                      and Human Rights of the Republic of Indonesia in
          Surat Keputusan No. AHU 0020383.AH.01.01                        Decree No. AHU 0020383.AH.01.01 Year 2017 on
          Tahun 2017 tanggal 3 Mei 2017.                                  May 3, 2017.

          JMRB memiliki 68.800.000 lembar saham                           JMRB has 68,800,000 shares with a nominal value
          dengan nominal Rp100 per lembar saham atau                      of Rp100 per share or equivalent to Rp6,880 with a
          setara dengan Rp6.880 dengan total                              total stock of Rp86,000 or equivalent to 8.00% of
          keseluruhan saham sebesar Rp86.000 atau                         share ownership.
          setara dengan 8,00% kepemilikan saham.


                                                             89
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PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

16. ASET KEUANGAN LAINNYA (lanjutan)                            16. OTHER FINANCIAL ASSETS (continued)

     d.   PT Sinergi Colomadu (lanjutan)                           d. PT Sinergi Colomadu (continued)

          Berdasarkan Akta Notaris No. 22 tanggal                       Based on Notarial Deed No. 22 dated
          27 Desember 2023 dari Eret Hartanto, S.H.,                    Desember 27, 2023 of Eret Hartanto, S.H., the
          kepemilikan Perusahaan terdilusi dari sebesar                 Company's ownership was diluted from 8.00%
          8,00% menjadi sebesar 0,63%.                                  to become 0.63%.

          Nilai wajar investasi saham di PT Sinergi                     The fair value of the equity investment in PT
          Colomadu ditentukan dengan menggunakan                        Sinergi Colomadu is determined using the
          metode diskonto arus kas. Per 31 Desember                     discounted cash flow method. As of December
          2025 dan 2024, nilai wajar investasi saham                    31, 2025 and 2024, the fair value of the equity
          didasarkan pada penilaian yang dilakukan oleh                 investment is based on an appraisal conducted
          KJPP Suwendho Rinaldy dan Rekan, penilai                      by KJPP Suwendho Rinaldy and Partners, an
          independen yang terdaftar pada OJK, dalam                     independent appraiser registered with the OJK,
          laporannya tanggal 9 Februari 2026 dan                        in their reports dated February 9, 2026 and
          14 Februari 2025.                                             February 14, 2025.

     e.   PT Kresna Kusuma Dyandra Marga (KKDM)                    e. PT Kresna Kusuma Dyandra Marga (KKDM)

          KKDM didirikan berdasarkan Akta Notaris No. 94                KKDM was established based on the Notarial
          tanggal 20 Desember 1996 dari Mudofir Hadi,                   Deed No. 94 dated December 20, 1996 of
          S.H., Penyertaan pada KKDM dilakukan                          Mudofir Hadi, S.H., The investment in KKDM
          sehubungan dengan penyelenggaraan proyek                      relates to the operation of the Bekasi Timur -
          jalan tol Bekasi Timur - Cawang - Kampung                     Cawang - Kampung Melayu toll road project,
          Melayu    yang     meliputi   pembangunan,                    which comprise construction, operation and
          pengoperasian dan pemeliharaan jalan tol.                     maintenance of the toll road. The Company
          Perusahaan memiliki 7.650.000 lembar saham                    owns 7,650,000 shares with a par value of
          dengan nilai nominal Rp1.000 (Rupiah penuh)                   Rp1,000 (full Rupiah) per share or equivalent to
          per lembar saham atau setara dengan Rp7.650                   Rp7,650 which represent 10.00% ownership of
          yang merupakan 10,00% kepemilikan di KKDM.                    KKDM.

          Berdasarkan Akta Notaris No. 14 tanggal                       Based on Notarial Deed No. 14 dated
          14 November 2024 dari Nanette Cahyanie                        November 14, 2024 of Nanette Cahyanie
          Handari Adi Warsito, S.H., kepemilikan                        Handari Adi Warsito, S.H., the Company's
          Perusahaan terdilusi dari sebesar 0,30%                       ownership was diluted from 0.30% to become
          menjadi sebesar 0,14%.                                        0.14%.

          Nilai wajar investasi saham di KKDM ditentukan                The fair value of share investments in KKDM is
          dengan menggunakan metode diskonto arus                       determined using the method of discounting
          kas     dan     perbandingan     nilai  pasar.                cash flow and comparing market values. As of
          Per 31 Desember 2025 dan 2024, nilai wajar                    December 31, 2025 and 2024, the fair value of
          investasi saham didasarkan pada penilaian                     stock investment is based on the assessment
          yang dilakukan oleh KJPP Budi, Edy, Saptono                   made by KJPP Budi, Edy, Saptono and Rekan,
          dan Rekan, penilai independen yang terdaftar                  independent appraisers registered with the
          pada OJK, dalam laporannya tanggal                            OJK, in its reports dated February 23, 2026
          23 Februari 2026 dan 19 Februari 2025.                        and February 19, 2025.

     f.   PT Makassar Metro Network (MMN)                          f.   PT Makassar Metro Network (MMN)

          MMN didirikan berdasarkan Akta Notaris No. 20                 MMN was established based on the Notarial
          tanggal 12 April 1993 dari Mestariany Habie,                  Deed No. 20 dated April 12, 1993 of Mestariany
          S.H. Penyertaan pada MMN dilakukan                            Habie, S.H. The investment in MMN was made
          sehubungan dengan penyelenggaraan proyek                      in relation to the construction and operation of
          jalan tol Ujung Pandang, yaitu Jalan Satando -                the Ujung Pandang toll roads that is Jalan
          Simpang Urip Sumoharjo/Petta Rani (tahap l) -                 Satando - Urip Sumoharjo/Petta Rani
          Jalan Sultan Alauddin (tahap ll). Berdasarkan                 Interchange (phase l) - Jalan Sultan Alauddin
          Akta No. 25 tanggal 5 September 1998,                         (phase ll). Based on the Deed No. 25 dated
          Perusahaan memiliki 3.332 lembar saham                        September 5, 1998, the Company owned 3,332
          dengan nilai nominal Rp1.000.000 (Rupiah                      shares at par value of Rp1,000,000 (full Rupiah)
          penuh) per lembar saham atau setara dengan                    per share or equivalent to Rp3,332 which
          Rp3.332 yang merupakan 10,00% dari total                      represent 10.00% of total ownership.
          kepemilikan.

                                                           90
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PT JASA MARGA (PERSERO) Tbk                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                         For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                             As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

16. ASET KEUANGAN LAINNYA (lanjutan)                                16. OTHER FINANCIAL ASSETS (continued)
     f.   PT Makassar          Metro      Network      (MMN)           f.   PT Makassar          Metro      Network      (MMN)
          (lanjutan)                                                        (continued)
          Keputusan       Menteri     Pekerjaan     Umum                    The Decree of the Minister of Public Work
          No. 276/KPTS/1994 tanggal 26 Agustus 1994                         No. 276/KPTS/1994 dated August 26, 1994 and
          dan    Akta      Notaris   No. 322       tanggal                  the     Notarial    Deed     No.    322       dated
          29 Agustus 1994, Mestariany Habie, S.H.,                          August 29, 1994, Mestariany Habie, S.H., stated
          menyatakan bahwa MMN mengoperasikan                               that MMN would operate phase I of the toll road
          jalan tol selama 30 (tiga puluh) tahun untuk                      for 30 (thirty) years and phase II will be decided
          tahap I dan tahap II akan ditentukan kemudian                     later but not for a period longer than 30 (thirty)
          namun tidak lebih dari 30 (tiga puluh) tahun                      years for the operation of either part or all of the
          sejak dioperasikannya jalan tol baik sebagian                     toll road. Phase I and Phase II of the Ujung
          atau seluruhnya. Ruas jalan tol Ujung Pandang                     Pandang toll road have been operating since
          tahap I dan II telah dioperasikan sejak 1998.                     1998.
          Anggaran Dasar MMN beberapa kali berubah                          MMN's Articles of Association have been
          sampai dengan yang tercantum dalam Akta                           changed several times up to those stated in the
          Notaris No. 13 tanggal 14 Juni 2022 yang dibuat                   Notary Deed No. 13 dated June 14, 2022 which
          dihadapan Citra Buana Tungga, S.H., M.Kn.,                        was made in front of Citra Buana Tungga, S.H.,
          terdapat     peningkatan       modal     dasar,                   M.Kn., there was an increase in the Company's
          ditempatkan, dan disetor perusahaan. Akibat                       authorized, issued and paid-up capital. As a
          perubahan tersebut, kepemilikan saham                             result of this change, the Company's share
          Perusahaan terdilusi menjadi 0,38%.                               ownership was diluted to 0.38%.
          Nilai wajar investasi saham di MMN ditentukan                     The fair value of share investments in MMN is
          dengan menggunakan metode diskonto arus                           determined using the method of discounting
          kas dan perbandingan nilai pasar. Per                             cash flow and comparing market values. As of
          31 Desember 2025 dan 2024, nilai wajar                            December 31, 2025 and 2024, the fair value of
          investasi saham didasarkan pada penilaian                         stock investment is based on the assessment
          yang dilakukan oleh KJPP Budi, Edy, Saptono                       made by KJPP Budi, Edy, Saptono and Rekan,
          dan Rekan, penilai independen yang terdaftar                      independent appraisers registered with the
          pada OJK, dalam laporannya tanggal                                OJK, in its reports dated February 23, 2026 and
          23 Februari 2026 dan 19 Februari 2025.                            February 19, 2025.
     g.   PT Jatim Prasarana Utama (JPU)                               g. PT Jatim Prasarana Utama (JPU)
          JPU didirikan berdasarkan Akta Notaris No. 25                     JPU was established based on the Notarial
          tanggal 27 Desember 2002 dari Rosida, S.H.,                       Deed No. 25 dated December 27, 2002 of
          Perusahaan memiliki 12.858 lembar saham                           Rosida, S.H., the Company owns 12,858 shares
          dengan nilai nominal Rp1.000.000 (Rupiah                          at a par value of Rp1,000,000 (full Rupiah) per
          penuh) per lembar saham atau setara dengan                        share or equivalent to Rp12,858 which
          Rp12.858 merupakan 30,00% kepemilikan.                            represent 30.00% ownership interest.
          JPU merupakan perusahaan ventura bersama                          JPU is a joint venture between the company and
          antara Perusahaan dan Pemerintah Daerah                           the East Java regional government. JPU was
          Jawa Timur. JPU didirikan dengan maksud                           set up to continue the Surabaya - Mojokerto toll
          untuk meneruskan kelanjutan proyek jalan tol                      road project that was put on hold after the
          Surabaya - Mojokerto yang telah terhenti                          Minister of Settlement, Infrastructure, and
          setelah Menteri Permukiman, Prasarana dan                         Underdeveloped        Regions    revoked    the
          Wilayah Tertinggal mencabut izin konsesi yang                     concession granted to PT Jasamarga Surabaya
          diberikan kepada PT Jasamarga Surabaya                            Mojokerto        (JSM)       through      letter
          Mojokerto (JSM) melalui surat Menkimpraswil                       No. 418/KPTS/M/2001 dated July 18, 2001.
          No. 418/KPTS/M/2001 tanggal 18 Juli 2001.
          Setelah Mahkamah Agung menolak pengajuan                          After the Supreme Court refused the application
          Peninjauan Kembali dari Menkimpraswil pada                        for Judicial Review of Minister of Settlement
          tanggal 31 Desember 2005, maka hak                                and       Regional    Infrastructure,     dated
          penyelenggaraan jalan tol dikembalikan kepada                     December 31, 2005, the concession rights have
          JSM. Sebagai akibatnya, JPU tidak lagi terlibat                   been returned to JSM. As a result, JPU is no
          dalam proyek jalan tol tersebut. Pada tanggal                     longer involved in such toll road project.
          8 Mei 2007, JPU ikut serta dalam penyertaan                       On May 8, 2007, JPU participated in investment
          saham JGP untuk proyek jalan tol Gempol                           in shares of JGP to develop toll road project of
          Pasuruan dengan kepemilikan setara dengan                         Gempol Pasuruan, with the equivalent of 1.40%
          1,40% dari total kepemilikan.                                     of total ownership.

                                                               91
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PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

16. ASET KEUANGAN LAINNYA (lanjutan)                            16. OTHER FINANCIAL ASSETS (continued)

     g. PT Jatim Prasarana Utama (JPU) (lanjutan)                  g. PT Jatim Prasarana Utama (JPU) (continued)

          Berdasarkan Berita Acara RUPS JPU tanggal                     Based on the Minutes of JPU General Meeting
          6 Mei 2013, pemegang saham JPU                                of Shareholders dated May 6, 2013, JPU’s
          memutuskan penurunan modal dasar menjadi                      shareholders decreased its authorized capital
          Rp150.000 sebelumnya Rp171.400 dan modal                      to Rp150,000 previously Rp171,400 and paid in
          disetor menjadi Rp40.502 yang terdiri dari                    capital to Rp40,502 with ownership consisting
          kepemilikan Pemerintah Provinsi Jawa Timur                    of East Java Provincial Government amounting
          sebesar Rp37.502 atau setara dengan 92,59%,                   to Rp37,502 or equivalent to 92.59%
          dan Perusahaan sebesar Rp3.000 atau setara                    ownership, and Company amounting Rp3,000
          dengan 7,41% dari total kepemilikan.                          or equivalent to 7.41% of total ownership.

          Penurunan tersebut akibat dari penghapusan                    The decrease was a result of the write off of the
          piutang modal disetor ke Perusahaan sebesar                   paid in capital receivables from the Company
          Rp9.858. Perusahaan mereklasifikasi nilai                     amounting to Rp9,858. The Company
          saldo penyertaan sebesar Rp3.000 ke akun                      reclassified the balance of investment
          Aset    Keuangan    Lainnya sejak     bulan                   amounting to Rp3,000 to Other Financial
          Agustus 2014.                                                 Assets account since August 2014.

          Nilai wajar investasi saham di JPU ditentukan                 The fair value of share investments in JPU is
          dengan menggunakan metode diskonto arus                       determined using the method of discounting
          kas dan perbandingan nilai pasar. Per                         cash flow and comparing market values. As of
          31 Desember 2025 dan 2024, nilai wajar                        December 31, 2025 and 2024, the fair value of
          investasi saham didasarkan pada penilaian                     stock investment is based on the assessment
          yang dilakukan oleh KJPP Budi, Edy, Saptono                   made by KJPP Budi, Edy, Saptono and Rekan,
          dan Rekan, penilai independen yang terdaftar                  independent appraisers registered with the
          pada OJK, dalam laporannya tanggal                            OJK, in its reports dated February 23, 2026 and
          23 Februari 2026 dan 19 Februari 2025.                        February 19, 2025.

     h.   PT Pilar Sinergi BUMN Indonesia (PSBI)                   h.   PT Pilar Sinergi BUMN Indonesia (PSBI)

          PSBI didirikan berdasarkan Akta Notaris No. 21                PSBI was established based on Notarial Deed
          tanggal 2 Oktober 2015 dari Mala Mukti, S.H.,                 No. 21 dated October 2, 2015 of Mala Mukti,
          LL.M., dalam rangka pengoperasian kereta                      S.H., LL.M., for Jakarta - Bandung high speed
          cepat Jakarta - Bandung. Akta Pendirian                       train operation. The Deed of Establishment
          disahkan oleh Menteri Hukum dan Hak Asasi                     were legalized by Minister of Law and Human
          Manusia Republik Indonesia dalam Surat                        Rights of the Republic of Indonesia on its
          Keputusan No. AHU-2460435.AH.01.01 Tahun                      Decision Letter No. AHU-2460435.AH.01.01
          2015 tanggal 12 Oktober 2015.                                 Year 2015 dated October 12, 2015.

          Penyertaan Perusahaan di PSBI merupakan                       The Company's investment in PSBI is a form of
          bentuk penugasan Pemerintah sebagaimana                       government assignment as stated in the
          tertuang dalam Peraturan Presiden Republik                    Presidential Regulation of the Republic of
          Indonesia No. 107 Tahun 2015 tentang                          Indonesia No. 107 of 2015 concerning the
          Percepatan Penyelenggaraan Prasarana dan                      Acceleration of The Implementation of
          Sarana Kereta Cepat Antara Jakarta dan                        Infrastructure and Facilities for High Speed Rail
          Bandung.                                                      between Jakarta and Bandung.
          Sesuai dengan Akta Notaris atas Pernyataan                    In accordance with the Notarial Deed on the
          Keputusan Para Pemegang Saham No. 45                          Statement of Shareholders No. 45 dated
          tanggal 10 Desember 2024 yang dibuat oleh                     December 10, 2024 made by Mala Mukti,
          Mala Mukti, S.H., LL.M., Notaris di Jakarta,                  S.H.,LL.M., Notary in Jakarta, regarding
          mengenai peningkatan modal dasar dan                          increase the authorized capital and the
          penerbitan   saham     baru,    kepemilikan                   issuance of new shares, the Company's
          Perusahaan terdilusi dari sebesar 8,30%                       ownership was diluted from 8.30% to become
          menjadi sebesar 7,08%.                                        7.08%.




                                                           92
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PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                          As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

16. ASET KEUANGAN LAINNYA (lanjutan)                             16. OTHER FINANCIAL ASSETS (continued)

     h.   PT Pilar Sinergi BUMN Indonesia (PSBI)                    h.   PT Pilar Sinergi BUMN Indonesia (PSBI)
          (lanjutan)                                                     (continued)

          Nilai wajar investasi saham di PPSB ditentukan                 The fair value of stock investments in PPSB is
          dengan menggunakan metode arus kas                             determined using the discounted cash flow
          terdiskonto dan perbandingan nilai pasar. Nilai                method and market value comparison. The fair
          wajar investasi saham didasarkan pada                          value of stock investments is based on the
          penilaian yang dilakukan oleh KJPP Tobing                      appraisal conducted by KJPP Tobing Panaturi
          Panaturi dan Rekan, penilai independen yang                    and Partners, an independent appraiser
          terdaftar pada OJK, dalam laporannya                           registered with the OJK, in their report dated
          tertanggal 3 Desember 2025.                                    December 3, 2025.

     i.   PT Marga Nurindo Bhakti (MNB)                             i.   PT Marga Nurindo Bhakti (MNB)

          MNB didirikan berdasarkan Akta Notaris No. 9                   MNB was established based on The Notarial
          tanggal 2 Desember 1991 dari B.R.A.Y.                          Deed No. 9 dated December 2, 1991 of
          Mahyastoeti Notonogoro, S.H., juncto Akta                      B.R.A.Y. Mahyastoeti Notonogoro, S.H., in
          Notaris No. 19 tanggal 4 Maret 1998 dari Agus                  conjunction with the Notarial Deed No. 19 dated
          Madjid, S.H. Penyertaan pada MNB dilakukan                     March 4, 1998 of Agus Madjid, S.H. The
          dengan penyelenggaraan proyek Jalan Tol                        investment in MNB relates to the construction
          JORR Seksi S dan E1 (Pondok Pinang -                           and operation of the JORR toll road Section S
          Jagorawi - Cikunir). Perusahaan memiliki 1.350                 and E1 (Pondok Pinang - Jagorawi - Cikunir).
          lembar saham dengan nilai nominal Rp10.000                     The Company owned 1,350 shares at par value
          (Rupiah penuh) per lembar saham atau setara                    of Rp10,000 (full Rupiah) per share or
          dengan Rp13.500 yang merupakan 10,00%                          equivalent to Rp13,500 which represent
          dari total kepemilikan.                                        10.00% of total ownership.

          Anggaran Dasar MNB beberapa kali diubah,                       The Articles of Association of MNB have been
          dengan perubahan terakhir berdasarkan Akta                     amended several times, with the most recent
          Notaris No. 23 tanggal 25 Desember 2010 dari                   amendment based on Notarial Deed No. 23 dated
          Ny. Etty Roeswitha Moelia, S.H. Akta                           December 25, 2010, by Mrs. Etty Roeswitha
          Perubahan disahkan oleh Menteri Hukum dan                      Moelia, S.H. The amendment deed was approved
          HAM Republik Indonesia dalam Surat                             by the Minister of Law and Human Rights of the
          Keputusan No. AHU-AH.01.10-06698 Tahun                         Republic      of     Indonesia   in    Decree
          2011 tanggal 3 Maret 2011.                                     No. AHU-AH.01.10-06698 Year 2011 dated March
                                                                         3, 2011.

          Perusahaan memiliki 950 lembar saham                           The Company has 950 shares with par value
          dengan nilai nominal Rp10.000 (Rupiah penuh)                   Rp10,000 (full Rupiah) per share or equivalent
          per lembar saham atau setara dengan Rp9.500                    to Rp9,500 which represent 4.75% ownership
          yang merupakan 4,75% kepemilikan.                              interest.

          Berdasarkan surat Perusahaan kepada MNB                        Based      on  the    Company’s        Letter
          No. AA.HK.02.1143 tanggal 11 Agustus 2000,                     No. AA.HK.02.1143 dated August 11, 2000 to
          Perusahaan mengambil alih proyek yang                          MNB, the Company took over the project being
          dibangun oleh MNB.                                             built by MNB.

          Pengambilalihan proyek ini mengakibatkan                       As a consequence, the Company’s investment
          penyertaan Perusahaan dinilai sudah tidak                      in MNB has no more economic value, therefore,
          memiliki nilai ekonomis dan mengakui kerugian                  the Company recognized the loss on the
          atas penurunan nilai penyertaan yang bersifat                  permanent impairment of its investment in year
          permanen tahun 2000 sebesar Rp9.500.                           2000 amounting to Rp9,500.
          CMSP didirikan berdasarkan Akta Notaris                        CMSP was established based on the Notarial
          No. 36 tanggal 12 April 1996 dari Siti Pertiwi                 Deed No. 36 dated April 12, 1996 from Siti
          Henny Singgih, S.H. Penyertaan pada                            Pertiwi Henny Singgih, S.H. The investment in
          CMSP     dilakukan    sehubungan      dengan                   CMSP relates to operation of the JORR Section
          penyelenggaraan proyek jalan tol JORR Seksi                    W2 (Kebon Jeruk - Pondok Pinang) toll road
          W2 (Kebon Jeruk - Pondok Pinang).                              project.



                                                            93
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PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

16. ASET KEUANGAN LAINNYA (lanjutan)                            16. OTHER FINANCIAL ASSETS (continued)

     j.   PT Citra Mataram Satriamarga Persada                      j.   PT Citra Mataram Satriamarga Persada
          (CMSP)                                                         (CMSP)
          Perusahaan memiliki 4.725.000 lembar saham                     The Company owns 4,725,000 shares at par
          dengan nilai nominal Rp1.000 (Rupiah penuh)                    value of Rp1,000 (full Rupiah) per share or
          per lembar saham atau setara dengan Rp4.725                    equivalent to Rp4,725 which represent 15.00%
          yang merupakan 15,00% dari total kepemilikan.                  of total ownership.
          Berdasarkan surat Perusahaan kepada CMSP                       Based on the company's letter to CMSP
          No. AA.HK.02.820 tanggal 21 Juni 2000,                         No. AA.HK.02.820 dated June 21, 2000,
          mengenai     pengambilalihan     proyek    dan                 regarding the takeover of the project and the
          pengakhiran PKP, investasi Perusahaan pada                     termination of the PKP, the company's
          CMSP dipandang sudah tidak memiliki nilai                      investment in CMSP is considered to no longer
          ekonomis, sehingga Perusahaan mengakui                         have economic value, therefore the company
          kerugian atas penurunan nilai penyertaan tahun                 recognized a loss on the impairment of the
          2000 sebesar Rp4.725.                                          investment in 2000 amounting to Rp4,725.

     k.   PT Margaraya Jawa Tol (MJT)                              k. PT Margaraya Jawa Tol (MJT)

          MJT didirikan berdasarkan Akta Notaris                         MJT was established based on the Notarial
          No. 18 tanggal 6 Juni 1997 dari Enimarya Agoes                 Deed No. 18 dated June 6, 1997 dari Enimarya
          Suwarako, S.H. Penyertaan pada MJT dilakukan                   Agoes Suwarako, S.H. The investment in MJT
          sehubungan dengan penyelenggaraan proyek                       relates to the construction and operation of the
          Jalan Tol Waru (Aloha) - Tanjung Perak.                        Waru (Aloha) - Tanjung Perak toll road project.
          Perusahaan memiliki 4.143.438 lembar saham                     The Company originally owned 4,143,438
          dengan nilai nominal Rp1.000 (Rupiah penuh)                    shares at par value of Rp1,000 (full Rupiah),
          per lembar saham atau setara dengan Rp4.143                    amounting to Rp4,143 which represent 5.00% of
          yang merupakan 5,00% dari total kepemilikan.                   total ownership.

          Berdasarkan Rapat Umum Pemegang Saham                          Based on the Extraordinary General Meeting of
          Luar Biasa mengenai restrukturisasi MJT yang                   Shareholders, regarding MJT restructuring, as
          tercantum dalam Akta Notaris Adrian Djuaini,                   included in the Notarial Deed No. 17 dated
          S.H., No. 17 tanggal 20 Oktober 2004,                          October 20, 2004, Adrian Djuaini, S.H., the
          Perusahaan memperoleh 1.250.000 lembar                         Company acquired 1,250,000 shares from
          saham dari hasil kapitalisasi atau konversi                    capitalization or conversion of convertible bond
          20.000.000 saham baru sehingga kepemilikan                     to 20,000,000 new shares, hence, the
          saham Perusahaan menjadi 5.393.438 lembar                      Company’s shares became 5,393,438 shares or
          saham atau setara dengan Rp5.393. Selain itu,                  equivalent to Rp5,393. In addition, MJT issued
          MJT juga mengeluarkan saham baru dari                          new shares from its portfolio of 110,458,000
          saham portepel sebanyak 110.458.000 lembar                     shares.
          saham.

          Perusahaan tidak menambah modal disetor                        The Company did not increase its investment
          tersebut sehingga kepemilikan Perusahaan                       and as a result, the Company’s ownership
          mengalami dilusi menjadi sebesar 2,47%.                        diluted to 2.47%. The Government and MJT
          Pemerintah dan MJT telah menandatangani                        have entered into Concession Rights
          PPJT pada tanggal 19 Juli 2007 dengan masa                     Agreement on July 19, 2007 with concession
          konsesi hingga tahun 2047.                                     period until year 2047.

          Perusahaan menganggap penyertaan pada                          The Company has identified the invesment in
          MJT sudah tidak memiliki nilai ekonomis                        MJT does not have any expected future
          disebabkan    tidak   adanya    kepastian                      economic benefit and, therefore, the Company
          pengembalian investasi atas penyertaannya                      recognized the loss on impairment its invesment
          dan mengakui kerugian atas penurunan nilai                     amounting to Rp4,143 as an expense in 2019.
          penyertaan sebesar Rp4.143 sebagai beban
          tahun 2019.




                                                           94
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PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                          As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

16. ASET KEUANGAN LAINNYA (lanjutan)                             16. OTHER FINANCIAL ASSETS (continued)
     l.   PT Marga Mawatindo Esprit (MME)                           l.   PT Marga Mawatindo Esprit (MME)
          MME didirikan berdasarkan Akta Notaris No. 96                  MME was established based on the Notarial
          tanggal 30 Mei 1997 Siti Pertiwi Henny Singgih,                Deed No. 96 dated May 30, 1997 Siti Pertiwi
          S.H. Penyertaan pada MME dilakukan                             Henny Singgih, S.H. The investment in MME
          sehubungan dengan penyelenggaraan proyek                       relates to the construction and operation of the
          jalan tol Semarang - Demak. Perusahaan                         Semarang - Demak toll road. The Company
          memiliki 1.154.364 lembar saham dengan nilai                   owns 1,154,364 shares at par value of Rp2,409
          nominal Rp2.409 (Rupiah penuh) per lembar                      (full Rupiah) per share or equivalent to
          saham atau setara dengan Rp2.780 yang                          Rp2,780, which represent 8.33% ownership.
          merupakan 8,33% kepemilikan.
          Berdasarkan Surat No. 001/SPK-DIR/2003                         Based on Letter No. 001/SPK-DIR/2003 dated
          tanggal 6 Januari 2003, Perusahaan dan MME                     January 6, 2003, the Company and MME
          sepakat untuk mengakhiri Perjanjian Kuasa                      agreed to terminate the Power of Attorney
          Penyelenggaraan       No.     58     tanggal                   Agreement No. 58 dated February 25, 1998.
          25 Februari 1998. Pengakhiran PKP ini                          The termination of this PoA resulted in the
          mengakibatkan penyertaan pada perusahaan                       investment in this company having no
          ini tidak memiliki nilai ekonomis, sehingga                    economic value, therefore the Company
          Perusahaan mengakui adanya kerugian atas                       recognized a loss from the impairment of the
          penurunan nilai penyertaan tahun 2002                          investment in 2002 amounting to Rp2,781.
          sebesar Rp2.781.

     m. Marga Net One Limited (MNOL)                                m. Marga Net One Limited (MNOL)
          MNOL didirikan berdasarkan hukum Negara                        MNOL was established based on the Law of
          Bangladesh sebagaimana termuat dalam                           Bangladesh as stated in The Company Act
          Incorporated Under The Company Act 1994                        1994 (ACT-XVIII of 1994) (Private Company
          (ACT-XVIII of 1994) (Private Company Limited                   Limited by Shares) and Memorandum of
          By Shares) dan Memorandum of Association of                    Association of Marga Net One Limited dated
          Marga      Net     One     Limited   tanggal                   February     29,      2003,    in   conjunction
          29 Februari 2003 dalam Certificate of                          with      Certificate       of    Incorporation
          Incorporation No. C-50732(1027)/2003 tanggal                   No. C-50732(1027)/2003 dated October 11,
          11 Oktober 2003 yang dikeluarkan Registrar of                  2003, issued by the Bangladesh’s Registrar of
          Joint Stock Companies And Firms dari                           Joint Stock Companies And Firms.
          Bangladesh.
          Berdasarkan Memorandum of Association of                       Based on the Memorandum of Association of
          MNOL tanggal 29 Februari 2003, Perusahaan                      MNOL dated February 29, 2003, the Company
          memiliki 200 lembar saham dengan nominal                       owns 200 shares at par value of TK 100 (full
          TK 100 (mata uang Taka penuh) per lembar                       Taka amount) per share or 10.00% ownership
          saham atau 10,00% kepemilikan dan setoran                      and subscribed to paid in capital amounting to
          modal sejumlah US$1,800 atau setara dengan                     US$1,800 or equivalent to Rp15 on
          Rp15 yang dilakukan pada 2 September 2003.                     September 2, 2003.
          Perusahaan menganggap penyertaan pada                          The Company has identified that the investment
          MNOL sudah tidak memiliki nilai ekonomis                       in MNOL does not have any expected future
          disebabkan tidak ada kepastian pengembalian                    economic benefit and, therefore, the Company
          investasi atas penyertaannya dan mengakui                      recognized the loss on impairment its
          kerugian atas penurunan nilai penyertaan                       investment amounting to Rp15 as an expense
          sebesar Rp15 sebagai beban tahun 2006.                         in 2006.
     n.   PT Hutama Marga Waskita (HAMAWAS)                         n.   PT Hutama Marga Waskita (HAMAWAS)
          HAMAWAS didirikan berdasarkan Akta Notaris                     HAMAWAS was established based on Notarial
          No. 24 tanggal 20 Februari 2017 dari                           Deed No. 24 dated February 20, 2017, from
          Ni Nyoman Rai Sumawati, S.H., M.Kn., dalam                     Ni Nyoman Rai Sumawati, S.H., M.Kn., in
          rangka pengusahaan ruas tol Kuala Tanjung -                    relation to the business operation of the Kuala
          Tebing Tinggi - Parapat. Akta Pendirian                        Tanjung - Tebing Tinggi - Parapat toll road
          disahkan oleh Menteri Hukum dan Hak Asasi                      section. The Deed of Establishment was
          Manusia Republik Indonesia dalam Surat                         approved by the Minister of Law and Human
          Keputusan    No.    AHU-0008223.AH.01.01.                      Rights of the Republic of Indonesia in Decree
          Tahun 2017 tanggal 21 Februari 2017.                           No. AHU 0008223.AH.01.01. Year 2017 dated
                                                                         February 21, 2017.

                                                            95
Page 929
PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                          As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

16. ASET KEUANGAN LAINNYA (lanjutan)                             16. OTHER FINANCIAL ASSETS (continued)

     n. PT Hutama Marga Waskita (HAMAWAS)                           n.   PT Hutama Marga Waskita (HAMAWAS)
        (lanjutan)                                                       (continued)

          Berdasarkan Akta Pernyataan Keputusan Para                     Based on the Deed of Shareholders resolution
          Pemegang Saham di Luar Rapat Umum                              in lieu of General Meeting of HAMAWAS’s
          Pemegang Saham HAMAWAS No. 3 tanggal                           Shareholder No. 3 dated September 10, 2024,
          10 September 2024, oleh notaris Ni Nyoman                      by notary Ni Nyoman Rai Sumawati, S.H.,
          Rai Sumawati, S.H., M.Kn, para pemegang                        M.Kn., the shareholders agreed to increase the
          saham menyetujui peningkatan modal dasar                       authorized capital of HAMAWAS. The Company
          HAMAWAS. Perusahaan tidak melakukan                            did not make any payment, so the company’s
          pembayaran sehingga persentase kepemilikan                     percentage of ownership on HAMAWAS
          Perusahaan terhadap HAMAWAS turun dari                         decreased from 0,50% to 0.41%. The Company
          0,50% menjadi 0,41%. Perusahaan memiliki                       owned 53,560 shares at par value of
          53.560 lembar saham dengan nilai nominal                       Rp1,000,000 (full Rupiah) per share or
          Rp1.000.000 (Rupiah penuh) per lembar saham                    equivalent to Rp53,560.
          atau setara dengan Rp53.560.

          Nilai wajar investasi saham di HAMAWAS                         The fair value of share investments in
          ditentukan dengan menggunakan metode                           HAMAWAS is determined using the method of
          diskonto arus kas dan perbandingan nilai pasar.                discounting cash flow and comparing market
          Per 31 Desember 2025 dan 2024, nilai wajar                     values. As of December 31, 2025 and 2024, the
          investasi saham didasarkan pada penilaian                      fair value of stock investment is based on the
          yang dilakukan oleh KJPP Budi, Edy, Saptono                    assessment made by KJPP Budi, Edy, Saptono
          dan Rekan, penilai independen yang terdaftar                   and Rekan, independent appraisers registered
          pada OJK, dalam laporannya tanggal                             with the OJK, in its reports dated
          23 Februari 2026 dan 19 Februari 2025.                         February 23, 2026 and February 19, 2025.

     o.   PT PP Sinergi Banjaratma (PPSB)                           o.   PT PP Sinergi Banjaratma (PPSB)

          PPSB didirikan berdasarkan Akta Notaris No. 2                  PPSB was established based on Notarial Deed
          tanggal 7 Februari 2019, Ni Nyoman                             No. 2 dated February 7, 2019, Ni Nyoman
          Raisumawati, S.H., M.Kn., di Jakarta dalam                     Raisumawati, S.H., M.Kn., in Jakarta of
          rangka pengelolaan Rest Area KM 260 Brebes.                    managing the KM 260 Brebes Rest Area. The
          Akta Pendirian disahkan oleh Menteri                           Deed of Establishment was approved
          Hukum dan Hak Asasi Manusia Republik                           by the Minister of Law and Human
          Indonesia     dalam      Surat    Keputusan                    Rights of the Republic of Indonesia
          No. AHU 2460435.AH. 01.01 Tahun 2019                           No. AHU 2460435.AH. 01.01 Year 2019 dated
          tanggal 12 Oktober 2019.                                       October 12, 2019.

          Berdasarkan Berita Acara Rapat Umum                            Based on the Minutes of the Extraordinary
          Pemegang Saham Luar Biasa No. 5 tanggal                        General Meeting of Shareholders No. 5 dated
          29 Agustus 2023, oleh Notaris Ni Nyoman Rai                    August 29, 2023, by Notary Ni Nyoman Rai
          Sumawati, S.H.,M.Kn, para pemegang saham                       Sumawati, S.H., M.Kn, the shareholders
          menyetujui peningkatan modal ditempatkan dan                   approved an increase in the issued and paid-up
          disetor PPSB. Perusahaan tidak menambah                        capital of PPSB. The Company did not increase
          modal sehingga persentase kepemilikan                          capital so that the Company's ownership
          Perusahaan terhadap PPSB terdilusi dari                        percentage of PPSB was diluted from 20.00%
          20,00% menjadi 6,21%. Akibat dari penurunan                    to 6.21%. As a result of the decrease in
          kepemilikan, Perusahaan mereklasifikasikan                     ownership, the Company reclassified its
          investasi pada PPSB sebagai aset keuangan.                     investment in PPSB as a financial asset.

          Nilai wajar investasi saham di PPSB ditentukan                 The fair value of share investments in PPSB is
          dengan menggunakan metode diskonto arus                        determined using the method of discounting
          kas dan perbandingan nilai pasar. Per                          cash flow and comparing market values. As of
          31 Desember 2025 dan 2024, nilai wajar                         December 31, 2025 and 2024, the fair value of
          investasi saham didasarkan pada penilaian                      stock investment is based on the assessment
          yang dilakukan oleh KJPP Budi, Edy, Saptono                    made by KJPP Budi, Edy, Saptono and Rekan,
          dan Rekan, penilai independen yang terdaftar                   independent appraisers registered with the
          pada OJK, dalam laporannya tanggal                             OJK, in its reports dated February 23, 2026 and
          23 Februari 2026 dan 19 Februari 2025.                         February 19, 2025.

                                                            96
Page 930
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

16. ASET KEUANGAN LAINNYA (lanjutan)                            16. OTHER FINANCIAL ASSETS (continued)

     p.   PT Waskita Beton Precast Tbk (WSBP)                      p.   PT Waskita Beton Precast Tbk (WSBP)
          Berdasarkan Perjanjian Perdamaian oleh                        Based on the Settlement Agreement by the
          Pengadilan disahkan berdasarkan Putusan                       Court ratified under the PKPU Decision
          PKPU No. 497/Pdt.Sus-PKPU/2021/PN.NIAGA                       No. 497/Pdt.Sus-PKPU/2021/PN.NIAGA, which
          yang diperkuat melalui Putusan Mahkamah                       was further reinforced by the Supreme Court
          Agung No. 1455 K/Pdt.Sus-Pailit/2022, atas                    Decision No. 1455 K/Pdt.Sus-Pailit/2022,
          PKPU terhadap PT Waskita Beton Precast Tbk                    regarding the PKPU against PT Waskita Beton
          (WSBP), dimana JMTM tidak ikut serta dalam                    Precast Tbk (WSBP), where JMTM did not
          proses PKPU tersebut, namun berimplikasi                      participate in the PKPU process but it affected
          terhadap seluruh kreditur WSBP.                               all WSBP creditors.

          Atas putusan tersebut, JMTM mendapatkan                       Based on the decision, JMTM has received a
          skema penyelesaian pembayaran utang                           debt settlement scheme from PT Waskita Beton
          PT Waskita Beton Precast Tbk melalui 2 (dua)                  Precast Tbk through 2 (two) schemes following
          skema mengikuti Tranche B dan D, yaitu                        Tranches B and D, as follows:
          sebagai berikut:

            a. Tranche B, 5% dari total porsi utang                     a. Tranche B, 5% of the total debt portion
               dengan skema penyelesaian utang                             under a debt settlement scheme amounting
               sebesar Rp126 akan dibayarkan dan                           to Rp126 will be paid and settled by WSBP
               diselesaikan oleh WSBP dalam waktu                          within 5 (five) years from the effective date,
               5 (lima) tahun sejak tanggal yang berlaku                   sourced from the Cash Flow Available for
               yang akan bersumber dari Cash Flow                          Debt Service (CFADS). As of the date of the
               Available for Debt Service (CFADS).                         financial report, WSBP has completed the
               Sampai      dengan     tanggal    laporan                   payment of 5% of the total debt portion to
               keuangan, WSBP telah menyelesaikan                          JMTM.
               pembayaran 5% dari total porsi utang
               tersebut kepada JMTM;
            b. Tranche D, 95% dari total porsi utang                    b. Tranche D, representing 95% of the total
               dengan skema penyelesaian utang                             debt portion under the debt settlement
               dengan nilai sebesar Rp2.385 dikonversi                     scheme with a value of Rp2,385 was
               menjadi saham biasa yang dihitung                           converted into ordinary shares calculated
               berdasarkan Volume-Weight Average                           based on the Volume-Weighted Average
               Price (VWAP) selama 45 (empat puluh                         Price (VWAP) over the 45 (forty-five) days
               lima) hari sebelum tanggal konversi                         prior to the effective date of the equity
               ekuitas berlaku efektif dengan jumlah                       conversion, resulting in 46,942,756 Series C
               46.942.756 lembar saham Seri C atau                         shares, equivalent to 0.086%.
               setara 0,086%.
                Konversi tersebut dilakukan dengan                          The conversion was carried out at a price of
                harga Rp50 (dalam Rupiah Penuh) per                         IDR 50 (in full Rupiah) per share. Ownership
                lembar. Kepemilikan Saham tersebut,                         of these shares has been registered based
                telah  terdaftar   berdasarkan   Surat                      on the Share Ownership Certificate of
                Keterangan Kepemilikan Saham WSBP                           WSBP No. DE/VIII/2023-5177 dated
                No.      DE/VIII/2023-5177     tanggal                      August        4,    2023,      issued     by
                4 Agustus 2023 yang diterbitkan                             PT Datindo Entrycom as the Securities
                PT Datindo Entrycom selaku Biro                             Administration Bureau managing WSBP's
                Administrasi Efek pengelola daftar                          shareholder register. JMTM has obtained
                pemegang saham WSBP. JMTM telah                             approval from the Shareholders as
                mendapatkan persetujuan dari Pemegang                       stipulated in the Resolution of Shareholders
                Saham sebagaimana tertuang dalam                            Outside      the    General     Meeting   of
                Keputusan Para Pemegang Saham Di                            Shareholders        of      JMTM       dated
                Luar Rapat Umum Pemegang Saham                              October 23, 2024.
                JMTM tanggal 23 Oktober 2024.
          JMTM berencana menjual seluruh kepemilikan                    JMTM plans to sell all of the Series C shares to
          saham Seri C tersebut untuk mencegah                          prevent much greater losses, considering the
          kerugian yang jauh lebih besar mengingat                      current condition of WSBP
          kondisi WSBP saat ini.



                                                           97
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PT JASA MARGA (PERSERO) Tbk                                                                   PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                             For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                 As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                    (Expressed in millions of Rupiah, unless otherwise stated)

16. ASET KEUANGAN LAINNYA (lanjutan)                                    16. OTHER FINANCIAL ASSETS (continued)

     p.   PT Waskita Beton Precast Tbk (WSBP)                              p.      PT Waskita Beton Precast Tbk (WSBP)
          (Lanjutan)                                                               (Continued)

          Pada tahun 2025, investasi atas saham WSBP                               In 2025, the investment in WSBP shares was
          direklasifikasi dari aset tidak lancar lainnya                           reclassified from other non-current assets
          (Catatan 17).                                                            (Note 17).


17. ASET TIDAK LANCAR LAINNYA                                           17. OTHER NON-CURRENT ASSETS

                                                           2025            2024
     Tanah dalam Pengembangan                                 666.997            668.700                               Land under Development
     Biaya Prakarsa                                            83.519            127.237                                            Initiative Cost
     Taksiran Tagihan Pajak                                                                                     Estimated Claim for Tax Refund
        Entitas Anak                                           57.006              67.528                                            Subsidiary
     Uang Muka Pembelian Tanah                                 47.620              47.620                         Advances for Purchase of Land
     Aset Diambil Alih                                         26.102              26.102                                      Foreclosed Assets
     Uang Muka Setoran Modal                                   20.690              55.816                       Advances for Capital Investment
     Bangunan Tanah Pengganti                                  18.416                  -                             Replacement Land Building
     Uang Muka Kontraktor dan Konsultan                       115.020             505.904               Advances for Contractors and Consultants
     Uang Muka Biaya Fasilitas Pinjaman                             -                 141                       Advances for Loans Facility Fee
     Lainnya (Catatan 16)                                      16.202              23.945                                       Others (Note 16)
     Total Aset Lain-lain                                   1.051.572           1.522.993                                      Total Other Assets
     Cadangan Kerugian Penurunan Nilai                                                                         Allowance for Impairment Losses
       Biaya Prakarsa                                        (25.725)             (25.725)                                       Initiative Cost
       Aset Diambil Alih                                     (26.102)             (26.102)                                  Foreclosed Assets
       Uang Muka Setoran Modal                               (20.690)             (55.816)                    Advances for Capital Investment
     Total Penurunan nilai                                   (72.517)           (107.643)                               Total Impairment Losses
     Total - Bersih                                          979.055            1.415.350                                               Total - Net


    Mutasi penyisihan kerugian penurunan nilai adalah                            The movement of the allowance for impairment
    sebagai berikut:                                                             losses account are as follows:

                                                           2025            2024
     Saldo awal tahun                                        107.643             107.643                                  Beginning balance year
     Pemulihan (Catatan 39)                                  (35.126)                  -                                      Recovery (Note 39)
     Saldo akhir tahun                                        72.517             107.643                                   Ending balance year


     Berdasarkan hasil penelaahan terhadap keadaan                               Based on a review of the condition of other non-
     akun aset tidak lancar lainnya pada akhir tahun,                            current assets at the end of year, management
     manajemen berkeyakinan bahwa penyisihan                                     believes that the allowance for impairment losses
     tersebut cukup untuk menutup kerugian yang                                  on other receivables is sufficient to cover possible
     mungkin terjadi atas ketidaktertagihan piutang lain-                        losses that may arise from uncollected other
     lain pada tanggal 31 Desember 2025 dan 2024.                                receivables as of December 31, 2025 and 2024.

     a.   Tanah dalam Pengembangan                                         a. Land under Development

          Akun ini merupakan nilai tercatat tanah dalam                          This account is the recorded value of land under
          pengembangan milik JMRB yang berada di TB                              JMRB's development located in TB Simatupang -
          Simatupang - Jakarta, Pesanggrahan - Jakarta,                          Jakarta, Pesanggrahan - Jakarta, Kaum Sari -
          Kaum Sari - Bogor, Ambawani - Cibinong.                                Bogor, Ambawani - Cibinong. For the locations of
          Untuk lokasi Ambawani, Bekasi Timur dan                                Ambawani, East Bekasi and Angraini, Cibinong
          Angraini, Cibinong telah di reklasifikasi sebagai                      has been reclassified as a land ready-to-use.
          persediaan Tanah Siap Guna.

                                                                  Luas / Area
          Lokasi / Location
                                                                     (m2)                    2025                 (m2)                 2024
          TB Simatupang, Jakarta Selatan                                19.526                613.508                19.526              615.211
          Pesanggrahan, Jakarta Selatan                                  3.115                 27.086                 3.115               27.086
          Kaumsari, Bogor                                                7.254                 26.403                 7.254               26.403
          Total                                                                               666.997                                    668.700

                                                                  98
Page 932
PT JASA MARGA (PERSERO) Tbk                                                                        PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                            FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                               For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                   As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                      (Expressed in millions of Rupiah, unless otherwise stated)

17. ASET TIDAK LANCAR LAINNYA (lanjutan)                                   17. OTHER NON-CURRENT ASSETS (continued)

     b.   Uang Muka Kontraktor dan Konsultan                                  b. Advances for Contractors and Consultants
                                                           2025                    2024
          KSO WIKA-PP-KMK-HKI                                  73.950                 286.562                            KSO WIKA-PP-KMK-HKI
          KSO NKE-CCECC                                        33.466                   70.574                               KSO NKE-CCECC
          KSO ADHI-ACSET                                        7.604                 148.768                                KSO ADHI-ACSET
          Total                                               115.020                 505.904                                          Total


     c.   Uang Muka Setoran Modal                                             c.     Advances for Capital Investment
                                                           2025                    2024

          PT Jasamarga Gedebage Cilacap                           15.868                  50.994                 PT Jasamarga Gedebage Cilacap
          PT Pilar Sinergi BUMN Indonesia (PSBI)                   4.822                   4.822          PT Pilar Sinergi BUMN Indonesia (PSBI)
          Subtotal                                                20.690                  55.816                                        Subtotal
          Cadangan Kerugian Penurunan Nilai:                                                                     Allowance for Impairment Losses:
            PT Jasamarga Gedebage Cilacap                     (15.868)                (50.994)                 PT Jasamarga Gedebage Cilacap
            PT Pilar Sinergi BUMN Indonesia (PSBI)             (4.822)                 (4.822)          PT Pilar Sinergi BUMN Indonesia (PSBI)
          Subtotal                                            (20.690)                (55.816)                                           Subtotal
          Total                                                      -                       -                                              Total


          Pemulihan CKPN merupakan pembagian sisa                                     Recovery of ECL represents the allocation of
          uang muka setoran modal sebesar Rp35.126                                    the remaining capital deposit advance
          (Catatan 10).                                                               amounting to Rp35,126 (Note 10).

     d. Biaya Prakarsa                                                        d.      Initiative Cost
          Biaya Prakarsa adalah biaya prakarsa jalan tol                              Initiative costs are the toll road initiative
          dalam rangka memprakarsai proyek ruas jalan                                 expenses in order to initiate new toll road
          tol baru. Pada tahun berjalan, biaya kepada                                 projects. In the current year, the costs to BSIS
          BSIS telah direalisasikan menjadi penambahan                                have been realized as an increase in
          investasi pada BSIS sebesar Rp41.597                                        investment in BSIS amounting to Rp41,597
          (Catatan 10).                                                               (Note 10).
          Manajemen melakukan penurunan nilai                                         Management has recognized an impairment of
          terhadap biaya prakarsa ruas Ciranjang –                                    the project costs for the Ciranjang – Padalarang
          Padalarang dan Salabenda – Caringin.                                        and Salabenda – Caringin sections. The
          Akumulasi penurunan nilai biaya prakarsa                                    accumulated impairment of project costs as of
          31 Desember 2025 dan 2024 sebesar                                           December 31, 2025 and 2024 amounted to
          Rp25.725.                                                                   Rp25,725.

    e.    Aset Diambil Alih                                                   e.      Foreclosed assets
                                                           2025                    2024
          Ruas Tol Porong - Gempol                                12.028                  12.028                       Porong - Gempol Toll Road
          Ruas Tol Cileunyi - Nagrek (PT Wijaya                                                            Cileunyi - Nagrek Toll Road (PT Wijaya
            Karya (Persero) Tbk                                   12.000                  12.000                            Karya (Persero) Tbk
          Ruas Tol Pandaan - Pasuruan (PT Giri                                                             Pandaan - Pasuruan Toll Road (PT Giri
            Adya Sejati)                                           2.074                   2.074                                    Adya Sejati)
          Subtotal                                                26.102                  26.102                                         Subtotal
            Cadangan Kerugian Penurunan Nilai:                                                                 Allowance for Impairment Losses:
            Ruas Tol Porong - Gempol                          (12.028)                (12.028)                      Porong - Gempol Toll Road
            Ruas Tol Cileunyi - Nagrek (PT Wijaya                                                                  Cileunyi - Nagrek Toll Road
              Karya (Persero) Tbk)                            (12.000)                (12.000)                          Karya (Persero) Tbk)
            Ruas Tol Pandaan - Pasuruan (PT Giri                                                         Pandaan - Pasuruan Toll Road (PT Giri
              Adya Sejati)                                     (2.074)                 (2.074)                                  Adya Sejati)
          Subtotal                                            (26.102)                (26.102)                                           Subtotal
          Total                                                      -                       -                                              Total


          Ruas Tol Porong - Gempol                                                     Porong - Gempol Toll Road
          Jalan tol Seksi Porong - Gempol merupakan                                    Section Porong - Gempol toll road is part of
          bagian dari jalan tol Surabaya - Gempol yang                                 Surabaya - Gempol toll road that has been
          mengalami dampak dari musibah genangan                                       affected by mud disaster of PT Lapindo
          lumpur PT Lapindo Brantas sehingga                                           Brantas which resulting in the toll road unable
          mengakibatkan jalan tol tersebut tidak dapat                                 to operate.
          beroperasi.

                                                                  99
Page 933
PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                          As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

17. ASET TIDAK LANCAR LAINNYA (lanjutan)                          17. OTHER NON-CURRENT ASSETS (continued)

    e.    Aset Diambil Alih (lanjutan)                               e.   Foreclosed assets (continued)

         Ruas Tol Porong - Gempol (lanjutan)                              Porong - Gempol Toll Road (continued)

         Sehubungan dengan dilakukannya penutupan                         In line with the partial closure of Section
         sebagian jalan tol Surabaya - Gempol Seksi                       Porong - Gempol of Surabaya - Gempol toll
         Porong - Gempol pada tanggal 11 Juli 2006,                       road on July 11, 2006, which followed up by
         dan ditindaklanjuti dengan Surat Menteri                         letter from the Minister of Public Works
         Pekerjaan Umum No. 297/KPTS/M/2006                               No. 297/KPTS/M/2006 dated August 11, 2006
         tanggal 11 Agustus 2006 tentang Pencabutan                       regarding the Temporary Revocation of Status
         Sementara Status Sebagai Jalan Tol Sebagian                      of Some Part of Section Porong - Gempol in
         Ruas Jalan Tol Porong - Gempol Seksi                             Surabaya - Gempol Toll Road, the Company
         Surabaya - Gempol, Perusahaan mencatat aset                      recognized the Section Porong - Gempol toll
         jalan tol seksi Porong - Gempol ke dalam Aset                    road into Other Non-current Assets amounting
         Tidak Lancar Lainnya sebesar Rp12.028.                           to Rp12,028.

         Ruas Pandaan - Pasuruan                                          Pandaan – Pasuran Toll Road

         PT Giri Adya Sejati (GAS) selaku investor                        PT Giri Adya Sejati (GAS) as the investor in the
         proyek jalan tol pandaan- pasuruan tidak dapat                   Pandaan-Pasuruan toll road project was
         membayar biaya pekerjaan perencanaan yang                        unable to pay the costs of the planning carried
         dilakukan oleh PT ideoo Utama sesuai dengan                      out by PT Ideoo Utama in accordance with
         kontrak       No.     105/g21-IDI/96     tanggal                 contract     No.      105/g21-IDI/96       dated
         15 Februari 1995. Berdasarkan pasal 1 surat                      February 15, 1995. Based on article 1 of the
         perjanjian penyelesaian penggantian biaya                        agreement on settlement of reimbursement for
         perencanaan jalan tol Pandaan – Pasuran                          planning costs for the Pandaan – Pasuran toll
         No.13/SPK-Dir/2001 tanggal 14 Desember                           road        No.13/SPK-Dir/2001             dated
         2001, kedua belah pihak sepakat bahwa                            December 14, 2001, both parties agreed that
         penggantian biaya pekerjaan perencanaan                          reimbursement for planning work costs would
         ditentukan     oleh    hasil   Due    diligence.                 be determined by the results of due diligence.
         Berdasarkan laporan hasil due diligence oleh                     Based on the due diligence report by public
         akuntan publik, nilai pekerjaan perencanaan                      accountant, the value cost of toll road planning
         jalan tol tersebut ditetapkan sebesar Rp2.074.                   was determined at Rp2,074. Therefore, in
         Oleh karena itu, pada tahun 2001 Perseroan                       2001 the Company recognized a liability due to
         mengakui kewajiban karena pengakhiran PKP                        the termination of the PKP amounting to
         sebesar Rp2.074. Kewajiban ini telah                             Rp2,074. This obligation was fully paid on
         seluruhnya dilunasi pada 14 Februari 2002.                       February 14, 2002.

         Ruas Cileunyi - Nagrek                                           Cileunyi – Nagrek Toll Road
         Pada tanggal 28 September 2001 Perusahaan                        On September 28, 2001, the Company and PT
         dan PT Wijaya Karya telah menandatangani                         Wijaya Karya signed an Agreement to
         Perjanjian Pengakhiran Perjanjian Kerja Sama                     Terminate of concession agrement for the
         Penyelenggaraan (PKP) Bagi Hasil Jalan Tol                       Cileunyi - Nagreg Toll Road No. 38 dated
         Cileunyi - Nagreg No.38 tanggal 9 Mei 1996                       May 9, 1996 which was stated in deed no. 12
         yang dituangkan dalam Akta No. 12 tanggal                        dated September 20, 2001 by Notary Drs.
         20 September 2001 oleh Notaris Drs. Andy                         Andy A. Agus, S.H.,. Based on this agreement,
         A.Agus, S.H.,. Berdasarkan perjanjian ini                        an agreement was obtained to terminate the
         diperoleh kesepakatan Pengakhiran Perjanjian                     agreement with the provisions that the
         dengan ketentuan akan membayar biaya                             Company would pay the toll road financing
         pembiayaan jalan tol sebesar Rp12.000 dengan                     costs amounting to Rp12,000 in fixed
         cara angsuran tetap sesuai perhitungan                           installments according to the calculation as
         sebagaimana dicantumkan dan dituangkan                           stated and outlined in the Payables and
         dalam Perjanjian Hutang-Piutang No.13                            Receivables Agreement No. 13 dated
         tanggal 28 September 2001.                                       September 28, 2001.

    f.   Lainnya                                                     e.   Others
         Akun ini merupakan biaya dari cetak blueprint                    This account represents costs from blueprints
         dan biaya dari software yang masih dalam                         and costs from software that is still in the
         tahap pengembangan.                                              development stage.


                                                            100
Page 934
PT JASA MARGA (PERSERO) Tbk                                                           PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                           For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                               As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)

18. PERPAJAKAN                                                         18. TAXATION
     a. Pajak Dibayar Dimuka                                              a.   Prepaid Taxes
                                                           2025                2024                                               -
          Perusahaan                                                                                               The Company
            Pajak Penghasilan Pasal 21                        90.662               62.631                 Income Tax Article 21
          Entitas Anak                                                                                              Subsidiaries
            Pasal 21                                          10.839                1.437                            Article 21
            Pasal 4 (2)                                        1.395                     -                         Article 4 (2)
            Pasal 23                                              47                     -                         Article 23
            Pajak Pertambahan Nilai                          199.340               71.786                     Value-Added Tax
          Total                                              302.283              135.854                                   Total


     b.   Utang Pajak                                                     b. Taxes Payable
                                                           2025                2024
          Perusahaan                                                                                              The Company
          Pajak Penghasilan:                                                                                        Income Tax:
            Pasal 4 (2)                                        4.287               10.802                          Article 4 (2)
            Pasal 21                                             119                  418                            Article 21
            Pasal 22                                             241                  137                            Article 22
            Pasal 23                                           3.211                4.554                            Article 23
            Pasal 29                                         107.704            1.516.445                            Article 29
            Pasal 25                                               -               24.787                            Article 25
          Pajak Pertambahan Nilai                             81.173              109.779                       Value-Added Tax
                                                             196.735            1.666.922
          Entitas Anak                                                                                              Subsidiaries
          Pajak Penghasilan:                                                                                         Income Tax:
            Pasal 4 (2)                                       71.501               36.291                             Article 4 (2)
            Pasal 21                                           4.426                2.374                             Article 21
            Pasal 23                                           7.185               21.325                             Article 23
            Pasal 25                                           6.928                3.242                             Article 25
            Pasal 26                                               3                1.451                             Article 26
            Pasal 29                                         101.821               71.690                             Article 29
          Pajak Bumi Bangunan                                  1.706                2.710                           Property Tax
          Pajak Pertambahan Nilai                                  -                  615                       Value-Added Tax
          Kewajiban Pajak Lainnya                             29.151                1.217                    Other Tax Liabilities
                                                             222.721              140.915
          Total                                              419.456            1.807.837                                    Total


     c.   Beban Pajak Penghasilan                                         c. Income Tax Expenses
          Beban pajak penghasilan Kelompok Usaha                               The income tax expense of the Group consists
          terdiri dari:                                                        of the following:
                                                           2025                2024
           Perusahaan                                                                                               The Company
             Pajak Kini                                       535.450             511.604                            Current Tax
             Pajak Tangguhan                                   12.406             (50.339)                          Deferred Tax
                                                              547.856             461.265
           Entitas Anak                                                                                              Subsidiaries
             Pajak Kini                                       600.537             450.406                            Current Tax
             Pajak Tangguhan                                  398.425            (754.021)                          Deferred Tax
                                                              998.962            (303.615)
           Konsolidasian                                                                                             Consolidated
             Pajak kini                                     1.135.987             962.010                            Current Tax
             Pajak Tangguhan                                  410.831            (804.360)                          Deferred Tax
           Total                                            1.546.818             157.650                                    Total


                                                              101
Page 935
PT JASA MARGA (PERSERO) Tbk                                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                   For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                       As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                          (Expressed in millions of Rupiah, unless otherwise stated)

18. PERPAJAKAN (lanjutan)                                                     18. TAXATION (continued)

     c.   Beban Pajak Penghasilan (lanjutan)                                      c. Income Tax Expenses (continued)

          Pajak Kini                                                                   Current Tax

          Rekonsiliasi    antara   laba   konsolidasian                                  A reconciliation between the consolidated
          sebelum pajak penghasilan menurut laporan                                      income before income tax as reported in the
          laba rugi konsolidasian dengan laba kena                                       consolidated       statements         of     other
          pajak, menjadi dasar dalam pengisian SPT PPh                                   comprehensive income and taxable income,
          Badan.                                                                         are the basis for filling in the corporate income
                                                                                         tax return.

          Rekonsiliasi antara laba akuntansi sebelum                                  The reconciliation between the accounting
          pajak penghasilan dengan tarif pajak yang                                   income before income tax with the current tax
          berlaku dan beban pajak penghasilan sebagai                                 rate and income tax expense are as follows:
          berikut:
                                                                2025                2024                                        0
          Laba Konsolidasian Sebelum Pajak                                                                              Consolidated Income Before Tax
            Penghasilan Badan                                     6.353.822           5.763.285                                      Corporate Income
          Dikurangi: Laba Entitas Anak                          (4.135.814)         (3.954.483)                     Less: Portion of Subsidiaries Income
          Efek eliminasi                                          2.265.728           3.397.573                                        Elimination effect
          Laba Sebelum Pajak Penghasilan - Perusahaan             4.483.736           5.206.375                       Income Before Tax - The Company

          Beban Pajak atas Laba                                                                                                    Revenue Tax Expense
            dengan Tarif Pajak yang Berlaku                        986.422            1.145.403                                 with Effective Tax Rate
          Pengaruh Pajak atas Beda Tetap                         (438.566)            (684.138)                 Tax Effect on the Permanent Differences
          Total Beban Pajak                                        547.856              461.265                                       Total Tax Expense
          Beban Pajak Entitas Anak - Neto                          998.962            (303.615)                  Tax Expenses of the Subsidiaries - Net
          Beban Pajak - Neto                                     1.546.818              157.650                                       Tax Expense - Net


                                                                2025              2024
          Laba Konsolidasian Sebelum Pajak Penghasilan           6.353.822          5.763.285                       Consolidated Income Before Tax Income
          Dikurangi: Laba Entitas Anak                          (4.135.814)        (3.954.483)                         Less: Portion of Subsidiaries Income
          Dampak eliminasi                                       2.265.728          3.397.573                                             Elimination effect
          Laba Sebelum Pajak Penghasilan - Perusahaan            4.483.736          5.206.375                            Income Before Tax - The Company

          Beda waktu                                                                                                                       Timing differences
          Beban insentif                                            34.666           146.106                                               Incentive expenses
          Provisi pelapisan ulang                                  (12.775)          118.823                                               Provision of overlay
          Provisi atas liabilitas imbalan kerja                   (141.267)           19.046                         Provision of employee benefits liabilities
          Sewa                                                      (3.995)             (155)                                                            Lease
          Penyisihan piutang tak tertagih                          (13.803)             (520)                                 Allowance for doubtful accounts
          Penyusutan aset tetap dan hak pengusahaan jalan tol       80.783           (54.485)     Depreciation of fixed assets and toll road concession rights
          Subtotal                                                 (56.391)          228.815                                                          Subtotal
          Beda tetap                                                                                                                 Permanent differences
          Beban umum dan administrasi                             132.960            190.761                            General and administrative expenses
          Beban bunga efektif                                      17.101             48.569                                 Effective interest rate expenses
          Beban tol dan usaha lainnya                              15.147              9.275                               Toll and other operating expense
          Beban pajak atas penghasilan keuangan                     4.276              9.160                                Tax expense on interest income
          Biaya atas penghasilan dikenakan pajak final              5.686              7.682                              Cost of income subject to final tax
          Beban pajak                                                  10                643                                                    Tax expenses
          Beban lainnya - bersih                                   16.282                279                                             Other expenses - net
          Beban piutang karyawan                                       82                153                                 Employee receivable expenses
          Penghasilan Lain-lain                                    (3.081)                 -                                                    Other Income
          Beban bunga akrual                                        3.998               (503)                                     Accrued interest expenses
          Dividen                                                  (53.284)          (21.167)                                                         Dividend
          Keuntungan dari pelepasan investasi                            -          7.495.439                                         Income from divestment
          Penghasilan dikenakan pajak final                        (16.226)           (26.961)                                      Income subject to final tax
          Pendapatan bunga yang telah dikenakan PPh Final          (21.372)           (45.764)                          Interest income subjected to final tax
          Bagian laba entitas anak dan entitas asosiasi         (2.095.061)        (3.281.846)                   Share in gain of subsidiaries and associates
          Subtotal                                              (1.993.482)         4.385.720                                                        Subtotal
          Total                                                 (2.049.873)         4.614.535                                                            Total
          Taksiran Penghasilan Kena Pajak Perusahaan             2.433.863         9.820.910                    Estimated Taxable Income of the Company
          Total beban pajak kini                                                                                                Current income tax provision
            Beban pajak kini Perusahaan                           535.450            511.604                   Current income tax expense - The Company
            Pajak keuntungan modal                                      -          1.648.997                                               Capital gain tax
          Total                                                   535.450          2.160.601                                                            Total
          Pajak penghasilan dibayar dimuka                                                                                     Prepayment of income taxes
            Pajak Penghasilan Pasal 23                             67.773             16.666                                       Income Tax Article 23
            Pajak Penghasilan Pasal 25                            359.973            627.490                                       Income Tax Article 25
          Total                                                   427.746            644.156                                                         Total
          Utang pajak penghasilan                                                                                                     Income Tax Payable
            Perusahaan                                            102
                                                                  107.704          1.516.445                                              The Company
            Entitas Anak                                          101.821             71.690                                                Subsidiaries
          Total Utang Pajak - Konsolidasian                       209.525          1.588.135                            Income Tax Payable - Consolidated
Page 936
PT JASA MARGA (PERSERO) Tbk                                                                                                                                               PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                                                   FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                                                                                   For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                                                                       As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                                          (Expressed in millions of Rupiah, unless otherwise stated)

18. PERPAJAKAN (lanjutan)                                                                                                                18. TAXATION (continued)
     c.   Beban Pajak Penghasilan (lanjutan)                                                                                                      c. Income Tax Expenses (continued)
          Pajak Kini (lanjutan)                                                                                                                             Current Tax (continued)
                                                                                                                   2025                            2024
          Taksiran Penghasilan Kena Pajak Perusahaan                                                                 2.433.863                       9.820.910                                  Estimated Taxable Income of the Company
          Total beban pajak kini                                                                                                                                                                                Current income tax provision
            Beban pajak kini Perusahaan                                                                                535.450                         511.604                                 Current income tax expense - The Company
            Pajak keuntungan modal                                                                                           -                       1.648.997                                                             Capital gain tax
          Total                                                                                                        535.450                       2.160.601                                                                          Total
          Pajak penghasilan dibayar dimuka                                                                                                                                                                           Prepayment of income taxes
            Pajak Penghasilan Pasal 23                                                                                  67.773                          16.666                                                           Income Tax Article 23
            Pajak Penghasilan Pasal 25                                                                                 359.973                         627.490                                                           Income Tax Article 25
          Total                                                                                                        427.746                         644.156                                                                             Total
          Utang pajak penghasilan                                                                                                                                                                                           Income Tax Payable
            Perusahaan                                                                                                 107.704                       1.516.445                                                                  The Company
            Entitas Anak                                                                                               101.821                          71.690                                                                    Subsidiaries
          Total Utang Pajak - Konsolidasian                                                                            209.525                       1.588.135                                                Income Tax Payable - Consolidated


          Pajak Tangguhan                                                                                                                                 Deferred Tax
          Pajak    tangguhan     dihitung  berdasarkan                                                                                                    Deferred tax is calculated using all temporary
          pengaruh dari perbedaan temporer antara                                                                                                         differences between tax bases of assets and
          jumlah tercatat aset dan liabilitas menurut                                                                                                     liabilities and their carrying amounts in the
          laporan keuangan konsolidasian dengan dasar                                                                                                     consolidated financial statements. The details of
          pengenaan pajak aset dan liabilitas. Rincian                                                                                                    deferred tax assets and liabilities are as follows:
          aset dan liabilitas pajak tangguhan sebagai
          berikut:
                                                                                                                                          2025
                                                                                                                                           Diakui di Penghasilan            Dampak Transaksi
                                                                                          Diakui di laba                                    Komprehensif Lain/          Akuisisi Kombinasi Bisnis/
                                                               1 Januari 2025/          rugi/Recognized          Penyesuaian PMK-72/       Recognized in Other             Effect on Acquisition         31 Desember 2025/
                                                               January 1, 2025           in Profit or loss       Adjustment of PMK-       Comprehensive Income           of Business Combination         December 31, 2025
                                                                                                                        72
             Perusahaan                                                                                                                                                                                                                               The Company
               Aset Tetap dan Aset Takberwujud                            777.106                    (17.773)                        -                           -                                   -             759.333      Fixed Assets and Intangible Assets
               Provisi Pelapisan Jalan Tol                               (128.120)                     2.810                         -                           -                                   -            (125.310)                  Provision for Overlay
               Liabilitas Imbalan Kerja                                  (149.046)                    31.079                         -                     (40.744)                                  -            (158.711)          Employee Benefits Liabilities
               Beban Insentif                                            (242.409)                    (7.626)                        -                           -                                   -            (250.035)                    Incentive Expenses
               Penyisihan piutang tak tertagih                             (3.268)                     3.037                         -                              -                                -                (231)        Allowance for doubtful accounts
               Efek Tersedia untuk Dijual                                   1.525                            -                       -                         231                                   -               1.756           Securtities Available for Sale
               Aset Hak Guna                                              12.009                      (1.778)                        -                              -                                -              10.231                     Right-of-use Assets
               Liabilitas Sewa                                            (11.409)                     2.657                         -                              -                                -              (8.752)                       Lease Liabilities
               Subtotal                                                  256.388                      12.406                         -                     (40.513)                                  -             228.281                                Subtotal
             Entitas Anak                                                                                                                                                                                                                              Subsidiaries
               PT Marga Sarana Jabar                                     144.491                       5.993                     -                             -                                -                  150.484                PT Marga Sarana Jabar
               PT Jasamarga Kunciran Cengkareng                           65.438                     (17.576)                    -                             -                                -                   47.862    PT Jasamarga Kunciran Cengkareng
               PT Marga Trans Nusantara                                  136.190                       6.837                     -                             -                                -                  143.027             PT Marga Trans Nusantara
               PT Jasamarga Tollroad Maintenance                          13.776                       6.203                     -                             274                              -                   20.253    PT Jasamarga Tollroad Maintenance
               PT Jasamarga Bali Tol                                     142.065                         328                     -                             -                                -                  142.393                 PT Jasamarga Bali Tol
               PT Jasamarga Kualanamu Tol                                115.930                      31.140                     -                             -                                -                  147.070          PT Jasamarga Kualanamu Tol
               PT Cinere Serpong Jaya                                     28.708                         725                     -                             -                                -                   29.433                PT Cinere Serpong Jaya
               PT Jasamarga Balikpapan Samarinda                         238.556                      37.142                     -                             -                                -                  275.698    PT Jasamarga Balikpapan Samarinda
               PT Jasamarga Manado Bitung                                 76.720                      12.077                     -                             -                                -                   88.797          PT Jasamarga Manado Bitung
               PT Jasamarga Transjawa Tol                               4.007.684                   296.752                      -                             (32)                             -                4.304.404           PT Jasamarga Transjawa Tol
               PT Jasamarga Jogja Bawen                                        18                       109                      -                             -                                -                     127             PT Jasamarga Jogja Bawen
               PT Jasamarga Jogja Solo                                      3.280                     26.299                     -                             -                                -                   29.579               PT Jasamarga Jogja Solo
               PT Jasamarga Tollroad Operator                             (67.529)                    (7.604)                    -                             933                              -                  (74.200)       PT Jasamarga Tollroad Operator
               Subtotal                                                 4.905.327                   398.425                          -                       1.175                                   -           5.304.927                                Subtotal


             Liabilitas Pajak Tangguhan                                 5.229.244                                                                                   0                                            5.607.408                     Deferred Tax Liability
             Aset Pajak Tangguhan                                         (67.529)                                                                                                                                 (74.200)                      Deferred Tax Asset
             Liabilitas (Aset) Pajak Tangguhan Konsolidasian            5.161.715                                                                                                                                5.533.208      Consolidated Deferred Tax Liability


                                                                                                                                          2024                                                                                                            10.867.841
                                                                                                                                           Diakui di Penghasilan            Dampak Transaksi
                                                                                          Diakui di laba                                    Komprehensif Lain/          Akuisisi Kombinasi Bisnis/
                                                               1 Januari 2024/          rugi/Recognized          Penyesuaian PMK-72/       Recognized in Other             Effect on Acquisition         31 Desember 2024/
                                                               January 1, 2024           in Profit or loss       Adjustment of PMK-       Comprehensive Income           of Business Combination         December, 31 2024
             Perusahaan                                                                                                 72
                                                                                                                                                                                                                                                      The Company
               Aset Tetap dan Aset Takberwujud                           765.119                      11.987                         -                              -                                -             777.106      Fixed Assets and Intangible Assets
               Provisi Pelapisan Jalan Tol                               (101.979)                   (26.141)                        -                              -                                -            (128.120)                  Provision for Overlay
               Liabilitas Imbalan Kerja                                  (141.743)                    (4.190)                        -                      (3.113)                                  -            (149.046)          Employee Benefits Liabilities
               Beban Insentif                                            (210.265)                   (32.144)                        -                              -                                -            (242.409)                    Incentive Expenses
               Penyisihan piutang tak tertagih                             (3.382)                       114                         -                              -                                -              (3.268)        Allowance for doubtful accounts
               Efek Tersedia Untuk Dijual                                   1.487                            -                       -                             38                                -               1.525            Securities Available for Sale
               Aset Hak Guna                                              10.880                       1.129                         -                              -                                -              12.009                     Right-of-use Assets
               Liabilitas Sewa                                            (10.315)                    (1.094)                        -                              -                                -             (11.409)                       Lease Liabilities
               Subtotal                                                  309.802                     (50.339)                        -                      (3.075)                                  -             256.388                                Subtotal

             Entitas Anak                                                                                                                                                                                                                              Subsidiaries
               PT Marga Sarana Jabar                                     136.918                       7.573                     -                             -                                -                  144.491                PT Marga Sarana Jabar
               PT Jasamarga Kunciran Cengkareng                           53.936                      11.502                     -                             -                                -                   65.438    PT Jasamarga Kunciran Cengkareng
               PT Marga Trans Nusantara                                  156.993                      12.225                 (33.028)                          -                                -                  136.190             PT Marga Trans Nusantara
               PT Jasamarga Tollroad Maintenance                            7.067                      6.847                     -                            (138)                             -                   13.776    PT Jasamarga Tollroad Maintenance
               PT Jasamarga Bali Tol                                     171.249                         813                 (29.997)                          -                                -                  142.065                 PT Jasamarga Bali Tol
               PT Jasamarga Kualanamu Tol                                 67.888                      48.042                     -                             -                                -                  115.930          PT Jasamarga Kualanamu Tol
               PT Cinere Serpong Jaya                                     24.007                       4.701                     -                             -                                -                   28.708                PT Cinere Serpong Jaya
               PT Jasamarga Balikpapan Samarinda                         276.633                      36.053                 (74.130)                          -                                -                  238.556    PT Jasamarga Balikpapan Samarinda
               PT Jasamarga Manado Bitung                                110.339                      13.325                 (46.944)                          -                                -                   76.720          PT Jasamarga Manado Bitung
               PT Jasamarga Transjawa Tol                               4.399.150                  (281.921)                (414.403)                      (52.770)                         357.628              4.007.684           PT Jasamarga Transjawa Tol
               PT Jasamarga Jogja Bawen                                       172                      (154)                     -                             -                                -                      18             PT Jasamarga Jogja Bawen
               PT Jasamarga Jogja Solo                                           (15)                  3.295                     -                             -                                -                    3.280               PT Jasamarga Jogja Solo
               PT Jasamarga Tollroad Operator                             (62.863)                   (17.820)                    -                          13.154                              -                  (67.529)       PT Jasamarga Tollroad Operator
               Subtotal                                                 5.341.474                  (155.519)                (598.502)                      (39.754)                         357.628              4.905.327                                Subtotal


             Liabilitas Pajak Tangguhan                                 5.714.154                                                                                                                                5.229.244                     Deferred Tax Liability
             Aset Pajak Tangguhan                                         (62.878)                                                                                                                                 (67.529)                     Deferred Tax Asset
             Liabilitas (Aset) Pajak Tangguhan Konsolidasian            5.651.276                                                                                                                                5.161.715      Consolidated Deferred Tax Liability




                                                                                                                         103
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PT JASA MARGA (PERSERO) Tbk                                                                  PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                        AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                               For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                   As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                      (Expressed in millions of Rupiah, unless otherwise stated)

18. PERPAJAKAN (lanjutan)                                                 18. TAXATION (continued)
      d.   Administrasi Pajak                                                d.    Tax Administration

           Berdasarkan peraturan perpajakan Indonesia,                               Based on Indonesian tax regulations, the
           Perusahaan menyampaikan surat pemberitahuan                               Company submits its own notification letter on
           sendiri atas jumlah pajak yang terutang.                                  the amount of tax owed. The Directorate
           Direktorat Jenderal Pajak dapat menetapkan dan                            General of Taxes may determine and amend
           mengubah kewajiban pajak dalam batas waktu 5                              tax obligations within a period of 5 (five) years
           (lima) tahun setelah tanggal pajak terutang.                              after the date of tax payable.


19.   UTANG USAHA                                                         19. ACCOUNTS PAYABLE

       Akun ini merupakan utang kepada pemasok terkait                       This account represents payables to suppliers
       dengan pengadaan barang cetakan, pakaian                              related to the procurement of printing goods, office
       dinas, alat tulis kantor, obat-obatan, dan utang                      stationery, medicine, uniform, and toll road
       usaha atas jasa pemeliharaan dan pembersihan                          maintenance and cleaning services.
       jalan tol.

                                                           2025               2024
       Pihak Berelasi (Catatan 43)                                2.831              5.748                        Related Parties (Note 43)
       Pihak Ketiga                                                                                                            Third Parties
         PT Sahid Unggul Mandiri                               4.098                4.207                       PT Sahid Unggul Mandiri
         PT Armada Antar Lintas Nusa                           3.978               14.947                   PT Armada Antar Lintas Nusa
         UPTD Tahura Bukit Soeharto                            3.850                    -                   UPTD Tahura Bukit Soeharto
         CV Sinar Terang Abadi                                 3.379                2.447                         CV Sinar Terang Abadi
         PT Citra Persada Infrastruktur                        2.701                    -                   PT Citra Persada Infrastruktur
         PT Tirtobumi Adyatunggal                              1.694                6.159                      PT Tirtobumi Adyatunggal
         PT Megah Gelora Utama                                    58                4.594                       PT Megah Gelora Utama
         PT Lintas Cakra Cipta                                    49                2.011                          PT Lintas Cakra Cipta
         PT Resqtec Indonesia                                     40                3.269                          PT Resqtec Indonesia
         PT Sarana Seja Ibadah                                     -               12.394                         PT Sarana Seja Ibadah
         PT Sarana Bangun Pusaka                                   -                3.226                     PT Sarana Bangun Pusaka
         PT Soga Teknik Utama                                      -                2.949                         PT Soga Teknik Utama
         CV Adistira                                               -                2.164                                     CV Adistira
         Lain-lain (di bawah Rp2.000)                         49.258               87.163                        Others (below Rp2,000)
       Subtotal                                               69.105              145.530                                          Subtotal
       Total                                                  71.936              151.278                                              Total


      Seluruh utang usaha terdenominasi dalam mata                           All account payables are denominated in Rupiah.
      uang Rupiah.




                                                                  104
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PT JASA MARGA (PERSERO) Tbk                                                            PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                            For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                   (Expressed in millions of Rupiah, unless otherwise stated)

20. UTANG KONTRAKTOR                                                    20. CONTRACTOR PAYABLE

      Akun ini merupakan utang kepada kontraktor,                          This account represents payables to contractors,
      konsultan dan rekanan sehubungan dengan                              consultants and partners associated with the
      pembangunan jalan, pelapisan ulang, pengadaan                        construction of roads, overlay and procurement of
      fasilitas tol, dan bangunan lain.                                    toll facilities, and other buildings.

      Utang Kontraktor Jangka Pendek                                       Short-Term Contractor Payables

                                                           2025           2024
      Pihak Berelasi (Catatan 43)                             94.068        100.733                             Related Parties (Note 43)
      Pihak Ketiga                                                                                                           Third Parties
        JO Adhi-JMTM Konstruksi                               52.427               -                         JO Adhi JMTM Konstruksi
        PT Multi Karya Cemerlang                              27.678          6.504                         PT Multi Karya Cemerlang
        PT Marga Maju Mapan                                   25.500         35.006                             PT Marga Maju Mapan
        PT Roadmixindo Raya                                   23.397        111.860                              PT Roadmixindo Raya
        PT Gienda Putra                                       17.687         27.956                                    PT Gienda Putra
        PT Multi Bangun Indonesia                             10.197               -                        PT Multi Bangun Indonesia
        PT Tirtobumi Adyatunggal                               9.938          6.721                          PT Tirtobumi Adyatunggal
        PT Sinabung                                            5.890          4.136                                        PT Sinabung
        PT Module Intracs Yasatama                             5.067          5.189                       PT Module Intracs Yasatama
        PT Karya Palmalindo Anugerah                           5.003          2.041                     PT Karya Palmalindo Anugerah
        PT Aston Prima Raya                                    4.992          1.852                               PT Aston Prima Raya
        PT Evic Mora Sugih                                     4.800          2.308                                 PT Evic Mora Sugih
        PT Dirgantara Yudha Artha                              4.416         13.664                         PT Dirgantara Yudha Artha
        PT Globe Anugrah Persada                               4.128               -                       PT Globe Anugrah Persada
        PT Tyvas Prast Adhigana                                3.548          8.847                           PT Tyvas Prast Adhigana
        Bangun Maju Berkah                                     3.297               -                               Bangun Maju Berkah
        PT Dipori Persada Raya                                 3.190               -                           PT Dipori Persada Raya
        PT Sinergi Prima Inti                                  3.159          1.349                                PT Sinergi Prima Inti
        PT Cipta Marga Prakasa                                 3.064               -                          PT Cipta Marga Prakasa
        CV Inti Karya Utama                                    2.999               -                               CV Inti Karya Utama
        PT Qinar Raya Mandiri                                  2.713          1.309                             PT Qinar Raya Mandiri
        PT Trimurti Perkasa                                    2.275          3.191                                 PT Trimurti Perkasa
        PT Sarana Dian Persada                                 2.227               -                          PT Sarana Dian Persada
        PT Nusantara Artha Persada                             2.128               -                      PT Nusantara Artha Persada
        PT Astra Infra Solution                                2.115               -                             PT Astra Infra Solution
        PT Simaka                                              2.076          1.078                                          PT Simaka
        PT Network Global Solusindo                            1.776          4.174                      PT Network Global Solusindo
        KSO PT Puja Perkasa - PT Kadi International            1.756          2.593         KSO PT Puja Perkasa - PT Kadi International
        PT Delameta Bilano                                     1.711          5.904                                PT Delameta Bilano
        PT Modern Widya Tehnical                                 809          3.912                        PT Modern Widya Tehnical
        PT Sarma Raya Cipta                                      757          2.585                               PT Sarma Raya Cipta
        PT Eskapindo Matra                                        34          2.795                                PT Eskapindo Matra
        KSO HKI - ACSET - NK                                        -        67.650                             KSO HKI - ACSET - NK
        Lain - lain (di bawah Rp2.000)                        68.118         71.004                            Others (Below Rp2,000)
      Subtotal                                               308.872        393.628                                               Subtotal
      Total                                                  402.940        494.361                                                  Total


      Utang Kontraktor Jangka Panjang                                      Long-Term Contractors Payables
                                                           2025           2024
      Pihak Berelasi (Catatan 43)                            551.544         785.561                           Related Parties (Note 43)
      Pihak Ketiga                                                                                                         Third Parties
        JO Adhi-JMTM Konstruksi                               226.074              -                        JO Adhi-JMTM Konstruksi
        KSO Waskita - Acset                                   155.341              -                             KSO Waskita - Acset
        KSO WIKA - PP - KMK - HKI                             117.886              -                       KSO WIKA - PP - KMK - HKI
        KSO Adhi Karya - Acset                                 98.040         51.289                          KSO Adhi Karya - Acset
        KSO ADHI - ABIPRAYA - MKN                              91.078         54.672                     KSO ADHI - ABIPRAYA - MKN
        KSO HKI - ACSET - NK                                   76.938         44.836                           KSO HKI - ACSET - NK
        PT Dayamulia Turangga                                  37.900         25.625                          PT Dayamulia Turangga
        KSO NKE - CCECC                                        18.554              -                              KSO NKE - CCECC
        PT Purnarajasa Bimapratama                                  -          3.830                      PT Purnarajasa Bimapratama
        Lain - lain (di bawah Rp2.000)                          1.975          1.615                          Others (Below Rp2,000)
      Total                                                 1.375.330        967.428                                               Total


      Seluruh utang kontraktor terdenominasi dalam                         All contractor payables are denominated in Rupiah.
      mata uang Rupiah.



                                                                  105
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PT JASA MARGA (PERSERO) Tbk                                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                  For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                      As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                         (Expressed in millions of Rupiah, unless otherwise stated)

21. LIABILITAS KEUANGAN JANGKA PENDEK                                         21. OTHER CURRENT FINANCIAL LIABILITIES
    LAINNYA
      Akun ini terdiri dari:                                                     This account consists of:
                                                           2025                   2024

      Pihak Berelasi (Catatan 43)                                                                                     Related Parties (Note 43)
        Utang titipan                                             48.480             52.923                                  Deposit payable
      Pihak Ketiga                                                                                                                 Third Parties
        Utang pencadangan                                                                                                       Provisions for
          Multi Lane Free Flow (MLFF)                         401.004               421.353                   Multi Lane Free Flow (MLFF)
        Utang titipan                                         175.244               229.313                                  Deposit payable
        Utang Dividen Pemegang saham Minoritas                175.000                    50            Minority shareholder Dividend Payable
        Utang jaminan pihak lain                               19.204                27.534                               Guarantee payable
        Lainnya (di bawah Rp2.000)                            245.813               236.850                           Others (below Rp2,000)
      Total                                                 1.064.745               968.023                                               Total


22. BEBAN AKRUAL                                                              22. ACCRUED EXPENSES
      Akun ini terdiri dari:                                                     This account consists of:
                                                           2025                   2024
      Beban kontraktor dan konsultan:                                                                      Contractors and consultant expense:
        Pihak Berelasi (Catatan 43)                         4.146.106              3.641.318                       Related Parties (Note 43)
        Pihak Ketiga                                        2.109.229              5.033.262                                     Third Parties
      Beban umum dan administrasi:                                                                       General and administrative expenses:
        Pihak Ketiga                                        1.896.911              1.608.531                                     Third Parties
      Akrual insentif kinerja                               1.072.965                984.702                     Performance incentive accrual
      Utang investasi ke Pemerintah                                                                             Goverment's invesment liability
        Pihak Berelasi (Catatan 43)                          712.202                 700.630                       Related Parties (Note 43)
      Beban bunga:                                                                                                           Interest expenses:
        Pihak Berelasi (Catatan 43)                                                                                Related Parties (Note 43)
          Utang bank                                          28.195                      5.605                                 Bank loans
        Pihak Ketiga                                                                                                             Third Parties
          Utang bank sindikasi                                69.390                     99.572                      Syndicated bank loan
          Utang obligasi                                       8.175                     21.054                             Bonds payable
          Utang bagi hasil                                                                                         Profit Sharing Liabilites
             PT Bank Maybank Indonesia Tbk                        6.992                       -         PT Bank Maybank Indonesia Tbk
             PT Bank CIMB Niaga Tbk                                 684                       -               PT Bank CIMB Niaga Tbk
          Utang bank                                                                                                            Bank loans
             PT Bank Central Asia Tbk                           9.775                    419                  PT Bank Central Asia Tbk
             PT Bank Permata Tbk                                1.813                      -                      PT Bank Permata Tbk
             PT Bank Maybank Indonesia Tbk                         30                     85            PT Bank Maybank Indonesia Tbk
             PT Bank Danamon Indonesia Tbk                          -                    612            PT Bank Danamon Indonesia Tbk
      Lain-lain                                                17.223                  8.141                                              Others
      Total                                                10.079.690             12.103.931                                               Total
      Dikurangi bagian lancar                               9.367.488             11.403.302                               Net of current portion
      Bagian tidak lancar                                     712.202                700.629                              Non - current portion


23. UTANG BANK                                                                23. BANK LOANS
      Utang Bank Jangka Pendek:                                                  Short-Term Bank Loans:
                                                           2025                   2024
      Pihak Berelasi (Catatan 43)                                         -                   -                     Related Parties (Note 43)
      Pihak Ketiga                                                                                                              Third Parties
        PT Bank Maybank Indonesia Tbk                             57.559             101.200                PT Bank Maybank Indonesia Tbk
        PT Bank Central Asia Tbk                                       -             529.668                      PT Bank Central Asia Tbk
      Total                                                       57.559             630.868                                            Total

      Berdasarkan addendum Perjanjian Kredit No. 55                              Based on the addendum to Credit Agreement No.
      tanggal 21 Oktober 2025, JJB dan PT Bank Central                           55 dated October 21, 2025, JJB and PT Bank
      Asia Tbk menyepakati perubahan ketentuan fasilitas                         Central Asia Tbk agreed on changes to the credit
      kredit, termasuk perubahan klasifikasi pinjaman dari                       facility terms, including the reclassification of the
      jangka pendek menjadi jangka panjang. Sehubungan                           loan from short-term to long-term. In connection with
      dengan perubahan tersebut, saldo pinjaman yang                             this change, the loan balance previously presented
      sebelumnya disajikan sebagai utang bank jangka                             as a short-term bank debt was reclassified as long-
      pendek direklasifikasi menjadi utang bank jangka                           term bank debt as of December 31, 2025.
      panjang pada tanggal 31 Desember 2025.
      Informasi lain mengenai pinjaman bank pada                                 Other information related to bank loans as at
      tanggal 31 Desember 2025 adalah sebagai berikut:                           December 31, 2025 is as follows:

                                                                   106
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PT JASA MARGA (PERSERO) Tbk                                                                                                                 PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                     FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                                                           For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                                               As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                  (Expressed in millions of Rupiah, unless otherwise stated)

23. UTANG BANK (lanjutan)                                                                                      23. BANK LOANS (continued)
      Utang Bank Jangka Pendek (lanjutan):                                                                             Short-Term Bank Loans (continued):
                                                                     Jumlah           Tanggal Jatuh          Suku Bunga
                                                                    Fasilitas       Tempo Perjanjian         Per Tahun/
                                                                    Terutang/             Kredit/             Interest                                                                 Interest
                  Kreditur/               Nama Fasilitas/         Outstanding       Maturity Date Of            rate                      Agunan/                    Pelunasan/       Coverage      Debt to Equity
                  Creditor                 Facility Type         Facility Amount    Credit Agreement         per annum                   Collateral                 Acquittance       Ratio (ICR)    Ratio (DER)
      Perusahaan/The Company
      1.  PT Bank Maybank                PPB Musyarakah iB/                   -    30 September 2026/          6,45%       -                                          3.000.000   Minimal           -
          Indonesia Tbk ("Maybank") *)   PPB Musyarakah iB                         Septemb er 30, 2026                                                                            110% / 1.1/
      2.  PT Bank Negara Indonesia       Kredit Modal Kerja IV                -    22 Agustus 2026/            5,80%       -                                            400.000   Minimum           Maksimal 5
          (Persero) Tbk ("BNI")          (KMK)/                                    August 22, 2026                                                                                110%/ 1.1         (lima) kali /
                                         Working Capital                                                                                                                                            500%/
                                         Credit IV (KMK)                                                                                                                                            Maximum 5
                                                                                                                                                                                                    (five) times/

      Entitas Anak/ Subsidiaries - PT Jasamarga Jogja Bawen
      Pinjaman Dana Talangan Tanah/ Land Bailout Loans
      1.   PT Bank Central Asia Tbk       Kredit Jangka                       -    01 September 2025/          7,25%       -                                                  -   -                 Maksimal 70%
           ("BCA")                        Pendek/                                  Septemb er 01, 2025                                                                                              dari Project
                                          Short Term Credit                                                                                                                                         Cost /
                                                                                                                                                                                                    Maximum 70%
                                                                                                                                                                                                    of Project Cost
      2.    PT Bank Maybank Indonesia                                    12.247    21 Juni 2026/               7,00%       -                                             31.728   -                 -
            Tbk ("Maybank")                                                        June 21, 2026



      Entitas Anak/ Subsidiaries - PT Jasamarga Jogja Solo
      Pinjaman Dana Talangan Tanah/ Land Bailout Loan
      1.   PT Bank Maybank                Kredit Jangka                  45.312    17 Mei 2026/                6,80%       1. Diikat secara fidusia atas tagihan         18.683   -                 -
           Indonesia Tbk ("Maybank")      Pendek/                                  May 17, 2026                            milik nasabah terkait pengembalian
                                          Short Term Credit                                                                dana talangan tanah yang wajib
                                                                                                                           dibayarkan Pemerintah dan/atau BLU
                                                                                                                           LMAN dan/atau Instansi yang
                                                                                                                           berwenang dengan nilai jaminan
                                                                                                                           sebesar Rp81.600/ Fiduciarily b ound
                                                                                                                           to the customer's b ill related to the
                                                                                                                           return of land advance funds that
                                                                                                                           must b e paid b y the Government
                                                                                                                           and/or BLU LMAN and/or authorized
                                                                                                                           agencies with a collateral value of Rp
                                                                                                                           81,600
                                                                                                                           2. Diikat secara gadai dan surat
                                                                                                                           kuasa atas rekening penampungan
                                                                                                                           dan rekening nasabah/ Bound b y
                                                                                                                           pledge and power of attorney over the
                                                                                                                           escrow account and customer
                                                                                                                           account
      Tot                                                                57.559                                                                                       3.450.411


     *) Pada tanggal 18 September 2025, perusahaan                                                                        *) On September 18, 2025, the Company
        melakukan pencairan fasilitas pinjaman PT Bank                                                                       disbursed a loan facility from PT Bank
        Maybank Indonesia Tbk sebesar Rp3.000.000                                                                            Maybank Indonesia Tbk amounting to
        kemudian dilakukan pelunasan kembali pada                                                                            Rp3,000,000 and then made repayment on
        tanggal 29 September 2025.                                                                                           September 29, 2025.
      Utang Bank Jangka Panjang:                                                                                       Long–Term Bank Loans:
                                                                                         2025                             2024
      Bagian jatuh tempo dalam satu tahun -                                                                                                                            Current maturities of -
        utang bank jangka panjang                                                                                                                                      long-term bank loan
      Pihak Berelasi (Catatan 43)                                                          3.052.004                        2.642.602                                Related Parties (Note 43)
      Pihak Ketiga                                                                                                                                                               Third Parties
        PT Bank Central Asia Tbk                                                              449.040                       2.076.877                              PT Bank Central Asia Tbk
        PT Bank CIMB Niaga Tbk                                                                 35.000                          30.000                              PT Bank CIMB Niaga Tbk
        PT Bank Pembangunan Daerah                                                                                                                           PT Bank Pembangunan Daerah
          Sumatera Utara                                                                          27.104                         18.972                                   Sumatera Utara
        PT Bank Pembangunan Daerah Bali                                                           14.030                         11.825                  PT Bank Pembangunan Daerah Bali
        PT Bank ICBC Indonesia                                                                     9.672                         16.769                             PT Bank ICBC Indonesia
        PT Bank Danamon Indonesia Tbk                                                              9.460                          5.699                    PT Bank Danamon Indonesia Tbk
        PT Bank Pembangunan Daerah Riau                                                            6.752                          4.940                 PT Bank Pembangunan Daerah Riau
        PT Bank Pembangunan Daerah                                                                                                                           PT Bank Pembangunan Daerah
          Sulawesi Selatan dan Sulawesi Barat                                                      6.752                          4.940               Sulawesi Selatan dan Sulawesi Barat
        PT Bank KEB Hana Indonesia                                                                 5.851                          3.738                        PT Bank KEB Hana Indonesia
        PT Bank Permata Tbk                                                                        4.526                          5.272                                PT Bank Permata Tbk
        PT Bank Pembangunan Daerah Jawa Tengah                                                     2.532                          1.853          PT Bank Pembangunan Daerah Jawa Tengah
        PT Bank Mega Tbk                                                                               -                         24.238                                  PT Bank Mega Tbk
        PT Bank Pembangunan Daerah                                                                                                                           PT Bank Pembangunan Daerah
          Jawa Timur Tbk                                                                                 -                       12.111                                   Jawa Timur Tbk
        PT Bank Pembangunan Daerah Papua                                                                 -                        8.474                PT Bank Pembangunan Daerah Papua
        PT Bank Muamalat Indonesia Tbk                                                                   -                        7.274                    PT Bank Muamalat Indonesia Tbk
        PT Bank Pembangunan Daerah Kalimantan                                                                                                     PT Bank Pembangunan Daerah Kalimantan
          Selatan                                                                                   -                           4.854                                             Selatan
        PT Bank Jabar Banten Syariah                                                                -                           2.419                         PT Bank Jabar Banten Syariah
        Subtotal                                                                              570.719                       2.240.255                                              Subtotal
      Total Bagian Jatuh Tempo dalam Satu Tahun -                                                                                                         Total Current Maturities of Long
        Utang Bank Jangka Panjang                                                          3.622.723                        4.882.857                                   Term Bank Loans




                                                                                                   107
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PT JASA MARGA (PERSERO) Tbk                                                                 PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                            For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                   (Expressed in millions of Rupiah, unless otherwise stated)

23. UTANG BANK (lanjutan)                                               23. BANK LOANS (continued)

      Utang Bank Jangka Panjang (lanjutan):                                Long–Term Bank Loans (continued):

                                                           2025             2024
      Bagian jangka panjang setelah dikurangi                                                          Long-term portion - net off current
        bagian yang jatuh tempo dalam satu tahun                                                                              maturities
      Pihak Berelasi (Catatan 43)                          41.675.888       36.754.564                           Related Parties (Note 43)
      Pihak Ketiga                                                                                                            Third Parties
        PT Bank Central Asia Tbk                           19.162.297       13.624.275                         PT Bank Central Asia Tbk
        PT Bank CIMB Niaga Tbk                              1.356.322          656.322                         PT Bank CIMB Niaga Tbk
        PT Bank Danamon Indonesia Tbk                       1.114.041        1.123.501                  PT Bank Danamon Indonesia Tbk
        PT Bank Permata Tbk                                 1.000.000                -                             PT Bank Permata Tbk
        PT Bank Maybank Indonesia Tbk                         900.000                -                  PT Bank Maybank Indonesia Tbk
        PT Bank Pembangunan Daerah Papua                      541.190          632.699             PT Bank Pembangunan Daerah Papua
        PT Bank Jakarta                                       526.807          336.976                                   PT Bank Jakarta
        PT Bank Pembangunan Daerah                                                                       PT Bank Pembangunan Daerah
          Jawa Timur Tbk                                      519.720          710.069                                 Jawa Timur Tbk
        PT Bank Pembangunan Daerah Jawa Barat                                                  PT Bank Pembangunan Daerah Jawa Barat
          dan Banten Tbk                                      418.350          265.516                                 dan Banten Tbk
        PT Bank Pembangunan Daerah                                                                       PT Bank Pembangunan Daerah
           Sumatera Selatan dan Bangka Belitung               230.085          170.411          Sumatera Selatan dan Bangka Belitung
        PT Bank Pembangunan Daerah Jawa Tengah                213.235          174.710       PT Bank Pembangunan Daerah Jawa Tengah
        PT Bank ICBC Indonesia                                209.834          585.863                          PT Bank ICBC Indonesia
        PT Bank Pembangunan Daerah Bali                       184.425          126.463               PT Bank Pembangunan Daerah Bali
        PT Bank Pembangunan Daerah                                                                       PT Bank Pembangunan Daerah
          Kalimantan Barat                                    173.519              84.214                            Kalimantan Barat
        PT Bank Pembangunan Daerah                                                                       PT Bank Pembangunan Daerah
          Sumatera Utara                                      164.023          191.122                                 Sumatera Utara
        PT Bank Pembangunan Daerah Istimewa                                                      PT Bank Pembangunan Daerah Istimewa
          Yogyakarta                                          158.304          117.247                                     Yogyakarta
        PT Bank KEB Hana Indonesia                            153.833          159.846                     PT Bank KEB Hana Indonesia
        PT Bank Pembangunan Daerah Riau                       146.477          153.229               PT Bank Pembangunan Daerah Riau
        PT Bank Pembangunan Daerah                                                                       PT Bank Pembangunan Daerah
          Sulawesi Selatan dan Sulawesi Barat                 146.477          153.229            Sulawesi Selatan dan Sulawesi Barat
        PTPTBank Pembangunan
              Bank Pembangunan  Daerah
                                  Daerah Maluku dan                                                      PT Bank Pembangunan Daerah
          Maluku Utara                                        138.679           67.275                      Maluku dan Maluku Utara
        PT Bank BCA Syariah                                    72.520           55.434                            PT Bank BCA Syariah
        PT Bank Mega Tbk                                            -          916.214                                PT Bank Mega Tbk
        PT Bank Muamalat Indonesia Tbk                              -          274.928                 PT Bank Muamalat Indonesia Tbk
        PT Bank Pembangunan Daerah                                                                       PT Bank Pembangunan Daerah
          Kalimantan Selatan                                        -          183.499                             Kalimantan Selatan
        PT Bank Jabar Banten Syariah                                -           91.430                    PT Bank Jabar Banten Syariah
        Subtotal                                           27.530.138       20.854.472                                          Subtotal
      Total bagian jangka panjang setelah dikurangi                                                                   Long-term portion -
          bagian yang jatuh tempo dalam satu tahun         69.206.026       57.609.036                        net off current maturities
          Biaya belum diamortisasi                          (405.158)        (430.620)                               Unamortized cost
      Total Utang Bank Jangka Panjang                      68.800.868       57.178.416                      Total Long-Term Bank Loans


      Informasi lain mengenai pinjaman bank pada                           Other information related to bank loans as at
      tanggal 31 Desember 2025 sebagai berikut:                            December 31, 2025 is as follows:




                                                                  108
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PT JASA MARGA (PERSERO) Tbk                                                                                                                                  PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                                                        AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                                      FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                                                                        For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                                                            As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                               (Expressed in millions of Rupiah, unless otherwise stated)

23. UTANG BANK (lanjutan)                                                                                                       23. BANK LOANS (continued)
          Utang Bank Jangka Panjang (lanjutan):                                                                                       Long–Term Bank Loans (continued):
                                                                          Jumlah Fasilitas Terutang/
                                                                                          Porsi jangka
                                                                                        panjang setelah
                                                                                         dikurangi satu
                                                                       Jatuh tempo          Tahun/                  Tanggal Jatuh
                                                                        dalam satu         Long-term               Tempo Perjanjian    Suku Bunga
                                                                          tahun/        portion - net off               Kredit/         Per Tahun/                                                          Interest
                          Kreditur/                 Nama Fasilitas/      Current            current                Maturity Date Of    Interest rate               Agunan/             Pelunasan/          Coverage            Debt to Equity
                          Creditor                   Facility Type      maturities         maturities              Credit Agreement     per annum                 Collateral           Acquittance        Ratio (ICR)           Ratio (DER)

          Perusahaan/The Company
          Perjanjian Pinjaman Bank/ Bank Loan Agreements
          1. PT Bank CIMB Niaga Tbk       PMK iB Musyarakah/                          -            275.000       31 Juli 2027/            5,90%         -                                    570.000     Minimal 110%      Maksimal 5 (lima)
              ("CIMB")                    PMK iB Musyarakah                                                      July 31, 2027                                                                           / 1.1/            kali / 500%/
          2. PT Bank CIMB Niaga Tbk                                                   -            460.000       31 Juli 2027/            5,40%         -                                            -   Minimum           Maximum 5
              ("CIMB")                                                                                           July 31, 2027                                                                           110%/ 1.1         (Five) times/
          3. PT Bank Mandiri (Persero)    Term Loan/                                  -                     -    19 Desember 2027/        6,40%         -                                  1.930.000                       500%
              Tbk ("Mandiri")             Term Loan                                                              December 19, 2027
          4. PT Bank Negara Indonesia     Kredit Modal Kerja I                        -            350.000       22 Agustus 2027/         5,80%         -                                            -
              (Persero) Tbk ("BNI")       (KMK)/                                                                 August 22, 2027
              PT Bank Negara Indonesia    Working Capital Credit                      -            350.000       22 Agustus 2027/         5,80%         -                                    200.000
              (Persero) Tbk ("BNI")       I (KMK)                                                                August 22, 2027
          5. PT Bank Syariah Indonesia    Musyarakah/                                 -            300.000       14 Oktober 2027/         5,10%         -                                    400.000
              Tbk ("BSI")                 Musyarakah                                                             October 14, 2027
          6. PT Bank Maybank Tbk          PPB Musyarakah iB/                          -            550.000       21 Desember 2028/        5,80%         -                                            -
              ("Maybank")                 PPB Musyarakah iB                                                      December 21, 2028
          7. PT Bank Maybank Tbk                                                      -            350.000       21 Desember 2028/        5,80%         -                                            -
              ("Maybank")                                                                                        December 21, 2028
          8. PT Bank Permata Tbk          Musyarakah/                                 -          1.000.000       30 Oktober 2028/         5,93%         -                                            -
              ("Permata")                 Musyarakah                                                             October 30, 2028
          9. PT Bank Shinhan Indonesia    Demand Loan                                 -                     -    24 September 2027/       6,35%         -                                    200.000
              ("Shinhan")                                                                                        September 24, 2027

          Entitas Anak/ Subsidiaries - PT Marga Trans Nusantara
          Perjanjian Pinjaman Bank/ Bank Loan Agreement
          1. PT Bank Central Asia Tbk       Kredit Investasi/                   5.287            2.553.825       23 Oktober 2037/         6,75%         Hak Pengusahaan Jalan Tol            264.120     Minimal lebih     Maksimal 70:30
               ("BCA")                      Investment Credit                                                    October 23, 2037                       (HPJT) selama masa konsesi                       dari 100% / 1     antara porsi
                                                                                                                                                        (Catatan 13)/ Toll Road                          kali/ Minimum     kreditur dan
                                                                                                                                                        Concession Rights (HPJT)                         more than         debitur/
                                                                                                                                                        during the concession period                     100% / 1 time     Maximum 70:30
                                                                                                                                                        (Note 13)                                                          between the
                                                                                                                                                                                                                           portion of
                                                                                                                                                                                                                           creditors and
                                                                                                                                                                                                                           debitors

          Entitas Anak/ Subsidiaries - PT Jasamarga Jogja Bawen
          Perjanjian Pinjaman Bank/ Bank Loan Agreements
          1.     PT Bank Mandiri (Persero)       Kredit Investasi/                    -          4.185.226       19 Desember 2027/        7,00%         Hak Pengusahaan Jalan Tol                    -   Minimal lebih     Maksimal 5 (lima)
                 Tbk ("Mandiri")                 Investment Credit                                               December 19, 2027                      (HPJT) selama masa konsesi                       dari 100% / 1     kali / 500%/
                                                                                                                                                        (Catatan 13)/ Toll Road                          kali/ Minimum     Maximum 5
          2.     PT Bank Central Asia Tbk        Kredit Investasi/                    -            700.000       28 Februari 2027/        7,00%         Concession Rights (HPJT)                     -   more than         (Five) times/
                 ("BCA")                         Investment Credit                                               February 28, 2027                      during the concession period                     100% / 1 time     500%
                                                                                                                                                        (Note 13)

          Entitas Anak/ Subsidiaries - PT Jasamarga Transjawa Tol
          Perjanjian Pinjaman Bank PT JSM/ Bank Loan Agreement of PT JSM
          1.     PT Bank Central Asia Tbk        Kredit Investasi/            204.503            3.129.967       13 Oktober 2033/         6,75%         Hak Pengusahaan Jalan Tol            272.583     Minimal lebih     Maksimal 2,2
                 ("BCA")                         Investment Credit                                               October 13, 2033                       (HPJT) selama masa konsesi                       dari 100% / 1     (dua koma dua)
                                                                                                                                                        (Catatan 13)/ Toll Road                          kali/ Minimum     kali / 220%/
                                                                                                                                                        Concession Rights (HPJT)                         more than         Maximum 2.2
                                                                                                                                                        during the concession period                     100% / 1 time     (two point two)
                                                                                                                                                        (Note 13)                                                          times / 220%

          Perjanjian Pinjaman Bank PT JGP/ Bank Loan Agreement of PT JGP
          1.     PT Bank Mandiri (Persero)       Kredit Investasi/            131.406            1.957.944       24 Agustus 2032/         6,65%         Hak Pengusahaan Jalan Tol            183.968     Minimal lebih     Maksimal 70:30
                 Tbk ("Mandiri")                 Investment Credit                                               August 24, 2032                        (HPJT) selama masa konsesi                       dari 100% / 1     antara porsi
                                                                                                                                                        (Catatan 13)/ Toll Road                          kali sejak        kreditur dan
                                                                                                                                                        Concession Rights (HPJT)                         tahun ke 4        debitur/
                                                                                                                                                        during the concession period                     setelah ruas      Maximum 70:30
                                                                                                                                                        (Note 13)                                        tol beroperasi/   between the
                                                                                                                                                                                                         At least more     portion of
                                                                                                                                                                                                         than 100% / 1     creditors and
                                                                                                                                                                                                         time since the    debitors
                                                                                                                                                                                                         4th year after
                                                                                                                                                                                                         the toll road
                                                                                                                                                                                                         section is
                                                                                                                                                                                                         operational
                                                                             341.196           16.161.962                                                                                  4.020.671




                                                                         Jumlah Fasilitas Terutang/
                                                                                         Porsi jangka
                                                                                       panjang setelah
                                                                                        dikurangi satu
                                                                      Jatuh tempo          Tahun/                  Tanggal Jatuh
                                                                       dalam satu         Long-term               Tempo Perjanjian    Suku Bunga
                                                                         tahun/        portion - net off               Kredit/         Per Tahun/                                                        Debt Service
                       Kreditur/                  Nama Fasilitas/       Current            current                Maturity Date Of    Interest rate               Agunan/              Pelunasan/         Coverage             Debt to Equity
                       Creditor                    Facility Type       maturities         maturities              Credit Agreement     per annum                 Collateral            Acquittance       Ratio (DSCR)           Ratio (DER)

     Entitas Anak/ Subsidiaries - PT Marga Sarana Jabar
     Perjanjian Pinjaman Sindikasi/ Syndicated Loan Agreement
     1.        PT Bank Rakyat Indonesia        Kredit Investasi/              5.046              353.942        30 Desember 2035/        6,75%         Pendapatan Tol dan                   137.523      Minimal lebih     -
               (Persero) Tbk ("BRI")           Investment Credit                                                December 30, 2035                      Pendapatan Usaha Lainnya                          dari 100% / 1
     2.        PT Sarana Multi Infrastruktur                                  5.046              353.942                                               Selama Masa Konsesi (Catatan         137.523      kali/ Minimum
               (Persero) ("SMI")                                                                                                                       37)/ Toll Revenues and Other                      more than
                                                                                                                                                       Business Revenues During the                      100% / 1 time
                                                                                                                                                       Concession Period (Note 37)
     Perjanjian Pinjaman Bank/ Bank Loan Agreement
     1. PT Bank Danamon              Pembiayaan Bilateral/                    9.460            1.114.041        1 April 2035/            6,25%                                                5.699                        -
          Indonesia Tbk ("Danamon")  Bilateral Financing                                                        April 1, 2035




                                                                                                                    109
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PT JASA MARGA (PERSERO) Tbk                                                                                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                         FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                                                           For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                                               As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                  (Expressed in millions of Rupiah, unless otherwise stated)

23. UTANG BANK (lanjutan)                                                                                              23. BANK LOANS (continued)

      Utang Bank Jangka Panjang (lanjutan):                                                                               Long–Term Bank Loans (continued):
                                                                    Jumlah Fasilitas Terutang/
                                                                                    Porsi jangka
                                                                                  panjang setelah
                                                                                   dikurangi satu
                                                                 Jatuh tempo          Tahun/            Tanggal Jatuh
                                                                  dalam satu         Long-term         Tempo Perjanjian   Suku Bunga
                                                                    tahun/        portion - net off         Kredit/        Per Tahun/                                                       Debt Service
                   Kreditur/                  Nama Fasilitas/      Current            current          Maturity Date Of   Interest rate               Agunan/                Pelunasan/      Coverage        Debt to Equity
                   Creditor                    Facility Type      maturities         maturities        Credit Agreement    per annum                 Collateral              Acquittance    Ratio (DSCR)      Ratio (DER)

      Entitas Anak/ Subsidiaries - PT Jasamarga Kunciran Cengkareng
      Perjanjian Pinjaman Sindikasi/ Syndicated Loan Agreement
      1. PT Sarana Multi Infrastruktur Kredit Investasi/                30.772            1.208.507   19 Desember 2038/      6,75%        Pendapatan Tol dan Polis                 74.326   Minimal lebih   Maksimal 4 kali
           (Persero) Tbk ("SMI")        Investment Credit                                             December 19, 2038                   Asuransi Aset jalan Tol (Catatan                  dari 100% / 1   dengan
      2. PT Bank Negara Indonesia                                       30.772            1.208.507                                       37)/ Toll Revenue and Toll               74.326   kali/ Minimum   perhitungan
           (Persero) Tbk ("BNI")                                                                                                          Road Asset Insurance Policy                       more than       Interest Bearing
      3. PT Bank Mandiri (Persero)                                      20.781              816.151                                       (Note 37)                                50.186   100% / 1 time   Debt : Total
           Tbk ("Mandiri")                                                                                                                                                                                  Ekuitas/
                                                                                                                                                                                                            Maximum 4
                                                                                                                                                                                                            times based on
                                                                                                                                                                                                            the calculation of
                                                                                                                                                                                                            Interest Bearing
                                                                                                                                                                                                            Debt : Total
                                                                                                                                                                                                            Equity

      Entitas Anak/ Subsidiaries - PT Jasamarga Bali Tol
      Perjanjian Pinjaman Sindikasi/ Syndicated Loan Agreement
      1. PT Bank Mandiri (Persero) Kredit Investasi/                    62.434               42.406   21 Desember 2027/      6,69%        Hak Konsesi, Pendapatan Tol              52.420   Minimal lebih   Maksimal 70:30
           Tbk ("Mandiri")             Investment Credit                                              December 21, 2027                   dan Usaha Lainnya yang Diikat                     dari 100% / 1   antara porsi
      2. PT Bank Negara Indonesia                                       62.434               42.406                                       secara Fidusia (Catatan 13)/             52.420   kali/ Minimum   kreditur dan
           (Persero) Tbk ("BNI")                                                                                                          Concession Rights, Toll                           more than       debitur/
      3. PT Bank Rakyat Indonesia                                       62.434               42.406                                       Revenues and Other Fiduciary             52.420   100% / 1 time   Maximum 70:30
           (Persero) Tbk ("BRI")                                                                                                          Bound Businesses (Note 13)                                        between the
      4. PT Bank Tabungan Negara                                        14.633                9.939                                                                                12.286                   portion of
           (Persero) Tbk ("BTN")                                                                                                                                                                            creditors and
      5. PT Bank Central Asia Tbk                                       28.060               19.059                                                                                23.560                   debitors
           ("BCA")
      6. PT Bank Pembangunan                                            14.030                9.529                                                                                11.780
           Daerah Bali

      Entitas Anak/ Subsidiaries - PT Jasamarga Kualanamu Tol
      Perjanjian Pinjaman Sindikasi/ Syndicated Loan Agreement
      1.   PT Bank Mandiri (Persero)       Kredit Investasi/            76.780              464.638   23 Maret 2030/         5,58%        1. Hak Pengusahaan Jalan Tol             53.748   Minimal lebih   Maksimal 70:30
           Tbk ("Mandiri")                 Investment Credit                                          March 23, 2030                      (HPJT) selama masa konsesi                        dari 100% / 1   antara porsi
      2.   PT Bank Negara Indonesia                                     76.780              464.638                                       (Catatan 13)/ Toll Road                  53.748   kali/ Minimum   kreditur dan
           (Persero) Tbk ("BNI")                                                                                                          Concession Rights (HPJT)                          more than       debitur/
      3.   PT Bank Rakyat Indonesia                                     76.780              464.638                                       during the concession period             53.748   100% / 1 time   Maximum 70:30
           (Persero) Tbk ("BRI")                                                                                                          (Note 13)                                                         between the
      4.   PT Bank Pembangunan                                          27.104              164.023                                                                                18.967                   portion of
           Daerah Sumatera Utara                                                                                                          2. Pendapatan Tol dan Polis                                       creditors and
                                                                                                                                          Asuransi Asset jalan Tol                                          debitors
                                                                                                                                          (Catatan 37)/ Toll Revenue and
                                                                                                                                          the Toll road Asset Insurance
                                                                                                                                          Policy (Note 37)

                                                                                                                                          3. Rekening Dana
                                                                                                                                          Penampungan/ Escrow Account

                                                                                                                                          4. Tagihan atas pendapatan dari
                                                                                                                                          hasil klaim asuransi, bank
                                                                                                                                          garansi dan penggantian dana
                                                                                                                                          dari pemerintah diikat fidusia/
                                                                                                                                          Claims on income from
                                                                                                                                          insurance claims, bank
                                                                                                                                          guarantees and reimbursement
                                                                                                                                          of funds from the government
                                                                                                                                          are bound by fiduciary


      Entitas Anak/ Subsidiaries - PT Cinere Serpong Jaya
      Perjanjian Pinjaman Sindikasi/ Syndicated Loan Agreement
      1. PT Bank Mandiri (Persero)      Kredit Investasi/               29.736              687.730   11 Oktober 2034/       6,63%        Pendapatan Tol/ Toll Revenue             11.151   Minimal lebih   Maksimal 70:30
           Tbk ("Mandiri")              Investment Credit                                             October 11, 2034                                                                      dari 100% / 1   antara porsi
      2. PT Bank Negara Indonesia                                       29.736              687.730                                                                                11.151   kali/ Minimum   kreditur dan
           (Persero) Tbk ("BNI")                                                                                                                                                            more than       debitur/
      3. PT Bank Central Asia Tbk                                       29.736              687.730                                                                                11.151   100% / 1 time   Maximum 70:30
           ("BCA")                                                                                                                                                                                          between the
                                                                                                                                                                                                            portion of
                                                                                                                                                                                                            creditors and
                                                                                                                                                                                                            debitors
      Entitas Anak/ Subsidiaries - PT Jasamarga Manado Bitung
      Perjanjian Pinjaman Sindikasi/ Syndicated Loan Agreement
      1.   PT Bank Negara Indonesia        Kredit Investasi/            19.567              424.503   13 Oktober 2032/       6,92%        Hak Pengusahaan Jalan Tol                14.317   Minimal lebih   Maksimal 70:30
           (Persero) Tbk ("BNI")           Investment Credit                                          October 13, 2032                    (HPJT) selama masa konsesi                        dari 100% / 1   antara porsi
      2.   PT Bank Mandiri (Persero)                                    19.567              424.503                                       (Catatan 13)/ Toll Road                  14.317   kali/ Minimum   kreditur dan
           Tbk ("Mandiri")                                                                                                                Concession Rights (HPJT)                          more than       debitur/
      3.   PT Sarana Multi Infrastruktur                                26.556              576.145                                       during the concession period             19.432   100% / 1 time   Maximum 70:30
           (Persero) ("SMI")                                                                                                              (Note 13)                                                         between the
                                                                                                                                                                                                            portion of
      4.   Lembaga Pembiayaan                                            9.867              214.060                                                                                 7.220                   creditors and
           Ekspor Indonesia ("LPEI")                                                                                                                                                                        debitors
      5.   PT Bank Central Asia Tbk                                     19.567              424.503                                                                                14.317
           ("BCA")
      6.   PT Bank ICBC Indonesia                                        9.672             209.834                                                                                  7.077
      7.   PT Bank Pembangunan                                           6.752             146.477                                                                                  4.940
           Daerah Sulawesi Selatan
           dan Sulawesi Barat
      8.   PT Bank Pembangunan                                           6.752              146.477                                                                                 4.940
           Daerah Riau
      9.   PT Bank Pembangunan                                           2.532               54.931                                                                                 1.853
           Daerah Jawa Tengah




                                                                                                        110
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PT JASA MARGA (PERSERO) Tbk                                                                                                                           PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                               FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                                                                 For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                                                     As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                        (Expressed in millions of Rupiah, unless otherwise stated)

23. UTANG BANK (lanjutan)                                                                                                23. BANK LOANS (continued)

      Utang Bank Jangka Panjang (lanjutan):                                                                                     Long–Term Bank Loans (continued):
                                                                     Jumlah Fasilitas Terutang/
                                                                                     Porsi jangka
                                                                                   panjang setelah
                                                                                    dikurangi satu
                                                                  Jatuh tempo          Tahun/                Tanggal Jatuh
                                                                   dalam satu         Long-term             Tempo Perjanjian    Suku Bunga
                                                                     tahun/        portion - net off             Kredit/         Per Tahun/                                                          Debt Service
                   Kreditur/                   Nama Fasilitas/      Current            current              Maturity Date Of    Interest rate               Agunan/                Pelunasan/         Coverage        Debt to Equity
                   Creditor                     Facility Type      maturities         maturities            Credit Agreement     per annum                 Collateral              Acquittance       Ratio (DSCR)      Ratio (DER)

      Entitas Anak/ Subsidiaries - PT Jasamarga Balikpapan Samarinda
      Perjanjian Pinjaman Sindikasi/ Syndicated Loan Agreements
      1.   PT Bank Syariah Indonesia       Kredit Investasi/             11.250            1.986.250       25 September 2040/      6,50%        Hak Pengusahaan Jalan Tol                 6.303      Minimal 110%    Maksimal 5 (lima)
           Tbk ("BSI")                     Investment loan                                                 September 25, 2040                   (HPJT) Ruas jalan tol Muara                          / 1.1/          kali / 500%/
                                                                                                                                                jawa-Palaran Seksi III sepanjang                     Minimum         Maximum 5
                                                                                                                                                19,533 KM (STA 33+000 -                              110%/ 1.1       (Five) times/
                                                                                                                                                52+533)/ Toll Road Concession                                        500%
                                                                                                                                                Rights (HPJT) Muara Jawa-
                                                                                                                                                Palaran Section III toll road
                                                                                                                                                section 19,533 KM long (STA
                                                                                                                                                33+000 - 52+533)
      2.   PT Bank Mandiri (Persero)                                     28.780            5.081.212                                            Hak Pengusahaan Jalan Tol                 7.581
           Tbk ("Mandiri")                                                                                                                      (HPJT) selama masa konsesi
                                                                                                                                                selain agunan pinjaman BSI/
                                                                                                                                                Toll Road Concession Rights
                                                                                                                                                (HPJT) during the concession
                                                                                                                                                period other than the loan
                                                                                                                                                collateral of BSI
      Perjanjian Pinjaman Sindikasi/ Syndicated Loan Agreements
      1.   PT Bank Rakyat Indonesia        Kredit Investasi/                   -                       -   21 Desember 2033/       6,25%        1. Hak Pengusahaan Jalan Tol            188.353      Minimal 110%    Maksimal 5 (lima)
           Tbk ("BRI")                     Investment loan                                                 December 21, 2033                    (HPJT) selama masa konsesi/                          / 1.1/          kali / 500%/
      2.   PT Bank Mandiri (Persero)                                           -                       -                                        Toll Road Concession Rights            1.719.588     Minimum         Maximum 5
           Tbk ("Mandiri")                                                                                                                      (HPJT) during the concession                         110%/ 1.1       (Five) times/
      3.   PT Sarana Multi Infrastruktur                                       -                       -                                        period                                  658.251                      500%
           (Persero) Tbk ("SMI")
                                                                                                                                                2. Pendapatan Tol dan Polis
      4.   Industrial and Commercial                                           -                       -                                        Asuransi Asset jalan Tol                376.050
           Bank of China Tbk ("ICBC")                                                                                                           (Catatan 37)/ Toll Revenue and
      5.   Bank pembangunan daerah                                             -                       -                                        the Toll road Asset Insurance           469.897
           di Jawa Timur ("Bank Jatim")                                                                                                         Policy (Notes 37)

      6.  PT Bank Syariah Indonesia                                            -                       -                                        3. Rekening Dana                        842.145
          Tbk ("BSI")                                                                                                                           Penampungan/ Escrow Account
      7.  PT Bank Pembangunan                                                  -                       -                                                                                328.797
          Daerah Papua ("Bank                                                                                                                   4. Tagihan atas pendapatan dari
          Papua")                                                                                                                               hasil klaim asuransi, bank
      8. PT Bank Pembangunan                                                   -                       -                                        garansi dan penggantian dana            188.353
          Daerah Kalimantan Selatan                                                                                                             dari pemerintah diikat fidusia/
          ("Bank Kalsel")                                                                                                                       Claims on income from
      9. Lembaga Pembiayaan                                                    -                       -                                        insurance claims, bank                  469.897
          Ekspor Indonesia                                                                                                                      guarantees and reimbursement
          (Eximbank) ("LPEI")                                                                                                                   of funds from the government
      10. PT. Bank Mega Tbk.                                                   -                       -                                        are bound by fiduciary                  940.452
          ("MEGA")
      11. PT. Bank Jabar Banten                                                -                       -                                                                                 93.848
          Syariah ("BJB Syariah")
      12. PT Bank Muamalat                                                     -                       -                                                                                282.201
          Indonesia Tbk ("Muamalat")

      Entitas Anak/ Subsidiaries - PT Jasamarga Japek Selatan
      Perjanjian Pinjaman Talangan / Bridging Loan Agreements
      1. PT Bank Negara Indonesia       Pinjaman Talangan/             1.538.257                       -   17 Juli 2023/           7,00%        -                                                -   Minimal lebih   Maksimal 70:30
           (Persero) Tbk ("BNI")        Bridging Loan                                                      July 17, 2023                                                                             dari 100% / 1   antara porsi
      2. PT Bank Central Asia Tbk       Pinjaman Talangan/                     -          4.556.101        28 Februari 2027/       6,95%        -                                                -   kali/ Minimum   kreditur dan
           ("BCA")                      Bridging Loan                                                      February 28, 2027                                                                         more than       debitur/
      3. PT Bank BRI (Persero) Tbk      Pinjaman Talangan/               91.261                        -   31 Desember 2026/       7,75%        -                                                -   100% / 1 time   Maximum 70:30
           ("BRI")                      Bridging Loan                                                      December 31, 2026                                                                                         between the
      4. PT Bank Mandiri (Persero)      Pinjaman Talangan/                     -           2.490.421       19 Desember 2027/       7,00%        -                                                -                   portion of
           Tbk ("BRI")                  Bridging Loan                                                      Desember 19, 2027                                                                                         creditors and
                                                                                                                                                                                                                     debitors



      Entitas Anak/ Subsidiaries - PT Jasamarga Probolinggo Banyuwangi
      Perjanjian Pinjaman Sindikasi/ Syndicated Loan Agreement
      1. PT Bank Mandiri (Persero)      Kredit Investasi/                      -           1.388.315       21 November 2038/       7,65%        1. Hak Pengusahaan Jalan Tol                     -   Minimal lebih   Maksimal 70:30
           Tbk ("Mandiri")              Investment Credit                                                  November 21, 2038                    (HPJT) selama masa konsesi                           dari 100% / 1   antara porsi
      2. PT Bank Central Asia Tbk                                              -           1.388.315                                            (Catatan 13)/ Toll Road                          -   kali/ Minimum   kreditur dan
           ("BCA")                                                                                                                              Concession Rights (HPJT)                             more than       debitur/
      3. PT Sarana Multi Infrastruktur                                         -             692.979                                            during the concession period                     -   100% / 1 time   Maximum 70:30
           (Persero) ("SMI")                                                                                                                    (Note 13)                                                            between the
                                                                                                                                                                                                                     portion of
      4   PT Bank Pembangunan                                                  -             346.504                                            2. Pendapatan Tol dan                            -                   creditors and
          Daerah Papua                                                                                                                          Pendapatan Usaha Lain terkait                                        debitors
      5.  PT Bank Pembangunan                                                  -             519.720                                            dengan Hak Pengusahaan Jalan                     -
          Daerah Jawa Timur Tbk                                                                                                                 Tol (Catatan 36)/ Toll Revenue
      6. PT Bank Pembangunan                                                   -             104.100                                            and other Business Income                        -
          Daerah Bali                                                                                                                           related to Toll Road Concession
      7. PT Bank DKI ("DKI")                                                   -             208.228                                            Rights (Note 36)                                 -
      8. PT Bank Pembangunan                                                   -             173.399                                                                                             -
          Daerah Jawa Barat dan                                                                                                                 3. Rekening Dana
          Banten Tbk                                                                                                                            Penampungan/ Escrow Account
      9. PT Bank Pembangunan                                                   -             173.519                                                                                             -
          Daerah Kalimantan Barat                                                                                                               4. Tagihan atas pendapatan dari
      10. PT Bank Pembangunan                                                  -             138.679                                            hasil klaim asuransi, bank                       -
          Daerah Maluku dan Maluku
                                                                                                                                                garansi dan penggantian dana
          Utara
                                                                                                                                                dari pemerintah diikat fidusia/
                                                                                                                                                Claims on income from
                                                                                                                                                insurance claims, bank
                                                                                                                                                guarantees and reimbursement
                                                                                                                                                of funds from the government
                                                                                                                                                are bound by fiduciary




                                                                                                             111
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PT JASA MARGA (PERSERO) Tbk                                                                                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                              FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                                                                For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                                                    As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                       (Expressed in millions of Rupiah, unless otherwise stated)

23. UTANG BANK (lanjutan)                                                                                                  23. BANK LOANS (continued)
      Utang Bank Jangka Panjang (lanjutan):                                                                                    Long–Term Bank Loans (continued):
                                                                    Jumlah Fasilitas Terutang/
                                                                                    Porsi jangka
                                                                                  panjang setelah
                                                                                   dikurangi satu
                                                                 Jatuh tempo          Tahun/                 Tanggal Jatuh
                                                                  dalam satu         Long-term              Tempo Perjanjian   Suku Bunga
                                                                    tahun/        portion - net off              Kredit/        Per Tahun/                                                          Debt Service
                    Kreditur/                  Nama Fasilitas/     Current            current               Maturity Date Of   Interest rate               Agunan/                Pelunasan/         Coverage           Debt to Equity
                    Creditor                    Facility Type     maturities         maturities             Credit Agreement    per annum                 Collateral              Acquittance       Ratio (DSCR)         Ratio (DER)

      Entitas Anak/ Subsidiaries - PT Jasamarga Probolinggo Banyuwangi
      Pinjaman Dana Talangan Tanah/ Land Bailout Loan
      1. PT Bank Permata Tbk            Dana Talangan Tanah/           4.526                          -   30 April 2026/          8,65%        1. Tagihan atas pengembalian              1.736      -               -
           ("Permata")                  Land Bailout                                                      April 30 2026                        Dana Talangan Tanah dari
                                                                                                                                               Pemerintah dan/atau instansi
                                                                                                                                               berwenang lain yang ditunjuk
                                                                                                                                               Pemerintah (Catatan 6)/ Claims
                                                                                                                                               for returning Land Bailout Funds
                                                                                                                                               from the Government and/or
                                                                                                                                               other authorized agencies
                                                                                                                                               appointed by the Government
                                                                                                                                               (Note 6)

                                                                                                                                               2. Rekening Penampungan
                                                                                                                                               Dana Talangan Tanah yang
                                                                                                                                               diikat dengan gadai rekening
                                                                                                                                               senilai Rp 100.000 yang dimiliki
                                                                                                                                               nasabah (Catatan 9)/ Land
                                                                                                                                               Bailout Fund Escrow Account
                                                                                                                                               tied to a pawn account in the
                                                                                                                                               amount of IDR 100,000 owned
                                                                                                                                               by the customer (Note 9)

                                                                                                                                               3. LoU (Letter of Undertaking)
                                                                                                                                               atau Surat Pernyataan
                                                                                                                                               Kesanggupan dari Pemegang
                                                                                                                                               Saham Nasabah dalam bentuk
                                                                                                                                               Keputusan Rapat Umum
                                                                                                                                               Pemegang Saham Sirkuler/ LoU
                                                                                                                                               (Letter of Undertaking) or
                                                                                                                                               Statement of Commitment from
                                                                                                                                               Customer Shareholders in the
                                                                                                                                               form of Circular General
                                                                                                                                               Meeting of Shareholders
                                                                                                                                               Resolutions


      Entitas Anak/ Subsidiaries - PT Jasamarga Akses Patimban
      Perjanjian Pinjaman Sindikasi/ Syndicated Loan Agreement
      1.    PT Bank Central Asia Tbk        Kredit Investasi/                 -             557.756       17 Desember 2039/       7,75%        Hak Pengusahaan Jalan Tol                        -   Minimal lebih   Maksimal 70:30
            ("BCA")                         Investment Credit                                             December 17, 2039                    (HPJT) selama masa konsesi                           dari 100% / 1   antara porsi
                                                                                                                                               (Catatan 13)/ Toll Road                              kali/ Minimum   kreditur dan
                                                                                                                                               Concession Rights (HPJT)                             more than       debitur/
                                                                                                                                               during the concession period                         100% / 1 time   Maximum 70:30
      2.    PT Sarana Multi Infrastruktur                                     -             557.756                                                                                             -                   between the
                                                                                                                                               (Note 13)
            (Persero) ("SMI")                                                                                                                                                                                       portion of
                                                                                                                                                                                                                    creditors and
                                                                                                                                                                                                                    debitors

      Entitas Anak/ Subsidiaries - PT Jasamarga Jogja Solo
      Perjanjian Pinjaman Sindikasi/ Syndicated Loan Agreement
      1.    PT Bank Mandiri (Persero)       Kredit Investasi/                 -           1.415.905       19 Desember 2037/       7,71%        Hak Pengusahaan Jalan Tol,                       -   Minimal lebih   Maksimal 70:30
            Tbk ("Mandiri")                 Investment Credit                                             December 19, 2037                    seluruh tagihan dan pendapatan                       dari 100% / 1   antara porsi
      2.    PT Bank Negara Indonesia                                          -           1.415.905                                            dan usaha-usaha lain,                            -   kali/ Minimum   kreditur dan
            (Persero) Tbk ("BNI")                                                                                                              keseluruhan escrow accounts ,                        more than       debitur/
      3.    PT Bank Central Asia Tbk                                          -           1.415.905                                            pendapatan dari hasil klaim                      -   100% / 1 time   Maximum 70:30
            ("BCA")                                                                                                                            asuransi, Garansi Bank, dan                                          between the
      4.    PT Bank Rakyat Indonesia                                          -             708.120                                            penggantian dana dari                            -                   portion of
            (Persero) Tbk ("BRI")                                                                                                              Pemerintah (Catatan 13)/ Toll                                        creditors and
      5.    PT Sarana Multi Infrastruktur                                     -             353.976                                            Road Concession Rights, entire                   -                   debitors
            (Persero) ("SMI")                                                                                                                  claims and operational
                                                                                                                                               revenues, all escrow accounts,
      6.    PT Bank Syariah Indonesia                                         -             238.280                                            income from insurance claims,                    -
            Tbk ("BSI")                                                                                                                        Bank Guarantee, fund
      7.    PT Bank DKI                                                       -             318.579                                            compensation from the                            -
      8.    PT Bank Pembangunan                                               -             244.952                                            Government (Note 13)                             -
            Daerah Jawa Barat Banten
            Tbk
      9.    PT Bank Pembangunan                                               -             230.085                                                                                             -
            Daerah Sulawesi Selatan
            dan Bangka Belitung
      10.   PT Bank Pembangunan                                               -             194.687                                                                                             -
            Daerah Papua
      11.   PT Bank Pembangunan                                               -             158.304                                                                                             -
            Daerah Daerah Istimewa
            Yogyakarta
      12.   PT Bank Pembangunan                                               -             158.304                                                                                             -
            Daerah Jawa Tengah
      13.   PT Bank Pembangunan                                               -              70.795                                                                                             -
            Daerah Bali
      14.   PT Bank Central Asia                                              -              72.520                                                                                             -
            Syariah

      Entitas Anak/ Subsidiaries - PT Jasamarga Transjawa Tol
      Perjanjian Pinjaman Sindikasi PT JSN/ Syndicated Loan Agreement PT JSN
      1. PT Bank Mandiri (Persero)      Kredit Investasi/              71.750             1.705.254       21 Desember 2034/       6,75%        Hak Pengusahaan Jalan Tol,              161.500      Minimal lebih   Maksimal 70:30
           Tbk ("Mandiri")              Investment Credit                                                 December 21, 2034                    seluruh tagihan dan pendapatan                       dari 100% / 1   antara porsi
                                                                                                                                               dan usaha-usaha lain,                                kali/ Minimum   kreditur dan
                                                                                                                                               keseluruhan escrow accounts ,                        more than       debitur/
      2.    PT Bank Negara Indonesia                                    82.250            1.460.106                                            pendapatan dari hasil klaim              70.500      100% / 1 time   Maximum 70:30
            (Persero) Tbk ("BNI")                                                                                                              asuransi, Garansi Bank, dan                                          between the
                                                                                                                                               penggantian dana dari                                                portion of
                                                                                                                                               Pemerintah (Catatan 13)/ Toll                                        creditors and
      3.    PT Bank Central Asia Tbk                                    59.500            1.055.991                                            Road Concession Rights, entire           51.000                      debitors
            ("BCA")                                                                                                                            claims and operational
                                                                                                                                               revenues, all escrow accounts,
                                                                                                                                               income from insurance claims,
      4.    PT Bank CIMB Niaga Tbk                                      35.000              621.322                                            Bank Guarantee, fund                     30.000
            ("CIMB")
                                                                                                                                               compensation from the
                                                                                                                                               Government (Note 13)




                                                                                                             112
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PT JASA MARGA (PERSERO) Tbk                                                                                                                   PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                       FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                                                         For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                                             As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                (Expressed in millions of Rupiah, unless otherwise stated)

23. UTANG BANK (lanjutan)                                                                                           23. BANK LOANS (continued)

      Utang Bank Jangka Panjang (lanjutan):                                                                             Long–Term Bank Loans (continued):
                                                                  Jumlah Fasilitas Terutang/
                                                                                  Porsi jangka
                                                                                panjang setelah
                                                                                 dikurangi satu
                                                               Jatuh tempo          Tahun/            Tanggal Jatuh
                                                                dalam satu         Long-term         Tempo Perjanjian   Suku Bunga
                                                                  tahun/        portion - net off         Kredit/        Per Tahun/                                                     Debt Service
                  Kreditur/              Nama Fasilitas/         Current            current          Maturity Date Of   Interest rate              Agunan/               Pelunasan/      Coverage       Debt to Equity
                  Creditor                Facility Type         maturities         maturities        Credit Agreement    per annum                Collateral             Acquittance    Ratio (DSCR)     Ratio (DER)

      Perjanjian Pinjaman Sindikasi PT JNK/ Syndicated Loan Agreement PT JNK
      1. PT Bank Mandiri (Persero)      Kredit Investasi/              35.874             935.852   21 Desember 2034/      6,75%        Hak Pengusahaan Jalan Tol,             99.627   Minimal lebih   Maksimal 70:30
           Tbk ("Mandiri")              Investment Credit                                           December 21, 2034                   seluruh tagihan dan pendapatan                  dari 100% / 1   antara porsi
                                                                                                                                        dan usaha-usaha lain,                           kali/ Minimum   kreditur dan
                                                                                                                                        keseluruhan escrow accounts ,                   more than       debitur/
                                                                                                                                        pendapatan dari hasil klaim                     100% / 1 time   Maximum 70:30
      2.   PT Bank Nasional Indonesia                                 35.874              935.852                                       asuransi, Garansi Bank, dan            99.627                   between the
           (Persero) Tbk ("BNI")                                                                                                        penggantian dana dari                                           portion of
                                                                                                                                        Pemerintah (Catatan 13)/ Toll                                   creditors and
                                                                                                                                        Road Concession Rights, entire                                  debitors
                                                                                                                                        claims and operational
      3.   PT Bank Syariah Indonesia                                  12.701              331.338                                       revenues, all escrow accounts,         35.273
           Tbk ("BSI")                                                                                                                  income from insurance claims,
                                                                                                                                        Bank Guarantee, fund
                                                                                                                                        compensation from the
                                                                                                                                        Government (Note 13)

      Perjanjian Pinjaman Sindikasi PT JSB/ Syndicated Loan Agreement PT JSB
      1. PT Bank Mandiri (Persero)      Kredit Investasi/              87.761           2.523.087   27 Desember 2036/      6,75%        Hak Pengusahaan Jalan Tol,            253.507   Minimal lebih   Maksimal 70:30
           Tbk ("Mandiri")              Investment Credit                                           December 27, 2036                   seluruh tagihan dan pendapatan                  dari 100% / 1   antara porsi
      2. PT Bank Negara Indonesia                                      65.820           1.730.615                                       dan usaha-usaha lain,                  43.880   kali/ Minimum   kreditur dan
           (Persero) Tbk ("BNI")                                                                                                        keseluruhan escrow accounts ,                   more than       debitur/
      3. PT Bank Central Asia Tbk                                     102.386           2.673.148                                       pendapatan dari hasil klaim            68.259   100% / 1 time   Maximum 70:30
           ("BCA")                                                                                                                      asuransi, Garansi Bank, dan                                     between the
      4. PT Keb Hana Indonesia Tbk                                      5.851             153.833                                       penggantian dana dari                   3.900                   portion of
           ("Hana")                                                                                                                     Pemerintah (Catatan 13)/ Toll                                   creditors and
                                                                                                                                        Road Concession Rights, entire                                  debitors
                                                                                                                                        claims and operational
                                                                                                                                        revenues, all escrow accounts,
                                                                                                                                        income from insurance claims,
                                                                                                                                        Bank Guarantee, fund
                                                                                                                                        compensation from the
                                                                                                                                        Government (Note 13)


      Perjanjian Pinjaman Sindikasi PT JPT/ Syndicated Loan Agreements PT JPT
      1. PT Bank Mandiri (Persero)      Term Loan/                     57.500              69.700   15 Juli 2028/          6,50%        Hak Pengusahaan Jalan Tol,             91.300   Minimal lebih   Maksimal 70:30
           Tbk ("Mandiri")              Term Loan                                                   July 15, 2028                       seluruh tagihan dan pendapatan                  dari 100% / 1   antara porsi
                                                                                                                                        dan usaha-usaha lain,                           kali/ Minimum   kreditur dan
                                                                                                                                        keseluruhan escrow accounts ,                   more than       debitur/
                                                                                                                                        pendapatan dari hasil klaim                     100% / 1 time   Maximum 70:30
                                                                                                                                        asuransi, Garansi Bank, dan                                     between the
                                                                                                                                        penggantian dana dari                                           portion of
                                                                                                                                        Pemerintah (Catatan 13)/ Toll                                   creditors and
      2.   PT Bank Syariah Indonesia                                 141.800               25.000   15 Juni 2026/          6,50%        Road Concession Rights, entire         53.200                   debitors
           Tbk ("BSI")                                                                              June 15, 2026                       claims and operational
                                                                                                                                        revenues, all escrow accounts,
                                                                                                                                        income from insurance claims,
                                                                                                                                        Bank Guarantee, fund
                                                                                                                                        compensation from the
                                                                                                                                        Government (Note 13)

                                                                   3.281.527          53.044.064                                                                            8.621.571



      Pada tanggal 31 Desember 2025, Kelompok                                                                           As of December 31, 2025, the Group had met the
      Usaha telah memenuhi persyaratan-persyaratan                                                                      financial covenant requirements, except for JMB,
      financial covenant, kecuali JMB yang tidak                                                                        which did not meet the financial ratio requirements.
      memenuhi persyaratan rasio keuangan. JMB                                                                          JMB had obtained a waiver from BNI. Therefore,
      sudah mendapatkan waiver dari BNI. Dengan                                                                         management believes that there is no significant
      demikian, manajemen berkeyakinan bahwa tidak                                                                      impact resulting from JMB's non-compliance with
      terdapat pengaruh yang signifikan yang                                                                            the financial ratio requirements.
      disebabkan oleh tidak terpenuhinya persyaratan
      rasio keuangan oleh JMB.


24.   UTANG LEMBAGA KEUANGAN BUKAN BANK                                                                             24. NON-BANK FINANCIAL INSTITUTION LOAN
      Rincian utang lembaga keuangan bukan bank                                                                         The details of non-bank financial institution loan are
      adalah sebagai berikut:                                                                                           as follows:
                                                                                              2025                       2024
      Utang Lembaga Keuangan Bukan Bank                                                                                                                                           Long-term Non-bank
        Jangka Panjang                                                                                                                                                      Financial Institution Loan
      Pihak Berelasi (Catatan 43)                                                                             -                272.000                                          Related Party (Note 43)
      Total Utang Lembaga Keuangan                                                                                                                               Total Non - Bank Financial Institution
        Bukan Bank Jangka Panjang                                                                             -                272.000                                             Long Term Loan




                                                                                                      113
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PT JASA MARGA (PERSERO) Tbk                                                               PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                             For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                 As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                    (Expressed in millions of Rupiah, unless otherwise stated)

24.     UTANG LEMBAGA KEUANGAN BUKAN BANK                                24. NON-BANK FINANCIAL INSTITUTION LOAN
       (lanjutan)                                                            (continued)
       Perusahaan                                                           The Company

       Berdasarkan Akta Perjanjian Pinjaman No. 29                           Based on Loan Agreement Deed No. 29 dated
       tanggal 16 September 2020 dari Notaris Ir. Nanette                    September 16, 2020, from Notary Ir. Nanette
       Cahyanie Handari Adi Warsito, S.H., pinjaman ini                      Cahyanie Handari Adi Warsito, S.H., this loan has
       telah diubah beberapa kali, terakhir dengan                           been amended several times, most recently with
       perubahan     ke  X     No.PERJ-156/SMI/1024,                         amendment number X No. PERJ-156/SMI/1024,
       Perusahaan memperoleh fasilitas pinjaman dari                         The Company obtained loan facilities from
       PT Sarana Multi Infrastruktur (Persero) sebesar                       PT Sarana Multi Infrastruktur (Persero) amounting
       Rp350.000 dengan jangka waktu selambat-                               to Rp350,000 for a period of as late as
       lambatnya pada 15 September 2027. Tingkat suku                        September 15, 2027. As of December 31, 2025 the
       bunga yang berlaku pada 31 Desember 2025                              applicable interest rate is Nil per annum and as of
       adalah sebesar Nihil per tahun dan pada                               December 31, 2024 the applicable interest rate is
       31 Desember 2024 adalah 6,20% per tahun.                              6.20% per annum. This loan does not require the
       Pinjaman ini tidak mensyaratkan Perusahaan                            Company to submit guarantee/ collateral to the
       untuk menyerahkan jaminan/agunan kepada bank                          bank or other creditors.
       maupun kepada kreditur lainnya.

       Pembatasan penting dalam perjanjian fasilitas                         The major covenant of this facility include the
       pinjaman ini adalah:                                                  following:
        a. Interest coverage ratio minimal 1,1 kali; dan                     a. Minimum interest coverage ratio is 1.1 times;
                                                                                 and
        b.    Debt to equity ratio maksimal 5 kali.                          b. Maximum debt to equity ratio is 5 times.

       Pada tanggal 31 Desember 2025 dan 2024,                               As of December 31, 2025 and 2024, the Company
       Perusahaan telah memenuhi seluruh pembatasan                          has met with all major covenant requirement.
       penting.

       Penambahan sampai dengan 31 Desember 2025                             The addition up to December 31, 2025 is
       sebesar Rp78.000. Pembayaran pokok sampai                             Rp78,000.       The    principal  payment    until
       dengan 31 Desember 2025 sebesar Rp350.000.                            December 31, 2025 is Rp350,000. The outstanding
       Saldo terutang fasilitas pinjaman pada tanggal                        loan facility balance as of December 31, 2025 and
       31 Desember 2025 dan 2024 masing-masing                               2024, were Nil and Rp272,000, respectively.
       adalah sebesar Nihil dan Rp272.000. Jumlah                            The total interest expense payments up to
       pembayaran       beban        bunga     hingga                        December 31, 2025, amount to Rp16,564.
       31 Desember 2025 adalah sebesar Rp16.564.


25. UTANG OBLIGASI                                                       25. BONDS PAYABLE

      Rincian utang obligasi adalah sebagai berikut:                        The details of bonds payable are as follows:
                                                           2025             2024
      Perusahaan                                                                                                          The Company
      Obligasi Berkelanjutan II                                                                                    Shelf Registry Bond II
          PT Jasa Marga 2020                                                                                    PT Jasa Marga 2020
        Seri B                                                     -          286.000                                        Series B
        Seri C                                                90.050           90.050                                        Series C
        Seri D                                               523.600          523.600                                        Series D
      Subtotal                                               613.650          899.650                                           Subtotal

      Obligasi Berkelanjutan III Tahap I                                                                  Shelf Registry Bond III Phase I
          PT Jasa Marga 2024                                                                                   PT Jasa Marga 2024
        Seri A                                                90.155           90.155                                        Series A
        Seri B                                               241.055          241.055                                        Series B
        Seri C                                               601.140          601.140                                        Series C
      Subtotal                                               932.350          932.350                                            Subtotal

      Obligasi Berkelanjutan III Tahap II                                                                 Shelf Registry Bond III Phase II
          PT Jasa Marga 2025                                                                                    PT Jasa Marga 2025
        Seri A                                                120.000                -                                        Series A
        Seri B                                                100.000                -                                        Series B
        Seri C                                                780.000                -                                        Series C
      Subtotal                                              1.000.000                -                                            Subtotal
      Total                                                 2.546.000        1.832.000
        Belum Diamortisasi                                        114
                                                               (9.938)          (7.839)                 Unamortized Bond Issuance Cost
      Total Utang Obligasi                                  2.536.062        1.824.161                              Total Bond Payable
      Bagian yang Jatuh Tempo Dalam Satu Tahun                      -         (286.000)                              Current Maturities
      Total Utang Obligasi Bagian Jangka Panjang            2.536.062        1.538.161         Total Bond Payable of Long-term Portion
Page 948
PT JASA MARGA (PERSERO) Tbk                                                               PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                             For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                 As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                    (Expressed in millions of Rupiah, unless otherwise stated)

25. UTANG OBLIGASI (lanjutan)                                            25. BONDS PAYABLE (continued)

                                                           2025             2024
    Perusahaan                                                                                                             The Company
    Obligasi Berkelanjutan III Tahap II                                                                   Shelf Registry Bond III Phase II
        PT Jasa Marga 2025                                                                                      PT Jasa Marga 2025
      Seri A                                                  120.000                -                                        Series A
      Seri B                                                  100.000                -                                        Series B
      Seri C                                                  780.000                -                                        Series C
    Subtotal                                                1.000.000                -                                            Subtotal
    Total                                                   2.546.000        1.832.000
      Belum Diamortisasi                                       (9.938)          (7.839)                  Unamortized Bond Issuance Cost
    Total Utang Obligasi                                    2.536.062        1.824.161                               Total Bond Payable
    Bagian yang Jatuh Tempo Dalam Satu Tahun                        -         (286.000)                               Current Maturities
    Total Utang Obligasi Bagian Jangka Panjang              2.536.062        1.538.161         Total Bond Payable of Long-term Portion


     Jumlah pembayaran kembali untuk utang obligasi                         The amounts of repayments of bonds payable by
     menurut tahun jatuh tempo pada tanggal                                 years of maturity as of December 31, 2025 and 2024
     31 Desember 2025 dan 2024 adalah sebagai                               are as follows:
     berikut:

                                   Tahun Jatuh Tempo/
                            Tahun Jatuh Tempo/Year of Maturity             2025                   2024
                                               2025                                  -                286.000
                                               2027                            180.205                180.205
                                               2028                            120.000                       -
                                               2029                            241.055                241.055
                                               2030                            623.600                523.600
                                               2034                            601.140                601.140
                                               2035                            780.000                      -
                                            Total                            2.546.000               1.832.000


    Obligasi Berkelanjutan II PT Jasa Marga Tahun                            Continuing Public Offering Bond II PT Jasa
    2020                                                                     Marga 2020

     Pada tanggal 31 Agustus 2020, Perusahaan                                On August 31, 2020, the Company obtained an
     memperoleh pernyataan efektif dari OJK atas                             effective statement from OJK on the issuance of
     penerbitan Obligasi Berkelanjutan II Jasa Marga                         Jasa Marga Bond II Phase I Year 2020 (“Bonds”) in
     Tahap I Tahun 2020 (“Obligasi”) dalam 4 (empat)                         4 (four) series with par value, annual interest rate
     seri dengan nilai nominal, suku bunga dan jatuh                         and maturity dates as follows:
     tempo sebagai berikut:

     1. Seri A sebesar Rp1.100.350 dan suku bunga                           1. Series A amounting to Rp1,100,350 and annual
        7,90% per tahun, telah jatuh tempo dan lunas                           interest rate of 7.90%, has mature and been
        pada tanggal 8 September 2023.                                         paid off on September 8, 2023.

     2. Seri B sebesar Rp286.000 dan suku bunga                             2. Series B amounting to Rp286,000 and annual
        8,25% per tahun, telah jatuh tempo pada                                interest rate of 8.25%, matured on September
        tanggal 8 September 2025.                                              8, 2025.

     3. Seri C sebesar Rp90.050 dan suku bunga                              3. Series C amounting to Rp90,050 and annual
        8,60% per tahun, akan jatuh tempo pada                                 interest  of   8.60%,   will  mature  on
        tanggal 8 September 2027.                                              September 8, 2027.

     4. Seri D sebesar Rp523.600 dan suku bunga                             4. Series D amounting to Rp523,600 and annual
        9,00% per tahun, akan jatuh tempo pada                                 interest  of   9.00%,   will  mature   on
        tanggal 8 September 2030.                                              September 8, 2030.




                                                                  115
Page 949
PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                           As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

25. UTANG OBLIGASI (lanjutan)                                      25. BONDS PAYABLE (continued)

    Obligasi Berkelanjutan II PT Jasa Marga Tahun                      Continuing Public Offering Bond II PT Jasa
    2020 (lanjutan)                                                    Marga 2020 (continued)

     Total dana yang diterima Perusahaan pada tanggal                  Total fund received by the Company on
     8 September 2020 dari hasil penerbitan Obligasi                   September 8, 2020 from the issuance of Bonds
     adalah sebesar Rp2.000.000. Bertindak sebagai                     was Rp2,000,000. Acting as trustee for the bonds
     wali amanat adalah PT Bank Mega Tbk dan sesuai                    is PT Bank Mega Tbk and in accordance with the
     dengan prospektus penerbitan obligasi Perusahaan,                 Company’s prospectus for bonds issuance, the
     dana tersebut akan digunakan untuk modal kerja                    funds will be used for funding the Company’s
     Perusahaan, diantaranya namun tidak terbatas                      working capital, including but not limited to toll road
     pada pemeliharaan jalan tol dan sarana penunjang                  maintenance and toll road supporting facilities, also
     jalan tol, serta peningkatan fasilitas jalan tol dan              for toll road facilities enhancement and toll road
     sarana penunjang jalan tol. Peringkat obligasi ini                supporting facilities. The bond rating is idAA based
     adalah     idAA    berdasarkan      peringkat    dari             on the rating from PT Pemeringkat Efek Indonesia
     PT Pemeringkat Efek Indonesia (Pefindo) pada                      (Pefindo) on March 06, 2025.
     06 Maret 2025.

     Perusahaan         juga      diwajibkan      untuk                The Company is also required to maintain certain
     mempertahankan rasio-rasio keuangan tertentu                      financial ratios base on annual financial statements
     berdasarkan laporan keuangan tahunan yang telah                   which have been audited by public accounting firm
     diaudit oleh kantor akuntan publik yang terdaftar di              registered in OJK during the bonds payable as
     OJK selama periode utang obligasi sebagai berikut:                follows:

     a)   Interest Coverage Ratio (ICR) (rasio cakupan                 a)   Minimum Interest Coverage Ratio (ICR) of
          bunga) minimal 1,1:1; dan                                         1.1:1; and
     b)   Debt to Equity Ratio (DER) (rasio utang)                     b)   Maximum Debt to Equity Ratio (DER) (debt
          maksimal 5:1                                                      ratio) of 5:1

     Obligasi ini tidak dijamin dengan suatu agunan                    The Bonds are not collateralized by a specific
     khusus, tetapi dijamin dengan seluruh harta                       collateral, but are collateralized by the Company’s
     kekayaan Perusahaan baik barang bergerak                          entire assets, either movable or immovable,
     maupun barang tidak bergerak, baik yang telah ada                 whether existing or will exist in the future.
     maupun yang akan ada di kemudian hari.

     Pada tanggal 31 Desember 2025 dan 2024,                           As of December 31, 2025 and 2024, the Company
     Perusahaan telah memenuhi seluruh rasio                           has met the financial ratio requirements.
     keuangan yang dipersyaratkan.

    Obligasi Berkelanjutan III Tahap I PT Jasa Marga                   Shelf Registry Bond III Phase I PT Jasa Marga
    Tahun 2024                                                         2024

     Pada tanggal 26 Juni 2024, Perusahaan                             On June 26, 2024, the Company obtained an
     memperoleh pernyataan efektif dari OJK atas                       effective statement from OJK on the issuance of
     penerbitan Obligasi Berkelanjutan III Jasa Marga                  Jasa Marga Bond III Phase I Year 2024 (“Bonds”)
     Tahap I Tahun 2024 (“Obligasi”) dalam 3 (tiga) seri               in 3 (three) series with par value, annual interest
     dengan nilai nominal, suku bunga dan jatuh tempo                  rate and maturity dates as follows:
     sebagai berikut:

      1. Seri A sebesar Rp90.155 dan suku bunga                        1. Series A amounting to Rp90,155 and annual
         6,90% per tahun, akan jatuh tempo pada                           interest rate of 6.90%, will mature on July 5,
         tanggal 5 Juli 2027.                                             2027.

      2. Seri B sebesar Rp241.055 dan suku bunga                       2. Series B amounting to Rp241,055 and annual
         7,00% per tahun, akan jatuh tempo pada                           interest rate of 7.00%, will mature on July 5,
         tanggal 5 Juli 2029.                                             2029.

      3. Seri C sebesar Rp601.140 dan suku bunga                       3. Series C amounting to Rp601,140 and annual
         7,20% per tahun, akan jatuh tempo pada                           interest of 7.20%, will mature on July 5, 2034.
         tanggal 5 Juli 2034.


                                                             116
Page 950
PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                          As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

25. UTANG OBLIGASI (lanjutan)                                     25. BONDS PAYABLE (continued)

    Obligasi Berkelanjutan III Tahap I PT Jasa Marga                  Shelf Registry Bond III Phase I PT Jasa Marga
    Tahun 2024 (lanjutan)                                             2024 (continued)

     Total dana yang diterima Perusahaan pada tanggal                 Total fund received by the Company on July 5,
     5 Juli 2024 dari hasil penerbitan Obligasi adalah                2024 from the issuance of Bonds was Rp932,350.
     sebesar Rp932.350. Bertindak sebagai wali amanat                 Acting as trustee for the bonds is PT Bank Mega
     adalah PT Bank Mega Tbk dan sesuai dengan                        Tbk and in accordance with the Company’s
     prospektus penerbitan obligasi Perusahaan, dana                  prospectus for bonds issuance, the funds will be
     tersebut akan digunakan untuk modal kerja                        used for funding the Company’s working capital,
     Perusahaan, diantaranya namun tidak terbatas                     including but not limited to toll road transaction
     pada pelayanan transaksi jalan tol, pelayanan lalu               services, toll road traffic services, and routine
     lintas jalan tol, dan pemeliharaan rutin fasilitas               maintenance of transaction facilities, Toll Gate
     sarana transaksi, gedung kantor Gerbang Tol (GT)                 (GT) office buildings and toll road complementary
     maupun bangunan pelengkap jalan tol sedangkan                    buildings, while toll road maintenance is included
     untuk pemeliharaan jalan tol termasuk namun tidak                but not limited to toll road overlays, routine toll road
     terbatas pada overlay jalan tol, pemeliharaan rutin              maintenance,       maintenance       of     toll    road
     jalan tol, pemeliharaan sarana pelengkap jalan tol               complementary facilities (guardrails, concrete
     (guardrail,concrete barrier, pagar ROW (Right of                 barriers, ROW (Right of Way) fences and
     Way) dan marka), penelitian jembatan, dan                        markings), bridge research, and pavement.
     perkerasan.

     Peringkat obligasi ini adalah idAA berdasarkan                   The bond rating is idAA based on the rating from
     peringkat dari PT Pemeringkat Efek Indonesia                     PT Pemeringkat Efek Indonesia (Pefindo) on
     (Pefindo) pada 26 Maret 2024.                                    March 26, 2024.

     Perusahaan         juga      diwajibkan      untuk               The Company is also required to maintain certain
     mempertahankan rasio-rasio keuangan tertentu                     financial ratios base on annual financial statements
     berdasarkan laporan keuangan tahunan yang telah                  which have been audited by public accounting firm
     diaudit oleh kantor akuntan publik yang terdaftar di             registered in OJK during the bonds payable as
     OJK selama periode utang obligasi sebagai berikut:               follows:

     a)   Interest Coverage Ratio (ICR) (rasio cakupan                a)   Minimum Interest Coverage Ratio (ICR) of
          bunga) minimal 1,1:1; dan                                        1.1:1; and
     b)   Debt to Equity Ratio (DER) (rasio utang)                    b)   Maximum Debt to Equity Ratio (DER) (debt
          maksimal 5:1                                                     ratio) of 5:1

     Obligasi ini tidak dijamin dengan suatu agunan                   The Bonds are not collateralized by a specific
     khusus, tetapi dijamin dengan seluruh harta                      collateral, but are collateralized by the Company’s
     kekayaan Perusahaan baik barang bergerak                         entire assets, either movable or immovable,
     maupun barang tidak bergerak, baik yang telah ada                whether existing or will exist in the future.
     maupun yang akan ada di kemudian hari.

     Pada tanggal 31 Desember 2025 dan 2024,                          As of December 31, 2025 and 2024, the Company
     Perusahaan telah memenuhi seluruh rasio                          has met the financial ratio requirements.
     keuangan yang dipersyaratkan.

    Obligasi Berkelanjutan III Tahap II PT Jasa Marga                 Shelf Registry Bond III Phase II PT Jasa Marga
    Tahun 2025                                                        2025

     Pada tanggal 4 September 2025, Perusahaan                        On September 4, 2025, the Company received an
     memperoleh pernyataan efektif dari OJK atas                      effective statement from the OJK regarding the
     penerbitan Obligasi Berkelanjutan III Jasa Marga                 issuance of the 2025 Phase II Jasa Marga III
     Tahap II Tahun 2025 (“Obligasi”) dalam 3 (tiga) seri             Sustainable Bonds ("Bonds") in 3 (three) series
     dengan nilai nominal, suku bunga dan jatuh tempo                 with nominal value, interest rate, and maturity as
     berikut:                                                         follows:




                                                            117
Page 951
PT JASA MARGA (PERSERO) Tbk                                                           PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                          For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                              As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

25. UTANG OBLIGASI (lanjutan)                                         25. BONDS PAYABLE (continued)

    Obligasi Berkelanjutan III Tahap II PT Jasa Marga                     Shelf Registry Bond III Phase II PT Jasa Marga
    Tahun 2025 (lanjutan)                                                 2025 (continued)

     1. Seri A sebesar Rp120.000 dan suku bunga                           1. Series A amounting to Rp120,000 and annual
        6,40% per tahun, akan jatuh tempo pada                               interest rate of 6.40%, will mature on
        tanggal 4 September 2028.                                            September 4, 2028.

     2. Seri B sebesar Rp100.000 dan suku bunga                           2. Series B amounting to Rp100,000 and annual
        6,60% per tahun, akan jatuh tempo pada                               interest rate of 6.60%, will mature on
        tanggal 4 September 2030.                                            September 4, 2030.

     3. Seri C sebesar Rp780.000 dan suku bunga                           3. Series C amounting to Rp780,000 and annual
        7,15% per tahun, akan jatuh tempo pada                               interest rate of 7.15%, will mature on
        tanggal 4 September 2035.                                            September 4, 2035.

     Total dana yang diterima Perusahaan pada tanggal                     The total funds received by the Company on
     4 September 2025 dari hasil penerbitan Obligasi                      September 4, 2025, from the issuance of Bonds
     adalah sebesar Rp1.000.000. Bertindak sebagai                        amounted to Rp1,000,000. Acting as the trustee is
     wali amanat adalah PT Bank Mega Tbk dan sesuai                       PT Bank Mega Tbk and, according to the
     dengan prospektus penerbitan obligasi Perusahaan,                    Company's bond issuance prospectus, these funds
     dana tersebut akan digunakan untuk:                                  will be used for:

     1.   Pembayaran      penuh          pokok       Obligasi            1.     Full payment of the principal of the 2020
          Berkelanjutan II Jasa          Marga      Tahap I                     Phase I Series B Sustainable Bonds of Jasa
          Tahun 2020 Seri B; dan                                                Marga; and

    2.    Penyetoran modal kepada PT Jasamarga                           2.     Capital contributions to PT Jasamarga Japek
          Japek Selatan (JJS), PT Jasamarga Jogja                               Selatan (JJS), PT Jasamarga Jogja Bawen
          Bawen (JJB), dan PT Jasamarga Probolinggo                             (JJB), and PT Jasamarga Probolinggo
          Banyuwangi (JPB)                                                      Banyuwangi (JPB)

     Peringkat obligasi ini adalah idAA berdasarkan                       The bond rating is idAA based on the rating from
     peringkat dari PT Pemeringkat Efek Indonesia                         PT Pemeringkat Efek Indonesia (Pefindo) on
     (Pefindo) pada 06 Maret 2025.                                        March 06, 2025.

     Perusahaan         juga      diwajibkan      untuk                   The Company is also required to maintain certain
     mempertahankan rasio-rasio keuangan tertentu                         financial ratios base on annual financial statements
     berdasarkan laporan keuangan tahunan yang telah                      which have been audited by public accounting firm
     diaudit oleh kantor akuntan publik yang terdaftar di                 registered in OJK during the bonds payable as
     OJK selama periode utang obligasi sebagai berikut:                   follows:

     a)   Interest Coverage Ratio (ICR) (rasio cakupan                        a) Minimum Interest Coverage Ratio (ICR) of
          bunga) minimal 1,1:1; dan                                              1.1:1; and
     b)   Debt to Equity Ratio (DER) (rasio utang)                            b) Maximum Debt to Equity Ratio (DER) of 5:1
          maksimal 5:1

     Obligasi ini tidak dijamin dengan suatu agunan                       The Bonds are not collateralized by a specific
     khusus, tetapi dijamin dengan seluruh harta                          collateral, but are collateralized by the Company’s
     kekayaan Perusahaan baik barang bergerak                             entire assets, either movable or immovable,
     maupun barang tidak bergerak, baik yang telah ada                    whether existing or will exist in the future.
     maupun yang akan ada di kemudian hari.

     Pada tanggal 31 Desember 2025 dan 2024,                              As of December 31, 2025 and 2024, the Company
     Perusahaan telah memenuhi seluruh rasio                              has met the financial ratio requirements.
     keuangan yang dipersyaratkan.




                                                                118
Page 952
PT JASA MARGA (PERSERO) Tbk                                                                 PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                               For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                   As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                      (Expressed in millions of Rupiah, unless otherwise stated)

26. LIABILITAS PEMBEBASAN TANAH                                           26. LAND ACQUISITION LIABILITIES
                                                            2025                2024
      Pihak Berelasi - Jangka Panjang (Catatan 43)                                                 Related Parties - Long Term (Note 43)
        Perusahaan                                             108.292              109.008                              The Company
      Total                                                    108.292              109.008                                          Total

     Akun ini merupakan liabilitas Entitas Anak atas                          This account represents liabilities of the
     dana talangan pembelian tanah dan untuk                                  Subsidiaries for the bail out loan and for land
     pembangunan ruas jalan tol dengan menggunakan                            acquisition and for construction of toll roads by
     dana talangan Badan Layanan Umum Badan                                   using bail out loan from the Public Service
     Pengatur Jalan Tol. Penggunaan dana talangan                             Assistance Unit - the Indonesian Toll Road
     tersebut oleh JSM adalah untuk pembangunan ruas                          Authority. The use of bail out funds by JSM is for
     jalan tol Surabaya - Mojokerto, MTN adalah untuk                         construction of Surabaya - Mojokerto toll road,
     pembangunan ruas Tol Kunciran - Serpong dan                              MTN is for construction of Kunciran - Serpong Toll
     JKC adalah untuk pembangunan ruas tol                                    road and JKC is for construction of Cengkareng -
     Cengkareng - Batu Ceper - Kunciran.                                      Batu Ceper - Kunciran Toll Road.

     Selain itu, kewajiban pembebasan tanah juga                             In addition, the land acquisition liabilities also
     merupakan kewajiban pembebasan tanah untuk                              represent settlement of payable for widening of
     pelunasan utang ganti rugi pelebaran Jalan Tol                          Sedyatmo Toll Road to Ministry of Environment and
     Sedyatmo ke Kementerian Lingkungan Hidup dan                            Forestry.
     Kehutanan.

     Rincian mutasi realisasi liabilitas pembebasan                          Details of the realization mutation of land acquisition
     tanah:                                                                  liabilities:
                                                            2025                2024
      Saldo Awal                                               109.008           1.549.910                           Beginning Balance
      Pembayaran utang pembebasan lahan                           (716)           (898.942)        Payment of land acquisition liabilities
      Pengurang nilai pokok ke Hak Pengusahaan                                                     Deduction of principal amount to Toll
        Jalan Tol (Catatan 13)                                       -            (541.960)        Road Concession Rights (Note 13)
      Saldo Akhir                                              108.292             109.008                             Ending Balance



27. LIABILITAS SEWA                                                       27. LEASE LIABILITIES

     Kelompok Usaha menandatangani beberapa                                  The Group entered into several lease agreements
     perjanjian sewa yang berkaitan dengan sewa lahan,                       which are related to rent of land, buildings, vehicles,
     gedung, kendaraan, alat pengangkutan dan                                transportation equipment and other equipments.
     peralatan lainnya. Perjanjian sewa biasanya                             Rental agreements are typically made for fixed
     memiliki periode tetap dari 1 tahun sampai dengan                       period of 1 year to 5 years. Lease terms are
     5 tahun. Ketentuan sewa dinegosiasikan secara                           negotiated on an individual basis and contain a wide
     individu dan mengandung syarat dan ketentuan                            range of different terms and conditions. The lease
     yang berbeda. Perjanjian sewa tidak memberikan                          agreements do not impose any convenants, but
     persyaratan apapun, tetapi aset hak guna tidak                          right of use assets may not be used as security for
     dapat digunakan sebagai jaminan atas pinjaman.                          borrowing purposes.

     Laporan posisi keuangan konsolidasian pada                              The consolidated statement of financial position as
     tanggal 31 Desember 2025 dan 2024 menyajikan                            at December 31, 2025 and 2024 shows the following
     saldo berikut berkaitan dengan sewa:                                    amounts related to leases:

                                                           2025               2024
     Liabilitas Sewa                                          189.590            124.018                                   Lease Liabilites
     Bagian yang Jatuh Tempo
       Dalam Waktu Satu Tahun                                (87.593)            (64.199)                       Current Maturities Portion
     Bagian Jangka Panjang                                   101.997              59.819                             Long - Term Portion




                                                                   119
Page 953
PT JASA MARGA (PERSERO) Tbk                                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                  For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                      As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                         (Expressed in millions of Rupiah, unless otherwise stated)

27. LIABILITAS SEWA (lanjutan)                                               27. LEASE LIABILITIES (continued)

                                                               2025              2024
     Kendaraan bermotor                                                                                                                   Vehicles
       PT Surya Sudeco                                             19.292           25.688                                     PT Surya Sudeco
       PT Metrindo                                                 19.008           10.589                                           PT Metrindo
       PT Lintas Cakra Cipta                                       18.928            9.717                                 PT Lintas Cakra Cipta
       PT Multi Adhi Perkasa                                       15.732            9.933                                PT Multi Adhi Perkasa
       PT Resqtec Indonesia                                        14.548            5.044                                 PT Resqtec Indonesia
       PT Citra Persada Infrastruktur                              12.480                -                         PT Citra Persada Infrastruktur
       Koperasi Jasa Marga Bakti                                   11.605           13.323                            Koperasi Jasa Marga Bakti
       PT Pratama Mitra Sejati                                     10.797                -                               PT Pratama Mitra Sejati
       PT Bangun Persada Transportation                             8.081                -                     PT Bangun Persada Transportation
       PT Pulo Air Biru                                             7.025            6.342                                       PT Pulo Air Biru
       PT Armada Antar Lintas Nusa                                  6.485            9.359                         PT Armada Antar Lintas Nusa
       PT Torin Citra Sejahtera                                     6.425            3.096                               PT Torin Citra Sejahtera
       PT Bumi Jasa Utama                                           6.370            2.686                                  PT Bumi Jasa Utama
       PT Surya Darma Perkasa                                       6.319            5.779                              PT Surya Darma Perkasa
       PT Adi Sarana Armada                                         4.670            5.409                                PT Adi Sarana Armada
       PT Pesona Lintang Kemukus                                    4.636                -                          PT Pesona Lintang Kemukus
       PT Otni Elektra                                              2.661                -                                        PT Otni Elektra
       PT Husada Putra Pratama                                      2.617                -                             PT Husada Putra Pratama
       PT Go Rental                                                 2.112                -                                         PT Go Rental
       PT Leo Anugerah Sukses                                       2.103            2.879                              PT Leo Anugerah Sukses
       Lain-lain (di bawah Rp2.000)Others (below Rp2,000)           5.360           10.313                               Others (below Rp2,000)
     Subtotal                                                     187.254          120.157                                                Subtotal

     Peralatan dan Perlengkapan Kantor                                                                              Office Equipment and Supplies
       PT Mitra Integrasi Informatika                               2.306               3.706                        PT Mitra Integrasi Informatika
       Lain-lain (di bawah Rp2.000)                                    30                 155                              Others (below Rp2,000)
     Subtotal                                                       2.336               3.861                                                Subtotal
     Dikurangi: Bagian jatuh tempo 1 tahun                         87.593              64.199                              Less: short-term portion
     Bagian tidak lancar                                          101.997              59.819                                  Non - current portion


     Laporan laba rugi menyajikan                   saldo   berikut             The statement of profit or loss shows the following
     berkaitan dengan sewa:                                                     amounts related to leases:

                                                               2025              2024
     Depresiasi atas aset hak guna (Catatan 11)                                                  Depreciation related to right-of-use assets (Note 11)
       Kendaraan Bermotor                                          93.726           82.782                                                 Vehicles
       Gedung Kantor dan Bangunan Lain                              8.715            5.705                              Office and Other Buildings
       Peralatan Operasi dan Kantor                                   258            3.094                      Operational and Office Equipment
     Beban sewa jangka pendek (Catatan 37 dan 38)                  62.237           75.306                Current leases expense (Notes 37 and 38)
     Beban bunga (Catatan 41)                                      10.845            8.230                                  Interest expense (Note 41)
     Total                                                        175.781          175.117                                                       Total


    Pergerakan pada liabilitas sewa yang timbul dari                             The movement in the lease liabilities arising from
    aktivitas pendanaan di 2025 dan 2024 adalah                                  financing activities in 2025 and 2024 were as
    sebagai berikut:                                                             follows:

                                                               2025             2024
     Pada Awal Tahun                                              124.018          132.749                          At the Beginning of the Year
     Penambahan liabilitas sewa                                   169.337           54.460                               Addition of lease liabilities
     Penambahan dari efek kombinasi bisnis                              -            4.394                        Addition of business combination
     Beban bunga liabilitas sewa                                   10.845            8.230                               Interest on lease liabilities
     Pembayaran liabilitas sewa (Catatan 48)                     (114.610)         (75.815)                    Payment of lease liabilities (Note 48)
     Saldo Akhir Tahun                                            189.590          124.018                            Ending Balance of the Year




                                                                      120
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PT JASA MARGA (PERSERO) Tbk                                                                PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                      AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                              For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                  As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                     (Expressed in millions of Rupiah, unless otherwise stated)

28. PROVISI PELAPISAN JALAN TOL                                           28. PROVISION FOR OVERLAY

     Jumlah dari provisi pelapisan jalan tol ini terdiri dari:              The amounts of provision for overlay are as follows:

                                                            2025             2024
     Saldo Awal                                              1.411.361        1.273.503                                Beginning Balance
     Penambahan (Catatan 37)                                   832.158          896.910                                 Addition (Note 37)
     Dampak Akuisisi Entitas Anak                                    -           27.262                      Subsidiary Acquisition Impact
     Realisasi                                                (855.787)        (786.314)                                       Realization
     Saldo Akhir                                             1.387.732        1.411.361                                  Ending Balance
     Bagian Jangka Pendek                                      716.991          728.154                                   Current Portion
     Bagian Jangka Panjang                                     670.741          683.207                                 Long-term Portion
     Total                                                   1.387.732        1.411.361                                            Total



29. PENDAPATAN DITERIMA DI MUKA                                           29. UNEARNED REVENUE

     Pendapatan diterima di muka merupakan jumlah                           Unearned revenue represents amounts received
     dari pendapatan sewa iklan, lahan, tempat                              from rental of advertisements, space, rest areas, and
     peristirahatan, dan pemanfaatan Ruang Milik Jalan                      for use of the Space Owned Toll Road Area
     Tol (Rumijatol).                                                       (Rumijatol).

                                                           2025               2024
     Uang Muka Penjualan Properti                             75.629              34.421         Advance Payment for Property Sales
     Sewa Lahan Pemanfaatan RUMIJA                            34.382              21.712            Rent of RUMIJA Utilization Land
     Sewa Lahan Iklan                                         30.627              74.151                      Advertising Land Rent
     Sewa Lahan Tempat Peristirahatan                         31.255              40.109                        Rest Area Land Rent
     Lainnya (Di bawah Rp2.000)                               25.096               4.313                      Other (Below Rp2,000)
     Subtotal                                                196.989             174.706                                     Subtotal
     Dikurangi bagian jangka pendek                         (130.663)           (104.112)                    Less: short-term portion
     Bagian jangka panjang                                    66.326              70.594                         Long-term portion



30. LIABILITAS IMBALAN KERJA                                              30. EMPLOYEE BENEFITS LIABILITIES

     Rincian liabilitas imbalan kerja jangka panjang adalah                 The long-term employee benefits liability with detail
     sebagai berikut:                                                       are follows:

                                                            2025             2024
     Perusahaan                                                                                                            The Company
       Program Kesehatan Pensiunan                            631.160          622.153                      Pension Healthcare Program
       Program Purna Karya                                    501.512          479.331                 Post-Retirement Benefits Program
       Program Pasca kerja lainnya                            204.521          158.625          Other Post-Employment Benefits Program
       Program Jangka Panjang Lainnya                          32.501           23.115       Other Long-term Employee Benefits Program
       Program Pensiun                                          4.102              667                                    Pension Plan
     Subtotal                                                1.373.796        1.283.891                                         Subtotal




                                                                   121
Page 955
PT JASA MARGA (PERSERO) Tbk                                                                   PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                    As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                       (Expressed in millions of Rupiah, unless otherwise stated)

30. LIABILITAS IMBALAN KERJA (lanjutan)                                    30. EMPLOYEE BENEFITS LIABILITIES (continued)

                                                            2025               2024
    Entitas Anak                                                                                                                Subsidiaries
       Program Pensiun dan Imbalan                                                                        Pension Program and Other Post
         Pascakerja Lainnya                                                                                            Benefits Program
         PT Jasamarga Transjawa Tollroad                         11.791             11.046             PT Jasamarga Transjawa Tollroad
         PT Jasamarga Bali Tol                                    6.985              5.537                        PT Jasamarga Bali Tol
         PT Jasamarga Related Business                            5.218              4.950               PT Jasamarga Related Business
         PT Marga Sarana Jabar                                      631                549                       PT Marga Sarana Jabar
         PT Jasamarga Tollroad Maintenance                          470                   -          PT Jasamarga Tollroad Maintenance
         PT Jasamarga Japek Selatan                                 444                310                  PT Jasamarga Japek Selatan
         PT Jasamarga Kunciran Cengkareng                           344                206           PT Jasamarga Kunciran Cengkareng
         PT Jasamarga Balikpapan Samarinda                          341                252          PT Jasamarga Balikpapan Samarinda
         PT Cinere Serpong Jaya                                     276                192                      PT Cinere Serpong Jaya
         PT Jasamarga Probolinggo Banyuwangi                        104                 74        PT Jasamarga Probolinggo Banyuwangi
         PT Jasamarga Kualanamu Tol                                  75                 54                 PT Jasamarga Kualanamu Tol
         PT Jasamarga Manado Bitung                                  61                133                 PT Jasamarga Manado Bitung
         PT Jasamarga Jogja Bawen                                     5                  3                   PT Jasamarga Jogja Bawen
       Subtotal                                                   26.745             23.306                                        Subtotal
    Total liabilitas imbalan kerja                            1.400.541          1.307.197                  Employee benefits liabilities total
    Dikurangi bagian jangka pendek                              (53.761)           (45.228)                             Less: current Portion
    Bagian jangka panjang                                    1.346.780          1.261.969                                Long-term portion


     Mutasi liabilitas imbalan pascakerja yang diakui                         The movements in the post-employment benefits
     adalah sebagai berikut:                                                  liability are as follows:
                                                            2025               2024

    Liabilitas pada Awal Tahun                               1.307.197          1.317.903               Liabilities at the beginning of the year
    Penyesuaian Saldo Awal                                       3.644                  -                  Adjustments on Beginning Balance
    Penyesuaian atas Akuisisi                                                                                     Adjustments on Combination
      Bisnis Kombinasi                                               -              1.493                               Business Acquisitions
    Beban Imbalan Kerja                                        188.320            211.858                           Employee Benefit Expense
    Penghasilan Komprehensif Lain                              228.871             (5.010)                       Other Comprehensive Income
    Pembayaran Imbalan Kerja Tahun Berjalan                   (327.491)          (219.047)            Current Year Employee Benefit Payment
    Liabilitas pada Akhir Tahun                              1.400.541          1.307.197                   Liabilities at the End of the Year


     Estimasi liabilitas imbalan kerja          yang       diakui             The estimated employee benefits liabilities
     Perusahaan adalah sebagai berikut:                                       recognized by the Company are as follows:

     a.   Program Kesehatan Pensiunan                                          a.     Pension Healthcare Program

          Perusahaan       menyelenggarakan     program                               The Company established a healthcare facility
          fasilitas kesehatan untuk karyawan yang sudah                               for employees who had retired together with
          pensiun bersama dengan keluarganya.                                         their families. Based on the Directors’ Decision
          Berdasarkan Surat Keputusan Direksi No.                                     Letter       No.     228/KPTS/2006,       dated
          228/KPTS/2006, tanggal 26 Desember 2006,                                    December 26, 2006 regarding Improvement of
          tentang Penyempurnaan Keputusan Direksi                                     the Directors’ Decrees No. 61/KPTS/2001
          No. 61/KPTS/2001         tentang      Jaminan                               about The Management of Health Maintenance
          Pemeliharaan Kesehatan Pensiunan dan                                        for the Pensioner and Family, which its
          Keluarga, yang bertujuan untuk tetap menjaga                                objective is to allow the pensionary and their
          agar pensiunan dan keluarga pensiunan dapat                                 family to have a healthy life and high
          melakukan pola hidup sehat dan memiliki                                     productivity, the pensionary family that are
          produktivitas yang tinggi, keluarga pensiunan                               eligible to receive medical assistance from the
          yang mendapat bantuan pengobatan dari                                       Company are limited to 3 (three) children that
          Perusahaan dibatasi dengan jumlah sebanyak-                                 are registered with the Company. The
          banyaknya 3 (tiga) anak dan telah terdaftar di                              Company does not undertake any funding for
          Perusahaan. Perusahaan tidak melakukan                                      this Program.
          pendanaan untuk Program ini.

          Jumlah karyawan yang berhak atas imbalan                                    The number of employees entitled to these
          tersebut pada tanggal 31 Desember 2025 dan                                  benefits as of December 31, 2025 and 2024
          2024 masing-masing sebanyak 8.731 dan                                       amounting to 8,731 and 9,065 employees with
          9.065 karyawan beserta keluarganya sesuai                                   their families in accordance with the Company
          Peraturan Perusahaan.                                                       Regulation.

                                                                    122
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PT JASA MARGA (PERSERO) Tbk                                                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                         FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                            For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                   (Expressed in millions of Rupiah, unless otherwise stated)

30. LIABILITAS IMBALAN KERJA (lanjutan)                                                30. EMPLOYEE BENEFITS LIABILITIES (continued)

     a.   Program Kesehatan Pensiunan (lanjutan)                                           a.     Pension Healthcare Program (continued)
                                                                       2025                     2024
            Nilai Kini Liabilitas - Awal Tahun                            622.153                 618.557              Present Value Liability - Beginning of Year
            Biaya Bunga                                                    43.551                  43.299                                            Interest Cost
            Biaya Jasa Kini                                                 6.993                   7.565                                   Current Service Cost
            Pembayaran Imbalan                                            (87.319)                (72.168)                                     Benefits Payments
            Nilai Kini Liabilitas - Akhir Tahun                           585.378                 597.253                   Present Value Liability - End of Year
           Pengukuran kembali liabilitas imbalan pasti neto                                                         Re-measurement of net liability defined return
                - Kerugian dari Perubahan Asumsi                              19.701                    -               Loss from Changes In - Assumptions
               - Penyesuaian atas Pengalaman                                  26.081               24.900                       Adjustment of Experiences -
           Nilai Kini Liabilitas -                                                                                                     Present Value Liability -
               Akhir Tahun                                                631.160                 622.153                                         End of Year



          Rincian (keuntungan)/kerugian aktuaria dalam                                            The details of actuarial (gains)/losses in other
          penghasilan komprehensif lain adalah sebagai                                            comprehensive income are as follows:
          berikut:

                                                                       2025                     2024
          Kerugian aktuarial                                                                                                                     Actuarial loss
            - Perubahan asumsi aktuarial                                   19.701                       -                     Actuarial assumption changes -
            - Penyesuaian atas pengalaman                                  26.081                  24.900                           Experiences adjustment -
          Biaya yang diakui dalam -                                                                                                        Recognized cost at -
            Penghasilan Komprehensif Lain                                  45.782                  24.900                     Other Comprehensive Income


          Rincian beban yang diakui dalam laporan laba                                            The details of the expenses recognized in the
          rugi konsolidasian adalah sebagi berikut:                                               consolidated statement of profit or loss are as
                                                                                                  follows:
                                                                        2025                    2024
            Biaya Jasa Kini                                                    6.993                    7.565                               Current Service Cost
            Biaya Bunga                                                       43.551                   43.299                                       Interest Cost
            Beban yang Diakui                                                 50.544                   50.864                             Recognized Expenses


          Asumsi aktuaria yang digunakan dalam                                                    The actuarial assumptions used in determining
          menentukan beban dan liabilitas imbalan                                                 the    expenses       and     liabilities   of
          pascakerja adalah sebagai berikut:                                                      post-employment benefits are as follows:
                                                                2025                               2024
          Tingkat Diskonto                                    6,75%                             7,00%                                               Discount Rate
          Estimasi Kenaikan Biaya Kesehatan          6% menurun linier sampai 4%     6% menurun linier sampai 4%                            Health Care Increment
                                                           kemudian flat/                   kemudian flat/
                                                      6% decreased linearly to         6% decreased linearly to
                                                            4% then flat                     4% then flat
          Proporsi Usia Pensiun Normal                                            100%                                        Proportion of Normal Retirement Age
          Tingkat Mortalitas                             TMI 4 & GAM 1971                  TMI 4 & GAM 71                                           Mortality Rate
          Tingkat Cacat                              10% dari TMI 4/ 10% of TMI 4    10% dari TMI 4/ 10% of TMI 4                                   Disability Rate
                                                                                      Tingkat perputaran pekerja/
          Tingkat Perputaran Pekerja                          Usia/ Age
                                                                                            Turnover rate
                                                               15 – 29                            6%
                                                               30 – 34                            3%
                                                               35 – 39                           1,8%
                                                               40 – 50                           1,2%
                                                               51 – 52                           0,6%
                                                                > 52                             0,0%
          Usia Pensiun Normal (tahun)                             56                              56                               Normal Retirement Age (years)


          Sensitivitas juga dihitung dengan metode                                                Sensitivities are also calculated with the
          Projected-Unit-Credit sebagaimana diterapkan                                            Projected-Unit-Credit method as applied when
          ketika menghitung nilai kini kewajiban imbalan                                          calculating present value of defined benefit
          pasti. Analisis sensitivitas didasarkan pada                                            obligation. The sensitivity analyses are based
          perubahan satu asumsi dan menganggap                                                    on a change of one assumption while holding
          semua asumsi lainnya konstan.                                                           all other assumptions constant.



                                                                           123
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PT JASA MARGA (PERSERO) Tbk                                                                PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                      AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                             For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                 As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                    (Expressed in millions of Rupiah, unless otherwise stated)

30. LIABILITAS IMBALAN KERJA (lanjutan)                                 30. EMPLOYEE BENEFITS LIABILITIES (continued)

     a.   Program Kesehatan Pensiunan (lanjutan)                            a.   Pension Healthcare Program (continued)

                                                           2025                   2024
          Analisis Sensitivitas                                                                                         Sensitivity Analysis
          Nilai Kini Kewajiban                         631,160                   622,153                             Present Value Defined
            Imbalan Pasti                                                                                             Benefit Obligations
          Asumsi Tingkat Diskonto                                                                               Discount Rate Assumptions
            + 1,00%                                    689,232                   573,692                                          + 1,00%
            - 1,00%                                    581,610                   678,817                                          - 1,00%
          Asumsi Tingkat Inflasi Biaya Kesehatan                                                      Healthcare Inflation Rate Assumptions
            + 1,00%                                    624,720                   628,374                                          + 1,00%
            - 1,00%                                    637,472                   615,807                                          - 1,00%


     b.   Program Pensiun                                                   b.   Pension Program

          Perusahaan     menyelenggarakan    program                             The company conducts a defined benefit
          pensiun manfaat pasti untuk pegawai tetap                              pension program for permanent employees,
          yang dikelola oleh Dana Pensiun Jasa Marga                             which is managed by the Jasa Marga Pension
          (DPJM). Manfaat pensiun yang akan dibayar                              Fund (DPJM). The pension benefits to be paid
          dihitung berdasarkan penghasilan dasar                                 are calculated based on the employee's basic
          pensiun dan masa kerja pegawai.                                        pension earnings and length of service.

          DPJM telah mendapat persetujuan dari                                   The DPJM has been authorized by the Decree
          Menteri   Keuangan    Republik    Indonesia                            of the Ministry of Finance of the Republic of
          No. KEP-370/KM.17/1997, tanggal 15 Juli 1997                           Indonesia No. KEP-370/KM.17/1997,      dated
          dan     diperbaharui      dengan       Surat                           July   15,     1997    and    amended      by
          Keputusan    Otoritas    Jasa    Keuangan                              the Decree of Financial Services Authority
          No. KEP-578/NB.11/2018 tanggal 25 Mei 2018.                            No. KEP-578/NB.11/2018 dated May 25, 2018.

          Jumlah iuran karyawan untuk program pensiun                            The employees contribute 3% of their basic
          sebesar 3% dari gaji pokok dan sisa                                    salaries to the plan and the remaining funding
          pendanaan sebesar 23,96% menjadi beban                                 of 23.96% is contributed by the Company.
          Perusahaan.

          Pada tanggal 31 Desember 2025 dan 2024,                                As of December 31, 2025 and 2024, the number
          jumlah karyawan yang berhak memperoleh                                 of employees are entitled to these benefits are
          manfaat tersebut adalah sebanyak 1.306                                 1,306 active employees and 1,436 active
          karyawan aktif dan 1.436 karyawan aktif                                employees.

          Khusus untuk karyawan yang masuk mulai                                 Employee that enroll from 2012, the retirement
          tahun 2012, program pensiunnya dikelola oleh                           program is managed by Dana Pensiun
          Dana Pensiun Lembaga Keuangan AXA                                      Lembaga Keuangan AXA Mandiri in form of
          Mandiri berupa program pensiun iuran pasti                             defined contribution pension program which
          yang telah disahkan oleh Menteri Keuangan                              has been authorized by the Ministry of Finance
          Republik Indonesia melalui Surat Keputusan                             of the Republic of Indonesia 171-KMK/7/1993
          No.     Kep.     171-KMK/7/1993     tanggal                            on August 16, 1993. As of December 31, 2025
          16     Agustus    1993.    Pada     tanggal                            and 2024, the number of employees which are
          31 Desember 2025 dan 2024, jumlah karyawan                             entitled to these benefits are 455 and 418 active
          yang berhak memperoleh manfaat tersebut                                employees.
          adalah sebanyak 455 dan 418 karyawan aktif.

          Pada tanggal 31 Desember 2025 dan 2024,                                As of December 31, 2025 and 2024, the defined
          iuran pasti yang ditanggung oleh perusahaan                            contribution borne by the company was Rp222
          masing-masing sebesar Rp222 dan Rp201,                                 and Rp201, respectively, while the defined
          sedangkan iuran pasti yang ditanggung oleh                             contribution borne by the employees was Rp28
          karyawan masing-masing sebesar Rp28 dan                                and Rp25, respectively.
          Rp25.

          Rekonsiliasi jumlah yang diakui dalam laporan                          The reconciliation of amount recognized in the
          posisi keuangan adalah sebagai berikut:                                statement of financial position as follows:



                                                                  124
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PT JASA MARGA (PERSERO) Tbk                                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                              For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                  As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                     (Expressed in millions of Rupiah, unless otherwise stated)

30. LIABILITAS IMBALAN KERJA (lanjutan)                                  30. EMPLOYEE BENEFITS LIABILITIES (continued)

     b.   Program Pensiun (lanjutan)                                         b.     Pension Program (continued)

                                                           2025                   2024
          Nilai Kini Liabilitas                             1,860,408              1,658,911                           Present Value of Liabilities
          Nilai Wajar Aset Program                         (1,856,306)            (1,658,244)                              Fair Value Plan Assets
          Liabilitas Neto                                       4,102                    667                                        Net Liabilities


          Rekonsiliasi saldo awal dan akhir nilai kini                              The reconciliation of the opening and ending
          liabilitas adalah sebagai berikut:                                        balances of the present value of liabilities is as
                                                                                    follows:

                                                           2025                   2024
          Nilai Kini Liabilitas - Awal Tahun                1.658.911              1.656.623           Present Value Liability - Beginning of Year
          Penyesuaian Nilai Kini Liabilitas                    22.854                      -         Adjustment of the Present Value of Liabilities
          Biaya Bunga                                         117.724                111.822                                          Interest Cost
          Biaya Jasa Kini                                      19.464                 17.381                                 Current Service Cost
          Pembayaran Imbalan                                 (115.528)              (109.388)                                   Benefits Payments
          Nilai Kini Liabilitas - Akhir Tahun                                                               Present Value Liability - End of Year
            (Ekspektasi)                                    1.703.425              1.676.438                                       (Expectation)
          Pengukuran kembali liabilitas                                                                           Re-measurement of net liability
            imbalan pasti neto                                                                                               of defined benefits
               - (Keuntungan)/Kerugian dari                                                                    (Gain)/Loss from Changes In -
                   Perubahan Asumsi                           128.347                 (4.268)                                 Assumptions
               - Penyesuaian atas Pengalaman                   28.636                (13.259)                        Experience Adjustment -
          Nilai Kini Liabilitas - Akhir Tahun               1.860.408              1.658.911           Present Value of Liabilities - End of Year


          Rekonsiliasi saldo awal dan akhir nilai wajar                             The reconciliation of the beginning and ending
          aset program adalah sebagai berikut:                                      balances of the fair value plan of asset is as
                                                                                    follows:

                                                           2025                   2024
          Nilai Wajar Aset Program                                                                                   Fair Value Assets Program -
            - Awal Tahun                                    1.658.244              1.664.221                      Beginning of Period/ Year
          Penyesuaian Nilai Wajar Aset Program                 19.212                      -               Adjustment Fair Value Assets Program
          Pendapatan Bunga                                    117.422                112.335                                      Interest Income
          Pengukuran Kembali Imbal Hasil atas                                                                       Reamesurement on Return of
            Aset Program                                       19.697                (26.468)                                        Plan Asset
          Pembayaran Iuran - Pemberi Kerja                    155.429                 15.588             Payment of Contributions from Employer
          Pembayaran Iuran - Peserta Program                    1.830                  1.956             Payment of Contributions from Employee
          Pembayaran Imbalan Kerja                           (115.528)              (109.388)                                       Benefits Paid
          Aset Program Akhir Tahun                          1.856.306              1.658.244                      Plan Assets - End of the Year


          Rincian (keuntungan)/kerugian aktuaria dalam                              The details of actuarial (gains)/losses in the
          penghasilan komprehensif lain adalah sebagai                              other comprehensive income are as follows:
          berikut:

                                                           2025                   2024
          Pengukuran kembali liabilitas (aset)                                                                 Re-Measurement of define benefit
             imbalan pasti neto                                                                                             liability (asset), net
          (Keuntungan) dan kerugian aktuarial                                                                            Actuarial (gain) and loss
            - Perubahan asumsi aktuarial                     128.347                  (4.268)                  Actuarial Assumption Changes -
            - Penyesuaian atas pengalaman                     28.636                 (13.259)                      Adjustment for Experience -
          Imbal hasil atas aset program                      (19.697)                 26.468                                Return of plan's asset
          Dampak batas atas                                        -                  (7.598)                                   Upper Limit effect
          Biaya yang diakui dalam Penghasilan -                                                                      Recognized cost at Other -
            Komprehensif Lain                                137.286                     1.343                        Comprehensive Income


          Rincian beban yang diakui dalam laba rugi                                 The details of the expenses recognized in the
          adalah sebagai berikut:                                                   profit or loss are as follows:

                                                           2025                   2024
          Biaya Jasa Kini                                      17.634                 15.425                                Current Service Cost
          Bunga Neto atas Liabilitas                              302                   (513)                              Net Interest of Liability
          Beban yang Diakui                                    17.936                 14.912                              Recognized Expenses



                                                              125
Page 959
PT JASA MARGA (PERSERO) Tbk                                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                    For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                        As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                           (Expressed in millions of Rupiah, unless otherwise stated)

30. LIABILITAS IMBALAN KERJA (lanjutan)                                     30. EMPLOYEE BENEFITS LIABILITIES (continued)

     b.   Program Pensiun (lanjutan)                                               b.    Pension Program (continued)

          Asumsi aktuaria yang digunakan dalam                                           The actuarial assumptions used in determining
          menentukan beban dan liabilitas imbalan                                        the expenses and liabilities fo post-employment
          pascakerja adalah sebagai berikut:                                             benefits are as follows:

                                                               2025                     2024
          Tingkat Diskonto                                    6,25%                    7,00%                                         Discount Rate
          Estimasi Kenaikan Gaji                              5,00%                    5,00%                                       Salary Increment
          Tingkat Mortalitas                               100% TMI IV              100% TMI IV                                      Mortality Rate
          Tingkat Cacat                                    10 % Tabel Mortalitas/ Mortality Table                                    Disability Rate
                                                                                 Tingkat perputaran
          Tingkat Perputaran Pekerja                        Usia/ Age
                                                                               pekerja/ Turnover rate
                                                              15 – 29                    6%
                                                              30 – 34                    3%
                                                              35 – 39                   1,8%
                                                              40 – 50                   1,2%
                                                              51 – 52                   0,6%
                                                               > 52                     0,0%
          Usia Pensiun Normal                                         56 tahun/ years                                        Normal Retirement Age
          Usia Pensiun Dini                                           46 tahun/ years                                         Early Retirement Age
          Proporsi Pengambilan Usia Pensiun Normal                         100%                                Proportion of Normal Retirement Age


                                                               2025                     2024
          Analisis Sensitivitas                                                                                                Sensitivity Analysis
          Nilai Kini Kewajiban Imbalan Pasti                1,860,408                1,658,911          Present Value Defined Benefit Obligations
          Asumsi Tingkat Diskonto                                                                                      Discount Rate Assumptions
            - 1,00%                                         2,015,705                1,797,704                                            - 1,00%
            + 1,00%                                         1,715,059                1,528,873                                            + 1,00%
          Asumsi Tingkat Kenaikan Gaji                                                                               Salary Increment Assumptions
            - 1,00%                                         1,694,402                1,509,220                                            - 1,00%
            + 1,00%                                         2,022,894                1,805,359                                            + 1,00%


          Sensitivitas juga dihitung dengan metode                                       Sensitivities are also calculated with the
          Projected-Unit-Credit sebagaimana diterapkan                                   Projected-Unit-Credit method as applied when
          ketika menghitung nilai kini kewajiban imbalan                                 calculating present value of defined benefit
          pasti. Analisis sensitivitas didasarkan pada                                   obligation. The sensitivity analyses are based
          perubahan satu asumsi dan menganggap                                           on a change of one assumption while holding
          semua asumsi lainnya konstan.                                                  all other assumptions constant.

                                                               2025                     2024
          Portofolio Aset Program                                                                                           Portfolio of Plan Asset
            Instrumen Ekuitas                                 10%                       11%                                     Equity Instrument
            Deposito Berjangka                                 6%                        3%                                        Time Deposits
            Obligasi                                           7%                        7%                                                  Bond
            Reksa Dana                                        72%                       77%                                          Mutual Fund
            Properti                                           1%                        1%                                               Property
            Aset Lainnya (Group Saving Product)                4%                        1%                  Other Assets (Group Saving Product)
          Total                                               100%                      100%                                                   Total


     c.   Program Purna Karya                                                      c.    Post-Retirement Benefits Program

          Berdasarkan       Surat   Keputusan    Direksi                                Based on the Company’s Directors Decree
          No.            163/KPTS/2003          tanggal                                 No. 163/KPTS/2003 dated September 23,
          23 September 2003, Perusahaan akan                                            2003, the Company provides retirement benefit
          memberikan tunjangan purna karya berupa                                       which is equal to 24 times the monthly salary
          pembayaran sekaligus sebanyak 24 kali                                         (excluding overtime and tax allowance) for
          penghasilan terakhir (diluar lembur dan                                       employees who cease work due to retirement,
          tunjangan pajak) kepada karyawan yang                                         death, or disability. Employees who have
          berhenti bekerja karena pensiun, meninggal,                                   reached retirement age are required to have a
          atau cacat. Bagi karyawan yang memasuki usia                                  minimum working period of 25 years to obtain
          pensiun dipersyaratkan memiliki masa kerja                                    this benefit. The decree was effective on
          minimal 25 tahun. Surat keputusan ini berlaku                                 January 1, 2003.
          efektif sejak tanggal 1 Januari 2003.


                                                                   126
Page 960
PT JASA MARGA (PERSERO) Tbk                                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                             For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                 As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                    (Expressed in millions of Rupiah, unless otherwise stated)

30. LIABILITAS IMBALAN KERJA (lanjutan)                                 30. EMPLOYEE BENEFITS LIABILITIES (continued)

     c.   Program Purna Karya (lanjutan)                                    c.     Post-Retirement            Benefits            Program
                                                                                   (continued)

          Jumlah iuran premi bulanan coming service                               The amount of monthly premium contribution
          setiap bulan adalah sebesar 6% dari                                     for coming service is 6% from insurance basic
          Penghasilan Dasar Asuransi (PhDA) dengan                                income (PhDA) which represent 4% and 2%
          proporsi Perusahaan dan karyawan masing-                                from insurance basic income of the Company
          masing sebesar 4% dan 2% dari PhDA.                                     and employee proportion, respectively.

          Perusahaan       mengadakan     kontrak   kerja                         The Company entered into a cooperation
          sama pengelolaan program Purna Karya                                    agreement to manage employee Post
          karyawan dengan AJB Bumiputera 1912,                                    Retirement with AJB Bumiputera 1912,
          melalui Perjanjian No. 34/Kontrak-DIR/2007                              through agreement No. 34/Kontrak-DIR/2007
          dan      No. 441/AJB/JM/PKS/12/07,      tanggal                         and No. 441/AJB/JM/PKS/12/07, dated
          19 Desember 2007. Perusahaan dan AJB                                    December 19, 2007. The Company and AJB
          Bumiputera 1912 telah mengadakan adendum I                              Bumiputera 1912 entered into addendum I
          melalui perjanjian No. 52/Kontrak-DIR/2019 dan                          through agreement No. 52/Kontrak-DIR/2019
          No. 007/BP-PT JM/ADD/VII/2019 tanggal                                   and No. 007/BP-PT JM/ADD/VII/2019 dated
          23 Juli 2019.                                                           July 23, 2019.

          Program Purna Karya dalam kontrak ini akan                              The post retirement in this contract will give a
          memberikan manfaat dalam bentuk uang purna                              benefit in post retirement cash in lump sum to
          karya secara sekaligus (lump sum) kepada                                the retired of permanent employee.
          karyawan tetap yang berhenti bekerja.

          Jumlah karyawan yang berhak atas imbalan                                 The     number     of   employees    as  of
          tersebut pada tanggal 31 Desember 2025 dan                               December 31, 2025 and 2024 entitled to this
          2024 adalah sebanyak 1.761 dan 1.854                                     benefits are 1,761 and 1,854 employees.
          karyawan.

          Rekonsiliasi jumlah yang diakui dalam laporan                            The reconciliation of amount recognize in the
          posisi keuangan sebagai berikut:                                         statement of financial position as follows:

                                                           2025                  2024
          Nilai Kini Liabilitas Manfaat Pasti                515.576                479.331          Present value of Defined Benefit Liability
          Nilai Wajar Aset Program                           (14.064)                     -                     Fair Value of Program Assets
          Posisi Pendanaan                                   501.512                479.331                                          Funding



          Rekonsiliasi saldo awal dan akhir nilai kini                             The reconciliation of the beginning and ending
          liabilitas adalah sebagai berikut:                                       balances of the present value of liabilities as
                                                                                   follows:

                                                           2025                  2024
          Nilai Kini Liabilitas -                                                                                   Present Value Liability -
            Awal Tahun                                       479.331               493.295                              Beginning of Year
          Biaya Bunga                                         32.118                31.767                                       Interest Cost
          Biaya Jasa Kini                                     21.669                21.268                             Current Service Cost
          Pembayaran Imbalan                                 (48.274)              (49.464)                              Benefits Payments
          Nilai Kini Liabilitas - Akhir Tahun                                                           Present Value Liability - End of Year
            (Ekspektasi)                                     484.844               496.866                                   (Expectation)
          Pengukuran kembali liabilitas                                                                         Re-measurement of liability
            (aset) imbalan pasti neto                                                                               (asset) defined return
            - (Keuntungan)/Kerugian dari                                                                    (Gain)/Loss from Changes in-
                  Perubahan Asumsi                            24.476                 (7.899)                              Assumtions
            - Penyesuaian atas Pengalaman                      6.256                 (9.636)                     Experiences Adjustment-
          Nilai Kini Liabilitas - Akhir Tahun                 515.576               479.331            Present Value Liability - End of Year


          Rekonsiliasi saldo awal dan akhir nilai wajar                            The reconciliation of the beginning and ending
          aset program adalah sebagai berikut:                                     balances of the fair value plan of asset is as
                                                                                   follows:


                                                              127
Page 961
PT JASA MARGA (PERSERO) Tbk                                                                              PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                  FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                      For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                          As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                             (Expressed in millions of Rupiah, unless otherwise stated)

30. LIABILITAS IMBALAN KERJA (lanjutan)                                          30. EMPLOYEE BENEFITS LIABILITIES (continued)

     c.   Program Purna Karya (lanjutan)                                             c.     Post-Retirement             Benefits             Program
                                                                                            (continued)

                                                                2025                      2024
          Nilai Wajar Aset Program                                                                                          Fair Value Assets Program -
            - Awal Tahun                                                13.684                       -                   Beginning of Period/ Year
          Pengukuran Kembali Liabilitas (Aset) Imbalan                                                       Re-Measurement of Define Benefits Liability
            Pasti Neto - Imbal Hasil Aset Program                          380                       -             (Asset), Net Return of Plan Asset -
          Aset Program Akhir Tahun                                      14.064                       -                Plan Assets - End of the Year


          Rincian (keuntungan)/kerugian aktuaria dalam                                      The details of actuarial (gains)/losses in the
          penghasilan komprehensif lain adalah sebagai                                      other comprehensive income are as follows:
          berikut:

                                                                 2025                     2024
          (Keuntungan) dan Kerugian Aktuarial                                                                                   Actuarial (gain) and loss
            - Perubahan Asumsi Aktuarial                                24.476               (7.899)                  Actuarial Assumption Changes -
            - Penyesuaian atas Pengalaman                                6.256               (9.636)                      Adjustment for Experience -
          Imbal Hasil atas Aset Program                                  (380)                    -                                 Return of Plan Asset
          Biaya yang diakui dalam                                                                                            Recognized Expenses at
            Penghasilan Komprehensif Lain                               30.352              (17.535)                  Other Comprehensive Income


          Rincian beban yang diakui dalam laporan laba                                      The details of the expenses recognized in the
          rugi konsolidasian adalah sebagi berikut:                                         consolidated statement of profit or loss are as
                                                                                            follows:

                                                                 2025                     2024
           Bunga Neto atas Liabilitas                                   32.118                   31.767                           Net Interest of Liability
           Biaya Jasa Kini                                              21.669                   21.268                            Current Service Cost
           Beban yang Diakui                                            53.787                   53.035                           Recognized Expense


          Asumsi aktuaria yang digunakan dalam                                              The actuarial assumptions used in determining
          menentukan beban dan liabilitas imbalan                                           the expenses and liabilities fo post-employment
          pascakerja adalah sebagai berikut:                                                benefits are as follows:

                                                                2025                       2024
           Tingkat Diskonto                                    6,25%                    7,00%                                              Discount Rate
           Estimasi Kenaikan Gaji Pegawai Aktif                7,00%                    7,00%                                            Salary Increment
           Tingkat Mortalitas                                100% TMI4               100% TMI4                                             Mortality Rate
                                                         10% dari TMI 4/ 10%    10% dari TMI 4/ 10%
           Tingkat Cacat                                                                                                                   Disability Rate
                                                              of TMI 4                 of TMI 4
                                                                                  Tingkat perputaran
           Tingkat Perputaran Pekerja                         Usia/ Age                                                                     Turnover Rate
                                                                                pekerja/ Turnover rate
                                                               15 – 29                    6%
                                                               30 – 34                    3%
                                                               35 – 39                   1,8%
                                                               40 – 50                   1,2%
                                                               51 – 52                   0,6%
                                                                > 52                     0,0%
           Usia Pensiun Normal                                          56 tahun/years                                              Normal Retirement Age
           Proporsi Pengambilan Usia Pensiun Normal                          100%                                     Proportion of Normal Retirement Age


          Sensitivitas juga dihitung dengan metode                                          Sensitivities are also calculated with the
          Projected-Unit-Credit sebagaimana diterapkan                                      Projected-Unit-Credit method as applied when
          ketika menghitung nilai kini kewajiban imbalan                                    calculating present value of defined benefit
          pasti. Analisis sensitivitas didasarkan pada                                      obligation. The sensitivity analyses are based
          perubahan satu asumsi dan menganggap                                              on a change of one assumption while holding
          semua asumsi lainnya konstan.                                                     all other assumptions constant.




                                                                     128
Page 962
PT JASA MARGA (PERSERO) Tbk                                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                               For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                   As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                      (Expressed in millions of Rupiah, unless otherwise stated)

30. LIABILITAS IMBALAN KERJA (lanjutan)                                   30. EMPLOYEE BENEFITS LIABILITIES (continued)

     c.   Program Purna Karya (lanjutan)                                      c.     Post-Retirement            Benefits            Program
                                                                                     (continued)
                                                            2025                     2024
           Analisis Sensitivitas                                                                                               Sensitivity Analysis
           Nilai Kini Kewajiban Imbalan Pasti              515.576                  479.331             Present Value Defined Benefit Obligations
           Asumsi Tingkat Diskonto                                                                                     Discount Rate Assumptions
             - 1,00%                                       549.055                  510.457                                               - 1,00%
             + 1,00%                                       485.411                  451.286                                               + 1,00%
           Asumsi Tingkat Kenaikan Gaji                                                                              Salary Increment Assumptions
             - 1,00%                                       484.406                  450.352                                               - 1,00%
             + 1,00%                                       549.602                  510.964                                               + 1,00%


    d.    Program Pascakerja Lainnya                                         d.      Other Post-Retirement Benefits Program
          Perusahaan      menyelenggarakan     program                               The Company maintains its employee
          manfaat PHK karyawan (post-retirement                                      post-retirement benefits program based on
          benefit) sesuai perjanjian kerja bersama                                   collective labor agreement by providing benefits
          dengan memberikan imbalan sesuai UU.                                       according to Law No. 13/2003 for employee
          No. 13/2003 bagi karyawan meninggal atau                                   who decease or has a prolonged illness and
          sakit berkepanjangan dan imbalan emas untuk                                gold reward benefits for employee who retire
          karyawan yang berhenti bekerja selain                                      besides due to resign and long leave program .
          dikarenakan pengunduran diri dan program                                   The Company does not undertake any funding
          istirahat panjang. Perusahaan tidak melakukan                              for this program.
          pendanaan sehubungan dengan program
          manfaat karyawan tersebut.
          Rekonsiliasi saldo awal dan akhir nilai kini                               The reconciliation of the beginning and ending
          liabilitas adalah sebagai berikut:                                         balances of the present value of liabilities is as
                                                                                     follows:
                                                            2025                   2024
          Nilai Kini Liabilitas -                                                                                       Present Value Liability -
            Awal Tahun                                         158.625               140.268                               Beginning of Year
          Biaya Bunga                                           10.496                 10.727                                      Interest Cost
          Biaya Jasa Kini                                        5.884                  5.983                              Current Service Cost
          Biaya Jasa Lalu                                             -               10.059                                  Post Service Cost
          Pembayaran Imbalan                                   (16.344)              (10.454)                                Benefits Payments
                                                                158.661              156.583
          Pengukuran kembali liabilitas                                                                             Re-measurement of liability
            (aset) imbalan pasti neto                                                                                  (asset) defined return
               - (Keuntungan)/Kerugian dari                                                                  (Gain)/Loss from Changes In -
                   Perubahan Asumsi                              8.524                (2.257)                               Assumptions
               - Penyesuaian atas Pengalaman                    37.336                  4.299                  Adjustment of Experiences -
          Nilai Kini Liabilitas -                                                                                     Present Value Liability -
          Akhir Tahun                                           204.521               158.625                                   End of Year


          Rincian (keuntungan)/kerugian aktuaria dalam                               The details of actuarial (gains)/losses in other
          penghasilan komprehensif lain adalah sebagai                               comprehensive income are as follows:
          berikut:
                                                            2025                   2024
          (Keuntungan) atau Kerugian Aktuarial                                                                          Actuarial (Gain) or Loss
            - Perubahan Asumsi Aktuarial                         8.524                (2.257)                Actuarial Assumption Changes -
            - Penyesuaian atas Pengalaman                       37.336                 4.299                     Adjustment for Experience -
          Biaya yang diakui dalam                                                                                    Recognized Expenses at
            Penghasilan Komprehensif Lain                       45.860                    2.042               Other Comprehensive Income


          Rincian beban yang diakui dalam laba rugi                                  The details of actuarial (gains)/losses in profit or
          adalah sebagai berikut:                                                    loss are as follows:
                                                            2025                   2024
          Biaya Jasa Kini                                        5.884                 5.983                              Current Service Cost
          Biaya Jasa Lalu                                             -               10.059                                  Post Service Cost
          Bunga Neto atas Liabilitas                            10.496                10.727                             Net Interest of Liability
          Beban yang Diakui                                     16.380                26.769                            Recognized Expenses


                                                               129
Page 963
PT JASA MARGA (PERSERO) Tbk                                                                                        PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                            FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                                 For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                     As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                        (Expressed in millions of Rupiah, unless otherwise stated)

30. LIABILITAS IMBALAN KERJA (lanjutan)                                                    30. EMPLOYEE BENEFITS LIABILITIES (continued)

    d.    Program Pascakerja Lainnya (lanjutan)                                                 d.     Other Post-Retirement Benefits Program
                                                                                                       (continued)
          Asumsi aktuaria yang digunakan dalam                                                         The actuarial assumptions used in determining
          menentukan beban dan liabilitas imbalan                                                      the expenses and liabilities fo postemployment
          pascakerja adalah sebagai berikut:                                                           benefits are as follows:
                                                                        2025                            2024
          Tingkat Diskonto                                              6.25%                          7.00%                                               Discount Rate
          Estimasi Kenaikan Gaji Pegawai Aktif                          7.00%                          7.00%                                   Estimated Salary Increment
          Tingkat Mortalitas                                          100% TMI4                      100% TMI4                                             Mortality Rate
          Tingkat Cacat                                      10% dari TMI 4/ 10% of TMI 4    5% dari TMI 4/ 5% of TMI 4                                    Disability Rate
                                                                                             Tingkat perputaran pekerja/
          Tingkat Perputaran Pekerja                                  Usia/ Age
                                                                                                   Turnover rate
                                                                       15 – 29                           6%
                                                                       30 – 34                           3%
                                                                       35 – 39                          1.8%
                                                                       40 – 50                          1.2%
                                                                       51 – 52                          0.6%
                                                                        > 52                            0.0%
          Usia Pensiun Normal                                                      56 tahun/ years                                                   Normal Retirement Age
          Proporsi Pengambilan Usia Pensiun Normal                                      100%                                           Proportion of Normal Retirement Age

          Sensitivitas juga dihitung dengan metode                                                     Sensitivities are also calculated with the
          Projected-Unit-Credit sebagaimana diterapkan                                                 Projected-Unit-Credit method as applied when
          ketika menghitung nilai kini kewajiban imbalan                                               calculating present value of defined benefit
          pasti. Analisis sensitivitas didasarkan pada                                                 obligation. The sensitivity analyses are based
          perubahan satu asumsi dan menganggap                                                         on a change of one assumption while holding
          semua asumsi lainnya konstan.                                                                all other assumptions constant.
                                                                        2025                            2024
          Analisis Sensitivitas                                                                                                                       Sensitivity Analysis
          Nilai Kini Kewajiban Imbalan Pasti                           204,521                         158,625                 Present Value Defined Benefit Obligations
          Asumsi Tingkat Diskonto                                                                                                             Discount Rate Assumptions
            - 1,00%                                                    217,802                         168,925                                                  - 1,00%
            + 1,00%                                                    192,555                         149,344                                                  + 1,00%
          Asumsi Tingkat Kenaikan Gaji                                                                                                      Salary Increment Assumptions
            - 1,00%                                                    192,156                         149,035                                                  - 1,00%
            + 1,00%                                                    218,019                         169,093                                                  + 1,00%

    e.    Program Imbalan Kerja Jangka Panjang                                                  d.     Other Long-Term                Employment             Benefits
          Lainnya                                                                                      Program
          Perusahaan     memberikan      penghargaan                                                   The Company rewards employees with working
          kesetiaan kepada karyawan yang telah memiliki                                                period of 20, 25, 30, and 35 years in the form of
          masa kerja 20, 25, 30, dan 35 tahun berupa                                                   award and gold certificates of 5 grams each.
          piagam penghargaan dan emas masing-                                                           set up fund for this program
          masing 5 gram.
          Perusahaan memberikan manfaat jangka                                                         Company provides other long term employee
          panjang lainnya dalam bentuk masa persiapan                                                  benefit program in form of pre-retirement
          pensiun kepada karyawan yang memiliki sisa                                                   benefit for employees who has remaining
          masa     kerja   6     (enam)    bulan   atau                                                service for 6 (nine) month or 18 (eighteen)
          18 (delapan belas) bulan sebelum memasuki                                                    months before reach normal retirement age or
          usia pensiun atau Istirahat Panjang Karyawan.                                                Long Leave. Company does not set up fund for
          Tidak terdapat pendanaan dalam program ini                                                   this program
          Rekonsiliasi saldo awal dan akhir nilai kini                                                 The reconciliation of the beginning and ending
          liabilitas adalah sebagai berikut:                                                           balances of the present value of liabilities are
                                                                                                       as follows:
                                                                           2025                      2024
          Nilai Kini Liabilitas - Awal Tahun                                   23.115                    20.499             Present Value Liability - Beginning of Year
          Biaya Bunga                                                           1.610                     1.357                                              Interest Cost
          Biaya Jasa Kini                                                       1.245                     1.004                                     Current Service Cost
          Pembayaran Imbalan                                                   (4.177)                   (1.680)                                      Benefits Payments
          Nilai Kini Liabilitas - Akhir Tahun (Ekspektasi)                     21.793                    21.180      Present Value Liability - End of Year (Expectation)
          Pengukuran kembali liabilitas                                                                                                     Re-measurement of liability
            (aset) imbalan pasti neto                                                                                                            (asset) defined return
               - (Keuntungan) dari Perubahan Asumsi                                1.026                   (277)            (Gain) from Changes In - Assumptions
               - Penyesuaian atas Pengalaman                                       9.682                  2.212                       Adjustment of Experiences -
          Nilai Kini Liabilitas - Akhir Tahun                                     32.501                 23.115                 Present Value Liability - End of Year


                                                                                 130
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PT JASA MARGA (PERSERO) Tbk                                                                            PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                            (Expressed in millions of Rupiah, unless otherwise stated)

30. LIABILITAS IMBALAN KERJA (lanjutan)                                       30. EMPLOYEE BENEFITS LIABILITIES (continued)

     e.   Program Imbalan Kerja Jangka Panjang                                     e.     Other Long-Term Employment                       Benefits
          Lainnya (lanjutan)                                                              Program (continued)

          Rincian beban yang diakui dalam laba rugi                                       The details of the expenses recognized in profit
          adalah sebagai berikut:                                                         or loss are as follows:
                                                               2025                     2024
          Biaya Jasa Kini                                             1.245                    1.004                             Current Service Cost
          Bunga Neto atas Liabilitas                                  1.610                    1.357                           Net Interest of Liability
          Pengukuran kembali liabilitas                                                                                   Re-measurement of liability
            (aset) imbalan pasti neto                                                                                         (asset) defined return
               - (Keuntungan) dari Perubahan Asumsi                   1.026                     (277)       (Gain) from Changes In - Assumptions
              - Penyesuaian atas Pengalaman                           9.682                    2.212                  Adjustment of Experiences -
          Beban yang Diakui                                          13.563                     4.296                         Recognized Expenses


          Mutasi liabilitas yang diakui laporan posisi                                    Movements of liabilities recognized in the
          keuangan konsolidasian adalah sebagai                                           consolidated statement of financial position are
          berikut:                                                                        as follows:
                                                               2025                     2024
           Liabilitas Neto - Awal Tahun                               23.115                20.499                     Net Liability - Beginning of Year
           Beban Tahun Berjalan                                       13.563                 4.296                               Recognized Expenses
           Pembayaran Iuran Tahun Berjalan                            (4.177)               (1.680)               Contribution of Employer for the Year
           Liabilitas Neto - Akhir Tahun                               32.501                23.115                         Net Liability - End of Year


          Asumsi aktuaria yang digunakan dalam                                            The actuarial assumptions used in determining
          menentukan beban dan liabilitas imbalan                                         the expenses and liabilities fo post-employment
          pascakerja adalah sebagai berikut:                                              benefits are as follows:
                                                              2025                       2024
           Tingkat Diskonto                                   6,25%                    7.00%                                            Discount Rate
           Estimasi Kenaikan Harga Emas                       8,00%                    6,00%                                          Salary Increment
           Estimasi Kenaikan Gaji Pegawai Aktif               7,00%                    7,00%                                          Salary Increment
           Tingkat Mortalitas                              100% TMI4                100% TMI4                                           Mortality Rate
                                                       5% dari TMI 4/ 5% of     5% dari TMI 4/ 5% of
           Tingkat Cacat                                                                                                                 Disability Rate
                                                              TMI 4                    TMI 4
           Tingkat Perputaran Pekerja                                                                                                    Turnover Rate
                                                                               Tingkat perputaran
                                                            Usia/ Age
                                                                             pekerja/ Turnover rate
                                                             15 – 29                   6%
                                                             30 – 34                   3%
                                                             35 – 39                  1,8%
                                                             40 – 50                  1,2%
                                                             51 – 52                  0,6%
                                                              > 52                    0,0%
           Usia Pensiun Normal                                       56 tahun/ years                                             Normal Retirement Age
           Proporsi Pengambilan Usia Pensiun Normal                       100%                                     Proportion of Normal Retirement Age


          Sensitivitas juga dihitung dengan metode                                        Sensitivities are also calculated with the
          Projected-Unit-Credit sebagaimana diterapkan                                    Projected-Unit-Credit method as applied when
          ketika menghitung nilai kini kewajiban imbalan                                  calculating present value of defined benefit
          pasti. Analisis sensitivitas didasarkan pada                                    obligation. The sensitivity analyses are based
          perubahan satu asumsi dan menganggap                                            on a change of one assumption while holding
          semua asumsi lainnya konstan.                                                   all other assumptions constant.

                                                              2025                      2024
          Analisis Sensitivitas                                                                                                  Sensitivity Analysis
          Nilai Kini Kewajiban Imbalan Pasti                 32.501                     23.115              Present Value Defined Benefit Obligations
          Asumsi Tingkat Diskonto                                                                                          Discount Rate Assumptions
            - 1,00%                                          31.093                     19.512                                             - 1,00%
            + 1,00%                                          34.322                     21.718                                             + 1,00%

          Asumsi Tingkat Kenaikan Gaji                                                                                   Salary Increment Assumptions
            - 1,00%                                          34.461                     21.805                                              - 1,00%
            + 1,00%                                          30.889                     19.278                                              + 1,00%




                                                                     131
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PT JASA MARGA (PERSERO) Tbk                                                                                  PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                        AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                      FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                                 For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                     As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                        (Expressed in millions of Rupiah, unless otherwise stated)

31. MODAL SAHAM                                                                         31. CAPITAL STOCK
                                                                                    2025
                                                      Total saham ditempatkan        Presentase
                                                         dan disetor penuh/       Kepemilikan (%)/          Total
                                                          Number of shares         Percentage of      (Rupiah Penuh)/
                     Pemegang Saham                     issued and fully paid      Ownership (%)       (Full Rupiah)                       Shareholders
     Saham Seri A Dwiwarna                                                                                                                       Series A Dwiwarna - Share
       Pemerintah Republik Indonesia                                        1           0,00                       500      The Government of the Republic of Indonesia
     Saham Seri B                                                                                                                                           Series B - Share
       PT Danantara Asset Management (Persero)                   5.080.509.839         70,00          2.540.254.919.500        PT Danantara Asset Management (Persero)
     Direksi:                                                                                                                                                      Directors:
       Fitri Wiyanti (Direktur Operasi dan Layanan)                    587.800          0,01               293.900.000    Fitri Wiyanti (Operations and Services Director)
       Reza Febriano (Direktur Bisnis)                                 560.200          0,01               280.100.000                  Reza Febriano (Business Director)
       Mohammad Agus Setiawan (Direktur                                                                                             Mohammad Agus Setiawan (Business
          Pengembangan Usaha)                                          549.600          0,01               274.800.000                           Development Director)
       Pramitha Wulanjani (Direktur Keuangan                                                                                             Pramitha Wulanjani (Finance and
          dan Manajemen Risiko)                                        289.200         0,00                 144.600.000                     Risk Management Director)
       Masyarakat (Masing-masing dibawah 2%)                     2.175.374.560         29,97          1.087.687.280.000                              Public (each below 2%)
     Total                                                       7.257.871.200         100,00         3.628.935.600.000                                                Total

                                                                                    2024
                                                      Total saham ditempatkan        Presentase
                                                         dan disetor penuh/       Kepemilikan (%)/          Total
                                                          Number of shares         Percentage of      (Rupiah Penuh)/
                     Pemegang Saham                     issued and fully paid      Ownership (%)       (Full Rupiah)                       Shareholders
     Saham Seri A Dwiwarna                                                                                                                      Series A Dwiwarna - Share
       Pemerintah Republik Indonesia                                        1           0,00                       500      The Government of the Republic of Indonesia
     Saham Seri B                                                                                                                                         Series B - Share
       Pemerintah Republik Indonesia                             5.080.509.839         70,00          2.540.254.919.500     The Government of the Republic of Indonesia
     Komisaris:                                                                                                                                           Commissioners:
       Mohammad Zainal Fatah                                           128.200          0,00                64.100.000                         Mohammad Zainal Fatah
       Raja Erizman                                                    267.800          0,00               133.900.000                                     Raja Erizman
       M. Roskanedi                                                    268.000          0,00               134.000.000                                    M. Roskanedi
     Direksi:                                                                                                                                                    Directors:
       Subakti Syukur (Direktur Utama)                                 793.100          0,01               396.550.000              Subakti Syukur (President Director)
       Fitri Wiyanti (Direktur Operasi)                                587.800          0,01               293.900.000                Fitri Wiyanti (Operations Director)
       Reza Febriano (Direktur Bisnis)                                 560.200          0,01               280.100.000               Reza Febriano (Business Director)
       Bagus Cahya Arinta B (Direktur Human Capital                                                                           Bagus Cahya Arinta B (Human Capital and
          dan Transformasi)                                            560.000          0,01               280.000.000                        Transformation Director)
       Mohammad Agus Setiawan (Direktur                                                                                           Mohammad Agus Setiawan (Business
          Pengembangan Usaha)                                          549.600          0,01               274.800.000                          Development Director)
       Pramitha Wulanjani (Direktur Keuangan                                                                                          Pramitha Wulanjani (Finance and
          dan Manajemen Risiko)                                        289.200          0,00               144.600.000                     Risk Management Director)

     Masyarakat (Masing-masing dibawah 2%)                       2.173.357.460         29,95          1.086.678.730.000                             Public (each below 2%)

     Total                                                       7.257.871.200         100,00         3.628.935.600.000                                                Total



     Pemegang Saham Seri A mempunyai hak istimewa                                                The Shareholder of Series A shares has certain
     tertentu sebagai tambahan atas hak Pemegang                                                 privileges in addition to any rights of Series B
     Saham Seri B. Hak istimewa tersebut mencakup hak                                            Shareholders. These privileges include the
     khusus untuk mencalonkan anggota direksi dan                                                exclusive rights to nominate directors and
     komisaris dan untuk memberikan persetujuan atas:                                            commissioners and to give approval for: (a) an
     (a) peningkatan modal, (b) perubahan anggaran                                               increase in capital, (b) changes in the article of
     dasar,   (c)   penggabungan,    peleburan,     dan                                          association, (c) merger, consolidation and
     pengambilalihan, (d) pembubaran dan likuidasi, dan                                          acquisition, (d) dissolution and liquidation, and
     (e) pengangkatan dan pemberhentian anggota direksi                                          (e) appointment and dismissal of directors and
     dan komisaris.                                                                              commissioners.

     Berdasarkan Akta No. 121 tanggal 22 Maret 2025                                              Based on Deed No. 121 dated March 22, 2025 by
     oleh Notaris Jose Dima Satria S.H., M.Kn.,                                                  Notary Jose Dima Satria S.H., M.Kn., the
     Pemerintah Republik         Indonesia    mengalihkan                                        Government of The Republic of Indonesia
     kepemilikan saham Seri B Perseroan sebanyak                                                 transferred ownership of the Company's Series B
     5.080.509.839 lembar atau sebesar 70,00% kepada                                             shares amounting to 5,080,509,839 shares or
     PT Biro Klasifikasi Indonesia (Persero).                                                    70.00% to PT Biro Klasifikasi Indonesia (Persero).

     Berdasarkan Akta No. 163 tanggal 23 Mei 2025 oleh                                           Based on Deed No. 163 dated May 23, 2025 by
     Notaris    Josedima      Satria    S.H.,   M.Kn.,                                           Notary     Josedima     Satria   S.H.,    M.Kn.,
     PT Biro Klasifikasi Indonesia (Persero) mengganti                                           PT Biro Klasifikasi Indonesia (Persero) changed
     nama menjadi PT Danantara Asset Management                                                  its name to PT Danantara Asset Management
     (Persero).                                                                                  (Persero).



                                                                                 132
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PT JASA MARGA (PERSERO) Tbk                                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                 For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                     As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                        (Expressed in millions of Rupiah, unless otherwise stated)

32. TAMBAHAN MODAL DISETOR-NETO                                           32. ADDITIONAL PAID IN CAPITAL-NET

                                                           2025                2024
     Tambahan Modal Disetor dari:                                                                             Additional Paid in Capital from:
       Penawaran Umum Perdana                                                                                         Inital Public Offering
         Saham Tahun 2007                                    2.343.266           2.343.266                                     Year 2007
       Pembelian Saham                                                                                                       Repurchase of
         Kembali (Treasury Shares)                              (7.741)               (7.741)                            Treasury Shares
       Hasil Neto                                                                                                        Net Proceeds from
         Penjualan Treasury Shares                            118.365                118.365                   Sales of Treasury Shares
       Hasil Neto Penambahan Modal                                                                                       Net Proceeds from
         Hak Memesan Efek Terlebih Dahulu                    1.543.195           1.543.195                                    Right Issue
     Total                                                   3.997.085           3.997.085                                              Total




33. DIVIDEN DAN LABA YANG DICADANGKAN                                     33. DIVIDENDS  AND    UNAPPROPRIATE                            OF
    PENGGUNAANNYA                                                             RETAINED EARNINGS

     Berdasarkan hasil RUPST Perusahaan yang                                   Based on the results of the Company's General
     dinyatakan dalam Akta Notaris Ir. Nanette Cahyanie                        Meeting of Shareholders (GMS) as stated in the
     Handari Adi Warsito, SH., No. 11 tertanggal                               Notarial Deed of Ir. Nanette Cahyanie Handari Adi
     07 Mei 2025 para pemegang saham Perusahaan                                Warsito, SH., No. 11 dated May 7, 2025, the
     menetapkan penggunaan laba bersih konsolidasian                           Company's shareholders have determined the
     untuk tahun buku 2024 yang dapat diatribusikan                            allocation of the consolidated net profit for the 2024
     kepada pemilik entitas induk sebesar Rp4.535.565,                         financial year attributable to the owners of the parent
     dimana sebesar 25% atau sejumlah Rp1.133.891                              entity amounting to Rp4,535,565, of which 25% or
     ditetapkan sebagai dividen tunai, dan sebesar 75%                         Rp1,133,891 is designated as cash dividends, and
     atau sejumlah Rp3.401.674 dibukukan sebagai                               75% or Rp3,401,674 is recorded as reserves. On
     cadangan. Pada tanggal 4 Juni 2025, Perusahaan                            June 4, 2025, the Company made the cash dividend
     telah melakukan pembayaran dividen kas atas laba                          payment for the 2024 profit.
     tahun 2024.

     Perusahaan menyetujui penyisihan tambahan dana                            The company approved an additional allocation to
     cadangan sebesar Rp3.401.674 dari saldo laba                              the reserve fund of Rp3,401,674 from the 2024
     tahun 2024.                                                               retained earnings.

                                                  Laba tahun 2024/            Laba tahun 2023/
                                              Income for the year 2024    Income for the year 2023
     Dividen                                                 1.133.891                       274.809                                Dividend
     Belum ditentukan penggunaannya                          3.401.674                     6.518.742                    Unpropriated reserves
     Total                                                   4.535.565                     6.793.551                                    Total




34. KEPENTINGAN NON-PENGENDALI                                            34. NON-CONTROLLING INTERESTS

     Akun ini merupakan hak pemegang saham non-                                This account represents non-controlling interests in
     pengendali atas aset bersih dan bagian rugi bersih                        net assets and portion of net loss of the consolidated
     entitas anak yang dikonsolidasikan.                                       subsidiaries.

     a.      Ekuitas neto yang dapat diatribusikan kepada                       a.     Net equity attributable to non-controlling
             kepentingan non-pengendali sebagai berikut:                               interests is shown below:




                                                                  133
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PT JASA MARGA (PERSERO) Tbk                                                              PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                             For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                 As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                    (Expressed in millions of Rupiah, unless otherwise stated)

34. KEPENTINGAN NON-PENGENDALI (lanjutan)                                34. NON-CONTROLLING INTERESTS (continued)

                                                           2025                2024
          PT Jasamarga Transjawa Tol                        20.047.787          19.532.579                  PT Jasamarga Transjawa Tol
          PT Jasamarga Jogja Solo                            1.838.083           1.450.271                     PT Jasamarga Jogja Solo
          PT Jasamarga Kualanamu Tol                           740.393             694.835                 PT Jasamarga Kualanamu Tol
          PT Jasamarga Jogja Bawen                             626.161             213.143                   PT Jasamarga Jogja Bawen
          PT Marga Sarana Jabar                                524.912             502.435                       PT Marga Sarana Jabar
          PT Jasamarga Balikpapan Samarinda                    421.309             636.577          PT Jasamarga Balikpapan Samarinda
          PT Cinere Serpong Jaya                               390.122             375.813                      PT Cinere Serpong Jaya
          PT Marga Trans Nusantara                             372.778             279.468                    PT Marga Trans Nusantara
          PT Jasamarga Akses Patimban                          329.692             288.677                PT Jasamarga Akses Patimban
          PT Jasamarga Japek Selatan                           322.812             289.459                  PT Jasamarga Japek Selatan
          PT Jasamarga Kunciran Cengkareng                     181.610             163.405           PT Jasamarga Kunciran Cengkareng
          PT Jasamarga Manado Bitung                           103.390             221.520                 PT Jasamarga Manado Bitung
          PT Jasamarga Bali Tol                                 53.960              54.014                        PT Jasamarga Bali Tol
          PT Jasamarga Probolinggo Banyuwangi                   46.319              73.112        PT Jasamarga Probolinggo Banyuwangi
          PT Jasa Marga Related Business                         5.761               6.814              PT Jasa Marga Related Business
          PT Jasamarga Tollroad Maintenance                        908                 862           PT Jasamarga Tollroad Maintenance
          PT Jasamarga Tollroad Operator                           106                  90               PT Jasamarga Tollroad Operator
          PT Jalantol Lingkarluar Jakarta                            -              16.632                PT Jalantol Lingkarluar Jakarta
          Total                                             26.006.103          24.799.706                                          Total


     b. Penghasilan komprehensif tahun berjalan yang                        b. Comprehensive income for the year attributable
        dapat diatribusikan kepada kepentingan                                  to non-controlling interests:
        non-pengendali:

                                                           2025               2024
        PT Jasamarga Transjawa Tol                          1.291.061           1.064.977                   PT Jasamarga Transjawa Tol
        PT Jasamarga Kualanamu Tol                             83.368               82.561                 PT Jasamarga Kualanamu Tol
        PT Marga Trans Nusantara                               74.295               85.082                    PT Marga Trans Nusantara
        PT Cinere Serpong Jaya                                 46.098               12.892                      PT Cinere Serpong Jaya
        PT Marga Sarana Jabar                                  28.370               20.292                       PT Marga Sarana Jabar
        PT Jasamarga Kunciran Cengkareng                         8.456              16.549           PT Jasamarga Kunciran Cengkareng
        PT Jasamarga Japek Selatan                               2.196               3.351                  PT Jasamarga Japek Selatan
        PT Jasamarga Tollroad Maintenance                          546                 422          PT Jasa Marga Tollroad Maintenance
        PT Jasamarga Probolinggo Banyuwangi                        103                 518        PT Jasamarga Probolinggo Banyuwangi
        PT Jasamarga Tollroad Operator                              63                   61             PT Jasa Marga Tollroad Operator
        PT Jalantol Lingkarluar Jakarta                              -                  (2)               PT Jalantol Lingkarluar Jakarta
        PT Jasa Marga Related Business                           (154)               (965)              PT Jasa Marga Related Business
        PT Jasamarga Jogja Bawen                               (1.243)               (890)                   PT Jasamarga Jogja Bawen
        PT Jasamarga Akses Patimban                            (3.498)             (3.503)                PT Jasamarga Akses Patimban
        PT Jasamarga Bali Tol                                  (7.523)                 (74)                       PT Jasamarga Bali Tol
        PT Jasamarga Jogja Solo                             (110.676)             (11.727)                     PT Jasamarga Jogja Solo
        PT Jasamarga Manado Bitung                          (128.436)           (107.983)                  PT Jasamarga Manado Bitung
        PT Jasamarga Balikpapan Samarinda                   (135.925)           (108.288)           PT Jasamarga Balikpapan Samarinda
        Total                                               1.147.101           1.053.273                                          Total

     Pada tanggal 31 Desember 2025 dan 2024,                                As of December 31, 2025 and 2024, the Company’s
     manajemen Perusahaan berpendapat bahwa tidak                           management believes that there are no Subsidiaries
     terdapat Entitas Anak yang memiliki kepentingan                        with non-controlling interests that are individually
     non-pengendali material secara individu terhadap                       material to the Company’s consolidated financial
     laporan keuangan konsolidasian Perusahaan.                             statements.




                                                                  134
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PT JASA MARGA (PERSERO) Tbk                                                             PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                            For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                   (Expressed in millions of Rupiah, unless otherwise stated)

35. PENDAPATAN TOL DAN LAINNYA                                          35. TOLL AND OTHER OPERATING REVENUES

     Rincian pendapatan tol adalah sebagai berikut:                       The details of toll revenues are as follows:

                                                           2025            2024
     Perusahaan                                                                                                           The Company
     Jakarta - Bogor - Ciawi                                1.216.025       1.215.853                            Jakarta - Bogor - Ciawi
     JORR Seksi non S                                       1.199.363       1.190.437                                JORR Seksi non S
     Cikampek - Padalarang                                  1.164.933       1.184.986                           Cikampek - Padalarang
     Jakarta - Tangerang                                    1.082.963       1.023.563                              Jakarta - Tangerang
     Cawang - Tomang - Pluit                                1.017.243         990.049                          Cawang - Tomang - Pluit
     Prof. Dr. Ir. Sedyatmo                                   697.901         697.901                             Prof. Dr. Ir. Sedyatmo
     Padalarang - Cileunyi                                    488.668         470.745                             Padalarang - Cileunyi
     Pondok Aren - Bintaro Viaduct - Ulujami                  185.279         183.900            Pondok Aren - Bintaro Viaduct - Ulujami
     Belawan - Medan - Tanjung Morawa                         179.112         181.150               Belawan - Medan - Tanjung Morawa
     Subtotal                                               7.231.487       7.138.584                                             Subtotal

     Entitas Anak                                                                                                          Subsidiaries
     Jasamarga Transjawa Tol (JTT)                                                                       Jasamarga Transjawa Tol (JTT)
       Jakarta - Cikampek                                   1.867.444       1.785.627                             Jakarta - Cikampek
       Surabaya - Gempol                                      912.026         919.201                             Surabaya - Gempol
       Palimanan - Kanci                                      283.672         281.352                              Palimanan - Kanci
       Semarang Seksi A,B,C                                   233.732         226.048                          Semarang Seksi A,B,C
     Semarang - Batang (JSB)                                1.224.800       1.212.123                          Semarang - Batang (JSB)
     Solo - Ngawi (JSN)                                     1.019.543       1.023.186                                Solo - Ngawi (JSN)
     Ngawi - Kertosono (JNK)                                  710.893         690.771                           Ngawi - Kertosono (JNK)
     Surabaya - Mojokerto (JSM)                               650.437         610.232                       Surabaya - Mojokerto (JSM)
     Kunciran - Cengkareng (JKC)                              562.732         541.957                      Kunciran - Cengkareng (JKC)
     Medan - Kualanamu (JMKT)                                 555.904         568.325                       Medan - Kualanamu (JMKT)
     Kunciran - Serpong (MTN)                                 520.595         451.410                         Kunciran - Serpong (MTN)
     Cinere - Serpong (CSJ)                                   491.504         387.134                           Cinere - Serpong (CSJ)
     Balikpapan - Samarinda (JBS)                             413.084         414.638                     Balikpapan - Samarinda (JBS)
     Gempol - Pasuruan (JGP)                                  406.563         384.132                         Gempol - Pasuruan (JGP)
     Bogor Outer Ring Road (MSJ)                              297.245         282.048                     Bogor Outer Ring Road (MSJ)
     Solo - Yogyakarta - Kulon Progo (JMJ)                    281.582          36.614             Solo - Yogyakarta - Kulon Progo (JMJ)
     Nusa Dua - Benoa (JBT)                                   214.919         194.479                           Nusa Dua - Benoa (JBT)
     Gempol - Pandaan (JPT)                                   210.263          19.399                           Gempol - Pandaan (JPT)
     Manado - Bitung (JMB)                                     64.908          55.074                            Manado - Bitung (JMB)
     Subtotal                                              10.921.846      10.083.750                                           Subtotal
     Total                                                 18.153.333      17.222.334                                              Total


     Kontribusi pendapatan tol Entitas Anak terhadap                      The contribution of the Subsidiary's toll revenue to
     total Pendapatan Tol Kelompok Usaha untuk tahun                      total Toll Revenue of the Group for 2025 and 2024
     2025 dan 2024 adalah masing-masing 60,16% dan                        is 60.16% and 58.55%, respectively. Several
     58,55%. Beberapa entitas anak menjaminkan                            subsidiaries pledge toll revenues and other
     pendapatan tol dan pendapatan usaha lainnya                          operating income within the concession period for
     sepanjang konsesi untuk kredit (Catatan 23).                         credit (Note 23).

     Rincian pendapatan usaha lainnya adalah sebagai                      The details of other operating revenues are as
     berikut:                                                             follows:
                                                           2025            2024
     Pendapatan BBM SPBU                                      550.253         454.408                                   Petroleum Sales
     Jasa Pengoperasian Jalan Tol                             413.205         421.679                      Toll Road Operating Services
     Sewa Lahan                                               276.795         173.833                                         Land Rent
     Pendapatan Pemeliharaan Jalan Tol                        272.357         201.431                            Toll Road Maintenance
     Sewa Properti                                             57.134          55.016                                      Property Rent
     Penjualan Properti                                         2.257         137.798                                     Property Sales
     Lainnya (Di bawah 2.000)                                  85.890          67.645                            Others (Below Rp2,000)
     Total                                                  1.657.891       1.511.810                                              Total


     Berdasarkan     keputusan     Menteri    PUPR                        Based on the decree of Minister of PUPR No.
     No. 250/KPTS/M/2024 tanggal 2 Februari 2024,                         250/KPTS/M/2024 dated February 2, 2024,
     tentang penyesuaian tarif tol ruas Jakarta -                         concerning toll tariff adjustment of Jakarta -
     Cikampek. Tarif tol terjauh untuk ruas tersebut                      Cikampek. The farthest toll tariffs for that segment
     adalah sebagai berikut:                                              are as follows:


                                                                  135
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PT JASA MARGA (PERSERO) Tbk                                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                   For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                       As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                          (Expressed in millions of Rupiah, unless otherwise stated)

35. PENDAPATAN TOL DAN LAINNYA                                             35. TOLL AND OTHER OPERATING REVENUES

                                                                                                   Golongan/Group
      No                           Ruas/ Section
                                                                              I             II           III          IV            V
           Jakarta - Cikampek Segmen I (Pondok Gede Barat/Pondok
       1                                                                   5.500          8.000        8.000        11.000       11.000
           Gede Timur)
           Jakarta - Cikampek Segmen II (Cikunir, Bekasi Barat, Bekasi
       2                                                                   9.500         14.000        14.000       19.000       19.000
           Timur, Tambun, Cibitung, Cikarang Barat)
           Jakarta - Cikampek Segmen III (Cibatu, Cikarang Timur,
       3                                                                   16.500        24.500        24.500       32.500       32.500
           Karawang barat)
           Jakarta - Cikampek Segmen IV (Karawang Timur, Dawuan,
       4                                                                   27.000        40.500        40.500       54.000       54.000
           Kalihurip, Cikampek)

     Berdasarkan         keputusan       Menteri       PUPR                        Based on the decree of Minister of PUPR
     No. 1325/KPTS/M/2025 tanggal 25 November 2025,                                No. 1325/KPTS/M/2025, dated November 25,
     tarif tol terjauh ruas jalan tol Prof. Dr. Ir. Sedyatmo                       2025, the farthest toll tariffs of Prof. Dr. lr.
     adalah sebagai berikut:                                                       Sedyatmo toll road segment are as follows:

                                                                                                   Golongan/Group
      No                           Ruas/ Section
                                                                               I             II           III       IV               V
       1   Prof DR IR Sedyatmo                                              8.500         11.500       11.500     12.500          12.500

    Berdasarkan       keputusan      Menteri     PUPR                             Based on the decree of Minister of PUPR
    No. 2130/KPTS/M/2024 tanggal 22 Agustus 2024                                  No. 2130/KPTS/M/2024 dated August 22, 2024
    tentang penetapan tarif dan sistem pengumpulan tol                            concerning the establishment of tariffs and
    secara integrasi pada jalan tol Cawang – Tomang -                             integrated toll collection systems on Cawang –
    Pluit (Lingkar Dalam Kota Jakarta). Berikut tarif tol                         Tomang - Pluit (The Inner-City Ring Jakarta) toll
    terjauh:                                                                      road. Following the farthest toll rates:

                                                                                                   Golongan/Group
      No                           Ruas/ Section
                                                                              I              II           III       IV               V
       1   Cawang - Tomang - Pluit                                         11.000         16.500       16.500     19.000          19.000

    Berdasarkan      keputusan      Menteri     PUPR                              Based on the decree of Minister of PUPR
    No. 1137/KPTS/M/2023 tanggal 5 September 2023                                 No. 1137/KPTS/M/2023 dated September 5, 2023,
    tentang penyesuaian tarif tol ruas Surabaya -                                 concerning toll tariff adjustment of Surabaya -
    Gempol dan Kejapanan - Gempol, tarif tol terjauh                              Gempol and Kejapanan - Gempol segment, the
    untuk ruas tersebut adalah sebagai berikut:                                   farthest toll tariffs for that segment are as follows:

                                                                                                   Golongan/Group
      No                           Ruas/ Section
                                                                               I              II          III        IV              V
       1   Porong - Kejapanan                                               6.000          9.000        9.000     12.000          12.000
       2   Kejapanan - Gempol                                               3.500          5.000        5.000      7.000           7.000

    Berdasarkan      keputusan        Menteri    PUPR                             Based on the decree of Minister of PUPR
    No. 1087/KPTS/M/2023 tanggal 28 Agustus 2023,                                 No. 1087/KPTS/M/2023 dated August 28, 2023,
    tentang penyesuaian tarif tol ruas Belawan – Medan                            concerning toll tariff adjustment of Belawan –
    - Tanjung Morawa, tarif tol terjauh untuk ruas                                Medan - Tanjung Morawa segment, the farthest toll
    tersebut adalah sebagai berikut:                                              tariffs for that segment are as follows:

                                                                                                   Golongan/Group
      No                           Ruas/ Section
                                                                               I             II           III       IV               V
       1   Belmera                                                          9.000         16.000       16.000     23.000          23.000

    Berdasarkan       keputusan      Menteri     PUPR                               Based on the decree of Minister of PUPR
    No.755/KPTS/M/2023 tanggal 12 Juli 2023,                                        No. 755/KPTS/M/2023 dated July 12, 2023, toll
    penyesuaian tarif tol ruas Palimanan – Kanci adalah                             tariffs adjustment of Palimanan – Kanci segment
    sebagai berikut:                                                                are as follows:

                                                                                                   Golongan/Group
      No                           Ruas/ Section
                                                                              I              II          III        IV              V
       1   Palikanci                                                       13.500         19.500       19.500     32.000          32.000




                                                                     136
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PT JASA MARGA (PERSERO) Tbk                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                         For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                             As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

35. PENDAPATAN TOL DAN LAINNYA                                      35. TOLL AND OTHER OPERATING REVENUES

    Berdasarkan         keputusan       Menteri     PU                   Based on the decree of Minister of PU
    No. 399/KPTS/M/2025 tanggal 26 Maret 2025,                           No. 399/KPTS/M/2025 dated March 26, 2025,
    tentang penyesuaian tarif tol ruas Semarang seksi A,                 concerning toll tariff adjustment of Semarang
    B, C, tarif tol terjauh untuk ruas tersebut adalah                   A,B,C segment section, the farthest toll tariffs for
    sebagai berikut:                                                     that segment are as follows:

                                                                                         Golongan/Group
      No                             Ruas/ Section
                                                                       I            II          III       IV               V
      1    Semarang Seksi A, B, C                                   6.000        8.500        8.500     11.500          11.500

    Berdasarkan       keputusan       Menteri     PUPR                   Based on the decree of Minister of PUPR
    No. 533/KPTS/M/2023 tanggal 17 Mei 2023, tentang                     No. 533/KPTS/M/2023 dated May 17, 2023,
    penyesuaian tarif tol ruas Padalarang – Cileunyi, tarif              concerning toll tariff adjustment of Padalarang -
    terjauh untuk ruas tersebut adalah sebagai berikut:                  Cileunyi segment, the farthest toll tariffs for that
                                                                         segment are as follows:

                                                                                         Golongan/Group
      No                             Ruas/ Section
                                                                       I           II           III       IV               V
      1    Padaleunyi                                               10.500      18.500       18.500     25.000          25.000

    Berdasarkan       keputusan     Menteri    PUPR                      Based on the decree of Minister of PUPR
    No. 496/KPTS/M/2023 tanggal 2 Mei 2023, tentang                      No. 496/KPTS/M/2023 dated May 2, 2023
    penyesuaian tarif tol ruas Cikampek – Purwakarta -                   concerning toll tariff adjustment of Cikampek -
    Padalarang, tarif tol terjauh untuk ruas tersebut                    Purwakarta - Padalarang segment, the farthest toll
    adalah sebagai berikut:                                              tariffs for that segment are as follows:

                                                                                         Golongan/Group
      No                             Ruas/ Section
                                                                       I           II           III        IV              V
      1    Cipularang                                               45.000      76.000       76.000     110.000         110.000

    Berdasarkan       keputusan       Menteri     PUPR                   Based on the decree of Minister of PUPR
    No. 1604/KPTS/M/2023 tanggal 16 November 2023                        No. 1604/KPTS/M/2023 dated November 16, 2023
    tentang kenaikan tarif dan sistem pengumpulan tol                    regarding tariff increases and the system is called
    secara Integrasi pada jalan tol lingkar luar Jakarta                 in an integrated manner on the Jakarta outer ring
    seksi W1-W2 utara-W2 selatan-S-E1-E2-E3-jalan                        toll road section W1-W2 utara-W2 selatan-S-E1-
    akses Tanjung Priok seksi E-1, E-2, E-2A, NS dan                     E2-E3-Tanjung Priok access road section E-1, E-2,
    jalan tol Pondok Aren–Ulujami.                                       E-2A, NS and the Pondok Aren - Ulujami toll road.

                                                                                         Golongan/Group
      No                             Ruas/ Section
                                                                       I           II           III       IV               V
      1    JORR E1, E2, E3 dan W2S                                  17.000      25.000       25.000     33.500          33.500
      2    Pondok Aren - Bintaro Viaduct - Ulujami                  3.500       5.000         5.000     6.500           6.500

    Berdasarkan      keputusan     Menteri    PUPR                       Based on the decree of Minister of PUPR
    No. 2692/KPTS/M/2024 tanggal 3 Oktober 2024,                         No. 2692/KPTS/M/2024 dated October 3, 2024,
    tentang penyesuaian tarif tol ruas Jakarta -                         concerning toll tariff adjustment of Jakarta -
    Tangerang, tarif tol terjauh untuk ruas tersebut                     Tangerang segment, the farthest toll tariffs for that
    adalah sebagai berikut:                                              segment are as follows:

                                                                                         Golongan/Group
      No                             Ruas/ Section
                                                                       I           II           III       IV               V
      1    Jakarta - Tangerang                                      8.500       12.500       12.500     16.500          16.500

    Berdasarkan       keputusan      Menteri    PUPR                     Based on the decree of Minister of PUPR
    No. 854KPTS/M/2023 tanggal 31 Juli 2023, tentang                     No. 854/KPTS/M/2023 dated July 31, 2023,
    penyesuaian tarif tol ruas Jakarta – Bogor - Ciawi                   concerning toll tariff adjustment of Jakarta - Bogor
    (Jagorawi), tarif tol terjauh untuk ruas tersebut                    - Ciawi (Jagorawi) segment, the farthest toll tariffs
    adalah sebagai berikut:                                              for that segment are as follows:

                                                                                         Golongan/Group
      No                             Ruas/ Section
                                                                       I           II           III       IV               V
      1    Jakarta - Bogor - Ciawi                                  7.500       12.000       12.000     17.000          17.000


                                                              137
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PT JASA MARGA (PERSERO) Tbk                                                            PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                          For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                              As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

35. PENDAPATAN TOL DAN LAINNYA                                   35. TOLL AND OTHER OPERATING REVENUES

     Berdasarkan        keputusan        Menteri    PU                  Based on the decree of Minister of PU
     No. 398/KPTS/M/2025 tanggal 26 Maret 2025, tarif                   No. 398/KPTS/M/2025 dated March 26, 2025, the
     tol terjauh ruas Sentul Selatan - Simpang Semplak,                 farthest toll tariffs of Sentul Selatan - Simpang
     yang dioperasikan oleh PT Marga Sarana Jabar                       Semplak segment, which operated by PT Marga
     adalah sebagai berikut:                                            Sarana Jabar are as follows:
                                                                                              Golongan/Group
      No                             Ruas/ Section
                                                                        I              II            III       IV          V
       1    Sentul Selatan - Simpang Semplak                         16.000         24.000        24.000     31.500      31.500
       2    Cibadak - Kayumanis                                      5.500          8.500          8.500     11.500      11.500

     Berdasarkan      keputusan      Menteri     PUPR                   Based on the decree of Minister of PUPR
     No. 1306/KPTS/M/2024 tanggal 19 Juni 2024 untuk                    No. 1306/KPTS/M/2024 dated June 19, 2024 for the
     ruas Surabaya - Mojokerto yang dikelola                            Surabaya - Mojokerto section managed by
     PT Jasamarga Surabaya Mojokerto, tarif terjauh                     PT Jasamarga Surabaya Mojokerto, the farthest
     untuk ruas tersebut adalah sebagai berikut:                        rates for these sections are as follows:

                                                                                             Golongan/Group
      No                             Ruas/ Section
                                                                        I              II           III       IV           V
       1    SS Waru Sepanjang (terbuka)                              3.000          5.000         5.000     7.000        7.000
       2    SS Waru - WRR Warugunung (Terbuka)                       8.500          14.000       14.000     21.000       21.000
       3    PWRR - Mojokerto (Tertutup)                              35.000         57.000       57.000     86.500       86.500

     Berdasarkan      keputusan       Menteri  PUPR                     Based on the decree of Minister of PUPR
     No. 769/KPTS/M/2024 tanggal 02 April 2024 untuk                    No. 769/KPTS/M/2024 dated April 02, 2024 for the
     ruas Nusa Dua - Ngurah Rai - Benoa yang dikelola                   Nusa Dua - Ngurah Rai - Benoa section managed
     PT Jasamarga Bali Tol, tarif terjauh untuk ruas                    by PT Jasamarga Bali Tol, the farthest rates for
     tersebut adalah sebagai berikut:                                   these sections are as follows:
                                                                                          Golongan/Group
      No                           Ruas/ Section
                                                               I             II            III        IV          V          VI
       1    Bali Mandara (Nusa Dua - Ngurah Rai - Benoa)    14.000        21.000        21.000      28.000     28.000      5.500


     Berdasarkan       keputusan    Menteri  PUPR                       Based on the Decree of Minister of PUPR
     No. 1519/KPTS/M/2023 tanggal 25 Oktober 2023,                      No. 1519/KPTS/M/2023 dated October 25, 2023,
     tarif tol terjauh ruas Tanjung Morawa - Tebing                     the farthest toll tariffs of Tanjung Morawa - Tebing
     Tinggi, yang dioperasikan oleh PT Jasamarga                        Tinggi segment, which operated by PT Jasamarga
     Kualanamu Tol adalah sebagai berikut:                              Kualanamu Tol are as follows:
                                                                                             Golongan/Group
       No                            Ruas/ Section
                                                                    I                 II           III        IV            V
       1      Tanjung Morawa - Tebing Tinggi                     60.000            89.500        89.500     119.500      119.500

     Berdasarkan       keputusan   Menteri    PUPR                      Based on the decree of Minister of PUPR
     No. 1160/KPTS/M/2025 tanggal 10 November 2025,                     No. 1160/KPTS/M/2025 dated November 10, 2025,
     tarif tol terjauh ruas Gempol - Pasuruan, yang                     the farthest toll tariffs of Gempol - Pasuruan
     dioperasikan oleh PT Jasamarga Gempol Pasuruan                     segment, which operated by PT Jasamarga Gempol
     adalah sebagai berikut:                                            Pasuruan are as follows:
                                                                                             Golongan/Group
      No                              Ruas/ Section
                                                                        I             II           III        IV           V
       1    Gempol - Pasuruan                                        48.500         73.000       73.000     97.000       97.000

    Berdasarkan      keputusan    Menteri      PUPR                     Based on the decree of Minister of PUPR
    No. 768/KPTS/M/2024 tanggal 2 April 2024, tarif tol                 No. 768/KPTS/M/2024 dated April 2, 2024, the
    terjauh ruas Gempol - Pandaan yang dioperasikan                     farthest toll tariffs of Gempol - Pandaan operated by
    oleh PT Jasamarga Pandaan Tol - Batang adalah                       PT Jasamarga Pandaan Tol are as follows:
    sebagai berikut:

                                                                                             Golongan/Group
       No                            Ruas/ Section
                                                                    I                 II            III       IV            V
       1      Gempol IC - Pandaan                                14.500            23.500        23.500     29.500       29.500



                                                           138
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PT JASA MARGA (PERSERO) Tbk                                                            PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                           For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                               As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)

35. PENDAPATAN TOL DAN LAINNYA                                       35. TOLL AND OTHER OPERATING REVENUES

    Berdasarkan       keputusan       Menteri       PU                   Based on the decree of Minister of PU
    No. 466/KPTS/M/2025 tanggal 30 April 2025, tarif tol                 No. 466/KPTS/M/2025 dated April 30, 2025, the
    terjauh ruas Kunciran - Serpong yang dioperasikan                    farthest toll tariffs of Kunciran - Serpong segment,
    oleh PT Marga Trans Nusantara adalah sebagai                         which operated by PT Marga Trans Nusantara are
    berikut:                                                             as follows:
                                                                                      Golongan/Group
      No                    Ruas/ Section
                                                              I              II             III              IV            V
       1    Kunciran - Serpong                             21,500         32,500          32,500           43,000        43,000

     Berdasarkan     keputusan     Menteri    PUPR                       Based on the decree of Minister of PUPR
     No. 398/KPTS/M/2023 tanggal 27 Maret 2023, tarif                    No. 398/KPTS/M/2023 dated March 27, 2023, the
     tol terjauh ruas Balikpapan - Samarinda                             farthest toll tariffs of Balikpapan - Samarinda
     yang dioperasikan oleh PT Jasamarga Balikpapan                      segment, which operated by PT Jasamarga
     Samarinda adalah sebagai berikut:                                   Balikpapan Samarinda are as follows:

                                                                                              Golongan/Group
       No                        Ruas/ Section
                                                                        I             II             III        IV          V
       1     Balikpapan - Samarinda                                 146.500        219.500        219.500    293.000     293.000

     Berdasarkan        keputusan    Menteri     PUPR                    Based on the decree of Minister of PUPR
     No. 3035/KPTS/M/2024 tanggal 29 November                            No. 3035/KPTS/M/2024 dated November 29, 2024,
     2024, tarif tol terjauh ruas Manado - Bitung yang                   the farthest toll tariffs of Manado - Bitung segment,
     dioperasikan oleh PT Jasamarga Manado Bitung                        which operated by PT Jasamarga Manado Bitung
     adalah sebagai berikut:                                             are as follows:

                                  Ruas/ Section                                               Golongan/Group
       No
                                                                        I              II            III       IV            V
       1     Manado - Bitung                                         49.000         74.000        74.000     98.500       98.500

     Berdasarkan         keputusan     Menteri    PUPR                   Based on the decree of Minister of PUPR
     No. 254/KPTS/M/2024 tanggal 2 Februari 2024,                        No. 254/KPTS/M/2024 dated February 2, 2024, the
     tarif tol terjauh ruas Junction Serpong - Pamulang                  farthest toll tariffs of Junction Serpong - Pamulang
     yang dioperasikan oleh PT Cinere Serpong Jaya                       segment, which operated by PT Cinere Serpong
     adalah sebagai berikut:                                             Jaya are as follows:

                                                                                              Golongan/Group
       No                        Ruas/ Section
                                                                       I              II             III       IV            V
       1     Junction Serpong - Pamulang                            12.000         18.000         18.000     24.000       24.000
       2     Junction Serpong - Cinere                              18.500         28.000         28.000     37.000       37.000

     Berdasarkan         keputusan     Menteri     PUPR                  Based on the decree of Minister of PUPR
     No. 1982/KPTS/M/2023 tanggal 29 Desember 2023,                      No. 1982/KPTS/M/2023 dated December 29, 2023,
     tarif tol terjauh ruas Jc. Benda – Jc. Kunciran yang                the farthest toll tariffs of Jc. Benda – Jc. Kunciran
     dioperasikan oleh PT Jasamarga Kunciran                             operated by PT Jasamarga Kunciran Cengkareng
     Cengkareng adalah sebagai berikut:                                  are as follows:

                                                                                              Golongan/Group
       No                        Ruas/ Section
                                                                       I              II             III       IV            V
        1    JB Benda - JC Kunciran                                 27.000         41.000         41.000     54.500       54.500

     Berdasarkan       keputusan    Menteri   PUPR                       Based on the decree of Minister of PUPR
     No. 1441/KPTS/M/2025 tanggal 8 Desember 2025,                       No. 1441/KPTS/M/2025 dated December 8, 2025,
     tarif tol terjauh ruas Ngawi - Kertosono yang                       the farthest toll tariffs of Ngawi – Kertosono operated
     dioperasikan oleh PT Jasamarga Ngawi Kertosono                      by PT Jasamarga Ngawi Kertosono are as follows:
     Kediri adalah sebagai berikut:

                                                                                              Golongan/Group
      No                         Ruas/ Section
                                                                         I             II            III        IV          V
       1    Ngawi - Kertosono                                        102.000        153.000       153.000    204.000     204.000




                                                             139
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PT JASA MARGA (PERSERO) Tbk                                                        PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                        For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                            As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

35. PENDAPATAN TOL DAN LAINNYA                                    35. TOLL AND OTHER OPERATING REVENUES

    Berdasarkan        keputusan    Menteri    PUPR                   Based on the decree of Minister of PUPR
    No. 1442/KPTS/M/2025 tanggal 8 Desember 2025,                     No. 1442/KPTS/M/2025 dated December 8, 2025,
    tarif tol terjauh ruas Solo-Mantingan-Ngawi yang                  the farthest toll tariffs of Solo-Mantingan-Ngawi
    dioperasikan oleh PT Jasamarga Ngawi Kertosono                    operated by PT Jasamarga Ngawi Kertosono Kediri
    Kediri adalah sebagai berikut:                                    are as follows:
                                                                                          Golongan/Group
      No                            Ruas/ Section
                                                                      I           II             III        IV            V
       1    Kartasura - Klitik                                    163.500      245.500        245.500    327.000       327.000

    Berdasarkan         keputusan     Menteri   PUPR                  Based on the decree of Minister of PUPR
    No. 1155/KPTS/M/2023 tanggal 15 September                         No. 1155/KPTS/M/2023 dated September 15, 2023,
    2023, tarif tol terjauh ruas Batang-Semarang yang                 the farthest toll tariffs of Batang – Semarang
    dioperasikan oleh PT Jasamarga Semarang -                         operated by PT Jasamarga Semarang Batang are
    Batang adalah sebagai berikut:                                    as follows:
                                                                                         Golongan/Group
       No                           Ruas/ Section
                                                                     I          II              III        IV            V
       1     Batang - Semarang                                   111.500     167.500         167.500    223.000       223.000

     Berdasarkan      keputusan        Menteri    PUPR                Based on the decision of the Minister of Public
     No. 2816/KPTS/M/2024 tanggal 18 Oktober 2024                     Works and Public Housing No. 2816/KPTS/M/2024
     dan keputusan Menteri PU No. 683/KPTS/M/2025                     dated October 18, 2024, and the decision of the
     tanggal 22 Juli 2025, tarif tol terjauh ruas Solo –              Minister of Public Works No. 683/KPTS/M/2025
     Yogyakarta – NYIA Kulon Progo Seksi 1 (Kartasura                 dated July 22, 2025, the toll rates for the farthest
     –   Purwomartani)     yang      dioperasikan   oleh              section of Solo – Yogyakarta – NYIA Kulon Progo
     PT Jasamarga Jogja Solo adalah sebagai berikut:                  Section 1 (Kartasura – Purwomartani), operated by
                                                                      PT Jasamarga Jogja Solo, are as follows:
                                    Ruas/ Section                                         Golongan/Group
      No
                                                                      I            II            III        IV            V
       1    Kartasura - Prambanan                                  57.000       85.500        85.500     114.500       114.500
       2    Kartasura - Klaten                                     42.500       63.500        63.500     84.500        84.500



36. PENDAPATAN DAN BEBAN KONSTRUKSI                               36. CONSTRUCTION REVENUES AND EXPENSE

     Pendapatan konstruksi adalah kompensasi untuk                    Construction revenue is the compensation for the
     jasa yang dilakukan Kelompok Usaha dalam                         service performed by the Group for building new toll
     pembangunan jalan tol baru dan peningkatan                       roads and upgrading toll roads capacity.
     kapasitas jalan tol. Pendapatan konstruksi dinilai               Construction revenue is measured using cost-plus
     dengan menggunakan metode cost-plus, dimana                      method, which specifies the margin and added up to
     seluruh biaya yang dapat diatribusikan langsung                  all cost directly attributable to the acquiring cost of
     sebagai nilai perolehan aset tambahan dengan                     the assets.
     margin tertentu.




                                                           140
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PT JASA MARGA (PERSERO) Tbk                                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                   For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                       As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                          (Expressed in millions of Rupiah, unless otherwise stated)

36. PENDAPATAN             DAN       BEBAN            KONSTRUKSI            36.     CONSTRUCTION REVENUES AND EXPENSE
    (lanjutan)                                                                     (continued)
                                                             2025                 2024
     Pendapatan Konstruksi Penyelenggara Tol                                                           Construction Revenues Toll Road Operator
       PT Jasamarga Japek Selatan                             3.122.755            3.629.080                      PT Jasamarga Japek Selatan
       PT Jasamarga Probolinggo Banyuwangi                    2.730.980            4.202.401           PT Jasamarga Probolinggo Banyuwangi
       PT Jasamarga Jogja Solo                                2.556.341            3.046.799                          PT Jasamarga Jogja Solo
       PT Jasamarga Jogja Bawen                               1.668.947            2.094.711                        PT Jasamarga Jogja Bawen
       PT Cinere Serpong Jaya                                         -               44.041                           PT Cinere Serpong Jaya
       PT Marga Sarana Jabar                                          -                4.740                           PT Marga Sarana Jabar
     Subtotal                                                10.079.023           13.021.772                                            Subtotal
     Beban Konstruksi Penyelenggara Tol                                                                 Construction Expense Toll Road Operator
       PT Jasamarga Japek Selatan                             (3.082.682)          (3.582.507)                    PT Jasamarga Japek Selatan
       PT Jasamarga Probolinggo Banyuwangi                    (2.720.099)          (4.185.659)         PT Jasamarga Probolinggo Banyuwangi
       PT Jasamarga Jogja Solo                                (2.556.341)          (3.046.799)                        PT Jasamarga Jogja Solo
       PT Jasamarga Jogja Bawen                               (1.662.298)          (2.086.366)                      PT Jasamarga Jogja Bawen
       PT Cinere Serpong Jaya                                          -              (43.822)                         PT Cinere Serpong Jaya
       PT Marga Sarana Jabar                                           -               (4.659)                         PT Marga Sarana Jabar
     Subtotal                                                (10.021.420)         (12.949.812)                                          Subtotal
     Margin Konstruksi Penyelenggara Tol                         57.603               71.960           Construction Margin Toll Road Operator



37. BEBAN TOL DAN USAHA LAINNYA                                             37. TOLL AND OTHER OPERATING EXPENSES

     Akun ini terdiri dari:                                                       This account consist of:
                                                             2025                 2024
     Amortisasi (Catatan 13 dan 14)                           2.974.509            2.589.484                        Amortization (Notes 13 and 14)
     Harga Pokok Penjualan                                    1.066.721              911.993                                    Cost of Goods Sold
     Gaji dan Tunjangan                                         918.446              901.507                                Salaries and Allowance
     Provisi Pelapisan Ulang Jalan Tol (Catatan 28)             832.158              896.910             Provision for Toll Road Overlay (Note 28)
     Pajak Bumi dan Bangunan                                    710.652              662.060                                 Land and Building Tax
     Pemeliharaan Jalan dan                                                                                             Maintenance of Roads and
       Sarana Pelengkap Jalan Tol                               660.993              622.630                Toll Road Complementary Facilities
     Pelayanan Jalan Tol                                        353.672              323.776                                    Toll Road Services
     Pengumpulan Tol                                            179.822              190.265                                         Toll Collection
     Bahan Bakar, Listrik, dan Air                              150.719              154.028                            Fuel, Electricity, and Water
     Penyusutan (Catatan 11 dan 12)                             107.982              116.611                       Depreciation (Notes 11 and 12)
     Sewa (Catatan 27)                                           51.587               63.262                                         Rent (Note 27)
     Lainnya (Di bawah Rp2.000)                                  74.856               62.611                                Others (Below Rp2,000)
     Total                                                     8.082.117            7.495.137                                                 Total

     Harga Pokok Penjualan merupakan beban langsung                                Cost of Goods Sold are direct expenses owned by
     yang dimiliki oleh JMRB dan JMTM, Entitas Anak,                               JMRB and JMTM, Subsidiaries, which consist of
     meliputi kontrak manajemen, BBM, pemeliharaan                                 management fee, fuel, toll road maintenance, and
     jalan tol, dan lainnya.                                                       others.


38. BEBAN UMUM DAN ADMINISTRASI                                             38. GENERAL AND ADMINISTRATIVE EXPENSES
     Rincian beban umum dan administrasi adalah                                   The details of general and administrative expenses
     sebagai berikut:                                                             are as follows:
                                                              2025                 2024
      Gaji dan Tunjangan                                       1.746.466            1.656.084                              Salaries and Allowance
      Jasa Profesional                                           129.018              112.659                                    Professional Fees
      Administrasi Kantor dan Sumbangan                          103.567              103.426                   Office Administration and Donation
      Pajak Iuran dan Retribusi                                   99.445               96.132                  Taxes, Contribution and Retribution
      Perbaikan dan Pemeliharaan Aset Tetap                       89.911               82.400                 Repair and Maintenance Fixed Asset
      Penyusutan (Catatan 11)                                     86.037               77.254                               Depreciation (Note 11)
      Transportasi dan Perjalanan Dinas                           54.691               57.245                  Transportation and Business Travel
      Publikasi                                                   39.901               33.526                                           Publications
      Bahan Bakar, Listrik, dan Air                               26.997               26.996                           Fuel, Electricity, and Water
      Amortisasi (Catatan 14)                                     26.216               29.755                               Amortization (Note 14)
      Program Tanggung Jawab Sosial dan Lingkungan                17.668               16.452      Social and Enviromental Responsibility Program
      Sewa (Catatan 27)                                           10.650               12.044                                        Rent (Note 27)
      Lainnya (Di bawah Rp3.000)                                  51.769               30.442                             Others (Below Rp3,000)
      Total                                                     2.482.336           2.334.415                                                 Total


                                                                     141
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PT JASA MARGA (PERSERO) Tbk                                                                   PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                    As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                       (Expressed in millions of Rupiah, unless otherwise stated)

39. PENGHASILAN KEUANGAN DAN BEBAN PAJAK                                    39. FINANCE INCOME AND FINANCE INCOME TAX
    PENGHASILAN KEUANGAN                                                        EXPENSES

     a.   Penghasilan Keuangan                                                 a.     Finance Income
                                                            2025               2024
     Penghasilan bunga deposito                                   213.068           187.422                               Deposits interest income
     Penghasilan jasa giro                                         53.642            51.691                               Current accounts income
     Penghasilan bunga pinjaman entitas                                                                           Income interest on in associates,
       asosiasi, ventura bersama, dan lainnya                      29.931            28.534                            joint ventures, and others
     Total                                                        296.641           267.647                                                   Total


     b.   Beban Pajak Penghasilan Keuangan                                     b.     Finance Income Tax Expenses

                                                            2025               2024
     Beban pajak deposito                                       42.614            37.451                                Deposits interest expense
     Beban pajak giro                                           10.729            10.308                                Current accounts expense
     Total                                                      53.343
                                                                53.343            47.759                                                     Total




40. PENGHASILAN DAN BEBAN LAIN-LAIN                                         40. INCOME AND OTHER EXPENSES

     a.   Penghasilan Lain-Lain                                                 a. Other Income
                                                            2025               2024
     Penyesuaian utang di entitas anak                         100.134             88.494                              Adjustment on subsidiaries
     Penyesuaian pencadangan MLFF                               22.480                  -                               MLFF reserve adjustment
     Pemulihan penurunan nilai aset tidak lancar lain                                              Recovery of impairment of non-current assets
       - uang muka setoran modal di JGC (Catatan 10)           35.126                     -   advance for capital investment in JGC - (Note 10)
     Pendapatan dividen                                        15.648                14.690                                      Dividend income
     Penghasilan atas ganti rugi kerusakan aset                 2.839                 2.463              Income on asset damage compensation
     Penerimaan hasil likuidasi JLJ                             2.498                     -                            Proceeds of JLJ liquidation
     Keuntungan Penjualan Aset Tetap                            2.022                     -                           Gain on Sale of Fixed Asset
     Pemulihan Penyisihan Piutang Lain-Lain (Catatan 6)           780                 1.922    Recovery of Other Receivables Allowance (Note 6)
     Lainnya (Di bawah Rp2.000)                                69.414               153.378                               Others (Below Rp2,000)
     Total                                                    250.941               260.947                                                  Total


     b.   Beban Lain-Lain                                                       b. Other Expenses

                                                            2025               2024
     Penyesuaian piutang di entitas anak                        54.017                    -                             Adjustment on subsidiary
     Penyisihan Piutang Lain-Lain (Catatan 6)                   33.054               10.994                Other Receivables Allowance (Note 6)
     Pencadangan atas ISAK 34                                   18.626               14.559                                  Provision of ISAK 34
     Biaya penjaminan PII                                        7.908                8.212                                     PII Recurring Fee
     Pencadangan Implementasi MLFF                               2.132              102.885                Provision for implementation of MLFF
     Administrasi Bank                                           1.515                1.993                                  Bank Administration
     Lainnya (Di bawah Rp2.000)                                 34.903               29.643                               Others (Below Rp2,000)
     Total                                                     152.155              168.286                                                  Total



41. BIAYA KEUANGAN                                                          41. FINANCE COSTS

     Rincian biaya keuangan adalah sebagai berikut:                            The details of finance costs are as follows:

                                                           2025                2024
     Utang bunga bank                                      3.349.369            3.444.015                                 Bank interest loans
     Utang bunga obligasi                                    159.616              102.883                                       Bonds Interest
     Beban bagi hasil syariah                                 20.419              399.741                               Profit sharing syariah
     Beban Provisi Pinjaman                                   20.752                9.440                            Loan Provision Expense
     Utang lembaga keuangan bukan bank                        16.049               19.707                       Non-bank financial institutions
     Beban bunga liabilitas sewa                              10.845                8.230                             Lease interest expense
     Lainnya                                                  26.819               42.321                                               Others
     Total                                                 3.603.869            4.026.337                                                   Total




                                                                     142
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PT JASA MARGA (PERSERO) Tbk                                                                                             PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                 FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                                          For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                              As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                 (Expressed in millions of Rupiah, unless otherwise stated)

42. LABA PER SAHAM                                                                               42. EARNINGS PER SHARE

     Sampai dengan tanggal 31 Desember 2025,                                                              Until the date of December 31, 2025, the Company
     Perusahaan tidak melakukan pembelian kembali                                                         did not repurchase its shares or issued new shares,
     saham maupun menerbitkan saham baru, sehingga                                                        so the number of shares as of December 31, 2025
     jumlah saham pada 31 Desember 2025 adalah                                                            is 7,257,871,200 shares.
     7.257.871.200 lembar.

     Laba per saham dihitung dari laba tahun berjalan                                                     Earnings per share is calculated from profit of the
     yang dapat diatribusikan kepada pemilik entitas                                                      current year attributable to owners of the parent
     induk dibagi dengan jumlah rata-rata tertimbang                                                      divided by the weighted average of outstanding
     saham pada tahun berjalan, dengan rincian sebagai                                                    shares during the year, with details as follows:
     berikut:
                                                                          2025                          2024
     Laba tahun berjalan (Rupiah penuh)                             3.659.534.913.253             4.533.006.531.196                                      Profit for year (full Rupiah)
     Rata-rata tertimbang                                                                                                                                       Weighted average of
       saham beredar (lembar)                                            7.257.871.200                  7.257.871.200                                          outstanding shares
     Laba Per Saham (Rupiah penuh)                                                 504                            625                             Earnings per Share (full Rupiah)




43. SALDO DAN SIFAT TRANSAKSI PIHAK YANG                                                         43. BALANCES AND NATURE                                          OF         RELATED
    BERELASI                                                                                         PARTIES TRANSACTIONS

     Kelompok Usaha melakukan transaksi dengan                                                          The Group normally enters into transactions with
     pihak-pihak berelasi. Berikut adalah transaksi                                                     related parties. Below are the material transactions
     dengan pihak-pihak berelasi yang material:                                                         with related parties:
                     Pihak Berelasi/                                     Hubungan/                                                            Jenis Transaksi/
                     Related Parties                                Nature of Relationship                                                 Nature of Transactions
    Pemerintah Republik Indonesia             Dikendalikan oleh Pemerintah Pusat Republik Indonesia/            Hak Konsesi atas Ruang Tol, Utang Bantuan Pemerintah, Dana Talangan
    Kementerian Keuangan                      Controlled by Central Government of the Republic of Indonesia     Pembebasan Tanah dan Perpajakan/ Concession Rights on Toll Roads,
                                                                                                                Government Assistance Debt, Land Acquisition Bailouts and Taxation
    PT Adhi Karya (Persero) Tbk               Dikendalikan oleh Pemerintah Pusat Republik Indonesia/            Beban Akrual, Kontraktor dalam Pembangunan dan Pemeliharaan Aset Tetap
                                              Controlled by Central Government of the Republic of Indonesia     dan Jalan Tol/
                                                                                                                Accrued Expenses, Contractor for Construction and Maintenance of Fixed
                                                                                                                Assets and Toll Roads
    PT Bank Mandiri (Persero) Tbk             Dikendalikan oleh Pemerintah Pusat Republik Indonesia/            Penempatan Giro, Deposito Berjangka, Investasi Jangka Pendek, Dana yang
                                              Controlled by Central Government of the Republic of Indonesia     Dibatasi Penggunaannya, Fasilitas Kredit Modal Kerja, Fasilitas Kredit
                                                                                                                Sindikasi, Biaya Keuangan, Piutang Lain-lain dan Pendapatan Bunga/
                                                                                                                Placement of Current Accounts, Time Deposits, Short Term Investments,
                                                                                                                Restricted Funds, Working Capital Credit Facility, Syndicated Loans Facility,
                                                                                                                Finance Charges, Other Receivables and Interest Income

    PT Bank Negara Indonesia (Persero) Tbk    Dikendalikan oleh Pemerintah Pusat Republik Indonesia/            Penempatan Giro, Deposito Berjangka, Fasilitas Kredit Investasi, Fasilitas
                                              Controlled by Central Government of the Republic of Indonesia     Kredit Sindikasi, Bank untuk Pengumpulan Tol, Biaya Keuangan Pendapatan
                                                                                                                Bunga dan Dana Dibatasi Penggunaannya/ Placement of Current Accounts,
                                                                                                                Time Deposits, Investment Credit Facility, Syndicated Loans Facility, Bank for
                                                                                                                Toll Collection, Finance Charges, Interest Income and Restricted Funds

    PT Bank Rakyat Indonesia (Persero) Tbk    Dikendalikan oleh Pemerintah Pusat Republik Indonesia/            Penempatan Giro, Deposito Berjangka, Fasilitas Kredit Investasi, Fasilitas
                                              Controlled by Central Government of the Republic of Indonesia     Kredit Sindikasi, Bank untuk Pengumpulan Tol, Biaya Keuangan, Piutang Lain-
                                                                                                                lain dan Pendapatan Bunga/ Placement of Current Accounts, Time Deposits,
                                                                                                                Investment Credit Facility, Syndicated Loans Facility, Bank for Toll
                                                                                                                Collection, Finance Charges, Other Receivables and Interest Income
    PT Bank Tabungan Negara (Persero) Tbk     Dikendalikan oleh Pemerintah Pusat Republik Indonesia/            Penempatan Giro, Deposito Berjangka, Fasilitas Kredit Investasi, Fasilitas
                                              Controlled by Central Government of the Republic of Indonesia     Kredit Sindikasi, Biaya Keuangan dan Pendapatan Bunga/ Placement of
                                                                                                                Current Accounts, Time Deposits, Investment Credit Facility, Syndicated
                                                                                                                Loans Facility, Finance Charges and Interest Income
    PT Sarana Multi Infrastruktur (Persero)   Dikendalikan oleh Pemerintah Pusat Republik Indonesia/            Pinjaman kepada Lembaga Keuangan Bukan Bank, Pinjaman Fasilitas Kredit
                                              Controlled by Central Government of the Republic of Indonesia     Sindikasi/
    Lembaga Pembiayaan Ekspor Indonesia       Dikendalikan oleh Pemerintah Pusat Republik Indonesia/            Pinjaman Fasilitas Kredit Sindikasi/
                                              Controlled by Central Government of the Republic of Indonesia     Syndicated Loans Facility
    PT Hutama Karya (Persero)                 Dikendalikan oleh Pemerintah Pusat Republik Indonesia/            Beban Akrual, Kontraktor dalam Pembangunan dan Pemeliharaan Aset Tetap
                                              Controlled by Central Government of the Republic of Indonesia     dan Jalan Tol dan Piutang Lain-lain/Accrued Expenses , Contractor for
                                                                                                                Construction and Maintenance of Property and Equipment and Toll Roads
                                                                                                                and Other Receivables
    PT Pembangunan Perumahan (Persero) Tbk    Dikendalikan oleh Pemerintah Pusat Republik Indonesia/            Kontraktor dalam Pembangunan dan Pemeliharaan Aset Tetap dan Jalan,
                                              Controlled by Central Government of the Republic of Indonesia     Dana Talangan Tanah/ Contractor for Construction and Maintenance of
                                                                                                                Property and Equipment and Toll Roads, Land Bridging Fund
    PT Waskita Karya (Persero) Tbk            Dikendalikan oleh Pemerintah Pusat Republik Indonesia/            Beban Akrual, Kontraktor dalam Pembangunan dan Pemeliharaan Aset Tetap
                                              Controlled by Central Government of the Republic of Indonesia     dan Jalan, Dana Talangan Tanah/ Accrued Expenses , Contractor for
                                                                                                                Construction and Maintenance of Fixed Assets and Toll Roads, Land Bridging
                                                                                                                Fund
    PT Wijaya Karya (Persero) Tbk             Dikendalikan oleh Pemerintah Pusat Republik Indonesia/            Beban Akrual, Kontraktor dalam Pembangunan dan Pemeliharaan Aset Tetap
                                              Controlled by Central Government of the Republic of Indonesia     dan Jalan, Dana Talangan Tanah dan Piutang Lain-lain/Accrued Expenses ,
                                                                                                                Contractor for Construction and Maintenance of Fixed Assets and Toll Roads,
                                                                                                                Land Bridging Fund and Other Receivables
    PT Virama Karya (Persero)                 Dikendalikan oleh Pemerintah Pusat Republik Indonesia/            Beban Akrual, Konsultan dalam Pembangunan dan Pemeliharaan Aset Tetap
                                              Controlled by Central Government of the Republic of Indonesia     dan Jalan Tol/ Accrued Expenses , Consultant for Construction and
                                                                                                                Maintenance of Fixed Assets and Toll Roads



                                                                                      143
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PT JASA MARGA (PERSERO) Tbk                                                                                               PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                   FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                                          For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                              As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                 (Expressed in millions of Rupiah, unless otherwise stated)

43. SALDO DAN SIFAT TRANSAKSI PIHAK YANG                                                        43. BALANCES AND NATURE OF RELATED
    BERELASI (lanjutan)                                                                             PARTIES TRANSACTIONS (continued)

                     Pihak Berelasi/                                      Hubungan/                                                             Jenis Transaksi/
                     Related Parties                                 Nature of Relationship                                                  Nature of Transactions
     PT Bank Syariah Indonesia Tbk             Entitas yang Berelasi dengan Pemerintah/                            Penempatan Giro, Deposito Berjangka, Investasi Jangka Pendek, Dana yang
                                               Goverment Related Entities                                          Dibatasi Penggunaannya, Fasilitas Kredit Modal Kerja, Fasilitas Kredit
                                                                                                                   Sindikasi, Biaya Keuangan dan Pendapatan Bunga/ Placement of Current
                                                                                                                   Accounts, Time Deposits, Short Term Investments, Restricted Funds, Working
                                                                                                                   Capital Credit Facility, Syndicated Loans Facility, Finance Charges and
                                                                                                                   Interest Income
     PT Agrinas Pangan Nusantara (Persero)     Dikendalikan oleh Pemerintah Pusat Republik Indonesia/              Beban Akrual/Accrued Expenses
                                               Controlled by Central Government of the Republic of Indonesia
     PT Pertamina Retail                       Dikendalikan oleh Pemerintah Pusat Republik Indonesia/              Piutang Lain-lain/Other Receivables
                                               Controlled by Central Government of the Republic of Indonesia
     PT Cibitung Tanjung Priok Port Tollways   Entitas Ventura Bersama/Joint Venture                               Piutang Lain-lain/Other Receivables
     PT Waskita Bumi Wira                      Dikendalikan oleh Pemerintah Pusat Republik Indonesia/              Piutang Lain-lain/Other Receivables
                                               Controlled by Central Government of the Republic of Indonesia
     PT Cimanggis Cibitung Tollways            Dikendalikan oleh Pemerintah Pusat Republik Indonesia/              Piutang Lain-lain/Other Receivables
                                               Controlled by Central Government of the Republic of Indonesia
     PT Waskita Sriwijaya Tol                  Dikendalikan oleh Pemerintah Pusat Republik Indonesia/              Piutang Lain-lain/Other Receivables
                                               Controlled by Central Government of the Republic of Indonesia
     PT PP Semarang Demak                      Pengendalian Manajemen Kunci/Key Management Control                 Piutang Lain-lain/Other Receivables
     PT Jasamarga Jalanlayang Cikampek         Entitas Ventura Bersama/Joint Venture                               Piutang Lain-lain, Utang Titipan/Other Receivables, Deposit Payable
     PT Trans Jabar Tol                        Dikendalikan oleh Pemerintah Pusat Republik Indonesia/              Piutang Lain-lain/Other Receivables
                                               Controlled by Central Government of the Republic of Indonesia
     PT Trans Marga Jateng                     Entitas Ventura Bersama/Joint Venture                               Piutang Lain-lain/Other Receivables
     PT Jasamarga Pandaan Malang               Entitas Ventura Bersama/Joint Venture                               Piutang Lain-lain/Other Receivables
     PT Waskita Beton Precast Tbk              Dikendalikan oleh Pemerintah Pusat Republik Indonesia/              Piutang Lain-lain/Other Receivables
                                               Controlled by Central Government of the Republic of Indonesia
     Induk Koperasi Karyawan Jasa Marga        Pengendalian Manajemen Kunci/Key Management Control                 Piutang Lain-lain/Other Receivables
     PT Marga Lingkar Jakarta                  Entitas Ventura Bersama/Joint Venture                               Piutang Lain-lain/Other Receivables
     PT Pertamina Marine Solution              Dikendalikan oleh Pemerintah Pusat Republik Indonesia/              Utang Usaha/Accounts Payable
                                               Controlled by Central Government of the Republic of Indonesia



     Dalam kegiatan usahanya, Kelompok Usaha                                                             In the normal course of business, the Group entered
     melakukan transaksi dengan pihak-pihak berelasi                                                     into certain transactions with the related parties
     yang dilakukan dengan syarat-syarat dan kondisi                                                     conducted by normal terms and conditions. These
     normal. Transaksi ini termasuk pembayaran oleh                                                      transactions include payments made by the Group
     Kelompok Usaha atas beban-beban pihak-pihak                                                         to the related parties or vice versa. Balance of
     berelasi atau sebaliknya. Saldo transaksi dengan                                                    related parties accounts as of December 31, 2025
     pihak berelasi pada tanggal 31 Desember 2025 dan                                                    and 2024 are as follows:
     2024 adalah sebagai berikut:
                                                                                                                                                  Persentase dari Total Aset/
                                                                                                                                                  Percentage from Total Asset
                                                                                                2025                     2024                      2025                2024
    Aset/ Assets
    Kas dan Setara Kas/ Cash and Cash Equivalents
    Bank/ Cash in Banks
      Rupiah
      PT Bank Mandiri (Persero) Tbk                                                               2.296.989                1.075.943                1,44%                       0,72%
      PT Bank Rakyat Indonesia (Persero) Tbk                                                         75.108                   64.009                0,05%                       0,04%
      PT Bank Negara Indonesia (Persero) Tbk                                                         68.397                  232.052                0,04%                       0,16%
      PT Bank Tabungan Negara (Persero) Tbk                                                          10.693                    6.378                0,01%                       0,00%
      PT Bank Syariah Indonesia Tbk                                                                   6.082                    3.605                0,00%                       0,00%
      PT Bank Mandiri Taspen                                                                            415                      178                0,00%                       0,00%
    Sub Total                                                                                     2.457.684                1.382.165                1,54%                       0,92%
      Dolar Amerika Serikat/ United States Dollar
      PT Bank Mandiri (Persero) Tbk                                                                            -                   251                   -                      0,00%
    Sub Total                                                                                                  -                   251                   -                      0,00%
    Deposito Berjangka/ Time Deposits
      Rupiah
      PT Bank Rakyat Indonesia (Persero) Tbk                                                      1.350.602                1.286.603                0,84%                       0,87%
      PT Bank Syariah Indonesia Tbk                                                                 709.600                  681.100                0,44%                       0,46%
      PT Bank Tabungan Negara (Persero) Tbk                                                         344.000                  218.272                0,22%                       0,15%
      PT Bank Mandiri Taspen                                                                        328.500                   92.000                0,21%                       0,06%
      PT Bank Negara Indonesia (Persero) Tbk                                                         80.000                   10.081                0,05%                       0,01%
      PT Bank Mandiri (Persero) Tbk                                                                  38.128                  575.000                0,02%                       0,39%
      PT Bank Syariah Nasional                                                                       30.000                   60.000                0,02%                       0,04%
    Sub Total                                                                                     2.880.830                2.923.056                1,80%                       1,98%
      Dolar Amerika Serikat/ United States Dollar
      PT Bank Mandiri (Persero) Tbk                                                                  18.460                    17.778               0,01%                       0,01%
    Sub Total Deposito Berjangka/ Time Deposits                                                      18.460                    17.778               0,01%                       0,01%
    Total Kas dan Setara Kas/ Total Cash and Cash Equivalents                                     5.356.974                4.323.250                3,35%                       2,91%



                                                                                       144
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PT JASA MARGA (PERSERO) Tbk                                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                       For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                           As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                              (Expressed in millions of Rupiah, unless otherwise stated)

43. SALDO DAN SIFAT TRANSAKSI PIHAK YANG                                          43. BALANCES AND NATURE OF RELATED
    BERELASI (lanjutan)                                                               PARTIES TRANSACTIONS (continued)

                                                                                                                    Persentase dari Total Aset/
                                                                                                                    Percentage from Total Asset
                                                                                   2025             2024             2025                2024
          Aset/ Assets
          Piutang Lain-lain/ Other Receivables
            Lancar/ Current
            Pendapatan Tol / Toll Income
              PT Bank Mandiri (Persero) Tbk                                           93.592           20.508        0,06%              0,01%
              PT Bank Rakyat Indonesia (Persero) Tbk                                   6.499            6.105        0,00%              0,00%
              PT Bank Negara Indonesia (Persero) Tbk                                   3.338            1.962        0,00%              0,00%
          Sub Total                                                                  103.429           28.575        0,06%              0,01%
            Pinjaman Pemegang Saham/ Shareholder Loans
              PT Jasamarga Jalanlayang Cikampek                                      151.733          146.076        0,09%              0,10%
          Sub Total                                                                  151.733          146.076        0,09%              0,10%
            Pendapatan Lain / Other Income
              PT Wijaya Karya (Persero) Tbk                                           69.724              533        0,04%              0,00%
              PT Waskita Karya (Persero) Tbk                                          47.810              648        0,03%              0,00%
              PT Trans Jabar Tol                                                      44.130           42.569        0,03%              0,03%
              PT Waskita Sriwijaya Tol                                                32.430           32.338        0,02%              0,02%
              PT Cimanggis Cibitung Tollways                                          19.264           26.067        0,01%              0,02%
              PT PP Semarang Demak                                                    18.683           11.291        0,01%              0,01%
              PT Pertamina Retail                                                     12.904           17.094        0,01%              0,01%
              PT Marga Lingkar Jakarta                                                12.451            6.035        0,01%              0,00%
              PT Trans Marga Jateng                                                    7.684            3.712        0,00%              0,00%
              PT Jasamarga Pandaan Malang                                              5.584            3.716        0,00%              0,00%
              Induk Koperasi Karyawan Jasa Marga                                       4.160            4.160        0,00%              0,00%
              PT Waskita Bumi Wira                                                     3.128            1.629        0,00%              0,00%
              PT Cibitung Tanjung Priok Port Tollways                                  3.007           20.143        0,00%              0,01%
              PT Wijaya Karya Realty Tbk                                               2.322            1.275        0,00%              0,00%
              Lainnya Berelasi (Di bawah Rp2.000)/ Others (Below Rp2,000)              3.732            4.293        0,00%              0,00%
          Sub Total                                                                  287.013          175.503        0,16%              0,10%
          Subtotal Lancar/ Subtotal Current                                          542.175          350.154        0,31%              0,21%

            Tidak lancar/ Non Current
              PT Jasamarga Jalanlayang Cikampek                                      341.071          312.946        0,21%              0,21%
          Subtotal Tidak Lancar/ Subtotal Current                                    341.071          312.946        0,21%              0,21%

          Dana Dibatasi Penggunaannya/ Restricted Funds
            Lancar/ Current
            Bank
              Rekening Pembebasan Tanah/ Land Acqusition Account
                PT Bank Mandiri (Persero) Tbk                                             7.260        12.443        0,00%              0,01%
                PT Bank Negara Indonesia (Persero) Tbk                                    1.091         1.466        0,00%              0,00%
                PT Bank Rakyat Indonesia (Persero) Tbk                                       48           161        0,00%              0,00%
              Subtotal                                                                    8.399        14.070        0,00%              0,01%
              Jaminan Sindikasi Bank/ Syndicated Bank Guarantee
                PT Bank Negara Indonesia (Persero) Tbk                               118.729          154.913        0,07%              0,10%
                PT Bank Mandiri (Persero) Tbk                                         61.121           35.840        0,04%              0,02%
                PT Bank Rakyat Indonesia (Persero) Tbk                                   541            5.204        0,00%              0,00%
              Subtotal                                                               180.391          195.957        0,11%              0,12%
              Jaminan Pelaksanaan/ Performance Bond
                PT Bank Mandiri (Persero) Tbk                                         27.709           44.821        0,02%              0,03%
                PT Bank Rakyat Indonesia (Persero) Tbk                                 5.717                -        0,00%                 -
                PT Bank Negara Indonesia (Persero) Tbk                                    92                -        0,00%                 -
              Subtotal                                                                33.518           44.821        0,02%              0,03%
              Rekening Amanat Pendapatan Tol/ Toll Collection
                Escrow Account
                PT Bank Mandiri (Persero) Tbk                                        167.024          127.585        0,10%              0,09%
                PT Bank Rakyat Indonesia (Persero) Tbk                                23.280           27.612        0,01%              0,02%
                PT Bank Negara Indonesia (Persero) Tbk                                 5.956            4.522        0,00%              0,00%
              Subtotal                                                               196.260          159.719        0,11%              0,11%
            Deposito
              Jaminan Pemeliharaan/ Maintenance Bond
                PT Bank Mandiri (Persero) Tbk                                          7.345            5.231        0,00%              0,00%
              Subtotal                                                                 7.345            5.231        0,00%              0,00%
          Subtotal Lancar/ Subtotal Current                                          425.913          419.798        0,24%              0,27%




                                                                            145
Page 979
PT JASA MARGA (PERSERO) Tbk                                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                      For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                          As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                             (Expressed in millions of Rupiah, unless otherwise stated)

43. SALDO DAN SIFAT TRANSAKSI PIHAK YANG                                         43. BALANCES AND NATURE OF RELATED
    BERELASI (lanjutan)                                                              PARTIES TRANSACTIONS (continued)
                                                                                                                    Persentase dari Total Aset/
                                                                                                                    Percentage from Total Asset
                                                                                  2025             2024              2025                2024
           Aset/ Assets
           Dana Dibatasi Penggunaannya/ Restricted Funds
             Tidak Lancar/ Non-Current
             Bank
               Rekening Pembebasan Tanah/ Land Acqusition Account
                 PT Bank Mandiri (Persero) Tbk                                       24.067           20.041         0,02%                0,01%
               Subtotal                                                              24.067           20.041         0,02%                0,01%
               Jaminan Sindikasi Bank/ Syndicated Bank Guarantee
                 PT Bank Negara Indonesia (Persero) Tbk                             188.827           55.737         0,12%                0,04%
                 PT Bank Mandiri (Persero) Tbk                                       48.346           33.981         0,03%                0,02%
                 PT Bank Syariah Indonesia Tbk                                       30.310                -         0,02%                   -
                 PT Bank Rakyat Indonesia (Persero) Tbk                              28.628           13.125         0,02%                0,01%
               Subtotal                                                             296.111          102.843         0,19%                0,07%
             Deposito
               Jaminan Sindikasi Bank/ Syndicated Bank Guarantee
                 PT Bank Mandiri (Persero) Tbk                                               -            5.419        -                  0,00%
               Subtotal                                                                      -            5.419        -                  0,00%
               Jaminan Pelaksanaan/ Performance Bond
                 PT Bank Mandiri (Persero) Tbk                                               -            7.345        -                  0,00%
               Subtotal                                                                      -            7.345        -                  0,00%
               Jaminan Pemeliharaan/ Maintenance Bond
                 PT Bank Mandiri (Persero) Tbk                                        5.231                -         0,00%                   -
               Subtotal                                                               5.231                -         0,00%                   -
           Subtotal Tidak Lancar/ Subtotal Non-Current                              325.409          135.648         0,21%                0,08%
           Total Dana Dibatasi Penggunaannya/ Restricted Funds                      751.322          555.446         0,45%                0,35%


                                                                                                                  Persentase dari Total Liabilitas/
                                                                                                                  Percentage from Total Liabilities
                                                                                  2025             2024              2025                 2024
           Liabilitas/ Liabilities
           Utang Usaha/ Accounts Payable
             PT Pertamina Marine Solution                                                   383             598      0,00%                0,00%
             Lainnya Berelasi (Di bawah Rp2.000)/ Others (Below Rp2,000)                 2.448            5.150      0,00%                0,01%
           Total Utang Usaha/ Accounts Payable                                           2.831            5.748      0,00%                0,01%

           Beban Akrual Jk Pendek/ Short-Term Accrued Expenses
            Beban Kontraktor dan Konsultan/
              Contractors and Consultant Expense
              PT Adhi Karya (Persero) Tbk                                          2.080.344        2.503.554        2,13%                2,79%
              PT Waskita Karya (Persero) Tbk                                       1.077.597        1.129.075        1,10%                1,26%
              PT Wijaya Karya (Persero) Tbk                                          728.708                -        0,75%                   -
              PT Hutama Karya (Persero)                                              249.702                -        0,26%                   -
              PT Virama Karya (Persero)                                                7.801            6.586        0,01%                0,01%
              PT Agrinas Pangan Nusantara (Persero)                                    1.954            2.103        0,00%                0,00%
            Subtotal                                                               4.146.106        3.641.318        4,25%                4,06%

             Beban Bunga/ Interest Expenses
               Utang Bank/ Bank Loans
               PT Bank Mandiri (Persero) Tbk                                          20.972            4.661        0,02%                0,01%
               PT Bank Negara Indonesia (Persero) Tbk                                  3.660              200        0,00%                0,00%
               PT Bank Syariah Indonesia Tbk                                           3.324              229        0,00%                0,00%
               PT Bank Rakyat Indonesia (Persero) Tbk                                    239                -        0,00%                   -
               PT Sarana Multi Infrastruktur (Persero)                                     -              515           -                 0,00%
             Subtotal                                                                 28.195            5.605        0,02%                0,01%
           Sub Total Jk Pendek/ Sort Term Sub Total                                4.174.301        3.646.923        4,27%                4,07%

           Beban Akrual Jk Panjang/ Long-Term Accrued Expenses
             Utang Ke Pemerintah/ Due to Government
             Utang Ke Pemerintah Ruas Tol Seksi 1 & 2                                712.202          700.630        0,73%                0,78%
           Sub Total Jk Panjang/ Long Term Sub Total                                 712.202          700.630        0,73%                0,78%
           Total Beban Akrual/ Total Accrued Expenses                              4.886.503        4.347.553        5,00%                4,85%




                                                                           146
Page 980
PT JASA MARGA (PERSERO) Tbk                                                           PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                           For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                               As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)

43. SALDO DAN SIFAT TRANSAKSI PIHAK YANG                              43. BALANCES AND NATURE OF RELATED
    BERELASI (lanjutan)                                                   PARTIES TRANSACTIONS (continued)

                                                                                                     Persentase dari Total Liabilitas/
                                                                                                     Percentage from Total Liabilities
                                                                       2025            2024             2025                 2024
           Liabilitas/ Liabilities
           Utang Bank Jangka Panjang-Bagian Jangka
             Long Term Bank Loans-Current Maturities
               PT Bank Negara Indonesia (Persero) Tbk                   1.941.490       1.848.139       1,99%                2,06%
               PT Bank Mandiri (Persero) Tbk                              622.368         512.313       0,64%                0,57%
               PT Bank Rakyat Indonesia (Persero) Tbk                     235.521         113.745       0,24%                0,13%
               PT Bank Syariah Indonesia Tbk                              165.751          55.270       0,17%                0,06%
               PT Sarana Multi Infrastruktur (Persero)                     62.374          81.471       0,06%                0,09%
               PT Bank Tabungan Negara (Persero) Tbk                       14.633          12.334       0,01%                0,01%
               Lembaga Pembiayaan Ekspor Indonesia                          9.867          19.330       0,01%                0,02%
             Subtotal                                                   3.052.004       2.642.602       3,12%                2,94%

           Utang Bank Jangka Panjang - Bagian Jangka Panjang/
             Long Term Bank Loans - Long Term Portion
               PT Bank Mandiri (Persero) Tbk                           24.188.346      19.432.511       24,78%              21,62%
               PT Bank Negara Indonesia (Persero) Tbk                   9.070.263       8.715.388       9,29%               9,70%
               PT Sarana Multi Infrastruktur (Persero)                  4.099.644       4.153.832       4,20%               4,62%
               PT Bank Syariah Indonesia Tbk                            2.524.530       1.847.128       2,59%               2,06%
               PT Bank Rakyat Indonesia (Persero) Tbk                   1.569.106       1.899.468       1,61%               2,11%
               Lembaga Pembiayaan Ekspor Indonesia                        214.060         681.713       0,22%               0,76%
               PT Bank Tabungan Negara (Persero) Tbk                        9.939          24.524       0,01%               0,03%
             Subtotal                                                  41.675.888      36.754.564       42,70%              40,90%
           Total Utang Bank/ Bank Loans                                44.727.892      39.397.166       45,82%              43,84%
                                                                                                `
           Utang Lembaga Keuangan Bukan Bank Jangka Panjang/
             Non - Bank Financial Institution Long Term Loan
             PT Sarana Multi Infrastruktur (Persero)                            -         272.000          -                 0,30%
             Subtotal                                                           -         272.000       0,00%                0,30%
           Total Utang Lembaga Keuangan Bukan Bank/
             Non - Bank Financial Institution                                   -         272.000         -                  0,30%

           Utang Kontraktor Jangka Pendek/
             Short-Term Contractors Payable
               PT Wijaya Karya (Persero) Tbk                              35.810           35.810       0,04%                0,04%
               PT Pembangunan Perumahan (Persero) Tbk                     54.437           58.339       0,06%                0,06%
               PT Adhi Karya (Persero) Tbk                                 3.780            3.635       0,00%                0,00%
               PT Virama Karya (Persero)                                       -            2.908          -                 0,00%
               Lain - lain (di bawah Rp2.000)                                 41               41       0,00%                0,00%
           Total Utang Kontraktor Jangka Pendek/
             Short-Term Contractors Payable                               94.068          100.733       0,10%                0,10%

           Utang Kontraktor Jangka Panjang/
             Long-term Contractors Payable
               PT Adhi Karya (Persero) Tbk                               355.031          483.267       0,36%                0,54%
               KSO PP - WASKITA - WIKA                                   188.820           93.167       0,19%                0,10%
               PT Pembangunan Perumahan (Persero) Tbk                      7.693           36.502       0,01%                0,04%
               PT Waskita Karya (Persero) Tbk                                  -          131.359          -                 0,15%
             PT Wijaya Karya (Persero) Tbk                                     -           41.266          -                 0,05%
           Total Utang Kontraktor Jangka Panjang/
             Long-term Contractors Payable                               551.544          785.561       0,56%                0,88%

           Liabilitas Pembebasan Tanah Jangka Panjang -
             Bagian Jangka Panjang/ Long-term
             Land Acquisition Liabilities - Long-term Portion
               Badan Layanan Umum - Badan Pengatur Jalan Tol             108.292          109.008       0,11%                0,12%
           Total Liabilitas Pembebasan Tanah Jangka Panjang -
             Bagian Jangka Panjang/ Long-term
             Land Acquisition Liabilities - Long-term Portion            108.292          109.008       0,11%                0,12%
           Liabilitas Keuangan Jangka Pendek Lainnya/
             Other Current Financial Liabilities
             Utang Titipan/ Deposit Payable
               PT Jasamarga Jalanlayang Cikampek                          48.480           52.923       0,05%                0,06%
           Total Liabilitas Keuangan Jangka Pendek Lainnya/
             Other Current Financial Liabilities                          48.480           52.923       0,05%                0,06%




                                                                147
Page 981
PT JASA MARGA (PERSERO) Tbk                                                            PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                         For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                             As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

43. SALDO DAN SIFAT TRANSAKSI PIHAK YANG                             43. BALANCES AND NATURE OF RELATED
    BERELASI (lanjutan)                                                  PARTIES TRANSACTIONS (continued)
     Remunerasi Komisaris dan Direksi                                   Remuneration of Commissioners and Directors

      (i) Jumlah      remunerasi     yang    diterima                   (i) Total remuneration received by the Board of
          Dewan Komisaris untuk tahun-tahun yang                            Commissioners for the years ended on
          berakhir pada tanggal 31 Desember 2025 dan                        December 31, 2025 and 2024 amounted to
          2024 masing-masing sebesar Rp19.061 dan                           Rp19,061 and Rp14,421, respectively.
          Rp14.421.
      (ii) Jumlah remunerasi yang diterima Direksi untuk                (ii) Total remuneration received by the Board of
           tahun-tahun yang berakhir pada tanggal                            Directors  for   the    years   ended   on
           31 Desember 2025 dan 2024 masing-masing                           December 31, 2025 and 2024 amounted to
           sebesar Rp24.344 dan Rp23.941.                                    Rp24,344 and Rp23,941, respectively.


44. PERJANJIAN DAN PERIKATAN PENTING                                 44. SIGNIFICANT              AGREEMENTS                AND
                                                                         COMMITMENTS
     a.   Perjanjian Pengusahaan Jalan Tol (PPJT)                       a. Toll Road Concession Agreements (PPJT)
          (i)   Kelompok Usaha telah memperoleh                             (i)    The Group has obtained a toll road
                penetapan hak pengusahaan jalan tol (Hak                           concession rights (Concession Right)
                Konsesi) yang diterbitkan oleh Pemerintah,                         issued by the Government, covering
                meliputi 13 (tiga belas) ruas jalan tol,                           13 (thirteen) sections of the toll road, based
                berdasarkan Keputusan Menteri Pekerjaan                            on the Minister of Public Works Decision
                Umum No. 242/KPTS/M/2006 tanggal                                   No. 242/KPTS/M/2006 dated June 8, 2006,
                8 Juni 2006, yang kemudian ditindaklanjuti                         which was subsequently followed up with
                dengan penandatanganan PPJT pada                                   the signing of the Toll Road Business
                tanggal 7 Juli 2006 untuk masing-masing                            Cooperation      Agreement       (PPJT)     on
                ruas jalan tol, dengan masa konsesi                                July 7, 2006 for each toll road section, with
                selama 40 (empat puluh) tahun, yang                                a concession period of 40 (forty) years,
                berlaku efektif sejak tanggal 1 Januari 2005                       effective from January 1, 2005 to
                sampai dengan tanggal 31 Desember                                  December 31, 2044, with details as follows:
                2044, dengan rincian sebagai berikut:
                1.   Ruas Jakarta - Bogor - Ciawi,                                1.   Jakarta - Bogor - Ciawi Section, according
                     berdasarkan                   PPJT                                to on PPJT No. 246/PPJT/VII/Mn/2006
                     No. 246/PPJT/VII/Mn/2006 yang telah                               which has been last amended by the Deed
                     diamendemen terakhir dengan Akta                                  of Amendment III No. 10 dated
                     Amendemen III No. 10 tanggal                                      December 15, 2022;
                     15 Desember 2022;
                2.   Ruas     Jakarta   -    Tangerang,                           2.   Jakarta - Tangerang Section, according
                     berdasarkan                  PPJT                                 to PPJT No. 247/PPJT/VII/Mn/2006
                     No. 247/PPJT/VII/Mn/2006 yang telah                               which has been last amended by Deed
                     diamendemen terakhir dengan Akta                                  of Amendment II No. 06 dated
                     Amendemen II No. 06 tanggal                                       December 8, 2022;
                     8 Desember 2022;
                3.   Ruas     Surabaya     -    Gempol,                           3.   Surabaya - Gempol Section,according to
                     berdasarkan                    PPJT                               PPJT No. 248/PPJT/VII/Mn/2006 which
                     No. 248/PPJT/VII/Mn/2006 yang telah                               was amended for the first time on
                     diamendemen pertama kali pada                                     November 11, 2021 and has been
                     11 November 2021 dan telah dialihkan                              transferred to PT Jasamarga Transjawa
                     kepada PT Jasamarga Transjawa Tol;                                Tol;
                4.   Ruas     Jakarta    -   Cikampek,                            4.   Jakarta - Cikampek Section, according to
                     berdasarkan                 PPJT                                  PPJT No. 249/PPJT/VII/Mn/2006 and
                     No. 249/PPJT/VII/Mn/2006 dan telah                                has been transferred to PT Jasamarga
                     dialihkan kepada PT Jasamarga                                     Transjawa Tol;
                     Transjawa Tol;




                                                               148
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PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

44. PERJANJIAN DAN PERIKATAN PENTING                             44. SIGNIFICANT     AGREEMENTS                          AND
    (lanjutan)                                                       COMMITMENTS (continued)
     a.   Perjanjian Pengusahaan Jalan Tol (PPJT)                  a. Toll Road Concession Agreements (PPJT)
          (lanjutan)                                                  (continued)
               5.   Ruas    Padalarang    -    Cileunyi,                    5.   The Padalarang - Cileunyi section,
                    berdasarkan                   PPJT                           according            to          PPJT
                    No. 250/PPJT/VII/Mn/2006 yang telah                          No. 250/PPJT/VII/Mn/2006 which has
                    diamendemen terakhir dengan Akta                             been last amended by Amendment
                    Amendemen II No. 01 tanggal                                  Deed II No. 01 dated November 7, 2022;
                    7 November 2022;
               6.   Ruas Prof. Dr. Ir. Sedyatmo,                            6.   Prof. Dr. Ir. Sedyatmo Toll Road,
                    berdasarkan                PPJT                              according           to           PPJT
                    No. 251/PPJT/VII/Mn/2006 dengan                              No. 251/PPJT/VII/Mn/2006 which was
                    Akta Amendemen II No. 04 tanggal                             lastly amended by Deed of Amendment
                    8 Desember 2022;                                             II No. 04 dated December 8, 2022;
               7.   Ruas Cawang - Tomang - Pluit,                           7.   Cawang - Tomang - Pluit Toll Road,
                    berdasarkan                  PPJT                            according           to            PPJT
                    No. 252/PPJT/VII/Mn/2006 yang telah                          No. 252/PPJT/VII/Mn/2006 which was
                    diamendemen terakhir dengan Akta                             lastly amended by Deed of Amendment
                    Amendemen II No. 02 tanggal                                  II No. 02 dated December 8, 2022;
                    8 Desember 2022;
               8.   Ruas    Belawan     -   Medan     -                     8.   Belawan - Medan - Tanjung Morawa Toll
                    Tanjung       Morawa,        PPJT                            Road.       according    to     PPJT
                    No. 253/PPJT/VII/Mn/2006 yang telah                          No. 253/PPJT/VII/Mn/2006 which was
                    diamendemen terakhir dengan Akta                             lastly amended by Deed of Amendment
                    Amendemen II No. 03 tanggal                                  II No. 03 dated November 7, 2022;
                    7 November 2022;
               9.   Ruas         Semarang          Seksi                    9. Semarang Toll Road, Sections A. B. C
                    A.   B.   C,   berdasarkan     PPJT                        according            to          PPJT
                    No. 254/PPJT/VII/Mn/2006 yang telah                        No. 254/PPJT/VII/Mn/2006 that has been
                    diamendemen pertama kali pada                              amended for the first time on
                    11 November 2021 dan telah dialihkan                       November 11, 2021 and has been
                    kepada PT Jasamarga Transjawa Tol;                         transferred to PT Jasamarga Transjawa
                                                                               Tol;
               10. Ruas Pondok Aren - Bintaro Viaduct -                    10. Pondok Aren - Bintaro Viaduct - Ulujami
                   Ulujami,    berdasarkan       PPJT                          Toll    Road,   according   to    PPJT
                   No. 255/PPJT/VII/Mn/2006 yang telah                         No. 255/PPJT/VII/Mn/2006 which was
                   diamendemen terakhir dengan Akta                            lastly amended by Deed of Amendment II
                   Amendemen II No. 03 tanggal                                 No. 03 dated December 8, 2022;
                   8 Desember 2022;
               11. Ruas Palimanan - Kanci, berdasarkan                      11. The Palimanan - Kanci segment,
                   PPJT No. 256/PPJT/VII/Mn/2006 yang                           according           to         PPJT
                   telah diamendemen pertama kali pada                          No. 256/PPJT/VII/Mn/2006 which was
                   11 November 2021 dan telah dialihkan                         first amended on November 11, 2021,
                   kepada PT Jasamarga Transjawa Tol;                           has been transferred to PT Jasamarga
                                                                                Transjawa Tol;
               12. Ruas Lingkar Luar Jakarta (JORR)                         12. Jakarta Outer Ring Road (JORR) Toll
                   Ruas E1. E2. E3. W2, berdasarkan                             Road, Sections E1. E2. E3. W2,
                   PPJT No. 257/PPJT/VII/Mn/2006 yang                           according            to          PPJT
                   telah diamendemen terakhir dengan                            No. 257/PPJT/VII/Mn/2006 which was
                   Akta Amendemen III No. 05 tanggal                            lastly amended by Deed of Amendment
                   8 Desember 2022; dan                                         III No. 05 dated December 8, 2022; and
               13. Ruas Cikampek       -  Padalarang,                       13. Cikampek - Padalarang Toll Road,
                   berdasarkan                  PPJT                            according             to          PPJT
                   No.258/PPJT/VII/Mn/2006 yang telah                           No. 258/PPJT/VII/Mn/2006 which was
                   diamendemen terakhir dengan Akta                             lastly amended by Deed of Amendment
                   Amendemen II No. 02 tanggal                                  of II No. 02 dated November 7, 2022.
                   7 November 2022.

                                                           149
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PT JASA MARGA (PERSERO) Tbk                                                        PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                          As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

44. PERJANJIAN DAN PERIKATAN PENTING                              44. SIGNIFICANT     AGREEMENTS                         AND
    (lanjutan)                                                        COMMITMENTS (continued)

     a.   Perjanjian Pengusahaan Jalan Tol (PPJT)                    a. Toll Road Concession Agreements (PPJT)
          (lanjutan)                                                    (continued)

             Pada tanggal 1 Juli 2022 Perusahaan                             On July 1, 2022, the Company will spin off
             melakukan pemisahan (spin off) Regional                         the Regional Transjawa Tollroad, to PT
             Transjawa Tollroad, kepada PT Jasamarga                         Jasamarga Transjawa Tol. The Company
             Transjawa Tol. Perusahaan mengalihkan                           transferred four segments of toll road
             empat segmen ruas hak pengusahaan jalan                         concession rights (Concession Rights)
             tol (Hak Konsesi) yang meliputi:                                which include:

               1.   Ruas     Jakarta     –     Cikampek,                      1.    Jakarta – Cikampek Toll Road as the
                    sebagaimana Akta Amendemen II                                   Restatement Amendment II Deed
                    Pernyataan Kembali No. 04 tanggal                               No. 04 dated June 29, 2022 as last
                    29 Juni 2022 sebagaimana terakhir                               amended by Amendment III Deed
                    diubah dengan Akta Amendemen III                                No. 25 dated January 17, 2023;
                    No. 25 tanggal 17 Januari 2023;
               2.   Ruas      Palimanan      –      Kanci                     2.    Palimanan – Kanci Toll Road as the
                    sebagaimana Akta Amendemen II                                   Restatement Amendment II Deed
                    Pernyataan Kembali No. 05 tanggal                               No. 05 dated June 29, 2022 as last
                    29 Juni 2022 sebagaimana terakhir                               amended by Amendment III Deed
                    diubah dengan Akta Amendemen III                                No. 26 dated January 17, 2023;
                    No. 26 tanggal 17 Januari 2023;
               3.   Ruas Semarang Seksi A, B, C                               3.    Semarang Seksi A, B, C, Toll Road as
                    sebagaimana Akta Amendemen II                                   the Restatement Amendment II Deed
                    Pernyataan Kembali No. 06 tanggal                               No. 06 dated June 29, 2022 as last
                    29 Juni 2022 sebagaimana terakhir                               amended by Amendment III Deed
                    diubah dengan Akta Amendemen III                                No. 24 dated January 17, 2023; and
                    No. 24 tanggal 17 Januari 2023;dan
               4.   Ruas      Surabaya     –      Gempol                      4.    Surabaya – Gempol Toll Road as the
                    sebagaimana Akta Amendemen II                                   Restatement Amendment II Deed
                    Pernyataan Kembali No. 07 tanggal                               No. 07 dated June 29, 2022 as last
                    29 Juni 2022 sebagaimana terakhir                               amended by Amendment III Deed
                    diubah dengan Akta Amendemen III                                No. 23 dated January 17, 2023.
                    No. 23 tanggal 17 Januari 2023

               Sehubungan dengan perolehan Hak                                In connection with the acquisition of the
               Konsesi dimaksud, Perusahaan diwajibkan                        Concession Rights, the Company is
               membentuk jaminan pemeliharaan dengan                          required to establish a maintenance
               nilai sekurang-kurangnya 10% (sepuluh                          guarantee with a value of at least 10% (ten
               persen) dari realisasi pendapatan tol dan                      percent) of the realization of toll revenue
               pendapatan usaha lain yang diterima pada                       and other business income received in or
               atau sebelum tahun terakhir masa konsesi                       before the last year of the concession
               dimana besarannya berdasarkan laporan                          period which is based on the last available
               keuangan tahunan terakhir yang tersedia                        and audited annual financial statements.
               dan telah diaudit.

               Jaminan       pemeliharaan        tersebut                     The maintenance guarantee is submitted to
               diserahkan kepada Pemerintah dalam                             the Government within 6 months before the
               waktu 6 bulan sebelum konsesi berakhir                         concession expires and this maintenance
               dan jaminan pemeliharaan ini tetap berlaku                     guarantee remains valid until 12 months
               sampai dengan 12 bulan setelah                                 after the end of the concession period.
               berakhirnya masa konsesi.




                                                            150
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PT JASA MARGA (PERSERO) Tbk                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                         For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                             As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

44. PERJANJIAN DAN PERIKATAN PENTING                                 44. SIGNIFICANT     AGREEMENTS                         AND
    (lanjutan)                                                           COMMITMENTS (continued)

     a.   Perjanjian Pengusahaan Jalan Tol (PPJT)                       a. Toll Road Concession Agreements (PPJT)
          (lanjutan)                                                       (continued)

          (ii) Perjanjian investasi jalan tol                               (ii) Toll road investment agreement

             1.   Ruas Bogor Outer Ring Road                                  1.   Bogor Outer Ring Road

                   PT Marga Sarana Jabar (MSJ) dan                                 PT Marga Sarana Jabar (MSJ) and the
                   Pemerintah telah menandatangani Akta                            Government have signed the Toll Road
                   Perjanjian Pengusahaan Jalan Tol No.                            Concession Agreement No. 4 dated
                   4 tanggal 8 Agustus 2011 yang terakhir                          August 8, 2011 which was last amended
                   diubah Amendemen XI sebagaimana                                 by Amendment XI of Toll Road
                   tercantum dalam Akta No. 01 tanggal                             Concession      Agreement        Deed
                   3 Januari 2023 dibuat di hadapan Rina                           No. 01 dated January 3, 2023 front of
                   Utami Djauhari, S.H., Notaris di Jakarta.                       Rina Utami Djauhari, S.H., Notary in
                                                                                   Jakarta.

                   Pada tanggal 31 Desember 2025,                                  As of December 31, 2025, the
                   Perusahaan    memiliki  penyertaan                              Company’s has a 55% shareholding in
                   saham di MSJ sebesar 55%.                                       MSJ each.

             2.   Ruas Tol Gempol - Pasuruan                                  2.   Gempol - Pasuruan Toll Road

                   PT Jasamarga Gempol Pasuruan (JGP)                              PT Jasamarga Gempol Pasuruan (JGP)
                   dan Pemerintah telah menandatangani                             and the Government have signed the
                   Akta Perjanjian Pengusahaan Jalan Tol                           Deed of Concession Agreement for Toll
                   No. 5 tanggal 7 Juni 2011 yang terakhir                         Road No. 5 dated June 7, 2011, the latest
                   diubah     dengan    Amendemen       XI                         amended by Amendment XI of Toll Road
                   Perjanjian Pengusahaan Jalan Tol                                Concession No. 03 dated January 9, 2023
                   No. 03 tanggal 9 Januari 2023 dibuat di                         made in front of Rina Utami Djauhari, S.H.,
                   hadapan Rina Utami Djauhari, S.H.,                              Notary in Jakarta.
                   Notaris di Jakarta.

                   Pada tanggal 1 Juli 2022, Perusahaan                            As of July 1, 2022, the Company has
                   telah mengalihkan saham di JGP                                  transferred its 99.35% stake in JGP to
                   sebesar 99,35% kepada JTT.                                      JTT.

                   Pada tanggal 31 Desember 2025,                                  As of December 31, 2025, the Company
                   Perusahaan     memiliki   penyertaan                            has an indirect share participation in JGP
                   saham secara tidak langsung pada JGP                            through JTT of 99.35%.
                   melalui JTT sebesar 99,35%.

             3.   Ruas Tol Semarang - Solo                                      3. Semarang - Solo Toll Road

                   PT Trans Marga Jateng (TMJ) dan                                 PT Trans Marga Jateng (TMJ) and the
                   Pemerintah telah menandatangani Akta                            Government have signed the Toll Road
                   Perjanjian Pengusahaan Jalan Tol No. 10                         Concession Agreement No. 10 dated
                   tanggal 30 Maret 2012 yang terakhir                             March 30, 2012 which was last amended
                   diubah     dengan    Amendemen        XI                        by Amendment XI of Toll Road
                   Perjanjian Pengusahaan Jalan Tol                                Concession Agreement No. 5 dated
                   No. 5 tanggal 10 Februari 2020 dibuat di                        February 10, 2020 in front of Rina Utami
                   hadapan Rina Utami Djauhari, S.H.,                              Djauhari, S.H., Notary in Jakarta.
                   Notaris di Jakarta.

                   Pada tanggal 1 Juli 2022, Perusahaan                            As of July 1, 2022, the Company has
                   telah mengalihkan saham di TMJ                                  transferred its 50.91% stake in TMJ to
                   sebesar 50,91% kepada JTT. Pada                                 JTT. As of December 31, 2025, the
                   tanggal    31     Desember      2025,                           Company has an indirect share
                   Perusahaan     memiliki    penyertaan                           participation in TMJ through JTT of
                   saham secara tidak langsung pada TMJ                            58.91%.
                   melalui JTT sebesar 58,91%.

                                                               151
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PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                         For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                             As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

44. PERJANJIAN DAN PERIKATAN PENTING                                 44. SIGNIFICANT     AGREEMENTS                         AND
    (lanjutan)                                                           COMMITMENTS (continued)

     a.   Perjanjian Pengusahaan Jalan Tol (PPJT)                       a. Toll Road Concession Agreements (PPJT)
          (lanjutan)                                                       (continued)

          (ii) Perjanjian investasi jalan tol (lanjutan)                  (ii) Toll road investment agreement (continued)

             4.   Ruas Tol Cengkareng - Kunciran                                4.   Cengkareng - Kunciran Toll Road

                   PT Jasamarga Kunciran Cengkareng                                  PT Jasamarga Kunciran Cengkareng
                   (JKC)     dan     Pemerintah        telah                         (JKC) and the Government have signed
                   menandatangani       Akta     Perjanjian                          Deed of Toll Road Concession
                   Pengusahaan Jalan Tol No. 6 tanggal                               Agreement No. 6 dated June 7, 2011
                   7 Juni 2011 yang terakhir diubah                                  which    was     last    amended   by
                   dengan Amendemen XII Perjanjian                                   Amendment XII of Toll Road
                   Pengusahaan Jalan Tol No. 02 tanggal                              Concession Agreement No. 02 dated
                   17 Juli 2023 dibuat di hadapan Rina                               July 17, 2023 in front of Rina Utami
                   Utami Djauhari, S.H., Notaris di Jakarta.                         Djauhari, S.H., Notary in Jakarta.

                   Pada tanggal 31 Desember 2025,                                    As of December 31, 2025, the
                   Perusahaan    memiliki   penyertaan                               Company’s owns JKC amounting to
                   saham di JKC sebesar 88,67%.                                      88.67%.

             5.   Ruas Tol Kunciran - Serpong                                   5.   Kunciran - Serpong Toll Road

                   PT Marga Trans Nusantara (MTN) dan                                PT Marga Trans Nusantara (MTN) and
                   Pemerintah telah menandatangani Akta                              the Government have stipulated the Toll
                   Perjanjian Pengusahaan Jalan Tol                                  Road Concession Agreement Deed
                   No. 7 tanggal 7 Juni 2011 yang terakhir                           No. 7 dated June 7, 2011 which was last
                   diubah dengan Amendemen XII                                       amended by Amendment XII of the Toll
                   Perjanjian Pengusahaan Jalan Tol                                  Road Concession Agreement No. 25
                   No. 25 tanggal 26 Desember 2022                                   dated December 26, 2022 in front of
                   dibuat di hadapan Rina Utami Djauhari,                            Rina Utami Djauhari, S.H., Notary in
                   S.H., Notaris di Jakarta.                                         Jakarta.

                   Pada tanggal 31 Desember 2025,                                    As of December 31, 2025, the
                   Perusahaan    memiliki  penyertaan                                Company’s owns MTN amounting to
                   saham di MTN sebesar 60%.                                         60%.

             6.   Ruas Tol JORR seksi W2 Utara                                  6.   JORR Toll Road section W2 North

                   PT Marga Lingkar Jakarta (MLJ) dan                                PT Marga Lingkar Jakarta (MLJ) and
                   Pemerintah telah menandatangani Akta                              the Government have signed the Toll
                   Perjanjian Pengusahaan Jalan Tol                                  Road Concession Agreement No. 3
                   No. 3 tanggal 7 Juni 2011 yang terakhir                           dated June 7, 2011 which was last
                   diubah     dengan     Amendemen      V                            amended by Amendment V of Toll Road
                   Perjanjian Pengusahaan Jalan Tol                                  Concession      Agreement     No.   02
                   No. 02 tanggal 6 Januari 2023 dibuat di                           January 6, 2023 in front of Rina Utami
                   hadapan Rina Utami Djauhari, S.H.,                                Djauhari, S.H., Notary in Jakarta.
                   Notaris di Jakarta.

                   Pada tanggal 31 Desember 2025,                                    As of December 31, 2025, the Company
                   Perusahaan    memiliki  penyertaan                                owns MLJ Shares amounting to 51%.
                   saham di MLJ sebesar 51%.




                                                               152
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PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                         For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                             As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

44. PERJANJIAN DAN PERIKATAN PENTING                                 44. SIGNIFICANT     AGREEMENTS                         AND
    (lanjutan)                                                           COMMITMENTS (continued)

     a.   Perjanjian Pengusahaan Jalan Tol (PPJT)                       a. Toll Road Concession Agreements (PPJT)
          (lanjutan)                                                       (continued)

          (ii) Perjanjian investasi jalan tol (lanjutan)                  (ii) Toll road investment agreement (continued)

             7.   Ruas Tol Medan - Kualanamu -                                  7.   Medan - Kualanamu - Tebing Tinggi
                  Tebing Tinggi                                                      Toll Road
                   PT Jasamarga Kualanamu Tol (JMKT)                                 PT Jasamarga Kualanamu Tol (JMKT)
                   dan Pemerintah telah menandatangani                               and the Government has signed Toll
                   Akta Perjanjian Pengusahaan Jalan Tol                             Road Concession Agreement No. 1
                   No. 1 tanggal 5 Januari 2015 yang                                 dated January 5, 2015 which was last
                   terakhir diubah dengan Amendemen IX                               amended by Amendment IX of Toll
                   Perjanjian Pengusahaan Jalan Tol                                  Road Concession Medan-Kualanamu-
                   Ruas Jalan Tol Medan-Kualanamu-                                   Tebing Tinggi Toll Road Agreement
                   Tebing Tinggi No. 02 tanggal                                      No. 02 February 7, 2023 in front of Rina
                   7 Februari 2023 dibuat di hadapan Rina                            Utami Djauhari, S.H., Notary in Jakarta.
                   Utami Djauhari, S.H., Notaris di Jakarta.

                   Pada tanggal 31 Desember 2025,                                    As of December           31, 2025, the
                   Perusahaan   memiliki   penyertaan                                Company      owns        JMKT   Shares
                   saham pada JMKT sebesar 55%.                                      amounting to 55%.

             8.   Ruas Tol Solo - Mantingan - Ngawi                             8.   Solo - Mantingan - Ngawi Toll Road

                   PT Jasamarga Solo Ngawi (JSN) dan                                 PT Jasamarga Solo Ngawi (JSN) and
                   Pemerintah telah menandatangani Akta                              the Government have signed the Toll
                   Perjanjian Pengusahaan Jalan Tol                                  Road Concession Agreement Deed
                   No. 18 tanggal 28 Juni 2011 yang                                  No. 18 dated June 28, 2011 which was
                   terakhir diubah dengan Amendemen XI                               last amended by Amendment XI of the
                   Perjanjian Pengusahaan Jalan Tol                                  Toll Road Concession Agreement
                   No. 09 tanggal 23 November 2022                                   No. 09 dated November 23, 2022 in front
                   dibuat di hadapan Rina Utami Djauhari,                            of Rina Utami Djauhari, S.H., Notary in
                   S.H., Notaris di Jakarta.                                         Jakarta.

                   Pada tanggal 31 Desember 2025,                                    As of December 31, 2025, the
                   Perusahaan     memiliki   penyertaan                              Company has an indirect share
                   saham secara tidak langsung pada JSN                              participation in JSN through JTT and
                   melalui JTT dan LMJ sebesar 59,53%.                               LMJ of 59.53%.

             9. Ruas Tol Ngawi - Kertosono                                      9.   Ngawi - Kertosono Toll Road

                   PT Jasamarga Ngawi Kertosono Kediri                               PT Jasamarga Ngawi Kertosono Kediri
                   (JNK)    dan    Pemerintah      telah                             (JNK) and the Government have signed
                   menandatangani    Akta     Perjanjian                             the Toll Road Concession Agreement
                   Pengusahaan Jalan Tol tanggal                                     Deed dated June 28, 2011 which was
                   28 Juni 2011 yang terakhir diubah                                 last amended by Amendment XI Toll
                   dengan Amendemen XI Perjanjian                                    Road Concession Agreement No. 08
                   Pengusahaan Jalan Tol No. 08 tanggal                              dated November 23, 2022 in front of
                   23 November 2022 dibuat di hadapan                                Rina Utami Djauhari, S.H., Notary in
                   Rina Utami Djauhari, S.H., Notaris di                             Jakarta
                   Jakarta.

                   Pada tanggal 31 Desember 2025,                                    As of December 31, 2025, the
                   Perusahaan     memiliki   penyertaan                              Company has an indirect share
                   saham secara tidak langsung pada JNK                              participation in JNK through JTT and
                   melalui JTT dan LMJ sebesar 59,60%.                               LMJ of 59.60%.




                                                               153
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PT JASA MARGA (PERSERO) Tbk                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                         For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                             As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

44. PERJANJIAN DAN PERIKATAN PENTING                                 44. SIGNIFICANT     AGREEMENTS                         AND
    (lanjutan)                                                           COMMITMENTS (continued)

     a.   Perjanjian Pengusahaan Jalan Tol (PPJT)                       a. Toll Road Concession Agreements (PPJT)
          (lanjutan)                                                       (continued)

          (ii) Perjanjian investasi jalan tol (lanjutan)                  (ii) Toll road investment agreement (continued)

             10. Ruas Tol Serpong - Cinere                                      10. Serpong - Cinere Toll Road

                   PT Cinere Serpong Jaya (CSJ) dan                                  PT Cinere Serpong Jaya (CSJ) and the
                   Pemerintah telah menandatangani Akta                              Government have signed the Toll Road
                   Perjanjian Pengusahaan Jalan Tol                                  Concession Agreement No. 20 dated
                   No. 20 tanggal 28 Juni 2011 yang                                  June 28, 2011 the latest amended by
                   terakhir diubah dengan Amendemen X                                Amendment X of Toll Road Concession
                   berdasarkan Akta No. 16 tanggal                                   Agreement        No.       16      dated
                   10 Januari 2023 dibuat di hadapan Rina                            January 10, 2023 in front of Rina Utami
                   Utami Djauhari, S.H., Notaris di Jakarta.                         Djauhari, S.H., Notary in Jakarta.

                   Pada tanggal 31 Desember 2025,                                    As of December 31, 2025, the
                   Perusahaan   memiliki   penyertaan                                Company owns 55% of CSJ shares.
                   saham dalam CSJ sebesar 55%.

             11. Ruas Tol Gempol - Pandaan                                      11. Gempol – Pandaan Toll Road

                   PT Jasamarga Pandaan Tol (JPT) dan                                PT Jasamarga Pandaan Tol (JPT) and
                   Pemerintah telah menandatangani Akta                              the Government have signed the Deed
                   Perjanjian Pengusahaan Jalan Tol                                  of Concession Agreement for Toll Road
                   No. 4 tanggal 7 Juni 2011 yang terakhir                           No. 4 dated June 7, 2011, the latest
                   diubah     dengan    Amendemen      III                           amended by Amendment III of Toll
                   Perjanjian Pengusahaan Jalan Tol                                  Road Concession No. 18 dated
                   No. 18 tanggal 10 Januari 2023 dibuat                             January 10, 2023 in front of Rina Utami
                   di hadapan Rina Utami Djauhari, S.H.,                             Djauhari, S.H., Notary in Jakarta.
                   Notaris di Jakarta.

                   Pada tanggal 31 Desember 2025,                                    As of December 31, 2025, the company
                   perusahaan telah memiliki penyertaan                              had an indirect equity participation in
                   saham secara tidak langsung pada JPT                              JPT through JTT of 93.79%.
                   melalui JTT sebesar 93,79%.

             12. Ruas Tol Nusa Dua - Tanjung Benoa                              12. Nusa Dua - Tanjung Benoa Toll Road

                   PT Jasamarga Bali Tol (JBT) dan                                   PT Jasamarga Bali Tol (JBT) and the
                   Pemerintah telah menandatangani Akta                              Government have approved the Toll
                   Perjanjian Pengusahaan Jalan Tol                                  Road Concession Agreement Deed
                   No. 10 tanggal 16 Desember 2011                                   No. 10 dated December 16, 2011 of
                   dibuat dihadapan Rina Utami Djauhari,                             Rina Utami Djauhari, S.H., notary in
                   S.H., notaris di Jakarta yang terakhir                            Jakarta    as    last  amended    by
                   diubah     dengan     Amendemen     II                            Amendment II of Toll Road Concession
                   Perjanjian Pengusahaan Jalan Tol                                  No. 11 dated December 19, 2022 in
                   No. 11 tanggal 19 Desember 2022                                   front of Rina Utami Djauhari, S.H.,
                   dibuat di hadapan Rina Utami Djauhari,                            Notary in Jakarta.
                   S.H., Notaris di Jakarta.

                   Pada tanggal 31 Desember 2025,                                    As of December 31, 2025, the
                   perusahaan kepemilikan saham di JBT                               Company has 64.44% stake in JBT.
                   sebesar 64,44%.




                                                               154
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PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                          As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

44. PERJANJIAN DAN PERIKATAN PENTING                              44. SIGNIFICANT     AGREEMENTS                         AND
    (lanjutan)                                                        COMMITMENTS (continued)

     a.   Perjanjian Pengusahaan Jalan Tol (PPJT)                    a. Toll Road Concession Agreements (PPJT)
          (lanjutan)                                                    (continued)

          (ii) Perjanjian investasi jalan tol (lanjutan)               (ii) Toll road investment agreement (continued)

             13. Ruas Tol Surabaya - Mojokerto                               13. Surabaya - Mojokerto Toll Road

                   PT Jasamarga Surabaya Mojokerto                                PT Jasamarga Surabaya Mojokerto
                   (JSM)      dan     Pemerintah    telah                         (JSM) and the Government have signed
                   menandatangani       Akta   Perjanjian                         the Toll Road Concession Agreement
                   Pengusahaan Jalan Tol No. 2 tanggal                            Deed No. 2 dated June 7, 2011 the
                   7 Juni 2011 yang terakhir diubah                               latest amended by Amendment XI
                   dengan Amendemen XI berdasarkan                                based on Deed No. 08 dated
                   Akta No. 08 tanggal 9 Februari 2023                            February 9, 2023 in front of Rina Utami
                   dibuat di hadapan Rina Utami Djauhari,                         Djauhari, S.H., Notary in Jakarta.
                   S.H., Notaris di Jakarta.

                   Pada tanggal 1 Juli 2022, Perusahaan                           As of July 1, 2022, the Company has
                   telah mengalihkan kepemilikan saham                            transferred its 55.51% stake in JSM to
                   sebesar 55,51% di JSM kepada JTT.                              JTT.

                   Pada tanggal 31 Desember 2025,                                 As of December 31, 2025, the
                   Perusahaan    memiliki   penyertaan                            Company has an indirect share
                   saham secara tidak langsung pada                               participation in JSM through JTT of
                   JSM melalui JTT sebesar 55,51%.                                55.51%.

             14. Ruas Tol Semarang - Batang                                  14. Semarang - Batang Toll Road

                   PT Jasamarga Semarang Batang (JSB)                             PT Jasamarga Semarang Batang (JSB)
                   dan Pemerintah telah menandatangani                            and the Government have signed the
                   Akta Perjanjian Pengusahaan Jalan Tol                          Toll Road Concession Agreement Deed
                   tanggal 27 April 2016 yang terakhir                            dated April 27, 2016 which was last
                   diubah Amendemen X Perjanjian                                  amended by Amendment X based on
                   Pengusahaan Jalan Tol berdasarkan                              the Deed No 02 dated August 07, 2023
                   Akta No. 02 tanggal 07 Agustus 2023                            in front of Rina Utami Djauhari, S.H.,
                   dibuat di hadapan Rina Utami Djauhari,                         Notary in Jakarta.
                   S.H., Notaris di Jakarta.

                   Pada tanggal 31 Desember 2025,                                 As of December 31, 2025, the
                   Perusahaan     memiliki   penyertaan                           Company has an indirect share
                   saham secara tidak langsung pada JSB                           participation in JSB through JTT of
                   melalui JTT sebesar 59,80%.                                    59.80%.

             15. Ruas Tol Manado - Bitung                                    15. Manado - Bitung Toll Road

                   PT Jasamarga Manado Bitung (JMB)                               PT Jasamarga Manado Bitung (JMB)
                   dan Pemerintah telah menandatangani                            and the Government have signed a
                   Akta Perjanjian Pengusahaan Jalan Tol                          Deed of Agreement on Toll Road
                   tanggal 9 Juni 2016, yang terakhir                             Concession dated June 9, 2016, which
                   diubah dengan Amendemen VI                                     was last amended by Amendment VI
                   berdasarkan Akta No. 09 tanggal                                based on Deed No. 09 dated
                   31 Desember 2023 dibuat di hadapan                             December 31, 2023 in front of Rina
                   Rina Utami Djauhari, S.H., Notaris di                          Utami Djauhari, S.H., Notary in Jakarta.
                   Jakarta.

                   Pada tanggal 31 Desember 2025,                                 As of December 31, 2025, the
                   Perusahaan   memiliki   penyertaan                             Company owns 64.97% of shares of
                   saham pada JMB sebesar 64,97%.                                 JMB.



                                                            155
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PT JASA MARGA (PERSERO) Tbk                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                         For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                             As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

44. PERJANJIAN DAN PERIKATAN PENTING                                 44. SIGNIFICANT     AGREEMENTS                         AND
    (lanjutan)                                                           COMMITMENTS (continued)

     a.   Perjanjian Pengusahaan Jalan Tol (PPJT)                       a. Toll Road Concession Agreements (PPJT)
          (lanjutan)                                                       (continued)

          (ii) Perjanjian investasi jalan tol (lanjutan)                  (ii) Toll road investment agreement (continued)

             16. Ruas Tol Balikpapan – Samarinda                                16. Balikpapan - Samarinda Toll Road

                   PT Jasamarga Balikpapan Samarinda                                 PT Jasamarga Balikpapan Samarinda
                   (JBS) dan Pemerintah menandatangani                               (JBS) and the Government have signed
                   Akta Perjanjian Pengusahaan Jalan Tol                             Deed of Agreement on Toll Road
                   No. 3 tanggal 9 Juni 2016 yang terakhir                           Concession No. 3 dated June 9, 2016
                   diubah    dengan      Amendemen      V                            which    was     last  amended        by
                   berdasarkan Akta No. 10 tanggal                                   Amendment V based on Deed No. 10
                   10 Februari 2023 dibuat di hadapan                                dated February 10, 2023 in front of Rina
                   Rina Utami Djauhari, S.H., Notaris di                             Utami Djauhari, S.H., Notary in Jakarta.
                   Jakarta.

                   Pada tanggal 31 Desember 2025, porsi                              As of December 31, 2025, portion of the
                   Perusahaan pada JBS adalah 67,39%.                                Companys ownership in JBS is 67.39%.

             17. Ruas Tol Pandaan - Malang                                      17. Pandaan - Malang Toll Road

                   PT Jasamarga Pandaan Malang (JPM)                                 PT Jasamarga Pandaan Malang (JPM)
                   dan Pemerintah telah menandatangani                               and the Government have signed the
                   Akta Perjanjian Pengusahaan Jalan Tol                             Toll Road Concession Agreement Deed
                   No. 4 tanggal 9 Juni 2016 yang terakhir                           No. 4 dated June 9, 2016 which was last
                   diubah dengan Amendemen VI                                        amended by Amendment VI based on
                   berdasarkan Akta No. 05 tanggal                                   the Deed No. 05 dated October 7, 2022
                   7 Oktober 2022 dibuat di hadapan Rina                             in front of Rina Utami Djauhari, S.H.,
                   Utami Djauhari, S.H., Notaris di Jakarta.                         Notary in Jakarta.

                   Pada tanggal 1 Juli 2022, Perusahaan                              As of July 1, 2022, the Company has
                   telah   mengalihkan       kepemilikan                             transferred its 51% stake in JPM to JTT.
                   sahamnya pada JPM sebesar 51%
                   kepada JTT.

             18. Ruas Tol Jakarta - Cikampek II                                 18. Jakarta - Cikampek II Elevated Toll
                 Elevated                                                           Road

                   PT Jasamarga Jalanlayang Cikampek                                 PT Jasamarga Jalanlayang Cikampek
                   (JJC) dan Pemerintah menandatangani                               (JJC) and the Government have signed
                   Akta Perjanjian Pengusahaan Jalan Tol                             the Toll Road Concession Agreement
                   No. 4 tanggal 5 Desember 2016 dibuat                              Deed No. 4 dated December 5, 2016 of
                   dihadapan Rina Utami Djauhari, S.H.,                              Rina Utami Djauhari, S.H., Notary in
                   Notaris di Jakarta yang terakhir diubah                           Jakarta    as   last    amended     by
                   dengan Amendemen III Perjanjian                                   Amendment III of Toll Road Concession
                   Pengusahaan Jalan Tol No. 01 tanggal                              No. 01 dated March 01, 2024 in front of
                   01 Maret 2024 dibuat di hadapan Rina                              Rina Utami Djauhari, S.H., Notary in
                   Utami Djauhari, S.H., Notaris di Jakarta.                         Jakarta.

                   Pada tanggal 1 Juli 2022, Perusahaan                              On July 1, 2022, the Company has
                   mengalihkan saham JJC sebesar 40%                                 transferred 40% of its shares in JJC to
                   kepada PT Jasamarga Transjawa Tol.                                PT     Jasamarga        Transjawa    Tol.
                   Selanjutnya, berdasarkan Akta Jual                                Furthermore, based on the Deed of
                   Beli tanggal 10 Oktober 2022 No. 01                               Sale      and        Purchase      dated
                   dibuat di hadapan Titik Krisna Murti                              October 10, 2022 No. 01 drawn up
                   Wikaningsih Hastuti, S.H., M.Kn.,                                 before Titik Krisna Murti Wikaningsih
                   Perusahaan     mengalihkan    seluruh                             Hastuti, S.H., M.Kn., the Company has
                   kepemilikan saham JJC yaitu sebesar                               transferred its entire share ownership in
                   40% pada PT Margautama Nusantara.                                 JJC of 40% to PT Margautama
                                                                                     Nusantara.

                                                               156
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PT JASA MARGA (PERSERO) Tbk                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                         For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                             As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

44. PERJANJIAN DAN PERIKATAN PENTING                                 44. SIGNIFICANT     AGREEMENTS                         AND
    (lanjutan)                                                           COMMITMENTS (continued)
     a.   Perjanjian Pengusahaan Jalan Tol (PPJT)                       a. Toll Road Concession Agreements (PPJT)
          (lanjutan)                                                       (continued)

          (ii) Perjanjian investasi jalan tol (lanjutan)                  (ii) Toll road investment agreement (continued)

             18. Ruas Tol Jakarta - Cikampek II                                 18. Jakarta - Cikampek II Elevated Toll
                 Elevated (lanjutan)                                                Road (continued)

                   Pada 31 Desember 2025, Perusahaan                                 As of December 31, 2025, the Company
                   memiliki penyertaan saham JJC tidak                               has an indirect share participation in
                   langsung melalui JTT sebesar 40%.                                 JJC through JTT of 40%.

             19. Ruas Tol Jakarta - Cikampek II Sisi                            19. Jakarta - Cikampek II South Side
                 Selatan        (Jatiasih-Cipularang-                               (Jatiasih-Cipularang-Sadang) Toll
                 Sadang)                                                            Road

                   PT Jasamarga Japek Selatan (JJS) dan                              PT Jasamarga Japek Selatan (JJS) and
                   Pemerintah telah menandatangani Akta                              the Government have signed the Toll
                   Perjanjian Pengusahaan Jalan Tol                                  Road Concession Agreement Deed
                   No. 7 tanggal 29 Desember 2017 yang                               No. 7 dated December 29, 2017 which
                   terakhir diubah dengan Amendemen IV                               was last amended by Amendment IV
                   berdasarkan Akta No. 10 tanggal                                   based on Deed No. 10 dated
                   23 November 2022 yang dibuat di                                   November 23, 2022 in front of Rina
                   hadapan Rina Utami Djauhari, S.H.,                                Utami Djauhari, S.H., Notary in Jakarta.
                   Notaris di Jakarta.

                   Pada tanggal 31 Desember 2025, porsi                              As of December 31, 2025, portion of the
                   kepemilikan Perusahaan pada JJS                                   Company’s ownership in JJS is
                   adalah sebesar 92,33%.                                            92.33%.

             20. Ruas Tol Probolinggo-Banyuwangi                                20. Probolinggo-Banyuwangi Toll Road

                   PT       Jasamarga          Probolinggo                           PT        Jasamarga         Probolinggo
                   Banyuwangi (JPB) dan Pemerintah                                   Banyuwangi (JPB) and the Government
                   telah menandatangani Akta Perjanjian                              have signed the Toll Road Concession
                   Pengusahaan Jalan Tol No. 8 tanggal                               Agreement Deed No. 8 dated
                   29 Desember 2017 dibuat di hadapan                                December 29, 2017 of Rina Utami
                   Rina Utami Djauhari, S.H., Notaris di                             Djauhari, S.H., Notary in Jakarta as last
                   Jakarta yang terakhir diubah dengan                               amended by Amendment II of Toll Road
                   Akta    Amendemen       II    Perjanjian                          Concession       No.       32      dated
                   Pengusahaan Jalan Tol No. 32 tanggal                              January 24, 2023 in front of Rina Utami
                   24 Januari 2023 dibuat di hadapan Rina                            Djauhari, S.H., Notary in Jakarta.
                   Utami Djauhari, S.H., Notaris di Jakarta.

                   Pada tanggal 31 Desember 2025, porsi                              As of December 31, 2025,                 the
                   kepemilikan saham Perusahaan adalah                               Company’s ownership is 98.47%.
                   sebesar 98,47%.

             21. Ruas Tol Jogja-Bawen                                           21. Jogja-Bawen Toll Road

                   PT Jasamarga Jogja Bawen (JJB) dan                                PT Jasamarga Jogja Bawen (JJB) and
                   Pemerintah telah menandatangani Akta                              the Government have signed the Toll
                   Perjanjian Pengusahaan Jalan Tol                                  Road Concession Agreement Deed
                   tanggal 13 November 2020 yang                                     dated November 13, 2020 which was
                   terakhir diubah dengan Amendemen II                               last amended by Amendment II No. 5
                   No. 5 tanggal 16 November 2022 yang                               dated November 16, 2022 in front of
                   dibuat di hadapan Rina Utami Djauhari,                            Rina Utami Djauhari, S.H., Notary in
                   S.H., Notaris di Jakarta.                                         Jakarta.


                                                               157
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PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                          As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

44. PERJANJIAN DAN PERIKATAN PENTING                              44. SIGNIFICANT     AGREEMENTS                         AND
    (lanjutan)                                                        COMMITMENTS (continued)

     a.   Perjanjian Pengusahaan Jalan Tol (PPJT)                    a. Toll Road Concession Agreements (PPJT)
          (lanjutan)                                                    (continued)

          (ii) Perjanjian investasi jalan tol (lanjutan)                  (ii) Toll road investment agreement (continued)

             21. Ruas Tol Jogja-Bawen (lanjutan)                               21. Jogja-Bawen Toll Road (continued)

                   Pada tanggal 31 Desember 2025, porsi                            As of December 31, 2025,                the
                   kepemilikan saham Perusahaan adalah                             Company’s ownership is 73.18%.
                   sebesar 73,18%.

             22. Ruas Tol Solo – Yogyakarta – NYIA –                           22. Solo – Yogyakarta – NYIA – Kulon
                 Kulon Progo                                                       Progo Access Toll Road

                   PT Jasamarga Jogja Solo (JMJ) dan                               PT Jasamarga Jogja Solo (JMJ) and
                   Pemerintah telah menandatangani Akta                            the Government have signed the Toll
                   Perjanjian Pengusahaan Jalan Tol                                Road Concession Agreement Deed
                   No. 02 tanggal 09 September 2020                                No. 02 dated September 09, 2020
                   yang     terakhir   diubah   dengan                             which     was    last   amended    by
                   Amendemen          III     Perjanjian                           Amendment III of Toll Road Concession
                   Pengusahaan Jalan Tol No. 18 tanggal                            No. 18 dated December 27, 2024 in
                   27 Desember 2024 dibuat di hadapan                              front of Rina Utami Djauhari, S.H.,
                   Rina Utami Djauhari, S.H., Notaris di                           Notary in Jakarta.
                   Jakarta.

                   Pada tanggal 31 Desember 2025, porsi                            As of December 31, 2025,                the
                   kepemilikan saham Perusahaan adalah                             Company’s ownership is 52.82%.
                   sebesar 52.82%

             23. Ruas Tol Akses Patimban                                       23. Patimban Access Toll Road

                   PT Jasamarga Akses Patimban (JAP)                               PT Jasamarga Akses Patimban (JAP)
                   dan Pemerintah telah menandatangani                             and the Government have signed the
                   Akta Perjanjian Pengusahaan Jalan Tol                           Toll Road Concession Agreement Deed
                   tanggal 24 Januari 2023 yang yang                               dated January 24, 2023 of Rina Utami
                   dibuat di hadapan Rina Utami Djauhari,                          Djauhari, S.H., Notary in Jakarta.
                   S.H., Notaris di Jakarta.

                   Pada tanggal 31 Desember 2025, porsi                            As of December 31, 2025,                the
                   kepemilikan saham Perusahaan adalah                             Company’s ownership is 66.22%.
                   sebesar 66,22%.

      b. Perjanjian Penggunaan Dana Bergulir                         b.     Agreement    of    Fund   Facility     for
         Pembelian Tanah untuk Jalan Tol dengan                             Reimbursement of Land Acquisition for Toll
         Badan Layanan Umum - Badan Pengatur                                Road with BLU - BPJT
         Jalan Tol (BLU - BPJT)

          Kelompok Usaha memiliki perjanjian dengan                         The Group has agreements with the BLU -
          BLU - BPJT mengenai penggunaan dana                               BPJT concerning the usage of fund for
          bergulir untuk penggantian pembelian tanah                        reimbursement of land acquisition cost of toll
          dalam rangka pengusahaan ruas jalan tol                           roads (Note 26).
          (Catatan 26).




                                                            158
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PT JASA MARGA (PERSERO) Tbk                                                        PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                        For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                            As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

44. PERJANJIAN          DAN      PERIKATAN         PENTING          44. SIGNIFICANT     AGREEMENTS                         AND
    (lanjutan)                                                          COMMITMENTS (continued)

      b. Perjanjian Penggunaan Dana Bergulir                           b.   Agreement    of   Fund      Facility   for
         Pembelian Tanah untuk Jalan Tol dengan                             Reimbursement of Land Acquisition for Toll
         Badan Layanan Umum - Badan Pengatur                                Road with BLU – BPJT (continued)
         Jalan Tol (BLU - BPJT) (lanjutan)

          Tata cara penggunaan dana bergulir pada BLU-                      The procedure using of pre-fund at BLU-BPJT
          BPJT untuk pengadaan tanah jalan tol diatur                       for toll road land acquisition is based on the
          dalam        Peraturan      Menteri      PU                       Decree of Public Works No. 4/PRT/M/2007
          No. 4/PRT/M/2007, tanggal 26 Februari 2007.                       dated February 26, 2007. BLU-BPJT will
          BLU-BPJT akan melaksanakan pembayaran                             conduct the payment firstly, for acquisition land
          terlebih dahulu, untuk pembelian tanah untuk                      for toll road construction, which represents the
          pembangunan ruas jalan tol yang merupakan                         Group obligation to the Government, according
          kewajiban     Kelompok     Usaha      kepada                      to concession rights agreement (PPJT).
          Pemerintah sebagaimana diatur dalam PPJT.

          Dalam hal 1 (satu) seksi selesai dibebaskan,                      In case one section has been completed, the
          Kelompok Usaha harus mentransfer seluruh                          Group should transfer all land acquisition costs
          biaya ganti rugi tanah termasuk bunga ke                          including interest to BLU-BPJT account and
          Rekening BLU-BPJT dan BLU-BPJT membuat                            BLU-BPJT should provide of Land Hand Over
          Berita Acara Serah Terima Tanah pada entitas.                     Report to the entity.

          Dalam hal Perjanjian Pengusahaan Ruas Jalan                       After the transfer of the Company's rights under
          Tol untuk ruas jalan tol dialihkan kepada Entitas                 the Concession to its Subsidiaries, the
          Anak dari Perusahaan, maka hak dan                                Company's rights and obligations in the BLU
          kewajiban Perusahaan dalam Perjanjian                             Fund Usage Agreement will be transferred to its
          Penggunaan Dana BLU ini akan dialihkan                            Subsidiaries.
          kepada Entitas Anak.

          Menunjuk Peraturan Menteri Pekerjaan Umum                         Referring to the Decree of the Minister of Public
          No.14/PRT/M/2008    tentang    tata   cara                        Works No.14/PRT/M/2008 regarding the
          penggunaan dana bergulir pada Badan                               procedure for pre-fund usage at Public Service
          Layanan Umum - Badan Pengatur Jalan Tol                           Assistance Unit ("Badan Layanan Umum
          untuk pengadaan tanah jalan tol diatur                            /BLU”) for land acquisition of toll road which
          penghapusan surety bond (jaminan) dalam                           stipulated the cancellation of surety bond on
          perjanjian Penggunaan Dana Bergulir BLU,                          pre-fund usage agreement of BLU, and as a
          maka sebagai pengganti jaminan atas                               replacement of guarantee on the prepayment of
          pengembalian dana bergulir ini akan                               pre-fund the cross default will be applied on
          diberlakukan cross default PPJT apabila                           PPJT if the Company failed to repay such pre-
          Perusahaan gagal membayar dana bergulir                           fund to BLU.
          BLU.

          Berdasarkan Keputusan Menteri Pekerjaan                           Based on the Decree of the Minister of Public
          Umum        dan      Perumahan       Rakyat                       Works         and         Public        Housing
          No. 822/KPTS/M/2021 (Kepmen 822/2021),                            No. 822/KPTS/M/2021 (Kepmen 822/2021),
          bahwa terhitung sejak tanggal 18 April 2019,                      dated April 18, 2019, the Public Service Agency
          Badan Layanan Umum (BLU) Bidang                                   (BLU) for Funding and the Secretariat of Toll
          Pendanaan dan Sekretariat Pengatur Jalan Tol                      Road Regulatory Affairs of the Ministry of Public
          Kementerian Pekerjaan Umum dan Perumahan                          Works and Housing The people were closed
          Rakyat ditutup dan untuk selanjutnya Satuan                       and henceforth the Secretariat Work Unit of the
          Kerja Sekretariat Badan Pengatur Jalan Tol                        Toll Road Regulatory Agency of the Ministry of
          Kementerian Pekerjaan Umum dan Perumahan                          Public Works and Public Housing was given the
          Rakyat diberi wewenang untuk menyelesaikan                        authority to resolve problems with revolving
          permasalahan layanan dana bergulir.                               fund services.

          Penyelesaian permasalahan tersebut dilakukan                      The resolution of these problems is carried out
          dengan kesepakatan yang dituangkan dalam                          with an agreement as stated in the agreement
          perjanjian antara Satuan Kerja Sekretariat                        between the BPJT Secretariat Work Unit and
          BPJT dengan Badan Usaha Jalan Tol (BUJT)                          the Toll Road Business Entity (BUJT) which at
          yang paling sedikit memuat:                                       least contains:

                                                              159
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PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                           As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

44. PERJANJIAN          DAN      PERIKATAN         PENTING         44. SIGNIFICANT     AGREEMENTS                         AND
    (lanjutan)                                                         COMMITMENTS (continued)

      b. Perjanjian Penggunaan Dana Bergulir                          b.   Agreement    of   Fund      Facility   for
         Pembelian Tanah untuk Jalan Tol dengan                            Reimbursement of Land Acquisition for Toll
         Badan Layanan Umum - Badan Pengatur                               Road with BLU – BPJT (continued)
         Jalan Tol (BLU - BPJT) (lanjutan)

         1. Nilai Utang Pokok, Ini lai Tambah dan Denda                    1. Value of Principal Debt, Value Added and
            atas Nilai Tambah sampai dengan tanggal                           Fines for Value Added up to April 18, 2019;
            18 April 2019;

         2. Perhitungan Nilai Utang Pokok berdasarkan                      2. Calculation of Principal Debt Value based on
            hasil reviu oleh Badan Pemeriksa Keuangan                         the review results by the Audit Board of
            dan Pembangunan dengan memperhatikan                              Indonesia, taking into account Presidential
            Inpres No. 1 Tahun 2016 tentang                                   Instruction No. 1 of 2016 concerning the
            Percepatan Pelaksanaan Proyek Strategis                           Acceleration of National Strategic Project
            Nasional;                                                         Implementation;

         3. Jangka waktu penyelesaian atas Nilai Utang                     3. The settlement period for the Principal and
            Pokok dan Nilai Tambah yang harus                                 Value Added Debt that must be paid by
            dibayarkan oleh BUJT paling lambat tahun                          BUJT is no later than 2024;
            2024;

         4. Perhitungan Nilai Tambah sebesar LPS+1%                        4. Calculation of Value Added of LPS+1% with
            dengan jangka waktu 2 (dua) tahun dengan                          a period of 2 (two) years using single interest
            menggunakan       bunga    tunggal  sejak                         since the signing of the service and revolving
            ditandatanganinya perjanjian layanan dan                          agreement and/or amendment of the
            bergulir dan/atau amendemen perjanjian                            revolving fund service agreement;
            layanan dana bergulir;

         5. Menghapus denda atas Nilai Tambah dari                         5. Removing fines for Value Added from
            kewajiban BUJT;                                                   BUJT's obligations;

         6. Tata cara pembayaran atas Nilai Utang                          6. Payment procedures for the Principal Debt
            Pokok dan Nilai Tambah untuk masing-                              Value and Value Added for each BUJT;
            masing BUJT;

         7. Penyelesaian atas kelebihan pembayaran                         7. Settlement of overpayment of Value Added
            Nilai Tambah dan Denda atas Nilai Tambah                          and Fines for Value Added that has been
            yang telah dibayarkan BUJT akan                                   paid by BUJT will be determined by the
            ditetapkan oleh Menteri atas rekomendasi                          Minister on the recommendation of BPJT as
            BPJT sebagai bagian dari investasi,                               part of the investment, and/or adjustment of
            dan/atau penyesuaian tarif tol sesuai                             toll rates in accordance with the provisions
            dengan ketentuan peraturan perundang-                             of the Law.
            undangan.

          Menindaklanjuti Kepmen 822/2021, telah                           Following up on Kepmen 822/2021, a
          dilaksanakan rekonsiliasi Nilai Utang Pokok,                     reconciliation of the Principal Debt Value, Value
          Nilai Tambah dan Denda atas Nilai Tambah                         Added and Fines for Value Added in August
          pada bulan Agustus tahun 2021 antara BPJT                        2021 between BPJT and all BUJTs that have
          dengan seluruh BUJT yang memiliki BLU.                           BLU has been carried out.

          Pada tanggal 9 Desember 2024 telah                               On December 9, 2024, the Minister of Public
          diterbitkan Keputusan Menteri Pekerjaan                          Works        issued     Ministerial     Decree
          Umum No. 3070/KPTS/M/2024 tentang                                No.       3070/KPTS/M/2024           concerning
          Perubahan Atas Keputusan Menteri Pekerjaan                       Amendments         to    Ministerial    Decree
          Umum        Dan     Perumahan       Rakyat                       No. 822/KPTS/M/2021 on the Resolution of
          No. 822 /KPTS/M/2021 tentang Penyelesaian                        Issues Related to the Revolving Fund Services
          Permasalahan Layanan Dana Bergulir Badan -                       of the Public Service Agency under the Funding
          Layanan Umum Bidang Pendanaan Sekretariat                        Sector of the Toll Road Regulatory, with
          Badan Pengatur Jalan Tol Menteri Pekerjaan                       provisions as follows:
          Umum, dengan ketentuan antara lain sebagai
          berikut:

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PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                           As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

44. PERJANJIAN          DAN      PERIKATAN         PENTING         44. SIGNIFICANT     AGREEMENTS                         AND
    (lanjutan)                                                         COMMITMENTS (continued)

      b. Perjanjian Penggunaan Dana Bergulir                          b.   Agreement    of   Fund      Facility   for
         Pembelian Tanah untuk Jalan Tol dengan                            Reimbursement of Land Acquisition for Toll
         Badan Layanan Umum - Badan Pengatur                               Road with BLU – BPJT (continued)
         Jalan Tol (BLU - BPJT) (lanjutan)

          1. Kelebihan pembayaran Nilai Tambah yang                        1. The excess payments of Added Value
             telah dibayarkan oleh BUJT ditetapkan                            previously paid by the Toll Road Business
             sebagai:                                                         Entities (BUJT) are determined as:

             a. pengurang Nilai Hutang Pokok hasil                            a. a deduction from the Principal Debt
                reviu Badan Pengawasan Keuangan dan                              Value based on the review by the
                Pembangunan; dan/atau                                            Financial and Development Supervisory
                                                                                 Agency; and/or

             b. bagian dari investasi dan dilaksanakan                        b. a part of the investment and executed in
                sesuai dengan ketentuan peraturan                                accordance with the applicable laws and
                perundang-undangan;                                              regulations.

          2. Denda atas Nilai Tambah yang dibayarkan                       2. Penalties for the Added Value already paid
             oleh BUJT ditetapkan sebagai bagian dari                         by BUJT are determined as part of the
             investasi dan dilaksanakan sesuai dengan                         investment and executed in compliance with
             ketentuan peraturan perundang-undangan.                          the applicable laws and regulations.

     c.   Jasa Pengoperasian Jalan Tol antara                         c.   Toll Road Operation Services between PT
          PT     Jalantol   Lingkarluar Jakarta                            Jalantol      Lingkarluar        Jakarta
          (Entitas Anak) dengan PT Hutama Karya                            (a Subsidiary) and PT Hutama Karya
          (Persero)                                                        (Persero)

          Berdasarkan Adendum V Perjanjian Jasa                            Based on Addendum V of the Agreement for
          Pengoperasian,      Pengamanan,      dan                         Operation, Security, and Maintenance of JORR
          Pemeliharaan Jalan Tol Ruas JORR Seksi S                         Section S (Pondok Pinang – Jagorawi) Toll
          (Pondok      Pinang        –    Jagorawi)                        Road No. OPJT/AW.31/S.Perj-ADD-5/II/2023
          No. OPJT/AW.31/S.Perj-ADD-5/II/2023 dan                          and      No.      14/SP-JLJ/II/2023     dated
          No.        14/SP-JLJ/II/2023      tanggal                        February 16, 2023, the contract value for the
          16 Februari 2023, nilai kontrak periode                          period March 17, 2022 to April 16, 2023 is
          17 Maret 2022 sampai dengan tanggal                              Rp96,211 (including VAT). The agreement has
          16 April 2023 adalah sebesar Rp96.211                            expired.
          (termasuk PPN). Perjanjian tersebut telah
          berakhir.

          PT Jalantol Lingkarluar Jakarta dengan                           PT Jalantol Lingkarluar Jakarta with PT Hutama
          PT Hutama Karya (Persero) kemudian                               Karya (Persero) then signed a Contracting
          menandatangani Perjanjian Pemborongan                            Agreement for Toll Road Operation Services for
          Pekerjaan Jasa Layanan Operasi Jalan Tol                         the JORR-S (Jagorawi - Pondok Pinang) Toll
          Ruas JORR-S (Jagorawi – Pondok Pinang)                           Road        No.      OPT/WK.89/S.Perj/IV/2023
          No.      OPT/WK.89/S.Perj/IV/2023          dan                   and       No.     17/SP-JLJ/IV/2023       dated
          No. 17/SP-JLJ/IV/2023 tanggal 14 April 2023                      April 14, 2023 with an implementation period of
          dengan jangka waktu pelaksanaan selama                           365 days from SPMK. The contract value is
          365 hari sejak SPMK. Nilai kontrak adalah                        Rp88,971.     This    agreement      ends    on
          sebesar Rp88.971. Perjanjian ini berakhir pada                   April 17, 2024.
          tanggal 17 April 2024.

          Perjanjian Pemborongan Pekerjaan Jasa                            The contract for Toll Road Operation Service
          Layanan Operasi Jalan Tol Ruas JORR-S                            Work Agreement for the JORR-S (Jagorawi –
          (Jagorawi        –      Pondok         Pinang)                   Pondok Pinang) section, with contract
          No.       OPT/WK.89/S.Perj/IV/2023         dan                   No.       OPT/WK.89/S.Perj/IV/2023        and
          No. 17/SP-JLJ/IV/2023 tanggal 14 April 2023,                     17/SP-JLJ/IV/2023 dated April 14, 2023, ended
          telah berakhir pada tanggal 17 April 2024.                       on April 17, 2024.




                                                             161
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PT JASA MARGA (PERSERO) Tbk                                                                   PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                 For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                     As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                        (Expressed in millions of Rupiah, unless otherwise stated)

44. PERJANJIAN             DAN       PERIKATAN           PENTING          44. SIGNIFICANT     AGREEMENTS                                  AND
    (lanjutan)                                                                COMMITMENTS (continued)

     c.   Jasa Pengoperasian Jalan Tol antara                                   c.   Toll Road Operation Services between PT
          PT     Jalantol    Lingkarluar Jakarta                                     Jalantol       Lingkarluar       Jakarta
          (Entitas Anak) dengan PT Hutama Karya                                      (a Subsidiary) and PT Hutama Karya
          (Persero) (lanjutan)                                                       (Persero) (continued)

          Tidak terdapat perpanjangan kerja sama                                     There is no extension of the toll road operation
          pengoperasian jalan tol dengan PT Hutama                                   cooperation with PT Hutama Karya (Persero),
          Karya (Persero) karena JLJ sudah dilikuidasi                               because JLJ has already been liquidated based
          berdasarkan       Akta     No.     10     tanggal                          on Deed No. 10 dated February 26, 2025, made
          26 Februari 2025 yang dibuat di hadapan                                    before Notary Siti Nur Isminingsih, S.H. in
          Notaris Siti Nur Isminingsih, S.H. di Kota Bekasi                          Bekasi City and the Letter from the Ministry of
          dan Surat Kementerian Hukum Republik                                       Law    of    the   Republic      of   Indonesia
          Indonesia No. AHU-AH.01.03-00186 perihal                                   No. AHU-AH.01.03-00186 regarding the
          Berakhirnya        Status     Badan       Hukum                            Termination of Legal Entity Status of
          PT Jalantol Lingkarluar Jakarta (dalam                                     PT Jalantol Lingkarluar Jakarta (In liquidation)
          likuidasi) tanggal 24 Maret 2025.                                          dated March 24, 2025.

     d.   Kerja Sama Pengoperasian Jalan Tol                                    d.   Toll Road Joint Operation with PT Citra
          dengan PT Citra Marga Nusaphala Persada                                    Marga Nusaphala Persada Tbk (CMNP)
          Tbk (CMNP)

          Perusahaan mengadakan kerja sama dengan                                    The Company has entered into a joint operation
          CMNP dalam bentuk pengoperasian jalan tol                                  agreement with CMNP in the form of integrated
          secara terpadu yang dimuat dalam Akta Notaris                              toll road operation as put forth in the Notarial
          No. 42 tanggal 4 Juni 1993 juncto Akta Notaris                             Deed No. 42 dated June 4, 1993 in conjunction
          No. 386 tanggal 31 Desember 1994.                                          with the Notarial Deed No. 386 dated
                                                                                     December 31, 1994.

          Dalam Keputusan Bersama Menteri Pekerjaan                                  Based the Joint Decree of the Minister of Public
          Umum No. 272-A/KPTS/1996 dan Menteri                                       Works No. 272-A/KPTS/1996 and the Minister
          Keuangan No. 434/ KMK.016/1996 tanggal                                     of Finance No. 434/KMK.016/1996 dated
          20 Juni 1996 tentang Pengoperasian Terpadu                                 June 20, 1996 concerning the Integrated
          Jalantol Lingkar Dalam Kota Jakarta (Tomang-                               Operation of the Jakarta Inner City Ring Road
          Cawang Tanjung Priok-Ancol Timur-Jembatan                                  (Tomang-Cawang Tanjung Priok-Ancol Timur-
          Tiga Pluit-Grogol Tomang) serta penetapan                                  Jembatan Tiga Pluit-Grogol Tomang) and the
          Angka Perbandingan Pembagian Pendapatan                                    determination of the Toll Revenue Distribution
          Tol dinyatakan bahwa jalan tol lingkar dalam                               Comparison Figure, it was stated that the inner
          kota dijadikan sebagai satu kesatuan sistem                                ring toll road is used as a unit of the inner city
          jaringan jalan tol dalam kota Jakarta yang                                 toll road network system in the city of Jakarta
          pengoperasiannya dilakukan secara terpadu                                  whose operation is carried out in a integrated
          dengan bagi pendapatan tol masing-masing                                   with toll revenue sharing of 25% for the
          sebesar 25% untuk Perusahaan dan sebesar                                   Company and 75% for CMNP, respectively.
          75% untuk CMNP.

          Berdasarkan       Surat    Keputusan     Menteri                           Based on the Decree of the Minister of Housing
          Pemukiman         dan     Prasarana     Wilayah                            and Regional Infrastructure No. JL.01.04-
          No.            JL.01.04-Mn/582           tanggal                           Mn/582 dated November 7, 2002, the Jakarta
          7 November 2002, ditetapkan persentase bagi                                Inner Ring Road revenue sharing between
          hasil jalan tol dalam kota Jakarta antara CMNP                             CMNP and the Company is set forth as follows:
          dan Perusahaan sebagai berikut:
                                                                 Persentase Bagi Hasil/
                                                             Percentage of Revenue Sharing
                                                                                Perusahaan/
                                                               CMNP            The Company

          •Mulai Awal Konsesi s/d 9 Mei 2002                       75%                 25%      •Beginning of Concession Period until May 9, 2002
          •Mulai 10 Mei 2002 s/d 31 Desember 2002                  65%                 35%              •From May 10, 2002 to December 31, 2002
          •Mulai 1 Januari 2003 s/d Akhir Masa Konsesi             55%                 45%         •From January 1, 2003 to the End of Concession




                                                                   162
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PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                           As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

44. PERJANJIAN          DAN      PERIKATAN         PENTING         44. SIGNIFICANT     AGREEMENTS                         AND
    (lanjutan)                                                         COMMITMENTS (continued)

     e.   Kerja Sama Pengoperasian Jalan Tol                          e.   Toll Road Joint Operation with PT Bintaro
          dengan PT Bintaro Serpong Damai (BSD)                            Serpong Damai (BSD)

            Perusahaan telah mengadakan kerja sama                           The Company has entered into a joint
            kontrak manajemen dengan BSD sebagai                             operation agreement with BSD as toll road
            operator jalan tol berdasarkan perjanjian                        operator for Pondok Aren - Serpong section
            kerja sama pengoperasian dan pemeliharaan                        based on toll road operation and maintenance
            jalan tol Pondok Aren - Serpong                                  agreement No. 004/SPK-DIR/1998 dated
            No. 004/SPK-DIR/1998 tanggal 19 Mei 1998,                        May 19, 1998, which started from the date of
            yaitu dimulai sejak tanggal pengoperasian                        operation until the expiration of the toll
            sampai      dengan    berakhirnya     masa                       concession for Pondok Aren - Serpong or at
            penyelenggaraan jalan tol Pondok Aren -                          the time of the termination of the agreement,
            Serpong atau pada saat diakhirinya                               which ever is earlier. Based on the Decree of
            perjanjian ini mana yang lebih awal.                             the Indonesian Board of Arbitration
            Berdasarkan         Putusan          Badan                       No.       217/1/ARB-BANI/2006           dated
            Arbitrase        Nasional         Indonesia                      August 31, 2006, the scope of the Company’s
            No.       217/1/ARB-BANI/2006       tanggal                      operations are as follows:
            31 Agustus 2006, lingkup pengoperasian
            Perusahaan sebagai berikut:

            1. Pengoperasian gerbang tol Pondok Ranji                        1. Operation of Pondok Ranji toll gates (East
               (Pondok Aren Timur).                                             Pondok Aren).
            2. Pelayanan lalu lintas dan keamanan                            2. Providing patrol and safety service for toll
               pengguna jalan tol serta pengamanan                              road users and safeguarding toll road
               aset, dengan catatan yang dilakukan oleh                         assets whereby the Company is dealing
               Perusahaan adalah yang menyangkut                                with toll road users in the patrol area
               patroli seperti kendaraan rusak dan                              including damaged vehicles and accidents
               kecelakaan sesuai lingkup pekerjaan                              on toll roads in compliance with Standard
               patroli sesuai Standar Pelayanan Minimal                         of Minimal Service (SPM) for toll roads
               (SPM) jalan tol yang dikeluarkan Menteri                         issued by the Minister of Public Works.
               Pekerjaan Umum.
            Masa berakhirnya perjanjian bersamaan                            The term of the agreement terminates with
            dengan berakhirnya masa konsesi ruas                             the end of the concession of Ulujami –
            Ulujami – Pondok Aren hingga 2045, kecuali                       Pondok Aren tol road until 2045, unless both
            kedua pihak sepakat untuk mengakhiri                             parties agree to terminate the contract earlier.
            kontrak lebih awal.

     f.   Kerja Sama Pengoperasian Jalan Tol                          f.   Jakarta Outer Ring Road (JORR) Toll
          Jakarta Outer Ring Road (JORR)                                   Road Operation Cooperation
          Berdasarkan Berita Acara Kesepakatan                             Based on the Official Minutes of Agreement on
          Integrasi JORR No. 82/BA/Pt.6/2018 tanggal                       JORR Integration No. 82/BA/Pt.6/2018 dated
          21    September       2018    dan    Perjanjian                  September 21, 2018 and Agreement
          No.      28.1/KONTRAK-DIR/2019         tanggal                   No.       28.1/KONTRAK-DIR/2019             dated
          29 Maret 2019, pelaksanaan integrasi dan                         March 29, 2019, the implementation of
          proporsi bagi hasil yang akan digunakan secara                   integration and the profit-sharing proportion that
          terus menerus sampai akhir masa konsesi                          will be used continuously until the end of the
          adalah sebagai berikut:                                          concession period is as follows:

          1. PT Jakarta Lingkarbarat Satu (JLB) selaku                     1. PT Jakarta Lingkarbarat Satu (JLB) as
             operator Ruas JORR W1 sebesar 15,32%                             operator of JORR W1 Section is 15.32% of
             dari realisasi total pendapatan tol integrasi                    the total realization of JORR integrated toll
             JORR;                                                            revenues;
          2. PT Marga Lingkar Jakarta, Entitas Asosiasi                    2. PT Marga Lingkar Jakarta, an Associate, as
             Perusahaan, selaku operator Ruas JORR                            the operator of the JORR W2U Section is
             W2U sebesar 9,59% dari realisasi total                           9.59% of the total realization of the JORR
             pendapatan tol integrasi JORR;                                   integration toll revenue;



                                                             163
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PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                           As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

44. PERJANJIAN          DAN      PERIKATAN         PENTING         44. SIGNIFICANT     AGREEMENTS                         AND
    (lanjutan)                                                         COMMITMENTS (continued)
     f.   Kerja Sama Pengoperasian Jalan Tol                          f.   Jakarta Outer Ring Road (JORR) Toll
          Jakarta Outer Ring Road (JORR)                                   Road Operation Cooperation (continued)
          (lanjutan)
          3. Perusahaan selaku operator Ruas JORR                          3. The Company as operator of JORR W2S,
             W2S, E1, E2, E3 sebesar 32,69% dari                              E1, E2, E3 Sections is 32.69% of the total
             realisasi total pendapatan tol integrasi JORR                    realization of JORR integrated toll revenues;
          4. Perusahaan selaku operator Ruas Ulujami-                      4. The Company as the operator of the
             Bintaro Viaduct-Pondok Aren sebesar                              Ulujami-Bintaro    Viaduct-Pondok      Aren
             5,05% dari realisasi total pendapatan tol                        Section is 5.05% of the total realization of
             integrasi JORR;                                                  JORR integration toll revenues;
          5. PT Hutama Karya (Persero) selaku operator                     5. PT Hutama Karya (Persero) as operator of
             Ruas JORR S sebesar 24,23% dari realisasi                        JORR S is 24.23% of the total realization of
             total pendapatan tol integrasi JORR; dan                         JORR integration toll revenues; and
          6. PT Hutama Karya (Persero) selaku operator                     6. PT Hutama Karya (Persero) as the operator
             Ruas ATP sebesar 13,12% dari realisasi                           of the ATP is 13.12% of the total realization
             total pendapatan tol integrasi JORR.                             of the JORR integration toll revenue.

     g.   Kerja Sama Pengoperasian Jalan Tol                         g.    Jakarta-Tangerang       Toll   Road     Operation
          Jakarta-Tangerang                                                Cooperation
          Perusahaan telah mengadakan kerja sama                           The Company has entered into an integrated
          pengoperasian terpadu ruas jalan tol                             operation of Jakarta-Tangerang-Merak toll road
          Jakarta-Tangerang-Merak dengan PT Marga                          section with PT Marga Mandalasakti (MMS)
          Mandalasakti (MMS) berdasarkan kontrak                           based        on       contract    agreement
          perjanjian No. 60/Kontrak-DIR/2017.                              No. 60/Kontrak-DIR/2017.
          Kerja sama operasi terpadu diatur dalam                          Integrated operational cooperation is in the
          perjanjian meliputi kegiatan manajemen                           agreement covering toll collection management
          pengumpulan tol, manajemen lalu lintas, dan                      activities, traffic management, and toll road
          pemeliharaan jalan tol. Perjanjian berlaku                       maintenance. The agreement is effective from
          efektif sejak dilakukan integrasi yaitu pada                     the integration on April 9, 2017. The proportion
          tanggal 9 April 2017. Proporsi pendapatan bagi                   of toll revenue share revenue since the
          hasil tol sejak awal pengoperasian dengan                        beginning of operation with the Company is
          Perusahaan sebesar 81,58% dan MMS                                81.58% and MMS is 18.42%.
          sebesar 18,42%.
          Perjanjian ini berlaku efektif terhitung sejak                   This agreement shall be effective as of April 9,
          tanggal 9 April 2017 sebagaimana ditetapkan                      2017, as determined by the Minister of Public
          oleh Menteri Pekerjaan Umum dan Perumahan                        Works and Housing (Effective Date), and shall
          Rakyat ("Tanggal Efektif') dan berakhir apabila                  terminate upon the occurrence of any of the
          salah satu kejadian di bawah ini terjadi (mana                   following events (whichever occurs first):
          yang lebih dulu terjadi):
          a. Berakhirnya salah satu dari Perjanjian                        a. Termination of either the Toll Jakarta-
             Pengusahaan Jalan Tol Jakarta-Tangerang                          Tangerang    Toll   Road   Concession
             dan Jalan Tol Tangerang-Merak; atau                              Agreement and the Tangerang-Merak Toll
                                                                              Road Agreement; or
          b. Perubahan        kebijakan      pemerintah                    b. Government policy changes related to toll
             sehubungan       dengan     penatausahaan                        gate management on the Toll Jakarta-
             gerbang tol di Jalan Tol Jakarta-Tangerang                       Tangerang and Tangerang-Merak Toll
             dan Jalan Tol Tangerang-Merak; atau                              Roads; or
          c. Salah satu Pihak mengalihkan hak,                             c. Either Party transferring its rights,
             kewajiban    dan     tanggung    jawabnya                        obligations, and responsibilities under this
             berdasarkan           Perjanjian       ini                       Agreement to a third party.
             kepada pihak ketiga.




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PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                           As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

44. PERJANJIAN          DAN      PERIKATAN         PENTING         44. SIGNIFICANT     AGREEMENTS                         AND
    (lanjutan)                                                         COMMITMENTS (continued)

     g.   Kerja Sama Pengoperasian Jalan Tol                          g.   Jakarta-Tangerang Toll         Road     Operation
          Jakarta-Tangerang (lanjutan)                                     Cooperation (continued)
          Sampai dengan tanggal laporan keuangan                           As of the date of the financial report, this
          perjanjian ini masih berlaku karena belum ada                    agreement is still valid because none of the
          salah satu kejadian diatas terjadi.                              events mentioned above have occurred.

     h.   Kerja Sama Pembangunan Akses Tol KM                         h. Development of KM 1+842 Toll Access on
          1+842 pada Jalan Tol Jakarta – Cikampek                        the Jakarta - Cikampek Toll Road
                                                                         Cooperation

          Perusahaan telah mengadakan kerja sama                           The Company has entered into cooperation
          terkait pembangunan Akses Tol KM 1+842                           related to the construction of KM 1+842 Toll
          pada Jalan Tol Jakarta – Cikampek dengan                         Access on the Jakarta - Cikampek Toll Road
          PT Kereta Cepat Indonesia China dan                              with PT Kereta Cepat Indonesia China and
          PT Jasamarga Transjawa Tol berdasarkan Akta                      PT Jasamarga Transjawa Tol based on the
          Perjanjian    Kerja   Sama     Pembangunan                       Deed of Cooperation Agreement for the
          Aksesibilitas Stasiun Halim Kereta Cepat                         Development of Accessibility of Halim Station of
          Jakarta Bandung No. 1 tanggal 9 Juni 2023                        the Jakarta Bandung Fast Train No. 1 dated
          dibuat di hadapan Mira Aranti Ciptadi, S.H.,                     June 9, 2023 made before Mira Aranti Ciptadi,
          M.Kn., Notaris di Kabupaten Karawang.                            S.H., M.Kn., Notary in Karawang Regency.

          Lingkup perjanjian tersebut meliputi menyusun                    The scope of the agreement includes preparing
          gambar basic design dan gambar Rencana                           basic design drawings and Final Technical Plan
          Teknik Akhir (RTA) akses menuju dan dari tol                     (RTA) drawings for access to and from the toll
          ke arah Stasiun Halim KCJB sesuai batasan                        road to Halim KCJB Station according to the
          dalam perjanjian, melakukan pengurusan                           limitations in the agreement, managing the
          persetujuan gambar basic design dan RTA                          approval of basic design drawings and RTA
          akses menuju dan dari tol ke arah Stasiun                        access to and from the toll road towards Halim
          Halim KCJB kepada Kementerian PUPR,                              KCJB Station to the Ministry of PUPR, carrying
          melaksanakan pembangunan akses tol menuju                        out the construction of toll access to Halim
          Stasiun Halim KCJB, dan menyediakan                              KCJB Station, and providing toll equipment and
          peralatan tol dan instalasinya untuk gerbang tol                 installation for toll gates at Halim KCJB Station
          pada akses Stasiun Halim KCJB.                                   access.


45. KONTINJENSI                                                    45. CONTINGENCIES

     a.   Kewajiban karena Pengakhiran Perjanjian                     a.   Obligation  due  to            Termination        of
          Kuasa Penyelenggaraan                                            Concession Agreement

          Pada tahun 1994, Perusahaan melakukan kerja                      In 1994, the Company entered into a joint
          sama operasi dengan PT Citra Ganesha Marga                       operation with PT Citra Ganesha Marga
          Nusantara (CGMN) untuk pembangunan Jalan                         Nusantara (CGMN) for construction of the
          Tol Cikampek - Padalarang, sebagaimana                           Cikampek - Padalarang Toll Road as set forth
          tertuang     dalam     Perjanjian    Kuasa                       in the Concession Agreement No. 297 dated
          Penyelenggaraan (PKP) No. 297 tanggal                            December       21,    1994.     However,     on
          21 Desember 1994. Namun demikian, pada                           July 18, 2001, the Minister of Housing and
          18 Juli 2001, Menteri Pemukiman dan                              Regional Infrastructure with the Letter No. 417
          Prasarana Wilayah (Menkimpraswil) dengan                         revoked the decision granting permission of Toll
          Surat Keputusan No. 417 mencabut keputusan                       Road Joint Operation license between the
          pemberian izin Kerja Sama Penyelenggaraan                        Company and CGMN. On July 25, 2001, the
          Jalan Tol antara Perusahaan dengan CGMN.                         Company       terminated     the    Concession
          Pada tanggal 25 Juli 2001, Perusahaan                            Agreement with CGMN.
          mengakhiri PKP dengan CGMN.




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PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                          For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                              As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

45. KONTINJENSI (lanjutan)                                            45. CONTINGENCIES (continued)

     a.   Kewajiban karena Pengakhiran Perjanjian                        a.   Obligation  due  to    Termination                of
          Kuasa Penyelenggaraan (lanjutan)                                    Concession Agreement (continued)

          PKP No. 297 tanggal 21 Desember 1994                                The Concession Agreement No. 297 dated
          menyebutkan bahwa bila terjadi pengakhiran                          December 21, 1994 states that if there is
          masa penyelenggaraan jalan tol lebih awal                           termination of concession agreement before the
          sebelum masa konsesi berakhir, maka                                 concession period is due, the Company has an
          Perusahaan berkewajiban untuk mengambil-                            obligation to take over the overall liabilities and
          alih seluruh utang dan harus memenuhi hak                           should fulfill the rights of shareholders (CGMN).
          Penanam Modal (CGMN).

          Dalam Pasal 14.1 PKP disebutkan bahwa                               Article 14.1 of Concession Agreement states
          Perusahaan harus membayar sejumlah uang                             that the Company should pay some amount
          atas nilai buku jalan tol setelah dikurangi nilai                   over book value of the toll road after deducting
          kewajiban yang harus diambil alih Perusahaan.                       amount of liabilities taken over by the Company.

          Atas prinsip kehati-hatian, Perusahaan telah                        On the principle of prudence, the Company has
          melakukan estimasi nilai aset akibat                                estimated the value of assets resulting from the
          pengakhiran PKP dengan CGMN sebesar                                 termination of PKP with CGMN at Rp202,454,
          Rp202.454 yang merupakan nilai buku yang                            which represents the audited book value of
          telah diaudit atas aset dalam penyelesaian                          assets       under    construction     as      of
          pada tanggal 31 Desember 1999 dengan opini                          December 31, 1999, with a disclaimer of opinion
          tidak menyatakan pendapat atas laporan                              on the financial statements. The Company
          keuangan.        Perusahaan       masih       terus                 continues to strive for a definitive resolution
          mengupayakan         penyelesaian        penetapan                  regarding the determination of the amount of
          secara definitif atas jumlah liabilitas.                            liabilities.

          Perusahaan telah membentuk tim untuk                                The Company has formed a team to analyze the
          mengkaji penyelesaian permasalahan akibat                           disputed settlement that has arisen from the
          pengakhiran PKP Jalan Tol Cikampek -                                termination of the Cikampek-Padalarang Toll
          Padalarang antara Perusahaan dan CGMN.                              Road PKP between the Company and CGMN.

          Pada tanggal 23 Juni 2014 melalui surat                             On     June      23,   2014,   through      letter
          No.    AA.HK05.0.645,    Perusahaan    telah                        No. AA.HK05.0.645, the Company has
          memberikan tanggapan atas surat dari                                responded to the letter of the Ministry of State-
          Kementerian BUMN No. S-268/MBU/D2/2014                              Owned Enterprises No. S-268/MBU/D2/2014
          tanggal 10 Juni 2014 mengenai rencana                               dated June 10, 2014, regarding the filing plan
          pengajuan gugatan oleh Trafalgar House                              by Trafalgar House Construction (Jersey)
          Construction (Jersey) Limited (THCJ) yang                           Limited (THCJ) which acts as the majority
          bertindak sebagai pemegang saham mayoritas                          shareholder of CGMN through International
          CGMN melalui Arbitrase Internasional kepada                         Arbitration to the government of the Republic of
          Pemerintah Republik Indonesia.                                      Indonesia.

          Pada tanggal 28 Februari 2017, THCJ                                 On February 28, 2017, THCJ was sent a letter
          menyampaikan surat kepada BKPM mengenai                             to the BKPM about the plan to propose
          rencana pengajuan gugatan arbitrase terhadap                        arbitration claim against the Government of
          Pemerintah Indonesia. Dalam hal untuk                               Indonesia. In the case to answer the letter of
          menjawab      surat   dari    THCJ,    BKPM                         THCJ, BKPM invite the Company through a
          mengundang rapat Perusahaan melalui surat                           letter No. 18/B.6/A.3/2017 dated March 7, 2017.
          No. 18/B.6/A.3/2017 tanggal 7 Maret 2017.

          THCJ      menyampaikan        surat  kepada                         THCJ sent a letter to the Company
          Perusahaan     No.      2018/08/JM   tanggal                        No. 2018/08/JM dated August 31, 2018
          31 Agustus 2018 berisi:                                             informed as follows:
          1. THCJ meminta metode perhitungan                                  1. THCJ requested the calculation method of
              kompensasi untuk CGMN berdasarkan                                    the compensation to CGMN must have
              PKP harus mengacu pada Nilai Wajar.                                  based on Fair Value.
          2. Selain kompensasi pada angka 1 diatas,                           2. In addition to number 1 above, THCJ
              THCJ mengklaim berhak atas kompensasi                                claimed entitlement to compensation and
              beserta bunga akibat pengakhiran PKP.                                its interest caused by the termination of
                                                                                   Concession Agreement.


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PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

45. KONTINJENSI (lanjutan)                                       45. CONTINGENCIES (continued)

     a.   Kewajiban karena Pengakhiran Perjanjian                   a.   Obligation  due  to    Termination                of
          Kuasa Penyelenggaraan (lanjutan)                               Concession Agreement (continued)

          3.   Selama kompensasi belum dibayarkan ke                     3.   As long as the Compensation have not
               CGMN maka CGMN berhak atas                                     fulfilled by the Company to CGMN,
               pendapatan tol.                                                therefore CGMN entitled to the Toll
                                                                              Revenue.

          Pada     tanggal  13    Juni 2019     THCJ                     On June 13, 2019, THCJ sent a letter to the
          menembuskan surat kepada Perusahaan                            Company regarding a letter addressed to the
          terkait surat yang ditujukan kepada Jaksa                      Attorney General of the Republic of Indonesia
          Agung Republik Indonesia perihal Rencana                       regarding THCJ's Plan to File a Lawsuit against
          THCJ untuk mengajukan Gugatan terhadap                         the Government of the Republic of Indonesia to
          Pemerintah Republik Indonesia kepada                           International Arbitration as per the letter
          Arbitrase Internasional sebagaimana surat                      submitted by THCJ dated March 14, 2014
          yang pernah THCJ sampaikan tertanggal                          regarding the demands and lawsuits filed by
          14 Maret 2014 mengenai tuntutan dan gugatan                    THCJ in the CGMN dispute.
          yang diajukan THCJ pada sengketa CGMN.

          Perusahaan secara lisan menyampaikan                           The company verbally stated that the resolution
          bahwa penyelesaian permasalahan terkait                        of issues related to the termination of the PKP
          pengakhiran PKP dengan CGMN diselesaikan                       with CGMN will be handled in accordance with
          sesuai ketentuan dalam PKP. Dalam hal ini,                     the provisions in the PKP. In this case, the
          pembayaran kompensasi kepada CGMN                              compensation payment to CGMN will be based
          berdasarkan nilai buku CGMN yang telah                         on CGMN's book value as audited by a jointly
          diaudit oleh auditor yang ditunjuk bersama.                    appointed auditor.

          Hingga 31 Desember 2025, Pihak CGMN atau                       Until December 31, 2025, CGMN or THCJ has
          THCJ tidak dapat memberikan bukti-bukti                        not been able to provide evidence of
          pengeluaran sebagai dasar Perusahaan untuk                     expenditure as a basis for the Company to
          melakukan pembayaran dan juga tidak ada                        make payments and also no lawsuit has been
          gugatan yang diajukan ke pengadilan                            filed to the court or arbitration by THCJ.
          ataupun arbitrasi oleh THCJ. Sampai dengan                     Until December 31, 2025, the Company still
          31 Desember 2025, Perusahaan masih                             coordinating further with relevant stakeholders.
          berkoordinasi lebih lanjut dengan stakeholder
          terkait.

     b.   Gugatan Ganti Rugi dari Pemilik Tanah                     b.   Claims from Land Owners for Toll Road
          untuk Jalan Tol

          Perusahaan masih menghadapi perkara litigasi/                  The Company is facing several litigation cases
          gugatan dari beberapa orang yang mengklaim                     filed by parties the construction of claimed to
          sebagai pemilik tanah yang tanahnya                            be the owners of land whose land is used for
          digunakan untuk pembangunan Jalan Tol                          JORR W2 Toll Road Section, JORR E1 Toll
          JORR W2, JORR E1, Jalan Tol Pondok Aren -                      Road Section, Pondok Aren-Ulujami Toll Road,
          Ulujami, dan Jalan Tol Belmera. Penanganan                     and Belmera Toll Road. These litigation cases
          perkara litigasi tersebut masih dalam proses                   are still under trial in the District Courts, the
          peradilan di Pengadilan Negeri, Pengadilan                     High Courts and the Supreme Court.
          Tinggi, kasasi dan Peninjauan Kembali di
          Mahkamah Agung.

          Sampai dengan 31 Desember 2025, beberapa                       As of December 31, 2025, several cases are
          perkara masih dalam proses persidangan dan                     still in the trial process and the Company
          Perusahaan berkeyakinan bahwa tidak                            believes that no provision is required.
          diperlukan adanya provisi.




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PT JASA MARGA (PERSERO) Tbk                                                           PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                           For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                               As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)

45. KONTINJENSI (lanjutan)                                             45. CONTINGENCIES (continued)
     c.   Penggantian Lahan                                               c.   Land Exchange
          JBT, Entitas Anak, memiliki kewajiban untuk                          JBT, a Subsidiary, has a liability to construct
          membangun gedung kantor sesuai ketentuan di                          office building as required in PPJT.
          PPJT. Pembangunan gedung kantor tersebut                             The construction of office building will be
          akan dilakukan di area lahan yang dimiliki oleh                      conducted in land owned by PT Angkasa Pura
          PT     Angkasa      Pura    I   (AP     I)    dan                    I (AP I) and PT Pelabuhan Indonesia III
          PT Pelabuhan Indonesia III (Persero) (Pelindo                        (Persero) (Pelindo III). Since the construction of
          III). Karena pembangunan gedung kantor                               the office building conducted in land owned by
          tersebut di area lahan AP I dan Pelindo III, maka                    AP I and Pelindo III, JBT has liabilities to give
          JBT memiliki kewajiban untuk memberikan                              the land compensation to AP I and Pelindo III
          penggantian lahan untuk AP I dan Pelindo III                         as follows:
          dengan nilai sebagai berikut:

                                                                                                   Harga Penilaian/
                  No./                Dimiliki/             Area/
                                                                          NJOP/SVTO (Rp)           Appraisal Price
                  No.                Owned by               Area
                                                                                                        (Rp)
                   1.      Angkasa Pura I                   3.404 m2                   3.581                    29.291
                   2.      Pelindo III (darat)                522 m2                   1.227                     2.589
                   3.      Pelindo III (perairan)          41.490 m2                       -                         -
                Total                                                                  4.808                    31.880

          JBT menerima surat tembusan dari Dirjen Bina                         JBT received a copy letter from the Directorate
          Marga      No.     TB09.02-DB/496       tanggal                      General       (‘’DG’’)       of      Highways
          16 Juni 2017 Perihal Tanah HPL Angkasa                               No. TB09.02-DB/496 dated June 16, 2017
          Pura I. Dalam surat tersebut Dirjen Bina Marga                       regarding the Land of HPL Angkasa Pura I. In
          berpendapat bahwa lahan            HPL milik                         the letter DG Bina Marga believes that
          PT Angkasa Pura I tidak dapat diberikan ganti                        PT Angkasa Pura I HPL land can not be given
          rugi kecuali terhadap bangunan, tanaman, dan                         compensation except for building, plants and
          benda-benda di atas lahan HPL.                                       objects on HPL land.

          JBT memiliki kewajiban untuk membangun                               JBT has the obligation to construct an office
          gedung kantor sesuai ketentuan di PPJT.                              building in accordance with the provisions of the
          Pembangunan gedung kantor tersebut akan                              PPJT. The construction of the office building will
          dilakukan di akses masuk tol di jalan Pelabuhan                      be carried out at the toll entrance on Pelabuhan
          Benoa. Luas tanah yang akan dibangun kantor                          Benoa Road. The land area where the
          oleh Perseroan seluas 1.150 m2.                                      Company will build the office is 1,150 m2.
          Sampai dengan tanggal 31 Desember 2019,                              As of December 31, 2019, JBT has signed the
          JBT telah menandatangani Akta Jual Beli No. 4                        Sale and Purchase Deed No. 4 of
          tanggal 11 Januari 2019 dan Akta Kuasa Jual                          January 11, 2019 and Deed of Sale No. 5
          No. 5 tanggal 11 Januari 2019 dengan nilai jual                      January 11, 2019 with land value of Rp13,200.
          tanah yang diperoleh JBT sebesar Rp13.200.
          Sampai dengan tahun 2023, sesuai surat                               Until 2023, according to the letter, the Director
          tersebut Dirjen Bina Marga berpendapat bahwa                         General of Highways believes that HPL land
          lahan HPL milik PT Angkasa Pura I tidak dapat                        owned by PT Angkasa Pura I cannot be
          diberikan ganti rugi kecuali terhadap bangunan,                      compensated except for buildings, plants, and
          tanaman, dan benda-benda di atas lahan HPL.                          objects on HPL land.
          Pada tanggal 18 Agustus 2023, Dirjen Bina                            As of August 18, 2023, the Director General of
          Marga sudah mengirimkan surat ke BPKP untuk                          Highways has already sent a letter to the BPKP
          meminta reviu terhadap ganti rugi lahan HPL                          requesting a review of the land compensation
          PT Angkasa Pura I. Pada 18 Februari 2025,                            for HPL PT Angkasa Pura I. On February 18,
          JBT menerima laporan harian dari BPKP                                2025, JBT received a daily report from
          yang    menyetujui     penggantian      HPL                          BPKP     approving    the    replacement of
          PT Angkasa Pura I.                                                   PT Angkasa Pura I HPL.
          Sampai dengan tanggal 31 Desember 2025,                              As of December 31, 2025, PT Jasamarga Bali
          PT Jasamarga Bali Tol dengan PT Angkasa                              Toll with PT Angkasa Pura I are in the
          Pura I dalam tahap negosiasi untuk                                   negotiation stage to agree on implementation of
          menyepakati pelaksanaan pembayaran ganti                             HPL compensation payments.
          rugi HPL.


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DAN ENTITAS ANAK                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                        For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                            As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

45. KONTINJENSI (lanjutan)                                          45. CONTINGENCIES (continued)
     d.    Pengembalian Investasi Pemerintah                           d. Return on Government Investment
          JMKT, Entitas Anak, wajib mengembalikan                          JMKT, a Subsidiary, is obliged to return the
          investasi Pemerintah sebesar Rp178.000 (nilai                    Government's investment amounted to
          kini 2013) yang dilakukan atas pembangunan                       Rp178,000 (present value of 2013) made on
          ruas jalan tol Medan - Kualanamu - Tebing                        the construction of toll road Medan -
          Tinggi untuk seksi I dan II. Berdasarkan                         Kualanamu -Tebing Tinggi sections I and II.
          lampiran dalam PPJT, investasi Pemerintah                        According to the minutes attached on PPJT,
          akan dibayarkan pada tahun 2033, setelah                         such investment will be returned to the
          utang bank sindikasi dilunasi seluruhnya. Pada                   government in 2033, after syndicated bank loan
          tanggal 7 Mei 2018, berita acara serah terima                    is fully repaid. On May 7, 2018, the hand over
          penyelesaian seksi 1 dan 2 telah ditandatangani                  document I and II was signed and JMKT
          dan JMKT telah mencatatkan utang kepada                          recorded the payable to Government.
          Pemerintah tersebut.
          JMB, Entitas Anak, wajib mengembalikan                           JMB, a Subsidiary, is obliged to return the
          investasi Pemerintah sebesar Rp356.800 atas                      Government's investment of Rp356,800 for the
          jalan tol dari Ring Road Manado sampai dengan                    toll road section from the Manado Ring Road to
          Simpang Susun (“SS”) Airmadidi sepanjang                         the 14km Airmadidi Intersection ("SS").
          14km. Investasi tersebut akan dikembalikan                       The investment will be returned in accordance
          sesuai Akta PPJT No. 2 tanggal 9 Juni 2016                       with the PPJT Deed No. 2 dated June 9, 2016
          selambat-lambatnya tahun 2054.                                   no later than 2054.
          Berita Acara Serah Terima telah ditandatangani                   The Minutes of Handover have been signed
          berdasarkan Surat No. 36/BA/Db/2021 pada                         based on Letter No. 36/BA/Db/2021 on
          tanggal 20 Desember 2021. Ruas tol JMB                           December 20, 2021. The JMB toll road has
          tersebut telah beroperasi komersial pada                         been     operating      commercially  on
          tanggal 28 Oktober 2020 berdasarkan SK                           October 28, 2020 based on the Ministerial
          Menteri, sehingga sejak tanggal tersebut, JMB                    Decree, so that since that date, JMB has
          mengakui utang pada Pemerintah.                                  acknowledged debts to the Government.
          Pada saat berakhirnya masa konsesi, JMB                          At the end of the concession period, JMB must
          harus mengembalikan dan menyerahkan jalan                        return and hand over the toll road to the
          tol kepada Pemerintah/melalui Badan Pengatur                     Government/through the Toll Road Regulatory
          Jalan Tol (BPJT) tanpa syarat.                                   Agency (BPJT) unconditionally.

   e.     Kompensasi Pengembalian             Aset    Tanah            e. Compensation for Returning Land Assets
          Jalan Tol Semarang-Demak                                        for Semarang-Demak Toll Road
          Berdasarkan SK Menteri Pekerjaan Umum                            Based on the Decree of the Minister of Public
          No. 367/KPTS/1997 tanggal 29 Agustus 1997,                       Works      No.       367/KPTS/1997        dated
          PT Marga Mawatindo Esprit (MME) dan                              August 29, 1997, PT Marga Mawatindo Esprit
          Perusahaan memperoleh izin kerja sama                            (MME) and the Company obtained a
          penyelenggaraan Proyek Jalan Tol Semarang–                       cooperation permit for the implementation of the
          Demak. Pada tanggal 20 September 1997,                           Semarang–Demak Toll Road Project. On
          pembangunan jalan tol tersebut ditangguhkan                      September 20, 1997, the construction of the toll
          oleh Pemerintah.                                                 road was suspended by the Government.
          Pada      tahun      2001,      sehubungan                      In 2001, in connection with the termination of the
          dengan    pengakhiran   Perjanjian   Kuasa                      Maintenance Service Agreement (PKP),
          Penyelenggaraan (PKP), PT MME mengajukan                        PT MME filed a lawsuit with the Indonesian
          gugatan kepada Badan Arbitrase Nasional                         National Arbitration Board (BANI). In 2002, the
          Indonesia   (BANI). Pada tahun        2002,                     Company received a BANI decision stipulating
          Perusahaan menerima putusan BANI yang                           that the Company is obliged to:
          menetapkan bahwa Perusahaan wajib:
           a. Membayar ganti rugi kepada PT MME                            a.   Paid compensation to PT MME amounting
              sebesar Rp8.141 dan bunga sebesar 8%                              to Rp8,141 and interest at 8% per annum;
              per tahun;
           b. Membayar biaya pembebasan tanah                              b. Paid the land release fee of Rp11,831 plus
              sebesar Rp11.831 ditambah bunga sebesar                         interest at 8% per year; and
              8% per tahun; dan
           c. Membayar biaya arbitrase dan biaya                           c. Paid the arbitration costs and administrative
              administrasi masing-masing sebesar 50%.                          fees, each amounting to 50%.

                                                              169
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PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

45. KONTINJENSI (lanjutan)                                       45. CONTINGENCIES (continued)

   e.    Kompensasi Pengembalian Aset Tanah                         e. Compensation for Returning Land Assets
         Jalan Tol Semarang-Demak (lanjutan)                           for Semarang-Demak Toll Road (continued)
          Pada tanggal 31 Desember 2002, Perusahaan                    On December 31, 2002, the Company had
          telah melunasi seluruh kewajiban tersebut.                   settled all of these obligations.
          Pada tanggal 27 Mei 2020, berdasarkan Berita                  On May 27, 2020, based on the Minutes of
          Acara Serah Terima Tanah Bebas pada Jalan                     Handover of Free Land on the Semarang–
          Tol Semarang–Demak No. 29/BA-DIR/2020,                        Demak Toll Road No. 29/BA-DIR/2020, No.
          No. 6/BA/Db/2020, dan No. BA.35/BPJ/T/2020,                   6/BA/Db/2020, and No. BA.35/BPJ/T/2020, the
          Perusahaan telah menyerahkan tanah Jalan                      Company has handed over the land for the
          Tol Semarang–Demak kepada Direktorat                          Semarang–Demak Toll Road to the Directorate
          Jenderal Bina Marga, Kementerian Pekerjaan                    General of Highways, Ministry of Public Works
                                                                        and Public Housing.
          Umum dan Perumahan Rakyat.
          Perusahaan juga telah menyampaikan melalui                    The Company has also conveyed, through
          Surat No. AA.HK03.52 tanggal 22 Januari 2003                  Letter No. AA.HK03.52 dated January 22, 2003,
          kepada Menteri Permukiman dan Prasarana                       to the Minister of Settlement and Regional
          Wilayah mengenai Laporan Hasil Penyelesaian                   Infrastructure concerning the Report on the
          Proyek Jalan Tol Semarang–Demak. Dalam                        Completion of the Semarang–Demak Toll Road
          laporan tersebut dijelaskan bahwa Perusahaan                  Project. The report explained that the Company
          telah    melakukan       pembayaran     biaya                 had made payments for planning costs and land
                                                                        acquisition costs amounting to Rp20,537 on
          perencanaan dan biaya pengadaan tanah
                                                                        December 4, 2002. Considering that land
          sebesar Rp20.537 pada tanggal 4 Desember
                                                                        acquisition costs are the responsibility of the
          2002. Mengingat biaya pengadaan tanah                         Government, in this case the Ministry of
          merupakan tanggung jawab Pemerintah, dalam                    Settlement and Regional Infrastructure, the land
          hal ini Departemen Permukiman dan                             acquisition costs for the Semarang–Demak Toll
          Prasarana Wilayah, maka biaya pengadaan                       Road Project are billed to the Government.
          tanah untuk Proyek Jalan Tol Semarang–
          Demak ditagihkan kepada Pemerintah.

          Sampai dengan tanggal 31 Desember 2025,                       As of December 31, 2025, there has been no
          belum terdapat realisasi maupun tanggapan                     realization or official response to the submitted
          resmi atas pengajuan kompensasi tersebut                      compensation request received by the
          yang diterima oleh Perusahaan. Oleh karena                    Company. Therefore, the Company will send a
          itu, Perusahaan akan mengirimkan surat                        letter requesting confirmation regarding the said
          permintaan konfirmasi terkait kompensasi                      compensation to the Directorate General of
          dimaksud kepada Direktorat Jenderal Bina                      Highways, Ministry of Public Works and
                                                                        Housing.
          Marga, Kementerian Pekerjaan Umum dan
          Perumahan Rakyat.

    f.    Gugatan        Perjanjian Pembangunan                      f. Road Interchange Karawang Barat STA
          Simpang      Susun Karawang Barat STA                         47+130 Development Agreement Lawsuit
          47+130
          Pada tanggal 27 November 2007 Perusahaan                      On November 27, 2007 the Company and
          dan PT Maligi Permata Industrial Estate                       PT Maligi Permata Industrial Estate (Maligi)
          (Maligi) telah menandatangani Berita Acara                    signed the Minutes of the Modification of the
          Kesepakatan      Pembangunan     Modifikasi                   West Karawang Interchange Modification
          Simpang       Susun     Karawang     Barat                    Development Agreement Jakarta-Cikampek
          Jalan Tol Jakarta-Cikampek STA 47+130                         Toll Road STA 47+130 No. 78/BA-DIR/2007.
          No. 78/BA-DIR/2007.
          Pada tanggal 1 Mei 2009, Perusahaan dan                       On May 1, 2009, the Company and Maligi made
          Maligi membuat Perjanjian Pembangunan                         a Modification/ Extension Development
          Modifikasi/   perluasan   Simpang   Susun                     Agreement for the Karawang Barat STA
          Karawang Barat STA. 47+130, dimana                            Interchange. 47+130, where this agreement
          perjanjian ini mencabut perjanjian Akta                       revokes the Deed of Agreement No. 2 dated
          Perjanjian No. 2 tanggal 13 Desember 2001                     December 13, 2001 on the Construction of the
          Pembangunan Modifikasi Simpang Susun                          Modified Interchange of West Karawang.
          Karawang Barat.

                                                           170
Page 1004
PT JASA MARGA (PERSERO) Tbk                                                           PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                           For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                               As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)

45. KONTINJENSI (lanjutan)                                             45. CONTINGENCIES (continued)
    f.    Gugatan      Perjanjian Pembangunan                              f. Road Interchange Karawang Barat STA
          Simpang Susun Karawang Barat STA                                    47+130 Development Agreement Lawsuit
          47+130 (lanjutan)                                                   (continued)
          Kewajiban Maligi berdasarkan              perjanjian                Maligi's obligations under the agreement are
          adalah sebagai berikut:                                             as follows:
         a. Melakukan pembangunan Simpang susun                               a. Carry out construction of Interchanges in
            sesuai dengan Jangka Waktu Membangun                                 accordance with the Building Period
            yang ditetapkan oleh Menteri PUPR, yaitu                             stipulated by the Minister of PUPR, which is
            2 tahun sejak tanggal 12 Juni 2007.                                  2 years since June 12, 2007.
         b. Menyerahkan      jaminan    pembangunan                           b. Provide a construction guarantee for the
            Simpang susun berupa Sertifikat Hak Atas                             interchange in the form of a Land Rights
            Tanah seluas 5.750 m2 yang terletak di Desa                          Certificate covering an area of 5,750 m2
            Sukaluyu, Kecamatan Teluk Jambe,                                     located in Sukaluyu Village, Teluk Jambe
            Kab Karawang, Jawa Barat.                                            District, Karawang Regency, West Java.
         c. Melakukan pemeliharaan dan perbaikan                              c. Perform maintenance and repairs to
            terhadap kerusakan simpang susun                                     damage to interchanges within a period of 2
            dalam    jangka      waktu     2    tahun                            years after the date of operation, and submit
            setelah tanggal pengoperasian, serta                                 maintenance guarantees of 5% of the
            menyerahkan     jaminan      pemeliharaan                            Project Value in the form of a Bank
            sebesar 5% dari Nilai Proyek dalam bentuk                            Guarantee.
            Bank Garansi.
         d. Menanggung kekurangan biaya Operation                             d. Bear the shortfall in Operation Management
            Management (OM) sampai akumulasi                                     (OM) costs until the accumulated generated
            pendapatan tol dalam satu tahun lebih besar                          toll revenue in one year is greater or equal
            atau sama besar dengan Biaya OM; atau                                to OM Costs; or the actual traffic volume in
            volume lalu lintas aktual di tahun 2014 telah                        2014 has reached 49,749 vehicles per day.
            mencapai 49.749 kendaraan per hari.
         e. Perhitungan kekurangan biaya Operation                            e. The calculation of Operation Management
            Management (OM) dihitung selama satu                                 (OM) cost shortages is calculated for one
            tahun dan dilakukan oleh tim yang dibentuk                           year and is carried out by a team formed by
            oleh Perusahaan dan Maligi, dikurangi uang                           the Company and Maligi, minus Rp15,227
            sebesar Rp15.227 yang sudah dibayar oleh                             already paid by Maligi in 2002. The formula
            Maligi pada tahun 2002. Adapun formula                               for calculating the generated toll revenue is
            perhitungan pendapatan tol bangitan diatur                           regulated in Article 10 paragraph 3 of the
            dalam Pasal 10 ayat 3 Perjanjian.                                    Agreement .
         Pada tanggal 16 September 2015 Perusahaan                            On September 16, 2015 the Company and
         dan Maligi mengadakan rapat mengenai                                 Maligi held a meeting to discuss of the
         pembahasan realisasi biaya operasional dan                           realization of operational and maintenance
         pemeliharaan serta pendapatan tol Simpang                            costs and revenue of the Interchange Karawang
         Susun Karawang Barat dengan hasil:                                   Barat toll road with the results:
          a. Maligi menjelaskan bahwa perhitungan                             a. Maligi explained that the calculation of the
             pendapatan tol bangkitan tidak dapat                                toll revenue cannot be done through an
             dilakukan dengan hanya perjanjian,                                  agreement only, but with a traffic review
             melainkan dengan kajian ulang lalu lintas                           conducted by a Consultant in 2008; and
             yang dilakukan oleh Konsultan pada tahun
             2008; dan
          b. Perusahaan  meminta    Maligi   untuk                            b. The Company asked Maligi to invite the
             mengundang konsultan studi lalu lintas                              traffic study consultant.
             tersebut.
          Perusahaan melalui surat No. BC.KU.02.672                           The      Company        through    a   letter
          tanggal 8 Februari 2017 menyampaikan                                No. BC.KU.02.672 dated February 8, 2017
          Tagihan Beban Operasional dan Maintenance                           submitted invoice for the Operational and
          Gerbang Tol Karawang Barat 2 mulai triwulan                         Maintenance Charges of West Karawang Toll
          kedua tahun 2009 sampai dengan triwulan                             Gate 2 from second quarter of 2009 to fourth
          keempat tahun 2016 sejumlah Rp23.068.                               quarter of 2016 totaling Rp23,068.

                                                                 171
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PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                           As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

45. KONTINJENSI (lanjutan)                                         45. CONTINGENCIES (continued)

    f.    Gugatan      Perjanjian Pembangunan                          f. Road Interchange Karawang Barat STA
          Simpang Susun Karawang Barat STA                                47+130 Development Agreement Lawsuit
          47+130 (lanjutan)                                               (continued)

          Maligi melalui surat No. 190/FA/III/2017 tanggal                Maligi through a letter No. 190/FA/III/2017
          21 Maret 2017 menyampaikan kepada                               dated March 21, 2017 informed the Company
          Perusahaan bahwa berdasarkan hasil audit                        that based on the audit results conducted by
          yang dilakukan oleh Maligi, total beban yang                    Maligi, the total lost on the West Karawang toll
          atas gerbang tol Karawang Barat yang harus                      gate that must be borne by Maligi was Rp8 and
          ditanggung Maligi adalah Rp8 dan meminta                        requested the Company to revise the invoice
          Perusahaan untuk melakukan revisi atas faktur                   previously sent invoice.
          yang sebelumnya dikirim.

          Pada tanggal 3 Mei 2017, Perusahaan melalui                     On May 3, 2017, the Company through Jakarta-
          Jakarta-Cikampek dan Maligi melaksanakan                        Cikampek and Maligi held a coordination
          rapat koordinasi. Pada rapat tersebut,                          meeting. At the meeting, the Company and
          Perusahaan dan Maligi sepakat untuk                             Maligi agreed to make corrections to the
          melakukan     koreksi     atas    perhitungan                   calculation of OM cost shortages. Due to the
          kekurangan     biaya    OM.    Atas   koreksi                   correction in the calculation, the Company
          perhitungan        tersebut,      Perusahaan                    conveyed the calculation of OM cost shortages
          menyampaikan perhitungan kekurangan biaya                       to become Rp16,722. This fee does not include
          OM menjadi Rp16.722. Biaya ini belum                            deficits that must be borne by Maligi amounting
          termasuk defisit yang harus ditanggung Maligi                   to Rp1,495. The results of this meeting have
          sebesar Rp1.495. Hasil rapat ini telah                          been submitted minutes of the meeting on
          disampaikan notulen rapat pada tanggal                          May 8, 2017 through letter No. CB.TR05.1831.
          8 Mei 2017 melalui surat No. CB.TR05.1831.

          Pada tanggal 20 Juni 2017, Maligi melalui surat                 On June 20, 2017, Maligi via letter
          No. 94/MPIE/VI/2017 mengembalikan faktur                        No. 94/MPIE/VI/2017 return the Company
          tagihan Perusahaan dikarenakan angka dalam                      invoice for bills due to because the figures in the
          faktur berbeda dengan angka berdasarkan                         invoice differ from Maligi’s audit result.
          hasil audit Maligi.

          Selanjutnya,    Maligi    secara     sepihak                    Furthermore, Maligi unilaterally left a shortfall in
          menitipkan kekurangan biaya operasional dan                     operational costs and maintenance of the West
          pemeliharaan Simpang Susun Karawang Barat                       Karawang Interchange to the Karawang District
          ke Pengadilan Negeri Karawang sejumlah                          Court in the amount of Rp7,947 and the
          Rp7.947 dan Pengadilan Negeri Karawang                          Karawang District Court through the East
          melalui Pengadilan Negeri Jakarta Timur telah                   Jakarta District Court submitted the offer to the
          menyampaikan hal penawaran tersebut                             Company on June 22, 2017.
          kepada      Perusahaan      pada     tanggal
          22 Juni 2017.

          Perusahaan, melalui surat No. AA.HK02.1086                      The      Company,        through    a    letter
          tanggal 11 Juli 2017 menolak penawaran Maligi                   No. AA.HK02.1086 dated July 11, 2017
          karena jumlahnya tidak sesuai dengan                            rejected Maligi's offer because the amount did
          kewajiban Maligi dalam perjanjian.                              not match with Maligi's obligations in the
                                                                          agreement.

          Pada tanggal 11 Januari 2019, Perusahaan                        On January 11, 2019, the Company accepted
          menerima relaas panggilan sidang pertama                        the first court summons for a lawsuit filed by
          atas    gugatan   yang     diajukan   Maligi                    Maligi to the Company at the Karawang District
          kepada     Perusahaan    pada     Pengadilan                    Court with case No.104/Pdt/G/2018/PN.Kwg.
          Negeri     Karawang      dengan      perkara                    Through this case, the Company received
          No. 104/Pdt/G/2018/PN.Kwg. Melalui relaas                       information that Maligi had first filed a lawsuit on
          tersebut, Perusahaan mendapatkan informasi                      December 20, 2019 without giving a response
          bahwa Maligi telah lebih dahulu mengajukan                      to the summons submitted by the Company.
          gugatan pada tanggal 20 Desember 2019
          tanpa memberikan tanggapan atas somasi
          yang disampaikan Perusahaan.

                                                             172
Page 1006
PT JASA MARGA (PERSERO) Tbk                                                              PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                           For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                               As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)

45. KONTINJENSI (lanjutan)                                             45. CONTINGENCIES (continued)
    f.    Gugatan      Perjanjian Pembangunan                              f. Road Interchange Karawang Barat STA
          Simpang Susun Karawang Barat STA                                    47+130 Development Agreement Lawsuit
          47+130 (lanjutan)                                                   (continued)
          Dalam gugatannya, Maligi selaku Penggugat                           In the lawsuit, Maligi as the Plaintiff submitted
          menyampaikan dalil dan tuntutan kepada                              the argument and demand to the Company as
          Perusahaan selaku Tergugat, antara lain:                            the Defendant, including:

          a. Dalil:                                                           a. Grounds:
              i. Perhitungan Kekurangan beban biaya                               i. The calculation of the OM Cost
                  OM oleh PT LAPI Ganeshatama telah                                  Expense shortage by PT LAPI
                  tepat dan berdasarkan perjanjian.                                  Ganeshatama is correct and based on
                  Penggugat mempertimbangkan tabel                                   the agreement. The Plaintiff considers
                  layanan gardu rata-rata berdasarkan                                the average substation service table
                  Lampiran IV Akta No. 1 tertanggal                                  based on Attachment IV Deed No. 1
                  1 Mei 2008 dan Pasal 10 ayat (7) Akta                              dated May 1, 2008 and Article
                  No. 1 tertanggal 1 Mei 2009.                                       10 paragraph (7) Deed No. 1 dated
                                                                                     May 1, 2009.
              ii. Perjanjian sudah sepatutnya berakhir                           ii. The agreement was duly terminated
                  karena        sudah       tidak       sesuai                       because it was not in accordance with
                  dengan kondisi saat itu. Pasal 10                                  the conditions at that time. Article 10
                  ayat (7) Akta No. 1 tertanggal                                     paragraph (7) Deed No. 1 dated
                  1 Mei 2009 digunakan Penggugat                                     May 1, 2009 was used by the Plaintiff as
                  sebagai      pembenaran         perhitungan                        a justification for calculating the shortfall
                  penanggungan kekurangan Biaya OM                                   of OM Cost calculated by the Plaintiff
                  yang dihitung Penggugat dan/atau                                   and/or PT LAPI Ganeshatama.
                  PT LAPI Ganeshatama.
             iii. Penggugat menyatakan sudah tidak                                iii.   The Plaintiff stated that it no longer had
                  memiliki      kewajiban       lagi     untuk                           the obligation to pay OM Fees for the
                  membayar Biaya OM untuk periode                                        period of 2017 onwards, and stated that
                  2017 sampai dengan seterusnya serta                                    it had paid the OM Cost for the period
                  menyatakan          telah        melakukan                             2009 to 2016 with the Consignment
                  pembayaran penanggungan Biaya OM                                       mechanism and according to the PT
                  periode 2009 sampai dengan 2016                                        LAPI Ganeshtama Audit Results the
                  dengan mekanisme Konsinyasi dan                                        daily traffic calculation mechanism was
                  menurut Hasil Audit PT LAPI                                            not appropriate and would not be met
                  Ganeshatama mekanisme perhitungan                                      the conditions of termination of the
                  lalu lintas harian sudah tidak sesuai dan                              agreement so that the agreement is
                  tidak      akan     memenuhi         kondisi                           duly terminated.
                  pengakhiran        perjanjian      sehingga
                  perjanjian sudah sepatutnya berakhir.
          b. Tuntutan:                                                        b. Claims:
               i. Menyatakan sah dan mengikat hasil                                i. Declaring legality and binding on the
                  audit PT LAPI Ganeshatama terkait                                   audit results of PT LAPI Ganeshatama
                  dengan perhitungan besaran biaya OM                                 related to the calculation of the amount
                  yang harus dibayarkan Penggugat                                     of OM costs that must be paid by the
                  kepada Tergugat, yaitu sebesar                                      Plaintiff to the Defendant, amounting to
                  Rp7.947;                                                            Rp7,947;
              ii. Menyatakan keabsahan dan mengikat                               ii. Stating legality and binding Maligi
                  konsinyasi Maligi kepada Perusahaan;                                consignment to the Company;
             iii. Menyatakan perjanjian berdasarkan                              iii. Declare agreement based on the Deed
                  Akta No. 1 tanggal 1 Mei 2009 antara                                No. 1 dated May 1, 2009 between
                  Maligi dan Perusahaan berakhir;                                     Maligi and the Company ended;
             iv. Menyatakan bahwa Maligi tidak                                   iv. Stating that Maligi has no obligation to
                  memiliki     kewajiban     membayar                                 pay the OM fee shortage.
                  kekurangan biaya OM.

          Pada    tanggal    11   Desember      2019,                         On December 11, 2019, the Panel of Judges at
          Majelis   Hakim     Pengadilan  Karawang                            the Karawang Court read the case ruling
          membacakan      amar    putusan    perkara                          No. 104/Pdt/G/2018/ PN.Kwg are as follows:
          No. 104/Pdt/G/2018/PN.Kwg sebagai berikut:

                                                                 173
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PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

45. KONTINJENSI (lanjutan)                                       45. CONTINGENCIES (continued)

    f.    Gugatan      Perjanjian Pembangunan                        f. Road Interchange Karawang Barat STA
          Simpang Susun Karawang Barat STA                              47+130 Development Agreement Lawsuit
          47+130 (lanjutan)                                             (continued)
          a. Menyatakan sah dan mengikat hasil audit                    a. Declaring legality and binding on the audit
             PT LAPI Ganeshatama terkait dengan                            results of PT LAPI Ganeshatama related to
             perhitungan besaran biaya OM yang harus                       the calculation of the amount of OM costs
             dibayarkan Penggugat kepada Tergugat,                         that the Plaintiff must pay to the Defendant,
             yaitu sebesar Rp7.947;                                        amounting to Rp7,947;
          b. Menyatakan Perjanjian Pembangunan                          b. Stating      the      Modification/Extension
             Modifikasi/Perluasan   Simpang      Susun                     Development Agreement for the Karawang
             Karawang Barat Jalan Tol Jakarta-                             Barat Interchange in the Jakarta - Cikampek
             Cikampek Secara Hibah yang tertuang                           Toll Road in a Grant as stipulated in the
             dalam Akta No. 1 tanggal 1 Mei 2009 antara                    Deed No. 1 dated May 1, 2009 between
             Maligi dan Perusahaan berakhir; dan                           Maligi and the Company ended; and
          c. Menyatakan Penggugat tidak memiliki                        c. States the Plaintiff has no obligation to pay
             kewajiban untuk membayar biaya OM pada                        OM fees from 2017 onwards.
             periode 2017 sampai dengan seterusnya.
          Adapun pertimbangan Majelis Hakim dalam                       The consideration of the Panel of Judges in
          memutus perkara tersebut, antara lain:                        deciding the case, among others:
          a. Penggugat   mempunyai        hak    untuk                  a. The Plaintiff has the right to conduct an audit
             melakukan audit setelah tidak tercapainya                     after the Joint Team's agreement was not
             kesepakatan    Tim    Bersama      dalam                      reached in determining the OM cost
             menentukan perhitungan biaya OM,                              calculation, therefore the exact OM fee
             sehingga besaran biaya OM yang tepat                          amount is to follow the audit results from PT
             adalah dengan mengikuti hasil audit dari                      LAPI Ganeshatama;
             PT LAPI Ganeshatama;
          b. Terdapat keadaan yang menyebabkan                          b. There are circumstances which make it
             sulitnya pemenuhan perubahan kondisi                          difficult to meet the changes in conditions for
             pengakhiran perjanjian sulit untuk dicapai,                   terminating the agreement that are difficult
             sehingga Majelis Hakim menyatakan                             to achieve, so the Panel of Judges declared
             pengakhiran Akta No. 1 tanggal 1 Mei 2009                     the termination of the Deed No. 1 dated
             layak untuk dikabulkan.                                       May 1, 2009 is eligible to be granted.

         Menanggapi putusan tersebut, Perusahaan                        In response to the ruling, the Company has
         telah melakukan upaya banding tanggal                          made an appeal on December 23, 2019 at the
         23 Desember 2019 pada Pengadilan Tinggi                        High Court of West Java through the
         Jawa Barat melalui Kepaniteraan Pengadilan                     Clerkship of karawang district court. The Panel
         Negeri Karawang. Majelis Hakim pada tingkat                    of Judges at the appeal level has decided the
         banding       telah     memutus     perkara                    case      No.    104/Pdt.G/2018/PN.Kwg        jo.
         No.       104/Pdt.G/2018/PN.Kwg          jo.                   No.      136/PDT/2020/PT.BDG        with     the
         No. 136/PDT/2020/PT.BDG tersebut dengan                        warning of the decision granted the Company’s
         amar putusan mengabulkan permohonan                            appeal     and    overturned    the     decision
         banding Perusahaan dan membatalkan                             No. 104/Pdt.G/2018/PN.Kwg and stated that
         putusan No. 104/Pdt.G/2018/PN.Kwg dan                          Maligi's lawsuit was unacceptable.
         menyatakan bahwa gugatan Maligi tidak dapat
         diterima.

         Adapun pertimbangan Majelis Hakim dalam                        The consideration of the Panel of Judges in
         menjatuhi putusan tersebut antara lain gugatan                 updating the ruling, among others, the lawsuit
         yang diajukan Maligi masih bersifat premature                  filed by Maligi is still premature because it is still
         karena masih terikat perjanjian dan konsinyasi                 bound by the agreement and the consignment
         yang dilakukan Maligi tidak serta merta                        made by Maligi does not necessarily eliminate
         menghapuskan perjanjian antara Perusahaan                      the agreement between the Company and
         dan Maligi tersebut.                                           Maligi.




                                                           174
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PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

45. KONTINJENSI (lanjutan)                                       45. CONTINGENCIES (continued)

    f.    Gugatan      Perjanjian Pembangunan                        f. Road Interchange Karawang Barat STA
          Simpang Susun Karawang Barat STA                              47+130 Development Agreement Lawsuit
          47+130 (lanjutan)                                             (continued)

         Pada tanggal 7 September 2020, Perusahaan                       On September 7, 2020, the Company received
         menerima Relas Pemberitahuan Permohonan                         a Notice of Cassation request submitted by
         Kasasi    yang    diajukan     Maligi   kepada                  Maligi to the Company to re-cancel the Appeal
         Perusahaan untuk kembali membatalkan                            Level Decision. In the submission of the
         Putusan Tingkat Banding. Dalam pengajuan                        cassation, Maligi also submitted a cassation
         kasasi tersebut, Maligi juga turut menyerahkan                  memory that reveals the basis of Maligi's
         memori kasasi yang mengungkapkan dasar                          objection or defense against the Appeal Level
         keberatan atau pembelaan Maligi terhadap                        Verdict. Upon the application for cassation
         Putusan Tingkat Banding. Atas permohonan                        submitted by Maligi, the Company filed a
         kasasi yang disampaikan Maligi, Perusahaan                      counter        memory       cassation        on
         mengajukan kontra memori kasasi pada tanggal                    September 18, 2020. On June 3, 2021, the
         18 September 2020. Pada tanggal 3 Juni 2021,                    Panel of Judges of the Supreme Court of the
         Majelis Hakim Mahkamah Agung RI telah                           Republic of Indonesia decided that has
         memutus perkara dengan amar mengabulkan                         accepted the Maligi cassation so the decision in
         upaya kasasi Maligi, sehingga membatalkan                       court of appeal become nullified and restoring
         putusan pada tingkat banding dan menyatakan                     the previous district court decision in the
         kembali bahwa gugatan Maligi diterima.                          process.

         Atas dasar hal tersebut, Perusahaan telah                       Based on this, the Company has submitted a
         mengajukan upaya hukum peninjauan kembali                       judicial review to the Supreme Court of the
         kepada Mahkamah Agung RI melalui                                Republic of Indonesia through Karawang
         Kepaniteraan Pengadilan Negeri Karawang                         District Court Clerk on May 30, 2022.
         pada tanggal 30 Mei 2022.

         Majelis Hakim Mahkamah Agung RI telah                           The panel of judges of the Supreme Court of the
         memutus     perkara      dengan      putusan                    Republic of Indonesia has decided the case with
         No. 1103PK/PDT/2022 yang pada pokoknya                          decision No. 1103PK/PDT/2022 which basically
         menolak permohonan PK Jasa Marga sehingga                       rejected Jasa Marga's PK application so that the
         putusan kembali pada putusan Kasasi.                            decision returned to the Cassation decision.

         Sampai dengan tanggal 31 Desember 2025,                         Until December 31, 2025, the Company is in the
         Perusahaan     dalam     proses   pengurusan                    process of administrative processing related to
         administrasi    terkait  pengambilan    uang                    the withdrawal of consignment money at the
         konsinyasi di Pengadilan Negeri Karawang.                       Karawang District Court.

    g.    Gugatan Budhi Yulianor pada Perkara                       g.   Budhi Yulianor's Lawsuit on the Flood
          Ganti Rugi Banjir                                              Compensation Case

         Pada tanggal 27 Oktober 2020, Budhi Yulianor                    On October 27, 2020, Budhi Yulianor sent a
         melayangkan somasi atas terjadinya banjir                       summons on the occurrence of flooding around
         disekitar rumahnya di daerah Rawalumbu, yang                    his house in the Rawalumbu area, which
         menurut Budhi diakibatkan tidak dirawatnya                      according to Budhi was the result of not properly
         dengan baik saluran box culvert milik Jasa                      cared for in Jasa Marga's box culvert channel,
         Marga sehingga menyebabkan tersumbat dan                        causing blockage and flooding.
         banjir.

         Atas somasi tersebut, Budhi Yulianor                            Based on the summons, Budhi Yulianor filed a
         melakukan gugatan terhadap Jasa Marga di                        lawsuit against Jasa Marga at the Bekasi District
         Pengadilan    Negeri    Bekasi   tanggal                        Court on February 4, 2021, and demanded
         4 Februari 2021, dan menuntut ganti rugi                        material compensation of Rp180 and immaterial
         materiil sebesar Rp180 dan immateriil                           Rp13,000 for the damage caused by the flood.
         Rp13.000 atas kerusakan yang diakibatkan
         oleh banjir.




                                                           175
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PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

45. KONTINJENSI (lanjutan)                                       45. CONTINGENCIES (continued)

    g.    Gugatan Budhi Yulianor pada Perkara                       g.   Budhi Yulianor's Lawsuit on the Flood
          Ganti Rugi Banjir (lanjutan)                                   Compensation Case (continued)

          Bahwa dalam proses peradilan pada tingkat                      Whereas in the judicial process at the first level
          pertama di Pengadilan Negeri Bekasi dengan                     at the Bekasi District Court with Case
          No. Perkara 25/Pdt.G/2021/PN.Bks, majelis                      No. 25/Pdt.G/2021/PN.Bks, the panel of judges
          hakim yang memeriksa perkara dimaksud                          examining the case in question decided in the
          memutuskan dalam Putusan Sela menerima                         Decision to accept Jasa Marga's exception in
          eksepsi Jasa Marga dalam kompetensi relatif                    relative competence that the Plaintiff's
          bahwa Permohonan Penggugat tidak dapat                         Application could not be examined because is
                                                                         not the jurisdiction of the Bekasi District Court
          diperiksa karena bukan merupakan Wilayah
                                                                         case but the East Jakarta District Court,
          kewenangannya perkara Pengadilan Negeri
                                                                         therefore the case cannot be continued and the
          Bekasi melainkan Pengadilan Negeri Jakarta                     costs of the proceedings can be charged to the
          Timur, oleh karena itu perkara tidak dapat                     Plaintiff.
          dilanjutkan dan biaya perkara untuk dapat
          dibebankan kepada Penggugat.

          Pada tanggal 11 April 2022 Pengadilan                          On April 11, 2022, the East Jakarta
          Negeri Jakarta Timur memutus perkara                           District       Court     ruled      on   case
          No. 355/Pdt.G/2021/PN.JKT.TIM. dengan isi                      No. 355/Pdt.G/2021/PN.JKT.TIM. with the
          putusannya     yaitu    menerima      Eksepsi                  content of the decision, namely accepting the
          Penggugat dalam Kompetensi Absolut dimana                      Plaintiff's Exception in Absolute Competence
          Pengadilan Negeri Jakarta Timur tidak memiliki                 where the East Jakarta District Court does not
          kewenangan untuk memeriksa perkara                             have the authority to examine the case as
                                                                         intended. The case in High Court due to the
          sebagaimana dimaksud. Perkara masih dalam
                                                                         plaintiff decided to appeal the verdict.
          tahap banding yang diajukan oleh Penggugat.

          Pada   20    Oktober    2023     Penggugat                     On October 20, 2023 the Plaintiff filed a
          mengajukan Kasasi, kemudian pada tanggal                       Cassation, then on December 1, 2023 the
          1 Desember 2023 Perusahaan telah                               Company has filed a counter Memory
          mengajukan kontra Memori Kasasi.                               Cassation.

          Pada awal 2023, perkara telah masuk ke tahap                   In early 2023, the case has entered the appeal
          banding dan per tertanggal 10 Maret 2023 telah                 stage and as of March 10, 2023, the case has
          diputus perkara dimaksud oleh Majelis Hakim                    been decided by the Panel of Judges of the High
          Pengadilan Tinggi yang pada intinya                            Court, which essentially strengthens the District
          menguatkan putusan Pengadilan Negeri.                          Court’s decision.

          Pada 20 Oktober 2023, Penggugat mengajukan                     On October 20, 2023 the Plaintiff filed a
          Kasasi,     kemudian      pada     tanggal                     Cassation, then on December 31, 2024 the
          31 Desember 2024 Perusahaan telah                              Company has filed a counter Memory
          mengajukan kontra Memori Kasasi.                               Cassation.

          Majelis Hakim Mahkamah Agung RI telah                          The Panel of Judges of the Supreme Court of
          memutus      perkara     dengan     putusan                    the Republic of Indonesia has decided the case
          No. 3205K/Pdt/2024 yang pada pokoknya                          with decision No. 3205K/Pdt/2024 which in
          menolak permohonan Kasasi Budhi Yulianor.                      principle rejected Budhi Yulianor's cassation
          Sampai dengan tanggal 31 Desember 2025,                        application. As of December 31, 2025, the
          Perusahaan masih menunggu relaas putusan                       Company is still waiting for the notification of the
          Kasasi pada tanggal 6 Agustus 2025.                            cassation decision on August 6, 2025.




                                                           176
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PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

45. KONTINJENSI (lanjutan)                                       45. CONTINGENCIES (continued)
    h.    Gugatan Eucharia Binti Neneng S.                          h.   Eucharia Binti Neneng S. Lawsuit
         Pada tanggal 16 November 2021, Eucharia Binti                   On November 16, 2021, Eucharia Binti Neneng
         Neneng S. menggugat Perusahaan di                               S. sued the Company at the Bandung District
         Pengadilan Negeri Bandung. Dalam kasus Ini                      Court. In this case Eucharia Binti Neneng S.
         Eucharia Binti Neneng S. melakukan klaim atas                   made a claim over part of the land owned by the
         sebagian tanah yang di miliki oleh Kementerian                  Ministry of Public Works and Public Housing at
         Pekerjaan Umum dan Perumahan Rakyat yang                        which the concession of Padalarang - Cileunyi
         diatasnya terdapat Hak Konsesi Jalan tol                        and Jakarta - Bandung high-speed railway
         Padalarang - Cileunyi dan juga terdapat proyek                  project are located. This lawsuit is the second
         pembangunan Kereta Api Cepat Jakarta -                          lawsuit with a similar subject matter which was
         Bandung. Gugatan ini merupakan gugatan                          filed   on    February     22,    2021    under
         kedua dengan pokok perkara yang serupa yang                     No.     100/Pdt.G/2021/PN.Bdg.       and    was
         sempat di ajukan pada 22 Februari 2021                          dismissed on May 21, 2021.
         dengan No. 100/Pdt.G/2021/PN.Bdg. dan
         dicabut pada 21 Mei 2021.
         Berdasarkan klaim dari Eucharia Binti Neneng                    Based on the claim of Eucharia Binti Neneng S.,
         S., sebagian tanah tersebut adalah miliknya                     part of the land belongs to him because he
         karena telah memiliki Putusan Pengadilan                        already has a Bandung District Court Decision
         Negeri Bandung dan telah dikonsinyasikan                        and has been consigned for compensation by a
         untuk dibayar uang ganti ruginya oleh pihak                     third party.
         ketiga.
         Dalam gugatan tersebut, Eucharia Binti Neneng                   In the lawsuit, Eucharia Binti Neneng S.
         S. pada intinya menggugat untuk dapat                           essentially sued to be able to disburse the
         mencairkan uang ganti kerugian yang telah                       compensation money that had been constituted
         dikonsinyasikan di Pengadilan Negeri Bandung.                   in the Bandung District Court. Specifically to the
         Khusus kepada Perusahaan, Penggugat                             Company, the Plaintiff demands to stop actions
         menuntut untuk menghentikan tindakan yang                       that are considered obstructing the process of
         dianggap menghalangi proses pencairan uang                      disbursement of consignment money as
         konsinyasi sebagaimana dimaksud.                                intended.

         Perkara ini telah diputus pada tanggal                          The case was decided on December 9, 2022
         9 Desember 2022 dengan amar putusan                             with a verdict stating that it accepted part of the
         menyatakan menerima sebagian tuntutan dari                      claim from the Plaintiff.
         Penggugat.
         Pada tanggal 24 Maret 2023, Perusahaan telah                    On March 24, 2023, the Company filed an
         memohon Kasasi di Mahkamah Agung.                               appeal for cassation with the Supreme Court.
         Sampai dengan tanggal 31 Desember 2025,                         As of December 31, 2025, the case as referred
         Perkara sebagaimana dimaksud sudah diputus                      to has been decided at the cassation level in
         dalam tingkat kasasi pada bulan Juli 2024                       July 2024 with a decision rejecting the cassation
         dengan putusan menolak Kasasi yang diajukan                     filed by the Company, but the release on the
         oleh Perusahaan, namun relaas atas putusan                      decision of the case as referred to has not been
         perkara sebagaimana dimaksud belum diterima                     received by the Company. The Company has
         oleh    Perusahaan.     Perusahaan    sudah                     coordinated regarding the cassation decision
         berkoordinasi terkait putusan Kasasi dengan                     with the Ministry of Public Works.
         Kementerian Pekerjaan Umum Republik
         Indonesia.

    i.    Gugatan PT Citra Lamtoro Gung Persada                      i. PT Citra Lamtoro Gung Persada and
          dan PT Hanurata                                               PT Hanurata Lawsuit
         Perkara ini dimulai dari adanya Rapat Umum                      This matter began with the Extraordinary
         Pemegang Saham Luar Biasa (RUPSLB)                              General Meeting of Shareholders (EGMS) of
         PT Marga Nurindo Bhakti pada awal                               PT Marga Nurindo Bhakti in early December
         Desember 2021.        Dalam RUPS tersebut                       2021. During the meeting, there was a decision
         terdapat suatu keputusan yang dimana                            regarding    the    sale    of    shares     of
         terjadinya          penjualan         saham                     PT     Marga     Strukturindo    Raya     and
         PT      Marga    Strukturindo   Raya     dan                    PT Investakusuma Artha to a third party.
         PT Investakusuma Artha kepada pihak ketiga.


                                                           177
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PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

45. KONTINJENSI (lanjutan)                                       45. CONTINGENCIES (continued)

    i.    Gugatan PT Citra Lamtoro Gung Persada                     i. PT Citra Lamtoro Gung Persada and
          dan PT Hanurata (lanjutan)                                   PT Hanurata Lawsuit (continued)
         Keputusan tersebut menurut PT Citra Lamtoro                     According to PT Citra Lamtoro Gung Persada
         Gung Persada dan PT Hanurata sebagai                            and PT Hanurata as shareholders of PT Marga
         Pemegang Saham PT Marga Nurindo Bhakti,                         Nurindo Bhakti, the decision is detrimental to
         merugikan kepentingannya karena PT Citra                        their interests because PT Citra Lamtoro Gung
         Lamtoro Gung Persada dan PT Hanurata tidak                      Persada and PT Hanurata are unable to
         dapat membeli saham yang dijual tersebut.                       purchase the shares being sold. An unlawful
         Gugatan melawan hukum atas kerugian                             lawsuit for these losses was filed at
         tersebut     diajukan     di     Pengadilan                     the South Jakarta District Court under
         Negeri     Jakarta     Selatan       dengan                     No. 1122/Pdt.G/2021/PN.Jkt.Sel.
         No. 1122/Pdt.G/2021/PN.Jkt.Sel.
         Dalam Perkara ini Para Tergugat digugat                         In this case defendants are sued to pay both
         dengan total nominal kerugian material maupun                   material and immaterial damage with total of
         imaterial senilai Rp600.000. Dalam perkara ini                  Rp600,000. Jasa Marga, in this case, is Co-
         Jasa Marga ditetapkan sebagai Turut Tergugat                    Defendant meaning its involvement in this case
         II yang artinya hanya dimasukkan dalam                          is only as fellow shareholder in PT Marga
         perkara karena sebagai sesama Pemegang                          Nurindo Bhakti and also to fullfil the needs of
         Saham pada PT Marga Nurindo Bhakti serta                        avoiding the claim being incompleteness of
         demi lengkapnya gugatan. Perkara ini telah                      parties. This verdict of this case on
         diputus pada tanggal 22 November 2022                           November 22, 2022 is the lawsuit is dismissed.
         dengan amar putusan menyatakan gugatan                          The case currently in High Court due to the
         para penggugat tidak dapat diterima.                            plaintiff decided to appeal the verdict.
         Penggugat kemudian mengajukan banding ke
         Pengadilan Tinggi.
         Pada tanggal 24 Mei 2023, hakim Pengadilan                      On May 24, 2023, the High Court judge issued
         Tinggi menjatuhkan putusan dengan amar                          a decision affirming the District Court's decision.
         menguatkan putusan Pengadilan Negeri.
         Selanjutnya, Pembanding (semula Penggugat)                      Furthermore, the Appellant (originally the
         mengajukan Kasasi dan sudah diputus dengan                      Plaintiff) filed a cassation and it has been
         Putusan No. 2935 K/PDT/2024 yang amar                           decided with Decision No. 2935 K/PDT/2024
         putusannya Menolak Permohonan Kasasi.                           whose decision was to Reject the Cassation
         Sampai    tanggal   31   Desember     2025,                     Application. As of December 31, 2025,
         Perusahaan     belum    menerima     relaas                     the Company has not received a release of
         pemberitahuan Putusan Kasasi.                                   notification of the Cassation Decision.

    j.    Gugatan Bram Winata di PN Purwakarta                      j.   Bram Winata’s Lawsuit in PN Purwakarta
         Gugatan No. 16/Pdt.G/2024/PN pada tanggal                       Lawsuit No. 16/Pdt.G/2024/PN on April 16,
         16 April 2024 diajukan karena Penggugat                         2024, was filed because the Plaintiff claimed to
         mengklaim mempunyai tanah yang sebahagian                       own land, part of which has been used as the
         telah dipergunakan sebagai gerbang tol                          Darangdan toll gate on the Purbaleunyi toll road
         Darangdan pada ruas jalan tol Purbaleunyi,                      section, but has not received compensation.
         namun belum mendapat ganti untung.
         Berdasarkan dari data yang dimiliki oleh RO 3                   Based on data held by RO 3 Regional
         Regional Metropolitan Tollroad Division bahwa                   Metropolitan Tollroad Division, the land of the
         tanah gerbang tol yang diklaim sebagai milik                    toll gate claimed as owned by the plaintiff is
         penggugat     terdapat   hak    pakai     milik                 under the ownership rights of the Ministry of
         Kementerian     PUPR     sehingga     terdapat                  Public Works and Public Housing (PUPR),
         sengketa kepemilikan atas tanah dimaksud.                       resulting in a dispute over the ownership of the
         Perkara sudah diputus oleh Pengadilan Negeri                    said land. The case has been decided by the
         Purwakarta dengan gugatan Penggugat tidak                       Purwakarta District Court with a ruling that the
         dapat diterima. Penggugat mengajukan                            plaintiff's lawsuit cannot be accepted. The
         banding atas putusan tersebut ke Pengadilan                     plaintiff lodged an appeal against this decision
         Tinggi Bandung. Pada 4 Maret 2025,                              to the Bandung High Court. On March 4, 2025,
         Pengadilan Tinggi Bandung telah memutus                         the Bandung High Court ruled on this case,
         perkara ini dengan amar putusan menguatkan                      upholding the decision of the Purwakarta
         Putusan Pengadilan Negeri Purwakarta.                           District Court.


                                                           178
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PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                         As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

45. KONTINJENSI (lanjutan)                                       45. CONTINGENCIES (continued)

    j.    Gugatan Bram Winata di PN Purwakarta                      j.    Bram Winata’s Lawsuit in PN Purwakarta
          (lanjutan)                                                     (continued)

         Sampai dengan tanggal 31 Desember 2025,                         As of December 31, 2025, there has been no
         tidak terdapat pengajuan upaya hukum Kasasi                     submission of a cassation appeal from Bram
         dari Bram Winata selaku Penggugat/                              Winata as the Plaintiff/Appellant regarding the
         Pembanding atas perkara tersebut dan dengan                     case and with the expiration of the cassation
         lewatnya jangka waktu pengajuan Kasasi, maka                    submission period, the court decision on the
         putusan pengadilan atas perkara terkait sudah                   related case has permanent legal force.
         berkekuatan hukum tetap.

    k.    Gugatan Abdul Kadir Al Jufri                              k.    Abdul Kadir Al Jufri’s Lawsuit

         Berdasarkan Gugatan No.190/Pdt.G/2025/PN                        Based on Lawsuit No.190/Pdt.G/2025/PN
         Jkt.Pst. tanggal 18 Maret 2025, Abdul Kadir Al                  Jkt.Pst. dated March 18, 2025, Abdul Kadir Al
         Jufri (Penggugat) menggugat Ny. Acintya                         Jufri (Plaintiff) filed a lawsuit against
         Anggita Devi (”Tergugat I”), Ny. Khong                          Mrs. Acintya Anggita Devi ("Defendant I"),
         Mellani Setiadi (”Tergugat II”), Syech Rami                     Mrs. Khong Mellani Setiadi ("Defendant II"),
         (”Tergugat    III”),   Ny.    Munyati   Sullam                  Syech Rami ("Defendant III"), Mrs. Munyati
         (”Turut Tergugat I”), PT Jasa Marga (Persero)                   Sullam ("Co-Defendant I"), PT Jasa Marga
         Tbk (”Turut Tergugat II”), Ny. Rosita Rianauli                  (Persero) Tbk ("Co-Defendant II"), Mrs. Rosita
         Sianipar (”Turut Tergugat III”), dan Pemerintah                 Rianauli Sianipar ("Co-Defendant III"), and
         Republik Indonesia Cq. Kementerian PUPR                         the Government of the Republic of Indonesia
         (”Turut Tergugat IV”).                                          c.q. Ministry of Public Works and Public Housing
                                                                         ("Co-Defendant IV").

         Penggugat adalah ahli waris dari Alm.Abdullah                   The plaintiff is the heir of the late Abdullah Jupri
         Jufri yang memiliki tanah seluas 3.015 m 2                      who owns 3,015 m2 of land based on a legally
         berdasarkan Putusan Pengadilan yang telah                       binding Court Decision. The land is part of SHM
         berkekuatan hukum tetap. Tanah tersebut                         No. 911/Bintaro owned by Ahmad Prapto
         merupakan bagian dari SHM No. 911/Bintaro                       Wahjono (Parent of Defendant I) which was not
         milik Ahmad Prapto Wahjono (Orang Tua                           released during the land acquisition for the
         Tergugat I) yang tidak dibebaskan pada saat                     construction of the Jakarta-Serpong toll road,
         pembebasan      lahan    untuk    kepentingan                   Ulujami-Pondok Aren Section.
         pembangunan jalan tol Jakarta – Serpong,
         Ruas Ulujami – Pondok Aren.

         Dalam gugatannya, Penggugat menyampaikan                        In his lawsuit, the Plaintiff stated that Defendant
         bahwa Tergugat I (ahli waris Ahmad Prapto                       I (the heir of Ahmad Prapto Wahjono) had
         Wahjono) telah berusaha menjual tanah yang                      attempted to sell land that was not his (including
         bukan miliknya (termasuk Tanah milik                            the Plaintiff's land) to Defendant III with the
         Penggugat) kepada Tergugat III dengan                           assistance of Defendant II. This act has harmed
         bantuan Tergugat II. Perbuatan ini telah                        the Plaintiff so that the Plaintiff in his petitum,
         merugikan Penggugat sehingga Penggugat                          asked the Panel of Judges to:
         pada petitumnya, meminta Majelis Hakim untuk:

         1. Menyatakan Akta Pengikatan Jual Beli, Akta                   1. Declare the Deed of Sale and Purchase
            Kuasa Menjual, dan Akta Kesepakatan                             Agreement, Deed of Power of Attorney to
            Bersama yang berkaitan dengan penjualan                         Sell, and Deed of Joint Agreement relating
            tanah terkait batal demi hukum;                                 to the sale of the land in question null and
                                                                            void;

         2. Menghukum Tergugat I, II, dan III                            2. Order Defendants I, II, and III to pay
            secara tanggung renteng membayar ganti                          compensation to the Plaintiff in the amount
            rugi    kepada     Penggugat  sebesar                           of Rp11,155,500,000,-;
            Rp11.155.500.000,-;

         3. Menghukum Tergugat III atau siapa saja                       3. Order Defendant III or anyone who holds or
            yang memegang atau menyimpan SHM                                stores SHM No. 911/Bintaro to hand it over
            No. 911/Bintaro untuk menyerahkan kepada                        to Co-Defendant IV;
            Turut tergugat IV;

                                                           179
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PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                         For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                             As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

45. KONTINJENSI (lanjutan)                                           45. CONTINGENCIES (continued)

    k.    Gugatan Abdul Kadir Al Jufri (lanjutan)                       k. Abdul Kadir Al Jufri’s Lawsuit (continued)

         4. Menghukum Turut Tergugat I, II, III, dan IV                      4. Order Co-Defendants I, II, III, and IV to
            untuk tunduk pada isi putusan dalam                                 submit to the contents of the decision in this
            perkara ini.                                                        case.
         Sampai dengan 31 Desember 2025, perkara                             As of December 31, 2025, the case is still in the
         masih dalam proses persidangan di Pengadilan                        trial process at the Central Jakarta District
         Negeri Jakarta Pusat.                                               Court.

    l.    Gugatan Yani Susilawati                                       l.    Yani Susilawati’s Lawsuit

         Yani Susilawati (Penggugat) menggugat                               Yani Susilawati (Plaintiff) sued the Company
         Perusahaan (Tergugat) di Pengadilan Negeri                          (Defendant) in the Purwakarta District Court to
         Purwakarta untuk meminta ganti kerugian atas                        claim compensation for land allegedly owned by
         tanah yang diklaim sebagai milik Penggugat                          the Plaintiff based on SHM No. 01820 in the
         berdasarkan SHM No. 01820 atas nama Yani                            name of Yani Susilawati with a land area of
         Susilawati dengan luasan tanah 4.197 m2 dan                         4,197 m2 and SHM No. 00727 in the name of
         SHM No. 00727 atas nama Yani Susilawati                             Yani Susilawati with a land area of 2,026 m2.
         dengan luasan tanah 2.026 m2.

         Pada gugatannya, Penggugat mendalilkan                              In her claim, the Plaintiff asserts that she has
         telah memperoleh informasi bahwa tanah milik                        obtained information indicating that on her land
         Penggugat dengan luasan 4.197 m2 telah                              measuring 4,197 m², four (4) water drainage
         terbangun di atasnya 4 (empat) buah saluran air                     channels supporting the toll road have been
         penyangga jalan tol dan tanah milik Penggugat                       constructed, and that her land measuring
         dengan luasan 2.026 m2 telah terkena                                2,026 m² has been affected by the expansion of
         perluasan Gerbang Tol Darangdan. Penggugat                          the Darangdan Toll Gate. The Plaintiff contends
         mendalilkan kedua pembangunan tersebut                              that both constructions were carried out by the
         merupakan perbuatan Tergugat tanpa terlebih                         Defendant without prior compensation or
         dahulu melakukan ganti kerugian atau jual beli                      purchase of the two parcels of land.
         atas kedua bidang tanah tersebut.

         Untuk itu,       Penggugat      pada     petitumnya                 Accordingly, in her statement of claim (petitum),
         menuntut:                                                           the Plaintiff demands the Court to:
          1. Menyatakan sah SHM No. 01820 atas                               1. Declaring valid SHM No. 01820 in the name
             nama Yani Susilawati dan SHM No. 00727                             of Yani Susilawati and SHM No. 00727 in the
             atas nama Yani Susilawati;                                         name of Yani Susilawati;
         2. Pengembalian tanah milik Penggugat                               2.   Order the restitution of the Plaintiff’s land to
            kepada Penggugat yang telah digunakan                                 the Plaintiff, which has been utilized by the
            oleh Tergugat untuk pembuatan saluran air                             Defendant for the construction of four (4) toll
            penyangga jalan tol sebanyak 4 (empat)                                road drainage channels and the expansion
            bidang dan perluasan gerbang tol                                      of the Darangdan toll gate, together with all
            Darangdan beserta akibat-akibat hukum                                 legal consequences arising from the
            yang timbul atas tindakan Tergugat                                    Defendant’s actions in this case; or, at the
            dalam perkara ini, atau setidak-tidaknya                              very least, order the Defendant to
            mengganti kerugian sebesar Rp3.000.000,                               compensate the Plaintiff at the rate of
            (tiga juta rupiah) per meter persegi kepada                           Rp3,000,000 (three million Rupiah) per
            Penggugat.                                                            square meter.

         Pada tanggal 16 September 2025, Penggugat                           On September 16, 2025, the Plaintiff submitted
         mengajukan      permohonan       pencabutan                         an application for withdrawal of the lawsuit,
         gugatan dan disetujui oleh Para Pihak                               which was approved by both Parties and the
         dan Majelis Hakim.        Melalui putusan                           Panel     of   Judges.     Through     Decision
         No.28.Pdt.G/2025/PN.Pwk              tanggal                        No.      28/Pdt.G/2025/PN       Pwk       dated
         25    September    2025,   Majelis    Hakim                         September 25, 2025, the Panel of Judges
         menjatuhkan     putusan    dengan       amar                        rendered      a     ruling     granting     the
         mengabulkan permohonan pencabutan Perkara                           application for withdrawal of Civil Case
         Gugatan No. 28/Pdt.G/2025/PN Pwk. Bahwa                             No.     28/Pdt.G/2025/PN      Pwk.     As     of
         per 31 Desember 2025 perkara telah selesai.                         December 31, 2025, the case has been settled.


                                                               180
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PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                         For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                             As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

45. KONTINJENSI (lanjutan)                                           45. CONTINGENCIES (continued)
    m. Gugatan Dr. Yoeswar                                              m.       Dr. Yoeswar’s Lawsuit

         Dr. Yoeswar Darisan (Penggugat) menggugat                           Dr. Yoeswar Darisan (Plaintiff) sued the
         Perusahaan (Tergugat) di Pengadilan Negeri                          Company (Defendant) in the Bogor District
         Bogor untuk meminta ganti kerugian atas                             Court to claim compensation for the Defendant's
         perbuatan Tergugat yang telah memasang                              act of installing a concrete fence on land owned
         pagar beton pada tanah milik Penggugat                              by the Plaintiff based on the ownership
         berdasarkan   bukti    kepemilikan   SHM                            certificate SHM No. 792/Cimahpar with a land
         No. 792/Cimahpar dengan luasan tanah                                area of 405 m².
         405 m2.
         Penggugat mendalilkan bahwa telah membeli                           The Plaintiff asserts that he purchased the land
         tanah tersebut pada tahun 2004 dan                                  in 2004, has since utilized it for plantation
         memanfaatkan    tanah    tersebut   untuk                           purposes, and has duly paid annual land taxes.
         perkebunan serta melakukan pembayaran
         pajak tahunan.

         Untuk itu,       Penggugat      pada     petitumnya                 Accordingly, in her statement of claim (petitum),
         menuntut:                                                           the Plaintiff demands the Court to:

          1. Menyatakan Penggugat sebagai pemilik                            1. Declaring the Plaintiff as the lawful and
             sah dan mengikat secara hukum atas tanah                           legally binding owner of a 405 m2 plot of land
             seluas 405 m2 berdasarkan SHM                                      based on SHM No. 792/Cimahpar in the
             No. 792/Cimahpar atas nama Dokter                                  name of Doctor Yoeswar Darisan;
             Yoeswar Darisan;
          2. Menghukum Tergugat mengganti kerugian                           2. Order the Defendant to immediately and
             secara tunai seketika / sekaligus kepada                           simultaneously pay compensation to the
             Penggugat berupa:                                                  Plaintiff in the amount of:
              i. Kerugian       Materiil        sebesar                         i. Material damages of Rp1,000,000,000
                 Rp1.000.000.000, (satu miliar Rupiah);                             (one billion Rupiah); and
                 dan
             ii. Kerugian      Immateriil       sebesar                           ii. Immaterial         damages             of
                 Rp5.000.000.000, (lima miliar Rupiah).                               Rp5,000,000,000 (five billion Rupiah).

         Sampai dengan tanggal 31 Desember 2025,                             As of December 31, 2025, the case remains
         perkara masih dalam proses persidangan di                           under examination at the Bogor District Court.
         Pengadilan Negeri Bogor.

    n.    Gugatan Sariyati Puspita Dewi, Dkk.                           n. Sariyati Puspita Dewi, Dkk.’s Lawsuit

         Sariyati Puspita Dewi, Dahlia Yati Amelia, dan                      Sariyati Puspita Dewi, Dahlia Yati Amelia, and
         Fitri Rahmawati (Ahli Waris a.n. Kodir, yang                        Fitri Rahmawati (the heirs of Kodir, who is
         diklaim sebagai pemilik sah Tanah Obyek                             claimed as the lawful owner of the Disputed
         Perkara) (“Penggugat”) menggugat:                                   Land) (the “Plaintiffs”) filed a lawsuit against:
         - Tergugat I: Siti Sriyati Mutiah                                   - Defendant I: Siti Sriyati Mutiah
         - Tergugat II: Fahmi Darmawansyah                                   - Defendant II: Fahmi Darmawansyah
         - Tergugat III: PT Pandu Wira Bumi                                  - Defendant III: PT Pandu Wira Bumi

         Sebagai Para Pihak yang memiliki klaim                              As the parties asserting ownership claims over
         kepemilikan atas Tanah Obyek Perkara                                the   Disputed     Land    (collectively,  the
         (“Tergugat”), dan Pihak Turut Tergugat yaitu:                       “Defendants”), and named the following parties
                                                                             as Co-Defendants:

          -   Turut Tergugat I: Kepala Kantor Pertanahan                     -    Co-Defendant I: Head of the Bekasi
              Kabupaten Bekasi Cq. Panitia Pengadaan                              Regency Land Office c.q. the Land
              Tanah (P2T) Jalan Tol Jakarta - Cikampek                            Acquisition Committee (P2T) for the
              II Sisi Selatan                                                     Jakarta–Cikampek II South Side Toll Road
          -   Turut Tergugat II: Kementerian Pekerjaan                       -    Co-Defendant II: Ministry of Public Works
              Umum dan Penataan Ruang (PUPR) c.q.                                 and Public Housing (PUPR) c.q. the Land
              Pejabat Pembuat Komite Pengadaan                                    Acquisition Commitment Making Officer for
              Tanah Jalan Tol Japek II Sisi Selatan                               the Jakarta–Cikampek II South Side Toll
                                                                                  Road

                                                               181
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PT JASA MARGA (PERSERO) Tbk                                                            PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                            For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                   (Expressed in millions of Rupiah, unless otherwise stated)

45. KONTINJENSI (lanjutan)                                              45. CONTINGENCIES (continued)

    n.    Gugatan Sariyati         Puspita      Dewi,      Dkk.            n. Sariyati Puspita Dewi, Dkk.’s Lawsuit
          (lanjutan)                                                          (continued)

          -   Turut Tergugat III: PT Jasa Marga (Persero)                      -   Co-Defendant III: PT Jasa Marga (Persero)
              Tbk                                                                  Tbk
          -   Turut Tergugat IV: Kepala Desa Tamansari,                        -   Co-Defendant IV: Head of Tamansari
              Kecamatan Setu, Kabupaten Bekasi                                     Village, Setu District, Bekasi Regency
          -   Turut Tergugat V: Kepala Desa Ciledug,                           -   Co-Defendant V: Head of Ciledug Village,
              Kecamatan Setu, Kabupaten Bekasi                                     Setu District, Bekasi Regency

         di hadapan Pengadilan Negeri Cikarang atas                            before the Cikarang District Court, in a civil
         Perkara Gugatan Perbuatan Melawan Hukum                               action for Unlawful Act (Perbuatan Melawan
         dengan No. Perkara 365/Pdt.G/2025/PN Ckr, di                          Hukum)       registered      under      Case
         mana PT Jasa Marga (Persero) Tbk                                      No. 365/Pdt.G/2025/PN Ckr, in which PT Jasa
         (“Perusahaan”) terlibat sebagai tergugat                              Marga (Persero) Tbk is involved as a
         bersama (“Perusahaan”).                                               co-defendant (“the Company”).

         Para Penggugat merupakan ahli waris sah                               The Plaintiffs are the legitimate heirs of Kodir,
         Kodir, pemegang Sertifikat        Hak Milik                           the holder of the Freehold Title Certificate No.
         No. 03031/Tamansari Tahun 1997 atas tanah                             03031/Tamansari Year 1997 for a plot of land
         seluas 3.660 m² di Desa Tamansari, Kecamatan                          measuring 3,660 m² in Tamansari Village, Setu
         Setu, Kabupaten Bekasi. Status ahli waris                             Subdistrict, Bekasi Regency. The heir status is
         dibuktikan dengan Surat Pernyataan Ahli Waris                         proven by the Heir Statement Letter of 2024 and
         tahun 2024 serta Surat Keterangan Kepala                              the Certificates from the Heads of Tamansari
         Desa Tamansari dan Desa Ciledug pada bulan                            Village and Ciledug Village in November 2025.
         November 2025.

         Sebagian tanah seluas 3.089 m² (bidang tanah                          A portion of the land measuring 3,089 m² (land
         NIS 285, Desa Ciledug) terkena pengadaan                              parcel NIS 285, Ciledug Village) was affected by
         tanah untuk Pembangunan Jalan Tol Jakarta–                            land acquisition for the development of the
         Cikampek II Sisi Selatan. Karena terdapat klaim                       Jakarta–Cikampek II South Side Toll Road. Due
         kepemilikan dari tiga pihak, PPK Pengadaan                            to competing ownership claims asserted by
         Tanah menitipkan uang ganti kerugian sebesar                          three parties, the Land Acquisition Commitment
         Rp1.025.429.990 ke Pengadilan Negeri                                  Making Officer deposited compensation
         Cikarang sebagai konsinyasi berdasarkan                               funds in the amount of Rp1,025,429,990
         Penetapan No. 37/Pdt.PKons/2025/PN Ckr                                with the Cikarang District Court as a
         tanggal 21 Oktober 2025.                                              consignation, pursuant to Court Order
                                                                               No. 37/Pdt.PKons/2025/PN Ckr dated 21
                                                                               October 2025.

         Para Penggugat dengan Tergugat I dan                                  The Plaintiffs and Defendant I and Defendant II
         Tergugat II telah menyelesaikan sengketa                              have resolved their dispute through a Deed of
         melalui Akta Perdamaian No. 1 tanggal                                 Settlement No. 1 dated 1 December 2025,
         01 Desember 2025, yang mengakui tanah                                 which acknowledges that land parcel NIS 285
         NIS 285 seluas 3.089 m² sebagai milik Para                            with an area of 3,089 m² is lawfully owned by
         Penggugat. Namun Para Tergugat lainnya tetap                          the Plaintiffs. However, the remaining
         mengklaim tanpa alasan hak yang sah,                                  Defendants continue to assert ownership claims
         sehingga Para Penggugat mengajukan gugatan                            without valid legal basis. Accordingly, the
         ke Pengadilan Negeri Cikarang untuk                                   Plaintiffs filed the present action before the
         penegasan hak, pengesahan akta perdamaian,                            Cikarang District Court seeking confirmation of
         dan pernyataan perbuatan melawan hukum.                               title, judicial validation of the deed of settlement,
                                                                               and a declaration that the Defendants’ actions
                                                                               constitute an unlawful act.

         Sampai dengan tanggal 31 Desember 2025,                               As of December 31, 2025, the case remains
         perkara masih dalam proses persidangan di                             under examination at the Cikarang District
         Pengadilan Negeri Cikarang.                                           Court.




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DAN ENTITAS ANAK                                                                                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                        FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                                                        For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                                            As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                               (Expressed in millions of Rupiah, unless otherwise stated)

46. SEGMEN OPERASI                                                                                                46. OPERATING SEGMENTS

     Kelompok Usaha dikelola dan dikelompokkan dalam                                                                  The Group is managed and categorized into
     segmen usaha yang terdiri dari beberapa lini usaha;                                                              business segments consisting of several lines of
     usaha jalan tol, pengoperasian jalan tol,                                                                        business; toll road business, toll road operation, toll
     pemeliharaan jalan tol, dan bisnis lainnya terkait                                                               road maintenance, and other toll road-related
     jalan tol, sebagai berikut:                                                                                      businesses, as follows:
                                                                                                                                                   2025
                                                                                  Usaha Jalan Tol/ Tollroad Business
                                                                                                                                     Pengoperasian/         Pemeliharaan/            Bisnis Terkait/       Eliminasi/       Konsolidasian/
                                                                              Induk/            Anak/            Subtotal/
                                                                                                                                       Operation             Maintenance            Related Business      Elimination        Consolidated
                                                                              Parent         Subsidiary          Subtotal
      Pendapatan/ Revenues
        Pendapatan Tol dan Usaha Lainnya/ Toll and Other Operating Revenues     7.282.390          10.971.471        18.253.861           2.327.287              1.404.944                1.043.358          (3.218.226)        19.811.224
        Pendapatan Konstruksi/ Construction Revenues                                     -         10.079.023        10.079.023                    -                      -                        -                  -         10.079.023
        Pendapatan Entitas/ Total Revenues                                      7.282.390          21.050.494        28.332.884           2.327.287              1.404.944                1.043.358          (3.218.226)        29.890.247
      Beban Pendapatan/ Cost of Revenues
       Beban Tol dan Usaha Lainnya/ Toll and Other Operating Expense           (3.171.757)         (4.115.430)        (7.287.187)         (1.750.004)           (1.005.254)                 (901.467)         2.861.795           (8.082.117)
       Beban Konstruksi/ Construction Expenses                                           -        (10.021.420)      (10.021.420)                    -                     -                         -                  -        (10.021.420)
       Laba Bruto/ Gross profit                                                 4.110.633           6.913.644        11.024.277              577.283               399.690                   141.891           (356.431)         11.786.710

        Penghasilan Lain - lain/ Other Income                                     94.500              47.826           142.326               19.955                 49.987                   63.903             (25.230)           250.941
        (Penghasilan) Keuangan / Financial Income                                348.604             213.828           562.432               23.543                 32.581                    3.592            (325.507)           296.641
        Beban Pajak atas Penghasilan Keuangan/
          Tax Expense of Financial Income                                          (4.275)            (37.135)          (41.410)              (4.709)               (6.516)                     (708)                   -           (53.343)
        Beban Umum dan Administrasi/
          General and Administrative Expenses                                  (1.782.087)           (449.594)       (2.231.681)            (104.123)             (152.931)                  (74.954)            81.353          (2.482.336)
        Beban Lain - lain/ Other Expenses                                           (5.340)            (24.455)          (29.795)             (67.679)               (7.633)                 (63.159)            16.111            (152.155)
        Laba Usaha/ Profit on operations                                        2.762.035           6.664.114         9.426.149              444.270               315.178                    70.565           (609.704)          9.646.458

      Laba Rugi/ Profit and Loss
        Biaya Keuangan/ Finance Charges                                          (373.359)         (3.548.171)       (3.921.530)              (8.616)               (2.012)                   (3.711)           332.000          (3.603.869)
        Bagian Laba-Rugi atas Entitas Asosiasi/
          Net Equity on Associates                                              2.095.061            204.195          2.299.256                     -                       -                      -         (1.988.023)           311.233
        Laba (Rugi) Sebelum Pajak Penghasilan/
          Profit (Loss) Before Income Tax                                       4.483.737           3.320.138         7.803.875              435.654               313.166                   66.854          (2.265.727)          6.353.822
      Beban Pajak Penghasilan/ Income Tax                                        (547.856)           (853.199)       (1.401.055)            (127.515)                (9.912)                  (8.336)                 -          (1.546.818)
      Laba Tahun Berjalan/ Income for the Year                                  3.935.881           2.466.939         6.402.820              308.139               303.254                   58.518          (2.265.727)          4.807.004


      Aset Segmen Dilaporkan/ Segment Assets                                  54.489.512          144.186.099       198.675.611           1.641.439              2.853.050                2.449.154         (45.623.970)       159.995.284


      Liabilitas Segmen Dilaporkan/ Segment Liabilities                       12.360.279           88.269.449       100.629.728             924.083              2.059.367                  612.487          (6.592.098)        97.633.567



                                                                                                                                                        2024
                                                                                   Usaha Jalan Tol/ Tollroad Business                 Pengoperasian/        Pemeliharaan/            Bisnis Terkait/       Eliminasi/       Konsolidasian/
                                                                               Induk/            Anak/            Subtotal/
                                                                                                                                        Operation            Maintenance            Related Business      Elimination        Consolidated
                                                                               Parent         Subsidiary          Subtotal
      Pendapatan/ Revenues
        Pendapatan Tol dan Usaha Lainnya/ Toll and Other Operating Revenues       7.202.723         10.139.102        17.341.825            2.142.978             1.014.748                  957.674          (2.723.081)        18.734.144
        Pendapatan Konstruksi/ Construction Revenues                                      -         13.021.772        13.021.772                    -                     -                        -                   -         13.021.772
        Pendapatan Entitas/ Total Revenues                                        7.202.723         23.160.874        30.363.597            2.142.978             1.014.748                  957.674          (2.723.081)        31.755.916

      Beban Pendapatan/ Cost of Revenues
       Beban Tol dan Usaha Lainnya/ Toll and Other Operating Expense             (3.008.941)         (3.698.942)      (6.707.883)          (1.670.004)             (690.377)                (850.978)         2.424.105          (7.495.137)
       Beban Konstruksi/ Construction Expenses                                            -         (12.949.812)     (12.949.812)                   -                     -                        -                  -         (12.949.812)
        Laba Bruto/ Gross profit                                                  4.193.782          6.512.120        10.705.902             472.974                324.371                  106.696           (298.976)         11.310.967
        Penghasilan Lain - lain/ Other Income                                       36.852             153.760           190.612               39.427                41.897                      633            (11.622)            260.947
        (Penghasilan) Keuangan / Financial Income                                  314.497             161.603           476.100               26.310                22.459                    9.373           (266.595)            267.647
        Beban Pajak atas Penghasilan Keuangan/
          Tax Expense of Financial Income                                            (9.160)            (26.981)          (36.141)             (5.262)               (4.492)                  (1.864)                   -           (47.759)
        Beban Umum dan Administrasi/
          General and Administrative Expenses                                    (1.674.779)           (429.182)       (2.103.961)           (102.623)             (130.053)                 (79.357)            81.579          (2.334.415)
        Beban Lain - lain/ Other Expenses                                           (54.801)            (31.644)          (86.445)            (70.652)               (9.781)                 (11.818)            10.410            (168.286)
        Kerugian dari Nilai Wajar Investasi Jangka Pendek/
          Loss on Fair Value of Short-term Investments                                        -        (144.002)        (144.002)                       -                       -                     -                 -          (144.002)
        Keuntungan dari Nilai Wajar Kombinasi Bisnis Bertahap/
          Gain from Fair Value of Stepwise Business Combination                               -        185.457           185.457                        -                       -                     -             950             186.407
        Keuntungan Pembelian dengan Diskon/
          Gain on bargain purchase                                                            -        176.271           176.271                        -                       -                     -                 -           176.271
        Laba Usaha/ Profit on operations                                          2.806.391          6.557.402         9.363.793             360.174                244.401                   23.663           (484.254)          9.507.777

      Laba Rugi/ Profit and Loss
        Biaya Keuangan/ Finance Charges                                            (881.861)         (3.405.168)       (4.287.029)             (5.901)               (1.420)                  (3.137)           271.150          (4.026.337)
        Bagian Laba-Rugi atas Entitas Asosiasi/
          Net Equity on Associates                                                3.281.846            184.470         3.466.316                        -                       -                     -       (3.184.471)           281.845
        Laba (Rugi) Sebelum Pajak Penghasilan/
          Profit (Loss) Before Income Tax                                         5.206.376          3.336.704         8.543.080             354.273                242.981                   20.526          (3.397.575)         5.763.285
      Beban Pajak Penghasilan/ Income Tax                                          (461.265)           414.436           (46.829)            (98.160)                (9.852)                   (2.740)               (69)          (157.650)
      Laba Tahun Berjalan/ Income for the Year                                    4.745.111          3.751.140         8.496.251             256.113                233.129                   17.786          (3.397.644)         5.605.635

      Aset Segmen Dilaporkan/ Segment Assets                                    49.802.516         133.220.223       183.022.739            1.565.081             2.336.181                2.411.058         (40.618.539)      148.716.520


      Liabilitas Segmen Dilaporkan/ Segment Liabilities                         10.155.418          82.120.769        92.276.187             854.469              1.634.297                  632.439          (5.514.113)        89.883.279




47. MANAJEMEN RISIKO KEUANGAN                                                                                     47. FINANCIAL RISK MANAGEMENT

     Bisnis Kelompok Usaha mencakup aktivitas                                                                         The business of the Group includes risks - taking
     pengambilan risiko dengan sasaran tertentu dengan                                                                activities with certain target by professional
     pengelolaan yang profesional. Fungsi utama dari                                                                  management. The main function of the risk
     manajemen risiko Kelompok Usaha adalah untuk                                                                     management of the Group is to identify all key risks,
     mengidentifikasi seluruh risiko kunci, mengukur                                                                  to measure these risks and manage risk positions.
     risiko-risiko ini dan mengelola posisi risiko.



                                                                                                  183
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PT JASA MARGA (PERSERO) Tbk                                                                  PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                        AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                              For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                  As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                     (Expressed in millions of Rupiah, unless otherwise stated)

47. MANAJEMEN RISIKO KEUANGAN (lanjutan)                                47. FINANCIAL RISK MANAGEMENT (continued)

     Kelompok Usaha mendefinisikan risiko keuangan                          The Group defines financial risk as the possibility of
     sebagai kemungkinan kerugian atau laba yang                            loss or lost profit, caused by internal factors as well
     hilang, yang disebabkan oleh faktor internal maupun                    as external factors that may potentially have
     faktor eksternal yang berpotensi negatif terhadap                      negative impact on achievement of The Group
     pencapaian tujuan Kelompok Usaha.                                      goals.

     Tujuan Kelompok Usaha dalam mengelola risiko                           The purpose of the Group in managing financial
     keuangan adalah untuk mencapai keseimbangan                            risks is to achieve an appropriate balance between
     yang sesuai antara risiko dan tingkat pengembalian                     risks and returns and minimize potential adverse
     serta meminimalisasi potensi efek memburuknya                          effects of the financial performance of the Group.
     kinerja keuangan Kelompok Usaha.

     Risiko keuangan utama yang dihadapi Kelompok                           The main financial risks of the Group are credit risk,
     Usaha adalah risiko kredit, suku bunga, likuiditas,                    interest rate risk, liquidity risk, foreign currency
     nilai tukar mata uang asing dan kondisi ekonomi dan                    exchange rates and, social - economic and political
     sosial politik. Perhatian atas pengelolaan risiko ini                  conditions. Attention to this risk management has
     telah meningkat secara signifikan dengan                               increased significantly by considering changes and
     mempertimbangkan perubahan dan volatilitas pasar                       financial market volatility in Indonesia and
     keuangan di Indonesia dan internasional.                               internationally.

     a.   Risiko Kredit                                                     a. Credit Risk

          Risiko kredit adalah risiko dimana salah satu                              Credit risk is the risk that one party of a financial
          pihak dari instrumen keuangan akan gagal                                   instrument will fail to met its obligations and
          memenuhi kewajibannya dan menyebabkan                                      cause the other party to suffer financial losses.
          pihak lain mengalami kerugian keuangan.

          Instrumen keuangan Kelompok Usaha yang                                     The Group’s financial instruments that have the
          mempunyai potensi atas risiko kredit terdiri dari                          potential for credit risk consist of cash and cash
          kas dan setara kas, piutang lain dan investasi                             equivalents, other receivables and certain
          tertentu. Jumlah eksposur risiko kredit                                    investments. Total maximum credit risk
          maksimum sama dengan nilai tercatat atas                                   exposure equal to the carrying value of these
          akun-akun tersebut.                                                        accounts.

                                                                        2025
                                                 0 - 1 Tahun/       > 1 Tahun/           Nilai Tercatat/
                                                  Year 0 - 1        > 1 Years           Carrying Amount
           Kas dan Setara Kas                         6.750.913                  -              6.750.913         Cash and cash equivalents
           Piutang Lain-lain                                                                                             Other Receivables
             Lancar - Bersih                                                                                                 Current - Net
                Pihak Berelasi                         542.175                   -               542.175                Related Parties
                Pihak Ketiga                           856.065                   -               856.065                   Third Parties
             Tidak Lancar                                                                                                     Non-Current
                Pihak Berelasi                               -           341.071                 341.071                Related Parties
           Investasi Jangka Pendek                      24.458                 -                  24.458             Short-term Investments
           Aset Keuangan Lainnya                             -           246.587                 246.587              Other financial assets
           Dana Dibatasi Penggunaannya                 518.346           401.671                 920.017                    Restricted funds
           Total                                     8.691.957           989.329                9.681.286                             Total

                                                                        2024
                                                 0 - 1 Tahun/       > 1 Tahun/           Nilai Tercatat/
                                                  Year 0 - 1        > 1 Years           Carrying Amount
           Kas dan Setara Kas                         5.123.252                  -              5.123.252         Cash and cash equivalents
           Piutang Lain-lain                                                                                             Other Receivables
             Lancar - Bersih                                                                                                 Current - Net
                Pihak Berelasi                         350.154                   -               350.154                Related Parties
                Pihak Ketiga                           820.213                   -               820.213                   Third Parties
             Tidak Lancar                                                                                                     Non-Current
                Pihak Berelasi                               -           312.946                 312.946                Related Parties
           Investasi jangka pendek                      22.791                 -                  22.791             Short-term investments
           Aset Keuangan Lainnya                             -           259.846                 259.846              Other financial assets
           Dana Dibatasi Penggunaannya                 487.735           232.738                 720.473                    Restricted funds
           Total                                     6.804.145           805.530                7.609.675                             Total


                                                                  184
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PT JASA MARGA (PERSERO) Tbk                                                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                         FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                               For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                   As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                      (Expressed in millions of Rupiah, unless otherwise stated)

47. MANAJEMEN RISIKO KEUANGAN (lanjutan)                                                 47. FINANCIAL RISK MANAGEMENT (continued)

     b.   Risiko Mata Uang                                                                   b.     Currency Risk

          Risiko mata uang adalah risiko fluktuasi nilai                                            Currency risk is the risk of fluctuations in the
          instrumen    keuangan      yang   disebabkan                                              value of financial instruments due to changes in
          perubahan nilai tukar mata uang asing.                                                    foreign currency exchange rates.

          Pendapatan, pendanaan dan sebagian besar                                                  Revenue, funding and most of the operating
          biaya operasi dari Kelompok Usaha dilakukan                                               costs of the Group are made in the Rupiah
          dalam mata uang Rupiah oleh karena itu                                                    currency and therefore the Group do not have
          Kelompok Usaha tidak memiliki eksposur yang                                               significant exposure to fluctuations in foreign
          signifikan terhadap fluktuasi nilai tukar mata                                            currency exchange rates.
          uang asing.

     c.   Risiko Likuiditas                                                                  c.     Liquidity Risk

          Risiko likuiditas adalah risiko dimana Kelompok                                           Liquidity risk is the risk in which the Group will
          Usaha akan mengalami kesulitan dalam rangka                                               experience difficulties in acquiring funds to
          memperoleh         dana      untuk    memenuhi                                            meet commitments associated with financial
          komitmennya terkait instrumen keuangan.                                                   instruments.

          Kelompok Usaha mengelola risiko likuiditas                                                 The Group manages liquidity risk by
          dengan mempertahankan kas dan setara kas                                                   maintaining sufficient cash and cash
          yang    mencukupi   untuk    memungkinkan                                                  equivalents to enable the Group to met its
          Kelompok Usaha dalam memenuhi komitmen                                                     commitment to the normal operation of the
          Kelompok Usaha untuk operasi normal                                                        Group. In addition, the Group also controls its
          Kelompok Usaha. Selain itu, Kelompok Usaha                                                 cash flow projections and actual cash flow and
          juga melakukan pengawasan proyeksi dan arus                                                continuously monitors the maturity dates of
          kas aktual secara terus menerus serta                                                      financial assets and liabilities.
          pengawasan tanggal jatuh tempo aset dan
          kewajiban keuangan.

                                                                                 2025
                                                                Lebih Dari 1 Tahun
                                                                dan Kurang Dari 5
                                            Kurang Dari 1          Tahun/More
                                             Tahun/Less          Than 1 Year and          Lebih Dari 5 Tahun/      Total/
                                             Than 1 Year        Less Than 5 Years         More Than 5 Years        Total


           Liabilitas Keuangan                                                                                                                 Financial Liabilities
             Utang Usaha                             71.936                          -                      -               71.936             Accounts Payable
              Utang Kontraktor                      402.940              1.375.330                          -         1.778.270              Contractors Payable
              Beban Akrual                         9.367.488               712.202                          -        10.079.690                Accrued Expenses
              Liabilitas Keuangan Lainnya          1.064.745                         -                      -         1.064.745         Other Financial Liabilities
              Utang Bank Jangka Pendek               57.559                          -                      -               57.559         Short Term Bank Loan
              Utang Bank Jangka Panjang            3.622.723            20.062.995                48.737.873         72.423.591            Long Term Bank Loan
              Liabilitas Pembebasan Tanah                   -                        -               108.292            108.292       Land Acquisition Liabilities
              Liabilitas Sewa                        87.593                101.997                          -           189.590                    Lease Liability
              Utang Obligasi                                -               90.050                  2.446.012         2.536.062                   Bonds Payable
            Total                                 14.674.984            22.342.574                51.292.177         88.309.735                                 Total


                                                                                 2024
                                                                Lebih Dari 1 Tahun
                                                                dan Kurang Dari 5
                                            Kurang Dari 1          Tahun/More
                                             Tahun/Less          Than 1 Year and          Lebih Dari 5 Tahun/      Total/
                                             Than 1 Year        Less Than 5 Years         More Than 5 Years        Total


           Liabilitas Keuangan                                                                                                                  Financial Liabilities
             Utang Usaha                            151.278                          -                      -           151.278                Accounts Payable
              Utang Kontraktor                      494.361                967.428                          -         1.461.789              Contractors Payable
              Beban Akrual                        11.403.302               700.629                          -        12.103.931                Accrued Expenses
              Liabilitas Keuangan Lainnya           968.023                          -                      -           968.023         Other Financial Liabilities
              Utang Bank Jangka Pendek              630.868                          -                      -           630.868            Short Term Bank Loan
              Utang Bank Jangka Panjang            4.882.857            16.940.313                40.238.103         62.061.273            Long Term Bank Loan
              Utang Lembaga Keuangan                                                                                                        Long Term Non-Bank
                Bukan Bank Jangka Panjang                   -              272.000                          -           272.000      Financial Institutions Loan
              Liabilitas Pembebasan Tanah                   -                        -               109.008            109.008       Land Acquisition Liabilities
              Liabilitas Sewa                        64.199                 59.819                          -           124.018                    Lease Liability
              Utang Obligasi                        286.000                376.050                  1.162.111         1.824.161                   Bonds Payable
            Total                                 18.880.888            19.316.239                41.509.222         79.706.349                                 Total




                                                                        185
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PT JASA MARGA (PERSERO) Tbk                                                        PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                        For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                            As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

47. MANAJEMEN RISIKO KEUANGAN (lanjutan)                            47. FINANCIAL RISK MANAGEMENT (continued)

     d.   Risiko Suku Bunga                                            d.   Interest Rate Risk

          Risiko bunga atas arus kas adalah risiko                          Interest on the cash flow risk is the risk that
          dimana arus kas masa datang suatu instrumen                       future cash flows of a financial instrument will
          keuangan akan berfluktuasi akibat perubahan                       fluctuate due to changes in market interest
          suku bunga pasar.                                                 rates.

          Eksposur terhadap suku bunga Kelompok                             The Group's exposure to interest rate is
          Usaha terus diawasi dengan melakukan                              monitored continuously by analyzing financial
          analisis terhadap liabilitas keuangan yang                        liabilities’s.   For     the     year   ended
          dimiliki.  Pada        tahun   yang berakhir                      December 31, 2025 and 2024, Group has
          31 Desember 2025 dan 2024, Kelompok Usaha                         outstanding financial liabilities amounting to
          memiliki    liabilitas     keuangan sebesar                       Rp49,462,662 and Rp29,095,034 which are
          Rp49.462.662       dan Rp29.095.034 yang                          borne floating interest rate.
          dikenakan suku bunga mengambang.

          Pada 31 Desember 2025, jika suku bunga atas                       On December 31, 2025, if the interest rate on
          liabilitas keuangan dengan suku bunga                             financial   liabilities   with   floating  rates
          mengambang meningkat/menurun sebesar                              increases/decreases by 1 basis point,
          1 basis poin, dengan asumsi variabel lain                         assuming other variables remain constant, the
          konstan, maka laba sebelum pajak dan ekuitas                      profit    before      tax    and    equity   will
          akan meningkat/menurun sebesar Rp3.455.                           increase/decrease by Rp3,455.

          Nilai wajar aset dan liabilitas keuangan                          The fair value of financial assets and financial
          diestimasi untuk keperluan pengakuan dan                          liabilities must be estimated for recognition and
          pengukuran        atau     untuk     keperluan                    measurement or for disclosure purposes. The
          pengungkapan. Aset dan liabilitas keuangan                        Group’s financial assets and liabilities that are
          Kelompok Usaha yang diukur dan diakui pada                        measured and recognized at fair value are
          nilai wajar adalah piutang dan utang derivatif.                   derivative receivables and payables.

          Nilai wajar untuk instrumen keuangan yang                         The fair value of financial instruments traded in
          diperdagangkan di pasar aktif ditentukan                          active markets is based on quoted market
          berdasarkan kuotasi nilai pasar pada tanggal                      prices at the reporting date. The quoted market
          pelaporan. Kuotasi nilai pasar yang digunakan                     price used for financial assets held by the
          Kelompok Usaha untuk aset keuangan adalah                         Group is the current bid price, for financial
          harga penawaran (bid price), sedangkan untuk                      liabilities is the current ask price.
          liabilitas keuangan adalah harga permintaan
          (ask price).

     e.   Nilai Wajar                                                  e.   Fair Value

          Nilai wajar instrumen keuangan yang tidak                         The fair value of financial instruments that are
          diperdagangkan di pasar aktif ditentukan                          not traded in an active market is determined
          dengan menggunakan teknik penilaian tertentu.                     using valuation techniques. These valuation
          Teknik tersebut menggunakan data pasar yang                       techniques maximize the use of observable
          dapat diobservasi sepanjang tersedia, dan                         market data where it is available and rely as
          seminimal mungkin mengacu pada estimasi,                          little as possible on estimates, if all significant
          apabila seluruh input signifikan atas nilai wajar                 inputs required to fair value an instrument are
          dapat diobservasi.                                                observable.
          Jika satu atau lebih input yang signifikan tidak                  If one or more of the significant inputs is not
          berdasarkan data pasar yang diobservasi,                          based on observable market data, specific
          teknik penilaian tertentu digunakan untuk                         valuation techniques are used to value financial
          menentukan instrumen keuangan mencakup:                           instrument include:
          i. Penggunaan harga yang diperoleh dari                           i. The use of quoted market prices or dealer
             bursa atau pedagang efek untuk instrumen                          quotes for similar instruments and;
             sejenis dan;
          ii. Teknik lain seperti analisis arus kas yang                    ii. Other techniques such as discounted cash
              didiskonto digunakan untuk menentukan                             flows analysis are used to determine fair
              nilai wajar instrumen keuangan lainnya.                           value    for   the  remaining    financial
                                                                                instruments.

                                                              186
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PT JASA MARGA (PERSERO) Tbk                                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                              For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                  As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                     (Expressed in millions of Rupiah, unless otherwise stated)

47. MANAJEMEN RISIKO KEUANGAN (lanjutan)                                 47. FINANCIAL RISK MANAGEMENT (continued)

     e.   Nilai Wajar (lanjutan)                                             e.     Fair Value (continued)

          Tabel berikut menyajikan aset keuangan                                    The following table presents the Group's
          Kelompok Usaha yang diukur sebesar nilai                                  financial assets as measured at fair value as of
          wajar pada 31 Desember 2025:                                              December 31, 2025:
                                                                         2025
                                            Tingkat 1/     Tingkat 2/             Tingkat 3/         Total/
                                             Level 1        Level 2                Level 3           Total
          Aset                                                                                                                         Assets
          Aset keuangan yang diukur                                                                                         Financial assets at
            melalui nilai wajar melalui                                                                             fair value through other
            penghasilan komprehensif lain                                                                           comprehensive income
              Investasi jangka pendek             24.458                 -                     -         24.458    Short-term investments
              Aset keuangan lainnya                    -                 -               246.587        246.587     Other financial assets
          Total Aset                              24.458                 -               246.587        271.045                  Total Assets



     f.   Manajemen Permodalan                                               f.     Capital Management

          Tujuan dari Kelompok Usaha dalam mengelola                                The purpose of Group in managing capital is to
          permodalan     adalah     untuk       melindungi                          protect the ability of the Group to sustain its
          kemampuan       Kelompok      Usaha       dalam                           business continuity, so that the entity can
          mempertahankan kelangsungan usaha, sehingga                               continue to provide returns to shareholders and
          entitas dapat tetap memberikan hasil bagi                                 benefits to other stakeholders, and to provide
          pemegang saham dan manfaat bagi pemangku                                  adequate returns to shareholders by setting
          kepentingan lainnya, dan untuk memberikan                                 prices for products and services that
          imbal hasil yang memadai kepada pemegang                                  correspond to the level of risk.
          saham dengan menentukan harga produk dan
          jasa yang sepadan dengan tingkat risiko.

          Kelompok Usaha memonitor modal dengan                                     The Group monitors capital on the basis of the
          dasar rasio utang terhadap modal yang                                     ratio of adjusted debt to capital. This ratio is
          disesuaikan. Rasio ini dihitung sebagai berikut:                          calculated as follows: net debt divided by
          utang neto dibagi modal yang disesuaikan.                                 adjusted capital. Net debt is total debt (as the
          Utang     neto     merupakan       total utang                            amount in the statement of financial position)
          (sebagaimana jumlah dalam laporan posisi                                  less cash and cash equivalents. Adjusted
          keuangan) dikurangi kas dan setara kas. Modal                             capital comprises all components of equity
          yang disesuaikan terdiri dari seluruh komponen                            (including capital stock).
          ekuitas (meliputi modal saham).

          Kelompok Usaha menetapkan rasio modal                                     The Group set capital ratios proportion to the
          sesuai proporsi terhadap risiko. Kelompok                                 risk. The Group manages its capital structure
          Usaha mengelola struktur modal dan membuat                                and makes adjustments taking into account
          penyesuaian       dengan     memperhatikan                                changes in economic conditions and risk
          perubahan kondisi ekonomi dan karakteristik                               characteristics of the underlying asset.
          risiko aset yang mendasari.

          Selama tahun 31 Desember 2025 dan 2024,                                   During the year of December 31, 2025 and
          strategi Kelompok Usaha tidak berubah yaitu                               2024, the Group’s strategy has not changed,
          mempertahankan rasio utang terhadap ekuitas                               namely, to maintain the debt to equity ratio at
          sebesar maksimum 5:1. Rasio utang terhadap                                maximum 5:1. The ratio of debt to equity are as
          ekuitas adalah sebagai berikut:                                           follows:

                                                           2025                   2024
          Liabilitas Jangka Pendek                         15.995.855             21.566.219                             Short-term Liabilities
          Liabiltas Jangka Panjang                         81.637.713             68.317.060                              Long-term Liabilities
          Total Liabilitas                                 97.633.568             89.883.279                                  Total Liabilities
          Dikurangi: Kas dan Setara Kas                    (6.750.913)            (5.123.252)                 Less: Cash and cash equivalents
          Liabilitas - Bersih                              90.882.655             84.760.027                                  Liablilities - Net
          Total Ekuitas                                    62.361.717             58.833.241                                      Total Equity
          Rasio Utang terhadap Ekuitas                         1,5 : 1                1,4 : 1                            Debt to Equity Ratio




                                                              187
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PT JASA MARGA (PERSERO) Tbk                                                                   PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                 For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                     As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                        (Expressed in millions of Rupiah, unless otherwise stated)

48. TRANSAKSI YANG TIDAK MEMENGARUHI                                         48. NON-CASH       TRANSACTIONS      AND
    ARUS KAS DAN REKONSILIASI YANG TIMBUL                                        RECONCILIATION OF LIABILITIES ARISING
    DARI AKTIVITAS PENDANAAN                                                     FROM FINANCING ACTIVITIES

     Informasi tambahan atas laporan arus kas terkait                           Supplemental cash flows information related to non-
     aktivitas investasi non-kas dan pendanaan adalah                           cash investing and financing activities is as follows:
     sebagai berikut:

                                                              2025              2024
     Penambahan Aset Takberwujud - Hak Pengusahaan                                             Addition of Intangible Assets - Toll Road Concession
       Jalan Tol Melalui Beban Akrual                           (756.762)        2.656.700                        Rights Through Accrued Expense
     Penambahan Aset Takberwujud - Lainnya                                                                       Addition of Intangible Assets - Others
        Melalui Beban Akrual                                         6.617               -                                Through Accrued Expense
     Penambahan Aset Tetap - Aset Hak Guna                                                                 Addition Fixed Asset - Right of Use Assets
       Melalui Liabilitas Sewa                                   180.844            57.552                                 Through Lease Liabilities
     Keuntungan (Kerugian) Belum Direalisasi dari                                                                             Unrealized Gain (Losses)
       Investasi Jangka Pendek                                       1.667        (239.553)                               of Short-Term Investments
     Pembagian Dividen kepada                                                                                                   Dividend Distribution to
       Kepentingan Nonpengendali yang masih terutang            (175.000)         (633.477)           Non-controlling Interests that is still Payable
     Pengurangan Investasi Jangka Pendek                                                                          Deduction in Short-term Investment
       Akibat Konsolidasi                                                -      (1.753.224)                                     due to Consolidation
     Penambahan Investasi Asosiasi dan Ventura                                                 Addition of Association and Joint Venture Investments
       Bersama melalui Inbreng Biaya Prakarsa                    (41.597)          (13.343)                  through Contribution of Initiative Costs
     Penambahan Investasi Entitas Asosiasi dan                                                              Increase in Investment in Associates and
       Ventura Bersama akibat Akuisisi                                   -         127.078                         Joint Venture due to Acquisition


     Berikut adalah rekonsiliasi liabilitas yang timbul dari                    Reconciliation of liabilities arising from financial
     aktivitas pendanaan:                                                       activities is as follow:

                                       1 Januari 2025/      Arus Kas/         Lainnya/        31 Desember 2025/
                                       January 1, 2025     Cash Flows          Others         December 31, 2025
     Utang Bank                             62.692.141         9.763.547            25.462            72.481.150                         Bank Loans
     Utang Lembaga Keuangan                                                                                                     Non-Bank Financial
       Bukan Bank                               272.000         (272.000)               -                        -                Institutions Loan
     Utang Obligasi                           1.824.161          714.000           (2.099)               2.536.062                   Bonds Payable
     Liabilitas Pembebasan Tanah                109.008             (716)               -                  108.292        Land Acquisition Liabilites
     Liabilitas Sewa                            124.018         (114.610)         180.182                  189.590                    Lease Liability
     Total Liabilitas dari                                                                                                    Total Liabilities from
        Aktivitas Pendanaan                  65.021.328       10.090.221          203.545               75.315.094           Financing Activities


                                       1 Januari 2024/      Arus Kas/         Lainnya/        31 Desember 2024/
                                       January 1, 2024     Cash Flows          Others         December 31 2024/
     Utang Bank                             69.022.055         (6.754.041)         424.127            62.692.141                         Bank Loans
     Utang Lembaga Keuangan                                                                                                     Non-Bank Financial
       Bukan Bank                             1.108.102         (836.102)                -                 272.000                Institutions Loan
     Utang Obligasi                             897.353          932.350            (5.542)              1.824.161                   Bonds Payable
     Liabilitas Pembebasan Tanah              1.549.910         (898.942)         (541.960)                109.008        Land Acquisition Liabilites
     Liabilitas Sewa                            132.749          (75.815)           67.084                 124.018                    Lease Liability
     Total Liabilitas dari                                                                                                    Total Liabilities from
        Aktivitas Pendanaan                  72.710.169        (7.632.550)         (56.291)             65.021.328           Financing Activities


     Pada 31 Desember 2025, kolom “Lainnya” merupakan                           On December 31, 2025, the “Others” column
     penambahan pokok pinjaman Kredit Investasi Interest                        represents the principal addition of the Investment
     During Construction (IDC), biaya transaksi pinjaman                        Credit Interest During Construction (IDC) loan,
     neto yang belum diamortisasi, penambahan liabilitas                        unamortized net loan transaction costs, addition of
     sewa, dan bunga atas liabilitas sewa.                                      lease liabilites, and interest on lease liabilities.

     Pada akhir tahun 31 Desember 2024, kolom “Lainnya”                         At the end of December 31, 2024, the “Others”
     merupakan pengakuan liabilitas keuangan akibat                             column represents the recognition of financial
     konsolidasi JPT penambahan pokok pinjaman Kredit                           liabilities due to the consolidation of JPT, the
     Investasi Interest During Construction (IDC), biaya                        addition of principal on Investment Credit loans
     transaksi pinjaman neto yang belum diamortisasi dan                        Interest During Construction (IDC), unamortized net
     bunga atas liabilitas sewa.                                                loan transaction costs and interest on lease
                                                                                liabilities.


                                                                      188
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PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                           As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

49. STANDAR BARU DAN AMENDEMEN ATAS                               49. NEW    ACCOUNTING     STANDARD    AND
    STANDAR YANG TELAH DISAHKAN NAMUN                                 AMENDMENT TO STANDARDS WHICH HAS
    BELUM BERLAKU EFEKTIF                                             BEEN ISSUED BUT NOT YET EFFECTIVE
     Amendemen, revisi dan penyesuaian tahunan atas                   Amendments, revised and annual improvements to
     standar yang berlaku efektif untuk periode yang                  standards which are effective for periods beginning
     dimulai pada atau setelah 1 Januari 2026, dengan                 on or after January 1, 2026, with early adoption are
     penerapan dini diperkenankan yaitu:                              as follows:
      •   Amendemen PSAK 109 “Instrumen Keuangan”                       •   Amendments PSAK 109 and PSAK 107
          dan PSAK 107 ”Instrumen Keuangan:                                 “Classification and Measurement of Financial
          Pengungkapan     tentang  Klasifikasi  dan                        Instruments”;
          Pengukuran Instrumen Keuangan”;
      •   Penyesuaian Tahunan PSAK 107, PSAK 109,                       •   Annual Improvements on PSAK 107, PSAK
          PSAK 110, dan PSAK 207; dan                                       109, PSAK 110, dan PSAK 207; and
      •   Revisi PSAK 338 “Kombinasi Bisnis Entitas                     •   Revised PSAK 338 ”Business Combination of
          Sepengendali terkait ruang lingkup dan                            Entity Under Common Control regarding the
          penerapan metode penyatuan kepemilikan”.                          scope and application of the method of
                                                                            pooling of interest”.

     Standar baru, revisi dan amandemen serta                         New, revised and amendment of standards and
     interpretasi atas standar yang berlaku efektif untuk             interpretation of standard which are effective for
     periode yang dimulai pada atau setelah                           periods beginning on or after January 1, 2027, with
     1 Januari 2027, dengan penerapan dini                            early adoption permitted, are as follows:
     diperkenankan yaitu:

      •   PSAK 118 “Penyajian dan Pengungkapan                          •   PSAK 118 “Presentation and Disclosure in
          dalam Laporan Keuangan”;                                          Financial Statements”;
      •   PSAK 119 “Entitas Anak tanpa Akuntabilitas                    •   PSAK 119 “Subsidiaries without Public
          Publik: Pengungkapan”;                                            Accountability: Disclosures”;
      •   Amandemen PSAK 119 “Entitas Anak tanpa                        •   Amendment PSAK 119 “Subsidiaries without
          Akuntabilitas Publik: Pengungkapan”;                              Public Accountability: Disclosures”;
      •   Revisi     PSAK       401   “Penyajian    dan                 •   Revised PSAK 401 “Presentation and
          Pengungkapan dalam Laporan Keuangan                               Disclosure in Sharia Financial Statements”;
          Syariah”;
      •   ISAK 403 “Komponen Laporan Keuangan                           •   ISAK 403 “Components of Financial Reports
          Entitas Syariah Yang Menerapkan SAK                               of Sharia Entities That Apply Indonesian SAK
          Indonesia Untuk Entitas Privat dan SAK                            for Private Entities and Indonesian SAK for
          Indonesia Untuk Entitas Mikro, Kecil, dan                         Micro, Small, and Medium Entities”;
          Menengah”;
      •   PSAK 413 “Penurunan Nilai”; dan                               •   PSAK 413 “Impairment”; and
      •   PSAK 414 “Penurunan Nilai Aset Keuangan                       •   PSAK 414 “Impairment of Sharia Financial
          Syariah bagi Entitas yang Menerapkan SAK                          Assets for Entities Implementing Indonesian
          Indonesia untuk Entitas Privat (SAK EP)”.                         SAK         for        Private      Entities
                                                                            (SAK EP)”.

      Implementasi amendemen standar tersebut tidak                     The implementation of the above amendment to
      memiliki dampak yang material terhadap jumlah                     standards had no material on the amounts
      yang dilaporkan di periode berjalan atau tahun                    reported for the current period or prior financial
      sebelumnya.                                                       year.


50. INFORMASI KEUANGAN TAMBAHAN                                   50. SUPPLEMENTARY FINANCIAL INFORMATION

    Kontribusi Pajak                                                 Tax Contribution

    Informasi keuangan tambahan menyajikan informasi                 Additional financial information presents information
    terkait kontribusi Perusahaan dan Entitas Anak                   related to the contributions of the Company and its
    kepada Pemerintah Indonesia sesuai dengan Surat                  Subsidiaries to the Government of Indonesia in
    Edaran Kementerian Badan Usaha Milik Negara                      accordance with the Circular Letter of the Ministry of
    Republik Indonesia No. S-32/DKU.MBU/08/2024                      State-Owned Enterprises of the Republic of
    (tidak diaudit), dengan rincian sebagai berikut:                 Indonesia No. S-32/DKU.MBU/08/2024 (unaudited),
                                                                     with details as follows:


                                                            189
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PT JASA MARGA (PERSERO) Tbk                                                            PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                            For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                   (Expressed in millions of Rupiah, unless otherwise stated)

50. INFORMASI KEUANGAN TAMBAHAN (lanjutan)                              50. SUPPLEMENTARY FINANCIAL INFORMATION
                                                                            (continued)
    Kontribusi Pajak (lanjutan)                                            Tax Contribution (continued)
                                                           2025            2024
     Perusahaan                                                                                                            The Company
      Pajak                                                                                                                         Tax
        Pajak Penghasilan (PPh)                            2.135.117       1.231.034                                      Income Tax
        Pajak Pertambahan Nilai (PPN) & Pajak Penjualan                                               Value added Tax & Luxury-goods
           atas Barang Mewah (PPnBM)                         250.332         359.930
                                                                                                                            Sales Tax
        Pajak Daerah dan Retribusi Daerah (PDRD)             472.214         436.887                                    Regional Tax
      Total Kontribusi Pajak                               2.857.663       2.027.851                            Total Tax Contribution

      Penerimaan Negara Bukan Pajak (PNBP)                                                                       Non-tax State Revenue
        Dividen                                                    -         192.366                                         Dividend
        PNBP Lainnya                                               -              64                     Other Non-tax State Revenue
      Total Kontribusi PNBP                                        -         192.430                      Total Non-tax State Revenue
    Total Kontribusi Kepada Negara                         2.857.663       2.220.281                      Total Contribution to the State

     Entitas Anak                                                                                                           Subsidiaries
      Pajak                                                                                                                         Tax
        Pajak Penghasilan (PPh)                            1.009.192         822.262                                      Income Tax
        Pajak Pertambahan Nilai (PPN) & Pajak Penjualan                                               Value added Tax & Luxury-goods
           atas Barang Mewah (PPnBM)                          48.105         192.091                                      Sales Tax
        Pajak Daerah dan Retribusi Daerah (PDRD)             242.310         217.722                                     Regional Tax
      Total Kontribusi Pajak                               1.299.607       1.232.075                             Total Tax Contribution
    Total Kontribusi Kepada Negara                         1.299.607       1.232.075                      Total Contribution to the State
    Total Kontribusi Kepada Negara (Konsolidasian)         4.157.270       3.452.356       Total Contribution to the State (Consolidated)


    Kontribusi pajak terhadap negara atas Penerimaan                      Tax Contribution to the state for Non-tax State
    Negara Bukan Pajak (PNBP) berupa dividen                              Revenue in the form of dividends amounting to
    sebesar Rp156,23 (dalam rupiah penuh).                                Rp156.23 (expressed in full amount of rupiah)


51. KOMBINASI BISNIS ENTITAS SEPENGENDALI                                51. BUSINESS COMBINATION                     OF      ENTITIES
                                                                             UNDER COMMON CONTROL
     Pada tanggal 1 September 2025, Perusahaan                               On September 1, 2025, the Company acquired
     memperoleh pengendalian atas JMJ berdasarkan                            control over JMJ based on an addendum to the
     adendum Perjanjian Para Pemegang Saham (SHA)                            JMJ Shareholders' Agreement (SHA) (Notes 1.f
     JMJ (Catatan 1.f dan 3), yang mengakibatkan                             and 3), resulting in changes in decision-making
     perubahan hak pengambilan keputusan dan struktur                        rights and control structure. The acquisition of
     pengendalian. Perolehan pengendalian yang                               control resulted in the Company obtaining control
     mengakibatkan       Perusahaan      memperoleh                          over JMJ on September 1, 2025. Consequently,
     pengendalian     atas    JMJ    pada     tanggal                        JMJ has been consolidated into the Group's
     1 September 2025. Sehingga, JMJ dikonsolidasikan                        financial statements from that date.
     ke laporan keuangan Kelompok Usaha sejak saat itu.
     Mengingat transaksi tersebut terjadi antar entitas                      Considering that the transaction occurred between
     yang berada dalam satu pengendalian yang sama,                          entities under the same control, the change in
     perubahan status dari ventura bersama menjadi                           status from a joint venture to a subsidiary is treated
     entitas anak diperlakukan sebagai kombinasi bisnis                      as a business combination of entities under
     entitas sepengendali sesuai dengan PSAK 338                             common control in accordance with PSAK 338
     "Kombinasi Bisnis Entitas Sepengendali", sehingga                       "Business Combinations of Entities Under
     transaksi tersebut dicatat dengan menggunakan                           Common Control," and therefore the transaction is
     metode penyatuan kepemilikan (pooling of interests).                    recorded using the pooling of interests method.
     Aset dan liabilitas yang diperoleh diakui sebesar nilai                 The acquired assets and liabilities are recognized
     tercatatnya pada tanggal terjadinya transaksi. Jumlah                   at their carrying amounts as of the transaction date.
     selisih yang timbul antara biaya perolehan (nilai                       The difference arising between the acquisition cost
     setoran modal) dan bagian proporsional atas nilai                       (capital contribution value) and the proportional
     tercatat aset neto diakui sebagai "Selisih Nilai                        share of the carrying amounts of the net assets is
     Kombinasi Bisnis Entitas Sepengendali" dan                              recognized       as    "Difference    in    Business
     disajikan sebagai bagian "Tambahan Modal Disetor"                       Combination of Entities Under Common Control"
     di bagian ekuitas pada laporan posisi keuangan                          and presented as part of "Additional Paid-in
     konsolidasian.                                                          Capital" within equity in the consolidated statement
                                                                             of financial position.


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PT JASA MARGA (PERSERO) Tbk                                                              PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                              For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                  As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                     (Expressed in millions of Rupiah, unless otherwise stated)

51. KOMBINASI BISNIS ENTITAS SEPENGENDALI                                51. BUSINESS COMBINATION OF ENTITIES
    (lanjutan)                                                               UNDER COMMON CONTROL (continued)

     Berikut adalah dampak dari transaksi kombinasi                            The following are the impacts of business
     bisnis entitas sepengendali:                                              combination transactions of entities under common
                                                                               control:

                                                           1 September 2025/
                                                           September 1, 2025
    Nilai tercatat atas JMJ sebelum pengendalian                       1.489.109        The carrying value of JMJ before time of control
    Nilai tercatat atas JMJ pada saat pengendalian                    (1.489.109)        The carrying value of JMJ at the time of control
    Tambahan Modal Disetor                                                   -                               Additional Paid-In Capital


     Berikut nilai tercatat aset bersih JMJ pada saat                          The following represents the carrying amount of
     pengendalian diperoleh:                                                   JMJ’s net assets at the date control was obtained:

                                                           1 September 2025/
                                                           September 1, 2025
    Aset lancar                                                          283.835                                           Current asset
    Aset tidak lancar                                                 10.085.453                                       Non-current asset
    Liabilitas jangka pendek                                            (947.719)                                       Current liabilities
    Liabilitas jangka panjang                                         (6.433.512)                                  Non-current liabilities
    Total aset bersih                                                  2.988.057                                         Total net assets
    Kepentingan nonpengendali                                         (1.498.948)                                Non-controlling interest
    Total aset bersih yang dapat                                                                     Total equity atributable to owners
      diatribusikan kepada Pemilik Induk                               1.489.109                                  of the Parent Entity


     Sehubungan dengan penerapan metode penyatuan                              In relation to the implementation of the ownership
     kepemilikan, laporan keuangan konsolidasian                               unification method, the consolidated financial
     disajikan kembali seolah-olah kombinasi bisnis telah                      statements have been restated as if the business
     terjadi sejak awal periode entitas-entitas yang terlibat                  combination had occurred from the beginning of
     berada dalam pengendalian yang sama sejak tanggal                         the period, with the entities involved being under
     pendirian. Oleh karena itu, informasi komparatif untuk                    common control since their inception. Therefore,
     tahun yang berakhir pada tanggal 31 Desember 2024                         comparative information for the years ended
     dan     2023    telah    disajikan    kembali    untuk                    December 31, 2024 and 2023 has been restated to
     mencerminkan dampak transaksi tersebut.                                   reflect the impact of this transaction.

     Tabel berikut menyajikan dampak transaksi                                 The following table presents the impact of the
     kombinasi bisnis entitas sepengendali, sebagaimana                        business combination transactions of entities
     diungkapkan di atas, terhadap laporan posisi                              under common control, as disclosed above, on the
     keuangan konsolidasian dan laporan laba rugi dan                          Group’s consolidated statements of financial
     penghasilan komprehensif lain konsolidasian                               position and consolidated statements of profit or
     Kelompok Usaha.                                                           loss and other comprehensive income.




                                                                191
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PT JASA MARGA (PERSERO) Tbk                                                                             PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                 FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                            For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                   (Expressed in millions of Rupiah, unless otherwise stated)

51. KOMBINASI BISNIS ENTITAS SEPENGENDALI                                             51. BUSINESS COMBINATION OF ENTITIES
    (lanjutan)                                                                            UNDER COMMON CONTROL (continued)

                                                                             2024
                                                    Sebelum Penyajian                          Setelah Penyajian
                                                      Kembali/Before      Penyesuaian/           Kembali/After
                                                       Restatement         Adjustment            Restatement
    ASET                                                                                                                                             ASSETS
    ASET LANCAR                                                                                                                         CURRENT ASSETS
    Kas dan setara kas                                       4.810.319              312.933             5.123.252                 Cash and cash equivalents
    Investasi jangka pendek                                     22.791                    -                22.791                     Short-term investments
    Piutang lain-lain                                                                                                                      Other receivables
      Pihak berelasi                                           381.362              (31.208)              350.154                           Related parties
      Pihak ketiga                                             761.565               58.648               820.213                              Third parties
    Persediaan                                                 147.978                    -               147.978                                  Inventories
    Biaya dibayar di muka dan uang muka                        106.727                2.861               109.588            Prepaid expenses and advances
    Pajak dibayar di muka                                      135.854                    -               135.854                               Prepaid taxes
    Dana dibatasi penggunaannya                                487.735                    -               487.735                            Restricted funds
    TOTAL ASET LANCAR                                        6.854.331              343.234             7.197.565               TOTAL CURRENT ASSETS

    ASET TIDAK LANCAR                                                                                                               NON-CURRENT ASSETS
    Piutang lain-lain                                          312.946                    -               312.946                            Other receivables
    Dana dibatasi penggunaannya                                232.739                   (1)              232.738                              Restricted funds
    Aset pajak tangguhan                                        67.528                    1                67.529                           Deferred tax assets
    Investasi pada entitas asosiasi dan                                                                                         Investment in associates and
      ventura bersama - neto                                 7.097.939          (1.489.108)             5.608.831                         joint ventures - net
    Aset tetap - neto                                          507.465                 705                508.170                             Fixed asset - net
    Properti investasi - neto                                  979.181                   -                979.181                  Investment properties - net
    Aset takberwujud - neto                                                                                                             Intangible assets - net
      Hak pengusahaan jalan tol                            122.945.666          9.058.571             132.004.237                Toll road concession rights
      Lainnya                                                   87.074              1.204                  88.278                                      Others
    Goodwill                                                    41.849                  -                  41.849                                     Goodwill
    Aset keuangan lainnya - neto                               259.846                  -                 259.846                  Other financial assets - net
    Aset tidak lancar lainnya - neto                         1.407.403              7.947               1.415.350               Other non-current assets - net
    TOTAL ASET TIDAK LANCAR                                 133.939.636          7.579.319             141.518.955         TOTAL NON-CURRENT ASSETS
    TOTAL ASET                                              140.793.967          7.922.553             148.716.520                     TOTAL ASSETS

    LIABILITAS DAN EKUITAS                                                                                                        LIABILITIES AND EQUITY
    LIABILITAS JANGKA PENDEK                                                                                                         CURRENT LIABILITIES
    Utang usaha                                                144.777              6.501                 151.278                           Accounts payable
    Utang kontraktor                                           494.361                  -                 494.361                         Contractors payable
    Utang pajak                                              1.806.578              1.259               1.807.837                              Taxes payable
    Beban akrual                                            10.354.508          1.048.794              11.403.302                          Accrued expenses
    Utang bank                                                 573.213             57.655                 630.868                                  Bank loans
    Liabilitas jangka panjang yang                                                                                                       Current maturities of
      jatuh tempo dalam satu tahun:                                                                                                      long-term liabilities:
         Utang bank                                          4.882.857                    -             4.882.857                             Bank loans
         Utang obligasi                                        286.000                    -               286.000                          Bonds payable
         Liabilitas sewa                                        64.199                    -                64.199                         Lease liabilities
         Provisi pelapisan jalan tol                           728.154                    -               728.154                   Provision for overlay
         Pendapatan diterima dimuka                            104.112                    -               104.112                      Unearned revenue
      Liabilitas imbalan kerja                                       -               45.228                45.228                Employee benefits liability
    Liabilitas keuangan jangka pendek lainnya                  921.785               46.238               968.023         Other short-term financial liabilities
    TOTAL LIABILITAS JANGKA PENDEK                          20.360.544           1.205.675              21.566.219           TOTAL CURRENT LIABILITIES

    LIABILITAS JANGKA PANJANG                                                                                                  NON-CURRENT LIABILITIES
    Liabilitas pajak tangguhan                               5.225.964                3.280             5.229.244                     Deferred tax liabilities
    Utang kontraktor jangka panjang                            600.776              366.652               967.428             Long-term contractors payable
    Beban akrual jangka panjang                                700.629                    -               700.629              Long-term accrued expenses
    Liabilitas jangka panjang - setelah dikurangi                                                                                Long-term liabilities - net of
      bagian yang jatuh tempo dalam satu tahun:                                                                                         current maturities:
        Utang bank                                          52.078.327          5.100.089              57.178.416                                Bank loans
        Utang lembaga keuangan bukan bank                      272.000                  -                 272.000       Non-bank financial institutions loan
        Utang obligasi                                       1.538.161                  -               1.538.161                           Bonds payable
        Liabilitas pembebasan tanah                            109.008                  -                 109.008               Land acquisition liabilities
        Liabilitas sewa                                         59.819                  -                  59.819                          Lease liabilities
        Provisi pelapisan jalan tol                            683.207                  -                 683.207                     Provision for overlay
        Pendapatan diterima dimuka                              70.594                  -                  70.594                       Unearned revenue
        Liabilitas imbalan kerja                                                                                             Long-term employee benefits
             jangka panjang                                  1.307.197              (45.228)            1.261.969                               liabilities
    Liabilitas jangka panjang lainnya                          246.588                   (3)              246.585                  Other long term liabilities
    TOTAL LIABILITAS JANGKA PANJANG                         62.892.270          5.424.790              68.317.060       TOTAL NON-CURRENT LIABILITIES
    TOTAL LIABILITAS                                        83.252.814          6.630.465              89.883.279                   TOTAL LIABILITIES




                                                                          192
Page 1026
PT JASA MARGA (PERSERO) Tbk                                                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                           FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                                    For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                        As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                           (Expressed in millions of Rupiah, unless otherwise stated)

51. KOMBINASI BISNIS ENTITAS SEPENGENDALI                                                 51. BUSINESS COMBINATION OF ENTITIES
    (lanjutan)                                                                                UNDER COMMON CONTROL (continued)

                                                                                  2024
                                                        Sebelum Penyajian                                Setelah Penyajian
                                                          Kembali/Before       Penyesuaian/                Kembali/After
                                                           Restatement          Adjustment                 Restatement
    Ekuitas yang Dapat Diatribusikan                                                                                                                   Equity Attributable to
     kepada Pemilik Entitas Induk                                                                                                             Owners of the Parent Entity
       Modal saham - nilai nominal Rp500                                                                                                    Capital stock - Rp500 par value
          (rupiah penuh) per saham                                                                                                                (full amount) per share
       Modal dasar 19.040.000.000 saham                                                                                                Authorized - 19,040,000,000 shares
       Modal ditempatkan dan disetor                                                                                                     Issued and fully paid - 1 series A
          penuh - 1 saham seri A Dwiwarna                                                                                                            Dwiwarna share and
          dan 7.257.871.199 saham seri B                          3.628.936                   -                   3.628.936              7,257,871,199 series B shares
       Tambahan modal disetor - neto                              3.997.085                   -                   3.997.085                  Additional paid in capital - net
       Selisih atas transaksi entitas                                                                                                      Difference from non-controlling
          non-pengendali                                          1.962.273               (6.940)                 1.955.333                            interest transaction
       Saldo laba                                                                                                                                         Retained earnings
          Telah ditentukan penggunaannya                          8.971.304                    -                  8.971.304                                  Appropriated
          Belum ditentukan penggunaannya                         17.958.412               (2.559)                17.955.853                                Unappropriated
       Penghasilan komprehensif lain:                                                                                                        Other comprehensive income:
          Kerugian yang belum direalisasi                                                                                                              Unrealized loss on
             dari aset keuangan pada nilai wajar                (1.344.089)                        -             (1.344.089)              financial assets at fair value
          Pengukuran kembali liabilitas imbalan                                                                                           Remeasurements of long-term
             kerja jangka panjang                               (1.130.887)                        -             (1.130.887)                employee benefits liability
    Ekuitas Neto yang Dapat
     Diatribusikan kepada                                                                                                                     Net Equity Attributable to
       Pemilik Entitas Induk                                     34.043.034              (9.499)                  34.033.535                Owners of the Parent Entity
       Kepentingan Non-Pengendali                                23.498.119           1.301.587                   24.799.706                 Non-Controlling Interests
    TOTAL EKUITAS                                                57.541.153           1.292.088                   58.833.241                             TOTAL EQUITY
    TOTAL LIABILITAS DAN EKUITAS                                140.793.967           7.922.553                  148.716.520             TOTAL LIABILITIES AND EQUITY




                                                                                   2024
                                                        Sebelum Penyajian                                 Setelah Penyajian
                                                          Kembali/Before       Penyesuaian/                 Kembali/After
                                                           Restatement          Adjustment                  Restatement
    PENDAPATAN                                                                                                                                                  REVENUES
    Pendapatan tol                                               17.185.720              36.614                   17.222.334                        Toll operating revenues
    Pendapatan usaha lainnya                                      1.542.518             (30.708)                   1.511.810                       Other operating revenues
    Pendapatan konstruksi                                         9.974.974           3.046.798                   13.021.772                          Construction revenue
    Total                                                        28.703.212           3.052.704                   31.755.916                                           Total
    BEBAN POKOK PENDAPATAN                                                                                                                            COST OF REVENUES
    Beban tol dan usaha lainnya                                  (7.482.043)            (13.094)                  (7.495.137)             Toll and other operating expenses
    Beban konstruksi                                             (9.903.014)         (3.046.798)                 (12.949.812)                          Construction expense
    Total                                                       (17.385.057)         (3.059.892)                 (20.444.949)                                          Total
    LABA BRUTO                                                   11.318.155              (7.188)                  11.310.967                               GROSS PROFIT
    Penghasilan keuangan                                            261.467                 6.180                     267.647                                 Finance income
    Penghasilan lain-lain                                           260.366                   581                     260.947                                    Other income
    Beban umum dan administrasi                                  (2.311.776)              (22.639)                 (2.334.415)         General and administrative expenses
    Beban lain-lain                                                (168.285)                   (1)                   (168.286)                                 Other expenses
    Beban pajak atas penghasilan keuangan                           (46.591)               (1.168)                    (47.759)                Tax expense of finance income
    Kerugian dari nilai wajar investasi jangka pendek              (144.002)                    -                    (144.002)   Loss on fair value of short-term investments
    Gain atas Fair Value Kombinasi Bisnis                                                                                        Gain from Fair Value of Stepwise Business
      Bertahap                                                      186.407                     -                    186.407                                   Combination
    Keuntungan dari pembelian dengan diskon                         176.271                     -                    176.271                       Gain on bargain purchase
    LABA USAHA                                                    9.532.012               (24.235)                 9.507.777                   PROFIT FROM OPERATIONS
    Biaya keuangan                                               (4.026.294)                      (43)             (4.026.337)                                 Finance costs
    Bagian atas laba (rugi) neto entitas asosiasi                                                                                      Share in net gain (loss) of associates
      dan ventura bersama                                           268.555                13.290                    281.845                            and joint ventures
    LABA SEBELUM PAJAK PENGHASILAN                                5.774.273               (10.988)                 5.763.285              PROFIT BEFORE INCOME TAX
    BEBAN PAJAK PENGHASILAN                                                                                                                      INCOME TAX EXPENSE
      Kini                                                         (962.010)                    -                   (962.010)                                Current
      Tangguhan                                                     807.655                (3.295)                   804.360                                Deferred
    TOTAL BEBAN PAJAK PENGHASILAN                                  (154.355)               (3.295)                  (157.650)              TOTAL INCOME TAX EXPENSE
    LABA TAHUN BERJALAN                                           5.619.918               (14.283)                 5.605.635                     PROFIT FOR THE YEAR

    TOTAL PENGHASILAN                                                                                                                  TOTAL COMPREHENSIVE INCOME
      KOMPREHENSIF TAHUN BERJALAN                                 5.483.980               (15.717)                 5.468.263                       FOR THE YEAR




                                                                               193
Page 1027
PT JASA MARGA (PERSERO) Tbk                                                                              PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                  FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                         For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                             As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                (Expressed in millions of Rupiah, unless otherwise stated)

51. KOMBINASI BISNIS ENTITAS SEPENGENDALI                                          51. BUSINESS COMBINATION OF ENTITIES
    (lanjutan)                                                                         UNDER COMMON CONTROL (continued)

                                                                            2024
                                                  Sebelum Penyajian                              Setelah Penyajian
                                                    Kembali/Before      Penyesuaian/               Kembali/After
                                                     Restatement         Adjustment                Restatement
    Laba tahun berjalan yang dapat                                                                                                           Profit for the year
      diatribusikan kepada:                                                                                                                   attributable to:
      Pemilik entitas induk                                 4.535.565               (2.558)               4.533.007                Owners of the parent entity
      Kepentingan non-pengendali                            1.084.353              (11.725)               1.072.628                  Non-controlling interest
    TOTAL                                                   5.619.918              (14.283)               5.605.635                                      TOTAL
    Total penghasilan komprehensif tahun                                                                              Total comprehensive income for the year
      berjalan yang dapat diatribusikan kepada:                                                                                              attributable to:
      Pemilik entitas induk                                 4.417.548               (2.558)               4.414.990               Owners of the parent entity
      Kepentingan non-pengendali                            1.064.996              (11.723)               1.053.273                  Non-controlling interest
    TOTAL                                                   5.482.544              (14.281)               5.468.263                                      TOTAL
    LABA PER SAHAM (RUPIAH PENUH) :                              625                        -                   625   EARNINGS PER SHARE (FULL RUPIAH)


                                                                           2023
                                                  Sebelum Penyajian                             Setelah Penyajian
                                                    Kembali/Before      Penyesuaian/              Kembali/After
                                                     Restatement         Adjustment               Restatement
    ASET                                                                                                                                                ASSETS
    ASET LANCAR                                                                                                                            CURRENT ASSETS
    Kas dan setara kas                                     4.438.951              257.486                4.696.437                   Cash and cash equivalents
    Investasi jangka pendek                                1.360.795                    -                1.360.795                       Short-term investments
    Piutang lain-lain                                                                                                                         Other receivables
      Pihak berelasi                                         350.775               (6.550)                 344.225                             Related parties
      Pihak ketiga                                           915.572               38.382                  953.954                                Third parties
    Persediaan                                               119.490                    -                  119.490                                    Inventories
    Biaya dibayar di muka dan uang muka                       95.910                3.402                   99.312              Prepaid expenses and advances
    Pajak dibayar di muka                                    134.956                    -                  134.956                                 Prepaid taxes
    Dana dibatasi penggunaannya                              558.326                    -                  558.326                              Restricted funds
    TOTAL ASET LANCAR                                      7.974.775              292.720                8.267.495                 TOTAL CURRENT ASSETS

    ASET TIDAK LANCAR                                                                                                                NON-CURRENT ASSETS
    Piutang lain-lain                                        275.000                    -                  275.000                            Other receivables
    Dana dibatasi penggunaannya                              292.783                    -                  292.783                              Restricted funds
    Aset pajak tangguhan                                      62.862                   16                   62.878                           Deferred tax assets
    Investasi pada entitas asosiasi dan                                                                                          Investment in associates and
      ventura bersama - neto                               6.155.705           (954.138)                 5.201.567                         joint ventures - net
    Aset tetap - neto                                        474.401              3.976                    478.377                             Fixed asset - net
    Properti investasi - neto                                751.557                  -                    751.557                  Investment properties - net
    Aset takberwujud - neto                                                                                                              Intangible assets - net
      Hak pengusahaan jalan tol                          111.246.294          6.014.333                117.260.627                Toll road concession rights
      Lainnya                                                109.573                  1                    109.574                                      Others
    Goodwill                                                  41.849                   -                    41.849                                     Goodwill
    Aset keuangan lainnya - neto                             246.677                   -                   246.677                  Other financial assets - net
    Aset tidak lancar lainnya - neto                       1.720.233                242                  1.720.475               Other non-current assets - net
    Aset derivatif                                            23.142                   -                    23.142                             Derivative assets
    TOTAL ASET TIDAK LANCAR                               121.400.076          5.064.430                126.464.506           TOTAL NON-CURRENT ASSETS

    TOTAL ASET                                            129.374.851          5.357.150                134.732.001                            TOTAL ASSETS




                                                                        194
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PT JASA MARGA (PERSERO) Tbk                                                                           PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                               FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                         For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                             As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                (Expressed in millions of Rupiah, unless otherwise stated)

51. KOMBINASI BISNIS ENTITAS SEPENGENDALI                                         51. BUSINESS COMBINATION OF ENTITIES
    (lanjutan)                                                                        UNDER COMMON CONTROL (continued)

                                                   Sebelum Penyajian                         Setelah Penyajian
                                                    Kembali/Before       Penyesuaian/          Kembali/After
                                                     Restatement          Adjustment           Restatement
    LIABILITAS DAN EKUITAS                                                                                                      LIABILITIES AND EQUITY
    LIABILITAS JANGKA PENDEK                                                                                                       CURRENT LIABILITIES
    Utang usaha                                               179.230             77.538                256.768                          Accounts payable
    Utang kontraktor                                          560.316                  -                560.316                        Contractors payable
    Utang pajak                                               363.898              9.059                372.957                               Taxes payable
    Beban akrual                                            8.120.532          1.852.870              9.973.402                         Accrued expenses
    Utang bank                                              4.499.415             31.275              4.530.690                                  Bank loans
    Utang lembaga keuangan bukan bank                         908.102                  -                908.102        Non-bank financial institutions loan
    Liabilitas jangka panjang yang                                                                                                    Current maturities of
      jatuh tempo dalam satu tahun:                                                                                                   long-term liabilities:
         Utang bank                                         5.072.042                   -            5.072.042                               Bank loans
         Utang lembaga keuangan bukan bank                    200.000                   -              200.000      Non-bank financial institutions loan
         Liabilitas pembebasan tanah                        1.298.845                   -            1.298.845             Land acquisition liabilities
         Liabilitas sewa                                       72.631              2.733                75.364                         Lease liabilities
         Provisi pelapisan jalan tol                          541.854                   -              541.854                    Provision for overlay
         Pendapatan diterima dimuka                            46.724                   -               46.724                      Unearned revenue
      Liabilitas imbalan kerja                                  1.794                   -                1.794                Employee benefits liability
    Liabilitas keuangan jangka pendek lainnya                 955.782                417               956.199         Other short-term financial liabilities
    TOTAL LIABILITAS JANGKA PENDEK                         22.821.165           1.973.892            24.795.057           TOTAL CURRENT LIABILITIES

    LIABILITAS JANGKA PANJANG                                                                                                NON-CURRENT LIABILITIES
    Liabilitas pajak tangguhan                              5.714.154                  -              5.714.154                      Deferred tax liabilities
    Utang kontraktor jangka panjang                           488.130            193.749                681.879              Long-term contractors payable
    Beban akrual jangka panjang                               715.029                  -                715.029               Long-term accrued expenses
    Liabilitas jangka panjang - setelah                                                                                        Long-term liabilities - net of
      dikurangi
      dikurangi bagian
                  bAIian yang
                         yang jatuh
                               jatuh                                                                                                  current maturities:
      tempo
      tempo dalam
               dalam satu
                      satu tahun:
                           tahun:
        Utang bank                                         57.046.445          2.372.878             59.419.323                            Bank loans
        Utang obligasi                                        897.353                  -                897.353                         Bonds payable
        Liabilitas pembebasan tanah                           251.067                  -                251.067             Land acquisition liabilities
        Liabilitas sewa                                        57.385                  -                 57.385                        Lease liabilities
        Provisi pelapisan jalan tol                           731.649                  -                731.649                   Provision for overlay
        Pendapatan diterima dimuka                             73.683                  -                 73.683                     Unearned revenue
        Liabilitas imbalan kerja                                                                                          Long-term employee benefits
             jangka panjang                                 1.316.108                  -              1.316.108                              liabilities
    Liabilitas derivatif                                       67.171                  -                 67.171                     Derivative liabilities
    Liabilitas jangka panjang lainnya                         284.309                  -                284.309                Other long term liabilities
    TOTAL LIABILITAS JANGKA PANJANG                        67.642.483          2.566.627             70.209.110      TOTAL NON-CURRENT LIABILITIES
    TOTAL LIABILITAS                                       90.463.648          4.540.519             95.004.167                    TOTAL LIABILITIES


    EKUITAS                                                                                                                                            EQUITY
    Ekuitas yang Dapat Diatribusikan                                                                                                   Equity Attributable to
     kepada Pemilik Entitas Induk                                                                                            Owners of the Parent Entity
       Modal saham - nilai nominal Rp500                                                                                 Capital stock - Rp500 par value
          (rupiah penuh) per saham                                                                                             (full amount) per share
       Modal dasar 19.040.000.000 saham                                                                             Authorized - 19,040,000,000 shares
       Modal ditempatkan dan disetor                                                                                  Issued and fully paid - 1 series A
          penuh - 1 saham seri A Dwiwarna                                                                                         Dwiwarna share and
          dan 7.257.871.199 saham seri B                    3.628.936                   -             3.628.936       7,257,871,199 series B shares
       Tambahan modal disetor - neto                        3.997.085                   -             3.997.085           Additional paid in capital - net
       Selisih atas transaksi entitas                                                                                   Difference from non-controlling
          non-pengendali                                      (51.064)            (6.940)               (58.004)                    interest transaction
       Saldo laba                                                                                                                      Retained earnings
          Telah ditentukan penggunaannya                    8.971.304                   -             8.971.304                           Appropriated
          Belum ditentukan penggunaannya                   13.697.655                   -            13.697.655                         Unappropriated
       Penghasilan komprehensif lain:                                                                                     Other comprehensive income:
          Kerugian yang belum direalisasi                                                                                           Unrealized loss on
             dari aset keuangan pada nilai wajar           (1.166.806)                  -            (1.166.806)       financial assets at fair value
     Pengukuran nilai wajar                                                                                                      Measurement of fair value
     derivatif lindung nilai arus kas                         (50.677)                  -               (50.677)             derivative for cashflow hedge
          Pengukuran kembali liabilitas imbalan                                                                           Remeasurements of long-term
             kerja jangka panjang                          (1.134.999)                  -            (1.134.999)           employee benefits liability
    Ekuitas Neto yang Dapat
     Diatribusikan kepada                                                                                                    Net Equity Attributable to
       Pemilik Entitas Induk                               27.891.434              (6.940)           27.884.494            Owners of the Parent Entity
       Kepentingan Non-Pengendali                          11.019.769             823.571            11.843.340             Non-Controlling Interests
    TOTAL EKUITAS                                          38.911.203             816.631            39.727.834                         TOTAL EQUITY
    TOTAL LIABILITAS DAN EKUITAS                          129.374.851           5.357.150           134.732.001         TOTAL LIABILITIES AND EQUITY




                                                                         195
Page 1029
PT JASA MARGA (PERSERO) Tbk                                                                                               PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                   FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                                           For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                                               As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                  (Expressed in millions of Rupiah, unless otherwise stated)

52. REKLASIFIKASI AKUN - AKUN                                                                  52. RECLASSIFICATION OF ACCOUNTS

     Beberapa akun dalam laporan keuangan tahun yang                                                      Several accounts in the financial statements for the
     berakhir pada 31 Desember 2024 dan 2023 telah                                                        year ended December 31, 2024 and 2023 have
     direklasifikasi sesuai dengan penyajian laporan                                                      been reclassified according to the presentation of
     keuangan tahun 2025 untuk tujuan perbandingan.                                                       2025 financial statements for comparison
                                                                                                          purposes.
                                                                                           2024
                                                           Sebelum Reklasifikasi/      Penyesuaian/        Setelah Reklasifikasi/
                                                           Before Reclassification     Adjustments         After Reclassification
    LAPORAN POSISI KEUANGAN                                                                                                                          CONSOLIDATED STATEMENTS
      KONSOLIDASIAN                                                                                                                                     OF FINANCIAL POSITION
        Aset Tidak Lancar                                                                                                                                  Non-Current Assets
         Aset pajak tangguhan                                                 -                67.529                     67.529                          Deferred tax assets
          Liabilitas Jangka Pendek                                                                                                                             Current Liabilities
            Beban akrual                                              11.449.200               (45.898)               11.403.302                             Accrued expenses
            Liabilitas imbalan kerja                                           -                45.228                    45.228                     Employee benefits liability
            Liabilitas keuangan jangka pendek lainnya                    922.125                45.898                   968.023              Other short-term financial liabilities
          Liabilitas Jangka Panjang                                                                                                                       Non-Current Liabilities
            Liabilitas pajak tangguhan                                  5.161.715               67.529                 5.229.244                          Deferred tax liabilities
            Liabilitas imbalan kerja jangka panjang                     1.307.197              (45.228)                1.261.969          Long-term employee benefits liabilites

    LAPORAN LABA RUGI DAN PENGHASILAN                                                                                                CONSOLIDATED STATEMENTS OF PROFIT OR
      KOMPREHENSIF LAIN KONSOLIDASIAN                                                                                               LOSS AND OTHER COMPREHENSIVE INCOME
       Pos-pos yang tidak akan direklasifikasi                                                                                                   Items that will not be reclassified
         ke laba rugi tahun berikutnya                                                                                                      to profit or loss in subsequent year
           Keuntungan (rugi) yang belum direalisasi dari                                                                              Unrealized gain (loss) on other financial
             aset keuangan lainnya pada nilai wajar                                -            1.436                      1.436                assets measured at fair value
           Pajak penghasilan terkait                                               -           42.508                     42.508                                    Related tax
       Pos-pos yang akan direklasifikasi                                                                                                Item that will be reclassified to profit
         ke laba rugi tahun berikutnya                                                                                                         and loss in subsequent year
           Keuntungan yang belum direalisasi                                                                                        Unrealized gain on other financial assets
             dari aset keuangan lainnya dan                                                                                                      and short term investment
             investasi jangka pendek pada nilai wajar                      1.436                (1.436)                         -                    measured at fair value
           Pajak penghasilan terkait                                      42.508               (42.508)                         -                                 Related tax


                                                                                           2023
                                                           Sebelum Reklasifikasi/      Penyesuaian/        Setelah Reklasifikasi/
                                                           Before Reclassification     Adjustments         After Reclassification
    LAPORAN POSISI KEUANGAN                                                                                                                          CONSOLIDATED STATEMENTS
      KONSOLIDASIAN                                                                                                                                     OF FINANCIAL POSITION
        Aset Tidak Lancar                                                                                                                                  Non-Current Assets
          Aset pajak tangguhan                                                    15           62.863                     62.878                          Deferred tax assets
        Liabilitas Jangka Panjang                                                                                                                       Non-Current Liabilities
          Liabilitas pajak tangguhan                                    5.651.291              62.863                  5.714.154                        Deferred tax liabilities




53. PERISTIWA - PERISTIWA SETELAH TANGGAL                                                      53.        EVENTS AFTER THE REPORTING DATE
    PELAPORAN

    Perusahaan                                                                                            The Company

     1.     Berdasarkan Akta Pernyataan Keputusan                                                         1.   Based on the Deed of Statement of Meeting
            Rapat No. 04 tanggal 9 Januari 2026 yang                                                           Resolution No. 04 dated January 9, 2026, made
            dibuat di hadapan Notaris Nanette Cahyanie                                                         before Notary Nanette Cahyanie Handari Adi
            Handari Adi Warsito, S.H., perihal perubahan                                                       Warsito, S.H., regarding amendments to the
            Anggaran Dasar Perseroan, yang telah                                                               Company's Articles of Association, which has
            disahkan oleh Menteri Hukum dan Hak Asasi                                                          been approved by the Minister of Law and
            Manusia Republik Indonesia melalui Surat                                                           Human Rights of the Republic of Indonesia
            Keputusan No.AHU-AH.01.03-0013716 tanggal                                                          through Decree No. AHU-AH.01.03-0013716
            19 Januari 2026. Perubahan Anggaran Dasar                                                          dated January 19, 2026. The amendments to
            antara lain mencakup penyesuaian ketentuan                                                         the Articles of Association include adjustments
            Anggaran     Dasar    sehubungan      dengan                                                       to the provisions of the Articles of Association in
            perubahan peraturan perundang-undangan                                                             relation to changes in legislation as well as
            serta penyesuaian hak-hak istimewa atas                                                            adjustments to the special rights of the Series A
            Saham Seri A Dwiwarna milik Negara Republik                                                        Dwiwarna Shares owned by the State of the
            Indonesia.                                                                                         Republic of Indonesia.




                                                                                       196
Page 1030
PT JASA MARGA (PERSERO) Tbk                                                                   PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                                For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                                    As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                       (Expressed in millions of Rupiah, unless otherwise stated)

53. PERISTIWA - PERISTIWA SETELAH TANGGAL                                53.   EVENTS AFTER            THE     REPORTING         DATE
    PELAPORAN (lanjutan)                                                       (continued)

    Perusahaan (lanjutan)                                                      The Company (continued)

     2.       Pada tanggal 19 Januari 2026, berdasarkan                        2.     On January 19, 2026, based on the Decree of
              Keputusan Dewan Komisaris PT Jasa Marga                                 the Board of Commissioners of PT Jasa Marga
              (Persero) Tbk No. KEP-005/I/2026 tentang                                (Persero) Tbk No. KEP-005/I/2026 concerning
              Pemberhentian dan Pengangkatan Ketua dan                                the Dismissal and Appointment of the Chairman
              Anggota Komite Audit PT Jasa Marga (Persero)                            and Members of the Audit Committee of
              Tbk sebagai berikut:                                                    PT Jasa Marga (Persero) Tbk as follows:

                                                                                2026                                  2025
               Komite Audit/ Audit Committee                           Rudi Antariksawan                     Seppalga Ahmad

     3.       Pada tanggal 20 Februari 2026, Perseroan                         3.     On February 20, 2026, the Company issued the
              menerbitkan Obligasi Berkelanjutan III Tahap III                        Phase III of the Sustainable Bonds III of 2026
              Tahun 2026 dengan nilai nominal sebesar                                 with a nominal value of Rp2,067,650 consisting
              Rp2.067.650 yang terdiri dari:                                          of:

                i. Seri A sebesar Rp281.825 dengan tingkat                              i. Series A of Rp281,825 with a fixed
                   bunga tetap 5,70% per tahun dan jangka                                  interest rate of 5.70% per annum and a
                   waktu 3 tahun;                                                          term of 3 years;

                ii. Seri B sebesar Rp718.175 dengan tingkat                            ii. Series B of Rp718,175 with a fixed
                    bunga tetap 6,15% per tahun dan jangka                                 interest rate of 6.15% per annum and a
                    waktu 5 tahun;                                                         term of 5 years;

               iii. Seri C sebesar Rp300.000 dengan tingkat                            iii. Series C of Rp300,000 with a fixed
                    bunga tetap 6,50% per tahun dan jangka                                  interest rate of 6.50% per annum and a
                    waktu 7 tahun;                                                          term of 7 years;

               iv. Seri D sebesar Rp767.650 dengan tingkat                             iv. Series D of Rp767,650 with a fixed
                   bunga tetap 6,75% per tahun dan jangka                                  interest rate of 6.75% per annum and a
                   waktu 10 tahun.                                                         term of 10 years.

              Obligasi tersebut telah memperoleh peringkat                            The bonds have received an idAA rating from
              idAA dari PT Pemeringkat Efek Indonesia                                 PT Pemeringkat Efek Indonesia (Pefindo) and
              (Pefindo) dan dicatatkan di Bursa Efek                                  were listed on the Indonesia Stock Exchange
              Indonesia pada tanggal 23 Februari 2026.                                on February 23, 2026.

    PT Jasamarga Semarang Batang (JSB)                                         PT Jasamarga Semarang Batang (JBS)

    Berdasarkan     keputusan      Menteri   PUPR                              Based on the decree of Minister of PUPR
    No. 18/KPTS/M/2026 tanggal 07 Januari 2026, tarif                          No. 18/KPTS/M/2026 dated Januari 07, 2026, the
    tol   terjauh  ruas    Batang-Semarang    yang                             farthest toll tariffs of Batang – Semarang operated
    dioperasikan oleh PT Jasamarga Semarang -                                  by PT Jasamarga Semarang Batang are as follows:
    Batang adalah sebagai berikut:

                                                                                              Golongan/Group
          No                    Ruas/ Section
                                                                     I                 II            III       IV                V
          1      Batang - Semarang                               144.500            216.500       216.500   289.000           289.000




                                                                 197
Page 1031
PT JASA MARGA (PERSERO) Tbk                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir pada                                                                         For the Years Ended
Tanggal 31 Desember 2025 dan 2024                                                             As of December 31, 2025 and 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

53. PERISTIWA - PERISTIWA SETELAH TANGGAL                        53.    EVENTS AFTER            THE     REPORTING         DATE
    PELAPORAN (lanjutan)                                                (continued)

    PT Jasamarga Manado Bitung (JMB)                                   PT Jasamarga Manado Bitung (JMB)

    JMB telah mengajukan permohonan kompensasi                         JMB has submitted a compensation request to the
    kepada Menteri Pekerjaan Umum Republik                             Minister of Public Works of the Republic of Indonesia
    Indonesia (PUPR) melalui surat tertanggal                          (PUPR) through a letter dated January 14, 2026, with
    14       Januari      2026     dengan      Nomor:                  Number: 009/AA-JMB/PP/I/2026. The request was
    009/AA-JMB/PP/I/2026.      Permohonan     tersebut                 submitted based on the provisions of the Toll Road
    disampaikan      berdasarkan    ketentuan   dalam                  Operation Agreement (PPJT), which regulates the
    Perjanjian Pengusahaan Jalan Tol (PPJT) yang                       compensation mechanism for certain conditions
    mengatur mekanisme kompensasi atas kondisi                         beyond the Company's control. These conditions
    tertentu yang berada di luar kendali Perusahaan.                   create permanent political risks that affect traffic
    Kondisi dimaksud menimbulkan risiko politik                        performance as well as JMB's financial projections.
    permanen yang berdampak terhadap kinerja lalu
    lintas serta proyeksi keuangan JMB.

    Sampai dengan tanggal penerbitan laporan                           As of the date of issuance of the financial statements,
    keuangan, permohonan kompensasi tersebut masih                     the compensation request is still under review by the
    dalam proses penelaahan oleh pihak terkait.                        relevant parties.


54. TANGGUNG JAWAB MANAJEMEN ATAS                                54. THE   MANAGEMENT’S   RESPONSIBILITY
    LAPORAN KEUANGAN KONSOLIDASIAN                                   ON   THE   CONSOLIDATED  FINANSIAL
                                                                     STATEMENTS

     Manajemen Perusahaan bertanggung jawab atas                       The Company’s management is responsible for the
     penyusunan dan penyajian laporan keuangan                         preparation and presentation of the consolidated
     konsolidasian yang diotorisasi untuk terbit pada                  financial statements that were authorized for
     tanggal 27 Februari 2026.                                         issued on February 27, 2026.




                                                           198
Page 1032
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Page 1033

          
Page 1034
2025
Laporan Tahunan
Annual Report




                          Andal dalam Pelayanan,
                           Unggul dalam Kinerja
                          Reliable in Services, Excellent in Performance




PT Jasa Marga (Persero) Tbk
Kantor Pusat
Plaza Tol Taman Mini Indonesia Indah
Jakarta, 13550, Indonesia
Telp.: +6221 841 3526, +6221 841 3630



@ptjasamarga   @official.jasamarga   PT Jasa Marga – Persero Tbk   Official Jasa Marga   @official.jasamarga   www.jasamarga.com

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Published28 Apr 2026
Pages1034
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Names mentioned 108 people and organisations named in the text · linked when the evidence is strong

linked org Jasa Marga (Persero) Tbk · Laporan Tahunan 2025 Annual Report p.1 ×647
linked org PT Jasamarga Transjawa Tol p.27 ×9
linked org BCA Sekuritas p.30
linked person Subakti Syukur · Direktur Utama p.35 ×2
linked org Fortune Indonesia p.39 ×2
linked org PT Jasamarga Bali Tol p.42 ×6
linked org Marga Lingkar Jakarta p.42
linked org PT Cinere Serpong Jaya p.43
linked org PT Jasamarga Jogja Solo p.45 ×6
linked org Jasa Raharja p.48 ×4
linked person Amir Abadi Jusuf p.60 ×2
linked person Rudi Antariksawan · Komisaris Independen p.64 ×8
linked person Reza Febriano · Direktur p.82 ×9
linked person Pramitha Wulanjani · Direktur p.82 ×11
linked person Fitri Wiyanti · Direktur p.82 ×7
linked person Ari Wibowo p.129
linked org Dana Pensiun p.129 ×2
linked person Mohammad Zainal Fatah · Komisaris Utama p.130
linked person Raja Erizman · Komisaris p.130
linked person Chandra Wijaya · Komisaris Independen p.130
linked person Seppalga Ahmad · Komisaris Independen p.130 ×5
linked person Bagus Cahya Arinta B. · Direktur p.130
linked person Mohamad Agus Setiawan · Direktur p.130 ×4
linked person Asrorun Ni’am Sholeh · Komisaris p.131 ×3
linked org PT Pertamina Patra Niaga p.133 ×3
linked person Siti Purnama Rizki p.147
possible org Adhi Karya p.29 ×2
possible org Otoritas Jasa Keuangan p.58
possible person M. Roskanedi · Komisaris p.130
possible person Marsetio · Komisaris Independen p.130
unresolved person Transparansi Praktik Bad Governance · Commissioner p.11
unresolved person Keberagaman Komposisi · Komisaris p.11
unresolved — 16/ SEOJK.04/2021 Reference · Kantor Akuntan Publik p.11
unresolved org PT Jasamarga p.27
unresolved org PT Bank Lingkar p.32
unresolved person Best CEO · Direktur Utama p.35
unresolved person Hj. Maemune p.35
unresolved person Hj. Maemune Signature Souvenirs p.35
unresolved person Majalah Top · Direktur p.37
unresolved org PT BSI Group p.40 ×26
unresolved org Kementerian Kantor Pusat p.40
unresolved org Ministry of Management System p.40
unresolved org PT Garuda Quality Management System p.42
unresolved org PT Garuda p.42
unresolved org PT Garuda Environmental Management System p.42
unresolved org PT Marga Lingkar Jakarta ISO p.42
unresolved org PT Evodia Global p.43 ×5
unresolved org PT Marga Trans Nusantara p.43 ×2
unresolved org PT Marga Sarana Jabar p.43
unresolved org PT Jasamarga Kunciran p.43
unresolved org PT Jasamarga Ngawi ISO p.43
unresolved org PT Jasamarga Surabaya ISO p.43
unresolved org PT Jasamarga Solo Ngawi p.43
unresolved org PT Jasamarga Gempol ISO p.43
unresolved org PT Jasamarga Pandaan Tol p.44 ×2
unresolved org PT Jasamarga Pandaan ISO p.44
unresolved org PT Jasamarga Tollroad p.44 ×3
unresolved org Pvt. Ltd. p.44
unresolved org PT Jasamarga Tollroad Maintenance Direktorat Finance p.44
unresolved org PT Jasamarga Related p.44 ×2
unresolved org PT Jasamarga Pandaan p.45
unresolved org PT Jasamarga Bali Tol Ruas p.45
unresolved org PT Jasamarga Ngawi p.45
unresolved org Kementerian Lingkungan Hidup p.46
unresolved org Ministry of Environment p.46
unresolved org Milik p.48
unresolved org PT Jasamarga Jogja Solo. Adaptif p.48
unresolved org PT Jasamarga Understanding p.48
unresolved org Kementerian PPPA. Jasa Marga Launches JSMR MOVE p.49
unresolved org Ministry of Women’s Empowerment p.49
unresolved person Peranan · Komisaris p.50
unresolved org Jasa (Persero) Tbk p.53 ×2
unresolved org Marga (Persero) Tbk p.53
unresolved org Menteri BUMN p.58 ×2
unresolved org Minister of State-salah p.58
unresolved org Kantor Akuntan Publik Amir Abadi Jusuf p.60
unresolved org Mawar & Partners p.60
unresolved org Bank Indonesia p.69 ×5
unresolved org Bank Indonesia’s Monetary Policy Review Indonesia p.69
unresolved org Bank Indonesia’s p.70
unresolved org PT Jasamarga Business p.72
unresolved org Pengatur p.77
unresolved org Pertanahan Nasional p.77
unresolved person Kronologi · Komisaris p.88
unresolved person Minister of SOE No. SE- p.108
unresolved org Organizational Marga (Persero) Tbk. p.129
unresolved org Dana Pensiun Bisnis Pengoperasian p.129
unresolved org Dana Pensiun Supporting Toll Road p.129
unresolved person Abdul Rachman · Komisaris Independen p.130
unresolved person Juri Ardiantoro · Komisaris Utama p.131 ×3
unresolved person Syamsul Bachri Yusuf · Komisaris p.131 ×3
unresolved person Nachrowi Ramli · Komisaris Independen p.131 ×3
unresolved person Rivan Achmad Purwantono · Direktur Utama p.131 ×3
unresolved person Yoga Tri Anggoro · Direktur p.131 ×3
unresolved person Tedi Kurniawan · Komisaris Independen p.132
unresolved person Yaya Ruhiya · Direktur p.132
unresolved person Ari Respati · Direktur p.132
unresolved org Menteri Sekretaris Negara p.133
unresolved org Minister of State p.133
unresolved org Menteri Perhubungan p.138
unresolved org Minister of Transportation p.138
unresolved — Tanggamus Regency Regional People’s Appointed · Independent Commissioner p.138
unresolved org Affiliated Relation (Persero) Tbk p.138
unresolved — Career Experience Appointed · President Director p.139
unresolved org PT Asuransi Kerugian Jasa Raharja Resolution p.139
unresolved org PT Bank Bukopin p.139 ×2
unresolved org PT Asuransi Kerugian Jasa Raharja p.139
unresolved person Committee · Komisaris p.146

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