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Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Program Pendanaan Usaha Mikro dan Usaha Kecil (”PUMK”)

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Financial statements as of December 31, 2025

and for the year then ended with independent auditor’s report

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​

The original financial statements included herein are in Indonesian language.

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PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk.

FINANCIAL STATEMENTS

AS OF DECEMBER 31, 2025

AND FOR THE YEAR THEN ENDED

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Table of Contents

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Page

Statement of Senior General Manager Social Responsibility (SGM SR)

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Independent Auditors’ Report

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Statement of Financial Position

1

Statement of Profit or Loss and Net Assets

2

Statement of Cash Flows

3

Notes to the Financial Statements

4-24

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Table of Contents

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STATEMENTS OF SENIOR GENERAL MANAGER REGARDING THE RESPONSIBILITY FOR

THE FINANCIAL STATEMENTS OF PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

AS OF DECEMBER 31, 2025 AND FOR THE YEAR THEN ENDED

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA TBK

(SOCIAL RESPONSIBILITY CENTER)

​

No: Tel.1046/KU000/SRT-A1000000/2026

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We, the undersigned:

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Name

:

Hery Susanto

Office Address

:

Jl. Gatot Subroto Kav 52 Jakarta

Telephone

:

021-5202173

Position

:

Senior General Manager Social Responsibility

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State that:

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​

1.

We are responsible for the preparation and presentation of Financial Statements of Program Pendanaan Usaha Mikro dan Usaha Kecil Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk ("SRC");

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2.

Financial statements Program Pendanaan Usaha Mikro dan Usaha Kecil as of December 31, 2025 and for the year then ended have been prepared and presented in accordance with Private Entities Financial Accounting Standards;

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3.

a.

All information in the Program Pendanaan Usaha Mikro dan Usaha Kecil Financial Statements has been fully and correctly disclosed;

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b.

Program Pendanaan Usaha Mikro dan Usaha Kecil Perusahaan Financial Statements do not contain misleading material information or fact, and do not omit material information and fact;

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4.

We are responsible for the SRC’s internal Control.

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The Statement letter is made truthfully.

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Jakarta, April 29, 2026

Senior General Manager Social Responsibility

​

/s/ Hery Susanto

​

Heri Susanto

NIK.740115

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Table of Contents

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Graphic

The original report included herein is in Indonesian language.

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Independent Auditors’ Report

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Report No. 01141/2.1505/AU.2/10/1902-3/1/IV/2026

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The Shareholders and the Board of Commissioners and Directors Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk.

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Opinion

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We have audited the accompanying financial statements of Program Pendanaan Usaha Mikro dan Usaha Kecil Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk. (“PUMK”), which comprise the statement of financial position as of December 31, 2025, and the statement of profit or loss and net assets, and statement of cash flows for the year then ended, and notes to the financial statements, including material accounting policy information.

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In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the PUMK as of December 31, 2025, and its financial performance and cash flows for the year then ended, in accordance with Indonesian Financial Accounting Standards of Private Entity.

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Table of Contents

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Graphic

The original report included herein is in Indonesian language.

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Independent Auditors’ Report (continued)

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Report No. 01141/2.1505/AU.2/10/1902-3/1/IV/2026 (continued)

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Basis for opinion

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We conducted our audit in accordance with Standards on Auditing established by the Indonesian Institute of Certified Public Accountants (“IICPA”). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements paragraph of our report. We are independent of the PUMK in accordance with the ethical requirements relevant to our audit of the financial statements in Indonesia, and we have fulfilled our other ethical responsibilities in accordance with such requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

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Other information

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Management is responsible for the other information. Other information comprises the information included in the annual report year 2025 (the “Annual Report”). The Annual Report is expected to be made available to us after the date of this independent auditor’s report.

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Our opinion on the accompanying financial statements does not cover the Annual Report, and accordingly, we do not express any form of assurance on the Annual Report.

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In connection with our audit of the accompanying financial statements, our responsibility is to read the Annual Report when it becomes available and, in doing so, consider whether the Annual Report is materially inconsistent with the accompanying financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated.

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When we read the Annual Report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance and take appropriate actions based on the applicable laws and regulations.

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Table of Contents

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Graphic

The original report included herein is in Indonesian language.

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Independent Auditors’ Report (continued)

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Report No. 01141/2.1505/AU.2/10/1902-3/1/IV/2026 (continued)

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Responsibilities of management and those charged with governance for the financial statements

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Management is responsible for the preparation and fair presentation of the financial statements in accordance with Indonesian Financial Accounting Standards of Private Entity, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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In preparing the financial statements, management is responsible for assessing the PUMK’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern, and using the going concern basis of accounting, unless management either intends to liquidate the PUMK or to cease its operations or has no realistic alternative but to do so.

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Those charged with governance are responsible for overseeing the PUMK’s financial reporting process.

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Table of Contents

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Graphic

The original report included herein is in Indonesian language.

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Independent Auditors’ Report (continued)

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Report No. 01141/2.1505/AU.2/10/1902-3/1/IV/2026 (continued)

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Auditor’s responsibilities for the audit of the financial statements

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Our objectives are to obtain reasonable assurance about whether the financial statements taken as a whole are free from material misstatement, whether due to fraud or error, and to issue an independent auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with Standards on Auditing established by the IICPA will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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As part of an audit in accordance with Standards on Auditing established by the IICPA, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

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●Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to such risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or override of internal control.

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Table of Contents

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Graphic

The original report included herein is in Indonesian language.

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Independent Auditors’ Report (continued)

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Report No. 01141/2.1505/AU.2/10/1902-3/1/IV/2026 (continued)

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Auditor’s responsibilities for the audit of the financial statements (continued)

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As part of an audit in accordance with Standards on Auditing established by the IICPA, we exercise professional judgment and maintain professional skepticism throughout the audit. We also (continued):

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●Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the PUMK’s internal control.

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●Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

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●Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the PUMK's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our independent auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusion is based on the audit evidence obtained up to the date of our independent auditor’s report. However, future events or conditions may cause the PUMK to cease to continue as a going concern.

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Table of Contents

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Graphic

The original report included herein is in Indonesian language.

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Independent Auditors’ Report (continued)

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Report No. 01141/2.1505/AU.2/10/1902-3/1/IV/2026 (continued)

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Auditor’s responsibilities for the audit of the financial statements (continued)

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As part of an audit in accordance with Standards on Auditing established by the IICPA, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: (continued)

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●Evaluate the overall presentation, structure, and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

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We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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KAP Purwanto, Susanti dan Surja

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/s/ Yuki, CPA

​

Yuki, CPA

Public Accountant Registration No. AP.1902

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April 29, 2026

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Table of Contents

The original financial statements included here in are in the Indonesian language.

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PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk.

STATEMENT OF FINANCIAL POSITION

As of December 31, 2025

(Expressed in Millions of Rupiah)

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Notes

December 31, 2025

​

December 31, 2024

ASSETS

​

​

​

Current Assets

​

​

​

​

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Cash in Banks

 

4

 

241,180

​

254,915

Loan to Foster Partners net of allowance for impairment losses of Rp36,437, 2024: Rp53,343

 

5

 

6,317

​

36,014

PUMK Collaboration Receivable to Foster Partners net of allowance for impairment losses of Rp176, 2024: Rpnil

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6

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22,171

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28,021

PUMK Collaboration Receivable to PT Bank Rakyat Indonesia Tbk. (“BRI”)

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7

​

58,561

​

2,098

Troubled Loan net of allowance for impairment losses of Rp334,548, 2024: Rp320,222

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8

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-

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-

TOTAL ASSETS

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​

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328,229

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321,048

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LIABILITIES AND NET ASSETS

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LIABILITIES

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Payables and Other Current Liabilities

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9

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417

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406

Overpayment of Installments

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10

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259

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261

TOTAL LIABILITIES

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​

​

676

​

667

NET ASSETS

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​

​

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Without Restrictions from Resource Provider

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​

​

327,553

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320,381

Total net assets

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​

​

327,553

​

320,381

TOTAL LIABILITIES AND NET ASSETS

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​

​

328,229

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321,048

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The accompanying notes form an integral part of these financial statements

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1

Table of Contents

The original financial statements included here in are in the Indonesian language.

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PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk.

STATEMENT OF PROFIT OR LOSS AND NET ASSETS

For the Year Ended

December 31, 2025

(Expressed in Millions of Rupiah)

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  ​

 

 

 

Year Ended December 31,

 

Notes

2025

 

2024

WITHOUT RESTRICTIONS FROM RESOURCE PROVIDER

 

 

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REVENUE

 

 

​

​

Loan Administration Service Income

 

11

 

500

​

2,728

Loan Administration Service Income from BRI Collaboration

​

6, 7

​

789

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119

Interest Income from Current Accounts

 

12

 

3,722

​

3,359

Other Income

 

​

 

2

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4

TOTAL REVENUE

 

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5,013

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6,210

INCOME/(EXPENSES)

 

 

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(Allowance)/Recovery for Impairment of Loan to Foster Partner - net

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5d

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(3,019)

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(10,008)

Recovery for Impairment of Troubled Loan

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8

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5,671

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7,306

Allowance for Impairment of PUMK Collaboration Receivable to BRI

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6

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(176)

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-

Other Expenses

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(245)

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(558)

TOTAL INCOME/(EXPENSE)

 

2,159

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(3,260)

INCREASE IN NET ASSETS WITHOUT RESTRICTIONS FROM RESOURCE PROVIDER

 

 

7,172

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2,950

TOTAL COMPREHENSIVE INCOME

 

 

7,712

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2,950

NET ASSETS WITHOUT RESTRICTION FROM RESOURCE PROVIDER IN THE BEGINNING PERIOD

 

 

320,381

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317,431

NET ASSETS WITHOUT RESTRICTION FROM RESOURCE PROVIDER IN THE END PERIOD

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327,553

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320,381

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The accompanying notes form an integral part of these financial statements

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2

Table of Contents

The original financial statements included here in are in the Indonesian language.

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PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk.

STATEMENT OF CASH FLOWS

For the Year Ended

December 31, 2025

(Expressed in millions of Rupiah)

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​

Year Ended December 31,

Notes

2025

2024

OPERATING ACTIVITIES

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Loan Repayments from Foster Partners

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26,356

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79,232

Repayments from Troubled Loan

8

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5,671

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7,306

Receipt from Loan Administration Service

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569

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2,694

Interest Income from Current Assets

12

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3,722

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3,359

PUMK funds transferred to BRI

7

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(50,000)

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(10,000)

Payable Payment

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(5)

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(5)

Refund of Overpayment Installment to Foster Partners

10

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(48)

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(68)

NET CASH FLOWS PROVIDED BY/ (USED FOR) BY OPERATING ACTIVITIES

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(13,735)

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82,518

INCREASE/(DECREASE) CASH IN BANK

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(13,735)

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82,518

CASH IN BANK AT BEGINNING OF PERIOD

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254,915

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172,397

CASH IN BANK AT END OF PERIOD

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241,180

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254,915

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The accompanying notes form an integral part of these financial statements

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3

Table of Contents

The original financial statements included here in are in the Indonesian language.

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PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk.

NOTES TO THE FINANCIAL STATEMENTS

As of December 31, 2025 and

For the Year Ended

(Expressed in Millions of Rupiah)

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1.

INFORMATION OF SOCIAL RESPONSIBILITY CENTER UNIT

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a.

Establishment and General Information

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Pusat Pengelolaan Program Tanggung Jawab Sosial dan Lingkungan (Community Development Center) was established by Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk. (“Foster SOE”) based on Decree of the Directors Number: 61/ PS150/ CTG-10/ 2003 regarding Organization of Pusat Pengelola Program Kemitraan dan Program Bina Lingkungan (Community Development Center). Establishment of this     Company       Regulation  has       been       amended       several     times, most recently   with   Decree of the   Director     of    Human   Capital   Management    Number. PR.202.60/r.03/HK250/COP - A0200000/2024  dated February 29, 2024 regarding Organization of Social Responsibility Center (”SRC”).

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SRC was established as an implementation from the Decree of Minister of State-Owned Enterprises (“SOE”) No. KEP-236/MBU/2003 dated June 17, 2003 regarding SOE’s Partnership Program and Small Enterprises and Community Development Program. The Decree of Minister SOE was based on The Law of Republic of Indonesia No. 19 Tahun 2003 regarding allowance from profit to develop small/cooperative business and community development.

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The Minister of SOEs Decree has undergone several amendments, with the latest amendment set out in PER-1/MBU/03/2023 dated March 3, 2023, concerning Special Assignments and the Social and Environmental Responsibility (“TJSL”) Program.

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SRC head office is located at Graha Merah Putih PT Telkom Indonesia (Persero) Tbk, Gatot Subroto Kav. 52 Jakarta. Social Responsibility (“SR”) Regional and SR Witel is located in Telkom Regional Office and Telkom Wilayah Office (“Witel”) Telkom which spread all over Indonesia.

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4

Table of Contents

The original financial statements included here in are in the Indonesian language.

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PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk.

NOTES TO THE FINANCIAL STATEMENTS

As of December 31, 2025 and

For the Year Ended

(Expressed in Millions of Rupiah)

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1.

INFORMATION OF SOCIAL RESPONSIBILITY CENTER UNIT (continued)

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b.

Primary Activities

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Before the 2023 period, SRC’s primary activities are financing and developing Micro and Small Business (“SME”) through Program Pendanaan UMK to Foster Partners.

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Since 2023 period, SRC’s primary activities are financing and developing SME through Program Pendanaan UMK  to foster partners in collaboration with BRI.

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c.

Fund Resources

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The source of funds for the PUMK Program comes from:

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i.

Balance of partnership program funds allocated until the end of 2015, and/or

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ii.

Administration service income/ sale and purchase margin/profit sharing portion, deposit interest and/or current account services from partnership program funds.

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d.

Management Structures

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Management structures of SRC as of December 31, 2025 and 2024 is as follows:

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2025

2024

Senior General Manager

Hery Susanto

Senior General Manager

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Hery Susanto

Supporting Management:

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Supporting Management:

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Senior Manager of Planning, Governance, and Support

Arif Swasono

Senior Manager of Planning, Governance, and Support

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Arif Swasono

Senior Manager Community Involvement and Development

Soni Galih Riadi

Senior Manager Community Involvement and Development

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Soni Galih Riadi

Senior Manager Sustainable Development Goals

Suharsono

Senior Manager Sustainable Development Goals

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Suharsono

Senior Manager Micro Small Enterprise Incubation

Adrian Sani Harahap

Senior Manager Micro Small Enterprise Incubation

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Adrian Sani Harahap

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5

Table of Contents

The original financial statements included here in are in the Indonesian language.

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PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk.

NOTES TO THE FINANCIAL STATEMENTS

As of December 31, 2025 and

For the Year Ended

(Expressed in Millions of Rupiah)

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1.

INFORMATION OF SOCIAL RESPONSIBILITY CENTER UNIT (continued)

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d.

Management Structures

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Based on KD.21/PR000/COP-B0030000/2010 regarding Management of Partnership Program and Community Development Program         which       was        amended   by PD.703.00/r.01/ HK200/SRC- A1000000/ 2023 dated November 24, 2023 regarding Social and Environmental Responsibility Program where SRC is the TJSL Program Management Unit is supervised by the Director of Human Capital Management (“HCM”).

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As of December 31, 2024, the Director of HCM of PT Telkom Indonesia (Persero) Tbk. is Mr. Afriwandi. As of December 31, 2025, the Director of HCM of PT Telkom Indonesia (Persero) Tbk is Mr. Willy Saelan.

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Number of employees as of December 31, 2025 and 2024 are as follows:

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December 31,

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2025

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2024

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SRC Corporate

42

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37

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All employees are employees who earn salaries and other benefits from Foster SOE so that the Employee Benefits is implemented by and charged to Foster SOE.

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Witholding and payment for income tax Article 21 of Foster SOE’s employee who is assigned at SRC are performed by Foster SOE.

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Based on Decree of the Director Number: PD.202.06/r.06/HK.250/COP-A0200000/2024, dated July 29, 2024 regarding Organization of Telkom Regional Division that:

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1.

To enhance the effectiveness of Telkom Regional Division in supporting the achievement of strategic objectives, the total of Telkom Regional Division was adjusted from 7 divisions to 5 divisions, specifically, regional II and regional III merged into regional II, regional IV and regional V merged into regional III and regional VI and VII became regional IV and V, respectively.

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6

Table of Contents

The original financial statements included here in are in the Indonesian language.

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PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk.

NOTES TO THE FINANCIAL STATEMENTS

As of December 31, 2025 and

For the Year Ended

(Expressed in Millions of Rupiah)

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.

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1.

INFORMATION OF SOCIAL RESPONSIBILITY CENTER UNIT (continued)

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d.

Management Structure (continued)

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2.

There were changes to Company Regulation No: PD.202.06/r.05/HK200/COP A2000000/2023 dated June 27 2023 Organization of Telkom Regional Division.

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Management believes that Decree of the Director No: PD.202.06/r.06/HK.250/COP A0200000/2024, dated July 29, 2024 does not have a significant impact on SRC operations.

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e.

Completion and Authorization of the Issuance of Financial Statements

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The financial statements were completed and authorized for issuance by SRC’s Management on April 29, 2026.

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2.

SUMMARY OF MATERIAL ACCOUNTING POLICIES INFORMATION

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The material accounting principles which are applied consistently in the preparation of the financial statements for the year then ended December 31, 2025 are as follows:

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a.

Basis of Preparation of Financial Statements

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The financial statement is prepared based on Private Entities Financial Accounting Standards (SAK EP) that was issued by the Financial Accounting Standard Board - Indonesian Institute of Accountants. and consider the Regulatory Agency of SOE Circular Letter No. 1 Tahun 2026 dated on January 1, 2026 concerning Accounting Guidelines for the Micro and Small Business Funding Program of State-owned Enterprise.

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Effective January 1, 2025, SAK EP superseded Non - Publicly Accountable Entities Financial Accounting Standards. The changes arising from the implementation of SAK EP do not have a material impact on the financial statements of the Program PUMK for the year ended December 31, 2024; therefore, restatement is not required.

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7

Table of Contents

The original financial statements included here in are in the Indonesian language.

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PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk.

NOTES TO THE FINANCIAL STATEMENTS

As of December 31, 2025 and

For the Year Ended

(Expressed in Millions of Rupiah)

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.

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2.

SUMMARY OF MATERIAL ACCOUNTING POLICIES INFORMATION (continued)

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a.

Basis of Preparation of Financial Statements (continued)

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The financial statements, except for statement of cash flows, are prepared based on the historical cost concept and accrual basis, except as otherwise disclosed in the relevant notes to the financial statements herein.

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The statements of cash flows are prepared based on the direct method, presenting cash receipt and payment and cash equivalents that are classified into operating, investing and financing activities.

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Amounts in the financial statements are presented in Rupiah which also represents its functional currency.

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b.

Loan to Foster Partners

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Loan is initially measured based on fair values and subsequently measured at amortized cost, after deducted by allowance for impairment losses. The allowance for impairment is based on SRC’s Management evaluation on the collectibility of these loans.

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Loan to Foster Partners are recognized in the amount of principal and administration service income earned as agreed in the contract. Administration service income are recorded as loan to foster partners and as revenues on accrual basis for loans classified as current and substandard loan.

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​

​

Loan to Foster Partners are presented in statement of financial position at its realizable value although the agreed repayment of loan may be more than one year after reporting period

​

​

​

​

​

​

8

Table of Contents

The original financial statements included here in are in the Indonesian language.

​

​

PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk.

NOTES TO THE FINANCIAL STATEMENTS

As of December 31, 2025 and

For the Year Ended

(Expressed in Millions of Rupiah)

​

.

​

​

​

2.

SUMMARY OF MATERIAL ACCOUNTING POLICIES INFORMATION (continued)

​

​

​

b.

Loan to Foster Partners

​

​

​

​

​

The classification of loan based on its collectibility are as follows:

​

​

i.

Current represents principal installment and administration service income payment are paid on time or those late payments of maximum 30 (thirty) days from the payment due date as agreed with the agreement.

​

​

ii.

Substandard when late payment of principal and/or administration service income payment are between 30 (thirty) days and 180 (one hundred and eighty) days from the payment due date of installment as agreed in the agreement.

​

​

iii.

Doubtful when late payment of principal and/or administration service income payment are between 180 (one hundred and eighty) days and 270 (two hundred and seventy) days from the payment due date of installment as agreed in the agreement.

​

​

iv.

Loss when late payment of principal and/ or administration service income payment over 270 (two hundred and seventy) days from the payment due date of installment as agreed in the agreement.

​

​

​

​

​

c.

Allowance for Impairment of Loan

​

​

​

​

​

Allowance for impairment of loan represents allowance for doubtful loan. This allowance is calculated based on the Management’s SRC estimation of their collectibility.

​

​

​

​

​

​

​

​

​

​

9

Table of Contents

The original financial statements included here in are in the Indonesian language.

​

​

PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk.

NOTES TO THE FINANCIAL STATEMENTS

As of December 31, 2025 and

For the Year Ended

(Expressed in Millions of Rupiah)

​

.

​

​

​

2.

SUMMARY OF MATERIAL ACCOUNTING POLICIES INFORMATION (continued)

​

​

​

c.

Allowance for Impairment of Loan (continued)

​

​

​

​

​

SRC firstly determines whether there is objective evidence that there is impairment, individually for significant loan or collectively for loan which are insignificant. If SRC decides that there is no objective evidence of individual impairment, regardless those loans are significant or insignificant, SRC classifies these loan as having similar credit risk characteristics and determining the impairment collectively.

​

​

​

​

​

Allowance for impairment of loan is calculated based on estimated uncollectible loss, which collectively based on specific percentage of available historical collectibility rate (2 years of historical data at minimum).

​

​

​

​

​

d.

PUMK Collaboration Receivable

​

​

​

​

​

PUMK Collaboration Receivable represents loan is provided to Foster Partners through                BRI as a synergy to increase efficiency and effectiveness in the economic development and empowerment of micro and small businesses. PUMK Collaboration Receivable is recognized when funds are transferred to BRI, measured, and recorded at the amount of funds transferred. This distribution is long term for 5 years. This receivable are consists of PUMK Receivable Collaboration to Foster Partners and PUMK Receivable Collaboration to BRI.

​

​

​

​

​

PUMK Collaboration Receivable to Foster Partners.

​

​

​

​

​

PUMK Collaboration Receivable to Foster Partners represents loan is provided to Foster Partners through BRI and recorded at the amount of funds that have not been returned by the Foster Partners.

​

​

10

Table of Contents

The original financial statements included here in are in the Indonesian language.

​

​

PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk.

NOTES TO THE FINANCIAL STATEMENTS

As of December 31, 2025 and

For the Year Ended

(Expressed in Millions of Rupiah)

​

.

​

​

2.

SUMMARY OF MATERIAL ACCOUNTING POLICIES INFORMATION (continued)

​

​

​

d.

PUMK Collaboration Receivable (continued)

​

​

​

​

​

PUMK Collaboration Receivable to BRI

​

​

PUMK Collaboration Receivable represents loan for Foster Partners that have been returned to BRI and will be returned to SRC when the agreement ends and also include loan fund was received by BRI from SRC that have not been distributed to Foster Partners.

​

​

​

​

e.

Troubled Loan

​

​

​

​

​

Troubled loan represents loss loan which has been attempted to be recovered by rescheduling and reconditioning but cannot be recovered. Troubled loan will be represented at loan principal value with 100% of troubled loan balance.

​

​

​

​

​

The procedures to write-off the troubled loan adhere to the Decree of Minister of SOE No SK-277/MBU/10/2023 dated October 4, 2023.

​

​

​

​

f.

Overpayment of Installments

​

​

​

​

​

Overpayment of installments represents repayment which exceeds its loan balance from foster partners at the final payment. This overpayment is recognized and presented as liability when the installment is received.

​

​

​

​

​

Overpayment of installment from each Foster Partners to maximum amount of Rp100,000 (full amount) is recognized    as    Other    Income,    based   on  Decree    of         Senior    General        Manager Number:.PK.703.01.01/r.00/HK200/SRC1000000/2022 dated on  May 30, 2022 regarding Operational Guidelines of Social and Environmental Responsibility Program.

​

​

​

​

​

11

Table of Contents

The original financial statements included here in are in the Indonesian language.

​

​

PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk.

NOTES TO THE FINANCIAL STATEMENTS

As of December 31, 2025 and

For the Year Ended

(Expressed in Millions of Rupiah)

​

​

​

​

2.

SUMMARY OF MATERIAL ACCOUNTING POLICIES INFORMATION (continued)

​

​

​

g.

Payables and Other Current Liabilities

​

​

​

​

​

Payables and other current liabilities are repayment after the foster partners’s loans have been fully settled. Payables are recognized when transactions occur or when contract are completed and recognized based on transaction amount or contracts.

​

​

​

​

h.

Net Assets

​

​

​

​

​

Net assets without restrictions from resource provider represent assets that can be utilized without being limited for specific purposes.

​

​

​

​

i.

Revenue and Expenses

​

​

​

​

​

Loan Administration Service Income

​

​

​

​

​

Loan administration service income is measured and recorded at the value that has matured in accordance with the contract for current and substandard status.

​

​

​

​

​

Interest income from Current Accounts

​

​

​

​

​

Interest income from current account is consideration received from interest income net of final tax

​

​

​

​

​

Other Expenses

​

​

​

​

​

Other expenses are the write-off of administration service income incurred during reconditioning. Expense is recognised as incurred.

​

​

​

​

​

12

Table of Contents

The original financial statements included here in are in the Indonesian language.

​

​

PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk.

NOTES TO THE FINANCIAL STATEMENTS

As of December 31, 2025 and

For the Year Ended

(Expressed in Millions of Rupiah)

​

3.

ACCOUNTING JUDGEMENTS, ESTIMATION, AND ASSUMPTION

​

​

​

​

a.

Estimation and Assumptions

​

​

​

​

​

Allowance for impairment of loan

​

​

​

​

​

SRC uses judgement based on best facts available to recognize individual allowance for foster partners and distributing partners to adjust the individual loan to its realizable amount. This individual allowance will be assessed if there is additional information received which affect the estimated amount.

​

​

​

​

​

SRC also assesses the allowance for impairment loss collectively. Allowance for impairment of loan is measured based on the evaluation of current value and historical rate of loan collectability.

​

​

​

​

​

Allowance for impairment of loan is recognised based on the estimation of uncollectible amount, which is done collectively based on a specific percentage of the two-year-minimum historical rate of loan collectibility. This allowance is adjusted periodically to reflect actual result and estimation (Notes 5 and 6).

​

​

​

​

​

13

Table of Contents

The original financial statements included here in are in the Indonesian language.

​

​

PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk.

NOTES TO THE FINANCIAL STATEMENTS

As of December 31, 2025 and

For the Year Ended

(Expressed in Millions of Rupiah)

​

​

4.

CASH IN BANKS

​

​

​

​

​

​

​

2025

​

2024

​

Cash in Bank:

​

​

​

​

PT Bank Mandiri (Persero) Tbk

137,260

​

121,297

​

PT Bank Negara Indonesia (Persero) Tbk

90,622

​

121,022

​

PT Bank Syariah Indonesia (Persero) Tbk

13,298

​

12,596

​

Total Cash in Banks

241,180

​

254,915

​

5.

LOAN TO FOSTER PARTNERS

​

​

​

​

​

​

​

​

a.

Loan to Foster Partners Classified by SR Regional

​

​

​

​

​

​

​

​

​

​

​

2025

​

2024

​

​

​

Loan to Foster Partners

​

​

​

​

​

​

Regional I

9,592

​

18,435

​

​

​

Regional II

8,748

​

20,230

​

​

​

Regional III

16,686

​

32,768

​

​

​

Regional IV

2,825

​

7,512

​

​

​

Regional V

4,903

​

10,412

​

​

​

Total

42,754

​

89,357

​

​

​

Allowance for Impairment of Loan

(36,437)

​

(53,343)

​

​

​

Total Loan to Foster Partners - Net

6,317

​

36,014

​

​

​

​

​

​

​

​

​

b.

Loan to Foster Partners Classified by Sector

​

​

​

​

​

​

​

2025

​

2024

​

​

​

Trading

23,006

​

47,080

​

​

​

Industry

7,912

​

19,102

​

​

​

Service

5,523

​

12,325

​

​

​

Farming

2,083

​

3,776

​

​

​

Agriculture

1,726

​

2,828

​

​

​

Fishing

1,586

​

2,520

​

​

​

Plantation

502

​

850

​

​

​

Others

416

​

876

​

​

​

Total

42,754

​

89,357

​

​

​

Allowance for Impairment of Loan

(36,437)

​

(53,343)

​

​

​

Total Loan to Foster Partners - Net

6,317

​

36,014

​

​

​

​

​

​

​

​

​

Management believes that the balance of allowance for impairment of loan is adequate to cover losses from the uncollectible loan.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

14

Table of Contents

The original financial statements included here in are in the Indonesian language.

​

​

PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk.

NOTES TO THE FINANCIAL STATEMENTS

As of December 31, 2025 and

For the Year Ended

(Expressed in Millions of Rupiah)

​

​

​

​

​

​

​

5.

LOAN TO FOSTER PARTNERS (continued)

​

​

​

​

c.

Loan Administration Service Income

​

​

​

​

​

Interest rate start from October 1, 2022 is regulated on PER-06/MBU/09/2022 as amended to PER-01/MBU/03/2023 become 3% per annum.

​

​

​

​

d.

Allowance for Impairment of Loan to Foster Partners

​

​

​

​

​

Movement of allowance for impairment of loan is as follow:

​

​

​

​

​

​

​

2025

​

2024

​

​

​

Beginning balance

53,343

​

65,468

​

​

​

Allowance - net*

3,091

​

10,008

​

​

​

Reclassification to troubled loan (Note 8)

(19,997)

​

(22,133)

​

​

​

Ending Balance

36,437

​

53,343

​

​

​

​

​

​

​

​

​

​

A*) In December 31, 2025, total allowance and recovery of loan to foster partners amounted Rp19.997 and Rp16.906 2024:Rp22.133 and Rp12.125), respectively.

​

​

​

​

​

TThe breakdown of loan to foster partners based on collectability is as follow:

​

​

​

​

​

​

December 31, 2025

​

​

Loan Quality

​

Loan Balance

​

Allowance
%

​

Accumulated Allowance

​

Balance After Allowance

​

​

​

Current

​

918

​

1.09%

​

10

​

908

​

​

​

Substandard

​

3,069

​

1.79%

​

55

​

3,014

​

​

​

Doubtful

​

2,515

​

4.77%

​

120

​

2,395

​

​

​

Loss

​

36,252

​

100.00%

​

36,252

​

-

​

​

​

Sub total

​

42,754

​

​

​

36,437

​

6,317

​

​

​

Troubled

​

​

​

​

​

​

​

​

​

​

​

Foster Partner

​

325,348

​

100.00%

​

325,348

​

-

​

​

​

Other Foster SOE/ Distributing Partners

​

9,200

​

​

​

9,200

​

-

​

​

​

Sub total

​

334,548

​

​

​

334,548

​

-

​

​

​

Total

​

377,302

​

​

​

370,985

​

6,317

​

​

​

​

​

December 31, 2024

​

​

Loan Quality

​

Loan Balance

​

Allowance
%

​

Accumulated Allowance

​

Balance After Allowance

​

​

​

Current

​

20,493

​

0.61%

​

125

​

20,368

​

​

​

Substandard

​

11,730

​

2.86%

​

335

​

11,395

​

​

​

Doubtful

​

4,614

​

7.86%

​

363

​

4,251

​

​

​

Loss

​

52,520

​

100.00%

​

52,520

​

-

​

​

​

Sub total

​

89,357

​

​

​

53,343

​

36,014

​

​

​

Troubled

​

​

​

​

​

​

​

​

​

​

​

Foster Partner

​

311,022

​

100.00%

​

311,022

​

-

​

​

​

Other Foster SOE/ Distributing Partners

​

9,200

​

100.00%

​

9,200

​

-

​

​

​

Sub total

​

320,222

​

​

​

320,222

​

-

​

​

​

Total

​

409,579

​

​

​

373,565

​

36,014

​

​

​

​

15

Table of Contents

The original financial statements included here in are in the Indonesian language.

​

​

PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk.

NOTES TO THE FINANCIAL STATEMENTS

As of December 31, 2025 and

For the Year Ended

(Expressed in Millions of Rupiah)

​

​

6.

PUMK COLLABORATION RECEIVABLE TO FOSTER PARTNERS  

​

​

​

On August 29, 2023, SRC signed Perjanjian Kerja Sama Induk No. B 30/MBD/08/2023 or No. Tel. 1194/HK.810/CDC-A1000000/2023 with BRI) regarding Implementation of Program Pendanaan Usaha Mikro dan Usaha Kecil. This agreement is valid for 5 (five) years from the signing of the agreement.

​

​

​

​

2025

​

2024

​

​

​

PUMK Collaboration Receivable to Foster Partners

22,309

​

28,021

​

​

​

Receivables for accrual of administrative services

38

​

-

​

​

​

Total

22,347

​

28,021

​

​

​

Allowance for Impairment of PUMK Collaboration Receivable to Foster Partners

(176)

​

-

​

​

​

Total PUMK Collaboration Receivable to to Foster Partners-Net

22,171

​

28,021

​

​

​

​

Movement of PUMK collaboration receivable to Foster Partners is as follow:

​

​

​

​

2025

​

2024

​

​

​

Beginning balance of funds loaned to Foster Partners

28,021

​

-

​

​

​

Funds loaned to Foster Partners

9,251

​

30,000

​

​

​

Principal payment from Foster Partners

(14,963)

​

(1,979)

​

​

​

Receivables for accrual of administrative services

38

​

-

​

​

​

Ending balance of funds loaned to Foster Partners

22,347

​

28,021

​

​

​

Allowance for Impairment of PUMK Collaboration Receivable to Foster Partners

(176)

​

-

​

​

​

Total PUMK Collaboration Receivable to to Foster Partners - Net

22,171

​

28,021

​

​

​

Movement of allowance for impairment PUMK collaboration receivable to Foster Partners is as follow:

​

​

​

​

2025

​

2024

​

​

​

Beginning balance

-

​

-

​

​

​

Additional

176

​

-

​

​

​

Ending balance

176

​

-

​

​

​

​

16

Table of Contents

The original financial statements included here in are in the Indonesian language.

​

​

PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk.

NOTES TO THE FINANCIAL STATEMENTS

As of December 31, 2025 and

For the Year Ended

(Expressed in Millions of Rupiah)

​

6.

PUMK COLLABORATION RECEIVABLE TO FOSTER PARTNERS (continued)

​

​

​

​

December 31, 2025

​

​

Loan Quality

​

Loan Balance

​

Allowance
%

​

Accumulated Allowance

​

Balance After Allowance

​

​

​

Current

​

20,915

​

0.03%

​

6

​

20,909

​

​

​

Substandard

​

998

​

1.60%

​

16

​

982

​

​

​

Doubtful

​

282

​

14.18%

​

40

​

242

​

​

​

Loss

​

114

​

100.00%

​

114

​

-

​

​

​

Total

​

22,309

​

​

​

176

​

22,133

​

​

​

​

​

December 31, 2024

​

​

Loan Quality

​

Loan Balance

​

Allowance
%

​

Accumulated Allowance

​

Balance After Allowance

​

​

​

Current

​

27,897

​

0%

​

-

​

27,897

​

​

​

Substandard

​

124

​

0%

​

-

​

124

​

​

​

Doubtful

​

-

​

0%

​

-

​

-

​

​

​

Loss

​

-

​

0%

​

-

​

-

​

​

​

Total

​

28,021

​

​

​

-

​

28,021

​

​

​

17

Table of Contents

The original financial statements included here in are in the Indonesian language.

​

​

PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk.

NOTES TO THE FINANCIAL STATEMENTS

As of December 31, 2025 and

For the Year Ended

(Expressed in Millions of Rupiah)

​

7.

PUMK COLLABORATION RECEIVABLE TO BRI (continued)

​

​

​

(6) providing report on the distribution of funds for SRC's Program Pendanaan UMK as a basis for the audit of the implementation of Program Pendanaan UMK, (7) reallocating administrative services obtained from the distribution of Program Pendanaan UMK funds for then becomes part of the distribution of funds for the Program Pendanaan UMK in the following period which will be returned to SRC at the end of the period of Perjanjian Kerja Sama Induk.

​

​

​

SRC is obliged to (1) deposit/transfer funds from Program Pendanaan UMK to BRI's checking account, (2) carry out development in accordance with the scope of the agreement, (3) submit evidence of deposit/book-entry of disbursement of Program Pendanaan UMK. SRC and BRI agree to hold a meeting at least 1 time in 1 year to evaluate the implementation of the agreement.

​

​

​

​

2025

​

2024

​

​

​

Receivable to BRI

57,691

​

1,979

​

​

​

Loan administration service receivable

870

​

119

​

​

​

Total

58,561

​

2,098

​

​

​

Movement of PUMK collaboration receivable to BRI is as follow:

​

​

​

​

2025

​

2024

​

​

​

Beginning balance of receivable to BRI

2,098

​

20,000

​

​

​

Loan administration service receivable

50,000

​

10,000

​

​

​

Funds loaned to Foster Partners

(9,251)

​

(30,000)

​

​

​

Principal payment from Foster Partners

14,963

​

1,979

​

​

​

Loan administration service receivable

751

​

119

​

​

​

Ending balance

58,561

​

2,098

​

​

​

​

​

18

Table of Contents

The original financial statements included here in are in the Indonesian language.

​

​

PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk.

NOTES TO THE FINANCIAL STATEMENTS

As of December 31, 2025 and

For the Year Ended

(Expressed in Millions of Rupiah)

​

​

8.

TROUBLED LOAN

​

​

​

Troubled Loan to Foster Partners Classified by SR Regional

​

​

​

As of December 31, 2025 and 2024, the troubled loan which classified per SR Regional is as follow:

​

​

​

​

​

​

​

​

​

​

Year ended December 31,

​

​

​

2025

​

2024

​

Regional I

71,331

​

68,872

​

Regional II

100,413

​

96,760

​

Regional III

82,204

​

77,705

​

Regional IV

30,761

​

30,133

​

Regional V

40,639

​

37,552

​

​

325,348

​

311,022

​

SR Corporate

​

​

​

​

PT Sang Hyang Seri (Persero) (“SHS”)

7,582

​

7,582

​

Baitul Mal Wal Tamwil (“BMT Hidayah”)

1,618

​

1,618

​

​

9,200

​

9,200

​

Total

334,548

​

320,222

​

Allowance for Impairment of Troubled Loan

(334,548)

​

(320,222)

​

Troubled Loan Distribution-Net

-

​

-

​

​

​

​

​

​

​

Movement of allowance for impairment of troubled loan is as follow:

​

​

​

​

​

​

​

​

2025

​

2024

​

​

​

Beginning balance

320,222

​

305,395

​

​

​

Reclassification from loan to Foster Partners (Note 5d)

19,997

​

22,133

​

​

​

Recovery

(5,671)

​

(7,306)

​

​

​

Ending balance

334,548

​

320,222

​

​

​

19

Table of Contents

The original financial statements included here in are in the Indonesian language.

​

​

PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk.

NOTES TO THE FINANCIAL STATEMENTS

As of December 31, 2025 and

For the Year Ended

(Expressed in Millions of Rupiah)

​

9.

PAYABLES AND OTHER CURRENT LIABILITIES

​

​

​

As of December 31, 2024 and 2023, this account represents incidental deposit.

​

​

10.

OVERPAYMENT OF INSTALLMENTS

​

​

​

​

​

​

​

2025

​

2024

​

Beginning Balance

261

​

237

​

Additional

46

​

92

​

Refund

(48)

​

(68)

​

Ending Balance

259

​

261

​

​

11.

LOAN ADMINISTRATION SERVICE INCOME

​

​

​

​

Year ended December 31,

​

​

​

2025

​

2024

​

Loan to Foster Partners

​

​

​

​

Regional I

84

​

503

​

Regional II*

114

​

632

​

Regional III*

194

​

922

​

Regional IV

74

​

433

​

Regional V

34

​

238

​

Total

500

​

2.728

​

​

​

​

​

​

12.

TRANSACTIONS AND BALANCES WITH RELATED PARTIES

​

​

​

The relationship and nature of account balances/ transactions with related parties were as follows:

​

​

Relation

Related parties

Transactions

​

Entity under common control of the Government

PT Bank Negara Indonesia (Persero) Tbk.

Banking services

​

Entity under common control of the Government

PT Bank Mandiri (Persero) Tbk.

Banking services

​

Entity under common control of the Government

PT Bank Syariah Indonesia (Persero) Tbk.

Banking services

​

Entity under common control of the Government

PT Sang Hyang Seri (Persero)

Other Foster SOE

​

Entity under common control of the Government

PT Bank Rakyat Indonesia (Persero) Tbk.

Other Foster SOE

​

​

​

20

Table of Contents

The original financial statements included here in are in the Indonesian language.

​

​

PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk.

NOTES TO THE FINANCIAL STATEMENTS

As of December 31, 2025 and

For the Year Ended

(Expressed in Millions of Rupiah)

​

​

​

11.

TRANSACTIONS AND BALANCES WITH RELATED PARTIES (CONTINUED)

​

​

​

The details of accounts and significant transactions with related parties are as follows:

​

​

​

Amount

​

Percentage to total assets

​

2025

​

2024

​

2025

​

2024

Cash in banks (Note 4)

​

​

​

​

​

​

​

PT Bank Negara Indonesia (Persero) Tbk.

137,260

​

121,022

​

41.8%

​

37.7%

PT Bank Mandiri (Persero) Tbk

90,622

​

121,297

​

27.6%

​

37.8%

PT Bank Syariah Indonesia (Persero) Tbk

13,298

​

12,596

​

4.1%

​

3.9%

​

241,180

​

254,915

​

73.5%

​

79.4%

​

​

​

​

​

​

​

​

PUMK Collaboration Receivable

​

​

​

​

​

​

​

PUMK Collaboration Receivable to Foster Partners

22,171

​

28,021

​

6.8%

​

8.7%

PUMK Collaboration Receivable to BRI

58,561

​

2,098

​

17.8%

​

0.7%

​

80,732

​

30,119

​

24.6%

​

9.4%

​

​

​

​

​

​

​

​

Interest from Current Account

​

​

​

​

​

​

​

Cash in banks

​

​

​

​

​

​

​

PT Bank Negara Indonesia (Persero) Tbk.

1,860

​

1,603

​

37.1%

​

25.8%

PT Bank Mandiri (Persero) Tbk.

1,763

​

1,664

​

35.2%

​

26.8%

PT Bank Syariah Indonesia (Persero) Tbk.

99

​

92

​

2.0%

​

1.5%

​

3,722

​

3,359

​

74.3%

​

54.1%

​

​

21

Table of Contents

The original financial statements included here in are in the Indonesian language.

​

​

PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk.

NOTES TO THE FINANCIAL STATEMENTS

As of December 31, 2025 and

For the Year Ended

(Expressed in Millions of Rupiah)

​

​

13.

RECLASSIFICATION OF FINANCIAL STATEMENT ACCOUNTS

​

​

​

Certain accounts in the statement of financial position as of December 31, 2024, have been reclassified to conform to the presentation of the financial statements as of December 31, 2025, and for the year then ended. A summary of these accounts is as follows:

​

​

December 31, 2024

​

Before Reclassification

​

Reclassification

​

After

Reclassification

​

​

ASSETS

​

​

​

​

​

​

​

Cash in Banks

254.915

​

(254.915)

​

-

​

​

Loan to Foster Partners net of allowance for impairment losses

36.014

​

(36.014)

​

-

​

​

TOTAL CURRENT ASSETS

290.929

​

(290.929)

​

-

​

​

​

​

​

​

​

​

​

​

PUMK Collaboration Receivable to Foster Partners net of allowance for impairment loss

28.021

​

(28.021)

​

-

​

​

PUMK Collaboration Receivable to PT Bank Rakyat Indonesia Tbk. (“BRI”)

2.098

​

(2.098)

​

-

​

​

Troubled Loan net of allowance impairment losses

-

​

-

​

-

​

​

TOTAL NON-CURRENT ASSETS

30.119

​

(30.119)

​

-

​

​

TOTAL ASSETS

321.048

​

(321.048)

​

-

​

​

​

​

​

​

​

​

​

​

​

December 31, 2024

​

Before Reclassification

​

Reclassification

​

After

Reclassification

​

​

ASSETS

​

​

​

​

​

​

​

Cash in Banks

-

​

254,915

​

254,915

​

​

Loan to Foster Partners net of allowance for impairment losses

-

​

36,014

​

36,014

​

​

PUMK Collaboration Receivable to Foster Partners net of allowance for impairment loss

-

​

28,021

​

28,021

​

​

PUMK Collaboration Receivable to PT Bank Rakyat Indonesia Tbk. (“BRI”)

-

​

2,098

​

2,098

​

​

Troubled Loan net of allowance impairment losses

-

​

-

​

-

​

​

TOTAL ASSETS

-

​

321,048

​

321,048

​

​

​

​

​

​

​

​

​

​

​

22

Table of Contents

The original financial statements included here in are in the Indonesian language.

​

​

PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk.

NOTES TO THE FINANCIAL STATEMENTS

As of December 31, 2025 and

For the Year Ended

(Expressed in Millions of Rupiah)

​

​

​

13.

RECLASSIFICATION OF FINANCIAL STATEMENT ACCOUNTS (continued)

​

​

December 31, 2024

​

Before Reclassification

​

Reclassification

​

After

Reclassification

​

​

WITHOUT RESTRICTIONS FROM RESOURCE PROVIDER

​

​

​

​

​

​

​

REVENUES

​

​

​

​

​

​

​

Loan Administration Service Income

2,847

​

(119)

​

2,728

​

​

Loan Administration Service Income from BRI Collaboration

-

​

119

​

119

​

​

Interest Income from Current Accounts

3,359

​

-

​

3,359

​

​

Other Income

4

​

-

​

4

​

​

TOTAL REVENUES

6,210

​

-

​

6,210

​

​

OTHER INCOME/(EXPENSES)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(Allowance)/Recovery for Impairment of Loan

(2,702)

​

2,702

​

-

​

​

Allowance for Impairment of Loan to Foster Partners - net

-

​

(10,008)

​

(10,008)

​

​

Recovery for Impairment of Troubled Loan

-

​

7,306

​

7,306

​

​

Allowance for Impairment of PUMK Collaboration Receivable to BRI

-

​

-

​

-

​

​

Other Expenses

(558)

​

-

​

(558)

​

​

TOTAL OTHER INCOME/(EXPENSES)

(3,260)

​

-

​

(3,260)

​

​

INCREASE IN NET ASSETS WITHOUT RESTRICTIONS FROM RESOURCE PROVIDER

2,950

​

-

​

2,950

​

​

TOTAL COMPREHENSIVE INCOME

2,950

​

-

​

2,950

​

​

NET ASSETS WITHOUT RESTRICTION FROM RESOURCE PROVIDER IN THE BEGINNING PERIOD

317,431

​

-

​

317,431

​

​

NET ASSETS WITHOUT RESTRICTION FROM RESOURCE PROVIDER IN THE END PERIOD

320,381

​

-

​

320,381

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

23

Table of Contents

The original financial statements included here in are in the Indonesian language.

​

​

PROGRAM PENDANAAN USAHA MIKRO DAN USAHA KECIL

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk.

NOTES TO THE FINANCIAL STATEMENTS

As of December 31, 2025 and

For the Year Ended

(Expressed in Millions of Rupiah)

​

13.

RECLASSIFICATION OF FINANCIAL STATEMENT ACCOUNTS (continued)

​

​

​

Certain accounts in the statement of cash flows for the year ended December 31, 2024, have been reclassified to conform to the presentation of the financial statements as of December 31, 2025, and for the year then ended. A summary of these accounts is as follows:

​

​

December 31, 2024

​

Before Reclassification

​

Reclassification

​

After

Reclassification

​

​

OPERATING ACTIVITIES

​

​

​

​

​

​

​

Loan Repayments from Foster Partners

86.538

​

(7.306)

​

79.232

​

​

Repayments from Troubled Loan

-

​

7.306

​

7.306

​

​

Receipt from Loan Administration Service

2.694

​

-

​

2.694

​

​

Interest Income from Current Accounts

3.359

​

-

​

3.359

​

​

PUMK funds transferred to BRI

(10.000)

​

-

​

(10.000)

​

​

Payable Payment

(5)

​

-

​

(5)

​

​

Refund of Overpayment Installment to Foster Partners

(68)

​

-

​

(68)

​

​

NET CASH FLOWS PROVIDED BY/(USED FOR) OPERATING ACTIVITIES

82.518

​

-

​

82.518

​

​

INCREASE/(DECREASE) CASH IN BANKS

82.518

​

-

​

82.518

​

​

CASH IN BANKS AT BEGINNING OF PERIOD

172.397

​

-

​

172.397

​

​

CASH IN BANKS AT END OF PERIOD

254.915

​

-

​

254.915

​

​

24